|Canaccord Genuity||Anthony Petrucci|
|Eight Capital||Adam Gill|
|National Bank Financial Inc.||Dan Payne|
|Peters & Co.||Dan Grager|
|Raymond James Ltd.||Jeremy McCrea|
|Scotia Capital||Cameron Bean|
|TD Securities Inc.||Juan Jarrah|
Disclaimer - The views and recommendations which may be expressed by the analysts listed above or in such analysts’ reports are the views and responsibility of the analysts and the firm they represent and do not necessarily represent the views of the management of Bellatrix. Bellatrix claims no ownership or proprietary interest in, or adoption of, such analysts’ recommendations or reports, and the provision of the above information does not necessarily represent Bellatrix’s agreement or disagreement with such analysts’ recommendations or any information, forecasts, projections or forward-looking statements contained in such analysts’ reports.