Mr. Guy Charette , Director, Interim Chief Executive Officer

Mr. Charette is a Corporate Finance and Securities Lawyer with over 25 year’s 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 subsequently co-founded Charette-Nantel Attorneys LLP, a corporate finance law firm located in Montreal, Quebec, Canada which merged with a major national law firm in 2006. Mr. Charette left the practice of law in 2010 to join Carpathian on a full time basis.

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 18 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.

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.

Mr. Michael Kozub , General Counsel and Corporate Secretary

Mr. Kozub is a lawyer with more than 10 years of experience primarily in the fields of corporate, commercial and securities law. Prior to joining Carpathian, he was in private practice where he acted for a number of publicly listed companies. Mr. Kozub is a member of both the Law Society of Upper Canada and the Barreau du Québec.

Mr. Rishi Tibriwal , (CFO)

Mr. Tibriwal, CA, MBA, CFA has over 16 years of public accounting experience working primarily with publicly listed companies in progressively senior roles. Most recently, Mr. Tibriwal was the CFO at Melior Resources Inc, an investment company focussed on developing resource based opportunities. Prior to his role at Melior Resources, he was a partner in the audit practice at Ernst & Young, Toronto, and primarily worked with clients in the resources, utilities, manufacturing and retail industries. Mr. Tibriwal’s experience includes assisting companies with large transformational changes, including IPOs, reverse takeovers, secondary public offerings for both debt and equity as well as mergers and acquisitions, carve outs and with resolving complex accounting and financial reporting issues.