| Bear Creek Mining Corporation Owner: 100% |
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In February of 2007, Bear Creek granted Chapleau Resources an option to earn 51% of La Yegua by spending US$2.77 million on exploration and issuing shares valued at US$350,000 over four years. Chapleau can increase its interest to 75% by issuing another 1.25 million shares. |
| Chapleau Resources Ltd. Option: 51% |
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The terms of the option agreement allows Chapleau to earn 51% interest in the property by spending a total amount of US$2,775 million in exploration over a four year period and the granting of the equivalent of US$350 000 in Chapleau shares during the four years. With the issuance of an additional 1, 25 million shares Chapleau may increase the vested interest from 51% to 75%. |