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.

Director Dr. Paul L. Zweng has blended a technical and financial background in exploration and mining over the past 25 years.  Most recently Dr. Zweng was the COO and later President/CEO of QGX Ltd, a TSX-listed company with mineral projects in Mongolia.  During this period, QGX developed the Baruun Naran coking-thermal coal project, southern Mongolia, into a 253 Mt measured and indicated resource with a positive pre-feasibility study (after-tax NPV (10% discount rate) of US$499 million).  QGX at this time also made an important discovery at Golden Hills, the fourth largest copper deposit ever discovered in Mongolia after Oyu Tolgoi, Erdenet, and Tsagaan Suvarga. In September 2008 QGX was acquired by the Kerry Group (Hong Kong) for C$270 million, delivering substantial returns to shareholders.

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.

Mr. John Black, who became the founding President of Antares Minerals Inc in May of 2004, is an economic geologist with more than 20 years of exploration experience in South America, North America, Central Asia, the SW Pacific, and Eastern Europe/Western Asia. Mr. Black received a B.Sc. degree in Geology from Stanford University in 1983 and an M.S. degree in Geology - Ore Deposits Exploration from the same University in 1988.

From 1981-1993 Mr. Black worked for Bear Creek Mining Company and Kennecott in North America and Mexico. He was involved in a wide variety of projects and programs including the delineation drilling of the Rawhide low sulfidation epithermal Au-Ag deposit in Nevada and the Mulatos high sulfidation epithermal Au-Ag deposit in Mexico, a short stint at the Lihir Au project in Papua New Guinea, and grass-roots exploration for volcanic-hosted epithermal Au in the western USA. From 1990-93 he was member of a small team assembled to evaluate and to explore for additional Cu and Au mineralization in the Bingham Canyon porphyry Cu-Mo-Au district, Utah.

In 1993 Mr. Black was seconded to RTZ, Kennecott’s parent corporation, to explore for Porphyry Cu deposits in N. Chile and in 1994 become Principal Geologist for RTZ in Ecuador. Mr. Black joined Western Mining Corporation (WMC) in 1995 as Chief Geologist – S. America based in Santiago, Chile and gained extensive experience in Chile, Argentina, and Peru with additional time also spent in most other S. American countries. From 1998-2002 Mr. Black was WMC’s Technical Exploration Manager for porphyry Cu exploration in Chile and Peru.

In 2002, after 9 years in S. America, he was repatriated to WMC’s office in Denver, Colorado and spent most of the next two years exploring for porphyry Cu-Au deposits in Turkey and Mongolia where he was a Director for WMC’s local entity. Mr. Black has authored or co-authored several articles and abstracts on the geology of epithermal Au-Ag and porphyry Cu-Au deposits in scientific journals.

Mark Wayne is a founder, director and the Chief Financial Officer of Antares Minerals Inc.

Mr. Wayne has a law degree and is a Chartered Financial Analyst. He practiced law from 1980 - 1987, specializing in the fields of corporate and securities law. In 1987 he founded and became President of AltaFund Investment Corp., a public investment company that raised $110 million. In 1991, AltaFund joined the Altamira group of mutual funds and Mr. Wayne subsequently served as Vice-President, Western Canada for Altamira until November 1998. Mr. Wayne has raised money for, and served as a director or officer of, a number of public and private companies over the years in the mining, oil and gas and technology sectors. Mr. Wayne is based in Calgary, Alberta and is also a Vice President of MGI Securities Inc., a full service investment dealer.