Corporate

Mr. Mario Ayub is a Chemical Engineer and Metallurgist who, through his family's company, MRT Investments Ltd., has four mines in production in Mexico. He has put a total of seven mines into production during his extensive career. Mr. Ayub is President of MRT Investments and is President of the mine development metallurgical company, Mineral Rio Tinto S.A. de C.V., which is a partner in the mine development and gold production at Pan American Goldfield's Cieneguita project in Mexico. He is a former President of the Chihuahua Mining Association and President of the National Miners Association of Mexico. Mr. Ayub has previously served as a director of the Company from May 2004 to November 2008. Mr. Ayub joined Pan American Goldfields, as Chairman in October 2009.

Mr. George Young, B.S., J.S.D., has had an extensive career in the mining business with a focus on the Americas. Most prominently, from Feb 2005 to February 2008, he was the Vice President and Director of International Royalty Corporation, a global mineral royalty company with interests in over 85 mining projects on five continents, in 12 countries. During this period IRC acquired its flagship interests in the giant Voisey's Bay nickel deposit and Barrick Gold Corporation's giant Chile, Pascua gold project. Mr. Young was also the founding President and a director of MAG Silver Corp. during which the company acquired and began development of its Juanicipio and Sierra de Rameraz precious metal exploration assets. Mr. Young joined Pan American Goldfields as a Director and its COO in September 2009 and is now the President.

Mr. Salil Dhaumya, B.Com. CMA, has extensive experience providing financial services to both public and private companies in the areas of finance, administration and public accounting. These include Heli-One where Mr. Dhaumya was a business analyst when it was created with the goal of providing worldwide support to its parent CHC Helicopters. Prior to this he was a controller for Aquilini Group a conglomerate based in British Columbia. Mr. Dhaumya's is also the Corporate Controller for Advanced Alloys Corp. a supplier of beryllium related alloys as well as non-ferrous alloys for industrial applications. Mr. Dhaumya has provided financial services to Pan American Goldfields since 2007 and was appointed as its CFO in September 2009.

Mr. Flores bring 30 years experience managing and operating mines in several locations in Mexico. He is currently our General Manager for Mexican operations focusing on our gold-silver project near Chihuahua. He holds a MSc., Colorado School of Mines and a BS Universidad Autonoma de Chihuahua.