Management

Fredy Salazar | PRESIDENT & CEO

Mr. Salazar is a professional geologist registered in Ecuador. Mr. Salazar holds a bachelor’s degree in geology and a master’s degree in environmental sciences from Central University, Quito. From 1988 through 2000, Mr. Salazar worked in the mineral resource sector throughout Ecuador. From November, 1990, through November, 1998, Mr. Salazar worked with Newmont Overseas Exploration Ltd. as the regional exploration geologist, reviewing and evaluating over 100 gold prospect submittals. Mr. Salazar has an extensive and detailed knowledge of Ecuador’s geological potential. During a worldwide downturn in resource exploration activities after Newmont came out in 2001. Mr. Salazar established an environmental consulting company, Congeminpa Ltda., which became one of Ecuador’s most important Environmental Consulting firms. In 2004, Mr. Salazar resumed his efforts in resource exploration opportunities. He was instrumental in Aurelian Resource’s acquisition of its Frutta del Norte property. Currently, he is the CEO of Salazar Resources Limited since March 2007 for advanced exploration projects in Ecuador and Colombia.

Pablo Acosta | CFO

Mr. Acosta is an Ecuadorian certified public accountant and has been a director and officer of several private companies in Ecuador since 1985. Mr. Acosta earned his bachelor of commerce from the Pontificia Universidad Catelica del Ecuador (PUCE), Quito Ecuador, 1987; audit manager at Romero & Asociados from 1985 to 1987; managed Bermudez & Asociados Cia. Ltda. audit department from 1987 to 2003. Mr. Acosta has specialized in providing accounting, external auditing, project and operations auditing, instructors training, company valuations, finance management, cost and budget planning, quality management standards, and environmental matters. Since 2003, Mr. Acosta has worked with Mr. Salazar.

Nick DeMare | CORPORATE SECRETARY

Mr. DeMare is a chartered accountant and has been a director and officer of many publicly listed companies in Canada since 1986. Mr. DeMare earned his bachelor of commerce from the University of British Columbia in May, 1977. Since 1991, as president of Chase Management Ltd., he has specialized in providing accounting, management, securities regulatory compliance and corporate secretarial services to companies listed on the TSX-V and its predecessors. Mr. DeMare is currently a director and/or officer of several TSX-V-listed companies.

Etienne Walter | DIRECTOR

Mr. Walter is the honorary consul general of the Republic of Ecuador, with jurisdiction over the provinces of Alberta and British Columbia, the Northwest Territories and the Yukon Territory. His appointment was in December, 1993, with recognition by the Canadian government since March 17, 1994. He earned his diploma in hotel management and financial administration from the Ecole Hotelier de la Societe Suisse des Hoteliers in Lausanne, Switzerland, in November, 1972. Since coming to Canada in 1975, Mr. Walter worked for public and private corporations until forming his own company, Andes Trade and Investment Ltd.

Jorge Roca Arteta | DIRECTOR

Mr. Jorge Roca Arteta has a Bachelor of Arts degree (1986) from Brown University and is Alumnae from the Harvard Business School through its OPM Program (2002). Mr. Roca has worked at the Executive and Board levels, in his family businesses in Ecuador, where he is a third generation family member: on one side of the family in the construction business - Menatlas and forestry business - Edimca, Acosa, Endesa, Botrosa; and with another side of the family (Grupo Consenso) in the appliance business (manufacturing - Indurama, wholesaling and retailing - Marcimex) and in shrimp farming - Austromar. Also Mr. Roca is an entrepreneur and investor currently in the electronic business - Tarpuq, iCenter; in real estate development - Inmobilia, Arrecife, and in mining - SRL. In his pro bono main activities, currently Mr. Roca is Chairman of the Cuenca Chamber of Industry, Chairman of the German School of Cuenca and local Board Member of INCAE business school. He is fluent in Spanish, German and English.

Thomas Kelly | DIRECTOR

Mr. Thomas Kelly has bachelor and masters degrees in mining engineering from the Colorado School of Mines, is a Fellow of the Australasian Institute of Mining and Metallurgy and a registered member of the Society for Mining, Metallurgy & Exploration. Mr. Kelly brings over 35 years of experience in mine production, minerals industry consulting and corporate management. He has extensive international experience working on producing mines as part of feasibility teams and managing development projects from small underground to large open pit operations. Mr. Kelly has held senior positions with Freeport-McMoRan Copper & Gold Inc., AMEC Americas, Inca Pacific Resources Inc. and other recognized industry-leading companies. He is a recognized expert in project management and development and is fluent in Spanish.

Juan Carlos Ortiz | DIRECTOR

Mr Ortiz is currently the COO of Compañía Minera Milpo SA in charge of three underground mines in Perú. He is responsible for all operational aspect of these three operations as well as the expansion/sustaining projects linked to them. Previously he occupied several managerial position for the mining division of Trafigura Group related to operations, projects and M&A within Latin America. A native of Peru, Mr. Ortiz has a BSc from Pontificia Universidad Catolica del Peru, in mining engineering, and an MEng from Pennsylvania State University, in mineral engineering management

Mark Cernovitch | ADVISORY BOARD

Mr. Cernovitch brings a strong background in corporate governance and finance. He studied Economics at McGill University. He started his career in the financial sector as a stockbroker and has lived and worked in Montreal, Calgary, Vancouver, New York, and Toronto. Since leaving the brokerage industry, Marc has focused on corporate development, funding and building companies primarily in the resource, energy, and technology fields. He is currently Chairman of Halo Resources Ltd and consulting director to Rochester Resources Ltd.

Graeme Robinson | ADVISORY BOARD

Mr. Robinson has over 43 years commercial experience, and has for the last 20 years has been responsible for the operation and development of a number of small cap resource companies, with projects based in Asia, North America and South America.