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Exhibit 10.35

Agreement for Assignment and Assumption of Option Agreement

        This Agreement for Assignment and Assumption of Option Agreement
("Agreement") is made by and among Century Gold LLC, a Nevada limited liability
company ("Century"), Donald J. Decker and Suzanne R. Decker, as Joint Trustees
of the Decker Ridge Joint Revocable Trust (collectively "Decker"), Vista Gold
Corp., a corporation continued under the laws of the Yukon Territory ("Vista"),
and Victory Gold Inc., a Nevada corporation ("Victory").

Recitals

A.    Century and Frank W. Lewis, as trustee of the Frank Lewis Trust, and
Sharon F. Lewis, as trustee of the Sharon Lewis Trust (collectively "Lewis") are
parties to an Agreement for Purchase dated June 29, 2005 (the "Option
Agreement"), pursuant to which Lewis granted to Century the option ("Option")
and right to purchase all of the issued and outstanding shares of F.W.
Lewis, Inc., a Nevada corporation ("FWLCO") and Century has exercised the
Option.

B.    Donald J. Decker, Faith Minerals and Land Company, a Nevada limited
liability company ("Faith"), and Vista are parties to the Letter of Intent dated
September 8, 2005 (the "Letter Agreement"), pursuant to which Donald J. Decker
and Faith agreed to sell, or to cause Century to sell, to Vista all of the
issued and outstanding shares of FWLCO following Century's purchase of such
shares. The parties acknowledge that Century is an obligor under the Letter
Agreement.

C.    The parties desire to formalize the terms of their agreement as provided
in this Agreement.

        The parties, intending to be legally bound, agree as follows:

1.     Definitions.    For purposes of this Agreement, the following terms have
the meanings specified or referred to in this Section 1:

        1.1    "Assets" means the assets, interests, properties and rights owned
by FWLCO described in the Option Agreement.

        1.2    "Century" means Century Gold LLC, a Nevada limited liability
company, and its successors and assigns.

        1.3    "Century Properties" means the interests in properties described
in Exhibit 1.3 which FWLCO will convey by quitclaim deed to Century on the
Closing.

        1.4    "Contemplated Transactions" means all of the transactions
contemplated by this Agreement, including:

                    (a)    the assignment by Century to Victory of all of
Century's right, title and interest in and to the Option Agreement;

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                    (b)    the sale of the Shares by Lewis to Century, Century's
delivery and transfer of title to the Shares to Victory and Victory's
acquisition from Century of ownership of the Shares and exercise of control over
FWLCO;

                    (c)    the performance by Century, Vista and Victory of
their respective covenants and obligations under this Agreement; and

                    (d)    the transfer by FWLCO to Century of title to the
Century Properties.

        1.5    "Contract" means any agreement, contract, obligation, promise, or
undertaking (whether written or oral and whether express or implied) that is
legally binding.

        1.6    "Decker" means collectively Donald J. Decker, individually and as
joint trustee of the Decker Ridge Joint Revocable Trust, and Suzanne R. Decker,
individually and as a joint trustee of the Decker Ridge Joint Revocable Trust,
and their heirs, successors and assigns.

        1.7    "Due Diligence" means Vista's examinations and investigations
intended to determine the accuracy of Century's representations and warranties,
the title to and value of the Assets, and all other matters pertinent or related
to Victory's decision to purchase the Shares.

        1.8    "Exchange Act" means the Securities Exchange Act of 1934, or any
successor law, and regulations and rules issued pursuant to that Act or any
successor law.

        1.9    "Exhibits" means the exhibits attached to and by reference
incorporated in this Agreement.

        1.10  "Faith" means Faith Minerals and Land Company, a Nevada limited
liability company, and its successors and assigns.

        1.11  "FWLCO" means F.W. Lewis, Inc., a Nevada corporation, and its
successors and assigns.

        1.12  "Governmental Authorization" means any approval, consent, license,
permit, waiver, or other authorization issued, granted, given, or otherwise made
available by or under the authority of any governmental body or pursuant to any
Legal Requirement.

        1.13  "Knowledge" means an individual will be deemed to have "Knowledge"
of a particular fact or other matter if such individual is actually aware of
such fact or other matter. A Person (other than an individual) will be deemed to
have "Knowledge" of a particular fact or other matter if any individual who is
serving, or who has at any time served, as a director, officer, partner,
executor, or trustee of such Person (or in any similar capacity) has, or at any
time had, Knowledge of such fact or other matter.

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        1.14  "Legal Requirement" means any federal, state, provincial, local,
municipal, foreign, international, multinational, or other administrative order,
constitution, law, ordinance, principle of common law, regulation, statute, or
treaty, and, where the context requires, the regulations, rules and policies of
the American Stock Exchange and the Toronto Stock Exchange.

        1.15  "Lewis" means collectively Frank W. Lewis, the Frank Lewis Trust,
Sharon F. Lewis, the Sharon Lewis Trust and their heirs, successors and assigns.

        1.16  "Option Agreement" means the Agreement for Purchase dated June 29,
2005, among Century, the Frank Lewis Trust and the Sharon Lewis Trust.

        1.17  "Organizational Documents" means (a) the articles or certificate
of incorporation and the bylaws of a corporation; (b) the articles of
organization and the operating agreement of a limited liability company; (c) the
partnership agreement and any statement of partnership of a general partnership;
(d) the limited partnership agreement and the certificate of limited partnership
of a limited partnership; (e) any charter or similar document adopted or filed
in connection with the creation, formation, or organization of a Person; and
(f) any amendment to any of the foregoing.

        1.18  "Person" means any individual, corporation (including any
non-profit corporation), general or limited partnership, limited liability
company, joint venture, estate, trust, association, organization, labor union,
or other entity or governmental body.

        1.19  "Proceeding" means any action, arbitration, audit, hearing,
investigation, litigation, or suit (whether civil, criminal, administrative,
investigative, or informal) commenced, brought, conducted, or heard by or
before, or otherwise involving, any governmental body or arbitrator.

        1.20  "Representative" means with respect to a particular Person, any
director, officer, employee, agent, consultant, advisor, or other representative
of such Person, including legal counsel, accountants, and financial advisors.

        1.21  "Securities Act" means the Securities Act of 1933 or any successor
law, and regulations and rules issued pursuant to that Act or any successor law.

        1.22  "Shares" means the shares of the capital stock of FWLCO which
constitute all of the issued and outstanding shares of FWLCO to be acquired by
Victory pursuant to the Option Agreement.

        1.23  "Victory" means Victory Gold Inc., a Nevada corporation which is
the wholly-owned subsidiary of Vista, and its successors and assigns.

        1.24  "Vista" means Vista Gold Corp., a corporation continued under the
laws of the Yukon Territory, and its successors and assigns.

        1.25  "Vista Companies" means collectively Vista Gold Corp., Victory
Gold Inc. and their successors and assigns.

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        1.26  "Vista Share" means one (1) common share of the capital stock of
Vista and "Vista Shares" means collectively the common shares of the capital
stock of Vista to be issued by Vista and delivered to Century pursuant to
Section 2.2.

2.     Assignment of the Option Agreement; Closing.

        2.1    Assignment.    Subject to the terms and conditions of this
Agreement, Century will assign and transfer to Victory all of its right, title
and interest in and to the Option Agreement and the Shares and Victory agrees
that it will accept and assume the obligations of Century under the Option
Agreement and ownership of the Shares. On execution of this Agreement, Century
will execute and deliver to Victory the Assignment and Assumption in the form of
Exhibit 2.1 attached to and by this reference incorporated in this Agreement.

        2.2    Purchase Price.    The purchase price for the Assignment shall
consist of the following components:

                    (a)    The cash component of the purchase price shall
consist of Four Hundred Thousand Dollars ($400,000.00) representing
(i) reimbursement to Century of the sum of Two Hundred Fifty Thousand Dollars
($250,000.00) paid by Century to Lewis in accordance with the Option Agreement;
and (ii) additional consideration in the sum of One Hundred Fifty Thousand
Dollars ($150,000.00).

                    (b)    The stock component of the purchase price shall
consist of two hundred fifty thousand (250,000) Vista Shares.

                    (c)    The Century Properties component shall consist of the
transfer by FWLCO to Century of the Century Properties.

        2.3    Closing of Option Agreement and Transfer of Shares.    The
Closing shall occur immediately following Victory's closing of the Option. Vista
and Victory shall use their best efforts to close the Option Agreement on or
before December 16, 2005. If Lewis delays or prevents the Closing, the closing
date shall be extended for such time as is necessary for Victory's closing of
the Option. Century shall cooperate with Victory to enforce the Option
Agreement, but the costs of enforcement shall be the responsibility of Victory.

        2.4    Closing Obligations.    At the Closing:

                    (a)    Vista and Victory will deliver to Century:

                            (i)      the sum of Four Hundred Thousand Dollars
($400,000.00) in cash;

                            (ii)     Two Hundred Fifty Thousand (250,000) Vista
Shares evidenced by certificate or undertaking;

                            (iii)    Quitclaim Deeds duly executed by FWLCO to
Century for the Century Properties.

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        2.5    Vista's Post-Closing Registration Obligations.    Vista agrees to
file with the Securities and Exchange Commission (the "SEC") a registration
statement on Form S-3 (or another appropriate form) (the "Registration
Statement") covering the resale, on a continuous basis pursuant to Rule 415
under the Securities Act, by Century of all Vista Shares issuable to Century
pursuant to this Agreement, and use its commercially reasonable efforts to
pursue to effectiveness, the registration of such Vista Shares on Form S-3.
Vista shall be obligated only to register such Vista Shares on Form S-3, or its
successor or replacement form that authorizes incorporation by reference of
financial and other information from Vista's periodic reports and only if and to
the extent that Vista is eligible to use such form.

                    (a)    Vista shall use its commercially reasonable efforts
to keep the Registration Statement continuously effective under the Securities
Act until the date which is four years after the Closing Date or such earlier
date when all Vista Shares covered by the Registration Statement (i) have been
sold pursuant to the Registration Statement or an exemption from the
registration requirements of the Securities Act or (ii) may be sold without
volume restrictions pursuant to Rule 144(k) under the Securities Act as
determined by the counsel to Vista pursuant to a written opinion letter to such
effect, addressed and acceptable to Vista's transfer agent and Century
(the "Effectiveness Period"). In connection with Vista's registration
obligations hereunder, Vista shall:

                            (i)      From time to time amend or supplement the
Registration Statement as and to the extent necessary to comply with the
Securities Act and any applicable state securities statute or regulation;

                            (ii)     Provide Century with as many copies of the
prospectus contained in any such Registration Statement as it may reasonably
request;

                            (iii)    Prior to any resale of Vista Shares by
Century, use its commercially reasonable efforts to register or qualify the
Vista Shares covered by such Registration Statement under the applicable
securities or "blue sky" laws of such jurisdiction as Century may reasonably
request, and to keep each of the registration or qualification (or exemption
therefrom) effective during the Effectiveness Period and to do any and all other
acts or things reasonably necessary to enable the disposition in such
jurisdictions of the Vista Shares covered by such Registration Statement.

                    (b)    Vista shall bear all commercially reasonable costs
and expenses of each such registration of Vista Shares, including, but not
limited to, printing, legal and accounting expenses, and all registration and
filing fees including, without limitation, fees and expenses (i) with respect to
filings required to be made with the American Stock Exchange, Toronto Stock
Exchange or any other trading market on which the Vista Shares are then listed
for trading, and (ii) in compliance with applicable state securities or Blue Sky
laws.

                    (c)    Vista shall use its commercially reasonable best
efforts to file timely with the SEC such information as the SEC may require
under either of Section 13 or Section 15(d) of the Exchange Act. Vista shall use
its best efforts to take all action as may be required as a condition to the
availability of Rule 144 under the Securities Act (or any successor exemptive
rule hereafter in effect) with respect to the Vista Shares.

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3.     Century's Covenants, Representations and Warranties.    Century
covenants, represents and warrants to the Vista Companies as follows:

        3.1    Organization and Good Standing.

                    (a)    Century is a limited liability company, duly
organized, validly existing, and in good standing under the laws of Nevada, with
full corporate power and authority to conduct its business as it is now being
conducted.

                    (b)    Century has delivered to Vista copies of the
Organizational Documents of FWLCO, as currently in effect, obtained by Century
from Lewis.

        3.2    Authority; No Conflict; Investment Status and Intent.

                    (a)    This Agreement constitutes the legal, valid, and
binding obligation of Century.

                    (b)    Neither the execution and delivery of this Agreement
nor the consummation or performance of any of the Contemplated Transactions
will, directly or indirectly (with or without notice or lapse of time):

                            (i)      contravene, conflict with, or result in a
violation of any provision of the Organizational Documents of Century.

                            (ii)     contravene, conflict with, or result in a
violation of, or give any governmental body or other Person the right to
challenge any of the Contemplated Transactions.

                            (iii)    contravene, conflict with, or result in a
violation of any of the terms or requirements of, or give any governmental body
the right to revoke, withdraw, suspend, cancel, terminate, or modify, any
Governmental Authorization that is held by Century or that otherwise relates to
the business of, or any of the assets owned or used by, Century;

                            (iv)    Century is not required to give any notice
to or obtain any consent from any Person in connection with the execution and
delivery of this Agreement or the consummation or performance of any of the
Contemplated Transactions.

                    (c)    Century is an "Accredited Investor" within the
meaning of Regulation D under the Securities Act. By reason of its business and
financial experience, sophistication and knowledge, Century is capable of
evaluating the risks and merits of the investment made pursuant to this
Agreement. Century has such knowledge and experience in financial and business
matters as to be capable of evaluating the merits and risks of its investment in
the Vista Shares and it is able to bear the economic risks and complete loss of
such investment in the Vista Shares.

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                    (d)    Century hereby represents that (i) it has been
furnished by Vista during the course of this transaction with all information
regarding Vista which it had requested, (ii) all documents that have been
reasonably requested by Century have been made available for Century or
Century's counsel's inspection and review, (iii) Century has been afforded the
opportunity to ask questions of and receive answers from duly authorized
officers or other representatives of Vista concerning the terms and conditions
of the issuance of the Vista Shares to Century as partial consideration for the
assignment of the Option Agreement and Option to Victory, (iv) any other
additional information which Century has requested has been provided, (v) at no
time was Century presented with or solicited by any leaflet, public promotional
meeting, circular, newspaper or magazine article, radio or television
advertisement or any other form of general solicitation or general advertising
within the meaning of Regulation D under the Securities Act, (v) Century has had
an opportunity to examine the Century Properties and title to the Century
Properties and Century is relying on its examination in entering this Agreement,
(vi) Century acknowledges that none of Lewis, FWLCO, Vista or Victory has made
any representation or warranty regarding the condition of or title to the
Century Properties, and (vii) and Century acknowledges that it is accepting the
condition of and title to the Century Properties "as is" without any
representations or warranties. Century hereby agrees and acknowledges that the
terms of this Agreement represent the definitive terms of its acquisition of the
Vista Shares and shall supersede any terms set forth in any letter, memorandum,
document or term sheet and any discussion, agreement or understanding of any and
every nature among the parties hereto, including the Letter Agreement.

                    (e)    Century represents that the Vista Shares to be issued
and delivered to Century pursuant to this Agreement are being acquired for its
own account, for investment for an indefinite period of time, not as nominee or
agent for any other person, firm or corporation and not for distribution or
resale to others in contravention of the Securities Act and the rules and
regulations promulgated thereunder; provided however, the parties acknowledge
that prior to 12 months after closing date, Century may dispose of some or all
of the Vista Shares pursuant to an effective registration statement under the
Securities Act. Century agrees that it will not sell or otherwise transfer the
Vista Shares unless they are registered under the Securities Act or unless an
exemption from such registration is available.

                    (f)    Century understands and acknowledges that the Vista
Shares have not been, and will not as of the time issued, be registered under
the Securities Act and that they will be issued in reliance upon exemptions from
the registration requirements of the Securities Act, and thus cannot be resold
until 12 months after closing date, unless they are included in an effective
registration statement filed under the Securities Act or unless an exemption
from registration is available for such resale. With regard to the restrictions
on resales of the Vista Shares, Century is aware: (i) that Vista will issue stop
transfer orders to its stock transfer agent in the event of attempts to
improperly transfer any such Vista Shares, and (ii) that a restrictive legend
will be placed on certificates representing the Vista Shares, which legend will
read substantially as follows:

UNLESS PERMITTED UNDER CANADIAN SECURITIES LEGISLATION, THE HOLDER OF THIS
SECURITY MUST NOT TRADE THE SECURITY BEFORE [insert date that is four months and
one day after the Closing Date]. THE SECURITIES REPRESENTED BY THIS CERTIFICATE
ARE LISTED ON THE TORONTO STOCK EXCHANGE ("TSX"); HOWEVER, THE SAID SECURITIES
CANNOT BE TRADED THROUGH THE FACILITIES OF TSX SINCE THEY ARE NOT FREELY
TRANSFERABLE, AND CONSEQUENTLY ANY CERTIFICATE REPRESENTING SUCH SECURITIES IS
NOT "GOOD DELIVERY" IN SETTLEMENT OF TRANSACTIONS ON TSX.

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THE SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "ACT") OR ANY APPLICABLE
STATE SECURITIES LAW. NO INTEREST THEREIN MAY BE SOLD, DISTRIBUTED, ASSIGNED,
OFFERED, PLEDGED OR OTHERWISE TRANSFERRED OR DISPOSED OF WITHOUT (A) AN
EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT AND APPLICABLE UNITED STATES
STATE SECURITIES LAWS COVERING ANY SUCH TRANSACTION, (B) RECEIPT BY THE
CORPORATION OF AN ACCEPTABLE LEGAL OPINION STATING THAT SUCH TRANSACTION IS
EXEMPT FROM REGISTRATION, OR (C) THE CORPORATION OTHERWISE SATISFYING ITSELF
THAT SUCH TRANSACTION IS EXEMPT FROM REGISTRATION.

        The legend stated above shall be promptly removed from any certificate
representing the Vista Shares, and Vista shall issue a certificate without such
legend to Century, if, unless otherwise required by Canadian, provincial or
state securities laws (i) such Vista Shares are registered for resale under the
Securities Act and are sold in compliance with the requirements of the
Securities Act; (ii) in connection with a sale transaction, such holder provides
Vista with an opinion of counsel, in a form reasonably acceptable to Vista, to
the effect that a public sale, assignment or transfer of such Vista Shares may
be made without registration under the Securities Act; or (iii) such holder
provides Vista with reasonable assurances that such Vista Shares can be sold
pursuant to Rule 144 promulgated under the Securities Act without any
restriction as to the number of securities acquired as of a particular date that
can then be immediately sold. Notwithstanding the removal of the legend stated
above in the event the Vista Shares are registered for resale on an effective
registration statement, Vista reserves the right to affix a legend on
certificates representing such Vista Shares that any selling shareholder must
comply with the prospectus delivery requirements of the Securities Act in
connection with any resale. Vista shall bear the cost of the removal of any
legend as anticipated by this Section.

        3.3    Relationships With Related Persons.    Neither Donald J. Decker
nor Suzanne R. Decker, nor any related person of Century has or has had any
interest in any property (whether real, personal, or mixed and whether tangible
or intangible) used in or pertaining to FWLCO's businesses.

        3.4    Certain Proceedings.    There is no pending Proceeding that has
been commenced against Century and that challenges, or may have the effect of
preventing, delaying, making illegal, or otherwise interfering with, any of the
Contemplated Transactions. To Century's Knowledge, no such Proceeding has been
threatened.

        3.5    Title to Option Agreement.    Century owns all of the right,
title and interest in and to the Option Agreement and has not entered into any
agreement, contract, option or other transaction with any third party under
which Century has granted to any third party any interest in or the right to
acquire any interest in the Option Agreement, the Assets or the Shares. Century
represents and warrants that it is not presently negotiating with any other
party for the sale or transfer of its interest in the Option Agreement, the
Letter Agreement and this Agreement.

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4.     Vista's and Victory's Covenants, Representations and Warranties.    Each
of Vista and Victory covenants, represents and warrants for itself to Century as
follows:

        4.1    Organization and Good Standing.    Vista is a corporation duly
continued, validly existing, and in good standing under the laws of the Yukon
Territory. Victory is a corporation duly organized, validly existing, and in
good standing under the laws of the State of Nevada.

        4.2    Authority; No Conflict.

                    (a)    This Agreement constitutes the legal, valid, and
binding obligation of Vista and Victory, enforceable against Vista and Victory
in accordance with its terms.

                    (b)    Neither the execution and delivery of this Agreement
by Vista and Victory nor the consummation or performance of any of the
Contemplated Transactions by Vista or Victory will give any Person the right to
prevent, delay, or otherwise interfere with any of the Contemplated Transactions
pursuant to:

                            (i)      any provision of the Vista Companies'
Organizational Documents;

                            (ii)     any resolution adopted by the board of
directors or the stockholders of the Vista Companies;

                            (iii)    any Legal Requirement or order to which the
Vista Companies may be subject; or

                            (iv)    any Contract to which the Vista Companies
are parties or by which the Vista Companies may be bound.

        Except as stated in Exhibit 4.2, the Vista Companies are not and will
not be required to obtain any consent from any Person in connection with the
execution and delivery of this Agreement or the consummation or performance of
any of the Contemplated Transactions.

        4.3    Certain Proceedings.    There is no pending Proceeding that has
been commenced against the Vista Companies and that challenges, or may have the
effect of preventing, delaying, making illegal, or otherwise interfering with,
any of the Contemplated Transactions. To Vista's Knowledge, no such Proceeding
has been threatened.

        4.4    Securities and Exchange Commission Filings.

                    (a)    Vista has filed all forms, reports and documents
required to be filed by it with the SEC since January 1, 2005. Such forms,
reports and documents and all registration statements filed under the Securities
Act since January 1, 2005 (the "SEC Reports") (i) were prepared in accordance
with the requirements of the Securities Act or the Exchange Act, as the case may
be, and the rules and regulations thereunder, as amended (collectively, the
"Rules and Regulations"), and (ii) did not at the time they were filed contain
any untrue statement of a material fact or omit to state a material fact
required to be stated therein or necessary in order to make the statements made
or incorporated by reference therein, in the light of the circumstances under
which they were made or incorporated by reference, not misleading.

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                    (b)    Each of the consolidated financial statements
(including, in each case, any notes thereto) contained or incorporated by
reference in the SEC Reports was prepared in accordance with Canadian generally
accepted accounting principles applied on a consistent basis throughout the
periods indicated (except as may be indicated in the notes thereto) and each
fairly presented the consolidated financial position, results of operations and
changes in cash flow of Vista and its consolidated subsidiaries as of the
respective dates thereof and for the respective periods indicated therein,
except as otherwise noted therein (subject, in the case of unaudited statements,
to normal and recurring year-end adjustments which were not and are not
expected, individually or in the aggregate, to have a material adverse effect on
Vista).

        4.5    Authorization and Issuance of Vista Shares.    The authorized
capital stock of Vista consists of an unlimited number of common shares without
par value per share, of which 20,447,262 shares will be issued and outstanding
as of November 29, 2005. All of the outstanding common shares of Vista have been
duly authorized and issued and are fully paid and non-assessable. Upon issuance
of the Vista Shares, the Vista Shares will be duly and validly issued, fully
paid and non-assessable.

        4.6    Free Trading; Liquidated Damages.    In no event later than
12 months after the Closing Date, the Vista Shares shall become free trading,
subject only to the applicable limitations of Rule 144 of the Securities Act. If
a Registration Statement filed or required to be filed hereunder is not declared
effective by the SEC on or before the date which is six months following the
Closing Date (the "Effectiveness Date"), such failure being referred to as an
"Event," and the Effectiveness Date on which such Event occurs being referred to
as the "Event Date," then: (x) on such Event Date Vista shall pay to Century an
amount in cash, as liquidated damages and not as a penalty, equal to 1% of the
aggregate market value on the closing date of the Vista Shares issuable to
Century hereunder (the "Aggregate Market Value," with such Aggregate Market
Value to equal the number of Vista Shares issuable hereunder under multiplied by
the closing price of Vista Shares on the American Stock Exchange on the Closing
Date); and (y) on each monthly anniversary of the Event Date (if the Event shall
not have been cured by such date) until the earlier of (i) the date on which the
event is cured and (ii) the date on which all of the Vista Shares issuable to
Century hereunder may be sold pursuant to Rule 144 under the Securities Act,
Vista shall pay to Century an amount in cash, as liquidated damages and not as a
penalty, equal to 1% of the Aggregate Market Value. The liquidated damages
pursuant to the terms hereof shall apply on a pro-rata basis for any portion of
a month prior to the earlier of the cure of an Event or eligibility of the Vista
Shares for resale by Century pursuant to Rule 144, as contemplated by the
preceding sentence.

5.     Default; Remedies.

        5.1    Procedure.    Should any party default in the performance of its
obligations herein, any party injured by the default may serve written notice
thereof upon the defaulting party pursuant to Section 6.4 below. Said notice
shall allow the defaulting party 15 days in which to correct the default. If the
defaulting party fails to correct the default, the injured party may institute
legal action against the defaulting party for any remedy which may be available
to the injured party in law or in equity.

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        5.2    Attorneys' Fees.    In the event of litigation between parties
for default in performance of the Agreement, the prevailing party shall be
entitled to the award of its reasonable attorneys' fees.

6.     General Provisions.

        6.1    Expenses.    Except as otherwise expressly provided in this
Agreement, each party to this Agreement will bear its respective expenses
incurred in connection with the preparation, execution, and performance of this
Agreement and the Contemplated Transactions, including all fees and expenses of
agents, representatives, counsel, and accountants.

        6.2    Public Announcements.    Except as required by law or the rules
of the American Stock Exchange and the Toronto Stock Exchange or any other
regulatory body, for so long as this Agreement is in effect, no press releases
or public disclosure, either written or oral, concerning this Agreement
including but not limited to the Contemplated Transactions, shall be made by a
party to this Agreement without the prior knowledge and written consent of Vista
and Century, which consent shall not be unreasonably withheld.

        6.3    Disclaimer.    No party hereto makes any representation or
warranty to any other party regarding the condition of, or title to any assets
of FWLCO, or the financial condition or liabilities of FWLCO.

        6.4    Notices.    All notices, consents, waivers, and other
communications under this Agreement must be in writing and will be deemed served
when (a) delivered by hand (with written confirmation of receipt); (b) sent by
telecopier (with written confirmation of receipt), provided that a copy is
mailed by registered mail, return receipt requested; or (c) when received by the
addressee, if sent by a nationally recognized overnight delivery service
(receipt requested), in each case to the appropriate addresses and telecopier
numbers stated below (or to such other addresses and telecopier numbers as a
party may designate by notice to the other parties):

    Century: Century Gold LLC
285 Spring Creek Parkway, No. 1
Spring Creek, NV 89815
 
 
Vista and Victory:
Vista Gold Corp.
Victory Gold Inc.
7961 Shaffer Pkwy, Suite 5
Littleton, CO 80127

        6.5    Further Assurances.    The parties are (a) to furnish upon
request to each other such further information; (b) to execute and deliver to
each other such other documents; and (c) to do such other acts and things, all
as the other party may reasonably request for the purpose of carrying out the
intent of this Agreement and the documents referred to in this Agreement.

11

--------------------------------------------------------------------------------

        6.6    Entire Agreement and Modification.    This Agreement supersedes
all prior agreements between the parties with respect to its subject matter
(including the Letter Agreement) and constitutes (along with the documents
referred to in this Agreement) a complete and exclusive statement of the terms
of the agreement between the parties with respect to its subject matter. This
Agreement may not be amended except by a written agreement executed by the
parties.

        6.7    Assignments, Successors, and No Third-Party Rights.    Neither
party may assign any of its rights under this Agreement without the prior
consent of the other parties except that Vista may assign any of its rights
under this Agreement to any affiliate of Vista. Subject to the preceding
sentence, this Agreement will apply to, be binding in all respects upon, and
inure to the benefit of the successors and permitted assigns of the parties.
Nothing expressed or referred to in this Agreement will be construed to give any
Person other than the parties to this Agreement any legal or equitable right,
remedy, or claim under or with respect to this Agreement or any provision of
this Agreement. This Agreement and all of its provisions and conditions are for
the sole and exclusive benefit of the parties to this Agreement and their
successors and assigns.

        6.8    Brokers or Finders.    Neither Century, nor Vista, nor its
officers and agents have incurred any obligation or liability, contingent or
otherwise, for brokerage or finders' fees or agents' commissions or other
similar payment in connection with this Agreement.

        6.9    Section Headings, Construction.    The headings of Sections in
this Agreement are provided for convenience only and will not affect its
construction or interpretation. All references to "Section" or "Sections" refer
to the corresponding Section or Sections of this Agreement. All words used in
this Agreement will be construed to be of such gender or number as the
circumstances require. Unless otherwise expressly provided, the word "including"
does not limit the preceding words or terms.

        6.10  Time of Essence.    With regard to all dates and time periods
stated or referred to in this Agreement, time is of the essence.

        6.11  Governing Law.    This Agreement will be governed by the laws of
the State of Nevada without regard to conflicts of laws principles.

        6.12  Joinder by Century and Faith.    Century Gold LLC, Donald J.
Decker, Suzanne R. Decker and Faith have executed this Agreement to acknowledge
their assignment to Century of all of their right, title and interest in, to and
under the Option Agreement and to approve, confirm and ratify Century's
execution and delivery of this Agreement and performance of its obligations
under this Agreement.

12

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        The parties have executed and delivered this Agreement effective as of
December 9, 2005.

CENTURY GOLD LLC   FAITH MINERALS AND LAND COMPANY
By:
/s/  DONALD J. DECKER      

--------------------------------------------------------------------------------

 
By:
/s/  DONALD J. DECKER      

--------------------------------------------------------------------------------

  Donald J. Decker, Manager     Donald J. Decker, Manager
 
 
 
VISTA GOLD CORP. By: /s/  DONALD J. DECKER      

--------------------------------------------------------------------------------

        Donald J. Decker, Trustee of the Decker
Ridge Joint Revocable Trust   By: /s/  MICHAEL B. RICHINGS      

--------------------------------------------------------------------------------

        Michael B. Richings,         Chief Executive Officer By: /s/  SUZANNE R.
DECKER      

--------------------------------------------------------------------------------

        Suzanne R. Decker, Trustee of the Decker   VICTORY GOLD INC.   Ridge
Joint Revocable Trust             By: /s/  MICHAEL B. RICHINGS      

--------------------------------------------------------------------------------

        Michael B. Richings, President

13

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Agreement for Assignment and Assumption of Option Agreement

Description of Exhibits

Exhibit 1.3   Description of Century Properties Exhibit 2.1   Assignment and
Assumption Exhibit 4.2   Description of Vista Consents, Notices and Obligations

14

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Exhibit 1.3

Description of Century Properties

A.    Eureka Property; Eureka County, Nevada.    A one hundred percent (100%)
interest in the patented mining claims described in Part A.

B.    Mina Gold Property; Mineral County, Nevada.    A one hundred percent
(100%) interest in the patented mining claims described in Part B.

C.    Wonder Property; Churchill County, Nevada.    An undivided fifty percent
(50%) interest in 78 patented mining claims, approximately 900 town site lots
and certain water rights situated in the Wonder Mining District, Churchill
County, Nevada, more particularly described in Part C.

D.    Mt. Hamilton, Treasure Hill Property; White Pine County, Nevada.    An
undivided fifty percent (50%) interest in certain fee lands, 104 patented mining
claims and 20 unpatented mining claims situated in White Pine County, Nevada,
more particularly described in Part D.

15

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Part A

Eureka Property
Eureka County, Nevada
Eureka Mining District

Claim Name

--------------------------------------------------------------------------------

  Township

--------------------------------------------------------------------------------

  Range

--------------------------------------------------------------------------------

  Section

--------------------------------------------------------------------------------

  Assessor Parcel Nos.

--------------------------------------------------------------------------------

  Patent Nos.

--------------------------------------------------------------------------------

  Mineral Survey Nos.

--------------------------------------------------------------------------------

Killington Lode   18N   53E   22   410-001-49   16279   291 Volk & Paintoni Lode
  19N   53E   34   410-001-49   6317   283 Water Jacket Lode   18N   53E   26  
410-001-49   8639   285

16

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Part B

Mina Gold Property
Mineral County, Nevada
Simon Bell Mining District

Claim Name

--------------------------------------------------------------------------------

  Township

--------------------------------------------------------------------------------

  Range

--------------------------------------------------------------------------------

  Section

--------------------------------------------------------------------------------

  Assessor Parcel Nos.

--------------------------------------------------------------------------------

  Patent Nos.

--------------------------------------------------------------------------------

  Mineral Survey Nos.

--------------------------------------------------------------------------------

Aviator   8N   37E   7   009-020-01   744789   4288 Buckeye   8N   37E   7  
009-020-01   744789   4288 Ideal   8N   37E   7   009-020-01   744789   4288
Monster   8N   37E   7   009-020-01   744789   4288 Two Buckle   8N   37E   7  
099-020-01   744789   4288

17

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Part C

Wonder Property
Churchill County, Nevada
Wonder Mining District

Patented Lode Mining Claims

Claim Name

--------------------------------------------------------------------------------

  Book

--------------------------------------------------------------------------------

  Page

--------------------------------------------------------------------------------

  Assessor Parcel Nos.

--------------------------------------------------------------------------------

  Patent Nos.

--------------------------------------------------------------------------------

  Mineral Survey Nos.

--------------------------------------------------------------------------------

Scorpion Lode           000-003-99       3071 Great Eastern           000-003-99
      3122 Great Eastern Fraction           000-003-99       3122 Great Eastern
No. 1           000-003-99       3122 Great Eastern No. 3           000-003-99  
    3122 Great Eastern No. 4           000-003-99       3122 North Star Lode    
      000-003-99       4227 Queen No. 8           000-005-99       3786 B & S
Lode           000-006-99       3072 Nevada Wonder           000-006-99      
3078 Ruby No. 1           000-006-99       3079 Last Chance No. 1          
000-006-99       3124 Nevada Wonder No. 2           000-006-99       3325 Last
Chance No. 2           000-006-99       3326 Ruby No. 2           000-006-99    
  3327 Queen No. 5           000-006-99       3786 Nevada Wonder No. 3          
000-006-99       4225 Hidden Treasure           000-006-99       4226 Queen
No. 4           000-007-99       3786 Little Witch           000-008-99      
3398 Nevadan           000-008-99       3398 Pan Handle           000-008-99    
  3398 Silver Tip           000-008-99       3398 Valley View          
000-008-99       3398 Yellow Jacket           000-008-99       3398 Golden Dawn
No. 1           000-008-99       3671 Golden Dawn No. 2           000-008-99    
  3671 Golden Dawn No. 3           000-008-99       3671

18

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Golden Dawn No. 6           000-008-99       3671 Queen Bee           000-013-99
      3786 Queen No. 1           000-014-99       3786 Rose No. 1          
000-016-99       4227 Twilight No. 2           000-016-99       4227 Twilight
No. 3           000-016-99       4227 Hidden Treasure No. 2           000-021-99
      4226 Queen No. 7           000-032-99       3786 Last Chance          
000-033-99       3123 Queen No. 10           000-038-99       3786 Blue Jay Lode
          000-040-99       2954 Nevada Wonder No. 1           000-050-99      
3327 Ruby           000-071-99       3327 Lost Chord           000-071-99      
3885 Hidden Treasure No. 1           000-071-99       4226 Starr          
000-093-99       3416 Moss Fraction           000-093-99       3417 Mars        
  000-094-99       3070 Blister Foot           000-094-99       3732 Beauty    
      000-094-99       3750 Grand View Fraction           000-094-99       3750
Hercules           000-094-99       3750 Hercules No. 2           000-094-99    
  3750 Hercules No. 3           000-094-99       3750 Hilltop          
000-094-99       3750 Hilltop Fraction           000-094-99       3750
Jackrabbit           000-094-99       3750 Lizard No. 1           000-094-99    
  3750 Worm           000-094-99       3750 Gold Bar No. 4           000-097-99
      3732 New York No. 2           000-097-99       3732 King Midas          
000-098-99       3885 King Midas No. 1           000-098-99       3885 King
Midas No. 2           000-098-99       3885 King Midas No. 3          
000-098-99       3885 Bumble Bee           000-100-99       3424 Grey Horse    
      000-100-99       3424 Grey Horse No. 1           000-100-99       3424

19

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Grey Horse No. 2           000-100-99       3424 Kingstone           000-100-99
      3424 Triangle Fraction           000-100-99       3424 Queen No. 9        
  000-102-99       3786
Wonder Townsite
 
 
 
 
 
 
 
 
 
  Wonder Townsite   1   190   010-567-06       3326

        Wonder Townsite Property consists of Wonder Townsite, described in the
patent thereof recorded December 18, 1911, n Book 1, Page 190, Official Records,
Churchill County, Nevada, and bounded and described as follows:

        BEGINNING AT SOUTHWEST CORNER NO. 1, from which U.S. Location Monument
No. 196 bears North seventy-nine degrees, seven minutes West six Thousand eight
hundred five and six-tenths feet distance; thence North twenty-seven degrees,
twenty-six minutes East two thousand six hundred thirty-two and fifty-three
hundredths feet to Corner No. 2, situate on line 6-7 of Survey No. 3326, LAST
CHANCE NO. 2 LODE CLAIM: thence South fifty-eight degrees, fifty-five minutes
East one hundred thirteen and thirty-three-hundredths feet to Corner No. 3,
identical with Corner No. 6 of said Survey No. 3326; thence South forth-six
degrees, sixteen minutes East six hundred eighty-eight and
forty-three-hundredths feet to Corner No. 4, at point of intersection of
line 5-6 of said Survey No. 3326 with the Westerly end line of the WILD BILL
LODE CLAIM, unsurveyed; thence South thriteen degrees east four hundred twelve
and seventy-one-hundredths feet to Corner No. 5, identical with the Southwest
Corner No. 4 of said WILD BILL LODE CLAIM: thence North seventy-seven degrees
East eight hundred thirty-five and sixty-two hundredths feet to Corner No. 6,
situate on the Southerly side line of said WILD BILL LODE CLAIM: thence South
sixty-two degrees, thirty-four minutes East five hundred sixty-two and
forty-eight hundredths feet to Corner No. 7; thence South twenty-seven degrees,
twenty-six minutes West two thousand six hundred feet to Corner No. 8; thence
North sixty-two degrees, thirty-four minutes West two thousand two hundred forty
feet to Corner No. 1, THE PLACE OF BEGINNING, containing one hundred
twenty-eight and thirty-nine-hundredths acres, according to the official plat on
file in the General Land Office.

        Excepting therefrom Block 31 and Block 42.

        Also Excepting thereform any streets, roads, rights-of-way, or easements
which may be owned or controlled by Churchill County.

Water Rights

Nevada Water Certificate No. 6, Permit 1510
Bench Creek Well Certificate No. 12957

20

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Part D

Mt. Hamilton, Treasure Hill Property
Hamilton Mining District
White Pine County

1.Patented Mining Claims

2.Fee Land

3.Unpatented Mining Claims

4.Water Rights

5.Exploration Agreement with Option to Purchase (Treasure Hill Project) between
F.W. Lewis, Inc. and Great American Minerals, Inc. dated December 1, 2004.

22

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Part D.1
Patented Mining Claims

Mt. Hamilton, Treasure Hill Property
White Pine County, Nevada
Hamilton Mining District

Claim Name

--------------------------------------------------------------------------------

  Township

--------------------------------------------------------------------------------

  Range

--------------------------------------------------------------------------------

  Section

--------------------------------------------------------------------------------

  Assessor Parcel Nos.

--------------------------------------------------------------------------------

  Patent Nos.

--------------------------------------------------------------------------------

  Mineral Survey Nos.

--------------------------------------------------------------------------------

Hamilton Townsite   16N   58E   17, 18   009-410-04   80     Alcyone            
  099-059-02   9302   109 Argyle               099-059-03   3038   100 Aurora  
            099-059-04   168   42 Baldy Sour               099-059-06   3193  
102 Black Rock Extension               099-059-07   2030   92 Black Rock Lode  
            099-059-08   2604   62 Black Lode or (Black Ledge)              
099-059-10   897   75 Bullion               099-059-12   1486   89 Bullion No. 1
              099-059-13   934   40 Bull Terrier               099-059-14  
294344   3801 Bull Whacker               099-059-15   294344   3801 Bunko      
        099-059-16   294344   3801 Caledonia               099-059-17   741   48
California               099-059-18   459   47 Charter Oke              
099-059-19   2170   87 Charter Oak Millsite               099-059-20   2170  
87B Charter Oak Lode               099-059-21   1891   52 & 86 Carlise No. 2    
          099-059-22   4203   67 Central Treasure Lode               099-059-26
  87   62 Chief               099-059-33   4398   4398 Cocopah              
099-059-34   511   52 C.O.D.               099-059-35   649   53

23

--------------------------------------------------------------------------------

Comanche               099-059-36   38411   1928 Compensation & Good Luck
Millsite               099-059-37   2157   59B Congress               099-059-39
  15022   73 & 114 Copper Glance               099-059-40   1010   63 Crescent  
            099-059-41   19472   90 C.T. Fay               099-059-42   650   57
Cuba               099-059-43   959498   4398 Dividend               099-059-46
  19474   89 Dog Star               099-059-47   6998   70 Eberhardt            
  099-059-48   167   41 Edgar               099-059-49   17796   116 Elgin No. 7
              099-059-50   249   37 Elko   16N   58E   19   099-059-51   1080  
77 Emerald Isle               099-059-52   635   51 Emerald Isle              
099-059-53   1578   69 Empire               099-059-54   2895   49 Eugene N.
Robinson               099-059-56   8789   108 Eureka               099-059-57  
15023   74 Eberhardt Lode               099-059-58   3818   43 First Easterly
Extension of Sheboygan               099-059-59   1011   66 First Southerly
Extension Hidden Treasure               099-059-60   467   58 Francis Cutting  
            099-059-61   2136   126 Gem               099-059-62   17797   117
Genesee               099-059-63   895   64 Glasier               099-059-64  
895   76 Good Luck Millsite               099-059-67   2157   59 Great Valley  
            099-059-69   1083   47 Haggin & Tevis Lode               099-059-71
  251   94 Hemlock               099-059-72   898   73 Hidden Treasure          
    099-059-73   2835   101 Hidden Treasure No. 2               099-059-74   125
  110 Iceberg               099-059-76   169   40 Iceberg              
099-059-77   260   45 Idaho Westerly               099-059-78   897   74
Imperial               099-059-79   884   71

24

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Compensation & Good Luck Mine               099-059-80   2157   59A Irene Lode  
            099-060-02   9303   71 & 107 Irvine               099-060-03   1122
  48 John Wild North Lode               099-060-04   2267   95A John Wild South
Lode               099-060-06   2267   96A Jennie A               099-060-08  
3039   61 Keystone               099-060-10   3217   97 King William            
  099-060-12   869   59 Kongsberg               099-060-13   1664   85 Lenora  
            099-060-14   309983   4032 Madison               099-060-17   309983
  4032 Mahogany               099-060-18   513   55 Manilla              
099-060-20   959498   4398 Milwaukee   16N   58E (59E)   35   099-060-23   1663
  51, 84 Mobile & Equality               099-060-24   2680   45 Monitor Reindeer
              099-060-26   2331   127 Mother   16   57   35   099-060-27   1773
  54 My Maryland               099-060-29   15024   75 New Defiance            
  099-060-31   3414   58A New Defiance Millsite               099-060-32   3414
  58B Nimrod               099-060-33   876   61 Northern Crown              
099-060-34   19473   91 Oh Joe   16   57   25   099-060-37   2264   93 - 60 Oko
Jumbo               099-060-38   33079   1880 Onetha (Onetho)?   16   58   25  
099-060-39   1662   50, 83 Ora   16   58   25   099-060-41   1666   46
Pennsylvania               099-060-43   1125   78 Pocotillo (Pocatillo)        
      099-060-46   263   44 Pocahontas & Isabella   16   58   31   099-060-47  
1668   65 Pogonip               099-060-48   14077   72 Rex (1/2)              
099-060-55   546610   4205 Rex (1/2 interest)   16   57   26   099-060-56  
546610   4205 Roanoke   16   58   30   099-060-58   6011   105 Hidden Treasure
2nd South Extension               099-060-61   3014   99 Silent Friend          
    099-060-62   309983   4032 Snowdrop               099-060-63   459   46

25

--------------------------------------------------------------------------------

South Aurora               099-060-64   146   37 Stafford              
099-060-65   3326   88 St John Del Rey               099-060-66   883   60 Sweet
Water               099-060-69   4236   103 Sunbeam               099-060-70  
1577   70 Tom Jefferson               099-060-71   16515   56 Trench   16   57  
27, 34   099-060-72   4611   65s Trustee               099-060-73   17376   76
Volcano               099-060-74   959498   4398 Ward Beecher              
099-060-75   510   50 Ward Beecher               099-060-76   512   49
Washington               099-060-77   14078   72 & 113 Western Central          
    099-060-78   746   115 West Onetha   16   58   25   099-060-79   307309  
4031 Wiperwill   16   59   30   099-060-80   2766   92

26

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Part D.2
Fee Lands

White Pine County, Nevada
Hamilton Mining District

Claim Name

--------------------------------------------------------------------------------

  Township

--------------------------------------------------------------------------------

  Range

--------------------------------------------------------------------------------

  Section

--------------------------------------------------------------------------------

  Assessor Parcel Nos.

--------------------------------------------------------------------------------

  Patent Nos.

--------------------------------------------------------------------------------

  Mineral Survey Nos.

--------------------------------------------------------------------------------

SE1/4 SE1/4   16N   58E   7   009-410-03         SE1/4 SW1/4   16N   58E   7  
009-410-02   SS8     NE1/4 SW1/4, NW1/4 SE1/4   17N   57E   34   009-310-04  
SS8    

27

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Part D.3
Unpatented
Claims

White Pine County, Nevada
Hamilton (White Pine) Mining District

Claim Name

--------------------------------------------------------------------------------

  Township

--------------------------------------------------------------------------------

  Range

--------------------------------------------------------------------------------

  Sec

--------------------------------------------------------------------------------

  Book

--------------------------------------------------------------------------------

  Page

--------------------------------------------------------------------------------

  BLM Serial Nos.

--------------------------------------------------------------------------------

  Loc Date

--------------------------------------------------------------------------------

NEWLANDS   0160N   0570E   23   3   179   98002   11/06/1893 NEWLAND # 2   0160N
  0570E   23   5   602   98003   2/4/1904 LOLA   0160N   0570E   26   199   260
  103343   8/11/1956 HOMESTAKE   0160N   0570E   23, 26   1   187-188   103344  
10/12/1886 BLACK CALCITE # 8   0160N   0580E   31   278   41   103427  
7/19/1965 ROCK SPRINGS   0160N   0580E   19, 30   119   121   103543   1/28/1934
YACKIE   0160N   0580E   19, 30   119   184   103544   6/3/1934 EXTENSION  
0160N   0580E   30   119   323   103545   7/1/1934 CHLORIDE # 1   0160N   0580E
  19, 20, 29, 30   257   216   103908   9/26/1963 CEDAR RIDGE   0160N   0580E  
30   221   192   107700   5/21/1959 EUREKA # 4   0160N   0570E   25   29   109  
171930   10/9/1980 EUREKA # 5   0160N   0570E   24, 25   38   5   198129  
4/10/1981 EUREKA # 6   0160N   0570E   25, 26   38   6   198130   4/10/1981
EUREKA # 7   0160N   0570E   24, 25, 26   38   7   198131   4/10/1981 SUNSHINE  
0160N   0570E   25   58   383   255303   8/25/1982 NEWLANDS # 3   0160N   0570E
  23   58   391   255306   8/25/1982 NE PLUS ULTRA # 2   0160N   0570E   23   58
  385   255307   8/25/1982 NEMISIS # 2   0160N   0570E   25, 26   66   68  
280466   6/4/1983 ISAACS # 1   0160N   0570E   25   66   70   280468   6/4/1983
META   0160N   0570E   25   66   72   280470   6/4/1983

28

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Part D.4
Water Rights

White Pine County, Nevada
White Pine Mining District

Name

--------------------------------------------------------------------------------

  Application No.

--------------------------------------------------------------------------------

  Certificate No.

--------------------------------------------------------------------------------

Cuba         Compensation & Good Luck   21990   7348 A Springs (Shermantown)  
21932   6888 Unnamed Stream (Dam No. 5)   21933   6889 Unnamed Stream
(Dam No. 4)   31256   10766 Unnamed Spring (Shermantown)   31257   10767 Unnamed
Spring (Shermantown)   23487   7769 Unnamed Spring (Shermantown)   23488   7770
Red Spring   23489   7771 Mokomoke Spring   31254     Unnamed Stream   31255    
Unnamed Stream   31256     Townsite Well   31257     Car Muir Spring   39079  
10772 Spring on West Side of Mokomoke Mtn.   4412   1030 Alex Muir Spring      
31765         1324

All other water rights or applications to the
State Engineer owned or applied for by
Frank W. Lewis in the White Pine Mining District.
(Applications without Certificate Numbers may be void or pending).

29

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Part D.5
Exploration Agreement With Option to Purchase (Treasure Hill Project) between
F.W. Lewis, Inc. and Great American Minerals, Inc. dated December 1, 2004,
unpatented mining claims

White Pine County, Nevada
Hamilton Mining District

Owner: Great American Minerals, Inc., subject to the Exploration Agreement

Claim Name

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  Township

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  Range

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  Sec

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  Book

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  Page

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  BLM Serial Nos.

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Treasure 1   15N   57E   12, 13, & 24           882041 Treasure 2   15N   57E  
12, 13, & 24           882042 Treasure 3   15N   57E   12, 13, & 24          
882043 Treasure 4   15N   57E   12, 13, & 24           882044 Treasure 5   15N  
57E   12, 13, & 24           882045 Treasure 6   15N   57E   12, 13, & 24      
    882046 Treasure 7   15N   57E   12, 13, & 24           882047 Treasure 8  
15N   57E   12, 13, & 24           882048 Treasure 9   15N   57E   12, 13, & 24
          882049 Treasure 10   15N   57E   12, 13, & 24           882050
Treasure 11   15N   57E   12, 13, & 24           882051 Treasure 12   15N   57E
  12, 13, & 24           882052 Treasure 13   15N   57E   12, 13, & 24          
882053 Treasure 14   15N   57E   12, 13, & 24           882054 Treasure 15   15N
  57E   12, 13, & 24           882055 Treasure 16   15N   57E   12, 13, & 24    
      882056 Treasure 17   15N   57E   12, 13, & 24           882057 Treasure 18
  15N   57E   12, 13, & 24           882058 Treasure 19   15N   57E   12, 13, &
24           882059 Treasure 20   15N   57E   12, 13, & 24           882060
Treasure 21   15N   57E   12, 13, & 24           882061 Treasure 22   15N   57E
  12, 13, & 24           882062 Treasure 23   15N   57E   12, 13, & 24          
882063 Treasure 24   15N   57E   12, 13, & 24           882064 Treasure 25   15N
  57E   12, 13, & 24           882065

30

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Treasure 26   15N   57E   12, 13, & 24           882066 Treasure 27   15N   57E
  12, 13, & 24           882067 Treasure 28   15N   57E   12, 13, & 24          
882068 Treasure 29   15N   57E   12, 13, & 24           882069 Treasure 30   15N
  57E   12, 13, & 24           882070 Treasure 31   15N   57E   12, 13, & 24    
      882071 Treasure 32   15N   57E   12, 13, & 24           882072 Treasure 33
  15N   57E   12, 13, & 24           882073 Treasure 34   15N   57E   12, 13, &
24           882074 Treasure 35   15N   57E   12, 13, & 24           882075
Treasure 36   15N   57E   12, 13, & 24           882076 Treasure 37   15N   57E
  12, 13, & 24           882077 Treasure 38   15N   57E   12, 13, & 24          
882078 Treasure 39   15N   57E   12, 13, & 24           882079 Treasure 40   15N
  57E   12, 13, & 24           882080 Treasure 41   15N   57E   12, 13, & 24    
      882081 Treasure 42   15N   57E   12, 13, & 24           882082 Treasure 43
  15N   57E   12, 13, & 24           882083 Treasure 44   15N   57E   12, 13, &
24           882084 Treasure 45   15N   57E   12, 13, & 24           882085
Treasure 46   15N   57E   12, 13, & 24           882086 Treasure 47   15N   57E
  12, 13, & 24           882087 Treasure 48   15N   57E   12, 13, & 24          
882088 Treasure 49   15N   57E   12, 13, & 24           882089 Treasure 50   15N
  57E   12, 13, & 24           882090 Treasure 51   15N   57E   12, 13, & 24    
      882091 Treasure 52   15N   57E   12, 13, & 24           882092 Treasure 53
  15N   57E   12, 13, & 24           882093 Treasure 54   15N   57E   12, 13, &
24           882094 Treasure 55   15N   57E   12, 13, & 24           882095
Treasure 56   15N   57E   12, 13, & 24           882096 Treasure 57   15N   57E
  12, 13, & 24           882097 Treasure 58   15N   57E   12, 13, & 24          
882098 Treasure 59   15N   57E   12, 13, & 24           882099 Treasure 60   15N
  57E   12, 13, & 24           882100 Treasure 61   15N   57E   12, 13, & 24    
      882101 Treasure 62   15N   57E   12, 13, & 24           882102 Treasure 63
  15N   57E   12, 13, & 24           882103

31

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Treasure 64   15N   57E   12, 13, & 24           882104 Treasure 65   15N   57E
  12, 13, & 24           882105 Treasure 66   15N   57E   12, 13, & 24          
882106
Treasure 100
 
15N
 
58E
 
6, 7, 18, & 19
 
 
 
 
 
882107 Treasure 101   15N   58E   6, 7, 18, & 19           882108 Treasure 102  
15N   58E   6, 7, 18, & 19           882109 Treasure 103   15N   58E   6, 7,
18, & 19           882110 Treasure 104   15N   58E   6, 7, 18, & 19          
882111 Treasure 105   15N   58E   6, 7, 18, & 19           882112 Treasure 106  
15N   58E   6, 7, 18, & 19           882113 Treasure 107   15N   58E   6, 7,
18, & 19           882114 Treasure 108   15N   58E   6, 7, 18, & 19          
882115 Treasure 109   15N   58E   6, 7, 18, & 19           882116 Treasure 110  
15N   58E   6, 7, 18, & 19           882117 Treasure 111   15N   58E   6, 7,
18, & 19           882118 Treasure 112   15N   58E   6, 7, 18, & 19          
882119 Treasure 113   15N   58E   6, 7, 18, & 19           882120 Treasure 114  
15N   58E   6, 7, 18, & 19           882121 Treasure 115   15N   58E   6, 7,
18, & 19           882122 Treasure 116   15N   58E   6, 7, 18, & 19          
882123 Treasure 117   15N   58E   6, 7, 18, & 19           882124 Treasure 118  
15N   58E   6, 7, 18, & 19           882125 Treasure 119   15N   58E   6, 7,
18, & 19           882126 Treasure 120   15N   58E   6, 7, 18, & 19          
882127 Treasure 121   15N   58E   6, 7, 18, & 19           882128 Treasure 122  
15N   58E   6, 7, 18, & 19           882129 Treasure 123   15N   58E   6, 7,
18, & 19           882130 Treasure 124   15N   58E   6, 7, 18, & 19          
882131 Treasure 125   15N   58E   6, 7, 18, & 19           882132

32

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Exhibit 2.1

Form of Assignment and Assumption

Assignment and Assumption

        This Assignment and Assumption is made by and among Century Gold LLC, a
Nevada limited liability company ("Century"), Donald J. Decker and Suzanne R.
Decker, as Joint Trustees of the Decker Ridge Joint Revocable Trust
(collectively "Decker"), and Victory Gold Inc., a Nevada corporation
("Victory").

Recitals

D.    Century, Decker and Frank W. Lewis, as trustee of the Frank Lewis Trust,
and Sharon F. Lewis, as trustee of the Sharon Lewis Trust (collectively "Lewis")
are parties to an Agreement for Purchase dated June 29, 2005 (the "Option
Agreement"), pursuant to which Lewis granted to Century the option ("Option")
and right to purchase all of the issued and outstanding shares of F.W.
Lewis, Inc., a Nevada corporation ("FWLCO") and Century has exercised the
Option.

E.    Century and Decker (collectively "ASSIGNOR") and Victory are parties to
the Agreement for Assignment and Assumption of Option Agreement ("Assignment
Agreement") pursuant to which Assignor agreed to assign the Option Agreement to
Victory.

F.    Assignor agreed to execute and deliver an assignment of the Option
Agreement.

        In consideration of the parties' rights and obligations under the
Assignment Agreement, and other good and valuable consideration, the receipt and
sufficiency of which the parties acknowledge, the parties agree as follows:

        1.     ASSIGNOR assigns, conveys and transfers to Victory, and Victory's
successors and assigns forever, all of ASSIGNOR's right, title and interest in,
to and under the Assignment Agreement and in and to the FWLCO shares.

        2.     Victory assumes and agrees to perform ASSIGNOR's obligations
under the Assignment Agreement.

        Dated effective December           , 2005.

33

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CENTURY GOLD LLC   DECKER RIDGE JOINT REVOCABLE TRUST
By:

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Donald J. Decker, Manager
 
By:

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Donald J. Decker, Joint Trustee
VICTORY GOLD INC.
 
By:

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Suzanne R. Decker, Joint Trustee By:

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Michael B. Richings, President      

 

STATE OF NEVADA, )       ss.     COUNTY OF ELKO. )    
This Assignment and Assumption was acknowledged before me on
December           , 2005, by Donald J. Decker as Manager of Century Gold LLC.
 
 
 

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Notary Public
STATE OF NEVADA,
)
 
    ss.     COUNTY OF ELKO. )    
This Assignment and Assumption was acknowledged before me on
December           , 2005, by Donald J. Decker as Joint Trustee of the Decker
Ridge Joint Revocable Trust.
 
 
 

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Notary Public
STATE OF NEVADA,
)
 
    ss.     COUNTY OF ELKO. )    
This Assignment and Assumption was acknowledged before me on
December           , 2005, by Suzanne R. Decker as Joint Trustee of the Decker
Ridge Joint Revocable Trust.
 
 
 

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Notary Public

34

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STATE OF COLORADO,
)
 
    ss.     COUNTY OF JEFFERSON. )    
This Assignment and Assumption was acknowledged before me on
December           , 2005, by Michael B. Richings as President of Victory
Gold Inc.
 
 
 

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Notary Public

35

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Exhibit 4.2

Description of Vista Consents,
Notices and Obligations

Approval of the American Stock Exchange of the transactions contemplated under
this Agreement.

Approval of the Toronto Stock Exchange of the transactions contemplated under
this Agreement.

36

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QuickLinks

Exhibit 10.35