0001176256-09-000383 Sample Contracts

MASTER AGREEMENT
Master Agreement • April 21st, 2009 • International Royalty Corp • Gold and silver ores • Ontario

This Master Agreement is entered into as of the 26th day of January, 2009 (the “Effective Date”), between INTERNATIONAL ROYALTY CORPORATION, a corporation existing under the Canada Business Corporations Act having an office at 3400 First Canadian Centre, 350 – 7th Avenue SW, Calgary, Alberta, Canada, T2P 3N9 (“IRC”), ARCHEAN RESOURCES LTD., a corporation incorporated under the laws of Newfoundland and Labrador, having an office at 215 Water Street, Atlantic Place, St. John’s, Newfoundland and Labrador (“ARCHEAN”), VOISEY’S BAY HOLDING CORPORATION, a corporation incorporated under the Corporations Act (Newfoundland and Labrador) having an office at 215 Water Street, Atlantic Place, St. John’s, Newfoundland and Labrador (“VBHC”), FINANCIAL SOLUTIONS INC., a corporation incorporated under the Canada Business Corporations Act having an office at Suite 1550 – 400 Burrard Street, Vancouver, British Columbia, Canada, V6C 3A6 (“FSI”), CFT CAPITAL INC., a corporation incorporated under the Busi

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SUBSCRIPTION AGREEMENT
Subscription Agreement • April 21st, 2009 • International Royalty Corp • Gold and silver ores • Ontario

The Seller and the Buyer are parties to a master agreement among International Royalty Corporation, Archean Resources Ltd., Financial Solutions Inc., CFT Capital Inc., Sigma-Lamaque Limited Partnership, and Canadian Mineral Royalties Limited Partnership dated January 26, 2009 (the “Master Agreement”).

LOAN AGREEMENT
Loan Agreement • April 21st, 2009 • International Royalty Corp • Gold and silver ores • Ontario

SIGMA LAMAQUE LIMITED PARTNERSHIP, a limited partnership formed under the Civil Code of Québec (the “Lender”) having an office at Suite 1550 – 400 Burrard Street, Vancouver, British Columbia, Canada, V6C 3A6.

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