---

PROPERTY PURCHASE AGREEMENTDated for reference May 5
, 2009

BETWEEN:

Geo Can Resources Company Limited (Geo
Can), a corporation incorporated and existing pursuant to the laws of Tanzania
with a registered office located at P.O. Box 80079, Dar es Salaam, United
Republic of Tanzania.

(herein the Seller) Of the First
Part

AND:

Kilimanjaro Mining Company, Inc., a
corporation incorporated and existing pursuant to the laws of the State of
Nevada, U.S.A with a registered office located at 711 S. Carson Street, Carson
City, Nevada 89701

(herein the Purchaser) Of the Second
Part

WHEREAS:

|R.1 | The Seller owns (i) a 100%, or (ii) a partial
      interest, or (iii) an option interest in certain Prospecting Licenses,
      Primary Mining Licenses or Applications more particularly described on
      Schedule A attached hereto and forming part of this Agreement (herein
      the Property)
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |                                                                                                                                                                                                                                                                                                            
|R.2 | The Seller has agreed to sell its interest in
      each License comprising the Property to the Purchaser on the terms and
      conditions hereinafter agreed to.                                                                                                                                         

NOW THEREFOREin consideration of the premises and the
respective covenants and agreements herein contained, and for other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged by the Parties, the Parties hereby covenant and agree as follows:

ARTICLE 1 RECITALS

|1.1 | Recitals                                                                             
|--- | -------------------------------------------------------------------------------------
|    |                                                                                      
|    | Recitals R.1 and R.2 above, are hereby adopted
      and form part of this Agreement.

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ARTICLE 2DEFINITIONS AND INTERPRETATION

|2.1 | Definitions
|--- | -----------

As used in this Agreement, the
following words and phrases shall have the following meanings, respectively:

| | (a) | Agreement means this Property Purchase
      Agreement, including the schedules hereto, as the same may be supplemented
      or amended from time to time;                        
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |     |                                                                                                                                                                                      
| | (b) | Charter Documents means the articles of
      incorporation, amendment and/or continuance, as the case may be, and
      by-laws and similar constating documents of a corporation;
| |     |                                                                                                                                                                                      
| | (c) | Closing shall have the meaning ascribed thereto
      in Section 3.4 of this Agreement;                                                                                            
| |     |                                                                                                                                                                                      
| | (d) | Closing Date shall have the meaning ascribed
      thereto in Section 3.4 of this Agreement or any other date mutually agreed
      to by the Purchaser and Seller;                
| |     |                                                                                                                                                                                      
| | (e) | Closing Time shall have the meaning ascribed
      thereto in Section 3.4 or such other time on the Closing Date as shall be
      mutually agreed to by the Seller Shareholders;  
| |     |                                                                                                                                                                                      
| | (f) | Dollars means the currency of the United
      States;                                                                                                                             
| |     |                                                                                                                                                                                      
| | (g) | Propertymeans the Sellers interest in the
      Licenses described in Schedules A and B;                                                                                          
| |     |                                                                                                                                                                                      
| | (h) | Purchase Pricemeans the cash and Purchasers
      shares described on Schedule B;                                                                                                 
| |     |                                                                                                                                                                                      
| | (i) | Schedule means                                                                                                                                                                    

| | Schedule A: | Description of Licenses and Sellers Interest                                                                 
| | ----------- | --------------------------------------------------------------------------------------------------------------
| |             |                                                                                                               
| | Schedule B: | Sellers Ownership in each license                                                                            
| |             |                                                                                                               
| | Schedule C: | Purchase price and Copy of Releases                                                                           
| |             |                                                                                                               
| | Schedule D: | Closing Date, time and location.                                                                              
| |             |                                                                                                               
| | Schedule E: | Board of Directors Resolutions of the Seller
      and the Purchaser Accepting the Property Purchase Agreement

|
|

|2.2 | Entire Agreement                                                                                                                                                                                                                                                                                                                    
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |                                                                                                                                                                                                                                                                                                                                     
|    | This Agreement constitutes the entire agreement among the
      Parties pertaining to the subject matter hereof and thereof and supersedes
      all prior agreements, understandings, negotiations and discussions,
      whether oral or written, between the Parties with respect to the subject
      matter hereof and thereof.

2

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|2.3 | Knowledge                                                                                                                                                                                                                                                                                                                                                                                                                 
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |                                                                                                                                                                                                                                                                                                                                                                                                                           
|    | Where any representation or warranty contained in this
      Agreement is expressly qualified by reference to the knowledge of a Party,
      it shall be deemed to refer to the actual knowledge of the Party after
      making inquiries of third parties or other Persons and, in the case of a
      corporate Party, inquiries as to the actual knowledge of appropriate
      directors and officers of such Party.

ARTICLE 3PURCHASE AND SALE OF THE
PROPERTY

|3.1 | Purchase and Sale of Property                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|    | Upon and subject to the terms and conditions of this
      Agreement, the Purchaser hereby agrees to purchase and acquire from the
      Seller, and the Seller hereby agrees to sell, transfer, assign and set
      over to the Purchaser, the Property for the purchase price described in
      3.2 below.                                                                                                                                                                           
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|3.2 | Purchase Price                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|    | The Parties hereby agree that the purchase price
      (consideration) for the transaction of purchase and sale contemplated in
      subsection 2.1(a) shall be, satisfied by the forgiveness of cash
      previously advanced by the Purchaser to the Seller, retention of shares by
      the Purchaser previously issued by assignment of the Seller and the issue
      of shares of the Purchaser to the Seller, all of which are more
      particularly described on Schedule C.
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|3.3 | Instruments of Transfer                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|    | (a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|    | (b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|3.4 | Closing                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|    | The closing (Closing) of the purchase and sale
      of the Seller Shares shall take place at the offices of the Seller, at the
      location, time and date which are more specifically described in Schedule
      D attached hereto and forming part of this Agreement or at such other
      time and place as may be agreed to by the Seller and
  Purchaser.                                                                                                                  

3

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|3.5 | Closing Documents
|--- | -----------------

At Closing:

| | 3.5.1 | The Seller shall deliver (if not previously
      delivered)
| | ----- | ------------------------------------------------------------

| | A. | For each License in which the Seller has an Option to
      acquire an interest, a copy of the Option Agreement and confirmation of
      outstanding Option terms; and a copy of the Notice of Assignment of the
      Sellers interest to be delivered to the Optionor.
| | -- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |    |                                                                                                                                                                                                                                                                           
| | B. | For each License in which the Seller has a partial
      interest, a copy of any participation or joint venture agreement with the
      other parties holding a partial interest in the License.                                                                         
| |    |                                                                                                                                                                                                                                                                           
| | C. | A release in favour of the Purchaser regarding shares
      that the Seller had previously assigned to the Purchaser, more completely
      described in Schedule C.                                                                                                      

| | 3.5.2 | The Purchaser shall deliver a release in favour of the
      Seller of the loan of $1,500,000 and a share certificate for 5,051,250
      shares of the Purchaser registered to the Seller, more completely
      described in Schedule C.
| | ----- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

ARTICLE 4REPRESENTATIONS AND
WARRANTIES

|4.1 | Representations and Warranties of the
      Seller                                                                
|--- | ------------------------------------------------------------------------------------------------------------------
|    |                                                                                                                   
|    | The Seller severally represents and warrants to the
      Purchaser with respect to himself or itself, as
follows:

| | (a) | The Seller has all requisite power and authority to enter
      into and to carry out all of the terms of this Agreement and all other
      documents executed and delivered in connection herewith;
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |     |                                                                                                                                                                                                      
| | (b) | When executed and delivered by the Seller, this Agreement
      shall constitute the valid and legally binding obligation of the Seller
      enforceable in accordance with its terms;              
| |     |                                                                                                                                                                                                      
| | (c) | Schedule A to this Agreement accurately and completely
      sets forth a description of the Property;                                                                                               
| |     |                                                                                                                                                                                                      
| | (d) | Schedule B to this Agreement accurately and completely
      sets forth the Sellers interest in each License comprising the
      Property;                                                         
| |     |                                                                                                                                                                                                      
| | (e) | Schedule C to this Agreement accurately and completely
      sets forth the Purchase Price and copies of the Seller and Purchasers
      Releases;                                                  
| |     |                                                                                                                                                                                                      
| | (f) | There are no undisclosed parties who have a beneficial
      interest in the Sellers interest in each License;                                                                                      

4

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| | (g) | The Purchaser has obtained independent legal counsel and
      has confirmed it understands and agrees to the terms of this
    Agreement;                                                                                                                                                                                                                       
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |     |                                                                                                                                                                                                                                                                                                                                                                  
| | (h) | The Seller has and will transfer to the Purchaser, good
      and marketable title its particular interest in each License comprising
      the Property free and clear of all pledges, security interests, mortgages,
      liens, claims, charges, restrictions or encumbrances, except for any
      restrictions imposed by federal or state securities
laws.

|4.2 | Representations and Warranties of the
      Purchaser                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|    | Purchaser represents and warrants to the Seller that
      Purchaser has the corporate power and authority to enter into this
      Agreement and to carry out the intent and purpose thereof and this
      Agreement constitutes the valid and binding obligation of Purchaser
      enforceable against Purchaser in accordance with its terms;                                                                                                                                                                                                                                                                                              
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|4.3 | Nature and Survival of
    Representations                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|    | All representations, warranties, covenants and agreements
      contained in this Agreement and in any document or instrument executed and
      delivered in connection with the completion of the transaction
      contemplated hereby on the part of each of the Parties shall survive the
      Closing Time, the execution and delivery hereunder of any instruments of
      conveyance, assignments or other instruments of transfer of title to the
      Property and the issuance of any securities as contemplated under this
      Agreement shall continue in full force and effect from and after the
      Closing Date forever.

ARTICLE 5GENERAL

|5.1 | Notices                                                                                                                                                 
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------
|    |                                                                                                                                                         
|    | All notices which may or are required to be given
      pursuant to any provisions of this Agreement shall be given or made in
      writing as follows:

In the case of the Seller: Geo Can
Resources Company Limited Address: P.O. Box 80079, Dar es Salaam, Tanzania
Fax No.: 1-866-246-1028 Attention: David Kalenuik Email:
geocaninfo@gmail.com

with a copy to:

Joanne McClusky Suite 810 - 675
Hastings Street West Vancouver, British Columbia V6B 3H7 Fax No.:(604)
684-2349

5

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| | In the case of the Purchaser:         
| | --------------------------------------
| | Address: 711 S. Carson Street,        
| | Carson City, Nevada USA 89701         
| | Fax No.: 1-866-246-1028               
| | Attention: Heidi Kalenuik             
| | Email: hkalenuik@kilimanjaromining.com

|    | The Parties may change their respective addresses for
      notices by notice given in the manner set out in this Section 5.1. Any
      such notice or other communication shall be in writing and, unless
      delivered personally to the addressee, or to a responsible officer of the
      addressee, as applicable, shall be given by facsimile and shall be deemed
      to have been given when: (i) in the case of a notice delivered personally
      to the addressee, or to a responsible officer of the addressee, as
      applicable, when so delivered; and (ii) in the case of a notice delivered
      or given by facsimile, on the first business day following the day on
      which it is sent.
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|5.2 | Successors and Assigns                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|    | Except as otherwise expressly provided herein, all
      covenants and agreements contained in this Agreement by or on behalf of
      any of the parties hereto will bind and inure to the benefit of the
      respective successors and assigns of the parties hereto whether so
      expressed or not.                                                                                                                                                                                                                                                                                                                                                                                                             
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|5.3 | Severability                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|    | Whenever possible, each provision of this Agreement will
      be interpreted in such manner as to be effective and valid under
      applicable law, but if any provision of this Agreement is held to be
      prohibited by or invalid under applicable law, such provision will be
      ineffective only to the extent of such prohibition or invalidity, without
      invalidating the remainder of this Agreement or the other
  documents.                                                                                                                                                                                                                                                                     
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|5.4 | Counterparts                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|    | This Agreement may be executed in two or more
      counterparts, any one of which need not contain the signatures of more
      than one party, but all such counterparts when taken together will
      constitute one and the same agreement.                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|5.5 | Governing Law                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|    | This Agreement shall be governed by and be construed in
      accordance with the laws of the State of Nevada, United States of America
      and shall be treated in all respects as a State of Nevada contract, and
      each Party hereby irrevocably and unconditionally submits to the non-
      exclusive jurisdiction of the courts of such state and all courts
      competent to hear appeals therefrom. The Parties irrevocably waive any
      objection that they now or hereafter have that any action or proceeding
      has been brought in an inconvenient forum.                                                                                                                                   

IN WITNESS WHEREOF, each of the parties to this Agreement has executed or
caused this Agreement to be executed as of the date first above written.

6

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GEO CAN RESOURCES COMPANY LIMITEDBy its authorized
signatory:

Per:/s/David Kalenuik      
David Kalenuik, President

KILIMANJARO MINING COMPANY, INC.By its authorized
signatory:

Per: /s/Heidi Kalenuik      
Heidi Kalenuik, President

7

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SCHEDULE A

List of Licenses comprising the Property 
  Part 1 - Gold
License Prospects

LICENSE SNo NO
      PROJECT NAME
      Transferred To
      Renewal ApplicationNo.
      Fresh **Appication**No.
      **(SqKm)**
      **Comments**
      PROSPECT
      **DISTRICT****1**
      PL 2806/2004
      GEITA
      Geo Can
      HQ- G15190
      
      21.59
      
      Geita
      GeitaHQ- P17022
      20.85
      Offer is out, waiting for License**2**
      PL 4511/2007
      MUSOMA BUNDA MURANGI
      Geo Can
      
      
      51.63
      
      Masinono
      Musoma**3**
      PL 4653/2007
      MUSOMA BUNDA MURANGI/Kinyambwiga
      Geo Can
      
      
      30.73
      
      Kinyambwiga
      Musoma**4**
      PL 3482/2005
      MUSOMA BUNDA MURANGI
      Geo Can
      HQ- G15670
      
      23.25
      Offer is out, waiting for License, anticipate change in size & rent
      Murangi
      MusomaHQ- P19172
      12.14
      Offer is not out**5**
      PL 4818/2007
      MUSOMA BUNDA MURANGI
      Geo Can
      
      
      29.11
      
      Murangi
      Musoma**6**
      PL 4815/2007
      MUSOMA BUNDA MURANGI
      Geo Can
      
      
      21.99
      
      Murangi
      Musoma**7**
      PL 3350/2005
      MUSOMA BUNDA MURANGI
      Geo Can
      HQ- G15539
      
      30.55
      Offer is not out, anticipate change in size
          & rent
      Suguti
      MusomaHQ- P18625
      15.27
      Offer is not out**8**
      PL 3966/2006
      MUSOMA BUNDA MURANGI
      Geo Can
      
      
      72.57
      
      Suguti
      Musoma**9**
      PL 1880/2002
      MUSOMA BUNDA MURANGI
      Geo Can
      
      
      30.31
      Expired - applied under fresh application for 100%; waiting for Application number
      Murangi
      Musoma**10**
      PL 3502/2005
      MUSOMA BUNDA MURANGI
      Geo Can
      HQ- G15635
      
      21.98
      Offer is not out, anticipate change in size
          & rent
      Murangi
      MusomaHQ- P19090
      10.99
      Offer is not out**11**
      PL 5122/2008
      MUSOMA BUNDA MURANGI
      Tan Geo
      
      
      15.2
      
      Suguti
      Musoma**12**
      PL 4531/2007
      UYOWA
      Geo Can
      
      
      95
      
      Uyowa
      Urambo


8

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13
      PL 3425/2005
      UYOWA
      **Geo
        Can**
      HQ- G15593
      
      170.33
      Offer is not out, anticipate change in size
          & rent
      Uyowa
      Uyowa**HQ-** P18861
      85.17
      Offer is not out14
      HQ-P16177
      UYOWA
      **Geo
        Can**
      
      
      170.92
      Waiting for PL
            Number
      Uyowa
      Urambo15
      PL 5009/2008
      UYOWA
      **Geo
        Can**
      
      
      244.32
      
      Uyowa
      Urambo16
      PL 4749/2007
      UYOWA
      **Tan
        Geo**
      
      
      34.24
      
      Kisimani River
            and Iseramigasi
      Urambo17
      PL 5153/2008
      UYOWA
      **Geo
        Can**
      
      
      134.96
      
      Uyowa
      Uyowa18
      PL 3557/2005
      UYOWA
      **Geo
        Can**
      
      
      
      Missed renewal date. Applied as 100%
          Fresh application
      Igwisi
      Uyowa**HQ-** P19113
      171.1
      Offer is not out19
      PLR 4188/2006
      KAHAMA
          SOUTH
      **Geo
        Can**
      HQ- G15842
      
      184
      100% renewal. There will be changes as it is for a PL. Offer not out.
      Kahama South
      Kahama20
      PLR 4189/2006
      KAHAMA SOUTH
      **Geo
        Can**
      HQ- G15841
      
      61.09
      100% renewal. There will be changes as it is for a PL. Offer not out.
      Kahama
      Kahama21
      PL 2344/2003
      BUHEMBA
      **Tan
        Geo**
      HQ- G15741
      
      20.74
      Offer is not out, anticipate change in size
          & rent
      Nyanza
      Musoma**HQ-** P19452
      9.25
      Offer is not out22
      PL4892/2007
      BUHEMBA
      **Tan
        Geo**
      
      
      19.96
      
      Nyagubu
      Musoma23
      PL 2979/2005
      BUHEMBA
      **Geo
        Can**
      HQ- G15354
      
      68
      
      Bunda South
      BundaHQ- P17507
      34.92
      Offer is out, waiting for License24
      PL 4882/2007
      TARIME NORTH
            MARA
      **Tan
        Geo**
      
      
      61.51
      
      Tarime
      Nyagisa/ Tarime25
      PL 2677/2004
      TARIME NORTH
            MARA
      **Tan
        Geo**
      
      
      77.91
      
      Tarime
      Tarime26
      PL 3340/2005
      TARIME NORTH MARA
      **Geo
        Can**
      HQ- G15540
      
      194.56
      Offer is out, waiting for License, anticipate change in size & rent
      Ikoma
      Tarime


9

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**HQ-** P18623
      93.38
      Offer is out, waiting for License**27**
      PL 3341/2005
      TARIME NORTH MARA
      **Geo
        Can**
      HQ- G15542
      
      51.25
      Offer is not out, anticipate change in size
          & rent
      Utegi
      Tarime**HQ-** P18622
      25.63
      Offer is not out**28**
      PL 3339/2005
      TARIME NORTH MARA
      **Geo
        Can**
      HQ- G15541
      
      3.57
      Offer is not out, anticipate change in size
          & rent
      Tarime
      TarimeHQ- P18621
      
      1.79
      Offer is not out**29**
      PL 3005/2005
      TARIME NORTH MARA
      **Tan
        Geo**
      HQ- G15362
      
      42.72
      Only applied
            for renewal (50% of original 85 sq.km.) Original owner, R.S.R. applied for fresh application.
      Tarime
      Mara Tarime**30**
      PL 4225/2007
      TARIME NORTH
            MARA
      **Geo
        Can**
      
      
      42.35
      
      Kiagata
      Musoma**31**
      PL 4873/2007
      TARIME NORTH
            MARA
      **Tan
        Geo**
      
      
      40.97
      
      Tarime
      Tarime**32**
      PL 3355/2005
      NORTH MARA NYABIGENA EAST
      **Geo
        Can**
      
      
      24.06
      
      Nyamwanga/ Nyamongo
      Tarime**33**
      PL 4645/2007
      NORTH MARA NYABIGENA EAST
      **Geo
        Can**
      
      
      16.9
      
      Tarime
      Tarime**34**
      PL 3338/2005
      KUBAISI-KISERYA
      **GeoCan**
      HQ- G15538
      
      25.52
      Offer is not out, anticipate change in size
          & rent
      Kubaisi
      Musoma**HQ-** P18620
      12.76
      Offer is not out**35**
      PL 4726/2007
      KUBAISI-KISERYA
      **GeoCan**
      
      
      106.29
      
      Tarime
      Tarime**36**
      PL 4833/2007
      KUBAISI-KISERYA
      **Tan
        Geo**
      
      
      27.34
      
      Kiterere Hills
      Tarime & Serengeti**37**
      PL 3439/2005
      KAHAMA SHINYANGA
      **Geo
        Can**
      HQ- G15592
      
      47.74
      Offer is not out, anticipate change in size
          & rent
      Wendele
      Kahama**HQ-P** 18860
      23.87
      Offer is not out**38**
      PL 2747/2004
      KALEMELA
      **Geo
        Can**
      HQ- G15188
      
      63.71
      Offer is out, waiting for License, anticipate change in size & rent
      Magu
      Magu


10

---

**HQ-** P16882
      36.31
      Offer is out, waiting for License**39**
      PL 2910/2004
      KALEMELA
      
      HQ- Geo
          Can G15189
      
      76.81
      Offer is not out, anticipate change in size
          & rent
      Bunda South
      Mara**HQ-** P17306
      39
      Offer is not out**40**
      PL 3006/2005
      KALEMELA
      
      HQ- Geo
          Can G15365
      
      113.31
      Offer is out, waiting for License, anticipate change in size & rent
      Bunda
      MaraHQ- P17617
      56.74
      Offer is out, waiting for License**41**
      PL 5469/2008
      IGUSULE
      **Geo
            Can**
      
      
      23.01
      
      Igusule East
      Igusule East**42**
      PL 2702/2004
      IGUSULE
      **Geo
            Can**
      
      
      23.01
      
      Igusule
      IgusuleLICENSES THAT EXPIRED
      ASSOCIATED FRESH APPLICATIONS:PL 3557/2005
      HQ-P19113PL 2309/2003
      HQ-P19149PL 3311/2005
      HQ-P19000


Part 2  Uranium Licenses Prospects

SNo
      LICENSE NO
      PROJECT
        NAME
      RENEWAL APPLIC. NO
      FRESH APPLIC. NO.
      TRANSFERRED TO
      PROSPECT
      AREA (SqKm)
      COMMENTS1
      PLR 4433/2007
      MBINGA
      
      
      Geo Can
      Mbinga
      1101
      Expires MAY 7/092
      PLR 4335/2007
      MBINGA
      
      
      Geo Can
      Litembo
      462.5
      Expires MAY 7/093
      PL 4254/2007
      MBINGA
      
      
      Geo Can
      Pulambili, Mbinga
      197.54
      PLR 4345/2007
      MBINGA
      
      
      Geo Can
      Mbinga
      980
      Expires MAY 7/095
      PLR 4346/2007
      MBINGA
      
      
      Geo Can
      Mbinga
      307.1
      Expires MAY 23/096
      PL 4651/2007
      KIWIRA
      
      
      Geo Can
      Makete
      173
      Expires SEPT 17/097
      PL 4406/2007
      KIWIRA
      
      
      Geo Can
      Chunya/ Mbeya
      101.68
      PL 4514/2007
      KIWIRA
      
      
      Geo Can
      Kyela
      139.69
      PL 4211/2007
      BAHI
      
      
      Tan Geo
      Bahi
      87.64 11


---

10
      PLR 4297/2007
      NJOMBE
      HQ-G 15934
      HQ -P 20180
      Geo Can
      Njombe
      282.211
      PL 4068/2007
      LAKE RUKWA
      HQ-G 15882
      HQ-P 19941
      Geo Can
      Chunya/ Mbeya
      268.812
      PLR 4692/2007
      MKUJU EAST
      
      
      Geo Can
      LIWALE
      423.5
      Expires SEPT 16/0913
      PLR 4644/2007
      MKUJU EAST
      
      
      Geo Can
      Madaba North
      672.79
      Expires AUG 5/0914
      PL 4339/2007 (LAKE VIC)
      BAHI  HOMBOLO
      
      
      Geo Can
      Bahi


Note: Properties/Licenses
listed on Part 1 as 11, 16, 21, 22, 24, 25, 29, 31 and 36 and Part 2 as 9 are
titled in the name of Tan Geo Exploration Limited and Geo Can Resources Company
Limited has an Option to Purchase Property Agreement to acquire up to100%
ownership in each of them according to the terms and conditions of the
agreement. PL2747, 3006, 2910, 4339, 2702, 5469, 2806 and 4653 are under an
Option agreement with Lake Victoria Mining Company.

12

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SCHEDULE B

Sellers interest in each License

Seller holds 100% ownership interest in all licenses listed on
Schedule A, directly or indirectly. It should be noted that PL2747, 3006, 2910,
4339, 2702, 5469, 2806 and 4653 are under an Option agreement with Lake Victoria
Mining Company.

---

SCHEDULE C

PURCHASE PRICE

|1. | Forgiveness by the Purchaser of prior loans to the Seller
      in the principal amount of US$1,500,000 including any unpaid interest to
      the date of Closing.                                                                                                                                         
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                             
|2. | Purchaser to retain 6,350,300 restricted common shares of
      Lake Victoria Mining Company (LVCA:OTCBB) previously issued to the
      Purchaser by assignment of the Seller in regard to option agreements that
      the Seller entered into between itself and Lake Victoria Mining Company,
      Inc.
|   |                                                                                                                                                                                                                                                                                                             
|3. | The delivery at Closing of 5,176,250 treasury shares of
      the Purchaser at a deemed price of $0.05                                                                                                                                                                                                      

RELEASE FOR THE SELLER:

May 05, 2009

Re: Release in favour of the Seller, Geo Can Resources Company
Limited, for $1,500,000 loan amount advanced by Kilimanjaro.

For good and valuable consideration, the receipt of which is
hereby acknowledged within the Property Purchase Agreement dated May 05, 2009,
Schedule A and C, Kilimanjaro Mining Company, Inc. (the Releasor), a
corporation incorporated and existing pursuant to the laws of the State of
Nevada, U.S.A., with a registered office located at 711 S. Carson Street, Carson
City, Nevada 89701, does release Geo Can Resources Company Limited, (the
Releasee), a corporation incorporated and existing pursuant to the laws of
Tanzania with a registered office located at P.O. Box 80079, Dar es Salaam,
United Republic of Tanzania, for any and all claims that the Releasor may have
against the Releasee for the loan amount of $1,500,000 that has been advanced to
the Releasee by the Releasor between 2007 and 2009.

The Releasor has executed or caused this Release to be executed
as of the date above.

KILIMANJARO MINING COMPANY, INC.By its authorized
signatory:

Per:
  /s/Heidi Kalenuik       Heidi Kalenuik,
President

---

SCHEDULE C (contd)

RELEASE FOR PURCHASER:

May 05, 2009

Re: Release in favour of the Purchaser, Kilimanjaro Mining
Company, Inc. for shares previously assigned by Geo Can.

For good and valuable consideration, the receipt of which is
hereby acknowledged within the Property Purchase Agreement dated May 05, 2009 in
Schedule C, Geo Can Resources Company Limited (the Releasor), a corporation
incorporated and existing pursuant to the laws of Tanzania with a registered
office located at P.O. Box 80079, Dar es Salaam, United Republic of Tanzania,
does release Kilimanjaro Mining Company, Inc., (the Releasee) a corporation
incorporated and existing pursuant to the laws of the State of Nevada, U.S.A.,
with a registered office located at 711 S. Carson Street, Carson City, Nevada
89701, for any and all claims that the Releasor may have against the Releasee
for the 6,450,300 Lake Victoria Mining Company, Inc. that the Releasor
previously assigned to the Releasee and that the Releasee holds as of the date
of this release.

The Releasor has executed or caused this Release to be executed
as of the date above.

GEO CAN RESOURCES COMPANY LIMITEDBy its authorized signatory:

Per:
  /s/David
Kalenuik        David
Kalenuik, President

15

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SCHEDULE D CLOSING DETAILS

Closing Date:     May 5, 2009

Location:            
Vancouver, B.C.

Time:                   
1 PM PST

Date:

16

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SCHEDULE E

BOARD OF DIRECTORS RESOLUTIONS ACCEPTING THE PROPERTY
PURCHASE AGREEMENT

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