0001325310-11-000021 Sample Contracts

EARN IN EXPLORATION CONTRACT WITH PURCHASING OPTION
Exploration Contract With Purchasing Option • June 13th, 2011 • Pan American Goldfields LTD • Gold and silver ores

Between Pan American Goldfields Ltd. (PAG), an organized firm according under the Delaware State, with legal address in Mountain View Center 12303 Airport Way, Suite 200, Broomfield, CO, 80021, represented by Mr. Miguel Francisco Di Nanno, setting special address on San Martin 3625, Barrio Melipal, 8400 – Bariloche, Rio Negro Province, Argentina; and Compañia Minera Alto Rio Salado S.A., (TITULAR), an organized firm under the Argentine Republic law, with legal address on Carlos Pellegrini 739, Piso 7, oficina B, Capital Federal, represented by Mr. Roberto Milanese, (PAG and TITULAR hereafter PARTES):

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