Contract for Transfer of Mining LicensesContract for Transfer of Mining Licenses • November 8th, 2005 • Magnus International Resources, Inc. • Metal mining
In accordance with the Law of Mineral Resources of the People’s Republic of China, Management Method for Transferring Exploration Licenses and Mining Licenses and the Law of Contract of the People’s Republic of China, after both sides engaged in friendly negotiation, this Contract is hereby signed for transferring a Mining License in the Mangshi gold mining area of Santaishan Village, Luxi City of Yunnan Province(“Mangshi Gold Mining License”) from 209 Geo-brigade of Yunnan Provincial Nuclear Industry, Mangshi Gold Mine(“Party A”) to Yunnan Western Mining Ltd.(“Party B”). with the Information listedas follows:
