Robert Schafer, Chairman (Non-Executive)
Mr Schafer has 29 years of experience in the mineral industry, working in the international sector with both major and junior mining companies. He is currently Vice-President, Business Development with Hunter Dickinson Inc., a globally active private natural resources corporation. Throughout his career Mr Schafer has worked internationally, with notable experience in the far east of Russia, Southern Africa, South America and Australia. His work has included the structuring and implementation of successful exploration strategies, project reviews and valuations leading to acquisitions, and the management of local and expatriate exploration teams operating in a wide variety of geologic environments.

Robin Young, Chief Executive Officer
Mr Young is a geologist and mining engineer who has worked extensively in the CIS since 1991. He has 30 years of experience in the mineral resources industry overall, which has included large projects in remote areas as well as significant work with junior mining companies. He has held positions of increasing responsibility within the exploration, development and production sectors. Since 1980, he has been involved in the international sector and has been the Chief Executive Officer of two geological and mining consultancy companies. He has been CEO of the Company since October 2004. Mr. Young is a licensed Professional Geologist and holds a Bachelor of Science degree in Geological Engineering.

David Wood, Chief Financial Officer
Mr Wood has been Chief Financial Officer of the Company since October 2004, and has been a consultant to the Company since February 2004. Mr Wood has sixteen years of corporate finance advisory experience, two-thirds of which has been in the former Soviet Union. From 1996 to 2002, he was a management consultant with Deloitte & Touche in the CIS and led their management consulting and corporate finance practices in Moscow and Almaty. Mr Wood has a Bachelor of Arts (cum laude) degree in Economics and Master of Business Administration. He speaks fluent Russian and resides in Moscow.

George Eccles, Non-Executive Director
Mr Eccles graduated with a law degree from the London School of Economics and then trained as a chartered accountant. He became a partner in the London office of Deloitte Haskins & Sells before moving to Moscow where he was a partner in Coopers & Lybrand and later in Deloitte & Touche. Subsequently he worked in Kazakhstan as Chief
Operating Officer of the Central Asian–American Enterprise Fund, a US government sponsored development fund. He is currently non-executive Chairman of Hambledon Mining PLC.

David Straker-Smith, Non-Executive Director
Mr Straker-Smith joined CrossBorder Capital in early 1999 having been in the financial markets since 1980. His previous positions include director at Gerrard and National plc, manager of proprietary equity book at Gerrard and National and Head of East Europe and Middle Eastern Equity sales at Baring Securities. He is currently a senior non executive director of LTG Technologies Plc and director of a number of limited companies.

John Haskell, Non-Executive Director
(Appointed 5 March 2008): John Haskell is currently Executive Chairman of Troika Agro, which owns and manages agricultural land in central Russia. He is also a board member of Kodiak Thermal Technologies, Inc and was previously CEO of the Vostok Fund LP which was one of the founding investors in the Company and which owns approximately 3.2 million shares. He graduated from Amherst College with a BA (cum laude) in Economics.