Mr. Peniuk received his Bachelor of Commerce degree from the University of British Columbia in 1982. He subsequently received his designation as a Chartered Accountant from the Institute of Chartered Accountants of British Columbia in 1986. Mr. Peniuk has been a member of the Institute of Chartered Accountants of British Columbia's Public Company Technical Forum since 2000 and is currently the Chair of that committee. Mr. Peniuk currently provides financial consulting services to companies in the mining industry and serves as a director of six other public companies/reporting issuers.