The following five individuals shall be members of the board of directors of Calone:

Professor Arthur T. Porter (Snr.), M.R.S.L., M.A., Ph.D., D.H.L., D. Litt.

Professor Arthur T. Porter is one of Sierra Leone’s leading academics. A graduate of the Fourah Bay College in Sierra Leone with a B.A. from the University of Durham, England and from Cambridge University, Dr. Porter has had an important academic career serving as Professor and Principal of the University College Nairobi, the University of East Africa and as Professor of History and Vice Chancellor of the University of Sierra Leone.

The Hon. Dr Arthur T Porter, PC MD

The Honourable Dr. Arthur T. Porter PC MD was recently elected to the board of directors of the Company held on June 19th, 2009 (see News Release dated June 22nd, 2009 for complete biography) and will be working closely with Calone Board members on matters related to corporate governance and corporate social responsibility (“CSR”). Dr. Porter will act as Chair of Calone.

Vincent Kanu, GOOR

Vincent Kanu was born in Makeni, Sierra Leone where he has an accomplished career in its petroleum and mining sectors.

J. David Allen, MA MBA

Mr. Allen has a corporate and entrepreneurial career spanning over thirty years. In 2002, he created a joint venture business, Populus Group, between himself and Allegis Group, a Sierra Leonean privately owned contract staffing company. Mr. Allen also served as its Chairman and CEO for five years while establishing and developing comprehensive contracts with leading fortune 500 companies such as General Motors, Johnson Controls Inc., and Lear Corporation.

Glenn J. Mullan P. Geo. (B.Sc.)

Mr. Mullan is a founder and principal of each of Canadian Royalties Inc. (CZZ: TSX) and Golden Valley Mines Ltd. (GZZ: TSX-V), two Canadian-based public mining companies. Mr. Mullan holds a B.Sc. (Geology) and has 30 years of experience in the mining and mineral exploration industries. Mr Mullan is the Chair of the Board and President & C.E.O. of Golden Valley Mines Ltd., positions he has held since forming the Company in August 2000. He is also the Chair of the Board of Directors and CEO of Canadian Royalties.