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Directors & Senior Management

Mr Sam Wright - Director & Company Secretary

sam@pharmaust.com

Mr Sam Wright is experienced in the administration of ASX listed companies, corporate governance and corporate finance. He joined the Company as the Financial Controller in September 2006, was appointed as the Company Secretary in August 2007, and was appointed as a Director in October 2008.

Mr Wright has over ten years' experience in the pharmaceutical, biotech and healthcare industry and a member of the Australian Institute of Company Directors, the Financial Services Institute of Australasia, and the Chartered Secretaries of Australia.

Mr Wright is currently a Non-Executive Director and Company Secretary of ASX listed companies, Buxton Resources Limited, PharmAust Limited and Structural Monitoring Systems plc.

He is also Company Secretary for ASX listed company, Cove Resources Limited. Mr Wright has also filled the role of Director and Company Secretary with a number of unlisted companies. He is the principal of Perth-based corporate advisory firm Straight Lines Consultancy, specialising in the provision of corporate services to public companies.

Mr Bryant McLarty - Executive Chairman

bryant@pharmaust.com

Mr Bryant McLarty has extensive managerial experience and a practical working knowledge of the securities industry in Australia and overseas. His role at PharmAust Limited includes day to day management, strategic planning, fundraising and the development and promotion of the company's business along with the introduction of new projects. Mr McLarty is a founding director of PharmAust.

Mr Mclarty is also currently a Non Executive Director of Aviation Plc which is listed on the London Stock Exchange. Aviation is a leasing company with a fleet of aircraft, worth in excess of US$250m, currently on long term commercial leases to a range of operators in Europe, the US and Australia. AVAP just delivered 2 of a possible 18 planes to Virgin Australia.

Mr Henry Gulev - Non Executive Director

henry@pharmaust.com

Mr Henry Gulev has been a community pharmacist for more than 20 years and state board member for Chemmart at Symbion Health Limited for more than 10 years. He has a wealth of experience, commercial acumen and keen interest in the development of pharmaceuticals and inception of new products. He is the owner of the highly innovative and successful The Downs Pharmacy Wembley Downs and has been a community pharmacist since graduating from the WA Institute of Technology (now Curtin University of Technology) in 1980.

Mr Greg Cunnold - Non-Executive Technical Director

greg@pharmaust.com

Mr Greg Cunnold is a geologist with over 18 years' experience in the international exploration industry. His expertise extends from project definition and acquisition, through grass roots exploration and delineation, to resource definition and bankable feasibility. During his career Greg has worked on a range of precious metal, base metal and industrial mineral projects throughout the world.

Mr Cunnold was the first geologist to Romania for Gabriel Resources, where he resided for 5 years working as project manager on the Rosia Montana gold project, culminating in the completion of a BFS on the 14 million ounce gold deposit defined there. More recently Greg was the Exploration Manager for Reward Minerals, during which time the company discovered and delineated Australia's first potash resource of over 20 million tonnes of potassium sulphate at Lake Disappointment.

Mr Cunnold holds a Bachelor of Science (Geology) degree from the University of Western Australia. He is also a member of the Australian Institute of Geoscientists (MAIG) and the Australian Institute of Mining and Metallurgy.

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