Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - Continental Minerals Corporation - Exhibit 10.1

GEOLOGICAL, MANAGEMENT AND 
ADMINISTRATION SERVICES
AGREEMENT

THIS AGREEMENT dated for reference the 31st day of
December, 1996

BETWEEN:

  
    
      HUNTER DICKINSON INC., a company incorporated
        under the federal laws of Canada having a registered office at Suite 1500,
        1055 West Georgia Street, Vancouver, British Columbia, V6E 4N7

      (herein "HDI")

    

  

OF THE FIRST PART

AND:

  
    
      MISTY MOUNTAIN GOLD LIMITED, a British Columbia
        company having a business office at Suite 1020, 800 West Pender Street,
        Vancouver, British Columbia, V6C 2V6

      (herein "Misty Mountain")

    

  

OF THE SECOND PART

WHEREAS:

(A)                    
HDI is a company established to provide geological, corporate development,
administrative and management services for public companies involved in the
acquisition and exploration of natural resource properties;

(B)                    
Misty Mountain and HDI have agreed that HDI will provide the services more
particularly described herein on the terms and conditions of this Agreement and
that Misty Mountain will assist HDI by requiring one of Misty Mountain's
directors to serve on the board of directors of HDI.

NOW THEREFORE in consideration of the premises and
mutual covenants herein contained, the parties hereto agree as follows:

ARTICLE 1

ADMINISTRATION SERVICES

1.1                    
During the term of this Agreement HDI shall provide Misty Mountain and/or Misty
Mountain's affiliates with the following administration services:

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(a)      use
of HDI's business premises located at Suite 1020, 800 West Pender Street,
Vancouver, British Columbia, on a non-exclusive basis with access to the
reception area, the boardroom and other offices as available and agreed to from
time to time;

(b)      use
of HDI's reception and telephone answering personnel;

(c)    
 reasonable use of office equipment including telephone systems,
photocopying, telecopier and computers, and other equipment as required;

(d)    
 administration service personnel including accounting, purchasing,
secretarial and like support staff on an "as needed" and "as available"
basis.

1.2                    
The administration fee payable by Misty Mountain to HDI for the administration
services shall be invoiced by HDI on a monthly basis based on a fee which
represents a full cost recovery basis to HDI and which fee will be reasonably
described in the invoice. The fee shall represent a reasonable pro-rationing of
HDI's costs amongst all its client companies with regard to the level of service
requirements of each such company. The fee will be reviewed from time to time
and the basis may be changed on notice by HDI in the event Misty Mountain's use
of the administration services is in excess of historical experience or HDI's
costs change or in the event a greater or lesser number of other public
companies are using HDI's services.

1.3                    
Misty Mountain acknowledges that HDI has or intends to enter into substantially
identical agreements with other public companies and HDI may add, delete or vary
such arrangements with such other companies in HDI's sole discretion. As of the
date hereof such other companies are more particularly described on Schedule "A"
hereto.

ARTICLE 2

GEOLOGICAL AND MANAGEMENT SERVICES

2.1                    
In addition to the administration services, HDI shall supply technical,
geological, management and corporate development services to Misty Mountain on a
non exclusive and on an "as needed" and "as available" basis. HDI shall, at
least annually, review the resource property portfolio of Misty Mountain
together with Misty Mountain's board of directors and such other independent
consultants as Misty Mountain desires to involve with a view to recommending and
implementing programs of exploration.

2.2                    
Such recommendations shall be accompanied by reasonable details of programs
including scheduling, description of activities and related budgets. Upon
acceptance (with or without variations) of such recommendations by Misty
Mountain (which acceptance is in the sole discretion of Misty Mountain) HDI
shall generally carry out the program as the agent of Misty Mountain and
shall:

(a)    
 retain and/or itself provide the necessary technical and support
staff;

(b)     
negotiate third party service contracts and provide them to Misty Mountain for
execution or execute same as agent for Misty Mountain. Such third party
contracts shall 

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generally include geophysical and
geochemical surveys, sampling, line cutting, diamond drilling, engineering,
environmental, independent analyses and reporting and such other work as has
been recommended by HDI and approved by Misty Mountain;

(c)      
apply for necessary government exploration or work permits and licences;

(d)     
provide field staff to supervise and oversee the work of HDI staff and other
contractors and subcontractors;

(e)    
 obtain insurance and assist in making application and relevant filings
pertaining to the maintenance of titles to the property as well as filing of
assessment work respecting exploration work carried out and paid for by Misty
Mountain; 

(f)     
general administration of the exploration program including accounting, payment
of third party invoices and reporting thereon; and

(g)    
 provide assistance with corporate awareness programs regarding Misty
Mountain.

2.3                    
For purposes of administration of any exploration program Misty Mountain shall
be deemed to be the operator of all of Misty Mountain's joint venture agreements
and HDI's function shall be as general advisor and agent.

2.4                    
The fee to HDI for the above technical services shall be included with and
agreed as part of budgets which are provided to and subject to the approval of
Misty Mountain. Except for overruns, significant variations (greater than 50%)
in the planned programs shall require the prior approval of Misty Mountain but
the costs incurred with respect to such overruns and variations shall
notwithstanding, be for the account of Misty Mountain.

ARTICLE 3

ADDITIONAL RIGHTS AND DUTIES OF HDI

3.1                    
Misty Mountain agrees to indemnify and hold harmless HDI (and any subsidiary),
their officers, directors, employees and agents, from any and all claims, suits
or demands arising out of the performance of HDI hereunder. Without restricting
the generality of the foregoing Misty Mountain agrees to promptly pay HDI
invoices and to advance funds against written cash calls wherever reasonably
required by HDI to pay for or secure services, to secure equipment, contractors,
deposits and the like and to honour all agreements which HDI enters into in good
faith as agent on behalf of Misty Mountain with third parties. The foregoing
indemnity shall not apply to losses, claims or suits arising out of HDI's
negligence or wilful misconduct.

3.2                    
HDI agrees to carry out its advisory, administrative and operating activities
hereunder in a competent and workmanlike manner, in good faith with a view to
the best interests of Misty Mountain.

3.3                    
HDI shall take reasonable precautions to ensure that only authorized personnel
of HDI and Misty Mountain are provided with information respecting the business
affairs, 

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exploration results and properties of Misty Mountain. HDI shall
limit access to information respecting exploration developments to its own staff
on a need to know basis and shall ensure that its personnel acknowledge the need
to protect confidentiality of information respecting Misty Mountain which is
developed by or comes into the possession of HDI and that they are in a "special
relationship" with Misty Mountain as contemplated by securities legislation. HDI
shall generally maintain confidentiality of Misty Mountain's affairs and shall
take reasonable precautions to protect the integrity and security of information
developed for Misty Mountain.

3.4                    
HDI shall not compete with Misty Mountain and will not endeavour to acquire any
interest in any property of Misty Mountain or related to or which can reasonably
be said to be derived from any property of Misty Mountain, without the prior
written consent of Misty Mountain which consent shall be in Misty Mountain's
sole discretion.

3.5                    
HDI shall not be obligated whatsoever to provide any information or advice to
Misty Mountain respecting resource property prospects and opportunities which
come to the attention of HDI personnel unless such prospects and opportunities
can be clearly demonstrated to be presented primarily as a result of the
provision of services by HDI to Misty Mountain under the terms of this
Agreement. Misty Mountain acknowledges that HDI is entering into substantially
identical agreements with other resource companies and as a consequence HDI will
be exposed to resources property opportunities in the ordinary course and may
receive resource property prospects and opportunities as a consequence of
services to such other resource companies in the ordinary course. As well, Misty
Mountain acknowledges that HDI may receive unsolicited proposals and
opportunities from sources wholly unrelated to Misty Mountain or any of the
other client companies of HDI and those opportunities are acknowledged by Misty
Mountain to be the sole property of HDI.

3.6                    
HDI may be retained by other client companies or terminate its relationship with
any client company in its sole discretion and without notice to any client
company.

ARTICLE 4

OTHER RIGHTS AND DUTIES OF MISTY MOUNTAIN

4.1                    
So long as this Agreement is in effect Misty Mountain shall require one of Misty
Mountain's directors to be a director of HDI who shall by virtue of such
appointment have the right to review all aspects of HDI's operations. Misty
Mountain shall obtain an agreement from such nominee director that he shall not
seek confidential information respecting any other client company of HDI (unless
such director is also a director of such other client company) and shall in any
event maintain appropriate confidentiality with respect to any HDI information
provided to or obtained by such director and particularly with respect to any
other client company or where such information about another client company or
its exploration prospects is inadvertently acquired by the director. Such
nominee shall further agree to promptly resign from the board of HDI in the
event this Agreement is terminated for any reason. Such nominee shall not use
any information acquired by virtue of his directorship in HDI for the purpose of
competing with HDI or competing with any other client company of HDI. Such
nominee shall 

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be in a "special relationship" with any other client company of
which he is not already an "insider".

4.2                    
Any authorized representative of Misty Mountain shall at all reasonable times
have full access to all of the records or information of HDI pertaining to the
affairs of Misty Mountain. Such access shall be extended to the auditors and
other professional advisors of Misty Mountain.

4.3                    
HDI shall indemnify and save harmless Misty Mountain from any claim, suit or
demand which may arise by virtue of any improper act or gross negligence of HDI
occurring as a result of the performance by HDI of this Agreement.

4.4                    
On execution hereof Misty Mountain shall subscribe for a single common share of
HDI for $1.00 and shall resell such share to HDI for $1.00 on termination of
this Agreement. Misty Mountain shall in no event sell, transfer or otherwise
dispose of or encumber such share during the currency of this Agreement. The
parties acknowledge that HDI shall be owned by its client companies and that
each client company shall own one common share of HDI and that HDI shall not
allow any other person to subscribe or be issued shares in HDI nor will HDI
otherwise authorize, create or issue any other shares or any other securities in
its capital stock without the consent of all of its client companies.

ARTICLE 5

TERMINATION

5.1                    
This Agreement may be terminated by either party hereto on 30 days written
notice to the other party. From the date of notice to the date of termination,
HDI shall not enter into any new arrangements on behalf of Misty Mountain
(unless already legally committed to do so) without Misty Mountain's prior
consent.

5.2                    
In the event of termination during the course of implementation of any
exploration or other program the parties shall negotiate in good faith to
minimize any interruption of such program and to ensure that the costs related
thereto are properly accounted for and duly discharged by Misty Mountain.
Notwithstanding any termination of this Agreement Misty Mountain shall continue
to be bound by any agreements contracted for on its behalf by HDI prior to
termination.

5.3                    
The confidentiality and non-competition provisions of this Agreement shall
survive any termination of this Agreement and continue in full force and effect
for three years thereafter.

5.4                    
Upon termination hereof Misty Mountain shall cease to use the HDI premises,
phone number, etc. and shall make arrangements for the orderly transition of
administrative and accounting responsibilities by advice letter to HDI. HDI
shall turn over all business, technical, and like records pertaining to the
affairs and properties of Misty Mountain as may be in the possession of HDI
although HDI may retain copies for its own records where reasonably
required.

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ARTICLE 6

MISCELLANEOUS

6.1                    
This Agreement is not assignable by the parties and any purported assignment
thereof is void ab initio.

6.2                    
This Agreement shall be binding upon and enure to the benefit of the parties
hereto and their respective successors.

6.3                    
This Agreement shall be construed in accordance with the laws of the province of
British Columbia and the parties agree to attorn to such jurisdiction in the
event of a dispute hereunder.

6.4                    
Notices shall be considered effectively given hereunder when personally
delivered to a party by personal service or by fax, in each case addressed to
the President.

IN WITNESS WHEREOF the parties have caused this
Agreement to be executed as of the date and year first above written.

HUNTER DICKINSON INC.

 

	Per: 	/s/ Hunter Dickinson Inc. 
	  	Authorized Signatory 

 

 

MISTY MOUNTAIN GOLD LIMITED

 

	
      Per: 
	/s/ Misty Mountain Gold Limited
    
	  	Authorized Signatory 

SCHEDULE "A"

	Other Client Companies 	Nominee HDI Director 
	 	 
	Amarc Resources Ltd. 	David Copeland 
	 	 
	Anooraq Resources Corporation 	Scott Cousens 
	 	 
	Farallon Resources Ltd. 	Jeffrey Mason 
	 	 
	Pacific Sentinel Gold Corp. 	Robert Dickinson 
	 	 
	Taseko Mines Limited 	Robert Hunter 
	 	 
	Quartz Mountain Gold Corp. 	David Jennings 
	 	 
	Consolidated North Coast Industries Ltd.
	Ron Thiessen 
	 	 
	Casamiro Resource Corporation 	Ron Thiessen 
	 	 
	Northern Dynasty Minerals Limited 	Bruce Youngman 
	 	 
	Misty Mountain Gold Limited 	Jeffrey Mason

(The foregoing Schedule is subject to change from time to
time.)Filed by Automated Filing Services Inc. (604) 609-0244 - Continental Minerals Corporation - Exhibit 10.4

POST-MERGER AGREEMENT

THIS AGREEMENT made as of May 29, 2006.

BETWEEN:

  
    
      CONTINENTAL MINERALS CORPORATION, a company existing
        under the laws of the Province of British Columbia, Canada

      (“Continental”) 

    

  

AND:

  
    
      WANG ZHI, businessman, of San Mateo, California,
        USA

      (the “Principal”)

    

  

WHEREAS the Principal has agreed to support a merger
involving Continental and the parties have therefore agreed to provide for
certain matters pending the completion of the merger and also in respect of
certain matters thereafter;

THIS AGREEMENT WITNESSES that in consideration of the
respective covenants and agreements herein contained, the parties hereto
covenant and agree as follows: 

PART 1

INTERPRETATION

Definitions

1.1                     
In this Agreement, unless there is something in the subject matter or context
inconsistent therewith, the following terms shall have the following meanings
conferred upon them by the Merger Agreement unless otherwise defined herein:

“Closing” means the Effective
Date as contemplated by the Merger Agreement;

“Cooperative Period” has the
meaning set out in §4.1 herein;

“Change of Control” means a
change in ownership of at least 51% of Continental’s outstanding shares during
any six month period whereby as a consequence a 2/3 majority of the persons who
constitute the Board of Directors of Continental changes within the said six
month period; 

“Escrow Agreement” means that
Escrow Agreement among the Principal, Continental and Blake Cassels &
Graydon LLP, in the form attached hereto as Schedule A hereto;

- 2 -

“Force Majeure” means materially
adverse circumstances beyond the control of the parties which could not
reasonably have been anticipated and includes extreme weather conditions, fire,
strike or other labour disruptions, lockout, sabotage, shipwreck, riot, war,
flood, extraordinary breakdown, explosion, unexpected new and unusual laws or
regulations or Court orders, unexpected new and unusual acts of any government
body or agency, act of God, blockade, unlawful civil commotion or
disobedience;

“Merger Agreement” means that
Merger Agreement among Continental, Greta China and Mergeco dated as of the same
date hereof;

“Minerals” means any valuable
inert or lifeless substance formed or deposited in its present position through
natural agencies alone, and which is found either in or upon the soil of the
earth or in the rocks beneath the soil;

‘Take-over Bid” means a bona
fide third party offer for at least 51% of the shares of Continental made by
offer to all shareholders under a formal offering document.

Interpretation Not Affected by Headings, etc.

1.2                      
The division of this Agreement into Parts, sections and other portions and the
insertion of headings are for convenience of reference only and shall not affect
the construction or interpretation hereof. Unless otherwise indicated, all
references to an “Part” or “section” followed by a number and/or a letter refer
to the specified Part or section of this Agreement. The terms “this Agreement”,
“hereof”, “herein” and “hereunder” and similar expressions refer to this
Agreement (including the Schedules hereto) and not to any particular Part,
section or other portion hereof and include any agreement or instrument
supplementary or ancillary hereto.

Currency

1.3                      
Unless otherwise specifically indicated, all sums of money referred to in this
Agreement are expressed in lawful money of Canada.

Number, etc.

1.4                      
Unless the context otherwise requires, words importing the singular shall
include the plural and vice versa and words importing any gender shall include
all genders.

Date For Any Action

1.5                      
In the event that any date on which any action is required to be taken hereunder
by any of the parties hereto is not a Business Day, such action shall be
required to be taken on the next succeeding day which is a Business Day.

Entire Agreement

1.6                      
This Agreement constitutes the entire agreement between the parties hereto
pertaining to the matters set out herein.

- 3 -

PART 2

MERGER

2.1                      
The Principal will use reasonable efforts to ensure that prior to Closing, Great
China will not, and will not permit any of its affiliates to, acquire or agree
to acquire by amalgamation, merger or consolidation with, or by purchasing a
substantial portion of the assets of, or by any other manner, any business or
any corporation, partnership, association of other business organization or
division thereof or otherwise acquire or agree to acquire any assets which are
material, individually or in the aggregate, to the business of that company,
except as permitted in the Merger Agreement.

2.2                      
The Principal will take reasonable steps to ensure that Great China, prior to
Closing, will operate its business in the usual and ordinary course and will not
declare any dividend on, or make other distributions in respect of its
outstanding shares (or securities convertible into shares), make any
distribution, payment or repayment to any non-arm’s length party, enter into any
non-arm’s length contracts, issue any securities (other than on the exercise of
convertible securities that are currently outstanding), incur any debt or
guarantee any obligation, or make any bonus payments to or increase the
compensation or benefits of any directors, officer or employee, other than in
the usual and ordinary course of business consistent with past practice or
pursuant to existing contractual agreements or as permitted by the Merger
Agreement.

2.3                      
Each of the Principal and Continental shall make all reasonable efforts and work
diligently to complete the Merger in accordance with the Merger Agreement.

2.4                      
The Principal shall and shall cause all parties under his control or direction
to comply on a timely basis with all applicable Laws related to the Merger, the
Merger Agreement, this Agreement and transactions related thereto. 

PART 3

POST-MERGER CONSULTING SERVICES

Principal to Serve as Consultant

3.1                      
Upon and subject to Closing, the Principal shall be retained by Continental as a
consultant for $1.00 per year plus reasonable expenses including travel, office
and the like, in order to liaise with appropriate mining and other official or
regulatory authorities to expedite for Continental or Affiliates, including
Tianyuan, all necessary mining permits (the “Permits”) to allow the commercial
mining of the Xietongmen Property from the appropriate mining authorities in the
Peoples Republic of China (PRC). The Principal’s objective shall be to secure
the issuance of the last of such permits no later than one year of submission of
the last of the initial applications for all the necessary development,
construction, environment and operating mine permits to allow the mine to
continuously operate based on the parameters and conclusions reached under the
feasibility study on the Xietongmen property. For greater certainty, all of the
services of the Principal shall be performed outside Canada.

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3.2                      
The required Permits are to be listed in the feasibility study prepared for
Continental by independent consultants in accordance with government supplied
information, but the Permits will exclude change of scope operating type permits
that are required after the start of commercial mining operations. The one year
period set out in §3.1 shall be extended for a period equal to delays during the
one year period resulting from events or circumstances for which Continental is
solely responsible or by reason of Force Majeure and which occur in connection
with the technical developments on the Xietongmen Property and are therefore
beyond the reasonable control of the Principal. 

Compensation to Principal

3.3                      
Providing the Principal has materially contributed to Continental timely
obtaining the Permits and in no event beyond March 31, 2010, then within five
business days of receipt by Continental of all the necessary and valid Permits,
Continental shall deliver to the Principal, or such person as the Principal then
nominates, subject to the consent of Continental not to be unreasonably
withheld, as full compensation hereunder 2,500,000 Continental Shares and
2,500,000 Continental warrants exercisable at $1.59, with an expiry of one year
after receipt of all the Permits. The March 31, 2010 deadline herein shall be
extended for a period equal to delays to the start of the one year period set
out in §3.1 resulting from events or circumstances for which Continental is
solely responsible or by reason of Force Majeure.

Other Interests in Minerals

3.4                      
The Principal hereby confirms, warrants and represents that, except as provided
for in the Merger Agreement, he does not have any other direct or indirect
beneficial interest, rights, options, or other entitlements whatsoever (an
“Interest”) in any Minerals, in the area of influence (being the area within 10
kilometres of the perimeter of the Xietongmen Property) and if he should
directly or indirectly acquire or be offered any such Interests within 5 years
of the date of Merger, the Principal agrees to immediately give written notice
to Continental and offer a right, exercisable for one year after receipt of such
notice, to acquire or take an assignment of such Interest on the same terms
offered to, or paid by the Principal for such Interests.

PART 4

SHARE VOTING AND LIQUIDITY MATTERS

4.1                      
Until the earlier of the date which is 36 months from Closing and the date which
the Principal, together with the 11 other Great China shareholders who are to
also deliver their Continental Shares to Blake Cassels & Graydon LLP to be
held in escrow, directly or indirectly own or control in aggregate less than 10%
of the outstanding Continental Shares, there shall be deemed to be a
“Cooperative Period”. During the Cooperative Period, the Principal will not
directly or indirectly dispose of more than 30,000 Continental Shares in any 30
consecutive days (non-cumulative) as further provided in this Part 4. The
restrictions in this Part 4 will no longer apply and the Cooperative Period
shall end in the event of a Take-over Bid for shares of Continental or a Change
of Control of Continental.

- 5 -

4.2                      
On the Closing of the Merger, the Principal shall deliver certificates, in
appropriate denominations, for all Continental Shares that he directly or
indirectly owns or controls, to Blake Cassels & Graydon LLP to be held in
escrow and, to facilitate sales permitted under this Part 4 or after the end of
the Cooperative, released in accordance with the Escrow Agreement, to be
executed and delivered by the parties concurrently herewith but which is only to
be effective from and after the Closing.

4.3                      
If, during the Cooperative Period, the Principal wishes to sell or otherwise
directly or indirectly dispose of up to 150,000 Continental Shares in a single
or series of related transactions, then the Principal must advise Continental in
writing of such intention and offer those shares to Continental on substantially
the same terms as it proposes to sell them and must offer them at 95% of the
volume-weighted average closing price calculated for the 5 days before the
delivery date of the notice. Continental, or its nominee, has the right to
accept such offer as a third party within five business days of receipt of the
notice, failing which the Principal shall be free, to sell the shares at market
price. The Principal shall be entitled to exercise this election twice per any
365 day consecutive period commencing from the date of Closing.

4.4                      
During the Cooperative Period, the Principal shall agree that with respect to
all the Continental Shares directly or indirectly received under the Merger that
he shall vote such shares, or cause such shares to be voted, at each Continental
shareholders’ meeting held or convened during the Cooperative Period, in favour
of the proposals and resolutions recommended by management of Continental in its
formal proxy circular providing the proposal or resolution are reasonable and in
compliance with all Canadian securities and other laws. Notwithstanding this
covenant, the Principal shall be free to vote his Continental Shares in his own
discretion, in respect of any proposed merger of Continental or in connection
with a transaction which would constitute a change of control of
Continental.

4.5                      
During the Cooperative Period, the Principal shall be entitled to a pre-emptive
right to take up his pro rata share of any new securities to be sold by
Continental on substantially the same terms as such securities are offered to
third parties. The Principal must confirm his preparedness to participate in
such treasury offerings within 15 days of receipt of notice of the offering and
must be prepared to participate on substantially the same terms as all other
participants in the financing.. Excluded from this pre-emptive right shall be
Continental securities which are allotted or issued for management incentive
options, property acquisitions or with respect to any financing by Continental
in accordance with §5.5 of the Merger Agreement, and securities issued in
exercise of options, warrants and property commitments as of the Closing.

4.6                      
During the Cooperative Period, Continental, using reasonable endeavours, will
assist the Principal, upon the request of the Principal, in directly or
indirectly disposing of up to 1,225,000 Continental Shares, less the number of
shares sold prior to such request under this Part 4. The Principal will provide
30 days’ notice of the estimated market value of or number of shares he desires
to directly or indirectly dispose of and Continental will make reasonable
commercial efforts to arrange to find a buyer for such shares at a price of no
less than the discounted market price of the Continental Shares at the time the
notice is given by the Principal (the discounted price shall be set at 90% of
the volume-adjusted average closing price 

- 6 -

during 10 days before the date of notice). The purchase and
sale of such shares shall close within the 30-day notice period and the
Principal shall be obligated to provide marketable certificates, free of hold
period restrictions or any other encumbrances.

PART 5

GENERAL

Confidentiality

5.1                      
All dealings between the Continental and the Principal under Part 4 of this
Agreement shall be treated by them in confidence except to the extent disclosure
is required to fulfill a right or obligation of a party. Any information
concerning a party disclosed to the other party which, in each case has not been
publicly disclosed, will be kept strictly confidential and will not be disclosed
by the recipient, except as may be required under applicable law.

Arbitration

5.2                      
All disputes arising in connection with this Agreement, or in respect of any
defined legal relationship associated herewith or derived there from, shall be
referred to, and finally resolved by, arbitration by a single arbitrator under
the rules of the British Columbia International Commercial Arbitration Centre
(the “Arbitration Centre”). The appointing authority shall be the Arbitration
Centre, and the case shall be administered by the Arbitration Centre in
accordance with its “Procedures for Cases under the B.C.I.C.A.C. Rules”. The
place of arbitration shall be Vancouver, British Columbia, Canada and the
language to be used in the arbitral proceedings shall be English.

Relationship of the Parties

5.3                      
Each of Continental and the Principal agree that each of them are independent
contractors insofar as the terms herein are concerned but nothing herein shall
be deemed to diminish the Principal’s fiduciary obligations to Continental so
long as he is a director of it..

Notices

5.4                      
All notices and other communications which may or are required to be given
pursuant to any provision of this Agreement shall be given or made in writing
and shall be deemed to be validly given if served personally or by telecopy, in
each case addressed to the particular party at:

- 7 -

(a)      if to
Continental, at:

Continental Minerals Corporation

Suite 1020 – 800 West Pender Street 
Vancouver, B.C. V6C 2V6

Attention: President 
Facsimile:
(604) 684-8092

        with a copy to:

Lang Michener LLP
1500 – 1055 West
Georgia Street 
Vancouver, B.C. V6E 4N7

Attention: Bernhard Zinkhofer

Facsimile: (604) 685-7084

(b)      if to
Wang Zhi, at:

90 Lakewood Circle 
San Mateo,
California 94402 USA

Facsimile: 86-10-62028274

or at such other address of which any party may, from time to
time, advise the other parties by notice in writing given in accordance with the
foregoing. The date of receipt of any such notice shall be deemed to be the date
of delivery or telecopying thereof.

Assignment

5.5           
This Agreement is personal to the Principal and he may not assign the rights or
obligations hereunder without Continental’s consent.

Binding Effect

5.6           
This Agreement shall be binding upon and shall enure to the benefit of the
parties hereto and their respective heirs and successors as the case may be and
no third party shall have any rights hereunder.

Waiver and Modification

5.7           
Any waiver or consent to the modification of any of the provisions of this
Agreement, to be effective, must be in writing executed by the party granting
such waiver or consent.

- 8 -

Further Assurances

5.8           
Each party hereto shall, from time to time, and at all times hereafter, at the
request of the other parties hereto, but without further consideration, do all
such further acts and execute and deliver all such further documents and
instruments as shall be reasonably required in order to fully perform and carry
out the terms and intent hereof.

Expenses

5.9           
Each of the parties hereto shall pay all of their own expenses relating to the
negotiation and execution of this Agreement .

Governing Laws

5.10          
This Agreement shall be governed by and construed in accordance with the laws of
the Province of British Columbia and the laws of Canada applicable therein and
shall be treated in all respects as a British Columbia contract. Subject to
§5.2, each party hereby irrevocably attorns to the jurisdiction of the courts of
the Province of British Columbia in respect of all matters arising under or in
relation to this Agreement. 

Time of Essence

5.11          
Time shall be of the essence in this Agreement.

Counterparts

5.12          
This Agreement may be executed in one or more counterparts, each of which shall
be deemed to be an original but all of which together shall constitute one and
the same instrument.

IN WITNESS WHEREOF the parties hereto have executed this
Agreement as of the date first written above.

CONTINENTAL MINERALS CORPORATION 

	Per: 	/s/ Continental Minerals Corporation 	 
	  	President and CEO 	 
	  	  	 
	  	  	 
	Per: 	  	 
	  	Authorized Signatory 	 

- 9 -

	  	 	/s/
      Wang Zhi 
	Signature of Witness 	 	WANG ZHI 
	  	 	  
	  	 	  
	Name of Witness 	 	  

SCHEDULE “A”

ESCROW AGREEMENT

 

ESCROW AGREEMENT

THIS AGREEMENT is dated as of <>, 2006. 

AMONG:

  
    
      WANG ZHI, businessman, of 90 Lakewood Circle,
        San Mateo, California, 94402 USA, Fax: 86-10-62028274

      (the “Principal”)

    

  

AND:

  
    
      CONTINENTAL MINERALS CORPORATION, a company existing
        under the laws of the Province of British Columbia, Canada of Suite 1020
        – 800 West Pender Street, Vancouver, British Columbia, Canada, V6C
        2V6, Fax: (604) 684-8092 Attention: President

      (“Continental”) 

    

  

AND:

  
    
      BLAKE CASSELS & GRAYDON, LLP, a law firm with
        an office at Suite 2600, 595 Burrard Street, Vancouver, British Columbia,
        Canada V7X 1L3, Fax: (604) 631-3309 Attn: Mr. Wei Shao 

      (the “Escrow Agent”)

    

  

WHEREAS:

(A)                      
The Principal and Continental have entered into that Post-Merger Agreement to
which this Agreement is a schedule (the “Post-Merger Agreement”) which
agreement provides for certain sales restrictions on all the common shares of
Continental that are directly or indirectly owned or controlled by the Principal
on the completion of the Merger and which shares have been agreed to be
deposited hereunder (the “Escrow Shares”);

(B)                      
The parties have agreed that physical certificates (the “Escrow
Certificates”) representing the Escrow Shares, in sufficient number and
denominations to facilitate releases under this Agreement, will be deposited and
held in escrow by the Escrow Agent as stakeholder for the Parties; 

- 2 -

NOW THEREFORE THIS AGREEMENT WITNESSES that in
consideration of the mutual covenants contained herein the parties hereto
mutually agree as follows: 

1.             
CREATION OF ESCROW AND RELEASE TERMS

1.1           
The Principal hereby directs Continental to deliver, to the Escrow Agent, the
Escrow Certificates as more particularly described in Schedule A hereto. The
Principal hereby hereby concurrently delivers executed stock powers of attorney
in blank, each with the registered owner’s signature guaranteed by a Medallion
guarantor or a chartered bank or other organization acceptable to Continental’s
transfer agent, (each a “PA”) for each of the Escrow Certificates

1.2           
The Escrow Agent shall deliver to the Principal, by the 20th day of each month,
Escrow Certificates (with the related PAs) representing 30,000 common shares of
Continental, unless Continental by the 15th day of the applicable month,
delivers to the Escrow Agent and the Principal, a written notice that
Continental, acting reasonably disputes the proposed or any future deliveries of
Escrow Certificates to the Principal.

1.3           
The Principal shall have the right to deliver written notice (the
“Principal’s Notice”) to the Escrow Agent requiring the Escrow Agent to
deliver a specified number of the Escrow Certificates (together with relevant
PAs), other than those to be delivered pursuant to §0, for that number of Escrow
Shares set out in the Principal’s Notice, provided that the Principal states in
the Principal’s Notice that:

(a)      he is
entitled to share certificates for a particular number of Escrow Shares as set
out in Part 4 of the Post-Merger Agreement, including details of such
entitlement, either for the purposes of sale or due to the expiry of the
Cooperative Period (as defined in the Post-Merger Agreement); and

(b)      he
has concurrently delivered a copy of the Principal’s Notice to Continental and
has provided to the Escrow Agent confirmation of such delivery.

If Continental does not within 10 business days after delivery
of the Principal’s Notice to the Escrow Agent and Continental, deliver to the
Escrow Agent and the Principal, a written notice that Continental, acting
reasonably, disputes the Principal’s Notice, then the Escrow Agent shall deliver
the appropriate Escrow Certificates to the Principal and provide notice of such
delivery to Continental.

1.4           
Continental shall have the right to deliver written notice (the “Continental
Notice”) to the Escrow Agent requiring the Escrow Agent to deliver a
specified number of the Escrow Certificates (together with relevant PAs), other
than those to be delivered pursuant to §0, for that number of Escrow Shares set
out in the Continental Notice, provided that Continental states in the
Continental Notice that:

(a)      it is
entitled to deal with share certificates for a particular number of Escrow
Shares as set out in Part 4 of the Post-Merger Agreement, including details of
such entitlement, such as having arranged a sale of the escrow Shares to a third
party; and

- 3 -

(b)     
Continental has concurrently delivered a copy of the Continental Notice to the
Principal and has provided to the Escrow Agent confirmation of such
delivery.

1.5           
If Continental in the case of a Principal’s Notice or the Principal in the case
of a Continental Notice does not within 10 business days after delivery of the
Principal’s Notice or the Continental Notice as the case may be deliver to the
Escrow Agent and the other party , a written notice that the receiving party,
acting reasonably, disputes the Continental Notice or Principal’s Notice as the
case may be, then the Escrow Agent shall deliver the appropriate Escrow
Certificates to the Principal or to Continental as the case may be and provide
notice of such delivery to the other party.

1.6           
In the event of any dispute between the Principal and Continental concerning
their respective rights and obligations under this Agreement, the Escrow Agent
shall be entitled to interplead such dispute in the British Columbia Supreme
Court. The Escrow Agent shall be entitled to comply with the order of the
British Columbia Supreme Court in relation to the holding or disposition of the
Escrow Certificates, and shall not be liable in any way to the Principal or
Continental as a result of such compliance. Any costs arising from such
interpleader shall be shared by the Principal and Continental. 

2.             
TERMINATION OF ESCROW ARRANGEMENT 

2.1           
The escrow created by this Agreement shall terminate upon the earlier of (i) the
release from escrow of the escrow Certificates in accordance with the terms of
the Post-Merger Agreement and (ii) the interpleader of the Escrow Certificates
into Court in the event of a dispute. 

3.             
CONCERNING THE ESCROW AGENT 

3.1           
The Escrow Agent agrees to perform all of the duties hereinbefore set forth
which are applicable to it unless prohibited by a court of competent
jurisdiction. 

3.2           
Continental will pay from time to time the reasonable fees and expenses of the
Escrow Agent in connection with the performance of its duties hereunder and in
connection with any proceedings in which it is involved as a result of agreeing
to be a party to this Agreement. 

3.3           
The Principal and Continental, jointly and severally, will indemnify and save
harmless the Escrow Agent from and against all other claims, demands, damage,
loss and expense arising out of the good faith performance of its duties
hereunder. This provision shall survive any resignation or removal of the Escrow
Agent hereunder and any termination of this Agreement. The Escrow Agent shall
not be under any obligation to prosecute or to defend any action or suit which,
in the opinion of its counsel, may involve it in expense or liability, unless
the parties hereto shall, so often as required, furnish the Escrow Agent with
satisfactory indemnity and funding against such expense or liability. 

3.4           
Except as otherwise expressly provided herein, the Escrow Agent shall deal with
the Escrow Certificates from time to time only in accordance with the written
instructions of the Principal. 

- 4 -

3.5           
The Escrow Agent will have no responsibility or obligations in respect of the
Escrow Certificates except the duty to exercise such care in the safekeeping
thereof that a reasonably prudent person would exercise in comparable
circumstances. 

3.6           
Except as expressly set out in this Agreement, the Escrow Agent shall not be
bound by any notice of a claim or demand with respect thereto, or any waiver,
modification, amendment, termination or rescission of thereof unless received by
it in writing and signed by both the Principal and Continental and unless it has
given its written consent thereto if its duties or obligations under this
Agreement are affected. 

3.7           
The Escrow Agent may rely and will be protected in acting on any written notice,
request, waiver, consent, receipt, election, declaration or any paper or
document furnished to it and executed, whether or not under the seal, by any
party hereto not only as to its due execution and the validity and effectiveness
of its provisions, but also as to the truth and acceptability of any information
therein contained, which it in good faith believes to be genuine and the Escrow
Agent will not be required to determine the authenticity of signatures or the
power and authority of any signatory to execute Certificates or to verify the
accuracy of any statement contained therein. 

4.             
REPLACEMENT OF ESCROW AGENT 

4.1           
If the Escrow Agent wishes to be relieved from its duties and obligations under
this Agreement it shall so notify the other parties in writing, or in the event
that the parties mutually agree to replace the Escrow Agent, they shall so
notify the Escrow Agent of their intention and, in either case, the replacement
of the Escrow Agent shall be made within a period of sixty (60) days following
receipt of the notice, provided that the selection and appointment of the
replacement for the Escrow Agent shall be agreed by the parties, and subject to
the agreement of the new Escrow Agent to be bound by the terms and conditions of
this Agreement. 

5.             
NEW ESCROW AGENT 

5.1           
Any new Escrow Agent appointed hereunder shall execute an instrument accepting
such appointment hereunder and deliver one counterpart thereof to the Escrow
Agent last in office, and one counterpart to each of the Principal and
Continental, and thereupon such new Escrow Agent without further act shall
become vested in all rights, powers and obligations of its predecessor for
execution of the mandate hereunder, with like effect as if originally named as
Escrow Agent herein, and the predecessor Escrow Agent shall forthwith deliver
the Escrow Certificates and any other Certificates in its possession pursuant to
this Agreement to the new Escrow Agent, for the purposes and uses of this
Agreement. 

6.             
NOTICE 

6.1           
Subject to section 6.2, any notice, direction or other instrument required or
permitted to be given hereunder will be delivered in writing to the respective
parties at the addresses set out on page 1 of this Agreement and notice to such
addresses will be and will constitute full and complete notice and delivery to
the respective party. 

- 5 -

6.2           
Any party hereto may change its address for service of notice by a notice in
writing delivered to all of the other parties in the manner provided in section
6.1. 

6.3           
To facilitate greater communication between the Parties the Escrow Agent shall
copy all parties on any communication to any of them in connection herewith.

7.             
ENUREMENT 

7.1           
This Agreement will enure to the benefit of and be binding upon the parties
hereto, their respective successors and permitted assigns. 

8.             
COUNTERPARTS 

8.1           
This Agreement may be executed by any person who is to become a party hereto by
signing a counterpart hereof, each of which counterparts together will
constitute a single instrument. 

IN WITNESS WHEREOF the parties have executed and sealed
this Agreement on the day and year first above written. 

	/s/ Wang Zhi 	 
    
	WANG ZHI 	Witness 

CONTINENTAL MINERALS CORPORATION

	Per: 	/s/ Continental Minerals Corporation 	 
	  	President and CEO 	 
	 	 	 
	Per: 	  	 
	  	Authorized Signatory 	 

BLAKE CASSELS & GRAYDON, LLP

	Per: 	/s/ Blake, Cassels & Graydon, LLP 	 
	  	Authorized Signatory

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