Document:

EXHIBIT
        10.10

       

      GENERAL
        RELEASE AND SETTLEMENT AGREEMENT

      

      To
        effect
        an orderly transition in connection with the termination of their employment
        relationship, and to transition such employment to a consulting agreement,
        IDAHO
        GENERAL MINES, INC. (“Employer”), and ROBERT L. RUSSELL (“Employee”) agree as
        follows:

      

      RECITALS

      

      1. Employee
        has been an employee of Employer, including, without limit, by virtue of
        his
        Employment Agreement, dated March 31, 2005 (the “Original Employment
        Agreement”). The Employer and Employee entered into an Amended and Restated
        Employment Agreement on January 30, 2007 (the “Amended Employment Agreement”),
        which agreement was declared void by the Employer on June 26, 2007.

      

      2. Employer
        and Employee have certain disputes and disagreements regarding Employee’s
        employment and the terms thereof, as well as various contractual disputes.
        Nevertheless, the parties wish to acknowledge their long term working
        relationship, the contributions provided by the Employee and the value provided
        by the Employee to Employer, and wish to come to an amicable resolution of
        their
        differences. 

      

      3. The
        parties further wish to change their relationship from an employment, to
        a
        consulting and advising relationship, in accordance with the terms of any
        such
        relationship. To that end, Employee is willing to resign from his employment
        with Employer and resign from the Board of Directors of Employer. Employer
        and
        Employee wish to enter into this General Release and Settlement Agreement
        (“Agreement”). 

      

      4. As
        further consideration for the mutual promises and agreements herein, Employer
        agrees to enter into the Consulting and Advisory Agreement (the “Consulting
        Agreement”) with Employee, a copy of which is attached hereto.

      as
        Exhibit “A”. 

       

      
        
           

        

        
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      5. Nothing
        in this Agreement is intended as or should be construed as an admission of
        liability by Employer or Employee.

      

      AGREEMENT

      

      For
        good
        and valuable consideration rendered to resolve and settle finally, fully
        and
        completely all matters or disputes that now exist between them the Employer
        and
        Employee agree as follows:

      

      1. RESIGNATION
        DATE AND EFFECTIVE DATE. Subject to the terms and conditions of this Agreement,
        the last day of active service by Employee as an employee of Employer or
        any of
        its affiliates and subsidiaries shall be the date this Agreement becomes
        effective (“Resignation Date”). Employee shall claim no further right to
        employment by Employer beyond the Resignation Date.

      

      1.1 This
        Agreement shall be effective upon expiration of the seven (7) day revocation
        period (the “Effective Date”) as provided in Section 18, herein. 

      

      2. WAGES
        AND
        BENEFITS. Employer shall pay Employee all compensation, benefits and other
        amounts owed Employee under the Original Employment Agreement for all time
        worked through his last date of employment. Employee shall promptly submit
        to
        Employer, during the revocation period described herein, any business expenses
        incurred prior to the Resignation Date for reimbursement. Employee will not
        be
        eligible for or considered for any bonus or other additional cash compensation
        for his services under the Original Employment Agreement or otherwise. Coverage
        under Employer’s group medical plan is effective through the Resignation Date.
        Any funds Employee has in Employer’s 401(k) plan shall be handled in accordance
        with the terms and conditions of that plan. All other compensation and benefits
        shall cease on the Resignation Date. Other than the foregoing and the amounts
        set forth in Section 3 of the this Agreement, Employer shall owe Employee
        no
        further compensation and/or benefits. 

      

      3. CONSIDERATION.
        In consideration of the promises of Employee as set forth herein, the Employer
        hereby does agree to pay to Employee, at the times set forth below,
        consideration in the sum of Two Million Five Hundred Thousand Dollars
        ($2,500,000), less income and employment taxes, so long as (i) Employee has
        not
        revoked or materially breached this Agreement or (ii) Employer has not
        terminated the Consulting Agreement pursuant to Section 13.1 thereof. Further,
        if Employer has served a notice of deficiency upon Employee, pursuant to
        said
        Section 13.1, any payments which would otherwise be due under this Agreement
        or
        the Consulting Agreement shall be suspended until the deficiency has been
        corrected, as provided in Section 13.1. Any payments previously paid by the
        Employer shall not be affected by subsequent notices of deficiency. The
        foregoing sum shall be paid as follows:

      

      
        	 	
                a.

              	
                One
                  Million Dollars ($1,000,000) on the Effective Date, anticipated
                  to be on
                  the eighth (8th)
                  day following execution of this
                  Agreement;

              

      

       

      
        
           

        

        
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                b.

              	
                Seven
                  Hundred Fifty Thousand Dollars ($750,000) payable six (6) months
                  from the
                  execution date and Seven Hundred Fifty Thousand Dollars ($750,000)
                  payable
                  twelve (12) months from the execution date.

              

      

      
        	 	 	 

        	 	
                c.

              	
                The
                  above sums shall be paid to the Estate of Robert L. Russell in
                  the event
                  of his death. 

              

      

      

      4. CHANGE
        OF
        CONTROL. Automatically upon a Change of Control, Employer shall pay to Employee
        any sums which are due but remain unpaid under Section 3 above. For purposes
        of
        this Agreement, Change of Control shall mean: 

      

      
        	 	
                a.

              	
                The
                  acquisition by any individual, entity or group (within the meaning
                  of
                  Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of
                  1934, as
                  amended (the "Exchange Act")) (a "Person") of beneficial ownership
                  (within
                  the meaning of Rule 13d-3 promulgated under the Exchange Act) of
                  50% or
                  more of either (A) the then-outstanding shares of common stock
                  of the
                  Employer (the “Company” for purposes of this Section 4)(the "Outstanding
                  Company Common Stock") or (B) the combined voting power of the
                  then-outstanding voting securities of the Company entitled to vote
                  generally in the election of directors (the "Outstanding Company
                  Voting
                  Securities"); provided, however, that, for purposes of this Section
                  4, the
                  following acquisitions shall not constitute a Change of Control:
                  (i) any
                  acquisition directly from the Company, (ii) any acquisition by
                  the
                  Company, or (iii) any acquisition by any employee benefit plan
                  (or related
                  trust) sponsored or maintained by the Company or any Affiliated
                  Company;

              

      

       

      
        
           

        

        
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                b.

              	
                consummation
                  of a reorganization, merger, statutory share exchange or consolidation
                  or
                  similar corporate transaction involving the Company or the acquisition
                  of
                  assets or stock of another entity by the Company (each, a "Business
                  Combination"), in each case unless, following such Business Combination,
                  (A) all or substantially all of the individuals and entities that
                  were the
                  beneficial owners of the Outstanding Company Common Stock and the
                  Outstanding Company Voting Securities immediately prior to such
                  Business
                  Combination beneficially own, directly or indirectly, more than
                  fifty
                  percent (50%) of the then-outstanding shares of common stock and
                  the
                  combined voting power of the then-outstanding voting securities
                  entitled
                  to vote generally in the election of directors, as the case may
                  be, of the
                  corporation resulting from such Business Combination (including,
                  without
                  limitation, a corporation that, as a result of such transaction,
                  owns the
                  Company or all or substantially all of the Company's assets either
                  directly or through one or more subsidiaries) in substantially
                  the same
                  proportions as their ownership immediately prior to such Business
                  Combination of the Outstanding Company Common Stock and the Outstanding
                  Company Voting Securities, as the case may be, and (B) no Person
                  (excluding any corporation resulting from such Business Combination
                  or any
                  employee benefit plan (or related trust) of the Company or such
                  corporation resulting from such Business Combination) beneficially
                  owns,
                  directly or indirectly, fifty percent (50%) or more of, respectively,
                  the
                  then-outstanding shares of common stock of the corporation resulting
                  from
                  such Business Combination or the combined voting power of the
                  then-outstanding voting securities of such corporation, except
                  to the
                  extent that such ownership existed prior to the Business Combination;
                  

              

      

       

      
        
           

        

        
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                c.

              	
                a
                  sale or disposition of all or substantially all of the operating
                  assets of
                  the Company to an unrelated party;
                  or

              

      

      

      
        	 	
                d.

              	
                approval
                  by the shareholders of the Company of a complete liquidation or
                  dissolution of the Company.

              

      

       

      It
        is
        specifically agreed, however, the Company’s contemplated Delaware
        reincorporation and merger to facilitate said reincorporation shall not
        constitute a Change of Control.

      

      5. RESIGNATION
        FROM BOARD OF DIRECTORS. Effective upon the Resignation Date, Employee hereby
        resigns his position as a member of the Board of Directors of Employer and
        any
        affiliate or subsidiary of Employer and shall claim no further rights or
        benefits as a Director and/or Chairman of any such Board of Directors. Employee
        shall sign a confirmation of resignation in the form attached hereto as Exhibit
        “B”.

      

      6. CONSULTING
        AND ADVISORY SERVICE. As further consideration for Employee’s promises and
        release herein, in recognition of Employee’s skills and history with Employer,
        Employer and Employee agree to enter into the Consulting and Advisory Agreement
        as of the Effective Date. 

      

      7. RELEASE
        OF CLAIMS BY EMPLOYEE. In exchange for promises contained in this Agreement
        and
        to the extent permitted by law, Employee on behalf of himself and on behalf
        of
        his marital community hereby waives, releases and forever discharges, and
        agrees
        that he will not in any manner institute, prosecute or pursue any and all
        complaints, claims, charges, liabilities, claims for relief, demands, suits,
        actions or causes of action, whether in law or in equity, which he asserts
        or
        could assert, at common law or under any statute, rule, regulation, order
        or
        law, whether federal, state or local, or on any grounds whatsoever against
        the
        Employer and/or any of its current or former owners, officials, directors,
        officers, shareholders, affiliates, agents, employee benefit plans,
        representatives, servants, employees, attorneys, subsidiaries, parents,
        divisions, branches, units, successors, predecessors and assigns (collectively
        referred to herein as “Release Parties”) with respect to any event, matter,
        claim, damage or injury arising out of his employment relationship with the
        Employer, and/or termination of such employment relationship, including,
        without
        limitation, claims sounding in tort, violation of public policy, breach of
        contract or claims arising from the Federal Age Discrimination and Employment
        Act, Americans with Disabilities Act, or Title VII of the Civil Rights Act
        of
        1964, as amended, the Fair Labor Standards Rights Act of 1964, as amended,
        the
        Employee Retirement Income Security Act, as amended, or any similar state
        statute and/or any other federal or state statute, and/or with respect to
        any
        other claim, matter or event arising prior to execution of this Agreement
        by
        Employee. It is the intent of Employee that the foregoing release encompasses
        all claims of any kind and description, specifically including, but not limited
        to, any claim relating to the action of the Board of Directors to void the
        Amended Employment Agreement. 

       

      
        
           

        

        
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      8. OUTSTANDING
        CLAIMS AND COVENANT NOT TO SUE. As further consideration and inducement for
        this
        Agreement, Employee represents that he has not filed or caused to be filed
        any
        lawsuit, complaint, or charge with respect to any claim this Release purports
        to
        waive or release, and promises and covenants never to file or prosecute a
        lawsuit, complaint, or charge based on such claims (whether as a named plaintiff
        or class member). However, the preceding sentence shall not preclude Employee
        from filing or prosecuting a charge with any administrative agency with respect
        to any such claims as long as Employee does not seek any damages, remedies,
        or
        other relief for Employee personally, which Employee promises not to do,
        and any
        right to which Employee hereby waives. This Section shall not apply to
        claims challenging the validity of this Release in connection with federal
        Age
        Discrimination in Employment Act claims. If Employee is ever awarded or recovers
        in any forum any amount as to a claim Employee has purported to waive in
        this
        Agreement (other than under the ADEA if Employee would be allowed lawfully
        to
        pursue such a claim), such amounts shall be payable to Employer and Employee
        hereby assigns the right to any such amounts to Employer.

      

      It
        is the
        intent of Employee that the foregoing representation and covenant encompasses
        all claims of any kind and description, specifically including, but not limited
        to, any claim seeking to invalidate the action of the Board of Directors
        to void
        the Amended Employment Agreement, or consequences thereof or to otherwise
        seek
        to enforce the provisions thereof. Employee agrees not to assert against
        any
        Released Person in any court any of the claims released under this Release
        and
        Employee shall indemnify the Released Persons from, defend, and hold the
        Released Persons harmless against any claims arising out of or connected
        with
        the matters waived and released in this Release. This waiver and release
        does
        not release any claim based upon acts or omissions occurring or that could
        be
        alleged to have occurred after the execution of this Release, any claims
        challenging the validity of this Release in connection with federal Age
        Discrimination in Employment Act claims, any claims for payment due but not
        yet
        paid under this Agreement or any claim that may not be released by law under
        this Release. 

       

      
        
           

        

        
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      9. NON-USE
        AND NON-DISCLOSURE OF CONFIDENTIAL INFORMATION. Employee agrees that any
        and all
        information obtained by or disclosed to him during or by reason of his
        employment by the Employer, including, without limitation, all data, reports,
        recommendations, drawings, layouts, designs, tests, maps, sketches, models,
        communications and other information, in whatever form, concerning the business,
        properties, policies, procedures, operations, resources, customers, business
        plans, strategies or intentions of the Employer (the “Information”), is
        proprietary to the Employer, its clients and associates, as the case may
        be, and
        confidential, and all copies of the same in possession of Employee have been
        delivered to the Employer prior to the Resignation Date. Notwithstanding
        the
        foregoing, Information shall not include any information that is or subsequently
        becomes publicly available without Employee’s breach of any confidentiality
        obligation owed to Employer. Employee further agrees to not use or disclose
        to
        any third party any Information except as permitted under the Consulting
        Agreement in furtherance of Employee’s duties thereunder. Employee agrees that
        the Employer shall not have an adequate remedy at law for a violation of
        his
        obligations in this Section 9 and consents to the entry of an injunction
        preventing any threatened breach without the necessity of notice or posting
        a
        bond. 

      

      10. CONFIDENTIALITY.
        The parties agree to keep the terms of this Agreement (including the fact
        and
        amount of payments under this Agreement) completely confidential, and they
        will
        not disclose any information concerning this Agreement or its terms to anyone
        except, Employee may disclose information to Employee’s
        spouse, legal counsel and/or financial advisors, who will be informed of
        and be
        bound by this confidentiality clause and this provision is not intended to
        restrict Employee from making disclosures as may be required by law or legal
        process. It is understood and agreed that Employer may make disclosures of
        the
        terms of this Agreement as may be required by federal or state law or applicable
        SEC or stock exchange requirements, and to those with a business need to
        know
        and Employer shall be fully and solely responsible for the content of the
        disclosure. 

       

      
        
           

        

        
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      11. COMPANY
        PROPERTY. Employee represents and warrants that as of the Resignation Date,
        Employee will have turned over to Employer all Employer-owned files, memoranda,
        keys, cellular phones, pagers, credit cards, manuals, data, records and other
        documents, including electronically recorded documents, photographs, data,
        employee handbooks, and physical property that Employee received from Employer
        or its employees or that Employee generated in the course of Employee’s
        relationship with Employer. 

      

      12. NON-DISPARAGEMENT.
        Employee will not disparage Employer, including any of Employer’s affiliates,
        respective directors, officers or employees. Employer will not disparage
        Employee. Neither party will be in breach of this provision by providing
        information required by law or legal compulsion. 

      

      13. NO
        ADMISSION OF LIABILITY. By entering into this Agreement, Employer and all
        Released Parties do not admit any liability whatsoever to Employee or to
        any
        other person arising out of any claims heretofore asserted by Employee, and
        Employer, for itself and all Released Parties, expressly denies any and all
        such
        liability. 

      

      14. SCOPE
        OF
        AGREEMENT. Employee hereby affirms and acknowledges that he has read the
        foregoing Agreement, that he has had sufficient time and opportunity to review
        or discuss it with counsel of his choice, and that he fully understands and
        appreciates the meaning of each of its terms, and that it is a voluntary,
        full
        and final compromise, release and settlement of all claims, known or unknown,
        with respect to his service on its Board of Directors, his employment with
        Employer, and/or the termination of that employment relationship. The parties
        to
        this Agreement agree that this Agreement may be used as evidence in any
        subsequent proceeding in which any of the parties alleges a breach of this
        Agreement or seeks to enforce its terms, provisions or obligations.

      

      15. ARBITRATION/COSTS. Any
        dispute or controversy arising under or in connection with this Agreement
        that
        cannot be informally resolved shall be settled exclusively by arbitration
        in
        Spokane, Washington by a sole neutral arbitrator in accordance with the Rules
        of
        the American Arbitration Association relating to employment disputes then
        in
        effect. Judgment may be entered on the arbitrator’s award in any jurisdiction.
        Notwithstanding the foregoing, nothing in this provision restricts in any
        way
        the Employer’s right to seek injunctive or other equitable relief in any court.
        The prevailing party shall be entitled to an award of its reasonable costs,
        including attorneys’ fees, except with regard to any claim challenging the
        validity of this Release in connection with federal Age Discrimination in
        Employment Act claims. Notwithstanding this provision, nothing in this Agreement
        shall bar Employer from seeking injunctive or other relief to enforce Employer’s
        rights pursuant to the surviving provisions of the Consulting
        Agreement.

       

      
        
           

        

        
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      16. INDEMNIFICATION.
        Employer agrees that it shall indemnify and defend Employee against claims
        by
        any third party relating to or arising out of any action or inaction on the
        part
        of Employee in his capacity as an employee or director of Employer which
        occurred before the date of this Agreement to the fullest extent permitted
        by
        the Employer’s Articles of Incorporation and Bylaws.

      

      17. ENTIRE
        AGREEMENT. This Agreement, including the exhibits, constitutes the complete
        understanding between Employee and Employer and supercedes any and all prior
        agreements, promises, representations, or inducements, no matter its or their
        form, concerning its subject matter unless otherwise expressly set forth
        herein.
        No promises or agreements made subsequent to the execution of this Agreement
        by
        these parties shall be binding unless reduced to writing and signed by
        authorized representatives of these parties. 

      

      18.
        CONFIRMATION OF WAIVER AND RELEASE. By signing this Agreement, Employee affirms
        that: he read this Agreement and found it to be written in a manner that
        he
        understands; he knows that this Agreement is waiving any potential claims
        under
        the Age Discrimination in Employment Act and other discrimination statutes;
        he
        understands that this Agreement does not waive rights or claims that may
        arise
        after the date this agreement is executed; he has been encouraged to consult
        with an attorney before signing and returning this Agreement; he has been
        given
        at least 21 days to consider this Agreement and 7 days to revoke his acceptance;
        Employer is providing valuable consideration for this release, which Employee
        would not otherwise be entitled to in the absence of this Agreement; and
        he is
        freely, voluntarily, and without coercion, entering into this Agreement and
        agreeing to be bound by its terms. Employee has the right to revoke this
        Agreement within seven (7) days of its execution. To revoke this Agreement,
        Employee must deliver a written and signed statement of revocation to Bruce
        D.
        Hansen, by no later than 5:00 p.m. on the seventh day after Employee signs
        this
        Agreement. Employee may hand-deliver the revocation to Mr. Hansen or may
        email
        the revocation to Mr. Hansen. If Employee effectively revokes this Agreement,
        all of the promises made by the Employer through or related to this Agreement
        will not be effective.

       

      
        
           

        

        
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      19. NOTICES.
        Any notice, consent, approval, request, demand or other communication required
        or permitted hereunder must be in writing to be effective and shall be deemed
        delivered and received (i) if personally delivered or if delivered by telex
        or
        telecopy with electronic confirmation when actually received by the party
        to
        whom sent, or (ii) if delivered by mail (whether actually received or not),
        at
        the close of business on the fifth business day next following the day when
        placed in the federal mail, postage prepaid, certified or registered mail,
        return receipt requested, addressed as follows:

       

      
        	
                If
                  to Company:

              	Bruce D. Hansen, CEO	 	 
	 	
                Idaho
                  General Mines, Inc.

                1726
                  Cole Blvd., Suite 115

                Lakewood,
                  CO 80401

                Fax:
                  (303) 928-8598

              	 	 
	 	 	 	 
	
                with
                  a copy to:

              	Michael K. Branstetter	 	 
	 	
                Hull
                  & Branstetter Chartered

                P.O.
                  Box 709

                Wallace,
                  ID 83873

                Fax:
                  (208) 752-0951

                (which
                  shall not constitute notice)

              	 	 
	 	 	 	 
	
                If
                  to Consultant:

              	Robert L. Russell	 	 
	 	
                639
                  North Riverpoint Blvd., H 203

                Spokane,
                  WA 99202

                Fax:
                  ______________________

              	 	 
	 	 	 	 
	
                with
                  a copy to:

              	Michael Church	 	 
	 	
                Stamper
                  Rubens, P.S.

                720
                  West Boone, Suite 200

                Spokane
                  Washington, 99201

                Fax:
                  (509) 326-4891

                (which
                  shall not constitute notice)

              	 	 

      

       

      
        
           

        

        
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      20. COUNTERPARTS;
        FACSIMILE.
        This
        Agreement may be executed in counterparts, any one of which need not contain
        the
        signatures of more than one party, but all such counterparts taken together
        will
        constitute one and the same instrument. This Agreement and any counterpart
        thereof may be executed by facsimile and when delivered shall be deemed to
        be an
        original.

      

      21. INUREMENT.
        The
        provisions, covenants and conditions of this Agreement shall be binding upon
        and
        inure to the benefit of the heirs, representatives and successors (by merger
        or
        otherwise) of the parties.

      

      22. OTHER.
        Employee represents and warrants that Employee is the sole and exclusive
        owner
        of all respective claims, demands and causes of action, and that no other
        party
        has any right, title or interest whatsoever in any of the matters referred
        to
        herein, and there has been no assignment, transfer, conveyance or other
        disposition by Employee of any matters referred to herein. Employee has made
        no
        claim of filing with any Agency or court. This Agreement shall be governed
        by
        the law of the State of Washington, without regard to its choice of law
        principles. 

      

      DATED
        this 1st day of October, 2007. 

      
        	 	 	 
	 	Employee:
	 
 	 
 	 
 
	 	/s/ Robert L. Russell
	 	
                
Robert
                L. Russell
	 	 
	 	 
	 	
                For
                  and on behalf of 

                IDAHO
                  GENERAL MINES, INC.

              
	 	
                 

                 

              
	
              	By:  	/s/ Bruce D. Hansen
	 	
                
                  

                

                Bruce D. Hansen, 

                Chief Executive Officer

              
	 	 

      
        
           

        

        
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      CONSULTING
        AND ADVISORY AGREEMENT

      

      To
        effect
        an orderly transition in connection with the termination of their employment
        relationship, and to transition such employment to a consulting agreement,
        IDAHO
        GENERAL MINES, INC. (the “Company”), and ROBERT L. RUSSELL (the “Consultant”)
        agree as follows:

      

      RECITALS

      

      1. Consultant
        has been an employee of the Company. 

      

      2. Consultant
        has submitted his resignation and the Company has accepted that resignation,
        effective ______________, 2007. In recognition of Consultant’s service to the
        Company, his expertise in the mining industry, his knowledge of the assets
        and
        properties of the Company and his knowledge and expertise in constructing
        and
        operating major mines, mills and related facilities the Company and Consultant
        desire to transition to a consulting and advisory relationship. 

      

      NOW
        THEREFORE in consideration of the foregoing and the respective covenants
        and
        promises of the parties contained herein, the Company and Consultant enter
        into
        this Consulting and Advisory Agreement (the “Agreement”) and agree as
        follows:

      

      AGREEMENT

      

      1. EFFECTIVE
        DATE. This Agreement shall be effective on the date that it is executed by
        the
        parties herein. 

      

      2. TERM.
        This Agreement shall have a term of thirty six (36) months form the Effective
        Date, subject to the termination provisions set forth herein.

      

      3. DESCRIPTION
        OF SERVICES AND DUTIES. Consultant shall, to the best of his ability,
        industriously and faithfully perform the responsibilities set forth herein
        and
        provide consulting/advisory services (“Services”) to the Company on an ongoing
        basis for the term set forth above for the projects as assigned to the
        Consultant by the Chief Executive Officer (“CEO”) of the Company. Consultant
        shall provide written reports as directed by the CEO which are consistent
        with
        the Services being performed. The reports are to be provided on a
        monthly/quarterly basis as directed by the CEO and as is necessary in connection
        with the Services assigned to the Consultant. 

       

      
        
           

           

        

        
           

          
            

          

        

        
           

        

      

       

      3.1 In
        performing the Services, Consultant shall, to the best of his ability,
        industriously and faithfully perform the responsibilities and devote adequate
        and sufficient business time, attention, skill and efforts to the tasks assigned
        to him by the CEO and to do so on a priority basis to the Company. Consultant
        shall be available to the Company to perform the Services required herein,
        not
        engage in other consulting services which would cause him to be unavailable
        to
        the Company and be unable to perform the Services required herein. It is
        the
        intent of the parties that the Company be Consultant’s primary consulting
        obligation.

      

      3.2 Consultant
        agrees that he shall not engage in any outside consulting services on any
        project anywhere in the world to any person, entity or organization involving,
        directly or indirectly, the exploration, development, extraction or processing
        of molybdenum. If Consultant contemplates providing outside consultant services
        to any person, entity or organization which also is engaged, as a part of
        its
        business, in the exploration, development, extraction or processing of
        molybdenum, prior to doing so he shall certify and provide assurances to
        the
        Company that he will not provide any advice, review, consultation or any
        services whatsoever to said business’ molybdenum project(s). In other words,
        Consultant shall not provide any consulting services on any molybdenum projects
        other than for the Company. Consultant agrees that molybdenum is a mineral
        of
        primary concern to the Company and that a breach of this provision would
        cause
        substantial harm and damages to the Company for which there would be no adequate
        remedy. If the Consultant violates this provision it is agreed that there
        would
        be no adequate remedy at law and the Company may obtain injunctive relief.
        If
        this provision is violated by Consultant the Company may terminate this
        Agreement, for cause, in addition to seeking injunctive relief and other
        appropriate relief. 

      

      3.3 Without
        limitation, Consultant’s primary duties and Services under this Agreement shall
        be to assist the Company in all areas involving the development, construction
        and operation of the Mount Hope Project, the Liberty Project and other Company
        mining facilities, assets and projects as may be directed by the CEO which
        may
        include studies, reports and/or the evaluation of the Company’s non-core assets
        for disposition. Consultant’s Services shall also include serving as a technical
        consultant to the Company in any area of professional expertise and experience
        he holds and shall, as directed by the CEO, perform the Services as assigned
        to
        him. 

       

       

      
        
          Exhibit
            "A"

           

        

        
          2

          
            

          

        

        
           

        

      

      

      3.4 Upon
        request by the CEO, the Consultant shall attend the Company’s Board of Directors
        Meetings and make reports to the Board. 

      

      3.5 Consultant
        acknowledges that he has no speaking or binding authority on behalf of the
        Company, and shall not enter into any obligations on its behalf without the
        express authority of the Company. Consultant shall not hold himself out as
        having authority that is inconsistent with this provision.

      

      3.6.
        Consultant shall not disparage the Company, its officers, directors, employees
        and/or agents.

      

      4. COMPENSATION
        FOR SERVICES. For the Services to be performed by the Consultant the Company
        shall pay the Consultant the following sums:

      

      4.1 Annual
        payment of Two Hundred Fifty Thousand Dollars ($250,000), payable quarterly
        ($62,500) (in arrears), for each twelve (12) months of the term of this
        Agreement. 

      

      4.2 Consultant
        shall be paid a bonus of Two Hundred Fifty Thousand Dollars ($250,000) payable
        within forty five (45) days (the “Payment Date”) of the start of construction of
        the Mount Hope Project (the “Trigger Date”). If the Trigger Date does not occur
        during the term of this Agreement, Consultant shall nevertheless be paid
        the
        bonus on or prior to the Payment Date if the delay in the start of construction
        is not related to or arising out of, in the good faith determination by the
        Company, any acts of Consultant or the failure of Consultant to provide the
        Services set forth herein. Notwithstanding the foregoing, the bonus shall
        not be
        paid if the Trigger Date does not occur on or prior to June 30,
        2012.

       

       

      
        
          Exhibit
            "A"

           

        

        
          3

          
            

          

        

        
           

        

      

      

      4.3 This
        is a
        Professional Service agreement, in which Consultant agrees to provide Company
        with the consulting and advisory services contemplated herein. Consultant
        is an
        independent contractor providing services to Company. This Agreement is not
        an
        employment agreement between Company and Consultant. Company will not withhold,
        report or pay so-called payroll taxes from the compensation payable to
        Consultant, including, without limit, Federal and State income taxes (if
        any),
        Federal social security tax and (if any) State unemployment insurance tax.
        Consultant shall be responsible for the payment of all applicable federal,
        state
        and local taxes and withholdings as required by applicable law, and for
        compliance with all other obligations, such as with regard to industrial
        insurance. Consultant agrees to and shall indemnify, defend and hold Company
        harmless from any claims by any government entity regarding the payment of
        such
        taxes or withholdings.

      

      5. BUSINESS
        EXPENSES/REIMBURSEMENT. The Company shall reimburse Consultant for his
        reasonable and necessary business expenses incurred in connection with the
        performance by Consultant of his Services hereunder, subject to compliance
        with
        such policies regarding expenses and expense reimbursements as may be provided
        from time to time by the Company. 

      

      6. 
        NO OTHER
        BENEFITS. Consultant shall not be entitled to any benefits or other compensation
        that are otherwise available to employees of the Company and no payments
        due
        herein whether accelerated by Change Of Control or otherwise shall be increased
        for an excised tax gross-up payment in any manner. 

      

      7. ASSIGNMENT.
        Except as provided herein, this Agreement may not be assigned by either party
        without the express written consent of the other party, in such party’s sole and
        absolute discretion. Notwithstanding the foregoing, the Company may assign
        its
        rights and obligations under this Agreement (by operation of law or otherwise)
        without the consent of Consultant in connection with the sale of assets or
        merger of the Company. Notwithstanding the foregoing, Consultant
        may assign this Agreement to a different entity which he establishes as a
        consulting business, provided that such assignment is subject to the express
        written consent of Company, and provided further that Consultant, and no
        one
        else, must personally perform the services contemplated herein. Any purported
        assignment by any party in violation hereof shall be null and void in the
        making
        thereof. This Agreement shall be binding upon and moved to the benefit of
        the
        parties hereto their respective successors, permitted assigns, executors,
        administrators and heirs at law

       

       

      
        
          Exhibit
            "A"

           

        

        
          4

          
            

          

        

        
           

        

      

      

      8. CHANGE
        OF
        CONTROL. Upon Change Of Control Consultant shall be paid any sums which are
        earned through the date of Change Of Control but not yet paid plus a sum
        equal
        to the number of months left on the term. For purposes of this Agreement
        Change
        Of Control shall mean:

      

      8.1 The
        acquisition by any individual, entity or group (within the meaning of Section
        13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the
        "Exchange Act")) (a "Person") of beneficial ownership (within the meaning
        of
        Rule 13d-3 promulgated under the Exchange Act) of 50% or more of either (A)
        the
        then-outstanding shares of common stock of the Company (the "Outstanding
        Company
        Common Stock") or (B) the combined voting power of the then-outstanding voting
        securities of the Company entitled to vote generally in the election of
        directors (the "Outstanding Company Voting Securities"); provided, however,
        that, for purposes of this Section 8, the following acquisitions shall not
        constitute a Change of Control: (i) any acquisition directly from the Company,
        (ii) any acquisition by the Company, or (iii) any acquisition by any employee
        benefit plan (or related trust) sponsored or maintained by the Company or
        any
        Affiliated Company;

      

      8.2 consummation
        of a reorganization, merger, statutory share exchange or consolidation or
        similar corporate transaction involving the Company or the acquisition of
        assets
        or stock of another entity by the Company (each, a "Business Combination"),
        in
        each case unless, following such Business Combination, (A) all or substantially
        all of the individuals and entities that were the beneficial owners of the
        Outstanding Company Common Stock and the Outstanding Company Voting Securities
        immediately prior to such Business Combination beneficially own, directly
        or
        indirectly, more than fifty percent (50%) of the then-outstanding shares
        of
        common stock and the combined voting power of the then-outstanding voting
        securities entitled to vote generally in the election of directors, as the
        case
        may be, of the corporation resulting from such Business Combination (including,
        without limitation, a corporation that, as a result of such transaction,
        owns
        the Company or all or substantially all of the Company's assets either directly
        or through one or more subsidiaries) in substantially the same proportions
        as
        their ownership immediately prior to such Business Combination of the
        Outstanding Company Common Stock and the Outstanding Company Voting Securities,
        as the case may be, and (B) no Person (excluding any corporation resulting
        from
        such Business Combination or any employee benefit plan (or related trust)
        of the
        Company or such corporation resulting from such Business Combination)
        beneficially owns, directly or indirectly, fifty percent (50%) or more of,
        respectively, the then-outstanding shares of common stock of the corporation
        resulting from such Business Combination or the combined voting power of
        the
        then-outstanding voting securities of such corporation, except to the extent
        that such ownership existed prior to the Business Combination; 

       

       

      
        
          Exhibit
            "A"

           

        

        
          5

          
            

          

        

        
           

        

      

      

      8.3 a
        sale or
        disposition of all or substantially all of the operating assets of the Company
        to an unrelated party; or

      

      8.4 approval
        by the shareholders of the Company of a complete liquidation or dissolution
        of
        the Company.

      

      It
        is
        specifically agreed, however, the Company’s contemplated Delaware
        reincorporation and merger to facilitate said reincorporation shall not
        constitute a Change of Control.

       

      9. TERM
        OF
        AGREEMENT AND TERMINATION BY CONSULTANT. The term of this Agreement shall
        be for
        thirty six (36) months and shall commence as of the Effective Date and shall
        terminate automatically thirty six (36) months thereafter. Despite the term
        of
        this Agreement (i) Consultant shall have the right to terminate this Agreement
        upon sixty (60) days prior written notice to the Company for any reason provided
        the Company may waive the notice period and (ii) the Company shall have the
        right to terminate this Agreement in accordance with the provisions of Section
        13 hereof. In any such event, the Company shall pay Consultant the amounts
        due
        through the date of termination but no other sums shall be due, including
        the
        bonus if not otherwise payable. Provided, however, the provisions set forth
        in
        Sections 10, 11 and 12 shall survive any such termination.

       

       

      
        
          Exhibit
            "A"

           

        

        
          6

          
            

          

        

        
           

        

      

      

      10. DISCLOSURE
        OF INFORMATION. 

      

      10.1 Consultant
        acknowledges that he will receive access to the Company’s Confidential
        Information. For purposes of this Agreement, "Confidential Information" means
        nonpublic information that Company discloses to Consultant and designates
        as
        being confidential or proprietary or which under the circumstances surrounding
        disclosure, ought to be treated as confidential. "Confidential Information"
        includes, without limitation, information relating to Company’s current and/or
        proposed business plans, financial statements, budgets, customer or potential
        customer lists, product development plans, inventions, research, testing
        results, released or unreleased products or services, marketing or promotion
        of
        any product or service, employees, customers, contracts, policies and practices,
        and information received from others that Company is obligated to treat as
        confidential. Consultant and Company agree that any proprietary or confidential
        information which has been disclosed to Consultant prior to the date of this
        Agreement in connection with his prior employment by the Company shall also
        be
        subject to terms and conditions hereof. Notwithstanding the foregoing,
        Confidential Information shall not include any information that is or
        subsequently becomes publicly available without Consultant's breach of any
        confidentiality obligation owed to Company. Consultant agrees that he will
        not
        at anytime during the term of this Agreement or following termination of
        the
        Agreement for any reason, disclose, use or make otherwise available to any
        third
        party, any Confidential Information, except for disclosure necessary in the
        course of Consultant’s duties under this Agreement or as otherwise required by
        law. In the latter event, Consultant shall disclose to the Company the event
        and
        authority requiring disclosure “required by law” at the first opportunity upon
        learning of the disclosure request and provide the Company with a reasonable
        opportunity to oppose or narrow such disclosure requirement or request or
        otherwise seek appropriate confidentiality protections relating to such
        information. 

      

      10.2 Upon
        termination of this Agreement, Consultant shall deliver to a designated Company
        representative all records, documents, hardware, software and all other Company
        property in whatever form and all copies thereof in Consultant’s possession.
        Consultant acknowledges that all such materials are the sole property of
        the
        Company and that Consultant will certify in writing to the Company at the
        time
        of termination that Consultant has complied with this obligation. 

       

       

      
        
          Exhibit
            "A"

           

        

        
          7

          
            

          

        

        
           

        

      

      

      11. DISCLOSURE
        AND ASSIGNMENT OF INVENTIONS. 

      

      11.1 Consultant
        agrees to promptly disclose to the Company inventions, ideas, processes,
        writings, designs, development and improvements, whether or not protectable
        under the applicable patent, trademark or copyright statues, which Consultant
        makes, conceives, reduces to practice or learns as direct or indirect result
        of
        his performance of the Services and duties for which he was engaged by the
        Company in connection with this Agreement, either alone or jointly with others
        relating to any business which the Company, during the period of this Agreement
        is or may be concerned (“Inventions”). Consultant agrees that any such
        Inventions are “works for hire”. Such disclosure shall be made by Consultant to
        the Company in a written report, setting forth in detail the structures,
        procedures and methodology employed and the results achieved. 

      

      11.2 Consistent
        with and to the extent permitted by applicable law, Consultant hereby assigns
        and agrees to assign to the Company all rights in and to the Inventions and
        proprietary rights therein, as provided in Section 11.1, based thereon or
        related thereto, including, but not limited to, applications for United States
        and foreign patents and resulting patents.

      

      11.3 Consultant
        further agrees, without charge to the Company but at its expense, to assist
        the
        Company in every proper way and execute, acknowledge and deliver to the Company,
        during and after termination of this Agreement, all such documents necessary
        and
        perform such other legal acts as may be necessary, in the opinion of the
        Company, to obtain or maintain United States or foreign patents or other
        proprietary protection, for any and all Inventions made during his performance
        of the duties and Services for the Company in any and all countries, and
        to vest
        title therein to the Company.

      

      11.4 Consultant
        acknowledges notice from the Company that this foregoing obligation to assign
        rights in and to any Inventions does not apply to an Invention for which
        no
        equipment, supplies, facility or Confidential Information of Company was
        used
        and which was developed entirely on Consultant's own time and (1) which does
        not
        relate (A) directly to the business of the Company, or (B) to the Company's
        actual or demonstrably anticipated research or development; or (2) which
        does
        not result from any work performed by Consultant for the Company.

       

       

      
        
          Exhibit
            "A"

           

        

        
          8

          
            

          

        

        
           

        

      

      

      11.5 Consultant
        further agrees that prior to termination of the Agreement with the Company
        for
        any reason, Consultant shall disclose to the Company, in a written report,
        all
        Inventions, the rights to which Consultant has agreed to assign to the Company
        under Sections 11.1 and 11.2 above, and which Consultant has not previously
        disclosed. 

      

      12. RESTRICTIVE
        COVENANTS. 

      

      12.1 Non-Solicitation.

      

      (a)
        Consultant specifically acknowledges that the Confidential Information described
        in Section 10.1 includes confidential data pertaining to current and prospective
        customers of the Company, that such data is a valuable and unique asset of
        the
        Company's business and that the success or failure of the Company's specialized
        business is dependent in large part upon the Company's ability to establish
        and
        maintain close and continuing personal contacts and working relationships
        with
        such customers and to develop proposals which are specifically designed to
        meet
        the requirements of such customers. Therefore, during term of this Agreement
        and
        for the twelve (12) months following termination of this Agreement for any
        reason, except on behalf of the Company or with the Company's prior written
        consent, Consultant is prohibited from soliciting, either directly or
        indirectly, on his own behalf or on behalf of any other person or entity,
        all
        such customers with whom Consultant had contact during the twenty-four (24)
        months preceding termination of this Agreement.

      

      (b) Consultant
        specifically acknowledges that the Confidential Information described in
        Section
        10.1 also includes confidential data pertaining to current and prospective
        employees and agents of the Company, and Consultant further agrees that during
        the term of this Agreement and for the twelve (12) months following termination
        of this Agreement for any reason, Consultant will not directly or indirectly
        solicit, on his own behalf or on behalf of any other person or entity, the
        services of any person who is an employee or agent of the Company or solicit
        any
        of the Company's employees or agents to terminate their employment or agency
        with the Company.

       

       

      
        
          Exhibit
            "A"

           

        

        
          9

          
            

          

        

        
           

        

      

      

      (c) Consultant
        specifically acknowledges that the Confidential Information described in
        Section
        10.1 also includes confidential data pertaining to current and prospective
        vendors and suppliers of the Company, Consultant agrees that during the term
        of
        this Agreement and for the twelve (12) months following termination of this
        Agreement for any reason, Consultant will not directly or indirectly solicit,
        on
        his own behalf or on behalf of any other person or entity, any Company vendor
        or
        supplier for the purpose of either providing products or services to competitors
        of the Company, as described in Section 12.2(b), or terminating such
        vendor's or supplier's relationship or agency with the Company.

      

      (d) Consultant
        further agrees that, during term of this Agreement and for the twelve (12)
        months following termination of this Agreement for any reason, Consultant
        will
        do nothing to interfere with any of the Company's business
        relationships.

      

      12.2 Non-Competition.

      

      (a) Consultant
        represents to the Company that Consultant is not a party to any agreement
        with a
        prior employer, client or otherwise which would prohibit Consultant from
        performing this Agreement. Consultant further represents that he has provided
        to
        the Company copies of any and all agreements (e.g.,
        non-competition, non-solicitation, or non-disclosure agreements) that might
        limit Consultant's ability, in any way, to perform the Services set forth
        herein, and Consultant agrees to act at all times on behalf of the Company
        in a
        manner consistent with any such agreements. Consultant acknowledges and
        understands that the Company will have no obligation to provide legal
        representation to Consultant in the event a prior employer, client or other
        third party brings or threatens to bring an action against Consultant for
        violating any such agreements; and that this Agreement may be terminated
        in the
        event the Company determines that Consultant may have violated any such
        agreements. Despite anything to the contrary herein, termination based upon
        the
        Company’s determination that Consultant has violated this Section 12.2 shall be
        considered termination for Cause. 

       

       

      
        
          Exhibit
            "A"

           

        

        
          10

          
            

          

        

        
           

        

      

      

      (b) Consultant
        covenants and agrees that during the period commencing on the Effective Date
        and
        ending thirty-six (36) months from the Effective Date (the “Restriction
        Period”), he will not, in the United States or Canada or in any other
        jurisdiction or country, engage in or carry on, directly or indirectly, as
        an
        owner, employee, agent, associate, consultant or in any other capacity, a
        business competitive with that conducted by the Company. A "business competitive
        with that conducted by the Company" shall mean any business or activity involved
        in the discovery or mining of (1) molybdenum or, (2) any other ore that produces
        molybdenum as a by product. For purposes of this subparagraph (b)(2), a business
        is not competitive with the Company if the annual gross revenue derived from
        the
        sale of molybdenum as a by product during all times during the Restriction
        Period comprises less than the lesser of (i) 10% of the annual gross revenue
        of
        said business or (ii) $50 million (a “Minimal Producer”). If Consultant
        contemplates entering into any employment or business arrangement with a
        Minimal
        Producer he shall, prior to the commencement of such employment or affiliation,
        certify and provide continued assurances to the Company that said business
        is,
        in fact, a Minimal Producer. To "engage in or carry on" shall mean to have
        ownership in such business or consult, work in, direct or have responsibility
        for any area of such business, including but not limited to the following
        areas:
        operations, sales, marketing, manufacturing, procurement or sourcing,
        purchasing, customer service, distribution, product planning, research, design
        or development.

      

      (c) During
        the Restriction Period, Consultant certifies and agrees that he will notify
        the
        CEO of the Company of his employment or other affiliation with any potentially
        competitive business or entity prior to the commencement of such employment
        or
        affiliation. 

       

       

      
        
          Exhibit
            "A"

           

        

        
          11

          
            

          

        

        
           

        

      

      

      13. TERMINATION
        BY COMPANY. Despite the term of this Agreement as set forth in Section 2
        above,
        the Company shall have the right to earlier terminate this
        Agreement:

      

      13.1 at
        any
        time with cause. In such case, Consultant shall receive, as the only obligation
        of the Company the compensation earned through the date of termination but
        not
        yet paid to Consultant. For purposes of this Agreement and except as set
        forth
        elsewhere herein, Cause shall mean the good faith determination by the Company
        that:

      

      (a) Consultant
        has neglected, failed or refused to perform the duties and Services as set
        forth
        in this Agreement;

      

      (b) Consultant
        has breached any of the provisions set forth in this Agreement;

      

      (c) Consultant
        has committed a willful or intentional act that could reasonably be expected
        to
        injure the reputation, business or business relationships of the Company;
        or

      

      (d) Consultant
        has been convicted (including conviction on a nolo
        contendere,
        no
        contest, or similar plea) of a felony or any crime involving fraud, dishonesty,
        or moral turpitude. 

      

      With
        respect to any of the matters set forth in (a) or (b) above, the Company
        shall
        provide Consultant notice of the deficiency and a reasonable opportunity
        to
        correct the deficiency (not to exceed thirty (30) days) prior to termination
        of
        this Agreement. In the event that the Company has given notice of a deficiency
        and makes a determination that the deficiency has not been cured within a
        reasonable period of time, this Agreement may be terminated for Cause.

      

      13.2 automatically
        upon the death of the Consultant. In such event, the Company shall pay
        Consultant's estate the Compensation earned through the date of death but
        not
        yet paid to Consultant. 

      

      13.3 automatically
        upon the inability of Consultant to satisfactorily perform the Services set
        forth in Section 3 or as assigned to him by the CEO from time to time by
        reason
        of mental or physical illness or injury for a period of thirty (30) days.
        In
        such event, the Company shall pay Consultant the Compensation earned but
        unpaid
        to Consultant through the date of termination. 

       

       

      
        
          Exhibit
            "A"

           

        

        
          12

          
            

          

        

        
           

        

      

      

      14. ARBITRATION/COSTS. Any
        dispute or controversy arising under or in connection with this Agreement
        that
        cannot be informally resolved shall be settled exclusively by arbitration
        in
        Spokane, Washington by a sole neutral arbitrator in accordance with the Rules
        of
        the American Arbitration Association relating to any disputes then in effect.
        Judgment may be entered on the arbitrator’s award in any jurisdiction.
        Notwithstanding the foregoing, nothing in this provision restricts in any
        way
        the Company’s right to seek injunctive or other equitable relief in any court to
        enforce the Company’s rights pursuant to Sections 10, 11 and 12 of this
        Agreement. The prevailing party in any such proceeding shall be entitled
        to an
        award of its reasonable costs, including attorney fees, in the discretion
        of the
        arbitrator or court as the case may be. 

      

      15. SOLE
        AGREEMENT; AMENDMENT. This
        Agreement constitutes the sole and entire understanding of the parties with
        respect to the subject matter hereof and all prior written or oral agreements
        or
        understandings between the parties hereto are incorporated in and are superseded
        by this Agreement. No modification or alteration of the terms of this Agreement
        shall be binding unless such modification or alteration shall be in writing
        and
        executed subsequent to the date hereof by all parties. Time is of the essence
        of
        this Agreement.

      

      16.
         
        NOTICES.
        Any notice, consent, approval, request, demand or other communication required
        or permitted hereunder must be in writing to be effective and shall be deemed
        delivered and received (i) if personally delivered or if delivered by telex
        or
        telecopy with electronic confirmation when actually received by the party
        to
        whom sent, or (ii) if delivered by mail (whether actually received or not),
        at
        the close of business on the fifth business day next following the day when
        placed in the federal mail, postage prepaid, certified or registered mail,
        return receipt requested, addressed as follows:

       

      
        	
                If
                  to Company:

              	Bruce D. Hansen, CEO	 	 
	 	
                Idaho
                  General Mines, Inc.

                1726
                  Cole Blvd., Suite 115

                Lakewood,
                  CO 80401

                Fax:
                  (303) 928-8598

              	 	 

      

       

       

      
        
          Exhibit
            "A"

           

        

        
          13

          
            

          

        

        
           

        

      

       

      
        	
                with
                  a copy to:

              	Michael K. Branstetter	 	 
	 	
                Hull
                  & Branstetter Chartered

                P.O.
                  Box 709

                Wallace,
                  ID 83873

                Fax:
                  (208) 752-0951

                (which
                  shall not constitute notice)

              	 	 
	 	 	 	 
	
                If
                  to Consultant:

              	Robert L. Russell	 	 
	 	
                639
                  North Riverpoint Blvd., H 203

                Spokane,
                  WA 99202

                Fax:
                  ______________________

              	 	 
	 	 	 	 
	
                with
                  a copy to:

              	Michael Church	 	 
	 	
                Stamper
                  Rubens, P.S.

                720
                  West Boone, Suite 200

                Spokane
                  Washington, 99201

                Fax:
                  (509) 326-4891

                (which
                  shall not constitute notice)

              	 	 

      

       

      17. GOVERNING
        LAW. This Agreement shall be governed by and construed under the laws of
        the
        State of Washington, without regard to its conflict of laws principles.

      

      18. SURVIVAL.
        Upon the expiration or termination of this Agreement for any reason, the
        provisions of Sections 10, 11, 12, 14 and 17 and the other covenants of the
        parties that by their terms survive termination of this Agreement herein
        (the
“Surviving Provisions”) shall survive and remain in full force and
        effect.

       

       

      
        
          Exhibit
            "A"

           

        

        
          14

          
            

          

        

        
           

        

      

      

      

      IN
        WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
        dates
        set forth below, effective as of the date first set forth above.

      

      DATED
        this _____ day of ______________, 2007. 

      
        	 	 	 
	 	For
                and on behalf
                of Idaho General Mines, Inc.
	 
 	 
 	 
 
	
              	By:  	
              
	 	
                
Bruce
                D. Hansen,
	 	Its Chief Executive
                Officer

      

      
        	 	 	 
	 	 
	 	Consultant:
	 
 	 
        	 
 
	 	
                
Robert
                L. Russell
	 	 

      

       

      

      
        
          Exhibit
            "A"

           

        

        
          15

          
            

          

        

        
           

        

      

      EXHIBIT
        “B”

      

      This
        Notice hereby confirms my immediate resignation as a Member of the Board
        of
        Directors of Idaho General Mines, Inc. and any of its affiliates or
        subsidiaries. 

      

      

      By:  

      
        

      

      Robert
        L.
        RussellEXHIBIT
      10.11

     

    CONSULTING
      AND ADVISORY AGREEMENT

    

    To
      effect an orderly transition in
      connection with the termination of their employment relationship, and to
      transition such employment to a consulting agreement, IDAHO GENERAL MINES,
      INC.
      (the “Company”), and ROBERT L. RUSSELL (the “Consultant”) agree as
      follows:

    

    RECITALS

    

    1. Consultant
      has been an employee
      of the Company. 

    

    2. Consultant
      has submitted his
      resignation and the Company has accepted that resignation, effective October
      1,
      2007. In recognition of Consultant’s service to the Company, his expertise in
      the mining industry, his knowledge of the assets and properties of the Company
      and his knowledge and expertise in constructing and operating major mines,
      mills
      and related facilities the Company and Consultant desire to transition to a
      consulting and advisory relationship. 

    

    NOW
      THEREFORE in consideration of the
      foregoing and the respective covenants and promises of the parties contained
      herein, the Company and Consultant enter into this Consulting and Advisory
      Agreement (the “Agreement”) and agree as follows:

    

    AGREEMENT

    

    1. EFFECTIVE
      DATE. This Agreement
      shall be effective on the date that it is executed by the parties herein.

    

    2. TERM.
      This Agreement shall have
      a term of thirty six (36) months form the Effective Date, subject to the
      termination provisions set forth herein.

    

    3. DESCRIPTION
      OF SERVICES AND
      DUTIES. Consultant shall, to the best of his ability, industriously and
      faithfully perform the responsibilities set forth herein and provide
      consulting/advisory services (“Services”) to the Company on an ongoing basis for
      the term set forth above for the projects as assigned to the Consultant by
      the
      Chief Executive Officer (“CEO”) of the Company. Consultant shall provide written
      reports as directed by the CEO which are consistent with the Services being
      performed. The reports are to be provided on a monthly/quarterly basis as
      directed by the CEO and as is necessary in connection with the Services assigned
      to the Consultant. 

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    3.1 In
      performing the Services, Consultant shall, to the best of his ability,
      industriously and faithfully perform the responsibilities and devote adequate
      and sufficient business time, attention, skill and efforts to the tasks assigned
      to him by the CEO and to do so on a priority basis to the Company. Consultant
      shall be available to the Company to perform the Services required herein,
      not
      engage in other consulting services which would cause him to be unavailable
      to
      the Company and be unable to perform the Services required herein. It is the
      intent of the parties that the Company be Consultant’s primary consulting
      obligation.

    

    3.2 Consultant
      agrees that he shall not engage in any outside consulting services on any
      project anywhere in the world to any person, entity or organization involving,
      directly or indirectly, the exploration, development, extraction or processing
      of molybdenum. If Consultant contemplates providing outside consultant services
      to any person, entity or organization which also is engaged, as a part of its
      business, in the exploration, development, extraction or processing of
      molybdenum, prior to doing so he shall certify and provide assurances to the
      Company that he will not provide any advice, review, consultation or any
      services whatsoever to said business’ molybdenum project(s). In other words,
      Consultant shall not provide any consulting services on any molybdenum projects
      other than for the Company. Consultant agrees that molybdenum is a mineral
      of
      primary concern to the Company and that a breach of this provision would cause
      substantial harm and damages to the Company for which there would be no adequate
      remedy. If the Consultant violates this provision it is agreed that there would
      be no adequate remedy at law and the Company may obtain injunctive relief.
      If
      this provision is violated by Consultant the Company may terminate this
      Agreement, for cause, in addition to seeking injunctive relief and other
      appropriate relief. 

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    3.3 Without
      limitation, Consultant’s primary duties and Services under this Agreement shall
      be to assist the Company in all areas involving the development, construction
      and operation of the Mount Hope Project, the Liberty Project and other Company
      mining facilities, assets and projects as may be directed by the CEO which
      may
      include studies, reports and/or the evaluation of the Company’s non-core assets
      for disposition. Consultant’s Services shall also include serving as a technical
      consultant to the Company in any area of professional expertise and experience
      he holds and shall, as directed by the CEO, perform the Services as assigned
      to
      him. 

    

    3.4 Upon
      request by the CEO, the Consultant shall attend the Company’s Board of Directors
      Meetings and make reports to the Board. 

    

    3.5 Consultant
      acknowledges that he has no speaking or binding authority on behalf of the
      Company, and shall not enter into any obligations on its behalf without the
      express authority of the Company. Consultant shall not hold himself out as
      having authority that is inconsistent with this provision.

    

    3.6.
      Consultant shall not disparage the Company, its officers, directors, employees
      and/or agents.

    

    4. COMPENSATION
      FOR SERVICES. For
      the Services to be performed by the Consultant the Company shall pay the
      Consultant the following sums:

    

    4.1 Annual
      payment of Two Hundred Fifty Thousand Dollars ($250,000), payable quarterly
      ($62,500) (in arrears), for each twelve (12) months of the term of this
      Agreement. 

    

    4.2 Consultant
      shall be paid a bonus of Two Hundred Fifty Thousand Dollars ($250,000) payable
      within forty five (45) days (the “Payment Date”) of the start of construction of
      the Mount Hope Project (the “Trigger Date”). If the Trigger Date does not occur
      during the term of this Agreement, Consultant shall nevertheless be paid the
      bonus on or prior to the Payment Date if the delay in the start of construction
      is not related to or arising out of, in the good faith determination by the
      Company, any acts of Consultant or the failure of Consultant to provide the
      Services set forth herein. Notwithstanding the foregoing, the bonus shall not
      be
      paid if the Trigger Date does not occur on or prior to June 30,
      2012.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    4.3 This
      is a Professional Service agreement, in which Consultant agrees to provide
      Company with the consulting and advisory services contemplated herein.
      Consultant is an independent contractor providing services to Company. This
      Agreement is not an employment agreement between Company and Consultant. Company
      will not withhold, report or pay so-called payroll taxes from the compensation
      payable to Consultant, including, without limit, Federal and State income taxes
      (if any), Federal social security tax and (if any) State unemployment insurance
      tax. Consultant shall be responsible for the payment of all applicable federal,
      state and local taxes and withholdings as required by applicable law, and for
      compliance with all other obligations, such as with regard to industrial
      insurance. Consultant agrees to and shall indemnify, defend and hold Company
      harmless from any claims by any government entity regarding the payment of
      such
      taxes or withholdings.

    

    5. BUSINESS
      EXPENSES/REIMBURSEMENT. The Company shall reimburse Consultant for his
      reasonable and necessary business expenses incurred in connection with the
      performance by Consultant of his Services hereunder, subject to compliance
      with
      such policies regarding expenses and expense reimbursements as may be provided
      from time to time by the Company. 

    

    6.
      NO OTHER BENEFITS. Consultant shall
      not be entitled to any benefits or other compensation that are otherwise
      available to employees of the Company and no payments due herein whether
      accelerated by Change Of Control or otherwise shall be increased for an excised
      tax gross-up payment in any manner. 

    

    7. ASSIGNMENT.
      Except as provided
      herein, this Agreement may not be assigned by either party without the express
      written consent of the other party, in such party’s sole and absolute
      discretion. Notwithstanding the foregoing, the Company may assign its rights
      and
      obligations under this Agreement (by operation of law or otherwise) without
      the
      consent of Consultant in connection with the sale of assets or merger of the
      Company. Notwithstanding the foregoing, Consultant may assign this Agreement
      to
      a different entity which he establishes as a consulting business, provided
      that
      such assignment is subject to the express written consent of Company, and
      provided further that Consultant, and no one else, must personally perform
      the
      services contemplated herein. Any purported assignment by any party in violation
      hereof shall be null and void in the making thereof. This Agreement shall be
      binding upon and moved to the benefit of the parties hereto their respective
      successors, permitted assigns, executors, administrators and heirs at
      law

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    8. CHANGE
      OF CONTROL. Upon Change
      Of Control Consultant shall be paid any sums which are earned through the date
      of Change Of Control but not yet paid plus a sum equal to the number of months
      left on the term. For purposes of this Agreement Change Of Control shall
      mean:

    

    8.1 The
      acquisition by any individual, entity or group (within the meaning of Section
      13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the
      "Exchange Act")) (a "Person") of beneficial ownership (within the meaning of
      Rule 13d-3 promulgated under the Exchange Act) of 50% or more of either (A)
      the
      then-outstanding shares of common stock of the Company (the "Outstanding Company
      Common Stock") or (B) the combined voting power of the then-outstanding voting
      securities of the Company entitled to vote generally in the election of
      directors (the "Outstanding Company Voting Securities"); provided, however,
      that, for purposes of this Section 8, the following acquisitions shall not
      constitute a Change of Control: (i) any acquisition directly from the Company,
      (ii) any acquisition by the Company, or (iii) any acquisition by any employee
      benefit plan (or related trust) sponsored or maintained by the Company or any
      Affiliated Company;

    

    8.2 consummation
      of a reorganization, merger, statutory share exchange or consolidation or
      similar corporate transaction involving the Company or the acquisition of assets
      or stock of another entity by the Company (each, a "Business Combination"),
      in
      each case unless, following such Business Combination, (A) all or substantially
      all of the individuals and entities that were the beneficial owners of the
      Outstanding Company Common Stock and the Outstanding Company Voting Securities
      immediately prior to such Business Combination beneficially own, directly or
      indirectly, more than fifty percent (50%) of the then-outstanding shares of
      common stock and the combined voting power of the then-outstanding voting
      securities entitled to vote generally in the election of directors, as the
      case
      may be, of the corporation resulting from such Business Combination (including,
      without limitation, a corporation that, as a result of such transaction, owns
      the Company or all or substantially all of the Company's assets either directly
      or through one or more subsidiaries) in substantially the same proportions
      as
      their ownership immediately prior to such Business Combination of the
      Outstanding Company Common Stock and the Outstanding Company Voting Securities,
      as the case may be, and (B) no Person (excluding any corporation resulting
      from
      such Business Combination or any employee benefit plan (or related trust) of
      the
      Company or such corporation resulting from such Business Combination)
      beneficially owns, directly or indirectly, fifty percent (50%) or more of,
      respectively, the then-outstanding shares of common stock of the corporation
      resulting from such Business Combination or the combined voting power of the
      then-outstanding voting securities of such corporation, except to the extent
      that such ownership existed prior to the Business Combination; 

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    

    8.3 a
      sale or disposition of all or substantially all of the operating assets of
      the
      Company to an unrelated party; or

    

    8.4 approval
      by the shareholders of the Company of a complete liquidation or dissolution
      of
      the Company.

    

    It
      is
      specifically agreed, however, the Company’s contemplated Delaware
      reincorporation and merger to facilitate said reincorporation shall not
      constitute a Change of Control.

     

    9. TERM
      OF AGREEMENT AND
      TERMINATION BY CONSULTANT. The term of this Agreement shall be for thirty six
      (36) months and shall commence as of the Effective Date and shall terminate
      automatically thirty six (36) months thereafter. Despite the term of this
      Agreement (i) Consultant shall have the right to terminate this Agreement upon
      sixty (60) days prior written notice to the Company for any reason provided
      the
      Company may waive the notice period and (ii) the Company shall have the right
      to
      terminate this Agreement in accordance with the provisions of Section 13 hereof.
      In any such event, the Company shall pay Consultant the amounts due through
      the
      date of termination but no other sums shall be due, including the bonus if
      not
      otherwise payable. Provided, however, the provisions set forth in Sections
      10,
      11 and 12 shall survive any such termination.

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    10. DISCLOSURE
      OF INFORMATION.

    

    10.1 Consultant
      acknowledges that he will receive access to the Company’s Confidential
      Information. For purposes of this Agreement, "Confidential Information" means
      nonpublic information that Company discloses to Consultant and designates as
      being confidential or proprietary or which under the circumstances surrounding
      disclosure, ought to be treated as confidential. "Confidential Information"
      includes, without limitation, information relating to Company’s current and/or
      proposed business plans, financial statements, budgets, customer or potential
      customer lists, product development plans, inventions, research, testing
      results, released or unreleased products or services, marketing or promotion
      of
      any product or service, employees, customers, contracts, policies and practices,
      and information received from others that Company is obligated to treat as
      confidential. Consultant and Company agree that any proprietary or confidential
      information which has been disclosed to Consultant prior to the date of this
      Agreement in connection with his prior employment by the Company shall also
      be
      subject to terms and conditions hereof. Notwithstanding the foregoing,
      Confidential Information shall not include any information that is or
      subsequently becomes publicly available without Consultant's breach of any
      confidentiality obligation owed to Company. Consultant agrees that he will
      not
      at anytime during the term of this Agreement or following termination of the
      Agreement for any reason, disclose, use or make otherwise available to any
      third
      party, any Confidential Information, except for disclosure necessary in the
      course of Consultant’s duties under this Agreement or as otherwise required by
      law. In the latter event, Consultant shall disclose to the Company the event
      and
      authority requiring disclosure “required by law” at the first opportunity upon
      learning of the disclosure request and provide the Company with a reasonable
      opportunity to oppose or narrow such disclosure requirement or request or
      otherwise seek appropriate confidentiality protections relating to such
      information. 

    

    10.2 Upon
      termination of this Agreement, Consultant shall deliver to a designated Company
      representative all records, documents, hardware, software and all other Company
      property in whatever form and all copies thereof in Consultant’s possession.
      Consultant acknowledges that all such materials are the sole property of the
      Company and that Consultant will certify in writing to the Company at the time
      of termination that Consultant has complied with this obligation. 

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    11. DISCLOSURE
      AND ASSIGNMENT OF
      INVENTIONS. 

    

    11.1 Consultant
      agrees to promptly disclose to the Company inventions, ideas, processes,
      writings, designs, development and improvements, whether or not protectable
      under the applicable patent, trademark or copyright statues, which Consultant
      makes, conceives, reduces to practice or learns as direct or indirect result
      of
      his performance of the Services and duties for which he was engaged by the
      Company in connection with this Agreement, either alone or jointly with others
      relating to any business which the Company, during the period of this Agreement
      is or may be concerned (“Inventions”). Consultant agrees that any such
      Inventions are “works for hire”. Such disclosure shall be made by Consultant to
      the Company in a written report, setting forth in detail the structures,
      procedures and methodology employed and the results achieved. 

    

    11.2 Consistent
      with and to the extent permitted by applicable law, Consultant hereby assigns
      and agrees to assign to the Company all rights in and to the Inventions and
      proprietary rights therein, as provided in Section 11.1, based thereon or
      related thereto, including, but not limited to, applications for United States
      and foreign patents and resulting patents.

    

    11.3 Consultant
      further agrees, without charge to the Company but at its expense, to assist
      the
      Company in every proper way and execute, acknowledge and deliver to the Company,
      during and after termination of this Agreement, all such documents necessary
      and
      perform such other legal acts as may be necessary, in the opinion of the
      Company, to obtain or maintain United States or foreign patents or other
      proprietary protection, for any and all Inventions made during his performance
      of the duties and Services for the Company in any and all countries, and to
      vest
      title therein to the Company.

    

    11.4 Consultant
      acknowledges notice from the Company that this foregoing obligation to assign
      rights in and to any Inventions does not apply to an Invention for which no
      equipment, supplies, facility or Confidential Information of Company was used
      and which was developed entirely on Consultant's own time and (1) which does
      not
      relate (A) directly to the business of the Company, or (B) to the Company's
      actual or demonstrably anticipated research or development; or (2) which does
      not result from any work performed by Consultant for the Company.

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    

    11.5 Consultant
      further agrees that prior to termination of the Agreement with the Company
      for
      any reason, Consultant shall disclose to the Company, in a written report,
      all
      Inventions, the rights to which Consultant has agreed to assign to the Company
      under Sections 11.1 and 11.2 above, and which Consultant has not previously
      disclosed. 

    

    12. RESTRICTIVE
      COVENANTS. 

    

    12.1 Non-Solicitation.

    

    (a)
      Consultant specifically acknowledges that the Confidential Information described
      in Section 10.1 includes confidential data pertaining to current and prospective
      customers of the Company, that such data is a valuable and unique asset of
      the
      Company's business and that the success or failure of the Company's specialized
      business is dependent in large part upon the Company's ability to establish
      and
      maintain close and continuing personal contacts and working relationships with
      such customers and to develop proposals which are specifically designed to
      meet
      the requirements of such customers. Therefore, during term of this Agreement
      and
      for the twelve (12) months following termination of this Agreement for any
      reason, except on behalf of the Company or with the Company's prior written
      consent, Consultant is prohibited from soliciting, either directly or
      indirectly, on his own behalf or on behalf of any other person or entity, all
      such customers with whom Consultant had contact during the twenty-four (24)
      months preceding termination of this Agreement.

    

    (b) Consultant
      specifically acknowledges that the Confidential Information described in Section
      10.1 also includes confidential data pertaining to current and prospective
      employees and agents of the Company, and Consultant further agrees that during
      the term of this Agreement and for the twelve (12) months following termination
      of this Agreement for any reason, Consultant will not directly or indirectly
      solicit, on his own behalf or on behalf of any other person or entity, the
      services of any person who is an employee or agent of the Company or solicit
      any
      of the Company's employees or agents to terminate their employment or agency
      with the Company.

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    

    (c) Consultant
      specifically acknowledges that the Confidential Information described in Section
      10.1 also includes confidential data pertaining to current and prospective
      vendors and suppliers of the Company, Consultant agrees that during the term
      of
      this Agreement and for the twelve (12) months following termination of this
      Agreement for any reason, Consultant will not directly or indirectly solicit,
      on
      his own behalf or on behalf of any other person or entity, any Company vendor
      or
      supplier for the purpose of either providing products or services to competitors
      of the Company, as described in Section 12.2(b), or terminating such
      vendor's or supplier's relationship or agency with the Company.

    

    (d) Consultant
      further agrees that, during term of this Agreement and for the twelve (12)
      months following termination of this Agreement for any reason, Consultant will
      do nothing to interfere with any of the Company's business
      relationships.

    

    12.2 Non-Competition.

    

    (a) Consultant
      represents to the Company that Consultant is not a party to any agreement with
      a
      prior employer, client or otherwise which would prohibit Consultant from
      performing this Agreement. Consultant further represents that he has provided
      to
      the Company copies of any and all agreements (e.g., non-competition,
      non-solicitation, or non-disclosure agreements) that might limit Consultant's
      ability, in any way, to perform the Services set forth herein, and Consultant
      agrees to act at all times on behalf of the Company in a manner consistent
      with
      any such agreements. Consultant acknowledges and understands that the Company
      will have no obligation to provide legal representation to Consultant in the
      event a prior employer, client or other third party brings or threatens to
      bring
      an action against Consultant for violating any such agreements; and that this
      Agreement may be terminated in the event the Company determines that Consultant
      may have violated any such agreements. Despite anything to the contrary herein,
      termination based upon the Company’s determination that Consultant has violated
      this Section 12.2 shall be considered termination for Cause. 

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    

    (b) Consultant
      covenants and agrees that during the period commencing on the Effective Date
      and
      ending thirty-six (36) months from the Effective Date (the “Restriction
      Period”), he will not, in the United States or Canada or in any other
      jurisdiction or country, engage in or carry on, directly or indirectly, as
      an
      owner, employee, agent, associate, consultant or in any other capacity, a
      business competitive with that conducted by the Company. A "business competitive
      with that conducted by the Company" shall mean any business or activity involved
      in the discovery or mining of (1) molybdenum or, (2) any other ore that produces
      molybdenum as a by product. For purposes of this subparagraph (b)(2), a business
      is not competitive with the Company if the annual gross revenue derived from
      the
      sale of molybdenum as a by product during all times during the Restriction
      Period comprises less than the lesser of (i) 10% of the annual gross revenue
      of
      said business or (ii) $50 million (a “Minimal Producer”). If Consultant
      contemplates entering into any employment or business arrangement with a Minimal
      Producer he shall, prior to the commencement of such employment or affiliation,
      certify and provide continued assurances to the Company that said business
      is,
      in fact, a Minimal Producer. To "engage in or carry on" shall mean to have
      ownership in such business or consult, work in, direct or have responsibility
      for any area of such business, including but not limited to the following areas:
      operations, sales, marketing, manufacturing, procurement or sourcing,
      purchasing, customer service, distribution, product planning, research, design
      or development.

    

    (c) During
      the Restriction Period, Consultant certifies and agrees that he will notify
      the
      CEO of the Company of his employment or other affiliation with any potentially
      competitive business or entity prior to the commencement of such employment
      or
      affiliation. 

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    

    13. TERMINATION
      BY COMPANY.
      Despite the term of this Agreement as set forth in Section 2 above, the Company
      shall have the right to earlier terminate this Agreement:

    

    13.1 at
      any time with cause. In such case, Consultant shall receive, as the only
      obligation of the Company the compensation earned through the date of
      termination but not yet paid to Consultant. For purposes of this Agreement
      and
      except as set forth elsewhere herein, Cause shall mean the good faith
      determination by the Company that:

    

    (a) Consultant
      has neglected, failed or refused to perform the duties and Services as set
      forth
      in this Agreement;

    

    (b) Consultant
      has breached any of the provisions set forth in this Agreement;

    

    (c) Consultant
      has committed a willful or intentional act that could reasonably be expected
      to
      injure the reputation, business or business relationships of the Company;
      or

    

    (d) Consultant
      has been convicted (including conviction on a nolo contendere, no
      contest, or similar plea) of a felony or any crime involving fraud, dishonesty,
      or moral turpitude. 

    

    With
      respect to any of the matters set forth in (a) or (b) above, the Company shall
      provide Consultant notice of the deficiency and a reasonable opportunity to
      correct the deficiency (not to exceed thirty (30) days) prior to termination
      of
      this Agreement. In the event that the Company has given notice of a deficiency
      and makes a determination that the deficiency has not been cured within a
      reasonable period of time, this Agreement may be terminated for Cause.

    

    13.2 automatically
      upon the death of the Consultant. In such event, the Company shall pay
      Consultant's estate the Compensation earned through the date of death but not
      yet paid to Consultant. 

    

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

    

    13.3 automatically
      upon the inability of Consultant to satisfactorily perform the Services set
      forth in Section 3 or as assigned to him by the CEO from time to time by reason
      of mental or physical illness or injury for a period of thirty (30) days. In
      such event, the Company shall pay Consultant the Compensation earned but unpaid
      to Consultant through the date of termination. 

    

    14. ARBITRATION/COSTS. Any
      dispute or controversy arising under or in connection with this Agreement that
      cannot be informally resolved shall be settled exclusively by arbitration in
      Spokane, Washington by a sole neutral arbitrator in accordance with the Rules
      of
      the American Arbitration Association relating to any disputes then in effect.
      Judgment may be entered on the arbitrator’s award in any jurisdiction.
      Notwithstanding the foregoing, nothing in this provision restricts in any way
      the Company’s right to seek injunctive or other equitable relief in any court to
      enforce the Company’s rights pursuant to Sections 10, 11 and 12 of this
      Agreement. The prevailing party in any such proceeding shall be entitled to
      an
      award of its reasonable costs, including attorney fees, in the discretion of
      the
      arbitrator or court as the case may be. 

    

    15. SOLE
      AGREEMENT; AMENDMENT.
      This Agreement constitutes the sole and entire understanding of the parties
      with
      respect to the subject matter hereof and all prior written or oral agreements
      or
      understandings between the parties hereto are incorporated in and are superseded
      by this Agreement. No modification or alteration of the terms of this Agreement
      shall be binding unless such modification or alteration shall be in writing
      and
      executed subsequent to the date hereof by all parties. Time is of the essence
      of
      this Agreement.

    

    16.
      NOTICES. Any notice, consent, approval, request, demand or other communication
      required or permitted hereunder must be in writing to be effective and shall
      be
      deemed delivered and received (i) if personally delivered or if delivered by
      telex or telecopy with electronic confirmation when actually received by the
      party to whom sent, or (ii) if delivered by mail (whether actually received
      or
      not), at the close of business on the fifth business day next following the
      day
      when placed in the federal mail, postage prepaid, certified or registered mail,
      return receipt requested, addressed as follows:

    

    If
      to
      Company:         Bruce D. Hansen,
      CEO

    Idaho
      General Mines, Inc.

    1726
      Cole Blvd., Suite 115

    Lakewood,
      CO 80401

    Fax:
      (303) 928-8598

    

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

       

    

    with
      a
      copy to:                  Michael
      K. Branstetter

    Hull
      & Branstetter Chartered

    P.O.
      Box
      709

    Wallace,
      ID 83873

    Fax:
      (208) 752-0951

    (which
      shall not constitute notice)

    

    If
      to
      Consultant:                   Robert
      L. Russell

    639
      North
      Riverpoint Blvd., H 203

    Spokane,
      WA 99202

    Fax:
      ______________________

    

    with
      a
      copy to:               Michael
      Church

    Stamper
      Rubens, P.S.

    720
      West
      Boone, Suite 200

    Spokane
      Washington, 99201

    Fax:
      (509) 326-4891

    (which
      shall not constitute notice)

    

    17. GOVERNING
      LAW. This Agreement shall be governed by and construed under the laws of the
      State of Washington, without regard to its conflict of laws principles.

    

    18. SURVIVAL.
      Upon the expiration
      or termination of this Agreement for any reason, the provisions of Sections
      10,
      11, 12, 14 and 17 and the other covenants of the parties that by their terms
      survive termination of this Agreement herein (the “Surviving Provisions”) shall
      survive and remain in full force and effect.

    

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

    

    IN
      WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
      dates
      set forth below, effective as of the date first set forth above.

    

    DATED
      this 1st day of October, 2007. 

    

    
      	 	 	 
	 	 	
              For
                and on behalf of Idaho General Mines, Inc.

            
	 
 	 
 	 
 
	 	  	/s/
              Bruce D. Hansen
	 	
              

              By:
                Bruce D. Hansen,

              Its
                Chief Executive Officer

            

    

    

    
      	 	 	 
	 	 	
              Consultant:

            
	 
 	 
 	 
 
	 	  	/s/
              Robert L. Russell
	 	
              

              
                Robert
                  L. Russell

              

            

    

     

    
      
        
        

      

      
        15

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00139-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00139-of-00352.parquet"}]]