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COST SHARING AGREEMENT THIS AGREEMENT is dated
the 1st day of October, 2004. BETWEEN: MINCO MINING & METALS
CORPORATION, located at Suite 1980 - 1055 West Hastings Street,
Vancouver, B.C., V6E 2E9 ("Minco") AND: MINCO SILVER CORPORATION,
located at Suite 1980 - 1055 West Hastings Street, Vancouver, B.C.,
V6E 2E9 ("Minco Silver") AND: TRANZCOM CHINA SECURITY NETWORKS
INC., located at Suite 1980 - 1055 West Hastings Street, Vancouver,
B.C., V6E 2E9 "Tranzcom") AND: AQUASOL ENVIROTECH LTD., located at
Suite 1980 - 1055 West Hastings Street, Vancouver, B.C., V6E 2E9
("Aquasol") (hereinafter collectively referred to as the
"Sub-Tenants") WHEREAS: A. Minco has entered into an agreement with
Guinness Tower Holdings Ltd. and Omers Realty Corporation to lease
the premises located at Suite 1980, 1055 West Hastings Street,
Vancouver, B.C., V6E 2E9 (the "Premises"); and B. Minco wishes to
enter into an agreement with the sub-tenenats to share in the
office expenses for the Premises as more specifically described
below. NOW THEREFORE it is hereby agreed as follows: 1. Minco and
the Sub-Tenants agree that the shared expenses will include the
following: a. Office Rental cost on a percentage basis (t
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