Exhibit
      99.2




ASSIGNMENT
      OF MINES LEASING AGREEMENT





BETWEEN





SOCIEDAD
      PACIFIC COPPER CHILE LIMITADA





AND





PACIFIC
      COPPER CORP.






There
      appeareth:




**EDUARDO
      ESTEFFAN MARCO,** Chilean,
      married, Civil Engineer, National Identity Card No 5.906.079-1, in
      representation, as shall be evidenced, of **SOCIEDAD
      PACIFIC COPPER CHILE LIMITADA** ,
      Tax
      Registration Number (RUT) 76.848.260-8, both domiciled on Van Buren No 208, in
      the city of Copiapó, as one of the parties; and Mr. **JUAN
      ANTONIO ROGERS SILVA** ,
      Chilean, married, lawyer, National Identity Card No 7.320.36-5, domiciled on
      Benjamín No 2935, 7 th floor,
      Commune of Las Condes, Santiago, passing through this city, who appears in
      representation, as shall be evidenced, of **PACIFIC COPPER CORP.** ,
      company
      incorporated in accordance with the laws of the State of Delaware, United States
      of America, with registered head offices on 3430 E. Sunrise Dr., Ste 160,
      Tucson, Arizona USA 85718, and for these purposes having the same domicile
      as
      its representative, as the other party; all of the appearing parties, being
      of
      legal age and having been identified by the identity cards mentioned above,
      do
      hereby state:





**FIRST:**




Through
      public deed dated November 13 th ,
      2007,
      executed at this same Notary’s Office, **Sociedad
      Legal Minera La Guanaca Una de la Sierra Vicuña** and **Sociedad
      Pacific Copper Chile Limitada,** entered
      into a leasing agreement under which the former leased to **Sociedad
      Pacific Copper Chile Limitada** the
      mining properties denominated “La Guanaca Una al Cincuenta”, located in Sierra
      Vicuña, Province of Chañaral, Atacama Region, the identification of which is
      recorded in the respective survey record registered on page 216 reverse, N° 24
      of the Registry of Properties, Registrar of Lands, Mines, and Industrial
      Properties of Chañaral, for year 1968.










**SECOND:**




The
      lease
      amount was agreed to be two thousand Dollars of the United States of America
      per
      month, payable within the first five days of each month, the lessee hereby
      paying in advance the lease for the first two months of the agreement. The
      leasing term shall be five years counted as from the date of the agreement,
      tacitly and successively renewable for equal terms, except if any of the parties
      shall state its intention of not renewing the agreement, by giving written
      notice to the other party through registered mail dispatched by a Public Notary,
      two months in advance of the date of expiration of the agreement or any
      extension thereof.





**THIRD:**




The
      leasing agreement was registered on page 169, reverse, N° 20, in the Registry of
      Mortgages of Mines of the Registrar of Lands, Mines, and Industrial Properties
      of Chañaral for year 2007, and such registration was noted on the margin of the
      registration on page 216 reverse, N° 24, Registry of Properties, Registrar of
      Lands, Mines and Industrial Properties for year 1968.




Equally,
      on page 15 N° 11 in the Registry of Prohibitions on Mines for year 2007, the
      prohibition to encumber and dispose of stated in favor of the lessee throughout
      the leasing term was registered, prohibition which was equally noted on the
      margin of the registration of the property mentioned above.





**FOURTH:**




According
      to provisions in Clause Third of the Leasing Agreement, the lessee is entitled
      to sub-lease, transfer or assign, in whole or in part, the leasing agreement
      to
      any third parties, whether natural or corporate persons, upon the sole formality
      of doing so through public deed to be registered on the margin of the
      registration of the same agreement.










**FIFTH:**




In
      the
      exercise of its authorities, Sociedad Pacific Copper Chile Limitada, hereby
      assigns and transfers to Pacific Copper Corp. the leasing agreement identified
      above, for which its representative does accept, becoming bound to pay the
      lease
      and to comply with all the conditions in the agreement, conditions which he
      states knowing and accepting in all of their parts.





**SIXTH:**




The
      price
      for this assignment is the amount of $1,000.-, which the assignee hereby pays
      in
      cash to the full satisfaction of the assignor, on behalf of which its
      representative states receiving such amount.





**SEVENTH:**




Any
      conflicts or difficulties arising between the partners, between the partners
      and
      the company or managers thereof, whether during the term of effectiveness of
      the
      company or during the dissolution thereof shall be settled briefly and summarily
      by an arbitrating arbitrator, who shall decide without form of trial or any
      further recourse, which the parties expressly waive. The arbitrator shall be
      appointed by mutual agreement between the parties involved in such conflict
      or
      controversy, and in the event such agreement is not reached, such conflict
      or
      controversy shall be submitted to arbitrage in accordance with the “Procedural
      Rules of Arbitrage” issued by the “Center for Arbitrage and Mediation of
      Santiago”, “Chamber of Commerce of Santiago A.G”. The parties grant irrevocable
      power of attorney to the “Chamber of Commerce of Santiago A.G”, for the Chamber
      to, upon written request of any of the parties, appoint an arbitrating
      arbitrator from among the lawyers who form the arbitral body of the referred
      “Center for Arbitrage and Mediation of Santiago”. The arbitrator shall have
      special powers to settle any matters relating to the competence and/or
      jurisdiction thereof.










**EIGHTH:
      (séptimo repetido)**




For
      all
      the purposes of this agreement, the parties set their legal address in the
      city
      of Copiapó.





**NINTH:**




Bearer
      of
      authorized copy of this deed or extract hereof, as appropriate, is authorized
      to
      make any registrations, sub-registrations, and publications required by the
      execution of this limited liability corporation agreement.


The
      legal
      capacity of Mr. Eduardo Esteffan Marco to represent Sociedad Pacific Copper
      Chile Limitada, is recorded in the deed of constitution of the company executed
      on April 19 th ,
      2007,
      at this same Notary’s Office.


The
      legal
      capacity of Mr. Juan Antonio Rogers Silva to represent PACIFIC COPPER CORP.
      is
      recorded in power of attorney executed in Tucson, Arizona, United States of
      America, on November 7 th ,
      2007,
      which having been duly legalized was registered on December 3 rd ,
      2007,
      and recorded under No 11.889/2007 at the end of the Registries of Public Deeds
      for that month, at the Notary’s Office of Santiago held by Ms. Antonieta Mendoza
      Escalas, documents which have not been inserted as they are known to the parties
      and upon their express request.