Document:

Exhibit 4.15

Exhibit 4.15

Eula Belle Claims

OPTION AGREEMENT

THIS AGREEMENT dated the 3rd day of October, 2006.

BETWEEN:

Alan Chiles, whose principal place of business is 331 E 4th Ave., Nucla,

CO. 81424

Clifford Chiles, whose principal place of business is 25615 26.00 Rd.

David Chiles, whose principal place of business is 26164 Z26 Rd.

Wesley Chiles, whose principal place of business is 518 Arnold Ave.,

Rifle, CO, 81650

Alan Files, whose principal place of business is 170 W 4th Ave., Nucla,

CO. 81424

(collectively called the “Optionors”)

OF THE FIRST PART

AND:

Anglo-Canadian Uranium Corp., of

Suite 1150 - 355 Burrard Street

Vancouver, British Columbia V6C 2G8

(hereinafter called the “Optionee”)

OF THE SECOND PART

WHEREAS:

A.

The Optionors are the beneficial owners of an undivided 100% interest in 53 mineral claims (the “Claims’) as more particularly described in Schedule “A” attached hereto, situated in Montrose County in the State of Colorado; and

B.

The Optionors have agreed to grant an option to sell an undivided 100% interest in and to the Claims to the Optionee upon the following terms and conditions.

-2-

NOW THEREFORE THIS AGREEMENT WITNESSETH that in consideration of the representations, warranties, covenants and agreements herein contained, the Optionors hereby give and grant to the Optionee the sole and exclusive option (“Option”) to purchase an undivided 100% interest in and to the Claims subject to the following terms and conditions:

1.1

The Option shall be irrevocable and shall be open for exercise by payment by the Optionee to the Optionors as follows:

(a)

the payment of the sum of $20,O00 U.S. within three business days of the Optionee receiving TSX Venture Exchange approval to the terms of this Agreement (the “Approval Date”)

(b)

the issuance of 100,000 shares in the capital of the Optionee within five business days from the Approval Date; and

(c)

the payment of the sum of $20,000 U.S. and at the election of the Optionee the payment of the sum of $100,000 U.S. or the issuance of 100,000 shares in the capital of the Optionee within one year from the Approval Date.

1.2

Upon the Optionee making the payments and issuing the shares as set out in paragraphs 1.1(a) to 1.1(c) hereof the Option shall be deemed to have been exercised and the Optionee shall have earned an undivided 100% interest in the Claims.

1.3

All payments and share issuances made pursuant to paragraph 1.1 hereof shall be payable as to 20% to each of the Optionors and delivered in accordance with paragraph 14 hereof.

2.1

As additional consideration for the Optionors entering into this Agreement, the Optionee acknowledges that its interest in the Claims shall be subject to a royalty or charge in the amount of two percent (2%) of Net Smelter Returns payable to the Optionors.

2.2

For the purpose of this paragraph “Net Smelter Returns” shall mean the actual proceeds received by the Optionee from a smelter or other place of sale or treatment in respect of all ore removed by the Optionee from the Claims as evidenced by its returns or settlement sheets after deducting from the said proceeds all freight or other transportation costs from the Claims, to the smelter or other place of sale or treatment, but without any other deduction whatsoever. Net Smelter Returns due and payable to the Optionors hereunder shall be paid within sixty days after receipt of the said actual proceeds by the Optionee. Within ninety days after the end of each fiscal year during which any ore was slipped from the Claims the records relating to the calculation of Net Smelter Returns during that fiscal year shall be delivered to the Optionors, upon written request, who shall have sixty days after receipt of such statements to question their accuracy and failing such question, the statements shall be deemed correct. The Optionors or their representative duly appointed in writing shall have the right at all reasonable times upon written request to inspect such books and financial records of the Optionee as are relevant to the determination of Net Smelter Returns and at his own expense to make copies thereof.

-3-

2.3

The Optionee shall at any time have the right to purchase the 2% Net Smelter Return Royalty from the Optionors by paying the Optionors the sum of $250,000 U.S. per percentage point.

3.1

During the term of this Agreement the Optionee shall have the exclusive possession and control of the Claims and the right by its employees, agents, or contractors to explore, prospect, examine and develop the Claims in such a manner as the Optionee, in its sole discretion shall decide and based on professional geological recommendations.

4.1

The Optionors represent and warrant that they are the beneficial owners of an undivided 100% interest in and to the Claims free and clear of all liens, charges and encumbrances and conflicting claims and rights of whatsoever nature and kind, that the Claims are in good standing and that they have full power, absolute authority and capacity to enter into this Agreement without obtaining the consent of any other person or body corporate and that no other person or body corporate has any agreement, option, right or privilege capable of becoming an agreement for the purchase of the Claims or an interest therein save as might be expressly set out herein.

5.1

The Optionors agree to execute and deliver to the Optionee such bills of sale, transfers or other documentation required to transfer an undivided 100% interest in and to the Claims to the Optionee concurrently upon the execution of this Agreement. The Optionee has the right to record the bills of sale, transfers and other documentation with the appropriate governmental agency to effect a transfer of the recorded ownership of the Claims to the Optionee but beneficial ownership to the Claims shall be subject to the terms of this Agreement.

6.1.

During the currency of this Agreement the Optionee agrees to:

(a)

keep the Claims free and clear of all liens and encumbrances arising from its operations hereunder and in good standing by doing and filing all necessary work and payment of all taxes required to be paid and by doing all other acts and things and making all other payments required to be made which may be necessary in that regard; and

(b)

conduct all work on or with respect to the Claims in a careful and minerlike manner and in accordance with the applicable laws of the State of Colorado and indemnify and save the Optionors harmless from any and all claims, suits or actions made or brought against the Optionors as a result of work done by the Optionee on or with respect to the Claims.

7.1

The Option shall forthwith terminate:

(a)

upon the failure of the Optionee to make any of the payments or issue any shares as specified in paragraph 1.1 hereof by the dates specified;

(b)

upon the Optionee giving notice of termination to the Optionor; or

(c)

upon the expiration of thirty days after service of notice to the Optionee in writing by the Optionors of a breach by the Optionee of any condition or covenant herein contained to be observed or performed, if such breach has not theretofore been rectified.

-4-

7.2

Upon termination of the Option all obligations or liabilities hereunder of whatever nature of the parties shall cease and determine except for the obligation of the Optionee to leave the Claims free and clear of any liens, charges or encumbrances arising from its work thereon, or for materials or supplies delivered thereto at its request. The Optionee shall have the right for ninety days thereafter to remove any machinery, equipment or supplies brought on to the Claims by it.

7.3

In the event the Optionee terminates the Option, the Optionee shall, forthwith transfer any interest it has in the Claims to the Optionors for the sum of $10.00

8.

The rights of neither party shall be prejudiced by events beyond a party’s reasonable control, including, without limiting, environmental restrictions or approvals, the exigencies of nature, government and acts of God particularly as they may affect exploration and development of the Claims but excluding the want of fluids. All times herein provided for shall be extended by the period necessary to cure any such event and the party affected shall use all reasonable means to do so promptly. Each party agrees to cooperate with the other in applying for and obtaining all required federal, territorial, provincial and other governmental approvals.

9.

The data and information coming into the possession of the Optionors by virtue of this Agreement shall be kept confidential and shall not be disclosed to third parties without the written consent of the Optionee.

10.

Nothing in this Agreement shall be deemed to constitute the Optionors the partner of the Optionee except as specifically provided the agent of the other. Each party agrees to indemnify and hold the other harmless from and against the breaches of its representations, warranties, or agreements hereunder and from and against any negligent or intentional acts by it or any of its officers, agents or employees.

11.

Time shall be of the essence of this Agreement and should the parties fix new dates for the performance of any obligation time shall thereafter again be of the essence of this Agreement.

12.

The Optionors and the Optionee acknowledge this Agreement and the issuance of any shares in the capital of the Optionee are subject to the approval of all necessary regulatory authorities including the TSX Venture Exchange as applicable and agree to promptly comply with all conditions and requirements which may be required by such regulatory authorities.

13.

This Agreement shall be construed with and governed by the laws of the Province of British Columbia. All references herein to sums of money shall be deemed to refer to U.S. funds.

14.

Any notice given pursuant hereto shall be in writing and shall be delivered or mailed by pre-paid registered post to the other party at its address set forth in the beginning of this Agreement and if so delivered shall be deemed to be effective immediately and if so mailed shall be deemed to have been given on the fifth postal delivery day following the date of mailing.

-5-

15.

The Optionors will indemnify and save the Optionee harmless from all loss, damage, costs, actions and suits arising out of or in connection with any breach of any representation, warranty, covenant, agreement, or condition made by him and contained in this Agreement. The Optionors acknowledge and agree that the Optionee has entered into this Agreement relying on the warranties and representations and other terms and conditions of this Agreement

16.

This Agreement represents the complete understanding of the parties and shall not be deviated from except by a further written agreement. Each party agrees to execute further documents necessary to give effect to this Agreement.

17.

This Agreement shall enure to the benefit of and be binding upon the parties hereto and their respective heirs, executors, administrators and assigns.

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

			
	ALAN CHILES

	 
	CLIFFORD CHILES

	 
	 
	 

	 
	 
	 

	/s/ Alan Chiles

	 
	/s/ Clifford Chiles

	 
	 
	 

	DAVID CHILES

	 
	WESLEY CHILES

	 
	 
	 

	 
	 
	 

	/s/ David Chiles

	 
	/s/ Wesley Chiles

	 
	 
	 

	ALAN FILES

	 
	 

	 
	 
	 

	 
	 
	 

	/s/ Alan Files

	 
	 

	 
	 
	 

	 
	 
	 

	ANGLO-CANADIAN URANIUM CORP.

	 
	 

	 
	 
	 

		
	Per:

	/s/ signed

	 
	Authorized Signatory

SCHEDULE “A”

			
	Name of Claim

	Location of Certificate Recorded

	BLM Serial Number

	HM #1

	756827

	CMC259486

	HM #2

	756828

	CMC259485

	HM #3

	756829

	CMC259484

	HM #13

	757167

	CMC259493

	HM #14

	757168

	CMC259492

	HM #17

	756836

	CMC259489

	HM #18

	756837

	CMC259488

	HM #19

	756838

	CMC259487

	PI #62

	756859

	CMC259490

	PI #76

	756864

	CMC259491

	MC #1

	753636

	CMC258675

	MC #2

	753637

	CMC258676

	MC #3

	753638

	CMC258677

	MC #4

	753639

	CMC258678

	MC #7

	753642

	CMC258679

	MC #8

	753643

	CMC258680

	MC #9

	753644

	CMC258681

	MC #10

	753645

	CMC258682

	MC #11

	753646

	CMC258683

	MC #12

	753647

	CMC258684

	MC #14

	753649

	CMC258685

	MC #15

	753650

	CMC258686

	MC #16

	753651

	CMC258687

	MC #17

	753652

	CMC258688

	MC #18

	753653

	CMC258689

	MC #20

	753655

	CMC258690

Schedule “A” – Page 2

			
	Name of Claim

	Location Certificate Recorded

	BLM Serial Number

	MC #21

	753656

	CMC258691

	MC #22

	753657

	CMC258692

	MC #23

	753658

	CMC258693

	MC #24

	753659

	CMC258694

	MC #25

	753660

	CMC258695

	MC #26

	753661

	CMC258696

	MC #27

	753662

	CMC258697

	MC #28

	753663

	CMC258698

	MC #29

	753664

	CMC258699

	MC #30

	753665

	CMC258700

	MC #31

	753666

	CMC258701

	LM #1

	753630

	CMC258702

	LM #2

	753631

	CMC258703

	LM #3

	753632

	CMC258704

	LM #6

	753633

	CMC258705

	LM #7

	753634

	CMC258706

	LM #8

	753635

	CMC258707

	LM #25

	756065

	CMC258858

	LM #37

	756077

	CMC258859

	LM #38

	756078

	CMC258860

	LM #41

	756081

	CMC258861

	LM #42

	756082

	CMC258862

	MB #1

	756045

	CMC258863

	MB #2

	756046

	CMC258864

	MB #3

	756047

	CMC258865

	MM #50

	757268

	CMC258396

	MM #51

	757269

	CMC259397

	TOTAL:

	53 ClaimsExhibit 4.16

Exhibit 4.16

King Claims

OPTION AGREEMENT

THIS AGREEMENT dated the 4th day of October, 2006.

BETWEEN:

ALAN CHILES, whose principal place of business is 331 E 4th Ave., Nucla, CO, 81424

CLIFFORD CHILES. whose principal place of business is 25615 26.00 Rd.

DAVID CHILES whose principal place of business is 26164 Z26 Rd.

WESLEY CHILES. whose principal place of business is 518 Arnold Ave., Rifle, CO, 81650

ALAN FILES,. whose principal place of business is 170 W 4th Ave., Nucla, CO, 81424

(herein after collectively called the “Locators”)

OF THE FIRST PART

AND:

ANGLO-CANADIAN URANIUM CORP.. of Suite 1150-355 Burrard Street, Vancouver, British Columbia V6C 2G8

(hereinafter called the “Company”)

OF THE SECOND PART

WHEREAS:

A.

The Locators have expertise in staking mineral claims in the State of Colorado;

B.

The Company has agreed to engage the services of the Locators to stake 250 uranium claims (the “Claims”) situate in the County of Montrose, in the State of Colorado; and

C.

The Locators have agreed to stake the Claims on behalf of the Company on the terms of this Agreement;

NOW THEREFORE THIS AGREEMENT WITNESSETH that in consideration of the representations, warranties, covenants and agreements herein contained, the parties hereto have agreed and do hereby agree as follows:

1.

The Locators represent and warrant that they have the requisite expertise to stake claims in the State of Colorado.

2.

The Company represents and warrants to the Locators it is a corporation duly organized, validly existing and in good standing under the laws of the Province of British Columbia with full power, absolute authority and capacity to enter into this Agreement and to carry out the transaction contemplated herein.

3.1

The Locators agree to stake the Claims on behalf of the Company in consideration of the following:

(a)

the payment of the sum US$20,000 to the Locators within three business days of the Company receiving approval from the TSX Venture Exchange to the terms of this Agreement (the “Approval Date”)

(b)

the issuance of a total of 100,000 shams in the capital of the Company to be delivered to the Locators on the Approval Date; and

(c)

the payment of the sum of $20,000 U.S. and at the election of the Optionee the payment of the sum of $100,000 U.S. or the issuance of 100,000 shares in the capital of the Optionee within one year from the Approval Date.

3.2

The Locators hereby acknowledge and agree the total consideration payable to them for the staking the Claims is limited to the cash and shares referred to in paragraphs 3.1(a) to (c) hereof and the Net Smelter Returns royalty referred to in paragraph 4 hereof and the Locators shall have no further interest in or to the Claims acquired by the Company.

4.1

As additional consideration for the Locators entering into this Agreement, the Company acknowledges that the Claims shall be subject to a royalty or charge in the amount of two percent (2%) of net smelter returns payable to the Locators.

4.2

For the purpose of this clause “Net Smelter Returns” shall mean the actual proceeds received by the Company front a smelter or other place of sale or treatment in respect of all ore removed by the Company from the Claims as evidenced by its returns or settlement sheets after deducting from the said proceeds all freight or other transportation costs from the Claims, to the smelter or other place of sale or treatment, but without any other deduction whatsoever. Net Smelter Returns due and payable to the Locators hereunder shall be paid within sixty days after receipt of the said actual proceeds by the Company. Within ninety days after the end of each fiscal year during which any ore was shipped from the Claims the records relating to the calculation of Net Smelter Returns during that fiscal year shall be delivered to the Locators, upon written request, who shall have sixty days after receipt of’ such statements to question their accuracy and failing such question, the statements shall be deemed correct. The Locators or their representatives duly appointed in writing shall have the right at all reasonable times upon written request to inspect such books and financial records of the Company as are relevant to the determination of Net Smelter Returns and at their own expense to make copies thereof

4.3

The Company shall have the right at any time to purchase the Net Smelter Return Royalty by the payment of the sum of U.S. $250,000 to the Locators for each 1% Net Smelter Return Royalty.

5.

Any payment or issuance of shares required to be made shall be made payable and delivered in the manner for the giving & notice as herein provided. All consideration payable to the Locators pursuant to the terms of this Agreement shall be payable as to 20% to each Locator.

6.

Any notice given pursuant hereto shall be in writing and shall be delivered or mailed by pre-paid registered post to the other party at its address set forth in the beginning of this Agreement and if so delivered shall be deemed to be effective immediately and if so mailed shall be deemed to have been given on the fifth postal delivery day following the date of mailing

7.

The Locators will indemnify and save the Company harmless from all loss, damage, costs, actions and suits arising out of or in connection with any breath of any representation, warranty, covenant agreement, or condition made by them and contained in this Agreement The Locators acknowledge and agree that the Company has entered into this Agreement relying on the warranties and representations and other terms and conditions of this Agreement.

8.

This Agreement represents the complete understanding of the parties and shall not be deviated from except by a further written agreement Each party agrees to execute further documents necessary to give effect to this Agreement.

9.

Time shall be the essence of this Agreement and should the parties fix new dates for the performance of any obligation time shall thereafter again be the essence of this Agreement

10.

This Agreement shall be construed with and governed by the laws of the Province of British Columbia. All references herein to sums of money shall be deemed to refer to Canadian US funds.

11.

This Agreement shall enure to the benefit of and be binding upon the parties hereto and their respective heirs, executors, administrators and assigns.

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

			
	ALAN CHILES

	 
	CLIFFORD CHILES

	/s/ Alan Chiles

	 
	/s/ Clifford Chiles

	 
	 
	 

	DAVID CHILES

	 
	WESLEY CHILES

	/s/ David Chiles

	 
	/s/ Wesley Chiles

	 
	 
	 

	ALAN FILES

	 
	 

	/s/ Alan Files

	 
	 

ANGLO-CANADIAN URANIUM CORP.

		
	Per:

	/s/ signed

	 
	Authorized Signatory

	 
	 

SCHEDULE “A”

				
	Name of Claim

	Country Recording #

	Name of Claim

	Country Recording #

	MC#5

	760479

	MC#6

	760480

	MC#13

	760481

	MC#19

	760482

	MC#32

	760483

	MC#33

	760484

	MC#34

	760485

	MC#35

	760486

	MC#36

	760487

	MC#37

	760488

	MC#38

	760489

	MC#39

	760490

	MC#40

	760491

	MC#42

	760492

	MC#43

	760493

	MC#44

	760494

	MC#45

	760495

	MC#46

	760496

	MC#47

	760497

	MC#48

	760498

	MC#49

	760499

	MC#50

	760500

	PI#12

	760501

	PI#13

	760502

	PI#14

	760503

	PI#21

	760504

	PI#22

	760505

	PI#23

	760506

	PI#24

	760507

	PI#30

	760508

	PI#31

	760509

	PI#32

	760510

	PI#33

	760511

	PI#34

	760512

	PI#35

	760513

	PI#36

	760514

	PI#37

	760515

	PI#38

	760516

	PI#49

	760517

	PI#40

	760518

	PI#41

	760519

	PI#42

	760520

	PI#43

	760521

	PI#44

	760522

	PI#45

	760523

	PI#46

	760524

	PI#47

	760525

	PI#49

	760526

	PI#50

	760527

	PI#51

	760528

	PI#52

	760529

	PI#53

	760530

	PI#54

	760531

	PI#55

	760532

	PI#56

	760533

	PI#57

	760534

	PI#58

	760535

	PI#59

	760536

	PI#60

	760537

	PI#61

	760538

	PI#63

	760539

	PI#64

	760540

	PI#65

	760541

	PI#66

	760542

	PI#67

	760543

	PI#68

	760544

Schedule “A’ – Page 2

				
	Name of Claim

	County recording #

	Name of Claim

	Country Recording #

	PI#69

	760545

	PI#70

	760546

	PI#71

	760547

	PI#72

	760548

	PI#73

	760549

	PI#74

	760550

	PI#75

	760551

	PI#77

	760552

	PI#78

	760553

	PI#79

	760554

	PI#80

	760555

	PI#82

	760556

	PI#83

	760557

	PI#84

	760558

	PI#85

	760559

	PI#86

	760560

	PI#87

	760561

	PI#88

	760562

	PI#89

	760563

	PI#90

	760564

	PI#91

	760565

	PI#92

	760566

	PI#93

	760567

	PI#94

	760568

	PI#95

	760569

	PI#96

	760570

	PI#97

	760571

	PI#98

	760572

	PI#99

	760573

	PI#100

	760574

	PI#101

	760575

	PI#102

	760576

	PI#103

	760577

	PI#104

	760578

	MM#1

	760579

	MM#2

	760580

	MM#3

	760581

	MM#4

	760582

	MM#5

	760583

	MM#6

	760584

	MM#7

	760585

	MM#8

	760586

	MM#9

	760587

	MM#10

	760588

	MM#11

	760589

	MM#12

	760590

	MM#13

	760591

	MM#14

	760592

	MM#15

	760593

	MM#16

	760594

	MM#17

	760595

	MM#18

	760596

	MM#20

	760597

	MM#21

	760598

	MM#22

	760599

	MM#23

	760600

	MM#24

	760601

	MM#25

	760602

	MM#26

	760603

	MM#27

	760604

	MM#29

	760605

	MM#30

	760606

	MM#31

	760607

	MM#32

	760608

	MM#33

	760609

	MM#34

	760610

	MM#35

	760611

	MM#36

	760612

	MM#38

	760613

	MM#39

	760614

Schedule “A” – Page 3

				
	Name of Claim

	County Recording #

	Name of Claim

	County Recording #

	MM#40

	760615

	MM#42

	760616

	MM#43

	760617

	MM#44

	760618

	MM#45

	760619

	MM#46

	760620

	MM#48

	760621

	MM#49

	760622

	MM#52

	760623

	MM#53

	760624

	MM#54

	760625

	MM#55

	760626

	MM#57

	760627

	MM#58

	760628

	MM#59

	760629

	MM#60

	760630

	MM#61

	760631

	MM#62

	760632

	MM#63

	760633

	MM#64

	760634

	HM#4

	760635

	HM#5

	760636

	HM#6

	760637

	HM#7

	760638

	HM#8

	760639

	HM#9

	760640

	HM#10

	760641

	HM#11

	760642

	HM#12

	760643

	HM#15

	760644

	HM#16

	760645

	HM#20

	760646

	HM#21

	760647

	HM#22

	760648

	HM#23

	760649

	HM#24

	760650

	HM#25

	760651

	HM#26

	760652

	HM#27

	760653

	HM#28

	760654

	HM#29

	760655

	HM#30

	760656

	HM#31

	760657

	HM#32

	760658

	HM#33

	760659

	HM#34

	760660

	HM#35

	760661

	HM#36

	760662

	HM#37

	760663

	HM#38

	760664

	HM#39

	760665

	HM#40

	760666

	HM#41

	760667

	HM#42

	760668

	HM#43

	760669

	HM#44

	760670

	HM#45

	760671

	HM#46

	760672

	HM#47

	760673

	HM#48

	760674

	HM#49

	760675

	HM#50

	760676

	LT#20

	760677

	LT#21

	760678

	LT#22

	760679

	LT#23

	760680

	LT#24

	760681

	LT#26

	760682

	LT#27

	760683

	LT#28

	760684

Schedule “A” – Page 4

				
	Name of Claim

	County Recording #

	Name of Claim

	County Recording #

	LT#29

	760685

	LT#30

	760686

	LT#31

	760687

	LT#32

	760688

	LT#33

	760689

	LT#34

	760690

	LT#35

	760691

	LT#36

	760692

	LT#39

	760693

	LT#40

	760694

	LM#4

	760695

	LM#5

	760696

	LM#9

	760697

	LM#10

	760698

	LM#11

	760699

	LM#12

	760700

	LM#13

	760701

	LM#14

	760702

	LM#15

	760703

	LM#16

	760704

	LM#17

	760705

	LM#18

	760706

	LM#19

	760707

	LM#20

	760708

	LM#21

	760709

	LM#22

	760710

	LM#23

	760711

	LM#24

	760712

	LM#25

	760713

	LM#26

	760714

	LM#27

	760715

	LM#28

	760716

	LM#29

	760717

	LM#30

	760718

	LM#31

	760719

	LM#33

	760720

	LM#34

	760721

	LM#35

	760722

	LM#36

	760723

	LM#37

	760724

	LM#38

	760725

	LM#39

	760726

	LM#40

	760727

	LM#41

	760728

All claims in Montrose County

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00116-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00116-of-00352.parquet"}]]