On June 11, 2014, Mark Gasson consented to and was appointed to act as an additional director of Panex by the board of directors. Mark Gasson (56 years old) has been the Chief Executive Officer and President of Panex since December 2013 and a director of Panex since June 2014. During the last 5 years Mr. Gasson was Managing Director of Australian listed Erongo Energy Limited until he resigned in August 2013 and has been a Director in Canadian listed Alphamin Resources Corp.

since December 2011.