**Exhibit        4.3**

**Agreement        for Sale and Purchase **

**of        the **

**Brocks        Creek Gold Plant**

**Tanami        Gold NL **

**ABN        51 000 617 176 **

**Goldbelt        Resources (West Africa) SARL**

----

**CONTENTS        **

| 1.     | INTERPRETATION                                                           | 1      |
|--------|--------------------------------------------------------------------------|--------|
| 1.1    | Definitions                                                              | 1      |
| 1.2    | Rules                    for interpreting this Agreement                 | 3      |
| 1.3    | Business                    Days                                         | 4      |
|   |                                                                     |   |
| 2.     | AGREEMENT                    TO SELL AND BUY THE SALE PROPERTY           | 4      |
| 2.1    | Sale                    and Purchase                                     | 4      |
| 2.2    | Payment                    of Purchase Price                             | 4      |
| 2.3    | Title,                    property and risk                              | 5      |
|   |                                                                     |   |
| 3.     | STATE                    OF SALE PROPERTY                                | 5      |
| 3.1    | Sold                    as is                                            | 5      |
| 3.2    | Warranty                    by Vendor                                    | 5      |
| 3.3    | No                    implied warranties                                 | 6      |
| 3.4    | Acknowledgment                    by Purchaser                           | 6      |
| 3.5    | No                    reliance by Purchaser                              | 7      |
| 3.6    | Acknowledgment                    by Purchaser                           | 7      |
|   |                                                                     |   |
| 4.     | REMOVAL                    OF SALE PROPERTY                              | 8      |
| 4.1    | Acknowledgement                    by Purchaser                          | 8      |
| 4.2    | Access                    to the Mine before Removal Date                | 8      |
| 4.3    | Method                    and timing of Removal                          | 8      |
|   |                                                                     |   |
| 5.     | LIABILITY                    AND INDEMNITY                               | 9      |
| 5.1    | Indemnity                                                                | 9      |
| 5.2    | Vendor                    not liable                                     | 10     |
| 5.3    | No                    entitlement for Purchaser to Claim                 | 11     |
|   |                                                                     |   |
| 6.     | INSURANCE                                                                | 11     |
|   |                                                                     |   |
| 7.     | DEFAULT                                                                  | 12     |
| 7.1    | Failure                    to pay Purchase Price or remove Sale Property | 12     |
|   |                                                                     |   |
| 8.     | APPROVALS                                                                | 13     |
|   |                                                                     |   |
| 9.     | GOODS                    AND SERVICES TAX                                | 13     |
| 9.1    | Definitions                                                              | 13     |
| 9.2    | Interpretation                                                           | 13     |
| 9.3    | GST                    Exclusive Amounts                                 | 13     |
| 9.4    | Payment                    of GST                                        | 13     |
| 9.5    | Reimbursements                                                           | 14     |

----

| 10.    | NOTICES                                               | 14     |
|--------|-------------------------------------------------------|--------|
| 10.1   | How                    to give a notice               | 14     |
| 10.2   | When                    a notice is given             | 14     |
| 10.3   | Address                    for notices                | 15     |
|   |                                                  |   |
| 11.    | GENERAL                                               | 15     |
| 11.1   | Force                    Majeure                      | 15     |
| 11.2   | Governing                    law                      | 15     |
| 11.3   | Liability                    for expenses             | 15     |
| 11.4   | Giving                    effect to this Agreement    | 16     |
| 11.5   | Waiver                    of rights                   | 16     |
| 11.6   | Operation                    of this Agreement        | 16     |
| 11.7   | Operation                    of indemnities           | 16     |
| 11.8   | Consents                                              | 16     |
| 11.9   | Inconsistency                    with other documents | 17     |
| 11.10  | Time                    is of the essence             | 17     |
| 11.11  | Counterparts                                          | 17     |
| 11.12  | Attorneys                                             | 17     |

| SCHEDULE                    1 - SITE ENTRY CONDITIONS      | 19     |
|------------------------------------------------------------|--------|
|                                                       |   |
| SCHEDULE                    2 - ENVIRONMENTAL REQUIREMENTS | 21     |
|                                                       |   |
| SCHEDULE                    3 - CLEANUP REQUIREMENTS       | 23     |
|                                                       |   |
| SCHEDULE                    4 - SALE PROPERTY              | 24     |

----

**AGREEMENT        FOR SALE AND PURCHASE OF THE **

**BROCKS        CREEK GOLD PLANT **

**DATE**
**        October 2006.**

**PARTIES        **

**Tanami        Gold NL **
**Vendor**

**Goldbelt        Resources (West Africa) SARL**
**Purchaser**

**RECITALS        **

**OPERATIVE        PROVISIONS **

**1.**
**INTERPRETATION**
** **

**1.1    **
**Definitions**
** **

**Agreement**

**Agreement        Date**

**Brocks        Creek **

**Business        Day**

----

**Claim**

**Cleanup        Requirements**

**Corporations        Act**
*Corporations        Act 2001*

**Encumbrance**

**Environmental**
**Requirements**

**Force        Majeure Event**

**Government        Agency**

|   | (a) | a                  government or government department or other body; |
|--------|-----|-----------------------------------------------------------------------|

|   | (b) | a                  governmental, semi-governmental or judicial person; or |
|--------|-----|---------------------------------------------------------------------------|

|   | (c) | a                  person (whether autonomous or not) who is charged with the administration                  of a law. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------|

**GST**

**GST        Law**
*A        New Tax System (Goods and Services Tax) Act 1999*

**Immediately        Available Funds**

**Law**

**Loss**

**Mine**

**Mine**
**Site        Owner **

----

**Object**

**Personnel**

**Purchase        Price**

**Removal**

**Removal        Date**

**Sale        Property**

**Site        Entry Conditions**

**Work        Plan**

**1.2    **
**Rules        for interpreting this Agreement**
** **

| (a) | A                    reference to: |
|-----|------------------------------------|

|   | (i) | legislation                  (including subordinate legislation) is to that legislation as amended,                  re-enacted or replaced, and includes any subordinate legislation                  issued                  under it; |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | a                  document or agreement, or a provision of a document or agreement,                  is to                  that document, agreement or provision as amended, supplemented,                  replaced                  or novated; |
|--------|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii) | a                  party to this Agreement or to any other document or agreement includes                  a                  permitted substitute or a permitted assign of that party; |
|--------|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iv) | a                  person includes any type of entity or body of persons, whether                  or not it                  is incorporated or has a separate legal identity, and any executor,                  administrator or successor in law of the person; and |
|--------|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (v) | anything                    (including a right, obligation or concept) includes each part                    of it. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------|

| (b) | A                    singular word includes the plural, and vice versa. |
|-----|-------------------------------------------------------------------------|

| (c) | A                    word which suggests one gender includes the other genders. |
|-----|---------------------------------------------------------------------------------|

----

| (d) | If                    a word is defined, another part of speech has a corresponding                    meaning. |
|-----|-----------------------------------------------------------------------------------------------------------------|

| (e) | If                  an example is given of anything (including a right, obligation                  or                  concept), such as by saying it includes something else, the example                  does                  not limit the scope of that thing. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (f) | The                  word **agreement**                  includes an undertaking or other binding arrangement or understanding,                  whether or not in writing. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (g) | The                  words **subsidiary**,                  **holding                  company**                  and **related                  body corporate**                  have the same meanings as in the Corporations Act. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (h) | A                  reference to "dollars" or "$" is to an amount in Australian currency. |
|-----|------------------------------------------------------------------------------------------|

| (i) | Unless                  otherwise provided, the provisions contained in this Agreement                  shall                  prevail over the provisions contained in the Schedules to this                  Agreement,                  to the extent of any inconsistency. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**1.3    **
**Business        Days**
** **

| (a) | if                  the act involves a payment that is due on demand, the person must                  do it on                  or by the next Business Day; and |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | in                  any other case, the person must do it on or by the previous Business                  Day. |
|-----|----------------------------------------------------------------------------------------------------------------|

**2.**
**AGREEMENT        TO SELL AND BUY THE SALE PROPERTY**
** **

**2.1    **
**Sale        and Purchase**
** **

**2.2    **
**Payment        of Purchase Price**
** **

| (a) | The                  sum of $200,000 which has been paid by the Purchaser to the Vendor                  on or                  about 10 May 2006 as a non-refundable deposit, receipt of which                  is hereby                  acknowledged by the Vendor. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | The                  sum of $1,000,000 plus GST on no later than 4.00pm WST on Tuesday,                  31                  October 2006 or the date upon which the Purchaser commences removal                  of the                  Sale Property whichever is the earlier, receipt of which is acknowledged                  by the Vendor. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (c) | The                  sum of $500,000 plus GST by no later than 4.00pm WST on Thursday,                  30                  November 2006. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------|

| (d) | A                  final payment of $300,000 plus GST ("Final Payment") by no later                  than                  4.00pm WST on Friday, 29 December 2006 provided that in the event                  that the                  Purchaser has not fully complied with its obligations in terms                  of clause 4                  of this Agreement, the Final Payment shall be made not later than                  4.00pm                  WST on Thursday, 30 November 2006, and shall be increased by an                  additional                  payment of $200,000 ("Additional Payment") to be retained by the                  Vendor to                  meet such expenditure and costs which may be incurred by the Vendor                  for                  the reasonable Removal and Cleanup Requirements in terms of this                  Agreement. Any portion of the Additional Payment not utilised by                  the                  Vendor for the reasonable Removal and Cleanup Requirements shall                  be                  returned to the Purchaser as soon as reasonably possible                  thereafter. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**2.3    **
**Title,        property and risk**
** **

| (a) | The                  Sale Property is at the Purchaser's sole risk on and from 29 September                  2006 (“Commitment Date”). |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | From                  the Commitment Date, the Vendor has no responsibility for deterioration                  of                  the condition and/or security of the Sale Property. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | The                  title to and property in the Sale Property passes to the Purchaser                  on and                  from the date of receipt by the Vendor of the whole of the Purchase                  Price                  as specified in clauses 2. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**3.**
**STATE        OF SALE PROPERTY**
** **

**3.1    **
**Sold        as is**
** **

| (a) | The                  Sale Property is sold in an "as is, where is" condition - that                  is, in its                  existing location, state of repair and condition, with all faults                  or                  defects (if any) whether or not apparent. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | The                  sale and purchase of the Sale Property will not be invalidated                  because of: |
|-----|------------------------------------------------------------------------------------------------------------------|

|   | (i) | any                    defect or faults in any of the items of the Sale Property; |
|--------|-----|-----------------------------------------------------------------------------------|

----

|   | (ii) | any                    misdescription. |
|--------|------|----------------------------------------|

**3.2    **
**Warranty        by Vendor**
** **

| (a) | The                  Vendor warrants that, as at the Agreement Date and the date of                  payment of                  the Purchase Price under clauses 2.2: |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | any                      misdescription.it is the owner of the Sale                      Property; |
|--------|-----|----------------------------------------------------------------------------------------------------|

|   | (ii) | the                        Sale Property is free from any Encumbrance; and |
|--------|------|----------------------------------------------------------------------------|

|   | (iii) | the                        Vendor has the full corporate power and authority to execute                        and deliver                        this Agreement and to perform its obligations under this                        Agreement. |
|--------|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iv) | the                          Vendor has notified the Purchaser of faults or defects                          of the Sale                          Property, of which the Vendor is                          aware. |
|--------|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (v) | the                        sale of the Sale Property will not result in any default                        or breach under                        any applicable law, or the Vendor’s constating documents or any agreement                        to which the Vendor is a                        party. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | Other                  than as set out above, the Vendor does not make any express or                  implied                  warranty or representation, including (without limitation) concerning                  the                  following: |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | the                        state of repair or maintenance or serviceability of the Sale                        Property; |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | quality,                          fitness or suitability for any purpose of the Sale Property; |
|--------|------|------------------------------------------------------------------------------------------------|

|   | (iii) | the                        safety of the Sale Property; or |
|--------|-------|------------------------------------------------------------|

|   | (iv) | compliance                          with any Law or the requirements of any Government Agency                          relating to or                          to the use or operation of the Sale Property including                          (without                          limitation) the existence of any licence or permit or the                          ability to                          obtain any licence or permit. |
|--------|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | The                    Vendor acknowledges that the Purchaser is relying upon the warranties                    set                    out in this Section 3.2 in entering into this Agreement and performing                    its                    obligations hereunder. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**3.3    **
**No        implied warranties**
** **

----

**3.4    **
**Acknowledgment        by Purchaser**
** **

| (a) | has                  been given an opportunity to inspect the Sale Property and to conduct                  its                  own inquiries concerning the Sale Property before entering into                  this                  Agreement; |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | has                  inspected the Sale Property and relies on that inspection; |
|-----|---------------------------------------------------------------------------------|

| (c) | is                  satisfied that the Sale Property is at the Mine; |
|-----|----------------------------------------------------------------------|

| (d) | accepts                  any liabilities, obligations, requisitions, directions, recommendations                  and notices regarding the Sale Property incurred after the Execution                  Date,                  other than those made by the Vendor without the prior written consent                  of                  the Purchaser, and |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (e) | has                  the full corporate power and authority to execute and deliver this                  Agreement and to perform its obligations under this Agreement. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**3.5    **
**No        reliance by Purchaser**
** **

| (a) | is                    satisfied as to the nature, quality and condition of the Sale                    Property; |
|-----|------------------------------------------------------------------------------------------------------------------|

| (b) | in                  entering into this Agreement, it has not relied on any express                  or implied                  statement, representation or warranty, or any other conduct, made                  by or on                  behalf of the Vendor or the Vendor's Personnel as to: |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | the                          Sale Property; |
|--------|-----|---------------------------------------------|

|   | (ii) | any                            potential for the Purchaser to obtain a benefit from                            the purchase of the                            Sale Property; |
|--------|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii) | the                          viability, profitability, condition, state of repair, fitness                          or                          suitability for any use or purpose of the Sale Property; |
|--------|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iv) | any                            engineering, development concept or other plans in relation                            to the Sale                            Property or the compliance of the Sale Property with                            those plans; and |
|--------|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | it                  has relied upon its own enquiries relating to and inspection of                  the Sale                  Property; |
|-----|------------------------------------------------------------------------------------------------------------------------------------------|

| (d) | it                  has formed its own view and relied on its own assessment of the                  prospects                  of, and procedure for, the Removal; |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (e) | it                  accepts the Sale Property in its present condition and state of                  repair and                  subject to all defects (if any) whether latent or patent and entirely                  at                  its own risk including (without limitation) risk in respect of                  any damage,                  dilapidation or breakdown of any nature that may occur prior to                  the                  Commitment Date;                  and |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (f) | it                  has not relied upon the skill or judgment of the Vendor in any                  way. |
|-----|----------------------------------------------------------------------------------------------------------|

**3.6    **
**Acknowledgment        by Purchaser**
** **

**4.        **
**REMOVAL        OF SALE PROPERTY**

**4.1     **
**Acknowledgement        by Purchaser**

**4.2     **
**Access        to the Mine before Removal Date**
** **

| (a) | Access                  to the Mine for removal of Sale Property will be co-ordinated with                  the                  Mine Site Owner. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | In                  advance of any of its Personnel entering the Mine, provide the                  Mine Site                  Owner with: |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | a                            full list of the names and details of all of its Personnel                            who will be                            entering the Mine in order to conduct the Removal; and |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | a                              detailed work plan regarding the Removal (Work Plan). |
|--------|------|--------------------------------------------------------------------------------------|

| (c) | The                  Mine Site Owner may refuse the Purchaser’s Personnel access to the Mine if                  the Purchaser’s Personnel do not reasonably comply with the Site Entry                  Conditions (as listed in Schedule 1). |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**4.3    **
**Method        and timing of Removal**
** **

| (a) | The                  Purchaser will provide the Vendor and the Mine Site Owner with                  the name                  and contact details of its authorised representative who shall                  be                  responsible for arranging and managing the Removal. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (b) | The                  Purchaser bears the risk and expense of the Removal. |
|-----|---------------------------------------------------------------------------|

| (c) | The                  Removal will be conducted in accordance with the Cleanup Requirements                  (as                  listed in Schedule 3). |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d) | The                  Purchaser acknowledges that the Mine Site Owner may at any time                  and at its                  discretion, with seven (7) days prior notice in writing to the                  Purchaser,                  withdraw its care and maintenance Personnel from the Mine. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (e) | The                  Purchaser will, in the course of the Removal, comply with all reasonable                  directions of the representatives of the Mine which directions                  may include                  a reasonable program for orderly progress of the Removal. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (f) | The                  Purchaser will comply, and cause its Personnel to comply, with                  the Site                  Entry Conditions and the Environmental Requirements of the Mine                  Site Owner |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (g) | Despite                  anything in the Site Entry Conditions to the contrary, the Purchaser                  will                  endeavour to: |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | finalise                              the Removal of the Sale Property from the Mine on or                              before the Removal                              Date; and |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | within                                5 Business Days of the Removal, provide a notice                                in writing to the Vendor                                and the Mine Site Owner that the Purchaser has completed                                the Removal. |
|--------|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (h) | The                  Purchaser will coordinate with the Mine Site Owner, prior to any                  removal                  activity, the rerouting of the incoming electrical feed, such that                  the                  Mine Site Owner’s administration facility and workshops are supplied with                  electrical power directly from the grid. Further to this, any electrical                  components which form part of the Sale Property, is to be removed                  in a                  professional and workmanlike manner which ensures that the other                  plant and                  equipment situated at the Mine and the Mine site itself is left                  in a safe                  state and hazard-free condition |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (i) | The                  Purchaser must ensure that after the Removal: |
|-----|--------------------------------------------------------------------|

|   | (i) | the                            area upon which the Sale Property was situated; |
|--------|-----|--------------------------------------------------------------------------------|

|   | (ii) | the                              area upon which the Sale Property was dismantled; and |
|--------|------|----------------------------------------------------------------------------------------|

|   | (iii) | any                              areas immediately adjacent to these specified areas, |
|--------|-------|---------------------------------------------------------------------------------------|

----

| (j) | Without                  limiting the generality of clauses 4.3(h) and 4.3(i), the Purchaser                  must                  remove and/or make safe any structures which are ancillary to or                  associated with the Sale Property and whether previously required                  to                  support the Sale Property or otherwise. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (k) | The                  Purchaser must ensure, and cause its Personnel to ensure, that                  any damage                  done to the Mine and the Mine Site Owner’s structures and infrastructure                  as a result of the Purchaser's or its Personnel's activity (including,                  but                  not limited to, roads and overhead power lines) is rectified at                  the                  Purchaser’s cost. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**5.**
**LIABILITY        AND INDEMNITY**
** **

**5.1    **
**Indemnity**
** **

| (a) | The                  Purchaser will indemnify the Vendor against any Claim or Loss suffered                  or                  incurred by the Vendor (including Claims made against the Vendor                  by third                  parties) in relation to: |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | a                              failure by the Purchaser to comply with its obligations                              under this                              Agreement; and |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | any                                damage caused to the Mine or any property at the                                Mine due to the                                dismantling or removal of the Sale Property by the                                Purchaser or by any                                third party. |
|--------|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii) | claims                                by any person against the Vendor in respect of personal                                injury or death or                                loss of or damage to any property due to the dismantling                                or removal of the                                Sale Property by the Purchaser or by any third                                party. |
|--------|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | Any                  action by the Vendor against the Purchaser for any Claim or Loss                  suffered                  or incurred by the Vendor (including Claims made against the Vendor                  by                  third parties) must be notified in writing on or before the date                  being 3                  years after the Agreement Date. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d) | Notwithstanding                  anything to the contrary in this Agreement, the Purchaser will                  not be                  responsible for and shall have no liability for any clean-up,                  decontamination, remedial action or making good under any environmental                  legislation in relation to the Mine (including the area referred                  to in                  clause 4.3(i)): |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | existing                              before the Commitment Date; or |
|--------|-----|----------------------------------------------------------------------|

|   | (ii) | except                                to the extent specifically set out in the Cleanup                                Requirements as listed                                in Schedule 3. |
|--------|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (iii) | resulting                                from the act or omissions of third parties not acting                                on behalf of the                                Purchaser. |
|--------|-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**5.2    **
**Vendor        not liable**
** **

| (a) | that                  is directly or indirectly caused by: |
|-----|------------------------------------------------------------|

|   | (i) | the                              Sale Property or any inadequacy for any purpose or                              any defect in it or the                              use of such Sale Property by the Purchaser; |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | the                                performance (or any lack thereof) in respect of the                                Sale Property or any                                part of it; or |
|--------|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | in                  relation to any repairs, servicing, maintenance or adjustments                  to the Sale                  Property or in relation to any delay in providing the same or in                  relation                  to any interruption to or loss of use of the Sale Property by the                  Purchaser for any reason; and |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | in                  relation to the state of repair or condition of or any other matter                  concerning the Sale Property, unless as a result of damage to the                  Sale                  Property resulting from the Vendor's or Vendors Personnel's negligence                  or                  misconduct. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**5.3    **
**No        entitlement for Purchaser to Claim**
** **

| (a) | any                  error, misstatement or omission in the description or particulars                  of the                  Sale Property; |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | any                  liability, obligation, requisition, direction, recommendation or                  notice                  relating to the Sale Property; |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d) | any                  matter upon which, in this Agreement: |
|-----|------------------------------------------------------------|

|   | (i) | the                              Vendor gives no warranty; |
|--------|-----|------------------------------------------------------------|

|   | (ii) | the                                Purchaser states that it has not relied, including                                any statement,                                representation or warranty; or |
|--------|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (e) | anything                  to do with the Sale Property that is specified in clause 3 as a                  matter                  that the Purchaser acknowledges or provides a warranty in relation                  to. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**6.        **
**INSURANCE**

| (a) | The                  Purchaser shall, and shall procure that any third party contractors                  engaged to perform the Removal do, obtain, maintain and pay for                  the                  following insurances: |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | Workers'                              Compensation Insurance including common law cover which                              shall comply with                              the laws for the time being in force in the Northern                              Territory of                              Australia; |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | Comprehensive                                General Public Liability (Bodily Injury and Property                                Damage) Insurance                                with the Vendor named in the schedule for their respective                                rights and                                interests as Principal. The limit of such insurance                                shall not be less than                                $5,000,000. |
|--------|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | Upon                  request by the Vendor or the Mine Site Owner from time to time                  the                  Purchaser will provide to the Vendor or the Mine Site Owner copies                  of the                  insurance policies referred to in clause 6(a) and certificates                  and other                  evidence including policy numbers, names of insurers and the expiration                  dates of the policies to enable the Vendor or Mine Site Owner to                  determine                  whether the policies meet the requirements of clause 6(a), premiums                  have                  been paid and the policies are being properly maintained. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**7.**
**DEFAULT**
** **

**7.1    **
**Failure        to pay Purchase Price or remove Sale Property**

| (a) | If                  the Purchaser fails to pay the Purchase Price (or any component                  thereof)                  in accordance with clause 2, or to remove all of the Sale Property                  within                  the time specified in clause 4.3(g)(i), the Vendor may, after providing                  the Purchaser with seven days written notice to rectify its default                  and                  the Purchaser having failed to do so, do any one or more of the                  following: |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | issue                                proceedings against the Purchaser for recovery of                                the balance of the                                purchase price and/or for damages for breach of                                contract; |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | in                                  the event of failure to pay in accordance with                                  Clause 2, within 30 days of                                  the Vendor giving notice thereof to the Purchaser,                                  resell the remaining                                  Sale Property or cause it to be resold by auction                                  or by private sale; |
|--------|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii) | except                                  as permitted hereunder, store the remaining Sale                                  Property, or cause the                                  remaining Sale Property to be stored, at the Purchaser's                                  risk and expense;                                    |
|--------|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iv) | in                                    the event of failure to pay in accordance with                                    Clause 2, within 30 days of                                    the Vendor giving notice thereof to the Purchaser,                                    destroy or otherwise                                    dispose of the remaining Sale Property;                                    and |
|--------|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (v) | in                                    the event of failure to pay in accordance with                                    Clause 2, within 30 days of |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   |   |  the                                  Vendor giving notice thereof to the Purchaser,                                  retain the remaining Sale                                  Property. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (b) | If                    the Vendor takes action under clause 7.1(a), the Vendor shall                    be entitled                    to recover from the Purchaser all costs associated with any insurance,                    transport and storage. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**8.**
**APPROVALS**

**9.        **
**GOODS        AND SERVICES TAX**
** **

**9.1    **
**Definitions**
** **

**9.2    **
**Interpretation**
** **

**9.3    **
**GST        Exclusive Amounts**
** **

**9.4    **
**Payment        of GST**
** **

| (a) | a                  recipient of a taxable supply under or in connection with this                  Agreement                  must pay to the supplier, in addition to the GST exclusive consideration                  for the taxable supply, an amount equal to any GST paid or payable                  by the                  supplier in respect of the taxable supply; and |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | the                  recipient must make that payment to the supplier as and when the                  GST                  exclusive consideration or part of it is provided, except that                  the                  recipient need not pay unless the recipient has received a tax                  invoice (or                  an adjustment note) for that taxable supply. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**9.5     **
**Reimbursements**
** **

**10.        **
**NOTICES**
** **

**10.1     **
**How        to give a notice**
** **

| (a) | in                  writing, signed by or on behalf of the person giving it; |
|-----|------------------------------------------------------------------------------|

| (b) | addressed                  to the person to whom it is to be given; and |
|-----|-------------------------------------------------------------------------|

| (c) | either: |
|-----|---------|

|   | (i) | delivered                                  or sent by pre-paid mail (by airmail, if the addressee                                  is overseas) to                                  that person's address; or |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | sent                                    by fax to that person's fax number and the machine                                    from which it is sent                                    produces a report that states that it was sent                                    in full. |
|--------|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**10.2    **
**When              a notice is given**
** **

| (a) | if                  it is delivered or sent by fax: |
|-----|-----------------------------------------------------|

|   | (i) | by                                    5.00 pm (local time in the place of receipt)                                    on a Business Day - on that                                    day; or |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | after                                      5.00 pm (local time in the place of receipt)                                      on a Business Day, or on a                                      day that is not a Business Day - on the next                                      Business Day; and |
|--------|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | if                  it is sent by mail: |
|-----|-----------------------------------------|

|   | (i) | within                                    Australia - 3 Business Days after posting; or |
|--------|-----|-----------------------------------------------------------------------------------------|

|   | (ii) | to                                      or from a place outside Australia - 7 Business                                      Days after posting. |
|--------|------|-------------------------------------------------------------------------------------------------------------------------------------------------|

----

**10.3    **
**Address              for notices**
** **

| **Vendor:**             |                                                        |
|------------------------------|-------------------------------------------------------------|
| Address:                     | Tanami                  Gold NL                             |
|                         | Level                  4, 50 Colin Street,                  |
|                         | West                  Perth, WA 6005                        |
| Fax                  number: | (08)                  9212 5900                             |
| Attention:                   | Denis                  Waddell                              |
|                         |                                                        |
| **Purchaser:**               |                                                        |
| Address:                     | Goldbelt                  Resources Limited,                |
|                         | Sterling                  Tower, 372 Bay Street, Suite 1201 |
|                              | Toronto,                  Ontario, Canada, M5H 2W9          |
| Fax                  number: | (416)                  364 7120                             |
| Attention:                   | Collin                  Ellison                             |

**11.        **
**GENERAL**
** **

**11.1    **
**Force        Majeure**

|   | In                  the event that the obligations of a Party are affected by a Force                  Majeure                  Event then that Party must give immediate notice of the event to                  the other                  Party and use its best endeavours to remove, overcome or minimise                  the                  effect of the Force Majeure Event as quickly as possible. The Parties                  undertake to consult in good faith to agree such actions as may                  be                  necessary to overcome the effects occasioned by a Force Majeure                  Event. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**11.2     **
**Governing        law**
** **

| (a) | This                  Agreement is governed by the law in force in Western Australia. |
|-----|---------------------------------------------------------------------------------------|

| (b) | Each                  party submits to the non-exclusive jurisdiction of the courts exercising                  jurisdiction in Western Australia, and any court that may hear                  appeals                  from any of those courts, for any proceedings in connection with                  this                  Agreement, and waives any right it might have to claim that those                  courts                  are an inconvenient forum. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**11.3        **
**Liability        for expenses**
** **

| (a) | Subject                  to clause 11.2(b), each party must pay its own expenses incurred                  in                  negotiating, executing and registering this document. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | The                  Purchaser must pay any stamp duty assessed on this Agreement. |
|-----|------------------------------------------------------------------------------------|

----

**11.4        **
**Giving        effect to this Agreement**
** **

**11.5        **
**Waiver        of rights**
** **

| (a) | no                  other conduct of a party (including a failure to exercise, or delay                  in                  exercising, the right) operates as a waiver of the right or otherwise                  prevents the exercise of the right; |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | a                  waiver of a right on one or more occasions does not operate as                  a waiver of                  that right if it arises again; and |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | the                  exercise of a right does not prevent any further exercise of that                  right or                  of any other right. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------|

**11.6        **
**Operation        of this Agreement**
** **

| (a) | This                  Agreement contains the entire agreement between the parties about                  its                  subject matter. Any previous understanding, agreement, representation                  or                  warranty relating to that subject matter is replaced by this Agreement                  and                  has no further effect. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | Any                  right that a person may have under this Agreement is in addition                  to, and                  does not replace or limit, any other right that the person may                  have. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | Any                  provision of this Agreement which is unenforceable or partly unenforceable                  is, where possible, to be severed to the extent necessary to make                  this                  Agreement enforceable, unless this would materially change the                  intended                  effect of this Agreement. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**11.7        **
**Operation        of indemnities**
** **

| (a) | Each                  indemnity in this Agreement survives the expiry of this Agreement                  for a                  period of 2 years. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | A                  party may recover a payment under an indemnity in this Agreement                  before it                  makes the payment in respect of which the indemnity is given. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**11.8        **
**Consents**
** **

----

| (a) | agree                  or consent, or not agree or consent, in its absolute discretion;                  and |
|-----|--------------------------------------------------------------------------------------------------------------|

| (b) | agree                  or consent subject to conditions, |
|-----|----------------------------------------------------------|

**11.9**
**Inconsistency        with other documents**
** **

**11.10        **
**Time        is of the essence**
** **

**11.11        **
**Counterparts**
** **

**11.12        **
**Attorneys**
** **

**EXECUTED**
** **

| **SIGNED**                  by **Tanami                  Gold NL**in                  the presence of: |         |                          |
|--------------------------------------------------------------------------------------------------------|--------------|-------------------------------|
| Director                                                                                               |         | Secretary                     |
|                                                                                                   |         |                          |
| Name                                                                                                   |         | Name                          |
| DENNIS                  WADDELL                                                                        |    | JOHN                  TRAICOS |

| **SIGNED**                  by **Goldbelt                  Resources (West Africa)****SARL**in                  the presence of:   |    |                    |
|-----------------------------------------------------------------------------------------------------------------------------------------|--------------|------------------------------|
| Director                                                                                                                                |         | CFO                          |
|                                                                                                                                    |         |                         |
| Name                                                                                                                                    |         | Name                         |
| COLLIN                  ELLISON                                                                                                         |         | HEMDAT                  SAWH |

----

**SCHEDULE        1**
**        - SITE ENTRY CONDITIONS**

**INSPECTION/REMOVAL        OF SALE PROPERTY **

**Site        Access for Removal: **

**Removal        of Other Items: **

----

**Major        Dismantling: **

**Mobile        Plant: **

----

**SCHEDULE        2 - ENVIRONMENTAL REQUIREMENTS**

**Refuse**
** **

**Chemical        and Hydrocarbons (oil, fuel, lubricants)**

**Fire**

----

**Vegetation        and Land: **

**Vehicles        and Equipment**
** **

----

**SCHEDULE        3 - CLEANUP REQUIREMENTS**

| (a) | remove                  from the Mine, all items of plant, equipment, structures (other                  than                  concrete and underground pipework and electrical cable), machinery                  and                  scrap that forms part of the Sale Property;** ** |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | leave                  the area referred to in clause 4.3(i) of the Agreement in a clean                  rubbish                  free condition with only clean concrete and underground pipework                  and                  electrical cable structures remaining; |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | collect                  and dispose of all hazardous wastes removed during dismantling                  of the Sale                  Property; |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------|

| (d) | collect                  and dispose of offsite, all hydrocarbons removed during dismantling                  of the                  Sale Property in accordance with the prevailing regulatory procedures                  for                  a NT mine site and in consultation with the Mine Site Owner's nominated                  representative. Should hydrocarbon spillage occur, removal of contaminated                  material to a designated bioremediation site will be undertaken                  by the                  Purchaser and the contaminated material treated; |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (e) | collect                  and dispose of inert waste removed during dismantling of the Sale                  Property                  and clean up materials to a designated area within the tailings                  dam; and |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (f) | clean                  all items leaving the site to remove all accretions to ensure off                  site                  contamination cannot occur. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (g) | repair                  any damage caused to property of the Mine Site Owner or to public                  roads or                  infrastructure by trafficking of plant, equipment or structures                  to or from                  the Mine. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**SCHEDULE        4 - SALE PROPERTY**

**BROCKS        CREEK ASSET LIST **

----