Appointed 26 May 2003

Chairman of the Board

Non-executive Director Dr Frank Lawson is a Chemical Engineer by training. He has achieved the academic qualification of Associate of the Sydney Technical College, BSc (from the University of New South Wales) and PhD (from Monash University). He is a Fellow of the Australian Academy of Technological Sciences and Engineering, Fellow of the Institution of Engineers Australia and a Fellow of the Institution of Chemical Engineers (UK). Dr Lawson has worked in the Chemical and Mining Industries for many years. He now provides consultancy in chemical engineering.

Appointed 9 February2005

Managing Director

Mr Greeve has a Bachelor of Business (Accounting) degree from Edith Cowan University. He is a Chartered Accountant, Certified Practicing Accountant, Fellow of the Taxation Institute of Australia and Tax Agent. He has 20 years experience in public practice and is currently the senior partner at the firm of Jackson Greeve, providing business advisory services. As a professional accountant, he has been involved with a wide range of industries. In particular, since the mid-1980s, he has been involved in providing financial, taxation and secretarial advice to a number of public mining companies. Recent companies he has been involved with include AIM listed New Millenium Plc and recently listed Murchison Metals Ltd. Mr Greeve also acts as the Australian agent for USA Investment Fund Cornell Capital Ltd and has spearheaded their investment in several listed companies.

Appointed 21 July 2003

Non-executive Director

Mr Brown is a Metallurgist with 37 years experience in a range of Australian metallurgical operations including base metals, refractory gold and diamonds. Mr Brown was the Resident Mine Manager of the Golden Grove Copper-Zinc mine from its start up in 1988. In 1993, he joined Wiluna Mines as the Resident Mine Manager of the Wiluna Gold Mine. In 1998, he formed Allan R.G. Brown and Associates, a metallurgical consulting business and since then has provided metallurgical consulting services to companies in Australia, Sweden, Finland, Uganda and China. Mr Brown has a BSc (Hons) in Metallurgy from the University of NSW, is a Fellow of the Australasian Institute of Mining and Metallurgy, a Chartered Professional (Metallurgy) and a Member of the Mineral Industry Consultants Association.

Appointed 12 January 2005

Non-executive Director

Mr Hardman is a foundation shareholder of the Company and serves as a representative for Shareholders on the Board. Mr Hardman is an experienced business man having managed his own businesses and he is also an active investor with interests in both the mining and property industries. He has a background in Aeronautical Engineering and Instrument Science.

Appointed 27 January 2006

Non-executive Director

Benedict Kusni has spent more than 15 years in funds management with various institutions in South East Asia and his previous roles include research, key financial calculations and quality control on comparables analysis of various industries and companies for pre-merger and acquisition target screenings. He has contributed to the depth analysis and intensive profiling of numerous industries for the equity research divisions of several major investment banks. He has engaged in propriety research and analysis for an internal project on fixed income marketing reporting. He has considerable expertise in corporate finance matters and has also been instrumental in Mutiny Gold Ltd’s fundraising efforts during the last 12 months.