Document:

Exhibit 10.4

                           CONVERTIBLE LOAN AGREEMENT

THIS CONVERTIBLE LOAN AGREEMENT made as of the 17th day of December,  2010, (the
"EFFECTIVE DATE").

BETWEEN:

          AMERICAN PARAMOUNT GOLD CORP. of 130 King Street West, Suite 3670
          Toronto, Ontario, Canada, M5X 1A9

          (hereinafter referred to as the "COMPANY")

AND:

          MONACO CAPITAL INC. of 7 New Road, Second Floor, #6 Belize City,
          Belize

          (hereinafter referred to as the "LENDER")

WHEREAS:

A.   The Company and the Lender  entered into a  Convertible  Loan  Agreement on
     April 22, 2010 (the "Original Agreement");

B.   The Company and the Lender wish to replace the  Original  Agreement  in its
     entirety with this Agreement;

C.   Lender  desires to loan funds to the Company  pursuant to the terms of this
     Agreement  in  the  principal   amount  of  up  to  Five  Million   Dollars
     (US$5,000,000) (the "LOAN");

D.   The Loan is convertible (the  "CONVERSION")  into securities of the Company
     consisting  of common shares of the Company with a par value of $0.001 (the
     "SHARES");

E.   The Lender  understands and acknowledges to the Company that this Agreement
     is being made pursuant to an exemption (the  "EXEMPTION") from registration
     provided by Section 4(2) of the United  States  Securities  Act of 1933, as
     amended  (the  "SECURITIES  ACT")  and  Rule  903  of  Regulation  S of the
     Securities Act for the private offering of securities; and

F.   The Company desires to borrow funds from Lender on the terms and conditions
     set forth in this Agreement.

NOW THEREFORE  THIS  AGREEMENT  WITNESSES  that in  consideration  of the mutual
covenants  and  agreements  herein  contained,  the  receipt  of which is hereby
acknowledged  by each of the parties  hereto,  the parties  hereto  covenant and
agree each with the other (the "AGREEMENT") as follows:

1. AGREEMENT

1.1 This Agreement hereby replaces the Original Agreement in its entirety.
<PAGE>
2. REPRESENTATIONS AND WARRANTIES OF THE LENDER

2.1  The Lender  represents  and warrants to, and  covenants and agrees with the
     Company that:

     (a) the Lender  makes the Loan to the Company and  acquires  the Shares and
         Conversion  Right  (both  as  defined  herein)  in  reliance  upon  the
         Exemption from registration  provided by Section 4(2) of the Securities
         Act and Rule 903 of Regulation S of the  Securities Act for the private
         offering of securities;

     (b) the Lender is  eligible to make the Loan to the Company and acquire the
         Shares and Conversion  Right in the Company under Regulation S, and all
         statements  set forth in the  Declaration  of Regulation S Eligibility,
         attached  hereto as 0, are true and  correct  and may be relied upon by
         the Company;  further, all information,  representations and warranties
         contained in this  Agreement,  or that have been otherwise given to the
         Company,  are correct and  complete as of the date  hereof,  and may be
         relied upon by the Company;

     (c) the  Lender  is aware  of the  significant  economic  and  other  risks
         involved in making the Loan to the Company and in acquiring  the Shares
         and acquiring and/or exercising the Conversion Right;

     (d) the  Lender has  consulted  with its own  securities  advisor as to its
         eligibility  to acquire  the Shares and  acquire  and/or  exercise  the
         Conversion   Right  under  the  laws  of  its  home   jurisdiction  and
         acknowledges  that  the  Company  has  made  no  effort  and  takes  no
         responsibility  for  the  consequences  to  the  Lender  as a  non-U.S.
         investor  acquiring  the  Shares  and this  Conversion  right  and,  in
         particular,  in purchasing U.S.-based securities upon exercise, if any,
         of the Conversion Right;

     (e) no federal or state  agency has  passed  upon,  or make any  finding or
         determination  as to the  fairness of this  investment,  and that there
         have been no federal or state agency recommendations or endorsements of
         the investment made hereunder;

     (f) the Lender acknowledges that:

          (i)  there are substantial restrictions on the sale or transferability
               of any Shares acquired upon exercise of the Conversion  Right and
               understands  that,  although the Company is a reporting  company,
               the Lender is,  upon  acquiring  the Shares upon  exercising  the
               Conversion Rights, purchasing unregistered securities;

          (ii) the Lender may not be able to liquidate  this  investment  in the
               event of any financial emergency and will be required to bear the
               economic risk of this investment for a lengthy or even indefinite
               period of time;

          (iii)the Company is not contractually  obligated to register under the
               Securities  Act  any  Shares  acquired  upon an  exercise  of the
               Conversion Right; and

          (iv) any Shares acquired by the Lender upon exercise of the Conversion
               Right  may  never  be  sold  or  otherwise   transferred  without
               registration  under the Securities  Act, unless an exemption from
               registration is available.

                                       2
<PAGE>
     (g) the  Lender,  alone or with  its  advisor,  has  enough  knowledge  and
         experience  in  financial  and  business  matters to make it capable of
         evaluating the merits and risks of investing in the Company;

     (h) the Lender  makes the Loan to the Company and  acquires  the Shares and
         the  Conversion  Right as principal for its own account and not for the
         benefit of any other person;

     (i) the Lender  understands that any  certificates  representing any Shares
         acquired by the Lender upon exercise of the Conversion  Right will have
         a resale legend on them that will read substantially as follows:

              THE SECURITIES COVERED HEREBY HAVE NOT BEEN REGISTERED UNDER
              THE  SECURITIES  ACT  OF  1933,  AS  AMENDED  ("ACT").   THE
              SECURITIES   REPRESENTED  BY  THIS   CERTIFICATE  HAVE  BEEN
              ACQUIRED  FOR  INVESTMENT,  AND NOT  WITH A VIEW  TO,  OR IN
              CONNECTION  WITH, THE SALE OR DISPOSITION  THEREOF,  AND MAY
              NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO OR FOR
              THE  ACCOUNT OR THE  BENEFIT OF U.S.  PERSONS (I) AS PART OF
              THEIR  DISTRIBUTION  AT ANY TIME OR (ii) OTHERWISE UNTIL ONE
              YEAR AFTER THE LATER OF THE  COMMENCEMENT OF THE OFFERING OF
              SUCH SECURITIES OR THE CLOSING DATE OF THE SALE AND TRANSFER
              THEREOF, EXCEPT IN EITHER CASE IN ACCORDANCE WITH REGULATION
              S (OR RULE 144A,  IF  AVAILABLE)  UNDER THE ACT.  TERMS USED
              ABOVE HAVE THE MEANING GIVEN TO THEM BY REGULATION S.

     (j) the Lender has good and  sufficient  right and  authority to enter into
         this Agreement and to carry out the  transactions  contemplated by this
         Agreement on the terms and conditions contained herein.

2.2  The  representations,  warranties,  covenants and  agreements of and by the
     Lender contained in, or delivered pursuant to, this Agreement shall be true
     at and as of the  Effective  Date and shall remain in full force and effect
     throughout the term of this Agreement.

3. THE LOAN

3.1  Subject to the terms of this Agreement, the Lender hereby agrees to loan to
     the Company,  and the Company hereby agrees to borrow from the Lender,  the
     sum of up to US$5,000,000.

3.2  The  Company  hereby  agrees  that  the  Lender  had  previously  forwarded
     $500,932.50 to the Company in principal  pursuant to the Original Agreement
     (the "Original Loan") and that such amount, including all accrued interest,
     be treated as if issued under the terms of this Agreement.

3.3  Immediately  following  the execution of this  Agreement,  the Lender shall
     deliver to the Company  $100,000 of the Loan amount by certified  cheque or
     money  order  made  payable  to the  Company,  or by wire  transfer  to the
     Company's  bank account  (the  "ADVANCEMENT  DATE"),  and  thereafter  such
     amounts as may be requested by the Company,  subject to the  concurrence of
     the lender, up to the total Loan amount.

                                       3
<PAGE>
3.4  Unless  repaid  earlier,  any funds  forwarded  by the  Lender  under  this
     Agreement  shall be  payable in full by 5:00 p.m.  local  time in  Toronto,
     Ontario,  one year from the  Effective  Date (the "DUE DATE").  If such day
     falls on a Sunday or  statutory  holiday,  then by 5:00 p.m.  local time in
     Toronto, Ontario, on the first business day after the Due Date.

3.5  The Loan shall bear  interest at the rate of 10% per annum,  payable on the
     Due Date, (the  "INTEREST")  calculated on the principal amount of the Loan
     outstanding.

3.6  The  Company  shall be  entitled to prepay any sum up to the full amount of
     the Loan and  accrued  Interest  then  outstanding  at any  time,  upon the
     payment of such amount and an additional 10% of such amount.

3.7  At any time after an Advancement Date, if the Company has not paid the Loan
     and accrued  Interest in full,  the Lender may by providing  written notice
     (the  "NOTICE") and the  Declaration  attached  hereto as 0 to the Company,
     exercise its rights of  Conversion in respect of either a portion of or the
     total  outstanding  amount of the Loan as of that  date into  Shares of the
     Company (the "CONVERSION RIGHT"), on the following terms:

     (a)  The  number  of  Shares  issuable  under  the  Conversion  Right  (the
          "CONVERSION RATE") shall be determined by dividing (x) that portion of
          the outstanding  principal balance and accrued Interest under the Loan
          on such date that the Lender  elects to convert by (y) the  Conversion
          Price  (as  defined  below)  then in  effect  on the date on which the
          Lender faxes the Notice of conversion,  duly executed,  to the Company
          (the "CONVERSION  Date").  With respect to partial conversions of this
          Loan,  the Company  shall keep  written  records of the amount of this
          Loan converted as of each Conversion Date.

     (b)  The term  "CONVERSION  PRICE" shall mean volume weighted average price
          for the Company's  common stock during the ten (10) trading day period
          ending on the  latest  complete  trading  day prior to the  Conversion
          Date.  "Trading  Price"  means,  for any security as of any date,  the
          closing  bid  price  on  the   Over-the-Counter   Bulletin  Board,  or
          applicable  trading  market  (the  "OTCBB")  as reported by a reliable
          reporting service ("Reporting  Service") mutually acceptable to Lender
          and the Company (i.e. Bloomberg) or, if the OTCBB is not the principal
          trading  market  for such  security,  the  closing  bid  price of such
          security on the principal  securities exchange or trading market where
          such  security is listed or traded or, if no closing bid price of such
          security is available in any of the foregoing manners,  the average of
          the closing bid prices of any market makers for such security that are
          listed in the "pink sheets" by the National Quotation Bureau, Inc.

3.8  Within  seven (7) days of Notice by the Lender  exercising  its  Conversion
     Rights  hereunder,  the Company  shall deliver a Share  Certificate  to the
     Lender representing the number of Shares acquired by the Lender pursuant to
     the Conversion Rate set out in subparagraph 2.7 of this Agreement.

4. COVENANTS AND AGREEMENTS OF THE LENDER

4.1  The Lender  covenants and agrees with the Company that the Lender shall not
     make  demand  for  payment  of the Loan  prior to the Due  Date,  except as
     otherwise  required  herein,  unless the Loan has become due and payable in
     accordance with the provisions of this Agreement.

                                       4
<PAGE>
4.2  In order to ensure  eligibility  to receive  the  Shares,  the Lender  must
     provide the Declaration attached hereto as 0.

5. DEFAULT

5.1  If one or more of the following events shall occur, namely:

     (a)  the Company  fails to pay any  Principal or accrued  Interest  amounts
          when due and fails to repay the Loan on the Due Date;

     (b)  the Company  makes an  assignment  for the benefit of its creditors or
          files a petition in bankruptcy or is adjudicated insolvent or bankrupt
          or petitions or applies to any  tribunal  for any  receiver,  receiver
          manager, trustee,  liquidator or sequestrator of or for the Company or
          any of the  Company's  assets or  undertaking,  or the Company makes a
          proposal or compromise  with its creditors or if an  application  or a
          petition  similar  to any of the  foregoing  is made by a third  party
          creditor  and  such   application  or  petition  remains  unstayed  or
          undismissed for a period of thirty (30) days;

     (c)  an order of  execution  against any of the  Company's  assets  remains
          unsatisfied for a period of ten (10) days;

     (d)  the  Company  fails to observe  and  comply  with any  material  term,
          condition  or provision  of this  Agreement or any other  agreement or
          document delivered  hereunder,  and such failure continues  unremedied
          for a period of thirty (30) days;

     (e)  any representations,  warranties, covenants or agreements contained in
          this Agreement or any document  delivered to the Lender  hereunder are
          found to be untrue or incorrect as at the date thereof; or

     (f)  any  lender  (including  the  Lender)  of  any  mortgage,   charge  or
          encumbrance  on any of  the  Company's  assets  and  undertaking  does
          anything   to  enforce  or  realize  on  such   mortgage,   charge  or
          encumbrance;

     then the Loan to the  date of such  default  shall,  at the  option  of the
     Lender, immediately become due and payable without presentment,  protest or
     notice of any kind, all of which are waived by the Company.

6. INDEPENDENT LEGAL ADVICE

6.1  The Lender acknowledges that:

     (a)  Macdonald   Tuskey,   Corporate  and   Securities   Lawyers   received
          instructions from the Company and does not represent the Lender;

     (b)  the Lender has been  requested  to obtain  its own  independent  legal
          advice on this Agreement prior to signing this Agreement;

     (c)  the Lender has been given  adequate time to obtain  independent  legal
          advice;

     (d)  by  signing  this  Agreement,   the  Lender  confirms  that  it  fully
          understands this Agreement; and

                                       5
<PAGE>
     (e)  by signing this Agreement  without first obtaining  independent  legal
          advice,  the  Lender  waives  its  right to obtain  independent  legal
          advice.

7. GENERAL

7.1  For the purposes of this Agreement, time is of the essence.

7.2  The parties hereto shall execute and deliver all such further documents and
     instruments  and do all such acts and things as may either  before or after
     the  execution of this  Agreement be  reasonably  required to carry out the
     full intent and meaning of this Agreement.

7.3  This Agreement  shall be construed in accordance with the laws of the State
     of Nevada.

7.4  This Agreement may be assigned by the Lender subject to any assignee making
     requisite  representations  to meet  applicable  securities law exemptions;
     this Agreement may not be assigned by the Company.

7.5  This Agreement may be signed by the parties in as many  counterparts as may
     be  deemed  necessary,  each of which so  signed  shall be  deemed to be an
     original,  and all such counterparts  together shall constitute one and the
     same instrument.

7.6  All notices,  requests,  demands or other communications hereunder shall be
     in  writing  and shall be "deemed  delivered"  to a party on the date it is
     hand  delivered to such party's  address  first above  written,  or to such
     other address as may be given in writing by the parties hereto.

                            (Execution Page Follows)

IN WITNESS WHEREOF the parties have hereunto set their hands effective as of the
date first above written.

AMERICAN PARAMOUNT GOLD CORP.

Per: /s/ "Hugh H. Aird"
    ---------------------------------------
    Hugh H. Aird, President

MONACO CAPITAL INC.

Per: /s/ "Andrew Godfrey"
    ---------------------------------------
    Andrew Godfrey

                                       6
<PAGE>
                                   SCHEDULE A

                     DECLARATION OF REGULATION S ELIGIBILITY

Regulation S of the Securities Act is available for the use of non-U.S.  Persons
only. This Declaration must be answered fully and returned to AMERICAN PARAMOUNT
GOLD CORP. to ensure the Company is in compliance  with the Securities  Act. All
information will be held in the strictest  confidence and used only to determine
investor status.  No information will be disclosed other than as required by law
or regulation,  other demand by proper legal process or in litigation  involving
the  company  or  its  affiliates,  controlling  persons,  officers,  directors,
partners, employees, attorneys or agents.

I, ON BEHALF OF MONACO CAPITAL INC. ("MONACO"), HEREBY AFFIRM AND DECLARE THAT:

1.   Monaco is not a resident of the United States of America.

2.   Monaco is not  purchasing  securities  for the benefit of a resident of the
     United States of America.

3.   Monaco is not purchasing  securities in the name of a company  incorporated
     in  the  United  States  of  America  or  for  the  benefit  of  a  company
     incorporated in the United States of America.

4.   Monaco  is not  purchasing  securities  in my  capacity  as  Trustee  for a
     U.S.-based Trust.

5.   Monaco is not  purchasing  securities  in my  capacity  as the  Executor or
     Administrator of the Estate of a U.S. resident.

6.   Monaco is not a U.S.  resident  purchasing  securities  through a brokerage
     account located  outside of the United States of America,  nor am I using a
     non-U.S.  brokerage  account  to  purchase  securities  for the  benefit of
     individuals  or corporate  entities  resident  within the United  States of
     America.

7.   Monaco  is not  purchasing  the  securities  in an  attempt  to  create  or
     manipulate a U.S. market.

8.   Monaco is purchasing  the  securities as an investment  and not with a view
     towards resale.

9.   I will only resell the securities to other non-U.S. residents in accordance
     with Rule 905 of Regulation S, or to U.S.  residents in accordance with the
     provisions  of Rule 144  following  the  expiration  of six months from the
     Advancement  Date,  as  defined in the  Convertible  Loan  Agreement  dated
     concurrently herewith.

10.  Monaco is permitted to purchase the  securities  under the laws of its home
     jurisdiction.

11.  I understand that if I knowingly and willingly make false  statements as to
     my eligibility to purchase or resell  securities  under Regulation S, I may
     become subject to civil and criminal  proceedings being taken against me by
     the United States Securities and Exchange Commission.

                                                     ___________________________
DATED: ______________, 2010                          Signature

                                                     ___________________________
                                                     Print Name:
                                                     Authorized Signatory

                                       7Exhibit 10.5

                              CONSULTING AGREEMENT

THIS AGREEMENT made as of the 1st day of March, 2011

BETWEEEN:

                 ILLYRIA INC.
                 5 A Thornwood Road
                 Toronto, Ontario
                 M4W2R8

                 (hereinafter called the "Consultant")
                                                              OF THE FIRST PART,
                                      -and-

                 AMERICAN PARAMOUNT GOLD CORP.
                 130 King Street West, Suite 3670
                 Toronto, Ontario
                 M5X1A9

                 (hereinafter called the "Corporation")
                                                             OF THE SECOND PART.

WHEREAS the Corporation carries on the business of Mineral Exploration &
Development,

AND WHEREAS the Corporation has engaged the Consultant to assist it in providing
strategic planning and business development services in connection with the
Business;

NOW THEREFORE THIS AGREEMENT WITNESSETH that in consideration of the premises
and the mutual covenants contained herein, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto agree as follows:

                  ARTICLE 1- ENGAGEMENT AND ACCEPTANCE OF DUTIES

1.1 The Corporation has engaged the Consultant and the Consultant accepted the
engagement with the Corporation to provide the following services (the
"Services"):

     (a)  assessing and completing business acquisitions;
<PAGE>
     (b)  financial advice concerning cash flow and management and an overview
          of the general economic landscape that would be relevant to the
          raising of capital by the Corporation; and

     (c)  developing and implementing strategic business relationships

1.2 The Consultant shall and has provided a senior executive (the "Executive")
to the Corporation who shall be a person skilled, trained and qualified for this
position and acceptable to the Board of Directors of the Corporation who shall
be responsible for the performance of the Services hereunder. The Executive
shall be and has been Leland Verner.

1.3 The Consultant shall exercise its best efforts for and on behalf of the
Corporation and shall cause the Executive to faithfully, honestly and diligently
serve the Corporation, and to devote his time, labour, skill and attention to
the performance of the Services.

1.4 The Executive shall not be obliged to devote his entire business time and
attention to the Business.

                                 ARTICLE 2-TERM

2.1 This Agreement sets out the scope and nature of the agreement and records
the terms of such engagement as at the date hereof. This Agreement shall
continue after the date hereof for a period ending December 31, 2012 subject to
earlier termination in accordance with the terms hereof.

                               ARTICLE 3-BASIC FEE

3.1 The Consultant shall be paid a basic fee (the "Fee") with adjustments as
agreed, commencing March 1, 2011 in the amount of $120,000 per annum payable in
equal monthly installments of $10,000 each within 15 days from the date of
invoice together with applicable HST. The Consultant shall be eligible to
receive additional compensation in the form of warrants or stock options at the
discretion of the Board.

                              ARTICLE 4- BLACKBERRY

4.1 The Executive shall be provided with a Blackberry communication device and
the Corporation will pay for the cost of monthly service.

                                       2
<PAGE>
                               ARTICLE 5-EXPENSES

5.1 The Consultant shall be entitled to reimbursement for all reasonable
expenses actually and properly incurred by the Consultant in the course of the
performance of the Services, subject to submission of invoices to the
Corporation and the prior written approval of such expenses by the President &
CEO of the Corporation if that expense is over $500.

           ARTICLE 6-CONFIDENTIAL INFORMATION AND RESTICTIVE COVENANTS

6.1 The Consultant acknowledges that in the course of carrying out, performing
and fulfilling the Services hereunder, the Consultant will have access to and
will be entrusted with confidential and proprietary information and trade
secrets belonging to the Corporation (the "Confidential Information"). The
Consultant acknowledges and agrees that the right to maintain the
confidentiality of the Confidential Information, and the right to preserve the
goodwill of the Corporation, constitute proprietary rights which the Corporation
is entitled to protect. Accordingly, the Consultant hereby covenants and agrees
with the Corporation that the Consultant will not at any time, either during the
term hereof or at any time thereafter, disclose any of the Confidential
Information to any person other than to the officers, directors and management
of the Corporation, or shall it use the same for any purpose other than those of
the Corporation. The foregoing provisions shall not apply to and the
"Confidential Information" shall exclude any information which is or becomes
available to, or is or becomes known to the public or to competitors of the
Corporation otherwise than by a breach of this Agreement, or to any information
the Consultant is required to disclose by order of any court or tribunal of
competent jurisdiction or to comply with any law, rule of regulation.

                            ARTICLE 7-NON-COMPETITION

7.1 The Consultant agrees that it shall not, at any time during the term of this
Agreement and for a period of 24 months thereafter, take any steps or make any
approach, either directly or indirectly, to any employee of the Corporation or
its subsidiaries calculated to lead such employee to leave his or her
employment.

7.2 THE CONSULTANT ACKNOWLEDGES AND AGREES THAT:

     (a) the duration within which the restrictions set forth in Sections 7.1
shall apply have been considered by the Consultant and the restraints and
restrictions of and on the future activities of the Consultant are reasonable in
the circumstances.

                                       3
<PAGE>
     (b) all restrictions in this Agreement are reasonable and valid and all
defenses to the strict enforcement thereof by the Corporation are hereby waived
by Consultant;

     (c) a violation of any of the provisions of this Agreement will result in
immediate and irreparable harm and damage to the Corporation; or

     (d) in the event of any violation by the Consultant of any provision of
this Agreement, the Corporation shall, in addition to any other right to relief,
be entitled to equitable relief by way of temporary or permanent injunction and
to such other relief as any court of competent jurisdiction may deem just and
proper.

7.3 The provisions of this Article 7 shall survive notwithstanding termination
of this Agreement.

                     ARTICLE 8-TERMINATION OF THE AGREEMENT

8.1 The Consultant may terminate its engagement with the Corporation at any time
by providing 2 months notice in writing to the Corporation. If the Consultant
provides such notice to the Corporation, the Corporation may require the
Consultant to cease duties prior to the expiry of the notice period provided
that it pays to the Consultant the Fee in accordance with Section 3.1 during the
notice.

8.2 The Corporation may terminate the engagement of the Consultant at any time
by providing 2 months notice in writing to the Consultant.

                       ARTICLE 9-MISCELLANEOUS PROVISIONS

9.1 The Consultant acknowledges and agrees that the Consultant is an independent
contractor, that the Consultant is not an employee of the Corporation and that
this Agreement shall not create at partnership, joint venture,
employer/employee, mater/servant or any other relationship between the
Corporation and the Consultant.

9.2 No amendment, modification or waiver of any provision of this Agreement or
consent to any departure by the parties from any provisions of this Agreement is
effective unless it is in writing and signed by the parties and the amendment,
modification, waiver or consent is effective only in the specific instance and
for the specific purpose for which it is given.

9.3 The Consultant and the Corporation shall do, execute, acknowledge and
deliver or cause to be done, executed, acknowledged and delivered such further
acts and documents as shall be reasonably required to accomplish the intention
of this Agreement.

                                       4
<PAGE>
9.4 This Agreement and all of the rights and obligations arising herefrom shall
be interpreted and applied in accordance with the laws of the Province of
Ontario and the courts of the Province of Ontario shall have exclusive
jurisdiction to determine all disputes relating to this Agreement and all of the
rights and obligations created hereby. The Consultant and the Corporation hereby
irrevocably attorn to the jurisdiction of the courts of the Province of Ontario.

9.5 In the event that any provision or any part of any provision is deemed to be
invalid by reason of the interpretation placed thereon by a court, this
Agreement shall be construed as not containing such provisions or part of such
provisions and the invalidity of such provision or such part shall not affect
the validity of any other provisions or the remainder of such provision hereof.
All other provisions here of which are otherwise lawful and valid shall remain
in full force and effect.

9.6

     (a) Except as otherwise expressly provided herein, all notices shall be in
writing and either delivered personally, by registered or certified mail or by
facsimile or electronic communication. In the case of the Corporation notice
shall be at the Corporation's office set out in the front page hereof. In the
case of the Consultant notice shall be delivered to the most current address of
the Consultant's residence on file with the Corporation.

     (b) Any notice which is delivered personally shall be effective when
delivered, any notice which is sent by registered or certified mail shall be
effective on the fifth business day following the date of mailing and any notice
which is delivered by facsimile or electronic communication shall be effective
on the first business day following the day of sending.

     (c) Any notice given by facsimile or electronic communication shall
immediately be confirmed by regular mail.

9.7 This Agreement constitutes the entire agreement between the parties as to
the matters dealt with herein. There are not and shall not be any oral
statements, representations, warranties, undertakings or agreements between the
parties.

9.8 This Agreement and all of its provisions shall inure to the benefit of and
the binding upon the parties, the successors and assigns of the Corporation and
to the legal personal representatives of the Consultant.

9.9 This Agreement will be effective as of March 1, 2011.

                                       5
<PAGE>
IN WITNESS WHEREOF this Agreement has been duly executed by the parties this
15th day of March, 2011.

ILLYRIA INC.                                AMERICAN PARAMOUNT GOLD CORP.

/s/ Leland Verner                           /s/ Hugh H. Aird
PER:                                        PER: Hugh H. Aird, President & CEO

Authorized Signing Officer                  Authorized Signing Officer

FOR VALUE RECEIVED the undersigned, being the Executive designated in the above
Consulting Agreement, hereby acknowledges and confirms the terms of the
Consulting Agreement and agrees to observe and to be bound by the terms thereof
that are binding upon the Consultant specifically including the provisions of
Article 6 and Article 7.

DATED as of 15th day of March, 2011.

                                                     PER: /s/ Leland Verner
                                                     Leland Verner

                                       6

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