Document:

Yukon Resources Corp.

TRUST
AGREEMENT

THIS
AGREEMENT is made effective the 31st day of May, 2004.

BETWEEN:

Yukon Resources Corp., a
company duly incorporated under the laws of the State of Nevada and
having an office at 206-475 Howe Street, Vancouver, B.C., Canada, V6C
2B3.

(hereinafter called “Yukon”)

OF THE FIRST PART

AND:

Thornton J. Donaldson,
businessman, having an office at 206-475 Howe Street, Vancouver,
B.C., Canada, V6C 2B3.

(hereinafter called “Trustee”)

OF THE SECOND PART

WHEREAS:

	Yukon
	is desirous of purchasing the rights of a certain mineral claim,
	which is situated in the Cariboo Mining Division, in the province of
	British Columbia but does not wish to incur the cost or liability
	incurred through the establishment of a subsidiary foreign
	corporation at this early stage of its corporate development;

	
	
	Trustee is willing and legally
	capable of acting as a trustee for Yukon to hold a mineral claim on
	behalf of Yukon until such time as the initial three phase
	exploration program is completed and Yukon is properly able to
	evaluate the merits of owning the claim in its own name or that of a
	subsidiary which the mining claim is more particularly described in
	Schedule “A” attached hereto and forming part of hereof
	(hereinafter called the “Claim”); and

	
	
	Yukon and the Trustee now wish to
	enter into a trust agreement whereby Trustee would hold title in
	trust for Yukon to the Claim on the terms and conditions as
	hereinafter set forth.

NOW
THEREFORE THIS AGREEMENT WITNESSES that in consideration of the
premises and the mutual promises, covenants and agreements herein
contained, the parties hereto agree as follows:

	
	Representation and Warranties

		
		Yukon represents and warrants to
		Trustee that:

			
			Yukon is a body corporate duly incorporated,
			organized and validly subsisting under the laws of its
			incorporating jurisdiction; and

			
	
			Yukon has full power and authority to carry
			on its business and to enter into this Agreement and any agreement
			or instrument referred to or contemplated herein.

		

		
	
		Trustee represents and warrants to Yukon:

			
			Trustee is legally capable and has the full
			power and authority to carry on as a trustee and to hold the
			mineral Claim as a trustee on behalf of Yukon and to enter this
			Agreement any agreement or instrument referred to or contemplated
			herein.

		

		
	
		The representation and warranties hereinbefore
		set out are conditions on which the parties have relied in entering
		into this Agreement and each party will indemnify and save the
		other party harmless from all loss, damage, costs, actions and
		suits arising our of or in connection with any breach or any
		representation, warranty, covenant, agreement or condition made by
		the other party and contained herein.

	

	
	
	Termination

		
		This Agreement will terminate on:

			
			May 14, 2006 unless on or before that date,
			Yukon or Trustee terminates in writing this Agreement; and

			
	
			The date on which Yukon incorporates a
			British Columbia subsidiary to hold Yukon's interest in the Claim
			and transfers such interest to the subsidiary.

		

	

	
	
	Covenants
	of Yukon

		
		Yukon will keep the Claim free and clear of
		all liens, charges and encumbrances arising from their operations
		hereunder and in good standing by the doing and filing of all
		necessary work and by the doing of all other acts and things and
		making all other payments which may be necessary in that regard.

	

	
	
	Covenants
	of Trustee

		
		Trustee will not do any act or thing which
		would or might in any way adversely affect the rights of Yukon
		hereunder.

	

	
	
	Further
	Assurances

		
		The parties hereto agree that they and each of
		them will execute all documents and do all acts and things within
		their respective powers to carry out and implement the provisions
		or intent of this Agreement.

	

	
	
	Notice

		
		Any notice,
		direction or other instrument required or permitted to be given
		under this Agreement will be in writing and will be given by the
		delivery or facsimile transmission or the same or by mailing the
		same by prepaid registered or certified mail in each case addressed
		as follows:

			
			if to Yukon Resources Corp.
206-475
			Howe Street,
Vancouver, British Columbia
Canada V6C 2B3

			
	
			if to Thornton J. Donaldson
206-475
			Howe Street,
Vancouver, British Columbia
Canada V6C 2B3

		

		
	
		Any notice, direction or other
		instrument aforesaid will, if delivered by courier or facsimile
		transmission, be deemed to have been given and received on the next
		business day following the day on which it was delivered or sent by
		facsimile, and if mailed, be deemed to have been given and received
		on the fifth business day following the day of mailing, except in
		the event of disruption of the postal services in which event
		notice will be deemed to be received only when actually received.

		
	
		Any party at any time give to the
		other notice in writing of any change of address of the party
		giving such notice and from and after the giving of such notice,
		the address or addresses of such party for the purpose of giving
		notice hereunder.

	

	
	
	Headings

		
		The headings to the respective sections herein
		will not be deemed part of this Agreement but will be regarded as
		having been used for convenience only.

	

	
	
	Enurement

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

	

	
	
	Terms

		
		The terms and provisions of this Agreement
		shall be interpreted in accordance with the laws of British
		Columbia.

	

	
	
	Entire
	Agreement

		
		This agreement constitutes the entire
		agreement between the parties and replaces and supersedes all prior
		agreements, memoranda, correspondence, communications, negotiations
		and representations, whether verbal or written, express or implied,
		statutory or otherwise between the parties with respect to the
		subject matter herein.

	

	
	
	Time of
	Essence

		
		Time will be of the essence in this Agreement.

	

	
	
	Enforcement
	of Agreement

		
		The covenants, promises, terms and conditions
		contained herein will be binding upon the parties jointly and
		severally any may be enforced by each as against each other
		interests.

	

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

	
			Yukon
			Resources Corp.

			Per:

			 /s/ T. Donaldson

			Thornton J.
			Donaldson
President

			
			Thornton
			J. Donaldson

			

			

			 /s/ T. Donaldson

			Thornton J.
			Donaldson

		

	
			Witness

			 /s/ K. McCullagh

			Signature of
			Witness

			
			

			

			Kerry McCullagh

			Printed Name
			of Witness

		

This is Schedule “A” to a
Trust Agreement made as of the 31st day of May, 2004
between Yukon Resources Corp. and Thornton J. Donaldson.

	
				Claim
				Name

				
				Tenure
				Number

				
				Mining
				Division

				
				Status

			
	
				BILL 4

				
				411199

				
				CARIBOO

				
				Good
				Standing 2005.05.31Yukon Resources Corp. - Trust Agreement 4

TRUST
AGREEMENT

THIS
AGREEMENT is made effective the 17th day of June,
2004.

BETWEEN:

Yukon Resources Corp., a
company duly incorporated under the laws of the State of Nevada and
having an office at 206-475 Howe Street, Vancouver, B.C., Canada, V6C
2B3.

(hereinafter called “Yukon”)

OF THE FIRST PART

AND:

Thornton J. Donaldson,
businessman, having an office at 206-475 Howe Street, Vancouver,
B.C., Canada, V6C 2B3.

(hereinafter called “Trustee”)

OF THE SECOND PART

WHEREAS:

	Yukon
	is desirous of purchasing the rights of certain mineral claims,
	which are situated in the Cariboo Mining Division, in the province
	of British Columbia, Canada but does not wish to incur the cost or
	liability incurred through the establishment of a subsidiary foreign
	corporation at this early stage of its corporate development;

	
	
	Trustee is willing and legally
	capable of acting as a trustee for Yukon to hold the mineral claims
	on behalf of Yukon until such time as the initial three phase
	exploration program is completed and Yukon is properly able to
	evaluate the merits of owning the claims in its own name or that of
	a subsidiary which the mining claims are more particularly described
	in Schedule “A” attached hereto and forming part of
	hereof (hereinafter called the “Claim”); and

	
	
	Yukon and the Trustee now wish to
	enter into a trust agreement whereby Trustee would hold title in
	trust for Yukon to the Claim on the terms and conditions as
	hereinafter set forth.

NOW
THEREFORE THIS AGREEMENT WITNESSES that in consideration of the
premises and the mutual promises, covenants and agreements herein
contained, the parties hereto agree as follows:

	
	Representation and Warranties

		
		Yukon represents and warrants to
		Trustee that:

			
			Yukon is a body corporate duly incorporated,
			organized and validly subsisting under the laws of its
			incorporating jurisdiction; and

			
	
			Yukon has full power and authority to carry
			on its business and to enter into this Agreement and any agreement
			or instrument referred to or contemplated herein.

		

		
	
		Trustee represents and warrants to Yukon:

			
			Trustee is legally capable and has the full
			power and authority to carry on as a trustee and to hold the
			mineral Claim as a trustee on behalf of Yukon and to enter this
			Agreement any agreement or instrument referred to or contemplated
			herein.

		

		
	
		The representation and warranties hereinbefore
		set out are conditions on which the parties have relied in entering
		into this Agreement and each party will indemnify and save the
		other party harmless from all loss, damage, costs, actions and
		suits arising our of or in connection with any breach or any
		representation, warranty, covenant, agreement or condition made by
		the other party and contained herein.

	

	
	
	Termination

		
		This Agreement will terminate on:

			
			May 14, 2006 unless on or before that date,
			Yukon or Trustee terminates in writing this Agreement; and

			
	
			The date on which Yukon incorporates a
			British Columbia subsidiary to hold Yukon's interest in the Claim
			and transfers such interest to the subsidiary.

		

	

	
	
	Covenants
	of Yukon

		
		Yukon will keep the Claim free and clear of
		all liens, charges and encumbrances arising from their operations
		hereunder and in good standing by the doing and filing of all
		necessary work and by the doing of all other acts and things and
		making all other payments which may be necessary in that regard.

	

	
	
	Covenants
	of Trustee

		
		Trustee will not do any act or thing which
		would or might in any way adversely affect the rights of Yukon
		hereunder.

	

	
	
	Further
	Assurances

		
		The parties hereto agree that they and each of
		them will execute all documents and do all acts and things within
		their respective powers to carry out and implement the provisions
		or intent of this Agreement.

	

	
	
	Notice

		
		Any notice,
		direction or other instrument required or permitted to be given
		under this Agreement will be in writing and will be given by the
		delivery or facsimile transmission or the same or by mailing the
		same by prepaid registered or certified mail in each case addressed
		as follows:

			
			if to Yukon Resources Corp.
206-475
			Howe Street,
Vancouver, British Columbia
Canada V6C 2B3

			
	
			if to Thornton J. Donaldson
206-475
			Howe Street,
Vancouver, British Columbia
Canada V6C 2B3

		

		
	
		Any notice, direction or other
		instrument aforesaid will, if delivered by courier or facsimile
		transmission, be deemed to have been given and received on the next
		business day following the day on which it was delivered or sent by
		facsimile, and if mailed, be deemed to have been given and received
		on the fifth business day following the day of mailing, except in
		the event of disruption of the postal services in which event
		notice will be deemed to be received only when actually received.

		
	
		Any party at any time give to the
		other notice in writing of any change of address of the party
		giving such notice and from and after the giving of such notice,
		the address or addresses of such party for the purpose of giving
		notice hereunder.

	

	
	
	Headings

		
		The headings to the respective sections herein
		will not be deemed part of this Agreement but will be regarded as
		having been used for convenience only.

	

	
	
	Enurement

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

	

	
	
	Terms

		
		The terms and provisions of this Agreement
		shall be interpreted in accordance with the laws of British
		Columbia.

	

	
	
	Entire
	Agreement

		
		This agreement constitutes the entire
		agreement between the parties and replaces and supersedes all prior
		agreements, memoranda, correspondence, communications, negotiations
		and representations, whether verbal or written, express or implied,
		statutory or otherwise between the parties with respect to the
		subject matter herein.

	

	
	
	Time of
	Essence

		
		Time will be of the essence in this Agreement.

	

	
	
	Enforcement
	of Agreement

		
		The covenants, promises, terms and conditions
		contained herein will be binding upon the parties jointly and
		severally any may be enforced by each as against each other
		interests.

	

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

	
			Yukon
			Resources Corp.

			Per:

			 /s/ T. Donaldson

			Thornton J.
			Donaldson
President

			
			Thornton
			J. Donaldson

			

			

			 /s/ T. Donaldson

			Thornton J.
			Donaldson

		

	
			Witness

			 /s/ K. McCullagh

			Signature of
			Witness

			
			

			

			Kerry McCullagh

			Printed Name
			of Witness

		

This is Schedule “A” to a
Trust Agreement made as of the 17th day of June, 2004
between Yukon Resources Corp. and Thornton J. Donaldson.

	
				Claim
				Name

				
				Tenure
				Number

				
				Mining
				Division

				
				Status

			
	
				BILL 6

				
				411631

				
				CARIBOO

				
				Good
				Standing 2005.06.17

			
	
				BILL 7

				
				411632

				
				CARIBOO

				
				Good
				Standing 2005.06.17

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