About Directors of Oceanic Uranium Fund

Mr Warren Davies - Chairman

B.Comm

Warren Davies holds a Bachelor of Commerce degree and has over 35 years experience in the resources industry including coal and uranium. He was most recently General Manager-Marketing for Energy Resources of Australia Pty Ltd for 10 years and was responsible for world wide sales of uranium concentrates produced at the Ranger uranium mine in the Northern Territory. He was responsible for doubling uranium concentrate sales during that time which led the Ranger uranium mine become the second largest uranium producer in the world.

He has served as an Executive Director of the World Nuclear Association based in London and during that time was Chairman of the influential Business Affairs Forum was also a Director of the Uranium Information Centre (Melbourne), now known as the Australian Uranium Association.

He is currently a Non-Executive Director of Nova Energy Limited.

Mr Stuart Bell - Managing Director

Stuart Bell holds degrees in both law and commerce. He has over 20 years of commercial experience including with Price Waterhouse Coopers (accountants), Minter Ellison (lawyers) and as an advisor for 5 years with Paterson Securities (stockbrokers). He managed a private equity fund for 5 years prior to joining the Manager in 2005 to co-manage the Resource Fund. Mr Bell performed an integral role in the establishment of the Resources Fund which has been supported by a number of United Kingdom fund managers and institutional investors.

Mr Tony Walsh - Non Executive Director

Tony Walsh spent 14 years at the Australian Stock Exchange providing expert ASX Listing Rule advice to Perth based listed companies and facilitating new listing applications. At the ASX he was responsible for the facilitation of the listing of over 500 IPOs and reinstatement of over 200 “backdoor listings” during this period. During his tenure at the ASX, the number of Perth based listed companies grew from approximately 235 companies in 1992 to over 600. He was responsible for the introductory education and ongoing provision of advice on the ASX’s corporate governance guidelines to advisors, professional institutes, boards of directors and company secretaries.

Mr Walsh currently provides company secretarial services to 4 ASX listed companies and is a director of an AIM listed resources company. Prior to joining the ASX he worked for over 5 years with Ernst & Young, Perth and Dublin, Ireland with short assignments in Brussels, Belgium and Douglas, Isle of Man.

Mr Ian Burton - Non Executive Director

Ian Burton has over 30 years experience as a director of ASX listed companies. His knowledge and involvement spans all facets of industry, including mining and industrial companies.

He has held positions of chairman on numerous occasions, and remains an executive and non executive director of a number of public companies. He is currently executive chairman of Tox Free Solutions Limited, non executive director of MRI Holdings Limited ( a listed investment company), non executive chairman of Ellendale Resources NL (involved in uranium exploration in Queensland), non executive director of Merchant House International Limited and non executive chairman of unlisted company Plantation Energy Limited.

Mr Burton specialises in corporate restructuring, capital raisings and project acquisitions.

Peter Robinson - Technical Consultant

BSc, FAusIMM, MMICA, CPGeo

Peter Robinson is a Fellow of the Australasian Institute of Mining and Metallurgy, Member of the Mining Industry Consultants Association and a Chartered Professional Geologist. He has provided mineral exploration consultancy, advice and management to various Australian and international companies.

He has over 36 years experience in mineral exploration and over 15 years experience specifically in uranium exploration in Australia, mostly with international companies.

Mr Robinson graduated from the Queensland University in 1969. His experience with uranium commenced in 1972 when he joined consultants F Raymond Gordon and Associates working on various commodities including uranium. He was the geologist on the earliest work on the Mundong Well uranium deposit in the Gascoyne region of Western Australia.

From 1973 to late 1975 he was a project geologist for Uranerz Australia Ltd. This was at the grass roots of early uranium exploration in Australia and he led the initial reconnaissance of most of the uranium provinces in western and eastern Australia. With the then involvement of the Federal Labor government in uranium he joined the Australian Atomic Energy Commission late in 1975 as a member of the uranium exploration team in the Northern Territory. Soon after the Federal Labour Government was forced from office he joined Urangesellschaft Australia (UGA) in 1976 as Project Manager for the eastern states of Australia and Western Australia. This involved uranium project generation and management. Later, as Operations Manager Australia he was involved in uranium project generation and management Australia wide. This included representing UGA’s interest in a number of joint venture projects in Australia with international (French, Italian, Japanese, British) and Australian companies.

With the withdrawal of most international companies from uranium projects in Australia, Mr Robinson formed a consultancy company in 1984. From 1984 the consultancy managed various gold and base metal projects in Western Australia. However, as a consultant he completed a detailed appraisal of the uranium potential of the Pine Creek Geosyncline, Northern Territory including the East Alligator Rivers Uranium Field, which hosts large and high grade uranium deposits.

As the global interest in uranium re-emerged, Mr Robinson from 2005 has consulted and advised a number of new uranium explorers and developers. These have included Uranex NL, Nova Energy Ltd and Bullion Minerals Ltd (now Uranium Equities Ltd). He is also consulting to Dioro Exploration Ltd and CVRD (Brazil).

He has recently completed geological reports as a uranium expert for Crossland Uranium Mines Ltd, Centram Exploration Ltd, Linia Prava Central Asia Ltd and Zeus Resources Ltd

Elliott Rowton - Fund Manager

BBus, GDipAppFin, SA Fin

Elliott Rowton holds a Bachelor of Business in Finance and a post-graduate Diploma in Applied Finance and Investment. He has over 10 years experience in global financial markets specialising in equities trading and portfolio management. He spent 5 years in London and Zürich with Crédit Agricole Cheuvreux advising European institutional and hedge fund clients on pan-European equities and was Series 7 (US) and FSA CF21 (UK) qualified. He moved back to Australia where he advised clients of Hartleys Stockbrokers on equity investments and portfolio management before joining the Manager to co-manage the Resource Fund.