EXHIBIT 4.20

               Employment Agreement, dated April 1, 2004, between

                              Douglas Turnbull and
                                 0724000 BC Ltd.
                and Assignment Agreement dated September 14, 2005



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                               EMPLOYMENT CONTRACT


AGREEMENT made as of the 1st day of April, 2004

B E T W E E N:

                  DOUGLAS S.  TURNBULL,  Businessman,  of 746  Alderson  Avenue,
                  Coquitlam, British Columbia V3K 1V1

                  (the "Executive")

-and -

                  MAGELLAN  GOLD CORP.,  a Nevada  corporation  whose address is
                  889-609 Granville Street, Vancouver, British Columbia V7Y 1G5

                  (the "Company")


                  WHEREAS,  the  Executive  and the Company wish to execute this
Agreement in order to determine  their rights and obligations in relation to the
Executive's employment by the Company:

                  IN CONSIDERATION of the mutual covenants and agreements herein
contained and other good and valuable  consideration the receipt and sufficiency
of which is hereby  acknowledged  by the parties,  the Executive and the Company
hereby agree with one another as follows:

1.       INTERPRETATION

1.1      Definitions

In this  Agreement,  unless there is something in the subject  matter or context
inconsistent therewith:

         (a)      "Board"  means the board of directors of the Company from time
                  to time;

         (b)      "Business"  means the  business  carried on by the  Company of
                  identifying  mineral  resource  properties  for the purpose of
                  acquisition,  exploration and possible exploitation,  and such
                  other  business as may be carried on by the Company  from time
                  to time;

         (c)      "Business  Day"  means  any day of the week  except  Saturday,
                  Sunday or any statutory or civic  holiday  observed in British
                  Columbia;

         (d)      "Competitive   Business"  means  a  business  similar  to  the
                  Business   which   competes  with  the  Company  for  business
                  opportunities or employees;


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         (e)      "Effective Date" means April 1, 2004;

         (f)      "Intangible  Property"  means  all  discoveries,   inventions,
                  improvements,   techniques,   concepts   and  ideas,   whether
                  patentable or not,  know-how and similar  intangible  property
                  made,  discovered,  conceived,  invented  or  improved  by the
                  Executive  since  the  beginning  of  his  employment  by  the
                  Company, during the term of his employment hereunder and for 6
                  months  thereafter,  whether  alone or with others and whether
                  during  regular  working  hours  and  through  the  use of the
                  facilities  and  property of the Company or any  affiliate  or
                  otherwise,  in any way relating to the Business of the Company
                  or any affiliate;

         (g)      "Person"  includes an  individual,  corporation,  partnership,
                  joint venture, trust, unincorporated  organization,  the Crown
                  or any agency or  instrumentality  thereof or any other entity
                  recognized by law;

         (h)      "Term"  means  the  initial  term of this  Agreement  and each
                  additional one year period during which this Agreement remains
                  in effect as specified in Section 3, below;

         (i)      "Territory"  means any place where the Company  carries on its
                  Business as at the date of this  Agreement and any  additional
                  location where the Company  hereafter carries on its Business;
                  and

         (j)      "Time Period"  means the period  commencing on the date hereof
                  and ending 2 years after the  termination of the employment of
                  the Executive with the Company for any reason whatsoever.

1.2      Headings and Division

The division of this Agreement into Articles,  Sections and  Subsections and the
insertion of headings are for  convenience of reference only and will not affect
the  construction  or  interpretation  of this  Agreement.  The headings in this
Agreement  are not  intended to be full or precise  descriptions  of the text to
which they refer and will not be considered part of this  Agreement.  References
to an Article,  Section or Subsection are to the corresponding Article,  Section
or Subsection of this Agreement.

1.3      Number and Gender

In this Agreement,  words in the singular  include the plural and vice-versa and
words in one gender include all genders.

1.4      Currency

All  references  in this  Agreement to dollars,  unless  otherwise  specifically
indicated, are expressed in Canadian currency.

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1.5      Interpretation

The terms and  provisions of this  Agreement  will not be construed  against the
Company merely because the Company has acted to prepare this Agreement.

2.       EMPLOYMENT

The Company  hereby  agrees to employ the  Executive as its  President and Chief
Executive and the Executive  hereby accepts such  employment,  on and subject to
the terms of this Agreement.  In faithfully and diligently performing his duties
and  responsibilities  as President  and Chief  Executive  of the  Company,  the
Executive  will comply with all lawful and reasonable  instructions  as may from
time to time be given to him by the Board. The Company reserves the right during
the course of the Executive's  employment to modify the  Executive's  duties and
responsibilities  as the Company deems  necessary and  appropriate  from time to
time.

3.       TERM

This Agreement and the  Executive's  employment  will be for a Term of two years
commencing on the Effective  Date and expiring on the second  anniversary of the
Effective Date, subject to earlier termination as provided in Article 11. At the
end of the initial Term of this Agreement,  it will be automatically renewed for
successive  one year periods  unless  either party gives  written  notice to the
other party of non-renewal at least 90 days in advance of the expiration date of
the then current Term.

4.       DUTIES

4.1      Devotion of Time

During the Term, the Executive will

         (a)      subject to Section 4.3, below, devote substantially all of his
                  full time and  energies  to the  Business  and  affairs of the
                  Company and its subsidiaries;

         (b)      well and faithfully serve the Company and its subsidiaries;

         (c)      use his best  efforts,  skills and  abilities  to promote  the
                  interests of the Company and its subsidiaries; and

         (d)      serve  as an  officer  and  director  of the  Company  and any
                  subsidiary  of the  Company if duly  elected or  appointed  as
                  such. 4.2 Duties

The Executive's duties will include but not be limited to the following:

         (a)      providing leadership, direction and control for all aspects of
                  the Company's  development and operations in order to maximize
                  profitability  compatible  with the best  long and  short-term
                  interests  of  shareholders,   customers,  employees  and  the
                  public;


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         (b)      developing  and  maintaining a sound plan of  organization  to
                  provide the Company with a qualified management team;

         (c)      directing  the  Company's  long range  strategic  planning and
                  determining the allocation of corporate  resources in a manner
                  which will provide  optimum long term return on investment for
                  the shareholders;

         (d)      establishing  corporate  annual operating and profit plans and
                  presenting  and  submitting   such  plans  to  the  Board  for
                  approval;

         (e)      monitoring  the  Company's  performance  in relation  with the
                  annual  business plans and budgets and  initiating  corrective
                  actions,  when  necessary,  in an  effort  to meet and  exceed
                  performance targets;

         (f)      establishing   and   maintaining  a   comprehensive   investor
                  relations program;

         (g)      establish and maintain government and industry contacts in the
                  areas  where the  Company  conducts  or  proposes  to  conduct
                  business; and

         (h)      establish  and maintain  contacts with  financial,  market and
                  technical analysts and strategic partners of the Company.

The  Executive  will also  perform  such other  tasks and duties  related to the
foregoing as may from time to time be  determined  by the Board.  The  Executive
will, in carrying out his obligations under this Agreement,  report to the Board
on a regular basis.

4.3      Hours of Work

The  Executive  acknowledges  that the hours of work  involved  will vary and be
irregular  and are those hours  required to meet the  objectives of the Company.
The Executive  acknowledges  that this Section  constitutes an agreement to work
such hours  where such  agreement  is required by  applicable  legislation.  The
Executive also  acknowledges that he is a senior executive of the Company and is
in the  position  of a  fiduciary  with  respect to the  Company  and all of its
property and assets,  whether tangible or intangible.  The Company  acknowledges
that the Executive will spend  approximately fifty percent of his working hours,
or up to 10 working  days per month,  working  for the  Company and that he will
spend the balance of his working hours  pursuing  other  business  interests and
employment. The Executive and the Company acknowledge that from time-to-time the
Executive  may be required to work more than 10 working  days per month in order
to  discharge  his  responsibilities  and  the  Executive  agrees  that  he will
accommodate the Company in this regard.

4.4      Place of Work

The Executive acknowledges that in order to devote substantially all of his full
time and energies to the Business and affairs of the Company, the Executive will
be required to reside  within the Greater  Vancouver  Regional  District  and to
fulfill  his  duties  to the  Company  primarily  from the  Company's  principal
business office in Vancouver, British Columbia.

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5.       CONFIDENTIAL INFORMATION

5.1      No Use of Other Information

The  Company  is  not  employing  the  Executive  to  obtain  the   confidential
information or business opportunities of any prior employer and the Executive is
hereby  requested  and  directed  by the  Company to  disclose to the Company in
writing,  and to  comply  with,  any  obligations  that he may have to any prior
employer.

5.2      Confidentiality Obligations

The Executive acknowledges that as the President of the Company, he has acquired
and will  acquire  information  about  certain  matters  and  things  which  are
confidential to the Company,  which information is the exclusive property of the
Company.   Further,  the  Executive   acknowledges  that  the  Business  depends
significantly upon the maintenance of trade secrets,  technical  innovations and
other confidential,  proprietary information that the Company has developed over
a long period of time and at great  expense and which the Company will  continue
to develop.  The Executive further acknowledges that the Company has developed a
close  and  valuable   relationship  with  many  of  its  contacts.  In  partial
consideration  for the  Executive's  employment  by the Company,  the  Executive
covenants  and  agrees  that he will  not,  at any time  during  the term of his
employment by the Company or thereafter,  until such information becomes part of
the public domain, reveal, divulge or make known to any persons or entity (other
than the Company and its duly  authorized  employees)  or use for his own or any
other's  benefit,   the  Company's  trade  secrets,   production  processes  and
materials,   formulae,  research  techniques  or  accomplishments,   copyrights,
trademarks,  patents,  knowledge of any of the business or financial  affairs of
the Company,  and personnel  files,  as well as customer  lists and  information
concerning the identity, needs, and desires of actual and potential customers of
the Company and its subsidiaries, joint ventures, partners, and other affiliated
persons and entities as well as any other information regarded by the Company as
confidential, which during or after his employment pursuant hereto is made known
to the Executive.  The Executive acknowledges that, without prejudice to any and
all other rights of the Company,  an injunction is the only effective  remedy to
protect the  Company's  rights and  property as set out in this  Section and the
Executive  hereby consents to entry of an injunction  against him if he breaches
the provisions of this Section,  restraining him from any further breach of this
Section.

If the  Company  engages or proposes to engage in a  commercial  transaction  (a
"Qualifying  Transaction")  whereby the  Company  directly  or  indirectly  goes
"public", the Company may consider it necessary or advisable to release to third
parties  "personal   information",   as  defined  in  the  Personal  Information
Protection  Act (British  Columbia),  about the  Executive  during the course of
negotiations or due diligence.  The Executive  hereby consents to the release of
such information by the Company under these circumstances.

The term  Qualifying  Transaction  shall  include any event  whereby the Company
becomes a reporting company in any jurisdiction,  including by way of a business
reorganization (e.g., merger,  amalgamation,  reverse take-over,  initial public
offering,  registration  under the  Securities  Exchange  Act of 1934 or similar
transaction or event) or the sale of all or  substantially  all of the assets of
the Company.


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6.       INVENTIONS AND DISCOVERIES

6.1      Disclosure and Assignment

The  Executive  agrees to fully and freely (and without  expense to the Company)
record in a legible manner, in writing or in electronic form, and to communicate
to the Company, and the Executive hereby assigns to the Company without the need
for any further consideration or compensation  therefor, all of his right, title
and interest in and to all Intangible Property.

6.2      Waiver of Moral Rights

The  Executive  irrevocably  waives in favour of the  Company  any and all moral
rights that he may have with respect
to the Intangible Property.

6.3      Ownership

All Intangible  Property will be the sole and exclusive  property of the Company
and,  upon  request by the  Company at any time or from time to time  during the
term or after the termination of the Executive's employment,  the Executive will
deliver to the Company all reports, designs, maps, drawings,  sketches,  models,
prototypes,  notes and  other  data and  records  specifically  relating  to the
Intangible Property that may be in his possession or otherwise available to him.

6.4      Further Documents

The Executive  agrees that he will at all times (both during the  continuance of
his  employment  hereunder  and at all times  thereafter)  take all  action  and
execute and file all such  documents  to assist the Company or its  assignees in
every way to protect  the  rights of the  Company  or its  assignees  under this
Article 6 (including  without limitation the execution of one or more waivers of
moral  rights) and to vest in the  Company or its  assignees  the entire  right,
title,  interest and benefits (including without limitation patent and copyright
rights) in and to any and all Intangible Property.

6.5      Non-Disclosure of Intangible Property

The  Executive  will  not  (either  during  the  continuance  of his  employment
hereunder or at any time thereafter)  disclose any of the Intangible Property to
any Person or use any of the Intangible Property for his own purposes or for any
purpose other than those of the Company and its affiliates.  Notwithstanding the
foregoing,  the Executive will have the right to disclose Intangible Property as
directed by the Company,  provided  that all such  disclosure  is solely for the
purpose of furthering the Company's interests.


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7.       CONFLICT OF INTEREST

During the Term, the Executive will give the Company his undivided  loyalty and,
subject to the provisions of Section 4.3, above,  will devote his entire working
time,  ability,  and  attention  to the  Business,  and he will not accept other
employment or engage in any other outside  business  activity  which  interferes
with the  performance of his duties and  responsibilities  under this Agreement,
except with the prior written consent of the Company.

8.       EXPENSES

The Company will pay or reimburse the Executive  for all  reasonable  travel and
other reasonable out-of-pocket expenses actually and properly incurred by him in
connection  with his duties in accordance  with the Company's  expense policy in
effect from time to time.

9.       COMPENSATION

9.1      Salary

The Company will pay to the Executive,  and the Executive hereby accepts as full
compensation for all his services and duties hereunder during the portion of the
term of this  Agreement  beginning on the Effective Date and ending on March 31,
2005,  a base  salary of Cdn $5,000 per month,  of which  $4,000 will be paid in
cash and the balance of Cdn$1,000 per month will be paid in common shares of the
Company at a fixed  price of  US$0.005  per share (the  "Executive  Compensation
Shares")  using a fixed  conversion  rate of Cdn$1.00 = US$0.831/3  (Cdn$1,000 =
US$8331/3)  for an aggregate  number of Executive  Compensation  Shares equal to
2,000,000.  Irregardless  of when the cash  portion of the  salary is paid,  the
Executive  Compensation  Shares issuable in any particular month shall be issued
on or as of the first day of such month.  From and after April 1, 2005, the cash
portion of the  Executive's  base salary  shall be  increased  to Cdn $5,000 per
month and no further Executive  Compensation  Shares will be issuable hereunder.
In addition to his base salary,  the Executive shall be paid the sum of Cdn $500
for each full day in  excess  of 10 days  worked  by the  Executive  during  any
calendar  month during the term,  as  contemplated  in Section 4.3,  above.  The
Executive's  base salary is payable in accordance  with the  Company's  standard
salary payment schedule and is subject to source deductions and other deductions
required to be deducted and remitted under applicable provincial or federal laws
of Canada or Company policy in effect from time to time.

Any  Executive  Compensation  Shares  issued to the  Executive  pursuant to this
Agreement will be subject to such restrictions on resale as are required by law.

10.      BENEFITS

The Executive will be entitled to participate in any plans  maintained from time
to time by the Company for the benefit of the  Company's  employees,  including,
but not limited to,  those  pertaining  to group life,  accident,  sickness  and
medical   insurance  and   pensions,   all  within  the  terms  of  such  plans.
Participation  by the Executive in any of the foregoing  plans,  programmes  and
benefits is subject to the Executive being able to satisfy any pre-conditions of

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general  application to the participation of all employees in such plans. All of
the employee benefit plans referred to or contemplated by this Agreement will be
governed  solely by the terms of the underlying plan documents and by applicable
law. Nothing in this Agreement will impair the Company's right to amend, modify,
replace and terminate any and all such plans in its sole discretion as permitted
by law. This Agreement is for the sole benefit of the Executive and the Company,
and is not intended to create an employee benefit plan or to modify the terms of
existing plans except as expressly set forth herein.

11.      TERMINATION

The  Executive's   employment  hereunder  may  be  terminated  in  each  of  the
circumstances in Sections 11.1 to 11.5 inclusive.

11.1     Death

This  Agreement  and  the  Executive's   employment   hereunder  will  terminate
immediately  upon the death of the Executive.  Any termination  pursuant to this
Section will be deemed to be termination for cause.

11.2     Disability

The Company may terminate the Executive's employment hereunder if the Executive,
by reason of physical or mental disability,  is unable to fulfil his obligations
and duties hereunder for a period of 4 months in any 12 month period (other than
by reason of authorized vacation or leave).

11.3     Cause

The Company may terminate the Executive's  employment hereunder  immediately for
cause. The term "cause" will include, without limitation:


         (a)      any failure by the Executive to observe and perform any of his
                  covenants and obligations under this Agreement,  including but
                  not  limited to, the  failure or refusal of the  Executive  to
                  comply   with  the  lawful  and   reasonable   directions   or
                  instructions of the Company on any material matter;

         (b)      fraud,  dishonesty,  negligence or wilful  malfeasance  by the
                  Executive in  connection  with the  performance  of his duties
                  hereunder;

         (c)      any commission of a crime by the Executive;

         (d)      any  intentional or willful  conduct of the Executive which in
                  the opinion of the Company, acting reasonably,  tends to bring
                  the Company into disrepute;

         (e)      any use or abuse of  alcohol or drugs by the  Executive  which
                  adversely  affects  the  Executive's  ability to  perform  his
                  duties hereunder;

         (f)      the  failure  of the  Executive  to  meet  certain  reasonable
                  performance  objectives that are defined by the Board and that
                  are  mutually  agreed to in advance by the  Executive  and the
                  Company  in  writing,  which  failure  is  not  cured  to  the
                  satisfaction  of the  Company  within  15 days  after  written
                  notice  specifying such failure in reasonable  detail has been
                  delivered to the Executive;


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         (g)      excessive   absenteeism  for  whatever  cause  other  than  as
                  contemplated  within Section 11.2 which, in the Company's sole
                  determination,  acting  reasonably,  results in the  Executive
                  being unable to perform his duties hereunder; or

         (h)      any act that would  constitute  cause  under the common law of
                  the Province of British Columbia.

11.4     Without Cause

The Company may terminate  this  Agreement  and the  employment of the Executive
hereunder at any time without cause and without notice  immediately upon payment
of the amounts  stipulated in Section 12.3, and after the effective date of such
termination,  the  Executive  will be entitled to no further  rights or benefits
hereunder or in connection  with his employment by the Company and the Executive
hereby  irrevocably  waives any claims  against the Company in that regard.  The
foregoing  amounts  represent the Company's  maximum  termination  and severance
obligations  to the  Executive.  This  provision  will  remain in full force and
effect unamended  notwithstanding any other alterations to the Executive's terms
and  conditions of  employment  or to this  Agreement,  whether  fundamental  or
otherwise, unless the Executive and the Company otherwise agree in writing.

11.5     Termination by the Executive

The Executive may terminate this  Agreement and his employment  with the Company
hereunder without cause upon giving not less than 3 months written notice to the
Company.  The  Executive  may  terminate  this  Agreement  for  cause  effective
immediately.  For purposes of this Section 11.5, the term "cause" shall mean the
failure of the Company to pay to the Executive his base salary as and when due.

12.      COMPENSATION ON TERMINATION

12.1     Compensation on Termination for Disability

During any period that the Executive fails to perform his duties  hereunder as a
result of a physical  or mental  disability,  the  Executive  will  continue  to
receive the salary payable to the Executive  pursuant to and in accordance  with
the terms of Article 9 until his  employment is  terminated  pursuant to Section
11.2, provided that payments so made to the Executive will be reduced by the sum
of the amounts,  if any,  payable to the Executive under any disability  benefit
plans of the Company or under any governmental  disability  insurance programmes
or other plans in which the Executive is a participant  or pursuant to which the
Executive is entitled to receive benefits.

12.2     Compensation on Termination for Cause

If the Executive's employment is terminated for cause, then the Company will pay
the Executive his salary owing up to and including the date of  termination  and
upon making such  payment the Company  will have no further  obligations  to the
Executive  under this  Agreement or in  connection  with his  employment  by the
Company.


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12.3 Compensation on Termination Without Cause

If the Executive's  employment is terminated by the Company  pursuant to Section
11.4 at any time  during the first three  months of the term of this  Agreement,
the Company will pay to the  Executive,  in full and final  satisfaction  of any
obligation that the Company might then have to the Executive, an amount equal to
all salary yet unpaid and due to the Executive as at the day of termination  and
the Executive will not be entitled to receive any notice or termination  pay. If
the Executive's employment is terminated by the Company pursuant to Section 11.4
at any time after the first  three  months of the  initial two year term of this
Agreement,  the Company will either give to the  Executive one week's notice or,
at its election,  it may pay to the Executive an amount,  to be inclusive of all
termination  and  severance   amounts  payable  under  this  Agreement  and  any
applicable  laws, equal to one week of base salary or such greater amount as the
Company  may be  required  to give the  Executive  at that time  pursuant to the
Employment  Standards Act (British Columbia).  As at the date of this Agreement,
the  Employment  Standards  Act provides for  severance  payments or notice or a
combination of both equal to one week after three months  employment,  two weeks
after twelve months employment and, after three years  employment,  one week for
each completed  year of employment to a maximum of eight weeks.  Nothing in this
Agreement  shall be construed  as requiring  the Company to pay money in lieu of
notice unless  required to do so pursuant to the  Employment  Standards Act. All
payments  made to the Executive  under this Section will be less all  applicable
statutory deductions and withholdings which the Company is required to make from
time  to  time.  The  amount  payable  under  this  Section  will be paid to the
Executive in equal monthly instalments on the first day of each month during the
Time Period.  Notwithstanding  the  foregoing,  in the event that the  Executive
breaches  his  obligations  pursuant  to  Article 13 of this  Agreement,  and in
addition  to any other  rights  of the  Company  in such  event,  the  Company's
obligation to pay any amounts due to the  Executive in excess of those  provided
for in the Employment Standards Act, under this Section will terminate.

13.      NON-COMPETITION AND NON-SOLICITATION

13.1     Non-Competition

Except with respect to any of the  following  for which the  Executive has first
obtained the Board's express written consent, the Executive will not, during the
Time  Period and within the  Territory,

         (a)      directly or indirectly  carry on, engage in or  participate in
                  any  Competitive  Business  either alone or in  partnership or
                  jointly or in conjunction with any other Person; or

         (b)      directly  or  indirectly  assist (as  principal,  beneficiary,
                  director,  shareholder,  partner, nominee, executor,  trustee,
                  agent, servant,  employee,  independent contractor,  supplier,
                  consultant,  lender,  guarantor,  financier  or in  any  other
                  capacity  whatever)  any  Person  to carry  on,  engage  in or
                  participate in a Competitive Business; or


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         (c)      have any direct or indirect interest or concern (as principal,
                  beneficiary,    director,   shareholder,   partner,   nominee,
                  executor,  trustee,  agent,  servant,  employee,   consultant,
                  independent  contractor,  supplier,  creditor  or in any other
                  capacity  whatever) in or with any Person,  if any part of the
                  activities of such Person consists of carrying on, engaging in
                  or participating in a Competitive Business.

13.2     Non-Solicitation

During the Time Period, the Executive will not:

         (a)      directly or indirectly solicit any business opportunity except
                  for the sole benefit of the Company or for a purpose that does
                  not compete with the Company; or

         (b)      directly   or   indirectly   assist   (be  it  as   principal,
                  beneficiary, servant, director, shareholder, partner, nominee,
                  executor,  trustee,  agent, employee,  independent contractor,
                  supplier,  consultant,  lender,  financier  or  in  any  other
                  capacity  whatever)  any  Person  directly  or  indirectly  to
                  solicit any business  opportunity  except for the sole benefit
                  of the Company or for a purpose that does not compete with the
                  Company; or

         (c)      have any direct or  indirect  interest  or  concern  (be it as
                  principal,   beneficiary,   director,  shareholder,   partner,
                  nominee,   executor,   trustee,   agent,  servant,   employee,
                  consultant,  independent contractor,  supplier, creditor or in
                  any other  capacity  whatever) in or with any Person if any of
                  the activities of such Person or entity consists of soliciting
                  any business  opportunity  belonging  to the Company,  if such
                  solicitation is directly or indirectly intended to result in a
                  sale or service to, or the purchase of a property  from,  such
                  Person  and  is  directly   or   indirectly   competitive   or
                  potentially competitive with the Company; or

         (d)      on  his  behalf  or on  behalf  of  any  Person,  directly  or
                  indirectly contact Persons with whom the Company is or intends
                  to be engaged in discussions  concerning business  opportunity
                  to  encourage  such  Person(s)  to  cease  or  restrict  doing
                  business  with the Company,  or in any way  interfere  with or
                  attempt to disrupt the Company's relationships, contractual or
                  otherwise.

13.3     Employees

During the Time Period, the Executive will not directly or indirectly solicit or
induce,  or attempt to solicit or induce,  or offer employment to, any employee,
independent  contractor,  or  consultant  of the Company to leave the  Company's
employ or terminate services to the Company,  except for the sole benefit of the
Company and with the prior written consent of the Board.


<PAGE>


13.4     Exception

Nothing  in  this  Article  13 will  prevent  the  Executive  from  directly  or
indirectly  owning up to an aggregate of 1% of the issued  capital  stock of any
public  company the price of whose shares is quoted in a published  newspaper of
general circulation.

13.5     Covenants Reasonable

The Executive agrees that:

         (a)      the  covenants  contained  in  this  Agreement  are  essential
                  elements to this Agreement and that the Company would not have
                  entered into this Agreement without them;

         (b)      considering  the market for the products of the  Company,  the
                  Territory  is  reasonable  in order to protect the  legitimate
                  business interests of the Company;

         (c)      since  the  breach  by him of any of the  provisions  of  this
                  Article 13 would  cause  serious and  irreparable  harm to the
                  Company  which  could not  adequately  be  compensated  for in
                  damages,  in the  event  of a  breach  by  him of any of  such
                  provisions,  the  Executive  consents to an  injunction  being
                  issued against him  restraining him from any further breach of
                  any such  provision,  but the  provisions of this Section will
                  not be construed so as to be a derogation  of any other remedy
                  which the Company may have in the event of such breach; and

         (d)      the Time Period will be extended by the time the  Executive is
                  in  breach  of  any   provision   of  this  Article  13.

13.6     Severability

If a court of competent  jurisdiction  determines that all or any portion of the
covenants  set  forth  in  this  Article  13 are  void or  unenforceable  in the
circumstances, then such void or unenforceable provision will, automatically and
without further act on the part of the parties hereto, but only as regards those
matters or parties before the court, be reduced in scope,  territory or duration
of time to such an extent that such court would hold the same to be  enforceable
in the circumstances before the court.

13.7     Covenants Independent

The  existence  of any  claim or cause of action of the  Executive  against  the
Company or any affiliate thereof whether pursuant to this Agreement or otherwise
will  not  constitute  a  defence  to  the  enforcement  by the  Company  of the
provisions of this Article 13.


<PAGE>


14.      GENERAL

14.1     Entire Agreement

This Agreement  constitutes the entire agreement between the parties  pertaining
to the  employment  of the  Executive  by the Company and  supersedes  all prior
agreements,  negotiations,  discussions  and  understandings,  written  or oral,
between the parties. There are no representations, warranties, conditions, other
agreements  or  acknowledgements,  whether  direct  or  collateral,  express  or
implied, that form part of or affect this Agreement,  or which induced any party
to enter into this Agreement or on which reliance is placed by any party, except
as specifically set forth in this Agreement.

14.2     Amendment

This Agreement may be amended or supplemented only by a written agreement signed
by each party.

14.3     Waiver of Rights

Any waiver of, or consent to depart from, the  requirements  of any provision of
this  Agreement  will be  effective  only if it is in writing  and signed by the
party giving it, and only in the specific  instance and for the specific purpose
for which it has been  given.  No failure on the part of any party to  exercise,
and no delay in exercising,  any right under this  Agreement  will  constitute a
waiver of such  right.  No single or  partial  exercise  of any such  right will
preclude  any other or further  exercise  of such right or the  exercise  of any
other right.

14.4     Applicable Law

This Agreement will be governed by and construed in accordance  with the laws in
force in the Province of British Columbia. Each party irrevocably submits to the
sole and exclusive  jurisdiction of the courts of British  Columbia with respect
to any matter arising hereunder or related hereto.

14.5     Time

Time  is and  will  remain  of the  essence  of  this  Agreement  and all of its
provisions.

14.6     Notices

Any notice, demand or other communication (in this Section, a "notice") required
or  permitted  to be  given or made  hereunder  must be in  writing  and will be
sufficiently  given or made if:

         (a)      delivered in person during normal business hours on a Business
                  Day and left with a receptionist or other responsible employee
                  of the Company or any family  member of the  Executive  at the
                  applicable address set forth below;

         (b)      sent by prepaid first class mail; or


<PAGE>


         (c)      sent by any electronic  means of sending  messages,  including
                  telex or facsimile transmission, which produces a paper record
                  ("Electronic  Transmission") during normal business hours on a
                  Business Day,  charges  prepaid and confirmed by prepaid first
                  class mail;

                  in the case of a notice to the Executive, addressed to him at:

                  746 Alderson Avenue
                  Coquitlam, British Columbia V3K 1V1

                  Facsimile:        (604) 931-1790

                  and in the case of a notice to the  Company,  addressed  to it
                  at:

                  889-609 Granville Street
                  Vancouver, BC  V7Y 1G5

                  Attention:        Chairman of the Board

Each notice sent in  accordance  with this  Section  will be deemed to have been
received:

         (d)      at the time on the day it was delivered;

         (e)      at the  beginning of business on the third  Business Day after
                  it was mailed  (excluding each Business Day during which there
                  existed any general  interruption  of postal  services  due to
                  strike, lockout or other cause); or

         (f)      one hour after they were sent on the same day that it was sent
                  by Electronic Transmission, or at the start of business on the
                  first  Business Day thereafter if the day on which it was sent
                  by Electronic Transmission was not a Business Day.

The  Executive or the Company may change the address for notice by giving notice
to each other as provided in this
Section.

14.7     Assignment

This Agreement may not be assigned by the Executive,  but may be assigned by the
Company to any  successor in interest to the  Business.  If the Company does not
survive any merger,  acquisition,  or other reorganization,  then it will make a
reasonable  effort to obtain an  assumption  of this  Agreement by the surviving
entity in such merger, acquisition, or other reorganization,  but the failure to
obtain such  assumption will not prevent or delay such merger,  acquisition,  or
other  reorganization  or  relieve  the  Company of its  obligations  under this
Agreement.  Subject thereto,  this Agreement will enure to the benefit of and be
binding upon the parties and their respective heirs, executors,  administrators,
legal personal representatives, successors (including any successor by reason of
amalgamation or statutory  arrangement of any party) and permitted assigns.

<PAGE>


14.8     Severability

Subject to Section 14.7, if any provision of this  Agreement is determined to be
invalid or unenforceable, that will not affect the validity or enforceability of
any other provision hereof.  The parties will in good faith negotiate a mutually
acceptable  and  enforceable   substitute  for  the  invalid  or   unenforceable
provision,  which substitute will be as consistent as possible with the original
intent of the parties.

14.9     Further Assurances

Each  party  will  do  such  acts  and  will  execute  such  further  documents,
conveyances,  deeds,  assignments,  transfers  and the like,  and will cause the
doing of such acts and will cause the execution of such further documents as are
within its power as any other  party may in writing at all time and from time to
time reasonably  requests be done and or executed,  in order to give full effect
to the provisions of this Agreement.

14.10    Independent Legal Advice

The Executive  acknowledges  that he has read and that he fully understands this
Agreement  and he  acknowledges  and agrees  that the  Company has given him the
opportunity  to seek,  and has  recommended  that he obtain,  independent  legal
advice  with  respect to the  subject  matter of this  Agreement.  Further,  the
Executive  hereby  represents  and  warrants to the  Company  that he has sought
independent legal advice or waives such advice.

14.11    Counterpart

This Agreement may be executed in counterpart,  each of which, when so executed,
will be  deemed  to be an  original  copy  hereof  and  thereof,  and  all  such
counterparts  together will constitute but one single agreement.  Each party may
deliver a counterpart signature page by facsimile transmission.

IN WITNESS  WHEREOF the parties have duly  executed  this  Agreement on the date
first written above.

MAGELLAN GOLD CORP.


Per: /s/ JAMES HARRIS
     -----------------------
         Name:  James Harris
         Title:  Secretary

<PAGE>


SIGNED, SEALED and DELIVERED by
Douglas S. Turnbull in the
presence of:                       )
                                   )
/s/  JAMES HARRIS                  )
--------------------------------   )
Signature                          )
                                   )
     James Harris                  )            /s/ Douglas Turnbull
--------------------------------   )            --------------------
Print Name                         )            DOUGLAS S. TURNBULL
                                   )
#1025 - 700 W. Georgia St.         )
--------------------------------   )
Vancouver, BC  V7Y 1A1             )
--------------------------------   )
Address                            )
                                   )
Barrister & Solicitor              )
--------------------------------   )
Occupation                         )

<PAGE>


                              ASSIGNMENT AGREEMENT


THIS AGREEMENT is made as of the 14th day of September, 2005.


B E T W E E N :

                  0724000 B.C. LTD. (formerly Centrasia Mining Corp.), a British
                  Columbia corporation with an address of 300 - 1055 W. Hastings
                  St., Vancouver, BC V6E 2E9

                  ("0724000")

                                                               OF THE FIRST PART

                                     - and -

                  CENTRASIA MINING CORP.  (formerly Baradero Resources Limited),
                  a British Columbia corporation with an address of Suite 1305 -
                  1090 West Georgia Street, Vancouver, BC V6E 3V7

                  ("Centrasia")

                                                              OF THE SECOND PART


RECITALS:

1.       0724000 and Douglas S.  Turnbull  (the  "Executive")  are parties to an
         Employment  Agreement  dated  as of the  1st  day of  April  2004  (the
         "Employment Agreement");

2.       0724000  has become a  wholly-owned  subsidiary  of  Centrasia  and the
         Executive has become the President and CEO of Centrasia; and

3.       It is in order to  assign  all of  0724000's  rights,  obligations  and
         interest in the Employment Agreement to Centrasia;

NOW THEREFORE  THIS AGREEMENT  WITNESSETH  that in  consideration  of the mutual
premises,  agreements  and covenants  herein  contained,  the sum of Two Dollars
($2.00)  now paid by each  party  hereto to the  other  and for  other  good and
valuable  consideration  (the  receipt  and  sufficiency  whereof  being  hereby
acknowledged),  0724000  hereby  grants,  assigns,  transfers  and sets  over to
Centrasia  all  of its  rights,  obligations  and  interest  in  the  Employment
Agreement,  and  Centrasia  hereby  assumes  all  of  the  rights,   privileges,
obligations and liabilities of 0724000 in and to the Employment Agreement.


<PAGE>


                                      -2-



IN WITNESS  WHEREOF this  Agreement  has been  executed by the parties as of the
date and year first above written.



0724000 B.C. LTD.                                  CENTRASIA MINING CORP.

Per:  /s/ James Harris                             Per:  /s/ Nick DeMare
    -------------------------                          -------------------------
    Authorized Signatory                               Authorized Signatory


THE  ASSIGNMENT  REFERENCED IN THE ABOVE  AGREEMENT IS HEREBY  ACKNOWLEDGED  AND
CONSENTED TO AS OF THE 14TH DAY OF SEPTEMBER 2005.



/s/ Douglas Turnbull
----------------------------
DOUGLAS S. TURNBULL


<PAGE>