The company was created via inward listing of Gold One – formerly BMA Gold - on the JSE and the subsequent acquisition by Gold One of all the issued ordinary shares in Aflease by way of a scheme of arrangement. The company’s vision is to be the preferred gold exploration, development and mining company, aiming to provide superior returns to investors in global markets, supportive of junior gold mining companies. The company believes that value accretive geographical diversification is also key to managing risk and in line with this strategy will continue to review opportunities in its targeted destinations of Australia, North America and Southern Africa.

Ilja D. Graulich - VP Corporate Affairs

Ilja started his career in financial journalism at Business Day, where he worked as a market reporter and mining editor, quickly moving up to the position of Companies and Markets editor. While completing his tertiary studies at GIBS Business School, Ilja joined PR consultancy Brunswick. This was followed by a five year tenure as Head of Investor Relations and Communications at DRDGold, culminating in his appointment as Strategic Development Officer, while holding non-executive board positions in Emperor Mines, Goldmoney.com and Rand Refinery Limited. Following a year as Vice-President: Investor Relations for NASDAQ listed IT company Net 1 UEPS Technologies; Ilja formed his own consultancy, Lucidity, assisting junior mining companies with their communications needs to both the media world and the SA and international investor communities. His then client, Gold One International approached him in August 2009 to take up a full-time position with the company as Vice President Corporate Affairs.

The Group’s 2008 attributable gold production was c.393,600 oz, making it Russia’s third-largest gold producer by production volume for that year. Attributable gold production for the first six months of 2009 was c.222,600 ounces and the Group is confident that it is on-track for delivery of its target 5000,000 ounces production for full year 2009.

Peter Hambro

Peter Hambro is one of the co-founders of the Company and has been Chairman of the Group since its formation in 1994. He started his banking career with his family bank and became Joint Managing Director of Smith St. Aubyn Holdings Ltd. before joining the Mocatta Group, the world's largest bullion traders, as Deputy Managing Director of Mocatta & Goldsmid Limited and Group Marketing Director.

The project in Brazil is referred to as the RDM Gold Project which hosts a NI 43-101 resource of 1.3 million ounces (in all resource categories) of which 1.0 million falls within an open pit. A recently completed Preliminary Economic Assessment on the open pit portion of the resource only, indicated the project can be 6,000 t/d, convention CIL operation producing an average of 102,000 ounce per year for an initial mine life of 7.1 years. At a gold price of $900 gold the project has an after tax NPV5 of US$123.3 million and an after tax IRR of 32%. Carpathian is quickly advancing this project to the feasibility and production stage with management expectation of commencing production in early 2011. In Romania, Carpathian has discovered a world class size gold-rich, copper porphyry system. The global mineral resource (NI 43-101 compliant) of this system, based on drilling results from 2006 through 2008, totals 10.7 million gold equivalent ounces (all resource categories) of which 7 million is gold only. A preliminary economic assessment is being completed and is expected in late 2009. The object of the PEA is to evaluate the early release of the higher grade gold and copper mineralization utilizing standard flotation process that could commence production in 2012/13. Carpathian has extensive exploration and operation teams in both Brazil and Romania working towards the advancement and development of these two projects.

Peter Hambro

Mr. Titaro has been the President and CEO of Carpathian Gold Inc. since January 2003. He is a geologist based in Toronto, Canada and received his M.Sc. in geology from the University of Western Ontario in 1980. He is also a P.Geo. as defined by N.I. 43-101. He has extensive experience in the mining and exploration sector on a global scale. From 1989 to 2003, 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 publicly-traded companies in the mining, industrial and health care technology fields.

Don Dudek, Senior Vice President

Don Dudek is the Senior Vice President, Exploration of Avion Gold Corporation. Mr. Dudek, P. Geo. has held increasingly senior roles with junior to senior exploration and mining companies over the past 25 years. Most recently Mr. Dudek served as Exploration Manager for Aur Resources Inc. which provided him the opportunity to evaluate 100’s of grass roots to advanced projects in Latin America and Africa. During his career Mr. Dudek was part of the team that discovered 7 new base and precious metal deposits in Canada, one of which has been mined. He also supervised work at Teck Cominco’s high profile La Verde Cu-porphyry deposit in Mexico. Mr. Dudek holds a B.Sc. Geology (Honors) from the University of Saskatchewan, Canada.