Jim Sinclair Named Executive Chairman of Singapore Precious Metals Exchange (SGPMX)

Precious Metals Exchange (SGPMX)
, the world’s first physical
precious metals exchange with peer-to-peer bullion trading capabilities,
today announced the appointment of precious metals specialist, Jim
Sinclair, as Executive Chairman of SGPMX. It also announced the
establishment of an Independent Advisory Board chaired by Jim Sinclair
to oversee the transparency and management of the Exchange, as well as
to develop education and advocacy programmes around physical bullion and
wealth storage.

Independent Advisory Board members of Singapore Precious Metals
Exchange’s Independent Advisory Board include former CEO of Kuala Lumpur
Stock Exchange (Bursa Malaysia Berhad), Dato Yusli Yusoff, President of
McMillan Woods Global, Dato Raymond Liew, prominent lawyer Ranjit Singh,
and experienced commodities trader, Peter Mickelberg.

Jim Sinclair said, “I believe the U.S. economy is headed for
hyperinflation and the alternative to currencies is precious metals. But
it’s physical gold and not future gold that we should be looking at. And
personally, I predict that emancipated physical gold price from future
gold price will go up from US$3,200 to US$3,500 an ounce by 2016.”

“I’m a firm believer of the Singapore Precious Metals Exchange’s
business model and am confident that the platform addresses bullion
trading challenges faced by traders, financial institutions and personal
wealth investors like myself. By unifying buy, store, trade and
transport elements under one platform, SGPMX will easily position itself
as a catalyst for Singapore to achieve its goal as a trading hub for
precious metals in Asia Pacific,” Sinclair adds.

Victor Foo, CEO and founder of SGPMX said, “As part of the company’s
long term growth strategy, we have invited industry specialists and
experts from various fields to form the Advisory Board. With each
member’s expertise, we are confident that they will not only value add
to the management of the Exchange, but also drive the bullion industry
forward with the initiatives in the pipeline.”

Bios of Members of the SGPMX Advisory Board

Jim Sinclair, Executive Chairman of SGPMX

Sinclair is a precious metals specialist, commodities and foreign
currency trader. He was the Chief Executive Officer of Northwestern
Basemetals Company Limited since 2012. He has authored three books on
precious metals, trading strategies and geopolitical events, and their
relationship to world economics and the markets.

Dato’ Yusli Yusoff, Member

Dato’ Yusli Yusoff was the CEO of Kuala Lumpur Stock Exchange (Bursa
Malaysia Berhad) from 2004 till 2011. Currently, he sits as an
Independent Non-Executive Director on the Board of Directors of a few
public listed companies, including YTL Power International Berhad,
Mulpha International Berhad, Mudajaya Group Berhad, Air Asia X Berhad
and Westports Holdings Berhad.

Dato’ Raymond Liew, Member

Dato’ Raymond Liew is the President of McMillan Woods Global, an
independent member firm of McMillan Woods Global network. He is also a
Trustee of the Malaysian Accountancy Research & Education Foundation and
is a Council member of the Chartered Taxation Institute of Malaysia

Ranjit Singh, Member

Ranjit is a general litigator with vast experience and appears regularly
in the High Court and Federal Court of Malaysia. Besides representing
and advising public listed companies and professionals, Ranjit also acts
as counsel to the Malaysian Bar’s compulsory insurance scheme.

Peter Mickelberg, Member

Peter Mickelberg is a financial analyst and trader who has specialized
in precious metals and mining equities. He is currently a communications
consultant to Mr Sinclair and his company, Tanzanian Royalty Exploration

About Singapore Precious Metals Exchange (SGPMX)

Established in August 2011, SGPMX is the world’s first physical bullion
exchange established for investors, traders and institutions to trade
physical precious metals like gold and silver with physically backed
bullion storage facilities. It provides consolidated offerings for
customers to buy, sell, store and exchange precious metals under one
platform, and is privately held and independently funded.

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