EXPLORATION PERMIT WITH OPTION TO PURCHASE

     THIS EXPLORATION PERMIT WITH OPTION TO PURCHASE is made and entered into as
of the effective date, by and between AURELIO RESOURCE CORPORATION, a Nevada
corporation, whose address is 12345 West Alemeda Parkway, Suite 202, Lakewood,
Colorado 80228 (“Optionor” or “Aurelio”) and JKR GOLD REOURCES, INC., a
corporation incorporated under the laws of British Columbia, whose address is
Suite 610-815 West Hastings Street, Vancouver, B.C. Canada V6C 1B4, and NEWCO, a
Nevada corporation to be formed, whose address is 6121 Lakeside Drive, Suite
260, Reno, Nevada, 89511 (hereinafter jointly referred to as “Optionee”).

RECITALS

     A. Optionor is the Lessee under four Mining Leases covering 395 unpatented
mining claims, situated in Elko County, Nevada, more particularly described as:

A.1 That Mining Lease and Agreement dated August 25, 2008, by and between KM
Exploration, Ltd., (“KM”) as Lessor and SY Resources Acquisition, Inc. (“SY”) as
Lessee, (the “Mathewson Lease”). The Lessor’s interest was subsequently assigned
by KM to David Mathewson (“Mathewson”) by Assignment Agreement dated February 4,
2009. The Lessee’s interest was subsequently assigned by SY to C3 Resources,
Inc. (“C3”) by Assignment of Mining Leases dated September 19, 2008, and from C3
to Aurelio by Assignment of Mining Leases dated June 15, 2009. The Mathewson
Lease covers 172 CVN unpatented lode mining claims (collectively the “CVN
Claims”) situated in Sections 4 and 5, Township 30 North, Range 51 East, and
Sections 28, 29, 31, 32 and 33, Township 31 North, Range 51 East, in the County
of Eureka, State of Nevada as more particularly set out in Schedule “A” hereto;

A.2 That Mining Lease dated November 30, 2006 between WFW Resources, LLC
(“WFW”), as Lessor, and C3, as Lessee (the “WFW Lease”). The Lessee’s interest
in the Lease was assigned by Assignment of Mining Leases to Aurelio on June 15,
2009. The WFW Lease covers to 44 WFW unpatented lode mining claims (collectively
the “WFW Claims”) situated in Sections 8, 19, 20, 29 and 30, Township 31 North,
Range 51 East, MDM, in the County of Eureka, State of Nevada as more
particularly set out in Schedule “B” hereto;

A.3 That Mining Lease dated August 25, 2008, by and between KM as Lessor and SY
as Lessee (the “KM/IC Lease”). The Lessee’s interest was transferred by
Assignment of Mining Leases to Aurelio on June 15, 2009. The KM/IC Lease covers
88 IC unpatented lode mining claims (collectively the “IC Claims”) situated in
Sections 5 and 6, Township 27 North, Range 54 East, and Sections 28-32, Township
28 North, Range 54 East, MDM, in the County of Elko, State of Nevada as more
particularly set out in Schedule “C” hereto; and

- 1 -

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

A.4 That Mining Lease dated August 25, 2008, between KM as Lessor, and SY as
Lessee (the “KM/RC Lease”). The Lessor’s interest in this Lease was assigned by
KM to David C. Mathewson by Quitclaim Deed and Assignment on January 5, 2009.
The Lessee’s interest in the KM/RC Lease was subsequently assigned by SY to C3
by Assignment of Mining Leases dated September 10, 2008, and then transferred by
Assignment of Mining Leases by C3 to Aurelio on June 15, 2009). The KM/RC Lease
covers 91 RC unpatented lode mining claims (collectively the “RC Claims”)
situated in Sections 24 and 25, Township 29 North, Range 54 East, MDM, in the
County of Elko, State of Nevada as more particularly set out in Schedule “D”
hereto.

     The above leases are collectively referred to as “Leases” hereunder. The
underlying claims covered by the Leases are referred to as the “Claims”. The
Leases and Claims are hereinafter collectively referred to as the “Property.”

     B. Optionee desires to obtain a right to explore the Property and an Option
to Purchase the Property, and Optionor wishes to grant such an exploration right
and purchase option, on the terms and conditions set forth herein.

  THEREFORE, the parties agree as follows:

SECTION ONE

Exploration Permit

     1.1 TERM. Optionor hereby grants to Optionee the exclusive right to explore
the Property, together with the exclusive right to purchase all of the
Optionor’s right, title and interest to the Property for a three year period
from the effective date of August 31, 2009, ending on midnight on August 31,
2012.

     1.2 WORK COMMITMENT. Optionee shall expend US$1,500,000 Exploration
Expenditures as defined in Paragraph 1.2.1 below on or before August 31, 2012
(the “Deadline”). If Optionee has not expended this amount by the Deadline, a
payment for the amount not expended may be made to the Optionor in lieu thereof.

     1.2.1 EXPLORATION EXPENDITURES.“Exploration Expenditures” as used herein
shall mean a program designed and directed toward discovery and delineation of
deep-seated gold deposits and other precious minerals on the Property.
Permissible expenditures shall include:

     1.2.1.1. Actual field salaries and wages (or the allocable portion
thereof), including benefit costs and payroll taxes, of employees or contractors
of Optionee actually performing on site exploration and related activities.

- 2 -

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

     1.2.1.2. Costs and expenses for the use of machinery, facilities, equipment
and supplies required for exploration, reclamation, and related activities.

     1.2.1.3. Travel expenses and transportation of employees and contractors,
materials, equipment and supplies necessary or convenient for the conduct of on
site exploration.

                                                           1.2.1.4.    All
payments to contractors for exploration, reclamation,  and related activities. 
                                                                 1.2.1.5.   
Costs of assays and other costs incurred to determine the  quality and quantity
of minerals.     

     1.2.1.6. Costs incurred to obtain permits, rights-of-way and other similar
rights as may be incurred in connection with exploration.

     1.2.1.7. Costs incurred in preparation and acquisition of environmental
permits necessary to commence, carry out or complete on site exploration.

     1.2.1.8. Costs and expenses of performing feasibility and other studies to
evaluate the economic feasibility of mining.

    1.2.1.9.    All costs of insurance incurred    by Optionee pursuant to 
Section 1.9.                    1.2.1.10.    All personal and real property
taxes assessed against the 

Property by the Elko County Assessor or other government entity and paid by
Optionee pursuant to Section 1.15.

     1.2.1.11. All federal claim maintenance fees and county recording fees paid
by Optionee pursuant to Section 1.16.

     1.2.1.12 Optionee shall be entitled to charge a management fee on all
exploration expenditures, which fee shall be included in the calculation of
Exploration Expenditures.

     1.2.1.13 Copies of all data generated for the Property, including, but not
limited to, drill hole logs, exploration information, including interpretive
information, maps, metallurgical studies, geophysical studies, all assay data,
drill hole check assays, survey records, down hole surveys and other information
of any sort (the “Data”) shall be provided to Optionor on an annual basis. To
the extent practical all Data shall be provided in electronic format as well as
hard copy. All colored maps shall be furnished in color. Optionee makes no
representation or warranty, express or implied, of any kind or nature whatsoever
with respect to the accuracy or reliability of the Data.

- 3 -

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

     1.2.1.14 In the event that Optionee does not exercise the Purchase Option,
upon termination of this Agreement all core and drill sample pulps not consumed
in assaying or metallurgical tests shall be delivered to Optionor at an address
in Elko, Nevada specified by Optionor. Duplicates of all sample cuttings shall
be saved in a building or in tightly closed barrels on the Property, or at such
other location as may be mutually acceptable to the parties.

     1.5 Right to Explore Only. Upon execution of this Agreement, Optionee shall
have the exclusive right to explore the Property, including, without limitation,
the right to conduct geological and geophysical investigations and surveys,
drilling, trenching, and related activities to evaluate the mineral potential of
the Property. Optionee shall not have the right to develop or mine the Property
in any form prior to exercising the Purchase Option and compliance with such
other covenants as may be contained in the Leases. Optionee may take samples up
to five hundred (500) pounds each for metallurgical testing.

     1.6 Data. Upon execution of this Agreement Optionor shall make available,
for copying by Optionee, all maps, deeds, and other documents pertaining to the
title, boundaries, prior work, production history, and similar material
associated with the Property which Optionee requests and which are in Optionor’
possession

     1.7 Area of Interest. Parties agree that as between themselves there is no
area of interest provision affecting this Agreement.

     1.8 Conduct of Work. Optionee shall perform its exploration activities
under this Agreement and any mining activities on the Property after exercise of
the Purchase Option in accordance with all applicable laws and regulations
relating to the performance of exploration and mining operations on the
Property, including those relating to environmental reclamation and clean-up,
and in compliance with applicable workers’ compensation laws of the State of
Nevada.

     1.9 Liability and Insurance. During the term of this Agreement and after
exercise of the Purchase Option, Optionee shall indemnify and hold Optionor
harmless from any claims, demands, liabilities or liens arising out of
Optionee’s activities on the Property, unless arising from the sole negligence
of Optionor. During the term of this Agreement, Optionee shall obtain and carry
a policy of public liability insurance as covenanted in the Leases, but in no
case less than ONE MILLION DOLLARS ($1,000,000) for personal injury and ONE
HUNDRED THOUSAND DOLLARS ($100,000) for property damage, protecting Optionor
against any claims for injury to persons or damage to property resulting from
Optionee’s activities under this Agreement. The insurance policy shall name
Optionor as an additional insured and evidence of such shall be delivered to
Optionor within thirty (30) days of the Effective Date of this Agreement.

     1.10 Liens. Optionee shall keep the Property free and clear from any and
all mechanics’ or laborers’ liens arising from labor performed on, or material
furnished to the Property at Optionee’s request. However, a lien on the Property
shall not constitute a default if

- 4 -

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

Optionee, in good faith, disputes the validity of the claim, in which case the
existence of the lien shall constitute a default thirty (30) days after the
validity of the lien has been adjudicated adversely to Optionee.

     1.11 Installation of Equipment. Optionee may install, maintain, replace,
and remove any and all mining machinery, equipment, tools and facilities
(“Equipment”) which it places on the Property to use in connection with its
exploration activities under the Agreement. In the event Optionee does not
exercise the Purchase Option, upon termination of this Agreement for any reason
Optionee shall have a period of thirty (30) days following such termination
during which it shall remove all of the Equipment at its sole cost and expense.

     1.12 Acquisition of Permits. In addition to any covenants contained in the
Leases, Optionee covenants to Optionor that it shall acquire all federal, state
and local permits required for its operations under this Agreement, including
without limitation those pertaining to reclamation and the posting of a
reclamation bond, as may be required by law.

     1.12.1 Optionee shall simultaneously deliver to Optionor copies of all
permit applications filed with regulatory agencies pertaining to the Property or
its operations hereunder. Optionee shall, promptly upon their receipt, deliver
to Optionor copies of all permits, amendments, and modifications issued for the
Property or its operations hereunder.

     1.12.2 In the event Optionee does not exercise the Purchase Option,
Optionee shall be responsible solely for that reclamation and clean-up liability
on the Property associated with Optionee’s activities under this Agreement.
Optionee shall reclaim any disturbance, including drilling, created by its
activities under this Agreement in accordance with applicable rules and
regulations of the appropriate state and federal agencies.

     1.13 Inspection of Property. Optionor, or its authorized agents or
representatives, shall be permitted to enter the Property at all reasonable
times for the purpose of inspection, surveying and sampling, but shall enter the
Property at their own risk and so as not to unreasonably hinder the operations
of Optionee. Optionor shall give reasonable notice before any visit and shall
indemnify and hold Optionee harmless from any damage, claim or demand by reason
of injury to Optionor or its agents or representatives, including death or
damage to or destruction of any property of Optionor or said agents or
representative while on the Property or the approaches thereto.

     1.14 Taxes. Optionee shall pay all taxes levied or assessed against the
Property and any improvements placed on the Property by Optionee. Optionor shall
provide promptly to Optionee copies of all documents relating to such taxes.
Optionee may take such action, at its expense, as it deems proper to obtain a
reduction or refund of taxes paid or payable by it, and Optionor shall cooperate
in such action, including but not limited to allowing such action to be taken
and prosecuted in Optionor' name. In the event Optionee does not exercise the
Purchase Option, upon termination of this Agreement, taxes shall be apportioned
between Optionor and Optionee on a calendar year basis for the remaining portion
of the calendar year. Optionor shall not be liable for taxes on any Equipment
placed on the Property under this Agreement.

- 5 -

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

     1.15 Maintenance of Claims. Optionee shall be responsible for the payment
of all required federal claim maintenance fees, or performance and filing of
assessment work (if such should ever be reinstated), and payment of the
necessary fees and recordation of the required documents with the appropriate
county offices for all unpatented mining claims included in the Property
according to the terms of the Lease.

     1.16 Relocation, Amendment and Patent. During the term of this Agreement
Optionee may, at Optionee’s sole expense and subject to the prior written
consent of the Lessors under the Leases and the Optionor, relocate, amend, or
apply for patent on any of the unpatented claims included in the Property. Any
such relocated, amended or patented claims shall be deemed to be part of the
Property, subject to all terms of this Agreement and such Lease may be affected.

     1.17 Mining Law Revision. In the event the General Mining Law is repealed
or substantially changed, Optionee shall have whatever rights may be afforded to
Optionor under the new laws, including, but not limited to, whatever preferred
right Optionor might have to a lease or other form of tenure in the lands
covered by the Property, all of which rights shall be subject to the terms of
this Agreement and the underlying Leases.

     1.18 Termination. Subject to the other terms of this Agreement, Optionee
shall have the right to terminate this Agreement at its sole discretion at any
time after by providing written notice to Optionor. Upon termination Optionor
shall retain all payments previously made and this Agreement shall cease and
terminate. Within thirty (30) days after termination, Optionee shall provide to
Optionor all Data developed by Optionee about the Property. To the extent
practical all Data shall be provided in electronic format as well as hard copy.
Optionee makes no representation or warranty, express or implied of any kind or
nature whatsoever with respect to the accuracy or reliability of the Data.
Termination by Optionee shall be effective as of the date Optionee transmits to
Optionor a written notice of termination and a quitclaim deed conveying to
Optionor all of Optionee’s right, title and interest in the Property.

     1.19 Default. Prior to exercise of the Purchase Option or termination by
Optionee, if Optionee fails to perform its obligations under this Agreement, and
in particular fails to make any payment due Optionor hereunder, Optionor may
declare Optionee in default by giving Optionee written notice specifying the
obligation(s) which Optionee has failed to perform. If Optionee fails to remedy
a default in payment within fifteen (15) days of receiving notice of such
default, or has not begun to cure any other default within thirty (30) days and
thereafter diligently prosecute such action to completion, Optionor may
terminate this Agreement and Optionee shall peaceably surrender possession of
the Property to Optionor. However, if Optionee disputes in writing that any
default has occurred, the matter shall be determined by litigation in a court of
competent jurisdiction. If Optionee is found to be in default hereunder,
Optionee shall have a reasonable time to cure such default, and if so cured,
Optionor shall have no right to terminate this Agreement by reason of such
default. Optionee shall promptly respond in writing to any notice of default
served on Optionee, either by curing the default or providing a written
explanation as to why, in Optionee’s opinion, a condition of default does not
exist.

- 6 -

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

     1.20 Obligations Following Termination. In the event of any termination of
this Agreement, Optionee shall surrender possession of the Property to Optionor.
In the event of any termination of this Agreement, Optionee shall have no
further liability or obligations under this Agreement, except for any
obligations: (1) to pay its apportioned share of taxes as provided in Section
1.15 hereof, (2) to pay any production royalty or other payments owed to
Optionor upon the effective date of termination, (3) to remove Equipment as
provided in Section 1.12 hereof, (4) to fulfill its reclamation obligations
pursuant to Section 1.4 hereof, and (5) to satisfy any other accrued obligations
or liabilities imposed by this Agreement or by operation of law.

SECTION TWO

Option to Purchase the Property

     2.1 Grant of Option. In consideration of the mutual promises and covenants
set forth herein, and for and in consideration of the following payments and
other consideration, OPTIONOR grants to OPTIONEE the exclusive and irrevocable
option to purchase all of its right, title and interest in and to the Leases,
the Claims and any additional claims free and clear of all mortgages, liens,
charges, encumbrances, leases, licenses, third party interests or other claims
of any nature or kind whatsoever, save and except for those royalties more
particularity described in Paragraph 2.4 and 2.8 below.

     2.2 Term. Pursuant to the payment schedule set forth in Paragraph 1.3
below, Optionee shall have the right to obtain an undivided 100% interest in the
properties at anytime prior to August 31, 2012.

     2.3 Purchase Price and Payment Schedule. The option price shall be TWO
HUNDRED SIXTEEN THOUSAND, SIX HUNDRED FIFTY SEVEN DOLLARS (US$216,657) to be
paid as set forth below, plus 600,000 common shares in the capital stock of JKR,
plus a work commitment for exploration expenditures in the amount of
US$1,500,000, plus a royalty as set forth in 1.4 below.

2.3.1 Optionee shall pay a total of US$216,657 as follows:

2.3.1.1      US$100,000 on or before September __, 2009;   2.3.1.2     
Reimburse Optionor US$16,567 on August 31, 2009 for  

claim maintenance fees incurred by Optionor;

2.3.1.3      US$100,000 on or before August 31, 2010;   2.3.1.4      Issue to
Optionor 600,000 common shares of capital stock  

of JKR Gold Resources Inc., (the “JKR shares”) on or before August 31, 2009;

- 7 -

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

     2.3.1.5 Expend a total of US$1,500,000 in exploration expenditures
(“Exploration Expenditures”) on the Properties on or before August 31, 2012, as
set forth in Paragraph 1.2 above.

     2.4 Reserved Royalty. Optionor reserves a 1% Net Smelter Return (“NSR”)
royalty in the Properties in the event that the option is exercised (the
“Aurelio Royalties”). In each case the NSR royalty shall be calculated and paid
on the same basis as set forth in the underlying Lease affecting the claims on
which production is taking place.

     2.5 Outstanding Royalties. Optionee acknowledges that the Leases are
subject to the following Royalties:

     2.5.1 The Mathewson Royalty. The Mathewson Lease is subject to annual lease
payments and an underlying production royalty of 4% net smelter returns in favor
of Mathewson (the “Mathewson Royalty”) as more particularly described in
Schedule “A”;

     2.5.1.1 Royalty Buy Down on the Mathewson Lease. In the event Optionor
exercises the Option in the aforesaid manner, Mathewson covenants and agrees
that, from and after the date of exercise of the Option (the “Exercise Date”)
and notwithstanding section 5 of the Mathewson Lease, Optionor, as tenant, shall
have the sole, exclusive and irrevocable right and option (the “Mathewson Buy
Down Option”) to buy down the Production Royalty (as such term is defined in the
Mathewson Lease) on gold in favor of Mathewson, as owner, from 4% net smelter
returns to 2% net smelter returns on the following terms and conditions:

     2.5.1.1.1 One royalty “point” or 1% net smelter returns (the “First Point”)
for US$1,000,000 cash payable on or before the fifth anniversary of the Exercise
Date or US$5,000,000 cash payable after the fifth anniversary of the Exercise
Date but on or before the tenth anniversary of the Exercise Date; and

     2.5.1.1.2 An additional one royalty “point” or 1% net smelter returns (the
“Second Point”) for an additional US$5,000,000 payable on or before the tenth
anniversary of the Exercise Date,

     2.5.1.2 Failure to Exercise the Mathewson Royalty Buy Down. If Optionee
fails to exercise the Mathewson Buy Down Option in regards to purchasing either
the First Point or the Second Point, the Mathewson Buy Down Option shall
thereafter lapse and terminate and the original terms of the Mathewson Lease
with respect the tenant’s right to buy down the owner’s Production Royalty as
set out in section 5 thereof shall again apply to the Mathewson Lease.

     2.5.2 The WFW Royalty. The WFW Lease is subject to annual lease payments
and an underlying production royalty of 3% net smelter returns in favor of WFW
(the “WFW Royalty”) as more particularly described in Schedule “B”;

- 8 -

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

     2.5.3 The KM/IC Royalty. The KM/IC Lease is subject to annual lease
payments and an underlying production royalty of 4% net smelter returns in favor
of KM or its assignees (the “KM/IC Royalty”) as more particularly described in
Schedule “C”; and

     2.5.4 The KM/RC Royalty. The KM/RC Lease is subject to annual lease
payments and an underlying production royalty of 4% net smelter returns in favor
of KM or its assignees (the “KM/RC Royalty”) as more particularly described in
Schedule “D”.

2.6      Transfer of Shares. Optionor further acknowledges that:     2.6.1 JKR
is a private (non-reporting) issuer, incorporated in the  

Province of British Columbia, Canada and that the JKR Shares will be issued to
Optionee pursuant to an exemption (the "Exemption") from the registration and
prospectus requirements of the applicable securities laws and regulations in
Canada (collectively, the "Canadian Legislation") and, as a consequence:

     2.6.1.1.1 Optionor is restricted from using certain of the civil remedies
available under the Canadian Legislation;

     2.6.1.1.2 Optionor may not receive information that might otherwise be
required to be provided to Optionee under the Canadian Legislation if the
Exemption was not being used;

     2.6.1.1.3 Optionee is relieved from certain obligations that would
otherwise apply under the Canadian Legislation if the Exemption was not being
used;

     2.6.1.1.4 No securities commission or similar regulatory authority has
reviewed or passed on the merits of the JKR Shares;

    2.6.1.1.5    There is no government or other insurance covering the  JKR
Shares;                2.6.1.1.6    There are risks associated with the purchase
of the JKR  Shares; and                2.6.1.1.7    There are restrictions on
Optionor’s ability to resell 

the JKR Shares and it is the responsibility of Aurelio to find out what those
restrictions are and to comply with them before selling the JKR Shares;

     2.6.1.1.8 JKR is not a reporting issuer in any province or territory of
Canada and, accordingly, any applicable hold periods under the Canadian
Legislation may never expire, and the JKR Shares may be subject to restrictions
on resale for an indefinite period of time; and

- 9 -

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

     2.6.1.1.9 The JKR Shares have not been registered under the United States
Securities Act of 1933 (the “U.S. Securities Act”) or the securities laws of any
state in the United States, Optionee has no obligation or present intention of
filing a registration statement under the U.S. Securities Act or any state
securities laws in respect of the JKR Shares and that the certificate
representing the JRK Shares to be issued to Optionor will bear restrictive
legends in accordance with applicable United States federal and state securities
laws.

     2.7 Exercise of Option. In the event Optionor exercises the Option in
accordance with this Agreement, Optionor shall have earned a 100% undivided
legal and beneficial interest in the Properties and Optionee shall forthwith
execute and deliver to Optionor such transfers and assignments as shall be
effective to transfer and convey to Optionor a 100% undivided legal and
beneficial interest in the Properties free and clear of all Encumbrances save
and except for the Aurelio Royalties as defined in Paragraph 2.4 above, the KM
Royalty, the WFW Royalty, the KM/IC Royalty, the KM/RC Royalty as defined in
Paragraphs 2.5.1 through 2.5.4 below, (collectively the “Royalties”). All such
transfers and assignments shall be in recordable form.

     2.8 Option Termination. If Optionor fails to make the cash payments, issue
the JKR Shares or incur the Exploration Expenditures by the Deadline (or pay the
amount equivalent to the amount not expended to Optionor) or within 5 business
days following receipt of a written notice of default from Optionee, the Option
shall terminate and be of no further force or effect. In the event of any lapse,
termination or surrender of the Option, Optionor shall: 2.8.1 Ensure that the
Leases and underlying claims are in good standing for a period of not less than
six months from the lapse, termination or surrender of the Option; 2.8.2 Ensure
that the Leases and underlying claims are in at least the same state concerning
environmental and hazardous conditions as they were on the date of this
Agreement and that they are free and clear of all Encumbrances that may have
been created by Optionor; and 2.8.3 Deliver to Optionee any and all reports,
maps, assessment reports and maps, samples, assay results, drill cores, data and
other information of any kind whatsoever pertaining to the leases or underlying
claims or Optionor’s work thereon which have not been previously delivered to
Optionee.

     Notwithstanding the foregoing, Optionor may, at any time during the Option
Period in its discretion, elect to release one or more claims from the
provisions of this Agreement and the Leases upon written notice to Optionee and
the underlying lessor provided that such released claims are in good standing
for a period of not less than six months from the date of the notice.

2.9      Representations and Warranties.     2.9.1 Of Optionor. Optionor
represents and warrants to Optionee as follows and  

acknowledges that Optionee is relying upon such representations and warranties
in connection with this Agreement:

2.9.1.1 Optionor is the legal and beneficial owner of a 100%

- 10 -

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

undivided interest and has good and marketable title to the leasehold interest
in the Leases, free and clear of all Encumbrances of whatsoever nature or kind,
save and except for the Royalties;

     2.9.1.2 Optionor acknowledges that any of the claims from the CVN, RC and
IC group whose 2010 claim fee payments were not paid prior to July 1, 2009 as
per the underlying Lease, will be reinstated and become part of this Agreement
if the claim fees are paid by Optionor prior to August 15, 2009.

     2.9.1.3 The Mathewson Lease, the WFW Lease the IC Lease and the RC Lease
are in full force and effect and in good standing in accordance with their
respective terms, all lease payments, fees, royalties and taxes payable
thereunder are current and up to date and there have been no changes,
amendments, alterations or modifications to the Mathewson Lease the WFW Lease,
the IC Lease or the RC Lease whatsoever save and except as set out in Schedules
“A,”“B”,” “C,” and “D,” respectively, and save and except as modified by the
Claim Reduction Notice;

     2.9.1.4 Optionor has the full right and power to sell, assign and transfer
the Properties to Optionor as contemplated herein without the prior consent or
approval of any third party;

     2.9.1.5 Schedules “A”, “B”, “C”, and “D” hereto set out a true, accurate
and complete description of the CVN Claims, the WFW Claims, the IC Claims, and
the RC Claims, respectively, which claims have been validly located, tagged,
staked, filed and recorded in compliance with all applicable federal, state and
local laws and regulations including, but not limited to, the laws of the State
of Nevada and federal laws administered by the United States Bureau of Land
Management (collectively “Applicable Mining Laws”) as they relate to the
location and recording of such mineral claims and are valid and subsisting
mineral claims;

     2.9.1.6 Optionor has paid all taxes, fees, charges and other monies and
performed all acts and things required to be paid and done under the Leases and
Applicable Mining Laws to maintain the CVN Claims, the WFW Claims, the IC
Claims, and the RC Claims in good standing in accordance with such Leases and
laws, as applicable, until the dates shown in Schedules “A”, “B” ,“C”, and ”D,”
respectively, subject to the modifications described in the Claim Reduction
Notice;

     2.9.1.7 All activities and operations that have been carried out on the
Properties to date have been and are in compliance in all material respects with
all Applicable Mining Laws and directives of all governmental authorities,
agencies and tribunals having jurisdiction, and Optionor has not received notice
of non-compliance from any such authorities, agencies or tribunals;

     2.9.1.8 To the knowledge of Optionor, the Properties are free and clear of
any hazardous or toxic material, pollution, or other adverse environmental
conditions which may give rise to any environmental liability under any local,
state, or federal law, rule or

- 11 -

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

regulation and there is no judicial or administrative proceeding pending and no
environmental order has been issued or, to the best of Optionor’s knowledge,
information and belief, threatened, concerning possible violation of any
environmental laws or environmental orders in respect of the Properties and
Optionor has not received notice of non-compliance from any such authorities,
agencies or tribunals and is not aware of any circumstances that could give rise
to a notice of non-compliance;

     2.9.1.9 To the knowledge of Optionor, all environmental approvals required
with respect to activities carried out by Optionor on any part of the lands
covered by the Properties have been obtained, are valid and in full force and
effect, have been complied with, and there have been and are no proceedings
commenced or threatened to revoke or amend any such environmental approvals;

     2.9.1.10 Optionor has not entered into any arrangement or agreement and has
not made any commitment in respect of the Leases or the Properties and Optionor
is not subject to, nor a party to, any agreement, contract, order, judgment or
decree, or any other restriction of any kind or character, which materially
adversely affects the Leases or the Properties or which would prevent the
consummation of the transactions contemplated by this Agreement;

     2.9.1.11 To the knowledge of Optionor, there is no litigation, proceeding
or investigation pending or threatened, against or involving Optionor and
affecting the Leases or the Properies before or by any court, governmental
department, commission, or agency, which, if adversely determined, would
prohibit or frustrate the transactions and covenants contemplated in this
Agreement;

     2.9.1.12 Optionor is unaware of any material facts or circumstances which
have not been disclosed in this Agreement and which should be disclosed to
Optionee in order to prevent the representations and warranties set forth herein
from being materially misleading;

     2.9.1.13 Optionor is a corporation duly incorporated, validly subsisting
and in good standing under the laws of Nevada and has full corporate power,
capacity and authority to enter into and perform its obligations under this
Agreement and any agreement or instrument referred to or contemplated by this
Agreement;

     2.9.1.14 The entering into this Agreement and the performance by Optionor
of its obligations hereunder have been duly authorized by all necessary
corporate or other action and this Agreement constitutes a legal, valid and
binding obligation of Optionor enforceable against it in accordance with its
terms and conditions; and

     2.9.1.15 Neither the execution and delivery of this Agreement, nor the
performance of the transactions contemplated hereunder, conflict with, result in
the breach of or accelerate the performance required by any agreement to which
it is a party.

- 12 -

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

     2.9.2 Of Optionee. Optionee represents and warrants as follows and
acknowledges that Optionor is relying upon such representations and warranties
in connection with this Agreement:

     2.9.2.1 JKR is a corporation duly incorporated, validly subsisting and in
good standing under the laws of the Province of British Columbia;

     2.9.2.2 Newco is a Nevada corporation duly incorporated, validly subsisting
and in good standing.

     2.9.2.3 It has full corporate power, capacity and authority to enter into
and perform its obligations under this Agreement and any agreement or instrument
referred to or contemplated by this Agreement;

     2.9.2.4 Neither the execution and delivery of this Agreement nor the
performance of the transactions contemplated hereunder, conflict with, result in
the breach of or accelerate the performance required by any agreement to which
it is a party; and

     2.9.2.5 The entering into this Agreement and the performance by Optionee of
its obligations hereunder have been duly authorized by all necessary corporate
action and this Agreement constitutes a legal, valid and binding obligation of
Optionee enforceable against it in accordance with its terms and conditions.

     2.9.2.6 As of the date hereof, Optionee has unlimited authorized shares
with 11,000,000 shares issued and outstanding, and has allocated 1,000,000
shares subject to options and warrants outstanding as of the date hereof.

GENERAL PROVISIONS

     3.1 Transfer of Option. Optionor may, in its discretion, at any time prior
to the exercise of the Option, assign all or any portion of the Option to a
publicly traded company without the consent or approval of Optionee. In such
event, the JKR Shares acquired by Optionee will be exchanged for an equivalent
value of shares in such public entity.

     3.2 Governed By The Laws Of Nevada. This Agreement shall be governed by the
laws of Nevada and the federal laws of the United States applicable therein.

     3.3 Time of the Essence. Time is of the essence in this Agreement and the
transactions contemplated herein.

     3.4 Counterparts. This Agreement may be executed in two or more
counterparts and delivered by facsimile or PDF email attachment, each of which
will be deemed to be an original and all of which will constitute one agreement,
effective as of the date given above.

- 13 -

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

     3.5 Notice. Any notice required or permitted hereunder shall be considered
effectively given when mailed. All notices or payments to be made hereunder to
either party shall be made to such party at its address for notices below:

  Optionor:
Aurelio Resource Corporation
12345 West Alameda Parkway, Suite 202
Lakewood, Colorado 80228

Optionee:
JKR Gold Resources Inc.
Suite 610-815 West Hastings Street
Vancouver, B.C. Canada V6C 1B4

     3.6 Merger. The parties hereto agree that the whole agreement between them
is embodied in this Agreement and its attached Schedules. The parties hereto are
not bound by any agreements, understandings, or conditions other than as set
forth herein. Each and every provision hereof shall be binding upon and inure to
the benefit of the parties hereto, their respective successors and assigns.
Whenever used, the singular number shall include the plural, the plural the
singular and the use of any gender shall include all genders.

     3.7 Conflict with Leases. If the terms of this Exploration Permit with
Option to Purchase should conflict with the terms of the Leases, the terms of
the Leases shall prevail.

     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed as of the day and year first above written.

  Optionor:

  JKR Gold Resources Inc.

____________________
By:
_________________

Its:
_________________

  Optionee:

  Aurelio Resource Corporation

_____________________
By:
__________________

Its:
__________________

- 14 -

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

  State of
_____________

County of
___________

     I HEREBY CERTIFY that before me the undersigned authority personally
appeared
__________________________________
,
_________
of JKR Gold Resources Inc., to me known to the person described in and who
executed the foregoing instrument, and severally acknowledge the execution
thereof to be their free act and deed as such officer for the uses and purposes
therein mentioned, and said instrument is the act and deed of said corporation.

     WITNESS my hand and official seal in the State and County above mentioned
this ____ day of
______
, 2009.

  __________________________________
Notary Public

My commission expires:
_______________

  (Seal)

  State of
_____________

County of
___________

     I HEREBY CERTIFY that before me the undersigned authority personally
appeared
__________________________________
,
_________
of Aurelio Resource Corporation, to me known to the person described in and who
executed the foregoing instrument, and severally acknowledge the execution
thereof to be their free act and deed as such officer for the uses and purposes
therein mentioned, and said instrument is the act and deed of said corporation.

     WITNESS my hand and official seal in the State and County above mentioned
this ____ day of
______
, 2009.

  __________________________________
Notary Public

  My commission expires:
_______________

  (Seal)

- 15 -

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

  Acknowledged and Agreed
this ___ day of
_________
, 2009

By:
________________________
David Mathewson

     The parties acknowledge and agree that Mathewson is being made a party to
this Purchase Option Agreement for the sole purpose of providing the covenants
and agreements set out in section ___ hereof. The parties further acknowledge
that with respect to the Mathewson Lease, the KM/RC Lease and the KM/IC Lease,
lessee in each case has conveyed notice (dated June 30, 2009) (“Claim Reduction
Notice”) to the respective owners of a reduction in the claims to be included in
said leases, reference to said notice being hereby made for all purposes.

  State of
_____________

County of
___________

     I HEREBY CERTIFY that before me the undersigned authority personally
appeared David Mathewson, an individual, to me known to the person described in
and who executed the foregoing instrument, and severally acknowledge the
execution thereof to be their free act and deed for the uses and purposes
therein mentioned.

     WITNESS my hand and official seal in the State and County above mentioned
this ____ day of
______
, 2009.

  __________________________________
Notary Public

My commission expires:
_______________

  (Seal)

- 16 -

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

Schedule “A”
Description of Mathewson Lease

Mining lease and agreement dated August 25, 2008 (the “Mathewson Lease”) between
David Mathewson, as owner (as assigned from KM Exploration, Ltd. by assignment
agreement dated February 4, 2009), and C3, as tenant (as assigned from SY
Resources Acquisition, Inc. by assignment of mining leases dated September 19,
2008 and ultimately assigned to Aurelio on June 15, 2009), with respect to 172
unpatented lode mining claims (collectively the “CVN Claims”) situated in
Sections 4 and 5, Township 30 North, Range 51 East, and Sections 28, 29, 31, 32
and 33, Township 31 North, Range 51 East, in the County of Eureka, State of
Nevada as follows:

Claim Name    County Book/Page    BLM Number    Expiry Date 

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

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

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

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

CVN    1 – 14    356    –    PO14 – 027    836897    –    836910    œ 

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

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

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

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

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

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

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

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

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

CVN    19    –    32    356    –    PO28 – 041    836911    –    836924    œ 

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

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

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

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

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

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

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

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

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

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

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

CVN    15    –    18    375    –    P123 – 126    862055    –    862058    œ 

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

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

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

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

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

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

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

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

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

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

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

CVN    33    –    76    375    –    P127 – 170    862059    –    862102    œ 

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

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

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

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

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

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

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

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

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

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

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

CVN    77 – 112, 140 –    439    /    217    – 264    931052    –    931099   
œ  151                                             

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

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

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

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

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

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

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

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

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

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

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

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

CVN    113 – 139    439    /    265    – 291    931117    –    931143    œ 

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

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

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

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

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

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

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

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

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

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

CVN    151 – 172    484    /    261    - 281    1003113 – 1003133    œ 

(a)      The Mathewson Lease contains an area of interest clause under which any
claims located by either Mathewson or C3 within the following area of interest
shall become subject to the terms and conditions of the Mathewson Lease:    
Township 30 North, Range 51 East, MDM  

Sections 3 – 5, 8 – 10, 15 (SW ¼ of SW 3 only), 16 and 21 (E ½ only)

Township 13 North, Range 15 East, MDM

Sections 27 – 33 and 34 (W ½ only)

(b) The Mathewson Lease contains the following material terms and conditions:

- 17 -

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

(i)      the lessee is entitled to the exclusive lease to prospect and explore
for, mine, process, sell and dispose of all metallic ores and minerals of every
kind, except oil and gas, in, on or under the CVN Claims, together with all
rights of way, easements, water and water rights, geothermal water and
geothermal resources appertaining to the CVN Claims for a term of 25 years, and
so long thereafter as minerals are mined, produced, explored or sold from the
CVN Claims, but subject to earlier termination as provided for in the Mathewson
Lease;   (ii)      the lessee is required to make annual rental payments on each
anniversary of the Mathewson Lease starting at US$30,000 upon signing (paid) and
increasing to US$60,000 on the sixth anniversary of the Mathewson Lease and
annually thereafter, provided however that every five years the payments shall
be increased in proportion to any increase in the consumer price index (all
cities) over the prior five year period;   (iii)      the CVN Claims are subject
to a production royalty of four (4%) percent of net smelter returns in favour of
Mathewson (the “Mathewson Royalty”), provided that the lessee has the sole and
exclusive option to buy down the KM Royalty on gold only from 4% to 2% by paying
Mathewson a lump sum payment per royalty point (i.e. 1% net smelter returns) of
between US$2,000,000 and US$8,000,000 or more depending upon the average price
of gold for the 30 days preceding the exercise of the option as more
particularly set out in the Mathewson Lease;   (iv)      the lessee is required
to pay all claim maintenance fees and file all required filings with the United
States Bureau of Land Management and the county or counties in which the CVN
Claims are located to maintain the CVN Claims in good standing; and   (v)     
the lessee may terminate the Mathewson Lease at any time by written notice to
Mathewson.  

The claims to be included under the Mathewson Lease have been reduced pursuant
to the terms of the Claim Reduction Notice.

- 18 -

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

Schedule “B”
Description of WFW Lease

Mining Lease dated November 30, 2006 (the “WFW Lease”) between WFW Resources,
LLC

(“WFW”), as owner, and C3, as lessee, (ultimately assigned to Aurelio on June
15, 2009) with respect to 44 unpatented lode mining claims (collectively the
“WFW Claims”) situated in Sections 8, 19, 20, 29 and 30, Township 31 North,
Range 51 East, MDM, in the County of Eureka, State of Nevada as follows:

Claim Name                             County    Index    BLM Serial Numbers   
Expiry Date                                   Numbers                 

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

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

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

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

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

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

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

WFW    1                             Eureka doc #: 207772    NMC 945953       
œ                                   Book 452, Pg 136             

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

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

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

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

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

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

  WFW    2                             Eureka doc #: 204740    NMC 925939       
œ                                   Book 436, Pg 103             

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

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

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

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

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

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

  WFW    3 – 5                             Eureka doc #: 207773    NMC 945954   
–    œ                                   – 207775        945956               
                           Book 452, Pg 137 –                                   
           139                 

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

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

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

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

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

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

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

WFW    6                             Eureka doc #: 204741    NMC 925940       
œ                                   Book 436, Pg 104             

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

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

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

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

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

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

  WFW    7 – 23                             Eureka doc #: 207776 -    NMC
945957    –    œ                                   207792        945973       
                                   Book 452, Pg 140 –                           
                   156                 

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

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

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

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

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

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

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

  WFW    24                             Eureka doc #: 204742    NMC 925941     
  œ                                   Book 436, Pg 105             

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

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

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

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

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

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

  WFW    25 – 44                             Eureka doc #: 207793 -    NMC
945974 - 945993    œ                                   207812                 
                                 Book 452, Pg 157 –                             
                 176                 

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

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

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

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

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

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

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

         together with all ores, minerals, surface and mineral rights, and the
right to explore for,  mine, and    remove the same, and all.               
(a)     The WFW Lease contains the following material terms and conditions: 

- 19 -

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

(i)      the lessee has the right to make geological investigations and surveys,
drill, mine, remove, sell and dispose of ores, concentrates, mineral bearing
earth and rock and other products from the WFW Claims, together with all surface
and water rights and improvements, easements, licenses, rights-of-way and other
interests appurtenant thereto, for an initial term of 10 years, provided that
the term may be extended in five (5) year increments thereafter for a total term
of 40 years upon 60 days advance notice for each 5 year renewal term, and for as
long as mining operations are conducted on the WFW Claims, but subject to
earlier termination as provided for in the WFW Lease;   (ii)      until
production is achieved from the WFW Claims, the lessee shall make annual lease
payments of $6,000 upon signing (paid), US$12,500 in years 2 through 6,
US$17,500 in years 7 through 11 and US$17,500 plus adjustments for the cost of
living/inflation for year 11 and all years thereafter;   (iii)      upon
commencing production of valuable minerals from the WFW Claims, the lessee shall
pay WFW a royalty on production equal to three (3%) percent of net smelter
returns, provided that the lessee shall have the right at any time during the
term of the WFW Lease to purchase two (2) “points” of WFW’s gold production
royalty, each one (1) “points” being equivalent to one (1%) percent of net
smelter returns by paying WFW a lump sum payment per “point” of between
US$1,500,000 and US$7,000,000 or more depending upon the average price of gold
for the 30 days preceding the exercise of the option as more particularly set
out in the WFW Lease;   (iv)      the lessee has the option to purchase all
claims covered by the WFW Lease for  

US$20,000 per claim at any time during the lease period, except that the lessee
shall remain obligated to pay WFW the production royalties set out in paragraph
(iii) above;

(v) the lessee shall pay all federal claim maintenance fees and filing costs
required to maintain the WFW Claims in good standing; and

(vi) the lessee shall have the right to terminate the WFW Lease at its sole
discretion at any time upon 60 days advance notice in writing to WFW.

- 20 -

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

Schedule “C”
Description of KM/IC Lease

Mining Lease dated August 25, 2008 (the “KM/IC Lease”) between KM Exploration,
Ltd.(“KM”), as owner, and its assignees and SY Resources Acquisition, Inc., as
lessee (ultimately assigned to Aurelio on June 15, 2009) with respect to 88
unpatented lode mining claims (collectively the “IC Claims”) situated in
Sections 5 and 6, Township 27 North, Range 54 East, and Sections 28-32, Township
28 North, Range 54 East, MDM, in the County of Elko, State of Nevada as follows:

Claim Name                             Elko    County    BLM Serial Numbers   
Expiry Date                                   Document Numbers             

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

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

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

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

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

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

IC    1-6            NMC    952373-8952378    œ                               
   572104-572109             

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

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

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

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

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

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

IC    7-18            NMC    949632-948643    œ                               
   570349-570360             

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

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

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

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

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

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

IC    19-26                             585241-585248    NMC    972634-972641   
œ 

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

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

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

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

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

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

IC    27-50            NMC    952379-952402    œ                               
   572110-572133             

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

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

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

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

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

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

IC    51-54            NMC    948644-948647    œ                               
   570361-570364             

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

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

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

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

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

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

  IC    55-70                             585249-585264    NMC    972642-972657 
  œ 

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

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

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

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

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

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

  IC    71-88            NMC    952403-952420    œ                             
     572134-572151             

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

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

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

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

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

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

                 together with all ores, minerals, surface and mineral rights,
and the right to explore for,  mine, and    remove the same, and all.           
 

(a)      The KM/IC Lease contains the following material terms and conditions:  
  (i)      the lessee has the right to make geological investigations and
surveys, drill, mine, remove, sell and dispose of ores, concentrates, mineral
bearing earth and rock and other products from the IC Claims, together with all
surface and water rights and improvements, easements, licenses, rights-of-way
and other interests appurtenant thereto;     (ii)      until production is
achieved from the IC Claims, the lessee shall make annual lease payments of
$20,000 upon signing (paid), US $25,000 on the first anniversary and escalating
US$5000 annually thereafter until US$50,000 is required on the sixth
anniversary, after which the annual payment remains constant subject to CPI
adjustments every 5 years thereafter;  

- 21 -

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

(iii)      upon commencing production of valuable minerals from the IC Claims,
the lessee shall pay KM a royalty on production equal to four (4%) percent of
net smelter returns, provided that the lessee shall have the right at any time
during the term of the KM/IC Lease to purchase two (2) “points” of KM’s gold
production royalty, each one (1) “points” being equivalent to one (1%) percent
of net smelter returns by paying KM a lump sum payment per “point” of between
US$2,000,000 and US$8,000,000 upon the average price of gold for the 30 days
preceding the exercise of the option as more particularly set out in the KM/IC
Lease; and   (iv)      the lessee shall pay all federal claim maintenance fees
and filing costs required to maintain the IC Claims in good standing.  

The claims to be included under the KM/IC Lease have been reduced pursuant to
the terms of the Claim Reduction Notice.

- 22 -

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

Schedule “D”
Description of KM/RC Lease

Mining Lease dated August 25, 2008 (the “KM/RC Lease”) between KM Exploration,
Ltd. and assignees(“KM”), as owner, and its assignees, and SY Resources
Acquisition, Inc., as lessee (ultimately assigned to Aurelio on June 15, 2009)
with respect to 91 unpatented lode mining claims (collectively the “RC Claims”)
situated in Sections 24 and 25, Township 29 North, Range 54 East, MDM, in the
County of Elko, State of Nevada as follows;

Claim Name                             Elko    County    BLM Serial Numbers   
Expiry Date                                   Document Numbers             

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

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

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

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

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

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

RC    1-20            NMC    829209-829228    œ                               
   483537-483556             

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

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

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

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

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

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

RC    21-61            NMC    838626-838666    œ                               
   491095-491135             

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

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

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

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

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

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

RC    62-91                             542251-542280    NMC    909132-909161   
œ 

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

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

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

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

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

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

             together with all ores, minerals, surface and mineral rights, and
the right to explore for,  mine, and    remove the same, and all.             

(a)      The KM/IC Lease contains the following material terms and conditions:  
  (i)      the lessee has the right to make geological investigations and
surveys, drill, mine, remove, sell and dispose of ores, concentrates, mineral
bearing earth and rock and other products from the IC Claims, together with all
surface and water rights and improvements, easements, licenses, rights-of-way
and other interests appurtenant thereto;     (ii)      until production is
achieved from the IC Claims, the lessee shall make annual lease payments of
$20,000 upon signing (paid), US $25,000 on the first anniversary and escalating
US$5000 annually thereafter until US$50,000 is required on the sixth
anniversary, after which the annual payment remains constant subject to CPI
adjustments every 5 years thereafter;     (iii)      upon commencing production
of valuable minerals from the IC Claims, the lessee shall pay KM a royalty on
production equal to four (4%) percent of net smelter returns, provided that the
lessee shall have the right at any time during the term of the KM/IC Lease to
purchase two (2) “points” of KM’s gold production royalty, each one (1) “points”
being equivalent to one (1%) percent of net smelter returns by paying KM a lump
sum payment per “point” of between US$2,000,000 and US$8,000,000 upon the
average price of gold for the 30 days preceding the exercise of the option as
more particularly set out in the KM/IC Lease; and  

- 23 -

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

(iv)      the lessee shall pay all federal claim maintenance fees and filing
costs required to maintain the IC Claims in good standing.  

The claims to be included under the KM/RC Lease have been reduced pursuant to
the terms of the Claim Reduction Notice.

- 24 -

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