Dulguun Erdenebaatar was appointed Chairman of the Board on December 17, 2025.

Mr. Erdenebaatar has extensive leadership experience and deep understanding of Mongolia’s mining and regulatory environment. Over the past 10 years, he has specialized in metals and mining sector mergers and acquisitions, project development, and operational efficiency.

Mr. Erdenebaatar holds an M.Sc. in Mega Project Management from Said Business School, Oxford University, UK.

Tserenbadam Dugeree was appointed CEO of Steppe Gold Limited on December 17, 2025. He has served as Board Member since August 2024, has been leading the in-country operations team, and continues as CEO of the group’s local subsidiaries.

Mr. Dugeree has a proven track record in Mongolia, showing strategic leadership and operational excellence in his prior roles. He has deep experience scaling mining groups, building high-performing teams, and forging strong partnerships.

Mr. Dugeree holds bachelor’s and master’s degrees in law, finance, and accounting, with experience in mining, banking, and legal sectors. He held senior executive roles in banking and finance between 2004 and 2015, led the Legal Department at Erdenet Mining Corporation SOE until 2019, and has been CEO of Boroo Gold LLC since 2021. Mr. Dugeree also serves on the Banking Lawyers Association board and FRC Mongolia’s Monitoring Committee.

Dr. Zamba, a Mongolian citizen, is currently serving as the Special Envoy of Mongolia on Climate change, National Focus Point of Mongolia for the United Nations Framework Convention on Climate Change (UNFCCC) covering the coordination of activities related to the Intergovernmental Panel on Climate Change (IPCC) and Green Climate Fund (GCF).

Dr. Zamba was the Minister of the Environment of Mongolia from 1990 to 1996 and Director-General of the National Agency for Meteorology, Hydrology and Environmental Monitoring from 1996 to 2001 and Ambassador of Mongolia to Japan from 2001 to 2005. From 2005 to 2011, he was working in New York as the Representative of the UN specialized agency-World Meteorological Organization (WMO) to the United Nations.

Dr. Zamba was also an advisor at the Office of the President of the United Nations Environmental assembly (UNEA) of UNEP in Ulaanbaatar (2014-2016).

Dr. Zamba received a Doctorate from Russian State Hydrometeorological University.

Dr. Jargalan, a Mongolian citizen, is an outstanding geologist with over 30 years of experience in the resources sector including base and precious metals and other commodities.

Dr. Jargalan is Professor and the Head of Mineral Exploration department at the School of Geology and Mining Engineering, Mongolian National University of Science and Technology since 2011. Dr. Jargalan teaches ore geology and metallogeny to Bachelors, Masters and Doctorate students. Prior to 2011, Dr. Jargalan worked as an associate professor at the Mongolian University of Science and Technology.

Dr. Jargalan completed her graduate study at the Tohoku University in Sendai, Japan in 2002. Dr. Jargalan received her Master’s Degree from Tohoku University in Sendai, Japan in 1999.

Ms. Lerner, a U.S. citizen, has operated a private tax accounting firm since 1986 and possesses an expertise in domestic and foreign tax planning, financial forensics, fraud prevention and dispute resolution.

Ms. Lerner is a Certified Public Accountant, Certified Financial Forensic (AICPA), Certified Forensic Accountant Homeland Security Level V and a graduate of the American College of Forensic Examiners.

Ms. Lerner is a member of the American Institute of Certified Public Accountants, American College of Forensic Examiners, National Association of Certified Fraud Examiners, Institute of Business Appraisals, National Conference of CPA Practitioners, and National Association of Tax Preparers.

Ms. Lerner is the former chairperson of Children’s Talent Development Fund, a not-for-profit charitable organization, director and treasurer of the Russian Jewish Congress and acts as a pro-bono consultant for Ukrainian refugees. She is fluent in English, Ukrainian and Russian.