EARLY WARNING REPORT UNDER
THE ALTERNATIVE MONTHLY REPORTING SYSTEM
OF NATIONAL INSTRUMENT 62-103
Report for the period ending November 30, 2011
1. Name and address of the eligible institutional investor:
U.S. Global Investors, Inc. (“USGI”)
7900 Callaghan Road
San Antonio, TX 78229
2. Name of the reporting issuer and the designation and number or principal amount of
voting or equity securities of the reporting issuer in respect of which the report is being
filed and the securityholding percentage of the eligible institutional investor in the
class of securities:
USGI exercises control or direction over 8,455,000 common shares of Rochester
Resources Ltd. (the “Reporting Issuer”) on behalf of various discretionary accounts that it
manages. This represents approximately 6.20% of the issued and outstanding common
shares of the Reporting Issuer.
3. Statement that the person or company is eligible to file reports under Part 4.7(2) of
National Instrument 62-103 in respect of the Reporting Issuers:
USGI is eligible to file reports under Part 4 of National Instrument 62-103 in respect of
the Reporting Issuer referred to in this report.
DATED this 9th day of December, 2011.
U.S. GLOBAL INVESTORS, INC.
(signed) “Susan McGee”
Name: Susan McGee
Title: President & General Counsel
Authorized Signing Officer