EXHIBIT 10.3


MADISON EXPLORATIONS INC.

[COMPANY LOGO GOES HERE]



                                                                        Page 1/3

                                OPTION AGREEMENT




ECHO RESOURCES INC.
2nd Floor, West Tower
Nelson Mandela Square
Cnr Maude and Fifth Street
Sandton, Johannesburg
2196
ATTENTION: PIETER DU RAND

Vancouver, Canada,
September 14, 2005

                PROPERTY AGREEMENT - BRONCO TARGET, SASKATCHEWAN


Dear Mr. Du Rand

This letter will serve as a basis for an option  agreement in which your company
may  acquire a 15%  interest  in three  claims in  Saskatchewan  which cover the
exploration target known as "Bronco."

The claims are described as follows:

All three claims are situated in the Southern Mining District of Saskatchewan on
NTS map area 72-J-05. They are in good standing until December 09, 2006.

         CLAIM S-137774  (1152 HA)
         -------------------------
         THE NORTH  HALF OF  SECTION  7, THE NORTH  HALF OF SECTION 8, THE NORTH
         HALF OF SECTION 9 AND ALL OF SECTIONS 16, 17 AND 18,  TOWNSHIP 3, RANGE
         9, WEST OF THE THIRD  MERIDIAN;

         CLAIM S-137775 (256 HA)
         -----------------------
         ALL OF SECTION 19,  TOWNSHIP 3, RANGE 9, WEST OF THE THIRD  MERIDIAN;

         CLAIM  S-137776
         ---------------
         (1152 HA) THE NORTH HALF OF SECTION  10, THE NORTH HALF OF SECTION  11,
         THE  NORTH  HALF OF  SECTION  12 AND  ALL OF  SECTIONS  13,  14 AND 15,
         TOWNSHIP 3, RANGE 10, WEST OF THE THIRD MERIDIAN;

Echo  Resources Inc. (the  "Optionee"),  may earn a 15% interest in the property
under the following terms:


Madison Explorations Inc.                           Telephone ++1 604 974 0568
525 Seymour Street - Suite 807                      Facsimile   ++1 604 974 0569
Vancouver, Canada - V6B 3H7                         info@madisonexploration.com

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[COMPANY LOGO GOES HERE]
October 20, 2005, Page 2/2


         1.    The Optionee will pay Madison Exploration Inc (the "Company") USD
               50,000 upon the signing of the  official  Property  Agreement  to
               receive a 15%  option in the  property  decribed  above as Bronco
               until September 30th, 2006.
         2.    After nine  months the  Optionee  will be required to fund 50% of
               the Company's  estimated work program on the property in order to
               keep their 15% interest in the property. Should the Optionee fail
               to fund its  proportion  of the work  program the 15% interest in
               the property will revert back to the Company.
         3.    Should the Company  decide to abandon  work on the  Property  and
               therefore  fail to fund its  proportion of the Work Program,  the
               Optionee  will have the first  right of  refusal to take over the
               Company's work program.
         4.    All  results  of  work  on  the  property   will  be  copied  and
               transmitted  to the  Optionee  within 30 days of  receipt  by the
               Company.
         5.    An Area of Influence  shall be defined as any  additional  ground
               acquired  by  the  Company  within  500  meters  of  the  current
               property. Such area will be considered as part of this agreement.
               The  Optionee  agrees not to stake any claims  within the Area of
               Influence during the term of the official Property Agreement,  or
               for a  period  of three  years  after  the  term of the  official
               Property Agreement has ended.
         6.    During the term of the option, the Company will keep the claim in
               good standing.  If for any reason the property  cannot be held in
               good standing, an equivalent amount of claims in a similar region
               will be substituted.



The terms of the above Option are hereby agreed to by:

THE COMPANY:


-------------------------                             -------------------------
Joel DC Haskins, Director                             Kevin M Stunder, Director


OPTIONEE:


-------------------------                             -------------------------
Pieter Du Rand, Title                                        Name, Title