Document:

Exhibit 10.7

 

Exhibit 10.7

 

OWLHEAD MINERALS CORP.

BUSINESS ADVISORY
CONSULTING AGREEMENT

 

This Business Advisory Agreement (this “Agreement”)
is made and entered into as of the 1st day of November 2012,

 

between

 

Alex
McPherson

with
his address at #45 - 53rd Street

Delta,
British Columbia, Canada

(herein
after referred to as the “Consultant”).

 

and

 

Owlhead
Minerals Corp., a Nevada corporation

with
its address at 250 H Street #123

Blaine,
WA 98230,

(herein
after referred to as the “Company”)

 

WHEREAS, the Consultant has extensive
training and experience in all aspects of business development, management, guidance and marketing; and

 

WHEREAS, the Company wishes to engage
the services of the Consultant as an advisor and resource person.

 

NOW THEREFORE, in consideration of the
mutual promises herein contained, the parties hereto hereby agree as follows:

 

1. CONSULTING SERVICES

 

The Company hereby retains the Consultant to
act as the Business Advisory Consultant of the Company and the Consultant hereby accepts and agrees to such retention. The Consultant,
in his capacity as the Business Advisory Consultant shall act as an advisor to management respecting the programs and activities
of the Company including but not limited to advising on the strategies, implementation and monitoring of the Company’s business
plan. In addition, the Consultant shall have and perform such other duties as are customarily performed by one holding such position
in other businesses or enterprises that are the same as or similar to that engaged in by the Company, and shall have and perform
such unrelated duties and services as may be assigned to him from time to time by the Board of Directors of the Company. The Consultant
agrees to abide by the Company policies and procedures established from time to time by the Company. The Consultant shall accept
from the Company, as full compensation for his services, including, without limitation, any services rendered by him or of any
parent, subsidiary or affiliate of the Company, compensation in the form of shares of the Company’s common stock, $0.001
par value per share (hereinafter referred to as the “Common Stock”) as provided in subsection a of Section 4 (a)
below.

 

2. TERM OF AGREEMENT

 

The term of this Agreement shall be a period
of two years, commencing November 1, 2012, and terminating October 31, 2014, subject, however, to prior termination as hereinafter
provided. Either Party may, at its own discretion, elect to terminate this Agreement by giving notice in writing 30 days in advance
of the termination. Either party hereto shall have the right to terminate this Agreement without notice in the event of the death,
bankruptcy, insolvency, or assignment for the benefit of creditors of the other party. Consultant shall have the right to terminate
this Agreement if Company fails to comply with any of the material terms of this Agreement, including without limitation its responsibilities
as set forth in this Agreement, and such failure continues un-remedied for a period of thirty (30) days after written notice to
the Company by Consultant.

 

    	1

    	 

    

 

3. TIME DEVOTED BY CONSULTANT

 

It is anticipated that the Consultant shall
spend as much time as deemed necessary in order to perform the obligations of Consultant hereunder.

 

4. COMPENSATION TO CONSULTANT

 

(a) The Company shall issue the Consultant
200,000 Common Shares of the Company, which shares shall be issued immediately upon the signing of this agreement.

 

(b) The shares of Common Stock to be issued
shall be “restricted securities” as defined in Rule 144 of the General Rules and Regulations under the Securities Act
of 1933, as amended (hereinafter referred to as the “Act”), and may not be sold unless registered pursuant to the Act
or in accordance with the terms of Rule 144.

 

(c) In addition to the restrictions imposed
pursuant to Rule 144, the Consultant agrees to restrict his sale of shares of common stock of the Company as specified in the Lockup
Agreement attached hereto as Schedule A.

 

5. INDEPENDENT CONTRACTOR

 

Both the Company and the Consultant agree that
the Consultant will act as an independent contractor in the performance of his duties under this Agreement. Nothing contained in
this Agreement shall be construed to imply that Consultant, or any employee, agent or other authorized representative of Consultant,
is a partner, joint venturer, agent, officer or employee of Company.

 

6. CONFIDENTIAL INFORMATION

 

The Consultant and the Company acknowledge
that each will have access to proprietary information regarding the business operations of the other and agree to keep all such
information secret and confidential and not to use or disclose any such information to any individual or organization without the
non-disclosing parties prior written consent. It is hereby agreed that from time to time Consultant and the Company may designate
certain disclosed information as confidential for purposes of this Agreement. Consultant hereby designates its broker network and/or
any retail brokerage operations identified by Consultant to Company as Consultant’s confidential information. The Company hereby
designates it shareholder list as the Company’s confidential information.

 

7. INDEMNIFICATION

 

The Company hereby agrees to indemnify and
hold the Consultant harmless from any and all liabilities incurred by Consultant under the Securities Act of 1933, as amended (the
“Act”), the various state securities acts, or otherwise, insofar as such liabilities arise out of or are based upon (i)
any material misstatement or omission contained in any offering documents provided by the Company, or (ii) any intentional actions
by the Company, direct or indirect, in connection with any offering by the Company, in violation of any applicable federal or state
securities laws or regulations. Furthermore, the Company agrees to reimburse Consultant for any legal or other expenses incurred
by Consultant in connection with investigating or defending any action, proceeding, investigation, or claim in connection herewith.
The indemnity obligations of the Company under this paragraph shall extend to the shareholders, directors, officers, employees,
agents, and control persons of Consultant.

 

    	2

    	 

    

 

The Consultant hereby agrees to indemnify and
hold the Company harmless from any and all liabilities incurred by the Company under the Act, the various state securities acts,
or otherwise, insofar as such liabilities arise out of or are based upon (i) any actions by Consultant, its officers, employees,
agents, or control persons, direct or indirect, in connection with any offering by the Company, in violation of any applicable
federal or state securities laws or regulations, or (ii) any breach of this Agreement by Consultant.

 

The indemnity obligations of the parties under
this paragraph 7 shall be binding upon and inure to the benefit of any successors, assigns, heirs, and personal representatives
of the Company, the Consultant, and any other such persons or entities mentioned herein above.

 

8. COVENANTS OF CONSULTANT

 

The Consultant covenants and agrees with the
Company that in performing the Consulting Services, the Consultant will not publish, circulate or otherwise use any solicitation
materials business plan, financial statements, investor mailings or updates other than materials provided by or otherwise approved
by the Company.

 

(a) ATTORNEYS’ FEES. If either party files
any action or brings any proceeding against the other arising out of this Agreement, then the prevailing party shall be entitled
to reasonable attorneys’ fees.

 

(b) WAIVER. No waiver by a party of any provision
of this Agreement shall be considered a waiver of any other provision or any subsequent breach of the same or any other provision.
The exercise by a party of any remedy provided in this Agreement or at law shall not prevent the exercise by that party of any
other remedy provided in this Agreement or at law.

 

(c) ASSIGNMENT. This Agreement shall be binding
upon and inure to the benefit of the parties hereto and no assignment shall be allowed without first obtaining the written consent
of the non-assigning party.

 

(d) SEVERABILITY. In any condition or covenant
herein contained is held to be invalid or void by any court of competent jurisdiction, the same shall be deemed severable form
the remainder of this Agreement and shall in no way effect the other covenants and conditions contained herein.

 

(e) AMENDMENT. This Agreement may be amended
only by a written agreement executed by all parties hereto.

 

(f) HEADINGS. Titles or captions contained
herein are inserted as a matter of convenience and for reference, and in no way define, limit, extend, or describe the scope of
this Agreement or any provision hereof. No provision in this Agreement is to be interpreted for or against either party because
that party or his legal representative drafted such provision.

 

(g) NOTICE. All written notices, demands, or
requests of any kind, which either party may be required or any desire to serve on the other in connection with this Agreement,
must be served by registered or certified mail, with postage prepaid and return receipt requested. In lieu of mailing, either party
may cause delivery of such notice, demands and requests to be made by personal service facsimile transmission, provided that acknowledgment
of receipt is made. Notice shall be deemed given upon personal delivery or receipt of facsimile transmission, or two (2) days after
mailing. All such notices, demands, and requests shall be delivered as follows:

 

If to the Company:

 

Owlhead Minerals Corp.

250 H Street #123

Blaine, WA 98230

Fax: 866-417-3469

 

If to Consultant:

 

Alex McPherson

#45—53rd Street

Delta British Columbia, Canada

Email: aamcpherson@hotmail.co

 

    	3

    	 

    

 

(h) ENTIRE AGREEMENT. This Agreement contains
all of the representations, warranties, and the entire understanding and agreement between the parties. Correspondence, memoranda,
or agreements, whether written or oral, originating before the date of this Agreement are replaced in total by this Agreement unless
otherwise especially stated.

 

(i) COUNTERPARTS; FACSIMILE SIGNATURES. This
Agreement may be executed simultaneously in one or more counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument. The Parties agree that facsimile signatures of this Agreement shall be deemed
a valid and binding execution of this Agreement.

 

(j) GOVERNING LAW AND VENUE. This Agreement
shall be governed by and construed in accordance with the laws of the State of Nevada. In any legal action involving this Agreement
or the parties’ relationship, the parties agree that the exclusive venue for any lawsuit shall be in the state or federal court
located within the State of Nevada. The parties agree to submit to the personal jurisdiction of the state and federal courts located
within State of Nevada.

 

IN WITNESS WHEREOF, the parties hereto have
placed their signatures hereon on the day and year first above written.

 

	COMPANY	 
	 	 
	/s/ Geoff Armstrong	 
	Geoff Armstrong, President and Director	 
	Owlhead Minerals Corp.	 
	 	 
	CONSULTANT	 
	 	 
	/s/ A. McPherson	 
	Alex McPherson	 

 

    	4Exhibit 10.8

Exhibit 10.8

  

CLAIMS
OPTION AGREEMENT

 

THIS
CLAIMS OPTION AGREEMENT is made as of the 18ih Day of December, 2012.

 

	BETWEEN:		 
	 	 	 
	 	John
    Kemp	 
	 	Box
    3114,	 
	 	Smithers,
    British Columbia, Canada VOJ 2N0	 
	 	(hereinafter
    referred to as the “Optionor”)	 
	 	 	 
	 	 	OF
    THE FIRST PART
	 	 	 
	and	 	 
	 	 	 
	 	OWLHEAD
    MINERALS (BC) CORP.	 
	 	a
    British Columbia, Canada corporation	 
	 	A
    wholly owned subsidiary of Owlhead Minerals Corp.

 a company incorporated under the laws of Nevada 

(hereinafter referred to
    as the “Optionee”)	 
	 	 	 
	 	 	OF
    THE SECOND PART

 

Together:
the “Parties”

 

WHEREAS:

 

A.
Optionor is the legal and beneficial owner of certain mining claims
located in the Province of British Columbia, Canada;

 

B.
Optionee wishes to acquire an interest in said mining claims from
Optionor on the terms and conditions herein contained;

 

NOW
THEREFORE THIS AGREEMENT WITNESSETH THAT, in consideration of the premises and the mutual covenants herein contained, the
parties agree as follows:

 

1.
THE CLAIMS

 

1.1
This Agreement shall cover those mining claims located in the Province of British Columbia, Canada more particularly described
in Schedule A attached hereto (hereinafter called the “Claims”). (See Schedule A)

 

2
REPRESENTATIONS AND WARRANTIES BY OPTIONOR

 

2.1
Optionor represents and warrants to Optionee that:

 

(a)
Optionor is the legal and beneficial owner of a one hundred percent (100%) interest in the Claims as they exist at the date hereof
and is the recorded owner of the Claims, free and clear of any liens, charges, encumbrances, or surface rights restrictions whatsoever,
and the Optionor has not granted to any party other than the Optionee any rights to or in respect of the Claims, (whether by agreement
or otherwise);

 

(b)
Optionor is a resident of Canada for the purposes of the Income Tax Act of Canada;

 

(c)
Optionor has the full power and capacity to hold its legal and beneficial interest in the Claims, to acquire and hold recorded
title to the Claims and to enter into and to carry out all the terms of this Agreement;

 

    	Page 1 of 9

    	 

    

 

(d)The
Claims are validly staked, located, duly recorded in the name of Optionor and in good standing pursuant to all applicable Laws
(as hereinafter defined) and all taxes, rents, charges and assessments with respect thereto have been paid in full as of the date
hereof;

 

(e)To
the best of the Optionor’s knowledge there are no adverse claims or challenges against, or to the ownership of, or title
to, the Claims or substances thereon, therein or therefrom nor to the knowledge of Optionor, is there any basis for an adverse
claims or challenges;

 

(f)
All necessary information and data concerning the Claims and prior exploration and development work carried out thereon and within
the Optionor’s knowledge has been disclosed and provided to Optionee;

 

(g)
Optionor has no information or knowledge of any facts pertaining to the Claims or substances thereon, therein or therefrom not
disclosed in writing to Optionee which, if known to Optionee, might reasonably be expected to deter Optionee from completing the
transactions contemplated hereby on the terms and conditions contained herein;

 

(h)
Optionor has not directly or indirectly caused, permitted or allowed any contaminants as defined in the Environmental Protection
Act pollutants, wastes or toxic substances (collectively “Hazardous Substances”) to be released, discharged, placed,
escaped, leached or disposed of on, into, under or through the lands (including watercourses, improvements thereon and contents
thereof) comprising the Claims or nearby areas and, so far as Optionor is aware, no Hazardous Substances or underground storage
tanks are contained, harbored or otherwise present in or upon such lands (including watercourses, improvements thereon and contents
thereof) or nearby areas;

 

(i)
To the best of the Optionor’s knowledge at this time there are no obligations or commitments for reclamation, closure or
other environmental corrective, clean-up or remediation action directly or indirectly relating to the Claims;

 

(j)
To the best of the Optionor’s knowledge there are no actions, suits, investigations or proceedings before any court, arbitrator,
administrative agency or other tribunal or Governmental whether current, pending or threatened, which directly or indirectly relate
to or affect the Claims (including the ownership and existing or past uses thereof and the compliance with Laws of the lands comprising
the Claims) nor is Optionor1 aware of any facts which would lead Optionor to suspect that the same might be initiated
or threatened;

 

(k)The
activities directly or indirectly in relation to the Claims and use of the lands comprising the Claims by Optionor and, to the
best of Optionor’s knowledge, by any other person have been in compliance with all Laws and Optionor has not received any
notice nor is Optionor aware after reasonable inquiry of any sue breach or violation having been alleged; and

 

(l)
No environmental audit, assessment, study or test has been conducted in relation to the lands comprising the Claims by or on behalf
of Optionor nor is Optionor aware of any of the same having been conducted by or on behalf of any other person (including any
governmental authority).

 

    	Page 2 of 9

    	 

    

 

2.2
The representations and warranties contained in this section are provided for the exclusive benefit of Optionee and shall survive
the execution of this Agreement for a period of five years or until termination of the Option (as herein defined), whichever shall
first occur and Optionee shall be entitled to rely upon the same notwithstanding any independent investigations Optionee may make
or could have made at any time, unless specifically waived by Optionee. The breach of any representation, warranty or covenant
contained in this Agreement may be waived by Optionee, either in whole or in part, at any time without prejudice to Optionee’s
rights in respect of any other or continuing breach of the same or any other representation, warranty or covenant. No waiver by
Optionee of any breach of any representation, warranty or covenant shall be binding unless in writing. Any waiver shall be limited
to the specific purpose for which it is mentioned.

 

2.3
For the purposes of this Agreement, “Laws” means all federal, provincial, state, territorial, municipal or
local statutes, regulations and bylaws applicable to the parties hereto or to the Claims or to any activities thereon, including
all orders, notices, roles, decisions, guidelines, policies, directions, permits, approvals, licenses and similar authorizations
issued, rendered or imposed by any level of government including any ministry, department or administrative or regulatory agency
or authority.

 

3.
REPRESENTATIONS AND WARRANTIES BY OPTIONEE

 

Optionee
represents and warrants to Optionor that:

 

		(a)	Optionee
                                                                                                                                                                                                                                           is
                                                                                                                                                                                                                                           a
                                                                                                                                                                                                                                           company
                                                                                                                                                                                                                                           duly
                                                                                                                                                                                                                                           incorporated
                                                                                                                                                                                                                                           under
                                                                                                                                                                                                                                           the
                                                                                                                                                                                                                                           laws
                                                                                                                                                                                                                                           of
                                                                                                                                                                                                                                           the
                                                                                                                                                                                                                                           Province
                                                                                                                                                                                                                                           of
                                                                                                                                                                                                                                           British
                                                                                                                                                                                                                                           Columbia,
                                                                                                                                                                                                                                           Canada.
	 	 	 

		(b)	Optionee
                                                                                                                                                                                                                                             has
                                                                                                                                                                                                                                             the
                                                                                                                                                                                                                                             full
                                                                                                                                                                                                                                             power
                                                                                                                                                                                                                                             and
                                                                                                                                                                                                                                             capacity
                                                                                                                                                                                                                                             to
                                                                                                                                                                                                                                             enter
                                                                                                                                                                                                                                             into
                                                                                                                                                                                                                                             this
                                                                                                                                                                                                                                             Agreement
                                                                                                                                                                                                                                             and
                                                                                                                                                                                                                                             to
                                                                                                                                                                                                                                             carry
                                                                                                                                                                                                                                             out
                                                                                                                                                                                                                                             all
                                                                                                                                                                                                                                             the
                                                                                                                                                                                                                                             terms
                                                                                                                                                                                                                                             hereof;
                                                                                                                                                                                                                                             and
	 	 	 

		(c)	Optionee
                                                                                                                                                                                                                                             has
                                                                                                                                                                                                                                             full
                                                                                                                                                                                                                                             power
                                                                                                                                                                                                                                             and
                                                                                                                                                                                                                                             capacity
                                                                                                                                                                                                                                             to
                                                                                                                                                                                                                                             hold
                                                                                                                                                                                                                                             its
                                                                                                                                                                                                                                             Interest
                                                                                                                                                                                                                                             in
                                                                                                                                                                                                                                             the
                                                                                                                                                                                                                                             Claims,
                                                                                                                                                                                                                                             and
                                                                                                                                                                                                                                             to
                                                                                                                                                                                                                                             acquire
                                                                                                                                                                                                                                             and
                                                                                                                                                                                                                                             hold
                                                                                                                                                                                                                                             recorded
                                                                                                                                                                                                                                             title
                                                                                                                                                                                                                                             to
                                                                                                                                                                                                                                             the
                                                                                                                                                                                                                                             claims.

 

4.
SALE AND CLOSING

 

4.1
In consideration of Optionee agreeing to purchase 100% of the Claims:

 

		(i)	The
                                                                                                                                                                                                                  Optionee
                                                                                                                                                                                                                  will
                                                                                                                                                                                                                  pay
                                                                                                                                                                                                                  the
                                                                                                                                                                                                                  Optionor
                                                                                                                                                                                                                  $10,000
                                                                                                                                                                                                                  in
                                                                                                                                                                                                                  Canadian
                                                                                                                                                                                                                  Funds
                                                                                                                                                                                                                  within
                                                                                                                                                                                                                  7
                                                                                                                                                                                                                  days
                                                                                                                                                                                                                  of
                                                                                                                                                                                                                  the
                                                                                                                                                                                                                  signing
                                                                                                                                                                                                                  of
                                                                                                                                                                                                                  this
                                                                                                                                                                                                                  agreement
                                                                                                                                                                                                                  by
                                                                                                                                                                                                                  both
                                                                                                                                                                                                                  Parties.
	 	 	 

		(ii)	The
                                                                                                                                                                                                                      Parent
                                                                                                                                                                                                                      Company
                                                                                                                                                                                                                      of
                                                                                                                                                                                                                      the
                                                                                                                                                                                                                      Optionee
                                                                                                                                                                                                                      (Owlhead
                                                                                                                                                                                                                      Minerals
                                                                                                                                                                                                                      Corp.,
                                                                                                                                                                                                                      a
                                                                                                                                                                                                                      Nevada
                                                                                                                                                                                                                      Corporation)
                                                                                                                                                                                                                      will
                                                                                                                                                                                                                      transfer
                                                                                                                                                                                                                      or
                                                                                                                                                                                                                      issue
                                                                                                                                                                                                                      into
                                                                                                                                                                                                                      the
                                                                                                                                                                                                                      name
                                                                                                                                                                                                                      of
                                                                                                                                                                                                                      the
                                                                                                                                                                                                                      Optionor
                                                                                                                                                                                                                      or
                                                                                                                                                                                                                      his
                                                                                                                                                                                                                      assignee(s)
                                                                                                                                                                                                                      a
                                                                                                                                                                                                                      total
                                                                                                                                                                                                                      of
                                                                                                                                                                                                                      1,500,000
                                                                                                                                                                                                                      common
                                                                                                                                                                                                                      shares
                                                                                                                                                                                                                      (the
                                                                                                                                                                                                                      “Shares”)
                                                                                                                                                                                                                      restricted
                                                                                                                                                                                                                      pursuant
                                                                                                                                                                                                                      to
                                                                                                                                                                                                                      Rule
                                                                                                                                                                                                                      144
                                                                                                                                                                                                                      of
                                                                                                                                                                                                                      the
                                                                                                                                                                                                                      United
                                                                                                                                                                                                                      States
                                                                                                                                                                                                                      Securities
                                                                                                                                                                                                                      and
                                                                                                                                                                                                                      Exchange
                                                                                                                                                                                                                      Act
                                                                                                                                                                                                                      and
                                                                                                                                                                                                                      issued
                                                                                                                                                                                                                      pursuant
                                                                                                                                                                                                                      to
                                                                                                                                                                                                                      key
                                                                                                                                                                                                                      events
                                                                                                                                                                                                                      as
                                                                                                                                                                                                                      follows:
	 	 	 

		1.	150,000
                                                                                                                                                                                                                                            shares
                                                                                                                                                                                                                                            issued
                                                                                                                                                                                                                                            in
                                                                                                                                                                                                                                            the
                                                                                                                                                                                                                                            name
                                                                                                                                                                                                                                            of
                                                                                                                                                                                                                                            the
                                                                                                                                                                                                                                            Optionor
                                                                                                                                                                                                                                            or
                                                                                                                                                                                                                                            his
                                                                                                                                                                                                                                            assignees
                                                                                                                                                                                                                                            upon
                                                                                                                                                                                                                                            the
                                                                                                                                                                                                                                            completion
                                                                                                                                                                                                                                            of
                                                                                                                                                                                                                                            a
                                                                                                                                                                                                                                            satisfactory
                                                                                                                                                                                                                                            initial
                                                                                                                                                                                                                                            geological
                                                                                                                                                                                                                                            report
                                                                                                                                                                                                                                            on
                                                                                                                                                                                                                                            the
                                                                                                                                                                                                                                            claims
                                                                                                                                                                                                                                            by
                                                                                                                                                                                                                                            a
                                                                                                                                                                                                                                            qualified
                                                                                                                                                                                                                                            and
                                                                                                                                                                                                                                            independent
                                                                                                                                                                                                                                            geologist
                                                                                                                                                                                                                                            engaged
                                                                                                                                                                                                                                            by
                                                                                                                                                                                                                                            the
                                                                                                                                                                                                                                            Optionee.
	 	 	 

		2.	150,000
                                                                                                                                                                                                                                             shares
                                                                                                                                                                                                                                             issued
                                                                                                                                                                                                                                             in
                                                                                                                                                                                                                                             the
                                                                                                                                                                                                                                             name
                                                                                                                                                                                                                                             of
                                                                                                                                                                                                                                             the
                                                                                                                                                                                                                                             Optionor
                                                                                                                                                                                                                                             or
                                                                                                                                                                                                                                             his
                                                                                                                                                                                                                                             assignees
                                                                                                                                                                                                                                             upon
                                                                                                                                                                                                                                             completion
                                                                                                                                                                                                                                             of
                                                                                                                                                                                                                                             initial
                                                                                                                                                                                                                                             work
                                                                                                                                                                                                                                             program
                                                                                                                                                                                                                                             of
                                                                                                                                                                                                                                             up
                                                                                                                                                                                                                                             to
                                                                                                                                                                                                                                             $50,000
                                                                                                                                                                                                                                             and
                                                                                                                                                                                                                                             the
                                                                                                                                                                                                                                             completion
                                                                                                                                                                                                                                             of
                                                                                                                                                                                                                                             a
                                                                                                                                                                                                                                             satisfactory
                                                                                                                                                                                                                                             43-101
                                                                                                                                                                                                                                             report
                                                                                                                                                                                                                                             on
                                                                                                                                                                                                                                             the
                                                                                                                                                                                                                                             claims
                                                                                                                                                                                                                                             conducted
                                                                                                                                                                                                                                             or
                                                                                                                                                                                                                                             supervised
                                                                                                                                                                                                                                             by
                                                                                                                                                                                                                                             a
                                                                                                                                                                                                                                             qualified
                                                                                                                                                                                                                                             and
                                                                                                                                                                                                                                             independent
                                                                                                                                                                                                                                             geologist.
	 	 	 

		3.	200,000
                                                                                                                                                                                                                                             shares
                                                                                                                                                                                                                                             issued
                                                                                                                                                                                                                                             in
                                                                                                                                                                                                                                             the
                                                                                                                                                                                                                                             name
                                                                                                                                                                                                                                             of
                                                                                                                                                                                                                                             the
                                                                                                                                                                                                                                             Optionor
                                                                                                                                                                                                                                             or
                                                                                                                                                                                                                                             his
                                                                                                                                                                                                                                             assignees
                                                                                                                                                                                                                                             upon
                                                                                                                                                                                                                                             the
                                                                                                                                                                                                                                             completion
                                                                                                                                                                                                                                             of
                                                                                                                                                                                                                                             a
                                                                                                                                                                                                                                             work
                                                                                                                                                                                                                                             program
                                                                                                                                                                                                                                             costing
                                                                                                                                                                                                                                             up
                                                                                                                                                                                                                                             to
                                                                                                                                                                                                                                             $200,000
                                                                                                                                                                                                                                             showing
                                                                                                                                                                                                                                             satisfactory
                                                                                                                                                                                                                                             results
                                                                                                                                                                                                                                             on
                                                                                                                                                                                                                                             the
                                                                                                                                                                                                                                             claims
                                                                                                                                                                                                                                             by
                                                                                                                                                                                                                                             a
                                                                                                                                                                                                                                             qualified
                                                                                                                                                                                                                                             and
                                                                                                                                                                                                                                             independent
                                                                                                                                                                                                                                             geologist
                                                                                                                                                                                                                                             engaged
                                                                                                                                                                                                                                             by
                                                                                                                                                                                                                                             the
                                                                                                                                                                                                                                             Optionee.
	 	 	 

		4.	1,000,000
                                                                                                                                                                                                                                             shares
                                                                                                                                                                                                                                             issued
                                                                                                                                                                                                                                             in
                                                                                                                                                                                                                                             the
                                                                                                                                                                                                                                             name
                                                                                                                                                                                                                                             of
                                                                                                                                                                                                                                             the
                                                                                                                                                                                                                                             Optionor
                                                                                                                                                                                                                                             or
                                                                                                                                                                                                                                             his
                                                                                                                                                                                                                                             assignees
                                                                                                                                                                                                                                             upon
                                                                                                                                                                                                                                             the
                                                                                                                                                                                                                                             upon
                                                                                                                                                                                                                                             successful
                                                                                                                                                                                                                                             results
                                                                                                                                                                                                                                             of
                                                                                                                                                                                                                                             a
                                                                                                                                                                                                                                             ten
                                                                                                                                                                                                                                             hole
                                                                                                                                                                                                                                             drilling
                                                                                                                                                                                                                                             program.
	 	 	 

		(iii)	It
                                                                                                                                                                                                                              is
                                                                                                                                                                                                                              understood
                                                                                                                                                                                                                              and
                                                                                                                                                                                                                              agreed
                                                                                                                                                                                                                              that
                                                                                                                                                                                                                              all
                                                                                                                                                                                                                              certificate(s)
                                                                                                                                                                                                                              representing
                                                                                                                                                                                                                              the
                                                                                                                                                                                                                              Shares
                                                                                                                                                                                                                              shall
                                                                                                                                                                                                                              be
                                                                                                                                                                                                                              placed
                                                                                                                                                                                                                              in
                                                                                                                                                                                                                              trust
                                                                                                                                                                                                                              with
                                                                                                                                                                                                                              the
                                                                                                                                                                                                                              law
                                                                                                                                                                                                                              firm
                                                                                                                                                                                                                              of
                                                                                                                                                                                                                              Dieterich
                                                                                                                                                                                                                              and
                                                                                                                                                                                                                              Associates,
                                                                                                                                                                                                                              11835
                                                                                                                                                                                                                              W.
                                                                                                                                                                                                                              Olympic
                                                                                                                                                                                                                              Boulevard,
                                                                                                                                                                                                                              Suite
                                                                                                                                                                                                                              1235E,
                                                                                                                                                                                                                              Los
                                                                                                                                                                                                                              Angeles,
                                                                                                                                                                                                                              California
                                                                                                                                                                                                                              90064
                                                                                                                                                                                                                              until
                                                                                                                                                                                                                              the
                                                                                                                                                                                                                              sum
                                                                                                                                                                                                                              of
                                                                                                                                                                                                                              US$500,000
                                                                                                                                                                                                                              has
                                                                                                                                                                                                                              been
                                                                                                                                                                                                                              raised
                                                                                                                                                                                                                              by
                                                                                                                                                                                                                              the
                                                                                                                                                                                                                              Optionee
                                                                                                                                                                                                                              or
                                                                                                                                                                                                                              until
                                                                                                                                                                                                                              the
                                                                                                                                                                                                                              Optionee
                                                                                                                                                                                                                              agrees
                                                                                                                                                                                                                              in
                                                                                                                                                                                                                              writing
                                                                                                                                                                                                                              to
                                                                                                                                                                                                                              release
                                                                                                                                                                                                                              the
                                                                                                                                                                                                                              certificates
                                                                                                                                                                                                                              directly
                                                                                                                                                                                                                              to
                                                                                                                                                                                                                              the
                                                                                                                                                                                                                              Optionor.

 

    	Page 3 of 9

    	 

    

 

		(iv)	Net
                                                                                                                                                                                                                      Smelter
                                                                                                                                                                                                                      Return:
                                                                                                                                                                                                                      upon
                                                                                                                                                                                                                      the
                                                                                                                                                                                                                      Optionee
                                                                                                                                                                                                                      Earning
                                                                                                                                                                                                                      100%
                                                                                                                                                                                                                      legal
                                                                                                                                                                                                                      and
                                                                                                                                                                                                                      beneficial
                                                                                                                                                                                                                      interest
                                                                                                                                                                                                                      in
                                                                                                                                                                                                                      the
                                                                                                                                                                                                                      Claims,
                                                                                                                                                                                                                      John
                                                                                                                                                                                                                      Kemp
                                                                                                                                                                                                                      shall
                                                                                                                                                                                                                      be
                                                                                                                                                                                                                      entitled
                                                                                                                                                                                                                      to
                                                                                                                                                                                                                      a
                                                                                                                                                                                                                      2.5%
                                                                                                                                                                                                                      net
                                                                                                                                                                                                                      smelter
                                                                                                                                                                                                                      return
                                                                                                                                                                                                                      royalty
                                                                                                                                                                                                                      (the
                                                                                                                                                                                                                      NSR
                                                                                                                                                                                                                      Royalty)
                                                                                                                                                                                                                      on
                                                                                                                                                                                                                      the
                                                                                                                                                                                                                      production
                                                                                                                                                                                                                      from
                                                                                                                                                                                                                      the
                                                                                                                                                                                                                      Claims.
	 	 	 

		(v)	The
                                                                                                                                                                                                                     Optionee
                                                                                                                                                                                                                     retains
                                                                                                                                                                                                                     the
                                                                                                                                                                                                                     right
                                                                                                                                                                                                                     to
                                                                                                                                                                                                                     purchase
                                                                                                                                                                                                                     the
                                                                                                                                                                                                                     NSR
                                                                                                                                                                                                                     Royalty
                                                                                                                                                                                                                     for
                                                                                                                                                                                                                     the
                                                                                                                                                                                                                     sum
                                                                                                                                                                                                                     of
                                                                                                                                                                                                                     one
                                                                                                                                                                                                                     million
                                                                                                                                                                                                                     dollars
                                                                                                                                                                                                                     in
                                                                                                                                                                                                                     US
                                                                                                                                                                                                                     Funds(US$1,000,000).
	 	 	 

		(vi)	Closing
                                                                                                                                                                                                                      will
                                                                                                                                                                                                                      occur
                                                                                                                                                                                                                      when
                                                                                                                                                                                                                      the
                                                                                                                                                                                                                      Shares
                                                                                                                                                                                                                      are
                                                                                                                                                                                                                      delivered
                                                                                                                                                                                                                      to
                                                                                                                                                                                                                      the
                                                                                                                                                                                                                      Optionor
                                                                                                                                                                                                                      or
                                                                                                                                                                                                                      his
                                                                                                                                                                                                                      assignee(s)
	 	 	 

		(vii)	All
                                                                                                                                                                                                                       Claims
                                                                                                                                                                                                                       optioned
                                                                                                                                                                                                                       by
                                                                                                                                                                                                                       the
                                                                                                                                                                                                                       Optionee
                                                                                                                                                                                                                       will
                                                                                                                                                                                                                       revert
                                                                                                                                                                                                                       back
                                                                                                                                                                                                                       to
                                                                                                                                                                                                                       the
                                                                                                                                                                                                                       Optionor
                                                                                                                                                                                                                       if
                                                                                                                                                                                                                       the
                                                                                                                                                                                                                       Claims
                                                                                                                                                                                                                       are
                                                                                                                                                                                                                       dropped
                                                                                                                                                                                                                       by
                                                                                                                                                                                                                       the
                                                                                                                                                                                                                       Optionee.
	 	 	 

		(viii)	Should
                                                                                                                                                                                                                        the
                                                                                                                                                                                                                        claims
                                                                                                                                                                                                                        owned
                                                                                                                                                                                                                        by
                                                                                                                                                                                                                        the
                                                                                                                                                                                                                        Optionor
                                                                                                                                                                                                                        as
                                                                                                                                                                                                                        noted
                                                                                                                                                                                                                        in
                                                                                                                                                                                                                        Paragraph
                                                                                                                                                                                                                        4.1
                                                                                                                                                                                                                        v)
                                                                                                                                                                                                                        be
                                                                                                                                                                                                                        returned
                                                                                                                                                                                                                        by
                                                                                                                                                                                                                        the
                                                                                                                                                                                                                        Optionee
                                                                                                                                                                                                                        to
                                                                                                                                                                                                                        the
                                                                                                                                                                                                                        Optionor,
                                                                                                                                                                                                                        all
                                                                                                                                                                                                                        shares
                                                                                                                                                                                                                        issued
                                                                                                                                                                                                                        in
                                                                                                                                                                                                                        the
                                                                                                                                                                                                                        name
                                                                                                                                                                                                                        of
                                                                                                                                                                                                                        the
                                                                                                                                                                                                                        Optionor
                                                                                                                                                                                                                        or
                                                                                                                                                                                                                        his
                                                                                                                                                                                                                        assignees
                                                                                                                                                                                                                        shall
                                                                                                                                                                                                                        be
                                                                                                                                                                                                                        returned
                                                                                                                                                                                                                        to
                                                                                                                                                                                                                        Owlhead
                                                                                                                                                                                                                        Minerals
                                                                                                                                                                                                                        Corp.
                                                                                                                                                                                                                        for
                                                                                                                                                                                                                        cancellation.
	 	 	 

		(ix)	It
                                                                                                                                                                                                                      is
                                                                                                                                                                                                                      further
                                                                                                                                                                                                                      understood
                                                                                                                                                                                                                      and
                                                                                                                                                                                                                      agreed
                                                                                                                                                                                                                      that
                                                                                                                                                                                                                      all
                                                                                                                                                                                                                      shares
                                                                                                                                                                                                                      issued
                                                                                                                                                                                                                      and
                                                                                                                                                                                                                      subsequently
                                                                                                                                                                                                                      delivered
                                                                                                                                                                                                                      to
                                                                                                                                                                                                                      the
                                                                                                                                                                                                                      Optionor
                                                                                                                                                                                                                      and
                                                                                                                                                                                                                      all
                                                                                                                                                                                                                      shares
                                                                                                                                                                                                                      held
                                                                                                                                                                                                                      by
                                                                                                                                                                                                                      Insiders
                                                                                                                                                                                                                      of
                                                                                                                                                                                                                      the
                                                                                                                                                                                                                      Optionee
                                                                                                                                                                                                                      will
                                                                                                                                                                                                                      be
                                                                                                                                                                                                                      subject
                                                                                                                                                                                                                      to
                                                                                                                                                                                                                      a
                                                                                                                                                                                                                      Lockup
                                                                                                                                                                                                                      Agreement
                                                                                                                                                                                                                      attached
                                                                                                                                                                                                                      hereto
                                                                                                                                                                                                                      as
                                                                                                                                                                                                                      Schedule
                                                                                                                                                                                                                      B.

 

4.2

 

		(i)	Optionor hereby grants to Optionee
the sole, exclusive and irrevocable one hundred percent (100%) interest, with certain stipulations as outline in section 4.1 (iii)
,in the Claims free and clear of any liens, charges and encumbrances (the “Option”).

 

The
Optionee’s responsibilities are as follows:

 

	(a)		to determine the existence,
location, extent or quality of a mineral resource on the Property;
	 	 	 
	(b)		to
                                                                                                                                                                                                                                           carry
                                                                                                                                                                                                                                           out
                                                                                                                                                                                                                                           any
                                                                                                                                                                                                                                           survey
                                                                                                                                                                                                                                           or
                                                                                                                                                                                                                                           do
                                                                                                                                                                                                                                           any
                                                                                                                                                                                                                                           geophysical,
                                                                                                                                                                                                                                           geochemical
                                                                                                                                                                                                                                           or
                                                                                                                                                                                                                                           geological
                                                                                                                                                                                                                                           work
                                                                                                                                                                                                                                           or
                                                                                                                                                                                                                                           drilling,
                                                                                                                                                                                                                                           assaying,
                                                                                                                                                                                                                                           testing
                                                                                                                                                                                                                                           or
                                                                                                                                                                                                                                           bulk
                                                                                                                                                                                                                                           sampling
                                                                                                                                                                                                                                           on
                                                                                                                                                                                                                                           the
                                                                                                                                                                                                                                           Claims;
	 	 	 
	(c)		to pay for taxes, fees, charges,
rentals
	 	 	 
	(d)		to
                                                                                                                                                                                                                                           pay
                                                                                                                                                                                                                                           the
                                                                                                                                                                                                                                           fees,
                                                                                                                                                                                                                                           wages,
                                                                                                                                                                                                                                           salaries,
                                                                                                                                                                                                                                           traveling
                                                                                                                                                                                                                                           expenses
                                                                                                                                                                                                                                           and
                                                                                                                                                                                                                                           fringe
                                                                                                                                                                                                                                           benefits
                                                                                                                                                                                                                                           of
                                                                                                                                                                                                                                           persons
                                                                                                                                                                                                                                           engaged
                                                                                                                                                                                                                                           by
                                                                                                                                                                                                                                           the
                                                                                                                                                                                                                                           Optionee
                                                                                                                                                                                                                                           to
                                                                                                                                                                                                                                           conduct
                                                                                                                                                                                                                                           geological
                                                                                                                                                                                                                                           work
                                                                                                                                                                                                                                           in
                                                                                                                                                                                                                                           respect
                                                                                                                                                                                                                                           of
                                                                                                                                                                                                                                           or
                                                                                                                                                                                                                                           for
                                                                                                                                                                                                                                           the
                                                                                                                                                                                                                                           benefit
                                                                                                                                                                                                                                           of
                                                                                                                                                                                                                                           the
                                                                                                                                                                                                                                           Claims
                                                                                                                                                                                                                                           or
                                                                                                                                                                                                                                           any
                                                                                                                                                                                                                                           portion
                                                                                                                                                                                                                                           thereof
                                                                                                                                                                                                                                           and
                                                                                                                                                                                                                                           in
                                                                                                                                                                                                                                           paying
                                                                                                                                                                                                                                           for
                                                                                                                                                                                                                                           the
                                                                                                                                                                                                                                           food,
                                                                                                                                                                                                                                           lodging
                                                                                                                                                                                                                                           and
                                                                                                                                                                                                                                           other
                                                                                                                                                                                                                                           reasonable
                                                                                                                                                                                                                                           needs
                                                                                                                                                                                                                                           of
                                                                                                                                                                                                                                           such
                                                                                                                                                                                                                                           persons.

 

5.
POSSESSION OF CLAIMS

 

Optionee
shall:

 

(a)
have the sole and exclusive possession, supervision, management and control of the Claims including any access, water, surface
or other rights appurtenant thereto or associated therewith with full power and authority to its servants, agents and contractors
to sample, survey, examine, diamond drill, prospect, explore, and do other investigative work on the Claims in search of minerals
in such manner as Optionee may in its sole discretion determine, including the right to erect, bring and install thereon and remove
therefrom all such buildings, machinery, equipment and supplies as Optionee shall deem reasonable and proper and to remove therefrom
reasonable quantities of ores, minerals or metals for assay and testing purposes; and

 

(b)
Conduct all work on the Claims in a good and miner-like fashion in accordance with recognized engineering practices and in accordance
with all applicable Laws.

 

    	Page 4 of 9

    	 

    

 

6.
EXECUTION AND DELIVERY OF TRANSFERS

 

6.1
Within 30 days after executing this agreement, Optionor shall forthwith execute good and sufficient recordable transfers of title
to the Claims in favor of Optionee and shall deliver same IN TRUST to the law firm of Dieterich and Associates, 11835 W. Olympic
Boulevard, Suite 1235E, Los Angeles, California 90064 to together with such supporting documentation as may be necessary to record
such transfers.

 

7.
NO ENCUMBRANCE OR TRANSFER OF CLAIMS

 

Optionor
shall not:

 

	(a)		mortgage, hypothecate, charge
or otherwise encumber; or
	 	 	 

	(b)		sell,
                                                                                                                                                                                                                                       assign,
                                                                                                                                                                                                                                       transfer
                                                                                                                                                                                                                                       or
                                                                                                                                                                                                                                       otherwise
                                                                                                                                                                                                                                       dispose
                                                                                                                                                                                                                                       of
                                                                                                                                                                                                                                       its
                                                                                                                                                                                                                                       interest
                                                                                                                                                                                                                                       in
                                                                                                                                                                                                                                       or
                                                                                                                                                                                                                                       title
                                                                                                                                                                                                                                       to
                                                                                                                                                                                                                                       the
                                                                                                                                                                                                                                       Claims
                                                                                                                                                                                                                                       except
                                                                                                                                                                                                                                       to
                                                                                                                                                                                                                                       the
                                                                                                                                                                                                                                       Optionee.

 

8.
MAINTENANCE AND ABANDONMENT OF THE CLAIMS

 

8.1
The Optionee shall maintain the Claims in good standing during the
currency of its Option and, if the Option is terminated prior to its exercise, the Claims shall be transferred to the Optionor
and shall be in good standing for a period of one year thereafter. The Optionee shall, within ninety (90) days of transferring
the Claims to the Optionor as a result of a non-exercise of the Option deliver at no cost to Optionor all reports, maps, assay
results and other relevant technical data compiled by or in the possession of Optionee with respect to the Claims not theretofore
furnished to Optionor.

 

8.2
The Optionee shall be responsible and hold the Optionor harmless
for all environmental liabilities incurred or created by the Optionee’s activities during the currency of the Option, and
if the Claims are transferred to the Optionor, they shall be in a safe and orderly condition, free and clear of all liens, charges
or encumbrances arising from Optionee’s operations.

 

9.
ARBITRATION

 

9.1
All disputes which arise between the parties hereto in connection with this Agreement which, in the opinion of either party,
cannot be resolved informally between them, shall be settled by arbitration pursuant to the provisions of the Arbitrations
Act of the Province of British Columbia, Canada, except as otherwise provided in this section. Any party desiring arbitration
shall make a written demand for the same and within thirty (30) days after such written demand is received by the other
party, the parties hereto shall agree upon and appoint a single arbitrator. In the event the parties shall fail to agree upon
and appoint a single arbitrator within the time period set forth herein, each party shall within seven (7) days thereafter
designate an arbitrator and both arbitrators shall within thirty (30) days after their designation, jointly designate a third
arbitrator satisfactory to them who shall be chairman of the arbitration panel. If a party fails to appoint an arbitrator or
the arbitrators designated by the parties are unable to agree upon the selection of the third arbitrator within the time
periods set forth above, such arbitrator shall be appointed by a Justice of the British Columbia Court. The expenses of the
arbitrators shall be paid as the arbitrators shall decide in the award. All arbitration proceedings shall be in the City of
Vancouver British Columbia, Canada, or elsewhere as the arbitrators shall decide. The decision of the arbitrators shall be
final and binding on the parties hereto and judgment upon any award rendered may be entered in any court of competent
jurisdiction.

 

    	Page 5 of 9

    	 

    

 

10.
AREA OF INFLUENCE

 

10.1
During the term of 12 months of the execution of this agreement of the Claims, if either party acquires by staking, claims, which
are in the same general area with the Claims, the newly acquired claims will be added to this agreement without modification to
payments or other commitments clauses. The Optionee will be responsible for reasonable staking costs incurred if agreed to in
advance in writing.

 

11.
FURTHER ASSURANCES

 

14.1
Each party hereto shall promptly do and provide all acts and things and shall promptly execute and deliver such deeds, bills of
sale, assignments, endorsements and instruments and evidences of transfer and other documents and shall give such further assurances
as shall be necessary or appropriate in connection with the performance of this Agreement.

 

12.
AMENDMENTS

 

No
alteration, amendment, modification or interpretation of any provision of this Agreement shall be binding unless in writing and
executed by each of the parties hereto.

 

13.
BUSINESS DAYS

 

In
the event that any date on or by which any payment is required to be made or any action is required to be taken hereunder by any
of the parties hereto is not a “Business Day”, being a day other than a Saturday, Sunday or a day on which banks in
the United States are generally authorized or obligated by law to close, such payment shall be required to be made or such action
shall be required to be taken on the next succeeding day which is a Business Day.

 

14. NOTICES

 

Any
notice, commitment, election, consent or any communication required or permitted to be given hereunder by either party hereto
to the other party, in any capacity (hereinafter called a “Notice”) shall be in writing and shall be deemed to have
been well and sufficiently given i mailed by prepaid registered mail return receipt requested, telefaxed or delivered, to the
address of such other party hereinafter set forth:

 

	If
    to Optionor:	John
    Kemp
	 	Box
    3114, Smithers,
	 	British
    Columbia Canada VOJ 2N0
	 	Email:
    teako@telus.net
	 	 
	If
    to Optionee:	Geoff
    Armstrong
	 	250
                                                                                                    H Street #123

        Blaine,
        WA USA 98230

        Fax
        Number: 866-417-3469

        Email:
        gja@kouzelnemesto.com

 

or
to such substitute address as such party may from time to time direct in writing, and any such notice shall be deemed to have
been received, if mailed, on the date noted on the return receipt, if telefaxed, on the first Business Day after the date of transmission,
and if delivered, upon the day of delivery.

 

    	Page 6 of 9

    	 

    

 

15.
SCHEDULES

 

all
Schedules attached to this Agreement are deemed to form part of this Agreement.

 

16.
COUNTERPARTS AND HEADINGS

 

This
Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all of which shall
constitute one and the same instrument. Section headings and subheadings are inserted for convenience only and are not to be taken
into account in interpreting this Agreement

 

17.
GOVERNING LAW

 

This
Agreement shall be governed by, and interpreted and construed in accordance with, the laws of the Province of British Columbia,
Canada.

 

18.
TIME OF ESSENCE

 

Time
shall be of the essence of this Agreement.

 

19.
ENUREMENT

 

This
Agreement shall ensure to and be binding upon the parties hereto and their respective successors and assigns.

 

20.
ENTIRE AGREEMENT

 

This
Agreement contains the entire understanding between the parties hereto dealing with the subject matter hereof and supersedes all
negotiations, correspondence, letters of intent, letters of agreement, and prior agreements or understandings relating thereto.

 

21.
SEVERABIUTY/LEGALITY

 

If
one or more provisions of this Agreement shall be invalid, illegal or unenforceable in any respect under any applicable Law, the
validity, legality and enforceability of the remaining terms or provisions hereof shall not be affected or impaired by reason
thereof.

 

22.
ASSIGNMENT

 

Optionee
may sell, assign, transfer or otherwise dispose of the whole or any part of its interest hereunder at any time upon notice to
Optionor, provided that any such sale, assignment, transfer or other disposition shall carry the rights, and shall delegate and
make the interest subject to, all the liabilities and obligations of Optionee under this Agreement. Each transferee of such interest
shall, by written agreement with and for the benefit of Optionor, assume and agree to pay and perform such liabilities and obligations.
Such assumption shall not serve to release or discharge Optionee from any of the said liabilities and obligations theretofore
accrued with respect to the interest or portion thereof being transferred, but shall release and discharge Optionee from all of
the said liabilities and obligations thereafter accruing with respect to the interest or portion thereof being transferred. Except
as previously set forth in this section, neither party may sell assign, transfer or otherwise dispose of its rights or obligations
hereunder without the prior consent of the other party, and any attempted sale, assignment, transfer or disposition without such
prior consent shall be null and void.

 

    	Page 7 of 9

    	 

    

 

23.
CONDITIONS PRECEDENT

 

This
Agreement shall be subject to an investigation by Optionee of the title and environmental condition of the Claims which shall
be satisfactory to Optionee, in its sole discretion, and without waiver of any rights it shall otherwise have in this regard arising
from Optionor’s representations and warranties, which investigation shall be completed as to title and as to environmental
condition within sixty (60) days from the date this Agreement is executed by both parties. Should such investigation not be acceptable
to Optionee, Optionee shall so advise Optionor and in such event, this Agreement shall terminate and the parties shall have no
further rights against or liabilities to one another except that Optionor shall immediately return to Optionee any option payments
in any form referred to in section 4 if the same has been made.

 

IN
WITNESS WHEREOF the parties hereto have caused this Agreement to be executed by their proper officers duly authorized in that
behalf.

 

Optionor

 

	By:	/s/
    John Kemp	 
	 	John
    Kemp	 

 

Optionee

 

	By:	/s/
    Edward Low	 
	 	Edward
    Low, President, Director	 
	 	Owlhead
                                                                                                    Minerals (BC) Corp.

        
	 

 

For
Owlhead Minerals Corp.

 

	By:	/s/
    Geoff Armstrong	 
	 	Geoff
    Armstrong, President, Director	 
	 	Owlhead
    Minerals Corp.	 

 

    	Page 8 of 9

    	 

    

 

Schedule
A

 

British
Columbia Property Claims List

 

	Claims
    License Number	 	Number
    of Claims	 	License
    Holder
	 	 	 	 	 
	1015035	 	16 Cells	 	John
    Kemp FMC# 113908

  

	/s/
    John Kern	 
	John
    Kern	 

 

    	Page 9 of 9

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