David C. Anderson, P.Geo
Executive Chairman and Director

Mr. Anderson has worked in the mining and exploration industry since 1974. He has a diploma in Geology and a B.Sc. in Geophysics. In 1986, after 12 years of contract geophysical work throughout the world, Mr. Anderson co-founded Quantec Geoscience Ltd. (“Quantec”). Quantec specializes in the development and application of advanced geoscience technologies.

In 1991 Mr. Anderson was invited to Mongolia to meet with government officials to discuss the privatization of the government geologic service branch. During this trip and subsequent trips in the early 90’s, Mr. Anderson and his associates recognized the mineral potential of the country which led to the formation of QGX Ltd. in 1994. Mr. Anderson, a co-founding shareholder of QGX Ltd., held the CEO role from inception until August, 2006 when he became the Executive Chairman.

During his time as CEO the company has discovered:

1. Three advanced-staged exploration properties which have been joint ventured to Ivanhoe.
2. Golden Hills, a Cu-Au-Ag project in western Mongolia which became the fourth hard-rock mineral discovery in the country.
3. Baruun Naran, a promising coal project located 22 km southwest of Tavan Tologi, the largest undeveloped coal project in Asia.

Paul L. Zweng, B.Sc., M.Sc., Ph.D.
President and Chief Executive Officer

Dr. Paul Zweng has blended a technical and financial background in exploration and mining over the past 18 years. He first joined QGX in 2003 as the Chief Operating Officer during which time he developed QGX’s two flagship projects, Baruun Naran (metallurgical and thermal coal) and Golden Hills (Cu-Au-Ag). In August, 2006 Dr. Zweng assumed the role of President and Chief Executive Officer.

Dr. Zweng was a Research Analyst and later Partner at Palo Alto Investors, a hedge fund based in California from 1999 until late 2002. While at Palo Alto Investors, Dr. Zweng conducted due diligence and lead investment decisions on mining and exploration as well as technology companies. He was featured twice in Barron’s “Plugged In” column (31 Aug 1999; 6 Sept 1999). Dr. Zweng also was the winner of the last Wall Street Journal “Heard in California” stock-picking contest (Jan-Jun 2000: +17.4%) before the contest was discontinued.

Dr. Zweng led BHP Copper’s new business development efforts in the Copperbelt of Africa from 1997 until 1999. He formulated BHP Copper’s African strategy, conducted financial and technical evaluations of African copper projects, developed business relationships with DR Congo and Zambian government officials, and recommended asset acquisitions to senior management. These efforts led to BHP securing the Tenke Fungurume project, one of the world’s richest and largest copper-cobalt deposits.

From 1995 until 1997, Dr. Zweng was the Manager of Exploration & Geology of BHP’s Cu-Au-Ag mine, Tintaya, Peru. He helped to grow Tintaya into one of the world’s largest copper skarn districts by discovering over 150 million tonnes of high-grade ore, including enough copper-oxide ore to support the building of an SX-EW operation. He managed the mine geology and annual budgets of > $10 million with workforce of over 80 employees and contractors.

After working throughout the Western United States, Mexico, and South America as an employee and consulting geologist for a number of large mining companies, Dr. Zweng in 1988 became the founder, CEO and Chairman of Patagonia Exploration, a California-based exploration company focused on mineral exploration in southernmost Chile and Argentina. During 1988-1995, Dr. Zweng discovered two mineral prospects, with one optioned to Echo Bay Mines.

He received two B.Sc. degrees with distinction in Geology and Applied Earth Sciences (Mineral Economics) from Stanford University (California) in 1980, a M.Sc. degree in Geology from Queen’s University (Ontario) in 1984 and a Ph.D. in Applied Earth Sciences (Ore Deposits) from Stanford University (California) in 1993. Dr. Zweng has published several articles and abstracts on geology and ore deposits in two languages in scientific journals.

Dr. Zweng is a director and founder of Antares Minerals Inc.

George F. Putnam
Chief Financial Officer

Mr. Putnam brings a wealth of international finance and business experience to the QGX team, specifically in natural resource businesses, gained from a 21 year career with BHP (now BHP Billiton), and GE/Utah International Inc..

While in BHP, Mr. Putnam held Division CFO roles with BHP Hawaii, a petroleum refining and product sales business (annual revenues +US$1 billion) and with BHP Manganese, an ore mining, ferro-alloy smelting and refining (EMD) business located in Australia, with sales throughout Asia, Europe, Russia, and the Americas/Mexico (annual revenues US$500 million). He also held an Assistant Treasurer position for BHP in the USA, managing banking relationships, currency & commodity hedging programs, debt portfolios, project financings, offshore trusts, and insurance functions. Other assignments with BHP included corporate strategic planning roles, internal audit, and sales contract administration for BHP’s coal operations in New Mexico.

Mr. Putnam’s natural resource industry-related finance experience includes surface coal operations, steel-making products businesses, petroleum refining and product sales, and copper/gold mining businesses. His M&A background includes both acquisition and divestiture experiences, and complex long term Joint Venture arrangements governing sales and asset ownership with international customers. One acquisition also included securing non-recourse purchase financing (US$200 million) from multiple financial institutions. Mr. Putnam also served on the founding finance team for Quadrem, the Internet procurement marketplace tailored to the mining, minerals and metals industries, launched by an international consortium of resource companies in 2001.

Mr. Putnam has previously worked for DHL Worldwide Express, and most recently for Kaiser Permanente, the largest HMO in the USA (US$25 billion annual revenues), as Senior Finance Director (acting CFO) of a multi-billion dollar Electronic Health Record project servicing over 8 million members. Mr. Putnam received a BA in Economics from Gettysburg College in 1975 and an MBA in finance from Duke University in 1977.

John D. Thompson, BE (Min)
Vice President, Project Development

Mr. Thompson brings to QGX the necessary depth and experience in operations to guide the continued development of the Baruun Naran (coking and steaming coal) and Golden Hills (copper, gold, and silver) projects as they move into the pre-feasibility stage. Mr. Thompson’s career spans 36 years working in open-pit and underground operations as well as project development for the Utah Development Company, BHP, Newcrest Mining, and others in Australia, New Zealand, and the United States. At various points in his career Mr. Thompson was the Mine Manager of BHP’s Blackwater mine, Queensland (annual production of 4.3 Mt coking coal and 1.4 Mt steaming coal; 510 employees), the Project Manager for Newcrest Mining’s Cadia Hill mine, New South Wales (annual production capacity of 300,000 oz gold and 25,000 mt copper), and the General Manager for Newcrest Mining’s Telfer gold mine, Western Australia (annual production of 308,000 oz gold; 700 people workforce). Mr. Thompson’s appointment commenced on November 1st.

Hannah Badenach, BA, LLB (Hons)
Manager, Administration, Ulaanbaatar Office

Hannah joined QGX in February 2006 and is responsible for administration, human resources, community relations, health and safety, environment policies, exploration/mining license management, tax and regulatory filings, monitoring mining law, and other functions for the head office in Mongolia. Prior to joining QGX, Hannah worked in law firms for five years in Australia with Ogilvie Jennings, two years in the United Kingdom with Bircham Dyson Bell, and two years in Mongolia as an attorney with Lynch & Mahoney. During her two years with Lynch & Mahoney, Hannah advised and assisted in project financing and joint-venture exploration (mining) agreements. Hannah holds a Bachelor of Arts and a Law Degree (Honors) from University of Tasmania.

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