TSX-V: IFOS

Brent de Jong

Director and Chairman

Mr. de Jong is a Partner at Castlelake, responsible for the firm’s investments in emerging markets. He joined Castlelake in 2016 with over 18 years of investment experience, having worked on more than 200 investments across 43 countries. Over the course of his career, Mr. de Jong has developed a broad range of expertise in emerging markets in a variety of sectors, including: energy, telecom, financial, natural resources, real estate, and transportation. Prior to joining Castlelake, Mr. de Jong was the chief executive officer of Zaff Capital LP, a private equity and real estate investment firm specializing in distressed investments and emerging markets. During his time at Zaff, Mr. de Jong also served as an executive board member of RA Holdco, which emerged from the reorganization of Arcapita, a Bharaini investment bank, and was the first Sharia compliant bankruptcy in the US. Prior to joining Zaff, Mr. de Jong was the lead investment professional with Ashmore Investment Management for special situations and infrastructure investments and served on the firm’s investment committee. During his time at Ashmore, Mr. de Jong founded and was seconded to AEI, a U.S.$10 billion emerging market energy infrastructure company, and served as the chief executive officer and vice chairman of the board of directors and focused on strategy and development. Earlier in his career, Mr. de Jong worked at JPMorgan’s financial institutions group in London and JPMorgan’s structured finance group in New York. Mr. de Jong received a Bachelor of Arts from Georgetown University in economics. Mr. de Jong currently serves as an executive director at Agria Corporation, a NYSE listed company with assets primarily in New Zealand, and a board member of several other organizations in the investment, mining and non-profit sectors. Mr. de Jong is a current director of GB Minerals Ltd., a TSXV- listed issuer, and has previously acted as a director of Connacher Oil and Gas Limited (TSX) and Largo Resources Ltd. (TSX).

Dr. Mhamed Ibnabdeljalil, Ph.D.

Director

Dr. Ibnabdeljalil, is the Founder and Managing Partner at Spika Ventures LLC, a strategic advisory and corporate development firm based in New York City focused on natural resources, basic materials including fertilizers and industrials sectors. Dr. Ibnabdeljalil has broad sector expertise in a wide range of basic materials, chemicals, and industrials. He served as the EVP and Chief Commercial Officer of OCP Group S.A., a global leader in the phosphate industry, and led the corporate and strategic restructuring of OCP and reshaped its role in the phosphate fertilizer sector. Dr. Ibnabdeljalil has a track record in leading multi‐billion dollar sales, marketing, raw material procurement, logistics and business development efforts across geographies in emerging and developed markets. Dr. Ibnabdeljalil served on the board of directors of several international companies and associations, including Prayon, Paradeep Phosphate Ltd., Bunge Maroc Phosphore (JV with Bunge Fertilizantes), Black Sea GÜBRE TİCARET A.Ş as Chairman (JV with Toros Tarim A.$.), IMACID (JV with Tata and Chambal Chemical), and EMAPHOS (JV with Prayon and Budenheim) and the International Plant Nutrition Institute as Vice Chairman. He also served on the boards of OCP’s subsidiaries Marphocean S.A. and Société de Transports et d’Affrètement Réunis S.A. and OCP International Coöperatieve U.A. as chairman, Maroc Phosphore S.A, Phosboucraa S.A, OCP de Argentina SA, OCP do Brazil and OCP Foundation. Dr. Ibnabdeljalil holds a Bachelor’s and Master’s degree in Aeronautical Engineering from the London University and a Ph.D. in Theoretical and Applied Mathematics from Cornell University.

G. David Delaney

Director

Mr. Delaney serves as a Strategic Advisor for Paine & Partners, a private equity firm that focuses on the large and growing food and agribusiness sectors. He most recently was the EVP and Chief Operating Officer of Potash Corporation of Saskatchewan, Inc. (“PotashCorp”) (NYSE: POT, TSX: POT.TO) where he oversaw operations across the company’s business segments, spanning 16 different sites. As President of Sales at Potash, Mr. Delaney led the centralization of the global sales function and had oversight of all PotashCorp’s Sales, Marketing, Market Research, Transportation and Distribution activities. Prior to PotashCorp, he held various sales and product positions at Arcadian Corporation Ltd until it was acquired by Potash Corp in 1997. Mr. Delaney has served on a numerous boards, including Arab Potash Company where he also served as a member of the Developmental Committee and as a Director at Canopex Limited. He has also served as Chairman for Fluid Fertilization Association and Phosphate Chemicals Expert Association (PhosChem) and was a Director for the International Plant Nutrition Institute. Mr. Delaney serves on the Foundation Board for Southern Illinois University, where he earned his Bachelor of Science in Agriculture.

José Manuel Ramos-Horta

Director

Mr. Ramos-Horta is the United Nations’ special Representative and Head of the United Nations Integrated Peacebuilding Office in Guinea-Bissau (UNIOGBIS). Previously, he was special envoy to fellow Lusophone country, Guinea-Bissau, and was the President of East Timor from May 2007 to May 2012, the second since independence from Indonesia. He is a co-recipient of the 1996 Nobel Peace Prize and a former prime minister, having served from 2006 until his inauguration as president after winning the 2007 East Timorese presidential election. As a founder and former member of the Revolutionary Front for an Independent East Timor, Mr. Ramos-Horta served as the exiled spokesman for the East Timorese resistance during the years of the Indonesian occupation of East Timor (1975 to 1999). After East Timor achieved independence in 2002, Mr. Ramos-Horta was appointed as the country’s first foreign minister. He served in this position until his resignation in June 2006. In 2006, Mr. Ramos-Horta became the second prime minister of East Timor.

Anthony Cina, CPA, CA, ICD.D

Director

Mr. Cina previously held the title of Vice President, Finance and Chief Financial Officer of the Company from June 2009 through June 2012, and has over 25 years’ experience in accounting, finance and tax-related matters. Mr. Cina is a senior executive at Yamana Gold Inc. and has deep experience in doing business in South America, particularly in Brazil, aligning in-country efforts and resources with corporate strategy and optimizing organizational structures and behaviours to support and complement operational efforts. He has also recently been involved in several mergers and acquisitions, operations optimization and asset and debt restructuring transactions, namely in Brazil. Mr. Cina is Chartered Accountant and Chartered Professional Accountant and was recently awarded the ICD.D designation from the Institute of Corporate Directors. He holds a Bachelor of Commerce degree from the University of Toronto.

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