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Karora Resources Inc.

The New Karora Resources has a new management team around Paul Huet formed and is processing at their centrally located mill. For H2-2019 they have a production guidance of 42,000 – 49,000 ounces gold at AISC of US$1,150 - $1,250 per ounce. Plan is to be a +100,000 ounce producer in the next years and growing. The balance sheet has improved a lot with Q3-2019 cash at 25 Mio $. They run an ongoing aggressive cost reduction program. Karora Resources runs the Beta Hunt and the Higginsville Mine and does additional toll milling.

Karora Resources Inc. - Page 20 of 21
141 Adelaide Street West, Suite 1608
Canada, Toronto M5H 3L5
Phone: 416-363-0649
NamePositionYear BornPay
Mr. Paul Andre Huet Acc.Dir.Exec. Chairman & CEO1969738.151k
Mr. Graeme SloaneManaging Director of Australian OperationsN/A413.393k
Mr. Timothy Hollaar C.A., CPA, B.A., CPA, CAVP of Fin. & Corp. Sec.1961349.728k
Mr. Barry L. Dahl Acc.Dir.Chief Financial Officer1964N/A
Mr. Michael Benjamin Doolin Acc.DirSr. VP of Technical Services1962N/A
Mr. Rob BuchananDirector of Investor RelationsN/AN/A
Mr. John Joseph Leddy B.A., L.L.B.Sr. Advisor - Legal & Strategic Matters1968N/A
Mr. Oliver TurnerExec. VP of Corp. Devel.N/AN/A
Mr. Paul MattinenConsulting Geologist1946N/A
Dr. Robert SalterConsulting MetallurgistN/AN/A
Employees: 210

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