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| OLYMPUS PACIFIC MINERALS INC.  Per:  “John Seton” |                    |
|-----------------------------------------------------------------------------------|-------------------------|
| Name:                                                                             | John Seton              |   |
| Title:                                                                            | Chief Executive Officer |   |

|   “James Hamilton” |   |
|------------------------------------------|--------|
| JAMES HAMILTON                           |   |
|                                     |   |   |

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| (a)   | Name:                           James Hamilton |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b)   | Position:                      Vice President, Investor Relations |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c)   | Full Year:                     1 January 2012 to 30 June 2012 |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d)   | TOTAL Direct Compensation Target, made up from (e) Annual Base Salary, (f) STIP $ Target Bonus, (g) LTIP $ Target Opportunity = C$ 227,400 |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------|

| (e)   | Annual Base Salary = C$ 148,000 |
|-----------------|---------------------------------|

| (f)   | Your STIP Target $ Bonus and as % of Annual Base Salary are: |
|-----------------|--------------------------------------------------------------|

| a.   |   Production |
|----------------|-------------------|

| b.   | Financial |
|----------------|-----------|

| c.   | Exploration |
|----------------|-------------|

| (g)   | Annual Long Term Incentive Plan (“LTIP”) target bonus to be added to Annual Base Salary |
|-----------------|-----------------------------------------------------------------------------------------------------|

| (i)   | $ Opportunity: C$17,500 worth of Olympus share options, as detailed in the Share Option Agreement relating to the 26 September 2011 granting. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------|

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| (ii)   | Black Scholes Conversion Details are available for your information. |
|------------------|----------------------------------------------------------------------|

| (h)   | Account Details for Payments to be detailed on your invoice |
|-----------------|-------------------------------------------------------------|

| (i)   | Currency for payment is Canadian Dollars |
|-----------------|------------------------------------------|

| (j)   | Name for LTIP Options as per Share Option Agreement  James W. Hamilton |
|-----------------|----------------------------------------------------------------------------------|

| (k)   | Reimbursable Expenses and expatriate benefits: Travel and general business related expenses as per agreed policies on the Company’s internal website from time to time.. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (l)   | Performance Criteria:  Meet requirements as specified from time to time by the CEO and / or the CFO. |
|-----------------|----------------------------------------------------------------------------------------------------------------|