ECHO BAY MINES 6400 South Fiddlers Green Circle Suite 1000 W. Tom Rice Englewood, Colorado 80111-4957 Manager Land U.S. Telephone (303) 714-8600 Telephone (303) 714-8628 Telecopier (303) 714-8999 Telecopier (303) 714-8987Heads of Agreement • April 18th, 1997 • Americomm Resources Corp • Non-operating establishments
RE: Assignment of Exploration Agreement ("Agreement") Between North Lily Mining Company ("NLMC") and American Gold Resources Corporation ("AGR"), Dated June 6, 1991 - Pioneer Project - Powell County, Montana...Assignment of Exploration Agreement • April 18th, 1997 • Americomm Resources Corp • Non-operating establishments
Further to our letter agreement dated December 29, 1992, please be advised that effective today, item 2 as outlined in the letter agreement will no longer be valid. As you will recall, this provision provided for a 3% NSR to be retained by AGR on all properties which were dropped by North Lily and subsequently picked-up by Americomm.
