Board

Francesco "Frank" Scolaro, Executive Chairman

Frank is an active investor in publicly quoted companies in the resource, leisure and property sectors. Frank was Non-Executive Chairman of Regal Petroleum plc from October 2006 to November 2007, in which time he was instrumental in the successful resolution of local litigation issues in the Ukraine. Until March 2008 Frank was a non-executive director of Regal Petroleum plc.

Simon Rollason, Managing Director

Simon (BSc (Hons) Geology, MIMMM, FGS) has over 20 years international experience in mining and geological exploration having worked in Africa, Middle East, Central Asia and the Far East with both multi-nationals and junior resources companies. He has worked on nickel, gold, copper, base metals and gemstone projects, ranging from grassroots to producing assets. He has been involved with and managed operations which have varied from exploration, evaluation projects to successfully feasibility studies.

Michael Bretherton, Finance Director

Michael graduated in economics from the University of Leeds in 1978. He worked as an accountant and manager with Price Waterhouse for seven years in both London and the Middle East before joining The Plessey Company Plc in 1985 as a corporate financial manager. Michael subsequently held the position of Finance Director at a number of listed companies over a fourteen year period. More recently he worked at Lionhead Studios Limited, the entertainment software games developer, where he helped to complete a venture capital syndicate funding and a trade sale of the business to Microsoft in 2006. Michael is currently also a director of a number of other AIM quoted companies including Ora Capital Partners Plc, Oxeco Plc and Oxford Advanced Surfaces Plc.

Non-executives

Nicholas "Nick" Clarke, Non-executive Director

Nick has over 30 years experience in the mining industry and was previously the Managing Director of Oriel Resources Plc from conception in 2004 to the ultimate sale to Mechel OAO (NYSE listed) for US$1.5 billion inMarch 2008. Currently, he is a consultant to Orsu Metals Corp. and non-executive director to both Caledon Resources Plc and Sunkar Resources Plc, both AIM listed. Nick, as Managing Director of Wardell Armstrong International Ltd ("WAI"), developed WAI from a small consultancy into a senior minerals focused consultancy during the 1990's. Nick has also been involved in a number of equity raisings both on AIM and TSX.

Lord St John of Bletso

Lord St John lived in South Africa for 28 years where he qualified and practised as an attorney before graduating with a Masters in Maritime Law from London University. He has been an active Crossbench Member of the House of Lords since 1978. Amongst his appointments, he is currently the Vice Chairman of the All Party Parliamentary South Africa Group, Chairman of the UK Sierra Leone Business Forum and trustee of several charities focused on Africa. He was appointed an Extra Lord in Waiting to HM The Queen in 1998.