Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - TAO MINERALS LTD. - Exhibit 10.1

 PURCHASE AND SALE AGREEMENT

 BETWEEN

 TAO MINERALS LTD.

 AND

 MULTI METAL MINING CORP.

 Dated as of the 22nd day of October, 2004

 PURCHASE AND SALE AGREEMENT

THIS AGREEMENT made as of the 22nd day of October , 2004 

 AMONG:

	 	TAO MINERALS LTD., a company existing under the laws of the State
      of Nevada and having its head office at 80 S. Court St., Thunder Bay, Ontario
      P7B 2X4 (“Tao”) 

 AND:

	 	MULTI METAL MINING CORP., a company existing
        under the laws of the State of Nevada and having its head office at 6075
        South Eastern Ave., Suite 1, Las Vegas Nevada, 89119-3146 (the “Vendor”)
      

WHEREAS: 

	 A.      	 The Vendor holds, directly or indirectly, interests in certain mineral
      exploration claims located in the State of Nevada; 
	 
	 B.      	 The Vendor wishes to sell and Tao wishes to purchase a 100% interest
      in the Property on the terms and conditions contained in this Agreement.
    

In consideration of the premises, covenants and agreements contained in this Agreement, the parties covenant and agree each with the other as follows: 

	 1.      	 INTERPRETATION 
	 
	 1.1      	 Definitions 

 For the purposes of this Agreement and the recitals in and
  Schedule to this Agreement, unless the context otherwise requires, the following
  words and phrases will have the meanings indicated below: 

	 	 (a)      	 “Agreement” means this Agreement including the recitals and
      Schedule hereto, which are incorporated by this reference, as amended and
      supplemented; 
	 
	 	 (b)      	 “Property” means the mineral exploration claims located in
      the State of Nevada, USA and listed in Schedule 1 hereto; 
	 
	 	 (c)      	 “Purchase Price” means the $3,000, US Dollars, purchase
      price for the Property as contemplated in this Agreement; 
	 
	 	 (d)      	 “The Vendor” means Multi Metal Mining Corp., a company incorporated
      and existing under the laws of Nevada; 
	 
	 	 (e)      	 “Tao” means Tao Minerals Ltd., a company incorporated and
      existing under the laws of Nevada; 

	1.2 	Interpretation 

In this Agreement, except as otherwise expressed or provided or as the context otherwise requires: 

	 	 (a)      	 the headings and captions are provided for convenience only and will
      not form a part of this Agreement, and will not be used to interpret, define
      or limit the scope, extent or intent of this Agreement or any of its provisions;
      and 
	 
	 	 (b)      	 a reference to time or date is to the local time or date in Thunder Bay,
      Canada, unless specifically indicated otherwise; 

	1.3	Amendment 

 No amendment, waiver, termination or variation of the terms,
  conditions, warranties, covenants, agreements and undertakings set out herein
  will be of any force or effect unless the same is reduced to writing duly executed
  by all parties hereto in the same manner and with the same formality as this
  Agreement is executed.

	1.4 	Waiver 

 No waiver of any of the provisions of this Agreement will
  constitute a waiver of any other provision (whether or not similar) and no waiver
  will constitute a continuing waiver unless otherwise expressly provided.

	1.5	Schedules 

The following Schedules are attached hereto and form a part hereof: 

	 	 Schedule	 Subject
	  	 	 
	 	 1	 Description of Property
	 	 2	 Claim Map

	1.6 	Currency 
	 	 
	 	 All dollar ($) references in this Agreement are to United States
      dollars. 
	 	 
	2. 	 PURCHASE AND SALE 
	 	 
	2.1 	 Purchase and Sale 

 Subject to the terms and conditions of this Agreement and
  based on the representations and warranties contained in this Agreement, Tao
  hereby offers to purchase the Property from the Vendor and the Vendor hereby
  agrees to sell the Property to Tao. 

 2

	2.2 	Consideration 

 In consideration for the sale by the Vendor to Tao of the Property, Tao will
  pay the Purchase Price for the Property to the Vendor on the Closing date.

	3. 	REPRESENTATIONS AND WARRANTIES 
	 	 
	3.1 	 Representations and Warranties of The Vendor 

 The Vendor represents and warrants to and in favour of the
  Tao as follows and acknowledges that Tao is relying upon such representations
  and warranties in consummating the transactions contemplated by this Agreement:

	 	 (a)      	 This Agreement has been duly executed and delivered
        by the Vendor and constitutes a valid and binding obligation of the Vendor
        in accordance with its terms; 

	 
	 	 (b)      	 Schedules 1 and 2 hereto contain an accurate and
        complete description of the Property; 

	 
	 	 (c)      	 No person has any agreement or option or any right
        or privilege (whether by law, pre-emptive or contractual) capable of becoming
        an agreement or option for the purchase from the Vendor of any interest
        in the Property; 

	 
	 	 (d)      	 The entering into, execution, delivery and performance
        by the Vendor of this Agreement will not violate or contravene or conflict
        with or result in a breach of or default or give rise to any right of
        termination, acceleration, cancellation or modification under any of the
        terms and conditions of any contract, agreement, commitment, arrangement
        or understanding pursuant to which the Vendor holds or has acquired its
        interest in the Property or any other contract, agreement, commitment,
        arrangement, understanding or restriction, written or oral, to which the
        Vendor is a party or by which it is bound; 

	 
	 	 (e)      	 To the best of the knowledge of the Vendor after
        due enquiry, there are no legal conflicts of any nature and no investigations
        or legal or administrative affairs pending against the Vendor in connection
        with the Property or for any other cause and there is no pending or threatened
        decree, decision, sentence, injunction, order or award of any court, arbitral
        tribunal or governmental authority or any action, procedure, arbitration,
        administrative or judicial investigation, actual or threatened, with respect
        to the Vendor or the Property; 

	 
	 	 (f)      	 The Vendor holds all right, title and interest in
        and to the Property, and the Property is free of any lien, claim, pledge,
        privilege, levy, lease, sublease or rights of any person and other than
        government royalties, government work requirements and other conditions
        imposed by a governmental authority; 

	3.2 	Representations and Warranties of Tao 

 Tao represents and warrants to and in favour of the Vendor
  as follows and acknowledges that the Vendor are relying upon such representations
  and warranties in consummating the transactions contemplated by this Agreement:

	 	 (a)      	 Tao is a corporation duly incorporated and validly subsisting and in
      good standing in the State of Nevada; 

 3

 

	 	 (b)      	 Tao has the corporate power and authority to enter
        into this Agreement and to perform its obligations hereunder; 

	 
	 	 (c)      	 The execution and delivery of this Agreement and
        the completion of the transactions contemplated herein will constitute
        a valid and binding obligation of Tao enforceable against it in accordance
        with its terms; 

	 
	 	 (d)      	 The entering into, execution, delivery and performance
        by the Tao of this Agreement will not violate or contravene or conflict
        with or result in a breach of or default or give rise to any right of
        termination, acceleration, cancellation or modification under any of the
        terms and conditions of any contract, agreement, commitment, arrangement,
        understanding or restriction, written or oral, to which Tao is a party
        or by which it is bound or under the constating documents or directors’
        or shareholders’ resolutions of Tao; 

	4. 	CLOSING 
	 	 
	4.1 	 Time and Place of Closing 

The closing (the “Closing”) of this Agreement will take place at
  the offices of Tao at 2:00 p.m. (Thunder Bay time) on October 22, 2004.

	4.2	Closing Documents 

At Closing, the parties hereto will table the following documents: 

	 	 (a)      	 Documents of The Vendor: The Vendor will table for delivery to
      Tao title transfer documents relating to the Property in a form acceptable
      to Tao’s legal counsel. 
	 
	 	 (b)      	 Documents of Tao. Tao will table for delivery to the Vendor a
      certified check, or a check issued from an attorney’s trust account
      for $3,000 made payable to the Vendor or its agents. 

	5. 	TERMINATION 
	 	 
	5.1 	 Mutual Termination 
	 	 
	 This Agreement may, prior to Closing, be terminated
      by the parties hereto by mutual agreement in writing notwithstanding anything
      contained herein. 
	 	 
	6. 	 GENERAL PROVISIONS 
	 	 
	6.1 	 Time of Essence 

Time is and will be of the essence of each and every provision of this Agreement. 

 4

	6.2 	Finder’s Fees and Brokers’ Commission
      

	 	

	 	 Each of the parties hereto represents to the other
        that it has not incurred any liability for any finders’ fee or brokers’
        commission in connection with the execution of this Agreement or the consummation
        of the transactions contemplated herein. 

	 	

	6.3 	 Expenses 

	 	

	 	 Tao will be responsible for all fees and expenses
        in connection with the preparation, execution and delivery of this Agreement
        and the preparation and completion of all other agreements, documents,
        approvals and transactions contemplated by this Agreement. 

	 	

	6.4 	 Further Assurances 

	 	

	 	Each of the parties hereto will, whether before or
        after Closing and at the expense of Tao, execute and deliver all such
        further documents and instruments, give all such further assurances, and
        do all such acts and things as may reasonably be required to carry out
        the full intent and meaning of this Agreement. 

	 	

	6.5 	Entire Agreement 

	 	

	 	 This Agreement and the Schedule hereto contain the
        whole agreement among the parties hereto in respect of the subject matter
        hereof and supersedes and replaces all prior negotiations, communications
        and correspondence between the parties hereto. There are no warranties,
        representations, terms, conditions or collateral agreements, express or
        implied, statutory or otherwise, among the Vendor and Tao other than as
        expressly set forth in this Agreement and the Schedule hereto. 

	 	

	6.6 	 Enurement 

	 	

	 	 This Agreement will enure to the benefit of and
        be binding upon each of the parties hereto and their respective successors,
        liquidators and permitted assigns. 

	 	

	6.7 	Assignment 

	 	

	 	 No party hereto may assign any of its right, title
        or interest in, to or under this Agreement, nor will any such purported
        assignment be valid amongst the parties hereto, except with the prior
        written consent of all parties hereto, such consent not to be unreasonably
        withheld. 

	 	

	6.8 	Governing Law 

	 	

	 	 This Agreement will be construed and interpreted
        in accordance with the laws of the Province of Ontario, Canada and the
        laws of Canada applicable therein. The parties hereto irrevocably attorn
        to the jurisdiction of the arbitrators and courts of the Province of Ontario,
        Canada and the venue for any actions or arbitrations arising out of this
        Agreement will be Thunder Bay, Ontario Canada. 

 5

	6.9 	Notices 

 All notices, payments, and other required communications (“Notices”)
  to the parties hereto shall be in writing and shall be addressed respectively
  as follows:

	 	(a)	 If to Tao: 
	 	 	 
	 	 	 Tao Minerals Ltd. 

      80 S. Court St., 

      Thunder Bay, Ontario P7B 2X4 
	 	 	 
	 	(b)	If to the Vendor: 
	 	 	 
	 	 	 Multi Metal Mining Corp. 

      6075 South Eastern Ave., Suite 1, 

      Las Vegas Nevada, 89119-3146 

 All notices shall be given (i) by personal delivery to the
  party by leaving a copy at the place specified for notice with a receptionist
  or an apparently responsible individual, or (ii) by electronic facsimile communication.
  All notices will be effective and will be deemed delivered (i) if by personal
  delivery, on the date of delivery if delivered during normal business hours
  and, if not delivered during normal business hours, on the next business day
  following delivery, and (ii) if by electronic communication, on the next business
  day following receipt of the electronic communication. A party hereto may change
  its address for notice by notice to the other party. 

 6

	6.10 	Counterparts 

 This Agreement, and any certificates or other writing delivered
  in connection herewith, may be executed in any number of counterparts with the
  same effect as if all parties hereto had all signed the same documents, and
  all such counterparts will be construed together and will constitute one and
  the same instrument. The execution of this Agreement and any other writing by
  any party hereto or thereto will not become effective until counterparts hereof
  or thereof, as the case may be, have been executed by all the parties hereto
  or thereto, and executed copies delivered to each party who is a party hereto
  or thereto. Such delivery may be made by facsimile transmission of the execution
  page or pages, hereof or thereof, to each of the other parties by the party
  signing the particular counterpart, provided that forthwith after such facsimile
  transmission, an originally executed execution page or pages is forwarded by
  prepaid express courier to the other party by the party signing the particular
  counterpart. 

The parties hereto have executed and delivered this Agreement as of the date first written above. 

TAO MINERALS LTD. 

	
Per: 
		
_/s/ Don Axent________________ 
	
	 

		
Don Axent 
	
	 

		
President 
	

MULTI METAL MINING CORP. 

	
Per: 
		
_/s/ Larry Sostad_____________ 
	
	 

		
Larry Sostad 
	
	 

		
President 
	

 7

Schedule 1 

Description of Property 

	 Claim Name  	 Miniming District  	 Co-ordinates 
	  	 	 
	 Whale 1  	 Yellow Pine, Clark County, NV  	 35  Degree  48’ N Latitude  
	  	  	 115 Degree 31’ W Longitude  
	  	 	 
	 Whale 2  	 Yellow Pine, Clark County, NV  	 35  Degree  48’ N Latitude  
	  	  	 115 Degree 31’ W Longitude  

 8Filed by Automated Filing Services Inc. (604) 609-0244 - TAO MINERALS LTD. - Exhibit 10.2

 REPORT

 on the

 WHALE MINE PROPERTY

 Yellow Pine Mining District

  Clark County

  Nevada, U.S.A.

 Approximate Co-ordinates

  35° 48'N Latitude

  115° 31'W Longitude

 for

 TAO MINERALS LTD.

  Vancouver, British Columbia

 by

 W.G. TIMMINS, P.Eng.

 October 22, 2004

 TABLE OF CONTENTS

	  	 Page 	 
	  	 	 
	 SUMMARY	 1 	 
	 INTRODUCTION	 2 	 
	 PROPERTY	 2 	 
	 LOCATION AND ACCESS	 3	 
	 CLIMATE AND VEGETATION	 3	 
	 PHYSIOGRAPHY	 3	 
	 HISTORY	 4	 
	 REGIONAL GEOLOGY	 5	 
	 LOCAL GEOLOGY	 6	 
	 MINERALIZATION 	 6	 
	 WHALE MINE WORKINGS 	 7	 
	 GEOPHYSICAL RESULTS (1991) 	 7	 
	 CONCLUSIONS 	 8	 
	 RECOMMENDATIONS 	 8	 
	 ESTIMATED COSTS OF PROGRAM IN U.S. DOLLARS
      	 9	 
	 STATEMENT OF QUALIFICATIONS 	 10	 
	 REFERENCES 	 11	 

 

 SUMMARY

 Tao Minerals Ltd. has acquired by purchase agreement the Whale
  Mine property consisting of two unpatented lode mineral claims located in the
  Yellow Pine Mining District, Clark County, Nevada, U.S.A. 

 The region is known for its historic production of lead, zinc,
  silver and gold. 

 The claims are underlain by Paleozoic members of the Sultan
  and Monte Cristo Limestone Formations. 

 Recorded production from the Whale Mine from 1912 to 1943
  is 339,727 pounds of zinc, 40,642 pounds of lead, and 202 ounces of silver.

 Mineralization on the Tao Minerals property, which encompasses
  the Whale Mine underground workings, consists mainly of calamine occurring in
  a breccia zone. 

 An electromagnetic survey carried out in 1991 indicates potential
  for extensions or additional fracture or breccia zones containing zinc, lead,
  and silver mineralization. 

 A two-phase program of exploration consisting of geological
  mapping, electromagnetic re-surveying, trenching and rock sampling, followed
  by diamond drilling, is recommended at a total cost of $141,000.

	 	Respectfully submitted,
	 	 
	October 22, 2004 	 W.G. Timmins, P.Eng.  

 1.

 INTRODUCTION

 The author was retained by Tao Minerals Ltd. to review all
  available data on the Whale Mine property, provide an assessment and, if warranted,
  recommend a program of exploration. 

 The author has spent considerable time in the area over a
  period of years visiting numerous mineral properties including the Whale Mine
  property during the 1980's and as recently as August 2004. 

PROPERTY 

 The property consists of two unpatented mineral lode claims
  known as the Whale 1 and Whale 2 situated in the Yellow Pine Mining District,
  Clark County, Nevada, Section 1 and 6 of Township 25 south, Ranges 57 and 58
  east. The location notices are recorded at the office of the Clark County recorder
  in Las Vegas, Nevada in File 078, Book No. 20040922, Page 0034, Instr. 0005260.

 Any legal aspects pertaining to these claims is beyond the
  scope of this report. 

 2.

LOCATION AND ACCESS 

 Approximate Co-ordinates: 35° 48'N Latitude; 115°
  31'W Longitude. 

 The property is located 30 miles southwest of Las Vegas, Nevada
  and about six miles west of Goodsprings on the western slopes of the Spring
  Mountains. 

 Access to the area is provided by means of Interstate Highway
  15 from Las Vegas southwest to Jean. Goodsprings is accessible by paved road
  from Jean, a distance of seven miles to the northwest. 

 The property may then be reached by travelling west along
  a paved road for about six miles towards the village of Sandy, then a short
  dirt road to the main workings of the property. 

CLIMATE AND VEGETATION 

 The area is typically desert with relatively high temperatures,
  low precipitation, and vegetation consisting mainly of desert shrubs and cactus.
  Sources of water would be available from valley wells. 

PHYSIOGRAPHY 

The property lies in a region of moderate rolling hills with local incised narrow canyons. Elevations locally range from 3200 feet to 4300 feet A.S.L. 

 3.

HISTORY 

 The history of the area dates back to 1856 following investigation
  of lead ore by Mormon missionaries. The first ore was smelted in 1857 and a
  mill was built north of Goodsprings in 1898. 

 The completion of the San Pedro, Los Angeles and Salt Lake
  railroad in 1905 and recognition of oxidized zinc minerals in the ore in 1906
  stimulated development of the mines and the region has been subject to intermittent
  activity up to 1964, particularly during the World War I and II years. 

 The Yellow Pine District has been mined primarily for lead-zinc-silver,
  however, an estimated 91,000 ounces of gold has also been recovered. 

 The Whale Mine was first located in 1904 and relocated in
  1909. 

 Recorded production from 1912 to 1943 is 339,727 pounds of
  zinc, 40,642 pounds of lead, and 202 ounces of silver. 

 The area has been mainly dormant since 1964. 

 The ground covering the Whale Mine and surrounding area was
  explored by VLF-EM and geochemical surveys in 1981, however results were not
  available. 

 In 1991 the Whale Claim Group was explored by magnetometer,
  scintillometer and VLF-EM surveys. 

 4.

REGIONAL GEOLOGY 

  Paleozoic Stratigraphic Succession

  In the Vicinity of

  The Goodsprings District

	  	Thickness 	  
	  	 (feet) 	  
	. 	 	 
	 Permian:  	 	  
	              
           Red beds  	1,000 - 1,100 	  
	 	 	 
	 Mississippian to Permian:  	 	  
	              
           Bird Spring Formation  	2,500+	  
	  	 	 
	 Local erosional unconformity  	 	  
	  	 	 
	 Mississippian:  	 	  
	              
           Monte Cristo Limestone:  	 	  
	              
                           
           Yellowpine Limestone Member  	 60 - 120 	  
	              
                           
           Arrowhead Limestone Member  	 10 - 20 	  
	              
                           
           Bullion Dolomite Member  	 85 - 300 	  
	              
                           
           Anchor Limestone Member  	 65 - 400 	  
	              
                           
           Dawn Limestone Member  	 50 - 399 	  
	  	 	 
	 Devonian:  	 	  
	              
           Sultan Limestone:  	 	  
	              
                           
           Crystal Pass Limestone Member  	 150 - 260 	  
	              
                           
           Valentine Limestone Member  	 75 -  380 	  
	              
                           
           Ironside Dolomite Member  	 5 -  125 	  
	  	 	 
	 Cambrian to Devonian(?):  	 	  
	              
           Goodsprings Dolomite  	2,450+	  

  The Spring Mountain Range consists mainly of Paleozoic sediments which have
  undergone intense folding accompanied by faulting. The Yellow Pine District
  is underlain by a series of carboniferous sediments consisting of limestones,
  pure crystalline limestone, and dolomite with occasional intercalated beds of
  fine-grained sandstone. These strata have a general west to southwest dip of
  from 15 to 45 degrees occasionally disturbed by local folds. Igneous rocks are
  scarce and are represented chiefly by quartz-monzonite porphyry dikes and sills.

 5.

LOCAL GEOLOGY 

 The Whale Mine area is underlain by members of the Sultan
  Limestone to the top of Monte Cristo Limestone. 

 The formations trend N70° W and dip 35° to 45°
  to the southwest. 

 The old mine workings explore a breccia zone occurring in
  the dolomitized cherty Anchor Limestone and Crystal Pass Limestone, mainly in
  the Anchor Limestone. Principal faults trend to the northeast. 

MINERALIZATION 

 The principal ores of the district are the oxidized zinc-lead-silver
  ores. They contain smithsonite, cerussite and galena with small amounts of calamine,
  hydrozincite, anglesite, pyromorphite with variable silver contents.. 

 Mineralization in the Whale Mine main underground workings
  consists mainly of calamine replacing a dolomitized Anchor Limestone breccia
  near layers of chert. The eastern workings expose small veins that contain cuprodascioizite,
  minor galena, calamine and wulfenite. 

 Samples taken by L. Sookochoff, P.Eng. in 1989 from the Whale
  Mine main workings are listed below: 

 6.

 

	 Sample No	  	  	  	 Assay	 
	 / Width	 Location	 Type	 Description	 Zn (ppm)	 
	 	 	 	 	 	 
	 6092  / 5 '  	 45' from portal  	 Chip  	 Silicified dolomite  	 970  	 
	 	 	 	 	 	 
	 6093  	 Ore bin  	 Grab  	 Placer gravel  	 37,888  	 
	 	 	 	 	 	 
	 6094  / 25 '  	 Across zone  	 Chip  	 Silicified dolomite  	 90,999  	 
	      (15' true width)  	 	  	  	  	 
	 	 	 	 	 	 
	 6095  	 Ore bin  	 Grab  	 Light brown vesicular  	 99,999  	 
	  	  	  	 breccia  	 (15% Zn)  	 
	 	 	 	 	 	 
	 6096  	 Near ore bin  	 Grab  	 Dark brown limestone  	 72,588  	 
	  	  	  	 with malachite  	 (11.18% Zn)  	 
	 	 	 	 	 	 
	 6097  	 Portal dump  	 Randon  	 Dark brown limestone  	 3,421  	 
	  	  	 Composite  	 with malachite  	 (0.42% Zn)  	 
	 	 	 	 	 	 
	 6098  	 Portal dump  	 Grab  	 Dark brown limestone  	 16,825  	 
	  	  	  	 coarse breccia  	 (2.53% Zn)  	 

WHALE MINE WORKINGS
 The Whale Mine is comprised of an adit trending east-northeasterly
  for 350 feet with 100 foot crosscuts to the north and south. An upper shaft,
  125 feet east of the portal, angled at 67° , is 75 feet deep with drifts
  at the 50 foot level. It appears that the shaft connects with the portal level.
  Ore was mined from four stopes. 

GEOPHYSICAL RESULTS (1991) 

 Sookochoff, P.Eng. reported in 1994 that the magnetometer
  and scintillometer surveys on the claims surrounding the Whale Mine failed to
  detect anomalous areas indicating potential mineralized zones. 

 7.

 The VLF-EM (electromagnetic) survey, although not carried
  out over the main Whale Mine area, did however, detect an anomaly some 500 feet
  south of the underground workings which may be indicative of the breccia zone
  encountered at the Whale Mine. 

CONCLUSIONS 

 Mineralization consisting of lead-zinc-silver ore has been
  mined in the past at the Whale Mine now held by Tao Minerals Ltd. 

 The mineralization consists mainly of calamine occurring in
  fracture or breccia zones in dolomitized cherty Anchor Limestone and Crystal
  Pass Limestone. 

 Additional mineralized zones or extensions of known deposits
  occurring in fracture or breccia zones or as replacement deposits may be present
  on the Whale property as indicated by the VLF-EM survey in 1991. 

RECOMMENDATIONS 

 A two-phase exploration program consisting of geological surface
  and underground mapping as well as investigation of the known diggings on the
  claims, relocation of the VLF-EM anomalous zone and additional trenching and
  rock sampling, followed by diamond drilling is recommended. 

 8.

 ESTIMATED COSTS OF PROGRAM (U.S. FUNDS)

	 PHASE I 	  	  	 	 US DOLLARS  	 	 	  	 
	  	 	 	 	 	 	 	 	 
	 1 	 .  	 Geological Mapping  	 $ 	 10,000  	 	 	  	 
	 2 	 .  	 VLF-EM Survey  	 	 5,000  	 	 	  	 
	 3 	 .  	 Trenching and Sampling  	 	 10,000  	 	 	  	 
	 4 	 .  	 Mobilization and Demobilization  	 	 3,000  	 	 	  	 
	 5 	 .  	 Food and Lodging  	 	 2,000  	 	 	  	 
	 6 	 .  	 Reports, Maps, etc.  	 	 2,000  	 	 	  	 
	 7 	 .  	 Contingency  	 	    4,000  	 	 	  	 
	  	 	 	 	 	 	 	 	 
	 	  	                  
                           
         Total Cost - Phase I  	 	   	 	$	 36,000	 

	 PHASE II 	  	  	 	  		 	  	 
	  	 	 	 	 	 	 	 	 
	 1 	 .  	 Diamond Drilling  	 	  		 	  	 
	 	  	        Estimated: 2000 feet @ $35
      ft  	 $ 	 70,000  		 	  	 
	 2 	 .  	 Mobilization and demobilization  	 	 10,000  		 	  	 
	 3 	 .  	 Reports, Assays, etc.  	 	 10,000  		 	  	 
	 4 	 .  	 Contingency  	 	    15,000  		 	  	 
	  	 	 	 	 	 	 	 	 
	 	  	                  
                           
         Total Cost - Phase II  	 	  		 	 105,000	 
	  	 	 	 	 	 	 	 	 
	 	  	                  
                           
         TOTAL COST - PHASE I AND PHASE II  	 	 	 	 $ 	 141,000	 

Further work would be dependent upon results of the above recommended program
of work.

	 	Respectfully submitted, 
	 	 
	October 22, 2004 	W.G. Timmins, P.Eng. 

 9

 STATEMENT OF QUALIFICATIONS

 I, William G. Timmins, of the City of Vancouver, in the Province of British
  Columbia, do hereby certify that:

	1.	I am a consulting geologist, with offices
        at 1016 - 470 Granville Street, Vancouver, B.C. V6C 1V5. 

	 	

	2.	 I have been practising my profession for the past
        36 years since university, having been engaged in the evaluation, exploration
        and development of mineral properties throughout Canada, the United States,
        Latin and South America, Australia and New Zealand. 

	 	

	3.	 I am a graduate of the Provincial Institute of Mining,
        Haileybury, Ontario (1956) and attended Michigan Technological University
        1962-1965, Geology and was licensed by the Professional Engineers Association
        of B.C. (geological discipline) in 1969. 

	 	

	4.	 This report titled "Geological Report on the Whale
        Mine Property for Tao Minerals Ltd." is based on published and private
        reports, maps and data provided by Tao Minerals Ltd. and in the public
        domain, and personal visits to the Whale Mine from 1982 to 2004. The author
        has reviewed relevant data prepared by reputable qualified persons and
        is responsible for his own geological analysis, conclusions and recommended
        exploration program. 

	 	

	5.	 I have no interest, nor do I expect to receive any
        interest in the properties or securities of Tao Minerals Ltd.and am independent
        of the issuer. 

	 	

	6.	 I consent to the filing of this report with any
        stock exchange and other regulatory authority, and any publication by
        them, including electronic publication in the company's files or their
        websites accessible by the public. 

	
October 22, 2004 
		
W.G. Timmins, P.Eng. 
	

 10.

 REFERENCES

	 Hewett, D.F.  	 Geology and Ore Deposits of the Goodsprings Quadrangle,
      Nevada,  
	  	 Paper 162, U.S. Department of the Interior, Geological
      Survey.  
	  	 
	 	 Nevada Bureau of Mines and Geology, Bulletin 62,
      Geology and Mineral Deposits of Clark  
	  	 County, Nevada, 1965  
	  	 
	 Timmins, W.G.  	 Geological Report on the Whale Mine for Celebrity
      Mining, November,  
	  	 1982.  

 11.

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