| (1) | China Global Mining Resources      Limited, a corporation duly established in British Virgin Island,      with BVI Company Number 1386052 ("Company"    ); |
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| (2) | Mr. Lu Benzhao of No.      204, Block 17, Liyuan Village, Huashan District, Maanshan Municipality,      Anhui Province (ID      No.                                )      ("Consultant"); |
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| (1) | China Global Mining Resources      Limited(中国环球矿业资源有限公司),一家依法成立于英属维尔京群岛的公司,BVI公司号码:1386052(“公司”); |
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| (2) | 鲁本昭先生,现居住于安徽省马鞍山市花山区梨苑村17栋204号,身份证号码为    (“顾问”); |
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| (A)   | The      Company and Consultant have entered into a Consulting Agreement dated 11      August, 2008 (the "Consulting Agreement").  According to this      Consulting Agreement, the Consultant shall provide consulting service to      Maanshan Xiaonanshan Mining Co., Ltd ("XNS"), Nanjing Sudan      Mining Co., Ltd ("Sudan") and Maanshan      Zhaoyuan Mining Co., Ltd ("Zhaoyuan" and      collectively with the XNS and Sudan "Three Subsidiaries"),      and  the Company shall pay consulting fee to the      Consultant. |
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|   | 转让方和顾问于2008年8月11日签订了咨询服务协议(“咨询服务协议”)。根据该协议,顾问将向马鞍山小南山矿业有限公司(“小南山”)、南京苏丹矿业有限公司(“苏丹”)以及马鞍山昭源矿业有限公司(“昭源”,与另外两家合称“子公司”)提供咨询服务,公司将向顾问支付对价。 |
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| (B)   | The      Company and Consultant have agreed to amend the Consulting Agreement as      described below and then to transfer all rights and obligations of the      Company under the Consulting Agreement to China Global Mining Resources      (BVI) Limited. |
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| 1. | AMENDMENT |
|----|-----------|

|   | 修订 |
|--------|------------------|

| 1.1 | Parties      agree that Clause 2, Service Term of the Consulting Agreement is amended      as:  The service term under this Agreement shall be 5 years,      commencing from the closing date of Equity  Transfers. |
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| 1.2 | Parties      agree that Clause 3.1 of the Consulting Agreement shall be amended to read      as follows: "The Surety Deposit (the amount is subject to valid receipt)      paid by the Company to the Consultant under an Equity and Asset Transfer      Heads of Agreement dated 4 May, 2007 shall automatically be converted as      the upfront payment to the Consultant, and shall be deducted from the      Second Payment." |
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| 1.3 | Parties      agree that all payments to the Consultant under the schedule B of      Consulting Agreement shall be subject to there being available cash at      China Global Mining Resources (BVI) Limited (BVI Company Number      1513743). |
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|   | 各方同意,在咨询服务协议下的附件B下对顾问的支付均应受制于China      Global Mining Resources (BVI) Limited (BVI 公司代码 1513743)      可获得的现金。 |
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| 2. | FURTHER      ASSURANCE |
|----|------------------------|

|   | 进一步的保证 |
|--------|--------------------------------------------------|

|   | Each      Party shall do such acts and things as necessary and desirable to give      effect to the Assignment. |
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| 4.1 | The      Parties shall comply with any and all applicable laws, rules and      regulations of the governmental authorities of both the Peoples Republic      of China and Hong Kong concerned for performing the said services in this      Agreement. |
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| 4.2 | The      Parties shall not issue any press releases or make any other similar      publications with respect to this Agreement without first consulting with,      and obtaining the prior written approval of the other    Party. |
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| 4.3 | Consultant      agrees to indemnify the Company for any violation by Consultant of the      requirements under section 18.1 in performing services pursuant to this      Agreement. |
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| 5. | EFFECTIVENESS |
|----|---------------|

|   | 生效 |
|--------|------------------|

|   | This      Agreement shall become effective and binding on the Parties upon execution      by the Parties. |
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|   | 本协议经各方授权代表签署后生效并对各方具有约束力。 |
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| 公司:                                                                                                                                |
|---------------------------------------------------------------------------------------------------------------------------------------------------------|
| China      Global Mining Resources Limited /s/      Stephen D.      King          13 Jan      09 |
| 姓名:                                                                                                                                |
| 职务:                                                                                                                                |

| 顾问:                                            |
|---------------------------------------------------------------------|
| 鲁本昭先生 Lu      Benzhao  |