Volcan Australia Corporation Pty Ltd ACN 131 553 341 Level 34, 50 Bridge Street, Sydney NSW 2000 Tel: (02) 8216-0777 Fax: (02) 8216-0788Letter Agreement • January 14th, 2010 • Volcan Holdings, Inc. • Metal mining • New South Wales
Volcan Australia Corporation Pty Ltd (Volcan Australia) is the registered holder of the exploration licences set out in the Schedule for the exploration of Group 1 and Group 2 minerals near Inverell in New South Wales (Exploration Licences). Volcan Australia is a wholly-owned subsidiary of Volcan Holdings, Inc. (Volcan Holdings), a company listed on the NASDAQ OTC Bulletin Board in New York, USA.
