Malbex Resources

Patrick F. N. Anderson Director

Since graduating from the University of Toronto's geology program 15 years ago, Mr. Anderson has been a consulting geologist on gold, base metals and diamond projects for junior explorers, major producers and mineral industry consulting firms in South America, North America and Europe. Mr. Anderson was the President and CEO and a director of Aurelian Resources Inc., a company he co-founded, prior to its takeover by Kinross. Mr. Anderson currently sits on the boards of Colossus Minerals Inc., Noront Resources Ltd. and U3O8 Corp Inc. He was named Mining Man of the Year by the Northern Miner in 2009 and received the Thayer Lindsley award for international discovery from the PDAC in 2008.

David Garofalo Director

Mr. Garofalo, ICD.D, is President and Chief Executive Officer of HudBay Minerals Inc. Most recently, he served as Senior Vice President, Finance and Chief Financial Officer with Agnico-Eagle Mines Limited, where he was employed since 1998. Before joining Agnico-Eagle, Mr. Garofalo served as Treasurer and in various finance roles with Inmet Mining Corporation from 1990. In 2009, Mr. Garofalo was named Canada's CFO of the Year by Financial Executives International Canada, TopGun CFO by Brendan Wood International and was given the award for Best Investor Relations by a CFO by IR Magazine. He is a graduate of the University of Toronto (B.Comm.) and a Chartered Accountant, and serves on the Boards of Directors of HudBay, Stornoway Diamond Corporation and York Central Hospital Foundation.

Joseph Hamilton Director

Mr. Hamilton was most recently co-interim CEO of Noront Resources Ltd., an exploration stage resource company listed on the Toronto Stock Exchange (TSX). From 2005 to 2008 Mr. Hamilton was Chief Executive Officer of African Copper Plc, an international exploration and development company listed on the TSX and the AIM market of the London Stock Exchange. Mr. Hamilton has over 23 years of experience in the international mining industry. Mr. Hamilton obtained a Masters of Science (Applied) from Queen's University in 1991 and a Bachelor of Science from the University of Toronto in 1985. Mr. Hamilton is a Chartered Financial Analyst and a Professional Geologist. He is currently a member of the Association of Professional Geoscientists of Ontario, Canada, a member of the CFA Institute and a member of the Institute of Corporate Directors. He is currently a director of the following public companies: Mirabela Nickel Ltd., Noront Resources Ltd. and GA Capital Corp.

Terry MacGibbon Director

Mr. MacGibbon, B.Sc., P.Geo, ICD.D, is a registered professional geologist with over 35 years of international experience in the mining business. Mr. MacGibbon is the founder, Chairman and CEO of FNX Mining Company Inc., a TSX-listed Canadian mining company that has over the past several years emerged from a junior exploration company into a mid-tier diversified Canadian mining company that produces nickel, copper, cobalt, platinum, palladium and gold from its mineral properties located in the Sudbury, ON, Canada mining camp. In 2005, Mr. MacGibbon was awarded the prestigious Prospector and Developer Association's Developer of the Year award and in the fall of the same year, Ernst and Young honoured Mr. MacGibbon with an Entrepreneur of the Year award. Mr. MacGibbon is a certified director, Institute of Corporate Directors, and a board member of several TSX public companies.

Tim Warman Director and President and Chief Executive Officer

Mr. Warman is a professional geologist with over 20 years of experience in all phases of the mining industry, from grass roots exploration through feasibility and development. He was most recently the Vice President, Corporate Development of Aurelian Resources Inc., where he supported the exploration team in Ecuador, initiated and managed early-stage development studies, marketed Aurelian to international investors and played a significant role in successfully negotiating the $1.2 billion acquisition of Aurelian by Kinross Gold Corporation. Prior to Aurelian, Mr. Warman held senior positions in a number of mining and exploration companies in North America, Africa and Europe. Mr. Warman is a graduate of the University of Manitoba (MSc) and McMaster University (BSc) and a member of the Association of Professional Geoscientists of Ontario.