[EXHIBIT 10.1]
EXPLORATION RIGHTS AGREEMENT
The "Associated Placer Group" (APG) consisting of eight members (identified
below) agrees to grant International Star, Inc. (Istar), a Nevada corporation,
exploration rights to their 000 Xxxxxx xx Xxxx Management (BLM) claims held on
approximately 20,000 acres in Mohave County, Arizona. All claims are located
within Township 28N - Range 21W, Township 28N - Range 20W, Township 27N - Range
21W and Township 27N - Range 20W.
Terms of the agreement specific:
IStar agrees to spend a minimum of $125,000.00 in exploration costs
within the next three years on the APG claims.
IStar agrees to keep the claims in good standing by paying the BLM
"maintenance fees" due during the three-year period.
AGP agrees to extend to IStar "first right of refusal" to enter into a
20 year "Mineral Lease Agreement" on the 131 claims, renewable for an
addition 20 years, in exchange for a "Net Smelter Royalty" (NSR) of
one-quarter percent (0.25%) should IStar bring the property into
production. The "Mineral Lease Agreement" includes no cash or stock
incentives.
The above constitutes the entire agreement.
The "Exploration Rights Agreement" is effective this 13th day of February 2004
and executed per signatures below.
For themselves and as members of AGP:
/s/XXXXXX X. XXXXXXX /s/XXXXXXX XXXXXXX
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/s/XXXXXX XXXXXXXXXX /s/XXXXX X. XXXXXXX
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/s/XXXXX XXXXXXX /s/XXXXX XXXXXX
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/s/XXXXXX XXXXXXXXX /s/INTERNATIONAL STAR, INC. by its
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PRESIDENT - XXXXXX X. XXXXXXX
INTERNATIONAL STAR, INC. by its /s/PRESIDENT - XXXXXX X. XXXXXXX
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