Document:

Xtra-Gold Resources Corp.: Exhibit 10.66 - Filed by newsfilecorp.com

Exhibit 10.66 

	DISCOVERY GOLD GHANA 
LIMITED 
Hs #
      D3/22 Ashongman Estates, Accra, Ghana 

May 13, 2011 

Xtra-Gold Exploration Limited 
P.O. Box CT5239

Cantonments 
Accra, Ghana 

ATTENTION: James Longshore 

LETTER OF INTENT 

Dear Sirs: 

RE: To Assign and Transfer Xtra-Gold Exploration Limited,
Option Agreement on the Edum Banso Concession in Ghana 

Further to our recent negotiations regarding the above
referenced matter, this Letter of Intent will serve to confirm the principal
elements of the agreement achieved between us. 

	1. 	
      Option:

	 	 
		
      Discovery Gold Ghana Limited (“Discovery”) would like to
      acquire Xtra-Gold Exploration Limited (“Xtra-Gold”) rights under the
      Option Agreement (the “Option”) to earn a 100% interest in the mineral
      rights of the Edum Banso Concession, in Ghana.

	 	 
		
      Xtra-Gold entered into an Option with Adom Mining Limited
      (“Adom”), who is the registered owner of the Concession. Xtra-Gold has the
      right to assign and transfer the Option to any third party.

	 	 
	2. 	
      Terms of Assigning/Transferring the
      Option:

	 	(a) 	
      Xtra-Gold shall grant to Discovery the right to earn 100%
      interest in the Option from Xtra-Gold in the Concessions, in consideration
      of and upon the terms set out below;

	 	 	 
	 	(b) 	
      Discovery accepts all the terms and conditions and
      Amendments of the Option that Xtra-Gold entered into with
  Adom;

	 	(c) 	
      In order to acquire the 100% interest in Xtra-Gold’s
      Option of the Concessions, Discovery shall complete the
  following:

	 	(i) 	
      remit cash payments by wire to Xtra-Gold Resource Corp.
      in the total amount of US$250,000, consisting US$100,000 on July 13, 2011,
      and the balance of US$125,000 on November 13, 2011;

	 	 	 
	 	(ii) 	
      Xtra-Gold acknowledges that they have already received a
      non-refundable deposit/payment of US$25,000;

	 	 	 
	 	(iii) 	
      issue 5.71% of the common shares outstanding in Discovery
      Gold Ghana Limited to Xtra-Gold Resource Corp. on May 13,
  2011.

	3. 	
      Access to:

	 	(a) 	
      Information:

Upon the execution of this Letter of
Intent, Xtra-Gold provide to Discovery reasonable access to all information,
documents, geological data, in its possession and control with respect to the
Concessions. 

	 	(b) 	
      Property

		
      Upon the execution of this Letter of Intent, Xtra-Gold
      will permit Discovery all reasonable access to the Concessions.

	 	 
	4. 	
      Press Release:

	 	 
		
      All press releases regarding the Letter of Intent shall
      be subject to prior approval by Xtra- Gold, and shall respond to such a
      request for approval within three business days of notice
  thereof.

	 	 
	5. 	
      Governed by the Laws:

	 	 
		
      The Letter of Intent shall be governed by the laws of the
      Republic of Ghana.

	 	 
	6. 	
      Definitive Agreement:

	 	 
		
      Xtra-Gold will be responsible for preparation of all the
      formal documentation required for assignment and transferring the Option
      to Discovery, and cost. This Definitive Agreement will need to be prepared
      and approved by our Ghanaian Legal Counsel.

	 	 
	7. 	
      Risks:

	 	 
		
      Discovery understands and accepts the following risks
      associated with mineral prospecting licences in
Ghana:

(a) The new Option Agreement will need
approval from the Minister of Lands, Forests and Mines. This approval took
Xtra-Gold approximately 12 months. Generally the approval process should be 2-3
months, if Discovery does aggressive follow ups with Minerals Commission.
Xtra-Gold makes no commitments or guarantees on the approval or the timing of
such approval. However, the Minister approval is standard under the mining laws.

(b) There are work commitments required
on the property each year, to advance the project. At the end of each year these
work reports are submitted to Minerals Commission (“MC”) in the form called
Terminal Report. The company can be asked to shed half the land position, at the
renewal. Xtra-Gold recently submitted a Terminal Report, and was just granted a
1 year extension by MC. No shedding was required this year. However, Xtra-Gold
cannot make any guarantees that Discovery wil not be requested to shed in the
future. 

	8. 	
      Arbitration:

	 	 
		
      Any disputes under this Agreement shall be submitted to
      binding arbitration consisting of a panel of three arbitrators, one
      arbitrator appointed by each of the parties with a third arbitrator
      appointed by the parties’ two designated arbitrators, with all costs of
      such arbitrator to be borne by the unsuccessful party(ies).

	 	 
	9. 	
      Finder Fee:

	 	 
		
      Haywood Securities Inc. will receive a US$25,000 finder
      fee, upon successful closing of this Definitive Agreement, which is the
      responsibility of Xtra-Gold.

Should you agree that this Letter of Intent accurately recites
the principal elements of the agreement reached between us, please sign the
duplicate copy and return it to our offices immediately by telefax with original
to follow by courier. 

Yours very truly, 

Discovery Gold Ghana Limited 

Per: 

/s/ Donald
Ross                          
 
Donald Ross General Manager 

Agreement with the terms recited herein is hereby acknowledged
this 20th day of May, 2011: 

Xtra-Gold Exploration Limited 

Per: 

/s/ James
Longshore                      

May 20, 2011 
James Longshore General Manager 

Xtra-Gold Resources Corp. 

Per: 

/s/ Paul
Zyla                                   

Paul Zyla PresidentXtra-Gold Resources Corp.: Exhibit 10.67 - Filed by newsfilecorp.com

Exhibit 10.67 

 

2011 STOCK OPTION PLAN OPTION
AGREEMENT 

This Option Agreement is entered into between Xtra-Gold
Resources Corp. (the “Corporation”) and the Optionee named below pursuant
to the Xtra-Gold Resources Corp. 2011 Stock Option Plan (the “Plan”).
This Agreement witnesses that in consideration of the covenants and agreements
herein contained and such other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto covenant and
agree as set forth and confirms that: 

	on June 10, 2011 	(the “Grant Date”) 
	JAMES H. SCHWEITZER 	(the “Optionee”) 

was granted nonqualified options (the
“Options”) to purchase 108,000 shares of common stock (the
“Option Shares”) of the Corporation, exercisable on a cumulative basis,
at a price (the “Exercise Price”) of US$1.85 per Option
Share; and for a term of 3 years (the “Option Period”) expiring at
5:00 p.m. (Toronto time) on June 10, 2014 (the “Expiry Date”).

The options granted in accordance with the above terms are
subject to vesting as follows: 

	Pro Rata
      Portion of Options to Vest 	Vesting Period 
	  	 
	3,000 	on the 10th day of
      each month of the 36 months of the Option Period following the
      Grant Date 
from July 10, 2011
      
to     June 10, 2014

This Option Agreement is subject to the terms set out in, and
in accordance with, the Plan. By signing this Option Agreement, the Optionee
acknowledges having read and understands the Plan and accepts the Options in
accordance with the terms and conditions of the Plan. 

This Agreement may be signed by the parties hereto in
counterpart, each of which counterpart when so signed shall be deemed to be an
original, and such counterparts together shall constitute one and the same
instrument and notwithstanding the date of execution will be deemed to bear the
execution date as set forth in this Agreement. This Agreement may be executed by
facsimile and such facsimile or facsimiles shall be deemed to represent the
original Agreement. 

All capitalized terms not defined herein have the meaning
assigned to them in the Plan. 

IN WITNESS WHEREOF
the Corporation and the Optionee have executed this Option Agreement as of the
the 10th day of June, 2011. 

XTRA-GOLD RESOURCES CORP. 

By: /s/ Paul
Zyla                                            
 
       Paul
Zyla, 
       President and Chief
Executive Officer 

      
/s/ James H.
Schweitzer                          
 
       James H. Schweitzer

	2011 STOCK OPTION PLAN 
	NOTICE OF EXERCISE

	TO: 	Xtra-Gold Resources Corp. 
	  	360 Bay Street 
	  	Suite 301 
	  	Toronto ON M5H 2V6 
	  	  
		 Attention: President 
	  	  
	  	in person or by fax to (416) 981-3055
  

Reference is made to the Option Agreement made as of June
10, 2011 between Xtra-Gold Resources Corp. (the “Corporation”) and
the Optionee named below. The Optionee hereby exercises the Option to purchase
Shares of the Corporation as follows: 

Number of Option Shares for which Options are being
exercised: 

	Exercise Price per Option Share: 	US$ 	1.85 
	  	  	  
	Total Exercise Price: 	US$ 	  
	(in the form of a cheque which need not be a certified
      cheque or bank draft tendered with this Notice of exercise) 		
	  	  	  
	Name of Optionee: 	  	  
	as it is to appear on the stock certificate 	  	  
	  	  	  
	Address of Optionee: 	  	  
	as it is to appear on the register of Shares of the
      Corporation (and to which a certificate representing the Shares being
      purchased is to be delivered) 		
	  	  	  
	  	  	  
	Dated: 	 
    	 
    
	  	James H. SchweitzerXtra-Gold Resources Corp.: Exhibit 10.68 - Filed by newsfilecorp.com

Exhibit 10.68 

2011 STOCK OPTION PLAN OPTION
AGREEMENT 

This Option Agreement is entered into between Xtra-Gold
Resources Corp. (the “Corporation”) and the consultant (the
“Optionee”) named below pursuant to the Xtra-Gold Resources Corp. 2011
Stock Option Plan (the “Plan”). This Agreement witnesses that in
consideration of the covenants and agreements herein contained and such other
good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto covenant and agree as set forth and confirms
that: 

	on July 1, 2011 	(the “Grant Date”) 
	SAN DIEGO TORREY HILLS CAPITAL, INC. 	(the “Optionee”) 

was granted stock options (the “Options”)
to purchase 100,000 shares of common stock (the “Option Shares”)
of the Corporation, exercisable on a cumulative basis, at a price (the
“Exercise Price”) of US$1.85 per Option Share; and for a
term of 3 years (the “Option Period”) expiring at 5:00 p.m.
(Toronto time) on July 1, 2014 (the “Expiry Date”). 

The options granted in accordance with the above terms are not
subject to any vesting schedule and shall be exercisable in their entirety upon
execution of a consulting agreement entered into between the Corporation and the
Optionee on July 1, 2014. 

This Option Agreement is subject to the terms set out in, and
in accordance with, the Plan. By signing this Option Agreement, the Optionee
acknowledges having read and understands the Plan and accepts the Options in
accordance with the terms and conditions of the Plan. 

This Agreement may be signed by the parties hereto in
counterpart, each of which counterpart when so signed shall be deemed to be an
original, and such counterparts together shall constitute one and the same
instrument and notwithstanding the date of execution will be deemed to bear the
execution date as set forth in this Agreement. This Agreement may be executed by
facsimile and such facsimile or facsimiles shall be deemed to represent the
original Agreement. 

All capitalized terms not defined herein have the meaning
assigned to them in the Plan. 

IN WITNESS WHEREOF
the Corporation and the Optionee have executed this Option Agreement as of the
the 1st day of July, 2011. 

XTRA-GOLD RESOURCES CORP. 

By: /s/ Paul
Zyla                                                      
 
       Paul Zyla,

       President and Chief Executive Officer

SAN DIEGO TORREY HILLS CAPITAL,
INC.

By: /s/ Cliff
Mastricola                                           
 
       Cliff Mastricola

       President 

2011 STOCK OPTION PLAN 

NOTICE OF EXERCISE 

	TO: 	Xtra-Gold Resources Corp. 
	  	360 Bay Street 
	  	Suite 301 
	  	Toronto ON M5H 2V6 
	  	  
		Attention:
    President  
	  	  
	  	in person or by fax to (416) 981-3055
  

Reference is made to the Option Agreement made as of July 1,
2011 between Xtra-Gold Resources Corp. (the “Corporation”) and the
Optionee named below. The Optionee hereby exercises the Option to purchase
Shares of the Corporation as follows: 

Number of Option Shares for which Options are being
exercised: 

	Exercise Price per Option Share: 	US$ 	1.85 
	  	  	  
	Total Exercise Price: 	US$ 	  
	(in the form of a cheque which need not be a certified
      cheque or bank draft tendered with this Notice of exercise) 		
	  	  	  
	Name of Optionee: 	  	  
	as it is to appear on the stock certificate 	  	  
	  	  	  
	Address of Optionee: 	  	  
	as it is to appear on the register of Shares of the
      Corporation (and to which a certificate representing the Shares being
      purchased is to be delivered) 		
	  	  	  
	  	  	  
	Dated: _________________________ 	SAN DIEGO TORREY HILLS
      CAPITAL, INC. 
	  	  	  
	  	  	  
	  	By: 
	  	 
	               
                     [print name and
      title of signatory]

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