Directors

Patrick J. Mars, Chairman Mr. Mars was appointed to the Board of Directors in January 2006, and became Chairman of the Board in March 2008. Mr. Mars is an independent consultant specializing in mine financing and analysis and benefits from over 30 years of experience in the Canadian investment industry. For the majority of his career he was with Alfred Bunting & Co/Bunting Warburg, a Canadian investment dealer and stockbroker, where he was President and CEO from 1981 to 1994. During this time he served three-year terms both as a Governor of the Toronto Stock Exchange and Director of the Investment Dealers Association. From 1999 to 2001, he was Chairman and a Director of First Marathon Securities (UK) Ltd/NBC Financial (UK) Ltd. Presently, Mr. Mars is a director of Yamana Gold Inc., Carpathian Gold Inc., Sage Gold Inc. (Chairman) and Selwyn Resources Ltd. as well as being President of P.J.Mars Investments Limited, a private company. He is a member of the Company’s Audit Committee and the Nominating and Corporate Governance Committee.
Patrick G. Downey, P. Eng., President, Chief Executive Officer and Director Mr. Downey was appointed President and Chief Executive Officer of Aura Minerals Inc. in April 2007 bringing with him over 25 years of international experience in the resource industry. Prior to joining Aura Minerals, Mr. Downey held the position of President, Chief Executive Officer and Director of Viceroy Exploration Ltd. before its acquisition by Yamana Gold Inc. in 2006 for $600 million. Mr. Downey also served as President of Consolidated Trillion Resources Ltd. and Oliver Gold Corporation, where he negotiated their successful merger to form Canico Resource Corp., which was purchased by CVRD in 2006 for over $800 million. He has held numerous senior engineering positions at several large-scale gold mining operations and has also held operating positions at several mining projects for Anglo American Corporation in South Africa. In addition, Mr. Downey is a member of the board to a number of resource companies in the mining sector. Mr. Downey is a member of the Company’s Environmental, Health, Safety and Social Responsibility Committee.
John Ivany, Director Mr. Ivany was appointed to the Board of Directors in September 2009, and brings with him 35 years of experience in the mining industry. In 2006, Mr. Ivany retired from Kinross Gold Corporation having served as Executive Vice President since 1995. Prior to this, he held executive positions with several resource companies including Noranda Inc., Hemlo Gold Mines Ltd., Prime Resources Corp. and International Corona Corporation. He is currently a director of Allied Nevada Gold Corp., Breakwater Resources Ltd., B2Gold Corporation and Eurogas International Corp. Mr. Ivany serves as a member of the Company’s Compensation Committee and the Nominating and Corporate Governance Committee.
Elizabeth A. Martin, Director Ms. Martin was appointed to the Board of Directors in March 2008. A professional accountant and a member of the Institute of Corporate Directors, she has a strong background in international exploration and mining projects. During her career, Ms. Martin has held senior financial management and executive positions in base metal and precious metal companies, such as Northgate Mines Inc., Western Mining Corporation, IAMGOLD Corporation and High River Gold Mines Ltd. Currently, Ms. Martin is on the boards of Manicouagan Minerals Ltd.(TSX-V) and Marengo Mining Limited.(TSX and ASX). She is also on the board of Sunnybrook Health Sciences Centre in Toronto and serves as Chair of their Audit Committee and is also a member of the Investment Committee and Governance Committee for Sunnybrook. In addition, to serving as a financial consultant in the mining sector (2001 to 2006), she served as a director with Goldbelt Resources Ltd. (2005 to 2008), and was the chair of the board of St. John’s Rehabilitation Hospital in Toronto (2005 to 2008). Ms. Martin is the Chair of the Company’s Audit Committee and the Nominating and Corporate Governance Committee is a member of the Compensation Committee.
William Murray, Director Mr. Murray was appointed to the Board of Directors in July 2007. He brings with him over 30 years of international mining experience in operations, engineering and construction. From March 2003 to February 2008, Mr. Murray served as President and Chief Executive Officer of PolyMet Mining Corp. where he was instrumental in developing and advancing the large-scale polymetallic NorthMet project located in the Minnesota Iron Range. He is currently Executive Chairman and a director of PolyMet Mining Corp. and a director of South American Silver Corp. Mr. Murray previously worked in senior management positions at Denison Mines, Anglo American Corporation and Fluor Daniel. Most notably, Mr. Murray was part of a consortium that purchased Placer's Craigmont Copper Mine, located in British Columbia, principally for its by-product iron in the form of magnetite. Mr. Murray was directly responsible for the successful design, construction and operation of the magnetite recovery plant that is still in operation today. Mr. Murray is the Chairman of the Company’s Environmental, Health, Safety and Social Responsibility Committee and a member of the Audit Committee and Compensation Committee.
Tom Ogryzlo, Director Mr. Ogryzlo has over 35 years of experience in the mining and engineering construction sectors in the development, financing, design, construction and operation of global mining, industrial and energy projects, particularly within Latin America. Mr. Ogryzlo has held executive management positions with a number of mining and engineering companies, who have operated in North and South America. He is presently Senior Vice President of Latin American Operations for Ram Power Corp. Among his previous positions, he has held the roles of President and CEO at Polaris Geothermal Inc., a geothermal power producer, President and CEO of Black Hawk Mining, a gold producer, President of Kilborn SNC-Lavalin, a large engineering contractor, and President of Cerro Matoso S.A., a large ferro nickel producer. Mr. Ogryzlo has been a director of many public companies, including Polaris Geothermal Inc., Franco-Nevada Mining, Baja Mining and Vista Gold.

Patrick J. Mars, Chairman

Mr. Mars was appointed to the Board of Directors in January 2006, and became Chairman of the Board in March 2008. Mr. Mars is an independent consultant specializing in mine financing and analysis and benefits from over 30 years of experience in the Canadian investment industry. For the majority of his career he was with Alfred Bunting & Co/Bunting Warburg, a Canadian investment dealer and stockbroker, where he was President and CEO from 1981 to 1994. During this time he served three-year terms both as a Governor of the Toronto Stock Exchange and Director of the Investment Dealers Association. From 1999 to 2001, he was Chairman and a Director of First Marathon Securities (UK) Ltd/NBC Financial (UK) Ltd. Presently, Mr. Mars is a director of Yamana Gold Inc., Carpathian Gold Inc., Sage Gold Inc. (Chairman) and Selwyn Resources Ltd. as well as being President of P.J.Mars Investments Limited, a private company. He is a member of the Company’s Audit Committee and the Nominating and Corporate Governance Committee.

Patrick G. Downey, P. Eng., President, Chief Executive Officer and Director

Mr. Downey was appointed President and Chief Executive Officer of Aura Minerals Inc. in April 2007 bringing with him over 25 years of international experience in the resource industry. Prior to joining Aura Minerals, Mr. Downey held the position of President, Chief Executive Officer and Director of Viceroy Exploration Ltd. before its acquisition by Yamana Gold Inc. in 2006 for $600 million. Mr. Downey also served as President of Consolidated Trillion Resources Ltd. and Oliver Gold Corporation, where he negotiated their successful merger to form Canico Resource Corp., which was purchased by CVRD in 2006 for over $800 million. He has held numerous senior engineering positions at several large-scale gold mining operations and has also held operating positions at several mining projects for Anglo American Corporation in South Africa. In addition, Mr. Downey is a member of the board to a number of resource companies in the mining sector. Mr. Downey is a member of the Company’s Environmental, Health, Safety and Social Responsibility Committee.

John Ivany, Director

Mr. Ivany was appointed to the Board of Directors in September 2009, and brings with him 35 years of experience in the mining industry. In 2006, Mr. Ivany retired from Kinross Gold Corporation having served as Executive Vice President since 1995. Prior to this, he held executive positions with several resource companies including Noranda Inc., Hemlo Gold Mines Ltd., Prime Resources Corp. and International Corona Corporation. He is currently a director of Allied Nevada Gold Corp., Breakwater Resources Ltd., B2Gold Corporation and Eurogas International Corp. Mr. Ivany serves as a member of the Company’s Compensation Committee and the Nominating and Corporate Governance Committee.

Elizabeth A. Martin, Director

Ms. Martin was appointed to the Board of Directors in March 2008. A professional accountant and a member of the Institute of Corporate Directors, she has a strong background in international exploration and mining projects. During her career, Ms. Martin has held senior financial management and executive positions in base metal and precious metal companies, such as Northgate Mines Inc., Western Mining Corporation, IAMGOLD Corporation and High River Gold Mines Ltd. Currently, Ms. Martin is on the boards of Manicouagan Minerals Ltd.(TSX-V) and Marengo Mining Limited.(TSX and ASX). She is also on the board of Sunnybrook Health Sciences Centre in Toronto and serves as Chair of their Audit Committee and is also a member of the Investment Committee and Governance Committee for Sunnybrook. In addition, to serving as a financial consultant in the mining sector (2001 to 2006), she served as a director with Goldbelt Resources Ltd. (2005 to 2008), and was the chair of the board of St. John’s Rehabilitation Hospital in Toronto (2005 to 2008). Ms. Martin is the Chair of the Company’s Audit Committee and the Nominating and Corporate Governance Committee is a member of the Compensation Committee.

William Murray, Director

Mr. Murray was appointed to the Board of Directors in July 2007. He brings with him over 30 years of international mining experience in operations, engineering and construction. From March 2003 to February 2008, Mr. Murray served as President and Chief Executive Officer of PolyMet Mining Corp. where he was instrumental in developing and advancing the large-scale polymetallic NorthMet project located in the Minnesota Iron Range. He is currently Executive Chairman and a director of PolyMet Mining Corp. and a director of South American Silver Corp. Mr. Murray previously worked in senior management positions at Denison Mines, Anglo American Corporation and Fluor Daniel. Most notably, Mr. Murray was part of a consortium that purchased Placer's Craigmont Copper Mine, located in British Columbia, principally for its by-product iron in the form of magnetite. Mr. Murray was directly responsible for the successful design, construction and operation of the magnetite recovery plant that is still in operation today. Mr. Murray is the Chairman of the Company’s Environmental, Health, Safety and Social Responsibility Committee and a member of the Audit Committee and Compensation Committee.

Tom Ogryzlo, Director

Mr. Ogryzlo has over 35 years of experience in the mining and engineering construction sectors in the development, financing, design, construction and operation of global mining, industrial and energy projects, particularly within Latin America. Mr. Ogryzlo has held executive management positions with a number of mining and engineering companies, who have operated in North and South America. He is presently Senior Vice President of Latin American Operations for Ram Power Corp. Among his previous positions, he has held the roles of President and CEO at Polaris Geothermal Inc., a geothermal power producer, President and CEO of Black Hawk Mining, a gold producer, President of Kilborn SNC-Lavalin, a large engineering contractor, and President of Cerro Matoso S.A., a large ferro nickel producer. Mr. Ogryzlo has been a director of many public companies, including Polaris Geothermal Inc., Franco-Nevada Mining, Baja Mining and Vista Gold.