Exhibit 10.34


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                             AGREEMENT FOR SALE AND

                              PURCHASE OF SHARES IN

                           HELONGJIANG SAVOY MINERLAS

                                   CO. LIMITED



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(1)  Savoy Resources Corporation, a Colorado corporation having its principal
     place of business at 18826 Pagentry Place, Monument, Colorado 80132, USA
     duly represented by Mr. Arthur Johnston its Chief Executive Officer ("the
     Vendor")

AND

(2)  Black Dragon Resources Ltd. a Mauritius GBC2 company having its registered
     office C/o Lion International Management Ltd. 3rd Floor, Wing B. Cyber
     Tower, Ebene, Mauritius duly represented by M. Christopher Harborne its
     director ("the Purchaser")

Hereinafter referred to as the Vendor and the Purchaser respectively and
sometimes collectively referred to as the "Parties')

BACKGROUND

A.   The Vendor is a party to a Joint Venture Agreement (JVA) dated 20 May 2004
     with The First Institute of Geological Exploration of Hellongjiang Province
     (hereafter referred to as "FGI"), a Chinese legal entity established and
     existing under the laws and regulations of the People's Republic of Chine
     (hereinafter referred to as 'China') and having its legal address at No. 25
     Xiangyang Street, Mudanjiang City, Hellongjiang province. China.

B.   The Vendor and FGI have formed a Joint Venture Enterprise (as defined in
     the JVA) in accordance with the provisions of the JVA and the terns set out
     in Appendix A to the JVA. The said JVA together with all its Appendixes
     and/or Annexes are attached to this agreement (Schedule 1} and form and
     integral part thereof.

C.   The Joint Venture Enterprise is named Hellongjieng Savoy Minerals Co. Ltd.
     or _______ in the Chinese language, ("the Company")

D.   The Company which has its registered office at Flat 301-304, No. 25
     Xiangyang Street, Mudangjiang City, Heilonhliang province, China has a
     registered capital of RMB 43,000,000.00 Yuan of which 40% equity
     (hereinafter referred to an the Shares and defined as specified hereunder)
     are currently held by the Vendor.



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E.   The Vendor has received a notice of default from FGI under the JVA for
     having failed to meet its contribution commitment.

F.   The default has not been remedied in due time and the Vendor wishes to
     withdraw from the Company.

G.   The Vendor therefore wishes to sell and the Purchaser wishes to purchase,
     the Shares for the consideration and on the terms and conditions set out in
     this agreement.

TERMS AND CONDITIONS

1. DEFINITIONS AND CONSTRUCTION

1.1      Defined Terms

In this agreement, unless the context requires otherwise:

Assets means the assets of the Company including without limitation the
exclusive rights and licences (as defined in the JVA) to explore and develop the
Sishan Forest Farm area, access to the exploration and development of all
minerals in Hellongjiang Province and to the geological data (as defined in the
JVA database of FGI and the assets listed in Schedule 2.

Business means the business of the Company.

Business Day means any day other than a Saturday, Sunday or statutory holiday in
China.

Business Premises means all the land and buildings owned, occupied or used by
the Company in connection with the Business.

Company Accounts means the audited management accounts of the Company for the
year ended 31st December 2005 forming part of the Company Accounts.

Company Accounts Balance Sheet Date means 31st December 2005.

Encumbrance means any mortgage, lien, charge, pledge, security interest or other
encumbrance.

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Intellectual Property means all intellectual and industrial property rights and
interests (including common law rights and interests) owned or held by the
Company or used by it in connection with the Business;

Interim Period means the period from the date of this agreement to the
Settlement Date (both dates inclusive);

Settlement means settlement of the purchase of the Shares by the Purchaser;

Settlement Date means the date falling 5 Business Days after the date on which
the conditions set out in clause 4.1 are satisfied or waived in accordance with
clause 5 or such other date as the Vendor and the Purchaser may agree upon in
writing and in any event not later than 15th June 2006;

Shares means the equity held by the Vendor in the Company and approved by the
government authority (Bureau of Industry and Commerce Administration)

Tax includes any present or future tax, levy, impost, duty, charge, fee,
deduction, premium or withholding of any nature and whatever called, imposed or
levied by any governmental agency together with any interest, penalty, fine,
charge, fee, or other amount imposed or made on or in respect of any of the
foregoing, and Taxation and Taxes will be construed accordingly;

Warranties means the warranties and representations set out in Schedule 4 given
by the Vendor to the Purchaser and includes the indemnity and undertakings in
clause 10.

1.2   Construction
In the construction of this agreement, unless the context requires otherwise:

Background, clauses and Schedules: references to Background, clauses and
Schedules are to background, clauses and schedules of this agreement and unless
stated otherwise, a reference in a schedule to a clause is a reference to a
clause in that schedule;

Business Days; anything required by this agreement to be done on a day which is
not a Business Day will be done and be valid if done on the next succeeding
Business Day;

Headings: the headings and sub-headings appear as a matter of convenience and
will not affect the construction of this agreement;

Parties; references to any party include its directors, nominees, officers,
shareholders, administrators, agents and successors and any permitted assigns



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of that party and where any party comprises more than one person that party will
mean each of those persons jointly and severally;

Person: a reference to a person includes 3 reference to a body corporate, to a
Governmental Agency and to an unincorporated body of persons;

Singular, Plural and Gender: the singular includes the plural and vice vena, and
words importing any gender include the other genders;

Statutes and Regulations: a reference to an enactment or any regulations is a
reference to that enactment or those regulations as amended, or to any enactment
or regulations substituted for that enactment or those regulations.

2.  AGREEMENT FOR SALE AND PURCHASE

2.1  Agreement to Sell
The Vendor win sell, and the Purchaser will purchase, the Shares (or the
consideration and on the terms and conditions set out in this agreement.

2.2  Entitlements with Shares
The Shares will pass to the Purchaser together with all rights, entitlements and
privileges now or hereafter becoming attached to them including but not limited
to me rights under the JVA and the addendums thereto and the rights and interest
in the Company.

3. THE PURCHASE PFIICE

3.1  The Purchase Price
The purchase price for the Shares will be US $ 250,000.00 (United States Dollars
Two Hundred and Fifty Thousand)

3.2  Payments
The Purchaser will pay or satisfy the purchase price to the Vendor in the
following manner:

    3.2.1 the sum of US $50,000 upon approval by the board of the Vendor of the
          present agreement and upon the Purchaser receiving satisfactory
          evidence thereof.

    3.2.2 the balance of US $200,000 upon completion of the transfer and
          registration of the Vendor's shares in favour of the Purchaser
          including but not limited to the delivery of the share certificates
          held by the Vendor, declarations for the transfer of shares signed by
          the Vendor, written resignations of all nominees of the

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Vendor on the board of directors of the Company, written approval of the present
transaction by any government structure of China;

3.3   Exclusivity and Confidentiality
In consideration of the Purchaser paying the sum of US $ 50,000 referred to in
clause 3.2.) the Vendor agrees that from the data of this agreement, until the
date filling 3 months following the data of this agreement, the Vendor will not
enter into or engage in any discussions or negotiations with any other third
party regarding the sale of the Business or all or part of the shares in the
Company and that the Vendor will maintain the present agreement confidential in
accordance with the terms of clause 13.2 hereunder.

4    CONDITIONS

4.1  Conditions
This agreement is conditional on:

    4.1.1 Due Diligence: The Purchaser conducting a due diligence (tax, legal
          and accounts verification) of the Company and being satisfied in all
          respects with the results of that due diligence;

    4.1.2 FGI: The Purchaser obtaining in writing, approval by FGI of the
          proposed transfer of the Shares and other warranties and undertakings
          including but not limited to confirmation by FGI that

          (a)  the Company is in good standing and will continue in force
               notwithstanding the transfer of the Shares:
          (b)  the Company holds valid licences and exclusive exploration
               licences and rights to explore and develop the Sishan Forest Farm
               area, access to the exploration and development of all minerals
               in Heilongjiang Province and to the geological database of FGI;
          (c)  all rights, licences, authorisations and permits held by the
               Company will not be affected in any way and for any reason
               whatsoever owing to the transfer of the Shares and/or to the
               change of name, of the Company.

    4.1.3 Consent of Authorities: The Vendor obtaining any necessary consent
          (in writing) of any government or authority (Chinese, US or elsewhere)
          for the sale of the Shares to the Purchaser, such consent to be on
          terms reasonably acceptable and in a form approved by the Purchaser
          this also includes the registration

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filing and recording of this agreement with any such government or authority if
applicable.

    4.1.4 Board Approval: The Vendor securing the approval of its Board of
          directors in accordance with the Vendor's constitution. A meeting to
          that effect shall be called as soon as practicable after the date of
          this agreement, the minutes of each meeting shall inter alla, specify,
          that the Board is duly empowered to enter into this contract, as well
          as the name of signatory to whom authority has been delegated to sign
          this agreement.

5    SATISFACTION OP CONDITIONS

5.1  Data for Satisfaction
The date for satisfaction of the conditions in:

     5.1.1 clauses 4.1,1 end 4.1.2 is 28 April 2006;

     5.1.2 clause 4.1.3, 4.1.4 is 28 April 2006;

or such other date that this Vendor and the Purchaser either generally or in any
particular case may agree upon in writing.

5.2  Reasonable Endeavours
The Vendor and the Purchaser will each use best efforts to procure the
satisfaction of the conditions in clause 4.1 and each will keep the other fully
informed as to progress in procuring this satisfaction of conditions.

5.3  Waiver
The Vendor acknowledges that the conditions contained in clause 4.1 have been
inserted solely for the protection of the Purchaser and the Purchaser may in its
discretion waive any or all of such conditions.

5.4  Effect of Failure to Satisfy Conditions
If:

    5.4.1 any of the conditions in clause 4.1 is not satisfied or waived within
          the time prescribed or agreed under clause 5.1; or

    5.4.2 any consent, approval or clearance that is to be obtained under any
          of the conditions in clause 4.1 is obtained subject to conditions
          which the Purchaser considers to be unacceptable; or


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then this agreement will be voidable at the election of the Purchaser by notice
in writing to the Vendor prior to that condition being satisfied or that
consent, approval or clearance being obtained to the satisfaction of the
Purchaser. On this agreement becoming void in these circumstances no party will
have any rights against or obligations to the others except that the Vendor
shall refund to the Purchaser the sum of USD 50,000 paid to the former in
accordance with clause 3.2.1.

6.   VENDOR'S PRE-SETTLEMENT OBLIGATIONS

6.1  Pre-Settlement Investigations
The Vendor will ensure that the Purchaser and its representatives are given full
access in normal business hours during the Interim Period to:

    6.1.1 the Business Premises, plant, machinery, equipment, books of account,
          files and records of the Company; and

    6.1.2 the Company's officers, employees and auditors;

for the purpose of establishing the financial and trading position of the
Company, conducting the due diligence referred to in clause 4.1.1 and becoming
familiar with the Business.

6.2  Conduct of the Company's Business during the Interim Period
The vendor must ensure that during the Interim Period the Company and, when
relevant, the board of directors of the Company will:

    6.2.1 Carry on Business: operate and conduct the Business and use the Assets
          in the ordinary course of business and in substantially the same
          manner as it has done so to date;

    6.2.2 Maintain Goodwill: use all reasonable efforts to preserve intact the
          good name and reputation of the Company and the Business as well as
          its customer, supplier and employee relationships;

    6.2.3 Sale of Assets: not dispose of any of the Assets other than in the
          ordinary course of business and for full value without first obtaining
          the Purchase's written consent;

    6.2.4 No Encumbrances: not create or permit any Encumbrances to arise over
          the Company or any of the Assets;

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    6.2.5 Insurance: maintain the insurance policy/les (if any) of the Business
          and the Assets properly on a full replacement basis against all risks
          normally insured against by persons carrying on businesses similar to
          that of the Company, and not do or allow any act or omission that
          might render such insurance void or voidable or otherwise terminate
          it;

    6.2.6 Capital Assets: not acquire, dispose of or enter into any transaction
          in connection with any capital assets which would commit the Company
          to expenditure of more than US $10,000 without first obtaining the
          Purchaser's written consent;

    6.2.7 Liabilities: not incur any financial obligation, whether direct,
          contingent, deferred or otherwise, or make any payment except in the
          ordinary course of business without first obtaining the Purchasers
          written consent;

    6.2.8 Contracts: not enter into any new contracts or arrangements or
          materially vary any existing contracts (other than In the ordinary
          course of business) without first obtaining the Purchaser's written
          consent;

    6.2.9 Claims: promptly notify the Purchaser of any lawsuits, claims,
          proceedings, investigations or adverse events which may occur, be
          threatened, brought, asserted or commenced against it, or any of its
          officers or employees involving the Company, the Business or the
          Assets in any way; and not admit, settle, compromise or otherwise deal
          with any such matter except in consultation with the Purchaser and
          with the Purchaser's prior written consent;

   6.2.10 Staff: not employ any new employees or change the basis of
          employment of any of the Company's employees, other than for routine
          replacement in the ordinary course of business of employees whose
          total employment cost to the Company will not exceed $80,000 per
          annum, without first obtaining the Purchaser's written consent;

   6.2.11 Constitution: not alter the Company's constitution without first
          obtaining the Purchaser's written consent;

   6.2.12 Share Capital: neither alter the Company's share capital from that
          described in Background A nor after any rights or restrictions
          attaching to any of the Shares;

   6.2.13 Distributions: not authorise any further dividends or make any
          further Distributions (whether of income or capital) or returns of
          capital to its shareholders or make any other advances to any
          shareholder or related person before the Settlement Date.

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7.   SETTLEMENT.

7.1  Time and Place of Settlement
Subject to this agreement becoming unconditional, settlement will take place on
the Settlement Date at the offices of the Company or any other place agreed upon
between the parties.

7.2  Settlement Obligations
Contemporaneously on the Settlement Date:

    7.2.1 the Vendor will deliver to, or where delivery is impracticable will
          place under the control of, the Purchaser;

          (a)  Fulfilment of Conditions: Evidence, satisfactory to the
               Purchaser, of the satisfaction of the conditions in clauses
               4.1.3, 4.1.4;

          (b)  Transfers: Duly executed transfers of the Shares In registrable
               form to the Purchaser;

          (c)  Share Certificates: The share certificates for the Shares, or if
               no share certificates have been issued, a certificate to that
               effect signed by a director of the Company and approved by the
               relevant authority;

          (d)  Directors' Resolution and Resignation of Directors and other
               Officers: A copy of a signed valid resolution of the directors of
               the Company, approving the transfer of the Shares and directing
               that the name or the Purchaser be entered in the Company's share
               register once the duly executed transfers have been delivered to
               the Company together with the written resignations of all
               nominees of the Vender on the board of directors of the Company
               or in any other capacity whatsoever, such resignations to take
               effect as at the Settlement date unless waived by the Purchaser
               and at no cost for the latter or the Company.

          (e)  Documents and Records:

               -    the constitution (including a certified translation thereof
                    In the English language) and certificate of Incorporation of
                    Company (or certified copies of those documents), minute
                    books of meetings of the directors and meetings the

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                    shareholders (in each case also containing any written
                    resolutions made), and all registers including the share
                    register, the register of directors, the register of charges
                    and the interests register;

               -    all material documents of title, leases, licences and
                    securities (whether negotiable or otherwise) and all agency
                    agreements which are in the possession, or under the
                    control, of the Company;

               -    all insurance policies, accounting records and other books,
                    documents and records relating to the affairs of the Company
                    which are in the possession, or under the control, of the
                    Company;

          (f)  Encumbrances: Evidence satisfactory to the Purchaser that the
               Shares and the Assets have been released and discharged as at the
               Settlement Date from any Encumbrances;

          (g)  Assets: All the Assets of the Company as defined in Clause 1.1
               and detailed in Schedule 2 including but not limited to
               geological charts of the areas in which exploration activities
               took place in various scales, geological samples in various
               scales, laboratory analysis, trenching data, shadow well and
               drilling data, any other data related to geology, geophysics,
               aerial data, geochemistry and remote sensing geological data.

     7.2.2 the Purchaser will:

     (a)  Purchase Price: pay the balance of the purchase price for the Shares
          In accordance with the provisions of clause 3.

All payments referred to in this clause 7.2 will be made in full in cleared
funds immediately available for disbursement, free of any form of deduction.

8    Loss, DESTRUCTION OR DAMAGE

8.1  Loss, Destruction or Damage
If on or before the Settlement Date any of the Assets is lost, destroyed or
damaged and such loss, destruction or damage has not been made good by repair or
replacement by the Settlement Date, then the following provisions will apply:

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    8.1.1 If the less, destruction or damage is on the Settlement Date
          sufficient to affect the Company materially in the carrying on of the
          Business as it was before the occurrence of the loss, destruction or
          damage, the Purchaser may:

     (a)  complete this purchase at the agreed purchase price, less a sum equal
          to the amount by which the insurance money (which the Purchaser is
          satisfied has been received or will be receivable by or on behalf of
          the Company in respect of such loss, destruction or damage) is
          insufficient to remedy the loss (including loss of profits),
          destruction or damage; or

     (b)  cancel this agreement by serving on the Vendor notice in writing
          whereupon the Purchaser will be entitled to the return of any money
          paid by the Purchaser and neither party will have any right or claim
          against the other;


    8.1.2 If the loss, destruction or damage Is on the Settlement Date
          insufficient to affect the Company materially in the carrying on of
          the Business the Purchaser will complete the purchase at the agreed
          purchase price less a sum equal to the amount of the diminution in
          value of the Business.

9    WARRANTIES

9.1  Vendor's Warrants
The Vendor gives the warranties set out in Schedule 4 to the Purchaser.

     9.2 Limitations on Warranties

          9.2.1 Time Limits: The Purchaser will not be entitled to make or
               pursue any claim for a breach of Warranty unless the Purchaser
               gives the Vendor written notice of the claim setting out all
               particulars of the grounds on which it is based. Insofar as any
               claim is made the notice must be given no later.

          9.2.2 Amounts of Claims: The Purchaser will not be entitled to make or
               pursue any claim for a breach of Warranty unless the amount of
               that claim exceeds $10,000.

9.3   Operation of Warranties
The Warranties are given on the date of this agreement and will be deemed to be
repeated on the Settlement Date with reference to the fact then existing.

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9.4   Qualifications
Where any of the Warranties to qualified by the expression "the best of the
Vendor's knowledge and belief" or any similar expression, that Warranty is
deemed to include an additional statement that it has been made after due,
diligent and careful enquiry and that the Vendor has used its best endeavours to
ensure that all information given in the Warranty is true, complete and accurate
in all aspects.

9.5   Conduct of the Company
The Vendor will ensure that the Company refrains from doing or omitting to do
any act or thing during the Interim Period which would render any of the
Warranties untrue if given at any time before the Settlement Date.

9.6   Obligation to Disclose
The Vendor will immediately disclose to the Purchaser any matter or thing which
arises, or becomes known to the Vendor during the Interim Period which is
inconsistent with any of the Warranties or which might render any of them
misleading to a purchaser for value of the Shares.

9.7   Breach of Warranties
If on or before the Settlement Date, it is found that any of the Warranties is
in any material respect, untrue, incorrect or unfulfilled, then the Purchaser
may by notice in writing to the Vendor cancel this agreement. However:

    9.7.1 the failure to exercise this right will not constitute a waiver of
          any other rights of the Purchaser arising from a breach of any such
          Warranty;

    9.7.2 the exercise of this right will b<< without prejudice to any other
          rights or remedies available to the Purchaser under this agreement,
          lit law or in equity.

10   VENDOR'S INDEMNITY AND UNDERTAKING

10.1   Indemnity
The Vendor will indemnity the Purchaser, FGI and the Company against any loss,
claim, damage, expense, liability or proceeding suffered or incurred (certain
and/or contingent) at any time by the Purchaser, FGI and the Company howsoever
arising and/or as a direct or Indirect result of any breach of any of the
Warranties or any of the Vendor's obligations or undertakings contained or
implied in this agreement.


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10.2  Effect of Failure to make full provisions for liabilities

    10.2.1 Defined Term: For the purposes of this clause 10.2, liability
          includes;

     (a)  all Taxes which the Company may have to pay for any period preceding
          the Company Accounts Balance Sheet Date or for any period between the
          Company Accounts Balance Sheet Date and the Settlement Date;

     (b)  any other amount arising out of or in relation to any event which
          happened oh or before the Company Accounts Balance Sheet Date or on or
          before the Settlement Date;

to the extent to which those Taxes or amounts were not fully provided for in the
Company Accounts or in the Company's financial records for the period from the
Company Accounts Balance Sheet Date to the Settlement Date.
Provision of or for, or reference to, any amount or liability by way of note to
any part of the Company Accounts or financial record for the period from the
Company Accounts Balance Sheet Date to the Settlement Data will not constitute a
provision of or for that amount in such accounts or records.

   10.2.2 Vendor to pay liabilities on demand: If it is discovered that a
          liability of the Company (whether contingent or otherwise) existed at
          me Company Accounts Balance Sheet Date but was not fully provided for
          in the Company Accounts, or existed at the Settlement Date but was not
          fully disclosed in the Company's financial records for the period from
          the Company Accounts Balance Sheet Date to the Settlement Date, then
          when the liability becomes due and payable, the Vendor will pay on
          demand to the Purchaser a sum equal to the amount of the liability in
          proportion to his shareholding.

   10.2.3 Purchaser's other rights not affected: The Purchaser's rights under
          this clause 10.2 will be without prejudice to any other rights or
          remedies available to the Purchaser under this agreement, at law or in
          equity.

11   VENDOR'S DEFAULT ON SETTLEMENT

11.1 Settlement Notice
If the Vendor (for reasons other than the default of the Purchaser) fails to
settle the sale in accordance with clause 7 on the Settlement Date, then the
Purchaser, by notice in writing, may require the Vendor to settle the sate
within 10 Business Days of receipt of the notice.


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11.2  Remedies
If the Vendor fails to comply with the terms of the Purchaser's notice (time
being of the essence) then without further notice and without prejudice to any
other rights or remedies available to the Purchaser at law or in equity, the
Purchaser may:

   11.2.1 sue the Vendor for specific performance; or

  11.2.2. cancel this agreement and require the Vendor to repay immediately
          to the Purchaser any money paid on account of the purchase price, with
          interest on such sum(s) at the prevailing legal rate calculated on a
          daily basis from the date or dates of payment by the Purchaser until
          repayment.

11.3 Purchaser may sue for specific performance without giving settlement notice

Nothing in this clause will preclude the Purchaser from suing for specific
performance without giving a Settlement Notice.

12     DEFAULT BY THE PURCHASER

12.1   Default Notice
if the Purchaser;

   12.1.1 fails to pay any part of the purchase price or any other payment
          under this agreement on the date it is due; or

   12.1.2 fails to perform or observe any other agreements or stipulations the
          Purchaser is required to perform or observe under this agreement.

then the Vendor, by notice in writing, may notify the Purchaser of the default
and require the Purchaser to remedy the default within 10 Business Days of
receipt of the notice,

12.2     Remedies
If the Purchaser falls to remedy the default within 10 Business Days of receipt
of the Vendor's notice (time being of the essence) then without further notice
and without prejudice to any other rights or remedies available to the Vendor at
law or in equity, the Vendor may:

   12.2.1 sue the Purchaser for specific performance, including payment of the
          unpaid balance of the purchase price which, on the Purchaser's failure
          to remedy the default in terms of the Vendor's notice, will be


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          deemed to have become immediately due and payable, even though the due
          date for payment may not have arrived; or

   12.2.2 cancel this (agreement and pursue all or any of the following
          remedies:

     (a)  forfeit and retain for the Vendor's benefit as liquidated damages any
          sum paid by the Purchaser to the Vendor under this agreement;

     (b)  re-enter upon and take possession of the Business Premises;

     (c)  resell the Stares or any part of the Shares on such terms and
          Conditions as the Vendor thinks fit.

13   MISCELLANEOUS CLAUSES

13.1 Notices
If any party wishes to give to or serve on another part/ any notice, claim,
demand or other communication (notice) under or in connection with this
agreement, the notice will be sufficiently given or served if addressed to that
party and delivered to the address of that party stated below, or in each case
to such other address as trust party will have notified to the other parties for
the purpose of this agreement. Any notice given under this agreement will be
deemed given or served when so delivered personally or the next business day if
sent by facsimile transmission or on the fifth Business Day if sent by express
courier.

Vendor:           Savoy Resources Corporation
                  18826 Pagentry Place
                  Monument, Colorado 60132
                  USA
Attention.        The Chief Executive and Financial Officer


Purchaser:        Black Dragon Resourcss Ltd
                  C/o Lion International Management Ltd
                  3rd Floor, Wing B, Cyber Tower
                  Ebene, Mauritius

Attention:        M. Christopher Harbome

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13.2       Confidentiality
Both parties undertake to treat this agreement and the contends thereof as
strictly private and confidential and agree not to divulge any information in
relation thereto to any third party (except as may be required by law or by any
Stock Exchange) without the written consent of the other party.

13.3       Further Assurances
Each of the parties agrees to execute and deliver any documents, including
transfers of title, and to do all things as may reasonably be required by the
other obtain the full benefit of this agreement according to its true intent.

13.4       No Waiver
No failure, delay or indulgence by any party in exercising any power or right
conferred on that party by this agreement will operate as a waiver of such power
or right. Nor will a single exercise of any such power or right preclude further
exercises of that power or right or the exercise of any other power or right
under this agreement.

13.6      No Assignment
Neither party may assign any of its rights, duties or obligations under or in
terms of this agreement to any other party without the prior written consent of
the other party save that the Purchaser may assign such rights, duties and
obligations to one of its associated or subsidiary companies.

13.6     Sevarability
If any part of this agreement b held by any court or administrative body of
competent jurisdiction to be illegal, void or unenforceable, such determination
will not impair the enforceability of the remaining parts of this agreement
which will remain in full force and effect.

13.7     Entire Agreement
This agreement constitutes the entire agreement between the parties on the sale
and purchase of the Shares; it supersedes and extinguishes all earlier
negotiations, understandings and agreements, whether oral or written, between
the parties relating to the sale and purchase of the Shares and/or the Business
and/or the Assets.

13.8     Governing Law/ Dispute and Arbitration
The present agreement shall be governed by the laws of Mauritius and all parties
submit themselves to the exclusive jurisdiction of the Mauritian Courts.

All disputes arising in connection with the present agreement shall be finally
settled under the Rules of Concilation and Arbitration of the Permanent

                                                                              17
<PAGE>



Commercial Arbitration Court of the Mauritius Chamber of Commerce and industry
by three Arbitrates appointed in accordance with said rules.

The Arbitration proceedings shall take place at Port-Louis, Mauritius and the
language used during the arbitral proceedings shall be English.

13.9     Counterparts
This agreement may be executed in two or more counterparts, each of which will
be deemed an original, but all of which together will constitute the same
instrument.

13.10    Non variation
No alteration or variations of this Agreement shall be of force or effect unless
reduced to writing and signed by the parties or their duly authorised
representatives.

13.11    Costs
Except as otherwise provided in this agreement, the parties will meet their own
costs relating to the negotiation, preparation and implementation of this
agreement






                                                                              18

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IN WITNESS WHEREOF, The parties have caused 3 copies of this Agreement to be
executed by their duly authorised officers on the dates and at the places
indicated below.






Signed at Johannesburg    on this 8th Day of March, 2006
         -----------------        ----       -------

Savoy Resources Corporation by:

/s/ Arthur Johnson
----------------------------------------
Chief Executive  and Financial Officer/
Director


(duly authorised thereto)







Black Dragon Resources Ltd
Signed by Christopher Harborne

/s/ Christopher Harborne
--------------------------------------
Director


(duly authorised thereto)




                                                                              19
<PAGE>



SCHEDULE 1: JOINT VENTURE AOREEMENT BETWEEN THE FIRST GEOLOGY EXPLORATION OF
HEILONOJIANG PROVINCE AND SAVOY RESOURCES CORPORATION










                                                                              20

<PAGE>


SCHEDULE 2: ASSETS

(clause 1)

All the assets of the Company at the close of business on the Settlement Date
including, but not limited to:

All real property and leases of real property, in each case together with all
buildings, fixtures and other appurtenances;

All plant, machinery, equipment supplies and office furniture;

All motor vehicles;

All stock on hand;

All accounts and other receivables and all cash and cash equivalents on hand and
banks;

The Intellectual Property;

All rights under all contracts, agreements, teases, licences, sales and purchase
orders and other commitments.

All books of account records, files, invoices, customer and supplier lists and
other information relating to the Company or employed in the Business;

All other assets, rights, interests and claims of every kind, real or personal,
tangible or intangible, including without limitation, all assets used in the
operation of any business carried on by the Company.

All assets listed in the attached assets register.






                                                                              21
<PAGE>


SCHEDULE 3:   COMPANY ACCOUNTS












                                                                              22
<PAGE>



SCHEDULE 4: WARRANTIES (Clauses 1 to 9)

1    Full Authority

The Vendor is duly authorized to enter into and perform this agreement, and this
agreement is the legal, valid and binding agreement of the Vendor enforceable
against the Vendor in accordance with its terms.

2    Company
2.1  The capital of the Company is accurately described in Background D

2.2  There are no outstanding options or agreements which entitle any person to
     subscribe for or otherwise be allotted shares in the capital of the
     Company.

2.3  The Shares confer 40%% of the voting power at a general meeting of the
     Company and entitlement to distribution of 40% of the net profits of the
     Company.

2.4  No meeting has been convened or resolution proposed, or statement of claim
     or other proceeding presented or notice issued which contains grounds, and
     no order has been considered or made, for the liquidation of the Company.
     No distress, execution or other similar order or process has been levied or
     threatened or issued and may be levied on any of the property of the
     Company. No voluntary arrangement has been proposed or reached with any
     creditor of the Company. No receiver or liquidator or other statutory
     officer or officer of the Court has been appointed in relation to the
     Company.

3.   Unencumbered Property
The Shares will at Settlement be sold, free of all Encumbrances.

The Assets are the exclusive and absolute property of the Company and will at
Settlement be free of all Encumbrances.

The Assets comprise all of the assets used {as at the Settlement Date)in
connection with this Business and constitute all of the assets which are
necessary to allow the Company to fully and effectively conduct the Business in
the same manner and extent as conducted by the Company as at the date hereof.


                                                                              23
<PAGE>



4    Full Disclosure
All information relating to the Company, which is or might be material for the
reasonable evaluation of the financial condition, profitability or prospects of
the Company or value of the Shares, has been fully and accurately disclosed to
the Vendor in a manner which would not mislead a reasonable purchaser as to the
Vendor of the Company.

4.1  The advice, answers to questions, information, books and records given or
     shown to the Vendor is accurate and not misleading in its form and/or the
     context in which it is provided and is not misleading by reason of the
     omission of any particular which is material to any such information in the
     form and context which that information is provided.

5    Company Accounts
The audited financial statements of the Company for the year ended 31 December
2005 and the Company Accounts have been prepared in accordance with
international accounting standard and so as to give a true and fair view of the
matters to which they relate.

6    Books and Records
The Company holds, and has fully and accurately maintained, all records,
statutory books and books of account which it is bound by law to keep or to
hold.

7.   Territorial/Government Authority Requisitions
The Company has not received any notice nor has the Company any knowledge of any
requisition or outstanding requirement of any territorial or government
authority in respect of the Business or any of the Assets or of any pending or
threatened requisition or requirement.

8.   Statutory Compliance, Approvals and Contents
8.1  The Company has not failed to comply in any material way with applicable
     laws, orders, rules, regulations and by-laws which would adversely affect
     the Business or any of the Assets to a material extent.

8.2  The Company holds all licences, approvals, authorisations and consents
     which are required to enable the Company to carry on the Business fully and
     effectively. The Company is not carrying on business in breach of the
     provisions of any such licences, approvals, authorisations or consents or
     of any conditions attaching to them, and has had no notice that any of
     these licences, approvals, authorisations or consents have been or are
     likely to be cancelled, refused or qualified in any way.


                                                                              24
<PAGE>




8.3  The sale of the Shares will not invalidate or in any other way adversely
     affect any of the licences, approvals, authorisations and consents referred
     to above.

9    Condition of Plant, Equipment and Machinery
The items of plant, equipment and machinery which form part of the Assets are in
good order and condition having regard to their age.

10   Asset Disposal and Acquisition
Since the Company Accounts Balance Sheet Date the Company has not disposed of
any of the Assets other than current assets disposed of in the ordinary course
of business, or acquired any assets other than current assets acquired in the
ordinary course of business of business, or made any loans.

11   New Liabilities, Capital Commitments
Since the Company Accounts Balance Sheet Date; there has been no material
adverse change in the financial position of the Company, there have been no
Distributions, the Business has been carried on in the ordinary course of
business, and the Company has neither incurred any financial obligation (whether
direct, contingent, deferred or otherwise) nor entered into any material capital
commitment.

12   Other Obligations
The Company is not affected by any material commitment or obligation which has
not been reflected in the Company Accounts or specifically approved by the
Purchaser in writing or specifically disclosed to the Purchaser before the date
of this agreement.

13   Insurance
13.1 All the Assets of an insurable nature are, and will until Settlement
     remain, insured on a full replacement basis against fire, earthquake and
     war damage and such other risks (including public liability) as it is
     commercially desirable to insure against having regard to the nature of the
     Business.

13.2 All premiums payable under the insurance policies taken out in connection
     with the Business and the Assets have been paid in due time, and nothing
     has been done or omitted which would make any insurance policy void or
     voidable.

13.3 No claim under any insurance policy taken out in connection with the
     Business and/or the Assets is outstanding and there are no circumstances
     likely to give rise to such a claim.

                                                                              25

<PAGE>

14   Proceedings or Pending Proceedings
The Company is not involved, whether as plaintiff or defendant or otherwise, in
any legal action, proceedings or arbitration whether in connection with the
Business or any of the Assets (other than normal debt collection by the Company)
or otherwise, and no prosecution, legal action, proceedings or arbitration of
material importance is threatened against the Company.

15   Name Protection
The Company has not resolved to change its name and has neither consented to the
adoption of a similar name by another person (other than the Purchaser).

16   Employees
16.1 All contracts of service between the Company and its officers and employees
     are determinable by not more than 3 months notice.

16.2 The Company is not a party to a contract or arrangement with any officer or
     employee of the Company under which that person is entitled to acquire or
     receive shares in the Company or to receive a share of income or profits or
     a bonus calculated on turnover, income or profits or any component of any
     of them, or any similar benefit other than profit share payable to those
     senior executives which have been disclosed to the Purchaser.

16.3 There are not now end will not on the Settlement Date be in existence any
     retirement, death or disability benefit schemes for officers or employees
     or obligations to or in inspect of any present or past directors or
     employees with regard to retirement, redundancy, death, sickness or
     disability pursuant to which the Company is or may become liable to make
     any payments.

16.4 Since the Company Accounts Balance Sheet Date the Company has not incurred
     any liability for redundancy payments or for compensation payments for loss
     of office or wrongful dismissal, or in respect of retirement, death,
     sickness or disability and no gratuitous or voluntary payment has been, or
     will be, made or promised by the Company in respect of any director or
     employee.

16.5 The Company has complied in all material respects with the provisions of
     all applicable industrial legislation and similar agreements.

16.6 Since the date of this agreement, no senior management staff employed by
     the Company in connection with the Business at that date have ten or given
     notice that they intend to leave the employment of the Company.


                                                                              26
<PAGE>



16.7 There are no loans or other financial accommodation owing to the Company by
     any officer or employee of the Company on Settlement.

17   No Industrial Disputes
The Company is not involved in any industrial or other dispute or negotiations
of material importance with any trade union, body of employees or employee.

18   Intellectual Properly
18.1 The Company has taken all steps necessary or desirable for the full
     protection of, and has full entitlement to use, all Intellectual Property
     owned, held or used by the Company in connection with the Business.

18.2 The operations of the Business does not infringe any patent, trade mark,
     service mark, copyright, Industrial design or any other right or interest
     of any kind vested in any other party or give rise to any royalty or
     similar payments to any other party.

18.3 The sale of the Shares by the Vendor will not cause the Purchaser to lose
     any benefits in relation to Intellectual Property, or increase the costs to
     the Purchaser of retaining any such benefits.

18.4 There has not been any unauthorised disclosure of any or the financial or
     other confidential information of the Business.

19   Contracts
19.1 No contract or arrangement to which the Company is a party will be
     determined or is able to be determined by a party other than the Company,
     and the Business will not lose the benefit of any right or privilege which
     it enjoys and which is material to the Business, or will be otherwise
     adversely affected, by the Vendor entering into and performing this
     agreement.

19.2 The Company is not knowingly in breach of any contract or arrangement to
     which it is a party; nor is the Company a party to any contract or
     arrangement which it knows may be void or voidable at the instance of any
     other party.

19.3 The Company is not a party to any long-term contract or to any contract of
     an unusual or abnormal nature or outside the ordinary course of the
     Business, or any contract which contains any onerous provision material for
     disclosure to an intending purchaser of the Company.


                                                                              27

<PAGE>
19.4 The Company is under no liability or obligation to guarantee, perform, or
     assume or provide funds to satisfy any obligation of any person. No letter
     of comfort has been given by the Company.


19.5 The Company is not a party to any contract or arrangement with the Vendor
     or any person related to or associated with any of the Vendor, or for the
     benefit of the Vendor or any such person which has not been specifically
     disclosed to the Purchaser before the date of this agreement in such a
     manner that the implications for the Company of such contract or
     arrangement would be evident to a reasonable Purchaser.

19.6 The Company has not made any offers, tenders or quotations which are still
     outstanding and capable of giving rise to a contract by the unilateral act
     of another person, other than in the ordinary course of business on
     customary and normal terms.

20   Business Premises
20.1 All leases of premises occupied by the Company are current, valid and
     enforceable leases providing secure tenure to the Company, and the Company
     is not in default under any such lease. The Company has no liability under
     any lease previously held by the Company or relating to its previous
     occupancy or entitlement to any property.

21   Taxation
21.1 Provision in Accounts: The provision for Tax included in the Company
     Accounts is sufficient to cover all Taxation for which the Company was at
     the Company Accounts Balance Sheet Date, or may after that date become or
     have become, liable:

21.1.1 on or in respect of or by reference to any profits, gains or income
     (Including deemed profits, gains or income) for any period ended on or
     before the Company Accounts Balance Sheet Date; or

21.1.2 In respect of any distribution or payment made or transaction or
     arrangement entered into, or event occurring, on or before the Company
     Accounts Balance Sheet Date.

21.2 Payments under deduction: All deductions or withholdings of Tax from
     distributions or payments (of any description or nature) by or to the
     Company to or from any person on or before Settlement which ought to have
     been made, have been so made, and:

21.2.1 the Company has (where required by law to do so) accounted to China
     Inland Revenue Department (or similar Authority) for any Tax so deducted or
     withheld by them on a timely basis and before additional tax or penalties
     or interest can accrue.


                                                                              28
<PAGE>
21.2.2 provision for the payment of the same at a future date has been made in
     the Company Accounts or the amounts that were deducted or withheld have
     been retained in full by and are available to the Company pending their
     payment to the China Inland Revenue Department.

21.3 Disclosure. The Company has complied with all the disclosure requirements
     specified in the China Income Tax Act or any other similar Tax legislations
     and any other Act or any regulation made under the Income Tax Acts or other
     Tax legislations and any other legislation where disclosures in relation to
     taxation are required.

21.4 Returns: The Company has, within the requisite time limits specified by
     legislation, duly made all returns, paid all amounts of Tax required to be
     made in respect of those returns, given all notices, made all elections,
     and supplied all required information to the China Inland Revenue
     Department or any other competent Tax authority in any part of the world,
     and all such returns, notices, elections end information were accurate in
     all material respects and made on the proper basis and are not, to the best
     of the Vendor's knowledge and belief, the subject of any dispute (whether
     initiated by a notice of proposed adjustment or assessment or otherwise) or
     likely to be the subject of any dispute with the relevant authorities.

21.5 Disputes: No relevant authority has issued a notice of proposed adjustment
     or demand or a new assessment or other written advice regarding or relating
     to the payment of or liability for any Tax or the reduction in any losses,
     credits or other relief against any the Company and no dispute with any
     such relevant authority is currently pending or ongoing.




                                                                              29
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