Common use of Options Granted Clause in Contracts

Options Granted. The Company hereby grants the Optionee non-qualified stock options to purchase an aggregate of Four Hundred Thousand (400,000) shares of the Company’s Common Stock exercisable at a price of $0.57 per share (the “Exercise Price”) for a term commencing on the vesting dates set out below (the “Vesting Date”) and expiring at 5:00 pm (Pacific Time) on the fifth (5th) year anniversary of the respective Vesting Date (the “Expiration Date”), subject to termination as set forth herein: Number of Options to Vest Vesting Date Expiration Date 50,000 March 31, 2013 March 31, 2018 50,000 June 30, 2013 June 30, 2018 50,000 September 30, 2013 September 30, 2018 50,000 December 31, 2013 December 31, 2018 100,000 The date that the Corporation successfully completes 10 successful onsite gold extraction xxxxx tests, which date shall be reasonably determined by the Board. The date that is the 5th year anniversary of the particular vesting date. 100,000 The first date after the Grant Date that the closing price for the Corporation’s common stock (as quoted by the principal market or exchange on which such shares trade) exceeds $1.25 per share for 20 consecutive trading days. The date that is the 5th year anniversary of the particular vesting date. 400,000 Total No option may be exercised unless the option has vested. The vesting of all options will be cumulative. All options which have not vested will terminate on the date of termination of the options in accordance with this Agreement.

Options Granted. The Company hereby grants the Optionee non-qualified stock options to purchase an aggregate of Four Six Hundred Thousand (400,000600,000) shares of the Company’s Common Stock exercisable at a price of $0.57 0.28 per share (the “Exercise Price”) for a term commencing on the vesting dates set out below (the “Vesting Date”) and expiring at 5:00 pm (Pacific Time) on the fifth (5th) year anniversary of the respective Vesting Date (the “Expiration Date”), subject to termination as set forth herein: Number of Options to Vest Vesting Date Expiration Date 50,000 75,000 March 31, 2013 2014 March 31, 2018 50,000 2019 75,000 June 30, 2013 2014 June 30, 2018 50,000 2019 75,000 September 30, 2013 2014 September 30, 2018 50,000 2019 75,000 December 31, 2013 2014 December 31, 2018 100,000 2019 150,000 The date that the Corporation successfully completes 10 successful onsite gold pilot plant metal extraction xxxxx teststests of 5 tons of head material each, which date shall be reasonably determined by the Board. The date that is the 5th year anniversary of the particular vesting date. 100,000 150,000 The first date after the Grant Date date of these resolutions that the closing price for the Corporation’s common stock (as quoted by the principal market or exchange on which such shares trade) exceeds $1.25 1.00 per share for 20 consecutive trading days. The date that is the 5th year anniversary of the particular vesting date. 400,000 600,000 Total No option may be exercised unless the option has vested. The vesting of all options will be cumulative. All options which have not vested will terminate on the date of termination of the options in accordance with this Agreement.

Options Granted. The Company hereby grants the Optionee non-qualified stock options to purchase an aggregate of Four Three Hundred Thousand (400,000300,000) shares of the Company’s Common Stock exercisable at a price of $0.57 0.28 per share (the “Exercise Price”) for a term commencing on the vesting dates set out below (the “Vesting Date”) and expiring at 5:00 pm (Pacific Time) on the fifth (5th) year anniversary of the respective Vesting Date (the “Expiration Date”), subject to termination as set forth herein: Number of Options to Vest Vesting Date Expiration Date 50,000 37,500 March 31, 2013 2014 March 31, 2018 50,000 2019 37,500 June 30, 2013 2014 June 30, 2018 50,000 2019 37,500 September 30, 2013 2014 September 30, 2018 50,000 2019 37,500 December 31, 2013 2014 December 31, 2018 100,000 2019 75,000 The date that the Corporation successfully completes 10 successful onsite gold pilot plant metal extraction xxxxx teststests of 5 tons of head material each, which date shall be reasonably determined by the Board. The date that is the 5th year anniversary of the particular vesting date. 100,000 75,000 The first date after the Grant Date date of these resolutions that the closing price for the Corporation’s common stock (as quoted by the principal market or exchange on which such shares trade) exceeds $1.25 1.00 per share for 20 consecutive trading days. The date that is the 5th year anniversary of the particular vesting date. 400,000 300,000 Total No option may be exercised unless the option has vested. The vesting of all options will be cumulative. All options which have not vested will terminate on the date of termination of the options in accordance with this Agreement.

Options Granted. The Company hereby grants the Optionee non-qualified stock options to purchase an aggregate of Four Hundred Thousand (400,000) shares of the Company’s Common Stock exercisable at a price of $0.57 0.28 per share (the “Exercise Price”) for a term commencing on the vesting dates set out below (the “Vesting Date”) and expiring at 5:00 pm (Pacific Time) on the fifth (5th) year anniversary of the respective Vesting Date (the “Expiration Date”), subject to termination as set forth herein: Number of Options to Vest Vesting Date Expiration Date 50,000 March 31, 2013 2014 March 31, 2018 2019 50,000 June 30, 2013 2014 June 30, 2018 2019 50,000 September 30, 2013 2014 September 30, 2018 2019 50,000 December 31, 2013 2014 December 31, 2018 2019 100,000 The date that the Corporation successfully completes 10 successful onsite gold pilot plant metal extraction xxxxx teststests of 5 tons of head material each, which date shall be reasonably determined by the Board. The date that is the 5th year anniversary of the particular vesting date. 100,000 The first date after the Grant Date date of these resolutions that the closing price for the Corporation’s common stock (as quoted by the principal market or exchange on which such shares trade) exceeds $1.25 1.00 per share for 20 consecutive trading days. The date that is the 5th year anniversary of the particular vesting date. 400,000 Total No option may be exercised unless the option has vested. The vesting of all options will be cumulative. All options which have not vested will terminate on the date of termination of the options in accordance with this Agreement.

Options Granted. The Company hereby grants the Optionee non-qualified stock options to purchase an aggregate of Four Six Hundred Thousand (400,000600,000) shares of the Company’s Common Stock exercisable at a price of $0.57 per share (the “Exercise Price”) for a term commencing on the vesting dates set out below (the “Vesting Date”) and expiring at 5:00 pm (Pacific Time) on the fifth (5th) year anniversary of the respective Vesting Date (the “Expiration Date”), subject to termination as set forth herein: Number of Options to Vest Vesting Date Expiration Date 50,000 75,000 March 31, 2013 March 31, 2018 50,000 75,000 June 30, 2013 June 30, 2018 50,000 75,000 September 30, 2013 September 30, 2018 50,000 75,000 December 31, 2013 December 31, 2018 100,000 150,000 The date that the Corporation successfully completes 10 successful onsite gold extraction xxxxx tests, which date shall be reasonably determined by the Board. The date that is the 5th year anniversary of the particular vesting date. 100,000 150,000 The first date after the Grant Date that the closing price for the Corporation’s common stock (as quoted by the principal market or exchange on which such shares trade) exceeds $1.25 per share for 20 consecutive trading days. The date that is the 5th year anniversary of the particular vesting date. 400,000 600,000 Total No option may be exercised unless the option has vested. The vesting of all options will be cumulative. All options which have not vested will terminate on the date of termination of the options in accordance with this Agreement.