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|   | ("Vanguard")                                                                                                                                                                                                                                 |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                         |
| AND:   | COASTAL URANIUM HOLDINGS LTD.,      a company duly incorporated in theProvince of British Columbia and      having a registered and records office at #2201– 1255 Bidwell Street,      Vancouver, British Columbia,  V6G 2K8 |
|   |                                                                                                                                                                                                                                         |
|   | ("COASTAL”)                                                                                                                                                                                                                            |

| A.         | COASTAL      is party to a mineral property purchase and joint venture agreement (the      “Maxore Agreement”) dated August 2, 2007 between itself and Maxore      Minerals Corp. (“Maxore”) whereby it has the right and option to acquire      an undivided 50% right, title and interest in and to certain mineral      claims in the Athabasca region (the “Property”) as described more      particularly in Schedule “A” attachedhereto. |
|----------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| B.         | COASTAL      wishes to assign to Vanguard, and Vanguard wishes to acquire, any and all      interest of COASTAL in and to the Maxore Agreement as related to mineral      claim S-110476  only (the “Assigned Properties”) in      consideration of the issuance to COASTAL of 4,000,000 common shares      of Vanguard and cash in amount of CAD$ 250,000.00 payable      to COASTAL or to the third party by COASTAL request  in further      consideration of Vanguard assuming all financial obligations (including      obligations to fund the joint venture under the Maxore Agreement) of      COASTAL under the Maxore Agreement. |
|----------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| C.         | Maxore      has consented, by way of its execution of this Agreement below, to the      assignment of COASTAL’s interest in and to the Maxore Agreement to      Vanguard. |
|----------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.     | COASTAL’S      REPRESENTATIONS                               |
|--------|--------------------------------------------------------------------|
|   |                                                               |   |
| 1.1    | COASTAL      represents and warrants to  Vanguard  that: |

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|   | (a)    | under      the terms of an agreement (the “Maxore Agreement”) dated the 2nd      day of August, 2007, it has the right to acquire, from Maxore Minerals      Corp. (“Maxore”)                                 |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                  |
|   |   | up      to a 50% beneficial right, title and interest in and to the Property and      holds the right to explore and develop the Property, subject to applicable      rules and regulations and the terms of the Maxore    Agreement; |

|   | (b) | save      and except as concerns its agreements with Vanguard and with Maxore, to      the best of COASTAL’s knowledge, Maxore holds the Property free and clear      of all liens, charges and claims ofothers; |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | the      Property has been, or to the best of the knowledge of COASTAL has been,      duly and validly located and recorded in a good and miner-like manner      pursuant to the laws of the Province of Saskatchewan and the claims are in      good standing in the Province of Saskatchewan as of the date of this      Agreement; |
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|   | (e) | COASTAL      is duly incorporated under the laws of its incorporating jurisdiction and      is a valid and subsisting company in good standing under those      laws; |
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|   | (f) | COASTAL      has, provided that Maxore consents, the right to transfer, convey, option      and assign its interest in the Assigned Properties and in the Maxore      Agreement to Vanguard as contemplated in this  Agreement; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (g) | there      are no adverse claims or challenges against or to COASTAL’s interest in      the Property and the Maxore Agreement, nor to the knowledge of COASTAL is      there any basis therefor, and to COASTAL’s knowledge, there are no      outstanding agreements or options to acquire or purchase the Property or      any portion thereof other than the Maxore Agreement and an agreement      between Maxore and Vanguard executed concurrently therewith (and after      amended); |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (h) | COASTAL      has the full right, authority and capacity to enter into this Agreement      without first obtaining the consent of any other person or body corporate      and the consummation of the transaction herein contemplated will not      conflict with or result in any breach of any covenants or agreements      contained in, or constitute a default under, or result in the creation of      any encumbrance under the provisions of any indenture, agreement or other      instrument whatsoever to which COASTAL is a party or to which it is      subject; and |
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|   | (i) | no      proceedings are pending, and COASTAL is unaware of any basis for, the      institution of any proceedings which could lead to the placing of COASTAL      in bankruptcy or insolvency, or in any position similar to bankruptcy,      such that any person could claim an interest in and to the Property from      Vanguard notwithstanding that Vanguard is at arm’s length with COASTAL and      is entering into this Agreement for good and valuable      consideration. |
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| 1.2       | The      representations and warranties of COASTAL set out in paragraph 1.1 above      form a part of this Agreement and are conditions upon which Vanguard has      relied in entering into this Agreement and shall survive the acquisition      of any interest in the Property by Vanguard.                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
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|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 1.3       | COASTAL      will indemnify Vanguard from all loss, damage, costs, actions and suits      arisingout of or in connection with any breach of any representation,      warranty, covenant,agreement or condition made by COASTAL and contained in      this Agreement including, without limiting the generality of the      foregoing, against any and all loss, damage, costs, actions and suits      which may be brought as a result of any shareholder actions on the part of      COASTAL’s shareholders.  In lieu of any monetary      indemnification, Vanguard may claim from COASTAL indemnification in the      form of repayment, sale or transfer to it of some or all of the Vanguard      Shares (as that term is defined in section 4.1 below). |
|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 2.        | VANGUARD'S      REPRESENTATIONS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 2.1       | Vanguard      warrants and represents to COASTAL that it is a body corporate,      dulyincorporatedunder the laws of the State of Nevada with full power and      absolute capacityto enter into this Agreement and that the terms of this      Agreement have been or will be authorized by all necessary corporate acts      and deeds in order to give effect to the terms hereof.                                                                                                                                                                                                                                                                                                                                                                                         |
|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 3.        | ASSIGNMENT OF      OPTION                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 3.1       | COASTAL      hereby assigns to Vanguard its sole and exclusive beneficial right and      option(the "Option") to acquire a 50% undivided beneficial right, title      and interest in and totheAssigned Properties which Option is granted      under, and subject to, the terms of the Maxore Agreement.                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 4.        | ASSIGNMENT    PRICE                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 4.1  | Vanguard      shall pay for the assignment of the Option by issuing to COASTAL a total      of4,000,000 common      shares (the “Vanguard Shares”) and cash in amount of CAD $250,000.00payable to      COASTAL or to the third party by COASTAL request  in further      consideration of  Vanguard  and by assuming all of      the  obligations of COASTAL  under the      Maxore  Agreement, including the obligation to make payments to      Maxore as operator of the Property.                                                                                                                                                                                                                |
|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 5.        | CONDITION      PRECEDENT                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 5.1       | This      Agreement is expressly subject to the consent of Maxore to its      terms.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |

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| 6.     | RIGHT      TO ABANDON PROPERTY INTERESTS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 6.1    | Nothing      in this Agreement shall require Vanguard to continue payments to Maxore      underthe terms of the Maxore Agreement.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 6.2    | In      the event that Vanguard decides to abandon work on the Property interests      and wishes tocease payments to Maxore under the terms of the Maxore      Agreement, it may do so on sixty(60) days’ notice to both COASTAL and      Maxore and, upon expiry of the sixty (60) day notice period, Vanguard      shall be deemed to have surrendered, transferred and assigned back to      COASTAL all interest in the Assigned Properties.                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 6.3    | Upon      abandonment in section 6.2 hereof, Vanguard agrees that it shall have no      right toclaim back the Vanguard Shares but that the Vanguard Shares are      the property ofCOASTAL regardless of Vanguard's decision to continue with      or abandon the Property interests.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 7.     | FURTHER    ASSURANCES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 7.1    | The      parties hereto agree to do or cause to be done all acts or things      reasonably necessary toimplement and carry into effect the provisions and      intent of this Agreement including,without limiting the generality of the      foregoing, obtaining consent resolutions, or minutes, of their respective      boards of directors consenting and approving of this  Agreement.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 8.     | FORCE  MAJEURE                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 8.1    | If      either of the parties hereto is prevented from or delayed in complying      with any provisionsof thisAgreement by reasons of strikes, labour      disputes, lockouts, labour shortages, powershortages, fires, wars, acts of      God, governmental regulations restricting normal operations or      any other reason or reasons beyond their control, the time limited for the      performance ofvarious provisions of this Agreement as set out above shall      be extended by a period of timeequal in length to the period of such      prevention and delay, and they, insofar as is possible, shall promptly      give written notice the other party of the particulars of the reasons for      any prevention or delay under this paragraph, and shall take all      reasonable steps to remove the cause of such prevention or delay and shall      give written notice as soon as such cause ceases to  exist. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 9.     | ENTIRE    AGREEMENT                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 9.1    | Save      and except the Maxore Agreement, by which the parties agree to be bound,      thisAgreement constitutes the entire agreement to date between the parties      hereto and supersedesevery previous agreement, communication, expectation,      negotiation, representation or understanding, whether oral or written,      express or implied, statutory or otherwise, between the parties hereto      with respect to the subject matter of thisAgreement.                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |

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| 10.    | NOTICE                                                                                                                                                                                                                                                                                    |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                      |
| 10.1   | Any      notice required to be given under this Agreement shall be deemed to be      well andsufficiently given if delivered, or if mailed by registered mail,      in the case of eitheraddressed to them as follows:                                                                    |
|   |                                                                                                                                                                                                                                                                                      |
|   |     Vanguard      Minerals Corporation    Two Union      Street Square    601 Union      Street 42nd Floor,    Seattle,      Washington 98101    Fax:      ____________________       |
|   |                                                                                                                                                                                                                                                                                      |
|   | and      in the case of COASTAL addressed as follows:                                                                                                                                                                                                                                     |
|   |                                                                                                                                                                                                                                                                                      |
|   |     Coastal      Uranium Holdings Ltd.    #2201 –      1255 Bidwell Street,    Vancouver,      British Columbia    Canada V6G      2K8    Fax:      ______________________ |
|   |                                                                                                                                                                                                                                                                  |
|   | and      any notice given shall be deemed to have been given, if delivered, when      delivered, or ifmailed by registered mail, on the fourth business day      after the date of mailing thereof.                                                                                       |
|   |                                                                                                                                                                                                                                                                                      |
| 10.2   | Either      party hereto may from time to time by notice in writing change its address      for thepurpose of this paragraph.                                                                                                                                                             |
|   |                                                                                                                                                                                                                                                                                      |
| 11.    | TIME OF  ESSENCE                                                                                                                                                                                                                                                                          |
|   |                                                                                                                                                                                                                                                                                      |
| 11.1   | Time      shall be of the essence of this Agreement.                                                                                                                                                                                                                                      |
|   |                                                                                                                                                                                                                                                                                      |
| 12.    | CURRENCY                                                                                                                                                                                                                                                                                  |
|   |                                                                                                                                                                                                                                                                                      |
| 12.1   | All      funds referred to under the terms of this Agreement shall be funds      designated in thelawful currency of the United States of  America.                                                                                                                                       |

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| 13.    | APPLICABLE  LAW                                                                                                                                                                                                                                                                                                                                  |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                             |
| 13.1   | Except      as applies to the mineral claims laws of the Province of Saskatchewan,      thisAgreement shall be governed by the laws of the Province of British      Columbia and theparties hereto agree to attorn to the courts      thereof.                                                                                                   |
|   |                                                                                                                                                                                                                                                                                                                                             |
| 13.2   | It      is an express condition of this Agreement that any dispute of its terms be      brought in thecourts of the Province of British Columbia.                                                                                                                                                                                                |
|   |                                                                                                                                                                                                                                                                                                                                             |
| 14.    | ARBITRATION                                                                                                                                                                                                                                                                                                                                      |
|   |                                                                                                                                                                                                                                                                                                                                             |
| 14.1   | In      the event of a dispute between the parties regarding any provision of this      Agreement,the parties hereto agree to submit the dispute to binding      arbitration under the terms of theCommercial Arbitration Act of the      revised statutes of the Province of British Columbia [R.S.B.C. 1996      Chapter 55] or its successor. |
|   |                                                                                                                                                                                                                                                                                                                                             |
| 15.    | ENUREMENT                                                                                                                                                                                                                                                                                                                                        |
|   |                                                                                                                                                                                                                                                                                                                                             |
| 15.1   | This      Agreement shall enure to the benefit of and be binding upon the parties      hereto andtheir respective successors and assigns.                                                                                                                                                                                                        |
|   |                                                                                                                                                                                                                                                                                                                                             |
| 16.    | COUNTERPARTS                                                                                                                                                                                                                                                                                                                                     |
|   |                                                                                                                                                                                                                                                                                                                                             |
| 16.1   | This      Agreement may be executed in any number of counterparts, each of which      whendelivered, either in original or facsimile form, shall be deemed to be      an original and all ofwhich together shall constitute one and the same      document.                                                                                      |

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| Claim      Number |  Hectares | Region                 | Geologic      Domain |
|-------------------|----------------|------------------------|----------------------|
| S-110457          | 4890           | Cree      Lake         | Virgin      River    |
| S-110458          | 5717           | Cree      Lake         | Virgin      River    |
| S-110459          | 5859           | Cree      Lake         | Virgin      River    |
| S-110468          | 3504           | Wollaston      Lake    | Wollaston            |
| S-110469          | 3940           | Wollaston      Lake    | Wollaston            |
| S-110470          | 4036           | Wollaston      Lake    | Wollaston            |
| S-110471          | 5240           | Wollaston      Lake    | Wollaston            |
| S-110474          | 3149           | Hatchet      Lake      | Mudjatik             |
| S-110476          | 343            | Hatchet      Lake      | Mudjatik             |
| S-110490          | 3303           | Hodges      Lake       | Wollaston            |
| S-110498          | 5022           | Wollaston      Lake SW | Wollaston            |

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