RELINQUISHMENT and SURRENDER of
LEASE and OPTION
FOR GOOD AND VALUABLE
CONSIDERATION, the receipt and sufficiency of which being hereby
acknowledged, Yellowcake Mining, Inc. (the
“Lessee”), and Eagle Venture Group LLC (the
“Lessor”), under a certain lease and option agreement
made between the parties dated December 28, 2007 (the “Lease
and Option”), do hereby mutually agree to terminate and
cancel said Lease and Option effective immediately and all rights
and obligations under said Lease and Option are hereby
cancelled.
All the interests
of Lessee in the property under or by virtue of the Lease and
Option are hereby absolutely extinguished effective immediately . The Lessee hereby releases the Lessor from all
obligations arising under the Lease and Option. The Lessor hereby
releases the Lessee from all obligations arising under the Lease
and Option.
The Lessee hereby quits claims to
the real property more particularly described in Schedule
“A” attached hereto, together with all appurtenances
and water rights incident thereto.
This agreement shall be binding
upon the parties, their successors, assigns and personal
representatives.
In witness whereof, the Lessee
has signed this 15th day of May, 2009.
YELLOWCAKE MINING
INC.
|
By:
|
/s/ William
Tafuri
|
|
Name:
|
William
Tafuri
|
|
Title:
|
President, CFO,
Secretary and Treasurer
|
|
PROVINCE OF
BRITISH COLUMBIA
|
)
|
|
|
)SS
|
|
COUNTY OF
____________________
|
)
|
On this 15th day of May, 2009,
there personally came before me William Tafuri, as President and
CEO of Yellowcake Mining, Inc., a Nevada corporation and
acknowledged the foregoing to be his free act and deed in his said
capacity and the free act and deed of said a Nevada
corporation.
/s/
Karen Richardson
NOTARY
PUBLIC
|
|
Residing
at:
|
KAREN F.
RICHARDSON
|
|
|
|
Barrister
& Solicitor
|
|
|
|
800-885 West
Georgia Street
|
|
|
|
Vancouver, BC
V6C 3H1
|
|
|
|
Telephone:
(604) 687-5700
|
My Commission Expires:
My commission never
expires
- 2 -
Schedule “A”
Mining Properties and Disclosure of Matters
Relating to Mining Properties
The Switchback Claims
Legal Description:
|
CLAIM GROUPS AND
CLAIM NAMES
|
LOCATION
DATE
|
CMC NO.
|
DATE
FILED
WITH
BLM
|
CO. DOC.
NO.
|
DATE REC.
|
LOCATOR
|
COMMENTS
|
|
|
|
|
|
|
|
|
|
|
Switchback #1A Group
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Swithback #1A
|
12-10-2005*
|
256652
|
1-13-2006
|
748478
|
12-21-2005
|
Eagle
Venture
Group LLC
|
*Amendment
Date
|
|
Swithback
#2A
|
"
|
256653
|
"
|
748479
|
"
|
"
|
"
|
|
Swithback
#3A
|
"
|
256654
|
"
|
748480
|
"
|
"
|
"
|
|
Swithback
#4A
|
"
|
256655
|
"
|
748481
|
"
|
"
|
"
|
|
Swithback
#5A
|
"
|
256656
|
"
|
748482
|
"
|
"
|
"
|
|
Swithback
#6A
|
"
|
256657
|
"
|
748483
|
"
|
"
|
"
|
|
Swithback
#7A
|
"
|
256658
|
"
|
748484
|
"
|
"
|
"
|
|
Switchback
#10A
|
"
|
256659
|
"
|
748485
|
"
|
"
|
"
|
|
Switchback
#11A
|
"
|
256660
|
"
|
748486
|
"
|
"
|
"
|
|
Switchback
#12A
|
"
|
256661
|
"
|
748487
|
"
|
"
|
"
|
|
Switchback
#13A
|
"
|
256662
|
"
|
748488
|
"
|
"
|
"
|
|
Switchback
#14A
|
"
|
256663
|
"
|
748489
|
"
|
"
|
"
|
|
Switchback
#15A
|
"
|
256664
|
"
|
748490
|
"
|
"
|
"
|
|
Switchback
#16A
|