Document:

Exhibit 10.1

                                    AGREEMENT

THIS AGREEMENT shall be effective the 1st day of February, 2010 (the "Effective
Date").

BETWEEN:

ALTO GROUP HOLDINGS, INC., a company having an address at
110 Wall Street, 11th Floor New York, NY 10005

("Alto")

AND:

CASTLE PEAK MINING, LTD., a company having an address at 511-475 Howe Street
Vancouver, British Columbia Canada V6C 2B3

("Castle Peak")

WHEREAS:

     A.   Castle Peak holds certain mining concessions, as listed in Schedule A,
          located in Ghana, West Africa (the "Property");

     B.   Alto and Castle Peak wish to form a joint venture to conduct alluvial
          and hard rock mining operations and production on the Property (the
          "Joint Venture");

     C.   The Parties have agreed to form the Joint Venture and to contribute to
          the Joint Venture their respective experience and expertise to carry
          out the Joint Venture Business;

     D.   Each of the Joint Ventures' agrees that all activities relating to the
          Joint Venture Business will be carried out in accordance with the
          terms and conditions hereinafter set forth for the mutual benefit of
          the Joint Ventures.

NOW, THEREFORE, THIS AGREEMENT WITNESSES that in consideration of the mutual
covenants and agreements hereinafter contained, the parties hereto covenant and
agree each with the other as follows:

                                    ARTICLE 2

                         TERM, DEFINITIONS AND SCHEDULES

TERM

2.1 This Agreement shall come into force and effect as of the date hereof and,
subject to paragraph 9.6 shall continue in full force and effect so long as two

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or more of the Joint Ventures' or their respective permitted successors or
assigns continue to be parties to this Agreement.

DEFINITIONS

2.2 In this Agreement unless the context otherwise requires, the following terms
will have the following meanings:

     (a)  "Affiliate" has the meaning set out in Rule 144(a)(1) of the United
          States SECURITIES ACT OF 1933, as amended;

     (b)  "Agreement" means this agreement as it may be amended from time to
          time and all schedules hereto;

     (c)  "Bank" means any bank or banks the Management Committee elects to use
          in the ordinary course of business;

     (d)  "Business Day" means any day from Monday to Friday, inclusive, except
          for any day that is a statutory holiday in the State of Nevada;

     (e)  "Control" means:

          (i)  the right to exercise, whether through the ownership of voting
               securities, by contract or otherwise, a majority of the votes
               which may be cast at a general meeting of a corporation; or

          (ii) the right to elect or appoint, directly or indirectly, a majority
               of the directors of a corporation or other persons who have the
               right to manage or supervise the management of the affairs and
               business of the corporation;

     (f)  "Generally Accepted Accounting Principles" means with respect to any
          date of determination, generally accepted accounting principles as
          used by the American Institute of Certified Public Accountants, as
          applicable, consistently applied and maintained throughout the periods
          indicated;

     (g)  "Joint Venture Assets" means the assets purchased by or on behalf of
          the Joint Venture and all other property, whether real or personal,
          which is owned, leased, held, developed, constructed or acquired for
          the business of the Joint Venture by or on behalf of the Joint
          Ventures';

     (h)  "Joint Venture Obligations" means the obligations and liabilities with
          respect to the Joint Venture Business incurred by or on behalf of the

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          Joint Ventures' in concert in their capacity as Joint Ventures'
          pursuant to the terms of this Agreement or, if incurred prior to the
          Agreement Date, with the unanimous consent of the Joint Ventures';

     (i)  "Joint Ventures" means Alto, Castle Peak and their respective
          successors and permitted assigns;

     (j)  "Joint Venture Business" means the placer mining of alluvial gold and
          hard rock exploration, development and mining operations carried out
          with respect to the Property, the recovery and sale of all gold and
          other precious and noble metals recovered from such operations,
          together with all related activities required in respect of carrying
          on such business;

     (k)  "Management Committee" means the committee defined in paragraph 7.2;

     (l)  "Net Cash Flow" means at any time, the difference, if any, computed
          between:

          (i)  the aggregate gross revenues of the Joint Ventures' from all
               sources as a result, direct or indirect, of the ownership and
               sale of the Joint Venture Assets; and

          ii.  the aggregate of all expenditures and outlays paid or due and
               payable by the Joint Ventures' including, without limiting the
               generality of the foregoing, all operating costs (as hereinafter
               defined) incurred, and all reasonable reserves for anticipated
               expenditures and outlays and for the working capital requirements
               of the Joint Ventures' as the Management Committee considers
               reasonably necessary;

     (m)  "Obligations" of a Joint Venturer means all of its covenants,
          agreements, obligations, representations and warranties under or
          imposed by, or provided in, this Agreement and in any other agreement
          related hereto or to the Joint Venture Business, including in
          particular but without limiting the generality of the foregoing its
          Participating Interest in the Joint Venture Obligations;

     (n)  "Operating Costs" means the aggregate of all costs and expenses made
          or incurred by the Joint Ventures' in connection with the Joint
          Venture Business;

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     (o)  "Participating Interest" means a Party's percentage entitlement to
          share in the Net Cash Flow and the profits derived from the Joint
          Venture and a Party's corresponding percentage obligation to fund the
          Joint Venture's liabilities and obligations, subject to adjustment
          under paragraphs 5.8(c) and 6.8;

     (p)  "Party" means Alto and Castle Peak, and their respective successors
          and permitted assigns; and

     q.   "Voting Interest" means the percentage entitlement to vote on policy,
          administration and business issues relating to the Joint Venture or
          the Joint Venture Business, which shall be in the same percentage as
          each Party's respective Participating Interest, and shall be exercised
          as provided in this Agreement.

ACCOUNTING PROVISIONS

2.3 For the purposes of this Agreement:

     (a)  All accounting terms not otherwise defined have the meanings assigned
          to them in accordance with Generally Accepted Accounting Principles;
          and

     (b)  All computations provided for in this Agreement will be made in
          accordance with Generally Accepted Accounting Principles applied
          consistently.

INDEX AND HEADINGS

2.4 The index and headings in this Agreement are inserted for the convenience of
reference only and will not affect the manner in which this Agreement or any
part of it is construed.

CURRENCY

5. All transactions referred to in this Agreement will be made in lawful
currency of United States Currency, all in immediately available funds. Any
reference to cash in this Agreement includes a reference to cash, certified
check, banker's draft, wire, or electronic transfer.

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EXPIRY OF TIME PERIOD

2.6 In this Agreement, if any period ends on a day other than a Business Day,
that period will be extended to the next following Business Day.

LEGISLATION

2.7 In this Agreement any reference to legislation includes a reference to the
legislation and to any regulations made under that legislation as that
legislation or those regulations may be amended or re-enacted from time to time.

NUMBER AND GENDER

2.8 Words of one gender include all genders and words in the singular include
the plural and VICE VERSA.

SCHEDULES

2.9  The following are the Schedules to this Agreement:

                  Schedule A - Mining Concessions.

                                    ARTICLE 3

                       SCOPE OF JOINT VENTURE RELATIONSHIP

SCOPE OF AGREEMENT

3.1 The Joint Ventures' hereby associate themselves into and as a Joint Venture
for the purpose of the carrying out the Joint Venture Business and the doing of
all things incidental thereto under the name of "Ghana Mining Joint Venture".

                                    ARTICLE 4

                      NATURE OF JOINT VENTURE RELATIONSHIP

OWNERSHIP

4.1 The Joint Ventures' each own as tenants-in-common, and as their separate
property, an undivided beneficial interest in the Joint Venture Assets and in
all money, bank accounts, personal property and property of every manner or
description acquired in connection with the Joint Venture Business in accordance
with their Joint Venture Participating Interests.

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REVENUES, BENEFITS, OBLIGATIONS, LIABILITIES

4.2 Unless this Agreement otherwise provides, all revenues and benefits derived
from the Joint Venture Assets shall be received by the Joint Ventures' in the
ratio of their Participating Interests, and all obligations and liabilities
incurred in respect of, the Joint Venture Assets shall be received or borne by
the Joint Ventures' in accordance with the terms of this Agreement.

RELATIONSHIP

4.3

     (a)  The Joint Ventures' expressly disclaim any intention to create a
          partnership and nothing in this Agreement shall constitute the Joint
          Ventures' as partners or constitute either Joint Venturer the agent of
          the other Joint Venturer.

     b.   Except as otherwise provided in this Agreement, no Joint Venturer
          shall have, or represent that it has, the authority or power to act
          for or to undertake or create any obligation or responsibility,
          express or implied, on behalf of, or in the name of, the other Joint
          Venturer or shall be, or represent that it is, the agent or legal
          representative of the other Joint Venturer.

LIMITED RESTRICTION ON SEPARATE ACTIVITIES

4.4 Each of the Joint Ventures' and their Affiliates shall have the absolute
right to continue, expand, diminish or cease to carry on its existing
undertaking and to engage in undertakings separate and apart from the Joint
Venture Business, and the provisions of this Agreement shall not in any way
impose upon any Joint Venturer a fiduciary duty by reason of its carrying on its
separate undertaking and a Joint Venturer shall not, by reason of this
Agreement, have any interest in any other property owned by the other Joint
Ventures' or in any other undertaking of the other Joint Ventures'.

TIME AND ATTENTION

4.5 Subject to the provisions of this Agreement, each Joint Venturer shall
devote such time and attention to the Joint Venture Business as shall be
reasonably necessary to make the Joint Venture Business successful and shall act
honestly and in good faith and in the best interests of the Joint Venture
Business.

LIABILITY

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4.6

     (a)  The Joint Ventures' shall, as among themselves, be liable for the
          Joint Venture obligations as specified in this Agreement, but no Joint
          Venturer shall be liable for any obligations not provided for in this
          Agreement that are incurred by the other Joint Ventures', whether
          incurred before or after the Agreement Date.

     (b)  The liability of each of the Joint Ventures' with respect to the Joint
          Venture obligations and all contracts and obligations entered into by
          or on behalf of the Joint Ventures' in connection therewith shall in
          every case be several and not joint, or joint and several, unless
          otherwise expressly provided herein or agreed to in writing by each of
          the Joint Ventures'.

     (c)  The Joint Ventures' shall use their best efforts to have each contract
          or agreement relating to the Joint Venture Business made by or on
          behalf of the Joint Ventures' or by the Company for the account of and
          the benefit of the Joint Ventures', and in particular each financing
          agreement shall contain a provision to the effect that only the
          interest of the Joint Venturer in the Joint Venture Business shall be
          subject thereto and then only in accordance with its specified
          liability under the contract.

INDEMNITIES

4.7

     (a)  Each Joint Venturer hereby indemnifies the other Joint Ventures' and
          agrees to hold each of them harmless from and against any and all
          costs, debts, obligations, expenses, liabilities, claims, demands,
          actions, suits and proceedings which such other Joint Ventures' may
          incur, suffer or be put to arising out of:

          i.   any obligation or liability incurred by the indemnifying Joint
               Venturer or on its behalf except Joint Venture Obligations; and

          (ii) A. anything done by the indemnifying Joint Venturer (or any
               agent, employee or representative of such indemnifying Joint
               Venturer) outside the scope of, or in breach of, the terms of
               this Agreement; or

               B. the non-observance or non-performance by such indemnifying
               Joint Venturer (or such agents, employees, or representatives) of
               all or any part of the Obligations of such Joint Venturer.

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     (b)  The rights and obligations of the Joint Ventures' under this paragraph
          4.7 shall survive the termination of this Agreement.

     (c)  If and to the extent that a Joint Venturer shall be or become liable
          for or shall pay more than its share of any Joint Venture Obligations,
          as required under the provisions of this Agreement, the other Joint
          Ventures' will pay to such Joint Venturer the amount of such excess
          and will indemnify and save such Joint Venturer harmless from and
          against any and all liability for such excess so that, in the end
          result, each Joint Venturer shall have paid its share of the liability
          as defined in this Agreement.

     (d)  Any indemnification required to be paid by any Joint Venturer pursuant
          to this paragraph 4.7 shall be paid within 30 days after written
          notice and demand for payment is given by the other Joint Venturer(s).

REPRESENTATIONS AND COVENANTS

4.8  Each Joint Venturer represents and warrants to the other as follows:

     (a)  In the case of a corporation, it is duly incorporated and is in good
          standing as to the filing of annual returns under the laws of the
          jurisdiction of its incorporation.

     (b)  It has the corporate or other power to enter into this Agreement.

     (c)  In the case of a corporation, all necessary and requisite corporate
          proceedings, resolutions and authorizations have been or will be
          taken, passed, done and given by each of the Joint Ventures' and by
          the directors thereof to authorize, permit and enable it to execute
          and deliver this Agreement.

     (d)  The entering into of this Agreement will not be in contravention or
          constitute default under the laws of the incorporation jurisdiction of
          the Joint Venturer or any indenture, deed, agreement, undertaking or
          obligation of the Joint Venturer or to which it is a party.

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     (e)  There are no actions or proceedings pending or, to its knowledge
          threatened which challenge the validity of this Agreement or which
          might result in a material adverse change in the financial condition
          of any Joint Venturer or which would materially adversely affect its
          ability to perform its obligations under this Agreement or any other
          document in connection with them.

     (f)  This Agreement is a valid, binding and enforceable obligation of each
          of the Joint Ventures' in accordance with its terms.

INTERESTS

4.9 The Joint Ventures' agree that they have undivided interests in the Joint
Venture Business and the Joint Venture Assets and will share in the
distributions of Net Cash Flow (except as otherwise provided in this Agreement),
in proportion to their respective Participating

Interests as defined in paragraph 2.2 (o), subject to adjustment from time to
time as otherwise permitted in accordance with the provisions of this Agreement.

4.10 The interests of any Joint Venturer may be converted from an individual
interest to a corporate or other entity share interest, or from a corporate
share interest to an individual or other entity share interest, as may be
appropriate for business and tax purposes at any time. Any such conversion shall
not alter or change any of the rights or obligations of the Joint Venturer
making such conversion with respect to the provisions of this Agreement.

RESTRICTIONS

4.11 Unless and until the Joint Venture is terminated, no Joint Venturer will:

     (a)  have the right to partition nor will any Joint Venturer make
          application to, or petition, any court or authority having
          jurisdiction, nor commence, nor prosecute any action for partition and
          sale of the Joint Venture's interest in the Joint Venture Business or
          the Joint Venture Assets;

     (b)  have the right to a conveyance of title to its interest in the Joint
          Venture Assets; or

     (c)  except as expressly permitted under Articles 7 and 8, mortgage, lien,
          pledge, encumber, alienate, transfer, grant options to purchase, grant
          rights to purchase or assign any Joint Venture Interest, interest in
          the Joint Venture Assets or any other right or interest created under
          this Agreement.

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                                    ARTICLE 5

                           CONTRIBUTIONS AND FINANCING

CONTRIBUTIONS JOINTLY

1. The Joint Ventures' through the Management Committee shall jointly have the
primary responsibility for selecting, purchasing or leasing, developing and
operating a secure crushing-recover-smelting-refining/milling facility, or in
the alternative for selecting and contracting with an independent
refining/milling facility to crush, recover, smelt and refine the precious and
noble metals, black sands and mineral ore concentrate (the "Precious Metals)
that are mined at Property; for handling and shipping the Precious Metals from
the Mining Site to the Refining/Milling Facility; and for distributing the
Precious Metals to the Joint Ventures' according to their Participating
Interests in accordance with the terms of this Agreement and as the delivery
terms are otherwise agreed to in writing by the Joint Ventures'.

CONTRIBUTION OF CASTLE PEAK

2. Castle Peak shall have primary responsibility for the business and legal
affairs of the Joint Venture, After approving Alto shall pay within 30 days for
any expenses inured by Castle Peak for all Castle Peak primary responsibility
including preparing and maintaining the business, legal, financial, tax and
other systems and records; for coordinating compliance with applicable mining,
environmental, business and tax rules, regulations and laws, for retaining
attorneys, chartered accountants, certified public accountants and other
professionals as necessary in specific legal and other matters; for mediation of
compliance issues and disputes arising from this Agreement; for securing
property, business and liability insurance, and for maintaining and managing
security equipment, measures and services as necessary to protect the Joint
Venture, the Joint Ventures', their staff and visitors, and the Property,
Claims, Mining Site, Refining Facilities and other assets of the Joint Venture.

CONTRIBUTIONS OF ALTO

3. Alto shall have primary responsibility for:

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     a.   developing, maintaining and managing the Mining Site, facilities,
          equipment and operations, including the mining and other equipment and
          tools, housing, utility systems, bridge and other facilities, motor
          vehicles and trailers, and all other personal property; and for
          selecting and purchasing all necessary equipment, tools, supplies and
          other necessities for the site, as well as compliance with any onsite
          issues involving mining, environmental or other rules, regulations and
          laws; and

     b.   supervising the mining operations and mining equipment at the Mining
          Site, including all placer mining operations and hard rock operations
          as are necessary to for exploration, drilling, mine, remove, recover,
          process and separate the loose and hard rock Precious Metals; for
          supervising the handling of the Precious Metals for shipping; and for
          selecting, purchasing, modifying and otherwise selecting and
          maintaining all mining equipment and tools as necessary to achieve the
          best results possible using available placer and hard rock mining
          techniques.

OBLIGATIONS OF CONTRIBUTORS

4. The legal title to all equipment, tools, housing and other buildings,
furnishings and other personal property acquired by the contributors on behalf
of the Joint Venture as provided by the terms of this Agreement shall be held by
Alto for the benefit of and subject to the direction of the Joint Venture
created hereunder and the Joint Ventures' therein, subject to the terms of the
Agreement, and shall not be sold, leased or otherwise encumbered or transferred,
or the use such of such equipment be granted to any other party or company
unless the Joint Venture ceases to exist or the Joint Ventures' unanimously
agree in writing to such sale, lease, encumbrance, transfer or use subject to
the Joint Ventures right of preference and benefit.

ASSIGNMENT OF CONTRIBUTIONS

5. The Management Committee may add, delete, modify, change, reassign or
otherwise manage the contribution duties of the Joint Ventures' from time to
time as necessary to achieve the best possible results for the management and
operation of the Joint Venture Business.

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COSTS AND EXPENSES OF CONTRIBUTIONS

6. The management and operating costs and expenses of the Joint Ventures' shall
be paid by subject to the terms of this Agreement, and shall be handled by the
Joint Venture as budgeted and directed by the Management Committee without
further compensation or profit to the respective Joint Ventures'. In no event
the Management Committee will exceed 30% of the budget for salaries costs. The
drilling program will total at least 70% of overall budgets and expenditures
under all phases.

FUNDING, FINANCING AND EXPLORATION

7. ALTO shall pay $25,000 per Property (for a total cost of $75,000) to Castle
Peak upon the request and approval of the mineral commission in consideration
for the costs associated with the assignment of three (3) Properties to Castle
Peak , which shall include the receipt of all third party and regulatory
approvals.

8. Alto shall also be responsible for financing for the Joint Venture Business
and for making certain payments to Castle Peak. The financing agreements and
payment terms shall contain the following terms:

     (a)  ALTO has paid in full $60,000 to Castle Peak so Castle Peak can
          complete payment for outstanding bills, geological quarterly reporting
          needed on the Properties listed on Exhibit A, and to maintain
          compliance. Castle Peak will provide to ALTO documentation and/or
          invoices to support costs.

     (b)  Phase 1 Exploration starts December 1st, 2009 and will continue
          through March 30th, 2010. ALTO agrees to spend for the purposes of the
          Joint Venture Business $100,000.00 (One Hundred Thousand dollars) for
          budgeted working capital on Phase 1 exploration.

     (c)  Phase 2 Exploration will commence on the 1st day of February, 2010 the
          Effective Date and be completed within twelve months (by January 31,
          2011). ALTO agrees to place into an account at a Bank for the purposes
          of the Joint Venture Business by the Effective Date $1,500,000.00 (One
          Million Five Hundred Thousand dollars) for budgeted working capital on
          Phase 2 exploration (includes pitting, trenching, drilling, on the
          Properties). If the Phase 2 Exploration is not commenced within one
          month of the Effective Date ALTO shall pay a cash penalty of $100,000
          to Castle Peak. If the Phase 2 Exploration is not commenced within two
          months of the Effective Date, Castle Peak may elect to terminate this
          Agreement by providing notice on such date pursuant to section 10.1.

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          Not less than 30% of the Phase 2 exploration budget shall be applied
          towards the secondary target selected by ALTO. In addition to the
          foregoing:

          (i)  ALTO will pay Castle Peak cash installment payment of $250,000 as
               follow: $50,000 February 1st, 2010, $75,000 February 15th, 2010,
               $50,000 March 1st, 2010 and $75,000 March 15th, 2010.

          (iii) ALTO to issue to Castle Peak restricted shares of its common
               stock (restricted pursuant to the provision of Rule 144) (the
               "Consideration Shares") with a fair value (prior 20 day average
               trading price at close of business day used to determine
               issuance) of $150,000 on the Effective Date. In the event the
               stock is not valued at a minimum of $150,000 at the time of sale
               Alto will pay Castle Peak in cash the difference in balance
               within 30 days.

          (iv) ALTO will provide to Castle Peak all geological information
               obtained, invoices to support costs in order to file quarterly
               audit report documentation and file Ghana Government Minerals
               Commission ("Mincom") reports on the Properties selected.

          (v)  ALTO as of the Effective Date will maintain and pay for Castle
               Peak small offices in Accra and at the mine site, not to exceed
               $12,000 per year in total costs, which cost shall be paid on the
               Effective Date.

          (vi) ALTO has selected the Property concessions as listed on Exhibit
               A. ALTO has selected the Nkwanta concession as it primary target,
               for which it will hold a 70% Participating Ownership Interest in
               mineral rights. Of the remaining two concessions, ALTO will
               decide and select which concession will be its secondary target
               by January 1st, 2011, and for which it will continue to hold a
               50% Participating Ownership Interest in the hard rock mineral
               rights and such remaining concession that has not been selected
               shall be returned to Castle Peak in good standing with a Mincom
               reported files as to the work performed on the property and not
               be a part of this Agreement.

     (d)  Phase 3 Exploration will commence by the first anniversary of the
          Effective Date ( February 1st 2011 ) and be completed within one year
          of the first anniversary of the Effective Date. ALTO agrees to invest
          monies to be placed into an account at a Bank for the purposes of the
          Joint Venture Business $1,500,000.00 (One Million Five Hundred
          Thousand dollars) for budgeted working programs on Phase 3 exploration
          includes pitting, trenching, drilling, on the selected Properties and
          will provide National Instrument 43-101 Report addressed to Castle
          Peak. Not less than 30% of the Phase 3 exploration budget shall be
          applied towards the secondary target selected by ALTO. Alto will be
          given a 6 month grace period should they fail to deliver the

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          necccessary funding of 1,500,000 and be subject to 100,000 penalty
          within 30 days of the commencement date, March 1st 2012

          (i)  ALTO will make cash payment of $150,000 by the first anniversary
               of the Effective Date ( February 1st 2011 ) to Castle Peak for
               further Consideration of $150,000.

          (ii) For the two Properties it has selected, ALTO will pay Castle Peak
               for the Properties all expenses including licenses, EPA, legal
               fees and report require to maintain in good standing with the
               ministry and Mincom.

          (iii) ALTO will provide to Castle Peak quarterly audit report
               documentation, file Mincom work reports and invoices to support
               costs.

     (e)  Phase 4 Exploration will commence by the second anniversary of the
          Effective Date (February 1st 2012) and be completed within one year of
          the second anniversary of the Effective Date. ALTO will invest and
          place in an account at a Bank for the purposes of the Joint Venture
          Business a total cost of Phase 4 exploration $2,500,000 (Two Million
          Five Hundred Thousand dollars) for a working budget includes pitting,
          trenching, drilling, on the selected properties includes pitting,
          trenching, drilling, on the selected Properties and will provide
          National Instrument 43-101 Report addressed to Castle Peak.. Not less
          than 30% of the Phase 4 exploration budget shall be applied towards
          the secondary target selected by ALTO. . Alto will be given a 6 month
          grace period should they fail to deliver the necccessary funding of
          1,500,000 and be subject to 100,000 penalty within 30 days of the
          commencement date, March 1st 2013

          (i)  ALTO will make cash payment of $150,000 by the second anniversary
               of the Effective Date ( February 1st 2012 ) to Castle Peak for
               further Consideration of $150,000.

          (ii) ALTO will pay Castle Peak the costs of the Property expenses
               including licenses, EPA, legal fee and file all reports require
               to maintain in good standing with the ministry and Mincom.

          (iii) ALTO will provide to Castle Peak quarterly audit report
               documentation and invoices to support costs.

10. Concurrently herewith, ALTO shall enter into consulting agreements Mr. Jeff
Shammah for a period of one year, at the rate of $10,000 per month, and Mr.
Philip Adjeikwasi, at a rate of $3,000 per month (in both cases, plus expenses),

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on the terms contained in such agreements, as consultants to ALTO for the Joint
Venture Business.

11. In consideration for their efforts in identifying the Property, and in
arranging the Joint Venture with Castle Peak, prior to the Effective Date, ALTO
shall issue 100,000,000 preferred voting shares which will represent 51% of all
common stock voting rights of Alto Group Holdings to Ophiuchus Holdings Inc a
Delaware corporation. In the event that the preferred shares are not issued
within 60 days of completion of this agreement then this Agreement shall be
considered terminated and be of no further force or effect.

12. In the event that ALTO sells, assigns or transfers any of its interest in
the Property prior to the completion of Phase 4 exploration, all unpaid cash
payments, share issuances and work expenditure commitments shall be immediately
payable to Castle Peak (or its assignees) upon such sale, assignment or transfer
by ALTO

13. If ALTO does not meet cash payments, share issuances, or work commitments as
described herein in the time frame out line, then Castle Peak shall give ALTO
written notice of default and ALTO will have 30 days from notice of written
default to remedy the default and if not so done, then this contract will be
determined to be null and void and ALTO will cause all its employees and
belongings to be immediately removed from the related Joint Venture Property
commitments and issue a public statement that this Agreement has been terminated
under the default section of this Agreement.

14. The "Consideration Shares" means fully paid and non-assessable common shares
in the capital of ALTO, issued pursuant to exemptions from registration and
prospectus requirements contained in the United States Securities Act of 1933
and the rules and regulations promulgated thereunder, which Consideration Shares
shall contain such restrictive legends regarding applicable hold periods as
required by such securities laws.

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15. IN THE EVEN ALTO DOESN'T EXHAUST ALL THE FUNDS PER EACH PHASE, ALTO WILL PAY
CP THE BALANCE WITHIN 30 DAYS AFTER COMPLETION OF THE GIVEN PHASE.

16. Alto will

     (a)  use the investment resources available through all other commercially
          reasonable efforts to obtain the Required Terms;

     (b)  keep the other Joint Ventures' informed of its efforts in obtaining
          financing for the Joint Venture Business;

     (c)  provide the other Joint Ventures' with particulars of the terms of any
          proposed financing including the amount of any commitment, standby or
          other loan fees, the amount of financing available, the security
          required by the lender and other terms and conditions, and will not
          finalize any such financing or make any commitments for the payment of
          standby or other loans without the prior written approval of the Joint
          Ventures' if such commitment does not contain the Required Terms; such
          approval not to be unreasonably delayed or withheld.

11. Upon acceptance of the proposed financing of the Joint Venture Business, the
Management Committee is authorized to execute and deliver all such documents,
instruments and other assurances and do and cause to be done all such acts as
may be requisite or necessary in accordance with the terms of the written
commitment of the financing entity obtained and accepted so as to permit the
monies to be advanced by such entity.

                                    ARTICLE 6

                                    FINANCIAL

DISTRIBUTION OF PROCEEDS

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6.1 From time to time during the term of this Agreement, notwithstanding the
Participating Interests of the other Joint Ventures' in the Joint Venture and
subject to any taking in kind by any Joint Venturer under paragraph 6.7, the Net
Cash Flow shall, except as otherwise provided in the Agreement, be allocated
(and distributed on a quarterly basis) to the Joint Ventures' in the following
order:

     (a)  repayment to the Joint Ventures' of any advances made by the Joint
          Ventures' on accounting of financing charges;

     (b)  debt service on financing;

     (c)  operating costs of the Joint Venture;

     (d)  repayment or redemption of loans or other obligations, if any, from
          third parties;

     (e)  repayment of loans, if any, from the Joint Ventures';

     (f)  contingencies and reserves authorized by the Management Committee; and

     (g)  lastly, the balance to the Joint Ventures' in accordance with their
          Participating Interests.

TAX CONSEQUENCES

3. Each Joint Ventures' shall be responsible for and pay their own respective
corporate and personal tax and duty obligations, whether in Canada, the United
States, the United States Virgin Islands, or elsewhere, and each Joint Ventures'
shall hold the other Joint Ventures', the Company and the Joint Venture harmless
and agree to indemnify them for those tax and duty obligations, as well as and
costs of collection, interest, fines, penalties, or litigation.

ACCOUNTING

6.4 The books of account of the Joint Venture Business shall be maintained on an
accrual basis in accordance with Generally Accepted Accounting Principles,
consistently applied, and shall show all items of income and expense, all assets
and liabilities and the contribution accounts of the Joint Ventures'.

                                       17
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FINANCIAL INFORMATION

6.5 (a) The Joint Venture shall cause to be prepared and furnished to the Joint
Ventures' promptly after the close of each fiscal period of each of the Joint
Ventures' a balance sheet of the Joint Venture Business dated as of the end of
the fiscal period, a related statement of income or loss and a related statement
of source and application of funds for the Joint Venture Business for such
fiscal period, all of which shall be certified in the customary manner by the
Auditor, and the same information for the fiscal period as is required to be
included in the periodic reports referred to in (b) below.

     (b)  The Joint Ventures' shall cause to be prepared and furnished to each
          of the Joint Ventures':

          (i)  quarterly reports of the state of the business and affairs of the
               Joint Venture Business which reports shall include at least an
               operating statement comparing current revenues and operating
               expenses to each budget approved by the Joint Ventures' or the
               Management Committee, a statement of Net Cash Flow, a balance
               sheet and, on request of any Joint Venturer, other reports of
               significance to the Joint Ventures'; and

          (ii) upon request by a Joint Venturer from time to time any
               information about the business and activities of the Joint
               Venture Business necessary for the tax returns of that Joint
               Venturer.

          (c)  The Joint Ventures' shall also cause to be furnished to each
               other such other information on the business and affairs of the
               Joint Venture Business as may be reasonably requested by any
               Joint Venturer.

          (d)  Each Joint Venturer shall have the right from time to time at all
               reasonable times during usual business hours and without causing
               a material disruption of the business of the Joint Ventures', to

                                       18
<PAGE>
               audit, examine and make copies of or extracts from all records
               relating to the Joint Venture Business. Such right may be
               exercised through any agent or employee of such Joint Venturer
               designated by it, or by independent accountants designated by
               such Joint Venturer. Such Joint Venturer shall bear all expenses
               incurred in any such audit or examination or for copies or
               extracts made at such Joint Venturer's request.

AUDITOR

6. The Management Committee shall retain a chartered accountant or certified
public accountant, or appoint a Chief Financial Office (the Accountant) to
maintain the financial records of the Joint Venture consistent with the terms of
this Agreement. The Joint Ventures' agree to make available the financial
records of their respective individual or company businesses, as well as the
financial records of the Joint Venture in their possession, to the Accountant
and any auditor appointed by the Management Committee. The Management Committee
shall select an independent auditor (the "Auditor") to annually audit the
financial affairs of the Joint Venture.

RIGHT TO TAKE IN KIND

7. Provided the Joint Venturer so electing has paid or made adequate provision
to pay their respective Participating Interest of all Joint Venture expenses and
costs then outstanding, any Joint Venturer may elect to receive or take in kind
title to, ownership of and possession of and separately dispose of the Precious
Metals produced from the activities of the Joint Venturer's operations in
proportion to that Joint Venturer's Participating Interest. The Precious Metals

                                       19
<PAGE>
delivered in kind shall be a representative selection of the various Precious
Metals recovered from operations, including a fair portion of the coarse
Precious Metals recovered, if any, based on an alternate selection between the
electing Joint Venturer and the other Joint Ventures' in accordance with their
respective Participating Interests, subject to the provisions of this Agreement.

DILUTION OF PARTICIPATING INTERESTS

6.8 The Joint Ventures acknowledge that certain rights and interests remain in
dispute and are subject to negotiation and settlement, or possible litigation.
Furthermore, in the interest of the Joint Venture it may be advisable or
necessary to retain experts in the field or mining, recovery and refining of
mineral ores. The Joint Ventures agree that to the extent that a settlement is
agreed to amicably or through mediation, or by order or judgment of an
arbitrator or court of proper jurisdiction, or that the Joint Venture retains an
expert in the field of mining or recovery / refining, that their respective
shareholder interests in the Company and their respective Joint Venture
interests may be subject to dilution. NO DILUTION EXISTS UNTIL ALTO SPENDS THE
FIRST 5,600,000 AND COMPLETES THE FOUR PHASES AND THEN FURTHER FUNDING WILL BE
DONE ON A PRO RATA BASIS WITH MUTUAL CONSENT FROM BOTH PARTIES.

ALTO is authorized to negotiate such settlements, handle any alternative dispute
resolution or litigation, or negotiate any retainer agreements under the
direction of the Management Committee and subject to the approval of a majority
of the participating Joint Ventures'.

                                    ARTICLE 7

                                 ADMINISTRATION

DECISIONS

7.1 All material decisions in relation to the Joint Venture Business must be
made by the Management Committee in the manner specified in paragraph 7.2.

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MANAGEMENT COMMITTEE

2. Subject to the provisions hereof, the business and affairs of the Joint
Venture shall be managed by a committee (the "Management Committee"). The
Management Committee For the Nkwanta Property shall at all times consist of
three persons, two to be appointed by ALTO and one to be appointed by Castle
Peak, and for the secondary Property shall at all times consist of two persons,
one to be appointed by ALO and one to be appointed by Castle Peak. Management
Committee members serve at the pleasure of the appointing Joint Venturer and may
be replaced at any time and from time to time by notice in writing to the other
Joint Ventures.

7.3 The Joint Ventures' agree as follows with respect to the Management
Committee:

     (a)  decisions of the Management Committee made in accordance with this
          Agreement shall be binding on the Joint Ventures';

     (b)  each representative of the Management Committee shall be entitled to
          one vote;

     (c)  the powers of the Management Committee may only be exercised by
          resolution approved by two of the three of the members at a meeting or
          consented to in writing by two of the members; however, in matters
          involving the sale of all or part of the assets of the Joint Venture
          or requiring any material change in the Joint Venture Business or
          contracts with affiliates, such powers may only be exercised by
          resolution approved by the unanimous vote of all three members or
          consented to in writing by all three members, or in the absence of
          such unanimity approved unanimously by the Joint Ventures' in writing;

     (d)  meetings of the Management Committee shall be held on a regular
          schedule at such time and in such place or places as the Management
          Committee so determines;

     (e)  other meetings of the Management Committee shall be held from time to
          time at such time and such place [subject to paragraph 7.3(d)] as any
          member of the Management Committee may determine. Notice of the time
          and place of every meeting so called shall be given by the party
          calling the meeting not less than seven Business Days before the time
          when the meeting is to be held, provided that no notice of a meeting
          shall be necessary if all members of the Management Committee are
          present or waive such notice in writing;

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<PAGE>
     (f)  the members of the Management Committee shall be required to devote so
          much of their time to the Joint Venture Business as shall reasonably
          be necessary to perform their duties pursuant to this Agreement;

     (g)  no fees, salaries, commissions or other compensation shall be paid by
          the Joint Ventures' to the members of the Management Committee unless
          the Joint Ventures' otherwise agree in writing. They shall, however,
          be entitled to reimbursement of all actual, reasonable and appropriate
          expenditures made by them on behalf of the Joint Ventures' and in
          accordance with the provisions of this Agreement;

     (h)  the Joint Ventures' will jointly and severally indemnify each member
          of the Management Committee and alternates and agree to save them
          harmless from and against all costs, expenses, liabilities, claims,
          demands, actions, suits and proceedings brought, commenced or had
          against such person for or in respect of anything done by that person
          in the proper discharge of their duties. A Joint Venturer will
          indemnify each member of the Management Committee and alternates and
          agree to save them harmless in respect of the acts or omissions of the
          member of the Management Committee or alternate appointed by such
          Joint Venturer;

     (i)  a meeting of the Management Committee may be held by means of
          conference telephone or other communications equipment by which all
          members participating are able to hear each other, and all members so
          participating shall be considered to be present in person at such
          meeting;

7.4 The Management Committee will oversee the development and management of the
Joint Venture Business and make policy decisions applicable to the Joint Venture
Business.

7.5 The Management Committee will ensure that the Joint Ventures':

     (a)  use their best efforts to explore, develop and mine, consistent with
          current recognized placer and hard rock mining, recovery and refining
          practices and in a manner compliant with all applicable laws; and

     (b)  devote their full fiduciary duty to the development of the mine an
          protection of the Assets; and

                                       22
<PAGE>
     b.   keep the Management Committee fully any accurately informed in a
          prompt and timely fashion with regards to all mining, business,
          financial, governmental matters; and

     (d)  obtain approval from the Management Committee of any budgetary
          expenditures; and

     c.   fully inform the Management Committee of any process or technique
          developed for the mining or refining of the black sands or mineral
          ore; and

     d.   fully inform the Management Committee of any other relevant
          information that may effect the management, operations, interests or
          otherwise effect the Joint Venture.

AGENTS

7.6 The Joint Ventures' may from time to time appoint agents, attorneys or
others for the Joint Ventures' or the Joint Venturer with such powers of
management or otherwise (including the power to sub delegate) as may be
determined by the Management Committee.

EXECUTION OF DOCUMENTS

7. Any agreement or other such document to be signed on behalf of the Joint
Ventures' must be signed by at least two members of the Management Committee or
such other staff or persons as the Management Committee may authorize in
writing.

7.8 Any instrument (including without limiting the generality of the foregoing
cheques drawn on the Joint Venture account) to be signed by at least two members
of the Management Committee, unless the Management Committee otherwise
authorizes as it deems necessary and appropriate in the course of business that
a Joint Venturer, agents, staff or other persons as signers on the Joint Venture
banking accounts. The Management Committee may direct that the Joint Venture
banking account require one or two signers.

                                       23
<PAGE>
                                    ARTICLE 8

                              TRANSFERS OF INTEREST

RESTRICTIONS

1. No Participating Interest of any Joint Venturer in the Joint Venture, may be
sold, leased, transferred, mortgaged, encumbered or otherwise disposed of in
whole or in part, and no agreement or commitment may be made to do any of the
same, except in each case with the approval of the Management Committee and
written consent of the other Joint Ventures', or as specifically permitted by
this Agreement and any attempt to do so shall be void. ALTO acknowledges that
Castle Peak is a private company and currently is evaluating various
alternatives to become a public company and in the normal course of business if
Castle Peak is successful in becoming a public trading this company then shall
not be deemed contrary to that described above.

RIGHT OF FIRST REFUSAL

8.2 (a) A Joint Venturer ("Selling Joint Venturer") may at any time sell full
title to all, but not part, of its Participating Interest if:

     (i)  A. it wishes or intends to make an offer ("Offer to Sell") to sell or
          otherwise dispose of its Participating Interest, or

B. it receives from a person or corporation ("Offeror") an unsolicited bona fide
arm's length offer ("Offer") which it is prepared to accept under which the
purchase price is payable in cash or by assumption of encumbrances or partly in
cash and partly by assumption of encumbrances and not in trade for property or
other consideration, direct and indirect, and under which the date of closing
for the purchase and sale is no later than 120 days after the date of the
acceptance of the Offer or Offer to Sell as the case may be;

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<PAGE>
     (ii) the Selling Joint Venturer has given to the other Joint Ventures'
          written notice ("Notice of Offer")

          A.   containing the terms of the Offer to Sell upon which the Selling
               Joint Venturer is willing to sell its Participating Interest, or

          B.   a copy of the Offer and a statutory declaration of an officer of
               the Selling Joint Venturer that the Offer is in accordance with
               subparagraph (i)B above providing reasonable information about
               the Offeror including its financial condition, the identity and
               residence of the Offeror (and each of the beneficial owners of
               its shares and of all of its and their directors and officers in
               the event that the Offeror is a corporation); and

     (iii) the Offer under subparagraph (i)B obligates the Offeror and the Offer
          to Sell obligates the purchaser to be bound by all rights and
          obligations of the Selling Joint Venturer in respect of the Joint
          Venture Business and the Offer under subparagraph (i)B obligates the
          Offeror to comply with paragraph 8.2(d) if notice is given by the
          Offeree.

a. The other Joint Ventures' may, at any time within 60 days of receipt of the
Notice of Offer made under subparagraph (a)(i)B by written notice to the Selling
Joint Venturer elect to purchase the Participating Interest of the Selling Joint
Venturer in the proportion that their then particular Participating Interests
bears to the total of their then Participating Interests, or if one of the other
Joint Ventures' elects not to purchase any of the Participating Interests of the
Selling Joint Venturer all of such Participating Interest, the acquisition to be
on the terms set out in the Offer or the Offer to Sell, as the case may be,
except that the completion of the sale and payment of the purchase price will be
60 days after delivery of the notice of election or sooner at the election of
the accepting Joint Ventures'.

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<PAGE>
(d) If none of the other Joint Ventures' gives its notice of election to
purchase within the 60 day period following receipt of the Notice of Offer as
aforesaid, the Selling Joint

Venturer may dispose of its Interest (including any advances) on the terms and
conditions of

     (i)  the Offer and to the Offeror mentioned in the Notice of Offer within
          the period of 120 days referred to in subparagraph (a)(i)B above but
          not otherwise, or

     (ii) the Offer to Sell as set out in the Notice of Offer within a period of
          six months from the date of the Offer to Sell or at a price higher
          than set out in the Offer to Sell or at the same price set out in the
          Offer to Sell and on terms (other than the price) more onerous to a
          purchaser than set out in the Offer to Sell.

(e) Each of the other Joint Ventures' may, at any time within 60 days of receipt
of the Notice of Offer made under subparagraph (a)(i)B by written notice to the
Selling Joint Venturer elect to have the Offeror acquire the Participating
Interest of that other Joint Venturer on the terms set out in the Offer, such
sale to be completed concurrently with the sale of the Interest of the Selling
Joint Venturer.

(f) If the other Joint Ventures' do not make an election pursuant to paragraph
8.2(d), the Offeror will contemporaneously with its purchase of the Selling
Joint Venture's Participating Interest enter into an agreement with the other
Joint Ventures' (reasonably satisfactory to the solicitors of the other Joint
Ventures') on the terms hereof or whereby the Offeror shall be bound by and
entitled to the benefit of this Agreement in place of the Selling Joint Venturer
but without releasing the Selling Joint Venturer from any of its obligations
hereunder except to the extent specifically agreed by the other Joint Ventures'.

(g) If the sale is not completed within the 120 day period referred to in (a)
above, then the Selling Joint Venturer shall not proceed with a sale of its
Participating Interest without again complying with the provisions of this
Agreement.

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<PAGE>
(h) Any party acquiring the Selling Joint Venture's interest, other than another
Joint Venturer, must enter into a written agreement to participate in the Joint
Venture, and must obtain unanimous approval of the Management Committee and the
other Joint Ventures to become a Joint Venturer.

TRANSFERS TO AFFILIATES

8.3

     (a)  Any Joint Venturer not in default hereunder shall be entitled to
          transfer full title to all of its Participating Interest to an
          Affiliate of that Joint Venturer provided that contemporaneously with
          such transfer the transferee enters into an agreement with the
          remaining Joint Venturer on the terms hereof whereby it shall be bound
          by and entitled to the benefit of this Agreement and agrees that prior
          to or immediately after ceasing to be an Affiliate it will, upon
          request of the other Joint Venturer, transfer the Participating
          Interest back to the transferring Joint Venturer or to another
          Affiliate of the transferring Joint Venturer provided that other
          Affiliate enters into a similar agreement with the continuing Joint
          Venturer.

     (b)  In the event that an individual Joint Venturer shall incorporate their
          interests as a corporation or other formal business entity, it is
          agreed that their company shall assume their respective interests and
          obligations as a Joint Venturer under this Agreement without further
          action other than to formally inform the Management Committee that
          they have incorporated their interests and indicate the name under
          which they will be doing business.

     (c)  In the event that a shareholder of a corporate Joint Venturer shall
          bifurcate or partition their shareholder interest as an individual or
          as a corporate entity, it is agreed that their newly established
          interest or company shall assume the respective interests and
          obligations of their former corporate Joint Venturer as a Joint
          Venturer under this Agreement, provided they agree in writing on
          behalf of themselves or their corporate entity to the provisions of
          this Agreement, formally inform the Management Committee that they
          have so bifurcated or partitioned their interests as an individual or
          corporate Joint Venturer, and indicate the name under which they will
          be doing business.

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                                    ARTICLE 9

                              DEFAULT AND REMEDIES

EVENTS OF DEFAULT

9.1 Any of the following events shall constitute an "Event of Default" with
respect to the Joint Venturer in question ("Defaulting Joint Venturer"):

     (a)  the occurrence of an event of insolvency in respect of that Joint
          Venturer;

     (b)  a default under Article 8 which is not cured immediately after notice
          from the other Joint Ventures' who are not in default under this
          Agreement ("Other Joint Ventures'") has been given to the Defaulting
          Joint Venturer requiring the same to be cured immediately;

     (c)  any other default by a Joint Venturer in the performance or observance
          of any of the obligations of the Joint Venturer which continues for a
          period of 30 days after the Other Joint Venturer has given notice to
          the Defaulting Joint Venturer specifying the nature of the default and
          requiring that the default be cured, or if the default was not capable
          of being cured within that period but is capable of being cured, that
          Joint Venturer does not commence to cure the same within that period
          and does not continue diligently thereafter to cure the same; or

     (d)  ALTO does not meet its obligations to earn its 70% and 50% ownership
          interest in the Property as described herein in regards to the Joint
          Venture as described above and after given notice of default by Castle
          Peak, specifying the nature of the default, does not cure the default
          within 30 days of receiving the default notice, then this Agreement
          will automatically be null and void regardless of monies, work or
          shares issued by ALTO to Castle Peak before the default notice and
          ALTO will return the Properties to Castle Peak in good standing.

REMEDIES

9.2 Upon the occurrence of an Event of Default by a Defaulting Joint Venturer,
the Other Joint Ventures' shall have the right, in addition to any other
remedies available to them, to do one or more of the following:

     (a)  bring any proceedings in the nature of specific performance,
          injunction or other equitable remedy, it being acknowledged by each of

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<PAGE>

          the parties hereto that damages at law may be an inadequate remedy for
          a default or breach of this Agreement;

     (b)  to remedy such default on behalf of the Defaulting Joint Venturer, and
          also bring any action at law or otherwise to be reimbursed by the
          Defaulting Joint Venturer for any monies expended to remedy such
          default and any other expenses incurred by the other Joint Ventures'
          including legal fees on a solicitor and client basis together with
          interest at four percent per annum plus the prime rate of the Bank
          from time to time in effect. The Defaulting Joint Venturer shall
          remain in default until the default is remedied and the Other Joint
          Ventures' has been paid the above amounts;

     (c)  bring any action at law as may be necessary or advisable in order to
          recover damages;

     (d)  if the default is a major default which has not been remedied within
          60 days after its occurrence the Other Joint Ventures' may, within 60
          days after the Other Joint Ventures' become aware of the major
          default, arrange for a determination by the Auditor (as an expert) of
          the fair market value of the Defaulting Joint Venturer's Participating
          Interest as at the time the major default occurred. If there is no
          Auditor, the determination shall be made by any one of Price
          Waterhouse Coopers, KPMG or

          Deloitte Touche (as an expert) selected by the Other Joint Ventures'.
          The purchase price paid by the purchaser to the Defaulting Joint
          Venturer will be that fair market value less twenty percent, payable
          at closing in cash or by certified cheque or by the assumption of
          obligations of the Defaulting Joint Venturer in respect of Joint
          Venture Obligations. Either contemporaneously with arranging for such
          determination or within 90 days after such determination, the Other
          Joint Ventures' may give written notice to the Defaulting Joint
          Venturer of an election to purchase the Participating Interest of the
          Defaulting Joint Venturer for the purchase price determined as above,
          in which case the sale shall be closed as provided in paragraph 9.5

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<PAGE>
          and the Defaulting Joint Venturer will sell its Participating Interest
          to that Other Joint Ventures' in the proportion that their then
          Participating Interest bears to the total of their Participating
          Interests. The Defaulting Joint Venturer will pay the cost of having
          the purchase price determined and will reimburse the other Joint
          Ventures' any amounts under paragraph 9.2(b) and such costs and
          amounts may be deducted from any amounts payable to the Defaulting
          Joint Venturer hereunder; or

     (e)  exercise any of its remedies under any mortgage, charge or other
          security given by the Defaulting Joint Venturer to the Other Joint
          Venturers in relation to this Agreement.

9.3 The closing of the sale of the Participating Interest of a Defaulting Joint
Venturer to the Other Joint Ventures' shall be held at the address for the
solicitors for the Company on a date specified by the Other Joint Ventures' not
more than 30 days after the later of the election by the Other Joint Ventures'
to purchase the Interest and the agreement as to, or the determination of, the
purchase price of the Interest being sold. At the closing, a transfer from the
Defaulting Joint Venturer to the Other Joint Ventures' of the Participating
Interest of the Defaulting Joint Venturer, together with such instruments and
documents which, in the opinion of the solicitors for the Other Joint Ventures',
are necessary or desirable to effect the sale and transfer shall be delivered to
the Other Joint Ventures', the purchase price shall be paid and the Other Joint
Ventures' will enter into all instruments and documents as may be necessary to
assume the obligations of the Defaulting Joint Venturer in respect of the Joint
Venture Obligations, which are being assumed as part of the purchase price.

FURTHER RESTRICTIONS

9.4

     (a)  Notwithstanding any other provision of this Agreement, no Joint
          Venturer may sell, transfer, assign, lease, or otherwise encumber or

                                       30
<PAGE>
          dispose of any of its Participating Interest if it is at that time a
          Defaulting Joint Venturer unless it prior to or concurrently therewith
          ceases to be a Defaulting Joint Venturer and except pursuant to
          paragraph 9.2(d).

     (b)  A Defaulting Joint Venturer while still a Defaulting Joint Venturer
          shall not be entitled to give notice under paragraph 9.2(d) to another
          Joint Venturer.

RIGHTS OF JOINT VENTURES'

9.5 The rights available to the Joint Ventures' under this Agreement and at law
shall be considered to be several and not dependent on each other and each such
right accordingly shall be construed as complete in itself and not by reference
to any other such right. Any one or more, or any combination, of such rights may
be exercised by the Joint Ventures' from time to time and no such exercise shall
exhaust the rights or preclude the Joint Venturer from exercising any one or
more of such rights or combination thereof from time to time thereafter or
simultaneously.

TERMINATION

9.6 (a) Any Party may at any time terminate its participation as a Joint
Venturer under this Agreement by giving to the other Parties not less than 120
days prior written notice of such termination and this Agreement shall terminate
with respect to that Joint Venturer, which gave such notice upon the end of the
notice period except for reconciliation of any transactions that are outstanding
at that time.

(b) The terminating Joint Venturer may elect to continue to otherwise be bound
by the terms of this Agreement and receive their paragraph 6.1 (f) disbursements
as provided in this Agreement subject to the right of the Joint Venture to
recover from any such disbursement that Parties ongoing share of the costs and
expenses required under paragraph 6.1 (a through e) plus reasonably assessed

                                       31
<PAGE>
fees as determined by the Management Committee as appropriate to compensate the
Joint Venture and the other Joint Ventures' for the loss of active participation
by the terminating Party. Such election must be in writing and approved
unanimously by the Management Committee and the Joint Ventures'.

TERMINATION AND LIQUIDATION

9.7 The Joint Venture shall terminate upon the earlier of:

     (a)  the date that all the Joint Ventures' agree to terminate same; or

     (b)  the date of the sale of all of the property of the Joint Venture or
          all of the Participating Interests to a single Joint Venture or to an
          outside party.

9.8  Upon termination of the Joint Venture the Management Committee shall:

     (a)  cause the affairs of the Joint Venture to be wound up;

     (b)  collect all sums due to the Joint Ventures' in connection with the
          Joint Venture; and

     (c)  pay all liabilities and obligations of the Joint Venture in connection
          with the Joint Venture out of the funds of the Joint Venture that are
          available, and thereafter the remaining proceeds and assets of the
          Joint Venturer, if any, shall, subject to this Agreement, be
          distributed among or the remaining liabilities and obligations of the
          Joint Venture, if any, shall be borne by the then Joint Ventures' in
          accordance with the Participating Interests at the termination date.

SURVIVAL OF CERTAIN PROVISIONS

9.9 Notwithstanding the termination of the Joint Venture for any reason
paragraph 4.6, 4.7, 9.8, 10.9, 10.14 and this paragraph 9.9 shall

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survive such termination and shall continue to bind the Joint Ventures'.

                                   ARTICLE 10

                                     GENERAL

NOTICE

10.1 Any notice to be given by a Party to another shall be in writing and shall
either be mailed by prepaid registered post, personally delivered, addressed as
follows:

If to Castle Peak:

     511-475 Howe Street Vancouver, British Columbia Canada V6C 2B3

If to Alto:

     110 Wall Street, 11th Floor New York, NY 10005

or to such other address, facsimile number or email address as either Party
hereto may from time to time designate by written notice to the other Party
hereto. Any such notice shall be considered to have been given and received by
the Party to whom it is addressed on delivery if delivered on a Business Day or
on the date of facsimile transmission if sent by facsimile during normal
business hours on a Business Day and otherwise on the next succeeding Business
Day, and if mailed, then on the third Business Day after it has been mailed,
except in the event of disruption of mail services in which event the notice
shall be delivered or transmitted by facsimile.

TIME OF ESSENCE

10.2 Time will be of the essence of this Agreement.

AGREEMENT DATE AND SCOPE

10.3 This Agreement is effective and binding on all participating Parties from
the Agreement Date first above written and will continue until it is terminated
by the mutual agreement of the

Parties or until the Parties cease to do business, whichever occurs first; and

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10.4 Each Party entering into and executing this Agreement will be bound by its
terms and conditions as a Joint Venture regardless of whether or not any other
Party fails to enter into or execute this Agreement in a timely manner.

SUBMISSION TO JURISDICTION

10.5 Each of the Parties will:

     (a)  submit to the exclusive jurisdiction of the courts of British Columbia
          unless otherwise permitted or specified by the terms of this
          Agreement; and

     (b)  if any appointed agent is required, notify the others of the name and
          address of its appointed agent.

ENTIRE AGREEMENT

10.6 This Agreement and the agreements contemplated by it constitute the entire
Agreement between the Parties with respect to the subject matter thereof and,
except as stated in this Agreement and in the instruments and documents to be
executed and delivered under it, contains all the covenants, representations,
and warranties of the respective Parties relating to the Joint Venture Business.
There are no oral representations or warranties among the Parties of any kind.
This Agreement may not be amended or modified in any respect except by written
instrument signed by each of the Parties.

ENUREMENT

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

MEDIATION, ARBITRATION AND LITIGATION

10.8 Except as otherwise provided in this Agreement and except for disputes
solely involving a question of law:

     *    the Parties will attempt to resolve all disputes concerning the
          interpretation, application and enforcement of any term of this

                                       34
<PAGE>
          Agreement by mediated negotiation, and will use their best efforts to
          agree on the choice of a mediator;

     (b)  if a dispute arises to which this paragraph applies and which cannot
          be resolved by mediation within 90 days after one of the Parties
          notifies the other in writing of an intention to mediate the dispute,
          the Parties will by agreement submit the matter to a single arbitrator
          for binding arbitration, under the provisions of the COMMERCIAL
          ARBITRATION ACT of British Columbia. The Parties to this Agreement and
          not the arbitrator may appoint experts to give evidence in the
          arbitration proceeding; and

     (c)  during the progress of any mediation or arbitration, the Parties will
          continue to perform their obligations under this Agreement; and

     (d)  any Party may require any unresolved dispute regarding this Agreement
          be litigated in court; and

     (e)  the prevailing Party at mediation, arbitration, trial, or on appeal is
          entitled, in addition to such relief as may be granted, their
          reasonable attorney fees and costs as set by the mediator, arbitrator,
          judge or tribunal.

CONFIDENTIALITY

10.9 The making of this Agreement and the consummation of the transactions
contemplated in this Agreement will be maintained as strictly confidential, and
subject to the requirement of law and of governmental and regulatory
authorities, none of the Parties will make any disclosure concerning the terms
or conditions of this transaction or any other aspect of their dealings,
including, but not limited to, information relating to mining, refining or other
business operations, finances, customers, technologies, or trade secrets, etc.,
with one another except with the written consent of the other Parties (such
consent not to be unreasonably withheld) or as is necessary in order to carry
out their respective contributory duties under the terms of this Agreement.

10.10 These restrictions will not apply to any information that:

     a.   is in the public domain through no fault of the recipient;

                                       35
<PAGE>
     b.   is authorized for disclosure by the disclosing Party or the Management
          Committee;

     c.   is received by the recipient from another unrestricted source;

     d.   is independently developed by the recipient; or

     e.   is lawfully required to be disclosed by a court or other judicial
          proceeding in any jurisdiction.

10.11 The Parties agree that because monetary damages alone would be
insufficient to consummate for a breach of these confidentiality provisions, any
Party may seek any judicial, nonjudicial or extraordinary relief available in
any court with competent jurisdiction to prevent the breach of these provisions.
This remedy is in addition to any other remedies that may be available.

FURTHER ASSURANCES

10.12 Each of the Parties hereto will from time to time and upon reasonable
request do, execute and deliver all further assurances, acts and documents for
the purpose of giving full force and effect to the covenants, agreements and
provisions herein contained.

INVALID PROVISIONS

10.13 If any term or provision of this Agreement is unenforceable or invalid for
any reason whatever, such unenforceability or invalidity shall not affect the
enforceability or validity of the remaining provisions of this Agreement and
such provision shall be severable from the remainder of this Agreement.

GOVERNING LAW

10.14 This Agreement shall be governed by and construed in accordance with the
laws of the Province of British Columbia and the laws of Canada applicable
therein and each Party attorns to the exclusive jurisdiction of the courts of
British Columbia.

COMPLIANCE WITH LAWS

15. The Parties are individually and jointly is responsible for complying with
all applicable rules, regulations and laws applicable to any of the activities
and business of this Joint Venture.

                                       36
<PAGE>
PREVIOUS AGREEMENTS

10.16 This Agreement shall supersede any previous agreements made between the
Parties hereto relating to the Joint Venture Business and any such previous
agreements shall, upon execution of this Agreement, be void and of no further
force or effect.

SUCCESSORS

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

FORCE MAJEURE

18. The Joint Ventures', individually or collectively, are not responsible for
delays in performance caused by wars, fires, strikes, embargos, export licensing
delays or priority exclusion by government authorities, transportation
conditions, material shortages, natural disasters, or other causes beyond its
reasonable control. The Joint Ventures', individually or collectively, shall not
be obligated to perform any service or provide any product to the other while
amounts properly due and owing remain unpaid.

WAIVERS

19. If any Joint Venturer ever fails to require performance by the other Party
of any provisions of this Agreement, that failure will not affect the Joint
Venturer's or the Joint Ventures' full right to require performance of the same
provision later. A waiver by any Party of a breach of any provision of this
Agreement will not be taken or held a waiver of the provision itself.

COMPANY BOUND

10.20 The Company hereby acknowledges all of the terms and conditions of this
Agreement and hereby covenants and agrees with each of the Joint Ventures' to
observe, perform and be bound by each and every term and condition hereof.

GOVERNING INSTRUMENT

10.21 This Agreement represents the complete agreement between the parties and
on this subject matter and governs all transactions.

                                       37
<PAGE>
EXECUTION AND AGREEMENT DATE

IN WITNESS WHEREOF the parties hereto have executed this Agreement on the pages
following before a notary public on the dates and year indicated. In doing so,
the Parties each acknowledge and agree that this Agreement shall be effective
and binding as of the day and year first above written.

ALTO GROUP HOLDINGS, INC.

Per: /s/ Mark Klok
    ----------------------------------------
    Mark Klok
    President

State of NY                                 )
         -----------------------------------
                                            ) ss.
County of  Bronx                            )
          ----------------------------------

Subscribed and sworn to be for me on this _____ day of January, 2010.

                                  /s/ Cheng Lee
                                  ----------------------------------------------
                                  Notary Public for the State of _______________
                                  My Commission Expires: _________________

CASTLE PEAK MINING, LTD.

Per: /s/ Peter Hawley
    ----------------------------------------
    Peter Hawley
    President

Province of British Columbia                )
                                            ) ss.
City of Vancouver                   )

Subscribed and sworn to be for me on this _____ day of January, 2010.

                              --------------------------------------------------
                              Notary Public for the Province of British Columbia
                              My Commission Expires: _________________

                                       38Exhibit 10.1

Exhibit 10.1

PROSPECTIVE PROPERTIES ACQUISITION AGREEMENT made as of January 5, 2009.

		
	BETWEEN: 	AMERICAN LITHIUM MINERALS, INC., a corporation duly incorporated under the laws of Nevada, having a place of business at 2850 W. Horizon Ridge Parkway, Suite 200 Henderson, NV, 89052, USA represented for the purposes

      hereof by Hugh Aird, duly authorised as he so declares; 

	 
	 	(hereinafter referred to as “American Lithium”) 
	 
	 
	AND: 	GOLD SUMMIT CORPORATION, a corporation duly incorporated under the laws of Canada, having a place of business at 360 Bay Street, Suite 500, Toronto, ON, M5H 2V6, Canada represented for the purposes hereof by Anthony Taylor, duly authorised as he so declares; 

	 
	 	(hereinafter “GOLD SUMMIT”) 
	 
	 	(collectively, the “Parties” and each of them, a “Party”) 

RECITALS:

WHEREAS GOLD SUMMIT is knowledgeable of Prospective Grassroots Basin Projects located in the State of Nevada, known as the Prospective Grassroots Basin Properties (the “Prospective Properties”), that will be staked and registered as 100% owned mining claims (the list of basins that will be staked and registered as 100% owned mining claims comprising the Prospecitive Properties is attached hereto as Schedule A);

WHEREAS the Parties have agreed to complete the following transaction relating to the Prospective Properties on the terms and subject to the conditions set forth in this Agreement (collectively, the “Transaction”):

		a) 	
GOLD SUMMIT shall assign, transfer and sell to American Lithium all of its rights, titles and interests in and to the Prospective Properties upon completion of staking and registering the 100% owned mining claims;

			
		 	(i)      	
In consideration of the purchase, at the Time of Closing (as hereinafter defined), American Lithium shall (a) pay GOLD SUMMIT the sum of $50,000, (b) issue to GOLD SUMMIT 500,000 Common Shares (as hereinafter defined); (c) in the event that the share price of AMERICAN LITHIUM closes less than $1.00, between 6 to 12 months after the closing date of this Agreement, AMERICAN LITHIUM shall issue, on a one-time basis, an additional 200,000 shares of AMERICAN LITHIUM; and (d) grant GOLD SUMMIT a 2% NRR whereby the NRR is subject to buyback by American Lithium for US2 million dollars.

				
		b)      	
AMERICAN LITHIUM will pay GOLD SUMMIT for the out-of-pocket expenses incurred for additional property research required prior to stakingstaking the claims, and filing the claims for the Prospective Properties.

Properties Acquisition Agreement between

American Lithium Minerals, Inc. & Gold Summit Corporation

THEREFORE, the Parties agree as follows:

ARTICLE 1 - INTERPRETATION

		
	1.1 	Definitions 

Whenever used in this Agreement, the following words and terms shall have the meanings set out below:

“Agreement” means this Prospective Properties Acquisition Agreement and all instruments supplementing or amending or confirming this Agreement and references to “Article” or “Section” mean and refer to the specified Article or Section of this Agreement;

“Business Day” means a day, other than a Saturday or Sunday, on which the principal commercial banks are open for business during normal banking hours;

“Claim” shall have the meaning ascribed thereto in Section 5.1(b);

“Closing Date” shall have the meaning ascribed thereto in Section 2.2;

“Common Shares” means common shares in the capital of American Lithium as presently constituted;

“Exchange” means the applicable Exchange jurisdiction for each Party under which each Party is a reporting issuer whose shares are listed for trading.

“Governmental Body” means any government, parliament, legislature, or any regulatory authority, agency, commission or board of any government, parliament or legislature, or any court or (without limitation to the foregoing) any other law, regulation or rule-making entity (including any central bank, fiscal or monetary authority or authority regulating banks), having or purporting to have jurisdiction in the relevant circumstances, or any Person acting or purporting to act under the authority of any of the foregoing (including any arbitrator);

“Interest” shall have the meaning ascribed thereto in the Recitals;

“LOI” shall have the meaning ascribed thereto in the Recitals;

“Mining Act” means the Mining Act for the jurisdiction of the Prospective Properties and the regulations adopted thereunder;

  

  “NRR” or “Net Revenue Royalty” is the royalty calculated on the gross operating revenueless the operating costs associated with the on-site mining and processing of the mineral,“Net Revenue”; but not including exploration, corporate overhead, depreciation, depletion,amortization and taxes;

   

“Notice” shall have the meaning ascribed thereto in Section 6.1;

“Parties” and “Party” shall have the meanings ascribed thereto in the preamble;

“Person” means any individual, partnership, limited partnership, joint venture, syndicate, sole proprietorship, company or corporation with or without share capital, unincorporated association, trust, trustee, executor, administrator or other legal personal representative or Governmental Body;

“Prospective Properties” shall have the meaning ascribed thereto in the Recitals;

“Time of Closing” shall have the meaning ascribed thereto in Section 2.2;

“Transactions” shall have the meaning ascribed thereto in the Recitals; and

- 2 -

Properties Acquisition Agreement between

American Lithium Minerals, Inc. & Gold Summit Corporation

		
	1.2 	Certain Rules of Interpretation 

In this Agreement:

		(a) 	
Time – time is of the essence in the performance of the Parties' respective obligations;

			
		(b)      	
Currency – unless otherwise specified, all references to money amounts are to United States currency;

			
		(c) 	
Headings – descriptive headings of Articles and Sections are inserted solely for convenience of reference only and are not intended as complete or accurate descriptions of the content of such Articles or Sections;

			
		(d)      	
Singular, etc. – use of words in the singular or plural, or with a particular gender, shall not limit the scope or exclude the application of any provision of this Agreement to such person or persons or circumstances as the context otherwise permits;

			
		(e)      	
Business Day – whenever payment is to be made or action to be taken under this Agreement is required to be made or taken on a day other than a Business Day, such payment shall be made or action taken on the next Business Day following such day;

			
		(f)      	
Inclusion – where the words “including” or “includes” appear in this Agreement, they mean “including (or includes) without limitation”;

			
		(g)      	
Reference to law – Any reference to a law is a reference to such law as in force from time to time, including (i) modifications thereto, (ii) any regulation, decree, order or ordinance enacted thereunder and (iii) any law that may be passed which has the effect of supplementing, re-enacting or superseding the law to which it is referred; and

			
		(h)      	
Reference to numbering – Any reference to a numbered or lettered section in this Agreement is a reference to the section bearing that number or letter in this Agreement and a reference to “this” section means the section in which such reference appears.

 

		
	1.3 	Severability 

If any provision of this Agreement is determined to be void or unenforceable, in whole or in part, it shall be deemed not to affect or impair the validity of any other provision of this Agreement.

		
	1.4 	Entire Agreement 

Upon the Parties’ execution of this Agreement, this Agreement shall constitute the entire agreement between the Parties pertaining to the subject matter of this Agreement and shall supersede all prior agreements, understandings, negotiations and discussions, whether oral or written, of the Parties, including, without limitation, the LOI. There are no warranties, representations or other agreements between the Parties in connection with the subject matter of this Agreement except as specifically set forth in this Agreement. No supplement, modification, waiver or termination of this Agreement shall be binding unless executed in writing by the Party to be bound thereby.

- 3 -

Properties Acquisition Agreement between

American Lithium Minerals, Inc. & Gold Summit Corporation

		
	1.5 	Applicable Law 

This Agreement shall be governed in all respects by the laws in force in the State of Nevada, inter alia having regards to its formation, existence, validity, effect, interpretation, execution, violation and termination.

ARTICLE 2 - PROSPECTIVE PROPERTIES INTEREST

		
	2.1 	Purchase and Sale 

Subject to Section 2.3, the Parties agree to complete the Transactions as follows:

		(a) 	
GOLD SUMMIT shall assign, transfer and sell to American Lithium, who accepts  to purchase, all of its rights, titles and interests in and to the Prospective Properties; upon completion of staking and registering the 100% owned mining claims;

			
		(b)      	
In consideration of the purchase, American Lithium agrees, at the Time of Closing, to:

			
		 	(i)      	
Pay GOLD SUMMIT $50,000 by non-refundable deposit by certified cheque;

				
		 	(ii)      	
Issue 500,000 Common Shares to GOLD SUMMIT;

				
		 	(iii)      	
In the event that the share price of AMERICAN LITHIUM closes at less than $1.00, six to twelve months after the closing date of this Agreement, AMERICAN LITHIUM shall issue on a one-time basis, an additional 200,000 shares of AMERICAN LITHIUM;

				
		 	(iv)      	
Grant a 2% NRR to GOLD SUMMIT whereby the NRR is subject to buyback at the Feasibility Stage for $2 million dollars.

				
		b)      	
AMERICAN LITHIUM will pay GOLD SUMMIT for the out-of-pocket expenses incurred for additional property research required prior to staking, staking the claims, and filing the claims for the Prospective Properties.

	2.2      	
Closing Date

Closing of the Transactions will be completed at the offices of GOLD SUMMIT CORPORATION., 360 Bay Street, Suite 500, Toronto, ON M5H 2V6 CANADA; on January 14, 2009 at 11:00 a.m. (Toronto time) (the “Time of Closing”) or at such other place or time as may be mutually agreed upon by the Parties (the “Closing Date”). At the Time of Closing:

		(a) 	
GOLD SUMMIT shall receive:

			
		 	(i)      	
a certified cheque or bank draft in the amount of $50,000;

				
		 	(ii)      	
a share certificate representing 500,000 Common Shares.

				
		(b)      	
American Lithium shall receive; upon completion of staking and registering the  100% owned mining claims;

			
		 	(i)      	
a duly executed mining transfer form evidencing the transfer of a 100% interest in the Prospective Properties from GOLD SUMMIT in favour of American Lithium, in the form prescribed by the Mining Act, together with any other document necessary or useful for such transfer, the whole to the Parties’ satisfaction. American Lithium shall be responsible to pay any statutory or administrative fee or duty in relation to such transfer of mining rights and to the registration thereof.

- 4 -

Properties Acquisition Agreement between

American Lithium Minerals, Inc. & Gold Summit Corporation

		
	2.3 	Conditions of Sale 

The Parties hereby acknowledge and agree that the completion of the Transactions is conditional upon American Lithium obtaining any necessary approvals of the Exchange and providing copies of any correspondence with the Exchange in respect thereto to GOLD SUMMIT. It is also conditional upon American Lithium being satisfied with its title due diligence of the Prospective Properties. Should American Lithium not advise GOLD SUMMIT of a material defect in title by December 31, 2009, American Lithium shall be deemed to have waived all rights to its title due diligence. Upon the completion, or deemed completion, of American Lithium’s title due diligence and the obtainment of any necessary approvals of the Exhange, this Agreement shall be executed.

		
	2.4 	Acknowledgements of the Parties 

The Parties hereby acknowledge and agree as follows:

		(a) 	
the Common Shares are subject to a statutory hold period of not more than 12 months and one day from the date of issue;

			
		(b)      	
the certificate representing the Common Shares will be endorsed with a legend setting out resale restrictions under applicable securities legislation;

			
		(c) 	
GOLD SUMMIT is solely responsible for compliance with applicable hold periods and resale restrictions; and

			
		(d)      	
effective at the Closing Time, all other agreements between the Parties relating to the Prospective Properties (other than as contemplated herein) shall be terminated.

		
	2.5 	Covenants 

Subject to the Closing Date occurring and upon completion of staking and registering the 100% owned mining claims; GOLD SUMMIT covenants and agrees to deliver to:

a) American Lithium all data relating to the Prospective Properties in its control or possession (whether in paper or digital form), except for any information which cannot be disclosed pursuant to any statutory or regulatory requirement or any confidentiality agreement previously entered into in good faith, as the case may be.

b) to make and do all such further acts and things to execute and deliver such instruments, agreements and documents prepared by or on behalf of American Lithium Minerals as it shall consider necessary to give effect to the transfer of the Prospective Properties.

- 5 -

Properties Acquisition Agreement between

American Lithium Minerals, Inc. & Gold Summit Corporation

ARTICLE 3 - REPRESENTATIONS AND WARRANTIES OF AMERICAN LITHIUM

American Lithium hereby represents, warrants and covenants (which representations, warranties or covenants shall survive the Closing Date for a period of two years) as follows:

		
	3.1 	Incorporation 

American Lithium is a valid and subsisting corporation duly incorporated and in good standing under the laws of the State of Nevada and has all requisite corporate power and authority to carry on its business as presently conducted and as presently proposed to be conducted, and to own, lease and operate all of its assets.

		
	3.2 	Capitalization 

The authorized capital of American Lithium consists of an unlimited number of Common Shares of which 50,490,740 Common Shares are issued and outstanding. When issued in accordance with the terms of this Agreement, the Common Shares issued hereunder will be duly issued and outstanding as fully paid and non-assessable shares of American Lithium.

		
	3.3 	No Conflict 

The entering into of this Agreement by American Lithium and the consummation of the Transactions contemplated hereby does not and will not conflict with and does not and will not result in a breach of any of the terms, conditions or provisions of the constating documents or by-laws of American Lithium or any statute, law or regulation applicable to American Lithium or any agreement or instrument to which American Lithium is a party.

		
	3.4 	Due Authorization 

This Agreement and the transactions contemplated hereby have been duly authorized by all necessary corporate action on the part of American Lithium and constitute valid obligations of American Lithium legally binding upon it and enforceable against it in accordance with its terms, subject however to the usual limitations with respect to enforcement imposed by law in connection with bankruptcy or similar proceedings and the availability of equitable remedies. American Lithium has all corporate power and authority necessary to complete the Transactions.

		
	3.5 	Reporting Issuer Status 

American Lithium and GOLD SUMMIT are reporting issuers within the meaning of the securities acts of each jurisdiction, is current and up-to-date in all material respects with all filings required to be made pursuant to applicable securities laws and is not included on the list of defaulting reporting issuers maintained by the respective securities commissions in such jurisdictions.

		
	3.6 	Public Listing 

The issued and outstanding Common Shares of American Lithium Minerals are listed for trading on the OTC-BB.

		
	3.7 	No Cease Trade Order 

No order ceasing or suspending trading in the Common Shares nor prohibiting the sale of such securities has been issued by any securities commission to American Lithium or its directors, officers or promoters which is currently in effect, and to the best of American Lithium’s knowledge, no such investigations or proceedings for such purposes are pending or threatened.

- 6 -

Properties Acquisition Agreement between

American Lithium Minerals, Inc. & Gold Summit Corporation

		
	3.8 	Compliance with Applicable Laws 

American Lithium is conducting its business, in all material respects, in compliance with all applicable laws (including applicable laws respecting environmental matters).

ARTICLE 4 - REPRESENTATIONS AND WARRANTIES OF GOLD SUMMIT

GOLD SUMMIT hereby represents, warrants and covenants (which representations, warranties or covenants shall survive the Closing Date for a period of two years) as follows.

		
	4.1 	Incorporation 

GOLD SUMMIT is a valid and subsisting corporation duly incorporated and in good standing under the laws of British Columbia and has all requisite corporate power and authority to carry on its business as presently conducted and as presently proposed to be conducted, and to own, lease and operate all of its assets.

		
	4.2 	No Conflict 

The entering into of this Agreement by GOLD SUMMIT and the consummation of the Transactions contemplated hereby does not and will not conflict with and does not and will not result in a breach of any of the terms, conditions or provisions of the constating documents or by-laws of GOLD SUMMIT or any statute, law or regulation applicable to GOLD SUMMIT or any agreement or instrument to which GOLD SUMMIT is a party.

		
	4.3 	Due Authorization 

This Agreement and the Transaction contemplated hereby have been duly authorized by all necessary corporate action on the part of GOLD SUMMIT and constitute valid obligations of GOLD SUMMIT legally binding upon it and enforceable against it in accordance with its terms, subject however to the usual limitations with respect to enforcement imposed by law in connection with bankruptcy or similar proceedings and the availability of equitable remedies. GOLD SUMMIT has all corporate power and authority necessary to complete the Transaction.

		
	4.4 	Residency 

GOLD SUMMIT is not a non-resident of Canada for the purposes of the Income Tax Act (Canada).

		
	4.5 	Prospective Properties Representations 

		(a) 	
Upon completion of staking and registering the 100% owned mining claims; GOLD SUMMIT is the sole beneficial owner of a 100% undivided interest in the Prospective Properties, free and clear of all royalties, liens, charges and encumbrances of any kind.

			
		(b)      	
GOLD SUMMIT does not have any information or knowledge pertaining to the Prospective Properties or substances thereon, therein or therefrom not disclosed in writing to American Lithium which, if known to American Lithium, might reasonably be expected to deter American Lithium from completing the Transactions contemplated hereby on the terms and conditions contained herein.

- 7 -

Properties Acquisition Agreement between

American Lithium Minerals, Inc. & Gold Summit Corporation

		(c)   	
GOLD SUMMIT does not have any information or knowledge of any actions, suits, investigations or proceedings before any court, arbitrator, administrative agency or other tribunal or governmental authority, whether current, pending or threatened, which directly relate to or affect the Prospective Properties nor is GOLD SUMMIT aware of any facts which would lead it to suspect that the same might be initiated or threatened.

ARTICLE 5 - INDEMNIFICATION

		
	5.1 	Indemnification 

		(a) 	
The representations and warranties given in Article 3 and Article 4 constitute conditions on which the Parties have relied in entering into this Agreement.

			
		(b)      	
Subject to Section 5.1(c), each Party shall indemnify and save the other Party harmless from any loss, damage or cost (including interests and reasonable legal fees and disbursements) that arises as a result of or in connection with any claim whatsoever including any demand, action, motion, application, cause of action, dispute, trial, suit, administrative proceeding, quotation or re-quotation, order, judgement, decree or arbitral award, resulting from a breach, inaccuracy or untruth in respect of any representation or warranty that the Party has given in this Agreement (a “Claim”).

			
		(c) 	
The obligation of a Party to defend the other Party pursuant to Section 5.1(b) is conditional upon the following:

			
		 	(i)      	
the Party that is subject to a Claim (the “Indemnified Party”) must promptly give notice thereof to the Party having the obligation to indemnify the Indemnified Party (the “Indemnifying Party”) and must thereafter cooperate fully in the defence of the Claim; and

		 	 	 
		 	(ii)      	
the Indemnifying Party shall have exclusive control of the defence and of any negotiation leading to the settlement of the Claim, provided that the written consent of the Indemnified Party shall be obtained before any settlement is made final and conclusive.

		
	5.2 	Term 

The mutual indemnification obligation of the Parties provided for in Section 5.1 shall remain in full force and effect and be binding upon the Parties for a period of two (2) years from the Closing Date. In the event of the absence of any Claim, as from the second anniversary of the Closing Date, each of the Parties hereby waives, releases and forever discharges the other Party from all claims and from all liability for damages, losses, costs, fees and expenses, existing as of the second anniversary of the Closing Date or arising thereafter, known and unknown, arising out of or in any way connected with the representations and warranties contained in Article 3 and Article 4.

- 8 -

Properties Acquisition Agreement between

American Lithium Minerals, Inc. & Gold Summit Corporation

ARTICLE 6 - GENERAL

		
	6.1 	Notices 

Any notice or other writing required or permitted to be given under this Agreement or for the purposes of this Agreement (in this Section referred to as a “Notice”) shall be in writing and shall be sufficiently given if delivered, or if sent by prepaid registered mail or if transmitted by facsimile or other form of recorded communication tested prior to transmission to such Party:

		(a) 	
in the case of a Notice to GOLD SUMMIT at:

GOLD SUMMIT CORPORATION

360 Bay Street, Suite 500

Toronto, ON M5H 2V6

Attention: Mr. Anthony Taylor

Facsimile: (775) 284 7202

With copy to:

GOLD SUMMIT CORPORATION

970 Caughlin Crossing, Suite 100

Reno, NV 89519, USA

Attention: Mr. Anthony Taylor

Facsimile: (775) 284 7202

		(b) 	
in the case of a Notice to American Lithium at:

American Lithium Minerals Consolidated Inc.

2850 W. Horizon Ridge Parkway, Suite 200

Henderson, NV 89052, USA

Attention: Mr. Hugh Aird

Facsimile: (702) 430-4501

With copy to:

American Lithium Minerals Consolidated Inc.

130 King Street West, Suite 3670

Toronto, Ontario

Attention: Mr. Hugh Aird

Facsimile: (416) 214-5815

or at such other address as the Party to whom such Notice is to be given shall have last notified the Party giving the same in the manner provided in this Section 6.1. Any Notice delivered to the Party to whom it is addressed as provided above shall be deemed to have been given and received on the day it is so delivered at such address, provided that if such day is not a Business Day then the Notice shall be deemed to have been given and received on the next Business Day. Any Notice sent by prepaid registered mail shall be deemed to have been given and received on the fifth Business Day following the date of its mailing. Any Notice transmitted by facsimile or other form of recorded communication shall be deemed given and received on the first Business Day after its transmission.

- 9 -

Properties Acquisition Agreement between

American Lithium Minerals, Inc. & Gold Summit Corporation

		
	6.2 	Further Assurances 

The Parties shall with reasonable diligence, do all such things and provide all such reasonable assurances as may be required to consummate the transactions contemplated by this Agreement, and each Party shall provide such further documents or instruments required by the other Party as may be reasonably necessary or desirable to effect the purpose of this Agreement and carry out its provisions.

		
	6.3 	Counterparts and Execution by Facsimile 

This Agreement may be executed by the Parties in separate counterparts each of which when so executed and delivered to the other Party shall be deemed to be and shall be read as a single agreement among the Parties. In addition, execution of this Agreement by either of the Parties may be evidenced by way of a faxed transmission of such Party's signature (which signature may be by separate counterpart) or a photocopy of such faxed transmission, and such faxed signature, or photocopy of such faxed signature, shall be deemed to constitute the original signature of such Party to this Agreement.

		
	6.4 	Expenses 

Each of the Parties shall be responsible for their own expenses in connection with the Transactions.

		
	6.5 	Amendment 

This Agreement may not be amended or modified except by a written document executed by each of the Parties.

		
	6.6 	Waiver 

		(a) 	
No failure on the part of any Party to exercise, no delay in exercising, and no course of dealing with respect to, any right, power or privilege under this Agreement shall operate as a waiver thereof.

			
		(b) 	
Except as otherwise expressly provided for herein, no waiver of any provision of this Agreement or consent to any departure by any Party from any provision of this Agreement shall in any event be effective unless it is confirmed in writing, and such waiver or consent shall be effective only in the specific instance, for the specific purpose and for the specific length of time for which it is given.

			
		(c) 	
The single or partial exercise of any right, power or privilege under this Agreement shall not preclude any other or further exercise thereof.

	6.7      	
Binding Effect

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

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Properties Acquisition Agreement between

American Lithium Minerals, Inc. & Gold Summit Corporation

IN WITNESS OF WHICH the Parties have duly executed this Agreement as of the date first written above.

							
	 	GOLD SUMMIT CORPORATION	 	AMERICAN LITHIUM MINERALS INC.	 
	 	 	 	 	 	 	 
	 	Per	/s/ Anthony Taylor	 	Per:	/s/ Hugh Aird	 
	 	 	Anthony Taylor	 	 	Hugh Aird	 
	 	 	 President & CEO	 	 	President & CEO	 

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 SCHEDULE A

 PROSPECTIVE PROPERTIES

 Carson Sink

Dixie Valley

Teels Marsh

Paymaster

Columbus Marsh

 Other Property of Merit in the event that any of the above stated properties are not available.

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