Peter Marrone; Chairman of the Board of Directors

Mr. Marrone founded Yamana as President and Chief Executive Officer in July 2003 and was appointed Chairman of Yamana in May 2007. Mr. Marrone has more than 25 years of business and capital markets experience and has been on the boards of a number of public companies and advised companies with a strong South American presence. Mr. Marrone holds a Bachelor of Laws degree. Mr. Marrone also sits on the board of Aura Minerals Inc. and the York University Foundation.

Antenor Silva Jr.; Chief Executive Officer and Vice Chairman

Mr. Silva recently retired from a very successful career at Yamana, where he was President and Chief Operating Officer. Mr. Silva has more than 40 years of experience in the mining and chemical industries, having worked in various roles including executive management, operations, research and development, engineering and construction. He is known as one of the pioneers in research and development for metallurgy and engineering for mining projects in Brazil. Mr. Silva also helped to develop an innovative metallurgical process that permitted the concentration of lower grade phosphate rock into a high grade concentrate. This process has led to the highly profitable development and growth of phosphate fertilizer production in Brazil. Mr. Silva holds a B.Sc. in Mining Engineering from Universidade de Sao Paulo.

Leonardo Marques da Silva, B.Sc; Director

Mr. da Silva has extensive experience in agriculture, fertilizers, sales and distribution. Mr. da Silva acquired and was responsible for the exploration and development of Itafós in 2003. Prior to joining Itafós, he was a partner and director of a medium-sized soft drink manufacturer with five plants in central and north-eastern Brazil. Prior to that, Mr. da Silva was a partner and CEO of a sand and stone producer for civil construction with headquarter in Brasilia DF.

Alexander Davidson; Director

Mr. Davidson recently retired as the Executive Vice President Exploration and Corporate Development of Barrick Gold Corporation. A geologist with over 25 years of worldwide exploration experience, his outstanding accomplishments was recognized in his receiving the A.O. Dufresne Award in 2005 and being named Prospector of the Year in 2003.

Denis Arsenault, CA; Director

Mr. Arsenault was the Chief Financial Officer of Central Sun Mining Inc. (formerly Glencairn Gold Corporation) until March 26, 2009. Prior thereto, from 2001 to 2006, he was Vice President, Finance and Chief Financial Officer of Orbus Pharma Inc. Mr. Arsenault has held senior financial positions in a range of sectors, including mining and resources, communications, truck trailer manufacturing and life sciences. He began his career with KPMG in 1981, later joining Maclean Hunter Ltd.’s Key Radio Limited. In 1985, he founded Wasserman Arsenault, Chartered Accountants, and in 1995 became Vice President, Finance and Chief Financial Officer for Mond Industries (Trailmobile Canada Ltd.). Mr. Arsenault holds a Bachelor of Commerce from the University of Toronto. Mr. Arsenault is a Chartered Accountant with more than 27 years experience and has been a director of a variety of public and private companies and has sat on the Audit Committee of most of these companies. As a result, he has gained an understanding of accounting principles and the ability to analyze and evaluate the financial statements of the Resulting Issuer.

Hon. David R. Peterson; Director

Mr. Peterson is a director of a number of public and private companies including Rogers Communications Inc., Franco-Nevada Corporation and Shoppers Drug Mart Corporation and was the Founding Chairman of the Toronto Raptors Basketball Club Inc. and Chapters Inc. Mr. Peterson is or was a director or active with a number of charitable, educational and environmental organizations including Chancellor of the University of Toronto, a director of St. Michael’s Hospital and the Shaw Festival, was Chairman of the successful Toronto Bid for 2015 Pan Am Games, Honorary Chairman of the Ontario March of Dimes, the Ontario Canada Day Committee, Canadian Club, Cercle Canadien, Council for Canadian Unity, Young President’s Organization, World President’s Organization, the Society for Educational Visits & Exchanges in Canada, Frontier College, Peter Lougheed Medical Research Foundation, Canadian Medical Hall of Fame, Magnetic True North Theatre, West Park Health Centre and Toronto Abuse Centre as well as being on the Advisory Board of the Coady International Institute and the Steering Committee of the Toronto City Summit Alliance.

Brian Hayward; Director

Mr. Hayward is an experienced senior executive, recognized within the business community and agricultural industry for driving large scale financial and cultural change. He has extensive experience in and knowledge of commodities and corporate finance. From 1991 to 2007, Brian was the CEO of Agricore United and its predecessor firm United Grain Growers. Agricore United was one of Canada’s largest agribusiness firms, with operations in grain merchandising, retail crop inputs and fertilizer, and agricultural financial services. He is the founder and President of Aldare Resources, through which Brian has been active in providing a range of services including providing directorship services and related expertise to public companies, private companies, crown corporations, advisory boards, and not-for-profit organizations. He has acted as Chairman of the Board and served as a member of the Audit Committee, Human Resources Committee, Governance Committee and other Special Committees of various public and private companies.

Ralph Judah; Director

Mr. Judah is a senior partner at Monitor Group, a global consulting firm. He also served as a Director of the Monitor Group for two terms. He is currently engaged in restructuring a major copper mine company and developing a global exploration strategy for a Brazilian mining company. Prior to joining Monitor Company, Ralph practiced law in Johannesburg focusing on mineral rights and mergers and acquisitions and then was a Partner and Vice President of Bain and Company in Boston where he worked in Strategy. In his role as an Officer of Bain and Company, he led their Global Manufacturing practice and managed major client relationships in various industries, including mining. Ralph has worked all over the world, and lived in Europe, Africa and North America. He has also served as the Chairman of the Board of Monitor Africa and of Countess York Holdings, a subsidiary of Abbey Holdings, a Boston based investor group. He also served a partial term as a Director of Angra Holdings, a Brazil based private equity group.