Document:

Filed by sedaredgar.com - Continental Minerals Corp. - Exhibit 4.1

CORPORATE SERVICES AGREEMENT

This Corporate Services Agreement (the “Agreement”) is made as
of the 1st day of June, 2008 

BETWEEN:

HUNTER DICKINSON INC. (to be
renamed Hunter Dickinson Services Inc.), a company incorporated under the
federal laws of Canada

(hereinafter referred to as “HD
Services”),

OF THE FIRST PART

CONTINENTAL MINERALS
COPORATION, a company incorporated under the laws of British Columbia 

(hereinafter referred to as
“KMK”),

OF THE SECOND PART 

(collectively, HD Services and KMK are
the “Parties” and each is a “Party”) 

WHEREAS:

	A. 	
      HD Services is a company established to provide
      technical, geological, corporate communications, administrative and
      management services for public companies involved in the acquisition,
      exploration and development of natural resource properties; and

	 	 
	B. 	
      KMK and HD Services have agreed that HD Services will
      provide technical, geological, corporate communications, administrative
      and management services as more particularly described
  herein.

NOW THEREFORE, in consideration of the premises and of the
mutual covenants and agreements set forth herein and other good and valuable
consideration, the receipt and sufficiency of which consideration each Party
acknowledges, the Parties agree as follows:

ARTICLE 1 - ENGAGEMENT

1.01 Engagement

During the term of this Agreement, which shall be determined in
accordance with Article 7 (the “Term”), HD Services shall, subject to the
terms and conditions hereof, supply technical, geological, corporate
communications, administrative and management services as more particularly
described in sections 1.02, 1.03 and 1.04 (the “Corporate Services”) to
KMK.

1.02 Program Services

Subject to receipt of a written request by KMK in accordance
with section 1.05, HD Services shall together with KMK management and such other
consultants as KMK chooses to involve, review the resource property portfolio of
KMK with a view to making recommendations for the design and implementation of
programs of exploration and/or development (“Programs”) for the mineral
properties of KMK. Such recommendations shall be accompanied by reasonable
details of the proposed Program, including scheduling, description of activities
and budgets. Upon written mutual acceptance of such Program(s) by KMK and HD
Services (with or without variations that the Parties may agree, and where
acceptance is in the sole discretion of each Party), HD Services shall carry out
each Program and shall generally:

	 	(a) 	
      provide and/or retain the necessary technical and support
      staff;

	 	 	 
	 	(b) 	
      negotiate third party service contracts for execution by
      KMK, or subject to the agreed terms of implementation of the Program(s),
      execute such contracts as agent for KMK. Such third party contracts may
      include (without limitation) geophysical and geochemical surveys,
      sampling, line cutting, diamond drilling, engineering, environmental,
      independent analyses and reporting and such other work as has been agreed
      in respect of such Program;

	 	 	 
	 	(c) 	
      apply for necessary regulatory permits and
    licences;

	 	 	 
	 	(d) 	
      provide field staff to supervise and oversee the work of
      HD Services staff and subcontractors;

	 	 	 
	 	(e) 	
      obtain appropriate insurance and assist in making
      application and relevant filings pertaining to the maintenance of titles
      to the property as well as filing of assessment work respecting
      exploration work carried out; and

	 	 	 
	 	(f) 	
      provide general administration of the Program including
      accounting, payment of third party invoices and reporting
  thereon,

(collectively, the “Program Services”).

1.03 General Corporate Services

Subject to receipt of a written request by KMK in accordance
with section 1.05 which is agreeable to HD Services, HD Services shall also:

	 	(a) 	
      perform general corporate services for KMK as required in
      relation to, but not limited to other matters such as administration,
      accounting, legal, regulatory reporting, management information and
      information technology services and personnel, but excluding corporate
      finance, funding and treasury functions.

	 	 	 
	 	(b) 	
      provide incidental assistance with corporate
      communications programs, including investor relationship management, HD
      Services website services, and corporate brochures regarding KMK; provided
      that these services shall not constitute

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professional investor relations
services as defined by the TSX Venture Exchange, if applicable, or other
regulatory policies.

1.04 Other Services

Subject to receipt of a written request by KMK in accordance
with section 1.05 which is agreeable to HD Services, HD Services shall also
provide to KMK services within its expertise in addition to those described in
sections 1.02 and 1.03. Services referred to in section 1.02, 1.03 and 1.04 are
herein “Corporate Services”.

1.05 Requested Corporate Services to be Evidenced
in Writing

The Corporate Services to be provided by HD Services to KMK
shall generally be agreed on an annual basis and shall be initiated by KMK in a
written communication and indicate KMK’s requirements and expectations in
reasonable detail, including required timing. HD Services shall promptly respond
to this request with a written proposal and shall mutually agree with KMK upon
the level, degree and cost of contracted Corporate Services for the next twelve
months, such agreement to be evidenced by a document in writing signed by the
CEO of KMK and the CEO of HD Services. The Parties shall use their commercially
reasonable efforts to develop and agree upon such Corporate Services at least
three months in advance of the annual renewal period of this Agreement.

1.06 Standard of Care

HD Services shall provide the Program Services and the
Corporate Services (together the “Services”) in a proper and workmanlike and
efficient manner, in accordance with accepted mining industry standards and
practices and shall exercise the degree of care and skill that a reasonably
prudent advisor would exercise in comparable circumstances. HD Services shall
comply with the terms of KMK’s licences, permits, contracts and other agreements
pertaining to the material mineral properties of KMK and applicable laws.

1.07 Independent Contractor

In the performance of the Services HD Services, shall act as an
independent contractor, and as agent of KMK only to the extent expressly
mandated in the agreed written Program or Corporate Services implementation.
Nothing herein shall constitute or be construed to be or create a partnership or
joint venture between HD Services and KMK and/or its affiliates. All debts and
liabilities to third persons incurred by HD Services in the course of providing
the Services in accordance with this Agreement shall be deemed to be the debts
and obligations of KMK only and HD Services and its affiliates shall be
indemnified by KMK in respect of such debts and liabilities to such third
parties. HD Services shall inform third parties with whom it deals on behalf of
KMK that it does so on behalf of KMK, and may take any other reasonable steps to
carry out the intent of this section 1.07. For purposes of administration of any
Program, the status of KMK as manager or operator of any of KMK’s joint venture
and other operating agreements in respect of which it is manager or operator is
not intended to be in any way affected by this Agreement. HD Services’ role in
relation to any such Program shall solely be as an independent contractor
providing advice and services to KMK.

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ARTICLE 2 - PAYMENTS TO HD SERVICES

2.01 Program Budget

The fees payable by KMK to HD Services for the Program Services
in accordance with Article 2 shall be included in the budget forming part of any
Program approved by KMK in accordance with section 1.02. HD Services shall
promptly notify KMK of any material departure from the budget of an adopted
Program (a “material departure” for such purposes being an increase above
budgeted costs of more than 10% (ten percent)). Amendments to a Program must be
agreed to in writing by KMK and HD Services, including amendments to the budget,
failing which KMK may terminate the relevant Program. Notwithstanding the
foregoing, HD Services shall not be required to itself bear the cost of any
material departures. Nothing contained in this Agreement shall oblige HD
Services, in the absence of express agreement to the contrary, to incur any
indebtedness for or on behalf of, or advance any credit to KMK.

2.02 Monthly Fee

KMK shall pay a monthly fee to HD Services for those Corporate
Services provided to KMK (the “Monthly Fee”). The Monthly Fee shall be
calculated on the basis of the time spent by HD Services employees and other
staff providing such Corporate Services and based on the rates set out in the HD
Services Charge-Out Rates Schedule attached hereto as Annexure A, which rates
may be amended from time to time by HD Services by providing to KMK, on not less
than 30 days advance notice, an updated HD Services Charge-Out Rate Schedule. HD
Services acknowledges and agrees that such rate currently, and shall be amended
from time to time to reflect the actual costs of providing such services. The
Monthly Fee, with reference to the rates in Annexure A, shall be invoiced by HD
Services monthly on a cost recovery basis. In addition, KMK shall pay directly
or reimburse HD Services in respect of third party expenditures incurred by HD
Services in respect of the Corporate Services and Programs and such expenditures
will be invoiced by HD Services monthly on a cost recovery basis. For greater
certainty, the Parties acknowledge and agree that HD Services shall operate on a
not-for-profit basis. HD Services shall provide KMK with such further
information as it may reasonably request in relation to any amount shown on any
such invoice, including reasonably satisfactory evidence of any reimbursable
costs. All invoices shall be payable no later than five (5) business days after
presentation. The aggregate annual salaries of the principals of HD Services
directly or indirectly paid by KMK and those other corporations that HD Services
provides services to will be provided to KMK by HD Services prior to execution
hereof. 

2.03 Invoices

KMK agrees to promptly pay HD Services invoices and also agrees
to advance funds against written cash calls (in the form of invoices) for
reasonably immediate expenditure requirements of HD Services such as to pay for
or secure services, to secure equipment, contractors, deposits and the like and
to honour all agreements which HD Services enters into in good faith on behalf
of KMK with third parties in the course of performing the Corporate
Services.

2.04 Sales Taxes, No Set-offs

The amounts to be billed by HD Services for Corporate Services
and third party costs under this Article 2 are subject to any GST or other
general sales tax, value added tax or any like service or 

- 4 -

sales tax which may be payable from time to time. All amounts
payable under this Agreement shall be paid by KMK free and clear of any
deductions or claims for set-offs. If any amounts are required to be withheld by
applicable law, KMK shall be obliged to pay an additional amount over the amount
invoiced as will leave HD Services receiving the same net amount as HD Services
invoiced for. Any such additional amount paid for withholding by KMK will be
refunded if recovered by HD Services and HD Services will promptly apply to
recover or reduce any such withholding amounts.

2.05 Interest 

If either Party defaults in the payment when due of any sum
payable under this Agreement (howsoever determined) the liability of such Party
shall be increased to include interest on such sum from the date when such
payment is due until the date of actual payment (as well after as before
judgment) at the rate of LIBOR plus 4% (four percent). Such interest shall
accrue from day to day. For such purposes, “LIBOR” means the interest
rate per annum for deposits in US dollars for a ninety (90) day period which
appears on the Reuters LIBO page (or such other page or pages as may replace
that page or pages on that service for the purpose of displaying offered rates
of leading banks for London interbank deposits in US dollars) at or about 11:00
a.m. London time on the business day in London before and for value on the first
day of such period, provided that, if two or more such offered rates are
indicated on such display, LIBOR shall be the rate that equals the arithmetic
mean (expressed as a decimal fraction to five decimal places) of such offered
rates, and provided further that if such period is not equal to any period shown
on such page, LIBOR shall be the rate determined by interpolation from the rates
for the next longer and next shorter periods shown on such page, using the
number of days as the basis for the interpolation, expressed as a decimal
fraction to five decimal places. 

2.06 Stock Options

In addition to amounts invoiced hereunder and as additional
consideration for HD Services making available its employees and staff for
Corporate Services on an as needed basis, provided that KMK is able to rely upon
the exemption set out in section 2.24 of National Instrument 45-106, or
an equivalent exemption under applicable securities laws, in connection with the
grant of such options and is able to rely upon the exemption set out in section
2.42(1)(a) of National Instrument 45-106, or an equivalent exemption
under applicable securities laws, in connection with the issuance of the
securities that are issuable upon the exercise of such options, and subject to
KMK obtaining any security holder and regulatory approvals that may be required
in connection with the grant of such options or issuance of the underlying
securities, KMK agrees to grant, on an annual basis, to employees of HD Services
or other HD Services staff who in the reasonable opinion of KMK and HD Services,
after mutual consultation, have spent or will spend a significant amount of time
and attention on the affairs and business of KMK, (the names of whom will be
provided by HD Services) by the later of: a) 90 days from the anniversary date
of this Agreement; or b) such time as KMK normally establishes its stock options
for its officers, directors, employees and other staff, the number of options
directed by HD Services to be issued to each of such persons; provided, however,
that the aggregate number of options granted to such employees or other staff of
HD Services in any year shall not exceed the lesser of one (1) million stock
options or the number of stock options calculated by dividing the aggregate
Monthly Fee charged to KMK by HD Services for the preceding 12 months, by the
market price of the underlying securities of KMK, all subject to the terms of
KMK’s stock option plan. For the purposes of this section 2.06, “market price”

- 5 -

shall mean the volume weighted average trading price over the
five trading days immediately preceding the date of grant, or such different
number of trading days or market price calculation as may be prescribed by the
stock exchange on which KMK’s underlying securities are listed and traded or
such definition of “market price” as may be otherwise prescribed by applicable
regulatory policies. HD Services agrees to provide KMK with all information
relating to the HD Services’ employees or other staff for whom options are
sought pursuant to this section 2.06 as may required to comply with laws and
stock exchange rules that may be applicable in connection with the grant of
options and issuance of underlying securities. Where applicable securities laws
requires a direct agreement between KMK and the employee of HD Services in order
for a prospectus and registration exemption to be available for the valid grant
of such option, the Parties agree to use reasonable commercial efforts to
accommodate that requirement. The parties represent to each other they
respectively believe that KMK is able to rely upon the exemption set out in
section 2.24 of National Instrument 45-106, or another exemption under
applicable securities laws, in connection with the grant of stock options to
employees of HD Services or HD Services staff or it is able to rely upon the
exemption set out in section 2.42(1)(a) of National Instrument 45-106, or
another exemption under applicable securities laws, in connection with the
issuance of the securities that are issuable upon the exercise of such options.
KMK shall use all reasonable commercial efforts to promptly obtain any required
shareholder and regularity approvals for the options contemplated hereunder.

ARTICLE 3 - NON EXCLUSIVITY AND OPPORTUNITIES

3.01 Non Exclusive Services

The Corporate Services provided by HD Services to KMK hereunder
are not intended by either Party to be exclusive. KMK reserves the right to
appoint additional advisors to render similar or other services and HD Services
shall be free to render similar or other services to other parties on such terms
and conditions as it may agree; provided, however, such terms and conditions are
no more favourable to the third party recipient than those contained in this
Agreement.

3.02 Opportunities, Conflicts of Interest and
Confidentiality

The Services to be provided by HD Services are intended to be
limited to mineral properties in which KMK holds an interest as of the date
hereof or in which it may later acquire an interest. Accordingly, KMK
acknowledges that HD Services shall not have any obligation to provide any
information or advice to KMK respecting other resource property prospects or
like opportunities (“Opportunities”) which come to the attention of HD
Services, except that for purposes hereof certain Opportunities shall be deemed
to be “Prohibited Opportunities” as follows:

	 	(a) 	
      Opportunities that are derived by HD Services from
      Confidential Information (as defined below) belonging to KMK as a
      consequence of Confidential Information either being provided to HD
      Services or being generated by HD Services on behalf of KMK, in connection
      with providing the Services to KMK;

	 	 	 
	 	(b) 	
      Opportunities that are presented to HD Services by any
      third party for the express benefit of or for the specific attention of
      KMK;

	 	 	 
	 	(c) 	
      Opportunities which can be demonstrated to have been
      discovered by HD Services directly as a result of the provision of
      Services to KMK;

- 6 -

	 	(d) 	
      Opportunities which are known to HD Services to relate to
      properties that KMK is actively investigating or negotiating for, whether
      that involves obtaining advice from HD Services or not;

	 	 	 
	 	(e) 	
      Properties which are located within a 50 kilometre
      radius, or such lesser or greater geographic limits as the parties may
      establish from time to time, of an existing KMK property whether or not HD
      Services is providing any Services in connection with such KMK
      property.

For the purposes of this Section 3.02, Prohibited Opportunities
shall be deemed to include Opportunities that are obtained by HD Services’
directors, officers, employees and other servants within the context of Section
3.02(a) to 3.02(e) . HD Services shall promptly notify KMK of any Prohibited
Opportunities obtained or discerned during the Term, but nothing herein shall be
deemed to be negligence on the part of HD Services if some Prohibited
Opportunity is overlooked, it being the intention only to prevent HD Services
from appropriating Prohibited Opportunities. An Opportunity which is acquired or
pursued by HD Services more than two years after the Term shall in no event be
deemed to be a Prohibited Opportunity.

KMK agrees it has no interest whatsoever in any Opportunities
which come to the attention of HD Services, other than Prohibited Opportunities
or Opportunities which KMK elects in writing not to pursue. Except as set out in
this Section 3.02, HD Services is not under any fiduciary or like duty to KMK
which will prevent or impede it from participating in, or enjoying the benefits
of competing endeavours of a nature similar to the business of KMK and the legal
doctrines of “corporate opportunity” or “business opportunity” shall have no
application in respect of this Agreement, except as expressly provided above. HD
Services shall take all reasonable steps to ensure compliance by its directors,
officers, employees, associates and agents with the requirements of this Section
3.02.

3.03 Services Through Agents or
Affiliates

HD Services shall have the right to provide the Corporate
Services, or portions thereof, through agents, affiliates or independent
contractors; provided that HD Services shall ensure that such agents, affiliates
or independent contractors comply with the terms and conditions of this
Agreement that are relevant to the performance of their assigned tasks. HD
Services shall ensure that such agents, affiliates or independent contractors
contractually are legally responsible for their conduct under the standards
applicable to HD Services pursuant to this Agreement.

ARTICLE 4 - INDEMNITY AND LIMIT ON LIABILITY

4.01 KMK Indemnity

Subject to section 4.02, KMK hereby indemnifies and saves
harmless HD Services and any of its directors, officers, employees, contractors
and agents (each, an “HD Indemnified Person”) from and against any loss,
liability, claim, demand, damage and expense (including reasonable legal fees)
(each a “Claim” and collectively “Claims”) in connection with the
provision of Corporate Services.

- 7 -

4.02 Exclusion

The indemnity in section 4.01 shall not extend or apply to any
Claim arising out of the fraud, wilful misconduct or negligence of the HD
Indemnified Person as the case may be; provided that “negligence” shall be
deemed not include any act or omission of the HD Indemnified Person done or
omitted to be done, if resulting from:

	 	(a) 	
      the direction of, or with the knowledge and concurrence,
      of KMK; or

	 	 	 
	 	(b) 	
      an action taken in good faith by the HD Indemnified
      Person to protect life or property.

4.03 Limitation of Liability

Notwithstanding anything to the contrary contained in this
Agreement, the liability of KMK to HD Services arising out of any Claims against
HD Services or the indemnity set out in section 4.01 shall be limited to an
amount equal to the aggregate of the amounts actually paid to or accrued in
favour of HD Services in accordance with Article 2, save for reimbursable costs
in accordance with section 2.03, during the year in which such Claims arise.

4.04 HD Indemnity

HD Services hereby indemnifies and saves harmless KMK and any
of its directors, officers, employees, contractors and agents (each, a “KMK
Indemnified Person”) for any Claim arising out of the fraud, wilful
misconduct or negligence of HD Services as the case may be; provided that
“negligence” shall be deemed not include any act or omission of the HD
Indemnified Person done or omitted to be done, if resulting from:

	 	(a) 	
      the direction of, or with the knowledge and concurrence,
      of KMK; or

	 	 	 
	 	(b) 	
      an action taken in good faith by the HD Indemnified
      Person to protect life or property.

4.05 Consequential Losses

Neither party shall be liable to the other for any indirect or
consequential loss or damages arising out of a breach of this Agreement.

4.06 Limitation of Liability

Notwithstanding anything to the contrary contained in this
Agreement, the liability of HD Services to KMK arising out of any Claims against
KMK or the indemnity set out in section 4.04 shall be limited to an amount equal
to the aggregate of the amounts actually paid to or accrued in favour of HD
Services in accordance with Article 2, save for reimbursable costs in accordance
with section 2.03, during the year in which such Claims arise.

- 8 -

4.07 Claims

     (1) In the event that any action,
suit or proceeding is brought against either HD Services or KMK (in this
Section, an “Indemnified Party”) in respect of which indemnity may be
sought against the other party (in this Section, an “Indemnifying Party”)
in accordance with section 4.01, the Indemnified Party will give the
Indemnifying Party prompt written notice of any such action, suit or proceeding
of which the Indemnified Party has knowledge and the Indemnifying Party will
undertake the investigation and defence thereof on behalf of the Indemnified
Party, including employment of counsel acceptable to such Indemnified Party, and
make payment of all expenses.

     (2) No admission of liability and
no settlement of any action, suit or proceeding shall be made without the
consent of the Indemnifying Party and the Indemnified Parties affected, such
consent not to be unreasonably withheld.

     (3) Notwithstanding that the
Indemnifying Party will undertake the investigation and defence of any action,
suit or proceeding, an Indemnified Party will have the right to employ separate
counsel in any such action, suit or proceeding and participate in the defence
thereof, but the fees and expenses of such counsel will be at the expense of the
Indemnified Party unless:

	 	(a) 	
      employment of such counsel has been authorised by the
      Indemnifying Party;

	 	 	 
	 	(b) 	
      the Indemnifying Party has not assumed the defence of the
      action, suit or proceeding within a reasonable period of time after
      receiving notice thereof;

	 	 	 
	 	(c) 	
      the named parties to any such action, suit or proceeding
      include both the Indemnifying Party and the Indemnified Party and the
      Indemnified Party shall have been advised by counsel that there may be a
      conflict of interest between the Indemnifying Party and the Indemnified
      Party; or

	 	 	 
	 	(d) 	
      there are one or more legal defences available to the
      Indemnified Party which are different from or in addition to those
      available to the Indemnifying Party.

     (4) It is the intention of the
parties to constitute each other as trustee for each other’s directors,
officers, employees, contractors and agents under this Article 4 and each party
agrees to accept such trust and to hold and enforce such covenants on behalf of
its own directors, officers, employees, contractors and agents.

     (5) For the purposes of this
Article 4:

	 	(a) 	
      “action, suit or proceeding” shall include every
      action, suit or proceeding, civil, criminal, administrative, investigative
      or other; and

	 	 	 
	 	(b) 	
      the right of indemnification conferred hereby shall
      extend to any threatened action, suit or
proceeding.

     (6) The foregoing rights of
indemnification shall not be exclusive of any other rights to which the
Indemnified Parties may be entitled as a matter of law or which may be lawfully
granted to such Indemnified Parties and the provisions of this Article 4 are
severable, and if any provision 

- 9 -

hereof shall for any reason be determined invalid or
ineffective, the remaining provisions of this Article 4 shall not be affected
thereby.

     (7) The indemnities set out in
section 4.01 and 4.04 shall remain in full force and effect notwithstanding the
termination of this Agreement.

ARTICLE 5 - CONFIDENTIALITY

     (1) HD Services acknowledges that
the business carried on by KMK is an extremely competitive business, that during
the Term HD Services will be exposed to confidential information belonging to
KMK and its affiliates and that disclosure of any such confidential information
to third parties could irreparably damage and place KMK at a competitive
disadvantage. Such confidential information shall encompass KMK or its
affiliates’ proprietary or confidential information disclosed or entrusted to HD
Services or developed or generated by HD Services in the performance of their
services pursuant to this Agreement, including information relating to KMK or
its affiliates’ mineral properties, exploration results, exploration
developments, research data, organizational structure, operations, business
plans and affairs, technical projects, pricing data, business costs, inventions,
trade secrets, names of joint venture partners or other work produced or
developed by or for KMK or any of its affiliates, (“Confidential
Information”). HD Services shall:

	 	(a) 	
      diligently take commercially reasonable efforts to
      protect the integrity and security of the Confidential Information within
      its control and to ensure that only authorized personnel of HD Services
      are provided with Confidential Information. HD Services shall limit access
      to Confidential Information respecting exploration developments to its own
      staff on a need-to-know basis and shall ensure that its personnel
      acknowledge the need to protect the confidentiality of the Confidential
      Information and that they are made aware that they are in a “special
      relationship” with KMK as contemplated by securities
legislation;

	 	 	 	 
	 	(b) 	
      not use the Confidential Information for any purpose
      other than in connection with the provision of Corporate Services to KMK
      and not disclose any of the Confidential Information to third parties
      without the prior written consent of KMK, provided that such consent shall
      not be required where the Confidential Information is disclosed:

	 	 	 	 
	 		(i) 	
      to the employees, officers, representatives and agents of
      HD Services and affiliates of HD Services and professional advisors of HD
      Services, to enable such persons to assist HD Services in providing
      Corporate Services to KMK; and provided further that all such persons
      acknowledge the need to preserve and protect the confidential nature of
      the Confidential Information and to use such information only in
      connection with the provision of Corporate Services to KMK; and provided
      further that HD Services shall be liable for any breach of confidentiality
      by such persons;

	 	 	 	 
	 		(ii) 	
      to the employees, officers, agents or professional
      advisors of KMK;

- 10 -

	 	(iii) 	
      pursuant to legal process, but only after KMK has
      received notice of such process to the extent possible and been given an
      opportunity to contest or resist the process where possible and
      appropriate.

     (2) Section Article 5(1) shall
not apply to any information in the possession of HD Services which, at the
relevant time:

	 	(a) 	
      through no act or omission of HD Services is or becomes
      generally known or part of the public domain;

	 	 	 
	 	(b) 	
      is furnished to others by KMK without restriction on
      disclosure; or

	 	 	 
	 	(c) 	
      is lawfully furnished to HD Services by a third party
      without HD Services’ knowledge of a breach of any restriction owed to
      KMK.

     (3) All business, technical, and
like records and information received or generated by HD Services during the
term of this Agreement in relation to KMK or its affiliates shall be delivered
to KMK, or destroyed by HD Services upon request by KMK, at any time during the
Term and upon its termination. KMK shall continue to own all rights in such
Confidential Information.

     (4) In the event that a Party
wishes to refer to the other Party hereunder or its engagement with the other
Party in any public statement, news release, shareholder communication or
otherwise, it must first seek the other Party’s consent (such consent not to be
unreasonably withheld or delayed), in all cases, prior to the release of such
reference. During the Term, when referring to HD Services in any promotional or
marketing materials, KMK shall use such name or trade names of HD Services, or
its affiliates or its associates, and describe HD Services and its affiliates
and associates, only as permitted by HD Services. Upon termination of this
Agreement, each Party shall immediately cease referring to the other Party and
any of its affiliates or associates and shall, unless otherwise required by law,
amend, update or withdraw any offering documents, promotional and marketing
material or other literature then in use that refers to any agreement or
arrangement with the other Party.

     (5) HD Services acknowledges that
it will likely be necessary for KMK to disclose this Agreement to stock
exchanges, or other regulatory authorities or otherwise make it pursuant to
applicable securities laws and policies. In such instance, KMK acknowledges that
disclosure of the commercial terms of this Agreement would be to the detriment
of HD Services because of the competitive nature of the advisory business and so
KMK will use all reasonable efforts consistent with stock exchange and
regulatory requirements and securities laws and policies to remove any
commercially sensitive fee information relating to this Agreement before filing
or otherwise making this Agreement or its terms public.

ARTICLE 6 - OTHER RIGHTS AND DUTIES OF KMK

6.01 Access to KMK Properties and
Records

For the sole purpose of enabling HD Services to perform the
Corporate Services and only to the extent required to enable such performance,
KMK shall allow HD Services, its employees and authorized agents reasonable
access on notice to the properties and premises where the business of - 11 -

KMK is conducted and shall make available to them all assets
owned by KMK or which KMK is entitled to use, which relate to, or form part of,
such business and provide access to all information, books, records and data
which relate to such business. KMK shall ensure that its employees, and any
contractors, consultants, advisors or auditors engaged by it, co-operate fully
with HD Services in its performance of the Corporate Services.

6.02 Access to HD Services Records

Any authorized representative of KMK shall at all reasonable
times have full access to all of the records or information of HD Services
pertaining to the affairs of KMK. Such access shall be extended to the auditors
and other professional advisors of KMK.

6.03 Audit

KMK shall have the right on reasonable notice of not less than
30 days in any event, to have an independent audit of the relevant business
records of HD Services as they relate to the Services provided by HD Services to
KMK in order to satisfy itself that the Monthly Fees for Corporate Services and
other amounts charged to KMK represent a reasonable allocation of the general
costs associated with providing Corporate Services on a cost recovery basis. KMK
shall not have the right to audit records and accounts of HD Services related to
transactions or operations more than twenty-four (24) months after the calendar
year during which the Corporate Services were provided. Any audit conducted on
behalf of KMK shall be made during HD Services’ normal business hours and shall
not interfere with its operations.

In the event that the Parties are unable to agree on the
conclusions of the audit, the matter shall be referred for dispute resolution
under Article 8. If that process results in a refund of more than 5% of amounts
invoiced by HD Services then HD Services shall not only pay the amount but shall
pay for the audit. A 1% to 5% refund adjustment shall result in the audit cost
being shared equally and a less than 1% adjustment shall result in KMK paying
for the audit. All written exceptions to and claims upon or by HD Services for
discrepancies disclosed by such audit shall be made not more than three (3)
months after completion and delivery of such audit, or they shall be deemed
waived by KMK or HD Services, as the case may be. 

6.04 Non Solicitation

KMK undertakes that is shall not directly or indirectly, for
the Term and for 12 months after the date of termination of this Agreement,
solicit any HD Services employee or contractor for the purposes of offering
employment, unless expressly approved by HD Services in writing. HD Services
undertakes that is shall not directly or indirectly, for the Term and for 12
months after the date of termination of this Agreement, solicit any KMK employee
or contractor for the purposes of offering employment, unless expressly approved
by KMK in writing. 

ARTICLE 7 - TERM AND TERMINATION

7.01 Term

The initial term of this Agreement shall be for a period of two
years from the date of this Agreement, following which this Agreement shall
automatically renew for successive one year terms unless earlier terminated as
provided in section 7.02.

- 12 -

7.02 Termination

     (1) This Agreement may be
terminated without cause at any time by either Party giving sixty (60) days
notice in writing to the other Party, except that where a KMK is engaged in a
material mine construction or expansion program such period shall be extended to
one hundred and eighty (180) days notice. Such termination shall not affect
obligations of KMK under agreed Programs for any third party commitments made by
HD Services.

     (2) Notwithstanding section
7.02(1), KMK may terminate this Agreement with immediate effect for cause, which
shall include:

	 	(a) 	
      HD Services becoming involved in any fraud or dishonest
      or serious misconduct in circumstances that would, in the reasonable
      opinion of KMK, make HD Services unsuitable to act on behalf of
  KMK;

	 	 	 	 
	 	(b) 	
      HD Services being in material breach of this Agreement
      and within thirty (30) days of receipt of notice thereof from KMK
      either:

	 	 	 	 
	 		(i) 	
      such breach is not remedied; or

	 	 	 	 
	 		(ii) 	
      if such breach is incapable of being remedied, either
      within such thirty (30) day period or at all, HD Services has not paid
      reasonable monetary compensation in lieu of remedying the breach; provided
      that the breach is not of such a fundamental nature as to significantly
      impair the value to KMK of the Agreement;

	 	 	 	 
	 	(c) 	
      the dissolution, liquidation, bankruptcy, insolvency or
      winding-up or the making of any assignment for the benefit of creditors of
      HD Services; or

	 	 	 	 
	 	(d) 	
      the appointment of a trustee, receiver and manager or
      liquidator of HD Services.

     (3) Notwithstanding section
7.02(1), HD Services may terminate this Agreement with immediate effect for
cause, which shall include:

	 	(a) 	
      KMK having been determined to have acted dishonestly in
      connection with HD Services or KMK becoming involved in any fraud or
      dishonest or serious misconduct in circumstances that would, in the
      reasonable opinion of HD Services, make representation of KMK by HD
      Services unsuitable;

	 	 	 	 
	 	(b) 	
      KMK being in material breach of this Agreement and within
      thirty (30) days of receipt of notice thereof from HD Services
    either:

	 	 	 	 
	 		(i) 	
      such breach is not remedied; or

	 	 	 	 
	 		(ii) 	
      if such breach is incapable of being remedied, either
      within such thirty (30) day period or at all, KMK has not paid reasonable
      monetary compensation acceptable to HD Services in lieu of remedying the
      breach; provided always that the breach is not of such a fundamental
      nature as to significantly impair the value to HD Services of the
      Agreement;

- 13 -

	 	(c) 	
      the dissolution, liquidation, bankruptcy, insolvency or
      winding-up or the making of any assignment for the benefit of creditors of
      KMK; 

	 	  	
      

	 	(d) 	
      the appointment of a trustee, receiver and manager or
      liquidator of KMK; or 

	 	  	
      

	 	(e) 	
      KMK not retaining HD Services to provide Services as
      contemplated under Article 1 for a period of 90 days. 

	 	  	
      

	 	(4) 	
      if this Agreement is terminated: 

	 	  	
      

	 	(a) 	
      all rights and obligations under this Agreement (except
      those in Articles 3 and 5 and this section 7.02(4)) shall terminate;
    

	 	  	
      

	 	(b) 	
      for any reason other than the circumstances described
      section 7.02(2)(a) and 7.02(2)(b), HD Services shall be entitled to
      receive, and KMK shall pay to HD Services, any outstanding fees and any
      reimbursable expenses pursuant to Article 2 up to and including the date
      of termination; 

	 	  	
      

	 	(c) 	
      during the course of implementation of any Program, the
      Parties shall negotiate in good faith to minimize any interruption of such
      Program and to ensure that the costs related thereto are duly discharged
      by KMK; 

	 	  	
      

	 	(d) 	
      notwithstanding such termination, KMK shall continue to
      be bound by any agreements contracted for or on its behalf by HD Services
      in accordance with this Agreement prior to such termination; and

	 	  	
      

	 	(e) 	
      HD Services will have the right (the “Call
      Option”), exercisable by the giving of notice to KMK within fifteen
      (15) business days following the effective date of such termination (the
      “Call Option Period”), to require KMK to sell the one (1) common
      share of HD Services held by KMK as of the date hereof and any other
      common shares of HD Services held by KMK as at the date of such
      termination (collectively, the “HD Services Share”) for the
      aggregate amount of $1.00. If HD Services exercises the Call Option as
      aforesaid, the transaction of purchase and sale must be completed within
      twenty (20) business days (or such longer period as may reasonably be
      required to comply with all applicable statutory and regulatory
      requirements) of the expiry of the Call Option Period. The transaction
      will be completed at HD Services’ registered office where delivery of the
      HD Services Share must be made by the KMK with good title, free and clear
      of by certified cheque or bank draft by HD Services all liens, charges,
      encumbrances and any other rights of others, against payment of $1.00 cash
      or cheque. 

     (5) If this Agreement is
terminated for any reason other than pursuant to Section 7.02(2)(a) or
7.02(2)(b), KMK shall, within 20 business days following the effective date of
such termination, pay HD Services the amount of $350,000, representing the
Parties’ presently agreed bona fide estimate of the pro rata share of the
estimated contingent liabilities of HD Services related to offering to supply
Services under this Agreement.

- 14 -

ARTICLE 8 - DISPUTE RESOLUTION

8.01 Disputes Regarding Reimbursable
Costs

Notwithstanding section 8.02, in the event of any dispute
arising between the Parties regarding fees or reimbursable costs claimed by HD
Services in accordance with Article 2 and such dispute not having been resolved
between the Parties within one (1) month from the written notice of such dispute
by either Party to the other, such dispute may be referred by either Party to a
Chartered Accountant (“CA”) to be mutually agreed or failing which a
third CA appointed by a CA chosen by each of the Parties. Such CA shall act as
arbitrator based on the results of the audit work (and such other work as he or
she may direct be done) and shall be entitled to make such adjustments as may in
the circumstances appear to it to be appropriate and whose decision shall be
regarded as the decision of an arbitrator and shall be binding and final upon
the Parties. The costs of the CA in deciding such dispute shall be borne by each
Party in the same proportion as the cost of the audit in 6.03.

8.02 Other Disputes

Any dispute arising under or in connection with any matter
relating to or resulting from the performance of obligations under this
Agreement, other than as contemplated by section 8.01, which has not been
resolved by the Parties within thirty (30) days after the date on which either
Party delivers written notice to the other Party of such dispute, which notice
shall specify in reasonable detail the matter or matters in dispute, shall:

	 	(a) 	
      be referred to the President or the Chief Executive
      Officer of each Party (or the person who performs like functions), who
      shall meet (face to face or by telephonic means) within ten (10) days from
      the expiry of such thirty (30) day period and shall endeavour to resolve
      such dispute; and

	 	 	 
	 	(b) 	
      failing such resolution, be referred to and finally
      resolved by arbitration administered by the British Columbia International
      Commercial Arbitration Centre (the “Arbitration Centre”) under its
      International Commercial Arbitration Rules of Procedure (the
      “Arbitration Rules”). The place of arbitration shall be Vancouver,
      British Columbia. The parties agree to use a single
  arbitrator.

ARTICLE 9 - MISCELLANEOUS

9.01 Notices

Any demand, notice or other communication to be given in
connection with this Agreement must be given in writing and will be given by
personal delivery, by registered mail or by electronic means of communication
addressed to the recipient as follows:

- 15 -

To Hunter Dickinson Inc. (to be
renamed Hunter Dickinson Services Inc):

1020 - 800 West Pender Street

Vancouver, British Columbia 
Canada V6C 2V6

Fax: (604) 681 2741 

Attention: President

To Continental Minerals
Corporation:

1020 - 800 West Pender Street

Vancouver, British Columbia 
Canada V6C 2V6

Fax: (604) 681 2741 

Attention: Secretary

or to such other address, individual or electronic
communication number as may be designated by notice given by either Party to the
other. Any demand, notice or other communication given by personal delivery will
be conclusively deemed to have been given on the day of actual delivery thereof
and, if given by registered mail, on the third (3rd) business day following the
deposit thereof in the mail and, if given by electronic communication, on the
day of transmittal thereof if given during the normal business hours of the
recipient and on the business day during which such normal business hours next
occur if not given during such hours on any day. If the Party giving any demand,
notice or other communication knows or ought reasonably to know of any
difficulties with the postal system that might affect the delivery of mail, any
such demand, notice or other communication may not be mailed but must be given
by personal delivery or by electronic communication.

9.02 Further Assurances

Each Party will from time to time execute and deliver such
further documents and instruments and do all acts and things as the other Party
may reasonably require to effectively carry out or better evidence or perfect
the terms of this Agreement.

9.03 Entire Agreement

Except for those provisions of the Geological, Management and
Administration Agreement dated December 31, 1996, between Hunter Dickinson Inc
and KMK which are stated to survive the termination of that agreement, this
Agreement constitutes the entire agreement between the Parties with respect to
the subject matter hereof and cancels and supersedes any prior understandings
and agreements between the Parties with respect thereto. There are no
representations, warranties, terms, conditions, undertakings or collateral
agreements, express, implied or statutory, between the Parties other than as
expressly set forth in this Agreement.

- 16 -

9.04 Assignment

This Agreement may not be assigned by either Party without the
prior written consent of the other Party. Any assignment shall require the
written agreement of the assignee to be bound by the terms hereof.

9.05 Amendments and Waivers

No amendment to this Agreement will be valid or binding unless
set forth in writing and duly executed by the Parties. No waiver of any breach
of any provision of this Agreement will be effective or binding unless made in
writing and signed by the Party purporting to give the same and, unless
otherwise provided, will be limited to the specific breach waived.

9.06 Enurement

This Agreement shall enure to the benefit of the Parties and
shall be binding upon their successors and permitted assigns.

9.07 Ambiguities

Each of the parties has participated in the drafting of this
Agreement and any rule of construction to the effect that ambiguities are to be
resolved against the drafting party will not apply to the interpretation of this
Agreement.

9.08 Enforceability

If any term, provision, covenant or condition of this Agreement
is held by a court of competent jurisdiction to be invalid or unenforceable, the
remainder of the provisions will remain in full force and effect and will not be
affected, impaired or invalidated thereby.

9.09 Severability

If a provision of this Agreement shall be found to be wholly or
partially invalid, this Agreement shall be interpreted as if the invalid
provision had not been a part of this Agreement.

9.10 Currency

All dollar figures referred to in this Agreement are Canadian
dollars unless specifically noted otherwise.

9.11 Headings, Etc.

The division of this Agreement into Articles and sections and
the insertion of headings are for convenience of reference only and shall not
affect the construction or interpretation of this Agreement. The terms “this
Agreement”, “hereof’, “hereunder” and similar expressions refer to this
Agreement and not to any particular Article, section or other portion hereof and
include any agreement supplemental hereto. Unless something in the subject
matter or context is inconsistent therewith, references herein to Articles and
sections are to Articles and sections of this Agreement.

- 17 -

9.12 Expanded Meanings

In this Agreement, unless something in the subject matter or
context is inconsistent therewith:

	 	(a) 	
      the singular of any term includes the plural, and vice
      versa, the use of any term is equally applicable to any gender and, where
      applicable, a body corporate, the word “or” is not exclusive and the word
      “including” is not limiting (whether or not non- limiting language is used
      with reference thereto);

	 	 	 
	 	(b) 	
      a reference to a person includes a company or other
      entity constituting a legal person; and

	 	 	 
	 	(c) 	
      the words “written” or “in writing” include printing,
      typewriting or any electronic means of communication capable of being
      visibly reproduced at the point of reception including telex, telegraph or
      telecopy.

9.13 Counterparts

This Agreement may be executed in any number of counterparts,
each of which will be deemed to be an original and all of which taken together
will be deemed to constitute one and the same instrument.

- 18 -

9.14 Facsimiles

Delivery of an executed signature page to this Agreement by
either Party by electronic transmission will be as effective as delivery of a
manually executed copy of this Agreement by such Party.

IN WITNESS WHEREOF the Parties have caused this Agreement to be
executed as of the date and year first above written.

HUNTER DICKINSON INC.
(TO BE RENAMED HUNTER
DICKINSON SERVICES INC.)

	By: 		 
	 	Authorized Signatory 	 
	 	  	 
	CONTINENTAL MINERALS
      CORPORATION 
	 	  	 
	By: 		 
	 	Authorized Signatory 	 

- 19 -

ANNEXURE A

HUNTER DICKINSON
SERVICES 
CHARGE OUT RATES FOR 2008

  	Department 	Position 	Daily Rate 	Hourly Rate  
	Administration 	Manager 	800 	100.00 
	  	Executive Assistant 	700 	87.50 
	  	Senior Admin Asst 	600 	75.00 
	  	Admin Asst 	500 	62.50 
	Business Development 	VP 	1,600 	200.00 
	  	Manager 	1,200 	150.00 
	  	Senior Analyst 	800 	100.00 
	Database 	Manager 	900 	112.50 
	  	Senior Analyst 	650 	81.25 
	  	Analyst 	550 	68.75 
	Engineering 	VP 	1,600 	200.00 
	  	Director 	1,200 	150.00 
	  	Manager 	1,000 	125.00 
	  	Senior 	750 	93.75 
	  	Junior 	600 	75.00 
	Finance 	Director 	1,600 	200.00 
	  	Controller / Mgr 	1,100 	137.50 
	  	Asst. Ctrl 	900 	112.50 
	  	Senior Acct 	700 	87.50 
	  	Accountant 	600 	75.00 
	  	Admin / AP 	500 	62.50 
	Geologist / Geotech 	VP 	1,600 	200.00 
	  	Director 	1,200 	150.00 
	  	Manager 	1,000 	125.00 
	  	Senior 	750 	93.75 
	  	Junior 	600 	75.00 
	Graphics 	Manager 	900 	112.50 
	  	Senior Technician 	750 	93.75 
	  	Technician 	600 	75.00 
	Human Resources 	Manager 	1,200 	150.00 
	  	Lead 	1,000 	125.00 
	  	Generalist 	800 	100.00 
	  	Assistant 	600 	75.00 
	Investor Relations 	Manager 	800 	100.00 
	  	Senior Specialist 	700 	87.50 
	  	Specialist 	600 	75.00 
	Information Technology 	Manager 	1,200 	150.00 
	  	Senior Technician 	700 	87.50 
	  	Technician 	500 	62.50 
	Legal 	VP / Counsel 	1,600 	200.00 
	  	Assistant 	620 	77.50 
	Site Personnel 	Manager 	700 	87.50 
	  	Senior Staff 	600 	75.00 
	  	Junior Staff 	400 	50.00 
	Socioeconomic / Public 	VP 	1,600 	200.00 
	Relations 	Director 	1,200 	150.00 
	  	Manager 	1,000 	125.00 
	  	Senior 	750 	93.75 
	  	Junior 	600 	75.00 
	Contractors Utilizing HD 	Daily Usage Rate 	320 	40.00 
	Premises 	  	  	- 

A-1Filed by sedaredgar.com - Continental Minerals Corp. - Exhibit 4.3

CONTINENTAL MINERALS CORPORATION 
(the
“Company”)

SHARE OPTION PLAN

Dated for Reference June 19, 2006

ARTICLE 1
PURPOSE AND INTERPRETATION

Purpose

1.1 The purpose of this Plan is to advance the interests of the
Company by encouraging equity participation in the Company through the
acquisition of Common Shares of the Company. It is the intention of the Company
that this Plan will at all times be in compliance with the TSX Venture Policies
(or, if applicable, the NEX Policies) and any inconsistencies between this Plan
and the TSX Venture Policies) (or, if applicable, the NEX Policies) will be
resolved in favour of the latter.

Definitions

1.2 In this Plan

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

(b) Associate has the meaning
set out in the Securities Act;

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

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

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

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

where such Person or combination of
Persons did not previously hold a sufficient number of voting shares to affect
materially control of the Company or its successor. In the absence of evidence
to the contrary, any Person or combination of Persons acting in 

- 2 -

concert by virtue of an agreement,
arrangement, commitment or understanding, holding more than 20% of the voting
shares of the Company or resulting company is deemed to materially affect
control of the Company or resulting company;

(e) Common Shares means common
shares without par value in the capital of the Company providing such class is
listed on the TSX Venture (or the NEX, as the case may be);

(f) Company means the company
named at the top hereof and includes, unless the context otherwise requires, all
of its Affiliates and successors according to law;

(g) Consultant means an
individual or Consultant Company, other than an Employee, Officer or Director
that: 

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

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

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

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

(h) Consultant Company means for
an individual consultant, a company or partnership of which the individual is an
employee, shareholder or partner;

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

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

(k) Disinterested Shareholder
Approval means approval by a majority of the votes cast by all the Company’s
shareholders at a duly constituted shareholders’ meeting, excluding votes
attached to Common Shares beneficially owned by Insiders who are Service
Providers or their Associates;

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

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

- 3 -

(n) Employee means: 

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

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

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

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

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

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

(r) Investor Relations
Activities has the meaning assigned by Policy 1.1 of the TSX Venture
Policies;

(s) Management Company Employee
means an individual employed by a Person providing management services to the
Company which are required for the ongoing successful operation of the business
enterprise of the Company, but excluding a Person engaged in Investor Relations
Activities;

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

(u) NEX Issuer means a company
listed on the NEX;

(v) NEX Policies means the rules
and policies of the NEX as amended from time to time;

(w) Officer means a Board
appointed officer of the Company;

- 4 -

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

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

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

(aa) Optionee means the
recipient of an Option hereunder;

(bb) Outstanding Shares means at
the relevant time, the number of issued and outstanding Common Shares of the
Company from time to time;

(cc) Participant means a Service
Provider that becomes an Optionee;

(dd) Person includes a company,
any unincorporated entity, or an individual;

(ee) Plan means this share
option plan, the terms of which are set out herein or as may be amended;

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

(gg) Regulatory Approval means
the approval of the TSX Venture and any other securities regulatory authority
that has lawful jurisdiction over the Plan and any Options issued hereunder;

(hh) Securities Act means the
Securities Act, R.S.B.C. 1996, c. 418, or any successor legislation;

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

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

(kk) Shareholder Approval means
approval by a majority of the votes cast by eligible shareholders of the Company
at a duly constituted shareholders’ meeting;

(ll) TSX Venture means the TSX
Venture Exchange and any successor thereto; and

- 5 -

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

Other Words and Phrases

1.3 Words and phrases used in this Plan but which are not
defined in the Plan, but are defined in the TSX Venture Policies (and, if
applicable, the NEX Policies), will have the meaning assigned to them in the TSX
Venture Policies (and, if applicable, the NEX Policies).

Gender

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

ARTICLE 2 
SHARE OPTION PLAN

Establishment of Share Option Plan

2.1 The Plan is hereby established to recognize contributions
made by Service Providers and to create an incentive for their continuing
assistance to the Company and its Affiliates. 

Maximum Plan Shares

2.2 The maximum aggregate number of Plan Shares that may be
reserved for issuance under the Plan at any point in time is 10% of the
Outstanding Shares at the time Plan Shares are reserved for issuance as a result
of the grant of an Option, less any Common Shares reserved for issuance under
share options granted under Share Compensation Arrangements other than this
Plan, unless this Plan is amended pursuant to the requirements of the TSX
Venture Policies and, if applicable, the NEX Policies.

Eligibility

2.3 Options to purchase Common Shares may be granted hereunder
to Service Providers from time to time by the Board. Service Providers that are
not individuals will be required to undertake in writing not to effect or permit
any transfer of ownership or option of any of its securities, or to issue more
of its securities (so as to indirectly transfer the benefits of an Option), as
long as such Option remains outstanding, unless the written permission of the
TSX Venture and the Company is obtained.

Options Granted Under the Plan

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

- 6 -

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

Limitations on Issue

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

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

(b) no Options can be granted under the
Plan if the Company is on notice from the TSX Venture to transfer its listed
shares to the NEX;

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

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

Options Not Exercised

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

Powers of the Board

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

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

(b) grant Options hereunder;

(c) subject to any necessary Regulatory
Approval, amend, suspend, terminate or discontinue the Plan, or revoke or alter
any action taken in connection therewith, except that no general amendment or
suspension of the Plan will, without the prior written consent of all Optionees,
alter or impair any Option previously granted under the Plan 

- 7 -

unless the alteration or impairment
occurred as a result of a change in the TSX Venture Policies or the Company’s
tier classification thereunder;

(d) delegate all or such portion of its
powers hereunder as it may determine to one or more committees of the Board,
either indefinitely or for such period of time as it may specify, and thereafter
each such committee may exercise the powers and discharge the duties of the
Board in respect of the Plan so delegated to the same extent as the Board is
hereby authorized so to do; and

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

Terms or Amendments Requiring Disinterested Shareholder
Approval

2.9 The Company shall obtain Disinterested Shareholder Approval
prior to any of the following actions becoming effective:

(a) the Plan, together with all of the
Company’s other Share Compensation Arrangements, could result at any time
in:

(i) the aggregate number of Common
Shares reserved for issuance under Options granted to Insiders exceeding 10% of
the Outstanding Shares (in the event that this Plan is amended to reserve for
issuance more than 10% of the Outstanding Shares); 

(ii) the number of Optioned Shares
issued to Insiders within a one-year period exceeding 10% of the Outstanding
Shares (in the event that this Plan is amended to reserve for issuance more than
10% of the Outstanding Shares); or, 

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

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

ARTICLE 3
TERMS AND CONDITIONS OF OPTIONS

Exercise Price

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

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Term of Option

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

Option Amendment

3.3 Subject to §2.9(b), the Exercise Price of an Option may be
amended only if at least six (6) months have elapsed since the later of the date
of commencement of the term of the Option, the date the Common Shares commenced
trading on the TSX Venture, and the date of the last amendment of the Exercise
Price.

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

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

Vesting of Options

3.6 Subject to §3.7, vesting of Options shall be in accordance
with Schedule B attached hereto or otherwise, at the discretion of the Board,
and will generally be subject to:

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

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

Vesting of Options Granted to Consultants Conducting
Investor Relations Activities

3.7 Notwithstanding §3.6, Options granted to Consultants
conducting Investor Relations Activities will vest:

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

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

Optionee Ceasing to be Director, Employee or Service
Provider

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

- 9 -

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

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

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

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

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

Non Assignable

3.9 Subject to §3.8, all Options will be exercisable only by
the Optionee to whom they are granted and will not be assignable or
transferable.

Adjustment of the Number of Optioned Shares

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

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

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

- 10 -

which the right to purchase is then
being exercised, the lesser number of Common Shares as result from the
consolidation;

(c) in the event of any change of the
Common Shares as constituted on the date hereof, at any time while an Option is
in effect, the Company will thereafter deliver at the time of purchase of
Optioned Shares hereunder the number of shares of the appropriate class
resulting from the said change as an Optionee would have been entitled to
receive in respect of the number of Common Shares so purchased had the right to
purchase been exercised before such change;

(d) in the event of a capital
reorganization, reclassification or change of outstanding equity shares (other
than a change in the par value thereof) of the Company, a consolidation, merger
or amalgamation of the Company with or into any other company or a sale of the
property of the Company as or substantially as an entirety at any time while an
Option is in effect, an Optionee will thereafter have the right to purchase and
receive, in lieu of the Optioned Shares immediately theretofore purchasable and
receivable upon the exercise of the Option, the kind and amount of shares and
other securities and property receivable upon such capital reorganization,
reclassification, change, consolidation, merger, amalgamation or sale which the
holder of a number of Common Shares equal to the number of Optioned Shares
immediately theretofore purchasable and receivable upon the exercise of the
Option would have received as a result thereof. The subdivision or consolidation
of Common Shares at any time outstanding (whether with or without par value)
will not be deemed to be a capital reorganization or a reclassification of the
capital of the Company for the purposes of this §3.10;

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

(f) the Company will not be required to
issue fractional shares in satisfaction of its obligations hereunder. Any
fractional interest in a Common Share that would, except for the provisions of
this §3.10, be deliverable upon the exercise of an Option will be cancelled and
not be deliverable by the Company; and

(g) if any questions arise at any time
with respect to the Exercise Price or number of Optioned Shares deliverable upon
exercise of an Option in any of the events set out in this §3.10, such questions
will be conclusively determined by the Company’s auditors, or, if they decline
to so act, any other firm of Chartered Accountants, in Vancouver, British
Columbia (or in the city of the Company’s principal executive office) that the
Company may designate and who will be granted access to all appropriate records.
Such determination will be binding upon the Company and all Optionees.

- 11 -

ARTICLE 4
COMMITMENT AND EXERCISE
PROCEDURES

Option Commitment

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

Manner of Exercise

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

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

(b) a certified cheque, wire transfer
or bank draft payable to the Company for the aggregate Exercise Price by the
Optioned Shares being acquired.

Delivery of Certificate and Hold Periods

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

ARTICLE 5 
GENERAL

Employment and Services

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

No Representation or Warranty

5.2 The Company makes no representation or warranty as to the
future market value of Common Shares issued in accordance with the provisions of
the Plan or to the effect of the Income Tax Act (Canada) or any other
taxing statute governing the Options or the Common 

- 12 -

Shares issuable thereunder or the tax consequences to a Service
Provider. Compliance with applicable securities laws as to the disclosure and
resale obligations of each Participant is the responsibility of each Participant
and not the Company.

Interpretation

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

Continuation of Plan

5.4 The Plan will become effective from and after June 19,
2006, and will remain effective provided that the Plan, or any amended version
thereof receives Shareholder Approval at each annual general meeting of the
holders of Common Shares of the Company subsequent to June 19, 2006. 

SCHEDULE A 

SHARE OPTION PLAN 

OPTION COMMITMENT

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

At the date of grant of the Option, the Company is classified
as [a Tier ____ Issuer under TSX Venture Policies] [an NEX Issuer].

[Tier 2 if Plan Shares greater than 10%
only]Optioned Shares will vest and may be exercised as follows: 

{COMPLETE ONE} 

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

or 

____________ As follows: [INSERT VESTING
  SCHEDULE ][INSERT VESTING TERMS]

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

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

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

- 14 -

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

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

CONTINENTAL MINERALS CORPORATION

	 	 
	Authorized Signatory 	 
	 	 
	 	 
	(SIGNATURE OF OPTIONEE) 	 

 SCHEDULE B

 SHARE OPTION PLAN 

 VESTING SCHEDULE 

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

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

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

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

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

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

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

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

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

4. Options granted to Service Providers involved in Investor Relations Activities shall vest in accordance with §3.7 of the Plan.

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