Option to Purchase Mineral Claims Agreement
BETWEEN: FIRSTLINE ENVIRONMENTAL SOLUTIONS INC , A British
Columbia
Incorporated Company in the Dominion of
Canada, also incorporated in
Florida, USA with its registered office at
suite 000-00000 Xxxxxxx Xxxxxxxx
Xxxxxxx XX X0X 0X0 (previously called
Firstline Recovery Systems Inc.)
(Hereinafter referred to as "Firstline" )
AND: GEORGIA INTERNATIONAL MINING CORPORATION, A
Nevada
Incorporated Company of the United States
of America, with its office
At 101 Convention Centers Drive 7th Floor,
Las Vegas, Nevada. 89109
(Hereinafter referred to as "Georgia" )
Firstline has granted Georgia the right to mine minerals from mineral claims
owned by Firstline Recovery Systems Inc in Xxxxx Mountain area located in the
Caribou District, British Columbia. The Mineral Claims encompass 3,900 hectares
or 12,000 acres. The claim, known as the Xxxxx Group Mineral Claims, was
explored during the year 2004 and the report prepared by the professional
geologist indicated positive result for Gold, Silver, Copper and other minerals
deposits. The option is exercisable according to the terms and conditions set
here below:
Terms and Conditions:
1. Firstline is the sole owner and operator of deposits of Mineral
Claims of undetermined commercial value located in the area of
Cariboo District, British Columbia with Tenure Numbers
506325,506328,506333,506335,506336 and 506337.
2. Georgia is desirous of acquiring the rights to mine claims
number 506335, 506336 and 506337. The area size of the three
claims is defined on the geological maps registered in the
British Columbia Mining Office.
3. Consideration. The purchase price for the Xxxxx Claim number
506335, 506336, 506337 is $285,000 (Two Hundred Eighty Five
Thousand Canadian Dollars) of which, Georgia has paid to
Firstline the sum of $35,000 (Thirty Five Thousand Canadian
Dollars) as consideration for the three claims. The remainder
balance of $250,000 will be paid in two installments as follow:
(i) $125,000 is payable on June 30, 2006. (ii) $125,000 is
payable on June 2007.
4. Georgia is to start exploration program on the three minerals as
soon as it becomes a trading company on a United States national
market and will have one year from the date it becomes a publicly
trading company to complete its exploration program on the three
claims.
5. Firstline will have the option to call back its three mineral
claims if Georgia defaulted as to the conditions mentioned in 3
and 4 above.
6. Firstline will provide Georgia with the Maps for the three
claims, Geological report and laboratory test results that were
conducted in the year 2004
IN WITNESS WHEREOF the parties hereto have executed
this agreement this 30 day of July 2005.
GEORGIA INTERNATIONAL MINING CORPORATION
Per:__________Mark Hague (signed)______________________________
Authorized Signatory
FIRSTLINE ENVIRONMENTAL SOLUTIONS INC.
Per:______Evan Xxxxx (signed)___________________________________
Authorized Signatory
