Document:

Exhibit 10.2

                            LEASE PURCHASE AGREEMENT

This Lease Purchase Agreement ("Agreement") dated effective June 1, 2009 is made
and entered into by and between Lithium Corp, (a Nevada corporation), ("Buyer")
and an association of mining claimants: Nevada Mining Co., Inc., (a Nevada
Corporation), Robert Craig, Barbara Craig and Elizabeth Dickman (formerly
Elizabeth Craig), (collectively, the "Seller").

This agreement is a lease agreement until final disbursement of stock and
transfer of quitclaim deed from Seller to Buyer.

RECITALS:
A. Seller owns the FL Claim Group, 80 unpatented association placer claims,
situated in T1N and T1S, R36E, MDB&M, Esmeralda County, Nevada, BLM NMC No.
1006701 through 1006780, respectively, see attached Schedule A.

B. Buyer desires to lease and purchase from Seller and Seller desires to lease
and sell to Buyer all of Seller's right, title and interest in and to the
unpatented mining claims subject to this Agreement on the terms and conditions
described below.

Now, therefore, in consideration of their mutual covenants and promises, and
other good and valuable consideration, the receipt and sufficiency of which are
acknowledged, the parties agree as follows:

1. DEFINITIONS.

1.1 "Agreement" means this Lease Purchase Agreement, including all amendments
and modifications, and all schedules and exhibits (each individually an
"Exhibit" and collectively the "Exhibits") attached to and by this reference
incorporated in this Agreement.

1.2 "Buyer" means Lithium Corp, a Nevada corporation, and its successors and/or
assigns.

1.3 "Closing" means the delivery of documents and other items to be delivered by
the parties,  the exchange of final  consideration,  and the consummation of the
transactions contemplated under this Agreement.

1.4 "Closing Date" means the date on which the Closing shall occur. Closing is
defined by the final disbursement of stock to the Seller (individual claimant's
brokerage accounts).

1.5 "Property" means collectively the unpatented mining claims listed in
Schedule A and described as the 80 unpatented association placer mining claims,
the FL Claim Group, situated in Esmeralda County, Nevada, BLM NMC No. 1006701
though 1006780 respectively, and all amendments and relocations of the
unpatented mining claims, and all of Seller's right, title and interest in and
to any assay results, chip trays, core, data, digital data, drill cuttings,
information, imagery, maps, pulps, reports and samples acquired, created,
developed or possessed by Seller concerning the foregoing described unpatented
mining claims.
<PAGE>
Any claims located by Buyer or Seller, over or contiguous to the FL Claim Group,
become subject to this agreement.

1.6 "Seller" means an association of mining claimants: Nevada Mining Co., Inc.,
(a Nevada Corporation), Robert Craig, Barbara Craig and Elizabeth Dickman
(formerly Elizabeth Craig); their successors and/or assigns.

1.7 "$" means United States dollars.

1.8 "Stock" means fully paid and non-assessable restricted common shares in the
capital of the Buyer or it's nominee or successor entity, issued pursuant to
exemptions from registration and prospectus requirements contained in the United
States Securities Act of 1933 and the rules and regulations promulgated
thereunder, which shares shall contain such restrictive legends regarding
applicable hold periods as required by such securities laws.

2. PURCHASE, SALE AND WORK COMMITMENT.

2.1 SALE OF PROPERTY. Subject to all the terms and conditions of this Agreement
and for the consideration described in this Agreement, Seller agrees to sell to
Buyer and Buyer agrees to buy the Property.

2.2 PURCHASE PRICE. The total lease purchase price for the Property shall be
Three Hundred Fifty Thousand Dollars ($350,000.00) worth of Stock. Title will be
transferred by quit claim deed from Seller to Buyer, when Buyer has made final
Stock disbursement.

Stock disbursements will be made quarterly to Seller, 8 disbursements of stock,
$43,750 in stock per disbursement. Buyer will be required to make the 1st stock
disbursement within 10 days of the date this agreement is executed, and within
10 days after the end of each quarter: March 31, June 30, September 30 and
December 31: All disbursements are construed as lease payment; the final is the
purchase payment.

1st Disbursement: Within 10 days after execution of this Lease Purchase
                  Agreement

2nd Disbursement: June 30,  2009 (or within 10 days)

3rd Disbursement: December 31,  2009 (or within 10 days)

4th  Disbursement: March 31,  2010 (or within 10 days)

5th  Disbursement: June 30,  2010 (or within 10 days)

6th Disbursement: September 30,  2010 (or within 10 days)

7th Disbursement: December 30,  2010 (or within 10 days)

                                       2
<PAGE>
8th Disbursement: March 31,  2011 (or within 10 days)

2.3 STOCK VALUATION. The value of the stock will be determined by averaging the
closing price of the stock on the OTC Bulletin Board for the preceding 5 OTC
business days before the end of the quarter. The first disbursement, on written
consent of Seller, may be a negotiated value if stock has not traded.

2.4 STOCK DISBURSEMENT. The Buyer will issue the Stock pro rata to each Seller
of the Seller's association of claimants ($10,937.50):

Nevada Alaska Mining Co., Inc.

Robert Craig

Barbara Anne Craig

Elizabeth Dickman

The Seller each represents that they are currently, and prior to any Stock
issuances shall be, an "accredited" investor as that term is defined in Rule 501
of Regulation D promulgated under the United States Securities Act of 1933, as
amended, and acknowledges and agrees that the Stock will be issued in accordance
with all applicable securities laws and will be subject to hold periods and
restrictions on resale in accordance with applicable securities laws and it is
the Seller's responsibility to determine what those hold periods and
restrictions are before selling or otherwise transferring any Stock.

2.5 WORK COMMITMENT. Buyer will expend $250,000 on the property over the life of
the lease, and Buyer will all pay claim fees which count toward work commitment
expenditure. All new data and information obtained by buyer will be transmitted
bi-annually to Seller.

3. CLOSING.

3.1 CLOSING DATE. The close of this Agreement shall be on or before April 10,
2011, or such other extended date as the parties agree. Buyer, at its election,
exercisable in its sole and exclusive discretion, may accelerate the Closing by
delivering notice and disbursing stock totaling $350,000 to Seller (individual
claimants).

3.2 CLOSING COSTS. Buyer shall pay all expenses, including recording fees and
real property transfer taxes for the recording of the instruments necessary to
convey title to Buyer under this Agreement.

3.3 DELIVERY BY SELLER TO BUYER. On Closing, Seller shall execute and deliver to
Buyer a quitclaim deed conveying title to the Property, a declaration of value
and an affidavit that Seller is not a foreign person. Seller shall also deliver
to Buyer all of the data, information, and samples possessed by Seller
concerning or relating to the Property.

                                       3
<PAGE>
3.4 BUYER'S DELIVERY TO SELLER. On Closing, Buyer shall deliver to Seller the
the final stock disbursement of not less than $43,750.00.

4. SELLER'S COVENANTS, REPRESENTATIONS AND WARRANTIES. Seller represents and
warrants to and in favor of Buyer as of the Effective Date to the Closing Date
as follows:

4.1 AUTHORITY. Seller has full power, legal right and authority to enter into
this Agreement and the instruments which it is obligated to execute and deliver
in accordance with the terms of this Agreement and to do all such acts and
things as are required to be done, observed or performed by Seller in accordance
with this Agreement.

4.2 VALID AUTHORIZATION OF THIS AGREEMENT. Seller has taken all necessary action
to authorize the execution, delivery and performance of this Agreement and the
instruments which it is obligated to execute and deliver in accordance with this
Agreement and to observe and perform the provisions of this Agreement and any
such instrument to which it is a party in accordance with its terms. This
Agreement and each instrument executed and delivered by Seller constitutes a
valid and legally binding obligation of Seller and, when executed and delivered,
of the instruments which Seller is obligated to execute and deliver in
accordance with this Agreement will constitute valid and legally binding
obligations of Seller, enforceable against it in accordance with their
respective terms, except to the extent that the enforceability may be limited by
applicable bankruptcy, insolvency, reorganization, moratorium or other similar
laws or events relating to or affecting creditors' rights generally

4.3 VALIDITY OF AGREEMENT AND NON-CONFLICT. Except as described in this Section,
none of the authorization, creation, execution, delivery of this Agreement or
any of the instruments which Seller is obligated to execute and deliver in
accordance with this Agreement requires Seller to obtain any approval or consent
of any governmental agency or authority having jurisdiction of Seller, nor is it
in conflict with or contravention of, as applicable, the provisions of any
material indenture, instrument, agreement or undertaking to which Seller is a
party or by which it or any of its respective properties or assets are bound,
including, without limitation, the Property.

4.4 TITLE. Seller represents and warrants that: (a) to the best of Sellers
knowledge the Property and mining claims were properly located in accordance
with applicable laws and regulations but Seller gives no express or implied
warranty as to title; (b) to the best of Sellers knowledge all assessment work
requirements for the mining claim have been performed and all Federal mining
claim rental and maintenance fees have been paid and all filings and recordings
of proof of performance and payment have been made properly and timely; (c) to
the best of Sellers knowledge the mining claims are in good standing; (d) to the
best of Sellers knowledge Seller has good title to and owns the entire undivided
legal and equitable interest in the mining claims, subject to the paramount
title of the United States; (e) to the best of Sellers knowledge title to the
Property and mining claims is free and clear of all liens, claims and
encumbrances. (f) Seller makes no representation or warranty concerning the
discovery or presence of valuable minerals on the unpatented mining claims which
comprise all or a portion of the Property. (g) A portion of the claims overlie

                                       4
<PAGE>
geothermal leases. On March 1, 2009 Coast Mountain Geological, Ltd, a subsidiary
of TNR Gold, located claims over several claims formerly held by Seller. On or
about June 15, 2009, Randy Henkel, agent or consultant for First Lithium Corp.,
located several claims over the north end the FL claim group; on June 25th Mr.
Henkel verbally stated they would not record their claims. (h) Association
placer claims can potentially be challenged on the theory of the use of "dummy
locators" and other issues (association placer claims require a discovery on
each 20 acre aliquot part to be legally transferred to a single entity). (i)
Robert and Barbara Craig are husband and wife, Elizabeth Dickman (formerly
Elizabeth Craig) is their daughter. Elizabeth Dickman is 19 years old. All 3
individuals own stock in Nevada Alaska Mining Co., Inc.; Robert Craig is an
officer and director in Nevada Alaska Mining Co., Inc. (j) Seller represents
there is no underlying agreements, written or verbal, between claimants to
create dummy or fictitious locators for the benefit of any other claimant.

4.5 SELLER NOT A FOREIGN PERSON. Seller is not a "foreign person" as defined
under Section 1445(f) of the Internal Revenue Code of 1954, as amended.

4.6 PATRIOT ACT. Seller is not on the Specially Designated National & Blocked
Persons List of the Office of Foreign Assets Control of the United States
Treasury Department and is not otherwise blocked or banned by any foreign assets
office rule or any other law or regulation, including the USA Patriot Act or
Executive Order 13224.

5. BUYER'S COVENANTS, REPRESENTATIONS AND WARRANTIES. To induce Seller to enter
this Agreement, Buyer represents and warrants to and in favor of Seller as of
the Effective Date and as of the Closing Date, and covenants, as follows:

5.1 AUTHORITY. Buyer has full power, legal right and authority to enter into
this Agreement and the instruments which it is obligated to execute and deliver
in accordance with the terms of this Agreement and to do all such acts and
things as are required to be done, observed or performed by Buyer in accordance
with this Agreement.

5.2 VALID AUTHORIZATION OF THIS AGREEMENT. Buyer has taken all necessary action
to authorize the execution, delivery and performance of this Agreement and the
instruments which it is obligated to execute and deliver in accordance with this
Agreement and to observe and perform the provisions of this Agreement and any
such instrument to which it is a party in accordance with its terms.

5.3 TITLE. Buyer represents and warrants that: (a) Buyer has done due diligence
on title and value of the property, including a review of all documents and laws
concerning the claims, and Buyer represents they are a sophisticated acquirer of
mining properties. (b) Buyer agrees to defend and hold harmless Seller in
defense of all title actions or lawsuits by third parties including governmental
agencies against the FL Claim Group and/or Seller.

5.4 PATRIOT ACT. Buyer is not on the Specially Designated National & Blocked
Persons List of the Office of Foreign Assets Control of the United States
Treasury Department and is not otherwise blocked or banned by any foreign assets
office rule or any other law or regulation, including the USA Patriot Act or
Executive Order 13224.

                                       5
<PAGE>
5.5 INSURANCE COVERAGE. Until closing, during operations Buyer will maintain
general liability insurance in the amount of no less than $500,000 per
occurrence and supply proof thereof. Contractors will be required to name
Sellers as additional insured on their policies for work on the property and
supply proof thereof. Failure to provide insurance under this clause will be
considered a material breach of contract.

6. NOTICES. Any notices required or authorized to be given by this Agreement
shall be in written form. Any notices required or authorized to be given by this
Agreement may be sent by registered or certified delivery, postage prepaid and
return receipt requested, addressed to the proper party at the following address
or such address as the party shall have designated to the other parties in
accordance with this paragraph. Any notice required or authorized to be given by
this Agreement shall be deemed to have been sufficiently given or served in
written form if mailed as provided herein, personally delivered to the proper
party, or sent by telex, telegraph, email or other means of electronic
transmission, and actually received by such party. Such notice shall be
effective on the date of receipt by the addressee party.

If to Seller:
P.O. Box 1148
Lovelock, NV 89419
(Physical address: 865 Franklin Ave, Lovelock, NV 89419)
(email nevadaalaska@sbcglobal.net)

If to Buyer:

9443 Axlund Road,
Lynden, Washington 98264

7. BINDING EFFECT OF OBLIGATIONS. This Agreement shall be binding upon and inure
to the benefit of the respective parties, and their personal representatives,
successors and/or assigns.

8. WHOLE AGREEMENT. The parties agree that the whole agreement between them is
written in this Agreement There are no terms or conditions, express or implied,
other than in this Agreement. This Agreement may be amended or modified only by
an instrument in writing, signed by the parties with the same formality as this
Agreement.

9. GOVERNING LAW. This Agreement shall be construed and enforced in accordance
with the laws of the State of Nevada.

10. MULTIPLE COUNTERPARTS. This Agreement may be executed in any number of
counterparts, each of which shall be deemed to be an original, but all of which
shall constitute the same Agreement.

11. SEVERABILITY. If any part, term or provision of this Agreement is held by
the courts to be illegal or in conflict with any law of the United States or the
State of Nevada, the validity of the remaining portions or provisions shall not
be affected, and the rights and obligations of the parties shall be construed
and enforced as if the Agreement did not contain the particular part, term or
provision held to be invalid.

                                       6
<PAGE>
12. LEASE TERMINATION. This Lease Purchase Agreement can/will be terminated by:

-On 60 Day notice to Seller by Buyer of intent to terminate the Lease Purchase
Agreement. If notice is given after August 1st, Buyer will be required to pay
claim rent for assessment year beginning September 1.

-On 30 day notice by Seller to Buyer for non-transfer of listed stock to the
accounts of the claimants and/or other material breach of contract requirements.
All data and information will be transferred to Seller by Buyer at termination.

13. NON-REFUND. If the lease purchase agreement is terminated under Section 12.
or for any other reason or cause, Seller will not be required to refund any
stock, money, value of work on the property, or other consideration, to the
Buyer. Buyers interest in the property will not vest until final disbursement of
stock to Seller.

The parties have executed this Agreement effective on the date it is executed by
all parties.

Sellers:                                        Date Signed

-------------------------------                 -----------
Nevada Alaska Mining Co., Inc.,
Locator/owner/claimant (By Robert Craig, President)

-------------------------------                 -----------
Robert Craig, Locator/owner/claimant

-------------------------------                 -----------
Barbara Anne Craig, Locator/owner/claimant

-------------------------------                 -----------
Elizabeth Dickman (formerly Elizabeth Craig), Locator/owner/claimant

Buyer:

-------------------------------                 -----------
Lithium Corp.  By John Hiner, President

                                       7
<PAGE>
                     Schedule A of Lease Purchase Agreement

Lithium Corp/Nevada Alaska et al, unpatented association placer mining claims
located in Esmeralda County, Nevada, June, 2009:

Claim                        BLM Number
-----                        ----------

FL #1                         1006701

FL #2                         1006702

FL #3                         1006703

FL #4                         1006704

FL #5                         1006705

FL #6                         1006706

FL #7                         1006707

FL #8                         1006708

FL #9                         1006709

FL #12                        1006710

FL #13                        1006711

FL #14                        1006712

FL #15                        1006713

FL #16                        1006714

FL #17                        1006715

FL #18                        1006716

FL #19                        1006717

FL #21                        1006718
<PAGE>
                                                                      Schedule A

                                                                          Page 2

FL #22                        1006719

FL #23                        1006720

FL #24                        1006721

FL #25                        1006722

FL #63                        1006723

FL #66                        1006724

FL #68                        1006725

FL #70                        1006726

FL #200                       1006727

FL #201                       1006728

FL #202                       1006729

FL #203                       1006730

FL #204                       1006731

FL #206                       1006732

FL #207                       1006733

FL #208                       1006734

FL #209                       1006735

FL #210                       1006736

FL #211                       1006737

FL #212                       1006738
<PAGE>
                                                                      Schedule A

                                                                          Page 3

FL #213                       1006739

FL #214                       1006740

FL #26                        1006741

FL #27                        1006742

FL #28                        1006743

FL #29                        1006744

FL #30                        1006745

FL #31                        1006746

FL #32                        1006747

FL #33                        1006748

FL #34                        1006749

FL #35                        1006750

FL #36                        1006751

FL #37                        1006752

FL #38                        1006753

FL #39                        1006754

FL #40                        1006755

FL #41                        1006756

FL #42                        1006757

FL #43                        1006758
<PAGE>
                                                                      Schedule A

                                                                          Page 4

FL #44                        1006759

FL #45                        1006760

FL #47                        1006761

FL #46                        1006762

FL #48                        1006763

FL #50                        1006764

FL #51                        1006765

FL #53                        1006766

FL #79                        1006767

FL #80                        1006768

FL #83                        1006769

FL #54                        1006770

FL #55                        1006771

FL #60                        1006773

FL #61                        1006774

FL #62                        1006775

FL #64                        1006776

FL #105                       1006777

FL #107                       1006778

FL #113                       1006779
<PAGE>
                                                                      Schedule A

                                                                          Page 5

FL #121                      1006780Exhibit 10.3

                                LETTER OF INTENT

This letter of intent (the "Agreement") is made on March 16, 2009 by and
between:

Cerro Rico Ventures LLC, a Nevada limited liability company ("Lessor") and

Lithium Corp., a private company ("Lessee")

Whereas,

Lessor has certain prior and proprietary knowledge regarding the occurrence of
lithium-rich materials (the "Property") in certain area of Nevada, and

Lessor is willing to disclose and utilize such information to acquire such
Property on Lessee's behalf, and

Whereas,

Lessee has the ability, interest, and desire to enter into the Agreement to
acquire such Property, and

Lessee is financially capable of entering into this Agreement for acquisition of
the Property.

Now, therefore, Lessor and Lessee agree as follows:

     1.   Lessee agrees to finance the initial acquisition of claims, as
          directed by Lessor.
     2.   Lessee agrees to deposit funds sufficient to cover the staking and
          filing cost into Lessor's account, to be provided upon signing to
          Lessee, and prior to initiation of acquisition.
     3.   Lessor agrees to acquire, on a best faith basis, by claim staking on
          US federal ground administered by the Bureau of Land Management,
          approximately 2,500 acres.
     4.   Lessee's initial acquisition cost per claim is estimated to be US $125
          for staking, and US $175 for filing, for an approximate total cost of
          US $40,000.
     5.   Lessor agrees to acquire the Property on behalf of the Lessee, and
     6.   Lessor agrees to hold the Property exclusively on behalf of the
          Lessee.

Additional Terms

     1.   Lessor agrees to maintain accounting records sufficient to verify
          expenditures on staking and filing costs for the acquired claims, and
          to provide such accounting to Lessee.
     2.   Lessee shall remit to Lessor US $20,000 as an initial annual lease
          payment. Lessee agrees to the following annual lease schedule:

          a. Upon 1st anniversary of confirmation-               $ 25,000
          b.   Upon 2nd anniversary-                             $ 30,000
          c.   Upon 3rd through 10th anniversary-                $ 50,000
          d.   Upon 11th through 20th-                           $ 75,000
          e.   At any time upon commercial sustained
               production a one-time final lease payment of      $250,000
               e.1  any such production payment as set forth in section "e"
                    above shall supersede annual lease payments, which will
                    cease so long as production is maintained. Upon cessation of
<PAGE>
                    production for any period in excess of 6 months, the annual
                    lease payment schedule shall resume.

     3.   Lessor reserves and maintains a 3% net smelter royalty (the "NSR"),
          subject to the following

          a.   Lessee may purchase 1% of the NSR within 5 years of $500,000
          b.   Lessee may purchase an additional 1% of the NSR within 10 years
               for $1,000,000
          c.   Lessee may purchase the remainder for the NSR within 15 years for
               an additional sum of $2,000,000

     4.   Lessee agrees to maintain the property in good standing and to comply
          with all laws pertinent to activities on the Property.

Lessor and Lessee agree that this Agreement and any following formal lease shall
not constitute a partnership.

Lessor and Lessee agree, on a good faith basis, to negotiate a formal lease
agreement embodying the above terms and other such mutually agreeable clauses as
a standard and necessary for the orderly exploration and development of the
Property, and maintenance of the lease status by and between Lessor and Lessee.

Any notices required or authorized shall be delivered by commercial courier,
facsimile, certified U.S. Mail, postage prepaid and return receipt requested,
addressed to the proper party at the address stated below:

If to Lessor:     Cerro Rico Ventures LLC
                  5004 E. Albuquerque Road
                  Reno, NV 89

If to Lessee:     Lithium Corp.
                  9443 Axlund Road
                  Lynden, WA 98264

Lessor and Lessee agree that time is of the essence in the performance of the
mutual agreements, obligations, and covenants set forth in this Agreement. The
parties have executed this Agreement effective the date first written above.

Lessor                                       Managing Member

/s/
-----------------------------------          -----------------------------------
Cerro Rico Ventures LLC                      Title

Lesee                                        Director

/s/
-----------------------------------          -----------------------------------
Lithium Corp.                                Title

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00164-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00164-of-00352.parquet"}]]