Lukas Lundin

Chairman

Born in 1958, Lukas Lundin graduated from the New Mexico Institute of Mining and Technology (engineering) in 1981.

In 1982, Mr. Lundin headed International Petroleum Corporation’s oil and gas operations and was based in Dubai, U.A.E. From 1990 to 1995, he was President of International Musto Exploration Limited and was responsible for Musto’s acquisition of the Bajo de la Alumbrera deposit. Bajo de la Alumbrera was the subject of a $500 million takeover by Rio Algom and North Limited. Mr Lundin was also responsible for Argentina Gold and the discovery of the multi-million ounce Veladero gold deposit. Veladero was the subject of a $300 million takeover by Homestake in 1999. In addition, Mr. Lundin was a senior director of Lundin Oil and was instrumental in the $480 million takeover of Lundin Oil by Talisman Energy in 2001.

Mr. Lundin currently serves as chairman and director of a number of publicly traded natural resource-based companies.

Mr. Lundin is considered independent for the purposes of National Instrument 58-101.

Mike Nicholson

Chief Executive Officer and Director

Born in Scotland in 1971, Michael Nicholson graduated from Aberdeen University where he obtained a degree in Economics and Management Studies.

Between 1994 and 1996, Mr. Nicholson worked as a consulting economist for AUPEC ltd in Aberdeen. From 1996 to 2004, he worked in various economics, financial and banking roles with Veba Oel, Canadian Imperial Bank of Commerce and Marathon Oil in London.

Mr. Nicholson joined Lundin Petroleum in 2005 as Group Economics and Commercial Manager. He became General Manager of the Malaysia business in 2008 and Managing Director of the South East Asia business in 2012. He was appointed Chief Financial Officer in 2013. He became the Chief Executive Officer of IPC in April 2017.

Mr. Nicholson is not considered independent for the purposes of National Instrument 58-101.

C. Ashley Heppenstall

Lead Director
Chairman of the Audit Committee.

Born in England in 1962, Ashley Heppenstall is a graduate of Durham University where he obtained a degree in Mathematics.
From 1984 until 1990, he worked in the banking sector where he was involved in project financing of oil and mining businesses. In 1990, Mr. Heppenstall was a founding director and shareholder of Sceptre Management Limited.

Mr. Heppenstall has worked with public companies associated with the Lundin family since 1993. In 1998 he was appointed Finance Director of Lundin Oil AB. Following the acquisition of Lundin Oil by Talisman Energy in 2001, Lundin Petroleum was formed and he was President & Chief Executive Officer from 2002 until 2015.

Mr. Heppenstall is considered independent for the purposes of National Instrument 58-101.

Donald Charter

Director
Chairman of the Compensation Committee and of the Nominating and Corporate Governance Committee, and a member of the Audit Committee.

Donald Charter became the Chairman of the Board of Directors of IAMGOLD Corporation on May 11, 2015. An experienced corporate director, he serves on four public company boards, which, in addition to IAMGOLD, include Lundin Mining, Dream Office REIT and Adriana Resources. Mr. Charter has extensive senior executive leadership experience, most recently, as President and CEO of Corsa Coal, a public metallurgical coal company with operations in the US that he successfully built from a non-operating startup to an established domestic and international supplier of US low vol metallurgical coal. Mr. Charter’s business experience includes financial services, mining (precious metals, base metals, iron ore, coal) and real estate.

Mr. Charter is a graduate of McGill University with degrees in Economics and Law. He began his career in Toronto, building a successful business law practice. Mr. Charter left law and joined the Dundee group of companies as an Executive Vice President with capital markets related responsibilities. He became the founding Chairman and CEO of the Dundee Securities group of companies, and oversaw its growth from a startup to a major independent financial services company. After ten years, Mr. Charter left this group and, in addition to Corsa, has focused his attention on consulting (he has had consulting roles in the private, private equity and hedge fund sectors), and corporate directorships. In addition to his executive leadership positions, Mr. Charter has extensive board level experience having been involved in several corporate boards and having sat on and chaired a number of audit, compensation, governance, special, independent and strategic committees in various corporate situations. He has completed the Institute of Corporate Directors, Directors Education Program and is a member of the Institute.

Mr. Charter is considered independent for the purposes of National Instrument 58-101.

Chris Bruijnzeels

Director
Chairman of the Reserves and HSE Committee and a member of the Nominating and Corporate Governance Committee.

Chris Bruijnzeels is currently the President, CEO and a director of ShaMaran Petroleum Corp. Mr. Bruijnzeels was born in the Netherlands in 1959 and is a graduate of Delft University where he obtained a degree in Mining Engineering.

Mr. Bruijnzeels joined Lundin Petroleum in 2003 and as as Senior Vice President Development, was responsible for Lundin Petroleum’s operations, reserves and the development of its asset portfolio until 2015. From 1985 until 1998, Mr. Bruijnzeels worked for Shell International in the Netherlands, Gabon and Oman in several reservoir engineering functions. In 1998, he joined PGS Reservoir Consultants in the UK where he worked as Principal Reservoir Engineer and Director of Evaluations. Mr. Bruijnzeels has over 33 years of experience in the oil and gas industry.

Mr. Bruijnzeels is considered independent for the purposes of National Instrument 58-101.

Torstein Sanness

Director
Member of the Compensation Committee and the Reserves and HSE Committee.

From 2004 to 2014, Torstein Sanness was the Managing Director of Lundin Norway. Previously he held positions with Saga Petroleum and Norske Oljeselskap AS.

Mr. Sanness is a graduate of the Norwegian Institute of Technology in Trondheim where he obtained a Master of Engineering (geology, geophysics and mining engineering).

Mr. Sanness is considered independent for the purposes of National Instrument 58-101.

Daniella Dimitrov

Director
Member of the Audit Committee, the Compensation Committee and the Nominating and Corporate Governance Committee.

Ms. Dimitrov has over 20 years of experience in building, operating and streamlining businesses in mining and financial services. She is currently Partner, Sprott Capital Partners, a mining investment banking and advisory firm.

Previously, she served as CEO and CFO of Orvana Minerals (a multi-mine gold/copper producer) and as Executive Vice Chair of Baffinland Iron through its acquisition for MUSD 600. She has also served as COO of Dundee Securities, SVP Strategic Initiatives with Raymond James and corporate counsel with a Canadian law firm.

Ms. Dimitrov is currently also a director of Nexa Resources S.A. and Excellon Resources, has served as a director of a number of other mining companies and has chaired or been a member of various committees of such boards. She has also served as a director of the Ombudsman for Banking Services and Investments.

Ms. Dimitrov has an Executive MBA from Kellogg and Schulich business schools and a law degree. Ms. Dimitrov was chosen as one of the top 100 Global Inspirational Women in Mining for 2016 and is a Canada Board Diversity Council – 2016 Diversity 50 Candidate.

Ms. Dimitrov is considered independent for the purposes of National Instrument 58-101.

John Festival

Director
Member of the Reserves and HSE Committee.

He graduated from the University of Saskatchewan in 1984 with a degree in Chemical Engineering. He has over 34 years’ experience in the Canadian oil and gas industry, with a particular focus on heavy oil exploration and production.

Mr. Festival was, until December 2018, the President and CEO and a director of BlackPearl Resources Inc.

Mr. Festival is not considered independent for the purposes of National Instrument 58-101.