
	Mr. Brian W. Penny has been the Chief Financial Officer and Executive Vice President of New Gold, Inc. since June 01, 2009. Mr. Penny has been an Advisor at Silver Bear Resources Inc. since June 15, 2011. He has been Chief Financial Officer of Rainy River Resources Ltd. since October 2013. He served as Vice-President of Finance and Chief Financial Officer of Silver Bear Resources Inc. until June 15, 2011, and served as its Chief Financial Officer from January 2005 to June 15, 2011. He joined Silver Bear Resources Inc. in January 2005. He served as Chief Financial Officer of Western Goldfields Inc. since February 13, 2006 until 2009 and also served as its Principal Accounting Officer. Mr. Penny served as Vice President of Finance and Chief Financial Officer of Toronto-based Kinross Gold Corp. from May 1993 to June 2004. He joined Kinross in 1993. He served as Chief Financial Officer and Principal Accounting Officer of Echo Bay Mines Ltd. and also served as its Vice President since January 31, 2003. He served as Treasurer of Kinam Gold Inc. since June 1998. He served as Acting Chairman of Equinox Minerals Ltd., from March 29, 2007 to July 1, 2007. He has been an Independent Non-Executive Director of Equinox Minerals Ltd. since December 8, 2004. Mr. Penny served as a Director of Baffinland Iron Mines Corp. from June 29, 2004 to June 2008 and Alamos Gold Inc. from May 24, 2005 to May 2008. He served as a Director of Kinross Gold Corp. Mr. Penny served as a Director of Echo Bay Mines Ltd. since January 31, 2003 and Kinam Gold Inc. since June 1998. He is a Certified Management Accountant with approximately twenty three years experience in the mining industry. Mr. Penny holds a Diploma in Business Accounting from the Cambrian College of Applied Arts &amp; Technology.
