![[altiusagreement002.jpg]](https://capedge.com/proxy/20-F/0001217160-05-000041/altiusagreement002.jpg)
Mark O'Dea
President, Fronteer Development Group inc. Suite 1640, 1066 West Hastings Street Vancouver, BC
V6E 3X1
Mark,
Below are the terms of the alliance between Altius Minerals Corporation (50%) and Fronteer Development Group (50%) to evaluate and explore for copper-uranium-gold deposits in the area of central Labrador defined heroin as the Area of Interest (the "A0I"). The objective of the alliance is to attract a senior mining company to fund ongoing exploration and project development.
-Targets will be jointly selected for staking. Up to 1000 (one thousand) claims will be staked and held on behalf of the alliance by Altius Resources Inc, the wholly-owned, Newfoundland and Labrador registered operating subsidiary of Altius Minerals Corporation,
-The cost of such staking, to a maximum cost of CAD$60K (for a maximum of 1000 claims) shall be funded equally by Altius and Fronteer. The cost to register each claim is $10.00. The Department of Mines and Energy of Newfoundland and Labrador will refund a security deposit of $50.00 per claim upon expenditures of $200.00 per claim end acceptance of an assessment report documenting such expenditures. Any such security deposits refunded will be distributed in proportion to respective Interest held
- The AOI is shown on the accompanying map, which outlines the eighteen, 1:50K map sheets that comprise the Area of interest, The A01 will remain in effect for the term of the alliance. Neither party shall be restricted or limited In any way from staking or exploring for its own account in areas outside the AOl, and has no obligation to offer other claims to the alliance.
-The alliance will remain in effect as long as any of the jointly staked claims remain in goad standing but in any event for a period of at least two years. The term can be extended by mutual agreement.
-If either party wishes to explore for other mineral deposit types or commodities within the A0I, it must first request permission In writing from the other party, which shall respond in writing within 30 days.
-Fronteer and Altius agree to form an alliance committee consisting of two members from each company. The alliance agrees to jointly plan and conduct and to equally fund and supply personnel to a reconnaissance exploration program totaling approximately CAD$200K (~CAD$100K each) prior to the first anniversary of the exploration licenses.
-With respect to the work programs, Altius will assume primary responsibility for lends management, permitting, project accounting, logistics, assessment reports as welt as government and community relations. Fronteer will assume primary responsibilities for GIS data management, geoscience support, and technical reporting. Each party will charge at cost for services rendered to the alliance on a monthly basis. Responsibility for project marketing and any negotiations with potential partners will be jointly coordinated.
We look forward to shared success in this endeavor.
Brian Dalton, President
Altius Minerals Corporation
Altius Minerals Corporation
53 Bond Street, Suite 201. P.O. Box 385, St. John's, Newfoundland. Canada. AIC X39
Tel 709.576.3440 Fax: 709.576.3441 email: altius@altius.nf.net. http://www.alt-min.com
Schedule A
Mines and Energy
Government HomeIHome Contact Us I FAQs I How Do IMineral Rights| Publications|Exploration |Maps
Mineral Rights Inquiry Results
Total records retrieved: 27
Mineral Rights Licence Number:10343M
Claim Status:Issued
Location:White Bear Lake
Current Number of Claims:175
Owners Name:Altius Resources Inc.
Issuance Date:10/29/2004 NTSMaps:13J12E 13J12W
Mineral Rights Licence Number:10344M
Claim Status:Issued
Location:West Micmac Lake
Current Number of Claims:132
Owners Name:Altius Resources Inc,
Issuance Date:10/29/2004NTSMaps:13J12W 13K 9E
Mineral Rights Licence Number:10046M
Claim Status:Issued
Location:West Micmac Lake
Current Number of Claims:181
Owners Name:Altius Resources Inc.
Issuance Date:4/12/2004
NTS Maps:13K 9E 13J12W
Mineral Rights Licence Number:10047M Claim Status:Issued
Location:West Micmac Lake
Current Number of Claims:120
Owners Name:Altius Rcsources Inc.
Issuance Date:4/12/2004NTS Maps:13J12W
Mineral Rights Licence Number:10048M Claim Status:Issued
Location:West Micmac Lake
Current Number of Claims:137
Owners Name:Altius Resources Inc.
Issuance Date:4/12/2004NTS Maps:13J12W
http://gis.geosurv.gov.nf.calmrights/mrDisplay.asp
Mineral Rights Inquiry Form
Page 2 of 5
Mineral Rights Licence Number:10049M
Claim Status:Issued
Location:West Micmac Lake
Current Number of Claims:166
Owners Name:Altius Resources Inc.
Issuance Date:4/12/2004
NTSMaps:13J12E 13J12W
Mineral Rights Licence Number:10050M
Claim Status:Issued
Location:Makkovik River
Current Number of Claims:147
Owners Name:Altius Resources Inc.
Issuance Date:4/12/2004NTS Maps:13J12E
Mineral Rights Licence Number:10051M
Claim Status:Issued
Location:Makkovik River
Current Number of Claims:220
Owners Name:Altius Resources Inc.
Issuance Date:4/12/2004NTS Maps:13J13E 13J12E
Mineral Rights Licence Number:10052M
Claim Status:Issued
Location:Makkovik River
Current Number of Claims:127
Owners Name:Altius Resources Inc.
Issuance Date:4/12/2004
NTS Maps:13J11W 13J12E 13J14W 13J13E
Mineral Rights Licence Number:10053M
Claim Status:Issued
Location:Makkovik River
Current Number of Claims:111
Owners Name:Altius Resources Inc.
Issuance Date:4/12/2004NTS Maps:13J13E 13112E
Mineral Rights Licence Number:10054M
Claim Status:Issued
Location:Makkovik River
Current Number of Claims:170
Owners Name:Altius Resources Inc.
Issuance Date:4/12/2004NTS Maps:13J13E
http://gis.geosurv.gov.nf.ca/mrights/mrDisplay.asp
Mineral Rights Inquiry Form
Page 3 of 5
Mineral Rights Licence Number:10055M
Claim Status:Issued
Location:Makkovik River
Current Number of CIaims:136
Owners Name:Altius Resources Inc.
Issuance Date:4/12/2004
NTS Maps:13J13E 13J14W
Mineral Rights Licence Number:10056M
Claim Status:Issued
Location:Makkovik River
Current Number of Claims:126
Owners Name:Altius Resources Inc,
Issuance Date:4/12/2004NTS Maps:13J13E
Mineral Rights Licence Number:10057M
Claim Status:Issued
Location:Makkovik River
Current Number of CIaims:40
Owners Name:Altius Resources Inc.
Issuance Date:4/12/2004NTS Maps:13J14W 13J13E
Mineral Rights Licence Number:10058M
Claim Status:Issued
Location:Makkovik River
Current Number of Claims:30
Owners Name:Altius Resources Inc.
Issuance Date:4/12/2004NTS Maps:13J13E
Mineral Rights Licence Number:10059M
Claim Status:Issued
Location:Kaipokok Bay
Current Number of Claims:54
Owners Name:Altius Resources Inc.
Issuance Date:4/12/2004NTS Maps:13J13E 13J13W
Mineral Rights Licence Number:09718M
Claim Status:Issued
Location:Kaipokok Bay
Current Number of Claims:8
Owners Name:Altius Resources Inc.
Issuance Date:10/24/2003NTSMaps:13J13W
http//gis.geosurv.gov.nf.ca/mrights/uirDisplay.asp
Mineral Rights Inquiry Form
Page 4 of 5
Mineral Rights Licence Number:09719M
Claim Status:Issued
Location:Kaipokok Bay
Current Number of Claims:32
Owners Name:Altius Resources Inc.
Issuance Date:10/24/2003NTS Maps:13J13E
Mineral Rights Licence Number:09720M
Claim Status:Issued
Location:Kaipokok Bay
Current Number of Claims:60
Owners Name:Altius Resources Inc,
Issuance Date:10/24/2003NTS Maps:13J13E 13J13W
Mineral Rights Licence Number:09721M
Claim Status:Issued
Location:East Micmac Lake
Current Number of Claims:36
Owners Name:Altius Resources Inc.
Issuance Date:10/24/2003NTS Maps:13J12W 13J13W
Current Number of Claims:100
Issuance Date:10/24/2003
NTS Maps:13J12W
Mineral Rights Licence Number:09482M
Claim Status:Issued
Location:West Micmac Lake
Current Number of Claims:145
Owners Name:Altius Resources Inc.
Issuance Date:4/28/2003NTS Maps:13J12W 13K 9E
Mineral Rights Licence Number:09410M
Claim Status:Issued
Location:Kaipokok Bay
Current Number of Claims:136
Owners Name:Altius Resources Inc.
Issuance Date:3/27/2003NTS Maps:13J13E
http://gisgeosurv.gov.nf.ca/mrights/mrDisplay.asp
Mineral Rights Licence Number:09411M_
Claim Status:Issued
Location:Kaipokok Bay
Current Number of Claims:128
Owners Name:Altius Resources Inc.
Issuance Date:3/27/2003NTS Maps:13J13E
Mineral Rights Licence Number:09412M
ClaimStatus: Issued
Location:East of Kaipokok Bay
Current Number of Claims:190
Owners Name:Altius Resources Inc.
Issuance Date:3/27/2003NTS Maps:13J12W 13K 9E
Mineral Rights Licence Number:09413M
Claim Status:Issued
Location:White Bear Lake
Current Number of Claims:42
Owners Name:Altius Resources Inc.
Issuance Date:3/27/2003NTS Maps:13J12E
Mineral Rights Licence Number:09414M
Claim Status:Issued
Location:White Bear Lake
Current Number of Claims:63
Owners Name:Altius Resources Inc.
Issuance Date:3/27/2003NTS Maps:13J12E
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Mineral Rights Inquiry Form
Page 1 of 3
Mines and Energy
Government Home | Home | Contact Us |FAQs |How Do I ![[altiusagreement004.jpg]](https://capedge.com/proxy/20-F/0001217160-05-000041/altiusagreement004.jpg)
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Mineral Rights Inquiry Results
Total records retrieved: 13
Mineral Rights Licence Number:10281M
Claim Status:Issued
Location:Fraser Lake
Current Number of Claims:12
Owners Name:Altius Resources Inc.
Issuance Date:8/23/2004NTS Maps:13L 5W
Not Applicable
Mineral Rights Licence Number:10282M
Claim Status:Issued
Location:Fraser Lake
Current Number of Claims:15
Owners Name:Altius Resources Inc.
Issuance Date:8/23/2004NTS Maps:13L 5W
![[altiusagreement006.jpg]](https://capedge.com/proxy/20-F/0001217160-05-000041/altiusagreement006.jpg)
Mineral Rights Licence Number:10176M
Claim Status:Issued
Location:Fraser Lake
Current Number of Claims:12
Owners Name:Altius Resources Inc.
Issuance Date:6/22/2004NTS Maps:13L 5W
Not Applicable
Mineral Rights Licence Number:10073M
Claim Status:Issued
Location:Spot Lake
Current Number of Claims:256
Owners Name:Altius Resources Inc.
Issuance Date:4/19/2004NTS Maps:13L12
Mineral Rights Licence Number:10074M
ClaimStatus: Issued
Location:Fraser Lake
Current Number of Claims:185
Owners Name:Altius Resources Inc.
Issuance Date:4/19/2004NTS Maps:13L 4W 13L 5
Not Applicable
Mineral Rights Licence Number:10075M.
Claim Status:Issued
Location:Fraser Lake
Current Number of Claims:200
Owners Name:Altius Resources Inc.
Issuance Date:4/19/2004
Not Applicable
NTS Maps:13L 5W
Mineral Rights Licence Number:10076M
Claim Status:Issued
Location:Fraser Lake
Current Number of Claims:256
Owners Name:Altius Resources Inc.
Issuance Date:4/19/2004
NTS Maps:13L 5E 13L 5W
Not Applicable
Mineral Rights Licence Number:10077M
Claim Status:Issued
Location:Fraser Lake
Current Number of Claims:256
Owners Name:AItius Resources Inc.
Issuance Date:4/19/2004
Not Applicable
NTS Maps:13L 5E 13L 5W
Mineral Rights Licence Number:10078M
Claim Status:Issued
Location:Fraser Lake
Current Number of Claims:256
Owners Name:Altius Resources Inc.
Issuance Date:4/19/2004
NTS Maps:13L12 13L 5E 13L 5W
Not Applicable
Mineral Rights Licence Number:10083M
Claim Status:Issued
Location:Spot Lake
Current Number of Claims:123
Owners Name:Altius Resources Inc.
Issuance Date:4/19/2004NTS Maps:13L12 13L 5E
Not Applicable
Mineral Rights Licence Number:10015M
Claim Status:Issued
Location:Fraser Lake
Current Number of Claims:200
Owners Name:Altius Resources Inc.
Issuance Date:3/29/2004
Not Applicable
NTS Maps:13L 5W
http://gis.geosurv.gov.nfxa/mrights/mrDisplay.asp
Mineral Rights Licence Number:09441M
Claim Status:Issued
Location:Naskaupi River
Current Number of Claims:38
Owners Name:Altius Resources Inc.
Issuance Date:4/3/2003NTS Maps:13L 1 13L 8
Mineral Rights Licence Number:094I7M
Claim Status:Issued
Location:Letitia Lake
Current Number of Claims:41
Owners Name:Altius Resources Inc.
Issuance Date:3/27/2003NTS Maps:13L 1
Government Home|Department Home |Geological Survey |Mineral Lands IMineral Development
http://gis.geosurv.gov.nf.ca/mrights/mrDisplay.asp
Mines and Energy
Government Home | Home | Contact Us |FAQs |How Do I ![[altiusagreement008.jpg]](https://capedge.com/proxy/20-F/0001217160-05-000041/altiusagreement008.jpg)
,Mineral Rights| Publications | Exploration | Maps
Mineral Rights Inquiry Results
Total records retrieved: 8
Mineral Rights Licence Number:10344M
Claim Status:Issued
Location:West Micmac Lake
Current Number of Claims:132
Owners Name:Altius Resources Inc.
Issuance Date:10/29/2004NTS Maps:13J12W 13K 9E
Mineral Rights Licence Number:10046M
Claim Status:Issued
Location:West Micmac Lake
Current Number of Claims:181
Owners Name:Altius Resources Inc.
Issuance Date:4/12/2004NTS Maps:13K 9E 13J12W
Mineral Rights Licence Number:10022M
Claim Status:Issued
Location:West Micmac Lake
Current Number of Claims:190
Owners Name:Altius Resources Inc.
Issuance Date:4/2/2004NTS Maps:13K 9E
Mineral Rights Licence Number:09723M
Claim Status:Issued
Location:West Micmac Lake
Current Number of Claims:42
Owners Name:Altius Resources Inc.
Issuance Date:10/24/2003NTS Maps:13K 9E
Mineral Rights Licence Number:09482M
Claim Status:Issued
Location:West Micmac Lake
Current Number of Claims:145
Owners Name:Altius Resources Inc.
Issuance Date:4/28/2003NTS Maps:13J12W 13K 9E
http://gis,geosurv.gov.nf.ca/mrights/rnrDisplay.asp
Mineral Rights Inquiry Form
Page 2 of 2
Mineral Rights Licence Number:09412M
Claim Status:Issued
Location:East of Kaipokok Bay
Current Number of Claims:190
Owners Name:Altius Resources Inc.
Issuance Date:3/27/2003NTS Maps:13J12W 13K 9E
Mineral Rights Licence Number:09415M
Claim Status:Issued
Location:Pocketknife Lake
Current Number of Claims:40
Owners Name:Altius Resources Inc
Issuance Dale:3/27/2003NTS Maps:13K 6
Mineral Rights Licence Number:09416M
Claim Status:Issued
Location:Otter Lake
Current Number of Claims:72
Owners Name:Altius Resources Inc.
Issuance Date:3/27/2003NTS Maps:13K 3
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