Document:

American Bonanza Gold Corp. - Exhibit 4.12 - Filed by newsfilecorp.com

 

 

 

PURCHASE AGREEMENT 

Between 

AMERICAN BONANZA GOLD CORP.

and 

BALMORAL RESOURCES LTD.

 

 

Made as of November 3, 2010

TABLE OF CONTENTS 

	  		 	Page 
	  		 	  
	1. 	INTERPRETATION 	1 
	  	1.1	Definitions 	1 
	  	1.2	Headings 	3 
	  	1.3	Extended Meanings 	3 
	  	1.4	Schedules 	4 
	  		 	  
	2. 	PURCHASE AND SALE 	4 
	  	2.1	Purchased Assets 	4 
	  	2.2	Purchase Price 	5 
	  	2.3	Adjustments 	5 
	  	2.4	Elections 	5 
	  	2.5	Assumption of Obligations and Liabilities 	5 
	  		 	  
	3. 	REPRESENTATIONS AND WARRANTIES 	5 
	  	3.1	Representations and Warranties of American Bonanza 	5 
	  	3.2	Representations and Warranties of Balmoral 	6 
	  	3.3	Survival of Representations and Warranties 	7 
	  		 	  
	4. 	AMERICAN BONANZA COVENANTS 	7 
	  	4.1	Preservation of Information 	7 
	  	4.2	Transfer of Purchased Interest 	7 
	  		 	  
	5. 	BALMORAL COVENANTS 	8 
	  	5.1	Environmental liabilities, reclamation and rehabilitation
      obligations 	8 
	  		 	  
	6. 	EXISTING AGREEMENT 	8 
	  	6.1	Letter of Offer 	8 
	  		 	  
	7. 	INDEMNIFICATION AND OTHER REMEDIES 	8 
	  	7.2	Adverse Intervening Entries 	8 
	  	7.3	Sales Taxes 	8 
	  	7.4	No Consequential Damages 	8 
	  		 	  
	8. 	CONFIDENTIALITY AND PUBLIC ANNOUNCEMENTS 	9 
	  	8.1	General 	9 
	  	8.2	Exceptions 	9 
	  	8.3	Use of Confidential Information 	9 
	  	8.4	Disclosure to Employees, Managers or Agents 	9 
	  	8.5	Public Announcements 	9 
	  	8.6	Duration of Confidentiality 	10 
	  		 	  
	9. 	GENERAL 	10 
	  	9.1	Benefit of the Agreement 	10 

-i- 

TABLE OF CONTENTS 
(continued) 

	 	  	  	Page 
	 	  	  	  
	 	9.2 	Assignment 	10 
	 	9.3 	Amendments 	10 
	 	9.4 	Waiver 	10 
	 	9.5 	Entire Agreement 	10 
	 	9.6 	Severability 	11 
	 	9.7 	Further Assurances 	11 
	 	9.8 	Expenses 	11 
	 	9.9 	Governing Law 	11 
	 	9.10 	Counterparts 	11 

-ii- 

PURCHASE AGREEMENT 

THIS AGREEMENT is made as of November 3, 2010 (the
“Execution Date”) 

	BETWEEN: 	
      AMERICAN BONANZA GOLD CORP., a corporation
      incorporated and existing under the laws of British Columbia and having
      its head office at 305 – 675 West Hastings Street, Vancouver, British
      Columbia V6B 1N2 

	  	
       

	  	
      (“American Bonanza”) 

	  	
       

	AND: 	
      BALMORAL RESOURCES LTD., a corporation
      incorporated and existing under the laws of British Columbia and having
      its head office at #1920 – 1188 West Georgia Street, Vancouver, British
      Columbia, V6E 4A2 

	  	
       

	  	
      (“Balmoral”) 

WHEREAS the parties hereto (“Parties” and
individually, a “Party”) executed a Letter of Offer agreement dated
August 25, 2010, as amended October 28, 2010 (the “LO”) with respect to
the purchase by Balmoral and the sale from American Bonanza of American
Bonanza’s right, title and interest in and to the Mining Claims (the
“Purchased Interest”) forming part of the Québec Property (as defined
herein) and the Ontario Property (as defined herein) and wish to give effect to
the purchase and sale on the terms and subject to the conditions set forth
herein: 

NOW, THEREFORE, for good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the Parties hereby
agree as follows: 

	1. 	
      INTERPRETATION

	 	 
	1.1 	
      Definitions

	 	 
		
      In this Agreement, unless something in the subject matter
      or context is inconsistent therewith:

	 	 
		
      “Agreement” means this agreement, its Schedules
      and all amendments made hereto by written agreement between the Parties,
      if any;

	 	 
		
      “Applicable Law” means any and all laws, statutes,
      regulations, ordinances, rules, guidelines, policies, notices, orders and
      directions or other requirements of any Government Agency applicable to
      the Parties or the Transaction or the Purchased Interest;

	 	 
		
      “Business Day” means a day, other than a Saturday,
      Sunday or statutory holiday, on which banks are open for business during
      normal business hours in Montreal, Québec; Toronto, Ontario and Vancouver,
      British Columbia;

	 	 
		
      “Claims” means all losses, damages, expenses,
      liabilities (whether accrued, actual, contingent, latent or otherwise),
      claims, rights or causes of action and demands of whatever nature or kind,
      including, without limitation, reasonable and documented legal fees, and
      other expenses incurred in defending against litigation, either threatened
      or pending and other professional fees and costs relating
  thereto;

	 	 
		
      “Cyprus Waiver” means the Letter dated September
      1, 2010 addressed to American Bonanza by Cyprus Canada Inc. waiving its
      rights of first refusal under Section 6.4 of the Exploration Agreement
      with Option to Purchase dated July 17, 1998 between Cyprus Canada Inc. and
      International Taurus Resources Inc., a copy of which is attached hereto as
      Schedule "O";

	 	 
		
      “Effective Date” means the date Balmoral receives
      final TSX-V Approval;

- 2 - 

“Existing Royalties and Rights”
includes the royalties and rights set forth in Schedule "P" hereof; 

“Government Agency” means any
present government or governmental, quasi governmental, administrative, fiscal,
or judicial body, department, commission, authority, tribunal, agency or
entity;

“Ontario Property” means the
five active mining claims, known as the Schreiber Claims, located in the
Township of Priske, Thunder Bay Mining Division, as described in Schedule "N"
hereto;

“Mining Claims” means all of the
mining claims, concessions or other interests constituting the Québec Property
and the Ontario Property as set forth herein; 

“Permitted Encumbrances”
  means:

	 	(i) 	
      the Existing Rights and Royalties;

	 	 	 
	 	(ii) 	
      the reservations, limitations, exceptions, provisos and
      conditions expressed in the Mining Claims and the statutory exceptions to
      title of the Mining Claims;

	 	 	 
	 	(iii) 	
      statutory rights of way for, or reservations or rights of
      others relating to sewers, water lines, gas lines, pipelines, electric
      lines, telegraph and telephone lines and other similar products or
      services pertaining to the Mining Claims, provided such rights are
      prescribed by applicable legislation;

	 	 	 
	 	(iv) 	
      zoning by-laws, ordinances or other restrictions as to
      the use of real property; and

	 	 	 
	 	(v) 	
      unregistered rights held by First Nations peoples,
      including hunting, fishing and trapping rights;

“Pooling Agreement” means the
pooling agreement to be entered into between Balmoral and American Bonanza in
the form attached as Schedule “S” hereto; 

“Purchased Interest” means all
(100%) of American Bonanza’s right, title and interest in and to the Mining
Claims; 

“Purchase Price” has the meaning
set out in Section 2.2; 

“Québec Property” means the
mining property comprised of: 

	 	(i) 	
      four (4) Mining Claims, known as the BAPST Claims,
      situated in the Township of Bapst, in the Province of Québec, as more
      fully described in Schedule "A";

	 	 	 
	 	(ii) 	
      four hundred and thirty four (434) Mining Claims, known
      as the Fénélon A Claims, situated in the Townships of Fénélon, Caumont,
      Gaudet and Jérémie, Province of Québec, as more fully described in
      Schedule "B";

	 	 	 
	 	(iii) 	
      a Mining Lease bearing number 864, situated in the
      Township of Fénélon, Province of Québec, together with all improvements
      therein erected and forming part of the Québec Property, as more fully
      described in Schedule "C";

	 	 	 
	 	(iv) 	
      Fifty six (56) Mining Claims, known as the Fénélon Ext.
      Claims, situated in the Townships of Fénélon and Gaudet, Province of
      Québec, as more fully described in Schedule
"D";

- 3 - 

	 	(v) 	
      Fourteen (14) Mining Claims, known as the Gaudet A
      Claims, situated in the Townships of Fénélon and Gaudet, Province of
      Québec, as more fully described in Schedule "E";

	 	 	 
	 	(vi) 	
      Six (6) Mining Claims, known as the Gaudet C Claims,
      situated in the Township of Gaudet, Province of Québec, as more fully
      described in Schedule "F";

	 	 	 
	 	(vii) 	
      Seventy six (76) Mining Claims, known as La Martinière
      Claims, situated in the Township of La Martinière, Province of Québec, as
      more fully described in Schedule "G";

	 	 	 
	 	(viii) 	
      Twenty four (24) Mining Claims, known as Martigny A
      Claims, situated in the Townships of Martigny and La Martinière, Province
      of Québec, as more fully described in Schedule "H";

	 	 	 
	 	(ix) 	
      Twenty one (21) Mining Claims, known as La Martinière C
      Claims, situated in the Townships of La Martinière and Lanouiller,
      Province of Québec, as more fully described in Schedule "I";

	 	 	 
	 	(x) 	
      Eighty (80) Mining Claims, known as La Martinière D
      Claims, situated in the Townships of La Martinière and Lanouiller,
      Province of Québec, as more fully described in Schedule "J";

	 	 	 
	 	(xi) 	
      Seventy five (75) Mining Claims, known as La Martinière D
      Ext. Claims, situated in the Townships of La Martinière and Lanouiller,
      Province of Québec, as more fully described in Schedule "K";

	 	 	 
	 	(xii) 	
      One hundred and thirteen (113) Mining Claims, known as
      Northway Claims, situated in the Township of Noyon, Province of Québec, as
      more fully described in Schedule "L"; and

	 	 	 
	 	(xiii) 	
      One hundred and fourteen (114) Mining Claims, known as
      Noyon Claims, situated in the Township of Noyon, Province of Québec, as
      more fully described in Schedule "M";

		
      “Transaction” means the transaction of purchase
      and sale of the Purchased Interest contemplated herein;

	 	 
		
      “TSX-V” means the TSX Venture Exchange;

	 	 
		
      “TSX Approvals” means all of the final approvals
      required by Balmoral of the TSX-V and/or American Bonanza of the Toronto
      Stock Exchange for the transactions contemplated in this Agreement,
      including, but not limited to, the issue of the Balmoral Shares to
      American Bonanza; and

	 	 
		
      “Website Materials” means all the website content
      relating to the Purchased Interest as disclosed on American Bonanza’s
      website at www.americanbonanza.com as at
      the Effective Date.

	 	 
	1.2 	
      Headings

	 	 
		
      The division of this Agreement into articles and sections
      and the insertion of headings are for convenience of reference only and
      shall not affect the construction or interpretation of this Agreement. The
      terms “this Agreement”, “hereof’, “hereunder” and similar expressions
      refer to this Agreement and not to any particular article, section or
      other portion hereof and include any agreement supplemental hereto. Unless
something in the subject matter or context is inconsistent therewith, references
herein to articles and sections are to articles and sections of this
Agreement.

- 4 -

	1.3 	
      Extended Meanings

	 	 
		
      In this Agreement, words importing the singular number
      only include the plural and vice versa, words importing gender include all
      genders and words importing persons include individuals. partnerships,
      associations, trusts, unincorporated organizations, corporations, states,
      governments and governmental entities. Any reference to books, records or
      other information means books, records or other information in any form
      including paper, electronically shared data, magnetic media, film or
      microfilm.

	 	 
	1.4 	
      Schedules

	 	 
		
      The following are the Schedules annexed hereto and
      incorporated herein by reference and deemed to be part
  hereof:

	 	Schedule A 	– 	
      BAPST Claims 

	 	 	 	 
	 	Schedule B 	– 	
      Fénélon A Claims 

	 	 	 	 
	 	Schedule C 	– 	
      Mining Lease bearing number 864 

	 	 	 	 
	 	Schedule D 	– 	
      Fénélon Ext. Claims 

	 	 	 	 
	 	Schedule E 	– 	
      Gaudet A Claims 

	 	 	 	 
	 	Schedule F 	– 	
      Gaudet C Claims 

	 	 	 	 
	 	Schedule G 	– 	
      La Martinière Claims 

	 	 	 	 
	 	Schedule H 	– 	
      Martigny A Claims 

	 	 	 	 
	 	Schedule I 	– 	
      La Martinière C Claims 

	 	 	 	 
	 	Schedule J 	– 	
      La Martinière D Claims 

	 	 	 	 
	 	Schedule K 	– 	
      La Martinière D Ext. Claims 

	 	 	 	 
	 	Schedule L 	– 	
      Northway Claims 

	 	 	 	 
	 	Schedule M 	– 	
      Noyon Claims 

	 	 	 	 
	 	Schedule N 	– 	
      Ontario Property 

	 	 	 	 
	 	Schedule O 	– 	
      Cyprus Waiver 

	 	 	 	 
	 	Schedule P 	– 	
      Existing Royalties and Rights 

	 	 	 	 
		Schedule Q 	– 	
      Mining Rights Transfer Application for registration
      purposes in the Public Register of Real and Immoveable Mining Rights of
      the Ministère des Ressources naturelles et de la Faune, Province of Québec
      

- 5 - 

		Schedule R 	– 	 Pooling Agreement

		 	 	 

	2. 	 PURCHASE AND SALE

	 	 	 
	2.1 	 Purchased Assets

	 	 	 
		 American Bonanza hereby sells to Balmoral
        and Balmoral hereby purchases from American Bonanza, effective as at the
        Effective Date:

	 	 	 
		(a) 	 the Purchased Interest; and

	 	 	 
		(b) 	 the Website Materials,

	 	 	 
		 upon and subject to the terms and conditions
        hereof.

	 	 	 
		 The parties covenant and agree to cooperate
        to obtain all TSX Approvals as soon as reasonably practicable following
        the Execution Date.

	 	 	 
	2.2 	 Purchase Price

	 	 	 
		 The Purchase Price payable by Balmoral to
        American Bonanza is Three Million Seven Hundred Thousand dollars ($3,700,000)
        and the issuance and delivery to American Bonanza of Four Million Five
        Hundred Thousand (4,500,000) Common Shares from the share capital of Balmoral,
        such Common Shares to be free-trading and approved for listing on the
        TSX-V, subject to no more than a four month hold period.

	 	 	 
	2.3 	 Adjustments

	 	 	 
		 The Parties hereby agree to make no adjustment
        whatsoever to the Purchase Price.

	 	 	 
	2.4 	 Elections

	 	 	 
		 Balmoral and American Bonanza will concurrently
        with the execution of this Agreement, jointly execute elections, in prescribed
        form and containing the prescribed information, to have subsection 167(1.1)
        of the Excise Tax Act (Canada) and Section 75.1 of An Act respecting
        the Québec sales tax (Québec) apply to the sale and purchase
        of the Assets hereunder. Balmoral will file such elections with the Minister
        of National Revenue and the Québec Ministry of Revenue within the
        times and in the forms prescribed by the Excise Tax Act (Canada)
        and An Act respecting the Québec sales tax (Québec),
        respectively, and provide American Bonanza within one (1) month of the
        filing of such elections with a photocopy of GST Form 44 as will have
        been filed by registered mail to the Québec Ministry of Revenue.

	 	 	 
	2.5 	 Assumption of Obligations and Liabilities

	 	 	 
		 Balmoral will assume, fulfill and perform
        all of the obligations and liabilities of American Bonanza in relation
        to ownership or control of the Purchased Interest as at the Effective
        Date under all contracts and commitments of American Bonanza related to
        the Purchased Interest including the Existing Royalties and Rights and
        American Bonanza’s obligations under the Exploration Agreement with
        Option to Purchase dated July 17, 1998 between Cyprus Canada Inc. and
        International Taurus Resources Inc., as amended.

- 6 -

	3. 	
      REPRESENTATIONS AND WARRANTIES

	 	 	 
	3.1 	
      Representations and Warranties of American
      Bonanza

	 	 	 
		
      American Bonanza hereby represents and warrants to
      Balmoral as follows:

	 	 	 
		(a) 	
      it is a body corporate duly organized, validly in
      existence and qualified to conduct business wherever necessary to perform
      this Agreement; it has the corporate power and authority to own its
      property and conduct its business as presently conducted by it;

	 	 	 
		(b) 	
      it has the capacity to enter into and to perform its
      obligations under this Agreement and the Transaction; all the corporate or
      other action required to be taken in order to permit American Bonanza to
      enter into and perform its obligations under this Agreement have been
      properly and validly taken; and all approvals, if any, required to be
      obtained for such purposes have been obtained and remain in
  effect;

	 	 	 
		(c) 	
      it shall not breach any other agreement or arrangement by
      entering into or performing this Agreement and is not in material breach
      of any such other agreement or arrangement pertaining to the Purchased
      Interest;

	 	 	 
		(d) 	
      this Agreement has been duly executed and delivered by it
      and is valid, binding and enforceable against it in accordance with its
      terms;

	 	 	 
		(e) 	
      it has a good and marketable title in and to the
      Purchased Interest, free of any lien, encumbrance, security interest or
      right of others whatsoever other than the Permitted Encumbrances, and it
      has exclusive possession and control thereof;

	 	 	 
		(f) 	
      the Mining Claims set forth in the schedules to this
      Agreement are all of the Mining Claims comprising the Québec Property and
      the Ontario Property in which American Bonanza has an interest;

	 	 	 
		(g) 	
      it has not performed any act to alienate or encumber the
      Purchased Interest, nor has it omitted to perform any act that would be
      required to be performed by it to keep the Purchased Interest in good
      standing;

	 	 	 
		(h) 	
      it has not granted any other person any agreement or
      other right to acquire the Purchased Interest or any portion thereof which
      is currently outstanding and except for the Existing Royalties and Rights,
      it has not granted any royalty of whatever nature, or any other right
      whatsoever in the minerals, or production in connection with the Purchased
      Interest;

	 	 	 
		(i) 	
      it has not entered into, nor it is aware of, any
      agreements affecting the Purchased Interest except for the Existing
      Royalties and Rights;

	 	 	 
		(j) 	
      to the best of its knowledge, there is no claim, suit,
      action, litigation, arbitration or governmental proceeding in progress,
      pending or threatened against or relating to, or which prevents or which
      seeks to prevent the completion of the Transaction;

	 	 	 
		(k) 	
      American Bonanza has: (i) to the best of its knowledge
      carried out all work on the Québec Property and the Ontario Property in
      compliance with all Applicable Laws, including environmental laws, and
      (ii) American Bonanza has not received any notice of any breach of any
      such law;

- 7 -

	 	(l) 	
      no case has been commenced or is threatening to be
      commenced against it under any applicable bankruptcy, insolvency or other
      similar law of any jurisdiction now or hereafter in effect; and

	 	 	 
	 	(m) 	
      American Bonanza is not a non resident person within the
      meaning of Section 116 of the

	 	 	 
	 		
      Income Tax Act
(Canada).

	3.2 	
      Representations and Warranties of
      Balmoral

	 	 	 
		
      Balmoral hereby represents and warrants to American
      Bonanza as follows:

	 	 	 
		(a) 	
      is a body corporate duly organized, validly in existence
      and qualified to conduct business wherever necessary to perform this
      Agreement; it has the corporate power and authority to own its property
      and conduct its business as presently conducted by it;

	 	 	 
		(b) 	
      it has the capacity to enter into and to perform its
      obligations under this Agreement and the Transaction; all corporate or
      other action required to be taken in order to permit Balmoral to enter
      into and perform its obligations under this Agreement have been properly
      and validly taken; and all approvals, if any, required to be obtained for
      such purposes have been obtained and remain in effect;

	 	 	 
		(c) 	
      it shall not breach any other agreement or arrangement by
      entering into or performing this Agreement;

	 	 	 
		(d) 	
      this Agreement has been duly executed and delivered by it
      and is valid, binding and enforceable against it in accordance with its
      term;

	 	 	 
		(e) 	
      to the best of its knowledge, there is no claim, suit,
      action, litigation, arbitration or governmental proceeding in progress,
      pending or threatened against or relating to Balmoral, or which prevents
      or which seeks to prevent the completion of the Transaction; and

	 	 	 
		(f) 	
      since current management of Balmoral assumed management
      of Balmoral in April 2010, the information and statements set forth on the
      System for Electronic Document Analysis and Retrieval (SEDAR) is in all
      material respects, accurate and complete.

	 	 	 
		
      Balmoral further acknowledges that the Website Materials
      will be transferred to Balmoral on on an as is where is basis and that
      American Bonanza makes no representation as to its truth or
    accuracy.

	 	 	 
	3.3 	
      Survival of Representations and
      Warranties

	 	 	 
		
      The representations and warranties set forth in this
      Article 3 shall be true and correct up to and including the Effective
      Date.

	 	 	 
	4. 	
      AMERICAN BONANZA COVENANTS

	 	 	 
	4.1 	
      Preservation of Information

	 	 	 
		
      American Bonanza will as soon as practicable deliver or
      arrange for delivery to Balmoral all records, including technical and
      operational reports, surveys, research and other documentation, relating
      to the Purchased Interest which are in the possession or control of
      American Bonanza.

- 8 -

	4.2 	 Transfer of Purchased Interest

	 	 	 
		 Upon payment of the Purchase Price by Balmoral
        to American Bonanza, American Bonanza shall:

	 	 	 
		(a) 	 execute such instruments and take such other actions
        as may be necessary or reasonably requested by Balmoral to vest title
        to the Purchased Interest in Balmoral. Provided that Balmoral has filed
        within five business days of delivery by American Bonanza to Balmoral,
        the transfer application provided for in Schedule "N" and, a Transfer
        of Unpatented Mining Claims and unpatented mining claims in respect of
        the Ontario Property, any right, title or interest of American Bonanza
        in and to the Purchased Interest (or any portion thereof) that shall not
        have passed to Balmoral shall be held by American Bonanza in trust and
        as mandatory for Balmoral and American Bonanza shall transfer and assign
        the same, and take any other action with respect thereto, as Balmoral
        may request, acting reasonably; provided that American Bonanza shall not
        be required to take any action under this Section 4.2 which would result
        in the breach of any Applicable Laws, and provided that American Bonanza
        shall have no obligation to maintain any mining claims in good standing
        or, except as otherwise provided herein, preserve in any manner the Purchased
        Interest. Without limiting the generality of the foregoing, the Parties
        have executed concurrently with this agreement: (i) a Mining Rights Transfer
        Application as to all the mining titles related to the Québec Property,
        copy of which is attached hereto as Schedule “Q” Balmoral being
        authorized to file at its costs said Mining Rights Transfer Application
        with the “Ministère des Ressources naturelles et de la Faune”
        (MRNF), (Québec); (ii) a Transfer of Unpatented Mining Claims as
        to all the unpatented mining claims related to the Ontario Property, Balmoral
        being authorized to file, at its costs, the Transfer of Unpatented Mining
        Claims with the Ministry of Northern Development and Mines (Ontario);
        and (iii) an acknowledgement and direction authorizing registration of
        an electronic Transfer Deed of Land as to all of the patented mining claims
        related to the Ontario Property, Balmoral being authorized to register,
        at its own cost, said transfer; and

	 	 	 
		(b) 	 assist Balmoral, as may be reasonably requested by Balmoral,
        to transfer the Website Material to Balmoral.

	 	 	 
	4.3 	 Pooling Agreement

	 	 	 
		 Upon payment of the Purchase Price by Balmoral
        to American Bonanza, American Bonanza will enter into the Pooling Agreement
        with Balmoral in the form attached as Schedule S.

	 	 	 
	5. 	 BALMORAL COVENANTS

	 	 	 
	5.1 	 Environmental liabilities, reclamation
        and rehabilitation obligations

	 	 	 
		 Balmoral does hereby covenant and agree that,
        from and after the Effective Date, Balmoral shall assume and be solely
        responsible for all reclamation, restoration and rehabilitation obligations
        in respect of the Purchased Interest and in respect of the operation and
        ultimate closure of any mine on the Purchased Interest, in particular,
        without limiting the generality of the foregoing, all of American Bonanza’s
        reclamation, restoration and rehabilitation obligations in respect of
        the Mining Lease forming part of the Québec Property, arising from
        the Mining Act (Québec) and the Environmental Quality Act
        (Québec).

- 9 -

	6. 	
      INDEMNIFICATION AND OTHER
REMEDIES

	 	 	 	 
	6.1 	
      Indemnities

	 	 	 	 
		
      The Parties hereby agree to provide for the following
      indemnities:

	 	 	 	 
		(a) 	
      American Bonanza hereby agrees to indemnify and save
      Balmoral harmless from and against any Claims arising out of or based upon
      any breach by American Bonanza of any material representation, warranty,
      covenant or agreement made by American Bonanza in this Agreement;
    and

	 	 	 	 
		(b) 	
      Balmoral hereby agrees to indemnify and save American
      Bonanza harmless against any Claims arising out of or based
upon:

	 	 	 	 
			(i) 	
      any breach by Balmoral of any material representation,
      warranty, covenant or agreement made by Balmoral in this Agreement;
    and

	 	 	 	 
			(ii) 	
      provided that the Website Materials are removed from
      American Bonanza’s website, Balmoral’s use of the Website
  Materials.

	 	 	 	 
	6.2 	
      Adverse Intervening Entries

	 	 	 	 
		
      American Bonanza shall indemnify and hold Balmoral
      harmless from and against any and all Claims in respect of, as a result
      of, or arising out of, registrations or filings at the applicable land
      register, with the Ministère des Ressources naturelles, or with the
      Ministry of Northern Development and Mines (Ontario) adverse in interest
      to Balmoral's title in and to the Purchased Interest or any material part
      thereof and intervening between the Effective Date and the date of
      delivery by American Bonanza to Balmoral of signed instruments of transfer
      as required by Ministère des Ressources naturelles and the Ministry
      of Northern Development and Mines (Ontario) to effect the transfer of the
      Purchased Interest from American Bonanza to Balmoral.

	 	 	 	 
	6.3 	
      Sales Taxes

	 	 	 	 
		
      Balmoral shall indemnify and hold American Bonanza
      harmless from and against any and all Claims (including interest and
      penalties) in respect of, as a result of or arising out of any breach by
      Balmoral of its obligations under Section 2.5 hereof or as a result of any
      invalidity or alleged invalidity of the Balmoral elections referred to
      therein.

	 	 	 	 
	6.4 	
      No Consequential Damages

	 	 	 	 
		
      Neither Party shall have any liability or responsibility
      for or in respect of any indirect or consequential damages incurred by the
      other Party, as a result of any Claim against such first Party, as
      applicable, for the breach of any covenant, representation, warranty or
      agreement of such first Party contained in this Agreement.

	 	 	 	 
	7. 	
      CONFIDENTIALITY AND PUBLIC
    ANNOUNCEMENTS

	 	 	 	 
	7.1 	
      General

	 	 	 	 
		
      Until the Effective Date, the terms of this Agreement and
      all information obtained in connection with the performance of this
      Agreement, including information relating to the Purchased Interest,
      (collectively, the “Confidential Information”), shall, as between the
      Parties, be the exclusive property of the Party providing such information
      and, except as provided in Section 7.2, shall not be disclosed directly or
      indirectly, by any Party (the “Disclosing Party”) to any third party or
      the public until the Effective Date without
the prior written consent of the other Party, which consent shall not be
unreasonably withheld. 

- 10 -

	7.2 	 Exceptions

	 	 	 
		 The consent required by Section 7.1 shall
        not apply to a disclosure:

	 	 	 
		(a) 	 to an Affiliate, consultant, contractor or subcontractor,
        financial institution, director, officer or employee that has a bona fide
        need to be informed;

	 	 	 
		(b) 	 to a governmental authority or to the public which the
        Disclosing Party believes in good faith is required by Applicable Law
        or the rules, by laws or policies of any stock exchange.

	 	 	 
		 In any case to which this Section 7.2 is
        applicable, the Disclosing Party shall give notice to the other Party
        concurrently with the making of such disclosure. As to any disclosure
        pursuant to subsection 7.2(a), only such Confidential Information as such
        third party shall have a legitimate business need to know shall be disclosed
        and such third party shall first agree in writing to protect the Confidential
        Information from further disclosure to the same extent as the Parties
        are obligated under the provisions of this Article 7.

	 	 	 
	7.3 	 Use of Confidential Information

	 	 	 
		 Each Party hereby agrees not to use Confidential
        Information to the detriment of any other Party.

	 	 	 
	7.4 	 Disclosure to Employees, Managers or
        Agents

	 	 	 
		 Each Party shall restrict the disclosure of
        any and all Confidential Information only to those of its employees, managers
        or agents as may reasonably need to know and shall advise all such persons
        of the strict obligations of confidentiality hereunder. Each Party shall
        further take all such measures as may be necessary to protect the confidential
        nature of the Confidential Information and shall require its employees,
        manager or agents to refrain from using the Confidential Information for
        their own use.

	 	 	 
	7.5 	 Public Announcements

	 	 	 
		 The Parties shall use all reasonable efforts
        to ensure that public announcements or reports (including press releases)
        by any Party (the “Reporting Party”) of any information
        relating to this Agreement or the Purchased Interest (whether given to
        stock exchanges or otherwise) shall be made on the basis of agreed texts
        approved in good faith in advance of issuance by the other Party. The
        Reporting Party accordingly agrees with the other Party that it shall,
        in advance of reporting to a stock exchange or to other authorities having
        jurisdiction, or in other similar circumstances, endeavour to advise the
        other Party of the text of the proposed report and provide the other party
        with the opportunity to make comments upon and changes to the form and
        content thereof before the same is issued. Such comments or changes, as
        the case may be, shall be communicated to the Reporting Party within a
        reasonable time having due regard to the urgency of the announcement but,
        in any event, not later than twenty four (24) hours after its communication
        to the other Party.

	 	 	 
	7.6 	 Duration of Confidentiality

	 	 	 
		 The provisions of Section 7.5 shall terminate
        upon the earlier of completion of the purchase and sale of the Purchased
        Interest and the Termination of this Agreement, and the balance of this
        Article 7 shall terminate two years following the date first above written.

- 11 -

	8. 	
      GENERAL

	 	 
	8.1 	
      Benefit of the Agreement

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

	 	 
	8.2 	
      Assignment

	 	 
		
      Neither this Agreement nor any of the rights or
      obligations hereunder may be assigned by any Party without the prior
      written consent of the other Party.

	 	 
	8.3 	
      Amendments

	 	 
		
      No modification of or amendment to this Agreement will be
      valid or binding unless set forth in writing and duly executed by all of
      the Parties and no waiver of any breach of any term or provision of this
      Agreement will be effective or binding unless made in writing and signed
      by the Party purporting to give the same and, unless otherwise provided,
      will be limited to the specific breach waived.

	 	 
	8.4 	
      Waiver

	 	 
		
      No failure on the part of any Party to exercise and 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,
      nor shall any single or partial exercise of any right, power or privilege
      under this Agreement preclude any other or further exercise thereof or the
      exercise of any other right, power or privilege. The remedies provided
      herein are cumulative and not exclusive of any remedies provided by
      law.

	 	 
	8.5 	
      Entire Agreement

	 	 
		
      This Agreement constitutes the entire agreement between
      the Parties with respect to the subject matter hereof and cancels and
      supersedes any prior understandings and agreements between the Parties
      with respect thereto, including the LO. There are no representations,
      warranties, terms, conditions, undertakings or collateral agreements,
      express, implied or statutory between the parties in respect of the
      subject matter hereof other than as expressly set forth in this Agreement
      including, without limitation, the LO. In the event of any conflict
      between this Agreement and the Schedules attached hereto, the terms and
      conditions of this Agreement shall prevail and govern.

	 	 
	8.6 	
      Severability

	 	 
		
      If any term, part or provision of this Agreement is
      declared unenforceable, illegal or in conflict with any laws to which this
      Agreement and the Transaction are subject, such term, part or provision
      shall be considered severed from this Agreement, the remaining portions
      thereof shall not be affected and this Agreement shall be construed and
      enforced as if it did not contain that term, part or provision.

	 	 
	8.7 	
      Further Assurances

	 	 
		
      Each Party will from time to time execute and deliver all
      such further documents and instruments and do all such acts and things as
      the other Party may reasonably require to effectively carry out or better
      evidence or perfect the full intent and meaning of this Agreement and more
      particularly, without limiting the generality of the foregoing, the
      Parties have executed concurrently with this Agreement, a Mining Rights
      Transfer Application for registration purposes in the Register of
    the

 

 

SCHEDULE "A" 

BAPST CLAIMS 

	PROPERTY 
	TYPE 
	CLAIM 
	RECORD 
NAME 
	  	  	  	  
	BAPST 	CL 	5263029 	AMERICAN BONANZA 
	BAPST 	CL 	5263030 	AMERICAN BONANZA 
	BAPST 	CL 	5263032 	AMERICAN BONANZA 
	BAPST 	CL 	5263033 	AMERICAN BONANZA 
	  	  	  	  
	TOTAL: 	  	4 	  

SCHEDULE "B" 

FÉNÉLON A CLAIMS 

	PROPERTY 
	TYPE 
	CLAIM 
	RECORD 
NAME 
	  	  	  	  
	FENELON A 	CL 	4443191 	AMERICAN BONANZA 
	FENELON A 	CL 	4443192 	AMERICAN BONANZA 
	FENELON A 	CL 	4443194 	AMERICAN BONANZA 
	FENELON A 	CL 	444319A 	AMERICAN BONANZA 
	FENELON A 	CL 	444319B 	AMERICAN BONANZA 
	FENELON A 	CL 	4443202 	AMERICAN BONANZA 
	FENELON A 	CL 	4443204 	AMERICAN BONANZA 
	FENELON A 	CL 	4443205 	AMERICAN BONANZA 
	FENELON A 	CL 	444321A 	AMERICAN BONANZA 
	FENELON A 	CL 	444321B 	AMERICAN BONANZA 
	FENELON A 	CL 	5009061 	AMERICAN BONANZA 
	FENELON A 	CL 	5009062 	AMERICAN BONANZA 
	FENELON A 	CL 	5009063 	AMERICAN BONANZA 
	FENELON A 	CL 	5009240 	AMERICAN BONANZA 
	FENELON A 	CL 	5009250 	AMERICAN BONANZA 
	FENELON A 	CL 	5009749 	AMERICAN BONANZA 
	FENELON A 	CL 	5009769 	AMERICAN BONANZA 
	FENELON A 	CL 	5009770 	AMERICAN BONANZA 
	FENELON A 	CL 	5009806 	AMERICAN BONANZA 
	FENELON A 	CL 	5009807 	AMERICAN BONANZA 
	FENELON A 	CL 	5009808 	AMERICAN BONANZA 
	FENELON A 	CL 	5009809 	AMERICAN BONANZA 
	FENELON A 	CL 	5009810 	AMERICAN BONANZA 
	FENELON A 	CL 	5009856 	AMERICAN BONANZA 
	FENELON A 	CL 	5009857 	AMERICAN BONANZA 
	FENELON A 	CL 	5009858 	AMERICAN BONANZA 
	FENELON A 	CL 	5009859 	AMERICAN BONANZA 
	FENELON A 	CL 	5009860 	AMERICAN BONANZA 
	FENELON A 	CL 	5009861 	AMERICAN BONANZA 
	FENELON A 	CL 	5009862 	AMERICAN BONANZA 
	FENELON A 	CL 	5009863 	AMERICAN BONANZA 
	FENELON A 	CL 	5009864 	AMERICAN BONANZA 
	FENELON A 	CL 	5009865 	AMERICAN BONANZA 
	FENELON A 	CL 	5009866 	AMERICAN BONANZA 
	FENELON A 	CL 	5069533 	AMERICAN BONANZA 
	FENELON A 	CL 	5071473 	AMERICAN BONANZA 
	FENELON A 	CL 	5071474 	AMERICAN BONANZA 
	FENELON A 	CL 	5071475 	AMERICAN BONANZA 
	FENELON A 	CL 	5071478 	AMERICAN BONANZA 
	FENELON A 	CL 	5071479 	AMERICAN BONANZA 
	FENELON A 	CL 	5071480 	AMERICAN BONANZA 
	FENELON A 	CL 	5071486 	AMERICAN BONANZA 
	FENELON A 	CL 	5121471 	AMERICAN BONANZA 
	FENELON A 	CL 	5121472 	AMERICAN BONANZA 
	FENELON A 	CL 	5121473 	AMERICAN BONANZA 
	FENELON A 	CL 	5121474 	AMERICAN BONANZA 
	FENELON A 	CL 	5121475 	AMERICAN BONANZA 
	FENELON A 	CL 	5121476 	AMERICAN BONANZA 

- 2 - 

	PROPERTY 
	TYPE 
	CLAIM 
	RECORD 
NAME 
	  	  	  	  
	FENELON A 	CL 	5121477 	AMERICAN BONANZA 
	FENELON A 	CL 	5121478 	AMERICAN BONANZA 
	FENELON A 	CL 	5121479 	AMERICAN BONANZA 
	FENELON A 	CL 	5121480 	AMERICAN BONANZA 
	FENELON A 	CL 	5121481 	AMERICAN BONANZA 
	FENELON A 	CL 	5121482 	AMERICAN BONANZA 
	FENELON A 	CL 	5121483 	AMERICAN BONANZA 
	FENELON A 	CL 	5121484 	AMERICAN BONANZA 
	FENELON A 	CL 	5121485 	AMERICAN BONANZA 
	FENELON A 	CL 	5121486 	AMERICAN BONANZA 
	FENELON A 	CL 	5121487 	AMERICAN BONANZA 
	FENELON A 	CL 	5121488 	AMERICAN BONANZA 
	FENELON A 	CL 	5121489 	AMERICAN BONANZA 
	FENELON A 	CL 	5121490 	AMERICAN BONANZA 
	FENELON A 	CL 	5121491 	AMERICAN BONANZA 
	FENELON A 	CL 	5121492 	AMERICAN BONANZA 
	FENELON A 	CL 	5121493 	AMERICAN BONANZA 
	FENELON A 	CL 	5121494 	AMERICAN BONANZA 
	FENELON A 	CL 	5121495 	AMERICAN BONANZA 
	FENELON A 	CL 	5121496 	AMERICAN BONANZA 
	FENELON A 	CL 	5121497 	AMERICAN BONANZA 
	FENELON A 	CL 	5121498 	AMERICAN BONANZA 
	FENELON A 	CL 	5121499 	AMERICAN BONANZA 
	FENELON A 	CL 	5121500 	AMERICAN BONANZA 
	FENELON A 	CL 	5121501 	AMERICAN BONANZA 
	FENELON A 	CL 	5121502 	AMERICAN BONANZA 
	FENELON A 	CL 	5121503 	AMERICAN BONANZA 
	FENELON A 	CL 	5121504 	AMERICAN BONANZA 
	FENELON A 	CL 	5121505 	AMERICAN BONANZA 
	FENELON A 	CL 	5121506 	AMERICAN BONANZA 
	FENELON A 	CL 	5121507 	AMERICAN BONANZA 
	FENELON A 	CL 	5121508 	AMERICAN BONANZA 
	FENELON A 	CL 	5121509 	AMERICAN BONANZA 
	FENELON A 	CL 	5121510 	AMERICAN BONANZA 
	FENELON A 	CL 	5121511 	AMERICAN BONANZA 
	FENELON A 	CL 	5121512 	AMERICAN BONANZA 
	FENELON A 	CL 	5121513 	AMERICAN BONANZA 
	FENELON A 	CL 	5121516 	AMERICAN BONANZA 
	FENELON A 	CL 	5121517 	AMERICAN BONANZA 
	FENELON A 	CL 	5121518 	AMERICAN BONANZA 
	FENELON A 	CL 	5121519 	AMERICAN BONANZA 
	FENELON A 	CL 	5121520 	AMERICAN BONANZA 
	FENELON A 	CL 	5121528 	AMERICAN BONANZA 
	FENELON A 	CL 	5121529 	AMERICAN BONANZA 
	FENELON A 	CL 	5121530 	AMERICAN BONANZA 
	FENELON A 	CL 	5121531 	AMERICAN BONANZA 
	FENELON A 	CL 	5121532 	AMERICAN BONANZA 
	FENELON A 	CL 	5121533 	AMERICAN BONANZA 
	FENELON A 	CL 	5121534 	AMERICAN BONANZA 
	FENELON A 	CL 	5121535 	AMERICAN BONANZA 
	FENELON A 	CL 	5121536 	AMERICAN BONANZA 
	FENELON A 	CL 	5121537 	AMERICAN BONANZA 
	FENELON A 	CL 	5121538 	AMERICAN BONANZA
  

- 3 - 

	PROPERTY 
	TYPE 
	CLAIM 
	RECORD 
NAME 
	  	  	  	  
	FENELON A 	CL 	5121539 	AMERICAN BONANZA 
	FENELON A 	CL 	5121540 	AMERICAN BONANZA 
	FENELON A 	CL 	5121541 	AMERICAN BONANZA 
	FENELON A 	CL 	5121542 	AMERICAN BONANZA 
	FENELON A 	CL 	5121543 	AMERICAN BONANZA 
	FENELON A 	CL 	5121544 	AMERICAN BONANZA 
	FENELON A 	CL 	5121545 	AMERICAN BONANZA 
	FENELON A 	CL 	5121546 	AMERICAN BONANZA 
	FENELON A 	CL 	5121547 	AMERICAN BONANZA 
	FENELON A 	CL 	5121548 	AMERICAN BONANZA 
	FENELON A 	CL 	5121549 	AMERICAN BONANZA 
	FENELON A 	CL 	5121550 	AMERICAN BONANZA 
	FENELON A 	CL 	5121551 	AMERICAN BONANZA 
	FENELON A 	CL 	5121552 	AMERICAN BONANZA 
	FENELON A 	CL 	5121553 	AMERICAN BONANZA 
	FENELON A 	CL 	5121554 	AMERICAN BONANZA 
	FENELON A 	CL 	5121555 	AMERICAN BONANZA 
	FENELON A 	CL 	5121556 	AMERICAN BONANZA 
	FENELON A 	CL 	5121557 	AMERICAN BONANZA 
	FENELON A 	CL 	5121558 	AMERICAN BONANZA 
	FENELON A 	CL 	5121559 	AMERICAN BONANZA 
	FENELON A 	CL 	5121560 	AMERICAN BONANZA 
	FENELON A 	CL 	5121561 	AMERICAN BONANZA 
	FENELON A 	CL 	5121562 	AMERICAN BONANZA 
	FENELON A 	CL 	5121563 	AMERICAN BONANZA 
	FENELON A 	CL 	5121564 	AMERICAN BONANZA 
	FENELON A 	CL 	5121565 	AMERICAN BONANZA 
	FENELON A 	CL 	5121566 	AMERICAN BONANZA 
	FENELON A 	CL 	5121567 	AMERICAN BONANZA 
	FENELON A 	CL 	5121568 	AMERICAN BONANZA 
	FENELON A 	CL 	5121569 	AMERICAN BONANZA 
	FENELON A 	CL 	5121570 	AMERICAN BONANZA 
	FENELON A 	CL 	5121571 	AMERICAN BONANZA 
	FENELON A 	CL 	5121572 	AMERICAN BONANZA 
	FENELON A 	CL 	5121573 	AMERICAN BONANZA 
	FENELON A 	CL 	5121574 	AMERICAN BONANZA 
	FENELON A 	CL 	5121575 	AMERICAN BONANZA 
	FENELON A 	CL 	5121576 	AMERICAN BONANZA 
	FENELON A 	CL 	5121577 	AMERICAN BONANZA 
	FENELON A 	CL 	5121578 	AMERICAN BONANZA 
	FENELON A 	CL 	5121579 	AMERICAN BONANZA 
	FENELON A 	CL 	5121580 	AMERICAN BONANZA 
	FENELON A 	CL 	5121581 	AMERICAN BONANZA 
	FENELON A 	CL 	5121582 	AMERICAN BONANZA 
	FENELON A 	CL 	5121583 	AMERICAN BONANZA 
	FENELON A 	CL 	5121584 	AMERICAN BONANZA 
	FENELON A 	CL 	5121585 	AMERICAN BONANZA 
	FENELON A 	CL 	5121586 	AMERICAN BONANZA 
	FENELON A 	CL 	5121587 	AMERICAN BONANZA 
	FENELON A 	CL 	5121588 	AMERICAN BONANZA 
	FENELON A 	CL 	5121589 	AMERICAN BONANZA 
	FENELON A 	CL 	5121590 	AMERICAN BONANZA 
	FENELON A 	CL 	5121591 	AMERICAN BONANZA
  

- 4 - 

	PROPERTY 
	TYPE 
	CLAIM 
	RECORD 
NAME 
	  	  	  	  
	FENELON A 	CL 	5121592 	AMERICAN BONANZA 
	FENELON A 	CL 	5121593 	AMERICAN BONANZA 
	FENELON A 	CL 	5121594 	AMERICAN BONANZA 
	FENELON A 	CL 	5121595 	AMERICAN BONANZA 
	FENELON A 	CL 	5121596 	AMERICAN BONANZA 
	FENELON A 	CL 	5121597 	AMERICAN BONANZA 
	FENELON A 	CL 	5121598 	AMERICAN BONANZA 
	FENELON A 	CL 	5121599 	AMERICAN BONANZA 
	FENELON A 	CL 	5121600 	AMERICAN BONANZA 
	FENELON A 	CL 	5128801 	AMERICAN BONANZA 
	FENELON A 	CL 	5128802 	AMERICAN BONANZA 
	FENELON A 	CL 	5128803 	AMERICAN BONANZA 
	FENELON A 	CL 	5128804 	AMERICAN BONANZA 
	FENELON A 	CL 	5128805 	AMERICAN BONANZA 
	FENELON A 	CL 	5128806 	AMERICAN BONANZA 
	FENELON A 	CL 	5128807 	AMERICAN BONANZA 
	FENELON A 	CL 	5128810 	AMERICAN BONANZA 
	FENELON A 	CL 	5128811 	AMERICAN BONANZA 
	FENELON A 	CL 	5128812 	AMERICAN BONANZA 
	FENELON A 	CL 	5128813 	AMERICAN BONANZA 
	FENELON A 	CL 	5128814 	AMERICAN BONANZA 
	FENELON A 	CL 	5128815 	AMERICAN BONANZA 
	FENELON A 	CL 	5128816 	AMERICAN BONANZA 
	FENELON A 	CL 	5128817 	AMERICAN BONANZA 
	FENELON A 	CL 	5128818 	AMERICAN BONANZA 
	FENELON A 	CL 	5128819 	AMERICAN BONANZA 
	FENELON A 	CL 	5128820 	AMERICAN BONANZA 
	FENELON A 	CL 	5128821 	AMERICAN BONANZA 
	FENELON A 	CL 	5128822 	AMERICAN BONANZA 
	FENELON A 	CL 	5128823 	AMERICAN BONANZA 
	FENELON A 	CL 	5128828 	AMERICAN BONANZA 
	FENELON A 	CL 	5128829 	AMERICAN BONANZA 
	FENELON A 	CL 	5128830 	AMERICAN BONANZA 
	FENELON A 	CL 	5128831 	AMERICAN BONANZA 
	FENELON A 	CL 	5128832 	AMERICAN BONANZA 
	FENELON A 	CL 	5128833 	AMERICAN BONANZA 
	FENELON A 	CL 	5128834 	AMERICAN BONANZA 
	FENELON A 	CL 	5128835 	AMERICAN BONANZA 
	FENELON A 	CL 	5128836 	AMERICAN BONANZA 
	FENELON A 	CL 	5128837 	AMERICAN BONANZA 
	FENELON A 	CL 	5128838 	AMERICAN BONANZA 
	FENELON A 	CL 	5128839 	AMERICAN BONANZA 
	FENELON A 	CL 	5128840 	AMERICAN BONANZA 
	FENELON A 	CL 	5128841 	AMERICAN BONANZA 
	FENELON A 	CL 	5128842 	AMERICAN BONANZA 
	FENELON A 	CL 	5128843 	AMERICAN BONANZA 
	FENELON A 	CL 	5128844 	AMERICAN BONANZA 
	FENELON A 	CL 	5128845 	AMERICAN BONANZA 
	FENELON A 	CL 	5128846 	AMERICAN BONANZA 
	FENELON A 	CL 	5128847 	AMERICAN BONANZA 
	FENELON A 	CL 	5128848 	AMERICAN BONANZA 
	FENELON A 	CL 	5128849 	AMERICAN BONANZA 
	FENELON A 	CL 	5128850 	AMERICAN BONANZA
  

- 5 - 

	PROPERTY 
	TYPE 
	CLAIM 
	RECORD 
NAME 
	  	  	  	  
	FENELON A 	CL 	5128851 	AMERICAN BONANZA 
	FENELON A 	CL 	5128852 	AMERICAN BONANZA 
	FENELON A 	CL 	5128853 	AMERICAN BONANZA 
	FENELON A 	CL 	5128854 	AMERICAN BONANZA 
	FENELON A 	CL 	5128855 	AMERICAN BONANZA 
	FENELON A 	CL 	5128856 	AMERICAN BONANZA 
	FENELON A 	CL 	5128857 	AMERICAN BONANZA 
	FENELON A 	CL 	5128858 	AMERICAN BONANZA 
	FENELON A 	CL 	5128859 	AMERICAN BONANZA 
	FENELON A 	CL 	5128860 	AMERICAN BONANZA 
	FENELON A 	CL 	5128861 	AMERICAN BONANZA 
	FENELON A 	CL 	5128862 	AMERICAN BONANZA 
	FENELON A 	CL 	5128863 	AMERICAN BONANZA 
	FENELON A 	CL 	5128864 	AMERICAN BONANZA 
	FENELON A 	CL 	5128865 	AMERICAN BONANZA 
	FENELON A 	CL 	5128866 	AMERICAN BONANZA 
	FENELON A 	CL 	5128867 	AMERICAN BONANZA 
	FENELON A 	CL 	5128868 	AMERICAN BONANZA 
	FENELON A 	CL 	5128869 	AMERICAN BONANZA 
	FENELON A 	CL 	5128870 	AMERICAN BONANZA 
	FENELON A 	CL 	5128875 	AMERICAN BONANZA 
	FENELON A 	CL 	5128876 	AMERICAN BONANZA 
	FENELON A 	CL 	5128877 	AMERICAN BONANZA 
	FENELON A 	CL 	5128878 	AMERICAN BONANZA 
	FENELON A 	CL 	5128879 	AMERICAN BONANZA 
	FENELON A 	CL 	5128880 	AMERICAN BONANZA 
	FENELON A 	CL 	5128881 	AMERICAN BONANZA 
	FENELON A 	CL 	5128882 	AMERICAN BONANZA 
	FENELON A 	CL 	5128883 	AMERICAN BONANZA 
	FENELON A 	CL 	5128884 	AMERICAN BONANZA 
	FENELON A 	CL 	5128885 	AMERICAN BONANZA 
	FENELON A 	CL 	5128886 	AMERICAN BONANZA 
	FENELON A 	CL 	5128887 	AMERICAN BONANZA 
	FENELON A 	CL 	5128888 	AMERICAN BONANZA 
	FENELON A 	CL 	5128896 	AMERICAN BONANZA 
	FENELON A 	CL 	5128897 	AMERICAN BONANZA 
	FENELON A 	CL 	5128898 	AMERICAN BONANZA 
	FENELON A 	CL 	5128899 	AMERICAN BONANZA 
	FENELON A 	CL 	5128900 	AMERICAN BONANZA 
	FENELON A 	CL 	5128901 	AMERICAN BONANZA 
	FENELON A 	CL 	5128902 	AMERICAN BONANZA 
	FENELON A 	CL 	5128903 	AMERICAN BONANZA 
	FENELON A 	CL 	5128904 	AMERICAN BONANZA 
	FENELON A 	CL 	5128905 	AMERICAN BONANZA 
	FENELON A 	CL 	5128906 	AMERICAN BONANZA 
	FENELON A 	CL 	5128918 	AMERICAN BONANZA 
	FENELON A 	CL 	5128919 	AMERICAN BONANZA 
	FENELON A 	CL 	5128920 	AMERICAN BONANZA 
	FENELON A 	CL 	5129191 	AMERICAN BONANZA 
	FENELON A 	CL 	5129192 	AMERICAN BONANZA 
	FENELON A 	CL 	5129193 	AMERICAN BONANZA 
	FENELON A 	CL 	5129194 	AMERICAN BONANZA 
	FENELON A 	CL 	5129195 	AMERICAN BONANZA
  

- 6 - 

	PROPERTY 
	TYPE 
	CLAIM 
	RECORD 
NAME 
	  	  	  	  
	FENELON A 	CL 	5129196 	AMERICAN BONANZA 
	FENELON A 	CL 	5129197 	AMERICAN BONANZA 
	FENELON A 	CL 	5129198 	AMERICAN BONANZA 
	FENELON A 	CL 	5129199 	AMERICAN BONANZA 
	FENELON A 	CL 	5134048 	AMERICAN BONANZA 
	FENELON A 	CL 	5134049 	AMERICAN BONANZA 
	FENELON A 	CL 	5134050 	AMERICAN BONANZA 
	FENELON A 	CL 	5134051 	AMERICAN BONANZA 
	FENELON A 	CL 	5134052 	AMERICAN BONANZA 
	FENELON A 	CL 	5134053 	AMERICAN BONANZA 
	FENELON A 	CL 	5134054 	AMERICAN BONANZA 
	FENELON A 	CL 	5134055 	AMERICAN BONANZA 
	FENELON A 	CL 	5134056 	AMERICAN BONANZA 
	FENELON A 	CL 	5134057 	AMERICAN BONANZA 
	FENELON A 	CL 	5134058 	AMERICAN BONANZA 
	FENELON A 	CL 	5134059 	AMERICAN BONANZA 
	FENELON A 	CL 	5134060 	AMERICAN BONANZA 
	FENELON A 	CL 	5134061 	AMERICAN BONANZA 
	FENELON A 	CL 	5134062 	AMERICAN BONANZA 
	FENELON A 	CL 	5134063 	AMERICAN BONANZA 
	FENELON A 	CL 	5134064 	AMERICAN BONANZA 
	FENELON A 	CL 	5134065 	AMERICAN BONANZA 
	FENELON A 	CL 	5134066 	AMERICAN BONANZA 
	FENELON A 	CL 	5134067 	AMERICAN BONANZA 
	FENELON A 	CL 	5134068 	AMERICAN BONANZA 
	FENELON A 	CL 	5134069 	AMERICAN BONANZA 
	FENELON A 	CL 	5134070 	AMERICAN BONANZA 
	FENELON A 	CL 	5134071 	AMERICAN BONANZA 
	FENELON A 	CL 	5134072 	AMERICAN BONANZA 
	FENELON A 	CL 	5134073 	AMERICAN BONANZA 
	FENELON A 	CL 	5134074 	AMERICAN BONANZA 
	FENELON A 	CL 	5134075 	AMERICAN BONANZA 
	FENELON A 	CL 	5134076 	AMERICAN BONANZA 
	FENELON A 	CL 	5134077 	AMERICAN BONANZA 
	FENELON A 	CL 	5134078 	AMERICAN BONANZA 
	FENELON A 	CL 	5134079 	AMERICAN BONANZA 
	FENELON A 	CL 	5134080 	AMERICAN BONANZA 
	FENELON A 	CL 	5134081 	AMERICAN BONANZA 
	FENELON A 	CL 	5134082 	AMERICAN BONANZA 
	FENELON A 	CL 	5134083 	AMERICAN BONANZA 
	FENELON A 	CL 	5134084 	AMERICAN BONANZA 
	FENELON A 	CL 	5134085 	AMERICAN BONANZA 
	FENELON A 	CL 	5134086 	AMERICAN BONANZA 
	FENELON A 	CL 	5134087 	AMERICAN BONANZA 
	FENELON A 	CL 	5134088 	AMERICAN BONANZA 
	FENELON A 	CL 	5134089 	AMERICAN BONANZA 
	FENELON A 	CL 	5134090 	AMERICAN BONANZA 
	FENELON A 	CL 	5134091 	AMERICAN BONANZA 
	FENELON A 	CL 	5134092 	AMERICAN BONANZA 
	FENELON A 	CL 	5134093 	AMERICAN BONANZA 
	FENELON A 	CL 	5134094 	AMERICAN BONANZA 
	FENELON A 	CL 	5134095 	AMERICAN BONANZA 
	FENELON A 	CL 	5134096 	AMERICAN BONANZA
  

- 7 - 

	PROPERTY 
	TYPE 
	CLAIM 
	RECORD 
NAME 
	  	  	  	  
	FENELON A 	CL 	5134097 	AMERICAN BONANZA 
	FENELON A 	CL 	5134098 	AMERICAN BONANZA 
	FENELON A 	CL 	5134099 	AMERICAN BONANZA 
	FENELON A 	CL 	5134100 	AMERICAN BONANZA 
	FENELON A 	CL 	5134101 	AMERICAN BONANZA 
	FENELON A 	CL 	5134102 	AMERICAN BONANZA 
	FENELON A 	CL 	5134105 	AMERICAN BONANZA 
	FENELON A 	CL 	5134106 	AMERICAN BONANZA 
	FENELON A 	CL 	5134107 	AMERICAN BONANZA 
	FENELON A 	CL 	5134108 	AMERICAN BONANZA 
	FENELON A 	CL 	5134109 	AMERICAN BONANZA 
	FENELON A 	CL 	5134110 	AMERICAN BONANZA 
	FENELON A 	CL 	5134115 	AMERICAN BONANZA 
	FENELON A 	CL 	5134116 	AMERICAN BONANZA 
	FENELON A 	CL 	5134117 	AMERICAN BONANZA 
	FENELON A 	CL 	5134118 	AMERICAN BONANZA 
	FENELON A 	CL 	5134119 	AMERICAN BONANZA 
	FENELON A 	CL 	5134120 	AMERICAN BONANZA 
	FENELON A 	CL 	5134121 	AMERICAN BONANZA 
	FENELON A 	CL 	5134122 	AMERICAN BONANZA 
	FENELON A 	CL 	5134123 	AMERICAN BONANZA 
	FENELON A 	CL 	5134127 	AMERICAN BONANZA 
	FENELON A 	CL 	5134128 	AMERICAN BONANZA 
	FENELON A 	CL 	5134129 	AMERICAN BONANZA 
	FENELON A 	CL 	5134130 	AMERICAN BONANZA 
	FENELON A 	CL 	5134131 	AMERICAN BONANZA 
	FENELON A 	CL 	5134132 	AMERICAN BONANZA 
	FENELON A 	CL 	5134133 	AMERICAN BONANZA 
	FENELON A 	CL 	5134134 	AMERICAN BONANZA 
	FENELON A 	CL 	5134135 	AMERICAN BONANZA 
	FENELON A 	CL 	5134136 	AMERICAN BONANZA 
	FENELON A 	CL 	5134137 	AMERICAN BONANZA 
	FENELON A 	CL 	5134141 	AMERICAN BONANZA 
	FENELON A 	CL 	5134142 	AMERICAN BONANZA 
	FENELON A 	CL 	5134143 	AMERICAN BONANZA 
	FENELON A 	CL 	5134144 	AMERICAN BONANZA 
	FENELON A 	CL 	5134145 	AMERICAN BONANZA 
	FENELON A 	CL 	5134146 	AMERICAN BONANZA 
	FENELON A 	CL 	5134147 	AMERICAN BONANZA 
	FENELON A 	CL 	5134148 	AMERICAN BONANZA 
	FENELON A 	CL 	5134149 	AMERICAN BONANZA 
	FENELON A 	CL 	5134150 	AMERICAN BONANZA 
	FENELON A 	CL 	5134151 	AMERICAN BONANZA 
	FENELON A 	CL 	5134156 	AMERICAN BONANZA 
	FENELON A 	CL 	5134157 	AMERICAN BONANZA 
	FENELON A 	CL 	5134158 	AMERICAN BONANZA 
	FENELON A 	CL 	5134159 	AMERICAN BONANZA 
	FENELON A 	CL 	5134160 	AMERICAN BONANZA 
	FENELON A 	CL 	5134161 	AMERICAN BONANZA 
	FENELON A 	CL 	5134162 	AMERICAN BONANZA 
	FENELON A 	CL 	5134163 	AMERICAN BONANZA 
	FENELON A 	CL 	5134164 	AMERICAN BONANZA 
	FENELON A 	CL 	5134165 	AMERICAN BONANZA
  

- 8 - 

	PROPERTY 
	TYPE 
	CLAIM 
	RECORD 
NAME 
	  	  	  	  
	FENELON A 	CL 	5134172 	AMERICAN BONANZA 
	FENELON A 	CL 	5134173 	AMERICAN BONANZA 
	FENELON A 	CL 	5134174 	AMERICAN BONANZA 
	FENELON A 	CL 	5134175 	AMERICAN BONANZA 
	FENELON A 	CL 	5134176 	AMERICAN BONANZA 
	FENELON A 	CL 	5134177 	AMERICAN BONANZA 
	FENELON A 	CL 	5134178 	AMERICAN BONANZA 
	FENELON A 	CL 	5134179 	AMERICAN BONANZA 
	FENELON A 	CL 	5134180 	AMERICAN BONANZA 
	FENELON A 	CL 	5134181 	AMERICAN BONANZA 
	FENELON A 	CL 	5134195 	AMERICAN BONANZA 
	FENELON A 	CL 	5134196 	AMERICAN BONANZA 
	FENELON A 	CL 	5134197 	AMERICAN BONANZA 
	FENELON A 	CL 	5134198 	AMERICAN BONANZA 
	FENELON A 	CL 	5134199 	AMERICAN BONANZA 
	FENELON A 	CL 	5134200 	AMERICAN BONANZA 
	FENELON A 	CL 	5134201 	AMERICAN BONANZA 
	FENELON A 	CL 	5134202 	AMERICAN BONANZA 
	FENELON A 	CL 	5134216 	AMERICAN BONANZA 
	FENELON A 	CL 	5134217 	AMERICAN BONANZA 
	FENELON A 	CL 	5134218 	AMERICAN BONANZA 
	FENELON A 	CL 	5134219 	AMERICAN BONANZA 
	FENELON A 	CL 	5134220 	AMERICAN BONANZA 
	FENELON A 	CL 	5134221 	AMERICAN BONANZA 
	FENELON A 	CL 	5134235 	AMERICAN BONANZA 
	FENELON A 	CL 	5134236 	AMERICAN BONANZA 
	FENELON A 	CL 	5134237 	AMERICAN BONANZA 
	FENELON A 	CL 	5134238 	AMERICAN BONANZA 
	FENELON A 	CL 	5134239 	AMERICAN BONANZA 
	FENELON A 	CL 	5134240 	AMERICAN BONANZA 
	FENELON A 	CL 	5134241 	AMERICAN BONANZA 
	FENELON A 	CL 	5134255 	AMERICAN BONANZA 
	FENELON A 	CL 	5134256 	AMERICAN BONANZA 
	FENELON A 	CL 	5134257 	AMERICAN BONANZA 
	FENELON A 	CL 	5134258 	AMERICAN BONANZA 
	FENELON A 	CL 	5134259 	AMERICAN BONANZA 
	FENELON A 	CL 	5134260 	AMERICAN BONANZA 
	FENELON A 	CL 	5134261 	AMERICAN BONANZA 
	FENELON A 	CL 	5134262 	AMERICAN BONANZA 
	FENELON A 	CL 	5134282 	AMERICAN BONANZA 
	FENELON A 	CL 	5134283 	AMERICAN BONANZA 
	FENELON A 	CL 	5134284 	AMERICAN BONANZA 
	FENELON A 	CL 	5134285 	AMERICAN BONANZA 
	FENELON A 	CL 	5134286 	AMERICAN BONANZA 
	FENELON A 	CL 	5134287 	AMERICAN BONANZA 
	FENELON A 	CL 	5134305 	AMERICAN BONANZA 
	FENELON A 	CL 	5134306 	AMERICAN BONANZA 
	FENELON A 	CL 	5134307 	AMERICAN BONANZA 
	FENELON A 	CL 	5134308 	AMERICAN BONANZA 
	FENELON A 	CL 	5134309 	AMERICAN BONANZA 
	FENELON A 	CL 	5134310 	AMERICAN BONANZA 
	FENELON A 	CL 	5134311 	AMERICAN BONANZA 
	FENELON A 	CL 	5134330 	AMERICAN BONANZA
  

- 9 - 

	PROPERTY 
	TYPE 
	CLAIM 
	RECORD 
NAME 
	  	  	  	  
	FENELON A 	CL 	5134331 	AMERICAN BONANZA 
	FENELON A 	CL 	5134332 	AMERICAN BONANZA 
	FENELON A 	CL 	5134333 	AMERICAN BONANZA 
	FENELON A 	CL 	5134334 	AMERICAN BONANZA 
	FENELON A 	CL 	5134335 	AMERICAN BONANZA 
	FENELON A 	CL 	5134336 	AMERICAN BONANZA 
	FENELON A 	CL 	5139163 	AMERICAN BONANZA 
	FENELON A 	CL 	5160397 	AMERICAN BONANZA 
	FENELON A 	CL 	5160398 	AMERICAN BONANZA 
	FENELON A 	CL 	5160399 	AMERICAN BONANZA 
	FENELON A 	CL 	5169346 	AMERICAN BONANZA 
	FENELON A 	CL 	5169347 	AMERICAN BONANZA 
	FENELON A 	CL 	5234364 	AMERICAN BONANZA 
	FENELON A 	CL 	5234365 	AMERICAN BONANZA 
	FENELON A 	CL 	5234368 	AMERICAN BONANZA 
	  	  	  	  
	TOTAL: 	  	434 	  

SCHEDULE "C" 

MINING LEASE BEARING NUMBER 864 

	PROPERTY 
	TYPE 
	CLAIM 
	RECORD 
NAME 
	FENELON LEASE 	BM 	864 	AMERICAN BONANZA 
	TOTAL: 	  	1 	  

SCHEDULE "D" 

FÉNÉLON EXT. CLAIMS 

	PROPERTY 
	TYPE 
	CLAIM 
	RECORD 
NAME 
	  	  	  	  
	FENELON EXT 	CDC 	2182336 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182337 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182338 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182339 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182340 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182341 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182342 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182343 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182344 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182345 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182346 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182347 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182348 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182349 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182350 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182351 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182352 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182353 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182354 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182355 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182356 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182357 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182358 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182359 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182360 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182361 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182362 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182363 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182364 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182365 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182366 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182367 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182368 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182369 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182370 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182371 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182372 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182373 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182374 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182375 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182376 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182377 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182378 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182379 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182380 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182381 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182382 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182383 	AMERICAN BONANZA 

- 2 - 

	PROPERTY 
	TYPE 
	CLAIM 
	RECORD 
NAME 
	  	  	  	  
	FENELON EXT 	CDC 	2182384 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182385 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182386 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182387 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182388 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182389 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182390 	AMERICAN BONANZA 
	FENELON EXT 	CDC 	2182391 	AMERICAN BONANZA 
	  	  	  	  
	TOTAL: 	  	56 	  

SCHEDULE "E" 

GAUDET A CLAIMS 

	PROPERTY 
	TYPE 
	CLAIM 
	RECORD 
NAME 
	  	  	  	  
	GAUDET A 	CL 	4443231 	AMERICAN BONANZA 
	GAUDET A 	CL 	4443232 	AMERICAN BONANZA 
	GAUDET A 	CL 	4443233 	AMERICAN BONANZA 
	GAUDET A 	CL 	4443241 	AMERICAN BONANZA 
	GAUDET A 	CL 	4443242 	AMERICAN BONANZA 
	GAUDET A 	CL 	5071511 	AMERICAN BONANZA 
	GAUDET A 	CL 	5071512 	AMERICAN BONANZA 
	GAUDET A 	CL 	5071513 	AMERICAN BONANZA 
	GAUDET A 	CL 	5071514 	AMERICAN BONANZA 
	GAUDET A 	CL 	5071515 	AMERICAN BONANZA 
	GAUDET A 	CL 	5071516 	AMERICAN BONANZA 
	GAUDET A 	CL 	5071517 	AMERICAN BONANZA 
	GAUDET A 	CL 	5071518 	AMERICAN BONANZA 
	GAUDET A 	CL 	5071519 	AMERICAN BONANZA 
	  	  	  	  
	TOTAL: 	  	14 	  

SCHEDULE "F" 

GAUDET C CLAIMS 

	PROPERTY 
	TYPE 
	CLAIM 
	RECORD 
NAME 
	  	  	  	  
	GAUDET C 	CL 	5071552 	AMERICAN BONANZA 
	GAUDET C 	CL 	5071556 	AMERICAN BONANZA 
	GAUDET C 	CL 	5071557 	AMERICAN BONANZA 
	GAUDET C 	CL 	5071562 	AMERICAN BONANZA 
	GAUDET C 	CL 	5071563 	AMERICAN BONANZA 
	GAUDET C 	CL 	5071564 	AMERICAN BONANZA 
	  	  	  	  
	TOTAL: 	  	6 	  

SCHEDULE "G" 

LA MARTINIÈRE CLAIMS 

	PROPERTY 
	TYPE 
	CLAIM 
	RECORD 
NAME 
	  	  	  	  
	LA MARTINIERE 	CDC 	2089671 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089674 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089675 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089676 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089677 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089678 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089679 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089680 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089681 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089682 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089683 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089684 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089685 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089686 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089687 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089688 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089689 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089690 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089691 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089692 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089693 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089694 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089695 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089696 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089697 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089698 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089699 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089700 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089883 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089884 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089885 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089887 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089892 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089893 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089894 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089895 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089897 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089898 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089899 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089900 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089901 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089902 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089903 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089904 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089905 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089906 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089907 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089908 	AMERICAN BONANZA 

- 2 - 

	PROPERTY 
	TYPE 
	CLAIM 
	RECORD 
NAME 
	  	  	  	  
	LA MARTINIERE 	CDC 	2089909 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089910 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089911 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089912 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089913 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089914 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089915 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089916 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089917 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089918 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089919 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089920 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089921 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089922 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089923 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089924 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089925 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089926 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089927 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089928 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089929 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089930 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089931 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089932 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089933 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089934 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089957 	AMERICAN BONANZA 
	LA MARTINIERE 	CDC 	2089958 	AMERICAN BONANZA 
	  	  	  	  
	TOTAL: 	  	76 	  

SCHEDULE "H" 

MARTIGNY A CLAIMS 

	PROPERTY 
	TYPE 
	CLAIM 
	RECORD 
NAME 
	  	  	  	  
	MARTIGNY A 	CL 	5141927 	AMERICAN BONANZA 
	MARTIGNY A 	CL 	5141928 	AMERICAN BONANZA 
	MARTIGNY A 	CL 	5141936 	AMERICAN BONANZA 
	MARTIGNY A 	CL 	5141937 	AMERICAN BONANZA 
	MARTIGNY A 	CL 	5141938 	AMERICAN BONANZA 
	MARTIGNY A 	CL 	5141945 	AMERICAN BONANZA 
	MARTIGNY A 	CL 	5141946 	AMERICAN BONANZA 
	MARTIGNY A 	CL 	5141947 	AMERICAN BONANZA 
	MARTIGNY A 	CL 	5141948 	AMERICAN BONANZA 
	MARTIGNY A 	CL 	5141955 	AMERICAN BONANZA 
	MARTIGNY A 	CL 	5141956 	AMERICAN BONANZA 
	MARTIGNY A 	CL 	5141957 	AMERICAN BONANZA 
	MARTIGNY A 	CL 	5141958 	AMERICAN BONANZA 
	MARTIGNY A 	CL 	5141960 	AMERICAN BONANZA 
	MARTIGNY A 	CL 	5141965 	AMERICAN BONANZA 
	MARTIGNY A 	CL 	5141966 	AMERICAN BONANZA 
	MARTIGNY A 	CL 	5141967 	AMERICAN BONANZA 
	MARTIGNY A 	CL 	5141968 	AMERICAN BONANZA 
	MARTIGNY A 	CL 	5141975 	AMERICAN BONANZA 
	MARTIGNY A 	CL 	5141976 	AMERICAN BONANZA 
	MARTIGNY A 	CL 	5141981 	AMERICAN BONANZA 
	MARTIGNY A 	CL 	5141985 	AMERICAN BONANZA 
	MARTIGNY A 	CL 	5141991 	AMERICAN BONANZA 
	MARTIGNY A 	CL 	5141996 	AMERICAN BONANZA 
	  	  	  	  
	TOTAL: 	  	24 	  

SCHEDULE "I" 

LA MARTINIÈRE C CLAIMS 

	PROPERTY 
	TYPE 
	CLAIM 
	RECORD 
NAME 
	  	  	  	  
	MARTINIERE C 	CL 	5129611 	AMERICAN BONANZA 
	MARTINIERE C 	CL 	5129612 	AMERICAN BONANZA 
	MARTINIERE C 	CL 	5129613 	AMERICAN BONANZA 
	MARTINIERE C 	CL 	5129614 	AMERICAN BONANZA 
	MARTINIERE C 	CL 	5129615 	AMERICAN BONANZA 
	MARTINIERE C 	CL 	5129616 	AMERICAN BONANZA 
	MARTINIERE C 	CL 	5129617 	AMERICAN BONANZA 
	MARTINIERE C 	CL 	5129618 	AMERICAN BONANZA 
	MARTINIERE C 	CL 	5129619 	AMERICAN BONANZA 
	MARTINIERE C 	CL 	5129620 	AMERICAN BONANZA 
	MARTINIERE C 	CL 	5129621 	AMERICAN BONANZA 
	MARTINIERE C 	CL 	5129622 	AMERICAN BONANZA 
	MARTINIERE C 	CL 	5129623 	AMERICAN BONANZA 
	MARTINIERE C 	CL 	5129624 	AMERICAN BONANZA 
	MARTINIERE C 	CL 	5129625 	AMERICAN BONANZA 
	MARTINIERE C 	CL 	5129626 	AMERICAN BONANZA 
	MARTINIERE C 	CL 	5129627 	AMERICAN BONANZA 
	MARTINIERE C 	CL 	5129628 	AMERICAN BONANZA 
	MARTINIERE C 	CL 	5129629 	AMERICAN BONANZA 
	MARTINIERE C 	CL 	5129630 	AMERICAN BONANZA 
	MARTINIERE C 	CL 	5129631 	AMERICAN BONANZA 
	  	  	  	  
	TOTAL: 	  	21 	  

SCHEDULE "J" 

LA MARTINIÈRE D CLAIMS 

	PROPERTY 
	TYPE 
	CLAIM 
	RECORD 
NAME 
	  	  	  	  
	MARTINIERE D 	CL 	5129287 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5129288 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5129289 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5129290 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5129291 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5129292 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5129293 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5129294 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5129296 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5129297 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5129298 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5129299 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5129300 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5129301 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5129302 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5129303 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5129304 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5129305 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5129306 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5129307 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5129311 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5129312 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5129313 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5129314 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5129315 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5129316 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5129317 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5129318 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5129319 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5129320 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5129321 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5129322 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5129323 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5129324 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5129325 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5129326 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5129327 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5129328 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5129329 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5220858 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5220859 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5220860 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5220861 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5220862 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5220863 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5220864 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5220865 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5220866 	AMERICAN BONANZA 

- 2 - 

	PROPERTY 
	TYPE 
	CLAIM 
	RECORD 
NAME 
	  	  	  	  
	MARTINIERE D 	CL 	5220867 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5220868 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5220869 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5220870 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5220871 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5220872 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5220873 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5220874 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5220875 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5220876 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5220877 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5220878 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5220879 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5220880 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5220881 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5220882 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5220883 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5220884 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5220885 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5220886 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5220887 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5220888 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5220889 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5220890 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5220891 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5220892 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5220893 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5220894 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5220895 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5220896 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5220897 	AMERICAN BONANZA 
	MARTINIERE D 	CL 	5220898 	AMERICAN BONANZA 
	  	  	  	  
	TOTAL: 	  	80 	  

SCHEDULE "K" 

LA MARTINIÈRE D EXT. CLAIMS 

	PROPERTY 
	TYPE 
	CLAIM 
	RECORD 
NAME 
	  	  	  	  
	MARTINIERE D EXT 	CL 	5225775 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225776 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225777 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225778 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225779 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225780 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225781 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225788 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225789 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225790 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225791 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225792 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225793 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225794 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225795 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225805 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225806 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225807 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225808 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225809 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225810 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225811 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225812 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225825 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225826 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225827 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225828 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225839 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225840 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225841 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225842 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225843 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225844 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225845 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225846 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225851 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225852 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225853 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225854 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225855 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225856 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225857 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225858 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225863 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225864 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225865 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225866 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225895 	AMERICAN BONANZA 

- 2 - 

	PROPERTY 
	TYPE 
	CLAIM 
	RECORD 
NAME 
	  	  	  	  
	MARTINIERE D EXT 	CL 	5225896 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225897 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225898 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225899 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225900 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225901 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225902 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225903 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225904 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225905 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225906 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225907 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225908 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225909 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225910 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225911 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225912 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225913 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225914 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225915 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225916 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225921 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225922 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225923 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225924 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225925 	AMERICAN BONANZA 
	MARTINIERE D EXT 	CL 	5225926 	AMERICAN BONANZA 
	  	  	  	  
	TOTAL: 	  	75 	  

SCHEDULE "L" 

NORTHWAY CLAIMS 

	PROPERTY 
	TYPE 
	CLAIM 
	RECORD 
NAME 
	  	  	  	  
	NORTHWAY 	CL 	4370861 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4370862 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4370863 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4370864 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4370865 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4370871 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4370872 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4370873 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4370874 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4370875 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4370881 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4370882 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4370883 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4370884 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4370885 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4370891 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4370892 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4370893 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4370894 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4370895 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4370914 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4370915 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4370921 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4370922 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4370923 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4370924 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4370925 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4370931 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4370932 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4370933 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4370934 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4370935 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4370941 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4370942 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4370943 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4370944 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4370945 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4370951 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4370952 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4370953 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4370954 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4370955 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4370961 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4370962 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4370963 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4370964 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4370965 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4370971 	AMERICAN BONANZA 

- 2 - 

	PROPERTY 
	TYPE 
	CLAIM 
	RECORD 
NAME 
	  	  	  	  
	NORTHWAY 	CL 	4370972 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4370973 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4370974 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4370975 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371541 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371542 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371543 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371544 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371545 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371551 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371552 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371553 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371554 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371555 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371561 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371562 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371563 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371564 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371565 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371571 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371572 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371573 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371574 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371575 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371581 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371582 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371583 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371584 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371585 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371591 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371592 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371593 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371594 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371595 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371601 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371602 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371603 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371604 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371605 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371611 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371612 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371621 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371622 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371623 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371624 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371625 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371632 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371633 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371634 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371635 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371641 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371642 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371643 	AMERICAN BONANZA
  

- 3 - 

	PROPERTY 
	TYPE 
	CLAIM 
	RECORD 
NAME 
	  	  	  	  
	NORTHWAY 	CL 	4371644 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371645 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371651 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371652 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371653 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371654 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4371655 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4442741 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4442742 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4442743 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4442744 	AMERICAN BONANZA 
	NORTHWAY 	CL 	4442745 	AMERICAN BONANZA 
	  	  	  	  
	TOTAL: 	  	113 	  

SCHEDULE "M" 

NOYON CLAIMS 

	PROPERTY 
	TYPE 
	CLAIM 
	RECORD 
NAME 
	  	  	  	  
	NOYON 	CL 	5009246 	AMERICAN BONANZA 
	NOYON 	CL 	5009247 	AMERICAN BONANZA 
	NOYON 	CL 	5009248 	AMERICAN BONANZA 
	NOYON 	CL 	5009249 	AMERICAN BONANZA 
	NOYON 	CL 	5009811 	AMERICAN BONANZA 
	NOYON 	CL 	5009812 	AMERICAN BONANZA 
	NOYON 	CL 	5009813 	AMERICAN BONANZA 
	NOYON 	CL 	5009814 	AMERICAN BONANZA 
	NOYON 	CL 	5009815 	AMERICAN BONANZA 
	NOYON 	CL 	5009816 	AMERICAN BONANZA 
	NOYON 	CL 	5009820 	AMERICAN BONANZA 
	NOYON 	CL 	5009821 	AMERICAN BONANZA 
	NOYON 	CL 	5009822 	AMERICAN BONANZA 
	NOYON 	CL 	5009823 	AMERICAN BONANZA 
	NOYON 	CL 	5009824 	AMERICAN BONANZA 
	NOYON 	CL 	5009825 	AMERICAN BONANZA 
	NOYON 	CL 	5111078 	AMERICAN BONANZA 
	NOYON 	CL 	5111112 	AMERICAN BONANZA 
	NOYON 	CL 	5111157 	AMERICAN BONANZA 
	NOYON 	CL 	5111158 	AMERICAN BONANZA 
	NOYON 	CL 	5111159 	AMERICAN BONANZA 
	NOYON 	CL 	5111160 	AMERICAN BONANZA 
	NOYON 	CL 	5111161 	AMERICAN BONANZA 
	NOYON 	CL 	5111162 	AMERICAN BONANZA 
	NOYON 	CL 	5111163 	AMERICAN BONANZA 
	NOYON 	CL 	5111164 	AMERICAN BONANZA 
	NOYON 	CL 	5111165 	AMERICAN BONANZA 
	NOYON 	CL 	5111166 	AMERICAN BONANZA 
	NOYON 	CL 	5111167 	AMERICAN BONANZA 
	NOYON 	CL 	5111168 	AMERICAN BONANZA 
	NOYON 	CL 	5111169 	AMERICAN BONANZA 
	NOYON 	CL 	5111170 	AMERICAN BONANZA 
	NOYON 	CL 	5111171 	AMERICAN BONANZA 
	NOYON 	CL 	5111172 	AMERICAN BONANZA 
	NOYON 	CL 	5111173 	AMERICAN BONANZA 
	NOYON 	CL 	5111174 	AMERICAN BONANZA 
	NOYON 	CL 	5111175 	AMERICAN BONANZA 
	NOYON 	CL 	5111176 	AMERICAN BONANZA 
	NOYON 	CL 	5111177 	AMERICAN BONANZA 
	NOYON 	CL 	5111178 	AMERICAN BONANZA 
	NOYON 	CL 	5111179 	AMERICAN BONANZA 
	NOYON 	CL 	5111180 	AMERICAN BONANZA 
	NOYON 	CL 	5111181 	AMERICAN BONANZA 
	NOYON 	CL 	5111182 	AMERICAN BONANZA 
	NOYON 	CL 	5111183 	AMERICAN BONANZA 
	NOYON 	CL 	5111184 	AMERICAN BONANZA 
	NOYON 	CL 	5111185 	AMERICAN BONANZA 
	NOYON 	CL 	5111186 	AMERICAN BONANZA 

- 2 - 

	PROPERTY 
	TYPE 
	CLAIM 
	RECORD 
NAME 
	  	  	  	  
	NOYON 	CL 	5111187 	AMERICAN BONANZA 
	NOYON 	CL 	5111188 	AMERICAN BONANZA 
	NOYON 	CL 	5111189 	AMERICAN BONANZA 
	NOYON 	CL 	5111190 	AMERICAN BONANZA 
	NOYON 	CL 	5111191 	AMERICAN BONANZA 
	NOYON 	CL 	5111192 	AMERICAN BONANZA 
	NOYON 	CL 	5111193 	AMERICAN BONANZA 
	NOYON 	CL 	5111194 	AMERICAN BONANZA 
	NOYON 	CL 	5111195 	AMERICAN BONANZA 
	NOYON 	CL 	5111196 	AMERICAN BONANZA 
	NOYON 	CL 	5111197 	AMERICAN BONANZA 
	NOYON 	CL 	5111198 	AMERICAN BONANZA 
	NOYON 	CL 	5111199 	AMERICAN BONANZA 
	NOYON 	CL 	5111200 	AMERICAN BONANZA 
	NOYON 	CL 	5111201 	AMERICAN BONANZA 
	NOYON 	CL 	5111202 	AMERICAN BONANZA 
	NOYON 	CL 	5111203 	AMERICAN BONANZA 
	NOYON 	CL 	5111204 	AMERICAN BONANZA 
	NOYON 	CL 	5111205 	AMERICAN BONANZA 
	NOYON 	CL 	5111206 	AMERICAN BONANZA 
	NOYON 	CL 	5111207 	AMERICAN BONANZA 
	NOYON 	CL 	5111208 	AMERICAN BONANZA 
	NOYON 	CL 	5111209 	AMERICAN BONANZA 
	NOYON 	CL 	5111210 	AMERICAN BONANZA 
	NOYON 	CL 	5111211 	AMERICAN BONANZA 
	NOYON 	CL 	5111212 	AMERICAN BONANZA 
	NOYON 	CL 	5111213 	AMERICAN BONANZA 
	NOYON 	CL 	5111214 	AMERICAN BONANZA 
	NOYON 	CL 	5111215 	AMERICAN BONANZA 
	NOYON 	CL 	5111216 	AMERICAN BONANZA 
	NOYON 	CL 	5111217 	AMERICAN BONANZA 
	NOYON 	CL 	5111218 	AMERICAN BONANZA 
	NOYON 	CL 	5111219 	AMERICAN BONANZA 
	NOYON 	CL 	5111220 	AMERICAN BONANZA 
	NOYON 	CL 	5111221 	AMERICAN BONANZA 
	NOYON 	CL 	5111222 	AMERICAN BONANZA 
	NOYON 	CL 	5111223 	AMERICAN BONANZA 
	NOYON 	CL 	5111224 	AMERICAN BONANZA 
	NOYON 	CL 	5111225 	AMERICAN BONANZA 
	NOYON 	CL 	5111226 	AMERICAN BONANZA 
	NOYON 	CL 	5111227 	AMERICAN BONANZA 
	NOYON 	CL 	5111228 	AMERICAN BONANZA 
	NOYON 	CL 	5111229 	AMERICAN BONANZA 
	NOYON 	CL 	5111230 	AMERICAN BONANZA 
	NOYON 	CL 	5111231 	AMERICAN BONANZA 
	NOYON 	CL 	5111232 	AMERICAN BONANZA 
	NOYON 	CL 	5111233 	AMERICAN BONANZA 
	NOYON 	CL 	5111234 	AMERICAN BONANZA 
	NOYON 	CL 	5111235 	AMERICAN BONANZA 
	NOYON 	CL 	5111236 	AMERICAN BONANZA 
	NOYON 	CL 	5111237 	AMERICAN BONANZA 
	NOYON 	CL 	5111238 	AMERICAN BONANZA 
	NOYON 	CL 	5111243 	AMERICAN BONANZA
  

- 3 - 

	PROPERTY 
	TYPE 
	CLAIM 
	RECORD 
NAME 
	  	  	  	  
	NOYON 	CL 	5111244 	AMERICAN BONANZA 
	NOYON 	CL 	5111245 	AMERICAN BONANZA 
	NOYON 	CL 	5111246 	AMERICAN BONANZA 
	NOYON 	CL 	5111247 	AMERICAN BONANZA 
	NOYON 	CL 	5111248 	AMERICAN BONANZA 
	NOYON 	CL 	5111648 	AMERICAN BONANZA 
	NOYON 	CL 	5111649 	AMERICAN BONANZA 
	NOYON 	CL 	5111650 	AMERICAN BONANZA 
	NOYON 	CL 	5111651 	AMERICAN BONANZA 
	NOYON 	CL 	5111652 	AMERICAN BONANZA 
	NOYON 	CL 	5111653 	AMERICAN BONANZA 
	NOYON 	CL 	5111654 	AMERICAN BONANZA 
	NOYON 	CL 	5111655 	AMERICAN BONANZA 
	  	  	  	  
	TOTAL: 	  	114 	  

SCHEDULE "N" 

ONTARIO PROPERTY

	PROPERTY 
	TYPE 
	CLAIM 
	RECORD 
NAME 
	  	  	  	  
	SCHREIBER 	TB 	4211126 	AMERICAN BONANZA 
	SCHREIBER 	TB 	4211127 	AMERICAN BONANZA 
	SCHREIBER 	PAT 	BJ122-3 	AMERICAN BONANZA 
	SCHREIBER 	PAT 	LOC 1&2 	AMERICAN BONANZA 
	SCHREIBER 	PAT 	TB3719 	AMERICAN BONANZA 
	  	  	  	  
	TOTAL: 	  	7 	  

SCHEDULE "O" 

CYPRUS WAIVER

 

 

SCHEDULE "P" 

EXISTING ROYALTIES AND RIGHTS 

Fenelon Property 

Certain mineral claims included in the Fenelon Property are
subject to royalty interests including the following 

	1. 	
      All royalties payable pursuant to the obligations
      undertaken under an agreement between Cyprus Canada Inc. and International
      Taurus Resources Inc. dated July 17th 1998 and amended May
      1st, 2000 (the “Cyprus Agreement”), including a net smelter
      return royalty payable (the “Cyprus Royalty”) to Cyprus Canada Inc. equal
      to a minimum of 2% of net smelter returns, which is reduced y 1/3rd
      of 1% for each 1% net smelter return royalty exigible from mining
      claims described in the Agreement, to a minimum of 1%;

	 	 
	2. 	
      A royalty payable to Stonegate Management Limited equal
      to 2% of net profits, pursuant to an agreement among Stonegate Management
      Limited, International Taurus Resources Inc., and American Bonanza Gold
      Corp. dated April 1, 2005;

Northway-Noyon 

Certain mineral claims included in the Northway-Noyon Property
are subject to royalty interests including the following: 

	1. 	
      All royalties payable pursuant to the Cyprus Agreement,
      including the Cyprus Royalty.

La Martiniere 

Certain mineral claims included in the La Martiniere Property
are subject to royalty interests including the following: 

	1. 	
      All royalties payable pursuant to the Cyprus Agreement,
      including the Cyprus Royalty.

Northshore 

The mineral claims included in the Northshore Property are
subject to royalty interest including the following: 

	1. 	
      A royalty on net smelter returns ranging from 2% to a
      maximum of 5%, increasing with gold production in excess of $1.0 million
      ounces, is payable to Autotrac Limited pursuant to an agreement between
      Autotrac Limited and International Taurus Resources Inc. dated October 15,
      1999.

SCHEDULE "Q"

MINING RIGHTS TRANSFER APPLICATION FOR REGISTRATION PURPOSES
IN THE PUBLIC REGISTER OF REAL AND IMMOVEABLE MINING RIGHTS OF THE MINISTÈRE DES
RESSOURCES NATURELLES ET DE LA FAUNE (QUÉBEC) 

 

SCHEDULE “R”

VOLUNTARY POOLING AGREEMENT

THIS AGREEMENT, dated for reference November ______, 2010, is
made (the “Effective Date”):

BETWEEN:

AMERICAN BONANZA GOLD CORP., a
corporation incorporated and existing under the laws of British Columbia and
having its head office at 305 – 675 West Hastings Street, Vancouver, British
Columbia V6B 1N2 

(the “Shareholder”);

AND:

BALMORAL RESOURCES LTD., a
corporation incorporated and existing under the laws of British Columbia and
having its head office at 1920-1188 West Georgia Street, Vancouver, B.C. V6E 4N2

(the “Company”)

WHEREAS:

	A. 	
      Pursuant to a purchase agreement dated for reference
      November 3, 2010 between the Shareholder and the Company (the “Purchase
      Agreement”) the Company issued to the Shareholder an aggregate of
      4,500,000 common shares (the “Shares”).

	 	 
	B. 	
      The Company and the Shareholder have agreed to restrict
      the Shares from being disposed of by the Shareholder on the terms and
      conditions of this Agreement.

THEREFORE, the parties agree:

	1. 	
      RIGHT OF FIRST OFFER

	 	 
	1.1 	
      If the Shareholder determines to sell blocks of Shares
      greater than 5% of its initial shareholding in the Company, the
      Shareholder hereby grants to the Company a right of first offer to acquire
      or find another purchaser to acquire that number of Shares that the
      Shareholder wishes to sell (a “Potential Sale”). The Shareholder
      must provide notice (the “Notice”) of the terms of any Potential
      Sale to the Company. The Company will have two days from receipt of the
      Notice to provide written notice of its acceptance of the terms of the
      Notice. Should the terms of the Notice be accepted, the Company will have
      5 days from the date of the Notice to pay for the Shares in question. If
      the Company does not provide written notice of acceptance within two days,
      the Shareholder may, subject to the terms and conditions of Section 2 of
      this Agreement, sell the Shares in question to a third-party within 30
      days, provided this is done on terms no more favourable to the third party
      than those in the Notice. Notice herein can be delivered in person,
      facsimile or via email.

	 	 
	1.2 	
      Nothing in Section 1.1 will prevent the Shareholder from
      selling Shares in accordance with Section 2.2.

- 2 -

	2. 	
      POOLING ARRANGEMENT

	 	 	 
	2.1 	
      The Shareholder agrees that, commencing on the Effective
      Date and expiring on the earlier of the date the Shareholder holds less
      than 1% of the outstanding shares of the Company or the date which is 24
      months after the Effective Date, it will not transfer, assign, option,
      sell, dispose of any interest in the Shares (collectively,
      “Transfer”) other than pursuant to this Agreement or with the
      written consent of the Company.

	 	 	 
	2.2 	
      During the period in which the Shares are subject to this
      Agreement the Shareholder will not Transfer more Shares in any:

	 	 	 
		(a) 	
      calendar month than is equal to 10% of the trading volume
      of the common shares of the Company on a regulated stock exchange
      (including but not limited to the TSX Venture Exchange) for the preceding
      calendar month; and

	 	 	 
		(b) 	
      calendar week than is equal to 5% of the trading volume
      of the common shares of the Company on a regulated stock exchange
      (including but not limited to the TSX Venture Exchange) over the preceding
      calendar week.

	 	 	 
	2.3 	
      Upon a Transfer made in accordance with either Section
      1.1 or Section 2.2 of this Agreement, the Shares will cease to be governed
      or affected by this Agreement.

	 	 	 
	2.4 	
      In addition to being permitted to complete a Transfer
      under Section 1.1 or Section 2.2, the Shareholder may Transfer any or all
      of the Shares to any person, provided that such person agrees to be bound
      by the terms and conditions of this Agreement.

	 	 	 
	3. 	
      EXERCISE OF RIGHTS ATTACHED TO THE
SHARES

	 	 	 
	3.1 	
      The Shareholder may exercise all voting rights attached
      to the Shares held by the Shareholder provided that the Shareholder agrees
      to vote the Shares then held pursuant to this Agreement according to the
      recommendations of management of the Company at any annual or special
      meetings of the shareholders of the Company held after the Effective Date
      and before the earlier of (i) the date which is 36 months after the
      Effective Date; and (ii) the date upon which persons who are on the board
      of directors of the Company on the Effective Date cease to represent a
      majority of the board of directors of the Company.

	 	 	 
	4. 	
      GENERAL

	 	 	 
	4.1 	
      Benefit of the Agreement. This Agreement will
      enure to the benefit of and be binding upon the respective successors and
      permitted assigns of the Parties.

	 	 	 
	4.2 	
      Assignment. Except where an assignment is
      made pursuant to Section 2.4, neither this Agreement nor any of the rights
      or obligations hereunder may be assigned by any Party without the prior
      written consent of the other Party.

	 	 	 
	4.3 	
      Amendments. No modification of or amendment
      to this Agreement will be valid or binding unless set forth in writing and
      duly executed by all of the Parties and no waiver of any breach of any
      term or provision of this Agreement will be effective or binding unless
      made in writing and signed by the Party purporting to give the same and,
      unless otherwise provided, will be limited to the specific breach
      waived.

- 3 -

	4.4 	
      Waiver. No failure on the part of any Party to
      exercise and 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, nor shall any single or partial exercise of any right,
      power or privilege under this Agreement preclude any other or further
      exercise thereof or the exercise of any other right, power or privilege.
      The remedies provided herein are cumulative and not exclusive of any
      remedies provided by law.

	 	 
	4.5 	
      Entire Agreement. This Agreement constitutes the
      entire agreement between the Parties with respect to the subject matter
      hereof and cancels and supersedes any prior understandings and agreements
      between the Parties with respect thereto. There are no representations,
      warranties, terms, conditions, undertakings or collateral agreements,
      express, implied or statutory between the parties in respect of the
      subject matter hereof other than as expressly set forth in this
      Agreement.

	 	 
	4.6 	
      Severability. If any term, part or provision of
      this Agreement is declared unenforceable, illegal or in conflict with any
      laws to which this Agreement is subject, such term, part or provision
      shall be considered severed from this Agreement, the remaining portions
      thereof shall not be affected and this Agreement shall be construed and
      enforced as if it did not contain that term, part or provision.

	 	 
	4.7 	
      Further Assurances. Each Party will from time to
      time execute and deliver all such further documents and instruments and do
      all such acts and things as the other Party may reasonably require to
      effectively carry out or better evidence or perfect the full intent and
      meaning of this Agreement.

	 	 
	4.8 	
      Governing Law. This Agreement is subject to and
      governed by the laws of British Columbia and the parties irrevocably
      attorn to the non-exclusive jurisdiction of the courts of British Columbia
      for the resolution of all disputes arising under or in connection with
      this Agreement.

	 	 
	4.9 	
      Counterparts. This Agreement may be executed in
      counterparts and by facsimile or other electronic means and, following
      execution and delivery of such a counterpart by each party, each of such
      counterpart will constitute an original executed copy hereof copy hereof
      and all such counterparts, taken together, will constitute one and the
      same document.

IN WITNESS WHEREOF the Parties have executed this
Agreement as of the Execution Date.

	AMERICAN BONANZA GOLD CORP. 	 	BALMORAL RESOURCES LTD. 
	 	  	 	 	  
	 	  	 	 	  
	Per: 	 	 	Per: 	  
	 	Duly Authorized Officer 	 	 	Duly Authorized OfficerSecure Luggage Solutions Inc.: Exhibit 10.1 - Filed by newsfilecorp.com

SECURE LUGGAGE SOLUTIONS INC. 
2011 STOCK OPTION
PLAN

     This 2011 Stock Option Plan (the
“Plan”) provides for the grant of options to acquire common shares (the “Common
Shares”) in the capital of SECURE LUGGAGE SOLUTIONS INC., a corporation formed
under the laws of the State of Delaware (the “Corporation”). Stock options
granted under this Plan that qualify under Section 422 of the Internal Revenue
Code of 1986, as amended (the “Code”) are referred to in this Plan as “Incentive
Stock Options” and stock options that do not qualify under Section 422 of the
Code are referred to as “Non-Qualified Stock Options”. Incentive Stock Options
and Non-Qualified Stock Options granted under this Plan are collectively
referred to as “Options”.

1. PURPOSE

1.1 The purpose of this Plan is to retain the services of
valued key employees and consultants of the Corporation and such other persons
as the Plan Administrator shall select in accordance with Section 3 below, and
to encourage such persons to acquire a greater proprietary interest in the
Corporation, thereby strengthening their incentive to achieve the objectives of
the shareholders of the Corporation, and to serve as an aid and inducement in
the hiring of new employees and to provide an equity incentive to consultants
and other persons selected by the Plan Administrator.

1.2 This Plan shall at all times be subject to all legal
requirements relating to the administration of stock option plans, if any, under
applicable corporate laws, applicable United States federal and state securities
laws, the Code, the rules of any applicable stock exchange or stock quotation
system, and the rules of any foreign jurisdiction applicable to Options granted
to residents therein (collectively, the “Applicable Laws”).

2. ADMINISTRATION

2.1 This Plan shall be administered initially by the Board of
Directors of the Corporation (the “Board”), except that the Board may, in its
discretion, establish a committee composed of two (2) or more members of the
Board or two (2) or more other persons to administer the Plan, which committee
(the “Committee”) may be an executive, compensation or other committee,
including a separate committee especially created for this purpose. The Board
or, if applicable, the Committee is referred to herein as the “Plan
Administrator”.

2.2 If and so long as the Common Stock is registered under
Section 12(b) or 12(g) of the Securities Exchange Act of 1934, as amended
(the “Exchange Act”) and the Corporation wishes to grant Incentive Stock
Options, then the Board shall consider in selecting the Plan Administrator and
the membership of any Committee, with respect to any persons subject or likely
to become subject to Section 16 of the Exchange Act, the provisions regarding
(a) “outside directors” as contemplated by Section 162(m) of the Code, and (b)
“Non-Employee Directors” as contemplated by Rule 16b-3 under the Exchange
Act.

- 2 -

2.3 The Committee shall have the powers and authority vested in
the Board hereunder (including the power and authority to interpret any
provision of the Plan or of any Option). The members of any such Committee shall
serve at the pleasure of the Board. A majority of the members of the Committee
shall constitute a quorum, and all actions of the Committee shall be taken by a
majority of the members present. Any action may be taken by a written instrument
signed by all of the members of the Committee and any action so taken shall be
fully effective as if it had been taken at a meeting.

2.4 Subject to the provisions of this Plan and any Applicable
Laws, and with a view to effecting the purpose of the Plan, the Plan
Administrator shall have sole authority, in its absolute discretion, to:

	 	(a) 	
      construe and interpret this Plan;

	 	 	 
	 	(b) 	
      define the terms used in the Plan;

	 	 	 
	 	(c) 	
      prescribe, amend and rescind the rules and regulations
      relating to this Plan;

	 	 	 
	 	(d) 	
      correct any defect, supply any omission or reconcile any
      inconsistency in this Plan;

	 	 	 
	 	(e) 	
      grant Options under this Plan;

	 	 	 
	 	(f) 	
      determine the individuals to whom Options shall be
      granted under this Plan and whether the Option is granted as an Incentive
      Stock Option or a Non-Qualified Stock Option;

	 	 	 
	 	(g) 	
      determine the time or times at which Options shall be
      granted under this Plan;

	 	 	 
	 	(h) 	
      determine the number of Common Shares subject to each
      Option, the exercise price of each Option, the duration of each Option and
      the times at which each Option shall become exercisable;

	 	 	 
	 	(i) 	
      determine all other terms and conditions of the Options;
      and

	 	 	 
	 	(j) 	
      make all other determinations and interpretations
      necessary and advisable for the administration of the
  Plan.

2.5 All decisions, determinations and interpretations made by
the Plan Administrator shall be binding and conclusive on all participants in
the Plan and on their legal representatives, heirs and beneficiaries.

3. ELIGIBILITY

3.1 Incentive Stock Options may be granted to any individual
who, at the time the Option is granted, is an employee of the Corporation or any
Related Corporation (as defined below) (“Employees”).

- 3 -

3.2 Non-Qualified Stock Options may be granted to Employees and
to such other persons who are not Employees as the Plan Administrator shall
select, subject to any Applicable Laws.

3.3 Options may be granted in substitution for outstanding
Options of another corporation in connection with the merger, consolidation,
acquisition of property or stock or other reorganization between such other
corporation and the Corporation or any subsidiary of the Corporation. Options
also may be granted in exchange for outstanding Options. 

3.4 Any person to whom an Option is granted under this Plan is
referred to as an “Optionee”. Any person who is the owner of an Option is
referred to as a “Holder”.

3.5 As used in this Plan, the term “Related Corporation” shall
mean any corporation (other than the Corporation) that is a “Parent Corporation”
of the Corporation or “Subsidiary Corporation” of the Corporation, as those
terms are defined in Sections 424(e) and 424(f), respectively, of the Code (or
any successor provisions) and the regulations thereunder (as amended from time
to time).

4. STOCK

4.1 The Plan Administrator is authorized to grant Options to
acquire up to a total of 3,000,000 Common Shares. The number of Common Shares
with respect to which Options may be granted hereunder is subject to adjustment
as set forth in Section 5.1(m) hereof. In the event that any outstanding Option
expires or is terminated for any reason, the Common Shares allocable to the
unexercised portion of such Option may again be subject to an Option granted to
the same Optionee or to a different person eligible under Section 3 of this
Plan; provided however, that any cancelled Options will be counted against the
maximum number of shares with respect to which Options may be granted to any
particular person as set forth in Section 3 hereof.

5. TERMS AND CONDITIONS OF OPTIONS

5.1 Each Option granted under this Plan shall be evidenced by a
written agreement approved by the Plan Administrator (each, an “Agreement”).
Agreements may contain such provisions, not inconsistent with this Plan or any
Applicable Laws, as the Plan Administrator in its discretion may deem advisable.
All Options also shall comply with the following requirements:

	 	(a) 	
      Number of Shares and Type of Option

	 	 	 	 
	 		
      Each Agreement shall state the number of Common Shares to
      which it pertains and whether the Option is intended to be an Incentive
      Stock Option or a Non-Qualified Stock Option; provided
  that:

	 	 	 	 
	 		(i) 	
      the number of Common Shares that may be reserved pursuant
      to the exercise of Options granted to any person shall not exceed 5% of
      the issued and outstanding Common Shares of the
  Corporation;

- 4 -

	 	(ii) 	
      in the absence of action to the contrary by the Plan
      Administrator in connection with the grant of an Option, all Options shall
      be Non-Qualified Stock Options;

	 	 	 
	 	(iii) 	
      the aggregate fair market value (determined at the Date
      of Grant, as defined below) of the Common Shares with respect to which
      Incentive Stock Options are exercisable for the first time by the Optionee
      during any calendar year (granted under this Plan and all other Incentive
      Stock Option plans of the Corporation, a Related Corporation or a
      predecessor corporation) shall not exceed U.S.$100,000, or such other
      limit as may be prescribed by the Code as it may be amended from time to
      time (the “Annual Limit”); and

	 	 	 
	 	(iv) 	
      any portion of an Option which exceeds the Annual Limit
      shall not be void but rather shall be a Non-Qualified Stock
  Option.

	 	(b) 	
      Date of Grant

	 	 	 	 
	 		
      Each Agreement shall state the date the Plan
      Administrator has deemed to be the effective date of the Option for
      purposes of this Plan (the “Date of Grant”).

	 	 	 	 
	 	(c) 	
      Option Price

	 	 	 	 
	 		
      Each Agreement shall state the price per Common Share at
      which it is exercisable. The Plan Administrator shall act in good faith to
      establish the exercise price in accordance with Applicable Laws;
      provided that:

	 	 	 	 
	 		(i) 	
      the per share exercise price for an Incentive Stock
      Option or any Option granted to a “covered employee” as such term is
      defined for purposes of Section 162(m) of the Code shall not be less than
      the fair market value per Common Share at the Date of Grant as determined
      by the Plan Administrator in good faith;

	 	 	 	 
	 		(ii) 	
      with respect to Incentive Stock Options granted to
      greater-than-ten percent (>10%) shareholders of the Corporation (as
      determined with reference to Section 424(d) of the Code), the exercise
      price per share shall not be less than one hundred ten percent (110%) of
      the fair market value per Common Share at the Date of Grant as determined
      by the Plan Administrator in good faith; and

	 	 	 	 
	 		(iii) 	
      Options granted in substitution for outstanding options
      of another corporation in connection with the merger, consolidation,
      acquisition of property or stock or other reorganization involving such
      other corporation and the Corporation or any subsidiary of the Corporation
      may be granted with an exercise price equal to the exercise price for the
      substituted option of the other corporation, subject to any adjustment
      consistent with the terms of the transaction pursuant to which the
      substitution is to occur.

- 5 -

	 	(d) 	
      Duration of Options

	 	 	 	 
	 		
      At the time of the grant of the Option, the Plan
      Administrator shall designate, subject to Section 5.1(g) below, the
      expiration date of the Option, which date shall not be later than five (5)
      years from the Date of Grant; provided, that the expiration date of
      any Incentive Stock Option granted to a greater-than-ten percent (>10%)
      shareholder of the Corporation (as determined with reference to Section
      424(d) of the Code) shall not be later than five (5) years from the Date
      of Grant. In the absence of action to the contrary by the Plan
      Administrator in connection with the grant of a particular Option, and
      except in the case of Incentive Stock Options as described above, all
      Options granted under this Section 5 shall expire five (5) years from the
      Date of Grant.

	 	 	 	 
	 	(e) 	
      Vesting Schedule

	 	 	 	 
	 		
      No Option shall be exercisable until it has vested. The
      vesting schedule for each Option shall be specified by the Plan
      Administrator at the time of grant of the Option prior to the provision of
      services with respect to which such Option is granted.

	 	 	 	 
	 		
      The Plan Administrator may specify a vesting schedule for
      all or any portion of an Option based on the achievement of performance
      objectives established in advance of the commencement by the Optionee of
      services related to the achievement of the performance objectives.
      Performance objectives shall be expressed in terms of objective criteria,
      including but not limited to, one or more of the following: return on
      equity, return on assets, share price, market share, sales, earnings per
      share, costs, net earnings, net worth, inventories, cash and cash
      equivalents, gross margin or the Corporation’s performance relative to its
      internal business plan. Performance objectives may be in respect of the
      performance of the Corporation as a whole (whether on a consolidated or
      unconsolidated basis), a Related Corporation, or a subdivision, operating
      unit, product or product line of either of the foregoing. Performance
      objectives may be absolute or relative and may be expressed in terms of a
      progression or a range. An Option that is exercisable (in full or in part)
      upon the achievement of one or more performance objectives may be
      exercised only following written notice to the Optionee and the
      Corporation by the Plan Administrator that the performance objective has
      been achieved.

	 	 	 	 
	 	(f) 	
      Acceleration of Vesting

	 	 	 	 
	 		
      The vesting of one or more outstanding Options may be
      accelerated by the Plan Administrator at such times and in such amounts as
      it shall determine in its sole discretion.

	 	 	 	 
	 	(g) 	
      Term of Option

	 	 	 	 
	 		(i) 	
      Vested Options shall terminate, to the extent not
      previously exercised, upon the occurrence of the first of the following
      events:

- 6 -

	 	A. 	
      the expiration of the Option, as designated by the Plan
      Administrator in accordance with Section 5.1(d) above;

	 	 	 
	 	B. 	
      the date of an Optionee’s termination of employment or
      contractual relationship with the Corporation or any Related Corporation
      for cause (as determined by the Plan Administrator, acting
    reasonably);

	 	 	 
	 	C. 	
      the expiration of three (3) months from the date of an
      Optionee’s termination of employment or contractual relationship with the
      Corporation or any Related Corporation for any reason whatsoever other
      than cause, death or Disability (as defined below) unless, in the case of
      a Non-Qualified Stock Option, the exercise period is extended by the Plan
      Administrator until a date not later than the expiration date of the
      Option; or

	 	 	 
	 	D. 	
      the expiration of one year (1) from termination of an
      Optionee’s employment or contractual relationship by reason of death or
      Disability (as defined below) unless, in the case of a Non-Qualified Stock
      Option, the exercise period is extended by the Plan Administrator until a
      date not later than the expiration date of the
Option.

	 	(ii) 	
      Notwithstanding Section 5.1(g)(i) above, any vested
      Options which have been granted to the Optionee in the Optionee’s capacity
      as a director of the Corporation or any Related Corporation shall
      terminate upon the occurrence of the first of the following
  events:

	 	 	 	 
	 		A. 	
      the event specified in Section 5.1(g)(i)A
above;

	 	 	 	 
	 		B. 	
      the event specified in Section 5.1(g)(i)D above;
    and

	 	 	 	 
	 		C. 	
      the expiration of three (3) months from the date the
      Optionee ceases to serve as a director of the Corporation or Related
      Corporation, as the case may be unless, in the case of a Non- Qualified
      Stock Option, the exercise period is extended by the Plan Administrator
      until a date not later than the expiration date of the Option.

	 	 	 	 
	 	(iii) 	
      Upon the death of an Optionee, any vested Options held by
      the Optionee shall be exercisable only by the person or persons to whom
      such Optionee’s rights under such Option shall pass by the Optionee’s will
      or by the laws of descent and distribution of the Optionee’s domicile at
      the time of death and only until such Options terminate as provided
      above.

	 	 	 	 
	 	(iv) 	
      For purposes of the Plan, unless otherwise defined in the
      Agreement, “Disability” shall mean medically determinable physical or
      mental impairment which has lasted or can be expected to last for a
      continuous period of not less than twelve (12) months or that can be
      expected to result in death. The Plan Administrator shall determine
      whether an Optionee has incurred a Disability on the basis of medical
      evidence acceptable to the Plan Administrator. Upon making a determination
      of Disability, the Plan Administrator shall, for purposes of the Plan,
      determine the date of an Optionee’s termination of employment or
      contractual relationship.

- 7 -

	 	(v) 	
      Unless accelerated in accordance with Section 5.1(f)
      above, unvested Options shall terminate immediately upon termination of
      employment of the Optionee by the Corporation for any reason whatsoever,
      including death or Disability.

	 	 	 
	 	(vi) 	
      For purposes of this Plan, transfer of employment between
      or among the Corporation and/or any Related Corporation shall not be
      deemed to constitute a termination of employment with the Corporation or
      any Related Corporation. Employment shall be deemed to continue while the
      Optionee is on military leave, sick leave or other bona fide leave
      of absence (as determined by the Plan Administrator). The foregoing
      notwithstanding, employment shall not be deemed to continue beyond the
      first ninety (90) days of such leave, unless the Optionee’s re-employment
      rights are guaranteed by statute or by
contract.

	 	(h) 	
      Exercise of Options

	 	 	 	 
	 		(i) 	
      Options shall be exercisable, in full or in part, at any
      time after vesting, until termination. If less than all of the Common
      Shares included in the vested portion of any Option are purchased, the
      remainder may be purchased at any subsequent time prior to the expiration
      of the Option term. Only whole Common Shares may be issued pursuant to an
      Option, and to the extent that an Option covers less than one (1) share,
      it is unexercisable.

	 	 	 	 
	 		(ii) 	
      Options or portions thereof may be exercised by giving
      written notice to the Corporation, which notice shall specify the number
      of Common Shares to be purchased, and be accompanied by payment in the
      amount of the aggregate exercise price for the Common Shares so purchased,
      which payment shall be in the form specified in Section 5.1(i) below. The
      Corporation shall not be obligated to issue, transfer or deliver a
      certificate representing Common Shares to the Holder of any Option, until
      provision has been made by the Holder, to the satisfaction of the
      Corporation, for the payment of the aggregate exercise price for all
      Common Shares for which the Option shall have been exercised and for
      satisfaction of any tax withholding obligations associated with such
      exercise. During the lifetime of an Optionee, Options are exercisable only
      by the Optionee.

	 	 	 	 
	 	(i) 	
      Payment upon Exercise of Option

	 	 	 
	 	 	
      Upon the exercise of any Option, the aggregate exercise
      price shall be paid to the Corporation in cash or by certified or
      cashier’s check. In addition, if pre-approved in writing by the Plan
      Administrator who may arbitrarily withhold consent, the Holder may pay for
      all or any portion of the aggregate exercise price by complying with one
      or more of the following alternatives:

- 8 -

	 	(i) 	
      by delivering a properly executed exercise notice
      together with irrevocable instructions to a broker promptly to sell or
      margin a sufficient portion of the Common Shares and deliver directly to
      the Corporation the amount of sale or margin loan proceeds to pay the
      exercise price; or

	 	 	 
	 	(ii) 	
      by complying with any other payment mechanism approved by
      the Plan Administrator at the time of
exercise.

	 	(j) 	
      No Rights as a Shareholder

	 	 	 	 
			A Holder shall have no rights as a shareholder of
      the Corporation with respect to any Common Shares covered by an Option
      until such Holder becomes a record holder of such Common Shares,
      irrespective of whether such Holder has given notice of exercise. Subject
      to the provisions of Section 5.1(m) hereof, no rights shall accrue to a
      Holder and no adjustments shall be made on account of dividends (ordinary
      or extraordinary, whether in cash, securities or other property) or
      distributions or other rights declared on, or created in, the Common
      Shares for which the record date is prior to the date the Holder becomes a
      record holder of the Common Shares covered by the Option, irrespective of
      whether such Holder has given notice of exercise.
	 	 	 	 
	 	(k) 	
      Non-transferability of Options

	 	 	 	 
	 		
      Options granted under this Plan and the rights and
      privileges conferred by this Plan may not be transferred, assigned,
      pledged or hypothecated in any manner (whether by operation of law or
      otherwise) other than by will, by applicable laws of descent and
      distribution, and shall not be subject to execution, attachment or similar
      process. Upon any attempt to transfer, assign, pledge, hypothecate or
      otherwise dispose of any Option or of any right or privilege conferred by
      this Plan contrary to the provisions hereof, or upon the sale, levy or any
      attachment or similar process upon the rights and privileges conferred by
      this Plan, such Option shall thereupon terminate and become null and
      void.

	 	 	 	 
	 	(l) 	
      Securities Regulation and Tax Withholding

	 	 	 	 
			
      (i) 
	Common Shares shall not be issued with respect to an Option
      unless the exercise of such Option and the issuance and delivery of such
      Common Shares shall comply with all Applicable Laws, and such issuance
      shall be further subject to the approval of counsel for the Corporation
      with respect to such compliance, including the availability of an
      exemption from prospectus and registration requirements for the issuance
      and sale of such Common Shares. The inability of the Corporation to obtain
      from any regulatory body the authority deemed by the Corporation to be
      necessary for the lawful issuance and sale of any Common Shares under this
      Plan, or the unavailability of an exemption from prospectus and
      registration requirements for the issuance and sale of any Common Shares
      under this Plan, shall relieve the Corporation of any liability with
      respect to the non-issuance or sale of such Common
Shares.

- 9 -

	 	(ii) 	
      As a condition to the exercise of an Option, the Plan
      Administrator may require the Holder to represent and warrant in writing
      at the time of such exercise that the Common Shares are being purchased
      only for investment and without any then-present intention to sell or
      distribute such Common Shares. If necessary under Applicable Laws, the
      Plan Administrator may cause a stop-transfer order against such Common
      Shares to be placed on the stock books and records of the Corporation, and
      a legend indicating that the Common Shares may not be pledged, sold or
      otherwise transferred unless an opinion of counsel is provided stating
      that such transfer is not in violation of any Applicable Laws, may be
      stamped on the certificates representing such Common Shares in order to
      assure an exemption from registration. The Plan Administrator also may
      require such other documentation as may from time to time be necessary to
      comply with applicable securities laws. THE CORPORATION HAS NO OBLIGATION
      TO UNDERTAKE REGISTRATION OF OPTIONS OR THE COMMON SHARES ISSUABLE UPON
      THE EXERCISE OF OPTIONS.

	 	 	 	 
	 	(iii) 	
      The Holder shall pay to the Corporation by certified or
      cashier’s check, promptly upon exercise of an Option or, if later, the
      date that the amount of such obligations becomes determinable, all
      applicable federal, state, local and foreign withholding taxes that the
      Plan Administrator, in its discretion, determines to result upon exercise
      of an Option or from a transfer or other disposition of Common Shares
      acquired upon exercise of an Option or otherwise related to an Option or
      Common Shares acquired in connection with an Option. Upon approval of the
      Plan Administrator, a Holder may satisfy such obligation by complying with
      one or more of the following alternatives selected by the Plan
      Administrator:

	 	 	 	 
	 		A. 	
      by delivering to the Corporation Common Shares previously
      held by such Holder or by the Corporation withholding Common Shares
      otherwise deliverable pursuant to the exercise of the Option, which Common
      Shares received or withheld shall have a fair market value at the date of
      exercise (as determined by the Plan Administrator) equal to any
      withholding tax obligations arising as a result of such exercise, transfer
      or other disposition; or

	 	 	 	 
	 		B. 	
      by complying with any other payment mechanism approved by
      the Plan Administrator from time to time.

- 10 -

	 	(iv) 	
      The issuance, transfer or delivery of certificates
      representing Common Shares pursuant to the exercise of Options may be
      delayed, at the discretion of the Plan Administrator, until the Plan
      Administrator is satisfied that the applicable requirements of all
      Applicable Laws and the withholding provisions of the Code have been met
      and that the Holder has paid or otherwise satisfied any withholding tax
      obligation as described in Section 5.1(l)(iii)
above.

	 	(m) 	
      Adjustments Upon Changes In Capitalization

	 	 	 	 	 
	 		(i) 	
      The aggregate number and class of shares for which
      Options may be granted under this Plan, the number and class of shares
      covered by each outstanding Option, and the exercise price per share
      thereof (but not the total price), and each such Option, shall all be
      proportionately adjusted for any increase or decrease in the number of
      issued Common Shares of the Corporation resulting from:

	 	 	 	 	 
	 			A. 	
      a subdivision or consolidation of Common Shares or any
      like capital adjustment, or

	 	 	 	 	 
	 			B. 	
      the issuance of any Common Shares, or securities
      exchangeable for or convertible into Common Shares, to the holders of all
      or substantially all of the outstanding Common Shares by way of a stock
      dividend (other than the issue of Common Shares, or securities
      exchangeable for or convertible into Common Shares, to holders of Common
      Shares pursuant to their exercise of options to receive dividends in the
      form of Common Shares, or securities convertible into Common Shares, in
      lieu of dividends paid in the ordinary course on the Common
  Shares).

	 	 	 	 	 
	 		(ii) 	
      Except as provided in Section 5.1(m)(iii) hereof, upon a
      merger (other than a merger of the Corporation in which the holders of
      Common Shares immediately prior to the merger have the same proportionate
      ownership of common shares in the surviving corporation immediately after
      the merger), consolidation, acquisition of property or stock, separation,
      reorganization (other than a mere re-incorporation or the creation of a
      holding Corporation) or liquidation of the Corporation, as a result of
      which the shareholders of the Corporation, receive cash, shares or other
      property in exchange for or in connection with their Common Shares, any
      Option granted hereunder shall terminate, but the Holder shall have the
      right to exercise such Holder’s Option immediately prior to any such
      merger, consolidation, acquisition of property or shares, separation,
      reorganization or liquidation, and to be treated as a shareholder of
      record for the purposes thereof, to the extent the vesting requirements
      set forth in the Option agreement have been
satisfied.

- 11 -

	 	(iii) 	
      If the shareholders of the Corporation receive shares in
      the capital of another corporation ("Exchange Shares") in exchange for
      their Common Shares in any transaction involving a merger (other than a
      merger of the Corporation in which the holders of Common Shares
      immediately prior to the merger have the same proportionate ownership of
      Common Shares in the surviving corporation immediately after the merger),
      consolidation, acquisition of property or shares, separation or
      reorganization (other than a mere re-incorporation or the creation of a
      holding Corporation), all Options granted hereunder shall be converted
      into options to purchase Exchange Shares unless the Corporation and the
      corporation issuing the Exchange Shares, in their sole discretion,
      determine that any or all such Options granted hereunder shall not be
      converted into options to purchase Exchange Shares but instead shall
      terminate in accordance with, and subject to the Holder’s right to
      exercise the Holder’s Options pursuant to, the provisions of Section
      5.1(m)(ii). The amount and price of converted options shall be determined
      by adjusting the amount and price of the Options granted hereunder in the
      same proportion as used for determining the number of Exchange Shares the
      holders of the Common Shares receive in such merger, consolidation,
      acquisition or property or stock, separation or reorganization. Unless
      accelerated by the Board, the vesting schedule set forth in the option
      agreement shall continue to apply to the options granted for the Exchange
      Shares.

	 	 	 
	 	(iv) 	
      In the event of any adjustment in the number of Common
      Shares covered by any Option, any fractional shares resulting from such
      adjustment shall be disregarded and each such Option shall cover only the
      number of full shares resulting from such adjustment.

	 	 	 
	 	(v) 	
      All adjustments pursuant to Section 5.1(m) shall be made
      by the Plan Administrator, and its determination as to what adjustments
      shall be made, and the extent thereof, shall be final, binding and
      conclusive.

	 	 	 
	 	(vi) 	
      The grant of an Option shall not affect in any way the
      right or power of the Corporation to make adjustments, reclassifications,
      reorganizations or changes of its capital or business structure, to merge,
      consolidate or dissolve, to liquidate or to sell or transfer all or any
      part of its business or assets.

6. EFFECTIVE DATE; AMENDMENT; SHAREHOLDER
APPROVAL

6.1 Options may be granted by the Plan Administrator from time
to time on or after the date on which this Plan is adopted by the Board (the
“Effective Date”).

6.2 Unless sooner terminated by the Board, this Plan shall
terminate on the tenth anniversary of the Effective Date. No Option may be
granted after such termination or during any suspension of this Plan.

- 12 -

6.3 Any Incentive Stock Options granted by the Plan
Administrator prior to the ratification of this Plan by the shareholders of the
Corporation shall be granted subject to approval of this Plan by the holders of
a majority of the Corporation's outstanding voting shares, passed without
meeting pursuant the Delaware General Corporation Law or by voting either in
person or by proxy at a duly held shareholders' meeting within twelve (12)
months before or after the Effective Date. If such shareholder approval is
sought and not obtained, all Incentive Stock Options granted prior thereto and
thereafter shall be considered Non-Qualified Stock Options and any Options
granted to Covered Employees will not be eligible for the exclusion set forth in
Section 162(m) of the Code with respect to the deductibility by the Corporation
of certain compensation.

7. NO OBLIGATIONS TO EXERCISE OPTION

7.1 The grant of an Option shall impose no obligation upon the
Optionee to exercise such Option.

8. NO RIGHT TO OPTIONS OR TO
EMPLOYMENT

8.1 Whether or not any Options are to be granted under this
Plan shall be exclusively within the discretion of the Plan Administrator, and
nothing contained in this Plan shall be construed as giving any person any right
to participate under this Plan. The grant of an Option shall in no way
constitute any form of agreement or understanding binding on the Corporation or
any Related Corporation, express or implied, that the Corporation or any Related
Corporation will employ or contract with an Optionee for any length of time, nor
shall it interfere in any way with the Corporation’s or, where applicable, a
Related Corporation’s right to terminate Optionee’s employment at any time,
which right is hereby reserved.

9. APPLICATION OF FUNDS

9.1 The proceeds received by the Corporation from the sale of
Common Shares issued upon the exercise of Options shall be used for general
corporate purposes, unless otherwise directed by the Board.

10. INDEMNIFICATION OF PLAN
ADMINISTRATOR

10.1 In addition to all other rights of indemnification they
may have as members of the Board, members of the Plan Administrator shall be
indemnified by the Corporation for all reasonable expenses and liabilities of
any type or nature, including attorneys’ fees, incurred in connection with any
action, suit or proceeding to which they or any of them are a party by reason
of, or in connection with, this Plan or any Option granted under this Plan, and
against all amounts paid by them in settlement thereof (provided that such
settlement is approved by independent legal counsel selected by the
Corporation), except to the extent that such expenses relate to matters for
which it is adjudged that such Plan Administrator member is liable for willful
misconduct; provided, that within fifteen (15) days after the institution of any
such action, suit or proceeding, the Plan Administrator member involved therein
shall, in writing, notify the Corporation of such action, suit or proceeding, so
that the Corporation may have the opportunity to make appropriate arrangements
to prosecute or defend the same.

- 13 -

11. AMENDMENT OF PLAN

11.1 The Plan Administrator may, at any time, modify, amend or
terminate this Plan or modify or amend Options granted under this Plan,
including, without limitation, such modifications or amendments as are necessary
to maintain compliance with the Applicable Laws. The Plan Administrator may
condition the effectiveness of any such amendment on the receipt of shareholder
approval at such time and in such manner as the Plan Administrator may consider
necessary for the Corporation to comply with or to avail the Corporation and/or
the Optionees of the benefits of any securities, tax, market listing or other
administrative or regulatory requirements.

Effective Date: March 31, 2011

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