Terra Nova Gold Corp Sample Contracts

TERRA NOVA GOLD CORP.
Option & Joint Venture Agreement • December 22nd, 2003 • Terra Nova Gold Corp • Mining & quarrying of nonmetallic minerals (no fuels) • British Columbia

This letter sets forth the general terms and conditions of our mutual agreement whereby Bayswater Ventures Corp. ("BVC") will have the option to earn and acquire from Terra Nova Gold Corp. ("TNG") a 95% interest in TNG’s interest in those 36 mineral claims comprising the South Quinn Lake Property, as more particularly described in Schedule "A" hereto (including, without limitation, all prospecting, research, exploration, exploitation, operating and mining permits, licenses and leases associated therewith), collectively the "Property".

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LETTER AGREEMENT BETWEEN TERRA NOVA GOLD CORP. AND NORANDA EXPLORATION MEXICO, S.A. DE C.V. REGARDING THE SAN DIEGO PROPERTY
Letter Agreement • January 31st, 2005 • Terra Nova Gold Corp • Mining & quarrying of nonmetallic minerals (no fuels) • Ontario

Further to our recent conversations regarding the above property, Noranda Exploration Mexico, S.A. de C.V. (“Noranda”) proposes this letter agreement (“Letter Agreement”) as the basis for a formal agreement whereby Terra Nova Gold Corp. (“Terra Nova”) will have a working right and an option to acquire a 50% undivided interest in the following:

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