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PROPERTY PURCHASE AGREEMENT
between
nugget resources inc.
(a Nevada company)
("Nugget")
and
XXXXX XXXXXX
("Xxxxxx")
Re: SALE AND Acquisition of raven property,
similkameen mining division, BRITISH COLUMBIA
The following terms and conditions are applicable for the sale of one mineral
claim located approximately 00 xxxxxxxxxx xxxxxxxxx xx Xxxxxxxxx, Xxxxxxx
Xxxxxxxx and comprising 524.728 hectares.
Both XXXXXX and NUGGET agree to the following:
a) XXXXXX agrees to sell title to one mineral claim listed in Exhibit
"A" to NUGGET. The claim covers 524.728 hectares.
b) XXXXXX will provide to NUGGET within 10 days of this Agreement
a geological report summarizing the mineral claim, a budget for further
work and recommendations, and all other information and material
relevant to a geological report requisite for filing with the
regulatory bodies.
c) XXXXXX will ensure that the claim shall be maintained in good
standing for at least nine months from the date of agreement and can
provide geological consulting services for the claim. All assessment
costs will be borne by NUGGET.
d) XXXXXX shall sell 100% interest in the claims to NUGGET for a total of
$4,000.00 payable upon execution of this Agreement.
By signature witnessed below, the undersigned hereby acknowledge that they have
read and understood and agree to the aforementioned terms.
Dated at Xxxxxxxxx, Xxxxxxx Xxxxxxxx, Xxxxxx this 17th day of August, 2005.
/s/ Xxxxx Matzele /s/ Xxxxx Xxxxxx
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Nugget Resources Inc. Xxxxx Xxxxxx
exhibit A: Claim Description
The Raven property consists of one mineral claim comprising 524.728 hectares.
Details of the property are as follows:
Tenure No.: 513842
Recording Date: June 2, 2005
Mining Division: Similkameen
Assessment Due Date: June 2, 2006
