Building a leading gold company

Board of Directors

Lukas Lundin

Lukas Lundin

Born in 1958, Lukas Lundin graduated from the New Mexico Institute of Mining and Technology (engineering) in 1981. In 1982, Mr. Lundin headed International Petroleum Corporation’s oil and gas operations and was based in Dubai, U.A.E. for 12 years. From 1990 to 1995, he was President of International Musto Exploration Limited and was responsible for Musto’s acquisition of the Bajo de la Alumbrera deposit. His uninhibited pursuit of highly prospective properties around the world has resulted in numerous resource discoveries, including the multi million-ounce Veladero gold discovery. Mr. Lundin has also led several companies through highly profitable business acquisitions and mergers such as Lundin Mining Corporation's $3.3 billion merger with EuroZinc Mining, the $2 billion sale of Tanganyika Oil Company Ltd. and, in 2010, the $9.2 billion sale of Red Back Mining Inc. He currently sits on the Board of several publicly traded companies. Mr. Lundin is Chairman of Lundin Gold, a position he has held since 2014.

Ron F. Hochstein

Ron F. Hochstein

Mr. Hochstein, P.Eng., has a wealth of experience in the mining industry. Mr. Hochstein has worked for the Lundin family directly and as a consultant for over twenty years. Prior to becoming President and CEO of Lundin Gold, Mr. Hochstein served as President and CEO of Denison Mines Corp. (TSX, NYSE MKT) for seven years, having joined a predecessor company to Denison in 1999. Earlier in his career, Mr. Hochstein was a Project Manager with Simons Mining Group and worked at Noranda Minerals as a metallurgical engineer. Mr. Hochstein has a B.Sc. in metallurgical engineering and an MBA. Mr. Hochstein became President and Chief Executive Officer in 2014 and was instrumental in the acquisition of Fruta del Norte.

Tamara Brown

Tamara Brown

Ms. Brown is a mining industry professional with over 20 years of experience in the mining and financial sectors. She is currently Vice President, Investor Relations and Corporate Development (Americas) for Newcrest Mining. Formerly, she held the role of Vice President, Corporate Development for Primero Mining Corp. from 2015 to 2018 and was Vice President, Investor Relations for Primero from 2010 to 2015. Prior to this Ms. Brown was Director of Investor Relations for IAMGOLD Corp., an investor relations consultant for several junior exploration companies, partner of a boutique investment banking firm and a professional engineer in the mining industry. She graduated with a Bachelor of Engineering degree from Curtin University in Australia and has completed the Chartered Business Valuator course at York University.

Carmel Daniele

Carmel Daniele

Ms. Daniele is the founder and Chief Investment Officer of CD Capital Management Group Ltd., the fund manager of a number of private equity and mining funds, since 2006. Ms. Daniele has over 25 years of natural resources investment experience, 10 years of which were spent with Newmont Mining/Normandy Mining where she acquired various companies including LaSource SAS (a joint venture between BRGM and Normandy Mining). As Senior Executive (Corporate Advisory) at Newmont Ms. Daniele structured cross-border mergers and acquisitions including the US$24 billion three-way merger between Franco-Nevada, Newmont and Normandy Mining to create the largest gold company in the world. Post-merger, Ms. Daniele structured the divestment of various non-core mining assets around the world for the merchant banking arm of Newmont. Ms. Daniele started off her career at Deloitte Touche Tohmatsu where she spent 8 years in various corporate finance roles including international taxation, audit, accounting & reconstructions. Prior to the founding of CD Capital UK Ltd., Ms. Daniele spent a year and a half as an investment advisor to a London based Special Situations Fund on sourcing and negotiating natural resource private equity investments. Ms. Daniele holds a Master of Laws (Corporate & Commercial) and Bachelor of Economics from the University of Adelaide and she is a Fellow of the Institute of Chartered Accountants.

Ian Gibbs

Ian Gibbs

Mr. Gibbs currently serves as CFO of Josemaria Resources Inc. (TSX and Nasdaq Stockholm), a company with assets in San Juan Province, Argentina. Previously, he was CFO of Africa Oil Corp., a TSX and Nasdaq Stockholm listed Canadian oil and gas company with assets in Kenya and Ethiopia and Tanganyika Oil where he played a pivotal role in the $2 billion disposition to Sinopec International Petroleum. Prior to Tanganyika Oil, Mr. Gibbs was CFO of Valkyries Petroleum, which was the subject of a $750 million takeover. He is a Canadian Chartered Professional Accountant and a graduate of the University of Calgary where he obtained a Bachelor of Commerce degree.

Chantal Gosselin

Chantal Gosselin

Ms. Gosselin brings over 25 years of combined experience in the mining industry and capital markets. Her exposure to the financial markets is extensive; she recently held positions as Vice President and Portfolio Manager at Goodman Investment Counsel and Senior Mining Analyst at Sun Valley Gold LLP, along with various analyst positions earlier in her career. Ms. Gosselin has also held various mine-site management positions in Canada, Peru and Nicaragua, giving her firsthand experience in underground mine development and production, which will bring valuable knowledge and insight to the Company’s Board of Directors. Ms. Gosselin has a Masters of Business Administration from Concordia University and a Bachelor of Science (Mining Engineering) from Laval University and has completed the Institute of Corporate Director program. She currently serves on the boards of a variety of TSX-listed companies in the natural resource sectors.

Ashley Heppenstall

Ashley Heppenstall

Mr. Heppenstall is the Lead Director of the Board of Directors of Lundin Gold Inc., a position he has held since 2015. He previously served as the President, Chief Executive Officer and Finance Director of Lundin Petroleum AB, an oil and gas exploration and production company with core assets in Norway and South East Asia. Early in his career, Mr. Heppenstall worked in the banking sector where he was involved in project financing of oil and resource sector businesses. In 1990, Mr. Heppenstall was a founding director and shareholder of Sceptre Management Limited. Since 1993, Mr. Heppenstall has worked with public companies associated with the Lundin Group of Companies. In 1998 he was appointed Finance Director of Lundin Oil AB. Following the acquisition of Lundin Oil by Talisman Energy in 2001, Lundin Petroleum was formed, and Mr. Heppenstall was appointed President and Chief Executive Officer in 2002 until his retirement in 2015. Mr. Heppenstall obtained a degree in Mathematics from Durham University. He is also a director of Africa Energy Corp., Filo Mining Corp., International Petroleum Corporation, Josemaria Resources Inc. and Lundin Petroleum.

Craig Jones

Craig Jones

Mr. Jones currently serves as the Chief Operating Officer (Papua New Guinea) with Newcrest Mining Limited. Since joining Newcrest in December 2008, Mr. Jones has held various senior management and executive roles, including General Manager Projects, General Manager Cadia Valley Operations, Executive General Manager Projects and Asset Management, Executive General Manager Australian and Indonesian Operations, Executive General Manager Australian Operations and Projects and Executive General Manager Cadia and Morobe Mining Joint Venture and Executive General Manager of the Wafi-Golpu Project. Prior to joining Newcrest, Mr. Jones worked for Rio Tinto. Mr. Jones holds a Bachelor of Mechanical Engineering from the University of Newcastle, Australia.

Paul McRae

Paul McRae

Mr. McRae is a Corporate Director who has a distinguished global reputation in project and construction management in the mining industry for both surface and underground projects of all scales and complexities. His career spans more than 40 years and includes a track record on time and on budget project management of major underground investments for INCO including McCreedy East, Garson and Birch Tree projects; serving as Project Manager on the highly successful De Beers Victor Project in Northern Canada; and leadership of numerous other projects from conceptual through construction phases in Australia, Canada, Spain, Portugal and South America. He served as Senior Vice-President of Lundin Mining Corporation, a diversified base metals mining company, from 2012 to 2018. Prior to that, Mr. McRae was as a Project Manager at Amec Corp., a British multinational consultancy, engineering and project management company from 2009 to 2011.

Istvan Zollei

Istvan Zollei

Mr. Zollei is a Portfolio Manager at Orion Mine Finance, a mining-focused investment business providing flexible capital investment solutions to mining companies in the base and precious metals sector. Prior to Orion, Mr. Zollei was an investment manager for the Red Kite Group’s Mine Finance business. Previously, he worked at Barclays Capital’s natural resources private equity investment group, as vice president responsible for executing and managing growth equity investments in the mining, oil/gas, and power sectors. He spent a year working as VP of Finance and Commercial Operations at one of the portfolio companies. Mr. Zollei started his career at Lehman Brothers’ investment banking division. He earned his BA from Harvard College in Economics and his MBA from the Wharton School (University of Pennsylvania) in Finance and Management.

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TSX: LUG $ 8.18
OMX: LUG kr 57.9
Gold: $ 1622.12