## Officers and Directors 

## OFFICERS 

Philip Adeane , Chairman & Director – Mr. Adeane, a British national, was responsible in the 1960s and 1970s for the management of the interests and investments of the Drayton Group of Investment Trusts in Central and South America, principally in the rail transportation sector. He was also a director of various investment trusts managed by the Drayton Group and its successor, Montagu Investment Management Limited, from 1968 to 1982. Since 1979, Mr. Adeane has been managing director of Antofagasta Plc (listed on The London Stock Exchange) which has developed both gold and copper mining operations as well as rail transportation and industrial holdings in Chile. Antofagasta Plc is now one of the top ten copper producing companies in the world with its world class Los Pelambres mine. Mr. Adeane became a non-executive director of SAMAX Resources Limited in 1994 and of SAMAX Gold Inc. in 1996. He has been a non-exec- utive director of AXMIN Limited since July 1999 and was elected Chairman in October 2000. Mr. Adeane was appointed Chairman and a director of AXMIN Inc. in November 2001. 

Dr. Michael Martineau , President & Director – Dr. Martineau, a British national, graduated as geologist from Oxford University, is a Fellow of the Institute of Mining and Metallurgy and has over 30 years experience in the international mining industry. After an initial career with Kennecott Copper Corporation, Dr. Martineau joined BP Minerals International Limited in 1977, becoming General Manager (Exploration) in 1980. In 1983, he was seconded to Seltrust Mining Corporation in Australia as Director (Exploration). From 1987 to 1989, he was Director (Minerals) for Cluff Resources Plc. In 1989, Dr. Martineau founded SAMAX Resources Limited with the backing 

of The Addax and Oryx Group Limited. The company listed on The Toronto Stock Exchange as SAMAX Gold Inc. in 1996 with Dr. Martineau as President and Chief Executive Officer. Following the acquisition by Ashanti Goldfields Company Limited of SAMAX Gold Inc. in 1998, Dr. Martineau co-founded AXMIN Limited. He became a director of AXMIN Limited in March 1999 and was appointed President and a direc- tor of AXMIN Inc. in November 2001. Dr. Martineau is currently a director of several other resource companies including Ashanti Goldfields Company Limited. 

Dr. Jonathan Forster , Chief Executive Officer & Director – Dr. Forster, a British national, graduated in geology from the University of Birmingham and gained a PhD from the University of London, has an MBA from the Cranfield School of Management and is a Fellow of the Geological Society of London. He acquired seven years varied mineral exploration experi- ence with BP Minerals, South African Iron and Steel Corporation and RF Loxton Venn & Associates in Africa and Indonesia and was for three years a Senior Resource Analyst at a firm of London stockbrokers, prior to joining SAMAX Resources Limited in 1992. Dr. Forster was Exploration Manager, West Africa from 1992 until taking on the position of Group Exploration Manager for SAMAX Gold Inc. in 1997 where he was responsible for exploration and proj- ect evaluation in west, central and east Africa, including Tanzania. Following the acquisition by Ashanti Goldfields Company Limited of SAMAX Gold Inc. in 1998, Dr. Forster co-founded AXMIN Limited and was the General Manager prior to taking on the position of Chief Executive Officer in January 2001. He became a director of AXMIN Limited in January 2001 and was appointed Chief Executive Officer and a director of AXMIN Inc. in November 2001. 

Craig Banfield , Chief Financial Officer – Mr. Banfield, a British national, graduated from the University of Lancaster in 1987 with an MA in Accounting and Finance and qualified as a Chartered Accountant in 1991. He worked for a number of accounting firms until 1994, when he joined SAMAX Resources Limited as Financial Controller and Company Secretary. Mr. Banfield was a key member of the team which listed SAMAX Gold Inc. on The Toronto Stock Exchange in 1996. Following the acquisition by Ashanti Goldfields Company Limited of SAMAX Gold Inc. in 1998, Mr. Banfield has been Finance Director for a mobile telecommunications manufacturer and in 2000 established a consultancy offering professional services to the resource industry. Mr. Banfield was appointed Chief Financial Officer of AXMIN Limited in April 2001 and of AXMIN Inc. in November 2001. 

## DIRECTORS 

Michael Coulter , Director & Secretary – Mr. Coulter, a Canadian national, has over 20 years of management experience in the international min- ing industry, and as President of M.D. Coulter & Associates Inc. provides administrative, accounting, secretarial and securities regulation compliance services to Canadian public compa- nies. Mr. Coulter has been a director of AXMIN Inc. since December 1995 and held the post of President until November 2001. 

Michael Ebsary , Director – Mr. Ebsary, a Canadian and British national, graduated from Queen’s University with an MBA in Finance and Accounting after having obtained a BA in Mathematics. After working in the retail banking sector in Canada with the Bank of Nova Scotia, Mr. Ebsary transferred to London and worked in the corporate banking team of the Bank of Montreal. In 

