Resilience Capital Forms Mining Platform

Resilience Capital Partners, a Cleveland-based private equity firm, has formed North Coast Minerals, a platform company that will invest in the debt, mezzanine and equity of industrial minerals, mining, natural resources and related businesses. No financial terms were disclosed.

PRESS RELEASE

Resilience Capital Partners (www.resiliencecapital.com), a Cleveland-based private equity firm, has formed platform company North Coast Minerals to invest in the debt, mezzanine and equity of industrial minerals, mining, natural resources, and related businesses.

The strategy of North Coast Minerals will be led by Chairman Michael Lundin, Operating Partner at Resilience Capital Partners and former CEO of Oglebay Norton.

“Although in a cyclical downturn, we believe operations properly capitalized and strategically located can be valued assets. As we look to build this company we will look for companies that can grow and be expanded  as the global economy recovers” said Michael Lundin.

The North American mining and natural resource marketplace remains highly fragmented and consists of
hundreds of entities throughout the country serving the industrial, agricultural, building materials, construction and environmental end markets.

“The capital spending and working capital required in this industry tends to be high and in this challenging
economy capital is not readily available. We are fully aware capital is a requirement to properly manage these
assets and we will look to make capital available to owners and managers looking for a quality strategic investment partner” added Steven Rosen, Co-CEO of Resilience Capital.

About Resilience Capital Partners
Headquartered in Cleveland, Ohio, Resilience Capital Partners is a leading private equity firm specializing in
investing in lower middle market companies in a broad range of industries. Resilience’s value oriented
investment strategy is to acquire companies with solid business prospects in a wide variety of special
situations including underperformers, corporate divestitures, turnarounds and orphan public companies. Since its inception in 2001, Resilience has acquired 16 companies with total revenue in excess of $1.5 billion. In January 2009, Resilience won the 2008 Private Equity Firm of the Year Deal Makers Award from the
Association for Corporate Growth. For more information, please visit www.resiliencecapital.com.