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Matthew Simpson , , P.Eng, MBA , , President & Chief Executive Officer

Matt Simpson joined Black Iron as CEO in 2010 and has lead the company from a grassroots story to a development one, overseeing the Company's advancement of the Shymanivske Project to now be shovel ready with a bankable feasibility study containing excellent economics. Prior to founding Black Iron, Mr. Simpson worked for the Iron Ore Company of Canada (“IOC”), a subsidiary of Rio Tinto plc and Mitsubishi Corporation. At IOC he held several progressive roles in Business Evaluation, Operations Planning, Continuous Improvement and for his last three years as the Mine General Manager where he was accountable for all of the operations, maintenance and engineering personal in the mine to safely move 70MTpa material. Prior to joining IOC, Mr. Simpson worked as a process engineer for Hatch Ltd. designing, debottlenecking and constructing metallurgical refineries around the world. Mr. Simpson has extensive experience in mine design, operations and project management. He holds a Master of Business Administration as well as a Bachelor of Science in Chemical Engineering both from Queen’s University.

Michael Spektor , , President ,

Mr. Spektor is the former Chief Executive Officer of VS Energy International LLC, a Ukrainian conglomerate with holdings in electricity distribution, multiple hotels, a bank and Dniprospetsstal, which is one of Ukraine’s largest steel mills. Mr. Spektor has been actively involved in the development and privatization of Ukraine’s energy sector in addition to assisting the Government of Ukraine with the shaping of legislation on energy security.

Les Kwasik , , P.Eng. , , Chief Operating Officer

Mr. Kwasik previously worked with INCO Limited Canada (VALE Canada Limited), Xstrata Columbia, BE&K Group, Inter Invest Sp Company, NESMA Company Saudi Arabia, Maple Minerals Corporation Canada and Archipelago Resources Singapore. His tenures have included international postings in Russia, Poland, Indonesia, Colombia and Eritrea in leadership roles ranging from General Manager to COO. Mr. Kwasik is an industrial engineer and a graduate of the Opole University of Technology in Poland. He holds B.Sc. in Industrial Electrotechnology Engineering. Mr. Kwasik will be primarily based at site in Kryvyi Rih, Ukraine.

Paul Bozoki , , CA, MBA , , Chief Financial Officer

Mr. Bozoki is a Chartered Accountant and holds an MBA with over fifteen years of accounting, tax and corporate finance experience in Canada and Europe. From 2007 through September 2010, he was the Chief Financial Officer of CD Capital Partners, a privately held real estate development firm focused on developing mixed use retail and office real estate in Russia, Ukraine and Romania. From 2001 through 2006, he was the Chief Financial Officer of MAVA Investment Ltd., a private equity firm based in Budapest, Hungary with two funds under management and US$110 million of committed capital. Mr. Bozoki is experienced in matters of international taxation and foreign capital markets and began his career at Ernst & Young LLP where he spent six years auditing clients in mining and other industries in Canada, Australia and Hungary.