0001169232-05-000234 Sample Contracts

Contract
Exploration and Mining Agreement • January 19th, 2005 • South American Minerals, Inc. • Gold and silver ores

Guyana County of Demerara EXPLORATION AND MINING AGREEMENT BY THIS AGREEMENT made and entered into at Georgetown, Demerara, Republic of Guyana, this 2nd day of November, 2004, BY:- NORTH AMERICAN RESOURCES INCORPORATED LIMITED, of 88 C&D Barrack Street, Kingston, Georgetown, aforesaid (“the Permittee” which term shall wheresoever the context so admits include its successors) of the one part; And AMR GOLD (GUYANA) INC., of North Road and King Street, Georgetown, aforesaid (“the Company” which term shall wheresoever the context so admits include its successors) of the other part.

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