Letter of Intent, LS Claim Group, Lander County, NevadaExploration Option Agreement • July 14th, 2006 • Luna Gold Corp • Gold and silver ores
This binding Letter of Intent will confirm our mutual intention to negotiate an Exploration Option Agreement (the “Agreement”) between Centerra (U.S.) Inc., a Nevada corporation (“Centerra”), and Luna Gold Corp., a Wyoming corporation (“Luna”), affecting the LS claim group situated in Lander County, Nevada (the “Property”, as more particularly defined in Paragraph 1 below). Pursuant to the Agreement, Centerra can acquire up to an undivided 60% interest in the Property and in a Joint Venture with Luna and can subsequently acquire up to an undivided additional 15% in the Property and in the Joint Venture with Luna.
