September 21, 2001

|                  |     |                   |     |                  
|----------------- | --- | ----------------- | --- | -----------------
|Mr. Aki Siltamaki |     | Mr. R. Hietapakka |     | Mr. A. Hietapakka
|297 Ray Boulevard | AND | 134 Heron Street  | AND | 134 Heron Street 
|Thunder Bay, ON   |     | Thunder Bay, ON   |     | Thunder Bay, ON  
|P7B 4E3           |     | P7C 2M3           |     | P7C 2M3          

Dear Sirs:

This letter sets out the agreement
terms between Canplats Resources Corporation (hereinafter referred to as us or
we), and the above-noted individuals (hereinafter referred to as
you).

It is intended that, when executed by
you and a copy redelivered to us, this letter will constitute a binding agreement between
us.

Representations:

You have represented to us that:

|(a) |  | you are the recorded and beneficial holder of a 100% interest in the property
               more particularly described in Schedule A attached to and forming
               part of this agreement, which said property, together with any successor form of
               title thereof, is described for convenience in this letter as the mining
               claim;
|--- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(b) |  | the mining claim is properly and legally staked, recorded and tagged and that it
               is presently in good standing under the laws of the jurisdiction in which it is
               located, at least until the date set forth in Schedule A hereto, and
               is free and clear of any liens or encumbrances and otherwise in good standing;
               and
|--- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(c) |  | that you have sole and complete power to deal with the mining claim.
|--- |  | --------------------------------------------------------------------

Such representations shall survive
the termination of this agreement.

Forthwith upon execution of this
letter, you shall deliver to us recordable transfers for the mining claim transferring the
mining claim to Canplats Resources Corporation.

Grant:

In consideration of the payment by us
specified below, you hereby grant to us immediate and exclusive possession of the mining
claim for the purpose of prospecting and exploring and developing the mining claim.

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 2 

Payment:

Upon receipt of recordable  transfers  transferring the mining claim into the name of Canplats Resources  Corporation,  we shall pay to
you the sum of $10,000 payable as: follows:

|(i)  |  | $5,000 upon receipt of recordable transfers; and
|---- |  | ------------------------------------------------
|(ii) |  | $5,000 six months after the date in (i) above.  

Shares:

In addition to the cash payments
above, Canplats will also issue to you 50,000 shares in the company (pursuant to
regulatory requirements and approvals), and such share certificates will be registered in
the names and numbers as you direct, as follows:

|(i)   |  | a total of 25,000 shares within 6 months of the receipt of all regulatory
               approvals approving this agreement and the share issuance to you (the Approval
               Date);
|----- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(ii)  |  | a total of 12,500 shares within 12 months of the Approval Date.                                                                                                                              
|(iii) |  | a total of 12,500 shares within 18 months of the Approval Date.                                                                                                                              

Access:

We shall have sole access to the
mining claim and may explore, prospect, develop and mine the mining claim, but if this
agreement is terminated or our rights hereunder are surrendered, we shall have the right
to remove our plant and equipment from the mining claim within six months thereafter.

Royalty Interest:

Upon completion of the payments and
issuance of shares to you, we shall have a 100% interest in the mining claim and we may at
any time place the mining claim into production, and you shall receive therefrom 2% of the
Net Smelter Returns (NSR) calculated and payable in accordance with the
provisions of Schedule B attached hereto (hereinafter Royalty
Interest).

Royalty Purchase:

We may, at any time, purchase 1% of
your NSR for $1 million by providing you notice of the same and, within 30 days of such
notice date and upon completion of documentation transferring the royalty to us, will make
the payment.

Advance Royalty Payment:

If, within 4 years of the Approval
Date we have not commenced production, you will receive from us Advance Royalty Payments
of $5,000 per year and; if such production has not commenced within 6 years of the
Approval Date, then Advance Royalty Payments will increase to $10,000 per year.

Right of First Refusal:

You hereby grant to us and we shall
have an exclusive right of first refusal in respect of any offer to purchase or otherwise
acquire some or all of your Royalty Interest which you propose to accept, to be exercised
as follows: in the event that you receive an offer from a third party to purchase or
otherwise acquire some or all of the above-described Royalty Interest, you shall, prior to
accepting same, provide to us written notice setting out the terms thereof. We shall have
thirty days from receipt of said notice in which to advise you in writing of our intent to
purchase or otherwise acquire the said Royalty Interest. In the event we do not so advise
you in writing within said thirty-day period, you shall be entitled to accept the offer of
said third party. However, if such offer is not accepted within 60 days of receipt of such
offer, our right of first refusal will be reinstated in respect of such offer.

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 3 

Share of Payments:

You have informed us that for the
purposes of payments to be made to you either by cash, shares, royalty or royalty
purchase, these are to be made as follows:

50%  A. Siltamaki; 
         25%  R. Hietapakka; and 
         25%  A. Hietapakka

until such time as you inform us in
writing of a change to this percentage distribution.

Maintenance of the Mining Claim:

We agree to keep the mining claim in
good standing during the currency of this agreement, save as we may abandon some or all of
them in accordance with the terms hereof.

Abandonment:

We may at any time from time to time
while in this agreement is in full force and effect, by notice in writing, abandon the
mining claim. In the event that the mining claim is abandoned (if this agreement is
terminated, such termination will be abandonment of the mining claim), we shall
re-transfer such mining claim to you in good standing for one hundred and eighty (180)
days, and we shall have no further obligation with respect to the mining claim so
abandoned. We shall provide you with all technical information we have in respect of such
claim in our possession, including drill cores and samples.

Termination:

This agreement may be terminated by
us at any time upon notice to you.

Agency:

You agree that we may assign this
agreement provided the assignee assumes our obligations and liabilities hereunder,
whereupon you agree that we shall automatically be released and discharged from all
obligations and liabilities hereunder without the necessity of any further or other
writing or documentation whatsoever.

Notice:

Any notice required to be given
hereunder shall be deemed to be sufficiently given if delivered by hand or, if mailed, by
registered mail. Receipt of any notice, if mailed, shall be deemed to be on the third
business day following the date of mailing provided the postal service is then operative,
and, if delivered by hand, on the date received. Either party may change its address by
notice to the other. The address for notice shall be, in the case of A. Siltamaki, R.
Hietapakka and A. Hietapakka as written at the top of this Letter Agreement and in the
case of Canplats:

| | #1180
 999 West Hastings Street Vancouver, B.C. V6C 2W2
| | --------------------------------------------------------

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 4 

Entire Agreement:

This letter and the Schedules hereto
constitute the entire agreement between us, and there are not rights or obligations on the
part of either of us toward each other or for the benefit of any other party, nor any
other act, matter or thing to be done or taken by either of us or any other person with
respect to the mining claim, except as are herein set forth.

You agree to execute any other
documents with respect to or to clarify the intent of this letter agreement as we may
reasonably request.

This agreement shall be governed by
the laws of the Province of Ontario.

Yours sincerely,

# CANPLATS RESOURCES
CORPORATION

"R.E.Gordon Davis"
President

---

The foregoing truly represents my
agreement in this respect, and I agree to be bound by and comply with the terms thereof.

Dated at Thunder Bay this 22 day of September, 2001.

"Mr. Aki Siltamaki"_________________

Mr. Aki Siltamaki

"Mr. R. Hietapakka"_________________

Mr. R. Hietapakka

"Mr. A. Hietapakka"_________________

Mr. A. Hietapakka

---

# SCHEDULE A

TO THAT AGREEMENT BY AND BETWEEN:

MR. A. SILTAMAKI AND MR. R. HIETAPAKKA AND MR. A. HIETAPAKKA

AND

CANPLATS RESOURCES
CORPORATION

DATED SEPTEMBER 1, 2001

# PROPERTY

G-0755  Right Angle Lake Area

Thunder Bay Mining
Division, Ontario

|Claim 1187540 | Recorded August 13, 2001
|------------- | ------------------------

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# SCHEDULE B

TO THAT AGREEMENT BY AND BETWEEN:

MR. A. SILTAMAKI AND MR. R HIETAPAKKA AND MR. A. HIETAPAKKA

AND

CANPLATS RESOURCES
CORPORATION

DATED SEPTEMBER 1, 2001

# NET SMELTER RETURNS

# 1. Interpretation

1.1 Where used herein:

| | Agreement shall mean the above-referenced agreement, including any amendments thereto or
renewals or  extensions thereof.
| | ---------------------------------------------------------------------------------------------------------------------------

| | Fiscal
Period shall mean each calendar year or other period of twelve consecutive
months adopted for tax purposes  during the term of the Agreement.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------

Product
shall mean ores, metals, (metals shall include bullion), minerals, mineral products or
concentrates.

Royalty
Interest shall mean the share of Net Smelter Returns payable under the
Agreement.

Words and expressions defined in the
Agreement have the same meaning herein.

# 2. Net Smelter Returns

Net Smelter Returns shall
mean the actual proceeds received from any mint, smelter, refinery or other purchaser for
the sale of Product produced from the Mining Claim and sold, after deducting from such
proceeds the following charges to the extent that they were not deducted by the purchaser
in computing payment: smelting and refining charges; penalties; smelter assay costs and
umpire assay costs; cost of freight and handling of ores, metals or concentrates from the
Mining Claim to any mint, smelter, refinery or other purchaser; marketing costs; insurance
on all such ores, metals or concentrates; customs duties; severance, royalties, ad valorem
or goods and services taxes, retail sales taxes or mineral taxes or the like and export
and import taxes or tariffs payable in respect of said ores, metals or concentrates.

# 3. Payment

3.1 The Royalty Interest shall be
paid on a quarterly basis within forty-five (45) days after the end of each fiscal quarter
in respect of the actual proceeds received in such fiscal quarter

3.2 Each payment under paragraph 3.1
shall be accompanied by a statement indicating the calculation of Net Smelter Returns
hereunder. The owner of the Royalty Interest shall be entitled to audit, during normal
business hours, such books and records as are necessary to determine the correctness of
the payment of the Royalty Interest, provided, however, that such audit shall be made only
on an annual basis and within 12 months of the end of the Fiscal Period in respect of
which such audit is made.

# 4. Non-Arms Length
Sale of Product

For the purposes of calculating the
amount of Royalty payable if the sales of any Product are to a company or enterprise
associated with the seller, and if the sale price is not negotiated on an arms
length basis, the seller shall, for the purposes of calculating Net Smelter Returns and
notwithstanding the actual amount of such sale price, add to any moneys actually received
with respect to such sale an amount which the seller considers sufficient to make the same
represent a reasonable net sale price for such sale as if negotiated at arms length
and after taking into account all pertinent circumstances (including, without limitation,
then current market conditions relating to products similar to such Product; terms of
agreements between arms length parties for the purchase and sale of similar products
in similar quantities for delivery over similar periods of time; and physical andor
chemical characteristics of such Products).

The seller shall by notice inform the
owner of the Royalty Interest of the quantum of such reasonable net sale price and if the
owner of the Royalty Interest does not object thereto within sixty (60) days after receipt
of such notice, said quantum shall be final and binding upon the owner of the Royalty
Interest.

If the owner of the Royalty Interest
objects to such quantum by notice delivered to the seller within said sixty (60) days,
then the quantum of such reasonable net sale price shall be decided by arbitration with a
single arbitrator to be appointed in accordance with the Commercial Arbitration Act
of British Columbia in accordance with the provisions of Article 16 of the Agreement and
the arbitrator shall have reference first to the Agreement, and then, if necessary, to
practices used in mining operations that are of similar nature. The arbitrator shall be
entitled to retain such independent mining consultants as he considers necessary. The
decision of the arbitrator shall be final and binding on the parties hereto and will not
be subject to appeal.

# 5. Segregation of
Property

The determination of Net Smelter
Returns hereunder is based on the premise that production will be developed solely on the
Mining Claim. Other mining properties may be incorporated with the Mining Claim into a
single mining project and the metals, ores or concentrates pertaining to each may be
blended at the time of mining or at any time thereafter, provided however, that the
respective mining properties (including the Mining Claim) have allocated to them their
proportionate share of the net smelter returns realized from such single operation, all as
determined in accordance with generally accepted accounting principles and from records
maintained by or on behalf of the seller. The owner of the Royalty Interest shall have the
right, during reasonable business hours and upon prior notice to the seller and, if
applicable, the Operator, to enter upon the mining properties and to inspect the plant and
procedures followed with respect to allocations made under this paragraph provided that
such entry shall be at the sole risk and cost of the owner of the Royalty Interest. If the
parties disagree on the allocation of actual proceeds received and deductions therefrom,
such shall be referred to arbitration in the manner provided in Article 16 of the
Agreement and the arbitrator shall have reference first to the Agreement, and then, if
necessary, to practices used in mining operations that are of similar nature. The
arbitrator shall be entitled to retain such independent mining consultants as he considers
necessary. The decision of the arbitrator shall be final and binding on the parties hereto
and will not be subject to appeal.