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United States

Erdene Resource Development Corp (ERD.TO)

ERD.TO on Toronto Stock Exchange

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2 Dec 2016
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Summary

Name Age Since Current Position

J. Cowan

2016 Chairman of the Board

Peter Akerley

2003 President, Chief Executive Officer, Director

Kenneth MacDonald

2013 Chief Financial Officer, Vice President - Business Strategy

D. Suzan Frazer

56 2016 Secretary

William Burton

62 2003 Independent Director

John Byrne

2004 Independent Director

Philip Webster

2006 Independent Director

Thomas Croft

2015 Non-Executive Independent Director

Biographies

Name Description

J. Cowan

Mr. J. C. Cowan is Chairman of the Board of the Company. He was Vice President, Asia and Director of Erdene Resource Development Corp. Mr. Cowan, MSc (Geology), P. Eng. (Ontario), is a minerals consultant providing services to exploration and mining companies since 1990. Prior to that, he spent 28 years with Falconbridge Limited in a senior management and board positions. Mr. Cowan has been responsible for technical direction of Falconbridge's exploration as well as activities exploration manager in Southeast Asia and Chief Geologist for Sudbury Operations. Mr. Cowan is a Managing Director of Erdene Mongol XXK and Anian Resources XXK, wholly-owned subsidiaries of the Corporation. Mr. Cowan has served as a director for a number of publicly listed companies, including Unigold Inc. (2003-2006) and Preston Resources Inc. (1997-2001). Mr. Cowan was appointed Vice-President (Asia) of the Corporation in June 2006 and is a director of Advanced Primary Minerals Corporation, listed on the TSX Venture Exchange.

Peter Akerley

Mr. Peter C. Akerley is President, Chief Executive Officer, Director of Erdene Resource Development Corp. Mr. Akerley has been the Corporation's President and Chief Executive Officer since March 2003. Mr. Akerley is a geologist who previously provided corporate development, exploration and managerial services for projects in Canada, Guyana, Mexico, the Philippines, the United States of America and Mongolia to junior and senior exploration and mining companies. Mr. Akerley has a BSc (1988) from Saint Mary's University in Halifax. He is a director of Temex Resources Corporation, a company listed on the TSX Venture Exchange.

Kenneth MacDonald

Mr. Kenneth W. MacDonald is Chief Financial Officer, Vice President - Business Strategy of Erdene Resource Development Corp. From September 1992 to present, Mr. MacDonald has been the President and owner of Fisher Transport Limited, a specialized transport company. Mr. MacDonald was Vice-President of Finance and CFO for Kaoclay Resources Inc. from 1996 until it was acquired by the Corporation. From 1985 to September 1992, he was Vice-President Finance with public and private corporations in the resource sector. Prior to 1985, Mr. MacDonald, a chartered accountant, was a senior manager with one of Canada's accounting firms. Mr. MacDonald has been Vice-President and Chief Financial Officer of the Corporation since March 2003. Mr. MacDonald was appointed Vice-President Business Strategy in 2007. On February 27, 2009 Mr. MacDonald was appointed President and CEO of Advanced Primary Minerals Corporation (TSX-V) pursuant to the reverse takeover of Beta Minerals Inc. (See "General Development of the Business – History - Reverse Takeover of Beta Minerals Inc.")

D. Suzan Frazer

Ms. D. Suzan Frazer is Corporate Secretary of Erdene Resource Development Corp. Ms. Frazer is a partner of the Halifax office of the law firm, McInnes Cooper. She has been practicing corporate law for over 25 years and is experienced in representing public and private companies in the junior resource sector. Ms. Frazer's experience includes public offerings and private placements under securities legislation, stock exchange listings, take-over bids, mergers, acquisitions, plans of arrangement and compliance with the continuous disclosure and other requirements of securities legislation.

William Burton

Mr. William B. Burton is an Independent Director of Erdene Resource Development Corp. Mr. Burton is a director of two public corporations. He was the President and Chief Executive Officer of MagIndustries Corp., a TSX listed resource company, from 1997 to 2010. Mr. Burton was Vice-President of Exploration for International Pursuit Corporation (1996-1998), evaluating gold properties in Asia, including Mongolia and was President of Mongolian Goldfields Corporation from 1996 to 1997. He has been a director of Adex Mining Inc. (TSX-V), a mineral exploration company, since January 2007 and also served as a director of Adex Mining Inc. from December 1992 to March 2000. He has been a director of the Corporation since February 2003. He is a geoscientist with 40 years experience in mineral exploration, corporate financing and management of junior resource companies.

John Byrne

Mr. John P. Byrne is an Independent Director of Erdene Resource Development Corp. Mr. Byrne has 30 years of investment banking and corporate finance experience. He is President of Petroleum Corporation of Canada Exploration Limited ("Petrex"), an oil and gas exploration and development company, and has held that position since 1976. Petrex helped establish and finance Enerplus Energy Services Limited for which Mr. Byrne served as Vice-Chairman (1986-2000). He was a director of FW Omnimedia (2000-2004). He served in senior executive roles with Levesque Beaubien Geoffrion Inc. (now National Bank Financial), A.E. Ames & Company Ltd./Dominion Securities Ames Ltd. and The First Boston Corporation. Mr. Byrne graduated from McGill University with a BA and from the University of Toronto Law School with a LLB. He is a Chartered Financial Analyst.

Philip Webster

Mr. Philip L. Webster is an Independent Director of Erdene Resource Development Corp. Since 1998 Philip Webster's principal occupation has been as President of Imperial Windsor Group Inc., a private investment holding company. From 1984 to 1990 he was an adjunct professor at McGill's School of Architecture and a designer with Anderson Architects. From 1977 to 1982 he was Executive Assistant to the President of Imperial Trust Company. Mr. Webster is a director of Advanced Primary Minerals Corporation (TSX Venture Exchange listed) and Imperial Windsor Group Inc., Kinmont Canada Inc., Wuswig Inc., Autoparc Stanley and Webridge Donnaconna, all private companies. He is a Trustee of the R. Howard Webster Foundation, the Zellers Foundation and the Constance Lethbridge. He is a Trustee and former Chairman of Stanstead College and President of its Red and White Foundation. He has an A.B. (Hon.) degree from Princeton University and a Master of Architecture from the Graduate School of Design at Harvard University.

Thomas Croft

Mr. Thomas Layton Croft is Non-Executive Independent Director of Erdene Resource Development Corporation. Mr. Croft is a senior corporate executive with diversified management and extensive Mongolia-focused resource industry expertise with more than 12 years in senior roles with several Mongolia- and Asia-focused companies, including Oyu Tolgoi, as executive vice-president, corporate affairs and social responsibility (Mongolia), where he had responsibility for communications, social performance and stakeholder engagement for the Oyu Tolgoi project; SouthGobi Energy Resources, as vice-president, external affairs and corporate citizenship (Hong Kong), where he oversaw investor and public relations, government affairs and corporate social responsibility; The Asia Foundation as resident representative (Mongolia); and most recently Peabody Energy, as vice-president, external relations -- Asia (Singapore). Having lived and worked in Mongolia for a total of 15 years beginning in 1994, Mr. Croft brings deep knowledge of the Mongolia corporate, political and socio-cultural environments. He played a central role in strengthening relational and reputational elements of the companies he has worked with in Mongolia and the Asia-Pacific region, including success in building and protecting the social and political licences to operate at national, regional and local levels. A U.S. native, Mr. Croft has lived and worked internationally for more than 22 years in corporate and public sector roles in Asia, Latin America and Eastern Europe. He holds a BA from the University of North Carolina at Chapel Hill, an MA from the School for International Training in Vermont, and an MA from the Fletcher School of Law and Diplomacy at Tufts University in Massachusetts.

Basic Compensation

Name Fiscal Year Total

J. Cowan

275,036

Peter Akerley

215,295

Kenneth MacDonald

44,921

D. Suzan Frazer

--

William Burton

--

John Byrne

--

Philip Webster

--

Thomas Croft

--
As Of  30 Dec 2014

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