Possible Mining Option Agreement (subject to negotiation):
to acquire a 100% interest, subject to a 2% NSR, in the CLAIMS numbered 575295, 575297, 575298 (Gold/Zinc)

The claims are situated in the Liard Mining Division, 65 kilometres west of Telegraph Creek, in northwest British Columbia, Canada. The Gold/Zinc Property consists of three claim blocks on Triumph Creek covering 1126 hectares.

Principal Terms of the Gold/Zinc Mining Option Agreement: the buyer (a publically traded company) may earn a 100% interest in the property by making the following share issuances and payments and by completing staged exploration expenditures of $400,000 by the third anniversary of the date of the agreement.

A total of $100,000 must be spent on exploration on or before the first anniversary of the Approval Date, a further $100,000 on or before the second anniversary of the Approval Date, and a further $200,000 on or before the third anniversary of the Approval Date:
(a) issue $5,000 in company Shares and pay $15,000 to the vendor on the Approval Date;
(b) issue $5,000 in company Shares and pay $20,000 to the vendor on the first anniversary of the Approval Date;
(c) issue $5,000 in company Shares and pay $25,000 to the vendor on the second anniversary of the Approval Date;
and (d) issue $5,000 in company Shares and pay $40,000 to the vendor on the third anniversary of the Approval Date.

If the Option is exercised, the buyer shall pay to the vendor $40,000 per annum in advance royalties commencing on the fourth anniversary of the Approval Date until Commercial Production is achieved.

The buyer has the right to buy back half of the vendor's NSR for the sum of $1,000,000 or all of the NSR for $1,500,000 at any time until the fifth anniversary of the Approval Date. After the fifth anniversary of the Approval Date, the buy back will be the previous figures plus a figure of 1% above the Bank of Canada official observed rate of inflation.