LETTER AGREEMENT BETWEEN TERRA NOVA GOLD CORP. AND NORANDA EXPLORATION MEXICO, S.A. DE C.V. REGARDING THE SAN DIEGO PROPERTYLetter Agreement • January 31st, 2005 • Terra Nova Gold Corp • Mining & quarrying of nonmetallic minerals (no fuels) • Ontario
Further to our recent conversations regarding the above property, Noranda Exploration Mexico, S.A. de C.V. (“Noranda”) proposes this letter agreement (“Letter Agreement”) as the basis for a formal agreement whereby Terra Nova Gold Corp. (“Terra Nova”) will have a working right and an option to acquire a 50% undivided interest in the following:
