The compensation committee determines overall compensation policies as well as the terms and conditions of service of (including the remuneration) for the President and other executives, and makes recommendations to the Board concerning the grant of options to officers.

The compensation committee members are Robert Cross (Chair), Eric Brown and Jonathan Harris.

Robert Cross has more than 15 years of experience in the international resource equity markets. He was formerly CEO of Yorkton Securities Inc. and Partner - Investment Banking of Gordon Capital Corporation. Mr. Cross received his Engineering degree from the University of Waterloo, Ontario (1982) and an MBA from the Harvard Business School (1987).

Eric Brown is a Chartered Accountant with several years experience as a director of both private and public Canadian companies. He has served on public company audit committees in the past. Eric possesses over 25 years experience in the financial services industry.

Jonathan Harris holds a degree in Chemical Engineering and an MBA from the London Business School. He has over 20 years international experience in a senior management capacity with various companies and currently runs his own consulting business in London, UK. As well as being a director of a number of privately held companies he has served on the boards of Eastern Platinum Ltd and Hard Ass.