# OPTION
AGREEMENT

This Agreement is made the
10th day of September, 2001,

## BETWEEN:

| | October Sun, a Nevada corporation with an office
at 241 Ridge Street, Fourth Floor, Reno, Nevada
89501
(October Sun)
| | ----------------------------------------------------------------------------------------------------------------------

## AND:

| | Uranium Power Corporation with an office at
Suite 206 - 475 Howe Street, Vancouver, B.C. V6C
2B3
(UPC)
| | --------------------------------------------------------------------------------------------------------

## WHEREAS:

|A. | October  Sun is the owner of all of the  issued  and  outstanding  shares in the
capital of Comstock Petroleum Corporation (Comstock);
|-- | ----------------------------------------------------------------------------------------------------------------------------------------

|B. | Comstock has granted a promissory note (the Promissory Note) to R.L.
Hodgkinson and R. Edwards (the Lender) for the advance by the Lender
to Comstock of up to $300,000 (the Loan) and the payment by Comstock
to the Lender of a bonus of up to $100,000 (the Bonus);
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|C. | Comstock  used the  proceeds  of the Loan to,  among  other  things,  bid on and
acquire  three  petroleum  and natural gas parcels,  numbered  B0160,  B0162 and
B0163, (the Parcels) in the Province of Alberta;
|-- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|D. | October Sun has assigned an agreement, as amended, (the AOC
Agreement) with Anhydride Oil Corporation (AOC) to Comstock
under which Comstock has acquired the rights, subject to certain royalties and
working interests, to Alberta Petroleum and Natural Gas License no. 5494040101
(the AOC License) and an interest in all lands in an area of mutual
interest (AMI); and
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|E. | October Sun would like to grant to UPC an option to  purchase  all of the issued
and outstanding  shares in the capital of Comstock (the  Shares)  on
the terms and conditions contained in this Agreement;
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

NOW THEREFORE THIS
AGREEMENT WITNESSES that in consideration of the mutual covenants and
agreements contained herein, the parties hereto covenant and agree with each
other as follows:

---

1.    On
and subject to the terms hereof,  from the date of this Agreement through to and
including October 10, 2001 (the  Termination  Date),  UPC shall have
and be entitled to and October Sun hereby grants to UPC an exclusive option (the
Option) to purchase all (and not less than all) of the Shares on the
terms provided in this Agreement.

2.    
Forthwith  upon the  execution  of this  Agreement  by October Sun and UPC,  UPC
shall, in consideration of the grant of the Option:

|(a) | pay to October Sun the amount of US$75,000;
|--- | -------------------------------------------

|(b) | issue to October Sun transferable share purchase warrants entitling the holder
to acquire up to 1,000,000 shares of UPC exercisable on or before July 25, 2003
at a price of US$0.01 per share, with piggyback registration rights attached for
registration under the securities laws of the United States;
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(c) | grant to October Sun the transferable right to nominate two persons for
appointment to the board of directors of UPC, with such persons to be granted
incentive stock options to acquire up to 700,000 shares of common stock of UPC
from treasury for a period of two years at a price of US$0.27 per share, subject
to regulatory approval. In order to meet this obligation UPC will cause two of
its four directors, such persons to be determined by October Sun in its sole
discretion, to deliver signed but undated letters of resignation to October Sun;
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(d) | grant to October Sun the transferable right to retain two persons as consultants
to UPC, for fees to be agreed upon, with such persons to be granted incentive
stock options to acquire up to 500,000 shares of common stock of UPC from
treasury for a period of five years at a price of US$0.27 per share; and
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(e) | commit to pay all costs, up to a maximum of US$60,000, for the completion or
abandonment of the existing well (referred to in this Agreement as the
Initial Well) on the AOC License.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

3.    
Subject to the terms of this Agreement, in order to exercise the Option and take
up the Shares,  UPC shall,  prior to 4:30 p.m.  (Vancouver  time) on October 10,
2001:

|(a) | deliver to October Sun, a bank draft or certified cheque made payable to October
Sun in the amount of US$100,000;
|--- | -----------------------------------------------------------------------------------------------------------------

|(b) | assume all of the  obligations  under the Promissory Note and repay the Loan and
pay the Bonus in full;
|--- | -------------------------------------------------------------------------------------------------------

|(c) | issue to October  Sun or its  assigns  3,950,000  shares of stock in  UPCs
capital at a deemed price of US$0.001 per share; and
|--- | --------------------------------------------------------------------------------------------------------------------------------

|(d) | grant to October Sun the transferable right to subscribe for 500,000 shares of
common stock of UPC at a price of US$0.01 per share for a period of one year
following the successful test (as determined in the AOC Agreement) of the
Initial Well.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

---

4.    
UPC acknowledges that Comstock, in acquiring the Parcels, AOC License and rights
to the AMI,  will have  acquired the Parcels,  AOC License and rights to the AM,
subject to the government royalties and a:

|(a) | 9.5% gross overriding  royalty interest on the Parcels,  AOC License and AMI due
to AOC and October Sun, or its assigns;
|--- | ------------------------------------------------------------------------------------------------------------------------

|(b) | a right for the Lender to earn an 18.75% working interest before payout in the
Initial Well and a 13.64062% interest after payout, subject to royalties payable
to AOC and October Sun as to 9.5% and a 27.25% working interest after payout for
AOC;
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(c) | a right for the Lender to participate in the second well drilled within the AMI,
including the Parcels, as to a 12.5% working interest before payout and a
10.15625% interest after payout by paying 16.667% of the cost of such well;
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(d) | a right for the Lender to participate in the third well drilled within the AMI,
including the Parcels, as to a 12.5% working interest before payout and a
10.15625% interest after payout by paying either 16.667% or 12.5% of the cost of
such well;
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(e) | a right for the Lender to participate in all subsequent wells drilled within the
AMI, including the Parcels, as to a 12.5°/fl working interest before payout
and a 11.71875% working interest after payout by paying 16,667% of the cost of
each such well that is the first well drilled on the first ten licenses within
the AMI, including the Parcels, and by paying 12.5% of the cost of all other
such wells;
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(f) | a right for AOC,  or its  assigns,  to a working  interest  after  payout on the
second and third  wells  located on the  Parcels,  AOC License and the AMI as to
18.75%;
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(g) | a right for AOC, or its assigns, to participate pro rata, before and after
payout, in the fourth and subsequent wells located on the Parcels, AOC License
and the AMI as to an 18.75% working interest;
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(h) | a right for October Sun and its assigns to participate in the second and all
subsequent wells drilled within the AMI, including the Parcels, as to a 18.75%
working interest before payout and a 14.0625% working interest after payout by
paying 25% of the cost of each such well; and
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(i) | a right for October Sun and its assigns to participate as to a 6.25% working
interest after payout in all wells drilled on the Parcels, AOC License and the
AMI.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------

---

October Sun acknowledges,
and shall cause AOC to acknowledge, UPCs right, subject to the right of
the Lender described in paragraph 4(b) above, to re-enter the Initial Well on
the AOC License whereby UPC shall earn a 100% working interest in such well
before payout and a 66.5% working interest in such well after payout subject to
royalties payable to AOC and October Sun as to 9.5%, a 27.25% working interest
after payout for AOC and a 6.25% working interest after payout for October Sun.

UPC acknowledges that all
properties acquired within the AM shall be acquired on the terms and subject to
the conditions contained in the exploration agreement dated August 20, 2001
among Comstock, October Sun and the Lender.

5.    
This is an Option  only and does not impose upon UPC any  obligation  to take up
and pay for the Shares under Option.

6.    
This Option shall  terminate on the earlier to occur of (a) UPC  exercising  the
Option   in  full  and  (b)  4:30  p.m.   (Vancouver   time)  on   October   10,
2001.

7.    
In the  event of any  subdivision,  consolidation  or other  change in the share
capital of Comstock while any portion of the Option is  outstanding,  the number
of shares under option to UPC and the exercise  price  thereof shall be adjusted
in accordance with such subdivision,  consolidation or other change in the share
capital of Comstock.

8.    
In the event that Comstock undertakes an amalgamation, merger, reorganization or
other arrangement while any portion of the Option is outstanding,  the number of
shares under option to UPC and the exercise  price  thereof shall be adjusted in
accordance with such amalgamation,  merger, reorganization or other arrangement.

9.    
October Sun hereby covenants and agrees to and with UPC that it will not sell or
assign or agree to sell or assign or grant an option or other  rights to acquire
the Shares prior to the Termination  Date, other than the pledging of the Shares
as security to the Lender for the Loan.

10.    
This  Agreement  shall enure to and be binding upon the parties hereto and their
respective successors and assigns.

11.    
This Agreement may be executed by fax and in as many counterparts as is
necessary, each of which so signed shall be deemed to be an original and such
counterparts together shall constitute one and the same document.

---

IN WITNESS WHEREOF the
parties have hereunto caused these presents to be executed effective as of the
day and year first above written.

`URANIUM POWER CORPORATION                           OCTOBER SUN, a Nevada corporation


By: /s/James Billingsley and T. Donaldson           By: /s/ M. Elden Schorn
    --------------------------------------------        -------------------------------------------

Name: James Billingsley, Director                   Name: M. Elden Schorn
     -------------------------------------------    -----------------------------------------------

Name: Thornton Donaldson, President and Director    Title: President
     -------------------------------------------    -----------------------------------------------

Date: September 6, 2001                             Date: September 6, 2001
     -------------------------------------------    -----------------------------------------------`

---

# Amendment to
the Option Agreement, dated September 10th,

# 2001 (the
Agreement)

Between:

| | October Sun, a Nevada corporation with an office
at 241 Ridge Street, Fourth Floor, Reno, Nevada
89501
(October Sun)
| | ----------------------------------------------------------------------------------------------------------------------

And:

| | Uranium Power Corporation with an office at
Suite 206 - 475 Howe Street, Vancouver, B.C. V6C
2B3
(UPC)
| | --------------------------------------------------------------------------------------------------------

By way of this Amendment
October Sun and UPC agree that, subject to the terms of the Agreement, that the
time period under which UPC may exercise and take up the Shares be extended
until 4:30 p.m. (Vancouver time) on October 31, 2001.

Ail  other  terms and
conditions of the Agreement remain in full force.

In Witness Whereof the
parties have hereto caused this Amendment to be executed as of October 10, 2001.

Uranium Power Corporation

/s/___________________________

October Sun, a Nevada Corporation

/s/___________________________