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Marifil Mines JV Partnership Details
- 1. MARIFIL MINES LTD. (MFM)
JV Projects
Project ‐ JV Partner ‐
Project JV Partner JV Partner
JV Partner $/ Year
$/ Year Other Benefits
Other Benefits NSR or CTP
NSR or CTP* Retained
Retained Total Exploration
Total Exploration
Elements Interests
1 San Roque ‐ Gold‐Silver‐ NOVAGOLD (NG) $ 100,000 High Profile 0% 30% $ 9,000,000
Lead‐Zinc‐ Indium Partner
2 K1 ‐ Potash ALLANA POTASH CORP N 2% Not Aplicable
p Not Aplicable
p
3 K‐2 ‐ Potash SACCHARUM (SHM) $ 150,000 Up to 5 M Shares 1.5% 25% $ 4,500,000
4 K‐3 ‐ Potash SACCHARUM (SHM) $ 150,000 Up to 2 M Shares * 30% $ 4,500,000
5 K‐4 ‐ Potash SACCHARUM (SHM) $ 150,000 Up to 2 M Shares * 30% $ 4,500,000
6 Las Aguilas‐ ‐ Nickel‐Copper‐ PACIFIC COAST NICKEL $ 100,000 250,000 NKL sh/yr 3% 30% $ 2,000,000
PGE (NKL)
7 El Carman ‐ Ilakon ‐ Oil & Gas ILAKON LTD (Private) $ 75,000 Advanced royalty 8% Not Aplicable Not Aplicable
Payments
8 Toruel ‐ Silver‐Copper NECTO (NEI) $ 100,000 3,150,000 Shares 2% 25% $ 2,800,000
Totals $ 825,000
$ , $ 27,300,000
$ , ,
* Carred to production (CTP). If MFM fails to pay it share, working interest will be reduced to a 25% Carried Interests