STAR ROYALTIES LTD.

Belinda Labatte

MBA, CFA, ICD.D
Director

Belinda Labatte is a Director of Star Royalties. She has extensive experience in global IR and capital markets, transaction negotiations, and implementing corporate responsibility, risk and crisis management strategies within the mining sector. Ms. Labatte is currently Chief Development Officer of Mandalay Resources and serves as Director of Caldas Gold and of Rambler Metals & Mining. She founded The Capital Lab Inc. in 2005 and has also served as Director of the Prospectors and Developers Association of Canada since 2015. In 2014, Ms. Labatte was awarded the Professional of the Year Award from the Canadian Investor Relations Institute. She has been a member of the Institute of Corporate Directors and has held the ICD.D designation since June 2018. Ms. Labatte holds an MBA from the Rotman School of Management, University of Toronto and is a CFA charterholder.

Kenneth Ngo

BBA, CPA, CA
Chief Financial Officer and Corporate Secretary

Kenneth Ngo is the Chief Financial Officer and Corporate Secretary of Star Royalties. He has over 20 years of progressive finance experience across several publicly traded companies, ranging from financial reporting, financial planning and analysis, equity administration, treasury and tax. Mr. Ngo was most recently consulting at Franco-Nevada in a senior finance role, where he was responsible for financial reporting and accounting research. Prior to Franco-Nevada, he consulted for Torex Gold in a controllership function. Before that, Mr. Ngo spent two years at a start-up company as Chief Financial Officer. His previous mining finance experience includes Director of Financial Reporting at Golden Star Resources from 2013 to 2018, as well as Senior Manager of Financial Reporting at Lundin Mining from 2009 to 2013. He received his Chartered Accountant designation while working for Deloitte. Mr. Ngo holds a Bachelor of Business Administration degree from Simon Fraser University and is a Chartered Professional Accountant in Canada and in the United States.

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.

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.

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.

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.