Common Contracts

2 similar Letter Agreement contracts by Hi Ho Silver Resources Inc.

LETTERHEAD OF ST. ELIAS MINES LTD.]
Letter Agreement • March 20th, 2007 • Hi Ho Silver Resources Inc. • Mining & quarrying of nonmetallic minerals (no fuels)

This letter sets forth the general terms pursuant to which it is proposed that Hi Ho Silver Resources Inc. (“Hi Ho Silver”) acquire from St. Elias Mines Ltd. (“St. Elias”) an option to earn an interest in the South Rim Project (as more particularly described below and referred to herein as the “Property”) in the Houston area of British Columbia. The parties hereto intend to enter into a formal agreement (the “Formal Agreement”), incorporating the terms herein and such further terms as the parties may agree upon. The terms of this Letter Agreement and the Formal Agreement may be subject to regulatory approval.

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LETTERHEAD OF ST. ELIAS MINES LTD.]
Letter Agreement • February 28th, 2007 • Hi Ho Silver Resources Inc.

This letter sets forth the general terms pursuant to which it is proposed that Hi Ho Silver Resources Inc. (“Hi Ho Silver”) acquire from St. Elias Mines Ltd. (“St. Elias”) an option to earn an interest in the South Rim Project (as more particularly described below and referred to herein as the “Property”) in the Houston area of British Columbia. The parties hereto intend to enter into a formal agreement (the “Formal Agreement”), incorporating the terms herein and such further terms as the parties may agree upon. The terms of this Letter Agreement and the Formal Agreement may be subject to regulatory approval.

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