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AMENDMENT NO. 1 TO OPTION AGREEMENT

THIS AGREEMENT made as of the 18th day of August, 2004.

BETWEEN:

| | INTERNATIONAL ARIMEX RESOURCES INC., a British 
        Columbia company, with an office located at Suite 706, 595 
        Hornby Street, Vancouver, BC, Canada V6C 1A4
      (the "Optionor")
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

OF THE FIRST PART

AND:

| | MERRITT VENTURES CORP., a Nevada corporation, with an
        
        office at Suite 201, 810 Peace Portal Drive, Blaine, WA 98230
      (the "Optionee")
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------

OF THE SECOND PART

WHEREAS:

|A. | The parties entered into an option agreement dated May 5, 2004 (the "Option
      Agreement");                                                                                                            
|-- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                           
|B. | The parties wish to amend the Agreement to reduce
        the number of claims comprising the Property, reduce work commitments,
        and modify dates for completion of work programs on the Property.

NOW THEREFORE THIS AGREEMENT WITNESSES THAT in consideration
  of the mutual covenants and conditions herein contained and in consideration
  of the sum of $1.00 US paid by the Optionee to the Optionor (the receipt of
  which is hereby acknowledged) the parties have agreed and do hereby agree as
  follows:

|1. | The Option Agreement is hereby amended by:
|-- | ------------------------------------------
|   |                                           

| | i. | deleting paragraph 4 and replacing it with the following:
| | -- | ---------------------------------------------------------

GRANT AND EXERCISE OF OPTION

|4) | a) | The Optionor hereby grants to the Optionee the sole
        and exclusive right and option to acquire up to a 75% undivided interest
        in and to the Property free and clear of all charges, encumbrances and
        claims, except for the Royalty.
|-- | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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| | b) The Option shall be exercised by the Optionee incurring Exploration
        Expenditures of $81,250 US on the Property as follows:
| | -------------------------------------------------------------------------------------------------------------------------------------
| |                                                                                                                                      

| |  | (A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $6,250 US on or before December 31, 2004 to earn a 10% undivided interest;                   
| |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ---------------------------------------------------------------------------------------------
| |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                              
| |  | (B)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | a further $25,000 US on or before June 30, 2005 to earn an additional
      25% interest; and
| |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                              
| |  | (C)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | a further $50,000 US on or before December 31, 2005 to earn an additional
      40% interest.
| |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                              
| |  | In the event that the Optionee
        spends, in any of the above periods, less than the specified sum, it may
        pay to the Optionor the difference between the amount it actually spent
        and the specified sum before the expiry of that period in full satisfaction
        of the Exploration Expenditures to be incurred. In the event that the
        Optionee spends, in any period, more than the specified sum, the excess
        shall be carried forward and applied to the Exploration Expenditures to
        be incurred in succeeding periods or to the Optionee's costs under the
        joint venture agreement to be entered into upon the exercise of the Option.

| |     |                                                                                                                                                                                                                                                   | 
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | 
| | c)  | In order to maintain the
        Option the Optionee must pay to the Optionor $1,250 US on Regulatory Approval
        and provide to the Optionor evidence that it has completed financing of
        at least $10,000 US by September 30, 2004.
| |     |                                                                                                                                                                                                                                                   | 
| | d)  | If and when the Option has
        been exercised in full, the Optionor and the Optionee shall enter into
        a joint venture agreement in the form attached hereto as Schedule "B".                                                         
| |     |                                                                                                                                                                                                                                                   | 
| | ii. | deleting Schedule A and replacing it with Schedule
      A attached to this Agreement.                                                                                                                                                           
| |     |                                                                                                                                                                                                                                                  

|2. | The Option Agreement is deemed to have been amended
        as of the day and year first above written and, in all other respects,
        save and except as herein provided, the Agreement is hereby confirmed.
|-- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                  
|3. | This Agreement may be executed in counterparts which together shall form
      one and the same instrument.                                                                                                      

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

|INTERNATIONAL ARIMEX RESOURCES |  | MERRITT VENTURES CORP       
|------------------------------ |  | ----------------------------
|INC.                           |  | by its authorized signatory:
|by its authorized signatory:   |  |                             
|                               |  |                             
|/s/ J. Kenney Berscht          |  | /s/ Lorrie Archibald        
|J. Kenney Berscht              |  | Lorrie Archibald            

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SCHEDULE "A"

|A. | Located Mineral Claim
|-- | ---------------------

| |            | Tenure |             | 
| | ---------- | ------ | ----------- | 
| | Claim Name | Number | Expiry Date | 
| |            |        |             | 
| | Claw 1     | 394095 | 2005/06/07  | 
| |            |        |             | 

| | located in the Omineca Mining Division, British Columbia
| | --------------------------------------------------------

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