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Exhibit 4.8

AGREEMENT

THIS MEMORANDUM OF AGREEMENT is dated for reference this 1st day of May, 2003.

BETWEEN:

> EDWARD SKODA 
>         P.O. Box 367 Lomas Del Manglar
>         Chapala, Jalisco Mexico 45900
>       (hereinafter referred to as the "Vendor")

OF THE FIRST PART

AND:

> LINUX GOLD CORP.
>         1103  11871 Horseshoe Way
>         Richmond, B.C. V7A 5H5
>       ("hereinafter referred to as the "Purchaser")

OF THE SECOND PART

WHEREAS:

|A. | the Vendor is the recorded and beneficial owner
        of TY Gold, TY Gold 2 & 3 (21 units), situated in the Lillooet Mining
        Division of the Province of British Columbia (hereinafter called the "said
        claim");                                                                            
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|  
|B. | the Vendor is desirous of selling all of its right,
        title and interest in and to the said claim to the Purchaser and the Purchaser
        is desirous of acquiring same (subject to the reservation 2% net smelter
        return interest (hereinafter called the "NSR") as hereinafter described);

NOW THEREFORE THIS AGREEMENT WITNESSETH that in consideration
  of the mutual covenants, agreements and conditions set forth herein, the parties
  hereto agree as follows:

|1. | Subject to the reservation of the NSR
        interest hereinafter described, the Vendor hereby sells, assigns and sets
        over to the Purchaser for their own use absolutely all of its right, title
        and interest in and to the said claim for the consideration more particularly
        described in Paragraph 2 hereof.
|-- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|  
|2. | As consideration for the sale of the said
        claim by the Vendor to the Purchaser, the Purchaser hereby agrees to pay
        to the Vendor the sum of TEN THOUSAND DOLLARS (CAD$10,000) as follows:                                                                                                                                
|  
|   | (a)                                                                                                                                                                                                                                                                                                                                      
|  
|   | (b)                                                                                                                                                                                                                                                                                                                                      
|  
|3. | The Purchaser agrees to issue 150,000
        shares of Linux Gold Corp. to the Vendor as follows:                                                                                                                                                                                                                                       
|  
|   | (a)                                                                                                                                                                                                                                                                                                                                      
|  
|   | (b)                                                                                                                                                                                                                                                                                                                                      
|  
|   | (c)                                                                                                                                                                                                                                                                                                                                      

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- 2 -

|   | (d)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | 50,000 shares upon completion of Phase III no later
        than December 1, 2005.                                                                                     
|-- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------
|  
|4. | The Vendor covenants and agrees with the
        Purchaser as follows:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|  
|   | (a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | That the said claim is in good standing at the date
        hereof, free and clear of any encumbrances, liens or charges as the case
        may be;                   
|  
|   | (b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | That neither the Vendor nor any of its predecessors
        in interest or title have done anything whereby the said claim may become
        encumbered;              
|  
|   | (c)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | That the Vendor has the right to enter into this
        agreement and to dispose of the interest in and to the said claim which
        is hereby covenanted for sale.
|  
|5. | Concurrently with the execution of this
        agreement, the Vendor shall execute a Bill of Sale transferring the said
        claim to the Purchaser, to be released to the Purchaser forthwith upon
        payment of the sum of FIVE THOUSAND DOLLARS (CAD$5,000) by the Purchaser
        to the Vendor.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|  
|6. | The parties acknowledge and agree that
        the Vendor shall retain an interest in two percent (2%) of the net smelter
        return to be derived from mining activities conducted on the said claim.
        For the purpose of this agreement the term "NSR" shall mean the net income
        from the production of ores, concentrates, minerals or metals from the
        said claim after deducting from all exploration, development and capital
        costs and all other charges and expenses whatsoever and taxes (other than
        income taxes) as reported in audited statements to be maintained by the
        Purchaser on the said claim. If any dispute should arise as to the meaning
        or application of this term such dispute shall be referred to the auditors
        of the Purchaser who shall resolve the dispute in accordance with generally
        accepted accounting principles and whose decision shall be binding upon
        the parties hereto.
|  
|7. | The Purchaser may purchase the NSR for
        ONE MILLION DOLLARS ($1,000,000) for each one percent (1%), prior to commercial
        production, in shares or in cash.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|  
|8. | This agreement shall enure to the benefit
        of and be binding upon the parties hereto, their respective heirs, executors,
        administrators, successors or assigns as the case may be.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    

IN THE EVENT that this agreement is not executed on or before
  the 2nd day of May, 2003, this Agreement is nul and void.

IN WITNESS WHEREOF the parties hereto have executed this Agreement
  as of the day and year first above written.

|LINUX GOLD CORP. |  | EDWARD SKODA  
|---------------- |  | --------------
|                 |  |               
|"John Robertson" |  | "Edward Skoda"
|Signature        |  | Signature     
|                 |  |               
|John Robertson   |  | Edward Skoda  
|Print Name       |  | Print Name    
|                 |  |               
|President        |  | Owner         
|Title            |  | Title         

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