Board of Directors

Eulalio B. Austin Jr.

Non-Executive Director

AGE: 57
CITIZENSHIP: Filipino
FIRST ELECTED DIRECTOR: May 18, 2010
LAST RE-ELECTED DIRECTOR: June 1, 2018

ACADEMIC BACKGROUND
Mr. Austin graduated from the St. Louis University- Baguio City, with aBachelor of Science degree in Mining Engineering and placed eighth atthe 1982 Professional Board Examination for mining engineers. He tookhis Management Development Program at the Asian Institute of Management in 2005 and his Advanced Management Program at theHarvard Business School in 2013.

BUSINESS AND PROFESSIONAL BACKGROUND/ EXPERIENCE
Mr. Austin has been a Director of the Company since May 17, 2012. Heis also a Director of Philex Mining Corporation ("Philex Mining") andPhilex Gold Philippines, Inc. since June 29, 2011. He became Presidentand Chief Operating Officer of Philex Mining on January 1, 2012 andPresident and Chief Executive Officer on April 3, 2013. He previouslyserved Philex Mining as its Senior Vice President for Operations andPadcal Resident Manager in 2011, Vice President and Resident Managerfor Padcal Operations from 2004 to 2010, Mine Division Manager(Padcal) from 1999 to 2003, Engineering Group Manager in 1998 andMine Engineering & Draw Control Department Manager from 1996 to1998. Mr. Austin concurrently serves as Chairman and Director ofSilangan Mindanao Mining Co., Inc. Outside of Philex Mining, he servesas a member of the Chamber of Mines of the Philippines' NominationsCommittee and Board of Trustees. Mr. Austin also sits as a member ofthe Executive Committee of the Board of Trustees and the Chairman ofthe Towards Sustainable Mining Initiative Committee. He likewiseserves in the Board of Directors of the Philippine Society of MiningEngineers ("PSEM"), and was Founding President of PSEM's PhilexChapter. He was awarded as the CEO of the year on Mining by TheAsset last December 14, 2015 in Hong Kong and was recently an AsiaPacific Entrepreneurship Awardee by the Enterprise Asia, awardedNovember 2016.

LISTED COMPANIES OF WHICH MR. AUSTIN IS PRESENTLY A DIRECTOR
Philippines
  1. PXP Energy Corporation
  2. Philex Mining Corporation