Joanne Ferstman (1)
(Chair, Audit Committee) Ontario, Canada
Ms Ferstman was elected to the board on June 22, 2007
 
Ms Ferstman is the Vice-Chair and Head of Capital Markets at DundeeWealth Inc., a wealth management company.  Ms. Ferstman has served with Dundee Corporation and its subsidiaries since 1998 and brings a wealth of experience in the financial service industry to her position.  Prior to her current position, Ms Ferstman was the Executive Vice President and Chief Financial Officer of Dundee Corporation and DundeeWealth Inc.  Prior to joining Dundee Corporation, Ms. Ferstman spent four years as Chief Financial Officer for a national securities firm and five years with Ernst & Young. Ms. Ferstman is a Director of Groupe Aeroplan Inc. and a Trustee of Dundee Real Estate Investment Trust.  In addition, she sits on a number of private company boards within the Dundee organization. Ms. Ferstman holds a Bachelor of Commerce degree from McGill University and is a Chartered Accountant.

Jonathan C. Goodman (2)(3) 
(Chair, Environmental, Health and Safety Committee) Ontario, Canada
Mr. Jonathan Goodman was appointed to the board in 1999.

Mr. Goodman is the President and Chief Executive Officer, Dundee Precious Metals Inc., director since 1993.

Mr. Goodman has over 20 years experience in the resource and investment industry, working as a geologist, senior analyst, portfolio manager and senior executive.

Mr. Goodman joined Goodman & Company, Investment Counsel Ltd. in 1990, where he was responsible for the selection of Canadian equities and played a major role in developing asset allocation strategies, before becoming the company’s President. He is also a founder of Goepel Shields and Partners, an investment firm.

Mr. Goodman graduated from the Colorado School of Mines as a Professional Engineer and holds a Master of Business Administration from the University of Toronto. He is also a Chartered Financial Analyst, and is a director of several publicly-traded resource companies.

Ned Goodman (5)
Ontario, Canada
Mr. Ned Goodman was appointed to the board in 2004.

Mr. Goodman is considered one of the leading architects of Canada’s investment management industry and an outstanding member of the country’s philanthropic community. Born in Montreal, Mr. Goodman combined his geological background with business acumen in a unique approach to investment management and wealth creation that over the last 40 years has led to the establishment of the Dundee group of companies.

Mr. Goodman is President and Chief Executive Officer of Dundee Corporation and Chairman of its subsidiary, DundeeWealth Inc.  He is the founder or cofounder of Dundee Precious Metals Inc., Dundee Bank of Canada, CMP Funds, Dundee Realty Corporation and Dundee Resources Limited, Goodman & Company Investment

Counsel, Dynamic Funds and Dundee Securities. He has over four decades of experience as a securities analyst, asset manager, senior executive, and as an investor.  He has an established reputation as one of Canada’s most successful investment counselors.

Through Dundee Corporation and its various subsidiaries, Mr. Goodman oversees the provision of investment solutions as well as capital markets and advisory services for financial advisors, institutions, corporations, foundations and private clients. Dundee Group oversees over $60 billion in assets under management and administration. Mr. Goodman is the Chancellor of Brock University and the founder and benefactor of the Goodman Institute of Investment Management, a graduate school for investment management at Concordia University, where he serves as an Adjunct Professor and as a member of the Associates of the Chancellor.

Innovation remains at the centre of Ned Goodman’s investment philosophy, his style of management and of client counsel. It characterizes the culture for his corporate exercise as well as his regard for citizenship and the role leaders in the community must play in a modern society shaped increasingly by its own choices.

He is actively involved and a benefactor in various philanthropic activities. He is Chairman Emeritus of the Canadian Council of Christians and Jews, a Governor of Junior Achievement and a Co-Chair, “A Mind To Give Campaign”, for the Heart and Stroke Foundation. He is also a founding director of the Roasters Foundation, the Jodamada Foundation and the Dynamic Fund Foundation.

Mr. Goodman is a geologist and has a Bachelor of Science degree from McGill University and a Master of Business Administration from the University of Toronto. He earned the designation of Chartered Financial Analyst in 1967. In 1997, he was awarded a Doctorate of Laws, honoris causa, by Concordia University. He was named Entrepreneur of the Year in 2004 and Developer of the Year in 1989. In November 2005, he was honoured with the Career Achievement Award at the 11th annual Canadian Investment Awards.

John W. Ivany
Alberta, Canada
Mr. Ivany was elected to the board on June 22, 2007.
 
Mr. Ivany was Executive Vice President of Kinross Gold Corporation from June 1995 to May 2006 at which point he retired from that corporation.  In 1972 Mr. Ivany entered the mining business when he joined Noranda as a lawyer; in October 1987 he became Noranda's Vice President and General Counsel.  From 1990 to September 1993 Mr. Ivany was Executive Vice President of International Corona Corp. and from September 1993 to June 1995 Mr. Ivany was President of St. Philips Resources and Summo Copper Corp.

In addition to being a director of Breakwater Resources Ltd., Mr. Ivany is a director of Allied Nevada Gold Corp. and B2Gold Corp.


W. Murray John(1)(4)
(Chair, Hedging Committee)
Ontario, Canada

Mr. John was elected to the board on June 22, 2007.

Mr. John is the President and CEO of Dundee Resources Limited. Prior to joining Dundee Resources, Mr. John had 10 years mining engineering experience in engineering technical services, operations and project evaluation on base metals and gold projects and 15 years of resource focused financial services experience including:  research analysis for buy and sell side institutions; new issue corporate finance; mergers and acquisitions advisory and transaction analysis; private equity finance; and fund management.

Mr. John has a Masters Business Administration, University of Toronto

(1993) and a Bachelor of Science (Mining Engineering), ACSM Camborne School of Mines, UK (1980).

In addition to being a director of Breakwater Resources Ltd., Mr. John is a director and/or officer of several publicly-listed companies including the following:

David M. Petroff(2)(4)
Ontario, Canada
Mr. Petroff is the President and Chief Executive Officer.  Elected to the board on June 18, 2009 Mr. Petroff has over 25 years of experience in finance and administration in the resource sector.  From May 2004 to June 2008, he was Executive Vice President and Chief Financial Officer of Centerra Gold Inc., a Toronto based mining company. He joined Cameco Corporation, a uranium producer located in Saskatoon, in February 1997, serving as Senior Vice President, Finance and Administration and adopting the additional role of Chief Financial Officer, in May 1997. From 1984 to 1997, Mr. Petroff worked for Denison Mines Limited, most recently as Vice-President and Treasurer. Prior to that, he was in Corporate Finance at Wood Gundy Inc. from 1980 to 1984, most recently as Vice-President. Mr. Petroff received a bachelor of Mathematics degree from the University of Waterloo in 1978 and a Master of Business Administration degree (finance concentration) from the Schulich School of Business, York University in 1980. Mr. Petroff is a member of Financial Executives International (Canada) and an active member of its Committee on Corporate Reporting.

In addition to being a director of Breakwater Resources Ltd., Mr. Petroff is a director and Chairman of Polar Star Mining Corporation.

(1) Audit Committee member
(2) Environment, Health and Safety Committee member
(3) Corporate Governance and Nominating Committee member
(4) Hedging Committee member
(5) Compensation Committee member