Management

Chairman of the Board
Mr. Hutton has spent his career in the financial services industry and for the past 25 years has specialized in structured finance and resource company finance. Mr. Hutton is the President and Chief Executive Officer of Hutton Capital Corporation and Hutton Capital Management, companies engaged in investment banking. He also serves as the non-executive chairman of Terra Ventures Inc.

Mr. Hutton designed and executed in excess of $1,400,000,000 in flow through share resource financings for the Canadian energy and mining sectors between 1998 and 2006. He was the founder, President and Chief Executive Officer of the Canada Dominion Resources Group of companies, one of the largest and most successful flow-through share funds in Canada. During Mr. Hutton's tenure, the Canada Dominion Resources Group completed in excess of $800,000,000 in offerings, which subsequently focused their investments on mining and energy issuers actively exploring for resources in Canada. The Canada Dominion Resources Group was acquired from Mr. Hutton by the Dundee/Dynamic Mutual fund organization. In addition, Mr. Hutton was the President and Chief Operating Officer of the CMP Resource Group from 2003 to 2005.

President and CEO
Mike Magrum is the President and CEO of Novus Gold and is instrumental (as a qualified person under National Instrument 43-101) in the technical management of all of Novus' current Gold properties. He is also responsible for the project generation and acquisition of key Gold properties across North America. Mr. Magrum is a geological engineer who has been working in gold exploration since 1974. He is a graduate of the Haileybury School of Mines and the University of Alaska. His worldwide experience covers most of the gold mining camps in North America plus extensive work in Nicaragua, the Dominican Republic, Argentina and Indonesia. He was a founding director of Seabridge Gold, which acquired a major gold property portfolio containing multi-million-ounce gold resources and currently has a market capitalization of approximately $1 billion.

Director and CFO
Robert McMorran, Director and CFO, is the president of Malaspina Consultants Inc., an accounting and administrative management services business serving junior public companies since 1997. Mr. McMorran obtained his Chartered Accountant designation in 1981 while articling with Coopers & Lybrand's Vancouver office. In 1982 he left C&L and joined Denison Mines Limited's Coal Division where he spent five years primarily working on the Quintette Coal Project located in northeast B.C. In 1987 Mr. McMorran joined Cheni Gold Mines Inc., a TSE listed junior precious metal company as the corporate controller, where he spent ten years, eventually being promoted to President/CEO. Mr. McMorran has held numerous board positions and senior officer appointments since starting Malaspina, including his tenure as the Chief Financial Officer of the highly successful Canada Dominion Resources Group of flow-through limited partnerships.

Director
Jim Walchuck, Director, (BSc., PEng) is a mining professional with more than 28 years of national and international experience in the minerals industry, including work in North America, Slovakia, the UK, Ghana, and Tanzania. As the president and CEO of Tournigan Gold Corp, Walchuck raised $45,000,000 in 2006 for the purpose of developing Tournigan's two key assets and helped increase Tournigan's market cap from $20M to approximately $200M over a one year period. Mr. Walchuck was the Manager Mining for Barrick at the Bulyanhulu Gold Mine in Tanzania from 1999 to 2002. There he oversaw the building of a multi-million-ounce, high-grade underground mine in 24 months and achieved over 2 million man-hours without a lost-time accident. Prior to his 6-year involvement with Bulyanhulu (first as Sr. Project Manager with Sutton Resources then as Manager Mining for Barrick), Mr. Walchuck was Manager of Mining and then Manager - Corporate Operations for Royal Oak Mines. This was preceded by a 5-year term as Chief Mining Engineer for Tarkwa Goldfields in Ghana. A member of the Professional Engineers of Ontario for 28 years, Mr. Walchuck holds Bachelor Degrees in both Science and Engineering.

Director
Gunther Roehlig, Director, is also the President and CEO of Terra Ventures, a junior Uranium mining and exploration company. In his role as President and CEO of Terra, Mr. Roehlig plays a pivotal role in all of the company's business development and corporate financings. He has more than 15 years of experience in the financial & investment industry, with a successful track record in restructuring, managing and financing junior public companies. Fluent in English and German, Mr. Roehlig also has experience in European business and financial markets. He currently serves on the board of directors for a number of public junior resource companies.