Pierce Carson, President and Director

W. Pierce Carson, PhD, was appointed President and CEO and a Director in June 2016. He joined Magellan in June 2015 as President of the Compny’s 85% owned minerals subsidiary, Gulf & Western Industries, Inc. Dr. Carson is a well-qualified mining executive who has managed the discovery, development and operation of mining properties internationally and domestically in an accomplished career spanning over forty years. He has been closely involved with a number of mineral deposits that have been developed into mines in Australia, Papua New Guinea and the United States. Among the companies he has worked for are Exxon Minerals Company; Kennecott Copper Corporation; Nord Pacific Limited and Santa Fe Gold Corporation. Dr. Carson holds a PhD in Economic and Structural Geology and an MS in Ore Deposits from Stanford University, and a Bachelor’s Degree in Geology from Princeton University.

John Power, Chief Financial Officer and Director

John C. Power has served as Chief Financial Officer and a Director since the Company’s inception in 2010, and until June 2016 also was President. Mr. Power has 30 years’ experience in managing public and private companies across diverse industries including mining, oil and gas, real estate, broadcasting and a closed end mutual fund. Currently Mr Power also is president and a director of Athena Silver Corporation (OTCBB: AHNR) and serves as co-manager of Silver Saddle Resources, LLC, a private exploration company. Mr. Power attended Occidental College and the University of California at Davis.