Mr. Douglas John Newby has been President of Proteus Capital at Polymet Mining Corp. since June 15, 2017. Mr. Newby served as the Chief Financial Officer of Polymet Mining Corp. from November 22, 2005 to June 15, 2017. At PolyMet Mining, Mr. Newby was responsible for all aspects of its financing, including its corporate financial assets, financial controls, corporate and securities filings, corporate governance and relationships with investors, banks and other potential finance sources. He is also a member of the senior executive leadership team, contributing to the overall strategic direction of Polymet Mining. He has been the President of Proteus Capital Corp., since July 2001. He is responsible to structure and arrange financing to place the Polymet Mining's NorthMet copper-nickel-precious metal project in northern Minnesota into production. Mr. Newby has approximately 30 years of experience in the evaluation and financing of mining companies and projects around the world. He has had direct management experience with project in Latin America, West Africa and Southeast Asia as well as the United States. He has advised and helped arrange billions of dollars in finance and corporate transactions in the mining and energy industries in countries all over the world, including North and South America, Africa, Australia and Asia. Mr. Newby served as Vice President of Cadence Resources Corp. since January 2004. He served as an Investment Advisor and Analyst at Incor Holdings PLC. He served as an Equity Analyst at UBS Investment Bank, Research Division. He served as an Analyst at Williams de Bro???, Research Division. He served as Chairman, President and Chief Executive Officer of Western Goldfields Inc., (now New Gold, Inc.) from October 21, 2005 to February 13, 2006 and served as its Executive Vice President from March, 2005 to October 2005. He served as Managing Director of Proteus Consultants Ltd. from January 1991 to July 2001 and Managing Partner of Moyes Newby & Co. Inc. from April 1994 to December 1998. He was Equity Analyst of Deutsche Bank AG, Research Division. Before forming Proteus Consultants Ltd., Mr. Newby held senior positions with the investment banking firms of S.G. Warburg & Co. Inc., Morgan Grenfell & Co., and James Capel & Co. He joined James Capel & Co to design and build an evaluation model of the South African gold mining industry. He was subsequently appointed head of international mining research and was top-ranked mining analyst in London. He joined Morgan Grenfell in London to set up and run a mining research and share trading division, which covered European, North American and Australian mining companies. Mr. Newby relocated to New York at the end of 1988 with Morgan Grenfell, before joining SG Warburg in New York. He worked briefly as a computer software consultant. He advised Western Silver on financing and strategic development of the Penasquito copper-silver project in Mexico. He served as a Director at Coronet Metals Inc. from June 1, 2011 to October 10, 2014. He served as a Director of McEwen Mining Inc. (US Gold Corporation) since October 16, 1997. Mr. Newby served as an Independent Director of Western Goldfields Inc. from January 2004 to March 29, 2006. In 2011, he joined the board of Coronet Minerals. A graduate of King's College London in England, he holds a Bachelor of Science degree in mathematics.