0001021890-03-000072 Sample Contracts

EXPLORATION AGREEMENT
Exploration Agreement • March 24th, 2003 • Uranium Power Corp • Miscellaneous metal ores • British Columbia

Anhydride Petroleum Canada Inc., a corporation incorporated under the laws of Alberta and having an office located at Suite 850 - 10655 Southport Rd. S.W., Calgary, Alberta T2W 4Y1

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Amendment to Exploration Agreement dated August 20, 2001, Twice Amended on August 20, 2001 and Amended August 14, 2002
Exploration Agreement • March 24th, 2003 • Uranium Power Corp • Miscellaneous metal ores

Anhydride Petroleum (Canada) Inc., (formerly Comstock Petroleum Corp.), a corporation under the laws of Alberta with an office located at Suite 850, 10655 Southport Rd. S.W., Calgary, Alberta T2W 4Y1

Anhydride Petroleum (Canada) Inc. Box 685, 440 — 10816 MacLeod Trail S. Calgary, Alberta T2J-5N8
Uranium Power Corp • March 24th, 2003 • Miscellaneous metal ores

Anhydride Petroleum (Canada) Inc. (“APC”), a wholly owned subsidiary of Uranium Power Corporation and PNG Ventures, Inc. (“PNG”) settled this agreement whereby PNG may earn a working interest in a well known as the AOC 7-32-89-10 W4M together with certain petroleum and natural gas licenses located in North East Alberta and beneath the Athabasca Tar Sands.

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