Richard Bedell
Executive Vice President, AuEx Ventures and President, AuEx Argentina SA.
Certified Professional Geologist (CPG) CPG-11156

Timothy M. Janke
Vice President and Chief Operating Officer

Eric Struhsacker
Exploration Manager US

SUMMARY OF QUALIFICATIONS

Exploration Manager with an exceptional record of successful discovery and development of several North American gold projects.

Over 38 years of diverse exploration experience including all facets of precious metals exploration from reconnaissance to intensive development. Managed one of the largest private mineral estates in North America. Highly motivated, hardworking and committed to win.

SIGNIFICANT ACCOMPLISHMENTS

Managed the discovery and development of the Rabbit Creek, Lone Tree and Trenton Canyon gold deposits and participated, via joint venture, in the discovery and development of the Marigold, North Peak, Cipoeira and Gold Hill gold deposits as well as the Trinity silver deposit. Managed the development of resource to reserve at the Twin Creeks, Mule Canyon, Valmy and Mesquite gold deposits. Cumulatively, these activities resulted in the creation of over 15 mm ounces of gold reserves within a 12-year period and North America's fifth largest gold mining company, which produced over 850,000 oz of gold during 1996.

Managed the consolidation of Gold Fields Mining Corp's US exploration staff with Santa Fe's US exploration staff after completion of the Hansen PLC/Santa Fe Asset Exchange in 1993. Member of the Executive Due Diligence team that evaluated the Homestake Mining Co. and Newmont Gold Co. offers to acquire Santa Fe via merger in late 1996 and early 1997.

PROFESSIONAL EXPERIENCE

AUEX VENTURES, INC.
Reno, Nevada
January 2003 To Present

President & Chief Executive Officer, January 2003 to Present
Co-managed the creation of a new private gold exploration company focused on Nevada. Acquired several projects and commenced joint venture business approach. Took company public in mid 2005 via an IPO.

PARRATT GEOLOGICAL SERVICES, LLC.
Reno, Nevada
March 2002 To December 2002

Manager, March 2002 to December 2002
Operated a geological consulting service business focused on finding and acquiring new precious metals exploration targets in Nevada. Acquired projects for clients and seed interests, eventually leading to AuEx Ventures.

HOMESTAKE MINING COMPANY
Sparks, Nevada
June 1997 To February 2002

Exploration Manager, North America - June 1999 to February 2002
Directed Homestake's exploration and development programs for the United States and Canada. Direct involvement in activity at the Pinson, Marigold, Round Mountain, Ruby Hill, Lead and Eskay Creek mines and in developing new targets for exploration within the Great Basin and in northern British Columbia.

Director of Exploration, Americas - June 1997 to June 1999
Directed Homestake's exploration and development programs in the United States and in South America including Venezuela, French Guyana, Brazil, Peru, Chile and Argentina.

SANTA FE PACIFIC GOLD CORPORATION
Reno, Nevada
February 1978 To May 1997

Vice President of Exploration - October 1996 to May 1997
Responsible for all facets of Santa Fe's worldwide exploration and development programs consisting of intensive exploration activities in the United States, Brazil and Central Asia and active programs in Canada, Mexico, Chile, West Africa and Australia.

Director of Exploration, The Americas - March 1996 to October 1996
Directed Santa Fe's exploration and development programs in North and South America including Canada, United States, Mexico, Brazil and Chile.

Director of North American Exploration - December 1994 to March 1996
Directed Santa Fe's exploration and development programs in North America including the United States, Canada and Mexico.

Director, US Exploration - December 1991 to December 1994
Directed Santa Fe's US exploration and development programs.

Director of Exploration, Northwest Region - July 1989 to December 1991
Directed Santa Fe's Great Basin exploration program.

Exploration Manager, Northwest Region - July 1984 to July 1989
Managed Santa Fe's Great Basin gold exploration program post-completion of the Santa Fe/Southern Pacific merger.

SOUTHERN PACIFIC LAND COMPANY
San Francisco, California - Reno, Nevada
February 1978 To July 1984

Manager,Minerals - May 1980 to July 1984
Opened new exploration office in Reno, hired initial staff and commenced gold exploration program in Nevada. Curtailed leasing activities in favor of joint ventures. Southern Pacific merged with Santa Fe in 1984.

Senior Geologist February 1978 to May 1980
Responsible for overseeing leasing, exploration and development activities for minerals, oil and gas and geothermal resources on Southern Pacific's 8 mm acre land package in California, Nevada and Utah.

STAUFFER CHEMICAL COMPANY
Richmond, California
June 1971 To August 1974
June 1975 TO February 1978

Geologist
Performed exploration and development activities for western phosphate rock, borates, trona and fluorspar in Idaho, Utah, Wyoming, California and New Mexico. Served as the Resident Mine Geologist for Stauffer's Big Island underground trona mine in Wyoming with involvement in surface and underground exploration and development drilling, rock mechanics studies and ground water investigations.

EDUCATION

• Master of Science-Economic Geology, Purdue University 1975
• Bachelor of Science-Geochemistry, Purdue University 1970

PROFESSIONAL AFFILIATIONS

• Commissioner, Nevada Commission on Mineral Resources
• Registered Geologist #3378, State of California
• Professional Geologist #2945, State of Wyoming
• Certified Professional Geologist # 7616, American Institute of Professional Geologists
• Mackay School of Mines, University of Nevada-Reno, Advisory Board Member
• The Mining and Metallurgical Society of America, Member
• Northwest Mining Association, Member
• The Geological Society of Nevada, Member
• Society of Economic Geologists, Fellow

Back to Management

New Book: Remote Sensing and Spectral Geology Reviews in Economic Geology Volume 16 SEG Website

International polymetallic exploration with strong field based skills and the ability to develop and apply a broad range of geotechnologies.

• The ability to locate hypogene systems in well explored areas with unprecedented success.
• Management of international exploration teams and technical groups.
• Developed probability techniques for mapping favorable exploration regions. The method developed expands the capability of fuzzy logic. The current State of Nevada Geothermal probability map was done with these techniques (Coolbaugh & Bedell 2002).
• Involved in target selection and project generation world wide for 20 years.
• Field expertise is well developed for alteration mapping and structural geology.
• Established techniques for dealing with multi-element geochemistry using background parameters, correlation coefficients, factor analysis and spatial coherence to derive geochemical populations.
• Geophysical data processing and integration.
• Effective technical transfer to field crews for implementation. Established short courses that have been given world wide.

articles

Work History: Richard Bedell

Currently:

Director and V.P. of AuEx Ventures Inc.

Adjunct Faculty Exploration Geophysics Mackay School of Earth Sciences and Engineering, University of Nevada, Reno.

http://www.unr.edu/mines/able

September 1993 - November 2000 Technical Group Manager and Senior Geologist Homestake Mining Company. Responsible for project generation and to setup and manage the technical group.

1991-1993 Technical Director GIS Center Boston College. Cross appointed as Assistant Professor Center for Remote Sensing Boston University.

1989-1991 Exploration Manager, Burundi Mining Company.

1987-1989 Director, Terra Investigations & Imaging Ltd. Consultancy for minerals and technical applications. Clients included the European Space Agency, imaging consulting, software development including development and commercialization of WARP(c) 1988 map rectification program.

1986-1987 M.Sc. University of London. GIS and Remote Sensing. Thesis Supervisor Physics Department Imperial College London. Thesis: Edge enhancement and structural controls of Archean Gold Systems in Northern Tanzania.

1984-1986 Consulting on geological programs in Asia for BP Minerals and Tanzania for Dar Tadine Tanzania.

1983-1984 Research Geologist BP Minerals International. Base Metal Exploration Techniques. 1982: Field Party Chief for Riocanex in the Eastern Maritime provinces of Canada

1980-1981 M.Sc. Geology Department University of Toronto in Canada. Full scholarship and support to run a program for the Ontario Geological Survey in Bancroft Ontario. Thesis: Pegmatite emplacement mechanisms of the Madwaska Mines, Bancroft Ontario.

1979 Research Assistant: Museum of Natural History in NYC. Funded by NASA to investigate the petrology of meteorites. Cross appointed at Mount Sinai Hospital to work on the crystal chemistry of asbestos.

1974-1979 Hampshire College. Graduated with a degree from the School of Natural Sciences and Mathematics. Thesis Sulfide/Oxide Equilibria of Ultramafic Xenoliths.

1975 Pegmatite Miner, Maine USA.

Back to Management

SUMMARY OF QUALIFICATIONS

Highly skilled, experienced and award winning General Manager with a broad range of expertise in mining operations throughout the US, Canada and Australia.

GOLDCORP INC. 2009 - 2010

General Manager---Projects

RESOURCE EXPLORATION ACCOMPLISHMENTS

Delineation of Hydrothermal Metals Deposits

• Developed geologic models from drilling data at the Lone Tree, Trenton Canyon, Valmy, and Pinson Mines in northern Nevada.
• Designed and managed multi-rig drilling programs utilizing reverse circulation, mud rotary, and core rigs to expand and delineate gold reserves.
• Assembled and managed teams of professionals charged with conducting delineation work.
• Assisted mine engineers in identifying potential reinjection or infiltration sites for effluent from the pit dewatering program at the Lone Tree Mine.

• Designed and conducted reconnaissance programs for base and precious metals in the Great Basin, Rocky Mountains, Southwest U.S., and the northern Appalachian Mountains.
• Identified drilling targets by conducting detailed and regional mapping to develop models of likely paleo-hydrothermal flow patterns and sites of metal deposition. Integrated the geologic information with geochemical, geophysical, and remote sensing data to enhance exploration models.
• Discovered metals deposits by designing and implementing early stage reverse circulation, mud rotary, and core drilling programs.
• Designed and performed drill sample logging methods appropriate to the geologic setting of each prospect.

• Developed models for structural and lithologic controls on hydrothermal flow patterns by means of detailed mapping in the Corwin Springs-Gardiner area, Montana and at Beowawe and McCoy Springs, Nevada. Conducted Nevada work as a researcher in the DOE Industry-Coupled Program, 1978-1980.
• Managed multidisciplinary team of professionals developing resource models for potential low-temperature geothermal applications at Artesian City, Idaho and Star Valley, Wyoming. Work conducted under DOE Exploration Technology Program, 1980-1981.
• Enhanced understanding of active and paleo-hydrothermal systems by integrating multidisciplinary geoscientific data acquired from active geothermal systems.

Exploration Manager US, AuEx Ventures Inc. 05/17/06 to Present

Senior Geologist, AuEx Ventures Inc. 9/1/05 to 05/17/06

Senior Consulting Geologist, AuEx Ventures Inc. 3/04 to 9/1/05

Consulting Exploration Geologist, Reno, Nevada Owner/Principal 2003 - 2005
Providing geologic and project management services for mineral and geothermal resources exploration and development.

Victoria Resource Corporation Geologist 5/-9/2003

Consulting Exploration Geologist, Reno, Nevada Owner/Principal 2002 - 2003
Providing geologic and project management services for mineral and geothermal resources exploration and development..

Homestake Mining Company, Sparks, Nevada Senior Geologist 1997 - 2001

Santa Fe Pacific Gold Corporation, Reno, Nevada Senior Geologist 1993 - 1997

Consulting Exploration Geologist, Reno, Nevada Owner/Principal 1991 - 1993

Chevron Resources Company, Denver, Colorado and Reno, Nevada Senior Geologist 1981 - 1991

Earth Science Laboratory/University of Utah Research Institute Associate Geologist 1978 - 1981

Exxon Minerals Company, Missoula, Montana and Tucson, Arizona Geologist 1976 - 1978

EDUCATION

M.S., Earth Sciences, Montana State University, 1976; Thesis: Geothermal Systems of the Corwin Springs-Gardiner Area, Montana: Possible Structural and Lithologic Controls.

A.B., Cum Laude, High Distinction in Earth Sciences, Dartmouth College, 1973; Thesis: Page, R., Stimson, J., and Struhsacker, E., Geology of the northern part of the Nueva Santa Rosa quadrangle, Guatemala.

Professional Courses: Geology of Geothermal Systems, Yellowstone Institute, 1975; Exxon Structural Geology School, 1978; Volcanic Rocks and Their Vent Areas, University of Nevada/Reno, 1979; Geochemistry of Geothermal Systems, GRC, 1980; Geostatistical Ore Reserve Estimation, I. Clarke, 1988 and 1990; Ore Reserve Estimates in the Real World, J.G. Stone and P.G. Dunn, 1993; Management Training, T. De La Porte, 1996; Economic Evaluation and Investment Decision Methods, F. Stermole, 1996; MEDS General Training and MineSight, 1997; Mine Safety and Health Administration Annual Refresher Course , Surface Metal and Nonmetal Mines-2004.

PROFESSIONAL REGISTRATION

Wyoming Professional Geologist Registration No. PG-1995

PROFESSIONAL SOCIETIES

Geological Society of Nevada:

Society of Economic Geologists

SME/AIME

Northwest Mining Association

Geological Society of America

Prospectors and Developers Association of Canada

Association for Mineral Exploration - BC

Nevada Petroleum Society

Back to Management