WALKER LANE EXPLORATIONS [Stationary]
EXHIBIT 99.1
XXXXXX XXXX EXPLORATIONS
[Stationary]
January 20, 2015
Xx. Xxxxxx X. Xxxxx
00000 Xxxx Xxx Xxxxx
Reno, NV 89521
RE: Quit claim of Pyramid and West Trinity claims and cancellation of lease agreements
Dear Xx. Xxxxx,
This letter shall serve as our Agreement by and between Xxxxxx Xxxx Exploration, Inc. (“Xxxxxx Xxxx”) and Xxxxxx X. Xxxxx (“Xxxxx”) in transferring ownership of those lode claims identified below to Xxxxxx Xxxx.
Pyramid Claims:
Pyramid-1 Washoe County, NV -Township 23N, Range 21E, Section 15 NMC#1088279
Pyramid-2 Washoe County, NV – Township 23N, Range 21E, Section 15 NMC#1088280
Pyramid-3 Washoe County, NV – Township 23N, Range 21E, Section 15 NMC#1088281
Trinity Claim:
WT-1 Xxxxxxxxx County, NV -Township 24N, Range 27E, Section 17 NMC#1090104
In transferring the ownership of the above claims to Xxxxxx Xxxx, Xxxxx agrees to cancel all terms and conditions of the lease agreements entered into April 15, 2014 with SJE Mining, LLC (“SJE”) on the above mining claims, which in turn were leased to Xxxxxx Xxxx from SJE on July 31, 2014. Further, SJE agrees to cancel its lease agreements with Xxxxxx Xxxx. Both Xxxxx and SJE letters of cancellation are attached hereto as Exhibits (A) Xxxxx Cancellation and (B) SJE Cancellation.
In cancelling those Lease Agreements neither Xxxxx nor SJE are entitled to any rights relating to the areas of interest outlined in their lease agreements or any advanced or production royalties. Through Lease Cancellation, Xxxxx and SJE agree that all terms and conditions outlined in those Lease Agreements are null and void and all rights thereunder of those Claims transferred to Xxxxxx Xxxx.
For consideration of transferring the ownership and all rights to the Pyramid and West Trinity claims Xxxxxx Xxxx agrees to pay Xxxxx $10.00 per property for a total consideration of $20.00.
This agreement shall be governed by all applicable laws of the State of Nevada.
AGREED THIS 20TH DAY OF JANUARY, 2015.
BY: /s/ Xxxxxx X. Xxxxx
Xxxxxx X. Xxxxx
By: /s/ Xxxx X. Xxx
Xxxx X. Xxx, President
Xxxxxx Xxxx Exploration, Inc.
EXHIBIT A
XXXXXX XXXX EXPLORATIONS
[Stationary]
Exhibit A
January 20, 2015
SJE Mining LLC
0000 Xxxxx Xxxxx
Carson City, NV 89701
RE: Notice of cancellation of lease
Xx. Xxxxxxxxx,
I, Xxxxxx X. Xxxxx, hereby cancel the lease agreements by and between myself and SJE Mining, LLC on those mining claims known as the West Trinity and Pyramid properties which were entered into on April 15, 2014.
In cancelling those agreements, I am giving up all rights to the areas of interest and all royalties as a condition of the quit claim transfers on those claims to Xxxxxx Xxxx Exploration, Inc. through an agreement entered into on January 20, 2015.
By: /s/ Xxxxxx X. Xxxxx
Xxxxxx X. Xxxxx
Accepted: /s/ Xxxx Xxxxxxxxx
Xxxx Xxxxxxxxx, Manager
SJE Mining LLC
XXXXXX XXXX EXPLORATIONS
[Stationary]
Exhibit B
January 20, 2015
Xxxx X. Xxx
President
Xxxxxx Xxxx Exploration, Inc
000 X. Xxxxx Xxxxxx
Carson City, NV 89703
RE: Cancellation of West Trinity and Pyramid lease agreements
Dear Mr. Xxx,
SJE Mining LLC (SJE) entered into lease agreements on those mining properties known as Pyramid and West Trinity with your Company on July 31, 2014. This letter is to notify you that SJE is cancelling those agreements in lieu of Xx. Xxxxxx X. Xxxxx’ transfer of ownership of those claims to your Company.
In cancelling those lease agreements, SJE hereby gives up any and all rights to any royalties or other benefits that SJE may have been entitled to under those Lease Agreements.
Very truly yours,
/s/ Xxxx Xxxxxxxxx
Xxxx Xxxxxxxxx
Manager
SJE Mining LLC