Property Agreements

The purpose of this section is to summarize the current state of agreements entered into by the Company with respect to various mineral properties. (Fancamp share only)

IRON, IRON TITANIUM PROPERTIES

Argex Silver Capital Inc.

La Blache

9,000,000 shares (escrowed for 48 months beginning October 30th,2009)
2% NSR on the La Blache Deposit for the first 2 years of production rising to 4% NSR thereafter, buyback up to 50% NSR for $1.5 M advance royalty of $100,000 a year beginning at the end of year 3 (October 30th 2012).

Hanna and Consolidated Morrison

1% NSR rising to 2% NSR 2 years after production, advance royalty of $50,000 per year beginning at the end of year 3 (October 30th 2012) buyback of 50% of NSR for $750,000.