Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - Silica Resources Corporation - Exhibit 10.1

Exhibit 10.1

	
       ___________

       

       

	 
	 
	SEED CAPITAL UNIT PRIVATE
      PLACEMENT 
	SUBSCRIPTION
      AGREEMENT 
	  
	  
	 
	
      Between: 

       

	
      SILICA RESOURCES CORPORATION 

       

	
      And: 

       

	
       

      ______________________________________
{NAME OF
      SUBSCRIBER} 

       

	  
	Silica Resources Corporation
  
	Suite 37B3, 1410 Parkway Boulevard,
      Coquitlam, British Columbia, Canada, V3E 3K9 
	 ___________
	 

-- Seed Capital Unit Private Placement Subscription Agreement
--
-- Silica Resources Corporation --

SEED CAPITAL UNIT PRIVATE
PLACEMENT
 SUBSCRIPTION AGREEMENT

THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE
UNITED STATES SECURITIES ACT OF
1933, AS AMENDED, OR THE LAWS OF ANY
STATE, AND ARE BEING ISSUED PURSUANT TO AN EXEMPTION FROM
REGISTRATION PERTAINING TO SUCH SECURITIES AND PURSUANT TO
A REPRESENTATION BY THE SECURITY HOLDER NAMED HEREON
THAT SAID SECURITIES HAVE BEEN ACQUIRED FOR PURPOSES
OF INVESTMENT AND NOT FOR PURPOSES OF DISTRIBUTION.
THESE SECURITIES MAY NOT BE OFFERED, SOLD, TRANSFERRED,
PLEDGED OR HYPOTHECATED IN THE ABSENCE OF REGISTRATION, OR
THE AVAILABILITY OF AN EXEMPTION FROM SUCH REGISTRATION.
FURTHERMORE, NO OFFER, SALE, TRANSFER, PLEDGE OR
HYPOTHECATION IS TO TAKE PLACE WITHOUT THE PRIOR WRITTEN
APPROVAL OF COUNSEL TO THE COMPANY. THE STOCK TRANSFER
AGENT HAS BEEN ORDERED TO EFFECTUATE TRANSFERS ONLY IN
ACCORDANCE WITH THE ABOVE INSTRUCTIONS.

(OR)

THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE
UNITED STATES SECURITIES ACT
OF 1933, AS AMENDED (THE
“ACT”), OR THE LAWS OF
ANY STATE, AND ARE BEING ISSUED IN RELIANCE UPON REGULATION
S PROMULGATED UNDER THE ACT. THESE SECURITIES MAY NOT BE
OFFERED, SOLD, TRANSFERRED, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF
REGISTRATION, THE AVAILABILITY OF AN EXEMPTION FROM SUCH REGISTRATION
OR COMPLIANCE WITH REGULATION S. FURTHERMORE, NO OFFER,
SALE, TRANSFER, PLEDGE OR HYPOTHECATION IS TO TAKE PLACE
WITHOUT THE PRIOR WRITTEN APPROVAL OF COUNSEL TO THE
COMPANY. THE STOCK TRANSFER AGENT HAS BEEN ORDERED TO
EFFECTUATE TRANSFERS ONLY IN ACCORDANCE WITH THE ABOVE
INSTRUCTIONS.

(AND, IF APPLICABLE)

UNLESS PERMITTED UNDER APPLICABLE SECURITIES
LEGISLATION, THE HOLDER OF THE SECURITIES REPRESENTED
HEREBY SHALL NOT TRADE THE SECURITIES BEFORE THE EARLIER OF
(I) THE DATE THAT IS FOUR MONTHS AND A DAY AFTER THE DATE
THE COMPANY FIRST BECAME A REPORTING ISSUER IN ANY OF
ALBERTA, BRITISH COLUMBIA, MANITOBA, NOVA SCOTIA, ONTARIO,
QUEBEC AND SASKATCHEWAN, IF THE COMPANY IS A SEDAR FILER,
AND (II) THE DATE THAT IS FOUR MONTHS AND A DAY AFTER THE
LATER OF (A) THE DISTRIBUTION DATE, AND (B) THE DATE THE
COMPANY BECAME A REPORTING ISSUER IN THE LOCAL JURISDICTION
OF THE SUBSCRIBER OF THE SECURITIES THAT ARE THE SUBJECT OF
THE TRADE.

UNIT PRIVATE PLACEMENT OFFERING

	To: 	SILICA RESOURCES CORPORATION (the
      “Company”), 
	  	with an address for notice and delivery located
      at Suite 37B3, 1410 

- 2 -

Parkway Boulevard, Coquitlam, British
Columbia, Canada, V3E 3K9.

                         The
Company is offering (collectively, the “Offering”), on a private
placement basis, units of the Company (each a “Unit”) to eligible
investors (each such an investor who subscribes to this Offering by this
document is hereinafter referred to as the “Subscriber”) at a
subscription price of U.S. $0.05 per Unit, with each Unit consisting of
one common share in the capital of the Company (each a “Share”) and one
non-transferable share purchase warrant in the capital of the Company (each a
“Warrant”). The within private placement Offering of Units by the Company
is not subject to any minimum subscription. The Company offers, and the
Subscriber accepts, the Units on the terms and conditions as set forth in this
subscription agreement (the “Agreement”).

Article 1
SUBSCRIPTION FOR
UNITS

1.1                     Subscription
for Units. Based upon the hereinafter terms, conditions,
representations, warranties and covenants given by each party to the other, the
Subscriber hereto hereby irrevocably subscribes for and agrees to purchase
_______________ Units of the Company, at a subscription price of U.S.
$0.05 per Unit, for aggregate consideration of U.S. $_______________
(the “Subscription Price”).

1.2                     Acceptance
of subscription. The Company, upon acceptance by its Board of Directors
(the “Board”) of all or part of this subscription Agreement, agrees to
issue the accepted number of Units, as fully paid and non-assessable, and as
consideration for the Subscriber’s subscription, and to refund any excess
subscription monies of the Subscription Price of any non-accepted portion of
this subscription Agreement by the Board.

1.3                     Warrants
and exercise of Warrants. The Warrants forming part of the Units will be
registered in the name of the Subscriber and will be non-transferable, and each
such Warrant will entitle the Subscriber to purchase one additional common share
of the Company (each a “Warrant Share”), for the period commencing upon
the date of issuance of the within Units by the Board and ending at 5:00 p.m.
(Vancouver time) on the day which is two years from the date of issuance
of the within Units by the Board (such time period being the “Warrant
Exercise Period” herein), at an exercise price of U.S. $0.05 per Warrant
Share during the first year of the Warrant Exercise Period and at an
exercise price of U.S. $0.10 per Warrant Share during the final year of
the Warrant Exercise Period.

1.4                     Warrant
certificates. The terms and conditions which govern the Warrants will be
referred to on the certificates representing the Warrants and will contain,
among other things, anti-dilution provisions and provisions for the appropriate
adjustment in the class, number and price of the Warrant Shares issuable on the
exercise of the Warrants upon the occurrence of certain events including any
subdivision, consolidation or reclassification of the common shares, the payment
of stock dividends and the amalgamation of the Company.

1.5                    
Other financings. The issue and terms of the Warrants will not
restrict or prevent the Company from obtaining any other financing nor from
issuing additional securities or rights during the period within which the
Warrants are exercisable.

- 3 -

1.6                    
Replacement Warrant certificates. If the Subscriber exercises any
Warrants the Company will issue to the Subscriber the number of Warrant Shares
equal to the number of Warrants exercised and deliver to the Subscriber a
certificate representing the Warrant Shares.

1.7                    
Subscriber’s eligibility for subscription. The Subscriber
acknowledges and warrants (and has made diligent inquiries to so determine or
has the sophistication and knowledge to know the Subscriber’s status without
concern of error), on which the Company relies, that the Subscriber is
purchasing the Units on a private basis and without infraction of or impedance
by his domicile laws due to one or more of the following:

	 	(a) 	
      the Subscriber is an eligible and exempt investor under
      the laws of the Subscriber’s domicile by either being a person who
      complies with exemptions from prospectus requirements or is otherwise
      exempt by virtue of the Subscriber’s wealth, income and investment
      knowledge or capacity; or

	 	 	 
	 	(b) 	
      the Subscriber is subscribing for a value in Units
      constituting an exempt investment under the laws of the Subscriber’s
      domicile; or

	 	 	 
	 	(c) 	
      the Subscriber’s domicile laws do not restrict
      investment; and

	 	 	 
	 	(d) 	
      where the Subscriber has completed the appropriate
      portions of this Agreement and its related Appendices and the completion
      of the same, whether signed or not, constitute a true and accurate
      statement by the Subscriber.

                         For
the purposes of this Agreement it is hereby acknowledged and agreed that
“Securities” is hereinafter collectively defined to mean the Units, the
Shares, the Warrants and the Warrant Shares.

1.8                    
Risks of subscription. The Subscriber acknowledges that no party
independent of the Company has made or will make any opinion or representations
on the merits or risks of an investment in any of the Securities unless sought
out by the Subscriber; which the Subscriber is encouraged to do. The Subscriber
is aware that this investment is a speculative and risky investment, the
Subscriber warrants that it could tolerate the full loss of the investment
without significant or material impact on the Subscriber’s financial condition
and the Subscriber waives all claim or liability of the Company for any loss in
value of this investment.

Article 2
METHOD OF SUBSCRIPTION AND
ACCEPTANCE BY THE COMPANY

2.1                    
Method of subscription. It is hereby acknowledged and agreed by
the parties hereto that any subscription for Units shall be made by the
Subscriber:

	 	(a) 	
      by faxing to the Company, at (604) 472-0170, or to the
      Company’s counsel, Lang Michener LLP (the “Company’s Counsel”), at
      (604) 893-2679 or (604) 685-7084, a completed copy of this Agreement
      together with an executed copy of the signature page of this Agreement;
      and

- 4 -

	 	(b) 	
      by delivering to the Company, at Suite 37B3, 1410 Parkway
      Boulevard, Coquitlam, British Columbia, Canada, V3E 3K9, or to the
      Company’s Counsel, at 1500 Royal Centre, 1055 West Georgia Street,
      Vancouver, British Columbia, Canada, V6E 4N7, an originally executed copy
      of this completed Agreement together with payment for the exact
      Subscription Price for such Units in the following manner:

	 	 	 	 	 
	 		(i) 	
      by delivery:

	 	 	 	 	 
	 			(A) 	
      to the Company, at its above address, of a bank draft,
      money order or cashier’s cheque for the exact Subscription Price for the
      Units made payable to the Company; or

	 	 	 	 	 
	 			(B) 	
      to the Company’s Counsel, at its above address, of a bank
      draft, money order or cashier’s cheque for the exact Subscription Price
      for the Units made payable to “Lang Michener LLP In Trust” for the
      account of the Company; or

	 	 	 	 	 
	 		(ii) 	
      by wire transfer to the Company’s Counsel of the exact
      Subscription Price for the Units to the following wiring
    instructions:

	 	Bank Name: 	Bank of Montreal; 
	 	Bank Address: 	595 Burrard Street, Vancouver, British 
	 	  	Columbia, Canada; 
	 	Transit Number: 	00040; 
	 	Bank Number: 	001; 
	 	Account Name: 	Lang Michener LLP Client’s U.S. Trust 
	 	  	Account 
	 	Reason: 	Re: Silica Resources Corporation; File
    
	 	  	#57933-0002 - Subscriptions; 
	 	Account Number: 	4692-529; 
	 	Swift Code: 	BOFMCAM2; and 

	 	* 	
      If coming from the U.S. or
  Overseas:

	 	Intermediary Bank: 	Wachovia Bank, N.A.; 
	 	Swift Code: 	PNBPUS3NNYC; and 
	 	Fedwire ABA#: 	026005092. 

		*Note: 	
      Unless instructed otherwise by the Company, the Company’s
      Counsel must deposit all trust funds (including the Subscription Price
      received) in an account that is insured by the Canadian Deposit Insurance
      Corporation or the Credit Union Deposit Insurance Corporation of British
      Columbia or guaranteed under the Community Financial Services
      Act (Canada). All U.S. dollar accounts in Canada are not
      insured. 

- 5 -

                         In
this regard, and should the Subscriber’s subscription and/or Subscription Price
payment be submitted to the Company’s Counsel, in trust or otherwise (as above
in respect to the wire transfer), then the Subscriber agrees that the Company’s
Counsel shall have no accountability to the Subscriber whatsoever and
acknowledges that the Company’s Counsel is merely a recipient for the Company
and has no obligation of any nature to the Subscriber. Under no circumstances
shall the Company’s Counsel be considered to be giving legal or other advice or
services to the Subscriber and no communication between the Subscriber and the
Company’s Counsel shall be considered advice (at the most only administrative
subscription assistance on behalf of the Company) but the Subscriber shall rely
solely and exclusively on the Subscriber’s own judgment and the advice of the
Subscriber’s own counsel.

2.2                     Acceptance
of subscription or return of Subscription Price by the
Company. The Subscriber acknowledges that the Company will be
accepting subscriptions for Units on a first come, first serve, basis. As a
consequence the Company, upon acceptance by its Board of all or part of this
subscription Agreement (the “Acceptance”), hereby agrees to issue the
accepted number of Units, as fully paid and non-assessable, and as consideration
for the Subscriber’s subscription, and to refund any excess subscription monies
of the Subscription Price of any non-accepted portion of this subscription
Agreement by the Board. In this regard the Subscriber acknowledges that,
although Units may be issued to other subscribers concurrently with the
Company’s Acceptance of all or part of this subscription Agreement, there may be
other sales of Units by the Company, some or all of which may close before or
after the Acceptance herein. The Subscriber further acknowledges that there is a
risk that insufficient funds may be raised by the Company upon the Company’s
Acceptance of all or part of this subscription Agreement to fund the Company’s
objectives and that further closings may not take place after Acceptance
herein.

2.3                     Use
of funds before and after Acceptance. The Subscriber acknowledges and
agrees that the Subscription Price monies shall be advanced immediately to the
Company’s general funds to reserve the Subscriber’s subscription, shall not be
held in trust, the Company may employ such funds for its business purposes
immediately and prior to Acceptance and such funds shall not be considered a
loan and shall not bear interest but shall constitute solely a reservation of
subscription and advance of funds therefore. The Subscriber shall not demand
return of its Subscription Price monies unless the Units have not been issued
for a period in excess of 90 calendar days from the date of this subscription
and such demand may be fulfilled by Acceptance and delivery of subscribed Units
or return of funds at the Company’s sole and absolute discretion. The Subscriber
acknowledges that the funds to be raised from all Units are to be employed for
the business of the Company in accordance with management’s determination as to
the best use of the same for the Company’s business plans. Notwithstanding any
disclosure document or offering memorandum or prospectus provided concurrent
with this subscription, the Company reserves the right at any time to alter its
business plans in accordance with management’s appreciation of the market for
the goods and services of the Company and the best use of the Company’s funds to
advance its business, whether present or future.

2.4.                     Securities
issued at different prices and characteristics. The Subscriber
acknowledges that the Company will issue its securities at different prices
which may occur sequentially, from time-to-time, or at the same time and prices
in the 

- 6 -

future may be lower than now. The Company will also issue
offerings which have warrants, or other benefits, attached and some offerings
which do not. Not all subscribers will receive common shares, or other share
classes, of the Company at the same price and such may be issued at vastly
different prices to that of the Subscriber. For example, however, without
limitation, the Company will or may issue securities at nominal prices as
‘founders shares’ (which may or will constitute millions of securities, as
determined solely by the Board) or for developmental assets (which cannot be
valued and so may be assigned a nominal value on the Company’s books) or for
services or to attract expertise or management talent or other circumstances
considered advisable by the Board. Such issuance at different prices are made by
the Board in its judgment as to typical structuring for a company such as the
Company, to incentivise, reward and to provide a measure of developmental
control, to acquire assets or services which the Board considers necessary or
advisable for the Company’s development and success and other such
considerations in the Board’s judgment. The Company may or will acquire debt
and/or equity financings in the future required or advisable, as determined by
the Board, in the course of the Company’s business development. The Subscriber
acknowledges these matters, understands that the Subscriber’s investment is not
necessarily the most advantageous investment in the Company and authorizes the
Board now and hereafter to use its judgment to make such issuances whether such
issuances are at a lesser, equal or greater price than that of the Subscriber
and whether such is prior to, concurrent with or subsequent to the Subscriber’s
investment herein.

2.5                    
Delivery of Share and Warrant certificates. The Company, within 90
calendar days of the Acceptance by its Board of all or part of this subscription
Agreement, agrees to deliver to the Subscriber a Share certificate and a Warrant
certificate for the accepted number of Units purchased by the Subscriber under
this subscription Agreement and registered in the name of the Subscriber.

Article 3
INVESTMENT SUBSCRIPTION TERMS,
CORPORATE DISCLOSURE AND 
GENERAL SUBSCRIBER
ACKNOWLEDGEMENTS AND WARRANTIES

3.1                     Description
of the Units. The Company is issuing Units at a price of U.S. $0.05 per
Unit. The Shares forming part of the Units, together with the Warrant Shares
which are issuable upon the exercise of the Warrants, are a part of the common
shares of the Company presently authorized. Copies of the constating documents
of the Company describing the common shares and the rights of shareholders are
available upon request.

3.2                    
Release of liability and indemnity. The Subscriber acknowledges
and agrees that, in consideration, in part, of the Company’s within Acceptance
of this subscription, the Subscriber hereby does hereby release, remise and
forever discharge each of the Company and its respective subsidiaries,
directors, officers, employees, attorneys, agents, executors, administrators,
successors and assigns and the Company’s Counsel, of and from all manner of
action and actions, causes of action, suits, debts, dues, accounts, bonds,
covenants, contracts, claims, damages and demands, whether known or unknown,
suspected or unsuspected and whether at law or in equity, which against either
of the Company and/or any of its respective subsidiaries, directors, officers,
employees, attorneys, agents, executors, administrators, successors and assigns
and the Company’s Counsel, the Subscriber ever had, now has, or which any of the
Subscriber’s respective successors or assigns, or any of them hereafter can,
shall or may have by reason of any 

- 7 -

matter arising from the within subscription or the use of funds
or the operation of the Company (collectively, the “Release”) except only
for gross negligence or fraud (and such shall constitute only objective willful
act of objective material wrongdoing). The Subscriber shall hold harmless and
indemnify the Company from and against, and shall compensate and reimburse the
same for, any loss, damage, claim, liability, fee (including reasonable
attorneys’ fees), demand, cost or expense (regardless of whether or not such
loss, damage, claim, liability, fee, demand, cost or expense relates to a
third-party claim) that is directly or indirectly suffered or incurred by the
Company, or to which the Company becomes subject, and that arises directly or
indirectly from, or relates directly or indirectly to, any inaccuracy in or
breach of any representation, warranty, covenant or obligation of the Subscriber
contained in this Agreement. This Release is irrevocable and will not terminate
in any circumstances.

3.3                    
The Subscriber’s understandings and acknowledgments. The
Subscriber acknowledges and agrees that:

		(a) 	
      Further financings: the Company may issue further
      offerings similar to the within Offering which may be at higher or lower
      prices (as determined by the Company in accordance with its appreciation
      of market conditions). The Company may, and will, acquire debt and/or
      equity financings in the future required or advisable in the course of the
      Company’s business development; 

	 	  	
       

		(b) 	
      Withdrawal or revocation: this Agreement is given
      for valuable consideration and shall not be withdrawn or revoked by the
      Subscriber once tendered to the Company with the Subscription Price;
    

	 	  	
       

		(c) 	
      Agreement to be bound: the Subscriber hereby
      specifically agrees to be bound by the terms of this Agreement as to all
      particulars hereof and hereby reaffirms the acknowledgments,
      representations and powers as set forth in this Agreement; 

	 	  	
       

		(d) 	
      Reliance on Subscriber’s representations: the
      Subscriber understands that the Company will rely on the acknowledgments,
      representations and covenants of the Subscriber contained herein in
      determining whether a sale of the Units to the Subscriber is in compliance
      with applicable securities laws. The Subscriber warrants that all
      acknowledgments, representations and covenants are true and accurate; and
      

	 	  	
       

		(e) 	
      Waiver of pre-emptive rights: the Subscriber
      hereby grants, conveys and vests unto the President of the Company, or
      unto such other nominee or nominees of the President of the Company as the
      President of the Company may determine, from time to time, in the
      President’s sole and absolute discretion, as the Subscriber’s power of
      attorney solely for the purpose of waiving any prior or pre-emptive rights
      which the Subscriber may have to further issues of equity by the Company
      under applicable corporate and securities laws. 

3.4                    
The Subscriber’s representations, warranties and understandings as
a non-U.S. resident. If the Subscriber is not a
resident of the United States, the Subscriber acknowledges, represents and
warrants to the Company and understands that:

- 8 -

	 	(a) 	
      Not a U.S. Person: the Subscriber: (i) is not a
      U.S. Person (as defined in Rule 902 of Regulation S (“Regulation
      S”) under the United States Securities Act of 1933 (the
      “U.S. Act”), which definition includes, but is not limited to, any
      natural person resident in the United States, any corporation or
      partnership incorporated or organized under the laws of the United States
      or any estate or trust of which any executor, administrator or trustee is
      a U.S. Person; (ii) is not purchasing any of the Securities for the
      account or benefit of any U.S. Person or for offering, resale or delivery
      for the account or benefit of any U.S. Person or for the account of any
      person in any jurisdiction other than the jurisdiction set out in the name
      and address of the Subscriber set forth hereinbelow; and (iii) was not
      offered any Units in the United States and was outside the United States
      at the time of execution and delivery of this
Agreement;

		(b) 	
      No registration and sales under Regulation S: the
      Subscriber acknowledges that the Securities have not been registered under
      the U.S. Act and the Company has no obligation or present intention of
      filing a registration statement under the U.S. Act in respect of any of
      the Securities. The Subscriber agrees to resell the Securities only in
      accordance with the provisions of Regulation S, pursuant to a registration
      under the U.S. Act or pursuant to an available exemption from such
      registration, and that hedging transactions involving the Securities may
      not be conducted unless in compliance with the U.S. Act. The Subscriber
      understands that any certificate representing the Securities may bear a
      legend setting forth the foregoing restrictions. The Subscriber
      understands that the Securities are restricted within the meaning of
      “Rule 144” promulgated under the U.S. Act; that the exemption from
      registration under Rule 144 will not be available in any event for at
      least one year from the date of purchase and payment of the Securities by
      the Subscriber, and even then will not be available unless (i) a public
      trading market then exists for the common stock of the Company, (ii)
      adequate information concerning the Company is then available to the
      public and (iii) other terms and conditions of Rule 144 are complied with;
      and that any sale of the Securities may be made by the Subscriber only in
      limited amounts in accordance with such terms and
  conditions;

	 	(c) 	
      No U.S. beneficial interest: no U.S. Person,
      either directly or indirectly, has any beneficial interest in any of the
      Securities acquired by Subscriber hereunder, nor does the Subscriber have
      any agreement or understanding (written or oral) with any U.S. Person
      respecting:

	 	(i) 	
      the transfer or any assignment of any rights or interest
      in any of the Securities;

	 	 	 
	 	(ii) 	
      the division of profits, losses, fees, commissions or any
      financial stake in connection with this subscription; or

	 	 	 
	 	(iii) 	
      the voting of the Securities;

- 9 -

	 	(d) 	
      Experience: the Subscriber has the requisite
      knowledge and experience in financial and business matters for properly
      evaluating the risks of an investment in the
Company;

	 	(e) 	
      Information: the Subscriber has received all
      information regarding the Company reasonably requested by the
      Subscriber;

	 	(f) 	
      Risk: the Subscriber understands that an
      investment in the Company involves certain risks of which the Subscriber
      has taken full cognizance, and which risks the Subscriber fully
      understands;

	 	(g) 	
      Adequacy of information: the Subscriber has been
      given the opportunity to ask questions of, and to receive answers from,
      the Company concerning the terms and conditions of the Offering and to
      obtain additional information necessary to verify the accuracy of the
      information contained in the information described in paragraph (e) above,
      or such other information as the Subscriber desired in order to evaluate
      an investment in the Company;

	 	(h) 	
      Residency: the residence of the Subscriber as set
      forth hereinbelow is the true and correct residence of the Subscriber and
      the Subscriber has no present intention of becoming a resident or
      domiciliary of any other jurisdiction;

	 	(i) 	
      Independent investigation: in making a decision to
      invest in the Company the Subscriber has relied solely upon independent
      investigations made by the Subscriber;

	 	(j) 	
      Principal: the Subscriber is purchasing the Units
      as principal for the Subscriber’s own account and not for the benefit of
      any other person, except as otherwise stated herein, and not with a view
      to the resale or distribution of all or any of the
Units;

	 	(k) 	
      Decision to purchase: the decision of the
      Subscriber to enter into this Agreement and to purchase Units pursuant
      hereto has been based only on the representations of this Agreement or
      based upon the Subscriber’s relationship with a director and/or senior
      officer of the Company. It is not made on other information relating to
      the Company and not upon any oral representation as to fact or otherwise
      made by or on behalf of the Company or any other person. The Subscriber
      agrees that the Company assumes no responsibility or liability of any
      nature whatsoever for the accuracy, adequacy or completeness of any
      business plan information which has been created based upon the Company’s
      management experience. In particular, and without limiting the generality
      of the foregoing, the decision to subscribe for Units has not been
      influenced by:

	 	(i) 	
      newspaper, magazine or other media articles or reports
      related to the Company or its business;

	 	 	 
	 	(ii) 	
      promotional literature or other materials used by the
      Company for sales or marketing purposes; or

- 10 -

	 	(iii) 	
      any representations, oral or otherwise, that the Company
      will become a listed company, that any of the Securities will be
      repurchased or have any guaranteed future realizable value or that there
      is any certainty as to the success of the Company or the liquidity or
      value of any of the Securities;

	 	(l) 	
      Advertisements: the Subscriber acknowledges that
      the Subscriber has not purchased Units as a result of any general
      solicitation or general advertising, including advertisements, articles,
      notices or other communications published in any newspaper, magazine or
      similar media or broadcast over radio or television, or any seminar or
      meeting whose attendees have been invited by general solicitation or
      general advertising;

	 	(m) 	
      Information not received: the Subscriber has not
      received, nor has the Subscriber requested, nor does the Subscriber have
      any need to receive, any offering memorandum or any other document (other
      than financial statements or any other document the content of which is
      prescribed by statute or regulation) describing the business and affairs
      of the Company which has been prepared for delivery to, and review by,
      prospective subscribers in order to assist them in making an investment
      decision in respect of the Units, and the Subscriber has not become aware
      of any advertisement in printed media of general and regular paid
      circulation, radio or television with respect to the distribution of the
      Units;

	 	(n) 	
      Information received: the Subscriber has had
      access to such additional information, if any, concerning the Company as
      the Subscriber has considered necessary in connection with the
      Subscriber’s investment decision to acquire the
Units;

	 	(o) 	
      Satisfaction with information received: the
      Subscriber acknowledges that, to the Subscriber’s
  satisfaction:

	 	(i) 	
      the Subscriber has either had access to or has been
      furnished with sufficient information regarding the Company and the terms
      of this investment transaction to the Subscriber’s satisfaction;

	 	 	 
	 	(ii) 	
      the Subscriber has been provided the opportunity to ask
      questions concerning this investment transaction and the terms and
      conditions thereof and all such questions have been answered to the
      Subscriber’s satisfaction; and

	 	 	 
	 	(iii) 	
      the Subscriber has been given ready access to and an
      opportunity to review any information, oral or written, that the
      Subscriber has requested concurrent with or as a part of this
      Agreement;

	 	(p) 	
      Economic risk: the Subscriber has such knowledge
      and experience in financial and business affairs as to be capable of
      evaluating the merits and risks of the Subscriber’s investment in and to
      the Securities, and the Subscriber is able to bear the economic risk of a
      total loss of the Subscriber’s investment in and to any of the
      Securities;

- 11 -

	 	(q) 	
      Speculative investment: the Subscriber understands
      that an investment in the Securities is a speculative investment and that
      there is no guarantee of success of the Company’s management’s plans.
      Management’s plans are an effort to apply present knowledge and experience
      to project a future course of action which is hoped will result in
      financial success employing the Company’s assets and with the present
      level of management’s skills and of those whom the Company will need to
      attract (which cannot be assured). Additionally, all plans are capable of
      being frustrated by new or unrecognized or unappreciated present or future
      circumstances which can typically not be accurately, or at all,
      predicted;

	 	(r) 	
      Address: the Subscriber is resident as set out on
      the last page of this Agreement as the “Subscriber’s Address”, and the
      address as set forth on the last page of this Agreement is the true and
      correct address of the Subscriber;

	 	(s) 	
      Risk and resale restriction: the Subscriber is
      aware of the risks and other characteristics of the Securities and of the
      fact that the Subscriber will not be able to resell the Securities except
      in accordance with the applicable securities legislation and regulatory
      policy;

	 	(t) 	
      Representations as to resale: no person has made
      to the Subscriber any written or oral
representations:

	 	(i) 	
      that any person will resell or repurchase any of the
      Securities;

	 	 	 
	 	(ii) 	
      that any person will refund the purchase of any of the
      Securities;

	 	 	 
	 	(iii) 	
      as to the future price or value of any of the Securities;
      or

	 	 	 
	 	(iv) 	
      that any of the Securities will be listed and posted for
      trading on any stock exchange, over-the-counter or bulletin board market,
      or that application has been made to list and post any of the Securities
      for trading on any stock exchange, over-the-counter or bulletin board
      market; and

	 		
      the Subscriber will not resell any of the Securities
      except in accordance with the provisions of applicable securities
      legislation and stock exchange, over-the-counter and/or bulletin board
      market rules;

	 	 	 
	 	(u) 	
      Reports and undertakings: if required by
      applicable securities legislation, policy or order or by any securities
      commission, stock exchange or other regulatory authority, the Subscriber
      will execute and otherwise assist the Company in filing such reports,
      undertakings and other documents as may be reasonably required with
      respect to the issue of the Units;

	 	(v) 	
      Resale restrictions: the Subscriber has been
      independently advised as to the applicable hold period imposed in respect
      of the Securities by securities legislation in the jurisdiction in which
      the Subscriber’s resides and confirms that no representation has been made
      respecting the

- 12 -

	 		
      applicable hold periods for the Securities and is aware
      of the risks and other characteristics of the Securities and of the fact
      that the Subscriber may not be able to resell the Securities except in
      accordance with the applicable securities legislation and regulatory
      policy;

	 	 	 
	 	(w) 	
      Age of majority: the Subscriber, if an individual,
      has attained the age of majority and is legally competent to execute this
      Agreement and to take all actions required pursuant
  hereto;

	 	(x) 	
      Authorization and formation of Subscriber: the
      Subscriber, if a corporation, partnership, trust or other form of business
      entity, is authorized and otherwise duly qualified to purchase and hold
      the Securities, and such entity has not been formed for the specific
      purpose of acquiring Securities in this issue. If the Subscriber is one of
      the aforementioned entities it hereby agrees that, upon request of the
      Company, it will supply the Company with any additional written
      information that may be requested by the Company. In addition, the
      entering into of this Agreement and the transactions contemplated hereby
      will not result in the violation of any of the terms of and provisions of
      any law applicable to, or the constating documents, if a corporation, of,
      the Subscriber or of any agreement, written or oral, to which the
      Subscriber may be a party or by which the Subscriber may be
  bound;

	 	(y) 	
      Legal obligation: this Agreement has been duly and
      validly authorized, executed and delivered by and constitutes a legal,
      valid, binding and enforceable obligation of the
  Subscriber;

	 	(z) 	
      Legal and tax consequences: the Subscriber
      acknowledges that an investment in the Securities of the Company may have
      tax consequences to the Subscriber under applicable law, which the
      Subscriber is solely responsible for determining, and the Subscriber also
      acknowledges and agrees that the Subscriber is responsible for obtaining
      its own legal and tax advice;

	 	(aa) 	
      Compliance with applicable laws: the Subscriber
      knows of no reason (and is sufficiently knowledgeable to determine the
      same or has sought legal advice) why the delivery of this Agreement, the
      acceptance of it by the Company and the issuance of the Units to the
      Subscriber will not comply with all applicable laws of the Subscriber’s
      jurisdiction of residence or domicile, and all other applicable laws, and
      the Subscriber has no reason to believe that the Subscriber’s subscription
      hereby will cause the Company to become subject to or required to comply
      with any disclosure, prospectus or reporting requirements or to be subject
      to any civil or regulatory review or proceeding. In addition, the
      Subscriber will comply with all applicable securities laws and will assist
      the Company in all reasonable manner to comply with all applicable
      securities laws;

		(ab) 	
      Encumbrance or transfer of Securities: the Subscriber
        will not sell, assign, gift, pledge or encumber in any manner whatsoever
        any of the Securities herein subscribed for without the prior written
        consent of the Company and in accordance with applicable securities legislation;
      

- 13 -

		
      (ac) 
	
      Regulation S: the Subscriber further represents
        and warrants that the Subscriber was not specifically formed to acquire
        any of the Securities subscribed for in this Agreement in violation of
        the provisions of Regulation S; 

		(ad) 	
      Finders’ fees: the Subscriber has not retained,
        employed or introduced any broker, finder or other person who would be
        entitled to a brokerage commission or finder’s fee arising out of
        the transactions contemplated hereby; 

		(ae) 	
      Additional Subscriber acknowledgements: the Subscriber
        acknowledges (on its own behalf and, if applicable, on behalf of those
        for whom the Subscriber is contracting hereunder) as set forth below:
      

	 	(i) 	
      it has been furnished with all information, financial and
      otherwise, concerning the business, affairs and financial position of the
      Company necessary to make an informed decision to purchase the Units and
      the Subscriber agrees that such information has not been furnished
      pursuant to any form of written material which is, or may be construed as,
      an offering memorandum as that term is defined in the securities
      legislation of any Province of Canada, the securities legislation in the
      jurisdictions in which the Company is incorporated and conducts business
      and the securities legislation in the jurisdiction in which the Subscriber
      is resident (collectively, the “Applicable Securities Legislation”
      herein) as such legislation is from time to time amended, and the
      regulations and rules prescribed thereto;

	 	(ii) 	
      the issue of the Units will be made pursuant to
      exemptions from the registration and prospectus requirements of the
      Applicable Securities Legislation and
therefore:

	 	(A) 	
      the Subscriber is restricted from using certain of the
      civil remedies available under such legislation and certain protections,
      rights and remedies provided in such legislation, including statutory
      rights of rescission or damages, will not be available to the
      Subscriber;

	 	 	 
	 	(B) 	
      the Subscriber may not receive information that might
      otherwise be required to be provided to the Subscriber under such
      legislation;

	 	 	 
	 	(C) 	
      the Company is relieved from certain obligations that
      would otherwise apply under such legislation;

	 	 	 
	 	(D) 	
      no securities commission or similar regulatory authority
      has reviewed or passed on the merits of the Securities;

	 	 	 
	 	(E) 	
      there is no government or other insurance covering the
      Securities; and

- 14 -

	 	(F) 	
      there are risks associated with the purchase of the
      Securities;

	 	(iii) 	
      no prospectus has been filed by the Company with any
      regulatory authority in connection with the issuance of the Securities and
      the Company has already issued or may issue shares for significantly
      lesser consideration per share than is being paid by the
  Subscriber;

	 	 	 
	 	(iv) 	
      the constating documents of the Company contain, or may
      contain at the discretion of the Board, restrictions on the transfer of
      the Securities which provide that, while the Company is not a public
      company, no shares may be transferred without the approval of the
      Board;

	 	 	 
	 	(v) 	
      any Subscription Price monies paid by the Subscriber for
      the Units is being raised as ‘seed’ or ‘risk’ capital for the Company in a
      promotional and speculative stage for whose securities there is no market
      whatsoever;

	 	 	 
	 	(vi) 	
      any Subscription Price monies paid by the Subscriber for
      the Units are not subject to any restrictions pertaining to the use
      thereof by the Company and may be used immediately by the
  Company;

	 	 	 
	 	(vii) 	
      this subscription forms part of a larger Offering and is
      subject only to the Company’s Acceptance of this subscription Agreement
      and the Subscription Price therefore;

	 	 	 
	 	(viii) 	
      the sale and delivery of the Units to the Subscriber or
      to any subscriber on whose behalf the Subscriber is contracting is
      conditional upon such sale being exempt from the requirement to file a
      prospectus or to prepare and deliver an offering memorandum under any
      applicable statute relating to the sale of the Units or upon the issuance
      of such orders, consents or approvals as may be required to permit such
      sale without the requirement of filing a prospectus or preparing and
      delivering an offering memorandum;

	 	 	 
	 	(ix) 	
      the Company may be required to provide applicable
      securities regulatory authorities with a list setting forth the identities
      of the beneficial purchasers of the Units and the Subscriber acknowledges
      and agrees that the Subscriber will provide, on request, particulars as to
      the identity of such beneficial purchasers as may be required by the
      Company in order to comply with the foregoing; and

	 	 	 
	 	(x) 	
      the Subscriber (or others for whom the Subscriber is
      contracting hereunder) has been advised to consult its own legal advisors
      with respect to the merits and risks of an investment in the Securities
      and with respect to applicable resale restrictions and the Subscriber (or
      others for whom the Subscriber is contracting hereunder) is solely
      responsible, and the Company is not in any way responsible, for compliance
      with applicable resale restrictions;

- 15 -

		
      (af) 
	
      Additional Subscriber representations and warranties
      under Applicable Securities Legislation: If the Subscriber is
      not a resident of the United States, the Subscriber further represents and
      warrants to the Company and acknowledges and agrees that the Company will
      also rely upon the following representations and warranties in determining
      whether or not to accept this subscription under all Applicable Securities
      Legislation: 

		(i) 	
      the Subscriber is purchasing the Units as principal for
      its own account, not for the benefit of any other person and not with a
      view to the resale or distribution of all or any of the Units and, by
      signing and returning the enclosed Appendix “I” – “Subscriber’s
      Certificate”, certifies that it {please circle at least
      one of the following categories and complete the missing information as
      appropriate}:

	 	(A) 	
      is resident in one of the Provinces of British Columbia,
      Alberta, Saskatchewan, Manitoba, Quebec, Prince Edward Island, Nova
      Scotia, New Brunswick, Newfoundland and Labrador, the Northwest
      Territories or the Yukon and is a director, senior officer or control
      person of the Company, or of an affiliate of the Company;
  or

	 	(B) 	
      is resident in one of the Provinces of British Columbia,
        Alberta, Saskatchewan, Manitoba, Quebec, Prince Edward Island, Nova Scotia,
        New Brunswick, Newfoundland and Labrador, the Northwest Territories or
        the Yukon and is a spouse, parent, grandparent, brother, sister or child
        of ________________ {insert name}, a director, senior officer or
        control person of the Company, or of an affiliate of the Company; or

	 	(C) 	 is resident in one of the Provinces of British Columbia,
        Alberta, Saskatchewan, Manitoba, Quebec, Prince Edward Island, Nova Scotia,
        New Brunswick, Newfoundland and Labrador, the Northwest Territories or
        the Yukon and is a close personal friend of ________________ {insert
        name}, a director, senior officer or control person of the Company,
        or of an affiliate of the Company; or

	 	(D) 	 is resident in one of the Provinces of British Columbia,
        Alberta, Saskatchewan, Manitoba, Quebec, Prince Edward Island, Nova Scotia,
        New Brunswick, Newfoundland and Labrador, the Northwest Territories or
        the Yukon and is a close business associate of ________________ {insert
        name}, a director, senior officer or control person of the Company,
        or of an affiliate of the Company; or

	 	(E) 	
      is resident in one of the Provinces of British Columbia,
      Alberta, Saskatchewan, Manitoba, Quebec, Prince Edward Island, Nova
      Scotia, New Brunswick, Newfoundland and

- 16 -

	 		
      Labrador, the Northwest Territories or the Yukon and is a
      founder of the Company; or

	 	 	 
	 	(F) 	 is resident in one of the Provinces of British Columbia,
        Alberta, Saskatchewan, Manitoba, Quebec, Prince Edward Island, Nova Scotia,
        New Brunswick, Newfoundland and Labrador, the Northwest Territories or
        the Yukon and is a parent, grandparent, brother, sister, child, spouse,
        close personal friend or close business associate of ________________
        {insert name}, a founder of the Company; or

	 	(G) 	
      is a person or company that is wholly-owned by, or a
      majority of its board of directors is comprised of, any combination of
      persons or companies described in §3.4(af)(i)(A) to §3.4(af)(i)(F)
      hereinabove; or

	 	 	 
	 	(H) 	
      is a trust or estate of which all of the beneficiaries or
      a majority of the trustees are persons or companies described in
      §3.4(af)(i)(A) to §3.4(af)(i)(F) hereinabove;
or

	 	(I) 	 is resident in the Province of Ontario and is a founder
        of the Company, or an affiliate of ________________ {insert name},
        a founder of the Company; or

	 	(J) 	 is resident in the Province of Ontario and is a spouse,
        parent, brother, sister, grandparent or child of ________________ {insert
        name}, an executive officer, director or founder of the Company; or

	 	(K) 	
      is resident in the Province of Ontario and is a control
      person of the Company; or

	 	 	 
	 	(L) 	
      is an “accredited investor” as defined in National
      Instrument 45-106 – Prospectus and Registration Exemptions (“NI
      45-106”); or

	 	 	 
	 	(M) 	
      is an individual and will have an aggregate acquisition
      cost for the Units of not less than Cdn. $150,000; or

	 	 	 
	 	(N) 	
      is not an individual but is a corporation, partnership,
      trust, fund, association or any other organized group of persons that was
      not created solely, nor used primarily, to permit a group of individuals
      to purchase securities without a prospectus which will have an aggregate
      acquisition cost of purchasing the Units of not less than Cdn. $150,000;
      or

	 	 	 
	 	(O) 	
      is an employee, executive officer, director or consultant
      as defined in NI 45-106 of the Company, of a related entity of the Company
      or of a permitted assign of one of those persons and the purchase of the
      Units is voluntary; or

- 17 -

	 	(P) 	
      is resident in an “International Jurisdiction”
      (being a jurisdiction outside of Canada and the United States)
  and:

	 	(I) 	
      the Subscriber is knowledgeable of, or has been
      independently advised as to, the Applicable Securities Legislation of such
      International Jurisdiction which would apply to this Agreement;

	 	 	 
	 	(II) 	
      the Subscriber is purchasing the Units pursuant to an
      applicable exemption from any prospectus, registration or similar
      requirements under the Applicable Securities Legislation of such
      International Jurisdiction, or, if such is not applicable, the Subscriber
      is permitted to purchase the Units under the Applicable Securities
      Legislation of the International Jurisdiction without the need to rely on
      exemptions; and

	 	 	 
	 	(III) 	
      the Applicable Securities Legislation of the
      International Jurisdiction do not require the Company to make any filings
      or seek any approvals of any kind whatsoever from any regulatory authority
      of any kind whatsoever in the International
Jurisdiction;

	 	(ii) 	
      the Subscriber has not relied upon the Company or its
      directors and officers, or the Company’s Counsel or advisors, for
      investment, legal or tax advice, including advice with respect to the hold
      period and resale restrictions imposed upon the Securities by the
      securities legislation in the jurisdiction in which the Subscriber
      resides, and has, if desired, in all cases sought the advice of the
      Subscriber’s own personal investment advisor, legal counsel and tax
      advisors, and the Subscriber is either experienced in or knowledgeable
      with regard to the affairs of the Company or, either alone or with its
      professional advisors, is capable by reason of knowledge and experience in
      financial and business matters in general, and investments in particular,
      of evaluating the merits and risks of an investment in the Securities, and
      it is able to bear the economic risk of an investment in the Securities
      and can otherwise be reasonably assumed to have the capacity to protect
      its own interest in connection with the investment; and

	 	 	 
	 	(iii) 	
      the Subscriber understands and acknowledges that the
      Company is not currently a reporting issuer in any jurisdiction and as a
      result the hold period to which the Securities are subject will be
      indefinite in every jurisdiction in which the Securities are issued, until
      the Company becomes a reporting issuer in such jurisdiction.

	 	 	 
	 		 There is no assurance that the Company will ever become
        a reporting issuer in the future. The Subscriber further understands that
        the certificates representing the Securities will bear a legend describing
        the resale restrictions and the Subscriber agrees to comply with such
        resale restrictions; and

- 18 -

		
      (ag) 
	
      Additional Subscriber covenants and agreements:
        the Subscriber further covenants and agrees that the Company will also
        rely upon the following covenants and agreements in determining whether
        or not to accept this subscription under all Applicable Securities Legislation:
      

	 	(i) 	
      to the extent the law permits, the Subscriber agrees to
      leave the Subscriber’s Share and Warrant certificates for safekeeping with
      the Company, but may have possession of same upon request, if required for
      a Registered Retirement Savings Plan (as defined in the Income Tax Act
      (Canada)) or similar requirements;

	 	 	 
	 	(ii) 	
      the Subscriber acknowledges and consents to the
      collection and retention by the Company of certain information, including
      personal information, regarding the Subscriber and the Subscriber’s
      subscription, including the Subscriber’s name, address, telephone number
      and e-mail address, the number of Securities purchased and any control
      persons of the Subscriber. The Subscriber acknowledges and agrees that
      this information will be retained on the share register of the Company
      which may be available for inspection by the public. The Subscriber
      further consents and agrees to the release of this information to the
      securities regulatory authorities as required by law and regulatory
      policies; and

	 	 	 
	 	(iii) 	
      the Subscriber agrees that this Agreement will in no way
      restrict the Company from obtaining further funds through the sale of
      equity securities of the Company or otherwise.

3.5                     Company
Confidential Information. The Subscriber acknowledges that the Company
is presently engaged in the business of acquiring and exploring and developing
resource property interests of merit. The Subscriber recognizes the importance
of protecting the Company’s trade secrets, confidential information and other
proprietary information and related rights acquired through the Company’s
expenditure of time, effort and money. Therefore, in consideration of the
Company permitting the Subscriber to submit this subscription and have access to
Company information and/or Company confidential information otherwise coming to
the Subscriber, the Subscriber agrees to be bound by the following terms and
conditions:

	 	(a) 	
      Definitions: for all purposes of this Agreement,
      except as otherwise expressly provided or unless the context otherwise
      requires, the following words and phrases shall have the following
      meanings:

	 	(i) 	
      “Confidential Information” includes any of the
      following:

	 	(A) 	
      any and all versions of the trade names, trade-mark,
      business plans, products, software, all Developments (as defined below)
      and all other matters owned or marketed by the
Company;

- 19 -

	 	(B) 	
      information regarding the Company’s business operation,
      methods and practices, including marketing strategies, product pricing,
      margins and hourly rates for staff and information regarding the financial
      affairs of the Company;

	 	 	 
	 	(C) 	
      the names of the Company’s clients and the names of the
      suppliers to the Company, and the nature of the Company’s relationships
      with these clients and suppliers; and

	 	 	 
	 	(D) 	
      any other trade secret or confidential or proprietary
      information in the possession or control of the
Company;

	 		
      however, Confidential Information does not include
      information which is or becomes generally available to the public without
      the Subscriber’s fault; and

	 	 	 
	 	(ii) 	
      “Developments” include all the following related
      to the products or business of the Company:

	 	(A) 	
      copyright works, software, documentation, data, designs,
      scripts, photographs, music, reports, flowcharts, trade- marks,
      specifications, source codes, product designs or formula and any related
      works, including any enhancements, modifications, or additions to the
      products owned, marketed or used by the Company; and

	 	 	 
	 	(B) 	
      inventions, devices, discoveries, concepts, ideas,
      algorithms, formulae, know-how, processes, techniques, systems and
      improvements, whether patentable or not;

developed, created, acquired,
generated or reduced to practice by the Company or any person by or for the
Company, including the Subscriber;

	 	(b) 	
      Maintaining confidentiality: at all times the
      Subscriber shall keep in strictest confidence and trust the Confidential
      Information. The Subscriber shall take all necessary precautions against
      unauthorized disclosure of the Confidential Information, and the
      Subscriber shall not, directly or indirectly disclose, allow access to,
      transmit or transfer the Confidential Information to a third party, nor
      shall the Subscriber use, copy or reproduce the Confidential Information
      except as may be reasonably required for the Subscriber with the
      permission of the Company;

	 	(c) 	
      Return of Confidential Information: at the request
      of the Company the Subscriber shall immediately return to the Company all
      materials, including all copies in whatever form, containing the
      Confidential Information which are in the Subscriber’s possession or under
      the Subscriber’s control; and

	 	(d) 	
      No rights to Confidential Information: the
      Subscriber acknowledges and agrees that the Subscriber shall not acquire
      any right, title or interest in or

- 20 -

to the Confidential Information.
Should any interest in the Confidential Information come into the possession of
the Subscriber by any means, other than specific written transfer by the
Company, the Subscriber hereby assigns and transfers, now and in the future, to
the Company, and agrees that the Company shall be the exclusive owner of, all of
the Subscriber’s right, title and interest to any such throughout the world,
including all trade secrets, patent rights, copyrights and all other
intellectual property rights therein. The Subscriber further agrees to cooperate
fully at all times with respect to signing further documents and doing such acts
and other things required by the Company to confirm such transfer of ownership
of rights. The Subscriber agrees that the obligations in this section shall
continue beyond the issue of any Units hereunder, beyond the ownership of any
Units acquired hereunder and beyond the termination of the Subscriber’s
employment, engagement or association with the Company, for a period of ten
years from the date that the Subscriber delivers this Agreement to the
Company.

3.6                     Reliance
on Subscriber’s representations and warranties and
indemnification. The Subscriber understands that the Company
will rely on the representations and warranties of the Subscriber herein in
determining whether a sale of the Units to the Subscriber is in compliance with
federal and applicable state and provincial securities laws. The Subscriber
hereby agrees to indemnify the Company and its affiliates and hold the Company
and its affiliates harmless from and against any and all liability, damage, cost
or expense (including reasonable attorney’s fees) incurred on account of or
arising out of: (i) any inaccuracy in the Subscriber’s acknowledgements,
representations or warranties set forth in this Agreement; (ii) the disposition
of any of the Securities which the Subscriber will receive, contrary to the
Subscriber’s acknowledgements, representations or warranties in this Agreement
or otherwise; (iii) any suit or proceeding based upon the claim that such
acknowledgments, representations or warranties were inaccurate or misleading or
otherwise cause for obtaining damages or redress from the Company or its
affiliates; and (iv) the Subscriber’s failure to fulfill any or all of the
Subscriber’s obligations herein.

3.7                     Change
in Subscriber’s representations and warranties. All of the information
set forth hereinabove with respect to the Subscriber and including, without
limitation, the acknowledgements, representations and warranties set forth
hereinabove, is correct and complete as of the date hereof and, if there should
be any material change in such information prior to the acceptance of this
subscription Agreement by the Company, the Subscriber will immediately furnish
the revised or corrected information to the Company.

Article 4
UNITED STATES
DECLARATIONS

4.1                     Subscriber’s
declarations as an “Accredited Investor” if resident in the
United States. If applicable and the Subscriber is a resident of the
United States, the undersigned Subscriber also warrants and certifies that the
Subscriber is an “Accredited Investor”, as that term is defined in
Section 4(2) of the U.S. Act, and in “Rule 501” of “Regulation D”
promulgated thereunder, by virtue of the Subscriber’s qualification under one or
more of the following categories {please check the appropriate category or
categories where applicable}:

- 21 -

	[   ]	
      The Subscriber is a natural person whose individual net
      worth, or joint net worth with that person’s spouse, exceeds U.S.
      $1,000,000. 

	 	
       

	[   ]	
      The Subscriber is a natural person who had an individual
      income in excess of U.S. $200,000 in each of the two most recent years or
      joint income with the Subscriber’s spouse in excess of U.S. $300,000 in
      each of those years and has a reasonable expectation of reaching the same
      income level in the current year. 

	 	
       

	[   ]	
      The Subscriber is a corporation, organization described
      in section 501(c)(3) of the United States Internal Revenue Code,
      Massachusetts, or similar business trust or partnership, not formed for
      the specific purpose of acquiring the Units, with total assets in excess
      of U.S. $5,000,000. 

	 	
       

	[   ]	
      The Subscriber is a trust, with total assets in excess of
      U.S. $5,000,000, not formed for the specific purpose of acquiring the
      Units, whose purchase is directed by a sophisticated person. 

	 	
       

	[   ]	
      The Subscriber is a director or executive officer of the
      Company. 

	 	
       

	[   ]	
      The Subscriber is a “private business development
      company” as that term is defined in section 202(a)(22) of the United
      States Investment Advisers Act of 1940. 

	 	
       

	[   ]	
      The Subscriber is either: (a) a “bank” as defined in
      section 3(a)(2) of the U.S. Act, or a “savings and loan association or
      other institution” as defined in section 3(a)(5)(A) of the U.S. Act,
      whether acting in its individual or fiduciary capacity; or (b) a broker or
      dealer registered pursuant to section 15 of the United States
      Securities Exchange Act of 1934; or (c) an “insurance company” as
      defined in section 2(13) of the U.S. Act; or (d) an investment company
      registered under the United States Investment Company Act of
      1940 or a “business development company” as defined in section
      2(a)(48) of the United States Investment Company Act of 1940; or
      (e) a small business investment company licensed by the United States
      “Small Business Administration” under either of subsections 301(c) or (d)
      of the United States Small Business Investment Act of 1958; or (f)
      a plan established and maintained by a state, its political subdivisions,
      or any agency or instrumentality of a state or its political subdivisions,
      for the benefit of its employees, if such plan has total assets in excess
      of U.S. $5,000,000; or (g) an employee benefit plan within the meaning of
      the United States Employee Retirement Income Security Act of
      1974, if the investment decision is made by a plan fiduciary as
      defined in section 3(21) of the United States Employee
      Retirement Income Security Act of 1974 which is either a bank,
      savings and loan association, insurance company or registered investment
      adviser, or if the employee benefit plan has total assets in excess of
      U.S. $5,000,000 or, if a self-directed plan, with investment decisions
      made solely by persons that are accredited investors. 

	 	
       

	[   ]	
      The Subscriber is an entity in which all of the equity
      owners are accredited investors under one or more of the categories set
      forth hereinabove. 

- 22 -

                         In
this regard the Subscriber hereby acknowledges and agrees that one of the
requirements of the above-referenced exemption is that the Company and the
persons involved in the offering and sale of the relevant securities; and in
this case the Units; must have reasonable grounds to believe and, in fact,
believe that the Subscriber, whether alone or together with the Subscriber’s
representative, if any, has such knowledge and experience in financial and
business matters that the Subscriber is capable of evaluating the merits and
risks of the prospective investment. As a result, and in order to be assured
that the offer and sale of Units to the Subscriber as an Accredited Investor
will not result in violation of that certain exemption from the registration and
prospectus delivery requirement of the U.S. Act specified by the provisions of
Section 4(2) of the U.S. Act and Rule 501 and “Rule 506” of Regulation D,
the Subscriber is being requested to hereby provide the Company with a completed
and executed copy of the Appendix “II” –“Subscriber’s Suitability
Questionnaire” which is attached hereto.

4.2                     Subscriber’s
declarations as a non-Accredited Investor. If applicable and the
Subscriber is a resident of the United States, the undersigned Subscriber also
warrants and certifies that the Subscriber is not an Accredited Investor, as
that term may be interpreted in accordance with Section 4(2) of the of the U.S.
Act and in Rule 501 of Regulation D promulgated thereunder, however, the
Subscriber also warrants and certifies that the Subscriber satisfies one or more
of the following categories {please check the appropriate category or
categories where applicable}:

	[   ]	
      The Subscriber has an annual gross income of at least
      U.S. $50,000 and a net worth (exclusive of home, home furnishings and
      automobiles) of at least U.S. $100,000; 

	 	
       

	[   ]	
      The Subscriber has, irrespective of annual gross income,
      a net worth of U.S. $200,000 (determined with the same exclusions
      specified immediately above); or 

	 	
       

	[   ]	
      The Subscriber represents and warrants, in the event of
      sales to fiduciary accounts, that such conditions are satisfied by the
      fiduciary, the fiduciary account or the contributor who directly or
      indirectly furnished the funds for the purchase of the Units.
  

                         In
this regard the Subscriber hereby again acknowledges and agrees that one of the
requirements of the above-referenced exemption is that the Company and the
persons involved in the offering and sale of the relevant securities; and in
this case the Units; must have reasonable grounds to believe and, in fact,
believe that the Subscriber, whether alone or together with the Subscriber’s
representative, if any, has such knowledge and experience in financial and
business matters that the Subscriber is capable of evaluating the merits and
risks of the prospective investment. As a result, and in order to be assured
that the offer and sale of Units to the Subscriber as a non-Accredited Investor
will not result in violation of that certain exemption from the registration and
prospectus delivery requirement of the U.S. Act specified by the provisions of
Section 4(2) of the U.S. Act and Rules 501 and 506 of Regulation D, the
Subscriber is being requested to hereby provide the Company with a completed and
executed copy of the Appendix “II” – “Subscriber’s Suitability
Questionnaire” which is attached hereto.

- 23 -

4.3                     Subscriber’s
reliance on a Representative. If the Subscriber is relying upon the
investment advice of a representative who has advised the undersigned in
connection with this investment (the “Representative”), the undersigned
believes the Representative to be sophisticated and competent in the area of
investment advice and analysis and therefore capable of evaluating the risks and
merits of an investment in the Units. In this regard, if applicable, and in
order to rely on Regulation D under the U.S. Act, the Subscriber is being
requested to hereby provide the Company with a completed and executed copy from
its Representative of the Appendix “III” – “Subscriber’s Representative
Questionnaire” which is attached hereto.

Article 5
RESTRICTED SECURITIES AND
REGISTRATION

5.1                     No
registration. The Subscriber acknowledges and understands that neither
the sale of the Units which the Subscriber is acquiring nor any of the
Securities themselves have been registered under any Applicable Securities
Legislation and, furthermore, that the Securities must be held indefinitely
unless subsequently registered under Applicable Securities Legislation or an
exemption from such registration is available. 

5.2                    
Legending of the Securities. The Subscriber also acknowledges and
understands that the certificates representing the Securities will be stamped
with the following legend (or substantially equivalent language) restricting
transfer in the following manner: 

These securities have not been
registered under the United States Securities Act of 1933, as amended, or
the laws of any state, and are being issued pursuant to an exemption from
registration pertaining to such securities and pursuant to a representation by
the security holder named hereon that said securities have been acquired for
purposes of investment and not for purposes of distribution. These securities
may not be offered, sold, transferred, pledged or hypothecated in the absence of
registration, or the availability of an exemption from such registration.
Furthermore, no offer, sale, transfer, pledge or hypothecation is to take place
without the prior written approval of counsel to the company. The stock transfer
agent has been ordered to effectuate transfers only in accordance with the above
instructions.”

 (or) 

“These securities have not been
registered under the United States Securities Act of 1933, as amended
(the “Act”), or the laws of any state, and are being issued in reliance
upon Regulation S promulgated under the Act. These securities may not be
offered, sold, transferred, pledged or hypothecated in the absence of
registration, the availability of an exemption from such registration or
compliance with Regulation S. Furthermore, no offer, sale, transfer, pledge or
hypothecation is to take place without the prior written approval of counsel to
the company. The stock transfer agent has been ordered to effectuate transfers
only in accordance with the above instructions.

(and, if applicable)

“Unless permitted under applicable
  securities legislation, the holder of the securities represented hereby shall
  not trade the securities before the earlier of (i) the date that is four months
  and a day after the date the company first became a reporting issuer in any
  of Alberta, British Columbia, Manitoba, Nova Scotia, Ontario, Quebec and Saskatchewan,
  if the company is a sedar filer, and (ii) the date that is four months and a
  day after the later of (a) the distribution date, and (b) the date the company
  became a reporting issuer in the local jurisdiction of the subscriber of the
  securities that are the subject of the trade.” 

- 24 -

                         The
Subscriber hereby consents to the Company making a notation on its records or
giving instructions to any transfer agent of the Securities in order to
implement the restrictions on transfer set forth and described hereinabove.

5.3                    
Disposition under Rule 144. The Subscriber also acknowledges and
understands that, if the Subscriber is a resident of the United States:

	 	(a) 	
      the Securities are restricted securities within the
      meaning of Rule 144 promulgated under the U.S. Act;

	 	 	 
	 	(b) 	
      the exemption from registration under Rule 144 will not
      be available in any event for at least one year from the date of purchase
      and payment of the Securities by the Subscriber, and even then will not be
      available unless (i) a public trading market then exists for the common
      stock of the Company, (ii) adequate information concerning the Company is
      then available to the public and (iii) other terms and conditions of Rule
      144 are complied with; and

	 	 	 
	 	(c) 	
      any sale of the Securities may be made by the Subscriber
      only in limited amounts in accordance with such terms and
    conditions.

                         In
this regard the Subscriber further acknowledges and understands that, without in
anyway limiting the acknowledgements and understandings as set forth
hereinabove, the Subscriber agrees that the Subscriber shall in no event make
any disposition of all or any portion of the Securities which the Subscriber is
acquiring hereunder unless and until:

	 	(a) 	
      there is then in effect a “Registration Statement”
      under the U.S. Act covering such proposed disposition and such disposition
      is made in accordance with said Registration Statement; or

	 	 	 
	 	(b) 	
      (i) the Subscriber shall have notified the Company of the
      proposed disposition and shall have furnished the Company with a detailed
      statement of the circumstances surrounding the proposed disposition, (ii)
      the Subscriber shall have furnished the Company with an opinion of the
      Subscriber’s own counsel to the effect that such disposition will not
      require registration of any such Securities under the U.S. Act and (iii)
      such opinion of the Subscriber’s counsel shall have been concurred in by
      counsel for the Company and the Company shall have advised the Subscriber
      of such concurrence.

- 25 -

Article 6 
GENERAL PROVISIONS

6.1                     Address
for delivery. Each notice, demand or other communication required or
permitted to be given under this Agreement shall be in writing and shall be sent
by delivery (electronic or otherwise) or prepaid registered mail deposited in a
post office addressed to the Subscriber or the Company at the address specified
in this Agreement. The date of receipt of such notice, demand or other
communication shall be the date of delivery thereof if delivered, or, if given
by registered mail as aforesaid, shall be deemed conclusively to be the fifth
day after the same shall have been so mailed, except in the case of interruption
of postal services for any reason whatsoever, in which case the date of receipt
shall be the date on which the notice, demand or other communication is actually
received by the addressee. Either party may at any time and from time to time
notify the other party in writing of a change of address and the new address to
which notice shall be given to it thereafter until further change.

6.2                    
Severability and construction. Each Article, section, sub-section,
paragraph, sub-paragraph, term and provision of this Agreement, and any portion
thereof, shall be considered severable, and if, for any reason, any portion of
this Agreement is determined to be invalid, contrary to or in conflict with any
applicable present or future law, rule or regulation, that ruling shall not
impair the operation of, or have any other effect upon, such other portions of
this Agreement as may remain otherwise intelligible (all of which shall remain
binding on the parties and continue to be given full force and agreement as of
the date upon which the ruling becomes final).

6.3                     Gender
and number. This Agreement is to be read with all changes in gender or
number as required by the context.

6.4                    
Governing law. This Agreement shall be governed by and construed
in accordance with the laws of the State of Nevada, U.S.A., and the federal laws
of the United States applicable therein. Any dispute regarding matters as
between the Subscriber and the Company, whether as a subscriber or shareholder
and whether arising under this Agreement or pursuant to shareholder rights
pursuant to the constating documents of the Company or applicable law, shall be
adjudicated in the Courts of the State of Nevada, U.S.A., unless the Company
shall permit otherwise.

6.5                    
Representation and costs. It is hereby acknowledged by each of the
parties hereto that the Company’s Counsel acts solely for the Company, and,
correspondingly, that the Subscriber has been required by each of the Company’s
Counsel and the Company to obtain independent legal advice with respect to the
Subscriber’s review and execution of this Agreement. In addition, it is hereby
further acknowledged and agreed by the parties hereto that the Company’s
Counsel, and certain or all of its principal owners or associates, from time to
time, may have both an economic or shareholding interest in and to the Company
and/or a fiduciary duty to the same arising from either a directorship,
officership or similar relationship arising out of the request of the Company
for certain of such persons to act in a similar capacity while acting for the
Company as counsel. Correspondingly, and even where, as a result of this
Agreement, the consent of each party hereto to the role and capacity of the
Company’s Counsel and its principal owners and associates, as the case may be,
is deemed to have been received, where any conflict or perceived conflict may
arise, or be seen to arise, as a result of any such capacity or representation,
each party hereto acknowledges and agrees to, once more, 

- 26 -

obtain independent legal advice in respect of any such conflict
or perceived conflict and, consequent thereon, the Company’s Counsel, together
with any such principal owners or associates, as the case may be, shall be at
liberty at any time to resign any such position if it or any party hereto is in
any way affected or uncomfortable with any such capacity or representation. Each
party to this Agreement will also bear and pay its own costs, legal and
otherwise, in connection with its respective preparation, review and execution
of this Agreement and, in particular, that the costs involved in the preparation
of this Agreement, and all documentation necessarily incidental thereto, by the
Company’s Counsel, shall be at the cost of the Company.

6.6                    
Survival of representations and warranties. The covenants,
representations and warranties contained herein shall survive the closing of the
transactions contemplated hereby.

6.7                    
Counterparts. This Agreement may be signed by the parties hereto
in as many counterparts as may be necessary, each of which so signed shall be
deemed to be an original, and such counterparts together shall constitute one
and the same instrument and notwithstanding the date of execution will be deemed
to bear the execution date as set forth in this Agreement. This Agreement may
also be executed and exchanged by facsimile and such facsimile copies shall be
valid and enforceable agreements.

6.8                    
Entire Agreement and amendments. This Agreement constitutes the
only agreement between the parties with respect to the subject matter hereof and
shall supersede any and all prior negotiations and understandings. There are no
collateral agreements or understandings hereto and this Agreement, and the
documents contemplated herein, constitutes the totality of the parties’
agreement. This Agreement may be amended or modified in any respect by written
instrument only.

6.9                    
Corrections. The Subscriber hereby authorizes the Company to
correct any minor errors in, or complete any minor information missing from, any
of this Agreement and each of Appendix “I” – “Subscriber’s Certificate”,
Appendix “II” –“Subscriber’s Suitability Questionnaire” and Appendix
“III” – “Subscriber’s Representative Questionnaire” to this Agreement,
which may be required to be completed and executed by the Subscriber and
delivered to the Company in accordance with the terms and conditions of this
Agreement.

6.10                   
Successors and assigns. The terms and provisions of this Agreement
shall be binding upon and enure to the benefit of the Subscriber, the Company
and their respective successors and lawfully permitted assigns; provided that,
except as herein provided, this Agreement shall not be assignable by any party
without the written consent of the other. The benefit and obligations of this
Agreement, insofar as they extend to or affect the Subscriber, shall pass with
any assignment or transfer of any of the Units in accordance with the terms of
this Agreement.

                         IN
WITNESS WHEREOF the Parties hereto have hereunto set their respective
hands and seals in the presence of their duly authorized signatories effective
as at the dates below written.

- 27 -

                         Subscription
by Subscriber:

                         SUBSCRIBER’S
STATEMENT – the Subscriber is a sophisticated investor, the
Subscriber has sought such independent counsel as the Subscriber considers
necessary and the Subscriber has read this Agreement carefully and accepts,
agrees and acknowledges the representations and terms thereof in full and
without exception and agrees that this Agreement constitutes the entire
agreement between the Company and the Subscriber and that there are no
collateral representations or agreements between the same.

                         Dated
at __________, __________, on this _____day of __________, 200__.

	 	 	 
	Name of Subscriber - please print 	 	Subscriber’s Address 
	  	 	  
	  	 	  
	By: _________________________________________	 	 
    
	Official Capacity or Title - please print 	 	  
	  	 	  
	  	 	  
	  	 	  
	Signature of Subscriber 	 	Subscriber’s Telephone Number 
	  	 	  
	  	 	  
	  	 	  
	Please print name of individual whose 	 	Subscriber’s Facsimile Number 
	signature appears above if different than 	 	  
	the name of the Subscriber printed above 	 	 
    
	  	 	Subscriber’s E-mail address
  

                         Acceptance
by the Company:

                         SILICA
  RESOURCES CORPORATION hereby accepts the above subscription by the Subscriber
  on this _____day of __________, 200__.

	The COMMON SEAL of 	) 	  
	SILICA RESOURCES CORPORATION, 	)	  
	the Company herein, 	) 	  
	was hereunto affixed in the presence of: 	) 	(C/S) 
	  	) 	  
	  	) 	  
	Authorized Signatory 	) 	  

Appendix “I”

TO THE SEED CAPITAL UNIT PRIVATE PLACEMENT
SUBSCRIPTION 
AGREEMENT OF SILICA RESOURCES
CORPORATION

SUBSCRIBER’S CERTIFICATE

                              In
addition to the covenants, representations and warranties contained in the “Seed
Capital Unit Private Placement Subscription Agreement” of the Company, to which
this Appendix “I” – “Subscriber’s Certificate” is attached, the
undersigned Subscriber covenants, represents and warrants to the Company that
the Subscriber is purchasing the Units as principal, that the Subscriber is
resident in the jurisdiction set out on the execution page thereof and that the
Subscriber:

	1. 	 is an “accredited investor”,
        as defined in National Instrument 45-106 – Prospectus and Registration
        Exemptions by virtue of being {please check the appropriate
        category or categories where applicable}: 

	  	  	 

	[  ]	(a) 	 a Canadian financial institution, or an authorized
        foreign bank listed in Schedule III of the Bank Act (Canada); 

	  	  	 

	[  ]	(b) 	 the Business Development Bank incorporated
        under the Business Development Bank Act (Canada); 

	  	  	 

	[  ]	(c) 	 a subsidiary of a person referred to in paragraphs
        (a) or (b), if the person owns all of the voting shares of the subsidiary,
        except the voting securities required by law to be owned by directors
        of that subsidiary; 

	  	  	 

	[  ]	(d) 	 a person registered under the securities
        legislation of a jurisdiction of Canada as an adviser or dealer, other
        than a person registered solely as a limited market dealer under one or
        both of the Securities Act (Ontario) or the Securities Act (Newfoundland
        and Labrador); 

	  	  	 

	[  ]	(e) 	 an individual registered or formerly registered
        under the securities legislation of a jurisdiction of Canada as a representative
        of a person referred to in paragraph (d); 

	  	  	 

	[  ]	(f) 	 the Government of Canada or a jurisdiction
        of Canada, or any crown corporation, agency or wholly owned entity of
        the Government of Canada or a jurisdiction of Canada,; 

	  	  	 

	[  ]	(g) 	 a municipality, public board or commission
        in Canada and a metropolitan community, school board, the Comité
        de gestion de la taxe scolaire de l’île de Montréal or
        an intermunicipal management board in Québec; 

	  	  	 

	[  ]	(h) 	 any national, federal, state, provincial,
        territorial or municipal government of or in any foreign jurisdiction,
        or any agency of that government; 

- 2 -

	[  ]	(i) 	
      a pension fund that is regulated by either the Office of
      the Superintendent of Financial Institutions (Canada) or a pension
      commission or similar regulatory authority of a jurisdiction of Canada;
      

	 	  	
      

	[  ]	(j) 	
      an individual who, either alone or with a spouse,
      beneficially owns, directly or indirectly, financial assets having an
      aggregate realizable value that before taxes, but net of any related
      liabilities, exceeds $1,000,000; 

	 	  	
      

	[  ]	(k) 	
      an individual whose net income before taxes exceeded
      $200,000 in each of the two most recent calendar years or whose net income
      before taxes combined with that of a spouse exceeded $300,000 in each of
      the two most recent calendar years and who, in either case, reasonably
      expects to exceed that net income level in the current calendar year;
    

	 	  	
      

	[  ]	(l) 	
      an individual who, either alone or with a spouse, has net
      assets of at least $5,000,000; 

	 	  	
      

	[  ]	(m) 	
      a person, other than an individual or investment fund,
      that has net assets of at least $5,000,000 as shown on its most recently
      prepared financial statements; 

	 	  	
      

	 [  ]	(n) 	
      an investment fund that distributes or has distributed
      its securities only to 

	 	(i) 	
      a person that is or was an accredited investor at the
      time of the distribution;

	 	 	 
	 	(ii) 	
      a person that acquires or acquired securities in the
      circumstances referred to in sections 2.10 [Minimum amount investment] and
      2.19 of National Instrument 45-106 – Prospectus and Registration
      Exemptions [Additional investment in investment funds]; or

	 	 	 
	 	(iii) 	
      a person described in paragraph (i) or (ii) that acquires
      or acquired securities under section 2.18 of National Instrument 45-106
      –

	 	 	 
	 		
      Prospectus and Registration Exemptions [Investment
      fund reinvestment];

	[  ]	(o) 	
      an investment fund that distributes or has distributed
      securities under a prospectus in a jurisdiction of Canada for which the
      regulator or, in Québec, the securities regulatory authority, has issued a
      receipt, 

	 	  	
      

	[  ]	(p) 	
      a trust company or trust corporation registered or
      authorized to carry on business under the Trust and Loan Companies Act
      (Canada) or under comparable legislation in a jurisdiction of Canada
      or a foreign jurisdiction, acting on behalf of a fully managed account
      managed by the trust company or trust corporation, as the case may be;
    

	 	  	
      

	[  ]	(q) 	
      a person acting on behalf of a fully managed account
      managed by that person, if that person 

- 3 -

	 	(i) 	
      is registered or authorized to carry on business as an
      adviser or the equivalent under the securities legislation of a
      jurisdiction of Canada or a foreign jurisdiction, and

	 	 	 
	 	(ii) 	
      in Ontario, is purchasing a security that is not a
      security of an investment fund;

	[  ]	(r) 	
      a registered charity under the Income Tax Act
      (Canada) that, in regard to the trade, has obtained advice from an
      eligibility adviser or an adviser registered under the securities
      legislation of the jurisdiction of the registered charity to give advice
      on the securities being traded; 

	 	  	
      

	[  ]	(s) 	
      an entity organized in a foreign jurisdiction that is
      analogous to any of the entities referred to in paragraphs (a) to (d) or
      paragraph (i) in form and function; 

	 	  	
      

	[  ]	(t) 	
      a person in respect of which all of the owners of
      interests, direct, indirect or beneficial, except the voting securities
      required by law to be owned by directors, are persons that are accredited
      investors; 

	 	  	
      

	[  ]	(u) 	
      an investment fund that is advised by a person registered
      as an adviser or a person that is exempt from registration as an adviser;
      or 

	 	  	
      

	[  ]	(v) 	
      a person that is recognized or designated by the
      securities regulatory authority or, except in Ontario and Québec, the
      regulator as 

	 	(i) 	
      an accredited investor, or

	 	 	 
	 	(ii) 	
      an exempt purchaser in Alberta or British
  Columbia.

OR

	2. 	
      is resident in one of the Provinces of British Columbia,
      Alberta, Saskatchewan, Manitoba, Quebec, Prince Edward Island, Nova
      Scotia, New Brunswick, Newfoundland and Labrador, the Northwest
      Territories or the Yukon and is {please check the appropriate
      category or categories where applicable and complete the missing
      information as appropriate}:

	[  ]	(a) 	
      a director, senior officer or control person of the
      Company, or of an affiliate of the Company; or 

	 	  	
       

	[  ]	(b) 	
      a spouse, parent, grandparent, brother, sister or child
      of _________________________________(insert name), a director,
      senior officer or control person of the Company, or of an affiliate of the
      Company; or 

	 	  	
       

	[  ]	(c) 	
      a close personal friend of (insert name), a
      director, senior officer or control person of the Company, or of an
      affiliate of the Company; or 

- 4 -

	[  ]	(d) 	
      a close business associate of _______________________
      (insert name), a director, senior officer or control person
      of the Company, or of an affiliate of the Company; or 

	 	  	
       

	[  ]	(e) 	
      a founder of the Company; or 

	 	  	
       

	[  ]	(f) 	
      a parent, grandparent, brother, sister, child, spouse,
      close personal friend or close business associate of
      ____________________________________ (insert name), a
      founder of the Company; or 

	 	  	
       

	[  ]	(g) 	
      a person or company that is wholly-owned by, or a
      majority of its board of directors is comprised of, any combination of
      persons or companies described in §(a) to (f) above; or 

	 	  	
       

	[  ]	(h) 	
      a trust or estate of which all of the beneficiaries or a
      majority of the trustees are persons or companies described in §(a) to (f)
      above. 

OR

	3. 	
      is resident in the Province of Ontario and is
      {please check the appropriate category or categories where
      applicable and complete the missing information as
      appropriate}:

	[  ]	(a) 	
      a founder of the Company, or an affiliate of
      __________________________________(insert name), a founder
      of the Company; or 

	 	  	
       

	[  ]	(b) 	
      a spouse, parent, brother, sister, grandparent or child
      of _________________________________________ (insert name), an
      executive officer, director or founder of the Company; or 

	 	  	
      

	[  ]	(c) 	
      a control person of the Company. 

OR

	4. 	
      as defined in National Instrument 45-106 - Prospectus
      and Registration Exemptions{please check the category where
      applicable}:

	 	 
	[  ]	
      an employee, executive officer, director or consultant of
      the Company, of a related entity of the Company or of a permitted assign
      of one of those persons and the purchase of the Units is
  voluntary.

OR

	5. 	{please check the appropriate category or categories
      where applicable}: 
	  	  	  
	[  ]	(a) 	 an individual and will have an aggregate
        acquisition cost for the Units of not less than $150,000; or 

	  	  	  

	[  ]	(b) 	 not an individual but is a corporation, partnership,
        trust, fund, association or any other organized group of persons that
        was not created solely, nor used primarily, to permit a group of individuals
        to purchase securities without a prospectus which will have an aggregate
        acquisition cost of purchasing the Units of not less than $150,000.

- 5 -

                         Dated
at __________, __________, on this _____day of __________, 200__.

	 	 	 
	Name of Subscriber - please print 	 	Subscriber’s Address 
	  	 	  
	  	 	  
	By: __________________________________________	 	 
    
	Official Capacity or Title - please print 	 	  
	  	 	  
	  	 	  
	  	 	  
	Signature of Subscriber 	 	Subscriber’s Telephone Number 
	  	 	  
	  	 	  
	  	 	  
	Please print name of individual whose 	 	Subscriber’s Facsimile Number 
	signature appears above if different than 	 	  
	the name of the Subscriber printed above 	 	 
    
	  	 	Subscriber’s E-mail address
  

__________

Appendix “II”

TO THE SEED CAPITAL UNIT PRIVATE PLACEMENT
SUBSCRIPTION 
AGREEMENT OF SILICA RESOURCES
CORPORATION

SUBSCRIBER’S SUITABILITY QUESTIONNAIRE

                         In
addition to the covenants, representations and warranties contained in the “Seed
Capital Unit Private Placement Subscription Agreement” of the Company, to which
this Appendix “II” – “Subscriber’s Suitability Questionnaire” is
attached, the undersigned Subscriber covenants, represents and warrants to the
Company as follows.

                         Name
  of Subscriber: _________________________ . 

                         Instructions:
  This “Subscriber’s Suitability Questionnaire” (the “Questionnaire”)
  is being provided to each potential subscriber (each a “Subscriber”)
  who has indicated an interest in purchasing “Units” in the
  capital stock of Silica Resources Corporation, a Nevada corporation (the “Company”).
  The purpose of this Questionnaire is, in part, to allow the Company to have
  complete information about the Subscriber and, in addition, to assure the Company
  that it may rely on, if applicable, the exemption from the registration requirements
  under the United States Securities Act of 1933, as amended (the “U.S.
  Act”), afforded by Section 4(2) of the U.S. Act and “Rule 501”
  and “Rule 506” of “Regulation D” promulgated thereunder
  (the “Regulation”). The Regulation requires that, in order
  for an issuer, such as the Company, of securities, such as the Units, to rely
  on the exemption afforded thereby, the Company may only sell the Units to “Accredited
  Investors”. Eligibility is determined, among other things, by the ability
  of the Subscriber either alone or with his representative to evaluate the merits
  and risks of an investment in the Units, based on his knowledge and experience
  in financial and business matters, or by certain financial criteria.

                         If
the answer to any question is “None” or “Not Applicable” please so state. If you
are acting as agent for a corporation, partnership, trust or other entity, any
reference to the term “you” shall mean such corporation, partnership,
trust or other entity.

                         Your
answers will at all times be kept strictly confidential. However, by signing
this Questionnaire the Subscriber agrees that the Company may present this
Questionnaire to such parties as may be appropriate if called upon to verify the
information provided or to establish the availability of an exemption from
registration of the private placement under the federal or state securities laws
or if the contents are relevant to issue in any action, suit or proceeding to
which the Company is a party or by which it is or may be bound. A false
statement by the Subscriber may constitute a violation of law, for which a claim
for damages may be made against the Subscriber and, if applicable, its
representative. Otherwise, your answers to this Questionnaire will be kept
strictly confidential.

                         This
Questionnaire does not constitute an offer of Units by the Company, but is
merely a request for information.

- 2 -

                         Please
complete the following Questionnaire fully, attaching additional sheets if
necessary.

1.                     Individuals

                         Please
complete the following information if you are investing as an individual or
jointly with another individual: 

Name:
_____________________________________________________________________________.

Spouse’s full name, if jointly held:
________________________________________________________. 

Date of birth:
________________________________________________________________________. 

Citizenship:
_________________________________________________________________________. 

Permanent home address:
______________________________________________________________. 

Marital status:
______________________________________________________________________. 

Address for notices:
__________________________________________________________________. 

Home telephone number:
_______________________________________________________________. 

Business telephone number:
____________________________________________________________. 

Social security or tax identification
number: _________________________________________________. 

Occupation or profession:
______________________________________________________________. 

Are you purchasing Units for your own
account?

Yes 
___________           No 
___________

If you are not purchasing Units for
your own account, please complete the following:

	 	(a) 	capacity in which you are purchasing Units
      (e.g.,: agent, representative, administrator, trustee, etc.) 
	 	  	
	 	 	.
	 	  	
	 	(b) 	name, address and home and business telephone
      numbers of person(s) you represent: 
	 	  	
	 	 	 
	 	  	.

- 3 -

	 	(c) 	
      Please attach evidence of authority authorizing you to
      represent each person.

  	2. 	Corporations and other entities 	 
	 	 	 
	  	Please complete the following information if you
        are investing as a corporation, partnership, trust or other entity: 
			 
	  	Name and address of entity: 	 
	 	 	 
	  	  	 
	  	State and year of organization: 	 
	 	 	 
	  	  	 
	  	Employer identification number: 	 
	 	 	 
	  	Business activities: 	 
	 	 	 

		(a) 	Has the corporation, partnership, trust or other
      entity been formed for the specific purpose of purchasing Units? 
	 	  	  	  
	 	  	Yes ______________
	No ______________

	 	  	  	  
		(b) 	Does the corporation, partnership,
        trust or other entity have total assets in excess of $5,000,000? 

	 	  	  	  
	 	  	Yes ______________
	No ______________

	 	  	  	  
		(c) 	Has the corporation, partnership,
        trust or other entity been in existence for less than 90 days prior to
        the date hereof? 

	 	  	  	  
	 	  	Yes ______________
	No ______________

	 	  	  	  
		(d) 	Indicate the number of shareholders,
        partners, beneficiaries or other holders of beneficial interest of the
        corporation, partnership, trust or other entity: ____________________________
        . 

	 	  	  	  
		(e) 	Does the Subscriber, any relative,
        spouse or relative of the Subscriber who has the same residence as the
        Subscriber and any trust or estate described in question “(f)”
        immediately hereinbelow collectively hold more than 50% of the equity
        securities (excluding directors’ qualifying shares) or equity interests
        of the investing corporation, partnership or other entity? 

	 	  	  	  
	 	  	Yes ______________
	No ______________

	 	  	  	  
		(f) 	Do the Subscriber and the persons
        and entities specified in question “(e)” immediately hereinabove
        above collectively hold more than 50% of the beneficial interest (excluding
        contingent interests) of the investing trust or estate? 

- 4 -

Yes ______________     No 
______________

	3. 	 All subscribers 
	 
	  	 	 	 
	 

	  	 Please answer each of the following
        questions: 

	  	 	 	 
	 

	  	 For purposes of this Questionnaire
        the following definitions shall apply: 

	  	 	 	 
	 

			(i) 	 “income” shall
        mean adjusted gross income as reported for federal tax purposes reduced
        by (a) any deduction for long term capital gain, (b) any deduction for
        depletion, (c) any exclusion for interest and (d) any losses allocated
        to purchaser as an individual; and 

	  	 	 	 
	 

			(ii) 	 “net worth”
        shall mean the total assets in excess of liabilities, as determined in
        accordance with generally accepted accounting principles, except that
        if any such assets have been depreciated, then the amount of the depreciation
        regarding any particular asset may be added to the depreciated cost of
        that asset to determine total assets; provided, however, that the amount
        of any such depreciation may be added only to the extent that the amount
        resulting after adding such depreciation does not exceed the fair market
        value of that asset. 

	  	 	 	 
	 

		(a) 	 Is your net worth, excluding
        the value of your principal residence, home furnishings and automobiles,
        more than $200,000? 

	  	 	 	 
	 

	  	 	 Yes ______________
	 No ______________

	  	 	 	 
	 

		(b) 	 Is your net worth, jointly with
        your spouse and inclusive of the value of your principal residence, home
        furnishings and automobiles, at least $1,000,000? 

	  	 	 	 
	 

	  	 	 Yes ______________
	 No ______________

	  	 	 	 
	 

		(c) 	 If you are purchasing Units as
        an individual, has your income from all sources exceeded $200,000 in each
        of the two years preceding the date you will sign this Questionnaire?
      

	  	 	 	 
	 

	  	 	 Yes ______________
	 No ______________

	  	 	 	 
	 

		(d) 	 If you are purchasing Units as
        an individual, did you and your spouse have joint income from all sources
        exceeding $300,000 in each of the two years preceding the date you will
        sign this Questionnaire? 

	  	 	 	 
	 

	  	 	 Yes ______________
	 No ______________

	  	 	 	 
	 

		(e) 	 If you are purchasing Units as
        an individual and have had income from all sources of $200,000 for each
        of the two years preceding the date you will sign this Questionnaire,
        or you and your spouse have had joint income of $300,000 for each of the
        two years preceding the date you will sign this 

- 5 -

			Questionnaire, do you reasonably expect your joint
      income from all sources to be equal to or exceed such amounts for the current
      year? 
	 	 	 	 	 
	 	  	Yes ______________	No ______________
	 	 	 	 	 
		(f) 	As a non-accredited investor, you have an individual
      or joint income in the prior two years and a projected income for the current
      year as follows: 
	 	 	 	 	 
	 	  	2002 $__________; 2003 $__________; 2004 $__________
    
	 	 	 	 	 
	 	(g) 	Do you anticipate that your current amount of income
      will change in the foreseeable future? 
	 	  	 		
	 	  	Yes ______________	No ______________
	 	 	 	 	 
	 	  	If so, when, why and to what amount will that income
      change?: 
	 	 	 _______________________________________________________________________________
	 	  	 _______________________________________________________________________________.
	 	  	 	  	  
	 	(h) 	Does your proposed purchase of Units exceed: 
	 	 	 	 	 
				____ 10% of your net worth (excluding home, furnishings
      and automobiles)? 
	 	 	 	 	 
				____ 20% of your net worth (excluding home, furnishings
      and automobiles)? 
	 	 	 	 	 
		(i) 	Do you have a prior close business or personal
      relationship with the Company or any of its officers, directors or principal
      (10% or more) shareholders? 
	 	 	 	 	 
	 	  	Yes ______________	No ______________
	 	 	 	 	 
	 	  	If “Yes,” please describe the nature
      of the relationship: 
	 	 	 _______________________________________________________________________________
	 	  	 _______________________________________________________________________________.
	 	  	 	  	  
		(j) 	Are you aware that the proposed offering of Units
      is intended to be a long- term investment? 
	 	 	 	 	 
	 	  	Yes ______________	No ______________
	 	 	 	 	 
		(k) 	 Please indicate the general,
        business or professional education and degrees received by you (or, if
        the Subscriber is a corporation, partnership, trust or other entity, by
        the person completing this Questionnaire on its behalf). 

    
	 	 	 	 	 
	 	  	School                                          
                 Degree                                                    
      Year Received 
	 	 	     

- 6 -

  	   	 	 _______________________________________________________________________________
	 	  	 _______________________________________________________________________________.
	 	(l) 	Investment experience: 
	 	 	 	 	 	 
	 	  	(i) 	Frequency of investment in market securities: 
	 	 	 	 	 	 
	 	  	Often ____________    Occasionally
        ____________    Seldom ____________    Never
        ____________
	 	 	 	 	 	 
	 	  	(ii) 	Frequency of investment in commodities futures:
      
	 	 	 	 	 	 
	 	  	Often ____________    Occasionally
        ____________    Seldom ____________    Never
        ____________
	 	 	 	 	 	 
	 	  	(iii) 	Frequency of investment in options: 
	 	 	 	 	 	 
	 	  	Often ____________    Occasionally
        ____________    Seldom ____________    Never
        ____________
	 	 	 	 	 	 
	 	  	(iv) 	Frequency of investment in options: 	 	  
	 	 	 	 	 	 
	 	  	Often ____________    Occasionally
        ____________    Seldom ____________    Never
        ____________
	 	 	 	 	 	 
	 	  	(v) 	Frequency of investment in securities purchased
        on margin: 
	 	 	 	 	 	 
	 	  	Often ____________    Occasionally
        ____________    Seldom ____________    Never
        ____________
	 	 	 	 	 	 
	 	  	(vi) Have you purchased securities sold in reliance
        on the private 
	 	  	 offering exemptions from registration pursuant
        to the U.S. Act or 
	 	  	 any state laws during the past three years?
      
	 	 	 	 	 	 
	 	  	 Yes ______________	No ______________	  
	 	 	 	 	 	 
	 	  	 If you answered “Yes,” please provide
        the following information: 
	 	 	 	 	 	 
	 	  	  	Nature of 	Business 	Total amount 
	 	  	Year 	Security 	of issuer 	invested 
	 	  	  	  	  	  
	 	  	 _______________________________________________________________________________
	 	 	 _______________________________________________________________________________
	 	 	 _______________________________________________________________________________.
	 	 	 	 	 	 
		(m) 	Please describe your principal business activities
        (or the business activities of the corporation, partnership, trust or
        entity) during the past five years: 
	 	 	 _______________________________________________________________________________
	 	 	 _______________________________________________________________________________.
	 	  	  	  	  	
	 	 	 	 	 	 
	 	(n) 	Have you previously invested in a development stage
        company? 
	 	 	 	 	 	 
	 	  	Yes ______________	No ______________	  

- 7 -

	  	(o) 	 Do you believe you have sufficient
        knowledge and experience in financial and business affairs that you can
        evaluate the merits and risks of a purchase of Units? 

	 	  	 
	 
	 

	 	  	 Yes ______________
	 No ______________

	 	  	 
	 
	 

		(p) 	 Do you believe you have sufficient
        knowledge of investments in general, and investments similar to a purchase
        of Units in particular, to evaluate the risks associated with a purchase
        of Units? 

	 	  	 
	 
	 

	 	  		 Yes ______________
	 No ______________

	 	  	 
	 
	 

	 	(q) 	 
	 
	 

			 (1) 
	 In evaluating the merits and risks
        of this investment, do you intend to rely upon the advice of a representative
        (the “Representative”)? 

	 	  	 
	 
	 

	 	  	 
	 Yes ______________
	 No ______________

	 	  	 
	 
	 

				 If you answered “Yes,”
        please identify such person and indicate his or her business address and
        telephone number. Any person offering such advice must complete and return
        one copy of the “Subscriber’s Representative Questionnaire”
        which immediately follows this Questionnaire. 

	 	  	 
	 
	 

	 	 	 	 _______________________________________________________________________________
	 	  	 
	_______________________________________________________________________________
	 	  	 
	_______________________________________________________________________________.
	 	  	 
	 
	 

			 (2) 
	 You hereby acknowledge that the
        Representative identified above, if any, may receive a sales commission
        or other compensation in connection with your purchase of Units (if permitted
        by state and federal securities laws), and that you have been informed
        that you will receive written notification of such amounts to be paid
        before acceptance of this subscription. 

	 	  	 
	 
	 

		(r) 	 Will any of the money you will
        use to purchase the Units be borrowed from lenders outside of the United
        States of America? 

	 	  	 
	 
	 

	 	  	 Yes ______________
	 No ______________

	 	  	 
	 
	 

		(s) 	 Do you understand that there will
        be substantial restrictions on your ability to resell any Units you purchase
        and that, in any event, you will not be able to resell any Units purchased
        unless an exemption from registration or qualification is available pursuant
        to the U.S. Act and the securities laws of the various states and other
        appropriate jurisdictions. 

	 	  	 
	 
	 

	 	  	 Yes ______________
	 No ______________

                         You
hereby acknowledge that the foregoing statements are true and accurate to the
best of your information and belief and that you will promptly notify the
Company of any changes in the foregoing answers. You further acknowledge that
you 

- 8 -

have requested and hereby authorize the individual named in
question “(p)” hereinabove, if any, to act as your Representative in connection
with the evaluation of the merits and risks of a prospective purchase of Units
by you (or the purchasing corporation, partnership, trust or other entity) and
you have read and understood the Subscriber’s Representative Questionnaire
delivered to you herewith.

                         Dated
at __________, __________, on this _____day of __________, 200__.

	 	 	 
	Name of Subscriber - please print 	 	Subscriber’s Address 
	  	 	  
	  	 	  
	By: _________________________________________	 	 
    
	Official Capacity or Title - please print 	 	  
	  	 	  
	  	 	  
	  	 	  
	Subscriber’s Signature 	 	Subscriber’s Telephone Number 
	  	 	  
	  	 	  
	  	 	  
	Please print name of individual whose 	 	Subscriber’s Facsimile Number 
	signature appears above if different than 	 	  
	the name of the Subscriber printed above 	 	 
    
	  	 	Subscriber’s E-mail address
  

Appendix “III”

TO THE SEED CAPITAL UNIT PRIVATE PLACEMENT
SUBSCRIPTION 
AGREEMENT OF SILICA RESOURCES
CORPORATION

SUBSCRIBER’S REPRESENTATIVE QUESTIONNAIRE

                         In
addition to the covenants, representations and warranties contained in the “Seed
Capital Unit Private Placement Subscription Agreement” of the Company, to which
this Appendix “III” – “Subscriber’s Representative Questionnaire” is
attached, the undersigned Subscriber and its Representative covenants,
represents and warrants to the Company as follows.

                         Name
  of Subscriber: _________________________ . 

                      
   Instructions: This “Subscriber’s Representative Questionnaire”
  (the “Questionnaire”) is being sent to each potential subscriber
  who has indicated an interest in purchasing “Units” in the
  capital stock of Silica Resources Corporation, a Nevada corporation (the “Company”).
  The purpose of this Questionnaire is, in part, to allow the Company to have
  complete information about the subscriber and, in addition, to assure the Company
  that it may rely on, if applicable, the exemption from the registration requirements
  under the United States Securities Act of 1933, as amended (the “U.S.
  Act”) afforded by “Regulation D” promulgated thereunder (the
  “Regulation”). The Regulation requires that, in order for an
  issuer, such as the Company, of securities, such as the Units, to rely on the
  exemption afforded thereby, the Company may only sell the Units to “Accredited
  Investors”. Eligibility is determined, among other things, by the ability
  of the Subscriber either alone or with his representative (herein the “Representative”)
  to evaluate the merits and risks of an investment in the Units, based on his
  knowledge and experience in financial and business matters, or by certain financial
  criteria.

                         If
the answer to any question is “None” or “Not Applicable” please so state.

                         Your
answers will at all times be kept strictly confidential. However, by signing
this Questionnaire, the Representative agrees that the Company may present this
Questionnaire to such parties as may be appropriate if called upon to verify the
information provided or to establish the availability of an exemption from
registration of the private placement under the federal or state securities laws
or if the contents are relevant to issue in any action, suit or proceeding to
which the Company is a party or by which it is or may be bound. A false
statement by the Representative may constitute a violation of law, for which a
claim for damages may be made against the Representative and, if applicable, the
Subscriber.

                         This
Questionnaire does not constitute an offer of Units by the Company, but is
merely a request for information.

                         Please
  complete the following Questionnaire fully, attaching additional sheets if necessary.

- 2 -

	1. 	 Name: 
	. 
	  	 Age: 
	. 
	  	 Business Address: 
	
	  	 
	. 
	  	 Telephone Number: 
	. 
	  	 
	
	2. 	 Present occupation or position,
        indicating period of such practice or employment and field of professional
        specialization, if any: 

	  	 	 
	  	  
	 
	  	 	 
	  	 
	 

	3. 	 List any business or professional
        education, including degrees received, if any. 

	  	  
	 
	  	  
	 
	  	  
	 
	  	 
	 

	4. 	 Have you had prior experience in
        advising clients with respect to investments of this type? 

	  	 
	 

	  	 Yes ______________
	 No ______________

	  	 
	 

	5. 	 List any professional licenses
        or registrations, including bar admissions, accounting certifications,
        real estate brokerage licenses, and SEC or state broker-dealer registrations
        held by you. 

	  	  
	 
	  		
	  	 	 
	  	 
	 

	6. 	 Describe generally any business,
        financial or investment experience that would help you to evaluate the
        merits and risks of this investment. 

	  	  
	 
	  		
	  	 	 
	  	 
	 

	7. 	 State how long you have known the
        Subscriber and in what capacity. 

	  	  
	 
	  	  
	 
	  	 	 
	  	 
	  
	8. 	 Except as set forth in subparagraph
        (a) below, neither I nor any of my affiliates have any material relationship
        with the above-noted Company, its directors, officers, shareholders or
        attorneys; no such material relationship has existed at any time during
        the previous two years; and no such material relationship is mutually
        understood to be contemplated. 

	  	  	  
	  	(a)      __________________________________________________________________________________
	  	          _______________________________________________________________________________________.
                     
    

- 3 -

		
      (b) 
	
      If a material relationship is disclosed in subparagraph
      (a) above, indicate the amount of compensation received as a result of
      such relationship. 

	 	  	  
	 	  	 ____________________________________________________________________________________
	 	  	 ____________________________________________________________________________________.

9.                     In
advising the Subscriber in connection with Subscriber’s prospective investment
in the Company, I will be relying in part on the Subscriber’s own experience in
certain areas.

                         Yes 
_____________      No  _____________

10.                    
In advising the Subscriber in connection with the Subscriber’s prospective
investment in the Company, I will be relying in part on the expertise of an
additional representative or representatives.

                         Yes 
_____________      No  _____________

                         If
“Yes,” give the name and address of such additional representative or
representatives.

                         ____________________________________________________________________________________
                         ____________________________________________________________________________________.

                         I
understand that the Company will be relying on the accuracy and completeness of
my responses to the foregoing questions, and I represent and warrant to the
Company as follows:

	 	(a) 	
      I am acting as Representative for the Subscriber in
      connection with the Subscriber’s prospective investment in the
    Company;

	 	 	 
	 	(b) 	
      the answers to the above questions are complete and
      correct and may be relied upon by the Company in determining whether the
      offering in connection with which I have executed this Questionnaire is
      exempt from registration under the U.S. Act pursuant to the Regulation or
      otherwise;

	 	 	 
	 	(c) 	
      I will notify the Company immediately of any change in
      any statement made herein occurring prior to the closing of any purchase
      by the Subscriber of an interest in the proposed investment;

	 	 	 
	 	(d) 	
      I am not an affiliate, director, officer or other
      employee of the Company or any of its subsidiaries or affiliates or a
      beneficial owner of 10% or more of any class of the equity securities of
      the Company or any of its subsidiaries or affiliates;

	 	 	 
	 	(e) 	
      I have disclosed to the Subscriber in writing, prior to
      the Subscriber’s acknowledgment of me as his/her Representative, any
      material relationship with the Company or its affiliates disclosed in
      answer to Question 8 above; and

- 4 -

	 	(f) 	
      I personally (or together with the Subscriber or the
      additional representative or representatives indicated above) have such
      knowledge and experience in financial and business matters that I am
      capable of evaluating the merits and risks of the Subscriber’s prospective
      investment in the Company.

                         Dated
at __________, __________, on this _____day of __________, 200__.

	 	 
	 	Name of Representative - please print
    
	 	 
	 	 
	 	 
	 	Signature of Representative
  

End of Seed Capital Unit Private Placement Subscription
Agreement

__________Filed by Automated Filing Services Inc. (604) 609-0244 - Silica Resources Corporation - Exhibit 10.2

Exhibit 10.2

	
      __________

       

       

       

	 
	 
	
      PLACER LEASES ACQUISITION AGREEMENT
      

	  
	  
	  
	
       

         

      Between: 

       

	 
	
      KARL GRUBER JR. 

         

         

	  
	And: 
	 
	
      SILICA RESOURCES CORPORATION 

         

         

	  
	  
	  
	Silica Resources Corporation
  
	Suite 37B3, 1410 Parkway Boulevard,
      Coquitlam, British Columbia, Canada, V3E 3K9
  
__________

-- Placer Leases Acquisition Agreement --
-- Silica
Resources Corporation --

PLACER LEASES ACQUISITION
AGREEMENT

                    THIS
PLACER LEASES ACQUISITION AGREEMENT (the “Agreement”) is made and
entered into to be effective as of the 15th day of March, 2006 (the
“Effective Date”).

BETWEEN:

  
    
      KARL GRUBER, JR., Business Manager, of
        Lunaco Ltd., having an address for notice and delivery located at P.O.
        Box 20072, Whitehorse, Yukon Territory, Canada, Y1A 7A2 (the “Transferor”);

    

  

OF THE FIRST PART 

AND: 

  
    
      SILICA RESOURCES CORPORATION, a company incorporated
        under the laws of the State of Nevada, U.S.A., and having an address for
        notice and delivery located at Suite 37B3, 1410 Parkway Boulevard, Coquitlam,
        British Columbia, Canada, V3E 3K9 (the “Transferee”);

    

  

OF THE SECOND PART

  
    
      (the Transferor and the Transferee being hereinafter
        singularly also referred to as a “Party” and collectively
        referred to as the “Parties” as the context so requires).

    

  

WHEREAS:

A.                     The
Transferor is the legal, beneficial and registered owner of a 100% undivided
interest in and to certain placer leases which are located on the baseline of
Sydney Creek in the Whitehorse Mining Division of the Yukon Territory
(collectively, the “Placer Leases”); and which Placer Leases are more
particularly described in Schedule “A” which is attached hereto and which forms
a material part hereof; 

B.                     The
Transferee is a non-reporting company principally involved in the business of
acquiring, exploring and developing mineral resource properties of merit; 

C.                     As
a consequence of certain recent discussions as between the Transferor and the
Transferee the Transferor has agreed to sell to the Transferee, and the
Transferee has agreed to purchase from the Transferor, a 100% legal, beneficial
and registerable interest in and to all of the mineral property interests
comprising the Placer Leases in consideration of the cash payment and share
issuance by the Transferee to the Transferor (collectively, the “Purchase
Price”) as set forth in this Agreement; and 

D.                     As
a consequence of the proposed and within payment and delivery of the Purchase
Price by the Transferee to the Transferor the Transferor has hereby agreed to
transfer to the Transferee a 100% legal, beneficial and registerable interest in
and to all of the mineral property interests comprising the Placer Leases
(collectively, the “Transfer”) in accordance with the terms and
conditions of this Agreement;

- 2 -

                         NOW
THEREFORE THIS AGREEMENT WITNESSETH that, in consideration of the prior
payment and delivery by the Transferee to the Transferor of the Purchase Price
herein; the due and complete receipt and sufficiency of which being hereby
acknowledged by the Transferor; together with the other mutual promises,
covenants and agreements herein contained, THE PARTIES HERETO COVENANT AND
AGREE WITH EACH OTHER as follows:

Article 1
TRANSFER AND REPRESENTATIONS BY
THE TRANSFEROR

1.1                Transfer
of the Placer Leases and the Purchase Price therefore. In consideration
of the prior payment and delivery of the following Purchase Price by the
Transferee to the Transferor:

	 	(a) 	
      the repayment by the Transferee to the order and
      direction of the Transferor of all staking and Placer Lease application
      costs to the Whitehorse Mining District of the Yukon Territory which were
      incurred by the Transferor in acquiring the subject Placer Leases;
    and

	 	 	 
	 	(b) 	
      the issuance by the Transferee to the order and direction
      of the Transferor of an aggregate of 6,000 common shares of the Transferee
      (each a “Share”), at a deemed issuance price of U.S. $0.05 per
      Share;

the due and complete receipt and sufficiency of which being
hereby acknowledged by the Transferor; the Transferor hereby assigns and
transfers to the Transferee a 100% legal, beneficial and registerable interest
in and to all of the mineral property interests comprising the Placer
Leases.

1.2                     Representations,
warranties and covenants by the Transferor respecting the
Placer Leases. In order to induce the Transferee to enter into
and consummate this Agreement and to provide the Purchase Price to the
Transferor and to accept the Transfer, the Transferor hereby represents to,
warrants to and covenants with the Transferee, with the intent that the
Transferee will rely thereon in entering into this Agreement and in concluding
the transactions contemplated herein, that, to the best of the knowledge,
information and belief of the Transferor, after having made due inquiry:

	 	(a) 	
      the Transferor has the requisite power, authority and
      capacity to fulfill the Transferor’s obligations under this
    Agreement;

	 	 	 
	 	(b) 	
      this Agreement constitutes a legal, valid and binding
      obligation of the Transferor enforceable against the Transferor in
      accordance with its terms, except as enforcement may be limited by laws of
      general application affecting the rights of creditors;

	 	 	 
	 	(c) 	
      there are no consents, approvals or conditions precedent
      to the performance of this Agreement and the completion of the Transfer by
      the Transferor;

	 	 	 
	 	(d) 	
      the Transferor is not in breach of any laws, ordinances,
      statutes, regulations, by- laws, orders or decrees to which the Transferor
      is subject or which apply to the Transferor;

- 3 -

	 	(e) 	
      the Transferor is not in breach of any provision or
      condition of, nor has the Transferor done or omitted to do anything that,
      with or without the giving of notice or lapse or both, would constitute a
      breach of any provision or condition of, or give rise to any right to
      terminate or cancel or accelerate the maturity of any payment under, any
      deed of trust, contract, certificate, consent, permit, license or other
      instrument to which the Transferor is a party, by which the Transferor is
      bound or from which the Transferor derives benefit, any judgment, decree,
      order, rule or regulation of any court or governmental authority to which
      the Transferor is subject, or any statute or regulation applicable to the
      Transferor, to an extent that, in the aggregate, has a material adverse
      affect on the Transferor or on any of the mineral property interests
      comprising the Placer Leases;

	 	 	 
	 	(f) 	
      the Transferor is the legal, beneficial and registered
      owner of all of the mineral property interests comprising the Placer
      Leases; the particulars of which Placer Leases being more particularly
      described in Schedule “A” which is attached hereto;

	 	 	 
	 	(g) 	
      the Transferor holds all of the mineral property
      interests comprising the Placer Leases free and clear of all liens,
      charges and claims of others;

	 	 	 
	 	(h) 	
      no other person, firm or corporation has any written or
      oral agreement, option, understanding or commitment, or any right or
      privilege capable of becoming an agreement, for the purchase from the
      Transferor of any interest in and to any of the mineral property interests
      comprising the Placer Leases;

	 	 	 
	 	(i) 	
      there are no outstanding orders or directions relating to
      environmental matters requiring any work, repairs, construction or capital
      expenditures with respect to any of the mineral property interests
      comprising Placer Leases and the conduct of the operations related
      thereto, nor has the Transferor received any notice of same; and, in
      addition, all land maintenance fees to the Effective Date of this
      Agreement for the Placer Leases have been paid by the
Transferor;

	 	 	 
	 	(j) 	
      there is no adverse claim or challenge against or to the
      ownership of or title to any of the mineral property interests comprising
      the Placer Leases or which may impede their development, nor, to the best
      of the knowledge, information and belief of the Transferor, after having
      made due inquiry, is there any basis for any potential claim or challenge,
      and, to the best of the knowledge, information and belief of the
      Transferor, after having made due inquiry, no person has any royalty, net
      profits or other interests whatsoever in any production from any of the
      mineral property interests comprising the Placer Leases;

	 	 	 
	 	(k) 	
      there are no actions, suits, proceedings or
      investigations (whether or not purportedly against or on behalf of the
      Transferor), pending or threatened, which may affect, without limitation,
      the right of the Transferor to Transfer any interest in and to the mineral
      property interests comprising the Placer Leases to the Transferee at law
      or in equity, or before or by any federal, state, provincial, municipal or
      other governmental department, commission, board, bureau, agency or
      instrumentality, domestic or foreign, and, without limitation, there are
      no claims or potential claims under any relevant family relations
      legislation or other equivalent legislation affecting any of the mineral
      property interests comprising the Placer Leases. In addition, the
      Transferor is not now aware of any existing ground on which any such
      action, suit or proceeding might be commenced with any reasonable
      likelihood of success; and

- 4 -

	 	(l) 	
      the Transferor is not aware of any fact or circumstance
      which has not been disclosed to the Transferee which should be disclosed
      in order to prevent the representations and warranties contained in this
      section from being misleading or which would likely affect the decision of
      the Transferee to enter into this Agreement.

                         The
Transferor understands that the Transferee will rely on the representations,
warranties and covenants contained in this Agreement in determining whether the
within Transfer of the Placer Leases is in compliance with all applicable laws.
The Transferor hereby agrees to indemnify the Transferee and hold the Transferee
harmless from and against any and all liability, damage, cost or expense
(including reasonable attorney’s fees) incurred on account of or arising out of:
(i) any inaccuracy in the representations, warranties or covenants set forth in
this Agreement; (ii) any suit or proceeding based upon the claim that such
representations, warranties or covenants were inaccurate or misleading or
otherwise cause for obtaining damages or redress from the Transferee or its
affiliates; and (iii) its failure to fulfill any or all of its obligations
herein. The Transferor undertakes to notify the Transferee immediately of any
change in any representation, warranty, covenant or other information relating
to the Transferor as set forth in this Agreement.

Article 2 
GENERAL PROVISIONS

2.1                    
Entire agreement. This Agreement constitutes the entire agreement
to date between the Parties hereto and supersedes every previous agreement,
communication, expectation, negotiation, representation or understanding,
whether oral or written, express or implied, statutory or otherwise, between the
Parties with respect to the subject matter of this Agreement.

2.2                    
Enurement. This Agreement will enure to the benefit of and will be
binding upon the Parties hereto, their respective heirs, executors,
administrators and assigns.

2.3                     Notice.
Each notice, demand or other communication required or permitted to be given
under this Agreement shall be in writing and shall be sent by prepaid registered
mail deposited in a post office addressed to the Party entitled to receive the
same, or delivered to such Party, at the address for such Party specified above.
The date of receipt of such notice, demand or other communication shall be the
date of delivery thereof if delivered, or, if given by registered mail as
aforesaid, shall be deemed conclusively to be the third calendar day after the
same shall have been so mailed, except in the case of interruption of postal
services for any reason whatsoever, in which case the date of receipt shall be
the date on which the notice, demand or other communication is actually received
by the addressee. Either Party may at any time and from time to time notify the
other Party in writing of a change of address and the new address to which
notice shall be given to it thereafter until further change.

2.4                     Applicable
law. The situs of this Agreement is Vancouver, British Columbia, Canada,
and for all purposes this Agreement will be governed exclusively by and
construed and enforced in accordance with the laws and Courts prevailing in the
Province of British Columbia, Canada, and the federal laws of Canada applicable
therein.

2.5                    
Representation and costs. It is hereby acknowledged by each of the
Parties hereto that, as between the Parties herein, Lang Michener LLP acts
solely for the Transferee, and that the Transferor has been advised by each of
Lang Michener LLP and the Transferee to obtain independent legal advice with
respect to the Transferor’s review and execution of this Agreement. In addition,
it is hereby further acknowledged and agreed by the Parties hereto that 

- 5 -

each Party to this Agreement will bear and pay its own costs,
legal and otherwise, in connection with its respective preparation, review and
execution of this Agreement and, in particular, that the costs involved in the
preparation of this Agreement, and all documentation necessarily incidental
thereto, by Lang Michener LLP shall be at the cost of the Transferee.

2.6                    
Further assurances. The Parties hereto hereby, jointly and
severally, covenant and agree to forthwith, upon request, execute and deliver,
or cause to be executed and delivered, such further and other deeds, documents,
assurances and instructions as may be required by the Parties hereto in order to
carry out the true nature and intent of this Agreement.

2.7                    
Severability and construction. Each Article, section, paragraph,
term and provision of this Agreement, and any portion thereof, shall be
considered severable, and if, for any reason, any portion of this Agreement is
determined to be invalid, contrary to or in conflict with any applicable present
or future law, rule or regulation in a final unappealable ruling issued by any
court, agency or tribunal with valid jurisdiction in a proceeding to any of the
Parties hereto is a party, that ruling shall not impair the operation of, or
have any other effect upon, such other portions of this Agreement as may remain
otherwise intelligible (all of which shall remain binding on the Parties and
continue to be given full force and agreement as of the date upon which the
ruling becomes final).

2.8                     Captions.
The captions, section numbers, Article numbers and Schedule numbers appearing in
this Agreement are inserted for convenience of reference only and shall in no
way define, limit, construe or describe the scope or intent of this Agreement
nor in any way affect this Agreement.

2.9                     Counterparts.
This Agreement may be signed by the Parties hereto in as many counterparts as
may be necessary, and via facsimile if necessary, each of which so signed being
deemed to be an original and such counterparts together constituting one and the
same instrument and, notwithstanding the date of execution, being deemed to bear
the Effective Date as set forth on the front page of this Agreement.

2.10                    
No partnership or agency. The Parties hereto have not created a
partnership and nothing contained in this Agreement shall in any manner
whatsoever constitute any Party the partner, agent or legal representative of
any other Party, nor create any fiduciary relationship between them for any
purpose whatsoever. No Party shall have any authority to act for, or to assume
any obligations or responsibility on behalf of, any other party except as may
be, from time to time, agreed upon in writing between the Parties or as
otherwise expressly provided.

                         IN
WITNESS WHEREOF each of the Parties hereto has hereunto set its common
seal by the hand of its duly authorized signatory as of the Effective Date as
set forth on the front page of this Agreement.

- 6 -

	SIGNED, SEALED and DELIVERED by 	)	  
	KARL GRUBER JR., 	)	  
	the Transferor herein, in the presence of: 	)	  
		)	 
	 	)	 
	  	)	 
	Witness Signature 	) 	“Karl Gruber” 
	  	) 	KARL GRUBER
      JR. 
		) 	 
	Witness Address 	) 	  
		)	 
		)	 
	Witness Name and Occupation 	) 	  
	  	  	  
	The COMMON SEAL of 	) 	  
	SILICA RESOURCES CORPORATION,	)	  
	the Transferee herein, 	) 	  
	was hereunto affixed in the presence of: 	) 	(C/S) 
		)	 
	“Jamie
      Oei” 	) 	  
	Authorized Signatory 	) 	  

__________

Schedule A

                         This
is Schedule “A” to that certain Placer Leases Acquisition Agreement between Karl
Gruber Jr. and Silica Resources Corporation.

Placer Leases transferred from the Transferor to the
Transferee

Placer leases located in the following portions of Sydney
Creek in the Whitehorse Mining 
Division of the Yukon Territory:

Post 1 GPS Reading 60 48 17.7 x 133 09 21.0 
Post 2 GPS
Reading 60 50 42.3 x 133 16 45.4 
Post 2 approximately 1 mile downstream of
Iron Creek on the baseline of Sydney Creek 
Post 1 5 miles downstream from
Post 2 
__________

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