Exhibit 10.30


  





ASSIGNMENT AGREEMENT


 


		AMONG:	



 


Focus
Gold Corporation


(the “Focus Gold”)


 


-and-


 


DISTRESSED DEBT INVESTMENT
CORP.


(the “Assignee”)


 


- and -


 


European
Resource Capital Inc.


(“ERC”)


 




WHEREAS ERC is indebted to Focus Gold in the amount of TWO MILLION FIVE HUNDRED THOUSAND DOLLARS
($2,500,000) (the “Debt”) as evidenced by a promissory note dated October 2, 2012
(the “Note”).


 


WHEREAS the Debt relates
to the purchase by ERC from Focus Gold of 24,420,100 common shares in the capital of Focus Celtic Gold Corporation (“Celtic”).


 


WHEREAS Focus Gold
has agreed to assign the Debt to the Assignee.


 


NOW THEREFORE, the
parties hereto agree as follows:


 


		1.	Focus Gold hereby assigns to the Assignee all sums owed or payable or which become owing or payable
after the date of this agreement by ERC to Focus Gold pursuant to the Debt (the “Assigned Amount”).



 


		2.	As consideration for assigning the Assigned Amount, the Assignee agrees to:



 


		(a)	pay to Focus Gold the total sum of TWO HUNDRED THOUSAND DOLLARS ($200,000); and



 


		(b)	assign to Focus Gold a one percent (1%) net smelter return royalty (“NSR”) in respect
of minerals extracted from the properties comprising the prospecting licenses in Ireland, Northern Ireland and Scotland currently
registered in the name of Celtic or its subsidiaries, including but not limited to Metallum Resources plc and Metallum Exploration
Ltd. (the “Mineral Properties”). Assignee agrees to use its best efforts to cause ERC, Celtic and its subsidiaries
to be bound by the NSR.



 


		3.	The NSR shall not be payable until $20,000,000 in net revenues has been earned from the aggregate
production of minerals extracted from the Mineral Properties and, for clarity, the royalty shall not be payable on any amount of
such initial $20,000,000 of net revenues earned from the production of minerals extracted from the Mineral Properties.



 






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		4.	Focus Gold acknowledges and agrees that the Assignee shall be entitled to receive any payments
or other proceeds of the Assigned Amount in respect of the Debt.



 


		5.	ERC acknowledges and agrees that any payments due or owing in respect of the Debt shall be payable
to the Assignee. ERC covenants to use its best efforts to cause Celtic and its subsidiaries to be bound by the NSR.



 


		6.	Focus Gold represents and warrants as follows, and acknowledges that the Assignee is relying on
such representations and warranties:



 


		(a)	that it has all necessary power and has taken all steps necessary to enter into this agreement
and upon its execution, it shall constitute legal, valid and binding obligations of Focus Gold, enforceable in accordance with
its terms; and



 


		(b)	there is no existing right of set-off, assignment or counterclaim, right to set up reserves, rights
to make deductions or any other similar claim or defence to payment of any kind with respect to any part of the Assigned Amounts.



 


		7.	Focus Gold covenants to release all security interests in respect of the Debt and shall deliver
to the Assignee the original promissory note evidencing the Debt and share certificates representing 24,420,100 common shares of
Celtic, which shares shall be delivered unencumbered in all respects.



 


		8.	The parties agree after the execution of this agreement that each party shall, at the request of
the other party, execute and deliver such additional conveyances, transfers, releases and other assurances as may be reasonably
required to effectively assign the Assigned Amount and the NSR and to carry out the intent of this agreement.



 


		9.	Time shall be of the essence of this agreement. This agreement may only be amended, supplemented
or otherwise modified by written agreement signed by the parties. This agreement shall become effective when executed by the parties
hereto and thereafter shall be binding upon and enure to the benefit of the parties and their respective successors and permitted
assigns. Neither this agreement nor any of the rights or obligations under this agreement shall be assignable or transferable by
any party without the prior written consent of the other party. This agreement shall be governed by and interpreted and enforced
in accordance with the laws in force in the Province of Ontario and the federal laws of Canada applicable therein.



 


		10.	This agreement may be executed in any number of counterparts (including counterparts by facsimile
and by email (pdf)) and all such counterparts taken together shall be deemed to constitute one and the same instrument.



 


[signature page follows]


 






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IN WITNESS HEREOF THE PARTIES HAVE EXECUTED
THIS AGREEMENT ON MARCH 21, 2013.


 


 


Focus
Gold Corporation


 


 


/s/ Richard O. Weed, Secretary


Authorized signatory


 


 


DISTRESSED
DEBT INVESTMENT CORP.


 


 


/s/ Guy Vets


Authorized signatory


 


 


European
Resource Capital Inc.


 


 


/s/ Manu Sehkri


Authorized signatory


 


 


 


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