CARPATHIAN GOLD INC.

Mr. Peter Lehner – Chairman, Director
Mr. Lehner has been an independent entrepreneur since 2002 involved with companies in tourism, natural resources and organic products. He was previously the Managing Director of Addax and Oryx Advisory Services and a director of Axmin, a gold exploration company with an African focus.

Mr. Dino Titaro – Director, President and Chief Executive Officer (CEO)
Mr. Titaro P. Geo., is a geologist based in Canada and has extensive experience in the mining and exploration sector. Since 1989, Mr. Titaro was President and CEO of A.C.A. Howe International, a geological and mining consulting firm that has worked on projects throughout the world. Currently, Mr. Titaro is a director of Yamana Gold has been a director and officer of several public-traded companies in the mining, industrial and health care technology fields.

Julio Carvalho – Director
Mr. Carvalho has over 35 years experience in the Brazilian mining sector, including senior positions with Peak Gold Limited, Goldcorp Inc, Canico Resource and Rio Tinto Brazil. He is currently the Chairman and CEO of Rio Novo Holdings S/A which owns two developing gold projects in Brazil.

Mr. Patrick J. Mars – Director
Mr. Mars is a Chartered Financial Analyst based in Canada. Mr. Mars is an independent consultant specializing in mine financing and analysis and benefits from over 30 years of experience in the Canadian investment industry. For the majority of his career he was with Alfred Bunting & Co/Bunting Warburg, a Canadian investment dealer and stockbroker where he was President and CEO from 1981 to 1994. During this time he served 3 year terms both as a Governor of the TSE and Director of the IDA From 1999 to 2001, he was Chairman and a Director of First Marathon Securities (UK) Ltd/NBC Financial (UK) Ltd. Presently, Mr. Mars is a director of Yamana Gold, Aura Minerals (Chairman), Sage Gold (Chairman), Endeavour Financial and Selwyn Resources as well as being President of P.J.Mars Investments Limited, a private company.

Mr. John W. Hick – Director
Mr. Hick is a corporate director and President & CEO of his own consulting firm, John W. W. Hick Consultants Inc. He is the Chairman of the Board of Silver Eagle Mines Inc. and held a number of senior management positions with several mining companies, including TVX, Defiance Mining, and most recently Rio Narcea Gold Mines Ltd. where he was the Chief Executive Officer.

Mr. Guy Charette – Director
Mr. Charette is a Corporate Finance and Securities Lawyer based in Canada. Mr. Charette has over 20 years experience in the business structuring and financing of domestic and international mining and exploration projects. He has acted as Chairman, CEO, and Director for several public-traded mining companies. From 1993 to 2000, Mr. Charette was CEO of Bay Merchant Group. He is co-founder of Charette-Nantel Attorneys LLP, a corporate finance law firm located in Montreal, Quebec, Canada.

Mr.Daniel B.J. Kivari – Chief Operating Officer
Mr. Kivari, P. Eng., is a senior mining executive with a degree in Metallurgical Engineering and over 37 years of international experience in all aspects of mine operations, engineering, construction and development. Most recently he was Regional General Manger for Western Canada and Nunavut for Agnico Eagle Mines Ltd. and prior to that position, Vice President of Operations for Yamana Gold Inc. Mr. Kivari has also held senior engineering positions with the consulting firms of Kellogg Brown & Root/Colt Engineering and SNC-Lavalin. He has worked extensively throughout Latin America, Canada, Australia and the USA.

Mr. Randall K. Ruff – Executive Vice President, Exploration
Mr. Ruff is a geologist with a BSc in geology and MSc in geochemistry of ore deposits. He is presently based in Romania and has over 10 years experience in exploration in the Western U.S., East and West Africa, and Central Europe. Mr. Ruff has been acting as the Exploration Manager for Carpathian Gold in Hungary and Romania since 1999. He was previously with SAMAX Gold where as a project geologist he oversaw the fast-track discovery-to-pre-feasibility advancement of the Kukuluma and Matandani gold deposits at Geita, Tanzania.

Linda Prager - CFO and Secretary
Ms. Prager is a CA who has worked for Carpathian as its controller since Incorporation. She has over 10 years accounting and financial experience with a number of private companies and has been involved in the start up of several public companies.

Mr. Alexandru Nicolici – Managing Director SAMAX Romania S.R.L.
Mr. Nicolici is a Geologist and co-founder of SAMAX Romania SRL, and benefits from 20 years experience in Romania as a geologist and manager. He is based in Romania and has previously held the position of CEO of CUART SA, the regional state-owned exploration company in Romania. In addition, previously Mr. Nicolici has acted as Exploration Manager for SAMAX Gold Inc. in Congo, Africa.