Board of Directors

A. Terrance MacGibbon

Chairman of the Board (Independent), Professional Geologist, Certified Director, Bachelor of Science (Geology)

Mr. MacGibbon is a registered professional geologist and a certified director, ICD with over 45 years of experience in the mining business. Mr. MacGibbon graduated with a B.Sc. (Hons.) in Geology from St. Francis Xavier University. Prior to 1997, he was employed for 30 years with Inco Limited, culminating in him being responsible for directing Inco’s North American and worldwide exploration activities. Mr. MacGibbon is founder and was the Chairman and Chief Executive Officer of FNX Mining Company Inc. (“FNX”) from 1997 to 2010. Mr. MacGibbon and his team built FNX from a junior exploration company into a mid-tier, multi-billion dollars, diversified Canadian mining company that produced nickel, copper, and precious metals from its mineral properties in the Sudbury Basin mining camp, Ontario, Canada. In 2010, FNX merged with Quadra Mining Ltd. To form Quadra FNX Mining Ltd. (“Quadra FNX”) and from May 2010 to March 2012, he was the Chairman of Quadra FNX, which was subsequently sold to KGHM Polska Mied SA in 2012. Mr. MacGibbon is a co-founder and since 2006 has been the Chairman of INV Metals Inc. (“INV”), a junior resources company exploring and developing the Loma Larga gold project in Ecuador. Mr. MacGibbon is a co-founder of the Company and since November 2009 has been a director and the Chairman of the Board of the Company. He is the founder and since December 2012 has been the Executive Chairman of TMAC Resources Inc. (“TMAC”), a TSX listed company developing the Hope Bay Gold Belt in Nunavut, Canada. In 2005, Mr. MacGibbon was awarded the prestigious Prospectors and Developers Association of Canada’s Developer of the Year award and in 2005, Ernst and Young honoured Mr. MacGibbon for FNX’s successes with an Entrepreneur of the Year award. He has held directorships and senior executive positions in several Toronto Stock Exchange (“TSX”) and TSX Venture Exchange (“TSXV”) listed mining companies and is currently a director of TSX listed INV and Malbex Resources Inc.

Fred Stanford

Director, President and Chief Executive Officer of the Company (Non-Independent) Professional Engineer, Certified Director, Bachelor of Industrial Engineering, Bachelor of Science

Mr. Stanford is a mining executive with 35 years of experience in the mining industry. Mr. Stanford started his career at Vale Canada Limited (“Vale”, formerly Vale Inco and Inco Limited) in 1981 as a software designer and then moved into operations management as an underground mine foreman. He progressed through senior roles in mines operations, processing plant operations, engineering, environmental, health and safety, human resources, and production services operations. In 2006, he was appointed to the role of President of Vale’s Ontario operations, a position he held until June of 2009. Mr. Stanford graduated in Industrial Engineering from the Technical University of Nova Scotia. Mr. Stanford is also a certified director, Institute of Corporate Directors (“IDC”). He has served on the board of directors of Laurentian University, Cambrian College and the Northern Centre for Advanced Technology (NORCAT), a non-profit commercial incubator.

Andrew Adams

Director (Independent), Chartered Accountant (United Kingdom), Bachelor of Social Sciences (Accounting and Statistics)

Mr. Adams is a corporate director and has over 25 years of financial experience in the mining industry, and served as Chief Financial Officer of Aber Diamond Corporation from 1999 to 2003 and Chief Financial Officer of Anglo Gold North America from 1995 to 1999. He is currently a director of First Quantum Minerals Ltd., of which he is chairman of audit committee and a member of the compensation committee and a director of TMAC of which he is chairman of the audit committee and a member of the compensation and governance committees. Mr. Adams obtained his Bachelor of Social Sciences (Accounting and Statistics) from Southampton University and then qualified as a Chartered Accountant in the United Kingdom in 1981.

James Crombie

Director (Independent), Bachelor of Science (Mining Engineering)

Mr. Crombie is a mining engineer with over 30 years of broadly based experience in the mining industry. Mr. Crombie has held several senior executive positions with various mining companies, including Hope Bay Gold Corporation, Ariane Gold Corp., and Palmarejo Silver & Gold Corporation until its merger with Coeur d’Alene Mines, and was a mining analyst and investment banker with Shepards, Merrill Lynch, James Capel & Co. and Yorkton Securities. Mr. Crombie is the President and Chief Executive Officer and a director of Odyssey Resources Limited, a director of Arian Silver Corporation and a director of Sutter Gold Mining Inc. He graduated from the Royal School of Mines, London, with a Bachelor of Science (Hons).

Frank Davis

Director (Independent), Certified Director, Juris Doctor, Master of Business Administration, Bachelor of Commerce

Mr. Davis has been counsel to the law firm Bennett Jones LLP since February 2013. Mr. Davis was previously counsel to the law firm Fraser Milner Casgrain LLP (“FMC”) from January 2011 to February 2013, and prior thereto was a partner of FMC, practicing principally in the areas of securities and capital markets, corporate finance, mergers and acquisitions, mining and corporate governance. He has represented various public companies and investment banking firms in public and private offerings of equity and debt securities. He has acted as counsel to offerors, target companies and financial advisors in both hostile and negotiated merger and acquisition transactions and has been active in a variety of takeover bids, mergers, acquisitions, amalgamations, arrangements and divestitures. Mr. Davis is currently a director of Marret Resource Corp., of which he is chairman of the governance committee and a member of the audit committee, Malbex Resources Inc., of which he is chairman of the governance committee and a member of the audit committee, and TMAC, of which he is chairman of the governance and compensation committees and a member of the audit committee. Mr. Davis holds a Bachelor of Commerce, Juris Doctor and Master of Business Administration from the University of Toronto. He is a certified director, ICD, and is included in The Best Lawyers in Canada, The Canadian Legal LEXPERT Directory, Who’s Who Legal: Canada, The International Who’s Who of Business Lawyers and Canadian Who’s Who.

David Fennell

Director (Independent), Bachelor of Laws, Bachelor of Arts

Mr. Fennell is a mining executive with over 30 years of experience in the mining industry and has held directorships and senior executive positions in several TSX and TSXV listed mining companies. Mr. Fennell serves as the Executive Chairman of Odyssey Resources Limited, the Executive Chairman, Interim President and CEO of Reunion Gold Corporation, of which he also serves as a member of the safety, health and environment committee, and the Executive Chairman, Interim President and CEO of Highland Copper Company Inc. He is also a director of Major Drilling Group International Inc., of which he is chairman of the safety, health and environment committee and a member of the governance committee and a director of Sabina Gold and Silver Corp., of which he is a member of the safety, health and environment and the compensation committees. Mr. Fennell obtained a Bachelor of Arts from the University of North Dakota, then graduated from the University of Alberta with a Bachelor of Laws and practiced corporate and resource law for a number of years.

Michael Murphy

Director (Independent) Certified Director, Master of Business Administration, Master of Science (Finance), Bachelor of Arts

Mr. Murphy is the President and Chief Executive Officer of Redzone Resources Ltd., and President of Woodman Capital Ltd., a private consulting company. Mr. Murphy previously spent 15 years working in institutional equities in London, with Merrill Lynch, Donaldson, Lufkin & Jenrette and Credit Suisse, where he managed the hedge fund coverage team. Mr. Murphy graduated from the University of British Columbia with a Bachelor of Arts, from the London School of Economics and Political Science with a Master of Science in Finance and from Saint Mary’s University with a Master of Business Administration and he is a certified director, ICD.

William M. (Bill) Shaver

Independent Director, Professional Engineer, Bachelor of Science (Mining Engineering)

Is a seasoned senior mining executive with over 40 years of expertise in mine construction and operations. His early experience includes Teck, Eldorado Nuclear, New Quebec Raglan, Falconbridge and the Redpath Group working on many projects in roles of increasing responsibility. He was one of the founders of Dynatec Corporation which became one of the leading contracting and mine operating groups in North America. More recently, Mr. Shaver was the COO of FNX Mining and the President and CEO of DMC Mining Services. Mr. Shaver served as the Chair of the Board Workplace Safety North since its inception in 2009 to 2015. He also sponsors scholarships for Masters and Doctorate students working in the safety area at Laurentian University. Mr. Shaver was recognized as the Ernst and Young Entrepreneur of the Year in 2013 for his devotion to bringing innovation to the mining industry.

Mr. Shaver is a Professional Engineer who graduated with a Bachelor of Science in Mining Engineering from Queens University in Kingston. He is also a graduate of the Haileybury School of Mines.

Elizabeth A. Wademan

Independent Director, Certified Director, CFA, Bachelor of Commerce

Is a senior capital markets professional with over 20 years of financial services experience. Ms. Wademan spent 18 years in investment banking at BMO Capital Markets, where she focused on the Global Metals and Mining and Technology sectors and was responsible for Mining Equity Capital Markets. As a former Managing Director in Equity Capital Markets, Ms. Wademan has extensive experience in capital markets advisory and investment banking, in both domestic and international markets, as well as in commodities and securities.

Ms. Wademan obtained her Bachelor of Commerce (Finance and International Business) from McGill University, is a CFA charterholder and a member of the Institute of Corporate Directors.