SAGAR Purchase and Sale Option Letter AgreementRoyalty Agreement • May 9th, 2006 • Yukon Resources Corp. • Gold and silver ores • Quebec
We are pleased to present to Yukon Resources Inc. the following proposal with respect to the purchase and sale of the Sagar mining claims (the “Property”) described in Schedule “A” attached hereto which claims (the “Claims”) are located in the Labrador Trough in the Province of Quebec. If the terms of this option letter agreement (the “Letter Agreement”) are acceptable to Yukon Resources Inc., please indicate acceptance by signing the Agreement in the space indicated below and returning an executed copy of the letter to the undersigned. This Agreement, when executed by each party, is intended to be binding and enforceable.
