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<br />investor and engineering consultant. He is on the board of <br />directors of several public and private companies; and is a <br />registered professional engineer and a registered land <br />surveyor in the state of Colorado. <br />Michael Owen is a graduate of Princeton University, <br />where he received a B.S.E. degree in 1959, and the <br />Massachusetts Institute of Technology, Sloane School of <br />Management, where he received his M.S. in 1961. <br />He has servec9 as the Chairman of the Board and Chief <br />Executive Officer of Royal Resources Corporation since 1976, <br />Prior to that timer, he was primarily self-employed as a <br />financial and management consultant in Denver. In addition <br />to Royal Resources, he is a directoC of the One Aundred Fund, <br />Inc. and the One Hundred and One Fund, Inc., which are both <br />open end mutual funds founded by Mr. Owen and Wallace Gauge <br />in 1966. <br />DMFC charges 1`.or its services on a fixed or hourly fee <br />basis, but will al;~o take success fees, management fees, and <br />equity participations. It is also free to invest for its own <br />account in ventures identified in its practice. <br />LIST OF CLIENTS <br />Alaska Mineral Resources Company <br />Camp Bird Venture <br />Chipeta Mining Corporation, a subsidiary of Western <br />Mining Corporation Limited <br />Northern Minerals Corporation <br />Harrison Western Corporation <br />Royal Gold, Inc. <br />Rev_ 2,'37 <br />