Portal Resources Ltd. Sample Contracts

Option — Golden Snow Project. Fish Project and CPG Project

Option Agreement • January 15th, 2009 • Portal Resources Ltd. • Mining & quarrying of nonmetallic minerals (no fuels) • Nevada

• Contract Type
  Option Agreement
• Filed
  January 15th, 2009
• Company
  Portal Resources Ltd.
• Industry
  Mining & quarrying of nonmetallic minerals (no fuels)
• Jurisdiction
  Nevada

This letter agreement sets out the terms under which Claremont Nevada Mines LLC ("Claremont"), Scoonover Exploration LLC ("Scoonover") and JR Exploration LLC (together with Claremont and Scoonover, the "Vendors") have agreed to grant to Portal Resources US Inc. ("Portal") an option to acquire a 100% legal and beneficial interest (the "Option") in and to the following mineral claims (collectively, the "Properties"):