MINING LEASE AGREEMENT
The Mining Lease Agreement (“Agreement”) is made and entered into by and between Shoshone Silver
Mining Co., an Idaho corporation, and Sterling Mining Co. , an Idaho corporation.
NOW, THEREFORE, in consideration of their mutual promises, the parties agree as follows:
A. Shoshone is the owner of and in possession of certain unpatented mining claims situated in Shoshone
County, Idaho described in Exhibit A attached to and by this reference incorporated in this agreement.
B. Shoshone desires to grant to Sterling certain rights in and to a portion of two (2) unpatented mining claims.
C. Sterling desires to examine the mineral potential of a portion of two (2) unpatented mining claims and
possibly to develop commercial mines thereon.
1. Definitions : The following defined terms, wherever used in this Agreement, shall have the meanings
1.1. “Effective Date” shall mean January 19, 2004.
1.2. “Shoshone” shall mean Shoshone Silver Mining Co.
1.3. “Sterling” shall mean Sterling Mining Co.
1.4. “Lease Year” shall mean each one (1) year period following the Effective Date and each anniversary
of the Effective Date.
1.5. “Minerals” shall mean gold, silver, platinum, antimony, mercury, copper, lead, zinc, and all other
mineral elements and mineral compounds, and geothermal resources, whether the same are known to
exist on the Property or are discovered on the Property after the Effective Date and regardless of the
method of extraction, mining, or processing the same, whether known to exist or invented or
developed after the Effective Date.
1.6. “Exploration and Mining Operations” shall mean every kind of work done on or in respect of the
Property or the product derived from the same including, but not limited to, the work of assessment;
geophysical, geochemical and geological surveys; studies and mapping; drilling, tunneling and shaft-
1.7. “Net Pro