Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - Nord Resources Corp. - Exhibit 10.1

SETTLEMENT
AGREEMENT

BETWEEN:

NORD RESOURCES CORPORATION
1
Wetmore Road, Suite 203,

  Tucson, Arizona

(“NORD”)

AND:

NICHOLAS TINTOR
1466 Crescent
Road,

  Mississauga, Ontario

(“TINTOR”)

WHEREAS TINTOR was employed by NORD as President and
Chief Executive Officer from February 15, 2006 until August 21, 2006; 

AND WHEREAS TINTOR, through counsel, Sarah Wright, made
certain claims and allegations against NORD by letter of August 31, 2006; 

AND WHEREAS NORD denies liability to TINTOR as alleged
or at all;

AND WHEREAS TINTOR has served as a member of NORD’s
Board of Directors since February 15, 2006; and

AND WHEREAS NORD and TINTOR have agreed that it is in
the best interests of all concerned to resolve any and all claims and execute a
full and complete General Mutual Release of all claims quickly and amicably.

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NOW WITNESS FOR AND IN CONSIDERATION of the following
covenants contained herein the parties mutually agree as follows:

1.              NORD
  will pay TINTOR the gross sum of $233,000 U.S. (the “Settlement Amount”).

2.              
  The Settlement Amount referred to in section 1 will be paid in cash (except
  as described below in section 3) as follows :

(A) $70,000 U.S. will be paid to TINTOR
on or before October 31, 2006 on the condition that TINTOR delivers to NORD a
properly executed Settlement Agreement and Mutual General Release.

(B) The balance of $163,000 U.S. will
be paid within seven (7) days of the closing date of:

(i) a registered equity offering and/or
a debt project financing in which NORD raises not less than an aggregate amount
of $15 million U.S. (a “Financing”). The parties agree that for the purposes of
this provision Financing will include multiple transactions between October 1,
2006 and January 7, 2007 where the aggregate amount equals or exceeds $15
million U.S. or

(ii) a significant corporate
transaction (a “Significant Transaction”) in which

(A) any person (either alone or
together with all affiliates and associates of such person)any company(ies),
corporation(s) or any other business entity howsoever structured becomes the
beneficial owner, directly or indirectly, of 51% or more of NORD’s outstanding
common shares,

(B) there is a sale, lease, exchange or
other transfer (in one transaction or a series of transactions contemplated or
arranged by any party as a single plan) of all or substantially all of NORD’s
assets, or

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(C) ) there is a sale, lease, exchange
or other transfer (in one transaction or a series of transactions contemplated
or arranged by any party as a single plan) of NORD’s assets valued at $12
million U.S. or greater.

3.              Notwithstanding
  section 2(B), if NORD does not close a Financing or a Significant Transaction
  prior to January 7, 2007 (the “Determination Date”), then NORD will,
  subject to compliance with any and all securities laws, pay the balance of the
  Settlement Amount of $163,000 U.S. to TINTOR in fully paid and non-assessable
  shares of common stock (the “Settlement Shares”) with a deemed issue
  price per share equal to the volume weighted average price of NORD’s common
  stock during the ten trading days immediately preceding the Determination Date
  on the primary market on which NORD’s common stock may then be trading.
  TINTOR acknowledges that NORD’s common stock presently trade on the Pink
  Sheets, LLC, and that the Settlement Shares have not been and will not be registered
  under the Securities Act of 1933, as amended, or under any state securities
  laws.

4.              TINTOR
  will resign as a Director of the Board of NORD immediately upon execution of
  this Settlement Agreement.

5.              TINTOR
  agrees to execute any and all documents pertaining to the implementation of
  this Settlement Agreement including any regulatory and other such documents
  upon review and approval, which will not be unreasonably withheld.

6.              
  TINTOR has reviewed and approved the Form 8-K regarding the settlement, a copy
  of which is attached hereto as Appendix “A”. 

7.              Payment
  of the settlement sum is in full and final satisfaction of any and all claims
  of TINTOR with respect to NORD, its directors, officers and employees, including
  but not limited to any claims for options or any future issuance of shares other
  than as described herein. This Settlement Agreement, however, does not affect
  the shares of NORD common stock that are currently owned by TINTOR which will
  remain the property of TINTOR. 

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8.              In
  the event of a material and fundamental breach of this Settlement Agreement,
  TINTOR’s and NORD’s remedies are not limited to the breach of this
  Settlement Agreement. In the event of a material and fundamental breach of the
  Settlement Agreement, the parties may pursue whatever damage claims they wish,
  and their remedies and claims are not limited in any way notwithstanding any
  other provision in the Settlement Agreement, Mutual General Release or settlement
  documents necessary to effectuate the settlement. However, TINTOR may not pursue
  any damage claims beyond the terms of this Settlement Agreement unless and until
  he pays to NORD all money paid under this Settlement Agreement and returns to
  NORD all shares provided to TINTOR pursuant to this Settlement Agreement. TINTOR
  must elect either to be bound by the terms of this Settlement Agreement or choose
  to pursue other damage claims and must repay all monies paid under this Settlement
  Agreement and return all shares provided under this Settlement Agreement no
  later than March 1, 2007, failing which TINTOR’s rights will be governed
  by the terms of this Settlement Agreement, the Mutual General Release and other
  settlement documents necessary to effectuate the settlement. In the event that
  such damages are claimed, then TINTOR or NORD, as the case may be, relinquishes
  all rights under this Settlement Agreement and Mutual General Release.

9.              
The parties agree that the terms of their settlement and this Settlement
Agreement are strictly confidential and that they will not disclose such terms
to anyone at all, save (to the extent necessary) their professional advisors,
pursuant to an Order of a court of competent jurisdiction, pursuant to a
properly authorized request for information by a government agency or in
accordance with NORD’s or TINTOR’s regulatory obligations. 

10.              The
parties agree that neither of them will make derogatory or negative remarks
concerning the other, either directly or indirectly, whether orally or in
writing. 

11.              This
Agreement may be executed in several counterparts, each of which will be deemed
to be an original and all of which will together constitute one and the same
instrument.

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12.              
Delivery of an executed copy of this Agreement by electronic facsimile
transmission or other means of electronic communication capable of producing a
printed copy will be deemed to be execution and delivery of this Agreement as of
the date first above written.

IN WITNESS WHEREOF the parties have hereunto set their
  hands and seals this 29th day of September, 2006.

	Signed, Sealed and Delivered by Nicholas 	) 	  
	Tintor in the presence of: 	) 	  
	  	) 	  
	/s/ John
      Cook 	) 	  
	Witness (Signature) 	) 	/s/ Nicholas Tintor 
	  	) 	NICHOLAS TINTOR 
	John Cook 	) 	  
	Name (please print) 	) 	  
	  	) 	  
	330 Bay Street,
      Suite 1505 	) 	  
	Address 	) 	  
	Toronto, Ontario
      M5H 2S8 	) 	  
	City, Province 	) 	  
	  	) 	  
	Mining Engineer
	  	  
	Occupation 	  	  

	The Corporate Seal of 	) 	  
	NORD RESOURCES CORPORATION
    	) 	  
	was affixed in the presence of: 	) 	  
	  	) 	  
	  	) 	C/S 
	Per: 	/s/ Erland Anderson 	) 	  
		Authorized Signatory 	)Filed by Automated Filing Services Inc.               (604) 609-0244 - Nord Resources Corp.               - Exhibit 10.              2

MUTUAL GENERAL RELEASE

BETWEEN:

NORD RESOURCES CORPORATION
1 Wetmore Road, Suite
203,

  Tucson, Arizona

(“NORD”)

AND:

NICHOLAS TINTOR
1466 Crescent
Road,

  Mississauga, Ontario

(“TINTOR”)

WHEREAS NORD and TINTOR have agreed to a full and final
settlement of any and all differences between them upon the terms, covenants and
conditions contained in the attached Settlement Agreement dated September 29,
2006 and marked Appendix “A” to this Mutual General Release.               

NOW THEREFORE, in consideration of the terms, covenants and
conditions set out below, and for the other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, 

1.               TINTOR does hereby remise, release and forever discharge
NORD, its related companies, officers, directors, servants, employees and
agents, and their heirs, executors, administrators, successors and assigns (the
"First Releasees") or any of them, of and from any and all matter of actions,
causes of action, suits, contracts, claims and damages (whether known or
unknown), including but not limited to salary, non-salary benefits, vacation
pay, interest, 

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bonus, commissions, stock options or incentives, costs and
expenses of any nature or kind whatsoever, whether in law or in equity,
including, but not limited to, any and all claims under statute, whether arising
anywhere, including but not limited to British Columbia, Canada, Ontario, Canada
and Arizona, United States of America under any statutory regulations, including
but not limited to employment standards legislation, human rights legislation or
securities legislation, which as against NORD, the First Releasees or any of
them, TINTOR ever had, now has, or at any time hereafter can, shall or may have,
by reason of or arising out of any cause, matter or thing whatsoever and,
without limiting the generality of the foregoing, by reason of or arising out of
his employment as President and Chief Executive Officer of NORD or its
termination thereof or by reason of or arising out of TINTOR’s position as a
member of the Board of Directors of NORD.              

2.               NORD does hereby remise, release and forever discharge
TINTOR, his agents, servants, heirs, executors, administrators, successors and
assigns (the "Second Releasees") or any of them, of and from any and all matter
of actions, causes of action, suits, contracts, claims, damages, costs and
expenses of any nature or kind whatsoever, whether in law or in equity (whether
known or unknown), including but not limited to any and all claims under
statute, whether arising anywhere including but not limited to British Columbia,
Canada, Ontario, Canada and Arizona, United States which as against TINTOR, the
Second Releasees or any of them, NORD ever had, now has, or at any time
hereafter can, shall or may have, by reason of or arising out of any cause,
matter or thing whatsoever without limiting the generality of the foregoing, by
reason of or arising out of TINTOR’s employment with NORD or its termination or
by reason of or arising out of TINTOR’s position as a member of the Board of
Directors of NORD.              

3.               TINTOR shall not make any further claims or take any
proceedings whatsoever against NORD, the First Releasees or any of them, or
against any other person, company, corporation or other legal entity who might
claim contribution or indemnity from NORD, the 

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First Releasees or any of them, in respect of matters which are
the subject matter of the Settlement Agreement or this Mutual General
Release.              

4.               NORD shall not make any further claims or take any
proceedings whatsoever against TINTOR, the Second Releasees or any of them, or
against any other person, company, corporation or other legal entity who might
claim contribution or indemnity from TINTOR, the Second Releasees or any of
them, in respect of matters which are the subject matter of the Settlement
Agreement or this Mutual General Release.               

5.               It is understood and agreed that the Settlement Agreement
represents a compromise of disputed claims, and that nothing contained in this
Mutual General Release or the Settlement Agreement should be construed or
considered as an admission of liability or wrongdoing on the part of TINTOR,
NORD, the First Releasees, the Second Releasees or any of them which liability
is specifically denied.              

6.               It is further expressly understood and agreed and the
parties acknowledge that the facts in respect of which the Settlement Agreement
and this Mutual General Release of all claims is made may prove to be other than
or different from the facts now known by any of the parties or any one or more
of them or believed by any of them to be true.               The parties expressly accept and
assume the risk of the facts being different and agree that all of the terms of
the Settlement Agreement and Mutual General Release shall be in all respects
effective and not subject to termination or recession by any discovery of any
differences in the facts.               

7.               The Settlement Agreement and this Mutual General Release
contain the entire agreement between the parties regarding their settlement.               The
terms are contractual and not a recital.              

8.               The parties hereby represent and declare that they have
personally read and understand the Settlement Agreement and this Mutual General
Release, and have obtained legal advice regarding its contents.              

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9.               The parties agree that the interpretation and application of
the Settlement Agreement and this Mutual General Release including the venue of
any disputes will be governed by the laws of Arizona, United States of America.              

IN WITNESS WHEREOF the parties have hereunto set their
  hands and seals this 29th day of September, 2006.

	Signed, Sealed and Delivered by
      Nicholas 	) 	  
	Tintor in the presence of: 	) 	  
	  	) 	  
	  	) 	  
	/s/ John Cook 	) 	/s/ Nicholas Tintor 
	Witness (Signature) 	) 	NICHOLAS TINTOR 
	  	) 	  
	John
      Cook 	) 	  
	Name (please print) 	) 	  
	330
      Bay Street, Suite 1505 	) 	  
	Address 	) 	  
	  	) 	  
	Toronto, Ontario M5H 2S8 	) 	  
	City, Province 	) 	  
	  	) 	  
	Mining Engineer 	) 	  
	Occupation 	) 	  

 

	The Corporate Seal of 	) 	  
	NORD RESOURCES CORPORATION 	) 	  
	was affixed in the presence of: 	) 	  
	  	) 	  
	  	) 	C/S 
	Per: 	/s/ Erland Anderson 	) 	  
		Authorized Signatory 	)

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