Ian Watson
Chairman and Managing Director

In 1974 Ian Watson began his career at Burns Fry, an investment banking and brokerage firm in Canada, which is now BMO Nesbitt Burns, one of Canada's largest investment banking firms.

Mr. Watson became one of the senior partners in Burns Fry. In 1980, when he resigned, he was in charge of the firm's European business.

In 1981, Mr. Watson became a consultant to American Barrick, now Barrick Gold Corporation, and worked with the company during the time it made the transition from an oil and gas company to a gold mining company.

In 1982, he was one of the founders of Centennial Minerals Ltd. and was its Chairman until 1985. Centennial Minerals Ltd was a public gold mining company listed on the Toronto Stock Exchange. Centennial Minerals Ltd's strategy was to identify prospective large-scale gold mining projects after substantial exploration work had been completed and conduct further development work leading to mining operations. Three years after it started, Centennial's success was reflected in a friendly, recommended take-over by Pegasus Gold PLC.

From 1988 until 2000, Mr. Watson has also helped to create and develop a number of telecommunications companies.

James Slater, F.C.A.
Deputy Chairman

James Slater is a Chartered Accountant. Early in his career he was General Manager of a group of metal finishing companies, and a director of AEC Ltd.

From 1961 to 1963 he was Deputy Sales Director of the Leyland Motor Corporation and subsequently became a non-executive director from 1969 to 1975.

From 1964 to 1975, Mr. Slater was Chairman of Slater Walker Securities, which began as a small company with limited operations and grew into a substantial industrial conglomerate. In 1969, it developed into an investment bank, which subsequently became a victim of the 1974/1975 secondary banking crisis.

Since 1976, he has been a professional investor in both equity markets and property. In 1982, he was one of the founders of Centennial Minerals Ltd and helped to negotiate the Montana Tunnels deal.

Mr. Slater has written several best-selling investment books and also devised REFS (the leading monthly investment statistical guide in the U.K.) with publisher Hemmington Scott.

Dr. Morris Beattie has over 30 years experience in the mining industry, covering precious metals, base metals and industrial minerals. Following several seasons of mining exploration field work, the early phase of his career was directed at the development of a metallurgical testing company. During this period, he directed the development and ultimately the sale of a new process for the treatment of refractory gold ores.

In recent years, in addition to directing the metallurgical development of various projects, the scope of his activities included due diligence studies, audits, preliminary economic evaluation of projects and contributing to project feasibility studies.

Dr Beattie has acted as an expert witness on several occasions.

Anna Rebollini graduated in Economics and International Business from Krasnoyarsk State University, Russia, in 1997 and also studied international economics at Washington State University, USA, on a scholarship programme. Anna worked for Coca-Cola and Conde Nast Publications prior to joining Galahad Gold plc and International Molybdenum plc as financial controller in July 2005. She is an Associate of the Chartered Institute of Management Accountants.

Lord Wolfson was Chairman of Next PLC and Great Universal Stores PLC. He has also been Chairman of Alexon Group PLC and a non-executive director of Stewart Wrightson PLC.

He is currently Chairman of Fibernet Group PLC.

Peter Stormonth Darling is a law graduate from Oxford University (MA Honours) who has spent most of his career in the investment business. Formerly chairman of Mercury Asset Management Group plc; currently chairman of Welbeck Land Limited, a property development company, and director of Soditic Limited, Howard de Walden Estates, Advent Capital (Holdings) PLC and Guardian Capital Group Limited (Canada).

He is a member of the Investments Committee of the United Nations Pension Fund, a member of the Executive Committee of the International Institute for Strategic Studies, and a trustee of the World Monuments Fund (US) and the World Monuments Fund in Britain.