LETTER OF INTENT February 28, 2008 Between TMBW INTERNATIONAL RESOURCES CORP. a private company,(TMBW) OF 168 Queen St. S. unit #101,Mississauga, Ontario Canada L5M 1K8 And NEWPORT GOLD INC. (NWPG) 1495 Ridgeview Drive, Reno NV USA, contact address;...
LETTER
OF
INTENT
February
28, 2008
Between
TMBW
INTERNATIONAL RESOURCES CORP.
a
private company,(TMBW) OF 000 Xxxxx Xx. X. xxxx #000,Xxxxxxxxxxx, Xxxxxxx Xxxxxx
X0X 0X0
And
NEWPORT
GOLD INC. (NWPG)
0000 Xxxxxxxxx Xxxxx, Xxxx XX XXX, contact address; Xxxx 0 - 000 Xxxxx Xx.
S.
Mississauga, Ontario Canada L5M 1M2
Newport
Gold Inc. will pay to TMBW 1.8 million Reg S Shares for a 50 % interest in
TMBW’s 100% owned 331.771 Ha Mac Property, situated near Vernon BC. and agree to
undertake all TMBW’s obligations to the original vendors including cash payments
royalties, work commitments and stock issuances (NWPG stock) as per the
underlying agreement between the original vendors and TMBW. A letter of intent
between TMBW and the original vendors was signed Aug, 23, 2006. Newport Gold
Inc. also has a first right of refusal on the remaining 50 % interest. Please
refer to the underlying agreement for specific details of the
foregoing.
| /s/ Xxxxx Xxxxxxxx | /s/ Xxxxx Xxxxxxx | |
|
Xxxxx
Xxxxxxxx, President
|
Xxxxx
Xxxxxxx, President
|
|
|
Newport
Gold Inc.
|
TMBW
International Resources
|
|
|
Corp.
|
