0001019687-02-000648 Sample Contracts

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RECITALS
Investment Marketing Agreement • April 19th, 2002 • Atlas Mining Co • Gold and silver ores
PROMISSORY NOTE
Cancellation Agreement • April 19th, 2002 • Atlas Mining Co • Gold and silver ores

This agreement is between Atlas Mining Company ("Atlas") and Fausett International, Inc. and the estate of Cliford Lovon Fausett (collectively referred to as "Fausett") and is entered into by both parties for the purpose of canceling the Equipment Purchase Agreement between Atlas and Fausett dated August 22, 1997, and subsequent Promissory Note dated September 30, 1997, ("Agreement")

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