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Nicholas Clarke, aged 55, - Non-Executive Director

Nicholas Clarke A graduate of the Camborne School of Mines and is a CharteredEngineer. Mr Clarke has been involved in the mining industry since1974 in a number of production and service capacities. He worked in South Africa, Ghana and Saudi Arabia on mines for aperiod of some 17 years. In 1992 he commenced working in the consultancy industry and in 1996 was made Managing Directorof CSMA Consultants Ltd which was subsequently acquired by Wardell Armstrong International. During this period he managed numerous technical studies on mineral projects in Africa, Europe and the Former Soviet Union. He was author and project manager on a number of AIM and TSX CPR’s during this period and was most specifically involved in the economic valuation of mineral assets. Mr Clarke has extensive experience in managing feasibility studies and how they interrelate to finance requirements.

In 2004 he joined Oriel Resources plc, an AIM and TSX quoted natural resources company with nickel and chrome assets in Kazakhstan, as Director of Mining, and was appointed Managing Director in 2005. In July 2006, Oriel sold its gold assets in Kyrgyzstan and Russia to Lero Gold Corporation, a TSX-V listed company. Mr Clarke holds the position of President and CEO of this new company.

Mr Clarke is a Non-executive Director, Chairman of Caledon’s remuneration committee and a member of both the audit and HSE committees.