EXHIBIT 4.60

         AGREEMENT BETWEEN THE COMPANY AND AMERA RESOURCES CORPORATION
            DATED MARCH 6, 2003 RELATING TO THE LAGO PICO, LOMA ALTA
                           AND NUEVA RUTA PROPERTIES








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        DATED: March 6, 2003

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       BETWEEN:


                              IMA EXPLORATION INC.

       AND:

                       INVERSIONES MINERAS ARGENTINAS S.A.

                                                          OF THE FIRST PART

       AND:

                           AMERA RESOURCES CORPORATION

                                                          OF THE SECOND PART


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                           PROPERTY PURCHASE AGREEMENT


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                              SALLEY BOWES HARWARDT
                            Barristers and Solicitors
                      Suite 1750, 1185 West Georgia Street
                             Vancouver, B.C. V6E 4E6
                                 (604) 688-0788


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<PAGE>

         THIS PROPERTY PURCHASE AGREEMENT dated for reference and made effective
         as of the 6th day of March, 2003.

BETWEEN:

           IMA EXPLORATION INC. ("IMA") of Suite 709, 837 West Hastings
           Street, Vancouver, Province of British Columbia, Canada


AND:

           INVERSIONES MINERAS ARGENTINAS S.A. ("IMASA") of Av. Ignacio
           De la Roza 670 (E) San Juan, San Juan Province, 5400 Argentina

           (IMA and IMASA, collectively, the "Vendors")

                                                               OF THE FIRST PART

AND:

           AMERA RESOURCES CORPORATION ("AMERA"), of Suite 1750, 1185
           West Georgia Street, Vancouver, Province of British Columbia,
           Canada

          (the "Purchaser")

                                                              OF THE SECOND PART

WHEREAS:

A. IMA is a valid and  subsisting  corporation,  duly  incorporated  and in good
standing under the laws of the Province of British Columbia;

B. IMASA is a valid and subsisting corporation, duly incorporated under the laws
of the Republic of Argentina and is a wholly owned subsidiary of IMA;

C. AMERA is a valid and subsisting  corporation,  duly  incorporated and in good
standing under the laws of the Province of British Columbia;

D.  IMASA is the  beneficial  and  recorded  owner of a 100%  interest  in those
certain  mineral  properties  described  in Schedule  "A"  appended  hereto (the
"Property");

C. The Vendors wish to sell and the Purchaser wishes to purchase the Property on
the terms hereinafter provided;

         NOW THEREFORE THIS AGREEMENT  WITNESSETH that in  consideration  of the
mutual  covenants and agreements  herein  contained the parties hereto covenant,
agree, represent and promise each with the other as follows:

1. The  Vendors  agree to sell to the  Purchaser,  and the  Purchaser  agrees to
purchase from the Vendors the Property,  subject to the terms and  conditions of
this Property Purchase Agreement (the "Agreement");

2. In consideration of and for the sale of the Property:

     (i)  the  Purchaser  shall,  within  five (5)  business  days of receipt of
          acceptance for filing of this  Agreement (the "Approval  Date") by the
          TSX Venture  Exchange  (the  "Exchange")  and by any other  regulatory
          authority having  jurisdiction,  issue and deliver to IMA Five Hundred



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                                      -2-

          Thousand (500,000) fully paid and non-assessable  common shares in the
          capital stock of the Purchaser (the "Shares"); and

     (ii) the Purchaser shall, in the event that a decision is made to place the
          Property acquired hereunder,  or any portion thereof,  into commercial
          production,  pay to IMA in respect  thereof,  a bonus  consisting of a
          cash payment of US$250,000, payable within ten (10) business days from
          the date the commercial production decision is made; and

     (iii)the Vendors  shall  retain a three (3%)  percent  Net Smelter  Returns
          Royalty,  calculated  in the manner set out in Schedule  "B"  appended
          hereto, in respect of the Property.

3. The Vendors warrant and represent that:

     (a)  Each of the Vendors is a body corporate,  duly  incorporated,  validly
          existing  and  currently  in good  standing  under  the  laws of their
          respective  jurisdiction of incorporation with full power and absolute
          authority  and capacity to enter into this  Agreement and to carry out
          the transaction contemplated hereby;

     (b)  they are the beneficial and recorded  owners of a 100% interest in the
          Property;

     (c)  the Property is free and clear of all liens, charges, encumbrances and
          royalties,  save  and  except  for the  Net  Smelter  Returns  Royalty
          described in paragraph 2(iii) hereof;

     (d)  they have the sole right to convey  their  interest in the Property to
          the Purchaser notwithstanding any prior act; and

     (e)  the Purchaser shall enjoy quiet possession of the Property.

4. The  Purchaser  warrants and  represents  that it is a body  corporate,  duly
incorporated,  validly  existing  and in good  standing  under  the  laws of the
Province of British Columbia with full power and absolute authority and capacity
to enter  into  this  Agreement  and to carry out the  transaction  contemplated
hereby,  subject  only to the  acceptance  for filing of this  Agreement  by the
Exchange and by any other  regulatory  authority  having  jurisdiction,  and the
filing of a notice of exempt  distribution with the British Columbia  Securities
Commission for the issuance of the Shares.

5. The Vendors  agree to grant,  assign,  convey and transfer unto the Purchaser
all their right,  title and interest in and to the Property by good,  proper and
sufficient  conveyance to the Purchaser,  its successors or assigns,  to and for
its and  their  sole and  only  benefit  and use  forever,  subject  only to the
requirements  of such mining laws relating to the Property in force from time to
time within the jurisdiction in which the Property is located.

6. The  Vendors  agree,  for the  purpose of  registering  the  transfer  to the
Purchaser of their 100% interest in the Property,  to execute and deliver to the
Purchaser  forthwith  upon  the  Approval  Date,  Bills  of Sale  or such  other
documents as are  necessary to effect the transfer of their 100% interest in the
Property to the Purchaser.

7.      The Vendors acknowledge and agree that the Shares will be subject to the
following resale restrictions:

     (a)  in  accordance  with the  provisions  of the  SECURITIES  ACT (British
          Columbia) and applicable  rules and  regulations,  a twelve (12) month
          hold period from the date of  distribution  of the Shares  restricting
          resale of the  Shares  during  that time,  except as may be  otherwise
          permitted by applicable  securities laws,  including  qualification by
          way of  Prospectus,  and the Shares will bear a legend to this effect;
          and

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                                      -3-


     (b)  in accordance with the policies of the Exchange, a four (4) month hold
          period from the date of  distribution  of the  Shares,  and the Shares
          will bear a legend to this effect.

8. The parties  hereto agree to execute such further  documents and deeds and to
give such assurances as may be necessary to fully implement this Agreement.

9. This Agreement  shall enure to the benefit of and be binding upon the parties
hereto, their respective successors and assigns.

10. This Agreement shall be governed and interpreted in accordance with the laws
of the Province of British Columbia.

11. This Agreement  contains the whole  agreement  between the parties and there
are no warranties, representations, terms, conditions, or collateral agreements,
whether express, implied or otherwise, other than as expressly set forth in this
Agreement.

12. The  invalidity  of any  particular  provision of this  Agreement  shall not
affect any other provision  herein,  and in such event,  this Agreement shall be
construed as if such invalid provision was omitted.

13. Words of the singular number and masculine gender shall include words of the
plural number,  feminine or neuter genders, or firms and corporations,  and vice
versa.

         IN WITNESS  WHEREOF the parties  hereto have executed this Agreement as
of and from the day and year first above written.


IMA EXPLORATION INC.                   INVERSIONES MINERAS
                                       ARGENTINAS S.A.



Per:   /s/ WILLIAM LEE                 Per:  /s/ ISABEL CHIARANTANO
    --------------------------             -------------------------------
    Authorized Signatory                   Isabel Chiarantano, Director


AMERA RESOURCES CORPORATION

c/s

Per: /s/ NIKOLAOS CACOS
    --------------------------
    Nikolaos Cacos,
    President and CEO



<PAGE>



         THIS IS SCHEDULE "A" TO THE PROPERTY PURCHASE AGREEMENT DATED
         FOR REFERENCE AND MADE  EFFECTIVE AS OF THE 6TH DAY OF MARCH,
         2003  BETWEEN  IMA  EXPLORATION  INC.,   INVERSIONES  MINERAS
         ARGENTINAS S.A. AND AMERA RESOURCES CORPORATION


                             DESCRIPTION OF PROPERTY


<TABLE>
<CAPTION>
     -------------------------------------------------------------------------------------------------------
         NAME OF CATEO                RECORDATION DATE              FILE NUMBER             HECTARES
     -------------------------------------------------------------------------------------------------------
<S>                                  <C>                         <C>                        <C>
     Lago Pico                       July 15, 2002               13893-02                   10,000
     -------------------------------------------------------------------------------------------------------
     Loma Alta                       July 15, 2002               13894-02                   10,000
     -------------------------------------------------------------------------------------------------------
     Ruta 17                         July 24, 2002               13897-02                    4,180
     -------------------------------------------------------------------------------------------------------

</TABLE>



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         THIS IS SCHEDULE "B" TO THE PROPERTY PURCHASE AGREEMENT DATED
         FOR REFERENCE AND MADE  EFFECTIVE AS OF THE 6TH DAY OF MARCH,
         2003  BETWEEN  IMA  EXPLORATION  INC.,   INVERSIONES  MINERAS
         ARGENTINAS S.A. AND AMERA RESOURCES CORPORATION


                           NET SMELTER RETURNS ROYALTY


1.       As additional  consideration the Purchaser acknowledges and agrees that
         its interest in the Property shall be subject to a royalty or charge in
         the  amount of three  percent of Net  Smelter  Returns in favour of the
         Vendors.

2.       For the purpose of this Agreement, "Net Smelter Returns" shall mean the
         actual proceeds received by the Purchaser from a smelter or other place
         of sale or treatment  with respect to all ore removed by the  Purchaser
         from the  Property as  evidenced  by its returns or  settlement  sheets
         after   deducting   from  the  said   proceeds  all  freight  or  other
         transportation  costs from the  shipping  point to the smelter or other
         place of sale or treatment but without any other deduction whatsoever.

3.       Net Smelter  Returns due and payable to the Vendors  hereunder shall be
         paid within thirty (30) days after receipt of the said actual  proceeds
         by the Purchaser.

4.       Within  ninety  (90) days after the end of each  financial  year of the
         Purchaser  during which the Property,  or any portion  thereof,  was in
         commercial  production,  the records relating to the calculation of Net
         Smelter  Returns  during that  financial  year shall be audited and any
         adjustments  shall be made forthwith.  The audited  statements shall be
         delivered  to the Vendors who shall have sixty (60) days after  receipt
         of such  statements to question in writing their accuracy and,  failing
         such question, the statements shall be deemed correct.

5.       The Vendors or their  representatives  duly  appointed in writing shall
         have the  right at all  reasonable  times,  upon  written  request,  to
         inspect  such  books and  financial  records  of the  Purchaser  as are
         relevant to the  determination  of Net Smelter Returns and at their own
         expense, to make copies thereof.