Oakham Announces Qualifying Transaction - Seite 3

d) Change of the corporate name to such new name as is acceptable to the new board of directors of the Company.

There can be no assurance that the Transaction and the concurrent Financing will be completed as proposed, or at all.

The Company is preparing a Filing Statement disclosing details of the Transaction; and the same will be posted to SEDAR at closing.

Directors and Officers

Upon completion of the Transaction, the current directors and officers of Oakham will resign, and the following persons will be appointed:

• François Goulet M.Sc. Geology, Chief Executive Officer and Director
• Joseph Del Campo, Chief Financial Officer, Corporate Secretary and Director
• Raymond Wladichuk, Director

It is also anticipated that one or more additional directors will be added on closing. Such appointments will be announced as identified.

Biographies of the proposed directors and officers are provided below:

François Goulet

Mr. Goulet has solid experience on the international level. For many years, he acted as Project Manager in tropical and Nordic settings directing advanced projects, among others leading a team to the discovery of a 2M-ounce gold deposit in the Dominican Republic. He was closely involved in financing and bringing to production the Zgounder Silver mine in Morocco. He is also the founder and President of Goulex Inc., providing geological consulting expertise for several junior and major Canadian mining companies, and teaches exploration mining methods and metallogeny at the university level. Mr. Goulet holds a master degree in geology from UQAM and is a member of the Ordre des géologues du Québec

Joseph Del Campo

Mr. Del Campo holds Chartered Professional Accountant (CPA) and Certified Management Accountant (CMA) designations. He began his career with Falconbridge Limited and spent over 19 years working within the Falconbridge group of companies at progressive financial positions, including Controller and Treasurer of Falconbridge Dominicana, a ferronickel operation in the Dominican Republic; and Falconbridge Gold Corporation, a gold mining company with operating mines in Africa and Timmins, Ontario. Over the past 20 years, Joseph has been a Director and Vice President, Finance and Chief Financial Officer (CFO) of a number of junior exploration companies listed on the TSX and TSX Venture Exchange, and is the former CFO of First Nickel Inc.