THIS PURCHASE AGREEMENT BETWEEN:
GOLDVALE RESOURCES INC.
#2006 – 3070 Guildford Way
Attention: Steve Merry
1201 – 1188 Quebec Street
RE: SALE AND ACQUISITION OF MINERAL CLAIMS,
NORTH-CENTRAL BRITISH COLUMBIA, CANADA
The following terms and conditions are applicable for the sale of 2 mineral claims 200 km northeast of Smithers,
British Columbia, Canada by Ana Simpson (herein after referred to as “RS”) to Goldvale Resources Inc. (herein
after referred to as “GVR”). Both RS and GVR agree to the following:
By signature witnessed below, the undersigned hereby acknowledge that they have read and understood and
agree to the aforementioned terms.
a) RS will transfer title to the mineral claims listed in Exhibit “A” and outlined in Exhibit “B” to GVR within
30 days of this agreement. These claims will be contiguous hard rock mineral claims covering over 850
b) RS will provide to GVR within 30 days of this agreement a geological report summarizing the mineral
claims, particulars of recent sampling and geological investigation, copies of all records, a budget for
further work and recommendations, and all other information and material relevant to a geological report
requisite for filing with the regulatory bodies.
c) RS will ensure that the claims shall be maintained in good standing for up to 24 months from the date of
claim recording and can provide geological consulting services for the claims.
d) RS shall sell 100% (one hundred percent) interest in the claims to GVR subject to a 2½% Net Smelter
Royalty (NSR) a total of $25,000.00. 1½% of the NSR can be acquired for $1.0 million within 12
months from commencement of commercial production. Advance royalties of $20,000 shall be paid
annually commencing January 17, 2010.
e) If GVR fails to make the advance royalty payments on the 5 year anniversary of the claims, as des