Directors

Michael E. J. Phelps, O.C., B.A., LL.B, LL.M, LLD.(Hons), Chairman of the Board of Directors

Mr. Michael E.J. Phelps is Chairman of Dornoch Capital Inc., a private investment company. In 2003, the Canadian government appointed Mr. Phelps as Chairman of "the Wise Persons' Committee", a panel developed to review Canada's system of securities regulation. From January 1988 to 2002, he served as President and Chief Executive Officer, and subsequently as Chairman and Chief Executive Officer, of Westcoast Energy Inc., Vancouver, BC. In 2001, Mr. Phelps was appointed as an Officer to the Order of Canada. Mr. Phelps sits on the Board of Directors of Canadian Pacific Railway Company, Spectra Energy Corp. (separated from Duke Energy Corp. January 2007), Fairborne Energy Trust and the Vancouver Organizing Committee for 2010 Olympic and Paralympic Games. He is currently Chairman of the Board of the GLOBE Foundation of Canada and Kodiak Exploration Limited. From 1997 to 2006 he served as Chairman of the Committee to Nominate the Canada Pension Plan Investment Board. Mr. Phelps also serves on the board of the VGH & UBC Hospital Foundation. Mr. Phelps is a Senior Advisor to Deutsche Bank AG, Canada.

Terrence King, BA, LL.B., Secretary and CEO

Terry brings 20 years of experience in corporate finance and securities to the Company. A resident of Vancouver, B.C., he serves as Corporate Secretary and legal counsel. He is former Chairman of the Securities and Natural Resources Subsection (mining, oil and gas) of the Canadian Bar Association. Terry is principal of Holmes & King, an association of law corporations.

William Chornobay, President

Bill is Kodiak’s founder and president, with 20 years of experience in mineral property acquisitions, corporate finance and managing exploration programs in the Americas, Africa and Southeast Asia. Bill is a leader and team builder who provides the overall vision for Kodiak. A firm believer in the mineral potential of North America, his vision and practical approach to exploration management is certain to build shareholder wealth.

Mr. Richardson is President and CEO of Octaform Systems Inc., a unique patented stay-in-place concrete forming system.  Founded in 1997, Octaform has developed numerous applications for its product in diverse markets.  This innovative PVC technology allows for design efficiency and flexibility that architects, engineers, and contractors demand.  Octaform's utility extends to all types of construction including agricultural, aquaculture, commercial / industrial, as well as residential and specialty projects.  Mr. Richardson has a B. Comm. Honours from the University of Manitoba.  He is a member of the Institute of Corporate Directors with the professional designation ICD.D.

Prior to pursuing his own endeavors, Mr. Richardson worked with James Richardson & Sons, Limited in the capacity of Manager Food and New Product Development, focused on value added processing in Western Canada.    Concurrent with and supporting his experience with the family enterprise, Mr. Richardson was actively involved in government lobby activities.  He was a founding member and director of the Asia Pacific Foundation and was co-leader in various government trade missions to Asia while on the Board of the Canada China Trade Council.

Mr. Richardson is a Director of Capital Alliance Group, parent company of CIBT Education Group Inc.  Formed in 1994, it is rated as one of the top ten foreign-owned MBA providers in China.  CIBT has three campuses in Beijing and two in Weifang City, Shandong Province.  CIBT has established itself as a leading educational provider of business and technology education, corporate training and other academic degree programs.

He is a Director Emeritus of Ducks Unlimited Canada following 20 years on that board and remains dedicated to serving several private, public, and philanthropic boards.

Tom Mullan, CA

Mr. Tom Mullan is a member of the Institute of Chartered Accountants of British Columbia and Manitoba (BC since 1964, MB since 1970).

Tom has over 35 years of accounting and financial, administrative and general business experience. He has public accounting experience with medium and large size public accounting firms and has over 20 years working in private industry.

Tom currently holds the position of the Chief Financial Officer for Investor First Financial Inc. and a group of associated corporations.

Robert John Harrington, M.Sc., P. Geo.

Mr. Harrington has over 28 years of experience in the minerals exploration and development industry. He started his professional career as an exploration geologist in the uranium industry where he worked in the western US and Canada for the Pichheney- Uranerz joint venture.  Mr. Harrington subsequently founded the private exploration and consulting companies Exploraciones Colorado-Argentina and Colorado Exploraciones-Chile, both of which were sold to exploration groups in those respective countries in the late 1980’s. From 1990 to 2000 he worked for Rio Tinto Corporation in South America where he held the positions of Exploration Manager, Technical Services Manager and, most recently, General Manager of Peruvian operations.  In 2000 Mr. Harrington joined Maurico Hochschild and Company (MHC), a Peruvian-based private mining company, as International Exploration Manger. During his tenure with MHC, in addition to exploration, he has been intimately involved with Business Development and New Opportunities Evaluation and Acquisition for this rapidly expanding privately held international company. He also was co-founder and remains a principal partner of I-cubed, a remote sensing and GIS service Company. Mr. Harrington holds a BSc. Degree in Geology from Colorado College and a MSc. Degree in Geology from the University of Colorado.

Hartley T. Richardson, Special Corporate Advisor

Hartley T. Richardson is President of James Richardson & Sons, Limited, a private, family-owned corporation with interests in the international grain distribution and related businesses, real estate development and management, and the financial and investment sector. Mr. Richardson serves as a Director of Angiotech Pharmaceuticals Inc., MacDonald Dettweiler and Associates, Railpower Technologies, SemBioSys Genetics Inc., and BA Energy Inc. He is the Chairman of the Business Council of Manitoba and a Director of the Canadian Council of Chief Executives. Other affiliations include The Trilateral Commission and the World Economic Forum Global Leaders of Tomorrow. Actively involved in a number of charitable endeavors and community organizations, Mr. Richardson served as Chairman of Winnipeg's United Way 2004 Campaign. The University of Manitoba conferred upon Mr. Richardson the honorary degree of Doctor of Laws in 2004. Mr. Richardson has been appointed to the Order of Canada.

Charles Beaudry, P.Geo, Geological Advisor

Mr. Charles Beaudry, M.Sc., P. Geo. obtained his Bachelor of Science in Geology at the University of Ottawa in 1979 and his Masters of Science in Geology from McGill University in 1984.  With over 28 years of experience in the field, Mr. Beaudry has participated in extensive mineral exploration throughout Saskatchewan, Nova Scotia and Quebec.  He has directed projects in both the Matagami District and Eastern Canada Region and led the discovery of the Tortigny VMS discovery as well as gold discoveries in the James Bay region of Quebec and was part of the discovery team of the Bell Allard deposit in Matagami while working for Noranda/Falconbridge Inc.   In addition, Mr. Beaudry led the discovery of the Orenada gold zone near Val d’Or while employed with Aur Resources Inc.  As an international expert, Mr. Beaudry has managed the Frieda River Project in Papa New Guinea in 2004-2005 and worked throughout Brazil as country manager for Noranda in 1996-2001, establishing a major land position in the Carajas, a world-class highly competitive mineral district. An expert in the metallogeny of VMS and IOCG deposits and in exploration geochemistry, he has acted as director and executive director of the board of administration of the Quebec Prospectors Association throughout 1994-1996 as well as serving as session co-chairman for Exploration-07: Fifth Decennial International Conference on Mineral Exploration during 2006-2007.