Exploration and Option to Purchase Agreement Sample Contracts

AMENDMENT TO EXPLORATION AND OPTION TO PURCHASE AGREEMENT Date November 19, 2008

Exploration and Option to Purchase Agreement • January 27th, 2009 • North American Minerals Group Inc

• Contract Type
  Exploration and Option to Purchase Agreement
• Filed
  January 27th, 2009
• Company
  North American Minerals Group Inc

Pursuant to Article 3 “Option to Acquire the Property” and in item 3.2 or such agreement NAMG is obligated to Exploration Expenditures of CDN$100,000 on the First, Second and Third year anniversary’s effective as of the date of the agreement.

EXPLORATION AND OPTION TO PURCHASE AGREEMENT

Exploration and Option to Purchase Agreement • January 27th, 2009 • North American Minerals Group Inc • Alberta

• Contract Type
  Exploration and Option to Purchase Agreement
• Filed
  January 27th, 2009
• Company
  North American Minerals Group Inc
• Jurisdiction
  Alberta

THIS EXPLORATION AND OPTION TO PURCHASE AGREEMENT (“Agreement”) effective as of August 21, 2007 (“Effective Date”), is by and between NORTH AMERICAN MINERALS GROUP INC., a British Columbia corporation (“NAMG”), and ICE RESOURCES INC., an Alberta corporation (“ICE”).