| 1. | TERM      OF AGREEMENT.  The term of this Agreement shall be for one (1)      year commencing 15 October 2008, and shall, unless renewed by mutual      agreement in writing, terminate on 15 October  2009. |
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| 2. | PROVISION      OF SERVICES.  SLAC agrees, in consideration of the management      fee payable to SLAC hereunder, to provide CMIN with exploration and      development advice and management (hereinafter referred to as the      “Services”) in connection with existing and proposed exploration programs      of CMIN or its affiliated and/or subsidiary companies on the Gold Sands      project in Peru as well as the support functions required to successfully      implement such programs.  The Services shall include, but not be      limited to, provision of logistics and infrastructure in the project area,      office and administration support for project activities, exploration      planning, program management, mapping, logging, provision of drilling      services and equipment, provision of a field laboratory, processing and      analysis of samples, data compilation,data |
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| 3. | PROVISION      OF COMPETENT PERSONNEL AND EQUIPMENT.  SLAC agrees to provide      competent personnel, consultants, and contractors to carry out the      Services.  SLAC will also provide appropriate equipment and      infrastructure in order that the programs call be successfully      implemented. |
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| 4. | PROGRAM      AND BUDGET.  SLAC shall in conjunction with CMIN, develop the      overall program.  Component program elements shall be budgeted,      and, upon approval by CMIN, executed under the direction of      SLAC. |
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| 5. | COSTS.  All      costs incurred in the execution of the Services shall be charged to      CMIN. |
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| 6. | MANAGEMENT      FEE.  SLAC shall charge a Management Fee of 10 on all costs      incurred in the execution of theServices. |
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| 8. | PAYMENT.  CMIN      shall pay SLAC within two weeks of receipt of invoice.  All      amounts due hereunder shall be paid in USD, and shall be deposited by CMIN      in a bank account as designated by SLAC in  writing. |
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| 9. | ADVANCE.  CMIN      shall advance to SLAC the sum of USD 250,000, which sum shall be due on      execution of the agreement. |
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| 10. | LOCAL      TAXES.  The amounts due hereunder shall be net of      taxes.  CMIN shall assume the cost of any tax or withholding      obligation, and shall provide SLAC with a copy of an official receipt      evidencing payment of any suchtaxes. |
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| 11. | INDEPENDENT      CONTRACTOR.  With respect to all claims and damages on account      of loss or damage to property, or injury or death of any person or persons      arising from or out of provision of the Services by SLAC hereunder, SLAC      shall be deemed to be an independent contractor, and neither it not its      personnel shall be deemed to be a representative, agent, or employee of      CMIN, and, with respect to any such claim, damage, loss, injury or death,      SLAC shall indemnify and save CMIN harmless from and against any and all      liability for such loss, damage, injury or death, except such liability as      may arise out of sole negligence of CMIN.  SLAC shall maintain      such insurances as will protect it from all claims and damages for      personal injury and death, and from all claims and property damage arising      from the provision of the Services under this  Agreement. |
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| 12. | CONFIDENTIALITY.  SLAC      shall, and shall cause all its personnel, consultants, and contractors to,      keep confidential all information disclosed by CMIN or acquired by SLAC      through the performance of the Services hereunder, and shall not disclose      for divulge such information to third parties without the written consent      of CMIN.  The obligation to keep secret and confidential and not      disclose any such information shall not apply to any information oin the      public domain or which at the time of disclosure is already known to SLAC      and/or its personnel, consultants, and contractors, or when disclosure is      required under applicable law andregulations. |
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| 13. | TERMINATION      FOR DEFAULT.  If either party fails to perform any of its      obligations to the other party under this Agreement, and such      non-performance is not cured within thirty (30) days after receipt by the      defaulting party of written notice of the non-performance, then the party      giving notice of non-performance may terminate this Agreement by giving      ten (10) days prior written notice to the defaulting  party. |
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| 14. | ARBITRATION.  In      case of disputes arising under this Agreement, which are not settled      within a reasonable time and not exceeding three (3) months, the parties      shall refer such disputes and differences to arbitration in the United      States of America. |
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| 15. | NOTICES.  Any      communication required or permitted to be given under this Agreement shall      be in writing and shall be sufficiently given if delivered by hand, sent      by facsimile, couriered, or mailed by certified or registered mail,      postage prepaid, addressed asfollows: |
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|   | Manuela      Saenz 323, Suite 706 |
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|   | (C1107BPA)      Buenos Aires |
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|   | Argentina                       |
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|   |                            |
|   | FAX       +54-11-5236 9978 |

|   | & |
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|   | LOGISTICA      y SERVICIOS ALUVIALES SAN LORENZOSAC |
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|   | Calle      2a, #129 |
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|   | Villa      Soberania, Panama City |
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|   | Republic      of Panama |
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|   | FAX  +507-264-7521 |
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| 16. | ASSIGNMENT:  SLAC      may not assign, pledge, mortgage, or otherwise encumber any of its rights      hereunder without the prior written consent of  CMIN. |
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| 17. | GOVERNING      LAW.  This Agreement shall be interpreted in accordance with the      Laws of the United States ofAmerica. |
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