Exhibit
      99.1




**AGREEMENT**


**to
      Contract No. UV/ZGP-2 of November 5, 2006**





Moscow


*June
      2* ,
      2008





This
      Agreement was concluded between the Limited Liability Company (OOO) Gornaya
      Corporatsia Zbaykalgeoprom, referred to in Contract No. UV/ZGP-2 of November
      5,
      2006 hereafter as the “Seller”, in the person of Director General V. I.
      Feldbush, acting on the basis of the Charter, for the first party, and the
      Limited Liability Company (OOO) UniverKompani, referred to in the above Contract
      hereafter as the “Purchaser”, in the person of General Director E. L. Belchenko,
      acting on the basis of the Charter, for the second party, did conclude this
      Contract on the below:





**1.
      THE SCOPE OF THE AGREEMENT**





1.1
      Based
      on Contract No. UV/ZGP-2 of November 5, 2006, the Seller transferred to the
      Purchaser man-made tailings belonging to the Seller by right of ownership,
      according to a Receipt and Transfer Act dated December 6, 2006, in the volume
      of
      10,000 tons to the value of 51,979,000 (fifty-one million, nine hundred and
      seventy-nine thousand) rubles, and a Receipt and Transfer Act dated December
      15,
      2006 in the number of 123,271 tons to the value of 640,750,330.9 (Six hundred
      and forty million, seven hundred and fifty thousand, three hundred and
      thirty-one) rubles and 90 kopecks. The total volume of property thus accepted
      by
      the Purchaser amounted to 133,271 (One hundred and thirty-three thousand, two
      hundred and seventy-one) tons, for the total value of 692,729,330.9 (Six hundred
      and ninety-two million, seven hundred and twenty-nine thousand, three hundred
      and thirty) rubles and 90 kopecks (Invoice No. 1106/OT dated December 6, 2006,
      No. 1109/OT dated December 15, 2006). The receipt of property was conducted
      at
      the goods storage facility of OAO Artel Startelei Soyuz, at the address: B-2,
      Baley village, Chitinskaya Oblast, Russian Federation.





1.2.
      The
      Parties hereby reached an Agreement to return the property accepted by the
      Purchaser to the Seller, due to the fact that it is not now economically
      feasible to process the man-made tailings, due to the absence of financial
      resources or technological facilities to extract precious and rare-earth metals
      from this type of property. By this Agreement, the Parties affirm the absence
      of
      claims against one another under Contract No. UV/ZGP-2, dated November 5, 2006.
      The Purchaser must perform the return of the above property no later than June
      30, 2008.





This
      Agreement was written up in 2 copies, one for each Party, and each copy has
      identical legal force.









**2.
      THE ADDRESS AND PAYMENT DATA OF THE PARTIES**







SELLER:
              OOO
                Gornaya Korporatsia
              INN/KPP:
                03130042/031301001
              24/2
                Ulitsa Belorusskaya, Taksimo village, Muyskiy District, Buryatia,
                Russian
                Federation
              settlement
                acc.: 4070281060940100045 at Muyskuy OSB: No. 8502,
              correspondent
                acc.: 30101810900000000607
              BIC
                042520607
              
              [stamp]
              [signature]
                V. I. Feldbush
            
            PURCHASER:
              OOO
                UniverKompani
              INN/KPP:
                7733171698/773301001
              bldg.
                7, 6 Leninsky Prospekt, Moscow
              settlement
                acc.: 40702810100000000545
              correspondent
                acc.: 30101810900000000171
              BIC:
                044579171
              AKB
                (OAO) Azimut
              
              [stamp]
              [signature]
                E. L. Belchenko









**ACT**


**on
      the return of man-made tailings, received in compliance with**


**Contract
      No. UV/ZGP-2 of November 5, 2006**





Klichka
      village,


Chitinskaya
      Oblast


*June
      2* ,
      2008





We,
      the
      undersigned, on behalf of the Seller, OOO Gornaya Korporatsia Zabaykalgeoprom,
      Director General V. I. Feldbush, and on behalf of the Purchaser, OOO
      UniverKompani, Director General E. L. Belchenko, do certify with this Act,
      that
      the Purchaser has performed the return, and the Seller has accepted, man-made
      tailings from the former mining enterprise Nerchinskie Rudniki, in the volume
      of
      133,271 (One hundred and thirty-three thousand, two hundred and seventy-one)
      tons, previously received by the Purchaser in compliance with Contract No.
      UV/ZGP-2 dated November 5, 2006 (Receipt and Transfer Acts dated December 6,
      2006 and December 15, 2006).





The
      total
      cost of man-made tailings accepted by the Seller was determined by the parties
      in the volume of 692,729,330.9 (Six hundred and ninety-two million, seven
      hundred and twenty-nine thousand, three hundred and thirty) rubles and 90
      kopecks.





On
                behalf of the Seller:
              [stamp]
              [signature]
                V. I. Feldbush
            
            On
              behalf of the Purchaser:
              [stamp]
              [signature]
                E. L. Belchenko