Replies to post #8 on Idaho North Resources Corp. (fka IDAH)

[vinnybotz]

CENTRAL NEVADA EXPLORATION ALLIANCE

In the first quarter of 2014, the Company completed a private placement and signed a letter of intent to enter into an exploration alliance with Coeur Mining Inc. ("Coeur"). Coeur purchased 1,333,333 units at $0.15 per unit, for a total of $200,000. Each unit consists of one common share and a warrant. Two warrants plus $0.30 allow Coeur to purchase one common share. The warrants expire in March 2017. The letter of intent calls for Coeur to fund a central Nevada exploration program for a 3-year period. Coeur will pay certain consulting and field-related exploration costs associated with the exploration program, along with an administrative fee equal to 10 percent of actual expenditures. Coeur has an earn-in option to acquire interests in certain precious metals properties staked by the Company, provided Coeur funds certain development related-expenditures and meets certain milestones for preparing technical reports and economic analyses pertaining to the applicable properties. For the period ending March 31, 2014, the Company invoiced Coeur for actual exploration costs and administrative fees of $7,841, plus a $12,158 advance on future exploration costs.