Board of Directors

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

Mr. Brack serves as the non‐Executive Chair of Capstone and as a director of Wheaton Precious Metals Corp., Alio Gold Inc. and Geologix Explorations. 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. In addition to Capstone, Mr. Gallagher serves as a director of Yamana Gold Inc., Southern Arc Minerals Inc., and Japan Gold Corp. 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 currently serves on the boards of Capstone, Capital Power Corporation and Parkbridge Lifestyle Communities Inc. 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. In her various roles in corporate finance, mergers and acquisitions and debt capital markets, she provided strategic advice to, and helped raise capital for, numerous corporations with a focus on the power, pipeline, infrastructure, forest products and diversified industries. Ms. Gardiner was formerly Senior Project Manager at the Ontario Energy Board and a lecturer at the University of Victoria in corporate finance and human resource management. Ms. Gardiner previously served as Board Chair of Turquoise Hill Resources Ltd. and as a director on the boards of SilverBirch Hotels & Resorts and Timber Investments. She has an MBA and BSc from Queen’s University.

Kalidas Madhavpeddi , , , Director

Mr. Madhavpeddi is President of Azteca Consulting LLC, an advisory firm to the mining and metals industry. From 2008-2018, he was CEO of CMOC International, a $25B market cap company which produced copper, cobalt, gold, phosphates and niobium. Previously, he served as Senior Vice President and member of senior management at Phelps Dodge Corporation, responsible for global mergers and acquisitions 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 and completed his advanced management at Harvard Business School. Mr. Madhavpeddi also serves as a director of Trilogy Metals Inc. and a director and Chair of the Compensation Committee of NovaGold Resources Inc.

Yong Jun Park , , , Director

Mr. Park is a Director and Secretary of KORES Canada Corporation, a subsidiary of Korea Resources Corporation. Mr. Park has been with KORES since 2003 and has held numerous positions which include Team Leader of the Metal Team, Manager of Wallarah Coal Business Team, Audit Manager of Overseas Investments and Project Manager for KORES Australia Pty Ltd. Mr. Park has been serving as a director of Capstone Mining Corp.’s 70% owned subsidiary, 0908113 BC Ltd. since 2015. Mr. Park holds a Bachelor of Science in Engineering (Mining & Mineral) from the INHA University, Korea.

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 Wheaton Precious Metals (formerly 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 also serves as the Chair of Ascot Resources Ltd. and a director of Alexco Resources Corp.