Management Team

Barry Lucas  - Chairman of the Board & Chief Executive Officer

Mr. Lucas is an Australian national with over 25 years of experience in the mining industry. He has extensive experience in South East Asia and has served on the Board of Directors for several mining companies. In addition, Mr. Lucas was one of the founders of Angkor Wat Minerals Ltd., in Cambodia, which Elray Resources, Inc. acquired 100% control of in August 2008. Grab samples from these properties have returned values of up to 71.9 grams/tonne of gold, and the company intends to aggressively pursue these targets in the coming months.

In the last ten years, Mr. Lucas has been actively involved in sourcing new mineral deposits throughout Asia for a number of companies. He has considerable experience working with the government of Cambodia and the Ministry of Industry, Mines and Energy (MIME). He brings to Elray Resources a distinguished track record in exploration, feasibility studies, mining geology and corporate management.

Michael J. Malbourne – Secretary, Chief Financial Officer, Treasurer and Director

Michael Malbourne had more than 12 years mining projects experience in USA, Canada, Australia, New Guinea and Asia with Caterpillar Tractor Company and its dealer network. He is a certified practicing accountant, chartered secretary and registered tax agent. He has had extensive experience in senior management, marketing, finance, manufacturing and controller roles over more than 30 years with SIRF Ltd, Exicom Ltd, Pratt Industries Group & ES&A Bank Ltd. Over the past five years he has been a director of and consultant to a number of high growth companies. From 2003 to date, Mr. Malbourne has been CEO and Director of Hong Kong based Xcellink International Limited. He is a founding shareholder and director of Angkor Wat Minerals Ltd.

Neil R. Crang - Director

Neil Crang spent 16 years in Europe including 12 years running his own trading and futures brokerage companies with 8 offices around the world. He also operated under a Securities Dealers License in Australia where he represented a number of overseas investment funds including Credit Lyonnais Rouse in London.

Since 1996 and more specifically over the past five years, Neil has been active as an international commodities broker specializing in the purchase and delivery of physical precious and base metals. His client base currently covers Asia and India. He recently raised significant pre-IPO capital for an emerging resources entity, Queensland Mining Corporation Limited and is actively involved in the strategic planning of sales of production for that company.

Significant Employees and Consultants

Lim Vatha – Angkor Wat Khmer Geologist

Chap Samnang – Angkor Wat Khmer Geologist and Mapping Specialist

George Brech – Independent Consulting Geologist & Senior Associate of BDA International &

Malcolm Hancock – Executive Director of BDA.

Nick M. Tate – Independent Consulting Geologist & Managing Director of Geomap

Dale Fanning – Independent Metallurgist [Gold, silver and copper specialist ]

Arnold Offenberg – Independent Consulting Geologist