Effective November 26, 2012, the Registrant and Earlscourt Farms Ltd (the “Land Owner”) executed a Land Access Agreement (the “Agreement”), pursuant to which the Registrant secured certain water rights and the right to access the surface of lands (the “Land”) owned by the Land Owner and located within certain areas near the West bank of the Fraser River, on and near the Registrant's mineral claims in British Columbia, Canada, and known collectively by the Registrant as “The Fraser River Project”.
Consideration paid to Land Owner shall be fifty dollars ($50.00) per day from start of work until completion and restoration of the Land subsequent to conclusion of work in accordance with Registrant’s mining permit terms and conditions. In addition, Registrant or its agents shall obtain all such insurance as may be required provided that, at a minimum, Registrant shall carry not less than $1,000,000 in liability insurance on a per occurrence basis.