Altius Minerals

Fred Mifflin Independent Chairman, Member of the Compensation Committee

Fred served as Altius' Lead Independent Director since 2006 and assumed the role of Independent Chair in September 2025. He is a member of the Compensation Committee and an "ex officio" member of the Audit and Governance and Sustainability Committees. Fred is Vice Chair of Blair Franklin Capital Partners, an independent investment banking firm in Canada. Prior to his current position, he worked in increasingly senior roles in international investment banking, most recently as Vice Chair and Global Head of Investment and Corporate Banking with BMO Capital Markets. Previously he led BMO Capital Markets’ metals and mining business. Fred is also a director of Toromont Industries Ltd. and has been a director of Altius since November 2006.

Jamie Strauss Independent Director, Chair of the Compensation Committee and Member of the Governance and Sustainability Committee

Jamie joined the Altius Board in October 2010, and is currently a partner of mining finance boutique firm, Strauss Partners based in London, England. Jamie has worked as a stockbroker in the City of London for nearly 30 years, specializing in the corporate resource arena, including a term as Managing Director of UK for BMO Capital Markets 2007-2009. He has raised in excess of $1 billion for projects spanning the globe in both the energy and mineral world on behalf of leading institutions in North America, Australia and Europe. He served as a committee member of the Association of Mining Analysts between 2007 and 2011, and previously acted as Non-Executive Director of Bacanona Minerals, Gold Standard Ventures, Extorre Gold and Whitehose Energy. Currently, he serves as an advisor to Eden Asset Management.

Anna El-Erian Independent Director, Chair of the Governance and Sustainability Committee Anna has been a director of Altius since May of 2015, as part of the successful acquisition of Callinan Royalties. Anna has over 30 years of experience in global capital markets, having spent much of her career in Investment banking, Private Equity, and corporate management and restructuring. She began her career in corporate law by joining the firm of Webber Wentzel Attorneys in 1990 after graduating from the University of the Witwatersrand in Johannesburg, South Africa. In 1992 she joined Investec Merchant Bank Limited where she specialized in risk management and gained extensive experience in the areas of corporate finance and structured finance, mergers and acquisitions, structuring, specialized finance and other banking and financial services transactions. She is currently a Director Gabriel Resources Ltd. and the Fraser Institute and was a Director of Altius Renewable Royalties Inc. until the close of its take-private transaction.

Andre Gaumond B.Eng., M.Eng. Independent Director, Member of the Compensation Committee André joined the Board in 2017, and was formerly Senior Vice President, Northern Development and Director of Osisko Gold Royalties until he retired from his executive position in November 2016. A geological engineer by training, Mr. Gaumond has been recognized by several organizations for his entrepreneurial and geological achievements. André was the founder and Chief Executive Officer of Virginia Gold Mines Inc. and holds a Bachelor of Geological Engineering from Université Laval and a Master's degree in Geological Engineering from École Polytechnique. He is currently an advisor of Dore Copper Mining Inc. and was a director of Altius Renewable Royalties Corp. until the close of its take-private transaction. He has been a director of Altius since September 2017.

Roger Lace B. Sc, MBA, CFA Independent Director, Member of the Audit Committee Roger is Chairman of Hamblin Watsa Investment Counsel Ltd., a wholly owned subsidiary of Fairfax Financial Holdings Limited, responsible for managing Fairfax's global investments. He has over 45 years' experience in the investment management industry and has been with Fairfax for more than 35 years. He has served on the boards of public resource companies as well as several investment advisory boards including the Ben Graham Centre for Value Investing at Western University. Roger holds a Bachelor of Science degree from MIT, and an MBA from the Richard Ivey School at Western University and is a CFA charter holder. He has been a director of Altius since May 2019.

Teresa Conway Chartered Accountant, CPA Independent Director, Chair of the Audit Committee Teresa has been a director of Altius since 2020. Teresa is a former executive with over 25 years experience in the energy, marketing/trading and utility sector. She was the President and CEO of Powerex (2005 -2017) and prior to that she was CFO. Teresa was also with PriceWaterhouse Coopers for seven years with a primary focus on mining. She has a business degree from Simon Fraser University and is a Chartered Professional Accountant (CPA,CA). In addition Teresa has the designation ICD.D from the Institute of Corporate Directors. Teresa also serves on the Board of Directors of Eldorado Gold and is a member of its Audit Committee and Chairs its Compensation Committee. She also serves as a Board member of Entrée Resources and is a member of the Audit Committee and Chairs its Compensation Committee and Corporate Governance and Nominations Committee.

Nicole Adshead-Bell PhD Independent Director, Member of Audit Committee and Governance and Sustainability Committee Nicole is a geologist with 30 years of combined capital markets and mining sector experience, including 17 years cumulative as an independent director for Canadian, Australian, US and UK listed mining companies with participation across the spectrum of board committee functions: audit, compensation, ESG, technical and special committees. Her career includes CEO of Australian listed Brazilian gold producer Beadell Resources Ltd prior to its acquisition by a Canadian mining company; Director of Research, Sun Valley Gold LLC an SEC registered precious metals fund, Managing Director Investment Banking, Haywood Securities Inc., Lead Director, Bravo Mining Corp., and Chairman on ASX/TSX-listed Hot Chili Limited. More recently she established a company to focus on investments and advisory services in the mining sector. She has been a Director of Altius since October 2020 and serves as a Director of AuMega Metals Inc. and Director of Dundee Precious Metals Inc.