STAR ROYALTIES LTD.

Tony Lesiak

BSc, MBA, MAG
Executive Chairman

Tony Lesiak is the Executive Chairman of Star Royalties. He was formerly Senior Advisor, Investment Banking at Canaccord Genuity where he focused on the mining royalty and streaming space. He previously held the position of Managing Director and Global Head of Mining Research and was responsible for coverage of the Canadian large capitalization precious metal equities. He has been researching the metals and mining sector for over 20 years. Prior to rejoining Canaccord Genuity in September 2013, he was Managing Director and Senior Mining Analyst at Macquarie Capital Markets. Mr. Lesiak was a Principal and Senior Mining Analyst at Genuity Capital Markets from 2007 to 2010 and previously held senior positions in mining equity research at UBS (Toronto) and HSBC (New York and Toronto). Mr. Lesiak earned a B.Sc in Geology and an MBA (Rotman) from the University of Toronto and holds an International MBA specializing in Economics from Johannes Kepler University in Austria.

Aneel Waraich

MBA
Director

Aneel Waraich is a Director of Star Royalties. He is also currently Director, Executive Vice President and Co-Founder of Steppe Gold, a gold producer in Mongolia. Mr. Waraich is a financial services professional with over 15 years of progressive experience in capital markets, having worked on over $1B in transactions. He is the Founder of ATMA Capital Markets where he focuses on advising public and private companies in the natural resources sector. Mr. Waraich holds an MBA from the Goodman Institute of Investment Management at the John Molson School of Business.

Matthew Wood

HBSc
Director

Matthew Wood is a Director of Star Royalties. Mr. Wood is a mineral resource explorer and developer with over 25 years of global industry experience in mining and commodities investments. He is also currently the Chairman of Steppe Gold, a gold producer in Mongolia. He has managed investment deals in diamonds, coal, energy, ferrous metals, base and precious metals, and other commodities. Mr. Wood possesses unique skills in technical and economic evaluation of resource opportunities which have resulted in a record of nurturing resource deals from early stage, to market listings and exit strategies for his investors. He was formally the Founder and Executive Chairman of Mongolian coal company, Hunnu Coal Ltd. Hunnu Coal was awarded IPO of the Year for all sectors on the ASX in 2010, and its sale for approximately A$500M in 2011 to Banpu PCL was recognized as the Mines and Money 2012 Deal of the Year. Mr. Wood has founded and been involved in many other resource companies and investments through the years. Mr. Wood holds an Honours degree in Geology from the University of New South Wales and a graduate certificate in Mineral Economics from the Western Australian School of Mines.

Jay Layman

BSME, MBA, ICD.D
Director

Jay Layman is a Director of Star Royalties. He is also currently Director, President and Chief Operating Officer of Seabridge Gold. Under this role, Mr. Layman has been responsible for designing and managing the technical programs required to advance Seabridge Gold's two main assets – KSM and Courageous Lake. Most recently, he was Vice President Solutions and Innovation for Newmont Mining where he was responsible for managing Global Technical Services and launching a Global Innovation Department. Functions reporting to him included Mining Engineering, Metallurgy and Process, Geostatistics and Reserves, Economic Geology, Project Engineering, Renewable Energy and Global Exploration, Technology and Solutions. During his employment at Newmont, he was responsible for managing numerous Feasibility Studies and his career includes experience in Business Development, Operations, Finance and B2B Supply Chain connectivity. In his wide-ranging career, Mr. Layman has lived in Kazakhstan, Uzbekistan, Tajikistan, Indonesia and Australia and has additional work experience in Russia, Singapore, China and Peru. He has worked in both underground and open pit operations containing gold, copper, silver, lead and zinc metals. Mr. Layman holds Bachelor's Degrees in Mechanical Engineering and Finance from Washington State University and an MBA from Eastern Washington University.

Alex Pernin

MSc, P.Geo.
CEO and Director

Alex Pernin is the Chief Executive Officer and a Director of Star Royalties. He was previously responsible for managing capital allocation and corporate development at Barrick Gold where he oversaw all major internal, joint-venture and M&A opportunities. He was involved in the $6B Randgold Resources acquisition, the largest gold sector acquisition in a decade, as well as the $5B Barrick Gold – Newmont Mining Nevada Joint Venture. Prior to Barrick Gold, Mr. Pernin was in equity research at Canaccord Genuity where he covered junior and mid-capitalization precious metals producers as well as royalty and streaming companies. Before that, he was at Freeport-McMoRan and Northern Superior Resources in mining operations and greenfields exploration roles, respectively. Mr. Pernin is a Registered Professional Geologist (APGO) and holds an Honours Bachelor of Science degree in Geology (gold medallist) and a Master of Science degree in Economic Geology, both from the University of Toronto.

Kevin MacLean

P.Eng., CFA
Chief Investment Officer

Kevin MacLean is the Chief Investment Officer of Star Royalties. He has over 30 years of experience specializing in precious metals and mining investments. He was the senior portfolio manager heading the resource investment team at Sentry Investments until 2017, with peak assets under management of approximately $2-billion. Mr. MacLean received 13 Lipper awards over multiple time periods for best risk-adjusted returns in the gold mining sector and was the recipient of seven Brendan Wood International Top Gun awards for recognition of being a leading mind in the gold mining sector. Mr. MacLean is a Professional Engineer, holds a Bachelor of Applied Science (nuclear engineering) from the University of Toronto, and is a CFA charterholder.