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MINERAL PROPERTY OPTION AMENDING AGREEMENT
THIS AGREEMENT dated for reference June 30, 2005.
BETWEEN:
XXXXX XXXXXX, of 000 Xxxxxxxxx Xxxxxx, Xxxxx 000, Xxxxxxxxx, Xxxxxxx
Xxxxxxxx, X0X 0X0;
("SOSTAD")
OF THE FIRST PART
AND:
SCALA MINERALS INC., a body corporate, duly incorporated under
the laws of the State of Nevada and having its head office at
000 Xxxxx Xxxxxx, Xxxxx 000, Xxxxxxxxx, Xxxxxxx Xxxxxxxx,
X0X 0X0;
("SCALA")
OF THE SECOND PART
W H E R E A S:
A. Sostad and Scala entered into a Mineral Property Option Agreement
dated July 6, 2004 (the "Agreement"), whereby Sostad granted to Scala an option
to purchase a 100% undivided right, title and interest in and to the Shore
mineral claims;
B. Sostad and Scale both desire that the Agreement be amended as set
forth below;
NOW THEREFORE IN CONSIDERATION of the payment of TEN DOLLARS ($10.00) by each
party to the other, the receipt and sufficiency of which is hereby acknowledged,
and other good and valuable consideration, including the premises, mutual
covenants and agreements herein contained, the parties hereto agree to amend the
Agreement as follows:
1. Subparagraphs 4.1(b) be and is hereby deleted in their entirety and
replaced with the following:
"4.1 In order to keep the Option granted to Scala in respect of the Claim
in good standing and in force and effect, Scala shall be obligated to:
Expenditure Commitments
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(b) incur, or cause to be incurred, exploration and development
work on the Claim totalling at least $155,000 by July 1, 2007,
which work shall be conducted by Scala under the direction of
a qualified geologist or project engineer, as follows:
(i) $10,000 in expenditures on the Claim by January 1,
2006;
(ii) an additional $45,000 in expenditures on the Claim by
July 1, 2006; and
(iii) an additional $100,000 in expenditures on the Claim
by July 1, 2007."
2. All references to multiple mineral claims in the Agreement shall now
apply to the sole mineral claim comprising the Claim, reflecting the
conversion of the Claim under British Columbia law.
3. All of the terms and conditions of the Agreement, except as amended
or modified hereby, remain in full force and effect.
IN WITNESS WHEREOF this Agreement has been executed as of the
day and year first above written.
SCALA MINERALS INC.
/s/ Xxxxx Xxxxxx per: /s/ Xxxxx Xxxxxxxxx
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Xxxxx Xxxxxx Xxxxx Xxxxxxxxx, President
SCHEDULE "A"
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TO THAT CERTAIN AGREEMENT MADE AS OF JUNE 30, 2005 BETWEEN XXXXX
XXXXXX AND SCALA MINERALS INC.
The Shore claims consist of a total of one mineral claim located in the Nicola
Mining Division, British Columbia, Canada with tenure number 508344 and consists
of 186.296 hectares. The claims are registered in the name of Xxxxx Xxxxxx who
holds the claims in trust pursuant to the terms of the option agreement, as
amended.
