Pacific Safety Product Inc.’s Board of Directors (“the Board”) has a clearly established mandate which makes the Board responsible for the stewardship and governance of the Company. This includes ensuring: a strategic planning process is in place; the identification of the principal risks of the corporation’s business and systems are in place; succession planning is in place; a communications policy for the Company is in place and the Company’ internal control and management information systems are adequate. Under this mandate, the purpose of the Board is to establish policies, courses of action and goals of the Company and to monitor management’s strategies and performance in realizing them. The responsibility for day to day management of the Company resides with its executive management.

The Board consists of five directors. Four directors are independent directors who are not members of management, consultants, shareholder’s of more than 10% of the common shares, and have not had any material business relationship with the Company in the last three years.

Members of the Board have a wide range of knowledge and expertise and the size of the board is large enough to provide a broad range of experience while still small enough to provide for effective decision making. The composition of the Board allows it to act in the best interests of the Company and its shareholders. To assist in these efforts two standing committees have been formed, an Audit Committee and a Compensation and Governance Committee.

The Audit Committee is chaired by Martin Carsky. The committee is comprised of a majority of unrelated directors.. The committee meets at least quarterly to review financial statements, review systems for internal control, receive reports of the external auditor, and review other statements of disclosure. The financial statements are reviewed by the Company’s external auditor each quarter and audited annually.

The Compensation and Governance committee is chaired by John Brodie and consists of two other members who are unrelated directors. The committee meets throughout the year as needed to review of executive management compensation, director compensation and governance issues.

The Board of Directors continues to work toward compliance with both the letter and the spirit of the Toronto Stock Exchange (“TSX”) Guidelines on Corporate Governance.