Document:

OPTION AGREEMENT

THIS AGREEMENT is dated for reference the 17th day of November, 2009.

BETWEEN:

     TRANS  ATLANTIC  METALS AG, a body corporate  incorporated  pursuant to the
     laws of Switzerland, and having an office located at c/o Vernati Management
     Consulting,  Sonnhaldenstrasse 26, 6331 Hunenberg (Facsimile number: +41 21
     922 24 73)

     ("TAM")

                                                               OF THE FIRST PART

AND

     T.A. METALL, SWEDEN AG, a body corporate  incorporated pursuant to the laws
     of  Switzerland  and  having  an  office  located  at Box  24,  SE-772,  21
     Grangesberg, Sweden

     ("TA Metals")

     (TAM and TA Metals, collectively, the "Optionor")

                                                              OF THE SECOND PART

AND

     URANIUM INTERNATIONAL CORP., a body corporate  incorporated pursuant to the
     laws of the State of Nevada  and  having  an office at 10475  Park  Meadows
     Drive,  Suite 600, Lone Tree,  Colorado,  U.S.A.  80124 (Facsimile  number:
     778-370-0146)

     (the "Optionee")

                                                               OF THE THIRD PART

W H E R E A S:

A.  TA  Metals  holds  the  exclusive   option  from  Geoforum   Scandinavia  AB
("Geoforum")  to acquire a One Hundred  percent (100%) interest in the Property,
as more  particularly  described  in Schedule "A" attached to and made a part of
this  Agreement,  pursuant  to an option  agreement  dated  August 16, 2006 (the
"Mineral Property Option Agreement"), as more particularly described in Schedule
"B" attached to and made a part of this Agreement;

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B. TA Metals is a wholly-owned subsidiary of TAM;

C. The  Optionor  wishes to grant and the  Optionee  wishes to  acquire up to an
Eighty percent (80%) undivided  interest in and to the Property on the terms and
subject to the conditions set out in this Agreement.

     NOW  THEREFORE  THIS  AGREEMENT  WITNESSETH  that in  consideration  of the
premises and of the mutual promises, covenants, conditions,  representations and
warranties herein set out, the parties hereto agree as follows:

1.   INTERPRETATION

1.1 For the purposes of this Agreement, including the recitals and any schedules
hereto,  unless there is something in the subject matter or context inconsistent
therewith,  the  following  words  and  expressions  shall  have  the  following
meanings:

(a)  "Additional  Option" means the additional option granted by the Optionor to
     the Optionee under Section 3.2 of this Agreement;

(b)  "Affiliate"   means  that  one   corporation  is  affiliated  with  another
     corporation  if (i) one of them is a subsidiary of the other,  (ii) both of
     them are  subsidiaries  of the same  corporation,  or (iii) each of them is
     controlled by the same person;

(c)  "After  Acquired  Properties"  mean any and all mineral  interests  staked,
     located,  granted  or  acquired  by or on behalf of any  party  during  the
     currency of this Agreement which are located, in whole or in part, within 2
     kilometers of the perimeter of the Property;

(d)  "Agreement" means this Agreement, as amended from time to time;

(e)  "Commercial  Production" means the operation of the Property or any portion
     thereof  as a  producing  mine  and  the  production  of  mineral  products
     therefrom (excluding bulk sampling, pilot plant or test operations);

(f)  "Expenditures"  means all expenses,  obligations,  costs and liabilities of
     whatever  kind or nature spent or incurred  directly or  indirectly  by the
     operator up to the implementation of the production  program, in connection
     with the exploration and  development of the Property,  including,  without
     limiting the  generality of the foregoing,  moneys  expended in maintaining
     the Property in good  standing and in applying for and securing one or more
     mining  leases in respect of the  Property,  moneys  expended  in doing and
     filing  assessment  work,  expenses paid for or incurred in connection with
     any program of surface or underground prospecting,  exploring, geophysical,
     geochemical  and  geological  surveying,  diamond  drilling and  trenching,
     drifting,  raising and other underground  work,  assaying and metallurgical
     testing  and  engineering,  environmental  studies,  data  preparation  and
     analysis, data processing services, submissions to government agencies with
     respect  to  production  permits,  in  acquiring   facilities,   in  making
     contributions  to a contingency fund required by the operator in paying the
     fees, wages, salaries, travelling expenses, and fringe benefits (whether or
     not required by law) of all persons engaged in work with respect to and for
     the  benefit of the  Property,  in paying for the food,  lodging  and other
     reasonable  needs  of  such  persons  and  including  a  charge  in lieu of
     overhead,  management and other  unallocatable  costs, equal to the amounts
     determined (including administration fees payable to the operator).

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                                      -3-

     Expenditures  shall be deemed to be  incurred  upon the  earlier of (a) the
     date of  payment  of same;  or (b) the date upon  which  such  Expenditures
     become due and payable pursuant to the applicable contractual obligation;

(g)  "Mining  Work"  means  every  kind of work  done  on or in  respect  of the
     Property  or the  products  therefrom  by or under the  direction  of or on
     behalf  of or  for  the  benefit  of a  party  and,  without  limiting  the
     generality  of  the  foregoing,   includes  assessment  work,  geophysical,
     geochemical and geological surveying,  studies and mapping,  investigating,
     trenching, drilling, designing, examining, equipping, improving, surveying,
     shaft sinking, raising,  crosscutting and drifting, searching for, digging,
     trucking,  sampling,  working  and  procuring  minerals,  ores,  metals and
     concentrates,  surveying and bringing any mineral claims or other interests
     to lease or patent,  reporting and all other work usually  considered to be
     prospecting, exploration, development and mining work;

(h)  "Net Smelter Returns  Royalty" or "NSR" means a net smelter returns royalty
     payable by the  Optionee to the  Optionor  equal to One percent (1%) of the
     proceeds  from  production,  as described  in Schedule "C" hereto,  for all
     minerals derived from the Property, however, if the Optionor is entitled to
     any form of NSR from  another  source,  the NSR  hereunder  will be reduced
     accordingly so that the Optionor's aggregate net smelter returns royalty is
     no greater than One percent (1%);

(i)  "Option"  means the option  granted by the Optionor to the  Optionee  under
     Section 3.1 of this Agreement;

(j)  "Property" means the mineral property interests more particularly described
     in Schedule "A" hereto, together with the licences, surface rights, mineral
     rights,  personal  property  and permits  associated  therewith,  and shall
     include any renewal  thereof and any other form of successor or  substitute
     title thereto, and any After-Acquired Properties;

(k)  "Shares" shall have the meaning set out in paragraph 3.1(b); and

(l)  "Underlying  NSR" means a net smelter  returns  royalty payable to Geoforum
     equal to Two percent  (2%),  as  described in the Mineral  Property  Option
     Agreement.

1.2 In this  Agreement,  all dollar amounts are expressed in lawful  currency of
the United States of America, unless specifically provided to the contrary.

1.3 The titles to the respective Articles,  Sections and paragraphs hereof shall
not be deemed to be a part of this  Agreement  but shall be  regarded  as having
been used for convenience only.

1.4 Words used herein  importing  the singular  number shall include the plural,
and  vice-versa,  and words  importing  the  masculine  gender shall include the
feminine and neuter genders,  and vice-versa,  and words importing persons shall
include firms, partnerships and corporations.

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2.   REPRESENTATIONS AND WARRANTIES

2.1  Each party represents and warrants to the others that:

     (a)  if a company,  it is a company duly  incorporated,  validly subsisting
          and in good  standing  with respect to filing of annual  reports under
          the laws of the  jurisdiction of its  incorporation  and is or will be
          qualified  to do business  and to hold an interest in the  Property in
          the jurisdiction in which the Property is located;

     (b)  it has full power and  authority to carry on its business and to enter
          into this Agreement and any agreement or instrument  referred to in or
          contemplated by this Agreement and to carry out and perform all of its
          obligations and duties hereunder;

     (c)  it has duly obtained all  authorizations  for the execution,  delivery
          and  performance of this Agreement,  and such execution,  delivery and
          performance   and  the   consummation  of  the   transactions   herein
          contemplated  will not conflict  with, or accelerate  the  performance
          required  by or result in any breach of any  covenants  or  agreements
          contained in or constitute a default under,  or result in the creation
          of any  encumbrance,  lien  or  charge  under  the  provisions  of its
          constating  or  initiating  documents or any  indenture,  agreement or
          other  instrument  whatsoever to which it is a party or by which it is
          bound or to  which it may be  subject  and  will  not  contravene  any
          applicable laws.

2.2  Each of TAM and TA Metals represents and warrants to the Optionee that:

     (a)  Geoforum  is the sole  legal  and  beneficial  owner of a One  Hundred
          percent (100%)  interest in the  exploration  and mining licences (the
          "Licences") covering the Property;

     (b)  TA Metals  holds the  exclusive  right and  option  from  Geoforum  to
          acquire a One Hundred (100%)  percent  interest in the Property and to
          develop such Property  wholly or  individually  into a uranium mine on
          such  terms and  conditions  for such  development  as may be  legally
          permissible  under the laws of the Kingdom of Sweden as are applicable
          from time to time;

     (e)  there are no existing  defaults nor grounds therefor on the part of TA
          Metals under the Mineral Property Option Agreement,  and TA Metals has
          not  received  any notice  alleging  such  defaults  under the Mineral
          Property Option Agreement;

     (f)  TA  Metals  has  performed  all  obligations  and  requirements  to be
          performed by it pursuant to the terms of the Mineral Property
                  Option Agreement;

     (g)  TA Metals is the lawful owner of all right,  title and interest in and
          to the Mineral Property Option Agreement,  and has the right to assign
          the  Mineral  Property  Option  Agreement  and its title and  interest
          therein to the Optionee;

     (h)  the Mineral Property Option Agreement is a valid and binding agreement
          and is fully enforceable in accordance with its terms;

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                                      -5-

     (i)  they have not done or permitted  any act,  matter or thing whereby the
          Mineral  Property Option  Agreement has been assigned,  in whole or in
          part, or encumbered;

     (j)  there are no  disputes  of which TA Metals is aware  between TA Metals
          and any third  parties  in  respect  to the  Mineral  Property  Option
          Agreement;

     (d)  the Property is  assignable  by the Optionor to the Optionee  free and
          clear of all liens,  charges and  encumbrances,  other than  expressly
          disclosed  by  the  Optionor  to  the  Optionee  in  writing  as  more
          particularly  described in Schedule "D" hereto,  and is not subject to
          any right, claim or interest of any other person;

     (e)  the Property is in good  standing with respect to the filing of annual
          assessment work (if any), fees and taxes;

     (f)  they have  complied  with all laws in effect  in the  jurisdiction  in
          which the Property is located with respect to the  Property,  and such
          Property has been duly and properly recorded and located in accordance
          with such laws,  and that the Optionee may enter in, under or upon the
          Property for all purposes of this Agreement without making any payment
          to, and without  accounting  to or obtaining  the  permission  of, any
          other  person  other than any  payment  required to be made under this
          Agreement;

     (g)  there is no adverse claim or challenge  against or to the ownership of
          or title to the  Property,  or any  portion  thereof  nor is there any
          basis therefor and there are no  outstanding  agreements or options to
          acquire or purchase  the  Property or any portion  thereof or interest
          therein  and no  person  has any  royalty,  other  than the  Underling
          Royalty,  or interest  whatsoever  in  production  or profits from the
          Property or any portion thereof; and

     (h)  to the  best  of its  knowledge,  conditions  on and  relating  to the
          Property and operations  conducted  thereon are in compliance with all
          applicable  laws,  regulations  or orders  relating  to  environmental
          matters including, without limitation, waste disposal and storage;

     (i)  there  are  no   outstanding   orders  or   directions   relating   to
          environmental  matters  requiring any work,  repairs,  construction or
          capital  expenditures  with respect to the Property and the conduct of
          the operations related thereto,  nor has it received any notice of the
          same,  and it is not aware of any  basis on which  any such  orders or
          direction could be made; and

     (j)  it is not aware of any  material  fact or  circumstance  which has not
          been  disclosed to the Optionor  which should be disclosed in order to
          prevent the  representations and warranties in this section from being
          misleading  or which may be  material  in the  Optionor's  decision to
          enter into this Agreement and acquire an interest in the Property.

2.3  The  representations and warranties  hereinbefore set out are conditions on
which the  parties  have  relied in  entering  into  this  Agreement,  are to be
construed  as both  conditions  and  warranties  and  shall,  regardless  of any
investigation  which  may have  been made by or on behalf of any party as to the

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accuracy  of such  representations  and  warranties,  survive the closing of the
transaction  contemplated hereby and each of the parties will indemnify and save
the other harmless from all loss, damage,  costs,  actions and suits arising out
of or in connection with any breach of any  representation or warranty contained
in this  Agreement,  and each party shall be entitled,  in addition to any other
remedy to which it may be  entitled,  to set off any such loss,  damage or costs
suffered by it as a result of any such breach against any payment required to be
made by it to any other party hereunder.

3.   OPTION

3.1  The Optionor  hereby  irrevocably  grants  to the  Optionee  the  sole  and
exclusive  right and  option to  acquire a  Fifty-One  percent  (51%)  undivided
interest in and to the Property (the grant of the Option includes the Optionor's
direct and indirect interests in the Licences to explore for uranium and related
derivatives  (hereinafter  generally  described as "Uranium") on the  Property),
free and clear of all liens, charges, encumbrances, claims, royalties, rights or
interest of any other person, such option to be exercisable by the Optionee:

     (a)  paying to the Optionor by certified cheque or bank draft as follows:

          (i)  Twenty-Five  Thousand Dollars  ($25,000) on the date of execution
               of this Agreement; and

          (ii) an additional Twenty-Five Thousand Dollars ($25,000) on or before
               one year  from  the  date of  execution  of this  Agreement  (the
               "Anniversary  Date"),  and upon each and every  Anniversary  Date
               thereafter  until either the Option is exercised and the Optionee
               acquires an eighty percent (80%) interest in the Property or this
               Agreement is terminated, as the case may be;

     (b)  issuing to the  Optionor  a total of One  Hundred  Thousand  (100,000)
          common shares of the capital of the Optionee (the  "Shares"),  subject
          to such  resale  restrictions  and  legends  as may be  imposed by the
          applicable securities laws, as follows:

          (i)  50,000 Shares on or before the first  Anniversary  Date (provided
               that all liens against the Property have been removed); and

          (ii) an additional  50,000 Shares on or before the second  Anniversary
               Date  (provided  that all liens  against the  Property  have been
               removed); and

     (c)  by incurring a total of Seven Hundred Thousand  Dollars  ($700,000) in
          Expenditures on the Property as follows:

          (i)  Three Hundred Thousand Dollars  ($300,000) in Expenditures  prior
               to the first Anniversary Date; and

          (ii) an  additional  Four  Hundred  Thousand  Dollars   ($400,000)  in
               Expenditures prior to the second Anniversary Date.

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3.2  The Optionor  hereby  irrevocably  grants  to the  Optionee  the  sole  and
exclusive  right and option (the  "Additional  Option") to acquire an additional
Twenty-Nine  percent (29%)  undivided  interest in and to the  Property,  for an
aggregate 80% undivided  interest in the Property,  (the grant of the Option and
the Additional Option includes the Optionor's  direct and indirect  interests in
the  Licences  to explore for  Uranium on the  Property),  free and clear of all
liens, charges, encumbrances, claims, royalties, rights or interest of any other
person, such option to be exercisable by the Optionee:

     (a)  exercising the Option in accordance with the provisions of Section 3.1
          hereof; and

     (b)  by incurring an  additional  Three  Million  Dollars  ($3,000,000)  in
          Expenditures on the Property prior to the seventh Anniversary Date.

3.3  In the event that  during any of the time  periods specified  in  paragraph
3.1(c),  the Optionee incurs  Expenditures that exceed the minimum  Expenditures
required to be expended during a particular time period,  the excess amount will
be  credited  towards  the  requirements  of the  next  succeeding  time  period
(including  paragraph  3.2(b)),  and such Expenditures may be accelerated at the
Optionee's sole discretion.

3.4  In the event  any  option  payment,  share  issuance, or the  minimum  work
requirements for any time period are not met pursuant to Section 3.1 or 3.2, the
Option or the Additional Option, as applicable,  will terminate,  subject to the
notice   provisions  of  Section  20.1  below,  and  subject  to  the  following
provisions:

     (a)  If the Expenditures  incurred pursuant to paragraphs  3.1(c)(i) and/or
          (ii)  are  less  than  the  stipulated   aggregate  minimums  for  the
          respective time period  specified  therein,  then the Optionee may, at
          its sole  discretion,  continue to exercise the Option and acquire its
          additional   interests   under   paragraphs   3.1(a),   (b)  or   (c),
          respectively,  by paying the amount of the  deficiency to the Optionor
          within sixty (60) days following the applicable Anniversary Date;

     (b)  If the Expenditures incurred pursuant to Section 3.2 are less than the
          stipulated aggregate minimums for the respective time period specified
          therein,  then the Optionee may, at its sole  discretion,  continue to
          exercise the Additional  Option and acquire its  additional  interests
          under  Section  3.2,  respectively,   by  paying  the  amount  of  the
          deficiency  to the  Optionor  within  sixty  (60) days  following  the
          applicable Anniversary Date; and

     (c)  If the  Expenditures  incurred  pursuant to paragraph  3.2(b) are less
          than the stipulated aggregate minimum prior to the seventh Anniversary
          Date,  the  Optionee  will  have the right to extend  the  period  for
          incurring the Three Million Dollars ($3,000,000) in Expenditures under
          paragraph  3.2(b) by up to an additional two (2) years by paying a One
          Hundred Thousand Dollar ($100,000) delay payment (the "Delay Payment")
          to the  Optionor  within  sixty  (60)  days of the end of the  seventh
          Anniversary  Date. In the event the Optionee pays the Delay Payment to
          the Optionor  within such date,  the Optionee will have the additional
          two years during which to either  incur the required  Expenditures  or
          pay the amount of the  deficiency  to the  Optionor  within sixty (60)
          days  following the ninth  Anniversary  Date, in order to exercise the
          Additional Option.

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3.5  The Optionee acknowledges that on commencement of Commercial Production,the
Property will be subject to the Net Smelter  Returns  Royalty and the Underlying
NSR.

4.   TRANSFER OF PROPERTY

4.1  Upon execution of this Agreement,the Optionor will forthwith deliver to the
Optionee's nominee to hold in trust for the parties in accordance with the terms
of this Agreement:

     (a)  A registrable  transfer or transfers of the Licences and  exploitation
          concessions  comprising the Property,  or such other instrument as may
          be  required  pursuant  to the laws of the Kingdom of Sweden to effect
          such transfer,  transferring to the Optionee up to a Fifty-One percent
          (51%) undivided interest therein, and the Optionee will be entitled to
          immediately  register the  transfer or transfers  against the title to
          those Licences, concessions and Property;

     (b)  A registrable  transfer or transfers of the Licences and  exploitation
          concessions  comprising the Property,  or such other instrument as may
          be  required  pursuant  to the laws of the Kingdom of Sweden to effect
          such  transfer,  transferring  to  the  Optionee  up to an  additional
          Twenty-Nine percent (29%) undivided interest therein, and the Optionee
          will be entitled to  immediately  register  the  transfer or transfers
          against the title to those Licences, concessions and Property; and

     (c)  The transfer and  assignment of any option,  right of refusal or other
          claim to the Property  held by the Optionor or through the Optionor by
          any third party, all of which are disclosed in Schedule "D" hereto, to
          the  Optionee or its  nominee on the same terms and in good  standing,
          and the Optionee or its nominee will assume all rights and obligations
          of the Optionor under any such option, right of refusal or other claim
          to the Licences or  Property,  from and after the date of execution of
          this Agreement.

5.   JOINT VENTURE

5.1  In the event that the Optionee:

     (a)  exercises the Option in accordance  with the terms of this  Agreement,
          then the Optionee  shall have a period of one hundred and twenty (120)
          days following the second  Anniversary  Date to notify (the "Notice of
          Election") the Optionor that the Optionee  elects to establish a joint
          venture  with the Optionor (a failure to elect within such time period
          will be deemed to be a decision by the  Optionee of its  intention  to
          exercise the Additional Option);

     (b)  exercises  the Option and makes the Notice of Election  in  accordance
          with the terms of this  Agreement and provides  notice to the Optionor
          that the Optionee no longer intends to exercise the Additional Option;
          or

     (c)  exercises  the Option and  Additional  Option in  accordance  with the
          terms of this Agreement;

then the  Optionor  and the  Optionee  agree that a joint  venture  (the  "Joint
Venture")  will  be  deemed  to  have  automatically   formed  for  the  further
exploration  and  development  of  the  Property,  sharing  the  costs  of  such

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                                      -9-

exploration and development in accordance with their respective interests in the
Property,  and the parties  agree to  negotiate,  in good faith and enter into a
formal joint venture agreement (the "Joint Venture Agreement") incorporating the
material terms set out in Schedule "E" attached hereto.

6.   ARBITRATION AND LITIGATION

6.1  Any dispute between the parties concerning any matter or thing arising from
this  Agreement  may be  referred  to a  mutually  agreeable  professional  (the
"Arbitrator").  In the  event  that the  parties  cannot  mutually  agree on the
appointment  of an Arbitrator  within  fifteen (15) days of written  notice of a
disagreement  or dispute under this  Agreement,  the single  Arbitrator  will be
appointed by the British Columbia  International  Commercial  Arbitration Centre
("BCICAC") of Vancouver,  British  Columbia,  as the appointing  authority.  The
appointment  of any additional  Arbitrators  will be with the mutual consent and
agreement of the parties and in the absence of such a sole  Arbitrator will hear
the Arbitration.

6.2  For any disagreement or dispute referred to arbitration, resolution will be
determined by arbitration pursuant to the Rules of Procedure  established by the
BCICAC, and it will be conducted in Vancouver,  British Columbia or as otherwise
may be agreed as convenient for the parties.  The cost of such arbitration shall
initially be born equally by the Optionee and the Optionor. Any arbitration will
determine,  with  finality,  any  disagreement  or dispute and the  Arbitrator's
decision  will be binding and final on the  parties  from which there will be no
appeal.  In the event that one party alleges a default or breach which the other
denies, or a failure to satisfactorily  cure a default,  then the Arbitrator may
make an order to relieve  against  forfeiture  or set out the required  terms to
cure the default.  An Arbitrator will also decide matters  including the cost of
the arbitration, and the Arbitrator is hereby authorized and instructed to award
up to One Hundred  percent  (100%)  costs on a  solicitor  own client or special
costs basis,  as  warranted,  to the  successful  party in  connection  with any
arbitration.  In the event a party fails or is otherwise unable to pay its share
of any costs under this provision,  the other party is hereby authorized but not
obligated to make that  payment and deduct the same from any money  claimed owed
by the unsuccessful party to the arbitration.

6.3  Notwithstanding  the parties may  arbitrate  any  dispute,  matter or issue
pertaining to this Agreement, nothing herein requires the parties to limit their
alternative dispute resolution efforts to only Arbitration. However, the parties
agree that any Arbitration  proceeding will be commenced in British  Columbia as
provided in this Section 6.

6.4  Nothing herein  precludes, prevents or limits any dispute,  matter or issue
pertaining to this  Agreement from being  litigated  before a court of competent
jurisdiction  to hear such  matters in the  jurisdiction  of the State of Nevada
which is also the law of the contract  between the  parties,  unless the parties
mutually  agree  in  writing  to  attorn  to a  different  jurisdiction  for the
commencement of legal proceedings.

7.   RIGHT OF ENTRY

7.1  Except as  otherwise provided in this  Agreement,  until the Option and the
Additional Option, if applicable,  is exercised or terminated in accordance with
the terms of this  Agreement,  the Optionee,  its servants and agents shall have
the sole and exclusive right to:

     (a)  enter in, under or upon the Property and conduct Mining Work;

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                                      -10-

     (b)  exclusive and quiet possession of the Property;

     (c)  bring upon the Property and to erect thereon such mining facilities as
          it may consider advisable; and

     (d)  remove from the  Property  ore or mineral  products for the purpose of
          bulk sampling, pilot plant or test operations.

7.2  The Optionee grants to the Optionor or its duly  authorized representatives
in writing, access to the Properties provided that such access is not disruptive
to the exploration or mining activities of the Optionee.

8.   POWERS, DUTIES AND OBLIGATIONS OF OPTIONEE

8.1  The Optionee shall have full right,  power and  authority to do  everything
necessary or desirable to carry out an  exploration  program on the Property and
to determine  the manner of  exploration  and  development  of the Property and,
without limiting the generality of the foregoing, the right, power and authority
to:

     (a)  regulate  access  to the  Property,  subject  only to the right of the
          Optionor and its representatives to have access to the Property at all
          reasonable times for the purpose of inspecting work being done thereon
          but at their own risk and expense;

     (b)  employ and engage such employees,  agents and independent  contractors
          as it may consider  necessary or advisable to carry out its duties and
          obligations  hereunder  and in this  connection to delegate any of its
          powers and rights to perform its duties and obligations  hereunder but
          the Optionee shall not enter into contractual  relationships except on
          terms which are commercially competitive;

     (c)  execute all documents,  deeds and instruments,  do or cause to be done
          all such  acts and  things  and  give  all such  assurances  as may be
          necessary to maintain good and valid title to the  Property,  and each
          party hereby irrevocably  constitutes the Optionee its true and lawful
          attorney  to give  effect to the  foregoing  and the  Optionee  hereby
          agrees to indemnify  and save the Optionor  harmless  from any and all
          costs,  loss or damage  sustained or incurred without gross negligence
          or bad faith by the Optionor directly or indirectly as a result of the
          Optionee's  exercise of its powers pursuant to this paragraph  8.1(c);
          and

     (d)  conduct such title  examinations and cure such title defects as may be
          advisable in the reasonable judgment of the Optionee.

8.2  The Optionee shall have the duties and obligations to:

<PAGE>

                                      -11-

     (a)  keep the Property free and clear of all liens and encumbrances arising
          from its operations hereunder (except liens contested in good faith by
          the Optionee) and in good standing by the doing and filing, or payment
          in lieu thereof,  of all necessary  assessment work and payment of all
          taxes  required  to be paid  and by the  doing of all  other  acts and
          things and the making all other payments required to be made which may
          be necessary in that regard;

     (b)  permit the Optionor and its representatives, duly authorized by it, in
          writing, at their own risk and expense,  access to the Property at all
          reasonable  times  and to all  records  prepared  by the  Optionee  in
          connection with Mining Work;

     (c)  conduct all work on or with  respect to the  Property in a careful and
          minerlike  manner and in accordance  with the  applicable  laws of the
          jurisdiction  in which the Property is located and  indemnify and save
          the Optionor  harmless from any and all claims,  suits or actions made
          or  brought  against  the  Optionor  as a result  of work  done by the
          Optionee on or with respect to the Property; and

     (d)  maintain  true and correct  books,  accounts and records of operations
          hereunder.

9.   VESTING OF INTEREST

9.1  Forthwith  upon the  Optionee  exercising  the  Option  by  performing  the
requirements of Section 3.1, a Fifty-One percent (51%) undivided interest in and
to the Property shall vest, and shall be deemed for all purposes  hereof to have
vested, in the Optionee.

9.2  Upon completion of  the option  payments and share issuances  and incurring
the  Expenditures  outlined  in Section  3.1,  the  Optionee  shall be  entitled
forthwith to record such transfer  documents  outlined in Section  4.1(a) in the
appropriate  land title  office in the  jurisdiction  in which the  Property  is
located,  but shall hold such interest in the Property at all times  pursuant to
the terms of this Agreement.

9.3  Forthwith upon the Optionee  exercising the Additional Option by performing
the  requirements of Section 3.2, an additional  undivided  Twenty-Nine  percent
(29%)  interest in and to the Property  shall vest,  and shall be deemed for all
purposes hereof to have vested, in the Optionee.

9.4  Upon completion of the option payments and share  issuances  and  incurring
the Expenditures outlined in Section 3.1 and incurring the Expenditures outlined
in Section 3.2, the Optionee shall be entitled forthwith to record such transfer
documents outlined in Section 4.1(b) in the appropriate land title office in the
jurisdiction  in which the Property is located,  but shall hold such interest in
the Property at all times pursuant to the terms of this Agreement.

9.5  The parties acknowledge  the  right  and  privilege  of  the  Optionor  and
Optionee to file,  register  and/or to  otherwise  deposit a  memoradum  of this
Agreement,  caveat,  or lis  pendens at any time in the  appropriate  land title
office  for the  jurisdiction  in which the  Property  is  located to give third
parties notice of this Agreement,  and hereby agree,  each with the other, to do
or cause to be done all acts or  things  reasonably  necessary  to  effect  such
registration to the extent permitted by law.

<PAGE>

                                      -12-

10.  TERMINATION OF OPTION

10.1 In the event of default in the  performance of the  requirements of Section
3.1,  then  subject to the  provisions  of Section 10.3 of this  Agreement,  the
Option and this Agreement shall terminate.

10.2 The Optionee shall have the right to terminate this  Agreement,  or abandon
all right,  title and interest in any portion of the Property,  by giving thirty
(30) days' written  notice of such  termination  or abandonment to the Optionor,
and  upon  the  effective  date  of  such  termination  of  this  Agreement,  or
abandonment  of any  portion  of the  Property,  this  Agreement  shall be of no
further force and effect to the extent of such termination or abandoned  portion
of  the  Property,  except  the  Optionee  shall  be  required  to  perform  any
obligations which are the  responsibility of the Optionee as specified under the
provisions of this Agreement and which have not been satisfied.

10.3 Notwithstanding  any other  provisions of this Agreement,  in  the event of
termination  of  this  Agreement,  or  the  abandonment  of any  portion  of the
Property, the Optionee shall:

     (a)  transfer or  re-transfer  the  Licences  and/or the  Property,  or the
          portion thereof abandoned,  to the Optionor,  provided always that the
          Property  shall,  at the date of such  transfer  or  re-transfer,  all
          annual assessment  fees/property  taxes on the Property will have been
          paid up to and including the effective date of termination or the date
          abandonment occurs;

     (b)  deliver to the Optionor any and all reports,  samples, drill cores and
          engineering data of any kind whatsoever  pertaining to the Property or
          related to Mining Work which has not been previously  delivered to the
          Optionor;

     (c)  perform or secure the performance of all reclamation and environmental
          rehabilitation as may be required by all applicable legislation; and

     (d)  upon notice from the  Optionor,  remove all  materials,  supplies  and
          equipment from the Property, or from the portion thereof so abandoned,
          provided however, that the Optionor may dispose of any such materials,
          supplies or equipment not removed from the Property within one hundred
          and eighty (180) days of receipt of such notice by the Optionee.

11.  CONFIDENTIALITY

11.1 All  information  and data  concerning or derived from Mining Work shall be
confidential  and,  except to the extent required by law or by regulation of any
securities  commission,  stock exchange or other  regulatory  body, shall not be
disclosed  to any  person  other  than a  party's  professional  advisors  or an
Affiliate without the prior written consent of the other party or parties, which
consent shall not unreasonably be withheld.

11.2 The text of any news  releases  or other  public  statements  which a party
desires to make with  respect to the  Property  shall be made  available  to the
other party or parties prior to publication and the other party or parties shall
have the right to make  suggestions for changes therein within  twenty-four (24)
hours of delivery.

<PAGE>

                                      -13-

12.  RESTRICTIONS ON ALIENATION

12.1 No party (the  "Selling  Party")  shall  sell,  transfer,  convey,  assign,
mortgage or grant an option in respect of or grant a right to purchase or in any
manner  transfer or alienate  all or any portion of its interest or rights under
this Agreement  without the prior consent in writing,  within 30 days of receipt
of notice  thereof,  of the other parties,  such consent not to be  unreasonably
withheld,  and the  failure to notify the Selling  Party  within the said thirty
(30) days that such consent has been withheld  shall be deemed to constitute the
consent of the other parties.

12.2 Before the completion of any sale or other  disposition by any party of its
interests or rights or any portion  thereof  under this  Agreement,  the Selling
Party shall  require the proposed  acquirer to enter into an agreement  with the
party or  parties  not  selling  or  otherwise  disposing  on the same terms and
conditions as set out in this Agreement.

12.3 The  provisions  of  Sections  12.1 and 12.2 shall not prevent a party from
entering into an  amalgamation or corporate  reorganization  which will have the
effect  in law of the  amalgamated  or  surviving  company  possessing  all  the
property,  rights and interests and being subject to all the debts,  liabilities
and obligations of each amalgamating or predecessor  company, or prevent a party
from  assigning  its interest to an Affiliate  of such party  provided  that the
Affiliate  first complies with Section 12.2 and agrees in writing with the other
parties  to  re-transfer  such  interest  to  the  originally   assigning  party
immediately before ceasing to be an Affiliate of such party.

13.  AFTER ACQUIRED PROPERTIES

13.1 The parties  covenant  and agree,  each with the others,  any and all After
Acquired  Properties  shall be  subject  to the  terms  and  conditions  of this
Agreement  and shall be added to and  deemed,  for all  purposes  hereof,  to be
included  in the  Property.  Any costs  incurred  by the  Optionee  in  staking,
locating,  recording or otherwise  acquiring any After Acquired Properties shall
be included in the calculation of its Expenditures hereunder.

14.  PERSONAL INFORMATION

14.1 This Agreement requires the Optionor to provide certain personal, corporate
or otherwise  confidential  information (the "Optionor's Personal  Information")
concerning the Optionor to securities regulatory  authorities.  Such information
is being collected by the regulatory  authorities for the purposes of completing
this transaction, which includes, without limitation, determining the Optionor's
eligibility  with  respect to the  issuance of the common  shares in the capital
stock of the Optionee and completing  filings  required by any stock exchange or
other securities regulatory  authority.  The Optionor's personal information may
be disclosed by the Optionee to: (a) stock  exchanges or  securities  regulatory
authorities, (b) the Optionee's registrar and transfer agent, and (c) any of the
other parties  involved in this  transaction to whom the Optionee have a duty of
disclosure. By executing this Agreement, the Optionor is deemed to be consenting
to the  foregoing  collection,  use and  disclosure of the  Optionor's  Personal
Information.  The Optionor also consents to the filing of copies or originals of
any of the Optionor's  documents  described in this Agreement as may be required
to be filed  with any stock  exchange  or  securities  regulatory  authority  in
connection with the transactions contemplated hereby.

<PAGE>

                                      -14-

15.  FURTHER ASSURANCES

15.1 Each of the  parties  covenants  and  agrees,  from time to time and at all
times,  to do all such  further  acts and execute  and deliver all such  further
deeds,  documents and assurances as may be reasonably required in order to fully
perform and carry out the terms and intent of this Agreement.

16.  NOTICE

16.1 The  parties  agree that where any notice is required  or  permitted  to be
given or delivered it may be  effectively  given or delivered if it is delivered
personally,  by  electronic  mail  ("email")  or by mailing  the same by prepaid
registered  or  certified  mail or by  facsimile  ("Fax") at the postal or email
addresses  or  facsimile  numbers  set out above or to such other  addresses  or
facsimile  numbers as the party  entitled to or receiving such notice may notify
the other  parties as provided for herein.  Delivery will be deemed to have been
received:

     (a)  the  same  day  if  given  by  personal   service  or  if  transmitted
          electronically by email or Fax; or

     (b)  ten (10) business days following the day of posting if sent by regular
          post, except in the event of disruption of the postal service in which
          event  notice  will  be  deemed  to be  received  only  when  actually
          received.

16.2 Any party  may at any time give  notice  in  writing  to the  others of any
change of  address,  and from and after the giving of such  notice,  the address
therein  specified  will be  deemed  to be the  address  of such  party  for the
purposes of giving notice hereunder.

17.  TIME OF THE ESSENCE

17.1 Time shall be of the essence in the performance of this Agreement.

18.  ENUREMENT

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

19.  FORCE MAJEURE

19.1 No party will be liable for its failure to perform  any of its  obligations
under this Agreement due to a cause beyond its reasonable  control (except those
caused by its own lack of funds)  including,  but not  limited  to, acts of God,
fire,  storm,   flood,   explosion,   strikes,   lockouts  or  other  industrial
disturbances;  acts of public enemy,  war,  riots,  civil strife,  insurrection,
rebellion or disobedience  on behalf of any third party or group;  other actions
by citizen groups,  including but not limited to environmental  organizations or
native rights  groups;  inability to obtain on reasonably  acceptable  terms any
public  or  private  license,  permit  or other  authorization;  curtailment  or
suspension  of  activities  to remedy or avoid an actual or alleged,  present or
prospective  violation of  environmental  protection laws; other laws, rules and
regulations  or  orders  of any  duly  constituted  governmental  authority,  or
non-availability of materials or transportation (each an "Intervening Event").

<PAGE>

                                      -15-

19.2 All time  limits  imposed by this  Agreement  will be  extended by a period
equivalent to the period of delay resulting from an Intervening Event.

19.3 A party  relying on the  provisions  of  Section  19.1  hereof,  insofar as
possible,  shall  promptly  give  written  notice  to  the  other  party  of the
particulars  of the  Intervening  Event,  shall give written notice to all other
parties  as soon as the  Intervening  Event  ceases  to  exist,  shall  take all
reasonable  steps to  eliminate  any  Intervening  Event  and will  perform  its
obligations under this Agreement as far as practicable,  but nothing herein will
require  such party to settle or adjust any labour  dispute or to question or to
test the validity of any law, rule,  regulation or order of any duly constituted
governmental authority or to complete its obligations under this Agreement if an
Intervening Event renders completion impossible.

20.  DEFAULT

20.1 If a party (the "Defaulting Party") is in default of any requirement herein
set forth, the party affected by such default (the "Non-Defaulting Party") shall
give written  notice to all other  parties  within  thirty (30) days of becoming
aware of such default,  specifying the default,  and the Defaulting  Party shall
not lose any rights under this Agreement,  nor shall the Agreement or the Option
terminate, nor shall the Non-Defaulting Party have any rights, remedies or cause
of action pursuant to this Agreement, or otherwise hereunder as a result of such
default,  unless within sixty (60) days after the giving of notice of default by
the Non-Defaulting Party, the Defaulting Party has failed to cure the default by
the  appropriate  performance,  and if the  Defaulting  Party fails  within such
period  to cure  such  default,  the  Non-Defaulting  Party  shall  only then be
entitled to seek any remedy it may have on account of such default.

21.  SEVERABILITY

21.1 If any one or more of the  provisions  contained  herein should be invalid,
illegal or  unenforceable  in any  respect in any  jurisdiction,  the  validity,
legality and  enforceability of such provisions shall not in any way be affected
or impaired  thereby in any other  jurisdiction  and the validity,  legality and
enforceability of the remaining provisions contained herein shall not in any way
be affected or impaired thereby.

22.  AMENDMENT

22.1 This  Agreement  may not be  changed  orally  but only by an  agreement  in
writing,  signed  by  the  party  against  which  enforcement,  waiver,  change,
modification or discharge is sought.

23.  ENTIRE AGREEMENT

23.1 This  Agreement   constitutes   and  contains  the  entire   agreement  and
understanding   between  the  parties  and  supersedes  all  prior   agreements,
memoranda,  correspondence,  communications,  negotiations and  representations,
whether oral or written, express or implied,  statutory or otherwise between the
parties or any of them with respect to the subject matter hereof.

<PAGE>

                                      -16-

24.  OPTION ONLY

24.1 This  Agreement  provides  for an option only,  and except as  specifically
provided  otherwise,  nothing herein  contained shall be construed as obligating
the Optionee to do any acts or make any payments  hereunder  and any act or acts
or payment or  payments as shall be made  hereunder  shall not be  construed  as
obligating the Optionee to do any further act or make any further payment.

25.  GOVERNING LAW

25.1 This Agreement,  will be governed and construed in accordance with the laws
of the State of Nevada,  unless it is mutually  agreed by the parties in writing
that the law and jurisdictional venue of some other jurisdiction will be adopted
and agreed upon as the applicable  substantive or procedural laws for a specific
matter or proceeding rather than the laws of Nevada.

26.  COUNTERPARTS

26.1 This Agreement may be executed in two or more  counterparts,  each of which
will be  deemed  an  original  and all of which  together  will  constitute  one
complete  Agreement  duly  executed  by  the  parties.  Where  counterparts  are
delivered in original or faxed form or by scanned e-mail,  the parties adopt any
signature  received  by a  receiving  fax  machine  or  e-mail  as the  original
signatures of the parties.

     IN WITNESS  WHEREOF the parties have executed this Agreement as of the day,
month and year first above written.

THE COMMON SEAL of TRANS ATLANTIC METALS AG was hereto             )
affixed in the presence of:                                        )
                                                                   )
                                                                   )
                                                                   )
Authorized Signatory                                               )         c/s
                                                                   )
                                                                   )
                                                                   )
Authorized Signatory                                               )
                                                                   )
                                                                   )

<PAGE>

                                      -17-

THE COMMON SEAL of T.A. METALS, SWEDEN AG was hereto affixed       )
in the presence of:                                                )
                                                                   )
                                                                   )
                                                                   )
Authorized Signatory                                               )         c/s
                                                                   )
                                                                   )
                                                                   )
Authorized Signatory                                               )
                                                                   )
                                                                   )

THE COMMON SEAL of URANIUM INTERNATIONAL CORP. was hereto          )
affixed in the presence of:                                        )
                                                                   )
                                                                   )
                                                                   )
Authorized Signatory                                               )         c/s
                                                                   )
                                                                   )
                                                                   )
Authorized Signatory                                               )
                                                                   )

<PAGE>

THIS IS SCHEDULE "A" TO THE OPTION  AGREEMENT  DATED FOR REFERENCE  NOVEMBER 17,
2009  BETWEEN  TRANS  ATLANTIC  METALS AG,  T.A.  METALS,  SWEDEN AG AND URANIUM
INTERNATIONAL CORP.

                             DESCRIPTION OF PROPERTY

A.   LICENCES

1.

2.

3.

4.

B.   PROPERTIES

1.   Bjorklund  in the commune of  Arvidsjaur,  permit n:o 173 year 2005 renewed
     until 12 September 2011

2.   Labbas in the commune of Arjeplog,  permit n:o 176 year 2005 renewed  until
     12 September 2011

3.   Marrviken  in the commune of  Harjedalen,  permit n:o 174 year 2005 renewed
     until 12 September 2011

4.   Staverberget in the commune of Harjedalen, permit n:o 175 year 2005 renewed
     until 12 September  2011  Staverberget  n:o 2 in the commune of Harjedalen,
     permit n:o 6 year 2007 renewed until September 12, 2011.

<PAGE>

THIS IS SCHEDULE "B" TO THE OPTION  AGREEMENT  DATED FOR REFERENCE  NOVEMBER 17,
2009  BETWEEN  TRANS  ATLANTIC  METALS AG,  T.A.  METALS,  SWEDEN AG AND URANIUM
INTERNATIONAL CORP.

                        MINERAL PROPERTY OPTION AGREEMENT

<PAGE>

THIS IS SCHEDULE "C" TO THE OPTION  AGREEMENT  DATED FOR REFERENCE  NOVEMBER 17,
2009  BETWEEN  TRANS  ATLANTIC  METALS AG,  T.A.  METALS,  SWEDEN AG AND URANIUM
INTERNATIONAL CORP.

                           NET SMELTER RETURNS ROYALTY

1.   All capitalized  terms used herein shall have the meanings assigned to them
     in the Option Agreement.

2.   For the  purposes of the Option  Agreement  to which this  Schedule  "C" is
     appended,  the term "Net Smelter Returns" shall, subject to paragraphs 3, 4
     and 5 below,  mean gross revenues received from the sale by the Optionee of
     all ore  mined  from the  Property  and from  the sale by the  Optionee  of
     concentrate,  metal and products  derived from ore mined from the Property,
     after deduction of the following:

     (a)  all smelting  and refining  costs,  sampling,  assaying and  treatment
          charges  and  penalties  including  but not  limited to metal  losses,
          penalties  for  impurities  and  charges  for  refining,  selling  and
          handling by the smelter,  refinery or other purchaser (including price
          participation charges by smelters and/or refiners);

     (b)  costs of handling,  transporting,  securing and insuring such material
          from the Property or from a concentrator,  whether  situated on or off
          the Property, to a smelter,  refinery or other place of treatment, and
          in the case of gold or silver concentrates, security costs;

     (c)  government  royalties,  ad valorem taxes and taxes based upon sales or
          production,  but not income taxes;  and (d) sales  commissions (not to
          exceed  three  percent  (3%))  incurred  in selling ore mined from the
          Property and from  concentrate,  metal and  products  derived from ore
          mined from the Property.

3.   (a)  Where revenue  otherwise  to be  included  under  this Schedule "C" is
          received by the Optionee in a transaction with a party with whom it is
          not dealing at arm's length, the revenue to be included shall be based
          on the fair market  value under the  circumstances  and at the time of
          the transaction.

     (b)  Where a cost otherwise  deductible under this Schedule "C" is incurred
          by the  Optionee  in a  transaction  with a party  with whom it is not
          dealing at arm's  length,  the cost to be  deducted  shall be the fair
          market  cost  under  the   circumstances   and  at  the  time  of  the
          transaction.

4.   The Optionee and the person  receiving a percentage of Net Smelter  Returns
     hereby  expressly  agree  that in no  event  shall  the  Optionee  have any
     liability to the person  receiving a percentage  of Net Smelter  Returns as
     the result of the amount of  revenues  received  by the  Optionee  from any
     forward  sales or other hedging  activities  engaged in and by the Optionee
     with respect to ore concentrate,  metal and products from the Property.  In
     addition, the Optionee and the person receiving a percentage of Net Smelter
     Returns  agree  that the  Optionee  shall  have no  obligation,  express or
     implied, to engage in (or not engage in) any forward sales or other hedging
     activities  with  respect to ore  concentrate,  metal or products  from the
     Property.  For greater  certainty the person  receiving a percentage of Net
     Smelter  Returns will be paid for the amount of product  actually  produced
     from the Property calculated  according to paragraph 2 of this Schedule "C"
     regardless of the hedging practices of the Optionee.

<PAGE>

                                      -2-

5.   If the Property is brought into Commercial  Production,  it may be operated
     as a single  operation with other mining  properties owned by third parties
     or in which the Optionee has an interest, in which event, the parties agree
     that  (notwithstanding  separate  ownership  thereof)  ores  mined from the
     mining  properties  (including  the Property) may be blended at the time of
     mining or at any time thereafter,  provided,  however,  that the respective
     mining properties shall bear and have allocated to them their proportionate
     part of costs described in paragraphs 2(a) to 2(d) above incurred  relating
     to the  single  operation,  and shall  have  allocated  to each of them the
     proportionate   part  of  the  revenues  earned  relating  to  such  single
     operation.  In making  any such  allocation,  effect  shall be given to the
     tonnages  of  ore  and  other  material  mined  and  beneficiated  and  the
     characteristics of such material including the metal content of ore removed
     from, and to any special charges relating particularly to ore, concentrates
     or other products or the treatment thereof derived from, any of such mining
     properties.

     The  Optionee  shall  ensure that  reasonable  practices and procedures are
     adopted   and   employed   for  weighing,  determining   moisture  content,
     sampling and assaying and determining recovery factors.

6.   Payments of a percentage of Net Smelter Returns shall be made within thirty
     (30)  days  after the end of each  calendar  quarter  in which Net  Smelter
     Returns,  as  determined  on the  basis of  final  adjusted  invoices,  are
     received by the Optionee.

7.   After the year in which Commercial Production is commenced on the Property,
     each person receiving a percentage of Net Smelter Returns from the Optionee
     shall be provided quarterly,  within ninety days (90) after the end of each
     calendar  quarter,  with a copy of the calculation of Net Smelter  Returns,
     determined  in  accordance  with  this  Schedule  "C",  for  the  preceding
     calendar,  certified  correct  by the  Optionee.  The  person  receiving  a
     percentage of Net Smelter Returns shall have the right, upon serving thirty
     (30) days' notice to the Optionee,  to conduct an independent  audit.  Such
     audit  will be  conducted  at the  sole  cost  of the  person  receiving  a
     percentage of Net Smelter Returns,  unless the amount due from the Optionee
     as  determined  by the  independent  audit  exceeds the amount due from the
     Optionee as determined  by the Optionee by greater than ten percent  (10%),
     in which case the Optionee shall be responsible  for the cost of the audit.
     The Optionee  will provide such  materials  and  information  as reasonably
     necessary to allow the audit to be performed.

8.   Nothing  contained in the Option Agreement or any schedule attached thereto
     shall be construed as conferring upon any person  receiving a percentage of
     Net Smelter  Returns any right to or  beneficial  interest in the Property.
     The right to receive a percentage of Net Smelter  Returns from the Optionee
     as and when due is and  shall be  deemed to be a  contractual  right  only.
     Furthermore,  the right to receive a percentage of Net Smelter Returns by a
     party from the  Optionee as and when due shall not be deemed to  constitute
     the Optionee the partner, agent or legal representative of such party or to
     create any fiduciary relationship between them for any purpose whatsoever.

9.   The Optionee shall be entitled to (i) make all  operational  decisions with
     respect  to the  methods  and  extent  of  mining  and  processing  of ore,
     concentrate,  metal and products  produced  from the Property (for example,
     without  limitation,  the decision to process by heap leaching  rather than
     conventional  milling),  (ii) make all decisions  relating to sales of such
     ore, concentrate, metal and products produced and, (iii) make all decisions
     concerning temporary or long-term cessation of operations.

<PAGE>

                                      -3-

         THIS IS  SCHEDULE  "D" TO THE  OPTION  AGREEMENT  DATED  FOR  REFERENCE
NOVEMBER 17, 2009 BETWEEN TRANS ATLANTIC METALS AG, T.A.  METALS,  SWEDEN AG AND
URANIUM INTERNATIONAL CORP.

      DISCLOSURE OF ALL LIENS, CHARGES AND ENCUMBRANCES (INCLUDING OPTIONS,
            RIGHTS OF FIRST REFUSAL OR CLAIMS AGAINST THE PROPERTIES)

1.   Geoforum  letter dated  13-01-2009  (attached to Schedule "D") regarding an
     imminent  agreement to be transacted between TAM and the Optionee regarding
     properties in Central and North Sweden.

2.   TGB  Borrteknik  AB letter  dated  08-01-2009  (attached  to Schedule  "D")
     regarding TAM's outstanding invoices and proposed repayment schedule.

<PAGE>

                                      -4-

THIS IS SCHEDULE "E" TO THE OPTION  AGREEMENT  DATED FOR REFERENCE  NOVEMBER 17,
2009  BETWEEN  TRANS  ATLANTIC  METALS AG,  T.A.  METALS,  SWEDEN AG AND URANIUM
INTERNATIONAL CORP.

                    MATERIAL TERMS OF JOINT VENTURE AGREEMENT

Under  Section 5.1 of the  Agreement,  the Optionee  and the  Optionor  agree to
execute and deliver a joint  venture  agreement for the future  exploration  and
development  of the Property on a joint venture basis on the following  material
terms:

(1)  The initial  interest of the parties in and to the  Property  and all other
     assets, liabilities, benefits or losses (the "Project") will be:

     Optionee: either 51%; or 80% interest (as the case may be, depending on the
               interest acquired by the Optionee); and

     Optionor: either 49%; or 20% interest (as the case may be);

subject to  variation  from time to time as set out below.  The parties  will be
deemed to have initially contributed the following costs for the Project:

     Optionee  either $700,000 plus the option  payments under paragraph  3.1(a)
               of the Agreement;  or $3,700,000  plus the option  payments under
               paragraph  3.1(a) of the Agreement (as the case may be, depending
               on the  interest  acquired by the  Optionee),  such amount  being
               referred to herein below as "A"; and

     Optionor  the dollar figure  required (such amount being referred to herein
               below as "B") to  equate  to the  Optionor's  respective  initial
               percentage  interest  (i.e.  being either 49% or 20%, as the case
               may be), where the Optionor's initial percentage  interest (being
               referred to herein below as "PI"), is equal to:

               PI       =            B            X        100%
                                 _________
                                  (A + B)

(2) The  parties  will form a  management  committee  consisting  of one  member
appointed by each party (the "Management  Committee").  The Management Committee
will have the power and  authority  to make  binding  decisions on behalf of the
parties with respect to the  exploration and development of the Property and the
Project,  and all matters incidental  thereto,  including the approval of annual
work  programs  and  budgets  for all  exploration  and  development  work.  All
decisions  of the  Management  Committee  will be made by a simple  majority  of
votes,  each party having one vote for each one percent (1%) of interest held in
the Project.  In the event of a tie vote,  the  Operator  will have a casting or
deciding vote.

(3) The  Management  Committee  will  appoint a person or  company to act as the
daily manager and  administrator  of the exploration and development work on the
Property (the "Operator"), and the first Operator will be the Optionee until its
resignation or removal by the Management Committee.

(4) The Operator will prepare and submit for the consideration of the Management
Committee  annual work programs and budgets for the  exploration and development
work on the Property (collectively the "Programs" and individually a "Program").
If the  Operator  has not  submitted  a Program  within  ninety (90) days of any

<PAGE>

                                      -5-

calendar  year end,  the  non-Operator  will be entitled to prepare and submit a
Program to the Management Committee for its consideration.

(5) Within sixty (60) days  following the Management  Committee's  approval of a
Program, the Parties will elect by notice in writing to the Management Committee
to either not participate in the Program, participate in the Program to the full
extent of their cost  share,  or  participate  in the Program for an amount less
than their cost share.  A party's cost share will be equal to its  proportionate
share of cost of a Program  based upon its interest  held in the  Project.  If a
party elects to not participate or elects to participate for an amount less than
its cost share,  that party will suffer dilution of its interest in the Property
and the Project in accordance with the provisions below.

(6) If a party elects not to contribute  or elects to  contribute  less than its
entire cost share,  such  party's  interest in the Project  will be reduced to a
percentage  equal to the fraction the  numerator of which is the total costs for
the Project paid or deemed paid by the party and the denominator of which is the
total costs for the Project of all parties  paid or deemed paid,  multiplied  by
100,  and the other  party's  interest  will be  accordingly  increased.  If any
party's  interest is reduced  below ten percent  (10%) by the  operation of this
paragraph, such party will transfer its remaining interest in the Project to the
other party,  and will receive as  consideration  therefore a three percent (3%)
net  smelter  royalty  ("NSR").  NSR  from  production  will  be  calculated  in
accordance  with  generally  accepted  international  accounting  principles and
generally  accepted industry  standards for calculating NRS. After the formation
of the joint  venture  contemplated  by the  provisions  of  paragraphs  4 and 7
herein, any non-participating party's interest will be diluted from time to time
in accordance with this formula:

  INITIAL, ACTUAL AND DEEMED EXPENDITURES OF A PARTY          X  100% =      %
______________________________________________________________          _____
Total, Initial, Actual and Deemed Expenditures of both parties

(7) The parties  electing to  contribute to a Program will have thirty (30) days
from receipt of the Operator's  invoice to pay their cost share in proportion to
their  interest in the  Project.  If a party fails to pay its cost share  within
such time, the defaulting  party's  interest will suffer  dilution in accordance
with the  provisions  of  paragraph  6 above,  but at twice (2 times) the normal
rate, and the Operator will have a lien upon that party's share of production to
a value equal to one hundred and fifty  percent  (150%) of the amount in default
with interest at ten percent (10%) per annum calculated from the date of default
until the date of repayment.  The Operator  will be entitled to render  invoices
for costs of a Program in  advance,  provided  that such  request for an advance
does not exceed the estimated cost for the next one (1) month's operations.

(8) The Operator  will be entitled to charge the parties a management  fee equal
to:

     (a)  Fifteen  percent  (15%)  of any  Program's  budget  for  Programs  not
          exceeding $2,000,000;

     (b)  Five  percent  (5%) of any  Program's  budget for  Programs  exceeding
          $2,000,000, but not exceeding $10,000,000; or

     (c)  Three  percent (3%) of any  Program's  budget for  Programs  exceeding
          $10,000,000.

(9) The non-Operator  will be entitled to enter upon the Property after 24 hours
advance notice to the Operator,  at the non-Operator's  own risk,  provided that
such access is not  disruptive to the  exploration  or mining  activities of the
Operator.Exhibit 10.1

 

UNITED STATES OF AMERICA

BEFORE THE

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

WASHINGTON, D.C.

 

	
  Written Agreement by and
  between

  	
   

  
	
   

  	
  Docket No. 09-188-WA/RB-HC

  
	
  FIRST MARINER BANCORP

  	
   

  
	
  Baltimore, Maryland

  	
   

  
	
   

  	
   

  
	
  and

  	
   

  
	
   

  	
   

  
	
  FEDERAL RESERVE BANK OF RICHMOND

  	
   

  
	
  Richmond, Virginia

  	
   

  

 

WHEREAS,
First Mariner Bancorp, Baltimore, Maryland (“First Mariner”), a registered bank
holding company, owns and controls First Mariner Bank, Baltimore, Maryland (the
“Bank”), a state chartered nonmember bank, and various nonbank subsidiaries;

 

WHEREAS,
it is the common goal of First Mariner and the Federal Reserve Bank of Richmond
(the “Reserve Bank”) to maintain the financial soundness of First Mariner so
that First Mariner may serve as a source of strength to the Bank;

 

WHEREAS,
First Mariner and the Reserve Bank have mutually agreed to enter into this Written
Agreement (the “Agreement”); and

 

WHEREAS,
on November 24, 2009, the board of directors of First Mariner, at a duly
constituted meeting, adopted a resolution authorizing and directing Edwin F.
Hale, Sr. to enter into this Agreement on behalf of First Mariner, and consenting
to compliance with each and every provision of this Agreement by First Mariner
and

 

 

its
institution-affiliated parties, as defined in sections 3(u) and 8(b)(3) of
the Federal Deposit Insurance Act, as amended (the “FDI Act”) (12 U.S.C. §§
1813(u) and 1818(b)(3)).

 

NOW,
THEREFORE, First Mariner and the Reserve Bank agree as follows:

 

Dividends and Distributions

 

1.                                       (a)                                  First Mariner
shall not declare or pay any dividends without the prior written approval of
the Reserve Bank and the Director of the Division of Banking Supervision and
Regulation (the “Director”) of the Board of Governors of the Federal Reserve
System (the “Board of Governors”).

 

(b)           First Mariner shall
not directly or indirectly take dividends or any other form of payment
representing a reduction in capital from the Bank without the prior written
approval of the Reserve Bank.

 

(c)           First Mariner and
its nonbank subsidiaries shall not make any distributions of interest,
principal, or other sums on subordinated debentures or trust preferred
securities without the prior written approval of the Reserve Bank and the
Director.

 

(d)           All requests for
prior approval shall be received by the Reserve Bank at least 30 days prior to
the proposed dividend declaration date, proposed distribution on subordinated
debentures, and required notice of deferral on trust preferred securities. All
requests shall contain, at a minimum, current and projected information on
First Mariner’s capital, earnings, and cash flow; the Bank’s capital, asset
quality, earnings, and allowance for loan and lease losses (the “ALLL”); and
identification of the sources of funds for the proposed payment or
distribution. For requests to declare or pay dividends, First Mariner must also
demonstrate that the requested declaration or payment of dividends is
consistent with the Board of Governors’ Policy Statement on the Payment of Cash
Dividends by State Member Banks and

 

2

 

Bank
Holding Companies, dated November 14, 1985 (Federal Reserve Regulatory
Service, 4-877 at page 4-323).

 

Debt and Stock Redemption

 

2.                                       (a)                                  First Mariner
and any nonbank subsidiaries shall not, directly or indirectly, incur,
increase, or guarantee any debt without the prior written approval of the
Reserve Bank. All requests for prior written approval shall contain, but not be
limited to, a statement regarding the purpose of the debt, the terms of the
debt, and the planned source(s) for debt repayment, and an analysis of the
cash flow resources available to meet such debt repayment.

 

(b)           First Mariner shall
not, directly or indirectly, purchase or redeem any shares of its stock without
the prior written approval of the Reserve Bank.

 

Capital Plan

 

3.                                       Within 60 days
of this Agreement, First Mariner shall submit to the Reserve Bank an acceptable
written plan to maintain sufficient capital at First Mariner on a consolidated
basis. The plan shall, at a minimum, address, consider, and include:

 

(a)           The consolidated
organization’s and the Bank’s current and future capital requirements,
including compliance with the Capital Adequacy Guidelines for Bank Holding
Companies: Risk-Based Measure and Tier 1 Leverage Measure, Appendices A and D
of Regulation Y of the Board of Governors (12 C.F.R. Part 225, App. A and
D) and the applicable capital adequacy guidelines for the Bank issued by the
Federal Deposit Insurance Corporation (the “FDIC”);

 

(b)           the adequacy of the
Bank’s capital, taking into account the volume of classified credits,
concentrations of credit, ALLL, current and projected asset growth, and
projected retained earnings;

 

3

 

(c)           the source and
timing of additional funds necessary to fulfill the consolidated organization’s
and the Bank’s future capital requirements;

 

(d)           supervisory requests
for additional capital at the Bank or the requirements of any supervisory
action imposed on the Bank by the FDIC or the State of Maryland Division of
Financial Regulation; and

 

(e)           the requirements of
section 225.4(a) of Regulation Y of the Board of Governors (12 C.F.R. §
225.4(a)) that First Mariner serve as a source of strength to the Bank.

 

4.                                       First Mariner
shall notify the Reserve Bank, in writing, no more than 30 days after the end
of any quarter in which any of the consolidated organization’s capital ratios
fall below the approved plan’s minimum ratios. Together with the notification,
First Mariner shall submit an acceptable capital plan that details the steps
First Mariner will take to increase the consolidated organization’s capital
ratios to or above the approved plan’s minimums.

 

Compliance with Laws and Regulations

 

5.                                       (a)                                  In appointing
any new director or senior executive officer, or changing the responsibilities
of any senior executive officer so that the officer would assume a different
senior executive officer position, First Mariner shall comply with the notice
provisions of section 32 of the FDI Act (12 U.S.C. § 183li) and
Subpart H of Regulation Y of the Board of Governors (12 C.F.R. §§ 225.71 et seq.).

 

(b)           First Mariner shall
comply with the restrictions on indemnification and severance payments of
section 18(k) of the FDI Act (12 U.S.C. § 1828(k)) and Part 359
of the Federal Deposit Insurance Corporation’s regulations (12 C.F.R. Part 359).

 

4

 

Progress
Reports

 

6.                                       Within 30 days
after the end of each calendar quarter following the date of this Agreement,
the board of directors shall submit to the Reserve Bank written progress
reports detailing the form and manner of all actions taken to secure compliance
with the provisions of this Agreement and the results thereof, and a parent
company only balance sheet, income statement, and, as applicable,
report of changes in stockholders’ equity.

 

Approval and Implementation of Plan

 

7.                                       (a)                                  First Mariner
shall submit a written capital plan that is acceptable to the Reserve Bank
within the applicable time period set forth in paragraph 3 of this
Agreement.

 

(b)           Within 10 days of
approval by the Reserve Bank, First Mariner shall adopt the approved capital
plan. Upon adoption, First Mariner shall promptly implement the approved plan,
and thereafter fully comply with it.

 

(c)           During the term of this
Agreement, the approved capital plan shall not be amended or rescinded without
the prior written approval of the Reserve Bank.

 

Communications

 

8.                                       All
communications regarding this Agreement shall be sent to:

 

	
  (a)

  	
  A. Linwood Gill, III

  
	
   

  	
  Vice President

  
	
   

  	
  Federal Reserve Bank of
  Richmond

  
	
   

  	
  P.O. Box 27622

  
	
   

  	
  Richmond, Virginia 23261

  
	
   

  	
   

  
	
  (b)

  	
  Edwin F. Hale Sr.

  
	
   

  	
  CEO/Chairman

  
	
   

  	
  First Mariner Bancorp

  
	
   

  	
  1501 South Clinton
  Street

  
	
   

  	
  Baltimore, Maryland 21224

  

 

5

 

Miscellaneous

 

9.                                       Notwithstanding
any provision of this Agreement, the Reserve Bank may, in its sole discretion,
grant written extensions of time to First Mariner to comply with any provision
of this Agreement.

 

10.                                 The provisions
of this Agreement shall be binding upon First Mariner and its institution-affiliated
parties, in their capacities as such, and their successors
and assigns.

 

11.                                 Each provision
of this Agreement shall remain effective and enforceable until stayed,
modified, terminated, or suspended in writing by the Reserve Bank.

 

12.                                 The provisions
of this Agreement shall not bar, estop, or otherwise prevent the Board of
Governors, the Reserve Bank, or any other federal or state agency from taking
any other action affecting First Mariner, the Bank, any nonbank subsidiary of
First Mariner, or any of their current or former institution-affiliated parties
and their successors and assigns.

 

13.                                 Pursuant to
section 50 of the FDI Act (12 U.S.C. § 1831aa), this Agreement is enforceable
by the Board of Governors under section 8 of the FDI Act (12 U.S.C. § 1818).

 

IN
WITNESS WHEREOF, the parties have caused this Agreement to be executed
as of the 24th day of November, 2009.

 

 

	
  FIRST MARINER BANCORP 

  	
   

  	
  FEDERAL RESERVE BANK OF
  RICHMOND

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Edwin F. Hale, Sr.

  	
   

  	
  By:

  	
  /s/ A. Linwood Gill III

  
	
   

  	
  Edwin F. Hale, Sr.

  	
   

  	
   

  	
  A. Linwood Gill III

  

 

6

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