TECK COMINCO ARAMA VE MADENCILIK SANAYI TICARET A.S.Memorandum of Understanding • June 28th, 2004 • Fronteer Development Group Inc • Mining & quarrying of nonmetallic minerals (no fuels) • British Columbia
Further to our recent conversations on the above subject, this letter agreement (the “Agreement”) sets out the understanding between Fronteer Development Group Inc. (“Fronteer”) and Teck Cominco Arama ve Madencilik Sanayi Ticaret A.S. (“TCAM”) whereby Fronteer, through a subsidiary to be incorporated under the laws of Turkey, will have an option to acquire, subject to certain TCAM earn-back rights, a 100% undivided interest in TCAM’s Kirazli property located in Turkey. Upon notice to TCAM by Fronteer’s Turkish subsidiary of its incorporation, Fronteer’s Turkish subsidiary shall automatically become a party hereto and references to Fronteer will be deemed to be references to the Fronteer Turkish subsidiary with the exception of the requirement to issue shares of Fronteer and the guarantee on the firm commitment which shall continue to be the responsibility of Fronteer, as well, the requirement to pay the bonus payment on a production decision shall be a joint liability of both Fronteer
OPTION AGREEMENT BETWEEN: FRONTEER DEVELOPMENT GROUP INC. AND NORTHWESTERN MINERAL VENTURES INC.Option Agreement • June 28th, 2004 • Fronteer Development Group Inc • Mining & quarrying of nonmetallic minerals (no fuels) • Ontario
THIS AGREEMENT WITNESSETH that in consideration of the mutual covenants, conditions and agreements herein contained, the parties hereto agree as follows:
SECOND AMENDING AGREEMENTOption Agreement • June 28th, 2004 • Fronteer Development Group Inc • Mining & quarrying of nonmetallic minerals (no fuels)
WHEREAS the parties hereto entered into an option agreement made as of the 26th day of September, 2003, as amended by the first amending agreement made as of the 17th day of December, 2003 (the "Option Agreement");
JOINT VENTURE AGREEMENT BETWEEN: RED LAKE RESOURCES INC. AND FRONTEER DEVELOPMENT GROUP INC.Joint Venture Agreement • June 28th, 2004 • Fronteer Development Group Inc • Mining & quarrying of nonmetallic minerals (no fuels) • British Columbia
WHEREAS the parties hereto own certain mineral properties in the Red Lake region of Ontario, Canada, which mineral properties are described in Schedule "A" and are defined in Section 1.01;
SCHEDULE “D”Joint Venture Agreement • June 28th, 2004 • Fronteer Development Group Inc • Mining & quarrying of nonmetallic minerals (no fuels)
The Royalty is the percentage Royalty provided in the body of the Agreement to which this Schedule is attached (the "Agreement") and calculated and paid by Payor (as defined below) to the Royalty Holder (as defined below) in accordance with the following provisions:
AMENDING AGREEMENTAmending Agreement • June 28th, 2004 • Fronteer Development Group Inc • Mining & quarrying of nonmetallic minerals (no fuels)
AND WHEREAS the claims subject to the Phelps Dodge Agreement (as defined in the Option Agreement) form part of the Property for purposes of the Option Agreement;
