Management

GORDON D. WATTS
P.Eng., B.A.Sc. (University of Toronto) – Age 66
Chairman of the Board
Mr. Watts has over 30 years of experience in the mining industry in exploration, development and operations much of that with Watts, Griffis and McOuat, a Canadian-based firm of independent consulting geologists which has been serving the needs of the international mining community since 1962. He has specialized in the economic analysis of mining ventures and the development and application of computer systems to mining-related problems. Mr. Watts’ varied mining background also includes underground operations (cut and fill and sublevel caving), exploration, mine design and feasibility studies. Mr. Watts was until recently a director of Baffinland Iron Mines Corporation, a TSX listed company. Based on his professional qualifications and experience, Mr. Watts is a “qualified person” as defined in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) of the Canadian Securities Administrators.

BRIAN BERNER
H.B.B.A. (Wilfrid Laurier University) – Age 57
Chief Executive Officer and Director of Cuervo
Mr. Berner has been the owner and President of Berner & Company Inc., a capital markets consulting firm, since 1998. The firm provides advice on raising capital, corporate strategy and investor relations for junior resource companies. Between 1976 and 1998, Mr. Berner held positions in the securities industry specializing in fixed income and bond trading.

JOHN M. SIRIUNAS
P.Eng., B.A.Sc., M.A.Sc. (University of Toronto) – Age 57
President, COO, Director and Secretary of Cuervo
Mr. Siriunas is actively involved in all aspects of the business of Cuervo and will continue to devote approximately 90% of his time, on average, to the business of Cuervo as an independent contractor. Mr. Siriunas has carried on business as an independent consultant to the mining industry since 1979. Mr. Siriunas also currently serves as a director of other reporting issuers (Shield Gold Inc., GoldTrain Resources Inc., N.W.T. Copper Mines Ltd.). Based on his professional qualifications and experience, Mr. Siriunas is a “qualified person” as defined in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) of the Canadian Securities Administrators and is considered by the Corporation to be its primary qualified person. As the designated qualified person for Cuervo under the definition of NI 43-101, content for this website has been prepared under Mr. Siriunas’ supervision.

BRIAN M. CLONEY
CA ACC – Age 67
Chair of the Audit Committee and a Director of Cuervo
Mr. Cloney has over 30 year’s financial and accounting experience including the audit of Noranda Mines. He recently successfully completed the Audit Committee Certified course from the Directors College McMaster University, Conference Board of Canada (Corporate Governance issues). Mr. Cloney has been a Director of HMZ Metals Inc., a TSX listed company.

KENNETH J. HELLSTEN
B.Sc.(Hons.) (Monash University) - Age 55
Director of Cuervo
Mr. Hellsten is the Managing Director of Strike Resources Limited and has been a non-executive director of Heron Resources Limited since 2006 and Brierty Contracting Limited since 2010. Mr. Hellsten has an extensive managerial and exploration background related to iron ore and nickel projects including many years of service with Billiton Australia and BHP Billiton. He is a Fellow of the Australian Institute of Mining and Metallurgy (AusIMM) and a Member of the Australian Institute of Company Directors (AICD).

PROFESSOR MALCOLM R. RICHMOND
Age 67
Director of Cuervo
Professor Richmond is the Chairman of Strike Resources Limited. Professor Richmond is a Visiting Professor at the University of Western Australia, seconded jointly to the Gradute School of Management and the School of Engineering. Professor Richmond has spent much of his career with the Rio Tinto Group; immediately prior to his retirement he held the position of Managing Director Development of Hamersley Iron Pty Limited, Executive Director of Hamersley Holdings. He has previously served as Deputy Chairman of the Australian Minerals Research Council. Professor Richmond is a Fellow of AusIMM and a Fellow of the Australian Academy of Technology, Science and Engineering.

ERWIN T. SPECKERT
M.B.A. (Queens University), H.B.Sc. (University of Western Ontario) – Age 49
Director of Cuervo
Mr. Speckert has over 25 years of experience in the financial industry, including wealth management for public institutions and private individuals. His career began at the Toronto office of a large Swiss bank, with which he later moved to its Zurich head office. After 5 years there, he was hired to build the equity management capability for a boutique institutional asset management firm. During his 9 years there, assets under management grew from several hundred million to over 3 billion. Since 2004, Erwin has been focused on wealth management for private individuals. As well, Erwin has guided a number of businesses to success through venture capital financing.

Advisory Board

VELASQUEZ SPRING
Velasquez Spring has 45 years of experience in the mineral industry with a solid background in the planning and managing of exploration programs, due diligence, feasibility studies, and valuations of both large and small deposits, and operating mines. The experience has been worldwide but includes extensive work in South America with Watts, Griffis and McOuat, Noranda Exploration Co. Ltd. and Eluma S.A. Industria e Comércio. Mr. Spring’s experience also includes dealing with governments at all levels, diplomatic offices and institutional organizations and covering deposits of precious and base metals, iron, nickel, uranium, manganese and a suite of industrial minerals. Based on his professional qualifications and experience, Mr Spring is a “qualified person” as defined in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) of the Canadian Securities Administrators.