AMENDMENT TO OPTION AGREEMENT
THIS AGREEMENT made as of the 22nd day of March, 2001.
JOHN D. MACPHERSON, of Box 461 Robson, BC V0G 1X0
OF THE FIRST PART
COYOTE VENTURES CORP., of T9 - 1501 Howe Street Vancouver, BC V6Z 2P8
OF THE SECOND PART
A. The parties entered into an option agreement dated July 15, 2000 (the "Agreement");
B. The parties wish to amend the Agreement to extend certain dates for completion of work programs on the
NOW THEREFORE THIS AGREEMENT WITNESSES THAT in consideration of the mutual covenants and
conditions herein contained and in consideration of the sum of $1000.00 US paid by the Optionee to the
Optionor (the receipt of which is hereby acknowledged) the parties have agreed and do hereby agree as follows:
1. The Agreement is hereby amended by deleting paragraphs 4(b)(ii) and 4(b)(iii) and replacing it with the
(iii) incurring Exploration Expenditures of up to $112,000 US on the Property as follows:
(A) $2,000 US on or before December 31, 2000;
(B) a further $10,000 US on or before September 30, 2001; and
(C) a further $100,000 US on or before December 31, 2002.
2. The Agreement is deemed to have been amended as of the day and year first above written and, in all other
respects, save and except as herein provided, the Agreement is hereby confirmed.
[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK]
4.(b) (ii) paying the Optionor up to $560,000 US as follows:
(A) $10,000 US on or before June 30, 2001, the first
anniversary of the date of this Agreement;
(B) an additional $50,000 US on or before June 30, 2002;
(C) an additional $500,000 US on or before December 31, 2002.
3. This Agreement may be executed in counterparts which together shall form one and the same instrument.
IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the day and year first above