EXTENSION AGREEMENT TO COMPLETE REQUIRED EXPENDITURES ON INNER MONGOLIA MINERAL CLAIMS
EXHIBIT 10.5
EXTENSION AGREEMENT TO COMPLETE REQUIRED EXPENDITURES ON INNER MONGOLIA MINERAL CLAIMS
TO: XXXXXXX XXXXX
FROM: XXXXX XXXXXXXX
PRESIDENT, NEWPORT GOLD INC.
RE: NORONT’S TIEJIANGYINGZI property, Guyang County, Inner Mongolia
In consideration for granting an extension to February 1, 2009 to spend the required $500,000 USD of exploration monies on the above stated property Newport Gold Inc. agrees to provide Noront with 100,000 shares of Newport Gold Inc. (Reg S stipulation). All other terms and conditions of the agreement shall remain the same and time shall remain of the essence.
Dated this 15th day of January 2008
/s/ Xxxxx Xxxxxxxx
______________________________
Xxxxx Xxxxxxxx
President, Newport Gold Inc.
/s/ Xxxxxxx Xxxxx
_______________________________
Xxxxxxx Xxxxx
President, Noront Resources Ltd.
