Sandra S. Cowan ^1,2 - Chair

Ms. Cowan is Partner and General Counsel at EdgeStone Capital Partners, one of Canada's leading private equity firms.  She joined Edgestone in October 2001 with 15 years of legal experience. Prior to that, she was a senior partner of Goodman and Carr LLP in Toronto. Ms. Cowan received a Bachelor of Laws Degree from the University of Western Ontario. Ms. Cowan is considered to be one of Canada’s leading private equity lawyers and currently serves on the Board of Directors of CIC Energy, Eurospec Manufacturing and Tooling, New Food Classics, Specialty Catalog and The Continental Group

Stuart Comline

Mr. Comline is a past Chairman and President of AfriOre Limited, a TSX-listed mining company which was sold to Lonmin plc for C$500 million in 2007. Mr. Comline has 35 years of experience in the exploration and mining industry in Africa and Canada. He spent 20 years with JCI Limited in a number of senior managerial positions including General Manager, Exploration, responsible for all exploration activities and geology. He has experience in various commodities including gold, platinum, base metals and coal. Mr. Comline holds B.Sc. Hons. degree from the University of Natal and M.Sc. degree from the University of Western Ontario.

Francis (Frank) J. Crothers ^1,2

Mr. Crothers has been Chairman and CEO of Island Holdings Limited, a private Bahamas-based investment company since 1994. He received a Bachelor of Business Administration from the University of Miami. Over the past 35 years, Mr. Crothers has served on many public and private sector boards. In addition to currently acting as Vice-Chairman of Caribbean Utilities Company, Mr. Crothers is a director of Abaco Markets, Fortis Inc., Fidelity Bank and Trust [Cayman], C.A. Bancorp, Nuinsco Resources Limited, Templeton Mutual Funds and Victory Nickel.

Gregory S. Kinross ^1,2

Mr. Kinross has been the President and Chief Executive Officer of CIC Energy since inception. Since 2005, he has also been Executive Vice-President, Business Development of Tau Capital Corp, a private investment and advisory services company. From 1998 to 2004 Mr. Kinross was involved in private equity and investment banking. Prior to 1998, Mr. Kinross spent three years as a Manager at PricewaterhouseCoopers, South Africa. Mr. Kinross, a Chartered Accountant, received a Bachelor of Commerce Degree (With Distinction), as well as a Bachelor of Accountancy Degree (With Distinction) from the University of the Witwatersrand.

Warren Newfield

Mr. Newfield is the founder, President and CEO of Tau Capital Corp., a private investment and advisory services company. Mr. Newfield was a co-founder, past President and director of AfriOre Limited. In 2007 this TSX listed company was sold to Lonmin plc for C$500 million. From 1997 to 2000 he was a director and VP Corporate Development of Platexco Inc. until the company was acquired for C$191 million by Impala Platinum. Mr Newfield currently serves as Co-Chairman of CIC Energy Corp., a TSX and BSE listed company.

Luis Mauricio F. de Azevedo - COO

Mr. de Azevedo is a Lawyer and Geologist in Brazil with over 20 years of experience in the mining industry, dealing primarily with gold, industrial minerals, copper and nickel. Mr. Azevedo received a Geology Degree from Universidade Do Estado Do Rio De Janeiro in 1986, a Law Degree from Faculdade Integradas Candido Mendes in 1992 and a Master of Law Degree from Pontifice Universidade Catolica Do Rio de Janeiro in 1995. He is a partner at FFA Legal Support for Mining Co.