URANIUM POWER CORPORATION

                                     - and -

                           WESTERN CANADIAN MINT INC.

                                     - and -

       BULLION FUND INC., ANITA WALTER, BRENT WALTER, FRANK VAN DER VLIET,
                    ROBERTA VAN DER VLIET, JOHN GARDEN, LINDA

                            GARDEN AND REBECCA GODIN

                                    - and -

                         AMERICAN OILSANDS COMPANY INC.

                    AMENDMENT TO PURCHASE AND SALE AGREEMENT



                                November 25, 2004

<PAGE>

                    AMENDMENT TO PURCHASE AND SALE AGREEMENT

      THIS AMENDMENT is made as of the 25th day of November, 2004;

AMONG:

            URANIUM  POWER  CORPORATION,  a body  corporate  having an office in
            Vancouver, British Columbia (hereinafter the "PURCHASER")

AND:

            WESTERN  CANADIAN  MINT INC., a body  corporate  having an office in
            Calgary, Alberta (hereinafter "WCM")

AND:

            BULLION FUND INC., ANITA WALTER,  BRENT WALTER, FRANK VAN DER VLIET,
            ROBERTA VAN DER VLIET, JOHN GARDEN,  LINDA GARDEN AND REBECCA GODIN,
            a body  corporate  having an office in or  individuals  resident  in
            Calgary, Alberta (hereinafter individually referred to as a "VENDOR"
            and collectively referred to as the "VENDORS")

AND:

            AMERICAN OILSANDS COMPANY INC., a body corporate having an office in
            Calgary, Alberta (hereinafter "AOC")

WHEREAS:

A.    The Vendors are the registered and beneficial  owners of all of the issued
      and  outstanding  shares in the capital of WCM, and WCM is the  registered
      and  beneficial  owner of the sole  issued  and  outstanding  share in the
      capital of AOC; and

B.    The  Purchaser  and Vendors  wish to amend the  Closing  Date noted on the
      Purchase and Sale  agreement made as of the 8th day of November 2004 ("the
      Agreement")  to January  15,  2004 or such date as both  parties  mutually
      agree to.

NOW  THEREFORE,  in  consideration  of  the  respective  covenants,  agreements,
representations,  warranties and indemnities herein contained and other good and
valuable  consideration  (the  receipt  and  sufficiency  of  which  are  hereby
acknowledged)  the parties  hereby  covenant and agree as amend the Agreement as
follows:

      "CLOSING  DATE" means  January 15, 2005, or such other date as the parties
      may mutually agree upon;

NOTWITHSTANDING,  the above change,  all other terms of the Agreement  remain in
full force and effect and unamended.


<PAGE>

                                      -2-


      IN WITNESS  WHEREOF,  the parties hereto have duly executed this Agreement
as of the date first written above.



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<CAPTION>
<S>                                                        <C>
URANIUM POWER CORPORATION                                  WESTERN CANADA MINT INC.

Per:                                                       Per:
          ---------------------------------------------            ------------------------------------------


Per:                                                       Per:
          ---------------------------------------------            ------------------------------------------


BULLION FUND INC.                                          AMERICAN OILSANDS COMPANY INC.

Per:                                                       Per:
          ---------------------------------------------            ------------------------------------------


Per:                                                       Per:
          ---------------------------------------------            ------------------------------------------


-------------------------------------------------------    --------------------------------------------------
Witness to the signature of Brent Walter                   Brent Walter


-------------------------------------------------------    --------------------------------------------------
Witness to the signature of Anita Walter                   AnitaWalter


-------------------------------------------------------    --------------------------------------------------
Witness to the signature of Frank Van Der Vliet            Frank Van Der Vliet


-------------------------------------------------------    --------------------------------------------------
Witness to the signature of Roberta Van Der Vliet          Roberta Van Der Vliet


-------------------------------------------------------    --------------------------------------------------
Witness to the signature of John Garden                    John Garden


-------------------------------------------------------    --------------------------------------------------
Witness to the signature of Linda Garden                   Linda Garden


-------------------------------------------------------    --------------------------------------------------
Witness to the signature of Rebecca Godin                  Rebecca Godin

</TABLE>