Canadian Structure

Stephen Shefsky - President & CEO, Founder, Director

Mr. Shefsky is the Chief Executive Officer, President and a director of the Corporation since incorporation and devotes substantially all his working time to the Corporation. Mr. Shefsky is the co-founder of Brasoil do Brasil Exploracao Petrolifera S.A., a private oil and gas producing and exploration company operating in Brazil since 2006. Mr. Shefsky has also been the President and Chief Executive Officer of Cancap Investments Limited, a private merchant bank providing venture capital and project financing for private and public companies, since 1985. From 1996 to August 2007, Mr. Shefsky held the positions of President and Chief Executive Officer of Verena Minerals Corporation, now Belo Sun Mining Corp. (TSXV:BSX), a mineral exploration company with a focus on precious metals properties in Brazil. Mr. Shefsky is a director of Morumbi Resources Inc. (TSXV: MOC). Mr. Shefsky was the founder of Silver Bear Resources (TSX:SBR).

Wayne Egan - Non-Executive Chairman

Mr. Egan is a partner at the law firm of WeirFoulds LLP and acts for several public companies on the TSX and TSX Venture Exchange. He has been a director of Exall Energy Corporation (TSX: EE) since October 2008, and a director of Largo Resources Ltd. (TSX.V: LGO) since June 2012. Mr. Egan obtained a B.Comm from the University of Toronto and an LL.B. from Queen's University.

Mark Brennan - Founder, Director

Founding Partner and President of Linear Capital Corp., President & CEO of Sierra Metals, Past President & CEO of Largo Resources, Co-founder of Brasoil do Brasil Exploracao Petrolifera S.A., and Castle Resources Inc.

Jon Pereira - Director

Successful entrepreneur and Co-Founder of Olympic Circuits, a leading printed circuit board manufacturer in Toronto that was bought out by DDi Corp where he is currently VP-Operations. Also currently a Director for Active Control Technology Inc.

Adeniyi Olaniyan, CEO of Nigerian Subsidary and Director of Canadian entity

Mr. Olaniyan was appointed as Chief Operating Officer and Country Manager of James Bay Energy Nigeria Limited (JBENL) and the other Nigerian Subsidiaries, on June 1, 2012, and was appointed as president and CEO of each of the Corporation’s Nigerian Subsidiaries on December 4, 2014. Mr. Olaniyan has over 20 years of international experience (Africa, Asia, Europe) in subsurface Oil and Gas E&P, Project Management, New Ventures, Asset Development and Business Planning within the Shell Group. His last position with Shell was as Hydrocarbon Maturation Manager for near infrastructure exploration activities to deliver short-term oil along the Niger Delta Nembe Creek Trunk Line. Prior to that Mr. Olaniyan acted as Subsurface Geoscience Manager for Brunei Shell Petroleum from August 2005 to July 2009. Mr. Olaniyan has had considerable geoscience and project management experience in several geological basins.

Jean Gautier, Director

Deputy High Commissioner of Canada to Nigeria 2009 – 2012 with responsibilities for the Deputy High Commission of Canada in Lagos and Senior Regional Trade Commissioner for Nigeria and Central Africa. Deputy Director for the African Great Lakes Region, Central Africa and Nigeria 2006 – 2009 where he had special responsibilities for coordinating Canada's bilateral relations with Nigeria. Mr. Gauthier has had overseas assignments in Egypt, Kuwait, Iraq, Saudi Arabia and Yemen with a focus on political developments, trade relations, and oil policies.

Eric Szustak - Chief Financial Officer

Chartered Accountant with over twenty five years' experience. Has held various positions in management and securities compliance. Holds B.A. Honors Chartered Accountant Studies and Economics, University of Waterloo. Currently CFO of James Bay Resources Inc., Northern Gold Mining, Morumbi Resources Inc. and Castle Resources Inc.