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Exhibit 10.19
 
LOAN AGREEMENT
September 11, 2008

Richard N. Jeffs (the “Lender”) of Flat 1, 49 Pont Street, London, SW1X 0DB,
advanced US$50,000 (the “Principal Sum”) to Red Lake Exploration, Inc. (the
“Borrower”) of 195 Park Avenue, Thunder Bay, Ontario, P7B 1B9.  The Lender
advanced the funds on September 11, 2008.
 
The Borrower agrees to repay the Principal Sum on demand, together with interest
calculated and compounded monthly at the rate of 8% per year (the “Interest”)
from September 11, 2008..  The Borrower is liable for repayment for the
Principal Sum and accrued Interest and any costs that the Lender incurs in
trying to collect the Principal Sum and the Interest.
 
The Borrower will evidence the debt and its repayment of the Principal Sum and
the Interest with a promissory note in the attached form.
 

LENDER         BORROWER   Richard N. Jeffs       Red Metal Resources Ltd.      
      Per:        Per:            
/s/ Richard N. Jeffs
   
/s/ Caitlin Jeffs
 
Richard N. Jeffs
   
Authorized Signatory
 

                             
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PROMISSORY NOTE

 

Principal Amount:  US$50,000
September 11, 2008

 
For value received, Red Lake Exploration, Inc. (the “Borrower”) promises to pay
on demand to the order of Richard N. Jeffs (the “Lender”) the sum of $50,000
lawful money of United States of America (the “Principal Sum”) together with
interest on the Principal Sum from September 11, 2008 (“Effective Date”) both
before and after maturity, default and judgment at the Interest Rate as defined
below.

For the purposes of this promissory note, Interest Rate means 8 per cent per
year.  Interest at the Interest Rate must be calculated and compounded monthly
not in advance from and including the Effective Date (for an effective rate of
8.3% per annum calculated monthly), and is payable together with the Principal
Sum when the Principal Sum is repaid.

The Borrower may repay the Principal Sum and the Interest in whole or in part at
any time.

The Borrower waives presentment, protest, notice of protest and notice of
dishonour of this promissory note.
 

      BORROWER         Red Metal Resources Ltd.                   Per:          
 
 
   
/s/ Caitlin Jeffs
 
 
   
Authorized Signatory 
 

 
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