Document:

WATTS, GRIFFIS AND MCOUAT LIMITED
                       CONSULTING GEOLOGISTS AND ENGINEERS

                                     CONSENT

TO:      NORTHWESTERN MINERAL VENTURES INC.

AND TO:  BERNS & BERNS, COUNSELORS AT LAW

AND TO:  U.S. SECURITIES & EXCHANGE COMMISSION
         (THE "SECURITIES REGULATOR")

FROM:    WATTS, GRIFFIS AND MCOUAT LIMITED

RE:      A TECHNICAL REVIEW OF THE PICACHOS SILVER-GOLD AND BASE METALS
         PROSPECTS, WESTERN DURANGO STATE, MEXICO
--------------------------------------------------------------------------------

Reference is made to the technical report (the "TECHNICAL REPORT") dated 24
November, 2004 entitled "A Technical Review of the Picachos Silver-Gold and Base
Metals Prospects, Western Durango State, Mexico", which we prepared for
Northwestern Mineral Ventures Inc. (the "CORPORATION").

We hereby consent to the filing of the Technical Report with the Securities
Regulator, and to the written disclosure of the Technical Report and the
inclusion of extracts therefrom or a summary thereof in the Corporation's Annual
Report on Form 20-F for the year ended December 31, 2004 ("Form 20-F"). We
reserve the right to review such disclosures to ensure that our comments are
contextually accurate.

We further agree to being named as an expert in the Form 20-F.

Dated this 30th day of June, 2005.

                                       WATTS, GRIFFIS AND MCOUAT LIMITED

                                                /s/ Albert Workman

                                       Per: _______________________
                                             Albert Workman, P.Geo.
                                             Senior Geologist and Vice-PresidentEXECUTION
COPY

AMENDMENT NO. 2
 TO MASTER REPURCHASE AGREEMENT

Amendment No. 2, dated as of July 18, 2005 (this
"Amendment"), among CREDIT SUISSE
FIRST BOSTON MORTGAGE CAPITAL LLC (the
"Buyer"), MORTGAGEIT, INC.
("MortgageIT") and MORTGAGEIT
HOLDINGS, INC. ("Holdings" and
together with MortgageIT, the
"Sellers").

RECITALS

The Buyer and the Sellers
are parties to that certain Master Repurchase Agreement, dated as of
March 11, 2005 and Amendment No. 1, dated as of June 17, 2005 (the
"Existing Master Repurchase
Agreement"; as amended by this Amendment, the
"Master Repurchase Agreement").
Capitalized terms used but not otherwise defined herein shall have the
meanings given to them in the Existing Master Repurchase Agreement.

The Buyer and the Sellers have agreed, subject to the terms and
conditions of this Amendment, that the Existing Master Repurchase
Agreement be amended to reflect certain agreed upon revisions to the
terms of the Existing Repurchase Agreement;

Accordingly, the
Buyer and the Sellers agree, in consideration of the mutual promises
and mutual obligations set forth herein, that the Existing Master
Repurchase Agreement is hereby amended as follows:

SECTION 1.    Increased Maximum Aggregate
Purchase Price Period.    For purposes of this Amendment, this
Section 1 will be effective only during the period beginning on July
18, 2005 through and including September 16, 2005 (the
"Increased Maximum Aggregate Purchase Price
Period").

1.1    Section 2 of the Existing
Repurchase Agreement is hereby temporarily amended by deleting the
definition of "Maximum Aggregate Purchase
Price" in its entirety and replacing it with the
following, which amendment shall be effective solely during the
Increased Maximum Aggregate Purchase Price Period:

"Maximum Aggregate Purchase
Price" means FIVE HUNDRED MILLION DOLLARS
($500,000,000).

SECTION 2.    Conditions
Precedent.     This Amendment shall become effective on
July 18, 2005 (the "Amendment Effective
Date"), subject to the satisfaction of the following
conditions precedent:

2.1    Delivered
Documents.    On the Amendment Effective Date, the Buyer shall
have received the following documents, each of which shall be
satisfactory to the Buyer in form and substance:

(1)    this Amendment, executed and delivered by
duly authorized officers of the Buyer, MortgageIT and Holdings; and

(2)    such other documents as the Buyer or
counsel to the Buyer may reasonably request.

2.2    Payment of Attorneys' Fees.    On the
Amendment Effective Date, the Sellers shall have paid attorneys'
fees to Buyer or its counsel either by payment or by authorized debit
in connection with this Amendment in an amount equal to $1,000.

SECTION 3.    Limited Effect.    Except
as expressly amended and modified by this Amendment, the Existing
Master Repurchase Agreement shall continue to be, and shall remain, in
full force and effect in accordance with its terms.

SECTION 4.    Counterparts.    This
Amendment may be executed by each of the parties hereto on any number
of separate counterparts, each of which shall be an original and all of
which taken together shall constitute one and the same instrument.

SECTION 5.    GOVERNING
LAW.    THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REFERENCE TO
THE CHOICE OF LAW PROVISIONS THEREOF.

[SIGNATURE PAGE FOLLOWS]

IN WITNESS
WHEREOF, the parties have caused their names to be signed hereto by
their respective officers thereunto duly authorized as of the day and
year first above written.

											
	Buyer:		CREDIT
SUISSE FIRST BOSTON MORTGAGE
 CAPITAL LLC,
as
Buyer
	 	
	 		 		By:  /s/
Bruce S. Kaiserman

Name: Bruce S. Kaiserman
Title: Vice
President
	 	
	MortgageIT:		MORTGAGEIT,
INC.,
as
Seller
	 	
	 		 		By:  /s/
John R. Cuti

Name: John R. Cuti
Title: General Counsel and
Secretary
	 	
	Holdings:		MORTGAGEIT
HOLDINGS, INC.,
as
Seller
	 	
	 		 		By:  /s/
John R. Cuti

Name: John R. Cuti
Title: General Counsel and
Secretary
	

EXECUTION
COPY

Exhibit A

OFFICER'S COMPLIANCE CERTIFICATE

I,
                                                                        ,
do hereby certify that I am the duly elected, qualified and authorized
officer of MortgageIT, Inc.
("MortgageIT"). This Certificate is
delivered to you in connection with Section 17b of the Master
Repurchase Agreement dated as of March 11, 2005, among MortgageIT,
Inc., MortgageIT Holdings, Inc. and Credit Suisse First Boston Mortgage
Capital LLC (as amended from time to time, the
"Agreement"), as the same may have
been amended from time to time. Capitalized terms used but not
otherwise defined herein shall have the meanings given to them in the
Agreement. I hereby certify that, as of the date of the financial
statements attached hereto and as of the date hereof, MortgageIT is and
has been in compliance with all the terms of the Agreement and, without
limiting the generality of the foregoing, I certify
that:

Adjusted Tangible
Net Worth.    The Sellers, on a consolidated basis, have
maintained an Adjusted Tangible Net Worth of at least $170,000,000. A
detailed summary of the calculation of Seller's actual Adjusted
Tangible Net Worth is provided in Schedule 1 hereto.

Indebtedness to Adjusted Tangible Net Worth Ratio.    The
Sellers, on a consolidated basis, have maintained the ratio of Adjusted
Indebtedness to Adjusted Tangible Net Worth of no greater than 15:1 and
the ratio of Indebtedness to Adjusted Tangible Net Worth no greater
than 25:1. A calculation of Sellers' actual Indebtedness to
Adjust Tangible Net Worth is provided in Schedule 1 hereto.

Maintenance of Profitability.    Sellers have not
permitted, for any Test Period, Net Income for such Test Period, before
income taxes for such Test Period and distributions made during such
Test Period, to be less than $1.00.

Insurance.    Sellers or their Affiliates, have
maintained, for Sellers and their Subsidiaries, insurance coverage with
respect to employee dishonesty, forgery or alteration, theft,
disappearance and destruction, robbery and safe burglary, property
(other than money and securities) and computer fraud or an aggregate
amount of at least
$                          .
The actual amount of such coverage is
$                          .

Financial Statements.    The financial statements
attached hereto are accurate and complete, accurately reflect the
financial condition of Sellers, and do not omit any material fact as of
the date(s) thereof.

Documentation.    Sellers have
performed the documentation procedures required by their operational
guidelines with respect to endorsements and assignments, including the
recordation of assignments, or have verified that such documentation
procedures have been performed by a prior holder of such Mortgage
Loan.

Compliance.    Each Seller has observed or
performed in all material respects all of its covenants and other
agreements, and satisfied every condition, contained in the Agreement
and the other Program Agreements to be observed, performed and
satisfied by it. [If a covenant or other agreement or condition
has not been complied with, the applicable Seller shall describe such
lack of compliance and provide the date of any related waiver
thereof.]

Regulatory Action.    Neither Seller
is currently under investigation or, to best of any Seller's
knowledge, no investigation by any federal, state or local government
agency is threatened. Neither Seller has been the subject of any
government investigation that has resulted in the voluntary or
involuntary suspension of a license, a cease and desist order, or such
other action as could adversely impact Sellers' business.
[If so, the applicable Seller shall describe the situation in
reasonable detail and describe the action that Seller has taken or
proposes to take in connection therewith.]

No
Default.    No Default or Event of Default has occurred or is
continuing. [If any Default or Event of Default has occurred and
is continuing, applicable Seller shall describe the same in

D-1

reasonable detail and describe the action such
Seller has taken or proposes to take with respect thereto, and if such
Default or Event of Default has been expressly waived by Buyer in
writing, such Seller shall describe the Default or Event of Default and
provide the date of the related waiver.]

Indebtedness.    All Indebtedness (other than
Indebtedness evidenced by the Repurchase Agreement) of Sellers existing
on the date hereof is listed on Schedule 2 hereto.

Purchased
Mortgage Loans.    Attached hereto as Schedule 3 is a true and
correct list of all Mortgage Loans purchased by Buyer and held by
Custodian pending repurchase.

Originations.    Attached hereto as Schedule 4 is a true
and correct summary of all Mortgage Loans originated by Sellers during
the calendar quarter ending on [DATE].

Heding.    Attached hereto as Schedule 5 is a true and
correct summary of all Interest Rate Protection Agreements entered into
or maintained by Sellers during the calendar quarter ending on
[DATE].

REIT Qualification
Tests.    Holdings is, and has been since
                          ,
a real estate investment trust (a
"REIT") for U.S. federal income tax
purposes. Attached hereto as Schedule 5 is a true and correct
summary of the calculations for REIT qualification of Holdings.

REIT Asset and Income
Tests.

		
	1. 	At
the close of each taxable year, at least 75 percent of Holdings'
gross income consists of (i) "rents from real
property" within the meaning of Section 856(c)(3)(A) of
the Code, (ii) interest on obligations secured by mortgages on real
property or on interests in real property, within the meaning of
Section 856(c)(3)(B) of the Code, (iii) gain from the sale or other
disposition of real property (including interests in real property and
interests in mortgages on real property) which is not property
described in Section 1221(a)(1) of the Code, within the meaning of
Section 856(c)(3)(C) of the Code, (iv) dividends or other distributions
on, and gain (other than gain from "prohibited
transactions" within the meaning of Section
857(b)(6)(B)(iii) of the Code) from the sale or other disposition of,
transferable shares (or transferable certificates of beneficial
interest) in other qualifying REITs within the meaning of Section
856(d)(3)(D) of the Code, and (v) amounts described in Sections
856(c)(3)(E) through 856(c)(3)(I) of the
Code.

		
	2. 	At the close of each
taxable year, at least 95 percent of Holdings' gross income
consists of (i) the items of income described in paragraph 1 hereof
(other than those described in Section 856(c)(3)(I) of the Code), (ii)
gain realized from the sale or other disposition of stock or securities
which are not property described in Section 1221(a)(1) of the Code,
(iii) interest, (iv) dividends, and (v) income derived from payments to
Holdings on interest rate swap or cap agreements, options, futures
contracts, forward rate agreements and other similar financial
instruments entered into to reduce the interest rate risks with respect
to any indebtedness incurred or to be incurred to acquire or carry real
estate assets, or gain from the sale or other disposition of such an
investment as described in section 856(c)(5)(G), in each case within
the meaning of Section 856(c)(2) of the
Code.

		
	3. 	At the close of each
quarter of Holdings' taxable years, at least 75 percent of the
value of Holdings' total assets (as determined in accordance with
Treasury Regulations Section 1.856-2(d)) has consisted of and will
consist of real estate assets within the meaning of Sections 856(c)(4)
and 856(c)(5)(B) of the Code, cash and cash items (including
receivables which arise in the ordinary course of Holdings'
operations, but not including receivables purchased from another
person), and Government Securities; unless (a) the test described in
this paragraph (3) has been satisfied as of the end of the immediately
preceding quarter of Holdings' taxable year, (b) such test is not
satisfied as the result of the acquisition of a security or property
during the current quarter of Holdings' taxable year, (c)
Holdings delivers within 10 days of the end of the current quarter of
Holdings' taxable year to Buyer notice that such test is not
satisfied, (d) such test is satisfied within the 30 day period as
provided under section 856(c)(4), and (e) an officer of Holdings
certifies as to such satisfaction within such 30 day period, and
provides documentation, reasonably satisfactory to Buyer evidencing
such satisfaction.

		
	4. 	At the
close of each quarter of each of Holdings' taxable years, (a) not
more than 25 percent of 

D-2

		
	 	
Holdings' total asset value will be
represented by securities (other than those described in paragraph 3),
(b) not more than 20 percent of Holdings' total asset value will
be represented by securities of one or more taxable REIT subsidiaries,
and (c) (i) not more than 5 percent of the value of Holdings'
total assets will be represented by securities of any one issuer (other
than Government Securities and securities of taxable REIT
subsidiaries), and (ii) Holdings will not hold securities possessing
more than 10 percent of the total voting power or value of the
outstanding securities of any one issuer (other than Government
Securities, securities of taxable REIT subsidiaries, and securities of
a qualified REIT subsidiary within the meaning of Section 856(i) of the
Code); unless (d) the tests described in this paragraph (4) have been
satisfied as of the end of the immediately preceding quarter of
Holdings' taxable year, (e) any of the tests described in this
paragraph (4) are not satisfied as the result of the acquisition of a
security or property during the current quarter of Holdings'
taxable year, (f) Holdings delivers within 10 days of the end of the
current quarter of Holdings' taxable year to Buyer notice that
such test is not satisfied, (g) such test is satisfied within the 30
day period as provided under section 856(c)(4), and (h) an officer of
Holdings certifies as to such satisfaction within such 30 day period,
and provides documentation, reasonably satisfactory to Buyer evidencing
such satisfaction.

D-3

IN WITNESS WHEREOF, I have set my
hand this            day of
                ,
                .

By:

	
			
	

Name:

	
			
	

Title:

	
			
	

D-4

SCHEDULE
1 TO OFFICER'S COMPLIANCE CERTIFICATE

CALCULATIONS
OF FINANCIAL COVENANTS
As of the quarter ended
[Date]

											
	I.		Adjusted
Tangible Net
Worth		 
	1.		Net
Worth
(book)		$                    
	 		Plus:		 
	2.		Subordinated
Debt (maturity > CSFB line
maturity)		$
	I.(a)		Total
of items
1-2		$
	 		Less:		 
	3.		Capitalized
servicing
balance		$
	4.		Goodwill		$
	5.		Receivables
or advances due from shareholders, affiliates,
 employees or
related
parties		$
	6.		Trademarks		$
	7.		Capitalized
organizational
expenses		$
	8.		Copyrights		$
	9.		Tradenames		$
	10.		Restricted
Cash		$
	11.		Deferred
Charges		$
	12.		Prepaid
assets		$
	13.		Investments in related
entities, partnerships		$
	14.		Any
other intangible
assets		$
	I.(b)		Total
of items
3-14		$
	I.(c)		Actual
Adjusted Tangible Net Worth (a minus
b)		$
	 		Adjusted Tangible Net
Worth
Covenant		$
	 		Compliance?		Yes/No
	II.		Leverage
Ratio		 
	 		Total Debt
divided by Adjusted Tangible Net Worth –
Actual		xx.x
	 		Leverage
Covenant		xx.x
	 		Compliance?		Yes/No
	

D-5

SCHEDULE 2 TO OFFICER'S
COMPLIANCE CERTIFICATE

INDEBTEDNESS as of
                                                           

															
	LENDER		TOTAL
COMMITMENT		OUTSTANDING
 INDEBTEDNESS		EXPIRATION
DATE
	 		 	 	 		 	 	 		 	 	 
	 		 	 	 		 	 	 		 	 	 
	 		 	 	 		 	 	 		 	 	 
	 		 	 	 		 	 	 		 	 	 
	

D-6

SCHEDULE 3 TO OFFICER'S
COMPLIANCE CERTIFICATE

PURCHASED MORTGAGE
LOANS

D-7

SCHEDULE 4 TO OFFICER'S
COMPLIANCE CERTIFICATE

OVERALL MORTGAGE LOAN
ORIGINATIONS

											
	MORTGAGE
LOAN TYPE		TOTAL NUMBER OF
 MORTGAGE
LOANS
 ORIGINATED		AGGREGATE PRINCIPAL
 BALANCE OF
MORTGAGE
 LOANS
ORIGINATED
	Alt-A
Mortgage Loans		 	 	 		 	 	 
	Conforming Mortgage
Loans		 	 	 		 	 	 
	HELOCs		 	 	 		 	 	 
	Jumbo
Mortgage Loans		 	 	 		 	 	 
	Second Lien
Mortgage Loans		 	 	 		 	 	 
	Sub-Prime Mortgage
Loans		 	 	 		 	 	 
	

D-8

SCHEDULE 5 TO OFFICER'S
COMPLIANCE CERTIFICATE

Interest Rate
Protection Agreements

D-9

SCHEDULE 6 TO OFFICER'S
COMPLIANCE CERTIFICATE

CALCULATIONS FOR REIT
QUALIFICATION
As of the quarter ended
[Date]

											
	I.		75%
of Gross Income (section
856(c)(3)):		 	 	 
	1.		Gross income for
quarter		$	                    	 
	2.		Qualifying
income under section
856(c)(3)		$		 
	3.		Line 2 divided by
Line 1 (cannot be less than
0.75)		 	 	 
	II.		95%
of Gross Income (section
856(c)(2)):		 	 	 
	4.		Qualifying
income under section
856(c)(2)		 	 	 
	5.		Line 4 divided by Line
1 (cannot be less than
0.95)		 	 	 
	III.		75%
of Total Assets (section
856(c)(4)(A)):		 	 	 
	6.		Value of
total assets		$		 
	7.		Qualifying assets
under section 856(c)(4)(A)		$		 
	8.		Line
7 divided by Line 6 (cannot be less than
0.75)		 	 	 
	IV.		25%
of Total Assets (section
856(c)(4)(B)(i)):		 	 	 
	9.		Value of
securities held (other than those included in Line
7)		$		 
	10.		Line 9 divided by Line 6
(cannot be more than
0.25)		 	 	 
	V.		20%
of Total Assets (section
856(c)(4)(B)(ii)):		 	 	 
	11.		Value of
securities of one or more taxable REIT
subsidiaries		$		 
	12.		Line 11 divided
by Line 6 (cannot be more than
0.2)		 	 	 
	VI.		5%
of Total Assets (section
856(c)(4)(B)(iii)(I)):		 	 	 
	13.		Value
of securities held of each issuer (except for those included in

Line 7 or Line 11)		 	 	 
	14.		Line 13
divided by Line 6 (cannot be more than
0.05)		 	 	 
	

D-10

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