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EXHIBIT 10.24
 
AMENDMENT AGREEMENT
TO THE AGREEMENT BETWEEN
ZORO MINING CORP.
AND
MINEX VENTURES II, LLC

 
This Amendment Agreement (the “Amendment Agreement”) to the agreement between
Zoro Mining Corp. and Minex Ventures II, LLC, dated September 27, 2011 (the
“Zoro-Minex Agreement”) is made and entered into by and between Minex Ventures
II, LLC, a Colorado limited liability company (“Minex”) and Zoro Mining Corp., a
Nevada Corporation (“Zoro”), on this 15th day of March, 2012 and is effective
retroactive to September 27, 2011.
 
 
A.
Minex and Zoro have entered into the Zoro-Minex Agreement, which, among other
things, describes the relationship of the parties relative to a binding Letter
of Intent (“LOI”) between Zoro, Formacion Yura Exploracion S.A.C., a closed
Peruvian company (“YE”), Donald LeRoy Stiles, an individual and single man
residing in the Republic of Peru (“Stiles”) and South American Immobiliara
S.A.C., a Peruvian company (“SAI”);

 
 
B.
Pursuant to the LOI, Zoro has the right to earn a joint venture interest in YE’s
Yura Yebecahas Mining Project located in Arequipa, Peru (“Yura Project”, and
conducting exploration activities (the “Yura Exploration Program”);

 
 
C.
Minex has also agreed under the Zoro-Minex Agreement to use its best efforts to
raise capital for Zoro in the amount of US$1.2 million, to enable Zoro to fund
obligations related to the Yura Exploration Program;

 
Now, therefore, for valuable consideration (the receipt and sufficiency of which
is hereby acknowledged) the parties do hereby agree as follows:
 
 
1.
The parties agree to adopt the following amendment to the Zoro-Minex Agreement:

 
 
a.
The last paragraph of clause 2 of the Zoro-Minex Agreement, under the heading
“Existing contributions of Minex” is deleted in its entirety, and is replaced by
the following language:

 
“The agreed value of the above contributions from Minex is US$1.6 million and in
consideration for the above contributions Zoro agrees to issue 10 million shares
of common stock to Minex or to those designated by Minex, subject to satisfying
applicable securities laws.”
 
 
 
 
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2. 
Other than the amendment set forth above, the parties incorporate by reference
the remainder of the Zoro-Minex Agreement, as if the same were fully set forth
herein.

 

In Witness Whereof, the parties execute this Agreement as of the day and year
first above written.
 

 
Zoro Mining Corp.
A Nevada Corporation

 
By:         /s/ Harold Gardner      
Name:    Harold Gardner
Title:      President and CEO

 

 
Minex Ventures II, LLC
A Colorado Limited Liability Company

 
By:         GST Investments, LLC
Manager of Minex Ventures II, LLC

 
By:          /s/ Gwendolyn K. Stimple    
Name:    Gwendolyn K. Stimple
Title:      Manager

 
 
 
 
 
 
 
 
 
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