Directors

Director David was one of the founding shareholders and has been the CEO of QGX since its inception. Mr. Anderson has worked in the mining and exploration industry since 1974. He has a Diploma in Geology and a B.Sc. in Geophysics. In 1986, after 12 years of contract geophysical work throughout the world, Mr. Anderson co-founded Quantec Geoscience Ltd. ("Quantec"). Quantec specializes in the development and application of advanced geoscience technologies. In 1991 Mr. Anderson was invited to Mongolia to meet with local geoscientists and discuss the possibility of assisting in the privatization of the government geologic service branch. His initial trip to the country took place in October 1991.

In the early 90’s Mr. Anderson and his associates recognized the mineral potential of Southern Mongolia, specifically in the Gobi Desert. This led to the acquisition in 1994 of the first mineral exploration license by a western company in Mongolia and the founding of QGX. Mr. Anderson assumed the position of CEO and during the next four years the company successfully identified the three advanced exploration properties that have been joint-ventured with Ivanhoe Mines Ltd.

David Anderson is a founder and director of Antares Minerals Inc.

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Director Dr. Paul L. Zweng has blended a technical and financial background in exploration and mining over the past 21 years. Currently Dr. Zweng is the Chief Operating Officer of QGX Limited, a TSX-listed exploration company with mineral projects in Mongolia. QGX’s flagship project, Golden Hills (Cu-Au-Ag), recently became the fourth hard-rock mineral discovery in Mongolia after Erdenet (Cu-Mo), Boroo (Au), and Oyu Tolgoi (Cu-Au).

Dr. Zweng was a Research Analyst and later Partner at Palo Alto Investors, a hedge fund based in California from 1999 until end 2003. While at Palo Alto Investors, Dr. Zweng conducted due diligence and lead investment decisions on mining and exploration as well as technology companies. He was featured twice in Barron’s “Plugged In” column (31 Aug 1999; 6 Sept 1999).

Dr. Zweng also was the winner of the last Wall Street Journal “Heard in California” stock-picking contest (Jan-Jun 2000: 17.4%) before the contest was discontinued. Dr. Zweng led BHP Copper’s new business development efforts in the Copperbelt of Africa from 1997 until 1999. He formulated BHP Copper’s African strategy, conducted financial and technical evaluations of African copper projects, developed business relationships with DR Congo and Zambian government officials, and recommended asset acquisitions to senior management. These efforts led to BHP securing the Tenke Fungurume project, one of the world’s richest and largest copper-cobalt deposits.

From 1995 until 1997, Dr. Zweng was the Manager of Exploration & Geology of BHP’s Cu-Au-Ag mine, Tintaya, Peru. He helped to grow Tintaya into one of the world’s largest copper skarn districts by discovering over 150 million tonnes of high-grade ore, including enough copper oxide ore to build an SX-EW facility. He managed the mine geology and annual budgets of >$10 million with workforce of over 80 employees and contractors.

Dr. Zweng was the founder, CEO and Chairman of Patagonia Exploration, a California-based exploration company focused on mineral exploration in southernmost Chile and Argentina. During 1988-1995, Dr. Zweng discovered two mineral prospects, with one optioned to Echo Bay Mines.

He received two B.Sc. degrees with distinction in Geology and Applied Earth Sciences (Mineral Economics) from Stanford University (California) in 1980, a M.Sc. degree in Geology from Queen’s University (Ontario) in 1984 and a Ph.D. in Applied Earth Sciences (Ore Deposits) from Stanford University (California) in 1993. Dr. Zweng has published several articles and abstracts on geology and ore deposits in two languages in scientific journals.

Dr. Zweng is a director and founder of Antares Minerals Inc.

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