TERRA NOVA GOLD CORP.Option & Joint Venture Agreement • December 22nd, 2003 • Terra Nova Gold Corp • Mining & quarrying of nonmetallic minerals (no fuels) • British Columbia
This letter sets forth the general terms and conditions of our mutual agreement whereby Bayswater Ventures Corp. ("BVC") will have the option to earn and acquire from Terra Nova Gold Corp. ("TNG") a 95% interest in TNG’s interest in those 36 mineral claims comprising the South Quinn Lake Property, as more particularly described in Schedule "A" hereto (including, without limitation, all prospecting, research, exploration, exploitation, operating and mining permits, licenses and leases associated therewith), collectively the "Property".
