Yellowcake Agreement

YELLOWCAKE MINING INC.

January 29, 2007

Strathmore Minerals Corp. 

810 – 1708 Dolphin Avenue 

Kelowna, BC V1Y 9S4

Attention: 

Dev Randhawa, 

Chairman and CEO

Dear Sirs:

RE: Binding Letter of Intent – Juniper Ridge Project Wyoming

This Letter of Intent (the “LOI”) sets out the basic terms upon which Yellowcake Minerals Inc. (“Yellowcake”) would be prepared to enter into a joint venture with Strathmore Minerals Corp. (“Strathmore”) to explore, develop and mine property located in Carbon County, Wyoming and more particularly described in Schedule “A” hereto (the “Property”). While this LOI recites the principal elements of the agreement reached between us, the terms are not comprehensive and additional terms will be incorporated into a formal agreement to be negotiated.

1.

OPTION

1.1

Strathmore will grant Yellowcake sole and exclusive rights to earn-in an 80% interest in the Property in consideration of the following:

(a)

Yellowcake will pay Strathmore a total of $500,000 in accordance with the following schedule

(i)

$100,000 on Closing (as hereinafter defined),

(ii)

$100,000 on each of the first, second, third and fourth anniversary dates of Closing;

(b) 

Yellowcake will issue to Strathmore 9,000,000 common shares in the capital stock of Yellowcake on Closing (which represents 25% of the pre-funding share structure of Yellowcake), and will require William Tafuri to cancel 56,000,000 restricted affiliate shares in the capital stock of Yellowcake; and

(c)

Yellowcake will incur a total of $8,000,000 in expenditures on the Property (“Expenditures”) in accordance with the following schedule:

(i)

$1.6 million on or before the first anniversary of Closing,

(ii)

an additional $1.6 million on or before the second anniversary of Closing,

- 2 -

(iii)

an additional $1.6 million on or before the third anniversary of Closing,

(iv)

an additional $1.6 million on or before the fourth anniversary of Closing, and

(iv)

an additional $1.6 million on or before the fifth anniversary of Closing.

1.2 

Provided that Yellowcake is not in default of any terms of this LOI, Yellowcake will have earned a 40% undivided interest in the Property once Yellowcake has spent $4,000,000 of Expenditures referred to in paragraph 1.1(c).

1.3

The option will terminate and Yellowcake will have no further interest in the Property

under the following conditions:

(a) 

at 5:00 p.m. (Pacific Time) on the fifth day after the Closing if Strathmore has not received the amount of $100,000 by wire transfer, certified cheque or bank draft, and a share certificate representing 9,000,000 common shares of Yellowcake;

(b)

at 5:00 p.m. (Pacific Time) on the fifth day after the first, second, third, fourth or

fifth anniversary dates of Closing if

(i)

Strathmore has not received the additional payments due pursuant to paragraph 1.1(a), or

(ii)

Yellowcake has not incurred the Expenditures in accordance with 1.1(c), and the failure to incur the Expenditures was not due to events or circumstances beyond Yellowcake’s control; or

(c)

if terminated by Yellowcake in accordance with this LOI.

2.

ROYALTY

2.1 

In further consideration for Strathmore’s agreement to grant Yellowcake an option to acquire an 80% undivided interest in the Property, Yellowcake agrees to pay Strathmore the Royalty on Yellowcake’s share of any uranium extracted from the Property.

3.

EXPENDITURES

3.1

Expenditures will be made in accordance with exploration and development programs

which have been approved by Yellowcake from time to time.

3.2 

The Operator will submit exploration or development programs for the coming quarter to Yellowcake for approval. The program will also be accompanied by a budget outlining the amount of expenditures for such program. Within 30 days of receiving the program and budget, Yellowcake will inform Strathmore whether Yellowcake is prepared to approve the program and budget.

- 3 -

3.3 

Once programs and budgets for Expenditures are approved, Yellowcake will have 30 days to deposit the amount of the program budget into a bank account maintained by Strathmore solely for receipt and payment of the Expenditures.

4.

EXERCISE OF OPTION AND CREATION OF JOINT VENTURE

4.1 

Once Yellowcake has earned in the right to acquire the initial 40% interest in the Property, Strathmore will forthwith take all steps to transfer an undivided 40% interest in the Property to Yellowcake.

4.2 

Once Yellowcake has earned in the right to acquire the second 40% interest in the Property, Strathmore will forthwith take all steps to transfer a further undivided 40% interest in the Property to Yellowcake.

4.3 

As soon as Yellowcake has earned in the right to the initial 40% interest in the Property, a joint venture between the parties will be deemed to have been entered into and Yellowcake will be entitled to its share of uranium or any other mineral extracted from the Property in accordance with Yellowcake’s earned interest at the time.

4.4 

Yellowcake has the right to approve any mining or other activities which will result in the extraction of uranium or other minerals from the Property. Such decisions will be made jointly by the parties and in the event there is a disagreement, the parties may vote on such matters in accordance with their respective interests in the Property.

5.

OPERATOR

5.1

Until Yellowcake has earned in its 80% interest in the Property, Strathmore will be the Operator. Thereafter, Yellowcake will be the Operator.

5.2

While Strathmore is Operator, it will do all things necessary to:

(a)

develop programs and budgets for the Expenditures for the approval of Yellowcake,

(b)

obtain all work permits, environmental approvals, insurances required to carry out exploration and development programs,

(c)

maintain the Property’s mineral leases and rights in good standing,

(d)

manage and execute all approved programs, including paying third party consultants and contractors,

(e)

receive and spend funds from Yellowcake for the Expenditures, or from any other Joint Venture party, on behalf of the Property,

(f)

report all progress, findings, reports, technical data and any other matter related to the Property, to Yellowcake, and

- 4 -

(g) 

act in accordance with good mining practises, in compliance with all applicable laws and in accordance with the care and skill normally expected by someone conducting and managing exploration, development and mining activities on behalf of legal or beneficial owners of the Property.

5.3 

Yellowcake agrees that Strathmore may charge Yellowcake an operator’s fee calculated by multiplying the Expenditures made in accordance with approved programs and budgets, by 10%. The operator’s fee charged to and paid by Yellowcake will be considered to be Expenditures required to be made by Yellowcake to earn in its interest in the Property in accordance with this LOI.

6.

CONDITIONS PRECEDENT

6.1

This LOI is subject to and conditional upon:

(a)

Yellowcake raising a minimum of $4 million dollars through the issue of 4 million units;

(b)

Yellowcake is satisfied that the Property is

(i)

in good standing,

(ii)

100% owned, free and clear by Strathmore, and

(iii)

capable of being transferred by Strathmore to Yellowcake in accordance with this LOI; and

(c)

the execution of a detailed joint venture agreement by the parties.

6.2 

Yellowcake will use its best efforts to satisfy the Conditions Precedent within 90 days from the date this LOI is signed (the “End Date”). In the event the Conditions Precedent are not satisfied by the End Date, and the Parties have not agreed to an extension of the End Date, then this LOI will terminate immediately without further notice.

7. 

ACCESS TO CONOCO FILES

7.1

In consideration of Yellowcake:

(a)

paying Strathmore $25,000 on Closing,

(b)

spending $440,000 for a minimum of 1 year to finance the cost to have Strathmore’s Texas Database (“Conoco files”) evaluated by qualified mining and geological consultants, and

(c)

incurring the first $500,000 in costs to acquire mining leases to any properties identified in the evaluation referred to in 7.1 (b),

then Yellowcake and Strathmore will hold any mining leases acquired under 7.1 (c) in accordance with equal (50-50) undivided interests, and thereafter become joint venture

- 5 -

partners for the exploration, development and mining of such mining leases. Once Yellowcake has incurred the first $500,000 in accordance with 7.1 (c), Yellowcake and Strathmore agree to share 50-50 all further costs to acquire mining leases to properties identified in the evaluation referred to in 7.1 (b).

7.2

The parties agree that Strathmore will manage the hiring of the consultants or staff required to evaluate the Conoco files provided that:

(a)

Yellowcake may approve expenditures made by Strathmore for such purpose,

(b)

Strathmore may not charge an overhead or other administrative fee, and

(c)

Strathmore provides Yellowcake access to all of the results of the evaluation, in accordance with disclosure and confidentiality terms which are customary in joint venture agreements.

7.3

Both Strathmore and Yellowcake covenant not to disclose the information gathered/evaluated to any third party.

7.4 

In the event the evaluation identifies a potential target property, Yellowcake has the right not to proceed with obtaining a mineral lease in the event Yellowcake determines that the cost to acquire such mineral lease would make the target property uneconomic given the shared (50-50) interest in the mineral lease.

7.5 

In the event one party decides not to proceed to obtain a mineral lease for any reason, the parties agree that the other party (“Acquiring Party”) may not acquire such mineral lease with a third party partner, without the Acquiring Party first offering the other party the right to acquire the mineral lease on the same terms and conditions offered to the third party partner.

8.

PUBLIC ANNOUNCEMENTS

8.1 

The parties agree that neither party will make any press or public releases of information regarding the Property, this LOI or the subject matter of this LOI, without first obtaining the approval of the other party.

9.

FORMAL AGREEMENT

9.1

The parties agree that they will negotiate in good faith and use best efforts to execute a detailed joint venture agreement on terms normally included in joint venture agreements.

9.2

This LOI is intended to be legally binding on the parties until it is replaced by the detailed joint venture agreement or is terminated in accordance with this LOI.

10.

GOVERNING LAW

10.1 

This LOI will be governed by and construed in accordance with the laws of British Columbia.

- 6 -

11.

ASSIGNMENT

11.1 

The parties acknowledge that in entering into this LOI, Yellowcake is relying on Strathmore’s knowledge of the Property and experience in exploration, development and mining of uranium. Accordingly, Strathmore agrees that it may not assign or sell to any third party, all or part of Strathmore’s interest or obligations under this LOI without the consent of Yellowcake, which consent will not be unreasonably withheld.

12.

DEFINITIONS

12.1 

“Closing” means the date Yellowcake informs Strathmore that the Conditions Precedent have either been satisfied or waived, but in any event will not be later than the End Date.

12.2 

“Expenditures” means a total of $8,000,000 in expenditures made by Yellowcake for exploration and development of the Property, in accordance with this LOI. Expenditures will include any fees charged by Strathmore while it is the Operator.

12.3 

“$” or “Dollars” refers to US Funds.

12.4 

“Joint Venture Parties” means Yellowcake and Strathmore once Yellowcake has earned in its initial 40% undivided interest in the Property.

12.5 

“Royalty” means a 3% Yellowcake royalty on terms which are in accordance with

generally accepted royalty terms applicable to uranium projects in the United States.

If Strathmore agrees to the above terms and conditions please sign where indicated below and return a copy of this LOI to Yellowcake’s office.

Yours sincerely,

YELLOWCAKE MINERALS INC.

Per:

Name: 

Title:

STRATHMORE MINERALS CORP.

Per:

Name: 

Title:

SCHEDULE “A”

THE PROPERTY 

STRATHMORE RESOURCES (US) LTD

JUNIPER RIDGE PROJECT 

CARBON COUNTY, WYOMING 

UNPATENTED MINING CLAIMS

	BLM Serial#

	Claim

Name

	Location

Last

Book

	Notice/

Amendment

Page

	Subd.

	Section

	Township

	Range

	PM

	Property

Name

	Last

Assessment


	WMC259971

	RC-1

	1056

	80

	SW SE

	1

	12N

	93W

	6th

	Red Creek

	2007


	WMC259972

	RC-2

	1056

	81

	SE

	1

	12N

	93W

	6th

	Red Creek

	2007


	WMC259973

	RC-3

	1056

	82

	NE NW SW SE

	1

	12N

	93W

	6th

	Red Creek

	2007


	WMC259974

	RC-4

	1056

	83

	NE SE

	1

	12N

	93W

	6th

	Red Creek

	2007


	WMC259975

	RC-5

	1056

	84

	NE NW

	1

	12N

	93W

	6th

	Red Creek

	2007


	WMC259976

	RC-6

	1056

	85

	NE

	1

	12N

	93W

	6th

	Red Creek

	2007


	WMC259977

	RC-7

	1056

	86

	NE NW

	1

	12N

	93W

	6th

	Red Creek

	2007


	WMC259978

	RC-8

	1056

	87

	NE

	1

	12N

	93W

	6th

	Red Creek

	2007


	WMC259979

	RC-9

	1056

	88

	NE NW

	1

	12N

	93W

	6th

	Red Creek

	2007


	W M C259980

	RC-10

	1056

	89

	NE

	1

	12N

	93W

	6th

	Red Creek

	2007


	W M C259981

	RC-11

	1056

	90

	NE NW

	1

	12N

	93W

	6th

	Red Creek

	2007


	W M C259982

	RC-12

	1056

	91

	NE

	1

	12N

	93W

	6th

	Red Creek

	2007


	W M C259983

	RC-13

	1056

	92

	SW

	6

	12N

	92W

	6th

	Red Creek

	2007


	W M C259984

	RC-14

	1056

	93

	SW SE

	6

	12N

	92W

	6th

	Red Creek

	2007


	W M C259985

	RC-15

	1056

	94

	SW

	6

	12N

	92W

	6th

	Red Creek

	2007


	W M C259986

	RC-16

	1056

	95

	SW SE

	6

	12N

	92W

	6th

	Red Creek

	2007


	W M C259987

	RC-17

	1056

	96

	SW

	6

	12N

	92W

	6th

	Red Creek

	2007


	W M C259988

	RC-18

	1056

	97

	SW SE

	6

	12N

	92W

	6th

	Red Creek

	2007


	W M C259989

	RC-19

	1056

	98

	SW

	31

	13N

	92W

	6th

	Red Creek

	2007


	W M C259990

	RC-20

	1056

	99

	SW SE

	31

	13N

	92W

	6th

	Red Creek

	2007




- 2 -

	BLM Serial#

	Claim

Name

	Location

Last

Book

	Notice/

Amendment

Page

	Subd.

	Section

	Township

	Range

	PM

	Property

Name

	Last

Assessment


	W M C259991

	RC-21

	1056

	100

	SW

	31

	13N

	92W

	6th

	Red Creek

	2007


	W M C259992

	RC-22

	1056

	101

	SW SE

	31

	13N

	92W

	6th

	Red Creek

	2007


	W M C259993

	RC-23

	1056

	102

	SW

	31

	13N

	92W

	6th

	Red Creek

	2007


	W M C259994

	RC-24

	1056

	103

	SW SE

	31

	13N

	92W

	6th

	Red Creek

	2007


	W M C259995

	RC-25

	1056

	104

	SW

	31

	13N

	92W

	6th

	Red Creek

	2007


	W M C259996

	RC-26

	1056

	105

	SW SE

	31

	13N

	92W

	6th

	Red Creek

	2007


	W M C259997

	RC-27

	1056

	106

	NW SW

	31

	13N

	92W

	6th

	Red Creek

	2007


	W M C259998

	RC-28

	1056

	107

	NE NW SW SE

	31

	13N

	92W

	6th

	Red Creek

	2007


	W M C259999

	RC-29

	1056

	108

	NW

	31

	13N

	92W

	6th

	Red Creek

	2007


	W M C260000

	RC-30

	1056

	109

	NE NW

	31

	13N

	92W

	6th

	Red Creek

	2007


	W M C260001

	RC-31

	1056

	110

	NW

	31

	13N

	92W

	6th

	Red Creek

	2007


	W M C260002

	RC-32

	1056

	111

	NE NW

	31

	13N

	92W

	6th

	Red Creek

	2007


	W M C260003

	RC-33

	1056

	112

	SE

	6

	12N

	92W

	6th

	Red Creek

	2007


	 	 	1113

	91

	 	 	 	 	 	 	 
	WMC260004

	RC-34

	1056

	113

	SW

	5

	12N

	92W

	6th

	Red Creek

	2007


	 	 	1113

	92

	SE

	6

	12N

	92W

	6th

	 	 
	WMC260005

	RC-35

	1056

	114

	SE

	6

	12N

	92W

	6th

	Red Creek

	2007


	 	 	1113

	93

	 	 	 	 	 	 	 
	WMC260006

	RC-36

	1056

	115

	SW

	5

	12N

	92W

	6th

	Red Creek

	2007


	 	 	1113

	94

	SE

	6

	12N

	92W

	6th

	 	 
	WMC260007

	RC-37

	1056

	116

	SE

	6

	12N

	92W

	6th

	Red Creek

	2007


	 	 	1113

	95

	 	 	 	 	 	 	 
	WMC260008

	RC-38

	1056

	117

	SW

	5

	12N

	92W

	6th

	Red Creek

	2007


	 	 	1113

	96

	SE

	6

	12N

	92W

	6th

	 	 
	WMC260009

	RC-39

	1056

	118

	SE

	31

	13N

	92W

	6th

	Red Creek

	2007


	WMC260010

	RC-40

	1056

	119

	SE

	31

	13N

	92W

	6th

	Red Creek

	2007


	 	 	 	 	SW

	32

	13N

	92W

	6th

	 	 
	WMC260157

	RC-41

	1057

	97

	SE

	31

	13N

	92W

	6th

	Red Creek

	2007


	WMC260158

	RC-42

	1057

	98

	SE

	31

	13N

	92W

	6th

	Red Creek

	2007


	 	 	 	 	SW

	32

	13N

	92W

	6th

	 	 


- 3 -

	BLM Serial#

	Claim

Name

	Location

Last

Book

	Notice/

Amendment

Page

	Subd.

	Section

	Township

	Range

	PM

	Property

Name

	Last

Assessment


	WMC260159

	RC-43

	1057

	99

	SE

	31

	13N

	92W

	6th

	Red Creek

	2007


	WMC260160

	RC-44

	1057

	100

	SE

	31

	13N

	92W

	6th

	Red Creek

	2007


	 	 	 	 	SW

	32

	13N

	92W

	6th

	 	 
	WMC260161

	RC-45

	1057

	101

	SE

	31

	13N

	92W

	6th

	Red Creek

	2007


	WMC260162

	RC-46

	1057

	102

	SE

	31

	13N

	92W

	6th

	Red Creek

	2007


	 	 	 	 	SW

	32

	13N

	92W

	6th

	 	 
	WMC260163

	RC-47

	1057

	103

	NE SE

	31

	13N

	92W

	6th

	Red Creek

	2007


	WMC260164

	RC-48

	1057

	104

	NE SE

	31

	13N

	92W

	6th

	Red Creek

	2007


	 	 	 	 	NW SW

	32

	13N

	92W

	6th

	 	 
	WMC260165

	RC-49

	1057

	105

	NE

	31

	13N

	92W

	6th

	Red Creek

	2007


	WMC260166

	RC-50

	1057

	106

	NE

	31

	13N

	92W

	6th

	Red Creek

	2007


	 	 	 	 	NW

	32

	13N

	92W

	6th

	 	 
	WMC260167

	RC-51

	1057

	107

	NE

	31

	13N

	92W

	6th

	Red Creek

	2007


	WMC260168

	RC-52

	1057

	108

	NE

	31

	13N

	92W

	6th

	Red Creek

	2007


	WMC260169

	RC-53

	1057

	109

	SW

	5

	12N

	92W

	6th

	Red Creek

	2007


	WMC260170

	RC-54

	1057

	110

	SE SW

	5

	12N

	92W

	6th

	Red Creek

	2007


	WMC260171

	RC-55

	1057

	111

	SW

	5

	12N

	92W

	6th

	Red Creek

	2007


	WMC260172

	RC-56

	1057

	112

	SW SE

	5

	12N

	92W

	6th

	Red Creek

	2007


	WMC260173

	RC-57

	1057

	113

	SW

	5

	12N

	92W

	6th

	Red Creek

	2007


	WMC260174

	RC-58

	1057

	114

	SW SE

	5

	12N

	92W

	6th

	Red Creek

	2007


	WMC260175

	RC-59

	1057

	115

	SW

	32

	13N

	92W

	6th

	Red Creek

	2007


	WMC260176

	RC-60

	1057

	116

	SW

	32

	13N

	92W

	6th

	Red Creek

	2007


	WMC260177

	RC-61

	1057

	117

	SW

	32

	13N

	92W

	6th

	Red Creek

	2007


	WMC260178

	RC-62

	1057

	118

	SW

	32

	13N

	92W

	6th

	Red Creek

	2007


	WMC260179

	RC-63

	1057

	119

	NW SW

	32

	13N

	92W

	6th

	Red Creek

	2007


	WMC260180

	RC-64

	1057

	120

	NW

	32

	13N

	92W

	6th

	Red Creek

	2007


	WMC260181

	RC-65

	1057

	121

	NW

	32

	13N

	92W

	6th

	Red Creek

	2007


	WMC260182

	RC-66

	1057

	122

	SW

	4

	12N

	92W

	6th

	Red Creek

	2007


	 	 	 	 	SE

	5

	12N

	92W

	6th

	 	 
	WMC260183

	RC-67

	1057

	123

	SW

	4

	12N

	92W

	6th

	Red Creek

	2007




- 4 -

	BLM Serial#

	Claim

Name

	Location

Last

Book

	Notice/

Amendment

Page

	Subd.

	Section

	Township

	Range

	PM

	Property

Name

	Last

Assessment


	WMC260184

	RC-68

	1057

	124

	SW

	4

	12N

	92W

	6th

	Red Creek

	2007


	 	 	 	 	SE

	5

	12N

	92W

	6th

	 	 
	WMC260185

	RC-69

	1057

	125

	SW

	4

	12N

	92W

	6th

	Red Creek

	2007


	 	 	 	 	SE

	5

	12N

	92W

	6th

	 	 
	WMC260186

	RC-70

	1057

	126

	SW

	4

	12N

	92W

	6th

	Red Creek

	2007


	 	 	 	 	SE

	5

	12N

	92W

	6th

	 	 
	WMC260187

	RC-71

	1057

	127

	SW

	4

	12N

	92W

	6th

	Red Creek

	2007


	WMC260188

	RC-72

	1057

	128

	SE SW

	4

	12N

	92W

	6th

	Red Creek

	2007


	WMC260189

	RC-73

	1057

	129

	SW SE

	4

	12N

	92W

	6th

	Red Creek

	2007


	WMC260190

	RC-74

	1057

	130

	SW SE

	4

	12N

	92W

	6th

	Red Creek

	2007


	WMC260533

	RC-75

	1060

	2

	NW SW

	6

	12N

	92W

	6th

	Red Creek

	2007


	WMC260534

	RC-76

	1060

	3

	NE NW SW SE

	6

	12N

	92W

	6th

	Red Creek

	2007


	WMC260535

	RC-77

	1060

	4

	NW

	6

	12N

	92W

	6th

	Red Creek

	2007


	WMC260536

	RC-78

	1060

	5

	NE NW

	6

	12N

	92W

	6th

	Red Creek

	2007


	WMC260537

	RC-79

	1060

	6

	NW

	6

	12N

	92W

	6th

	Red Creek

	2007


	WMC260538

	RC-80

	1060

	7

	NE NW

	6

	12N

	92W

	6th

	Red Creek

	2007


	WMC260539

	RC-81

	1060

	8

	NW

	6

	12N

	92W

	6th

	Red Creek

	2007


	WMC260540

	RC-82

	1060

	9

	NE NW

	6

	12N

	92W

	6th

	Red Creek

	2007


	WMC260541

	RC-83

	1060

	10

	NW

	6

	12N

	92W

	6th

	Red Creek

	2007


	 	 	 	 	SW

	31

	13N

	92W

	6th

	 	 
	WMC260542

	RC-84

	1060

	11

	NW NE

	6

	12N

	92W

	6th

	Red Creek

	2007


	 	 	 	 	SW SE

	31

	13N

	92W

	6th

	 	 
	WMC260543

	RC-85

	1060

	12

	NE SE

	6

	12N

	92W

	6th

	Red Creek

	2007


	WMC260544

	RC-86

	1060

	13

	NW SW

	5

	12N

	92W

	6th

	Red Creek

	2007


	 	 	 	 	NE SE

	6

	12N

	92W

	6th

	 	 
	WMC260545

	RC-87

	1060

	14

	NE

	6

	12N

	92W

	6th

	Red Creek

	2007


	WMC260546

	RC-88

	1060

	15

	NW

	5

	12N

	92W

	6th

	Red Creek

	2007


	 	 	 	 	NE

	6

	12N

	92W

	6th

	 	 
	WMC260547

	RC-89

	1060

	16

	NE

	6

	12N

	92W

	6th

	Red Creek

	2007




- 5 -

	BLM Serial#

	Claim

Name

	Location

Last

Book

	Notice/

Amendment

Page

	Subd.

	Section

	Township

	Range

	PM

	Property

Name

	Last

Assessment


	WMC260548

	RC-90

	1060

	17

	NW

	5

	12N

	92W

	6th

	Red Creek

	2007


	 	 	 	 	NE

	6

	12N

	92W

	6th

	 	 
	WMC260549

	RC-91

	1060

	18

	NE

	6

	12N

	92W

	6th

	Red Creek

	2007


	WMC260550

	RC-92

	1060

	19

	NW

	5

	12N

	92W

	6th

	Red Creek

	2007


	 	 	 	 	NE

	6

	12N

	92W

	6th

	 	 
	WMC260551

	RC-93

	1060

	20

	NE

	6

	12N

	92W

	6th

	Red Creek

	2007


	 	 	 	 	SE

	31

	13N

	92W

	6th

	 	 
	WMC260552

	RC-94

	1060

	21

	NW

	5

	12N

	92W

	6th

	Red Creek

	2007


	 	 	 	 	NE

	6

	12N

	92W

	6th

	 	 
	 	 	 	 	SE

	31

	13N

	92W

	6th

	 	 
	 	 	 	 	SW

	32

	13N

	92W

	6th

	 	 
	WMC260553

	RC-95

	1060

	22

	NW SW

	5

	12N

	92W

	6th

	Red Creek

	2007


	WMC260554

	RC-96

	1060

	23

	NE NW SW SE

	5

	12N

	92W

	6th

	Red Creek

	2007


	WMC260555

	RC-97

	1060

	24

	NW

	5

	12N

	92W

	6th

	Red Creek

	2007


	WMC260556

	RC-98

	1060

	25

	NE NW

	5

	12N

	92W

	6th

	Red Creek

	2007


	WMC260557

	RC-99

	1060

	26

	NW

	5

	12N

	92W

	6th

	Red Creek

	2007


	WMC260558

	RC-100

	1060

	27

	NE NW

	5

	12N

	92W

	6th

	Red Creek

	2007


	WMC260559

	RC-101

	1060

	28

	NW

	5

	12N

	92W

	6th

	Red Creek

	2007


	WMC260560

	RC-102

	1060

	29

	NE NW

	5

	12N

	92W

	6th

	Red Creek

	2007


	WMC260561

	RC-103

	1060

	30

	NW

	5

	12N

	92W

	6th

	Red Creek

	2007


	 	 	 	 	SW

	32

	13N

	92W

	6th

	 	 
	WMC260562

	RC-104

	1060

	31

	NE NW

	5

	12N

	92W

	6th

	Red Creek

	2007


	 	 	 	 	SE SW

	32

	13N

	92W

	6th

	 	 
	WMC260563

	RC-105

	1060

	32

	NW SW

	4

	12N

	92W

	6th

	Red Creek

	2007


	 	 	 	 	NE SE

	5

	12N

	92W

	6th

	 	 
	WMC260564

	RC-106

	1060

	33

	NW SW

	4

	12N

	92W

	6th

	Red Creek

	2007


	WMC260565

	RC-107

	1060

	34

	NW

	4

	12N

	92W

	6th

	Red Creek

	2007


	 	 	 	 	NE

	5

	12N

	92W

	6th

	 	 
	WMC260566

	RC-108

	1060

	35

	NW

	4

	12N

	92W

	6th

	Red Creek

	2007


	WMC260567

	RC-109

	1060

	36

	NW

	4

	12N

	92W

	6th

	Red Creek

	2007




- 6 -

	BLM Serial#

	Claim

Name

	Location

Last

Book

	Notice/

Amendment

Page

	Subd.

	Section

	Township

	Range

	PM

	Property

Name

	Last

Assessment


	 	 	 	 	NE

	5

	12N

	92W

	6th

	 	 
	WMC260568

	RC-110

	1060

	37

	NW

	4

	12N

	92W

	6th

	Red Creek

	2007


	WMC260569

	RC-111

	1060

	38

	NW

	4

	12N

	92W

	6th

	Red Creek

	2007


	 	 	 	 	NE

	5

	12N

	92W

	6th

	 	 
	WMC260570

	RC-112

	1060

	39

	NW

	4

	12N

	92W

	6th

	Red Creek

	2007


	WMC260571

	RC-113

	1060

	40

	NW

	4

	12N

	92W

	6th

	Red Creek

	2007


	 	 	 	 	NE

	5

	12N

	92W

	6th

	 	 
	 	 	 	 	SE

	32

	13N

	92W

	6th

	 	 
	 	 	 	 	SW

	33

	13N

	92W

	6th

	 	 
	WMC260572

	RC-114

	1060

	41

	NW

	4

	12N

	92W

	6th

	Red Creek

	2007


	 	 	 	 	SW

	33

	13N

	92W

	6th

	 	 
	WMC260573

	RC-115

	1060

	42

	SW SE

	32

	13N

	92W

	6th

	Red Creek

	2007


	WMC260574

	RC-116

	1060

	43

	SE

	32

	13N

	92W

	6th

	Red Creek

	2007


	 	 	 	 	SW

	33

	13N

	92W

	6th

	 	 
	WMC260575

	RC-117

	1060

	44

	SW SE

	32

	13N

	92W

	6th

	Red Creek

	2007


	WMC260576

	RC-118

	1060

	45

	SE

	32

	13N

	92W

	6th

	Red Creek

	2007


	 	 	 	 	SW

	33

	13N

	92W

	6th

	 	 
	WMC260577

	RC-119

	1060

	46

	SW SE

	32

	13N

	92W

	6th

	Red Creek

	2007


	WMC260578

	RC-120

	1060

	47

	SE

	32

	13N

	92W

	6th

	Red Creek

	2007


	 	 	 	 	SW

	33

	13N

	92W

	6th

	 	 
	WMC260579

	RC-121

	1060

	48

	SW SE

	32

	13N

	92W

	6th

	Red Creek

	2007


	WMC260580

	RC-122

	1060

	49

	SE

	32

	13N

	92W

	6th

	Red Creek

	2007


	 	 	 	 	SW

	33

	13N

	92W

	6th

	 	 
	WMC260581

	RC-123

	1060

	50

	NE NW SW SE

	32

	13N

	92W

	6th

	Red Creek

	2007


	WMC260582

	RC-124

	1060

	51

	NE SE

	32

	13N

	92W

	6th

	Red Creek

	2007


	 	 	 	 	NW SW

	33

	13N

	92W

	6th

	 	 
	WMC260583

	RC-125

	1060

	52

	NE NW

	32

	13N

	92W

	6th

	Red Creek

	2007


	WMC260584

	RC-126

	1060

	53

	NE

	32

	13N

	92W

	6th

	Red Creek

	2007


	 	 	 	 	NW

	33

	13N

	92W

	6th

	 	 


- 7 -

	 	 	Location

	Notice/

	 	 	 	 	 	 	 
	 	Claim

	Last

	Amendment

	 	 	 	 	 	Property

	Last


	BLM Serial#

	Name

	Book

	Page

	Subd.

	Section

	Township

	Range

	PM

	Name

	Assessment


	WMC260585

	RC-127

	1060

	54

	NE NW

	32

	13N

	92W

	6th

	Red Creek

	2007


	WMC260586

	RC-128

	1060

	55

	NE

	32

	13N

	92W

	6th

	Red Creek

	2007


	 	 	 	 	NW

	33

	13N

	92W

	6th

	 	 





WYOMING STATE MINING LEASE NO. 0-41095

ALL SECTION 36, TOWNSHIP 13 NORTH, RANGE 93 WEST, 6TH PM, CARBON COUNTY, WYOMING 

640 ACRES