Document:

ISORAY,
      INC.

    AMENDED
      AND RESTATED 2006 DIRECTOR STOCK OPTION PLAN

     

    1. PURPOSE
      OF PLAN.

     

    (a) General
      Purpose.
      The
      purpose of the ISORAY,
      INC. AMENDED AND RESTATED 2006 DIRECTOR STOCK OPTION PLAN ("Plan")
      is to
      further the interests of IsoRay, Inc., a Minnesota corporation (the "Corporation"),
      and
      its subsidiaries (i) by providing an incentive based form of compensation
      to the current and former directors of the Corporation, its subsidiaries, and
      their predecessor companies in many instances in lieu of cash compensation
      and
      (ii) by encouraging such persons to invest in shares of the Corporation's
      Common Stock, thereby acquiring a proprietary interest in its business and
      the
      business of its subsidiaries and an increased personal interest in its continued
      success and progress.

     

    (b) Incentive
      Stock Options.
      Some
      one or more of the options granted under the Plan may be intended to qualify
      as
      an "incentive
      stock option"
      as
      defined in Section 422 of the Internal Revenue Code of 1986, as amended
      (the "Code"),
      and
      any grant of such an option shall clearly specify that such option is intended
      to so qualify. If no such specification is made, an option granted hereunder
      shall not be intended to qualify as an "incentive
      stock option."
      The
      employees eligible to be considered for the grant of incentive stock options
      hereunder are any persons regularly employed by the Corporation in a managerial
      capacity on a full-time, salaried basis.

     

    2. STOCK
      AND MAXIMUM NUMBER OF SHARES SUBJECT TO PLAN.

     

    (a) Description
      of Stock and Maximum Shares Allocated.
      The
      stock subject to the provisions of the Plan and issuable upon exercise of
      options granted under the Plan are shares of the Corporation's Common Stock,
      $.001 par value, which may be either unissued or treasury shares, as the
      Corporation's Board of Directors (the "Board")
      may
      from time to time determine. Subject to adjustment as provided in
      Section 7, the aggregate number of shares of Common Stock covered by the
      Plan and issuable upon exercise of all options granted hereunder shall be
      1,000,000 shares, which shares shall be reserved for use upon the exercise
      of
      options to be granted from time to time.

     

    (b) Restoration
      of Unpurchased Shares.
      If an
      option expires or terminates for any reason prior to its exercise in full and
      before the term of the Plan expires, the shares subject to, but not issued
      under
      such option shall again be available for other options thereafter
      granted.

     

    3. ADMINISTRATION;
      AMENDMENTS.

     

    (a) Administration
      by Board.
      The Plan
      shall be administered by the Board with full power to administer the Plan,
      to
      interpret the Plan and to establish and amend rules and regulations for its
      administration. 

     

    (b) Exercise
      Price.
      Upon
      the grant of any option, the Board shall specify the exercise price for the
      shares issuable upon exercise of options granted, which exercise price shall
      in
      no event be less than 100% of the Fair Market Value per share on the date such
      option is granted. 

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (c) Fair
      Market Value.
      The
      Fair Market Value of a share of Common Stock on any particular day shall be
      determined as follows:

     

    (1) If
      the
      shares are listed or admitted to trading on any securities exchange, the fair
      market value shall be the average sales price on such day on the New York Stock
      Exchange, or if the shares have not been listed or admitted to trading on the
      New York Stock Exchange, on such other securities exchange on which such stock
      is then listed or admitted to trading, or if no sale takes place on such day
      on
      any such exchange, the average of the closing bid and asked price on such day
      as
      officially quoted on any such exchange;

     

    (2) If
      the
      shares are not then listed or admitted to trading on any securities exchange,
      the fair market value shall be the average sales price on such day or, if no
      sale takes place on such day, the average of the reported closing bid and asked
      price on such date, in the over-the-counter market as furnished by the National
      Association of Securities Dealers Automated Quotation ("NASDAQ"),
      or if
      NASDAQ at the time is not engaged in the business of reporting such prices,
      as
      furnished by any similar firm then engaged in such business and selected by
      the
      Board; or

     

    (3) If
      the
      shares are not then listed or admitted to trading in the over-the-counter
      market, the fair market value shall be the amount determined by the Board in
      a
      manner consistent with Treasury Regulation Section 20-2031-2 promulgated
      under the Code or in such other manner prescribed by the Secretary of the
      Treasury or the Internal Revenue Service.

     

    (4) If
      the
      Board determines that the price as determined in Section 3(c)(1) - (3) above
      does not represent the fair market value of a share of Common Stock, the Board
      may then consider such other factors as it deems appropriate and then fix the
      Fair Market Value for the purposes of this Plan.

     

    (d) Interpretation.
      The
      interpretation and construction by the Board of the terms and provisions of
      this
      Plan and of the agreements governing options and rights granted under the Plan
      shall be final and conclusive. No member of the Board shall be liable for any
      action taken or determination made in good faith.

     

    (e) Amendments
      to Plan.
      The
      Board may, without action on the part of the stockholders of the Corporation,
      make such amendments to, changes in and additions to the Plan as it may, from
      time to time, deem proper and in the best interests of the Corporation; provided
      that the Board may not, without consent of the holder, take any action which
      disqualifies any option granted under the Plan as an incentive stock option
      for
      treatment as such or which adversely affects or impairs the rights of the holder
      of any option outstanding under the Plan.

     

    (f) Termination
      of the Plan.
      This
      Plan
      may be abandoned, suspended, or terminated at any time by the Board; provided,
      however, that abandonment, suspension, or termination of this Plan shall not
      affect any Options then outstanding under this Plan. 

     

    4. PARTICIPANTS;
      DURATION OF PLAN.

     

    (a) Eligibility
      and Participation.
      Options
      may be granted in the total amount for the period as allocated by the Board
      as
      provided in Section 4(b) below only to persons who at the time of grant are
      current or former directors of the Corporation, its subsidiaries or their
      predecessor companies; provided, however, that no incentive stock option may
      be
      granted to a director of the Corporation unless such person is also an executive
      employee of the Corporation.

     

    
      
         

      

      
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    (b) Allotment.
      The
      Board shall determine the aggregate number of shares of Common Stock which
      may
      be optioned from time to time but the Board shall have sole authority to
      determine the number of shares and the recipient thereof to be optioned at
      any
      time. The Board shall not be required to grant all options allocated by the
      Board for any given period if it determines, in its sole and exclusive judgment,
      that such grant is not in the best interests of the Corporation. The grant
      of an
      option to any person shall neither entitle such individual to, nor disqualify
      such individual from, participation in any other grant of options under the
      Plan.

     

    (c) Limitation
      on Grant of Incentive Stock Options.
      Notwithstanding
      any other provision of this Plan, no person shall be granted an "incentive
      stock option"
      under
      this Plan which would cause such person's "annual
      vesting amount"
      to
      exceed $100,000.00. With respect to any calendar year, a person's "annual
      vesting amount"
      is the
      aggregate fair market value of stock subject to incentive stock options with
      respect to which such options are first exercisable during such calendar year.
      For purposes of the foregoing, the aggregate fair market value of stock with
      respect to which "incentive
      stock options"
      are
      first exercisable during any calendar year shall be determined by taking into
      account all such options granted to such person under all incentive stock option
      plans of the Corporation or of any of its parent or subsidiary
      corporations.

     

    (d) Duration
      of Plan.
      The
      term of the Plan, unless previously terminated by the Board, is ten years or
      until August 15, 2016. No option shall be granted under the Plan unless granted
      within ten years after the adoption of the Plan by the Board, but options
      outstanding on that date shall not be terminated or otherwise affected by virtue
      of the Plan's expiration.

     

    (e) Approval
      of Stockholders.
      If the
      Board issues any incentive stock options, solely for the purposes of compliance
      with the Code provisions pertaining to incentive stock options, the Plan shall
      be submitted to the stockholders of the Corporation for their approval at a
      regular meeting to be held within twelve months after adoption of the Plan
      by
      the Board. Stockholder approval shall be evidenced by the affirmative vote
      of
      the holders of a majority of the shares of Common Stock present in person or
      by
      proxy and voting at the meeting. If the stockholders decline to approve the
      Plan
      at such meeting or if the Plan is not approved by the stockholders within twelve
      months after its adoption by the Board, no incentive stock options may be issued
      under the Plan but all options granted under the Plan shall remain in full
      force
      and effect regardless of stockholder approval and the Plan may be used for
      future nonincentive stock option issuances. If stockholders fail to approve
      the
      Plan, all previously issued incentive stock options shall be automatically
      converted to nonincentive stock options.

     

    5. TERMS
      AND CONDITIONS OF OPTIONS AND RIGHTS.

     

    (a) Individual
      Agreements.
      Options
      granted under the Plan shall be evidenced by agreements in such form as the
      Board from time to time approves, which agreements shall substantially comply
      with and be subject to the terms of the Plan, including the terms and conditions
      of this Section 5.

     

    (b) Required
      Provisions.
      Each
      agreement shall state (i) the total number of shares to which it pertains,
      (ii) the exercise price for the shares covered by the option,
      (iii) the time at which the option becomes exercisable, (iv) the
      scheduled expiration date of the option, (v) the vesting period(s) for such
      options, and (vi) the timing and conditions of issuance of any stock option
      exercise.

     

    
      
         

      

      
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    (c) Period.
      No
      option granted under the Plan shall be exercisable for a period in excess of
      ten
      years from the date of its grant. All options granted shall be subject to
      earlier termination as provided in Section 6 or as otherwise set forth in
      the agreement granting the option. Unless otherwise provided in the agreement
      granting the Stock Option itself, an option may be exercised in full or in
      part
      at any time or from time to time during the term thereof, or provide for its
      exercise in stated installments at stated times during such term.

     

    (d) No
      Fractional Shares.
      Options
      shall be granted and exercisable only for whole shares; no fractional shares
      will be issuable upon exercise of any option granted under the
      Plan.

     

    (e) Method
      of Exercising Option.
      The
      method for exercising options granted to former employees of the Corporation
      or
      of its subsidiaries shall be set forth in the agreement granting the option
      itself. All other options shall be exercised by written notice to the
      Corporation, addressed to the Corporation at its principal place of business.
      Such notice shall state the election to exercise the option and the number
      of
      shares with respect to which it is being exercised, and shall be signed by
      the
      person exercising the option. Such notice shall be accompanied by payment in
      full of the exercise price for the number of shares being purchased. Payment
      may
      be made in cash or by bank cashier's check, or if permitted by the terms of
      the
      option itself, by allocating compensation due to the Grantee by the Corporation
      or by any of its subsidiaries to the Corporation as payment for the exercise
      price. In lieu of cash, if permitted by the option itself, such payment may
      be
      made in whole or in part with shares of the same class of stock as are then
      subject to the option, delivered in lieu of cash concurrently with such
      exercise, the shares so delivered to be valued on the basis of the fair market
      value of the stock (determined in a manner specified in the instrument
      evidencing the option) on the day preceding the date of exercise. Alternatively,
      if permitted by the option itself, the Grantee may, in lieu of using previously
      outstanding shares therefore, use some of the shares as to which the option
      is
      then being exercised. The Corporation shall deliver a certificate or
      certificates representing the option shares to the purchaser as soon as
      practicable after payment for those shares has been received. If an option
      is
      exercised by any person other than the optionholder, such notice shall be
      accompanied by appropriate proof of the right of such person to exercise the
      option. All shares that are purchased and paid for in full upon the exercise
      of
      an option shall be fully paid and non-assessable.

     

    (f) No
      Rights of a Stockholder.
      An
      optionholder shall have no rights as a stockholder with respect to shares
      covered by an option. No adjustment will be made for dividends with respect
      to
      an option for which the record date is prior to the date a stock certificate
      is
      issued upon exercise of an option. Upon exercise of an option, the holder of
      the
      shares of Common Stock so received shall have all rights of a stockholder of
      the
      Corporation as of the date of issuance.

     

    (g) Effect
      of Plan on Employment and Director Status. The
      fact
      that the Board has granted an Option to an Optionee under this Plan shall not
      confer on such Optionee any right to employment or directorship with the
      Corporation or to a position as an officer, director or employee of the
      Corporation, nor shall it limit the right of the Corporation or its shareholders
      to remove such Optionee from any position held by the Optionee or to terminate
      the Optionee's employment or directorship at any time.

     

    
      
         

      

      
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    (h) Compliance
      with Law.
      No
      shares of Corporation Common Stock shall be issued or transferred upon the
      exercise of any option unless and until all legal requirements applicable to
      the
      issuance or transfer of such shares have been completed.

     

    (i) Other
      Provisions.
      The
      option agreements may contain such other provisions as the Board deems necessary
      to effectuate the sense and purpose of the Plan, including covenants on the
      holder's part not to compete and remedies to the Corporation in the event of
      the
      breach of any such covenant.

     

    6. ASSIGNABILITY;
      EMPLOYMENT AGREEMENT PROVISIONS.

     

    (a) Assignability.
      Options
      granted under the Plan and the privileges conferred thereby shall not be
      assignable or transferable, unless the Board provides otherwise. Options shall
      be exercisable by such transferee as set forth in this
      Section 6.

     

    (b) Employment
      Agreement Provisions.
      Notwithstanding anything to the contrary in this Section 6, the provisions
      in an
      employee's employment agreement with the Corporation or any of its subsidiaries
      relating to vesting and exercise of options upon such employee's termination,
      resignation, disability or death shall control the vesting and exercise of
      the
      options granted to such employee.

     

    (c) Termination
      of Director Service.
      Notwithstanding anything in this Plan to the contrary, the termination of
      service by a director for whatever reason or such director's death or disability
      shall not affect the exercise period provided in such director's individual
      option agreement.

     

    7. CERTAIN
      ADJUSTMENTS.

     

    (a) Capital
      Adjustments.
      Except
      as limited by Section 422 of the Code, the aggregate number of shares of
      Common Stock subject to the Plan, the number of shares covered by outstanding
      options, and the price per share stated in such options shall be proportionately
      adjusted for any increase or decrease in the number of outstanding shares of
      Common Stock of the Corporation resulting from a subdivision or consolidation
      of
      shares or any other capital adjustment or the payment of a stock dividend or
      any
      other increase or decrease in the number of such shares effected without receipt
      by the Corporation of consideration therefor in money, services or
      property.

     

    (b) Corporate
      Reorganizations. Upon
      the
      dissolution or liquidation of the Corporation, or upon a reorganization, merger
      or consolidation of the Corporation as a result of which the outstanding
      securities of the class then subject to options hereunder are changed into
      or
      exchanged for cash or property or securities not of the Corporation's issue,
      or
      any combination thereof, or upon a sale of substantially all of the property
      of
      the Corporation to, or the acquisition of stock representing more than eighty
      percent (80%) of the voting power of the stock of the Corporation then
      outstanding by another corporation or by a group of persons who are required
      to
      file a Form 13D under the Securities Exchange Act of 1934 ("34
      Act"),
      the
      Plan shall terminate, and all options theretofore granted hereunder shall
      terminate, unless provision be made in writing in connection with such
      transaction for the continuance of the Plan or for the assumption of options
      covering the stock of a successor corporation, or a parent or a subsidiary
      thereof, with appropriate adjustments as to the number and kind of shares and
      prices, in which event the Plan and options theretofore granted shall continue
      in the manner and under the terms so provided. If the Plan and unexercised
      options shall terminate pursuant to the foregoing sentence, all persons entitled
      to exercise any unexercised portions of options then outstanding shall have
      the
      right, at such time prior to the consummation of the transaction causing such
      termination as the Corporation shall designate, to exercise the unexercised
      portions of their options, including the portions thereof which would, but
      for
      this paragraph entitled "Corporate
      Reorganizations,"
      not yet
      be exercisable. 

     

    
      
         

      

      
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    8. COMPLIANCE
      WITH LEGAL REQUIREMENTS. 

     

    (a) For
      Investment Only.
      If, at
      the time of exercise of this option, there is not in effect as to the Option
      Shares being purchased a registration statement under the Securities Act of
      1933, as amended (or any successor statute) (collectively, the "1933
      Act"),
      then
      the exercise of this option shall be effective only upon receipt by the
      Corporation from the director (or his legal representatives or heirs) of a
      written representation that the Option Shares are being purchased for investment
      and not for distribution. 

     

    (b) Listing
      and Registration of Option Shares. Any
      Option granted under the Plan shall be subject to the requirement that if at
      any
      time the Board shall determine, in its discretion, that the listing,
      registration, or qualification of the shares covered thereby upon any securities
      exchange or under any state or federal law or the consent or approval of any
      governmental regulatory body is necessary or desirable as a condition of, or
      in
      connection with, the granting of such Option or the issuance or purchase of
      shares thereunder, such Option may not be exercised in whole or in part unless
      and until such listing, registration, qualification, consent, or approval shall
      have been effected or obtained free of any conditions not acceptable to the
      Board. 

     

    (c) Compliance
      with Section 16 of the Securities Exchange Act of 1934.
      It is
      the intention of the Corporation that the Plan and Options hereunder satisfy
      and
      be interpreted in a manner, that, in the case of Optionees, satisfies the
      applicable requirements of Rule 16b-3 promulgated under Section 16(b) of the
      Exchange Act, so that such persons will be entitled to the benefits of Rule
      16b-3 or other exemptive rules under Section 16 of the Exchange Act and will
      not
      be subject to avoidable liability thereunder. If any provision of the Plan
      or of
      any Option Agreement would otherwise frustrate or conflict with the intent
      expressed in this Paragraph 8(c), that provision to the extent possible shall
      be
      interpreted and deemed amended so as to avoid such conflict. To the extent
      of
      any remaining irreconcilable conflict with such intent, the provision shall
      be
      deemed void as applicable to any person who is subject to Section 16 of the
      Exchange Act. 

     

    9. APPLICATION
      OF FUNDS.

     

    The
      proceeds received by the Corporation from the sale of Common Stock pursuant
      to
      the exercise of options will be used for general corporate
      purposes.

     

    10. WITHHOLDING
      OF TAXES. 

     

    The
      Corporation shall have the right to deduct from any other compensation of the
      option holder any federal, state or local income taxes (including FICA) required
      by law to be withheld with respect to the granting or exercise of any
      options.

     

    11. EXPENSES
      OF ADMINISTRATION OF PLAN.

     

    All
      costs
      and expenses incurred in the operation and administration of this Plan shall
      be
      borne by the Corporation or one or more of its subsidiaries.

     

    
      
         

      

      
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    12. GOVERNING
      LAW.

     

    Without
      regard to the principles of conflicts of laws, the laws of the State of
      Minnesota shall govern and control the validity, interpretation, performance,
      and enforcement of this Plan.

     

    13. INSPECTION
      OF PLAN.

     

    A
      copy of
      this Plan, and any amendments thereto or modification thereof, shall be
      maintained by the Secretary of the Corporation and shall be shown to any proper
      person making inquiry about it.

     

    DATED
      as of
      the 4th
      day of
      December, 2006.

     

    

    
      	 	
              ISORAY,
                INC.,

            
	 	
              a
                Minnesota corporation

            
	 	 	 
	 	 	 
	 	
              By
                

            	
              /s/
                Roger Girard

            
	 	 	
              Roger
                Girard

            
	 	 	
              Chief
                Executive Officer

            

    

    

    
      
         

      

      
        7Unassociated Document

    EXHIBIT
      10.1

     

    OPTION
      AGREEMENT

     

    

     

    BETWEEN:

     

    

     

    NORTHWIND
      RESOURCES LTD.

     

    

     

    -
      and -

     

    

     

    BOULDER
      CREEK EXPLORATIONS INC. 

     

    (currently
      changing its name to “CanAm Uranium Corp.”)

     

    

     

    

     

    CONCERNING:

     

    THE
      WHEELER - BECKETT SASKATCHEWAN CLAIMS

     

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    OPTION
      AGREEMENT

     

    THIS
      AGREEMENT,
      made
      effective as of the 28th day
      of
      November, 2006 

     

    BETWEEN:

     

    

     

    NORTHWIND
      RESOURCES LTD., a
      corporation incorporated under the laws of the Province of
      Saskatchewan,

     

    (the
      “Optionor”)
      

     

    -
      and
      -

     

    BOULDER
      CREEK EXPLORATIONS INC. (currently changing its name to “CanAm Uranium Corp.”),
a
      corporation incorporated under the laws of the State of Nevada, USA

     

    (the
      “Optionee”)
      

     

    (collectively,
      the “Parties”
and
      each, a “Party”)

     

    

     

    WITNESSETH
      THAT:

     

    WHEREAS
      the
      Optionor owns and holds directly 100% of the right, title and interest in and
      to
      the Property; 

     

    AND
      WHEREAS
      the
      Parties now wish to enter into this Agreement in order to grant the Option
      to
      the Optionee, all for the consideration and upon the terms and conditions set
      forth herein;

     

    NOW
      THEREFORE
      in
      consideration of the mutual covenants herein contained, the Parties agree as
      follows:

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    ARTICLE
      1  DEFINITIONS
      AND PRINCIPLES OF INTERPRETATION

     

    1.1  Definitions

     

    Capitalized
      words and phrases used in this Agreement shall have the meaning given to such
      words and phrases below:

     

    “Affiliate”
      means
      any
      corporation, company, partnership, joint venture or firm that controls, is
      controlled by or is under common control with a Person. 

     

    “Agreement”
means
      this Option Agreement, including all schedules, and all instruments
      supplementing, amending or confirming this Agreement and references to “Article”
or “Section” are to the specified article or section of this
      Agreement.

     

    “Applicable
      Law”
means
      any applicable Canadian or provincial regulation, rule, by-law, ordinance,
      order, policy or consent, including the common law, as well as any other
      enactment, treaty, official directive or guideline issued by a Governmental
      Authority and the terms and conditions of any permit, licence or similar
      document or approval issued by a Governmental Authority, and shall also include
      any order, judgment, decree, injunction, ruling, award or declaration, or other
      decision of whatsoever nature of a court, administrative or quasi-judicial
      tribunal, an arbitrator or arbitration panel or a Governmental Authority of
      competent jurisdiction that is not subject to appeal or that has not been
      appealed within the requisite time therefore.

     

    “Boulder
      Creek Exploration Inc. Shares”
means
      the issued and outstanding shares of the Optionee, which carry the right to
      vote
      at shareholders’ meetings, the right to receive dividends and the right to a
      proportionate share of assets upon dissolution, as constituted on the Effective
      Date.

     

    “Business
      Day”
means
      a
      day, other than a Saturday, Sunday or statutory holiday, on which the principal
      commercial banks located at Vancouver, British Columbia are open for business
      during normal banking hours.

     

    “Claim”
means
      any legal claim, demand, action, cause of action, damage, loss, cost, liability
      or expense, including reasonable legal fees and all reasonable. Costs incurred
      in investigating or pursuing any of the foregoing or any proceeding relating
      to
      any of the foregoing.

     

    “Costs”
means
      any and all damages, including exemplary and punitive damages, losses, including
      economic losses, costs, expenses, liabilities and obligations of whatsoever
      kind, direct or indirect, including fines, penalties, interest, lawyers’ fees
      and disbursements, and taxes thereon.

     

    “Effective
      Date”
means
      the date of this Agreement.

     

    “Encumbrances”
means
      any pledge, lien, restriction, charge, security Agreement, lease, conditional
      sale, title retention Agreement, mortgage, encumbrance, assignment by way of
      or
      in effect as security, or any other security interest, and any option or adverse
      Claim, of any kind or character whatsoever.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    “Environmental
      Laws”
means
      all Applicable Laws relating to the protection of the environment, including
      air, soil, surface water, ground water, wildlife or personal or real property,
      or to employee and public health and safety, and includes those Environmental
      Laws that regulate, ascribe, provide for or pertain to liabilities or
      obligations in relation to the existence, use, production, manufacture,
      processing, distribution, transport, handling, storage, removal, treatment,
      disposal, emission, discharge, migration, seepage, leakage, spillage or release
      of Substances or the construction, alteration, use or operation, demolition
      or
      decommissioning of any facilities or other real or personal
      property.

     

    “Execution
      Date”
shall
      have the meaning of the date on which this Agreement has been mutually signed
      and made effective.

     

    “Feasibility
      Study”
means
      a
      study prepared at the direction of the Optionee by a recognized firm of mining
      engineering consultants which contains a detailed examination of the feasibility
      of bringing a deposit of minerals on the Property into commercial production
      by
      the establishment of a mine, reviews all outstanding issues, contains the
      statement of the ore reserves, reviews the nature and scale of any proposed
      operation, contains an estimate of the construction costs and production costs
      and is in the form of a bankable document (meaning a document appropriate for
      presentation to a bank or other financial institutions from which a party might
      wish to secure financing).

     

    “Full
      Scale Production”
means,
      with respect to any mine, the date when output of a product from operations
      which have operated continuously at such mine for a period of at least ninety
      (90) consecutive calendar days equals or exceeds eighty percent (80%) of the
      rated plan capacity as set out in the Feasibility Study applicable to such
      mine.

     

    “Governmental
      Authorities”
means
      all applicable federal, provincial and municipal agencies, boards, tribunals,
      ministries and departments.

     

    “Indemnified
      Party” shall
      have the meaning ascribed thereto in Section 5.4 hereof.

     

    “Indemnifying
      Party” shall
      have the meaning ascribed thereto in Section 5.4 hereof.

     

    “Mineral
      Claims” or“Mineral
      Property Titles” means
      those mineral claims listed under“Mineral
      Property Titles”
      in
Schedule
      A
      and
      identified in Schedule
      B
      both
      attached hereto as well as all additional mineral properties acquired pursuant
      to Article 3.1 hereof.

     

    “Miscellaneous
      Interests”
means
      the interests of the Optionor in all property, assets and rights (other than
      the
      Property) ancillary to the Property to which the Optionor is entitled including,
      but not limited to, the interests of the Optionor in:

     

    (a)  any
      known
      Studies;

     

    (b)  all
      documents relating to the Property and the operations conducted there under
      or
      any rights in relation thereto;

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (c)  all
      subsisting rights to enter upon, use and occupy the surface of any lands forming
      part of the Property or of any lands to be traversed in order to gain access
      to
      any of the lands forming part of the Property;

     

    (d)  all
      assignable permits, licenses and authorizations relating to the
      Property;

     

    (e)  all
      books, records, data and other information relating to the Property, including
      accounting records, plans, drawings and specifications; and

     

    (f)  all
      pre-paid expenses and deposits relating to the Property.

     

    “Notice”
      shall
      have the meaning ascribed thereto in Section 6.8 hereof.

     

    “NRR”
means
      Net Returns Royalty, defined as the value of marketable minerals produced from
      the Mineral Claims and received by the Optionee from a purchaser thereof, less
      the following deductions:

     

    
      	 	
              (i)

            	
              all,
                costs, penalties and all other deductions incurred for smelting,
                refining
                and marketing;

            

    

     

    
      	 	
              (ii)

            	
              all
                costs of transportation of materials from the Mineral Claims for
                smelting,
                refining or sale;

            

    

     

    
      	 	
              (iii)

            	
              sales,
                use, severance, government royalties, and other taxes, if any, however
                denominated, payable with respect to the existence, severance, production,
                removal, sale or disposition of marketable minerals, but excluding
                any
                taxes on net income.

            

    

     

    “Optionee”
      shall
      have the meaning ascribed thereto in the recitals hereto.

     

    “Optionor”
      shall
      have the meaning ascribed thereto in the recitals hereto.

     

    “Option”
      means
      the
      100% Option of the mineral claims listed under“Mineral
      Property Titles”
      in
Schedule
      A
      and
      identified in Schedule
      B
      both
      attached hereto as well as all additional mineral properties acquired pursuant
      to Article 3.1 hereof.

     

    “Parties”
means
      the Optionor and the Optionee together, and “Party”
means
      any one of them. 

     

    “Permitted
      Encumbrances”
      means:

     

    (a)  easements,
      rights of way, servitude and similar rights in land including, but not limited
      to, rights of way and servitude for highways and other roads, railways, sewers,
      drains, gas and oil pipelines, gas and water mains, electric power, telephone,
      telegraph or cable television conduits, poles, wires and cables which are not
      material;

     

    (b)  the
      right
      reserved to or vested in any Governmental Authority by the terms of any lease,
      licence, grant or permit forming part of the Property, or by any statutory
      provision, to terminate any such lease, licence, grant or permit or to require
      annual or other periodic payments as a condition of the continuance of them,
      as
      well as all other reservations, limitations, provisos and conditions in any
      original grant from Governmental Authorities;

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (c)  the
      right
      of any Governmental Authority to levy taxes on minerals or the revenue there
      from and governmental restrictions on production rates on the operation of
      a
      mine on the Property, as well as all other rights vested in any Governmental
      Authority to control or regulate the Property pursuant to Applicable
      Laws;

     

    (d)  any
      liens, charges or other Encumbrances:

     

    (i)  for
      taxes, assessments or governmental charges;

     

    (ii)  incurred,
      created and granted in the ordinary course of business to a public utility
      or
      Governmental Authority in connection with operations conducted with respect
      to
      the Property, but only to the extent those liens relate to Costs for which
      payment is not due; and

     

    (e)  any
      other
      rights or Encumbrances consented to in writing by the Optionee or granted by
      the
      Optionee.

     

    “Person”
means
      any individual, sole proprietorship, partnership, unincorporated association,
      unincorporated syndicate, unincorporated organization, trust, company,
      corporation or other body corporate, union, Governmental Authority and a natural
      person in his capacity as trustee, executor, administrator, or other legal
      representative.

     

    “Property”
means
      collectively the Miscellaneous Interests and all permits, licenses and other
      documents of title, including replacement or substitute forms of documents
      of
      title, by virtue of which the holder is entitled to explore for, develop,
      produce, mine, recover, remove or dispose of minerals from on or within the
      lands comprising the Mineral Claims introduced in Schedule
      A
      under“Mineral
      Property Titles”
      and
      identified in Schedule
      B.

     

    “Successors”
means
      successors and includes any successor continuing by reason of amalgamation
      or
      other reorganization and any Person to which assets are transferred by reason
      of
      a liquidation, dissolution or winding-up.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    1.2  Schedules

     

    The
      following Schedules to this Agreement, as listed below and attached, are an
      integral part of this Agreement:

     

    Schedule Description

     

    Schedule
      A  Mineral
      Property Titles of the Wheeler-Beckett Claims, Saskatchewan

     

    Northwind
      Resources Ltd.

     

    Schedule
      B Claim
      Map of the Wheeler - Beckett Claims, Saskatchewan 

     

    Northwind
      Resources Ltd.

     

    ARTICLE
      2  REPRESENTATIONS
      AND WARRANTIES

     

    2.1  Optionor’s
      Representations and Warranties

     

    The
      Optionor, to the best of its knowledge, represents and warrants to the Optionee
      at the time of the execution of this Agreement as follows:

     

    	(a)  	
            the
              Optionor is the sole registered and beneficial owner of a 100% interest
              in
              the Property comprising of the eleven (11) mineral claims listed in
              Schedule A and identified in Schedule B, both incorporated in this
              Agreement, 

          

     

    	(b)  	
            during
              the term of this Agreement, the Optionor shall take all actions and
              do all
              things necessary or desirable to ensure that (i) no liabilities are
              incurred on the Property other than with the express written consent
              of
              the Optionee; and (ii) the Property remains free and clear of all
              Encumbrances;

          

     

    	(c)  	
            the
              description of the Property set forth herein and titles listed in Schedule
              A and identified in Schedule B are true and correct;
              

          

     

    	(d)  	
            it
              has obtained all required approvals and authorizations to grant the
              Options to the Optionee, and to transfer a 100 % interest in the Property
              to the Optionee in accordance with the terms hereof, and the Optionor
              has
              sole and complete power and authority to deal with the Property in
              the
              manner contemplated in this Agreement;

          

     

    	(e)  	
            except
              for the Permitted Encumbrances and the rights of the Optionee under
              this
              Agreement, the Optionor has not done any act or suffered or permitted
              any
              action to be done whereby any Person may acquire any interest in or
              to the
              Property or minerals to be produced from the
              Property;

          

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    	(f)  	
            no
              Person has any right under preferential, pre-emptive or first purchase
              rights or otherwise to acquire any interest in the Property that might
              be
              triggered by virtue of this Agreement or the transactions contemplated
              hereby; 

          

     

    	(g)  	
            there
              is no actual, threatened or, to the best of its knowledge, contemplated
              Claim or challenge relating to the Property, nor to the best of its
              information, knowledge and belief is there any basis therefore, and
              there
              is not presently outstanding against the Optionor any judgment, decree,
              injunction, rule or order of any court, Governmental Authority or
              arbitrator which would have a material effect upon the
              Property;

          

     

    	(h)  	
            all
              taxes, assessments, rentals, levies and other payments, as well as
              all
              reports, relating to the Property and required to be made, performed
              and
              filed to and with any Governmental Authority in order to maintain the
              Property in good standing have been so made, performed or filed, as
              the
              case may be;

          

     

    	(i)  	
            the
              Property is in good standing and in full compliance with the mining
              legislation and regulations of the Province of
              Saskatchewan;

          

     

    	(j)  	
            to
              the best of the Optionor’s knowledge there has been no Claim made by any
              Aboriginal Peoples, nor is there any basis therefore, with respect
              to any
              right or interest in or to the Property;

          

     

    	(k)  	
            to
              the best of the Optionor’s knowledge, conditions on and relating to the
              Property respecting all past and current operations thereon are in
              compliance in all material respects with all Applicable Laws, including
              all Environmental Laws;

          

     

    	(l)  	
            it
              has not received any notice of, or communication relating to, any actual
              or alleged breach of any Environmental Laws, and there are no outstanding
              work orders or actions required to be taken relating to environmental
              matters respecting the Property or any operations carried out
              thereon.

          

     

    Each
      Party represents and warrants to the other as follows:

     

    (a)  the
      execution, delivery and performance of this Agreement do not, and the
      fulfillment and compliance with the terms and conditions hereof by it (to the
      extent required herein) and the consummation of the transactions contemplated
      hereby will not, conflict with any of, or require the consent or waiver of
      rights of any Person under, its constating documents or by-laws, nor to the
      best
      of its knowledge do or will any of the foregoing:

     

    (i)  violate
      any provision of or require any consent, authorization or approval under any
      Applicable Law;

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (ii)  conflict
      with, result in a breach of, constitute a default under (whether with notice
      or
      the lapse of time or both), accelerate or permit the acceleration of the
      performance required by, or require any consent, authorization or approval
      which
      has not been obtained under any Agreement or instrument to which it is a party
      or by which it is bound or to which any of its property is subject;
      or

     

    (iii)  result
      in
      the creation of any Encumbrance upon its interest in the Property, in the case
      of the Optionor;

     

    (b)  it
      has
      all necessary power, authority and capacity to enter into this Agreement and
      to
      carry out its obligations under this Agreement and the execution and delivery
      of
      this Agreement and the consummation of the transactions contemplated in this
      Agreement have been duly authorized by all necessary corporate action on its
      part;

     

    (c)  this
      Agreement constitutes a valid and binding obligation of it, enforceable against
      it in accordance with the terms of this Agreement, subject, however, to
      limitations with respect to enforcement imposed by law in connection with
      bankruptcy or similar proceedings and to the extent that equitable remedies
      such
      as specific performance and injunction are in the discretion of the court from
      which they are sought.

     

    No
      investigations made by or on behalf of a Party at any time shall have the effect
      of waiving, diminishing the scope of or otherwise affecting any representation
      or warranty made by the other Party in or pursuant to this Agreement. No waiver
      by a Party of any condition or other provision, in whole or in part, shall
      constitute a waiver of any other condition or provision.

     

    ARTICLE
      3  OPTION

     

    3.1  Grant
      of 100% Option

     

    The
      Optionor hereby grants to the Optionee the sole and exclusive right and Option
      exercisable in the manner described herein, to acquire a 100% legal and
      beneficial interest in the Property free and clear of all Encumbrances and
      Claims: 

     

    (a)    Cash
      payments made by the Optionee to the Optionor, as follows:

     

    
      	
              Due
                on the Execution Date

            	
              Cdn
                $150,000

            
	
              Payment
                payable upon the one year anniversary of the Execution
                Date

            	
              Cdn
                $100,000

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	 	
              (b)

            	
              the
                issuance by the Optionee of Boulder
                Creek Exploration Inc. shares
                to
                the Optionor, as follows: 

            

    

     

    Within
      15
      days of the Execution Date of this Agreement 500,000 shares restricted for
      no
      more than 1 year

     

    Within
      365 days of the Execution Date of this Agreement 500,000 shares restricted
      for
      no more than 1 year

     

    Forthwith
      upon completion of both events set forth in subsections 3.1(a) and (b) the
      Optionor will take all actions and do all things necessary or desirable to
      effect a transfer of a 100% of the right, title and interest in and to the
      Property to the Optionee in accordance with Article 3.4 below. 

     

    3.2  Notice
      of Option

     

    The
      Optionee shall have the right to register notice of this Agreement for the
      sole
      purpose of giving notice of its Option rights hereunder. Such notice shall
      be
      removed by the Optionee upon termination of this Agreement.

     

    3.3  Net
      Returns Royalty (NRR)

     

    The
      Optionee acknowledges and agrees that upon exercising the Option to its 100%
      interest in the Property shall, upon commencement of Full Scale Production,
      be
      subject to a 21⁄2% (two and one-half percent) Net Returns Royalty interest in
      favour of the Optionor. The Optionee shall have the right to purchase at any
      time from the Optionor 2% (two percent) of the NRR from the 21⁄2% for a total cash
      sum of Cdn$1,000,000 (one million Canadian dollars) leaving the Optionor with
      a
1⁄2% (one-half percent) NRR.

     

    The
      NRR
      obligation of the Optionee to the Optionor shall be payable in equal quarterly
      instalments commencing at the end of the first full calendar quarter during
      which such NRR becomes payable. The reasonably estimated amount of the NRR,
      if
      any, payable for each calendar quarter shall be paid within 60 days after the
      end of the quarter to which it relates, accompanied by a statement for the
      quarter in question. The balance, if any, of the NRR payable for a full calendar
      year shall be paid within 60 days after the end of the calendar year in
      question, accompanied by a statement of the NRR for such year, duly certified
      by
      a chartered accountant appointed for such purpose. Any overpayment for a
      calendar year shall be deductible from payments due in subsequent year(s).
      

     

    VESTING
      OF INTEREST

     

    3.4  Vesting
      of 100% Interest

     

    Should
      the Optionee take all actions and do all things necessary to exercise the 100%
      interest Option in accordance with Section 3.1, then:

     

    (a)  the
      Optionee shall give notice to the Optionor of such fact;

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (b)  the
      Optionor will take all actions and do all things necessary or desirable to
      effect a transfer of a 100% right, title and interest in and to the Property
      to
      the Optionee, such that the Optionee thereafter holds a 100% interest in the
      Property clear of any encumbrances except permitted encumbrances and applicable
      NRR.

     

    ARTICLE
      4  OPTION
      PERIOD OPERATIONS

     

    4.1  Option
      Period Matters

     

    (a)  During
      the Option Period:

     

    (i)  the
      Optionee at such time shall have the sole and exclusive right to carry out
      exploration programs on the Property, and each of the Parties shall have the
      right of reasonable access to the Property;

     

    (ii)  the
      Optionee at such time shall maintain the Property in good standing by paying
      all
      appropriate mining duties, taxes or other applicable fees and filing all
      exploration reports, including those duties and reports referred to in the
      mining legislations and regulations of the Province of Saskatchewan;

     

    (iii)  the
      Optionee shall ensure that all work so performed is done in accordance with
      good
      mining practice and in compliance with all Applicable Laws and shall indemnify
      the other Party from and against all Claims in respect of such work, including
      liens arising from the non-payment of workers or suppliers;

     

    ARTICLE
      5  CONFIDENTIALITY
      AND INFORMATION

     

    5.1  Confidentiality
      of Information

     

    All
      information provided to or received by the Parties hereunder shall be treated
      as
      Confidential (“Confidential
      Information”).
      The
      Optionee and the Optionor shall each solicit the consent of the other to the
      disclosure of Confidential Information in circumstances other than those set
      forth in Section 5.2 and such consent shall not be unreasonably withheld or
      delayed.

     

    5.2  Permitted
      Disclosure

     

    The
      consent required by Section 5.1 shall not apply to a disclosure to:

     

    (a)  comply
      with any Applicable Laws, stock exchange rules or a regulatory authority having
      jurisdiction;

     

    (b)  a
      director, officer or employee of a Party;

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (c)  an
      Affiliate of a Party;

     

    (d)  a
      consultant, contractor or subcontractor of a Party that has a bona fide need
      to
      be informed;

     

    (e)  any
      third
      party to whom the disclosing Party may assign any of its rights under this
      Agreement; or

     

    provided,
      however, that in the case of Sections 5.2(e) the third party or parties, as
      the
      case may be, agree to maintain in Confidence for a period of not less than
      two
      years with respect to any of the Confidential Information so disclosed to
      them.

     

    5.3  Exception

     

    The
      obligations of Confidence and prohibitions against use under this Agreement
      shall not apply to information that the disclosing Party can show by reasonable
      documentary evidence or otherwise:

     

    (a)  as
      of the
      Effective Date, was in the public domain;

     

    (b)  after
      the
      Effective Date, was published or otherwise became part of the public domain
      through no fault of the disclosing party or an Affiliate thereof (but only
      after, and only to the extent that, it is published or otherwise becomes part
      of
      the public domain);

     

    (c)  was
      information that the disclosing party or its Affiliates were required to
      disclose pursuant to the order of any Governmental Authority or judicial
      authority.

     

    5.4  Mutual
      Indemnifications

     

    The
      Optionor covenants and agrees with the Optionee, and the Optionee covenants
      and
      agrees with the Optionor (the Party so covenanting being referred to in this
      Section as the “Indemnifying
      Party”,
      and
      the other Party being referred to in this Section as the “Indemnified
      Party”)
      that
      the Indemnifying Party shall:

     

    (a)  be
      solely
      liable and responsible for any and all Claims which the Indemnified Party or
      any
      of its respective directors, officers, servants, agents and employees, together
      with the Successors, assigns, administrators, executors, heirs and all other
      legal representatives of the foregoing, may suffer, sustain, pay or incur;
      and

     

    (b)  indemnify
      and save the Indemnified Party and its respective directors, officers, servants,
      agents and employees, together with the Successors, assigns, administrators,
      executors, heirs and all other legal representatives of the foregoing, harmless
      from any and all Claims which may be brought against or suffered by such Persons
      or which they may sustain, pay or incur,

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    as
      a
      result of, arising out of, attributable to or connected with any breach or
      non-fulfillment of any representation, warranty, covenant or Agreement on the
      part of the Indemnifying Party under this Agreement (other than a breach or
      non-fulfillment of the Optionee’s option to exercise any of the Options pursuant
      to Article 3 hereof) or any misstatement or inaccuracy of or any other
      incorrectness in or breach of any representation or warranty of the Indemnifying
      Party contained in this Agreement or in any certificate or other document
      furnished by the Indemnifying Party pursuant to this Agreement.

     

    For
      greater certainty and without limiting the generality of the foregoing, the
      Parties acknowledge and agree that the Optionee shall not be responsible for
      any
      environmental or other liabilities accrued on the Property by the Optionor
      prior
      to the Effective Date, and the Optionor hereby agrees to indemnify and hold
      harmless the Optionee and all of its directors, officers, servants, agents
      and
      employees, together with the Successors, assigns, administrators, executors,
      heirs and all other legal representatives of the Optionee, in connection with
      such matters.

     

    

     

    ARTICLE
      6 GENERAL

     

    6.1 Rules
      of Interpretation

     

    In
      this
      Agreement and the Schedule:

     

    (a)  time
      is
      of the essence in the performance of the Parties’ respective
      obligations;

     

    (b)  unless
      otherwise specified, all references to money amounts are to Canadian
      currency;

     

    (c)  the
      descriptive headings of Articles and Sections are inserted solely for
      convenience of reference and are not intended as complete or accurate
      descriptions of content and shall not be used to interpret the provisions of
      this Agreement;

     

    (d)  the
      use
      of words in the singular or plural, or with a particular gender, shall not
      limit
      the scope or exclude the application of any provision of this Agreement to
      such
      person or persons or circumstances as the context otherwise
      permits;

     

    (e)  unless
      otherwise specified, time periods within or following which any payment is
      to be
      made or act is to be done shall be calculated by excluding the day on which
      the
      period commences and including the day on which the period ends and by extending
      the period to the next Business Day following if the last day of the period
      is
      not a Business Day. Whenever any payment is to be made or any action under
      this
      Agreement is to be taken on a day other than a Business Day, such payment shall
      be made or action taken on the next Business Day following;

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (f)  the
      use
      of the words, “include” or “including” shall be deemed to mean “include, without
      limitation”, or “including, without limitation”, if applicable.

     

    6.3 Force
      Majeure

     

    (a) No
      Party
      hereto shall be liable under this Agreement to another Party for any failure
      to
      perform any of its obligations caused or arising out of any act not within
      the
      control of the Party, excluding lack of funds, but including, without
      limitation, acts said to be of God, strikes, lockouts or other industrial
      disputes, acts of a public enemy, riots, fire, storm, flood, explosion,
      government restriction, failure to obtain any approvals required from regulatory
      authorities (including environmental protection agencies, but excluding receipts
      for prospectuses or other approvals concerning financings), unavailability
      of
      equipment, interference of Persons primarily concerned about environmental
      or
      Aboriginal Peoples’ rights issues and any other cause, whether of the kind
      enumerated above or otherwise, which is not reasonably within the control of
      the
      Party (“Event
      of Force Majeure”).

     

    (b) No
      right
      of a Party shall be affected, and no Party shall be found in default, under
      this
      Agreement by the failure of such Party to meet any term or condition of this
      Agreement where such failure is caused by an Event of Force Majeure and, in
      such
      event, all times specified or provided for in this Agreement shall be extended
      by a period commensurate with the period during which the Event of Force Majeure
      causes such failure.

     

    (c) A
      Party
      affected by an Event of Force Majeure shall take all reasonable steps within
      its
      control to remedy the failure caused by such event, provided however, that
      nothing contained in this Section 6.3 shall require any Party to settle any
      labour or industrial dispute or to test the constitutionality of any law enacted
      by any Legislature or Parliament of or within Canada.

     

    (d)  Any
      Party
      relying on the provisions of this section 6.3 shall forthwith give notice to
      the
      other Party of the commencement of an Event of Force Majeure and of its
      end.

     

    6.4 Entire
      Agreement

     

    This
      Agreement, including Schedule A and B attached to this Agreement, constitute
      the
      entire Agreement between the Parties pertaining to the subject matter hereof
      and
      supersede all prior Agreements, understandings, negotiations and discussions,
      whether oral or written, of the Parties, and there are no warranties,
      representations or other Agreements between the Parties in connection with
      the
      subject matter hereof except as specifically set forth in this Agreement and
      in
      any Agreement or document delivered pursuant to this Agreement. No supplement,
      modification or waiver or termination of this Agreement shall be binding unless
      executed in writing by the Party to be bound thereby.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    6.5 Termination

     

    This
      Agreement shall be terminated upon the Optionee failing to make any of the
      cash
      payments, issue any Boulder Creek Exploration Inc. shares within the applicable
      time periods therefore prescribed by Article 3 hereof, if the Optionor has
      provided written notice of such failure to the Optionee and the Optionee has
      failed to rectify such failure within 45 days from the date of its receipt
      of
      such notice.

     

    6.6 Applicable
      Law

     

    This
      Agreement shall be construed in accordance with the laws of the Province of
      British Columbia and the laws of Canada applicable in the Province of British
      Columbia and shall be treated, in all respects, as a British Columbia
      contract.

     

    6.7 Expenses

     

    Except
      as
      otherwise provided, all Costs incurred in connection with this Agreement and
      the
      transactions contemplated hereby shall be paid by the Party incurring
      them.

     

    6.8 Notices

     

    Any
      notice or writing required or permitted to be given under this Agreement or
      any
      communication otherwise made in respect of this Agreement (referred to in this
      Section as a “Notice”)
      shall
      be sufficiently given if delivered or transmitted by facsimile:

     

    (a)    In
      the
      case of a notice to the Optionor at:

     

    Northwind
      Resources Ltd.

    PO
      Box
      26061

    Saskatoon,
      Saskatchewan, S7K 7H9

    Attention:
      David Billard

    Fax:
      (306) 382- 2212

    

    (b)    in
      the
      case of a notice to the Optionee at:

    

    Boulder
      Creek Exploration Inc. / (“CanAm Uranium Corp.”) 

    1250
      West
      Hastings Street,

    Vancouver,
      British Columbia, Canada

    Attention:
      Ryan Gibson, President

    Fax:
      (604) 357-1644

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    or
      at
      such other address as the Party to whom such Notice is to be given shall have
      last notified the Party giving the same, in the manner provided in this Section.
      Any Notice delivered to the Party to whom it is addressed as provided in this
      Section shall be deemed to have been given and received on the day it is so
      delivered at such address, provided that if such day is not a Business Day
      then
      the Notice shall be deemed to have been given and received on the Business
      Day
      next following such day. Any Notice transmitted by facsimile or other form
      of
      electronic communication shall be deemed given and received on the first
      Business Day after its transmission.

     

    6.9 Assignment
      and Successors

     

    The
      following apply with respect to assignment and Successors:

     

    (a) this
      Agreement is binding upon and shall enure to the benefit of the Parties and
      their respective Successors and permitted assignees;

     

    6.10 Execution
      in Counterparts and by Facsimile

     

    This
      Agreement may be executed by the Parties in separate counterparts and by
      facsimile, and each of which when so executed and delivered shall be an
      original, but all such counterparts shall together constitute one and the same
      instrument.

     

     

    [Remainder
      of page intentionally left blank]

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

     

    IN
      WITNESS WHEREOF
      the
      Parties have hereunto duly executed this Option Agreement as of the date first
      written above, with the understanding that this Agreement is subject to
      regulatory approval and approval by each of the Parties’ respective board of
      directors.

     

    
      	 	 	
              NORTHWIND
                RESOURCES LTD.

            
	 	 	
              Per:

            	 
	 	 	 	
              Name:
                David Billard

            
	 	 	 	
              Title:
                President

            

    

    

     

    
      	 	 	
              BOULDER
                CREEK EXPLORATION INC. (“Canam uranium corp.”)

            
	 	 	
              Per:

            	 
	 	 	 	
              Name:
                Ryan Gibson

            
	 	 	 	
              Title:
                President

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    SCHEDULE
      A

     

    Mineral
      Property Titles of the Wheeler-Beckett
      Mineral Claims, Saskatchewan

     

    Northwind
      Resources Ltd.

     

    

     

    
      	
              Disposition
                Numbers:

            	
              NTS
                Map Sheet

            	
              Disposition
                Area

            	
              Area
                in Hectares (Ha)

            
	
              S-110168

            	
              74-H-08

            	
              MACDONALD
                LAKE AREA.

            	
              4767

            
	
              S-110169

            	
              74-H-08

            	
              BECKETT
                LAKE AREA.

            	
              4831

            
	
              S-110170

            	
              74-H-08

            	
              JOHNSON
                LAKE AREA.

            	
              3466

            
	
              S-110171

            	
              74-H-08

            	
              MCPHERSON
                LAKE AREA.

            	
              3924

            
	
              S-110172

            	
              74-H-08
                & 74-H-09

            	
              MIDDLETON
                LAKE AREA.

            	
              3860

            
	
              S-110173

            	
              74-H-08
                & 74-H-09

            	
              MIDDLETON
                LAKE AREA.

            	
              5170

            
	
              S-110174

            	
              74-H-07,
                74-H-08, 74-H-09 & 74-H-10

            	
              MIDDLETON
                LAKE AREA.

            	
              5506

            
	
              S-110175

            	
              74-H-08
                & 74-H-09

            	
              KINDRACHUK
                LAKES AREA.

            	
              5277

            
	
              S-110176

            	
              74-H-09
                & 74-H-10

            	
              WHEELER
                RIVER AREA.

            	
              4775

            
	
              S-110177

            	
              74-H-09

            	
              WHEELER
                RIVER AREA.

            	
              4901

            
	
              S-110178

            	
              74-H-09

            	
              WHEELER
                RIVER AREA.

            	
              4623

            
	 	 	
              Total
                Area (Ha) 

            	
              51,100

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    

     

    SCHEDULE
      B

     

    Claim
      Map of the Wheeler-Beckett Claims, Saskatchewan

     

    Northwind
      Resources Ltd.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00114-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00114-of-00352.parquet"}]]