On November 21, 2012, the Company reached an agreement with the optionor to acquire the remaining 20% interest in the Albany Property (claim block 4F) bringing the Company’s total interest in the property to100%. Pursuant to the terms of the transaction, the Company and the option or agree to the following withrespect to this agreement:

a)TheCompany will issue to the optionor a total of 1,250,000 shares as follows: (i) 500,000 shares upon signing the agreement (issued); (ii) 250,000 shares to be issued upon completion of a pre-feasibility study; (iii) 500,000 share to be issued upon completion of a feasibility study;

b)The Company will grant the optionor a net smelter return royalty of 0.75% on the 4F claim block,of which 0.5% can be purchased at any time for $500,000; and

c)Assumption of all liabilities of the property