Management Team

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.

MILES NAGAMATSU CPA, CA Chief Financial Officer

Miles Nagamatsu has over 30 years of experience in accounting, management, lending, restructurings and turnarounds. Since 1993, Mr. Nagamatsu has acted as a Chief Financial Officer of public and private companies primarily in the mineral exploration and investment management sectors. He holds a Bachelor of Commerce degree from McMaster University and is a Chartered Professional Accountant, Chartered Accountant.

LUC PIGEON M.Sc., P.Geo. General Manager, Cia Minera Eloro Peru S.A.C.

Luc Pigeon is the founder of Gateway Solutions S.A.C, and has been a resident of Peru since 2006. Mr. Pigeon is a Professional Geologist (P.Geo) registered in the Province of Quebec and a Qualified Person as defined by National Instrument (“NI”) 43-101, and is the author of the La Victoria NI 43-101 Technical Report. He has been recently appointed General Manager of Eloro’s Peruvian subsidiary.

JORGE ESTEPA V.P., Secretary-Treasurer

Jorge Estepa has over 25 years of experience with publicly listed companies in the areas of corporate management, development and investor relations and has served as a senior officer and/or director of several publicly traded resource companies. Mr. Estepa joined Eloro Resources as Vice President and Corporate Secretary in 1997.

Technical Advisors

WILLIAM N. PEARSON Ph.D., P.Geo. Chief Technical Advisor

Dr. William N. Pearson is a true leader in geoscience. He has over 40 years of direct experience in global mineral exploration and production. Has played an integral role in creating the value that led to successful acquisitions of Desert Sun Mining Corp. by Yamana Gold in 2006 and Central Sun Mining by B2 Gold in 2009. Dr. Pearson was the creator and founding President of the Association of Professional Geoscientists of Ontario.

GRAHAM SPEIRS P.Eng. Technical Advisor

Graham Speirs is the founder of Gemin Associates S.A.C., an independent engineering, project management and mining contracting company based in Lima, Peru. He is a mining engineer who has 35+ years of direct experience working in the International & Peruvian mining industry. Mr. Speirs’ experience includes: bringing the Libertad mine in Nicaragua into production for B2 Gold Corp; developing the Mantaro Phosphate Deposit for Stonegate Agricom Ltd.; a senior management role in the deepening and modernizing of the El Porvenir Mine of Cia Minera Milpo SAC, in addition to a senior management role developing Milpo’s Chapi, Cerro Lindo, Hilarion, Magistral and Pukaququ projects.

CHRIS HALE Ph.D., P.Geo. Chief Geophysicist

Dr. Chris Hales serves as the Chief Geophysicist to Eloro from Intelligent Exploration of Guelph, Ontario. He is an exploration geophysicist with more than 35 years’ experience from around the world. He received his B.Sc. in Earth and Planetary Sciences from the University of Toronto in 1974, an M.A. from the University of California Santa Barbara, and a Ph.D. from the University of Toronto.

OSVALDO ARCE B.Sc., Ph.D. Consultant

Dr. Osvaldo Arce Burgoa is a professional geological and mineral processing engineer with 26 years’ experience in Bolivia. He has a Doctor of Engineering degree from the Tohoku University at Sendai, Japan and a Bachelor of Science degree in Geological Engineering from the San Andrés University, Bolivia. He is a former National Director of the Bolivian Geological Survey, Main Technical Advisor of the National Mining Corporation (COMIBOL), Exploration Manager and Chief Geologist in various mining and exploration companies.

CHARLES L. FYFE A. Senior Business Advisor

Charles is a well-regarded Anglo-Peruvian financial and business consultant. Over the past 25 years he has worked extensively in mergers, acquisitions, divestitures, corporate finance, brokerage, and financial restructuring for major Peruvian mining companies as well as the Peruvian subsidiaries of European banks. He was also Director of the Lima Stock Exchange. Charles is currently Deputy GM of Minera Antapite S.A.C., a Peruvian gold/silver producer.

JAMES STEEL MBA, P.Geo. Senior Corporate Advisor

James Steel has 30 years of experience in mining exploration, production, and mining finance and investment. Previously he was VP and Portfolio Manager for TD Asset as well as a mining analyst for Newcrest Capital Ltd. in Toronto, and Ord Minnett Ltd. and S.G. Warburg and Co. in London, UK.



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