Document:

Exhibit
      10.1

    CONSULTING
      SERVICES AGREEMENT

    

    THIS
      AGREEMENT
      is made
      as of the 1st
      day of
      May, 2008

    

    BETWEEN:

    

    SILVER
      RESERVE CORP., a
      corporation incorporated under the laws of the State of Delaware

    

    (herein
      called the “Corporation”)    Party
      of
      the First Part

    

    -
      and
      -

    

    LANCE
      CAPITAL LTD., a
      corporation incorporated under the laws of the State of Nevada

    

    (herein
      called the “Consultant”)    Party
      of
      the Second Part

    

    RECITALS:

    

    
      	 	
              A.

            	
              The
                Corporation wishes to engage the Consultant to assist the Corporation
                by
                providing administrative and other services as described herein;
                and

            

    

    

    
      	 	
              B.

            	
              The
                Consultant wishes to accept this engagement by the
                Corporation.

            

    

    

    NOW
      THEREFORE, in consideration of the mutual covenants and agreements contained
      in
      this Agreement and other good and valuable consideration, the parties agree
      as
      follows.

    

    
      	
              1.

            	
              DEFINITIONS

            

    

    

    In
      this
      Agreement the following terms shall have the following meanings:

    

    “Agreement”
      means
      this Consulting Services Agreement as it may be amended from time to
      time;

    

    “Confidential
      Information”
      means
      all confidential or proprietary information (including drilling results, trade
      secrets and information about business or asset acquisitions or combinations)
      and material facts relating to the business and affairs of the Corporation
      that
      have not been publicly disclosed;

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    “Corporation”
      includes
      affiliates, subsidiaries and associates of the Corporation unless the context
      otherwise requires;

    

    “Term”
      means
      the period commencing May 1, 2008 and terminating in accordance with Section
      10
      hereof.

    

    
      	2.	
              REPRESENTATION
                AND WARRANTIES

            

    

    

    Each
      of
      the Corporation and the Consultant hereby covenant, represent and warrant to
      each other as follows:

    

    
      	 	
              (a)
                

            	
              They
                have all of the necessary corporate power, authority and capacity
                to enter
                into this Agreement and the agreements and the other instruments
                contemplated herein (if any) and to perform their respective obligations
                hereunder and thereunder. The execution and delivery of this Agreement
                and
                the agreements and other instruments contemplated herein and the
                consummation of the transactions contemplated hereunder and thereunder
                have or will be duly authorized by all necessary corporate action
                required
                by each party;

            

    

     

    
      	 	
              (b)
                

            	
              This
                Agreement and the agreements and other instruments contemplated herein
                (if
                any) when executed will constitute valid and binding obligations
                of each
                of the parties enforceable against each of them as is applicable
                in
                accordance with the terms hereof and thereof subject, however, to
                limitations with respect to enforcement imposed in connection with
                laws
                affecting the rights of creditors generally including, without limitation,
                applicable bankruptcy, insolvency, moratorium, reorganization or
                similar
                laws and to the extent that equitable remedies such as specific
                performance and conjunction are in the discretion of the court from
                which
                they are sought;

            

    

     

    
      	 	
              (c)
                

            	
              Each
                of the parties are duly incorporated and organized, validly existing,
                in
                good standing and are up to date in all of the filings and registration
                required under the laws of the jurisdiction in which they are
                incorporated; and

            

    

     

    
      	 	
              (d)
                

            	
              The
                entering into and performance of this Agreement and the agreements
                and
                other instruments contemplated herein (if any) will not violate,
                contravene, breach or offend against or result in any default under
                any
                security agreement, indenture, mortgage, lease, order, undertaking,
                licence, permit, agreement, instrument, charter or by-law provision,
                resolution of shareholders or directors, statute, regulation, judgement,
                decree or law to which the parties hereto are a party or by which
                they may
                be bound or affected. No licenses, agreements or other instruments
                or
                documents of the Corporation or any of its subsidiaries (if applicable)
                will terminate or require assignment as a result of the entering
                into of
                this Agreement or the consummation of the transactions contemplated
                hereby.

            

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    
      	3.	
              ENGAGEMENT
                OF THE CONSULTANT

            

    

    

    The
      Corporation hereby engages the Consultant for the Term to perform the following
      services:

    

    
      	 	
              (a)
                

            	
              Employ
                and provide secretarial and bookkeeping
                personnel;

            

    

    

    
      	 	
              (b)
                

            	
              Provide
                receptionist services for telephone calls to the
                Corporation;

            

    

    

    
      	 	
              (c)
                

            	
              Advise
                the Corporation regarding financial planning, corporate development,
                corporate governance and compliance with applicable securities laws
                and
                regulations;

            

    

    

    
      	 	
              (d)
                

            	
              Prepare
                or cause to be prepared all required documentation for the operation
                of
                the Corporation including, without limitation, corporate minutes,
                bookkeeping, administrative agreements and shareholder records and
                correspondence not provided by the Corporation’s transfer
                agent;

            

    

    

    
      	 	
              (e)
                

            	
              Provide
                instruction and oversight to the Corporation's legal counsel and
                auditors
                in connection with reporting and securities law compliance
                generally;

            

    

    

    
      	 	
              (f)
                

            	
              Negotiate
                agreements with investor relations consultants, business consultants,
                mining and engineering consultants, drilling contractors and other
                services providers for the benefit of the Corporation and provide
                instruction and oversight to the Corporation's legal counsel in connection
                with the
                agreements governing such transactions and related
                matters;

            

    

    

    
      	 	
              (g)
                

            	
              Provide
                instruction and oversight to the Corporation's legal counsel in connection
                with private placements of the Corporation’s securities with
                investors;

            

    

    

    
      	 	
              (h)
                

            	
              Act
                as the agent for communication between the SEC, other regulators
                and the
                Corporation;

            

    

    

    
      	 	
              (i)
                

            	
              Provide
                instruction and oversight to the Corporation's legal counsel in connection
                with the registration of the Corporation’s securities with the Securities
                and Exchange Commission (the “SEC”) and other regulatory authorities based
                upon the Corporation’s decisions on where it will list its securities for
                trading;

            

    

    

    
      	 	
              (j)
                

            	
              Insure
                that all accounting records are maintained to meet generally accepted
                accounting principals and quarterly and annual reports are prepared
                and
                filed to meet SEC regulatory
                requirements;

            

    

    

    
      	 	
              (k)
                

            	
              Manage
                shareholder inquiries and issues related to the transfer or assignment
                of
                shares;

            

    

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    

    
      	 	
              (l)
                

            	
              Interact
                with the Corporation’s transfer agent to insure smooth operation of the
                transfer agent’s functions;

            

    

    

    
      	 	
              (m)
                

            	
              Organize
                shareholder meetings when called by the Board of directors, including
                engagement of a scrutineer, engagement of appropriate facilities,
                preparation of a proxy statement, mailing of the proxy statement
                and
                solicitation of proxies;

            

    

    

    
      	 	
              (n)
                

            	
              Provide
                support for the Corporation’s investor relations, including preparation of
                brochures and reports suitable for the level of audience receiving
                such
                materials;

            

    

    

    
      	 	
              (o)
                

            	
              Oversee
                and contract for all printed materials required by the
                Corporation;

            

    

    

    
      	 	
              (p)
                

            	
              Prepare
                budgets, collect revenue on behalf of the Corporation, if applicable,
                and
                process payables of the Corporation using access to bank accounts
                of the
                Corporation as determined by Consultant and the Corporation or using
                segregated bank accounts held by
                Consultant;

            

    

    

    
      	 	
              (q)
                

            	
              Prepare,
                update and maintain the corporate procedures manual of the
                Corporation;

            

    

    

    
      	 	
              (r)
                

            	
              Oversee
                and implement internal controls and procedures as required by applicable
                provisions of the Sarbanes-Oxley
                Act;

            

    

    

    
      	 	
              (s)
                

            	
              Maintain
                board committee minutes for committees of the Corporation’s board,
                including the Audit Committee;

            

    

    

    
      	 	
              (t)
                

            	
              Administer
                the Corporation’s stock option
                plan;

            

    

    

    
      	 	
              (u)
                

            	
              Administer
                the exercise of the Corporation’s outstanding warrants and other
                convertible securities as they are exercised by their
                holders;

            

    

    

    
      	 	
              (v)
                

            	
              Oversee
                the issuance of Rule 144 opinion letters by legal counsel, as
                applicable;

            

    

    

    
      	 	
              (w)
                

            	
              Provide
                personnel to attend board meetings, as requested by the board of
                the
                Corporation; and

            

    

    

    
      	 	
              (x)
                

            	
              Such
                other matters and activities as are required for the operation of
                the
                Corporation.

            

    

    

    All
      activities of the Consultant shall be carried out at the direction of the board
      of directors of the Corporation or its officers.

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    

    
      	4.	
              COMPENSATION

            

    

    

    
      	 	
              (a)
                

            	
              As
                compensation for the services to be provided by the Consultant hereunder,
                the Corporation agrees to pay the Consultant $12,500.00 per month
                during
                the Term.

            

    

    

    
      	 	
              (b)
                

            	
              The
                Consultant shall be reimbursed monthly for all expenses incurred
                with
                respect to the operation of the administration of the Corporation,
                including but not limited to office rent, wages, telephones, internet
                and
                other office operational costs, provided that these expenses are
                incurred
                in substantial accordance with monthly and annual budgets to be prepared
                by the Consultant and approved by the Board of Directors of the
                Corporation from time to time.

            

    

    

    
      	 	
              (c)
                

            	
              The
                Consultant shall also be reimbursed for the cost of furniture and
                equipment for the office provided the ownership of any furniture
                and
                equipment purchased shall vest with the Corporation, again provided
                that
                such capital expenditures are incurred in substantial accordance
                with
                monthly and annual budgets to be prepared by the Consultant and approved
                by the Board of Directors of the Corporation from time to
                time.

            

    

    

    
      	 	
              (d)
                

            	
              The
                Consultant shall provide receipts for all expenses and other items
                for
                which it is entitled to reimbursement and such other documentation
                as may
                be reasonably requested by the Corporation’s
                auditors.

            

    

    

    
      	 	
              (e)
                

            	
              It
                is understood that the Corporation has procedures for the authorization
                of
                all payments and the issuance of checks and which payments to the
                Consultant are subject. The responsibility for carrying out these
                procedures shall be that of the Consultant, its officers and
                employees.

            

    

    

    
      	5.	
              TERMS
                OF PAYMENT

            

    

    

    Fees
      and
      expenses of Consultant shall be billed to the Corporation monthly and shall
      be
      due upon receipt of invoice. Amounts unpaid after 15 days shall bear interest
      at
      the rate of 1.5% per month.

    

    
      	6.	
              NATURE
                OF RELATIONSHIP

            

    

    

    The
      parties acknowledge and agree as follows:

    

    
      	 	
              (a)

            	
              the
                relationship of the Consultant to the Corporation is that of independent
                contractor;

            

    

    

    
      	 	
              (b)

            	
              the
                Consultant is not an employees or agent of the Corporation except
                where
                the Corporation designates that Consultant shall act as its agent;
                and

            

    

    

    
      	
            	(c)	
              the
                Corporation and the Consultant are not partners or joint
                venturers.

            

    

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    

    
      	7.	
              NO
                USE OF CONFIDENTIAL
                INFORMATION

            

    

    

    During
      and at all times after the Term, the Consultant will cause its officers,
      directors and employees to keep confidential all Confidential Information and
      will not use for the benefit of the Consultant its officers, directors and
      employees or others (except in connection with the business and affairs of
      the
      Corporation in the course of providing services hereunder) any Confidential
      Information and will not disclose Confidential Information to any person except
      in the course of providing services under this Agreement to a person who is
      employed by the Corporation or with the Corporation’s prior
      consent.

    

    The
      foregoing prohibition will not apply to any Confidential Information
      if:

    

    
      	 	
              (a)

            	
              the
                Confidential Information is available to the public or in the public
                domain at the time of disclosure or use;
                or

            

    

    

    
      	 	
              (b)

            	
              disclosure
                is required to be made by operation of law, in which case the Consultants
                will notify the Corporation immediately upon learning of that requirement;
                or

            

    

    

    
      	 	
              (c)

            	
              disclosure
                is made with the Corporation’s prior written
                approval.

            

    

    

    
      	
              8.

            	
              CONFLICT
                OF INTEREST 

            

    

    

    The
      Corporation acknowledges that the Consultant will provide from time to time
      similar services for other parties which shall not be considered a conflict
      of
      interest subject to the discharge of the Consultant’s obligations under this
      Agreement and in particular those related to confidentiality.

    

    
      	9.	
              NO
                AUTHORITY TO BIND THE
                CORPORATION

            

    

    

    Without
      limiting the provisions of Section 3, except where authorized by the
      Corporation, the Consultant shall not have authority to bind the Corporation
      to
      perform any obligations to any third party. The foregoing limitation shall
      not
      apply where the Consultant is asked to negotiate agreements with third parties
      on behalf of the Corporation or address issues raised by regulators on behalf
      of
      the Corporation. Notwithstanding the foregoing, the Consultant shall not have
      authority to execute an agreement on behalf of the Corporation. It is understood
      and agreed that only officers of the Corporation shall be authorized to execute
      documents on behalf of the Corporation. The parties further agree that the
      Consultant may employ an officer of the Corporation as an employee of Consultant
      and that such officer of the Corporation, acting in their capacity as an
      officer, may execute documents, agreements and filings on behalf of the
      Corporation in the normal course.

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    

    
      	10.	
              TERM
                AND TERMINATION 

            

    

    

    The
      Term
      of this Agreement shall be one (1) year and shall automatically renew from
      year
      to year unless terminated. Either party may terminate this Agreement at anytime
      on 60 days prior written notice subject to the provision of Sections 4, 5 and
      11
      hereof, which Sections shall survive the expiry or termination of this Agreement
      and continue in full force and effect.

    

    
      	11.	
              INDEMNIFICATION

            

    

    

    The
      Corporation will indemnify the Consultant and its heirs and legal
      representatives against all costs, charges and expenses, including all amounts
      paid to settle an action or satisfy a judgement, reasonably incurred by the
      Consultant in respect of any civil, criminal or administrative action or
      proceeding to which the Consultants is or becomes a party by reason of being
      or
      having been engaged by the Corporation under this Agreement (a “Claim”), other
      than an action (including, without limitation, an action in contract or tort)
      by
      the Corporation as a result of a breach or alleged breach by the Consultants
      of
      this Agreement or of any duty owed by the Consultant to the Corporation,
      if:

    

    
      	 	
              (a)

            	
              The
                Consultant acted honestly and in good faith with a view to the best
                interests of the Corporation; and

            

    

    

    
      	 	
              (b)

            	
              In
                the case of a criminal or administrative action or proceeding that
                is
                enforced by the monetary penalty, the Consultant had reasonable grounds
                for believing that the conduct of the Consultant was
                lawful.

            

    

    

    The
      Consultant acknowledges that indemnification will be limited to costs, charges
      and expenses actually incurred, and will be paid only if the consultant provides
      the Corporation with prompt notice of any Claim. The Corporation will have
      the
      right at its own expense, upon written notice to the Consultant, to assume
      control of the negotiation, settlement or defence of any Claim, subject to
      the
      reasonable oversight of the Consultant. Consultant shall be satisfied with
      the
      Corporation’s choice of legal counsel in connection with any such negotiation,
      settlement or defence. The Consultant will cooperate with the Corporation in
      respect of such Claim. If the Corporation does not elect to assume control
      of
      the negotiation, settlement or defence of a Claim, the Consultant may retain
      its
      own counsel (at the expense of the Corporation) to defend the Claim and will
      keep the Corporation fully advised, including supplying copies of all relevant
      documentation promptly as it becomes available. The Consultant or the
      Corporation may not settle or compromise any Claim without the prior written
      consent of the other party.

     

    
      	12.	
              NOTICE

            

    

    

    Any
      notice or communication to be given or made under this Agreement must be in
      writing and addressed as follows:

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    

    
      	
            	(a)	
              if
                to the Corporation

            

    

    

    Silver
      Reserve Corp.

    c/o
      Todd
      D. Montgomery, CEO

    1135
      Terminal Way, Suite 207B

    Reno,
      Nevada 89502

    Phone:
      775-322-4448

    Fax:
      775-322-4458

    

    
      	
            	(b)	
              if
                to the Consultant

            

    

    

    Lance
      Capital Ltd.

    1135
      Terminal Way, Suite 207B

    Reno,
      Nevada 89502

    Phone:
      775-322-4448

    Fax:
      775-322-4458

    

    and
      will
      be deemed to be properly given or made on the earliest of the
      following:

    

    
      	
            	(a)	
              actual
                delivery;

            

    

    
      	
            	(b)	
              48
                hours after being sent by commercial courier service;
                and

            

    

    
      	 	
              (c)

            	
              the
                day following which any telegram or telecopier message is
                sent.

            

    

    

    Notice
      of
      change of address for the purpose of notice will also be governed by this
      section.

    

    
      	13.	
              ASSIGNMENT

            

    

    

    This
      Agreement may not be assigned by any party, without the prior written consent
      of
      the other parties.

    

    
      	14.	
              HEADINGS

            

    

    

    The
      inclusion of headings in this Agreement is for convenience of reference only
      and
      is not to affect construction or interpretation.

    

    
      	15.	
              INVALIDITY
                OF PROVISIONS

            

    

    

    Any
      provision of this Agreement that is prohibited or unenforceable in any
      jurisdiction will, as to that jurisdiction, be ineffective to the extent of
      the
      prohibition or unenforceability without invalidating the remaining provisions
      of
      this Agreement, and any prohibition or unenforceability of that provision in
      any
      other jurisdiction. For any provision severed there will be deemed substituted
      a
      like provision to accomplish the intent of the parties as closely as possible
      to
      the provision as drafted, as determined by any court or arbitrator having
      jurisdiction over any relevant proceeding, to the extent permitted by the
      applicable law.

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    

    
      	16.	
              ENTIRE
                AGREEMENT

            

    

    

    This
      Agreement constitutes the entire agreement between the parties pertaining to
      the
      subject matter. There are no warranties, representations or agreements between
      the parties in connection with the subject matter except as are specifically
      set
      out or referred to in this Agreement. No reliance is placed on any
      representation, opinion, advice or assertion of fact made by either party or
      its
      directors, officers or agents to the other party, or its directors, officers
      or
      agents, except to the extent that the same has been reduced to writing and
      included as a term of this Agreement. Accordingly, there is to be no liability,
      either in tort or in contract, assessed in relation to any such representation,
      opinion, advice or assertion of fact, except to the extent
      aforesaid.

    

    
      	17.	
              WAIVER,
                AMENDMENT

            

    

    

    Except
      as
      expressly provided in this Agreement, no amendment or waiver of this Agreement
      will be binding unless executed in writing by the party to be bound. The failure
      of either party at any time to require performance by the other party of any
      provisions of this Agreement will in no way affect the right of that party
      to
      require performance of any other provisions. No waiver of any provision of
      this
      Agreement will constitute a waiver of any other provision nor will any waiver
      of
      any breach of any provision of this Agreement be construed as a waiver of any
      continuing or succeeding breach of such provision unless otherwise expressly
      provided.

    

    
      	18.	
              CURRENCY

            

    

    

    All
      amounts in this Agreement are stated and will be paid in United States currency
      unless otherwise specifically stated.

    

    
      	19.	
              GOVERNING
                LAW

            

    

    

    This
      Agreement is to be governed by and construed in accordance with the laws of
      the
      Province of Ontario and the laws of Canada applicable therein.

    

    
      	
              20.

            	
              COUNTERPARTS

            

    

    

    This
      Agreement may be executed in multiple counterparts, each of which shall
      be deemed
      an
      original, and all of which together shall constitute one and the same
      instrument. Execution and delivery of this Agreement by exchange of facsimile
      copies bearing facsimile signature of a party shall constitute a valid and
      binding execution and delivery of this Agreement by such party. Such facsimile
      copies shall constitute enforceable original documents.

     

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

    

    IN
      WITNESS WHEREOF the Corporation and the Consultants have executed this Agreement
      as of the date first written above.

    

    
      	
              SILVER
                RESERVE CORP.

            
	 	 
	 	 
	 	 
	
              BY:

            	
              /s/
                Todd D. Montgomery

            
	 	
              Todd
                D. Montgomery, CEO

            
	 	 
	 	 
	 	 
	
              LANCE
                CAPITAL LTD.

            
	 	 
	 	 
	 	 
	
              BY:

            	
              /s/
                Patricia Kelley

            
	 	
               
                P. Kelley, President

            

    

     

    
      
         

      

      
        10Exhibit
      10.1

     

    Summary
      of Loan Agreement

    

    
      	
              Bank:

            	
              Bank
                of China

            
	 	 
	
              Borrower:

            	
              Guangzhou
                City Clifford Development (Panyu) Company Limited

            
	 	 
	
              Date:

            	
              August
                3, 2007

            
	 	 
	
              Loan
                amount:

            	
              One
                hundred and forty million renminbi (RMB 140,000,000)

            
	 	 
	
              Loan
                period:

            	
              36
                months from the first drawdown

            
	 	 
	
              Purpose
                of the loan: 

            	
              To
                finance the development of Panyu Shawan Project

            
	 	 
	
              Interest
                rate:

            	
              Base
                on The People’s Bank of China legal standard rate times
                90%

            
	 	 
	
              Security
                pledge:

            	
              Pledge
                of Panyu Shawan Project (Note: This clause is later replaced by Amendment
                to Loan Agreement. Please see Exhibit 10.2, filed herewith)
                

            
	 	 
	
              Repayments:

            	 
	 	 
	
              September
                2008

            	
              RMB
                20,000,000

            
	 	 
	
              March
                2009 

            	
              RMB
                45,000,000

            
	 	 
	
              September
                2009

            	
              RMB
                70,000,000

            
	 	 
	
              The
                balance: 

            	
              The
                earlier of the end of the loan period or before the sale of 85% of
                the
                total saleable area of Panyu Shawan Project.

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