Managemenrt

& Directors

Glenn J. Mullan, B.Sc. (Geology)
Chairman of the Board, President, Chief Executive Officer, and Director

Mr. Mullan holds a B.Sc. (Geology) from Concordia University and has 30 years of experience in the mining and mineral exploration industries. Mr Mullan is the President, C.E.O., and Chairman of Golden Valley Mines Ltd. and has been since forming the Company in August 2000. He is also the Chairman of the Board of Directors of Canadian Royalties (since July 1998) and held the position of President and Chief Executive Officer of Canadian Royalties from July 1998 to June 2003. As an independent prospector, Mr. Mullan has assembled and acquired many mining prospects ranging from grass-roots ventures through advanced-stage projects. Mr. Mullan was instrumental in assembling the properties which form today Canadian Royalties' Nunavik Nickel Project and has been instrumental in assembling many of the properties comprising the portfolio now explored by Golden Valley Mines. As part of the Company's efforts to improve its Corporate Governance practices, Mr. Mullan recently completed the Directors' Education Program (DEP), offered through the Institute of Corporate Directors (ICD) and the Desautels Faculty of Management, McGill University.

Annie Karahissarian
Chief Financial Officer
Ms. Karahissarian graduated with a bachelor of commerce degree from École des Hautes Études Commerciales and has over 8 years of experience in accounting. Ms. Karahissarian has been acting as Chief Financial Officer at Golden Valley Mines Ltd since June 2007.

Michael P. Rosatelli, P. Geo.
Vice-President Exploration

Mr. Rosatelli has been the Company's Senior Exploration Geologist since 2003 and has worked closely with the Golden Valley Mines management team over the past years on all facets of the Company's exploration activities. Mr. Rosatelli has worked as an exploration geologist for nearly 20 years in various positions with both major and junior mining companies, including previously with McIvor-BHP Billiton, Anglo-Gold, Band-Ore, and Kennecott. His experience covers a broad range of exploration activities for many commodities, including precious and base metals and uranium deposits across Canada and Africa. Mr. Rosatelli has been instrumental in assembling the properties comprising the Otish Uranium Project in Quebec and the Beartooth Island Uranium Project in the Athabasca Basin, Saskatchewan.

Luciana Zannella
Vice-President Corporate and Legal Affairs, and Corporate Secretary

Ms. Zannella graduated with a bachelor of law from the university of Montreal and has focused her carrier in the fields of corporate and commercial law, as well as in securities law. Ms. Zannella has been the Company's Vice-President Corporate and Legal Affairs as well as its Corporate Secretary since June 2007. In addition to her role with Golden Valley Mines Ltd., Ms. Zannella acts as the legal advisor and corporate secretary of Canadian Royalties Inc.

Robert D. Smith
Director

Mr. Smith has been a majority owner of Québec Major Junior Hockey League's Halifax Mooseheads since September 2003, prior to which he was the General Manager of the Phoenix Coyotes Hockey Club from 1996 to 2001. Mr. Smith holds a Bachelor of Science in business and a Masters in Business Administration from the University of Minnesota.

Blair F. Morton
Director

Mr. Morton is the Chairman of the Board of Ross Finlay 2000 Inc., a mining contracting company located in Québec. Mr. Morton has been employed by Ross Finlay since 1967 and was its President from 1984 to 1997. Mr. Morton is also the President of Gestion Blair F. Morton Ltéé, a private investment company.

C. Jens Zinke, B.A., Ph.D. (Geophysics), B.Sc., M.S. (Mining Engineering, Geology & Geophysics)
Director

Mr. Zinke has a background in Geophysics as well as in Investment Banking and Investment Management. He is currently employed as Vice-President Business Development at Canadian Royalties, where his responsibilities include the assessment of business development opportunities and financing options. Mr. Zinke holds a M.S. (Mining Engineering & Geophysics) and a Ph.D. (Geophysics), and has related work experience from projects in Russia, South Africa, Norway, Germany, and in the USA. Mr. Zinke gained his financial experience from working as an Investment Banker with Kodiak Capital, as an Investment Analyst with Cannell Capital Management, and as an Investment Manager of Protea Ventures LLC, a private equity fund.

George B. Cross
Director

Mr. Cross is a self-employed business writer, working independently since December 2000. He has been the publisher of the George Cross Newsletter.

Joseph Groia, B.A., J.D.
Director
Mr. Groia received his B.A. and J.D. from the University of Toronto. He was called to the Ontario Bar in 1981. Joseph Groia is a principal at Groia & Company Professional Corporation, a litigation boutique that concentrates its practice on corporate and securities litigation. He practices securities litigation, acting as counsel for clients in a wide range of civil, quasi-criminal, criminal and administrative law securities cases. In 1985 he joined the Ontario Securities Commission (OSC) as Associate General Counsel responsible for litigation matters. From October 1987 until March 1990 he was the OSC's Director of Enforcement. He joined Heenan Blaikie in 1990, to practice corporate and securities litigation as a partner until he started Groia & Company on January 1, 2000. Mr.Groia has been ranked as one of Canada's 500 Leading Lawyers in Lexpert Magazine since 2000. His cases have included Asbestos Corp., Atlas Cold Storage, Philip Services, YBM Magnex, the Glamis-Goldcorp arrangement and Canadian Tire. In 2007, Mr. Groia and Pamela Hardie published Canada's first textbook on securities litigation: "Securities Litigation and Enforcement". Mr. Groia's most noteworthy professional accomplishment was his leadership of the team that successfully defended Mr. John Felderhof in the 10 year OSC prosecution of charges arising out of the collapse of Bre-X Minerals Ltd.