Filed by sedaredgar.com - Yellowcake Mining, Inc. - Exhibit 10.17






RELINQUISHMENT and SURRENDER of LEASE and OPTION 

Yellowcake Mining, Inc. (the “Lessee”), pursuant to a
certain lease and option agreement made between the Lessee and Beckworth
Corporation (the “Lessor”) dated December 28, 2007 (the “Lease and Option”),
hereby terminates and cancels said Lease and Option effective immediately and
all rights and obligations under said Lease and Option are hereby cancelled.


All the interests of Lessee in the property
under or by virtue of the Lease and Option are hereby absolutely extinguished
effective immediately. 

The Lessee hereby quits claims to the real property more
particularly described in Schedule “A” attached hereto, together with all
appurtenances and water rights incident thereto.

This agreement shall be binding upon the parties, their
successors, assigns and personal representatives. 

In witness whereof, the Lessee has signed this 15th day of May,
2009. 

YELLOWCAKE MINING INC. 

	By: 	/s/ William Tafuri 
	Name: 	William Tafuri 
	Title: 	President, CFO, Secretary and
      Treasurer 



	PROVINCE OF BRITISH COLUMBIA 	) 
	  	)SS 
	COUNTY OF ____________________	) 


On this 15th day of May, 2009, there personally came before me
William Tafuri, as President and CEO of Yellowcake Mining, Inc., a Nevada
corporation and acknowledged the foregoing to be his free act and deed in his
said capacity and the free act and deed of said a Nevada corporation. 

/s/ Karen Richardson 

NOTARY PUBLIC 

	 	Residing at: 	KAREN F. RICHARDSON 
	 	  	Barrister & Solicitor 
	 	  	800-885 West Georgia Street 
	 	  	Vancouver, BC V6C 3H1 
	 	  	Telephone: (604) 687-5700 


My Commission Expires: 

My commission never expires 




- 2 - 

Schedule “A”

Mining Properties and Disclosure of Matters Relating to
Mining Properties 

The Titan Claims 

Legal Description: 


	
CLAIM GROUPS AND 
CLAIM NAMES 	
LOCATION 
DATE 	

CMC NO. 	DATE 
FILED 
WITH
      BLM 	
CO. DOC. 
NO. 	

DATE REC. 	

LOCATOR 
	 	  	  	  	  	  	  
	Titan #1
      Group 	 
    	 
    	 
    	 
    	 
    	 
    
	 	  	  	  	  	  	  
	
Titan #1 	
5-8-2007 	
268790 	
6-22-2007 	
775159 	
6-6-2007 	Beckworth 
Corp. 
	Titan #2 	"
	268791 	"
	775160 	"
	"
  
	Titan #3 	"
	268792 	"
	775161 	"
	"
  
	Titan #4 	"
	268793 	"
	775163 	"
	"
  
	Titan #5 	"
	268794 	"
	775164 	"
	"
  
	Titan #6 	"
	268795 	"
	775162 	"
	"
  
	Titan #7 	"
	268796 	"
	775165 	"
	"
  
	Titan #8 	"
	268797 	"
	775166 	"
	"
  
	Titan #9 	"
	268798 	"
	775167 	"
	"
  
	Titan #10 	"
	268799 	"
	775168 	"
	"
  
	Titan #11 	"
	268800 	"
	775169 	"
	"
  
	Titan #12 	"
	268801 	"
	775170 	"
	"
  
	Titan #13 	"
	268802 	"
	775171 	"
	"
  
	Titan #14 	"
	268803 	"
	775172 	"
	"
  



Disclosure of Matters Relating to Mining
Properties 

Lessor’s title to the Mining Properties is expressly subject to
the following defects, encroachments, impairments or overlaps of the Mining
Properties, upon rights of others. 

	 	1. 	
      Overlaps of any portion of any Mining Properties upon
      State Lands where the State of Colorado has the mineral interest, or upon
      federal lands withdrawn from mineral entry.

	 	2. 	
      Surface rights grantees, licensees and permittees of the
      United States and State of Colorado, including, but not limited to grazing
      rights (permits or leases), rights of ways, roads, utility corridors, and
      water rights recognized by the Colorado State Engineer or reserved to the
      Federal Government

	 	3. 	
      Rights of parties to non-locatable minerals, including
      but not limited to oil, gas, coal, hydrocarbons, leaseable minerals,
      leaseable resources, and common minerals

	 	4. 	
      Overlaps of any claims constituting the Mining
      Properties, where the claim is in itself otherwise valid except to the
      extent of its overlaps upon (1) other mining claims having a valid
      priority of the area of the overlap, (2) patented mineral estates, (3)
      State Lands or (4) federal lands not open to mineral entry such as the
      lands in Atomic Energy Withdrawal areas.

	 	5. 	
      Defects resulting from the location of claims within
      Power Site Classifications where such claims have been relocated and have
      been or will be timely filed with the Bureau of Land
  Management.