Attention: Denis Villeneuve Dear Sirs, Re: Letter Agreement - Exclusive Option to Purchase Montgolfier Project from Ressources D. Villenueve Inc.Letter Agreement - Exclusive Option to Purchase • July 16th, 2004 • J Pacific Gold Inc • Metal mining
We are pleased to confirm J-Pacific Gold Inc.'s (hereinafter referred to as "JPN") offer to acquire an exclusive Option (the "Option") to purchase the Montgolfier Project (hereinafter referred to as the "Project"), from Ressources D. Villenueve Inc. (hereinafter referred to as "RDV") based on the following terms and conditions (all amounts in Canadian Dollars):
