Exhibit 10.2 DIAMOND S HOLDINGS LTD. - -------------------------------------------------------------------------------- 818-470 Granville Street Vancouver, B.C. Canada V6C 1V5 August 1, 2005 Claron Ventures Inc. 1880-1055 West Georgia Street Vancouver, B.C. V6E 3P3 Attention: Trevor Sali - ------------------------- Dear Sir: Re: Lucky Todd Claims Princeton Area British Columbia, Canada ------------------------- Diamond S. Holdings Ltd. agrees to do the exploration work for Claron Ventures Inc. on the Lucky Todd property approximately 22 miles west of Princeton, British Columbia Canada. The work will consist of completing the recommended exploration phase of the "Geological Evaluation Report on the Lucky Todd Mineral Cliams" dated July 31, 2005 by Laurence Sookochoff, P.Eng., and will be performed under his supervision. Signed and agreed to: DIAMOND S HOLDINGS LTD. /s/ Larry Sostad ------------------------ Larry Sostad President