AGREEMENT TO ACQUIRE 50% INTEREST OF HA MAC PROPERTY NEAR VERNON BC
EXHIBIT 10.4
AGREEMENT TO ACQUIRE 50% INTEREST OF HA MAC PROPERTY NEAR VERNON BC
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; Unit 1 – 336 Queen St. 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.