7. SUBSEQUENT EVENTS

3 Months Ended

Sep. 30, 2014

7. SUBSEQUENT EVENTS

On October 2, 2014, the Company signed a definitive Exploration Program Agreement (the "Agreement") with Coeur. The Agreement calls for Coeur to fund a Central Nevada Exploration Program within a specified Area of Interest for a three-year period. During the Agreement period, Coeur will have the right to select target properties identified and acquired or appropriated by the Company, and earn up to 80% interest in the target properties by meeting certain minimum investment and other requirements. Prior to selection of any target properties, Coeur will pay certain consulting and field-related costs associated with the Program, along with a 10% administrative fee to the Company.

On October 21, 2014, the Company signed an Earn-In Option Agreement (the "Earn-In") with Coeur for the Klondyke area, Nevada. Pursuant to the terms of the Earn-In, Coeur may exercise its option to acquire an initial 60% interest in the target properties by spending a minimum of $2 million in exploration and development expenses on the target properties over a 3-year period and completing a NI 43-101 compliant Technical Report. Upon completion of the earn-in requirements, the parties will form a limited liability company for purposes of further exploration, development, and mining of the target properties, with Coeur having a 60% membership interest and the Company having a 40% membership interest. During the Earn-In period, Coeur has the option to acquire the Company's entire interest in the target properties, subject to terms of the Earn-In. As operator, the Company will conduct the exploration, development, and related work at the target properties under budgets approved by Coeur.

On October 31, 2014, the Company entered into an Exploration and Mining Lease and Option to Purchase Agreement with a related party for the Green Monster-Danville Property, which consists of 91 unpatented lode-mining claims located on Bureau of Land Management lands in the Danville Mining District, Nye County, Nevada. The related party is a shareholder (not an officer or director) who exercises voting rights over 9.3% percent of the Company's common stock. 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	$	2,500	*		-
First Anniversary of the Agreement		5,000			-
Second Anniversary of the Agreement		10,000			-
Third Anniversary of the Agreement		20,000			-
Fourth Anniversary of the Agreement		30,000			-
Fifth Anniversary of the Agreement		40,000			-
SixthAnniversary through the tenth anniversary		50,000			-
Eleventh Anniversary through the fifteenth		75,000			-
Sixteenth Anniversary and thereafter		100,000			-

*Plus reimbursement of the 2014 -15 BLM Annual Maintenance Fee of $12,245.00 and Nye County Notice to Intent to Hold Fee of $833.50.

Work Commitment

Lease Year	Amount
First Lease Year	$	5,000
Second Lease Year		10,000
Third Lease Year and thereafter		50,000