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JOINT VENTURE AGREEMENT

Joint Venture JV Agreement

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This Joint Venture JV Agreement involves

EAST DELTA RESOURCES CORP

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Title: JOINT VENTURE AGREEMENT
Date: 8/8/2005

JOINT VENTURE AGREEMENT, Parties: east delta resources corp
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EXHIBIT 99.2

 

 

         Jinping Huaqiao Gold Mines Development & Cooperation Contract.

         --------------------------------------------------------------

 

Cooperation Parties:

 

Party A: Guiyang High Tech Meiya Investment Ltd.

 

Party B: Guizhou Jinping County Huaqiao Gold Mine

 

Contract Contents:

 

1. Party A & B agreed to set up a Joint Venture Corporation to develop the

existing gold mine & the out side one square kilometre ( North East side one

kilometre long & one kilometre wide) for further exploration ( Party B to apply

for this land exploration permit).

 

2. Party A will provide 3 million yuan & high technology as the contribution to

this joint venture. Party B will provide the existing gold mine equipment,

assets & mining permits & the North East one square kilometre Extension

exploration permit as its contribution.

 

3. Joint Venture Corporation ownership: Party A 77.5% & Party B 22.5%.

 

4. Party B declared that the company has no debt, no internal dispute & no other

dispute with the neighbour. From the date of signing the contract, if there is

any of the above problems, it will be handled & paid for by Party B & there is

no relation with the party A & the new Joint Venture Company.

 

5. Party A & B recognized the increase risk of exploration, will gain new

opportunities & create the win-win position. Because of this, Party B realize

Party A taking the type of high risk & agreed Party A to invest 3 millions yuan,

mainly in the exploration work. In order to discover the new resources for the

future development & profit. For these reasons, Party


 
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