PROJECT MANAGEMENT TEAM

Bish Chanda, Senior Vice President, Marketing and Strategy

In addition to his regular responsibilities of marketing and product development, Mr. Chanda's responsibilities include strategic planning and special activities related to investor relations and liaison with Tata Steel.

On the strategic front Mr. Chanda monitors the development of the iron ore market and NML's competitive position in that market. He also advises on critical issues and assists in the development of the Company's long term vision and strategies.

In the area of investor relations, Mr. Chanda works with investor relations specialists to improve NML's communication and visibility in the investment community. He also assists the President and CEO in meetings and presentations to investors.

A critical part of Mr. Chanda's responsibilities are to ensure that Tata Steel's technical group works closely with the NML team in activities related to the Direct Shipping Ore ("DSO") and LabMag Projects. This includes regular communication and a close liaison with Tata Steel to ensure that NML's iron ore products meet Tata's specifications and quality requirements.

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