Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - Continental Minerals Corporation - Exhibit 4A

 LOAN AGREEMENT 

 This Loan Agreement (“Agreement”) is entered into
  on _____________ , 2005 in Lhasa Municipality, Tibet Autonomous Region, People’s
  Republic of China (“China”) by the following parties: 

 Tibet Tian Yuan Minerals Exploration Ltd., a wholly foreign
  owned enterprise incorporated under the laws of China and having its legal address
  at 13F, Waijinmao Building, Jinzhu West Road 75, Lhasa Municipality, Tibet Autonomous
  Region People's Republic of China ("Borrower"); and 

 Highland Mining Inc., a corporation duly established and existing
  under the laws of British Virgin Islands, with its principal place of business
  at P.O.Box 3444, Road Town, Tortola, British Virgin Islands (“Lender”).

 WHEREAS, the Borrower is an affiliate of the Lender and Lender
  agrees to provide loans to Borrower for operations and working capital purposes;

 NOW, therefore, Lender and Borrower hereby agree as follows:

	 1.      	 The Lender shall lend to the Borrower and the Borrower
        shall borrow from the Lender a principal amount of maximum US$ 580,000
        (the “Loan”). 

	 
	 2.      	 The repayment of the Loan is on demand. 

	 
	 3.      	 The Loan shall bear interest at a rate of LIBOR
        plus 2% per annum, compounded monthly. 

	 
	 4.      	 The Borrower shall open a special loan repayment
        account at a designated foreign exchange bank in accordance with the relevant
        laws and regulations of China. Within ten (10) business days of the expiration
        of the loan term or any extended term thereof or upon a demand by the
        lender, the Borrower shall complete the formalities for repayment of principal
        and interest in accordance with the relevant law effective at that time
        and repay all outstanding principal amounts of the Loan plus all interest
        accrued thereon. The borrower shall be responsible for the payment of
        any withholding taxes levied on the amounts repaid. 

	 
	 5.      	 The Borrower shall, after signing this Agreement,
        handle foreign debt registration procedures at State Administration of
        Foreign Exchange (SAFE) 

 1

 

	 	 or its local branch in Tibet. This Agreement
        shall become effective upon the issuance of such Foreign Debt Registration
        Certificate. 

	 
	 6.      	 The Lender shall not be obliged to provide
        the Loan unless it shall have received the following documents: 

	 
	 	 (1)     
      
	 a resolution of the Board of Directors of the Borrower,
        in form and substance satisfactory to the Lender, approving the borrowing
        under the terms of this Agreement and authorizing a person to sign this
        Agreement; 

	 
	 	 (2)      
	 a copy of a valid Foreign Debt Registration Certificate
        issued by SAFE or its local branch in Tibet; 

	 
	 	 (3)      
	 evidence that the Borrower has opened a special
        loan account at a designated foreign exchange bank in accordance with
        the relevant laws and regulations of China; and 

	 
	 	 (4)      
	 a draw-down notice issued by the Borrower to the
        Lender at least five (5) days before the intended draw-down date, notifying
        the Lender the draw-down date and the draw-down amount. 

	 
	 7.      	 In the event a dispute arises between
        the parties in connection with this agreement, either party shall issue
        a written notice to the other party. The parties shall attempt in the
        first instance to resolve such dispute through friendly consultations.
        If the dispute is not resolved in this manner within 30 days after the
        issuance of such notice, then either party may submit the dispute to the
        China International Economic and Trade Arbitration Commission for arbitration
        in Beijing. The arbitration shall be conducted in accordance with the
        Commission’s arbitration rules in effect at the time of applying
        for arbitration. The arbitration award is final and binding upon both
        parties. 

	 
	 8.      	 This agreement shall be governed by the
        laws of China. 

	 
	 9.      	 This Agreement is signed in English. Any
        Chinese language version of this agreement is for reference purposes only.
        Three originals of this Agreement shall be signed in each language. Each
        party shall retain one original and one original shall be used for the
        registration of this Agreement with SAFE in accordance with Clause 5.
      

 2

 IN WITNESS WHEREOF, the authorized representatives of the
  Lender and the Borrower have signed this Agreement on the date first above written.

	 Tibet Tian Yuan Minerals  	 Highland Mining Inc.  
	 Exploration Ltd.  	  	  
	  	 	 
	 	 	 
	 	 	 
	 	 	 
	 By:  	 By:  	  
	 	 	 
	 Name:  	 Name:  	 Jeffrey R. Mason  
	 	 	 
	 Title:  	 Title:  	 Chief Financial Officer  

 3Filed by Automated Filing Services Inc. (604) 609-0244 - Continental Minerals Corporation - Exhibit 4C

 CONTINENTAL MINERALS CORPORATION

  (the “Company”) 

 2005 SHARE OPTION PLAN 

Dated for Reference June 14, 2005 

ARTICLE 1 

 ARTICLE 2 

  PURPOSE AND INTERPRETATION 

 Purpose 

 2.1            
              The purpose
  of this Plan will be to advance the interests of the Company by encouraging
  equity participation in the Company through the acquisition of Common Shares
  of the Company. It is the intention of the Company that this Plan will at all
  times be in compliance with the rules and policies of the TSX Venture Exchange
  (or “TSX Venture”) (the “TSX Venture Policies”) and
  any inconsistencies between this Plan and the TSX Venture Policies whether due
  to inadvertence or changes in TSX Venture Policies will be resolved in favour
  of the latter. 

 Definitions 

 2.2           
              In this Plan

Affiliate means a company that
  is a parent or subsidiary of the Company, or that is controlled by the same
  entity as the Company; 

Associate has the meaning assigned
  by the Securities Act; 

Board means the board of directors
  of the Company or any committee thereof duly empowered or authorized to grant
  options under this Plan; 

Change of Control includes situations
  where after giving effect to the contemplated transaction and as a result of
  such transaction:

(i)            
  any one Person holds a sufficient number of voting shares of the Company or
  resulting company to affect materially the control of the Company or resulting
  company, or, 

(ii)            
  any combination of Persons, acting in concert by virtue of an agreement, arrangement,
  commitment or understanding, hold in total a sufficient number of voting shares
  of the Company or its successor to affect materially the control of the Company
  or its successor,

 - 2 - 

where such Person or combination of
  Persons did not previously hold a sufficient number of voting shares to affect
  materially control of the Company or its successor. In the absence of evidence
  to the contrary, any Person or combination of Persons acting in concert by virtue
  of an agreement, arrangement, commitment or understanding, holding more than
  20% of the voting shares of the Company or its successor is deemed to materially
  affect the control of the Company or its successor; 

Common Shares means common shares
  without par value in the capital of the Company providing such class is listed
  on the TSX Venture; 

Company means the Corporation
  named at the top hereof and includes, unless the context otherwise requires,
  all of its subsidiaries or affiliates and successors according to law; 

Consultant means a Person or
  Consultant Company, other than an Employee, Officer or Director that:

(i)            
  provides on an ongoing bona fide basis, consulting, technical, managerial or
  like services to the Company or an Affiliate of the Company, other than services
  provided in relation to a Distribution; 

(ii)           
  provides the services under a written contract between the Company or an Affiliate
  and the Person or the Consultant Company; 

(iii)         
  in the reasonable opinion of the Company, spends or will spend a significant
  amount of time and attention on the business and affairs of the Company or an
  Affiliate of the Company; and 

(iv)          
  has a relationship with the Company or an Affiliate that enables the Person
  or Consultant Company to be knowledgeable about the business and affairs of
  the Company; 

Consultant Company means for
  a Person consultant, a company or partnership of which the Person is an employee,
  shareholder or partner;

Directors means the directors
  of the Company as may be elected from time to time; 

Discounted Market Price has the
  meaning assigned by Policy 1.1 of the TSX Venture Policies; 

Disinterested Shareholder Approval
  means approval by a majority of the votes cast by all the Company’s shareholders
  at a duly constituted shareholders’ meeting, excluding votes attached
  to shares beneficially owned by Service Providers or their Associates; 

Distribution has the meaning
  assigned by the Securities Act, and generally refers to a distribution of securities
  by the Company from treasury; 

Effective Date for an Option
  means the date of grant thereof by the Board; 

 - 3 - 

Employee means:

(a)            
  a Person who is considered an employee under the Income Tax Act (i.e. for whom
  income tax, employment insurance and CPP deductions must be made at source);

(b)            
  a Person who works full-time for the Company or its subsidiary providing services
  normally provided by an employee and who is subject to the same control and
  direction by the Company over the details and methods of work as an employee
  of the Company, but for whom income tax deductions are not made at source; or

(c)            
  a Person who works for the Company or its subsidiary on a continuing and regular
  basis for a minimum amount of time per week providing services normally provided
  by an employee and who is subject to the same control and direction by the Company
  over the details and methods of work as an employee of the Company, but for
  whom income tax deductions need not be made at source; 

Exercise Price means the amount
  payable per Common Share on the exercise of an Option, as determined in accordance
  with the terms hereof;

Expiry Date means the day on
  which an Option lapses as specified in the Option Commitment therefor or in
  accordance with the terms of this Plan; 

Insider means

(i)           
  an insider as defined in the TSX Venture Policies or as defined in securities
  legislation applicable to the Company; 

(ii)           
  an Associate of any person who is an Insider by virtue of §(i) above; 

Investor Relations Activities
  has the meaning assigned by Policy 1.1 of the TSX Venture Policies, and means
  generally any activities or communications that can reasonably be seen to be
  intended to or be primarily intended to promote the merits or awareness of or
  the purchase or sale of securities of the Company; 

Listed Shares means the number
  of issued and outstanding shares of the Company that have been accepted for
  listing on the TSX Venture, but excluding dilutive securities not yet converted
  into Listed Shares; 

Management Company Employee means
  a Person employed by another Person or a corporation providing management services
  to the Company which are required for the ongoing successful operation of the
  business enterprise of the Company, but excluding a corporation or Person engaged
  primarily in Investor Relations Activities; 

NEX means a separate board of
  TSX Venture for companies previously listed on TSX Venture or the Toronto Stock
  Exchange which have failed to maintain compliance with the ongoing financial
  listing standards of those markets; 

 - 4 - 

Officer means a duly appointed
  senior officer of the Company; 

Option means the right to purchase
  Common Shares granted hereunder to a Service Provider; 

Option Commitment means the notice
  of grant of an Option delivered by the Company hereunder to a Service Provider
  and substantially in the form of Schedule A hereto; 

Optioned Shares means Common
  Shares that may be issued in the future to a Service Provider upon the exercise
  of an Option; 

Optionee means the recipient
  of an Option hereunder; 

Outstanding Shares means at the
  relevant time, the number of outstanding Common Shares of the Company from time
  to time; 

Participant means a Service Provider
  that becomes an Optionee; 

Person means a company or an
  individual; 

Plan means this Share Option
  Plan, the terms of which are set out herein or as may be amended; 

Plan Shares means the total number
  of Common Shares which may be reserved for issuance as Optioned Shares under
  the Plan as provided in §2.2; 

Regulatory Approval means the
  approval of the TSX Venture and any other securities regulatory authority that
  may have lawful jurisdiction over the Plan and any Options issued hereunder;

Securities Act means the Securities
  Act, R.S.B.C. 1996, c. 418, as amended from time to time; 

Service Provider means a Person
  who is a bona fide Director, Officer, Employee, Management Company Employee
  or Consultant, and also includes a company, of which 100% of the share capital
  is beneficially owned by one or more Person Service Providers; 

Share Compensation Arrangement
  means any Option under this Plan but also includes any other stock option, stock
  option plan, employee stock purchase plan or any other compensation or incentive
  mechanism involving the issuance or potential issuance of Common Shares to a
  Service Provider; 

Shareholders Approval means approval
  by a majority of the votes cast by eligible shareholders at a duly constituted
  shareholders’ meeting; 

TSX Venture means the TSX Venture
  Exchange and any successor thereto; and 

TSX Venture Policies means the
  rules and policies of the TSX Venture as amended from time to time. 

 - 5 - 

 Other Words and Phrases 

 2.3            
              Words and
  Phrases used in this Plan but which are not defined in the Plan, but are defined
  in the TSX Venture Policies, will have the meaning assigned to them in the TSX
  Venture Policies. 

 Gender 

 1.            
  Words importing the masculine gender include the feminine or neuter, words in
  the singular include the plural, words importing a corporate entity include
  individuals, and vice versa. 

 ARTICLE 3 

SHARE OPTION PLAN 

 Establishment of Share Option Plan 

 3.1            
              There is
  hereby established a Share Option Plan to recognize contributions made by Service
  Providers and to create an incentive for their continuing assistance to the
  Company and its Affiliates.

 Maximum Plan Shares 

 3.2            
              The maximum
  aggregate number of Plan Shares that may be reserved for issuance under the
  Plan is 7,500,000 Common Shares, unless this Plan is amended pursuant to the
  requirements of the TSX Venture Policies. 

 Eligibility 

 3.3            
              Options to
  purchase Common Shares may be granted hereunder to Service Providers from time
  to time by the Board. Service Providers that are corporate entities will be
  required to undertake in writing not to effect or permit any transfer of ownership
  or option of any of its shares, nor issue more of its shares (so as to indirectly
  transfer the benefits of an Option), as long as such Option remains outstanding,
  unless the written permission of the TSX Venture and the Company is obtained.

 Options Granted Under the Plan 

 3.4            
              All Options
  granted under the Plan will be evidenced by an Option Commitment in the form
  attached as Schedule A, showing the number of Optioned Shares, the term of the
  Option, a reference to vesting terms, if any, and the Exercise Price. 

 3.5            
              Subject to
  specific variations approved by the Board, all terms and conditions set out
  herein will be deemed to be incorporated into and form part of an Option Commitment
  made hereunder. 

 - 6 - 

 Limitations on Issue 

 3.6            
              Subject to
  §2.9, the following restrictions on issuances of Options are applicable
  under the Plan: 

(a)            
  no Service Provider can be granted an Option if that Option would result in
  the total number of Options, together with all other Share Compensation Arrangements
  granted to such Service Provider in the previous 12 months, exceeding 5% of
  the Listed Shares (unless the Company is classified as a Tier 1 Company by the
  TSX Venture and has obtained Disinterested Shareholder Approval under §3.9(a)(iii)
  to do so); 

(b)            
  no Options can be granted under the Plan if the Company is designated “Inactive”
  (as defined in TSX Venture Policies) by the TSX Venture; 

(c)           
  the aggregate number of Options granted to Service Providers conducting Investor
  Relations Activities in any 12-month period must not exceed 2% of the Listed
  Shares, calculated at the time of grant, without the prior consent of TSX Venture;
  and 

(d)            
  the aggregate number of options granted to any one Consultant in any 12-month
  period must not exceed 2% of the Listed Shares, calculated at the time of grant,
  without the prior consent of TSX Venture. 

 Options Not Exercised 

 3.7           
              In the event
  an Option granted under the Plan expires unexercised or is terminated by reason
  of dismissal of the Optionee for cause or is otherwise lawfully cancelled prior
  to exercise of the Option, the Optioned Shares that were issuable thereunder
  will be returned to the Plan and will be eligible for re-issue. 

 Powers of the Board 

 3.8            
              The Board
  will be responsible for the general administration of the Plan and the proper
  execution of its provisions, the interpretation of the Plan and the determination
  of all questions arising hereunder. Without limiting the generality of the foregoing,
  the Board has the power to 

(a)            
  allot Common Shares for issuance in connection with the exercise of Options;

(b)            
  grant Options hereunder; 

(c)            
  subject to Regulatory Approval, amend, suspend, terminate or discontinue the
  Plan, or revoke or alter any action taken in connection therewith, except that
  no general amendment or suspension of the Plan will, without the written consent
  of all Optionees, alter or impair any Option previously granted under the Plan
  unless as a result of a change in TSX Venture Policies or the Company’s
  tier classification thereunder; 

(d)            
  delegate all or such portion of its powers hereunder as it may determine to
  one or more committees of the Board, either indefinitely or for such period
  of time as it may specify, and thereafter each such committee may exercise the
  powers and discharge the 

 - 7 - 

duties of the Board in respect of the
  Plan so delegated to the same extent as the Board is hereby authorized so to
  do; and 

(e)            
  may in its sole discretion amend this Plan (except for previously granted and
  outstanding Options) to reduce the benefits that may be granted to Service Providers
  (before a particular Option is granted) subject to the other terms hereof. 

Terms or Amendments Requiring Disinterested Shareholder Approval 

 3.9                       
  The Company will be required to obtain Disinterested Shareholder Approval prior
  to any of the following actions becoming effective: 

(a)            
  the Plan, together with all of the Company’s previously established and
  outstanding stock option plans or grants, could result at any time in: 

(i)           
  the aggregate number of shares reserved for issuance under stock options granted
  to Insiders exceeding 10% of the Listed Shares;

(ii)          
  the number of Optioned Shares issued to Insiders within a one-year period exceeding
  10% of the Listed Shares; or,

(iii)         
  in the case of a Tier l Company only, the issuance to any one Optionee, within
  a 12-month period, of a number of shares exceeding 5% of Listed Shares; or 

(b)            
  any reduction in the Exercise Price of an Option previously granted to an Insider.

 ARTICLE 4 

 TERMS AND CONDITIONS OF OPTIONS 

 Exercise Price 

 4.1           
              The Exercise
  Price of an Option will be set by the Board at the time such Option is allocated
  under the Plan, and cannot be less than the Discounted Market Price. 

 Term of Option 

 4.2            
              An Option
  can be exercisable for a maximum of 10 years from the Effective Date for a Tier
  1 Company, or five years from the Effective Date for a Tier 2 or NEX Company.

 Option Amendment 

 4.3            
              Subject to
  §2.9(b), the Exercise Price of an Option may be amended only if at least
  six (6) months have elapsed since the later of the date of commencement of the
  term of the Option, the date the Company’s shares commenced trading on
  the TSX Venture, or the date of the last amendment of the Exercise Price. 

 4.4            
              An Option
  must be outstanding for at least one year before the Company may extend its
  term, subject to the limits contained in §3.2. 

 - 8 - 

 4.5            
              Any proposed
  amendment to the terms of an Option must be approved by the TSX Venture prior
  to the exercise of such Option. 

 Vesting of Options 

 4.6            
              Subject to
  §4.7, vesting of Options is otherwise at the discretion of the Board, and
  will generally be subject to: 

(a)           
  the Service Provider remaining employed by or continuing to provide services
  to the Company or any of its subsidiaries and Affiliates as well as, at the
  discretion of the Board, achieving certain milestones which may be defined by
  the Board from time to time or receiving a satisfactory performance review by
  the Company or its subsidiary or affiliate during the vesting period; or 

(b)            
  remaining as a Director of the Company or any of its subsidiaries or Affiliates
  during the vesting period. 

 4.7            
              If the Company
  is a Tier 2 Company and the Plan Shares exceed 10% of the Listed Shares, any
  Options granted under the Plan will vest in accordance with the vesting schedule
  attached as Schedule B and may be exercised only after vesting. 

 Vesting of Options Granted for Investor Relations Activities
  

 4.8            
              Subject to
  §4.7, Options granted to Consultants conducting Investor Relations Activities
  will vest: 

(a)            
  over a period of not less than 12 months as to 25% on the date that is three
  months from the date of grant, and a further 25% on each successive date that
  is three months from the date of the previous vesting; or 

(b)            
  such longer vesting period as the Board may determine. 

 Variation of Vesting Periods 

 4.9            
              At the time
  an Option is granted which carries vesting provisions, the Board may vary such
  vesting provisions provided in §3.7 and §4.8, subject to Regulatory
  Approval. 

 Optionee Ceasing to be Director, Employee or Service Provider
  

 4.10            
             No Option may be
  exercised after the Service Provider has left the employ/office or has been
  advised his services are no longer required or his service contract has expired,
  except as follows: 

(a)           
  in the case of the death of an Optionee, any vested Option held by him at the
  date of death will become exercisable by the Optionee’s lawful personal
  representatives, heirs or executors until the earlier of one year after the
  date of death of such Optionee and the date of expiration of the term otherwise
  applicable to such Option; 

 - 9 - 

(b)           
  in the case of a Tier 1 Company, Options granted to any Service Provider must
  expire within 90 days after the date the Optionee ceases to be employed with
  or provide services to the Company, but only to the extent that such Optionee
  was vested in the Option at the date the Optionee ceased to be so employed or
  to provide services to the Company;

(c)           
  in the case of a Tier 2 or NEX Company, Options granted to a Service Provider
  conducting Investor Relations Activities must expire within 30 days of the date
  the Optionee ceases to conduct such activities, but only to the extent that
  such Optionee was vested in the Option at the date the Optionee ceased to conduct
  such activities,

(d)           
  in the case of a Tier 2 or NEX Company, Options granted to an Optionee other
  than one conducting Investor Relations Activities must expire within 90 days
  after the Optionee ceases to be employed with or provide services to the Company,
  but only to the extent that such Optionee was vested in the Option at the date
  the Optionee ceased to be so employed or to provide services to the Company;
  and 

(e)           
  in the case of an Optionee being dismissed from employment or service for cause,
  such Optionee’s Options, whether or not vested at the date of dismissal
  will immediately terminate without right to exercise same. 

 Non Assignable 

 4.11            
             Subject to §3.10(a),
  all Options will be exercisable only by the Optionee to whom they are granted
  and will not be assignable or transferable. 

 Adjustment of the Number of Optioned Shares 

 4.12            
             The number of Common
  Shares subject to an Option will be subject to adjustment in the events and
  in the manner following: 

(a)            
  in the event of a subdivision of Common Shares as constituted on the date hereof,
  at any time while an Option is in effect, into a greater number of Common Shares,
  the Company will thereafter deliver at the time of purchase of Optioned Shares
  hereunder, in addition to the number of Optioned Shares in respect of which
  the right to purchase is then being exercised, such additional number of Common
  Shares as result from the subdivision without an Optionee making any additional
  payment or giving any other consideration therefor; 

(b)           
  in the event of a consolidation of the Common Shares as constituted on the date
  hereof, at any time while an Option is in effect, into a lesser number of Common
  Shares, the Company will thereafter deliver and an Optionee will accept, at
  the time of purchase of Optioned Shares hereunder, in lieu of the number of
  Optioned Shares in respect of which the right to purchase is then being exercised,
  the lesser number of Common Shares as result from the consolidation; 

(c)           
  in the event of any change of the Common Shares as constituted on the date hereof,
  at any time while an Option is in effect, the Company will thereafter deliver
  at the time of purchase of Optioned Shares hereunder the number of shares of
  the appropriate 

 - 10 - 

class resulting from the said change
  as an Optionee would have been entitled to receive in respect of the number
  of Common Shares so purchased had the right to purchase been exercised before
  such change; 

(d)           
  in the event of a capital reorganization, reclassification or change of outstanding
  equity shares (other than a change in the par value thereof) of the Company,
  a consolidation, merger or amalgamation of the Company with or into any other
  company or a sale of the property of the Company as or substantially as an entirety
  at any time while an Option is in effect, an Optionee will thereafter have the
  right to purchase and receive, in lieu of the Optioned Shares immediately theretofore
  purchasable and receivable upon the exercise of the Option, the kind and amount
  of shares and other securities and property receivable upon such capital reorganization,
  reclassification, change, consolidation, merger, amalgamation or sale which
  the holder of a number of Common Shares equal to the number of Optioned Shares
  immediately theretofore purchasable and receivable upon the exercise of the
  Option would have received as a result thereof. The subdivision or consolidation
  of Common Shares at any time outstanding (whether with or without par value)
  will not be deemed to be a capital reorganization or a reclassification of the
  capital of the Company for the purposes of this §3.12(d); 

(e)            
  an adjustment will take effect at the time of the event giving rise to the adjustment,
  and the adjustments provided for in this Section are cumulative; 

(f)            
  the Company will not be required to issue fractional shares in satisfaction
  of its obligations hereunder. Any fractional interest in a Common Share that
  would, except for the provisions of this §3.12(f), be deliverable upon
  the exercise of an Option will be cancelled and not be deliverable by the Company;
  and 

(g)           
  if any questions arise at any time with respect to the Exercise Price or number
  of Optioned Shares deliverable upon exercise of an Option in any of the events
  set out in this §3.12, such questions will be conclusively determined by
  the Company’s auditors, or, if they decline to so act, any other firm
  of Chartered Accountants, in Vancouver, British Columbia (or in the city of
  the Company’s principal executive office) that the Company may designate
  and who will have access to all appropriate records and such determination will
  be binding upon the Company and all Optionees. 

 ARTICLE 5 

 COMMITMENT AND EXERCISE PROCEDURES 

Option Commitment 

 5.1            
              Upon grant
  of an Option hereunder, an authorized officer of the Company will deliver to
  the Optionee an Option Commitment detailing the terms of such Options and upon
  such delivery the Optionee will be subject to the Plan and have the right to
  purchase the Optioned Shares at the Exercise Price set out therein subject to
  the terms and conditions hereof. 

 - 11 - 

Manner of Exercise 

 5.2            
              An Optionee
  who wishes to exercise his Option may do so by delivering 

(a)           
  a written notice to the Company specifying the number of Optioned Shares being
  acquired pursuant to the Option; and 

(b)            
  cash or a certified cheque payable to the Company for the aggregate Exercise
  Price for the Optioned Shares being acquired. 

Delivery of Certificate and Hold Periods 

 5.3            
              As soon as
  practicable after receipt of the notice of exercise described in §4.2 and
  payment in full for the Optioned Shares being acquired, the Company will direct
  its transfer agent to issue a certificate to the Optionee for the appropriate
  number of Optioned Shares. Such certificate issued will bear a legend stipulating
  any resale restrictions required under applicable securities laws. Further,
  if the Company is a Tier 2 or NEX Company, or the Exercise Price is set below
  the then current market price of the Common Shares on the TSX Venture, the certificate
  will also bear a legend stipulating that the Optioned Shares are subject to
  a four-month TSX Venture hold period commencing the date of the Option Commitment.

 ARTICLE 6

  GENERAL 

Employment and Services 

 6.1            
              Nothing contained
  in the Plan will confer upon or imply in favour of any Optionee any right with
  respect to office, employment or provision of services with the Company, or
  interfere in any way with the right of the Company to lawfully terminate the
  Optionee’s office, employment or service at any time pursuant to the arrangements
  pertaining to same. Participation in the Plan by an Optionee will be voluntary.

 No Representation or Warranty 

 6.2            
              The Company
  makes no representation or warranty as to the future market value of Common
  Shares issued in accordance with the provisions of the Plan or to the effect
  of the Income Tax Act (Canada) or any other taxing statute governing
  the Options or the Common shares issuable thereunder or the tax consequences
  to a Service Provider. Compliance with applicable securities laws as to the
  disclosure and resale obligations of each Participant is the responsibility
  of such Participant and not the Company. 

Interpretation 

 6.3            
              The Plan
  will be governed and construed in accordance with the laws of the Province of
  British Columbia. 

 - 12 - 

Amendment of the Plan 

 6.4            
              The Board
  reserves the right, in its absolute discretion, to at any time amend, modify
  or terminate the Plan with respect to all Common Shares in respect of Options
  which have not yet been granted hereunder. Any amendment to any provision of
  the Plan will be subject to any necessary Regulatory Approvals unless the effect
  of such amendment is intended to reduce (but not to increase) the benefits of
  this Plan to Service Providers. 

- 13 - 

 SCHEDULE A 

SHARE OPTION PLAN 

OPTION COMMITMENT 

 Notice is hereby given that, effective this ________ day of
  ________________ , __________ (the “Effective Date”) CONTINENTAL
  MINERALS CORPORATION (the “Company”) has granted to ___________________________________________
  (the “Service Provider”) , an Option to acquire ______________ Common
  Shares (“Optioned Shares”) up to 5:00 p.m. Vancouver Time on the
  __________ day of ____________________ , __________ (the “Expiry Date”)
  at a Exercise Price of Cdn$ ____________ per share. 

 At the date of grant of the Option, the Company is classified
  as a Tier ____ company under TSX Venture Policies. 

 Optioned Shares will vest and may be exercised as follows:

 {COMPLETE ONE} 

 ____________ In accordance with the vesting provisions
  set out in Schedule B of the Plan 

or 

____________ As follows: 

[INSERT VESTING SCHEDULE ]  [INSERT VESTING
  TERMS] 

 The grant of the Option evidenced hereby is made subject to
  the terms and conditions of the Plan, which are hereby incorporated herein and
  forms part hereof. 

 To exercise your Option, deliver a written notice specifying
  the number of Optioned Shares you wish to acquire, together with a certified
  cheque, wire transfer or bank draft payable to the Company for the aggregate
  Exercise Price. A certificate for the Optioned Shares so acquired will be issued
  by the transfer agent as soon as practicable thereafter and will bear a minimum
  four month non-transferability legend from the date of this Option Commitment,
  the text of which is as follows. [A Tier 1 Issuer may grant stock options without
  a hold period, provided the exercise price of the options is set at or above
  the market price of the Company’s shares rather than below.].

  
     "WITHOUT PRIOR WRITTEN APPROVAL OF THE TSX VENTURE EXCHANGE
      AND COMPLIANCE WITH ALL APPLICABLE SECURITIES LEGISLATION, THE SECURITIES
      REPRESENTED BY THIS CERTIFICATE MAY NOT BE SOLD, TRANSFERRED, HYPOTHECATED
      OR OTHERWISE TRADED ON OR THROUGH THE FACILITIES OF THE TSX VENTURE EXCHANGE
      OR OTHERWISE IN CANADA OR TO OR FOR THE BENEFIT OF A CANADIAN RESIDENT UNTIL
      12:00 A.M. (MIDNIGHT) ON [insert date 4 months from the date of grant]”.
    

  

 - 14 - 

 The Company and the Optionee represent that the Optionee under
  the terms and conditions of the Plan is a bona fide Service Provider (as defined
  in the Plan), entitled to receive Options under TSX Venture Policies. 

 The Optionee also acknowledges and consents to the collection
  and use of Personal Information (as defined in the Policies of the TSX Venture
  Exchange) by both the Company and the TSX Venture (or the NEX, as the case may
  be) as more particularly set out in the Acknowledgement - Personal Information
  in use by the TSX Venture (or the NEX, as the case may be) on the date of this
  Share Option Plan. 

 CONTINENTAL MINERALS CORPORATION

 

 _____________________________________ 

  Authorized Signatory 

 

 _____________________________________ 

  (• SIGNATURE OF OPTIONEE) 

 SCHEDULE B 

 SHARE OPTION PLAN

 VESTING SCHEDULE 

 1.            
  Options granted pursuant to the Plan to Directors, Officers and all Employees
  and Consultants employed or retained by the Company for a period of more than
  six months at the time the Option is granted will vest as follows: 

(a)            
  1/3 of the total number of Options granted will vest six months after the date
  of grant; 

(b)            
  a further 1/3 of the total number of Options granted will vest one year after
  the date of grant; and

(c)            
  the remaining 1/3 of the total number of Options granted will vest eighteen
  months after the date of grant. 

 2.            
  Options granted pursuant to the Plan to an Employee or a Consultant who has
  been employed or retained by the Company for a period of less than six months
  at the time the Option is granted will vest as follows: 

(a)            
  1/3 of the total number of Options granted will vest one year after the date
  of grant; 

(b)            
  a further 1/3 of the total number of Options granted will vest eighteen months
  after the date of grant; and

(c)            
  the remaining 1/3 of the total number of Options granted will vest two years
  after the date of grant. 

 3.            
  Options granted to Consultants retained by the Company pursuant to a short term
  contract or for a specific project with a finite term, will be subject to such
  vesting provisions determined by the Board of Directors of the Company at the
  time the Option Commitment is made, subject to Regulatory Approval. 

 4.            
  Options granted to Service Providers involved in Investor Relations Activities
  shall vest in accordance with section 3.8 of the Plan.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00087-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00087-of-00352.parquet"}]]