Management and Directors

Mr. Lindsay has in excess of 20 years experience in corporate finance, investment banking and business development in both North America and Asia. He is currently Managing Director of Arbutus Grove Capital Corp., a private company offering corporate finance and merchant banking services. Mr. Lindsay was a Founder and President of Magnum Uranium Corp. until its merger with Energy Fuels Inc.(TSX: EFR in June 2009). As well, Mr. Lindsay was a Vice President in the Corporate Finance and Investment Banking Group at PricewaterhouseCoopers LLP. Mr. Lindsay was Founder of Malaspina Capital Ltd., a junior capital pool company, and was responsible for indentifying its merger with Miranda Mining Corp (a Mexican-based gold producer that was subsequently acquired by Wheaton River Minerals).

Mr. Lindsay has a Bachelor of Commerce from UBC (1989), a Masters of Business Administration from Dalhousie University (1993) and is a Chartered Financial Analyst. He is the President of the Hong Kong Canada Business Association — Vancouver Section and the immediate past Chairman of the Family Services of Greater Vancouver.

Mr. Bernardi has over 30 years of experience in the mining industry and a proven exploration track record of mineral resources and discoveries in gold, zinc, copper, yttrium, rare earths, and uranium. The bulk of Mr. Bernardi's experience, some 20 years, has been in precious metals property generation, exploration, and development, having worked on numerous deposit types while employed by Latitude Minerals, Echo Bay Mines, Cyprus Metals Exploration, Meridian Minerals, Unocal - Molycorp, Inc., Amoco Minerals and Magnum Uranium Corp.

Discoveries directly associated with Mr. Bernardi as project leader or as co-discoverer of include the Kilgore gold deposit, Idaho (706,000 ounces Au), Coulterville gold project, California (70,000 ounces Au), Crypto zinc deposit, Utah (6.01MM Tons @ 8.68% sulfide zinc), Pan gold deposit, Nevada (400,000 ounces Au), Santiam copper breccia pipe, Oregon, and the Blue Hill Creek gold/silver deposit, Idaho (230,000 ounces Au.)

Dr. Ranta is an exploration and development mining executive experienced in planning, implementing and directing successful exploration and acquisitions throughout North and South America and internationally. He is a former president and board member of the Society for Mining, Metallurgy, and Exploration (SME) and former Vice President, Finance and board member of the American Institute of Mining, Metallurgical, and Petroleum Engineers (AIME).

He has successfully directed and led innovative exploration efforts resulting in the discovery, evaluation and/or acquisition of several major deposits including Montana's McDonald and Mexico's Santa Gertrudis gold ore bodies. He has also participated in the acquisition or discovery of Baja California's Paradones Amarillos, Idaho's Kilgore, Montana's Seven-Up Pete, Mexico's Dolores gold-silver, Burkina Faso's Youga gold and Russia's Kuranakh gold deposits. In addition, has been a Vice President of Exploration for Echo Bay Mines and Manager/Vice President for North American Exploration at Phelps Dodge Mining Company. Dr. Ranta is currently President, CEO and Director of Rare Element Resources and a Director of Animas Resources Ltd.

Dr. Carden has more than 30 years experience in exploration management, teaching, and research. He has broad experience in managing large exploration programs including tracking costs, managing personnel, negotiating leases and contracts, writing technical reports, delivering verbal presentations, writing permitting and compliance documents for state and federal agencies, and managing remote drilling programs involving camp logistics. He has a proven track record for discovery of ore deposits in the western United States, with a gross metal value of more than $765 million. From 1986 through 1998, Dr. Carden was with Echo Bay Mines. During the period from 1992 to 1998, he was Echo Bay's Director of U.S. Exploration, where he directed the work of two district geologists, eight senior geologists, and a GIS specialist. This group was successful in generating 35 funded projects over a five year period. While at Echo Bay, he discovered the 600,000 ounce Lamefoot gold deposit, Echo Bay's highest grade and lowest cost producer, and the Easy Junior gold deposit, a 250,000 ounce sediment-hosted gold deposit located in White Pine County, Nevada. Most recently, Dr. Carden has consulted on gold projects in Mexico for Minefinders in Chihuahua and Sonora states, in Zacatecas for Corex Gold Corp. and in the U.S. for Magnum Uranium Corp. Dr. Carden has a Ph.D. in Geology from the Geophysical Institute, University of Alaska, and an M.Sc. degree in Geology from Kent State University. He is a Licensed Geologist in the State of Washington and a member of the American Institute of Professional Geologists and a Fellow of the Society of Economic Geologists.

Dr. Carden is currently a Director of Paramount Gold and Silver Corp.

Mr. Eyolfson is President of Outlier Capital, a firm specializing in Research, Investments and Technical Analysis. Since 1998 Mr. Eyolfson has been actively involved in the Junior capital markets in various capacities ranging from Investor Relations to Corporate Development.

Mr. Mitchell has 16 years experience in business, with a specific focus on corporate financing and investment banking activities.