Option and Mining Lease Sample Contracts

FIRST AMENDMENT TO OPTION AND MINING LEASE
Option and Mining Lease • April 5th, 2012 • MAGELLAN GOLD Corp • Metal mining

On March 15, 2011, THE COWLES TRUST (as to an undivided 5/8ths interest), VIRGINIA VIERRA (as to an undivided 1/8th interest), DOROTHY FARNANDEZ (as to an undivided 1/8th interest), and EDWARD COMER (as to an undivided 1/8th interest) (collectively referred to as “Owners”) entered into an “Option and Mining Lease” (the “Agreement”) with MAGELLAN GOLD CORPORATION, a Nevada corporation (“Magellan”).

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OPTION AND MINING LEASE
Option and Mining Lease • May 18th, 2011 • MAGELLAN GOLD Corp

THIS OPTION AND MINING LEASE entered in this 15th day of March, 2011, between the Cowles Trust as to an undivided 5/8ths interest, Virginia Vierra as to an undivided 1/8th interest, Dorothy Farnandez as to an undivided 1/8th interest, and Edward Comer as to an undivided 1/8th interest (collectively referred to as "Owners"), and Magellan Gold Corporation (hereinafter "Magellan").

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