Assignment Agreement dated November 25, 2011 between Canyon Copper Corp., Metamin Enterprises Inc. and Metamin Enterprises USA Inc

pay to the Assignor the following cash payments:

USD $15,000 on the Exchange Acceptance Date;

USD $25,000 on or before February 18, 2012;

USD $25,000 on or before February 18, 2013;

an annual advanced royalty, which shall be deductible from future royalty payments, of USD $15,000 commencing on February 18, 2014 and payable every year thereafter; and

issue to the Assignor the following shares of the Assignee’s common stock (the “Shares”):

75,000 shares of the Assignee’s common stock on the Exchange Acceptance Date;

75,000 shares of the Assignee’s common stock on or before February 18, 2012;

150,000 shares of the Assignee’s common stock on or before February 18, 2013; and

200,000 shares of the Assignee’s common stock on or before February 18, 2014.

Each of the Assignor and the Subsidiary have full corporate power and capacity to enter into this Agreement and this Agreement has been validly authorized, executed and delivered by the Assignor and the Subsidiary;

the entering into and the performance of this Agreement and the transactions contemplated herein will not result in the violation of any of the terms and provisions of the constating documents of the Assignor or the Subsidiary, any shareholders’ or directors’ resolutions, or of any indenture, other agreement, written or oral, to which the Assignor or the Subsidiary may be bound or to which it may be subject, or any judgment, decree, order, rule or regulation of any court or administrative body by which the Assignor or Subsidiary are bound, or any statute or regulation applicable to the Assignor or Subsidiary;

the Assignor is the lawful owner of, has good legal and beneficial title to, and has the right to assign its interest in the Option Agreement and the Option Agreement is a valid and subsisting agreement;

the Subsidiary is the legal and beneficial owner of an undivided l00% interest in and to the Area of Interest Claims;

there have been no defaults or acts by the Assignor under the Option Agreement which have or would permit the Optionor to terminate the Option Agreement;

to the best of the knowledge of the Assignor after due inquiry, the Property is free and clear of all liens, charges, and encumbrances;

to the best of the knowledge of the Assignor after due inquiry, the Optionor is, and on the exercise of the option in the Option Agreement, will be the beneficial owner of and have the right to dispose of and to give good marketable title to the Assignee, in and to the Property, free and clear of all liens, charges and encumbrances;

there is no litigation, proceeding or investigation pending or threatened against the Assignor or the Subsidiary or, to the best of the knowledge of each of the Assignor or Subsidiary after due inquiry, the Optionor, the Option Agreement, the Property or the Area of Interest Claims, nor does the Assignor or the Subsidiary know, or have any grounds to know after due inquiry, of any basis for any litigation, proceeding or investigation which would affect the Option Agreement, the Property or the Area of Interest Claims;

the Shares will be “restricted securities” within the meaning of the United States Securities Act of 1933 (the “Securities Act”) and will be issued to the Assignor in accordance with Regulation S of the Securities Act. Any certificates representing the Shares will be endorsed with the following legend in accordance with Regulation S of the Securities Act:

“THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT, AND HAVE BEEN ISSUED IN RELIANCE UPON AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT PROVIDED BY REGULATION S PROMULGATED UNDER THE SECURITIES ACT. SUCH SECURITIES MAY NOT BE REOFFERED FOR SALE OR RESOLD OR OTHERWISE TRANSFERRED EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF REGULATION S, PURSUANT TO AN EFFECTIVE REGISTRATION UNDER THE SECURITIES ACT, OR PURSUANT TO AN AVAILABLE EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT. HEDGING TRANSACTIONS INVOLVING THE SECURITIES MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE SECURITIES ACT.”

the Assignor is not a “U.S. Person” as defined by Regulation S of the Securities Act and is not acquiring the Shares for the account or benefit of a U.S. Person;

the Assignor is acquiring the Shares for investment purposes, only, with no present intention of dividing its interest with others or reselling or otherwise disposing of any or all of the Shares; and

the Assignor was not in the United States at the time the offer to acquire the Shares was received.

the Assignee has full corporate power and capacity to enter into this Agreement and this Agreement has been validly authorized, executed and delivered by the Assignee;

the entering into and the performance of this Agreement and the transactions contemplated herein will not result in the violation of any of the terms and provisions of the constating documents of the Assignee, any shareholders’ or directors’ resolutions, or of any indenture, other agreement, written or oral, to which the Assignee may be bound or to which it may be subject, or any judgment, decree, order, rule or regulation of any court or administrative body by which the Assignee is bound, or any statute or regulation applicable to the Assignee;

there is no litigation, proceeding or investigation pending or threatened against the Assignee nor does the Assignee know, or have any grounds to know after due inquiry, of any basis for any litigation, proceeding or investigation; and

upon their issuance, the Shares will be validly issued to the Assignor as fully paid and non-assessable shares in the capital of the Assignee, free and clear of all liens, charges, adverse interests or restrictions on resale other than pursuant to applicable securities laws.

acceptance by the TSX Venture Exchange (the “Exchange”) of any and all filings required to be made with the Exchange in respect of this Agreement and/or the subject matter hereof; and

the Assignee obtaining the consent and acknowledgment of the Optionor to the assignment of the Option Agreement and Area of Interest Claims.

the Assignor and/or the Subsidiary shall deliver the Assignee a Quit Claim Deed or such other documents as the Assignee may reasonable require transferring a 100% interest in and to the Area of Interest Claims to the Assignee, which the Assignee shall be at liberty to record forthwith; and

the Assignee shall deliver the Assignor the Payment.

In this schedule, “Royalty” means the proceeds for marketable minerals produced from the Property and received by the Assignee from the sale thereof to parties at arm’s length to the Assignee, without any deductions. Parties at arm’s length to this agreement include all parties or associate companies that might deliver some tangible benefit to the Assignee in addition to direct benefit due to the sale of product.

For greater certainty, it is understood that the Assignee may remove reasonable quantities of ore and rock from the Property for the purposes of bulk sampling and of testing, and there shall be no Royalty payable with respect thereto unless revenues are derived therefrom.

The Royalty shall become payable following commencement of Commercial Production.

In this schedule, “Commercial Production” means the commercial exploitation of ore but does not include milling for the purpose of testing or milling or leaching by a pilot plant or during the initial tune-up period of a plant. Commercial Production will be deemed to have commenced:

If a plant is located on the Property, on the first day of the month following the first period of thirty (30) consecutive days during which ore has been processed through such plant for not less than fifteen (15) days at an average rate of not less than seventy percent (70%) of the initial rated capacity of such plant; or

If no plant is located on the Property, on the first day of the month following the first period of thirty (30) consecutive days during which ore has been shipped from the Property on a reasonably regular basis for the purpose of earning revenue.

The reasonably estimated amount of the Royalty, if any, payable for each quarter year shall be paid within 60 days after the end of the quarter year to which such Royalty relates, accompanied by a statement of net smelter returns for the quarter year. The balance, if any, of the Royalty payable for a full year shall be paid within 90 days after the end of such year, accompanied by a statement of the net smelter return for such year, duly certified by the Assignee’s auditor. Any overpayment made in any year shall be deductible from payments due in any subsequent year(s).