Option and Joint Venture Agreement Sample Contracts

EXECUTION VERSION OPTION AND JOINT VENTURE AGREEMENT THIS AGREEMENT is dated May 6, 2011 (the “Execution Date”) BETWEEN:
Option and Joint Venture Agreement • May 5th, 2020 • British Columbia

LAKE VICTORIA MINING COMPANY, INC., a company incorporated pursuant to the laws of State of Nevada and having its principal executive office at suite 810 – 675 West Hastings Street, Vancouver, British Columbia V6B 1N2

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RAINBOW LAKE OPTION AND JOINT VENTURE AGREEMENT Made as of June 18, 2004 Between FALCONBRIDGE LIMITED and DONNER MINERALS LTD.
Option and Joint Venture Agreement • September 7th, 2004 • Donner Minerals LTD • Metal mining • Ontario
AMENDMENT NUMBER 4 TO OPTION AND JOINT VENTURE AGREEMENT
Option and Joint Venture Agreement • March 1st, 2017 • McEwen Mining Inc. • Gold and silver ores • New York

THIS AMENDMENT NUMBER 4 to the Option and Joint Venture Agreement is made as of the 17th day of September, 2010, by and among MINERA ANDES INC., a corporation formed under the laws of Alberta, Canada (“MAI”), MINERA ANDES S.A., a corporation formed under the laws of Argentina (“MASA”), HOCHSCHILD MINING HOLDINGS LIMITED, a corporation organized under the laws of the United Kingdom (“HM Holdings”), as assignee of MAURICIO HOCHSCHILD & CIA. LTDA., a corporation formed under the laws of Peru (“MHC”), and HOCHSCHILD MINING (ARGENTINA) CORPORATION S.A. (“HM Argentina”), a corporation existing under the laws of Argentina;

LETTER AGREEMENT DATED SEPTEMBER 21, 2010 WITH TEMEX RESOURCES CORP RE: OPTION AND JOINT VENTURE ON THE CROXALL PROPERTY, CANCELLATION OF DECEMBER 12, 2007 OPTION AND JOINT VENTURE JAMES BAY LOWLANDS
Option and Joint Venture Agreement • January 14th, 2011 • Mill City Gold Corp.

Temex Resources Corp. (“Temex”) is pleased to confirm the basis upon which they will grant to Mill City Gold Corp. (“Mill City”) an option to earn an undivided 75% participating interest (the “Option”) in the Croxall Property. The subject matter of this letter agreement is the Croxall Property comprising 59 mining claims totalling 60 claim units (the “Claims”) currently recorded in the name of Temex Resources Corp. but held by Temex Resources Corp. pursuant to an agreement dated June 22, 2009 with the vendors of the Croxall property namely, James E. Croxall, Margaret M. Kangas, and Robert John DeCarle, a true and complete copy of which is enclosed herewith (the “Croxall Agreement”). The Croxall Property (as more particularly described on Schedule A and depicted on Figure 1 hereto annexed) is located near Timmins in Northern Ontario within Ogden, Price and Thorneloe townships in the Porcupine Mining Division.

YELLOWCAKE MINING INC. & STRATHMORE MINERALS CORP. JUNIPER RIDGE PROJECT - OPTION AND JOINT VENTURE AGREEMENT
Option and Joint Venture Agreement • March 16th, 2007 • Yellowcake Mining Inc. • Services-personal services • British Columbia

In consideration of the mutual covenants and agreements herein contained and the sum of One Dollar ($1.00) paid by the Optionee to the Optionor (the receipt of which is hereby acknowledged), the Parties hereto agree as follows:

NU-MEX URANIUM CORP. & STRATHMORE RESOURCES (US) LTD. DALTON PASS PROPERTY - OPTION AND JOINT VENTURE AGREEMENT I N D E X
Option and Joint Venture Agreement • October 12th, 2007 • Nu-Mex Uranium Corp. • Metal mining • British Columbia

IN CONSIDERATION OF the mutual covenants and agreements herein contained and the sum of Ten Dollars ($10.00) paid by the Optionee to the Optionor (the receipt of which is hereby acknowledged), the Parties hereto agree as follows:

YELLOWCAKE MINING INC. & STRATHMORE RESOURCES (US) LTD. SKY PROJECT - OPTION AND JOINT VENTURE AGREEMENT
Option and Joint Venture Agreement • August 28th, 2007 • Strathmore Minerals Corp. • Miscellaneous metal ores • British Columbia

The Optionor is the owner of an undivided 100% interest in the mineral resources collectively known as the Sky Project, situated in Fremont County, Wyoming, as more particularly described in Appendix I;

OPTION AND JOINT VENTURE AGREEMENT
Option and Joint Venture Agreement • March 1st, 2017 • McEwen Mining Inc. • Gold and silver ores • New York

THIS AGREEMENT is made as of the 15th day of March, 2001, by and between MINERA ANDES INC., a corporation formed under the laws of Canada ("MAI"), MINERA ANDES S.A., a corporation formed under the laws of Argentina ("MASA”) and MAURICIO HOCHSCHILD & CIA. LTDA., a corporation formed under the laws of Peru ("MHC").

02/07/95 14:42 STERLING RESOURCES INC. 001
Option and Joint Venture Agreement • December 6th, 2016

In referenc e t o claus e 8.0l(j ) o f the above option and join t venture agreement (to be signed) , we are now pleased to enclose a repor t dated January 31 from F. Marshal l Smith, consultant, t o our company on the exploratio n program undertaken las t fall .

AMENDED AND RESTATED OPTION AND JOINT VENTURE AGREEMENT
Option and Joint Venture Agreement • December 11th, 2019 • British Columbia
AMENDMENT NUMBER 3 TO OPTION AND JOINT VENTURE AGREEMENT
Option and Joint Venture Agreement • March 1st, 2017 • McEwen Mining Inc. • Gold and silver ores • New York

THIS AMENDMENT NUMBER 3 to the Option and Joint Venture Agreement is made as of the 10th day of September, 2004, by and between MINERA ANDES INC., a corporation formed under the laws of Alberta, Canada ("MAI"), MINERA ANDES S.A., a corporation formed under the laws of Argentina ("MASA"), MAURICIO HOCHSCHILD & CIA. LTDA., a corporation formed under the laws of Peru ("MHC") and LORENZON LIMITED ("Lorenzon"), a corporation formed under the laws of the Cayman Islands;

OPTION AND JOINT VENTURE AGREEMENT
Option and Joint Venture Agreement • March 31st, 2014 • Alberta Star Development Corp • Metal mining • British Columbia

The Property is subject to a 2.5% NSR Royalty granted by TXR in favour of the Royalty Holders. TXR has the right, at any time, to repurchase a 1% NSR Royalty from the Royalty Holders for $1,000,000 or in increments of $500,000 per 0.5% NSR Royalty.

YELLOWCAKE MINING INC. & STRATHMORE RESOURCES (US) LTD. JEEP PROJECT - OPTION AND JOINT VENTURE AGREEMENT
Option and Joint Venture Agreement • August 28th, 2007 • Strathmore Minerals Corp. • Miscellaneous metal ores • British Columbia

The Optionor is the owner of an undivided 100% interest in the mineral resources collectively known as the Jeep Project, situated in Fremont County, Wyoming, as more particularly described in Appendix I;

Uranium Energy Corp. 9801 Anderson Mill Road, Suite 230 Austin, Texas, U.S.A., 78750 Dear Sir; PROPOSED OPTION AND JOINT VENTURE TERMS
Option and Joint Venture Agreement • January 16th, 2009 • Uranium Energy Corp • Miscellaneous metal ores

We refer to the recent discussions between representatives of Uran Limited ("Uran") and representatives of Uranium Energy Corporation ("UEC") regarding an option to earn-in agreement and subsequent formation of a joint venture between Uran (or one of its wholly-owned subsidiaries) and UEC (each a "Party" or in combination the "Parties") to explore, develop and, if warranted, mine on the tenements comprising the project known as the Grants Ridge Project located in New Mexico, United States of America (the "Project") and more particularly described in Schedule 1 (and any replacement or successor tenements) (collectively, the "Tenements").

OPTION AND JOINT VENTURE AGREEMENT made between GREAT WESTERN MINERALS GROUP LTD. and STAR MINERALS GROUP LTD.
Option and Joint Venture Agreement • October 1st, 2014 • Saskatchewan

GREAT WESTERN MINERALS GROUP LTD., a corporation existing under the Canada Business Corporations Act and having an office located at 219 Robin Crescent, Saskatoon,

AMENDMENT TO OPTION AND JOINT VENTURE AGREEMENT
Option and Joint Venture Agreement • July 7th, 2008 • Journey Resources Corp. • Metal mining

GRENVILLE GOLD CORPORATION, a corporation existing under the laws of the Province of Ontario and having a head office at Suite 207 – 475 Howe Street, Vancouver, B.C. V6C 2B3

OPTION AND JOINT VENTURE AGREEMENT DATED AUGUST 31, 1998, BETWEEN McKENZIE BAY RESOURCES LTD AND SOQUEM INC.
Option and Joint Venture Agreement • January 15th, 2003 • McKenzie Bay International • Oil & gas field exploration services • Quebec

This is an agreement between McKenzie Bay Resources Ltd. ("McKenzie") and SOQUEM INC. ("SOQUEM") concerning the Lac Dore' Vanadium Project to supersede the January 17, 1997 agreement as amended by letter of amendment dated August 28, 1997 to include the following:

NIVLOC PROPERTY OPTION and JOINT VENTURE AGREEMENT
Option and Joint Venture Agreement • March 1st, 2011 • Infrastructure Materials Corp. • Metal mining • Nevada

INTERNATIONAL MILLENNIUM MINING INC. being a company incorporated under the laws of the State of Nevada and a wholly-owned subsidiary of International Millennium Mining Corp. (a Canadian corporation), having an office at 3rd Floor – 120 Lonsdale Avenue, North Vancouver, British Columbia, V7M 2E8

SECOND AMENDMENT TO THE OPTION AND JOINT VENTURE AGREEMENT OF MARCH 15, 2001
Option and Joint Venture Agreement • March 1st, 2017 • McEwen Mining Inc. • Gold and silver ores

It is hereby agreed this August 27, 2002 to amend the OPTION AND JOINT VENTURE AGREEMENT of March 15, 2001 (the "Agreement"), between MINERA ANDES INC., a corporation formed under the laws of Canada (''MAI''), MINERA ANDES S.A., a corporation formed under the laws of Argentina ("MASA''), and MAURICIO HOCHSCHILD & CIA. LTDA., a corporation formed under the laws of Peru ("MHC'').

SECOND AMENDMENT TO AMENDED AND RESTATED OPTION AND JOINT VENTURE AGREEMENT
Option and Joint Venture Agreement • July 5th, 2020 • British Columbia

The undersigned hereby agree to amend the amended and restated option and joint venture agreement between them dated October 26, 2018, as further amended on June 13, 2019 (together, the “Option Agreement”), as follows:

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OPTION AND JOINT VENTURE AGREEMENT
Option and Joint Venture Agreement • February 27th, 2004 • Knight Resources LTD • British Columbia
FIRST AMENDMENT TO OPTION AND JOINT VENTURE - TARGET 12 (ROSEBUD) PROPERTY DATED NOVEMBER 8, 2010 WITH THE YUKON CORNELIUS SYNDICATE
Option and Joint Venture Agreement • February 28th, 2011 • Mill City Gold Corp. • Gold and silver ores

This First Amendment to Option and Joint Venture Agreement (this “Amendment”) is made and entered into as of December 1, 2010, by and between the Yukon Cornelius Syndicate (the “Syndicate” or the “Optionor”) and Mill City Gold Corp. (“Mill City” or the “Optionee”). The Syndicate and Mill City may also be referred to herein collectively as the “Parties.”

OPTION AND JOINT VENTURE AGREEMENT - TARGET 12 (ROSEBUD) PROPERTY DATED NOVEMBER 8, 2010 WITH THE YUKON CORNELIUS SYNDICATE
Option and Joint Venture Agreement • January 14th, 2011 • Mill City Gold Corp. • British Columbia

THE YUKON CORNELIUS SYNDICATE, Suite 1300 – 1111 West Georgia Street, Vancouver, British Columbia, Canada, V6E 4M3 (Fax No.: 604-888-7929 / Email: billsc@shaw.ca)

OPTION AND JOINT VENTURE AGREEMENT
Option and Joint Venture Agreement • February 11th, 2013 • AMERICAN CORDILLERA MINING Corp • Retail-miscellaneous retail • British Columbia
SECOND AMENDMENT TO THE OPTION AND JOINT VENTURE AGREEMENT OF MARCH 15, 2001
Option and Joint Venture Agreement • November 14th, 2002 • Minera Andes Inc /Wa • Miscellaneous metal ores

It is hereby agreed this August 27, 2002 to amend the OPTION AND JOINT VENTURE AGREEMENT of March 15, 2001 (the “Agreement”), between MINERA ANDES INC., a corporation formed under the laws of Canada (“MAI”), MINERA ANDES S.A., a corporation formed under the laws of Argentina (“MASA”), and MAURICIO HOCHSCHILD & CIA. LTDA., a corporation formed under the laws of Peru (“MHC”).

ASX:HAV)
Option and Joint Venture Agreement • September 6th, 2011

Havilah Resources NL aims to become a significant producer of copper, gold, cobalt and molybdenum from its 100% owned Kalkaroo, Mutooroo and Benagerie projects, which are at advanced feasibility stage. It holds more than 6,500 km2 of surrounding tenements in the highly mineralized Curnamona Province of South Australia, where it maintains an active drilling program. Deposits of iron ore, tin and hard rock uranium have been drilled, with good exploration upside. Havilah owns strategic interests in uranium explorer, Curnamona Energy (45.4%) and hot rock geothermal explorer, Geothermal Resources (58%.)

CORAL ENTERS INTO OPTION AND JOINT VENTURE AGREEMENT AND PRIVATE PLACEMENT OF $705,500 WITH BARRICK
Option and Joint Venture Agreement • March 5th, 2014 • Coral Gold Resources, Ltd. • Gold and silver ores

Coral Gold Resources Ltd. (CLH:TSX.V, CLHRF:USOTCBB; “Coral” or the “Company”) is pleased to announce that the Company has entered into an exploration and option to joint venture agreement (the “Option Agreement”) with Coral Resources, Inc., the Company’s wholly owned subsidiary, Barrick Gold Exploration Inc. (“Barrick Gold”), and Barrick Gold Corporation (“Barrick”), pursuant to which Barrick Gold has been granted an option to earn up to an undivided 60% interest on the Company’s Gold Ridge Property in Nevada (consisting of a portion of the Robertson Property) in consideration for Barrick Gold incurring US$12,000,000 in exploration expenditures over a five year period. In addition, Barrick Gold has the option to increase its interest by an additional 15% for an aggregate undivided 75% interest by preparing and delivering to the Company a scoping study. The Option Agreement also provides that upon Barrick Gold exercising its option, a 60%/40% or a 75%/25% joint venture between the part

TO OPTION AND JOINT VENTURE AGREEMENT
Option and Joint Venture Agreement • April 8th, 2015 • AMERICAN CORDILLERA MINING Corp • Gold and silver ores
Amendment to the OPTION AND JOINT VENTURE AGREEMENT Of March 15th, 2001
Option and Joint Venture Agreement • March 1st, 2017 • McEwen Mining Inc. • Gold and silver ores

By mutual consent as witnessed by the signing of this document it is hereby agreed that “Rights” as defined under the preamble of The Agreement and more particularly described in Schedule A of The Agreement will be modified effective as of May 15, 2002 to the areas of interest described in Exhibit 1.

OPTION AND JOINT VENTURE AGREEMENT
Option and Joint Venture Agreement • July 7th, 2008 • Journey Resources Corp. • Metal mining • British Columbia

GRENVILLE GOLD CORPORATION, a corporation existing under the laws of the Province of Ontario and having a head office at Suite 207 – 475 Howe Street, Vancouver, B.C. V6C 2B3

NU-MEX URANIUM CORP. & STRATHMORE RESOURCES (US) LTD. NOSE ROCK PROPERTY - OPTION AND JOINT VENTURE AGREEMENT I N D E X
Option and Joint Venture Agreement • September 14th, 2007 • Nu-Mex Uranium Corp. • Metal mining • British Columbia

IN CONSIDERATION OF the mutual covenants and agreements herein contained and the sum of Ten Dollars ($10.00) paid by the Optionee to the Optionor (the receipt of which is hereby acknowledged), the Parties hereto agree as follows:

Amendment to the OPTION AND JOINT VENTURE AGREEMENT Of March 15th, 2001
Option and Joint Venture Agreement • November 14th, 2002 • Minera Andes Inc /Wa • Miscellaneous metal ores

By mutual consent as witnessed by the signing of this document it is hereby agreed that “Rights” as defined under the preamble of The Agreement and more particularly described in Schedule A of The Agreement will be modified effective as of May 15, 2002 to the areas of interest described in Exhibit 1.

AMENDMENT TO AMENDED AND RESTATED OPTION AND JOINT VENTURE AGREEMENT
Option and Joint Venture Agreement • December 19th, 2019 • British Columbia

The undersigned hereby agree to amend the amended and restated option and joint venture agreement between them dated October 26, 2018 (the “Option Agreement”), as follows:

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