Board of Directors

THOMAS LARSEN CEO

Thomas Larsen is an executive in the resources sector with over 40 years of experience in the investment industry, specializing in corporate finance and management of junior resource companies, raising in excess of $150 million. Mr. Larsen is currently the Chief Executive Officer of Eloro Resources Ltd. (TSXV-ELO) and Cartier Iron Corporation (CSE-CFE). Additionally, Mr. Larsen previously held the position of President and Chief Executive Officer of Champion Iron Limited, an appointment he assumed on the completion of the merger of Australian-based Mamba Minerals Ltd. and TSX-listed Champion Iron Mines Limited to continue as Champion Iron Limited effective April 1, 2014. Prior to that merger he was President and Chief Executive Officer of Champion Iron Mines Limited, now a wholly-owned subsidiary of Champion Iron Limited.

FRANCIS SAUVE

Francis Sauve is an entrepreneur based in south-western Ontario and has over 20 years of in-depth experience with publicly traded resource corporations as a director and investor. He joined Eloro Resources as an independent director in 2002 and is also a director of Cartier Iron Corporation (CFE-CSE).

ALEXANDER HORVATH P.Eng. Chief Technical Officer

Alexander Horvath is the President of A.S. Horvath Engineering Inc. and brings over 28 years of experience in mineral exploration and mining to Eloro. Mr. Horvath was recently Champion Iron Limited’s Chief Operating Officer, having joined Champion’s subsidiary company as a director in 2007 and as Executive Vice President, Exploration in 2008.

DUSAN BERKA P.Eng.

Dusan Berka has over 40 years of international experience in engineering, marketing and sales, and business administration. During the past 34 years, Mr. Berka has served as a Director and Officer of various public companies traded on the TSX, TSX Venture Exchange and the NASDAQ system in the USA.

RICHARD STONE C.I.M.

Richard Stone is Chairman and Chief Investment Officer of Stone Asset Management Limited, which he founded in 1999 following the launch of Stone & Co. Limited in 1995, where he continues to oversee the management, operations, and promotion of Stone Funds, Stone Flow-Through Limited Partnerships, and Stone Structured Products, as Chief Executive Officer.



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