4. MINERAL PROPERTY COMMITMENTS - RELATED PARTY

3 Months Ended

Mar. 31, 2013

Mineral Industries Disclosures Related Pary

4.            MINERAL PROPERTY COMMITMENTS - RELATED PARTY

Klondike North Property.  On October 24, 2011, the Company entered into an Exploration and Mining Lease and Option to Purchase Agreement for the Klondike North Property, which consists of 12 unpatented lode-mining claims located on Bureau of Land Management lands in the Klondike Mining District, Esmerelda County, Nevada.  The Company has the right to conduct all customary mineral exploration activities in return for the following commitments:

Advanced Royalty Payments

Date	Payment Amount	Common Shares
Upon execution of Agreement	$                            -	500,000
First Anniversary of the Agreement	10,000	-
Second Anniversary of the Agreement	20,000	-
Third Anniversary of the Agreement	30,000	-
Fourth Anniversary of the Agreement	40,000	-
Fifth through the tenth Anniversary	50,000	-
Eleventh Anniversary and thereafter	100,000	-

The Company fair valued the 500,000 shares issued for the above acquisition of mineral rights at $0.02 and accounted for $10,000 as unproved property.

Work Commitment

Lease Year	Amount
First Lease Year	$                5,000
Second Lease Year	25,000
Third Lease Year	50,000
Fourth Lease Year	75,000
Fifth Lease Year and thereafter	100,000

Divide Property.  On February 21, 2012, the Company entered into an Exploration and Mining Lease and Option to Purchase Agreement for the Divide Property, which consists of 10 unpatented lode-mining claims located on Bureau of Land Management lands in the Divide Mining District, Esmerelda County, Nevada.  The Company has the right to conduct all customary mineral exploration activities in return for the following commitments:

Advanced Royalty Payments

Date	Payment Amount	Common Shares
Upon execution of Agreement	$                            -	100,000
First Anniversary of the Agreement	10,000	-
Second Anniversary of the Agreement	20,000	-
Third Anniversary of the Agreement	30,000	-
Fourth Anniversary of the Agreement	40,000	-
Fifth Anniversary and thereafter	50,000	-

The Company fair valued the 100,000 shares issued for the above acquisition of mineral rights at $0.02 and accounted for $2,000 as unproved property.

Work Commitment

Lease Year	Amount
First Lease Year	$                     5,000
Second Lease Year	25,000
Third Lease Year	50,000
Fourth Lease Year	75,000
Fifth Lease Year and thereafter	100,000

Eagleville Property.  On July 27, 2012, the Company entered into an Exploration and Mining Lease and Option to Purchase Agreement for the Eagleville Property, which consists of 58 unpatented lode-mining claims located on Bureau of Land Management lands in the Eagleville Mining District, Mineral County, Nevada.  The Company has the right to conduct all customary mineral exploration activities in return for the following commitments:

Advanced Royalty Payments

Date	Payment Amount	Common Shares
Upon execution of Agreement	$                    6,000	300,000
On or prior to the 1st Anniversary of the Agreement	15,000	150,000
On or prior to the 2nd Anniversary of the Agreement	20,000	150,000
On or prior to the 3rd Anniversary of the Agreement	30,000	-
On or prior to the 4th Anniversary of the Agreement	40,000	-
On or prior to the 5th through the 10th Anniversary	50,000	-
On or prior to the 11th Anniversary and thereafter	100,000	-

The Company fair valued the 300,000 shares issued for the above acquisition of mineral rights at $0.10 and accounted for $30,000 as unproved property.

Work Commitment

Lease Year	Amount
First Lease Year	$                     5,000
Second Lease Year	10,000
Third Lease Year	25,000
Fourth Lease Year	50,000
Fifth Lease Year and thereafter	100,000