| RE:    | Acquisition      Agreement dated for reference October 28, 2009 between    |
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|   | Ironwood      Mining Corp., Ironwood Gold Corp. and Kingsmere Mining  Ltd. |

| 1.  | Section      4 of the Acquisition Agreement is deleted in its entirety and is replaced      with the following: |
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| 2.  | Ironwood      Mining Corp. hereby directs that the Consideration Shares be issued to the      parties listed on the attached Schedule"A". |
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| 3.  | In      all other respects the terms and conditions of the Agreement shall      continue in full force andeffect. |
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| 4.  | Each      of the parties hereto agrees to do and/or execute all such further and      other acts, deeds, things, devices, documents and assurances as may be      required in order to carry out the true intent and meaning of this      Amending Agreement. |
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| 5.  | This      Amending Agreement shall ensure to the benefit of and he binding upon the      parties hereto and each of their successors and permitted assigns, as the      case may be. |
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| 6.  | This      Amending Agreement may be executed in any number of counterparts and any      party hereto may execute any counterpart, each of which when executed and      delivered will be deemed to be an original and all of which counterparts      taken together will be deemed to be one and the same instrument. The      execution of this Amending Agreement will not become effective until all      counterparts hereof have been executed by all of the parties      hereto. |
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| 7.  | Each      of the parties hereto will be entitled to rely upon delivery by facsimile      of executed copies of this Amending Agreement, and such facsimile copies      will be effective to create a valid and binding agreement among the      parties hereto in accordance with the teems and conditions of this      Amending Agreement. |
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