OPTION AGREEMENTOption Agreement • June 30th, 2006 • Wits Basin Precious Minerals Inc • Gold and silver ores • British Columbia
JOURNEY RESOURCES CORPORATION, a company duly organized pursuant to the laws of the Province of British Columbia and having an office at #1208 - 808 Nelson Street, Vancouver, British Columbia, V6Z 2H2
Memorandum of AgreementMemorandum of Agreement • June 30th, 2006 • Wits Basin Precious Minerals Inc • Gold and silver ores
The Optionee can acquire a 51% undivided right, title and interest in and to the Property (“Hawk MacNugget Claims” as per Schedule A attached hereto) and the Property rights free and clear of all Encumbrances except as noted by making payments to the Optionors in the following amounts and by the dates indicated subject to TSX and Board Approval where necessary:
Memorandum of AgreementMemorandum of Agreement • June 30th, 2006 • Wits Basin Precious Minerals Inc • Gold and silver ores
The Optionee can acquire a 50% undivided right, title and interest in and to the Property (“Hawk MacNugget Claims” as per Schedule A attached hereto) and the Property rights free and clear of all Encumbrances except as noted by making payments to the Optionee in the following amounts and by the dates indicated subject to any regulatory approvals where necessary:
