Board of Directors

THOMAS LARSEN Chairman and CEO

Thomas Larsen has over 30 years of experience in the investment industry. He specializes in corporate finance and management of junior mining companies, and has raised in excess of C$150 million to date.

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.

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 ROY P.Geo.

Richard Roy is the Exploration Manager for SEMAFO Inc. in Burkina Faso. He has extensive experience throughout North America and West Africa in the exploration for many commodities, including gold, silver, copper, lead, zinc, nickel, and diamonds.

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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