Document:

EXHIBIT 4.1

                             RIGHTS OF SHAREHOLDERS

Annual Meeting. The annual meeting of the shareholders of the corporation for
the election of officers and for such other business as may properly come before
the meeting shall be held at such time and place as designated by the Board of
Directors.

Special Meeting. Special meetings of the shareholders shall be held when
directed by the President or when requested in writing by shareholders holding
at least 10% of the Corporation's stock having the right and entitled to vote at
such meeting. A meeting requested by shareholders shall be called by the
President for a date not less than 10 nor more than 60 days after the request is
made. Only business within the purposes described in the meeting notice may be
conducted at a special shareholders I meeting.

Place. Meetings of the shareholders will be held at the principal place of
business of the Corporation or at such other place as is designated by the Board
of Directors.

Notice. A written notice of each meeting of shareholders shall be mailed to each
shareholder having the right and entitled to vote at the meeting at the address
as it appears on the records of the Corporation. The meeting notice shall be
mailed not less than 10 nor more than 60 days before the date set for the
meeting. The record date for determining shareholders entitled to vote at the
meeting will be the close of business on the day before the notice is sent. The
notice shall state the time and place the meeting is to be held. A notice of a
special meeting shall also state the purposes of the meeting. A notice of
meeting shall be sufficient for that meeting and any adjournment of it. If a
shareholder transfers any shares after the notice is sent, it shall not be
necessary to notify the transferee. All shareholders may waive notice of a
meeting at any time.

Shareholder Quorum. A majority of the shares entitled to vote, represented in
person or by proxy, shall constitute a quorum at a meeting of shareholders. Any
number of shareholders, even if less than a quorum, may adjourn the meeting
without further notice until a quorum is obtained.

Shareholder Voting. If a quorum is present, the affirmative vote of a majority
of the shares represented at the meeting and entitled to vote on the subject
matter shall be the act of the shareholders. Each outstanding share shall be
entitled to one vote on each matter submitted to a vote at a meeting of
shareholders. An alphabetical list of all shareholders who are entitled to
notice of a shareholders' meeting along with their addresses and the number of
shares held by each shall be produced at a shareholders' meeting upon the
request of any shareholder.

                                       7
<PAGE>

Proxies. A shareholder entitled to vote at any meeting of shareholders or any
adjournment thereof may vote in person or by proxy executed in writing and
signed by the shareholder or his attorney-in-fact. The appointment of proxy will
be effective when received by the Corporation's officer or agent authorized to
tabulate votes. No proxy shall be valid more than 11 months after the date of
its execution unless a longer term is expressly stated in the proxy.

Validation. If shareholders who hold a majority of the voting stock entitled to
vote at a meeting are present at the meeting, and sign a written consent to the
meeting on the record, the acts of the meeting shall be valid, even if the
meeting was not legally called and noticed.

Conduct of Business By Written Consent. Any action of the shareholders may be
taken without a meeting if written consents, setting forth the action taken, are
signed by at least a majority of shares entitled to vote and are delivered to
the officer or agent of the Corporation having custody of the Corporation's
records within 60 days after the date that the earliest written consent was
delivered. Within 10 days after obtaining an authorization of an action by
written consent, notice shall be given to those shareholders who have not
consented in writing or who are not entitled to vote on the action. The notice
shall fairly summarize the material features of the authorized action. If the
action creates dissenters' rights, the notice shall contain a clear statement of
the right of dissenting shareholders to be paid the fair value of their shares
upon compliance with and as provided for by the state law governing
corporations.

Shareholders' Inspection Rights. A shareholder is entitled to inspect and copy,
during regular business hours at a reasonable location specified by the
Corporation, any books and records of the Corporation. The shareholder must give
the Corporation written notice of this demand at least five business days before
the date on which he wishes to inspect and copy the record(s). The demand must
be made in good faith and for a proper purpose. The shareholder must describe
with reasonable particularity the purpose and the records he desires to inspect,
and the records must be directly connected with this purpose. This Section does
not affect the right of a shareholder to inspect and copy the shareholders' list
described in this Article if the shareholder is in litigation with the
Corporation. In such a case, the shareholder shall have the same rights as any
other litigant to compel the production of corporate records for examination.

                                       8
<PAGE>

         The Corporation may deny any demand for inspection if the demand was
made for an improper purpose, or if the demanding shareholder has within the two
years preceding his demand, sold or offered for sale any list of shareholders of
the Corporation or of any other corporation, had aided or abetted any person in
procuring any list of shareholders for that purpose, or has improperly used any
information secured through any prior examination of the records of this
Corporation or any other corporation.

Financial Statements for Shareholders. Unless modified by resolution of the
shareholders within 120 days after the close of each fiscal year, the
Corporation shall furnish its shareholders with annual financial statements
which may be consolidated or combined statements of the Corporation and one or
more of its subsidiaries, as appropriate, that include a balance sheet as of the
end of the fiscal year, an income statement for that year, and a statement of
cash flows for that year. If financial statements are prepared for the
Corporation on the basis of generally accepted accounting principles, the annual
financial statements must also be prepared on that basis.

         If the annual financial statements are reported upon by a public
accountant, his report must accompany them. If not, the statements must be
accompanied by a statement of the President or the person responsible for the
Corporation's accounting records stating his reasonable belief whether the
statements were prepared on the basis of generally accepted accounting
principles and, if not, describing the basis of preparation and describing any
respects in which the statements were not prepared on a basis of accounting
consistent with the statements prepared for the preceding year. The Corporation
shall mail the annual financial statements to each shareholder within 120 days
after the close of each fiscal year or within such additional time thereafter as
is reasonably necessary to enable the Corporation to prepare its financial
statements. Thereafter, on written request from a shareholder who was not mailed
the statements, the Corporation shall mail him the latest annual financial
statements.

Other Reports to Shareholders. If the Corporation indemnifies or advances
expenses to any director, officer, employee or agent otherwise than by court
order or action by the shareholders or by an insurance carrier pursuant to
insurance maintained by the Corporation, the Corporation shall report the
indemnification or advance in writing to the shareholders with or before the
notice of the next annual shareholders' meeting, or prior to the meeting if the
indemnification or advance occurs after the giving of the notice but prior to
the time the annual meeting is held. This report shall include a statement
specifying the persons paid, the amounts paid, and the nature and status at the
time of such payment of the litigation or threatened litigation.

         If the Corporation issues or authorizes the issuance of shares for
promises to render services in the future, the Corporation shall report in
writing to the shareholders the number of shares authorized or issued, and the
consideration received by the corporation, with or before the notice of the next
shareholders I meeting.EXHIBIT 10.1

                            SHARE PURCHASE AGREEMENT

                AGREEMENT made as of the 1st day of November 2003

AMONG:

      YUKON GOLD CORPORATION, INC., a corporation incorporated under the laws of
      the State of Delaware (the "CORPORATION").

                                      -and-

      THE FOUNDING SHAREHOLDERS as described herein and listed on Schedule "A"

                                      -and-

      YUKON GOLD CORP. ("YUKON") an Ontario corporation

                                      -and-

      MEDALLION CAPITAL CORP. ("MEDALLION"), a corporation incorporated under
      the laws of the Province of Ontario.

      WHEREAS the Corporation wishes to acquire from the Founding Shareholder
all of the common shares of Yukon held by the Founding Shareholder;

      AND WHEREAS the Founding Shareholders wish to sell their shares of Yukon
to the Corporation.

      AND WHEREAS Medallion shall act as the agent for the Parties to complete
the Share Purchase.

      NOW THEREFORE THIS AGREEMENT WITNESSETH THAT in consideration of the
mutual covenants and agreements herein contained and for other good and valuable
consideration (the receipt and sufficiency of which is hereby acknowledged), the
parties hereto agree with each other as follows:

<PAGE>

                                    ARTICLE I

                                   DEFINITIONS

1.1 In this Agreement, unless there is something in the context or subject
matter inconsistent therewith;

      (a)   "CLOSING" means the completion of the transactions contemplated by
            this Agreement which shall take place on the Closing Date at the
            offices of Medallion at Suite 408, 347 Bay St. Toronto, ON

      (b)   "CLOSING DATE" means November 15, 2003, unless otherwise agreed by
            the parties;

      (c)   "PERSON" means any individual, Corporation, partnership,
            unincorporated syndicate, unincorporated organization, trust,
            trustee, executor, administrator or other legal representative;

      (D)   "PARTY" or "PARTIES" means the parties to this agreement.

      (e)   "PURCHASED SHARES" or "PURCHASED SHARE" means the 3,000,000 common
            shares of Yukon held by the Founding Shareholders;

1.2 HEADINGS. Article and Section headings contained in this Agreement are
included solely for convenience, are not intended to be full or accurate
descriptions of the content thereof and shall not be considered part of this
Agreement or affect the construction or interpretation of any provision hereof.

                                   ARTICLE II

                           PURCHASE AND SALE OF SHARES

2.1 The Founding Shareholders agrees to sell, and the Corporation agrees to
purchase, the Purchased Shares on Closing for a consideration of $100,000.00
(Canadian) (the "Purchase Money") in the aggregate, which shall be satisfied by
delivery of $0.0333 per Purchased Share for each common share delivered by each
of the Founding Shareholders, that number of Purchased Shares being set out
opposite the Founding Shareholders name in Schedule A hereto.

                                   ARTICLE III

                         REPRESENTATIONS AND WARRANTIES

3.1 REPRESENTATIONS AND WARRANTIES OF THE CORPORATION. The Corporation
represents and warrants to the other Parties as follows, and acknowledges that
the other Parties are relying upon such representations and warranties in
connection with the transactions contemplated in this Agreement:

      (A)   STATUS AND CAPACITY. The Corporation is a corporation incorporated
            and subsisting under the laws of the State of Delaware and has all
            requisite corporate power to own its properties and conduct its
            business as presently being conducted by it.

                                      -2-
<PAGE>

      (B)   DUE AUTHORIZATION. The Corporation has full legal capacity and
            corporate power to enter into this Agreement and to take, perform or
            execute all proceedings, acts and instruments necessary or advisable
            to consummate the actions and transactions contemplated in this
            Agreement; all necessary corporate action has been taken or will be
            taken by, or on the part of the Corporation to authorize the
            execution of such proceedings, acts and instruments as are necessary
            or advisable for consummating the actions and transactions
            contemplated in this Agreement and for fulfilling its obligations
            hereunder.

      (C)   ENFORCEABILITY. This Agreement has been duly executed and delivered
            on behalf of the Corporation and constitutes a legal, valid and
            binding obligation of it, enforceable against it in accordance with
            its respective terms, except as such terms may be limited by
            bankruptcy, insolvency, reorganization or other laws relating to the
            enforcement of creditors' rights generally.

      (D)   ABSENCE OF CONFLICT. Neither the execution, nor delivery of this
            Agreement, nor the consummation of the transactions contemplated
            hereby, nor compliance with and fulfillment of the terms and
            provisions of this Agreement will:

            (i)   conflict with or result in a breach of the terms, conditions
                  or provisions of, or constitute a default under: (1) the
                  constating documents or by-laws of the Corporation; or (2) any
                  instrument, agreement, mortgage, judgment, order, award,
                  decree or other instrument or restriction to which the
                  Corporation is a party or by which it is bound; or

            (ii)  require any affirmative approval, consent, authorization or
                  other order or action by any court, governmental authority or
                  regulatory body or by any creditor of the Corporation or any
                  party to any agreement to which the Corporation is a party or
                  by which it is bound.

3.2 REPRESENTATIONS AND WARRANTIES OF THE FOUNDING SHAREHOLDERS. The Founding
Shareholders represent and warrant to the other Parties as follows, and
acknowledges that the other Parties are relying upon such representations and
warranties in connection with the transactions contemplated in this Agreement:

      (A)   DUE AUTHORIZATION. Each of the Founding Shareholders has the full
            legal capacity to enter into this Agreement and to take, perform or
            execute all proceedings, acts and instruments necessary or advisable
            to consummate the other actions and transactions contemplated in
            this Agreement and to fulfill their respective obligations under
            this Agreement; all necessary action has been taken by or on the
            part of the Founding Shareholder to authorize the execution and
            delivery of this Agreement, and the taking, performing or executing
            of such proceedings, acts and instruments as are necessary or
            advisable for consummating the other actions and transactions
            contemplated in this Agreement and fulfilling their respective
            obligations under this Agreement.

                                      -3-
<PAGE>

      (B)   ENFORCEABILITY. This Agreement has been duly executed and delivered
            by each of the Founding Shareholders and this Agreement constitutes
            a legal, valid and binding obligation enforceable in accordance with
            its terms, except as such terms may be limited by bankruptcy,
            insolvency, reorganization or other laws relating to the enforcement
            of creditors' rights generally.

      (C)   ABSENCE OF CONFLICT. Neither the execution, nor delivery of this
            Agreement, nor the consummation of the transactions contemplated
            hereby, nor compliance with and fulfillment of the terms and
            provisions of this Agreement will:

            (i)   conflict with or result in a breach of the terms, conditions
                  or provisions of, or constitute a default under: any
                  instrument, agreement, mortgage, judgment, order, award,
                  decree or other instrument or restriction to which the
                  Founding Shareholder is a party or by which the Founding
                  Shareholder is a party or by which it is bound; or

            (ii)  except as otherwise described herein, require any affirmative
                  approval, consent, authorization or other order or action by
                  any court, governmental authority or regulatory body or by any
                  creditor of the Founding Shareholder or any party to any
                  agreement to which the Founding Shareholder is a party or by
                  which the Founding Shareholder is bound.

      (D)   WARRANTY OF TITLE. Each of the Founding Shareholder has all right,
            title and interest to the Purchased Shares to be transferred by it
            to the Corporation in accordance with Section 2.1 hereof, free and
            clear of all charges, security interests, adverse claims, pledges,
            encumbrances and demands whatsoever except as set out herein.

      (E)   OPTIONS, ETC. No person, firm or corporation has any agreement or
            option or any right or privilege (whether by law, pre-emptive or
            contractual) capable of becoming an agreement or option, or
            obligations of any nature, for the purchase of any of the Purchased
            Shares.

      (F)   AUTHORIZED AND ISSUED CAPITAL. All of the Purchased Shares have been
            fully paid for by the Founding Shareholder and are outstanding as
            fully paid and non-assessable shares of Yukon.

3.3   REPRESENTATIONS AND WARRANTIES OF YUKON

      (A)   STATUS AND CAPACITY. The Corporation is a corporation incorporated
            and subsisting under the laws of the Province of Ontario and has all
            requisite corporate power to own its properties and conduct its
            business as presently being conducted by it.

      (B)   DUE AUTHORIZATION. Yukon has the full legal capacity to enter into
            this Agreement and to take, perform or execute all proceedings, acts
            and instruments necessary or advisable to consummate the other
            actions and transactions contemplated in this Agreement and to
            fulfill their respective obligations under this Agreement; all
            necessary action has been taken by or on the part of Yukon to
            authorize the execution and delivery of this Agreement, and the
            taking, performing or executing of such proceedings, acts and
            instruments as are necessary or advisable for consummating the other
            actions and transactions contemplated in this Agreement and
            fulfilling their respective obligations under this Agreement.

                                      -4-
<PAGE>

      (C)   ENFORCEABILITY. This Agreement has been duly executed and delivered
            by Yukon and this Agreement constitutes a legal, valid and binding
            obligation enforceable in accordance with its terms, except as such
            terms may be limited by bankruptcy, insolvency, reorganization or
            other laws relating to the enforcement of creditors' rights
            generally.

      (D)   ABSENCE OF CONFLICT. Neither the execution, nor delivery of this
            Agreement, nor the consummation of the transactions contemplated
            hereby, nor compliance with and fulfillment of the terms and
            provisions of this Agreement will:

            (i)   conflict with or result in a breach of the terms, conditions
                  or provisions of, or constitute a default under: any
                  instrument, agreement, mortgage, judgment, order, award,
                  decree or other instrument or restriction to which Yukon is a
                  party or by which Yukon is a party or by which it is bound; or

            (ii)  except as otherwise described herein, require any affirmative
                  approval, consent, authorization or other order or action by
                  any court, governmental authority or regulatory body or by any
                  creditor of Yukon or any party to any agreement to which Yukon
                  is a party or by which Yukon is bound.

      (E)   WARRANTY OF TITLE. Each of the Founding Shareholder has all right,
            title and interest to the Purchased Shares to be transferred by it
            to the Corporation in accordance with Section 2.1 hereof, free and
            clear of all charges, security interests, adverse claims, pledges,
            encumbrances and demands whatsoever.

      (F)   AUTHORIZED AND ISSUED CAPITAL. All of the Purchased Shares have been
            validly allotted and issued to the Founding Shareholder and are
            outstanding as fully paid and non-assessable shares of Yukon.

      (G)   SHARE REGISTRY All of the Founding Shareholders share have been
            recorded in book entry form only and no certificates have been
            delivered to the Founding Shareholders. Yukon shall deliver a share
            certificate on closing representing the total Purchased Shares.

3.4   REPRESENTATIONS AND WARRANTIES OF MEDALLION

      (A)   STATUS AND CAPACITY. Medallion is a corporation incorporated and
            subsisting under the laws of the Province of Ontario and has all
            requisite corporate power to own its properties and conduct its
            business as presently being conducted by it.

                                      -5-
<PAGE>

      (B)   DUE AUTHORIZATION. Medallion has full legal capacity and corporate
            power to enter into this Agreement and to take, perform or execute
            all proceedings, acts and instruments necessary or advisable to
            consummate the actions and transactions contemplated in this
            Agreement; all necessary corporate action has been taken or will be
            taken by, or on the part of Medallion to authorize the execution of
            such proceedings, acts and instruments as are necessary or advisable
            for consummating the actions and transactions contemplated in this
            Agreement and for fulfilling its obligations hereunder.

      (C)   ENFORCEABILITY. This Agreement has been duly executed and delivered
            on behalf of Medallion and constitutes a legal, valid and binding
            obligation of it, enforceable against it in accordance with its
            respective terms, except as such terms may be limited by bankruptcy,
            insolvency, reorganization or other laws relating to the enforcement
            of creditors' rights generally.

      (D)   ABSENCE OF CONFLICT. Neither the execution, nor delivery of this
            Agreement, nor the consummation of the transactions contemplated
            hereby, nor compliance with and fulfillment of the terms and
            provisions of this Agreement will:

            (i)   conflict with or result in a breach of the terms, conditions
                  or provisions of, or constitute a default under: (1) the
                  constating documents or by-laws of the Medallion; or (2) any
                  instrument, agreement, mortgage, judgment, order, award,
                  decree or other instrument or restriction to which Medallion
                  is a party or by which it is bound; or

            (ii)  require any affirmative approval, consent, authorization or
                  other order or action by any court, governmental authority or
                  regulatory body or by any creditor of Medallion or any party
                  to any agreement to which Medallion is a party or by which it
                  is bound.

3.5 SURVIVAL OF REPRESENTATIONS AND WARRANTIES. The covenants, representations
and warranties of the Parties contained in this Agreement and in any document or
certificate given pursuant hereto shall survive the Closing, provided that such
representations and warranties shall only survive for a period of twelve (12)
months from the Closing. After which time, if prior to the expiry of the
applicable warranty period, no claim shall have been made hereunder by a party
with respect to any in correctness in or breach of any such representation or
warranty made herein by the other party, then such other party or parties, as
applicable, shall have no further liability hereunder with respect to such
representation or warranty.

                                      -6-
<PAGE>

                                   ARTICLE 1V

                                     CLOSING

4.1   AT CLOSING,

      (a)   The Corporation shall on or before Closing deliver, or cause to be
            delivered, to Medallion the Purchase Money:

      (b)   Medallion shall on the Closing deliver

            (i)   to each of the Founding Shareholders that portion of the
                  Purchase Money as set out opposite their name on Schedule A
                  and payable to the Founding Shareholder or as they may direct

      (c)   Yukon shall deliver to the Corporation:

            (i)   a duly issued, fully paid and non assessable share certificate
                  representing the Purchased Shares;

            (ii)  certified copies of extracts from directors' resolutions, and
                  written evidence of such other approvals or consents as are
                  required under the constating documents of Yukon to validly
                  conclude the transactions contemplated hereunder; and

            (iii) such other certificates, agreements or other documents as may
                  reasonably be required by the Corporation to give full effect
                  to this Agreement.

      (d)   The Founding Shareholders shall each deliver on the Closing:

            (i)   the direction attached hereto as Schedule B fully executed
                  directing Yukon to deliver their Purchase Shares to the
                  Corporation, and

            (ii)  such other certificates, agreements or other documents as may
                  reasonably be required by Yukon or the Corporation to give
                  full effect to this Agreement.

                                    ARTICLE V

                                     GENERAL

5.1 EXPENSES. All costs and expenses (including, without limitation, the fees
and disbursements of legal counsel) incurred in connection with this Agreement
and the transactions or contemplated hereby shall be paid by the Party incurring
such expenses.

5.2 TIME OF THE ESSENCE. Time shall be of the essence hereof.

5.3 FURTHER ASSURANCES. The Parties hereto shall with reasonable diligence do
all such things and provided all such reasonable assurances as may be required
to consummate the transactions contemplated hereby, and each Party shall execute
and deliver such other documents, instruments, papers and information as may be
reasonably requested by the other Party hereto in order to carry out the purpose
and intent of this Agreement.

                                      -7-
<PAGE>

5.4 LAW AND JURISDICTION. This Agreement shall be governed by and construed in
accordance with the laws of the Province of Ontario and the laws of Canada
applicable therein. The Parties hereby attorn to the non-exclusive jurisdiction
of the Courts of Ontario in any dispute that may arise hereunder.

5.5 ENTIRE AGREEMENT. This Agreement, together with the agreements and other
documents to be delivered pursuant hereto, constitute the entire agreement
between the Parties pertaining to the subject matter hereof and supercede all
prior agreements, understandings, negotiations and discussions, whether oral or
written, of the Parties and there are no warranties, representations or other
agreements between the Parties in connection with the subject matter hereof
except as specifically set forth herein and therein. This Agreement may not be
amended or modified in any respect except by written instrument signed by the
Parties.

5.6 SEVERABILITY. The invalidity or unenforceability of any provision of this
Agreement or any covenant herein contained shall not affect the validity or
enforceability of any other provision or covenant hereof of herein contained,
and this Agreement shall be construed as if such, invalid or unenforceable
provision or covenant were omitted.

5.7 WAIVERS. The Parties hereto may, by written agreement: (i) extend the time
for the performance of any of the obligations or other acts of the Parties
hereto; (ii) waive any inaccuracies in the warranties, representations,
covenants or other undertakings contained in this Agreement or in any document
or certificate delivered pursuant to this Agreement; or (iii) waive compliance
with or modify any of the warranties, representations, covenants or other
undertakings or obligations contained in this Agreement and waive or modify
performance by any of the Parties thereto.

5.8 COUNTERPARTS. This Agreement may be executed in multiple counterparts, each
of which shall be deemed an original, and all of which together shall constitute
one and the same instrument. Execution and delivery of this Agreement by
exchange of facsimile copies bearing facsimile signature of a Party shall
constitute a valid and binding execution and delivery of this Agreement by such
Party. Such facsimile copies shall constitute enforceable original documents.

5.9 ENUREMENT. This Agreement shall be binding upon and shall inure to the
benefit of and be enforceable by the successors and assigns of the Parties
hereto.

                                      -8-
<PAGE>

      IN WITNESS WHEREOF the parties hereto have executed this Agreement as of
the date first set out above.

FOUNDING SHAREHOLDERS

         /s/ Peter Slack                         YUKON GOLD CORPORATION, INC.
------------------------------------
         Peter Slack                             Per:      /s/ J. Paul Hines
                                                     Authorized Signing Officer

         /s/ John Slack
------------------------------------             YUKON GOLD CORP.
         John Slack
                                                 Per:      /s/ Stafford Kelley
                                                     Authorized Signing Officer
         /s/ Kathleen Young
------------------------------------
         Kathleen Young                          MEDALLION CAPITAL CORP.

                                                 PER:      /s/ Stafford Kelley
         /s/ Carol Slack                             Authorized Signing Officer
------------------------------------
         Carol Slack

         /s/ Wendy Slack
------------------------------------
         Wendy Slack

         /s/ J. Malcolm Slack
------------------------------------
         J. Malcolm Slack

         /s/ Richard Ewing
------------------------------------
         Richard Ewing

         /s/ Robert Wagner
------------------------------------
         Robert Wagner

         /s/ James B. Smith
------------------------------------
         James B. Smith

         /s/ Stafford K. Kelley
------------------------------------
         Stafford K. Kelley

         /s/ Warren Holmes
------------------------------------
         Warren Holmes

                                      -9-

<PAGE>

                                  SCHEDULE "A"

<TABLE>
<CAPTION>

         Name                                        No. of Shares      Sale Price
<S>                                                  <C>                <C>
Mr. Peter Slack
5954 Winston Churchill Blvd
Alton, ON  L0N 1A0                                     150,000           $ 5,000

Mr. John Slack
Box 100
Hillsborough, ON  N0B 1Z0                              150,000           $ 5,000

Ms. Kathleen Young
RR#1, 5918 10th Line
Erin, ON  N0B 1T0                                      150,000           $ 5,000

Ms. Carol Slack
5920 Winston Churchill Blvd. RR#1
Erin, ON  N0B 1T0                                      150,000           $ 5,000

Ms. Wendy Slack
#510 4550 47 Street S.W
Calgary, AB  T3E 6W5                                   150,000           $ 5,000

Mr. J. Malcolm Slack
5920 Winston Churchill Blvd. RR#1
Erin, ON  N0B 1T0                                      120,000           $ 4,000

Mr. Richard Ewing
Box 111
Mayo, YT  M0B 1M0                                      382,500           $12,750

Mr. Robert Wagner
Site 1, Box 7
Keno City, YT  Y0B 1J0                                 127,500           $ 4,250

Mr. James B. Smith
2726 Mara Drive
Coquitlam, BC  V3C 5R9                                 120,000           $ 4,000

Mr. Stafford K. Kelley
146 Trelawn Avenue
Oakville, ON  L6J 4R2                                  750,000           $25,000

Mr. Warren Holmes
C/o Nuinsco Resources
110-940 The East Mall
Toronto, ON  M9B 6J7                                   750,000           $25,000
</TABLE>

                                      -10-
<PAGE>

                                  SCHEDULE "B"

                                    DIRECTION

      Made this 1st day of November 2003

To Yukon Gold Corp.:

      The undersigned has agreed to sell his/her common shares (the "Shares") of
Yukon Gold Corp. to Yukon Gold Corporation, Inc. in accordance with the terms of
the Share Purchase Agreement dated November 1, 2003.

      The undersigned hereby surrenders his/her Shares for cancellation as of
the Closing Date of the Share Purchase Agreement and irrevocably directs you to
deliver an equal number of common shares to Yukon Gold Corporation, Inc. on the
Closing Date.

----------------------------------------------
                Signature

----------------------------------------------
                Print Name

                                      -11-

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