company

Board of Directors

Lawrence I. Bell , , , Director

Mr. Bell served as Chairman and Chief Executive Officer of British Columbia Hydro and Power Authority from 1987 to 1991 and from August 2001 to November 2003. From November 2003 to December 2007, he served as the non- executive Chairman of British Columbia Hydro and Power Authority. He is also a director of Silver Wheaton Corp. and is former Chairman of the University of British Columbia Board of Directors and former Chairman of Canada Line (Rapid Transit) Project. Mr. Bell was a director of Goldcorp Inc. from 2005 until his retirement in May 2013 and a director of Matrix Asset Management Inc. from 2010 until 2014. Prior to these positions, Mr. Bell was Chairman and President of the Westar Group and Chief Executive Officer of Vancouver City Savings Credit Union. In the province’s public sector, Mr. Bell has served as Deputy Minister of Finance and Secretary to the Treasury Board. He holds a Bachelor of Arts degree and an Honorary Ph.D. from the University of British Columbia. He also holds a Master of Arts degree from San José State University, is a Fellow of the Institute of Corporate Directors and holds the Order of British Columbia.

George L. Brack , , , Chairman of the Board (Non-Executive)

Mr. Brack serves as the non-Executive Chairman of Capstone Mining and Geologix Explorations and as a director of Silver Wheaton and Timmins Gold. Mr. Brack’s 30 year career in the mining industry has focused on exploration, corporate development and investment banking, specifically identifying, evaluating and executing strategic mergers and acquisitions, and raising equity capital. Until 2009, he was Managing Director and Industry Head, Mining at Scotia Capital. Prior to joining Scotia in 2006, George spent seven years as President of Macquarie North America Ltd. and led its northern hemisphere mining industry mergers and acquisitions advisory business. Previously, Mr. Brack was Vice President, Corporate Development at Placer Dome Inc., Vice President in the mining investment banking group at CIBC Wood Gundy, and worked on the corporate development team at Rio Algom.

In addition to his current board roles, during the past 15 years, Mr. Brack served as a director on the boards of Aurizon Mines, Newstrike Capital, NovaGold Resources, Red Back Mining and chaired the board of Alexco Resource Corp. He has served on audit committees and has been both a member and the chair of compensation/human resource committees, corporate governance committees and special committees responding to takeover offers (Aurizon, Red Back and NovaGold). Mr. Brack earned an MBA at York University, a B.A.Sc. in Geological Engineering at the University of Toronto and the CFA designation.

Robert J. Gallagher , , , Director

Mr. Gallagher has worked in the mining industry for more than 40 years and has extensive experience in the development and operation of large-scale mining projects. Most recently, he was President & CEO and a director of New Gold, an intermediate gold producer with projects on three continents. Mr. Gallagher continues to serve as a director of New Gold Inc. Prior to the merger of Peak Gold, Metallica Resources and New Gold, he was the President and CEO of Peak Gold. Previously, he spent 15 years with Placer Dome Inc. and seven years with Newmont Mining Corporation, most recently as Vice President Operations of Newmont Asia Pacific. During his time at Newmont, Mr. Gallagher oversaw the completion of development and operation of the Batu Hijau Mine, the billion-ton, world-class copper-gold mine located in Indonesia and was responsible for seven smaller mines in Australia and New Zealand.

Jill V. Gardiner , , , Director

Ms. Gardiner is a corporate director and has a financial consulting practice. She is a director of Capital Power Corporation, Parkbridge Lifestyle Communities Inc. and SilverBirch Hotels & Resorts. Previously, Ms. Gardiner spent over 20 years in the investment banking industry, most recently as Managing Director and Regional Head, British Columbia, for RBC Capital Markets. She also held various positions in corporate finance, mergers and acquisitions and debt capital markets as well as serving as Head of the Forest Products Group and Head of the Global Utilities Group. Prior to joining the investment banking industry, Ms. Gardiner was Senior Project Manager at the Ontario Energy Board and was also a lecturer at the University of Victoria.

Soon Jin (Alex) Kwon , , , Director

Mr. Kwon is a Director and Chief Operating Officer of KORES Canada Corporation, a wholly owned subsidiary of Korea Resources Corporation. Mr. Kwon has been with KORES since 1995 and held numerous positions which include Director and Team Leader of the Investment Strategy Team for Overseas Mineral Resources Development, Deputy Director of Overseas Mineral Planning Division and Deputy Director in the Overseas Metals Resources Team and in the Domestic Exploration Department. Mr. Kwon holds a Bachelor of Science in Natural Science (Geology) degree, a Master of Science in Petrology and Geochemistry (Geology) degree and a Ph.D. in Applied Geology (Geological Science), all are from Yonsei University in Seoul, Korea.

Kalidas Madhavpeddi , , , Director

Mr. Madhavpeddi is President of Azteca Consulting LLC and also an advisor to China Molybdenum Co. Ltd. Previously, he served as Senior Vice President and member of Senior Management at Phelps Dodge Corporation responsible for global M&A and worldwide exploration, and President of Phelps Dodge Wire & Cable which included downstream copper and aluminum wire and cable operations. He is a member of SME (Society of Mining Engineers). He holds a B.S. Engineering, M.S. Industrial Management. Mr. Madhavpeddi also serves as a director of Trilogy Metals Inc., a director and Chair of the Compensation Committee of NovaGold Resources Inc. and a director and Chair of Namibia Rare Earths Inc.

Dale C. Peniuk , , , Director

Mr. Peniuk is a Chartered Professional Accountant (CPA, CA) and corporate director. Mr. Peniuk has a B.Comm from the University of British Columbia and received his Chartered Accountant designation from the Institute of Chartered Accountants of British Columbia (now the Chartered Professional Accountants of British Columbia). He spent more than 20 years with KPMG LLP and predecessor firms, the last ten years as an Assurance Partner with a focus on mining companies. In addition to his position on Capstone’s Board, Mr. Peniuk serves as a director and Audit Committee Chair of Lundin Mining Corporation and Argonaut Gold Inc.

Darren M. Pylot , , , President & CEO and Director

Mr. Pylot is the founder of Capstone Mining Corp. and Capstone’s President and Chief Executive Officer (“CEO”) and former Vice Chairman. In 2006 he created Silverstone Resources Corp., a spin out from Capstone and served as its President and Chief Executive Officer until its sale to Silver Wheaton in May 2009. Mr. Pylot also serves as Chairman of the Board of Zena Mining Corp.

Richard N. Zimmer , , , Director

Mr. Zimmer is a corporate director and is the former President and Chief Executive Officer of Far West Mining Ltd., which was acquired by Capstone in 2011. Prior to Far West, Mr. Zimmer worked for Teck Corporation, Teck-Cominco and Teck-Pogo Inc. from 1992 to 2007. He served in various engineering and operating roles, including from 1998 to 2007, as Vice President and Project Manager for Teck-Pogo on the design and construction of the Pogo Mine near Fairbanks, Alaska. Before joining Teck, Mr. Zimmer was employed with Bow Valley Industries as Senior Staff Engineer responsible for evaluation of new mining ventures and the operation of its coal mining division. Mr. Zimmer has over 40 years of experience in the mining industry and has a B.Sc. degree, B. Eng., MBA and is a P.Eng. in the Province of British Columbia. Mr. Zimmer is also a director of Alexco Resources Corp.