0001137171-05-000293 Sample Contracts

SUBLEASE
Sublease Agreement • March 15th, 2005 • Platinum Group Metals LTD • Gold and silver ores • British Columbia
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Letter Agreement
Letter Agreement • March 15th, 2005 • Platinum Group Metals LTD • Gold and silver ores • British Columbia

This Letter Agreement (the “Agreement”) contains the principal terms under which Western grants to PGM during the period (the “Option Period”) as set forth on Sections 2 and 3 hereof, the sole and exclusive option (the “Option”) to earn up to a 51% interest in the Lakemount Property located near Wawa, Ontario (the “Property”) upon which the parties will enter into a joint venture agreement to jointly develop the Property (the “Joint Venture”).

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