0001354488-14-002003 Sample Contracts

SETTLEMENT AND RELEASE AGREEMENT

Settlement Agreement • April 22nd, 2014 • Sonora Resources Corp. • Wholesale-durable goods • Nevada

• Contract Type
  Settlement Agreement
• Filed
  April 22nd, 2014
• Company
  Sonora Resources Corp.
• Industry
  Wholesale-durable goods
• Jurisdiction
  Nevada

THIS SETTLEMENT AND RELEASE AGREEMENT (this “Settlement Agreement”) is made and entered into as of April 16, 2014 (the “Effective Date”), by and between Sonora Resources Corp. (the “Company”) and Jamco Capital Partners, Inc. (“Jamco”).

RE: Amendment to the Mining Option Agreement (the “Option Agreement”) dated April 15, 2011 among Sonora Resources Corp., First Majestic Silver Corp. and Minera El Pilon S.A. de C.V.

Mining Option Agreement • April 22nd, 2014 • Sonora Resources Corp. • Wholesale-durable goods

• Contract Type
  Mining Option Agreement
• Filed
  April 22nd, 2014
• Company
  Sonora Resources Corp.
• Industry
  Wholesale-durable goods

WHEREAS First Majestic Silver Corp. (“First Majestic”), Minera El Pilon S.A. de C.V. (the “Subsidiary” and, together with First Majestic, the “Owner”) and Sonora Resources Corp. (the “Optionee”) entered into the Option Agreement whereby, among other things, the Owner granted an exclusive option to the Optionee to acquire up to an undivided 90% interest in and the Property.