SECURITIESEXCHANGE AGREEMENT THISSECURITIES EXCHANGE AGREEMENT (Agreement) is enteredinto on July 8, 2009

EX-2.1 2 exh21.htm STOCK EXCHANGE AGREEMENT WITH KILIMANJARO MINING COMPANY, INC. AND THEIR SELLING SHAREHOLDERS. exh21.htm
SECURITIES EXCHANGE AGREEMENT
 
THIS SECURITIES EXCHANGE AGREEMENT (“Agreement”)
 
is entered into on July 8, 2009
 
Between:
 
Lake Victoria Mining Company, Inc. a publicly traded corporation existing pursuant to the laws of the State of Nevada with an address at 1781 Larkspur Drive, Golden, Colorado, USA 80401
 
(herein “LVCA”) Of The First Part
 
 
 
And:
 
Kilimanjaro Mining Company Inc., a corporation existing pursuant to the laws of the State of Nevada with an address at #711 S. Carson Street, Carson City, Nevada 89701
 
(herein “Kilimanjaro”) Of The Second Part
 
 
 
And:
 
All of the shareholders of Kilimanjaro, which shareholders are listed on the list of Selling Shareholders (“List of Selling Shareholders”) attached as Exhibit A hereto and who have executed this Agreement
 
(each a “Selling Shareholder” and collectively the “Selling Shareholders”) (Of the Third Part)
 
(LVCA, Kilimanjaro and the Selling Shareholders hereinafter collectively referred to as the “Parties”).
 

     WHEREAS LVCA and Kilimanjaro agreed, inter alia, for LVCA to acquire all of the issued and outstanding Shares of Kilimanjaro, subject to certain terms and conditions and subject to final agreements being executed by the Parties;
 
AND WHEREAS the Selling Shareholders are the sole shareholders of Kilimanjaro;
 
     AND WHEREAS the Selling Shareholders wish to sell, and LVCA wishes to acquire, all of the Kilimanjaro Shares on the Closing Date (as hereinafter defined);
 
     AND WHEREAS concurrently with the sale and purchase of the Kilimanjaro Shares, Kilimanjaro has agreed to surrender for cancellation its shares of LVCA registered to and beneficially owned by Kilimanjaro;
 

     AND WHEREAS the Parties have entered into this Agreement to provide for the matters referred to in the foregoing recitals and for other matters relating thereto;
 
     NOW THEREFORE in consideration of the premises and the respective covenants and agreements herein contained, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the Parties, the Parties hereby covenant and agree as follows:
 
ARTICLE 1
DEFINITIONS AND INTERPRETATION
 
1.1 Definitions
 
     As used in this Agreement, the following words and phrases shall have the following meanings, respectively:
 
(a)     
Acquisition” means the acquisition by LVCA of the Kilimanjaro Shares;
 
(b)     
Agreement” means this securities exchange agreement, including the exhibits
 
  and     
schedules hereto, as the same may be supplemented or amended from time to
 
  time;     
 
(c)     
Charter Documents” means the articles of incorporation, amendment and/or
 
  continuance,     
as the case may be, and by-laws and similar constating documents of
 
  a     
corporation;
 
(d)     
Closing” shall have the meaning ascribed thereto in Section 2.4 of this
 
  Agreement;     
 
(e)     
Closing Date” means July 23, 2009 or any other date mutually agreed to by
 
  LVCA     
and Kilimanjaro;
 
(f)     
Closing Time” shall have the meaning ascribed thereto in Section 2.4 or such
 
  other     
time on the Closing Date as shall be mutually agreed to by the Kilimanjaro
 
  Shareholders;     
 
(g)     
LVCA Shares” means restricted common Shares in the capital of LVCA
 
(h)     
“Kilimanjaro Properties” means the properties of Kilimanjaro listed on Schedule
 
  “B”     
to this Agreement;
 
(i)     
“Kilimanjaro Shares” means all of the issued and outstanding Shares of
 
  Kilimanjaro;     
 
(j)     
Securities Exchange” means the issuance of LVCA Shares to the Selling
 
  Shareholders     
in exchange for all of the issued and outstanding Kilimanjaro
 
  Shares;     
 
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(k) “$” means dollars of the United States of America
 
1.2 Interpretation Not Affected by Headings
 
     The division of this Agreement into articles, sections, subsections, paragraphs, subparagraphs and other portions and the insertion of headings are for convenience of reference only and shall not affect the construction or interpretation of the provisions of this Agreement. The terms "this Agreement", "hereof", "herein", "hereunder" and similar expressions refer to this Agreement and the Exhibits hereto as a whole and not to any particular article, section, subsection, paragraph, subparagraph or other portion hereof.
 
1.3 Number and Gender
 
     Unless the context otherwise requires, words importing the singular number only shall include the plural and vice versa and words importing the use of either gender shall include both genders and neuter.
 
1.4 Entire Agreement
 
     This Agreement constitutes the entire agreement among the Parties pertaining to the subject matter hereof and thereof and supersedes all prior agreements, understandings, negotiations and discussions, whether oral or written, between the Parties with respect to the subject matter hereof and thereof.
 
1.5 Knowledge
 
     Where any representation or warranty contained in this Agreement is expressly qualified by reference to the knowledge of a Party, it shall be deemed to refer to the actual knowledge of the Party after making inquiries of third parties or other Persons and, in the case of a corporate Party, inquiries as to the actual knowledge of appropriate directors and officers of such Party.
 
1.6 Exhibits and Schedules
 
     The following are the exhibits and schedules attached to and incorporated by reference in this Agreement:
 
Exhibit A Exhibit B
 
Exhibit C
 
- Binding Letter Agreement of June 1, 2009 - Kilimanjaro Property List
 
- List of Selling Shareholders and Number of LVCA in Exchange
 

-
 
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ARTICLE 2
 
PURCHASE AND SALE OF KILIMANJARO SHARES,
 
SURRENDER FOR CANCELLATION LVCA SHARES & CLOSING
 
2.1 Purchase and Sale of Kilimanjaro Shares
 
     Upon and subject to the terms and conditions of this Agreement, LVCA hereby agrees to purchase and acquire from each Selling Shareholder and each such Selling Shareholder hereby agrees to sell, transfer, assign and set over to LVCA, the number of issued and outstanding Kilimanjaro Shares set opposite such Selling Shareholder’s name on the signature page to this Agreement at the Closing Time for the purchase consideration provided in Section 2.2 hereof.
 
2.2 Purchase Consideration
 
     The Parties hereby agree that the purchase consideration for the transaction of purchase and sale contemplated in subsection 2.1 shall be, and shall be satisfied by the issuance of 1.2 new restricted common shares of LVCA for each Kilimangaro share, as established by the ratio set out in the Share Exchange Schedule that formed Schedule A of the Binding Letter Agreement of June 1, 2009 attached to this agreement as Schedule A. This agreement supercedes and replaces the aforesaid Binding Letter Agreement.
 
2.3 Power of Attorney to Implement the Transfer of the Kilimanjaro Shares
 
     Each Selling Shareholder HEREBY: (1) authorizes the cancellation of the Selling Shareholder’s share certificate(s) representing each Selling Shareholder’s Kilimanjaro Shares and the reissue of the said Shares to LVCA, on the Closing Date; and (2) appoints Heidi Kalenuik of #2-1071 West 7th Avenue, Vancouver, British Columbia V6H 1B2 as the Selling Shareholder’s power of attorney with all authority and power, in each Selling Shareholder’s place and stead to execute and deliver such other instruments of transfer and take such other actions as LVCA may reasonably request in order to more effectively transfer to LVCA the Kilimanjaro Shares.
 
2.4 Cancellation of LVCA Shares
 
     Concurrently with closing of the transaction contemplated by this Agreement, Kilimanjaro shall surrender for cancellation its 9,350,300 LVCA shares registered to and owned by Kilimanjaro.
 
2.5 Closing and Closing Date
 
     The closing (“Closing”) of the purchase and sale of the Kilimanjaro Shares for LVCA Shares, shall take place at the offices of Kilimanjaro at 12:01 p.m. (the “Closing Time”) on the Closing Date or at such other time and place as may be agreed to by Kilimanjaro and LVCA, subject to the receipt of a signature on this Agreement by each Selling Shareholder and all of the Closing documents duly signed.
 
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2.6 Closing Documents
 
At Closing each of the Kilimanjaro and LVCA shall tender and deliver the following:
 
2.6.1     
Kilimanjaro shall tender and deliver at Closing:
 
  (i)     
a certified copy of a resolution of the board of directors of Kilimanjaro approving this Agreement and the transactions contemplated under this Agreement.
 
  (ii)     
certificates of status, or equivalent, of Kilimanjaro and its corporate subsidiary(s) if any from the jurisdiction of incorporation and other jurisdictions in which it conducts business or where its properties are located;
 
  (iii)     
legal opinion as to the enforceability of this Agreement, the status of Kilimanjaro and its properties and its compliance with the laws of its present jurisdiction and the jurisdictions in which the Kilimanjaro Properties are held and the United States Securities laws;
 
  (iv)     
certificate as required by Sections 6.2(a);
 
  (v)     
signed off Kilimanjaro share certificate for 31,377,957 shares issued to LVCA;
 
  (vi)     
originally signed signatures pages to this agreement by the Selling Shareholders;
 
  (vii)     
a release from Geo Can Resources Company Limited (“Geo Can”) in favour of Kilimanjaro and LVCA (with respect to prior property agreements among them) arising from an agreement dated May 5, 2009 wherein Geo Can sold and transferred to Kilimanjaro all of its property interests;
 
  (viii)     
a notarized trust declaration from Geo Can declaring that it holds the Kilimanjaro Properties (that are formally registered on title in the name of Geo Can) in trust for Kilimanjaro and that it, Geo Can has no indirect or direct beneficial interest in the said Kilimanjaro Properties;
 
  (ix)     
the resignations, effective as and from the Closing Date, of the directors and officers of Kilimanjaro listed below together with comprehensive releases from each such Person of any and all of their claims against Kilimanjaro including, without limiting the generality of the foregoing, any outstanding options, warrants and cash and share bonuses;
 
Name of resigning director, officer Stephen Freeman Ming Zhu
 
Title Director Director
 

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(x)     
director’s resolution accepting the resignations of the above directors and officers and the appointment of those persons listed below to the board of directors and as officers of Kilimanjaro;
 
                      
David T. Kalenuik Chief Executive Officer

  (xi)     
consent to act from each of the new directors and officers; and
 
  (xii)     
LVCA Share certificates registered to Kilimanjaro in the amount of 9,350,300 shares, signed off and accompanied by a Kilimanjaro director’s resolution authorizing the surrender of the LVCA shares
 
2.6.2     
LVCA shall tender and deliver at Closing the following:
 
  (i)     
a certified copy of a resolution of the board of directors of LVCA approving this Agreement and the transactions contemplated under this Agreement;
 
  (ii)     
certificates of status, or equivalent, of LVCA and its corporate subsidiary(s) if any from the jurisdiction of incorporation and other jurisdictions in which it conducts business or where its properties are located;
 
  (iii)     
legal opinion as to the enforceability of this Agreement, the status of LVCA and its properties and compliance with its compliance with the laws of its present jurisdiction and the jurisdictions in which its properties are held and the United States Securities laws;
 
  (iv)     
certificate required by Section 6.3(a) hereto;
 
  (v)     
the resignations, effective as and from the Closing Date, of the following directors and officers of LVCA together with comprehensive releases from each such Person of any and all of their claims against LVCA including, without limiting the generality of the foregoing, and any outstanding options, warrants and cash and share bonuses;
 
Name of resigning officer, director Michele Ashby
 
Title Director
 

(vi)     
director’s resolution accepting the resignations of the above officers and directors and the and the appointment of the persons listed below to the board of directors and as officers; and
 
Name of new director, officer
 
Title
 
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David T. Kalenuik
 
Chief Executive Officer
 
(vi) consent to act from each of the new directors and officers; and
 
(vii) LVCA share certificates registered to each Selling Shareholder in the amount set opposite each Selling Shareholder’s name on Schedule C.
 
ARTICLE 3
 
REPRESENTATIONS AND WARRANTIES OF THE SELLING SHAREHOLDERS
 
3.1 Representations and Warranties of the Selling Shareholders
 
     Each Selling Shareholder severally represents and warrants to LVCA with respect to himself or itself, as follows:
 
(a)     
The Selling Shareholder has all requisite power and authority to enter into and to carry out all of the terms of this Agreement and all other documents executed and delivered in connection herewith;
 
(b)     
When executed and delivered by the Selling Shareholder, this Agreement shall constitute the valid and legally binding obligation of the Selling Shareholder enforceable in accordance with its terms;
 
(c)     
Exhibit A to this Agreement accurately and completely sets forth all of the share of capital stock of Kilimanjaro owned by the Selling Shareholder;
 
(d)     
There are no warrants, options, subscriptions, calls, or other similar rights of any kind for the issuance or purchase of any securities of Kilimanjaro held by the Selling Shareholder;
 
(e)     
The Selling Shareholder has and will transfer to LVCA good and marketable title to the Kilimanjaro Shares set opposite his or its name in the List of Selling Shareholders, free and clear of all pledges, security interests, mortgages, liens, claims, charges, restrictions or encumbrances, except for any restrictions imposed by federal or state securities laws; and
 
(f)     
The Selling Shareholder is acquiring the LVCA Shares, for investment for that Selling Shareholder’s own account and not as a nominee or agent, and not with a view to the resale or distribution of any part thereof, and the Selling Shareholder has no present intention of selling, granting any participation in, or otherwise distributing the same. The Selling Shareholder further represents that the Selling Shareholder does not have any contract, undertaking, agreement or arrangement with any person to sell, transfer or grant participation to such person or to any third person, with respect to any of the LVCA Shares.
 
(g)     
Each Selling Shareholder acknowledges that he or she can bear the economic risk of his or her respective investments and that each has such knowledge and
 
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experience in financial and business matters that her or she is capable of evaluating the merits and risks of the investment in the LVCA Shares.
 
(h)     
The Selling Shareholder has carefully reviewed such information as the Selling Shareholder deemed necessary to evaluate an investment in the LVCA Shares. To the full satisfaction of the Selling Shareholder, the Selling Shareholder has been furnished all materials that he or she requested relating to LVCA and the issuance of the LVCA Shares hereunder, and the Selling Shareholder has been afforded the opportunity to ask questions of representatives of LVCA or Kilimanjaro to obtain any information necessary to verify the accuracy of any representations or information made or given to the Selling Shareholder.
 
ARTICLE 4
 
REPRESENTATIONS AND WARRANTIES OF KILIMANJARO
 
4.1     
Representations of Kilimanjaro
 
  Kilimanjaro     
represents and warrants to LVCA, as follows:
 
  (a)     
Kilimanjaro is a Nevada corporation in good standing with respect to the filing of any and all reports with the relevant regulatory authorities in its jurisdiction of incorporation;
 
  (b)     
The authorized capital of Kilimanjaro consists of 100,000,000 common Shares with a par value per share of (USD $0.001), of which 31,377,957 common Shares are issued and outstanding as fully paid and non-assessable as of the date hereof;
 
  (c)     
Kilimanjaro has the corporate power and authority to enter into this Agreement to carry out the intent and purpose thereof;
 
  (d)     
Kilimanjaro has the power, authority and capacity to carry on its businesses as presently conducted by it and to own and use all of its business assets;
 
  (e)     
The making of this Agreement does not conflict with or result in the breach of or the acceleration of any indebtedness under, any terms, provisions or conditions of, or constitute default under any indenture, mortgage, deed of trust, agreement, joint venture, lease, franchise, certificate, consent, permit, license, authority or other instrument to which Kilimanjaro is a party or is bound or any judgment, decree, order, rule or regulation of any court or administrative body by which Kilimanjaro is bound, or, any statute or regulation applicable to Kilimanjaro;
 
  (f)     
To the best of Kilimanjaro’s knowledge, the Selling Shareholders are the registered and beneficial owners of the number of Kilimanjaro Shares set opposite their name on Exhibit A being all of the issued and outstanding Kilimanjaro Shares and the Selling Shareholders do not have any other interest, legal or
 
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beneficial, direct or indirect, in Kilimanjaro, or in its businesses or business assets, other than their Kilimanjaro Shares as the case may be;
 
(g)     
The Securities Exchange may be completed by Kilimanjaro and the Selling Shareholders without the consent of any other third party or governmental authority, except as expressly set forth herein;
 
(h)     
No person has any agreement, right or option, consensual or arising by law, present or future, contingent or absolute, or capable of becoming an agreement, right or option to purchase any unissued securities of Kilimanjaro from Kilimanjaro;
 
(i)     
To the best of Kilimanjaro’s knowledge, as at the date hereof, there is no litigation to which Kilimanjaro is a party or of which the assets of Kilimanjaro are subject, and to the knowledge of Kilimanjaro, no such litigation is pending or threatened.
 
ARTICLE 5
 
REPRESENTATIONS AND WARRANTIES OF LVCA
 
5.1 Representations and Warranties of LVCA
 
     LVCA represents and warrants to Kilimanjaro and to each of the Selling Shareholders as follows:
 
(a)     
LVCA has the corporate power and authority to enter into this Agreement and to carry out the intent and purpose thereof and this Agreement constitutes the valid and binding obligation of LVCA enforceable against LVCA in accordance with its terms;
 
(b)     
The authorized capital of LVCA consists of 200,000,000 common Shares with a $0.00001 par value, of which 28,478,300 common Shares are issued and outstanding as fully paid and non-assessable as of the date hereof;
 
(c)     
There are a total of 4,312,500 options outstanding which are convertible into common Shares of LVCA and no person beyond the stated options has any further agreement right or option, consensual or arising by law, present or future, contingent or absolute, or capable of becoming an agreement, right or option to purchase any additional unissued securities of LVCA from LVCA;
 
(d)     
LVCA has the power, authority and capacity to carry on its business as presently conducted by it and to own and use all of its business assets;
 
(e)     
The Securities Exchange may be completed by LVCA without the consent of any third party or governmental authority, except as expressly set forth herein;
 
(f)     
The making of this Agreement does not conflict with or result in the breach of or the acceleration of any indebtedness under, any terms, provisions or conditions of, or constitute default under any indenture, mortgage, deed of trust, agreement,
 
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joint venture, lease, franchise, certificate, consent, permit, license, authority or other instrument to which LVCA is a party or is bound or any judgment, decree, order, rule or regulation of any court or administrative body by which LVCA is bound, or, any statute or regulation applicable to LVCA;
 
(g)     
As at the date hereof, there is no litigation to which LVCA is a party or of which the assets of LVCA are the subject, and to the knowledge of LVCA, no such litigation is pending or threatened;
 
(h)     
Neither LVCA nor, to LVCA’s knowledge, any other person or entity is in breach in any material respect of, or in default in any material respect under, any material contract, agreement, arrangement, commitment or plan to which LVCA is a party, and no event or action has occurred, is pending or is threatened, which, after the giving of notice, passage of time or otherwise, would constitute or result in such a material breach or material default by LVCA or, to the knowledge of LVCA, any other person or entity. LVCA has not received any notice of default under any contract, agreement, arrangement, commitment or plan to which it is a party, which default has not been cured to the satisfaction of, or duly waived by, the party claiming such default on or before the date hereof.
 
(i)     
No suit, action or other proceeding before any court or governmental agency has been commenced against LVCA, which might result in impairment or loss of the interest of LVCA in and to the Assets or which might otherwise adversely affect the Assets;
 
(j)     
LVCA is not conducting its business or affairs in violation of any applicable federal, provincial or local law, ordinance, rule, regulation, court or administrative order, decree or process, or any requirement of insurance carriers. LVCA has not received any notice of violation or claimed violation of any such law, ordinance,
 
rule,     
regulation, order, decree, process or requirement; and
 
(k)     
LVCA has all certificates of occupancy, rights, permits, certificates, licenses,
 
franchises,     
approvals and other authorizations as are reasonably necessary to
 
conduct     
its respective business and to own, lease, use, operate and occupy its
 
assets,     
at the places and in the manner now conducted and operated, except those
 
the     
absence of which would not materially adversely affect its respective business.
 
LVCA     
has not received any written or oral notice or claim pertaining to the
 
failure     
to obtain any material permit, certificate, license, approval or other
 
authorization     
required by any federal, state or local agency or other regulatory
 
body,     
the failure of which to obtain would materially and adversely affect its
 
business.     
 
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ARTICLE 6
CONDITIONS
 
6.1 Mutual Conditions Precedent
 
     The respective obligations of Kilimanjaro, LVCA and the Selling Shareholders to complete the Securities Exchange shall be subject to the satisfaction, on or before the Closing Date, of the following conditions and the Parties shall cause such conditions to be fulfilled insofar as they relate to matters within their respective control:
 
(a)     
There shall not be in force any order or decree restraining or enjoining the consummation of the Securities Exchange and there shall be no proceeding, whether of a judicial or administrative nature or otherwise, in progress or threatened (to the knowledge of the Parties), that relates to or results from the Securities Exchange that would, if successful, result in an order or ruling that would preclude completion of the Securities Exchange in accordance with the terms and conditions hereof or thereof; and
 
(b)     
There shall not exist any prohibition under applicable law against the completion of the Securities Exchange.
 
     Provided, however, that if any of the foregoing conditions is not fulfilled or performed, such condition may be mutually waived, in whole or in part, in writing by each of the Parties, without prejudice to any Party's right to rely on any other or others of such conditions.
 
6.2 Conditions to Obligations of Kilimanjaro
 
     The obligation of Kilimanjaro to complete the Securities Exchange shall be subject to the satisfaction, on or before the Closing Date, of the following conditions, any of which may be waived, in whole or in part, by Kilimanjaro without prejudice to Kilimanjaro’s right to rely on any other or others of such conditions:
 
(a)     
All of the representations and warranties of LVCA made in or under this
 
  Agreement,     
including, without limitation, the representations and warranties made
 
  by     
LVCA and set forth in Article 6, shall be true and correct as at the date hereof
 
  in     
all material respects as at the Closing Time and Kilimanjaro shall have received
 
  a     
certificate from an officer of LVCA to that effect, dated as of the Closing Date;
 
(b)     
All instruments of conveyance and other documentation and assurances relating to
 
  the     
sale and purchase of the Kilimanjaro Shares and all actions and proceedings
 
  taken     
on or prior to the Closing Time in connection with the performance by
 
  LVCA     
of its obligations under this Agreement shall be satisfactory to
 
  Kilimanjaro,     
acting reasonably, and Kilimanjaro shall have received copies of all
 
  such     
documentation or other evidence as they may reasonably request in order to
 
  establish     
the consummation of the transactions contemplated under this
 
  Agreement     
and the taking of all corporate proceedings in connection with those
 
  transactions     
in form and substance satisfactory to Kilimanjaro and Kilimanjaro’s
 
  counsel,     
acting reasonably. Without limiting the generality of this subsection,
 
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Kilimanjaro shall have received at or before the Closing Time sufficient duly executed original copies of the following: such additional documents and instruments as Kilimanjaro may reasonably request.
 
(c)     
There shall have been no Material Adverse Change in respect of LVCA;
 
(d)     
Kilimanjaro shall have received legal opinions, in form and substance satisfactory to it, acting reasonably.
 
6.3 Conditions to Obligations of LVCA
 
     The obligation of LVCA to complete the Securities Exchange shall be subject to the satisfaction, on or before the Closing Date, of the following conditions, any of which may be waived, in whole or in part, by LVCA without prejudice to its right to rely on any other or others of such conditions:
 
(a)     
All of the representations and warranties of the Selling Shareholders and Kilimanjaro made in or under this Agreement, including without limitation, the representations and warranties made by the Selling Shareholders and Kilimanjaro and as set forth in Articles 3 and 4 respectively shall be true and correct in all material respects as at the Closing Time and with the same effect as if made at and as of the Closing Time (except as such representations and warranties may be affected by the occurrence of events or transactions expressly contemplated and permitted by this Agreement) and LVCA shall have received a certificate from an officer of Kilimanjaro to that effect, dated as of the Closing Date;
 
(b)     
All instruments of conveyance and other documentation and assurances relating to the sale and purchase of the Kilimanjaro Shares and all actions and proceedings taken on or prior to the Closing Date in connection with the performance by the Selling Shareholders of their obligations under this Agreement shall be satisfactory to LVCA, acting reasonably, and LVCA shall have received copies of all such documentation or other evidence as it may reasonably request in order to establish the consummation of the transactions contemplated under this Agreement and the taking of all corporate proceedings in connection with those transactions in compliance with this subsection, in form and substance satisfactory to LVCA and LVCA's Counsel, acting reasonably. Without limiting the generality of this subsection, LVCA shall have received sufficient duly executed original copies of the following: such additional documents and instruments as LVCA may reasonably request;
 
(c)     
There shall have been no Material Adverse Change in respect of Kilimanjaro; and
 
(d)     
LVCA shall have received a legal opinion, in form and substance satisfactory to it, acting reasonably, concerning, among other things, the corporate existence and
 
status     
of Kilimanjaro, and the transfer of the Kilimanjaro Shares and any
 
Kilimanjaro     
Options to LVCA.
 
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6.4 Failure to Satisfy Conditions
 
     If any condition set forth in Sections 6.1, 6.2 or 6.3 is not satisfied on or before the Closing Time, the Party entitled to the benefit of such condition (the "First Party") may terminate this Agreement by notice in writing to the other Party and in such event the First Party shall be released from all obligations under this Agreement (except as otherwise provided herein), and unless the First Party can show that the condition or conditions which have not been satisfied and for which the First Party has terminated this Agreement are reasonably capable of being performed or caused to be performed by the other Party then the other Party shall also be released from all obligations under this Agreement (except as otherwise provided herein), except that the First Party shall be entitled to waive compliance with any such conditions, in whole or in part without prejudice to any of its rights of termination in the event of non-performance of any other condition, in whole or in part.
 
ARTICLE 7
 
NATURE, SURVIVAL OF REPRESENTATION AND WARRANTIES
 
7.1 Nature and Survival of Representations and Warranties
 
     All representations, warranties, covenants and agreements contained in this Agreement and in any document or instrument executed and delivered in connection with the completion of the transactions contemplated hereby on the part of each of the Parties shall survive the Closing Time, the execution and delivery hereunder of any instruments of conveyance, assignments or other instruments of transfer of title to any securities and the issuance of any securities as contemplated under this Agreement shall continue in full force and effect from and after the Closing Date forever.
 
ARTICLE 8
GENERAL
 
8.1 Notices
 
     All notices which may or are required to be given pursuant to any provisions of this Agreement shall be given or made in writing as follows:
 
(a)     
in the case of LVCA:
 
 
Lake Victoria Mining Company, Inc.
 
 
1781 Larkspur Drive, Golden, Colorado 80401
 
 
Attention: Roger Newell Email: ***@***
 
(b)     
in the case of the Selling Shareholders:
 
 
Kilimanjaro Mining Company Inc.
 
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  #711     
S. Carson Street, Carson City, Nevada, USA 89701
 
  Attention:     
Share Holders of Kilimanjaro
 
  Email:     
***@***
 
(c)     
in the case of Kilimanjaro Mining Company:
 
  711     
S. Carson Street, Carson City, Nevada, USA 89701
 
  Attention:     
Heidi Kalenuik
 
  Fax     
No.: 1 ###-###-####
 
  Email:     
***@***
 
     The Parties may change their respective addresses for notices by notice given in the manner set out in this Section 8.1. Any such notice or other communication shall be in writing and, unless delivered personally to the addressee, or to a responsible officer of the addressee, as applicable, shall be given by email or facsimile and shall be deemed to have been given when: (i) in the case of a notice delivered personally to the addressee, or to a responsible officer of the addressee, as applicable, when so delivered; and (ii) in the case of a notice delivered or given by facsimile, on the first business day following the day on which it is sent.
 
8.2 Successors and Assigns
 
     Except as otherwise expressly provided herein, all covenants and agreements contained in this Agreement by or on behalf of any of the parties hereto will bind and inure to the benefit of the respective successors and assigns of the parties hereto whether so expressed or not.
 
8.3 Severability
 
     Whenever possible, each provision of this Agreement will be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be prohibited by or invalid under applicable law, such provision will be ineffective only to the extent of such prohibition or invalidity, without invalidating the remainder of this Agreement or the other documents.
 
8.4 Counterparts
 
     This Agreement may be executed in two or more counterparts, any one of which need not contain the signatures of more than one party, but all such counterparts when taken together will constitute one and the same agreement.
 
8.5 Governing Law
 
     This Agreement shall be governed by and be construed in accordance with the laws of the State of Nevada, United States of America applicable therein and shall be treated in all respects as a contract of the aforesaid jurisdiction, and each Party hereby irrevocably and unconditionally submits to the non-exclusive jurisdiction of the courts of such state and all courts competent to hear appeals therefrom. The Parties irrevocably waive any objection that they now or hereafter have that any action or proceeding has been brought in an inconvenient forum.
 
14
 

8.6 Entire Agreement
 
     This Agreement constitutes the entire agreement and understanding of the parties with respect to the subject matter thereof, and supersedes all prior and contemporaneous agreements and understandings.
 
     IN WITNESS WHEREOF, each of the parties to this Agreement has executed or caused this Agreement to be executed as of the date first above written.
 
LAKE VICTORIA MINING COMPANY, INC.
 
Per:
President, Roger A. Newell
 
KILIMANJARO MINING COMPANY INC.
 
Per:

President, Heidi Kalenuik
 
(THE
 
REMAINDER
 
OF THIS
 
PAGE
 
LEFT
 
INTENTIONALLY
 
BLANK)
 
15
 

                                                                                              
                                                                                                   
       
1010694 Alberta Ltd./Norm Suvan 184,000    
Adrian and Sharon Thomas 31,250    
Ahmed Magoma 553,125    
Aldo V. Pascucci 125,000    
Andre Kuttel 400,000    
Arthur L. Pierce 40,000    
Barbara Langford Fries & Richard Fries 50,000    
Baxter P A Limited 30,000    
Beth and Steve Hankinson 26,667    
Bruce M Niemi 290,000    
Carl Rosaine & Linda Rosaine (Tenants in      
Common) 80,000    
Casey Lapka 324,000    
Charles Gallo 50,000    
Charles Mramba 7,500    
Charles Totera and Isaac Marobhe 5,000    
Charmion S. Hay 20,000    
Chee Meng chan and Helen Liliy Eng 108,000    
Cierrah Kalenuik - Bolton 5,000    
Dale Gelderman 60,000    
Daniel Wilson 187,200    
David Gamache 106,250    
David Ian MacGregor Fraser 24,000    
David T W Ng & Kathleen CF Ng 40,000    
David T. Kalenuik 522,500    
David Wilson      


  60,000
Donna Klym 213,333
Dr S.P. Holland Inc. 40,000
Dustin Wilson 40,000
Edward Mandel 100,000
Enavest International S.A. 1,500,000
FN Stockbrokers Ltd. 1,025,000
G. Garo Chalian 120,000
Ganatz LLC 120,000
Garo Chalian 280,000
GBC Inc. 20,000
George Athanas 84,375
George Hoagland 250,000
George Lennox 433,360
Glen West and Joanna Melba West 50,000
H.E. Capital S.A. 975,000
Heidi Kalenuik 12,842,500
Ide Endowment, LLC 64,867
Incite Enterprise 149,268
James T. Larson 352,500
Janet L champness 300,000
Jenny Chang 200,000
Jessica Leech 2,500
Joel Freeman 620,501
John & Jennifer Gold 60,000
Joshua Kalenuik 20,000
Joyce Humphrey Invo 7,500
Keil Robert 15,598

17
 

Kevin Chance 10,000
Kissinger Family Enterprises LLC 412,500
Linda Humes Total 40,000
Lloyd Lennox Total 52,500
Lysachuck Dwayne Total 50,000
Manyama Mkweba Total 15,000
Metanoia Institute, a Corporation Sole Total 110,000
Michael Evans 20,000
Ming Zhu 125,000
Misac Nibighian 50,000
Nancy F. Brown 130,000
Nor-Chris Holdings 50,000
Paul Bommarito 125,000
Peng Ee Wong & Lee Pheng Wong 20,000
Peter Marshall 20,000
Phantom 20,000
Pius Gurber 400,000
POP Holdings Ltd 912,706
Rene Larson 40,000
Richard Leech 5,000
Robert Genereux AND/OR Bruna Genereux 100,000
Robert Keil 20,000
Robert W. Seeley 187,500
Rodney Filtness 20,000
Roger Mahler 400,000
Roger Newell 250,000
RSR Tanzania Ltd. 25,000
Ruth Kalenuik  

18
 

  50,000
Ryan Deweerd 31,250
Sajira S. Kilongo 7,500
Saul Schmidt 200,000
Scott L. Parpala 20,000
Sean Mackenrot 103,500
Sierra Verde Asociados S.A. de C.V. 20,000
Stephen Freeman 100,000
Sterling Trust Company, Custodian, FBO William  
I Kissinger A/C 98775 312,500
Stuart and Charmion Yule 175,041
Sure Foundation Ministries/Helen Lapka 48,000
Susan Bosshard 400,000
Tama-maya Copeman & Ludmila-Metislavna  
Copeman 26,667
Thobias Nyalwar 37,500
Tim Benton 20,000
Trent and Ashley Koenings 50,000
Walter Enderli 400,000
William and Deborah Kissinger joint tennants  
common 80,000
William H. Fallon Prof Group 110,000
William K. Baker 50,000
William Kissinger 200,000
William Lee & Walter Lee 20,000
Windhorse Corporation 2,090,000

19
 

EXHIBIT A
 
BINDING LETTER AGREEMENT OF JUNE 1, 2009
 
KILIMANJARO MINING COMPANY, INC. 711 S. Carson Street, Carson City, Nevada 89701
 
BINDING LETTER AGREEMENT
 
June 1, 2009

Dr. Roger A. Newell
President and Chief Executive Officer
Lake Victoria Mining Company, Inc.
1781 Larkspur Drive
Golden, Colorado 80401

Dear Dr. Newell:
 
The purpose of this Binding Letter Agreement (“BLA”) is to set out the terms of a definitive agreement to be entered into between Lake Victoria Mining Company, Inc. (“LVCA”) a publicly traded company incorporated under the laws of the State of Nevada with an office address at 1781 Larkspur Drive, Golden, Colorado 80401 and Kilimanjaro Mining Company Inc. (“Kilimanjaro”) a private corporation existing pursuant to the laws of the State of Nevada with a registered address at 711 S. Carson Street, Carson City, Nevada, USA 89701 wherein LVCA would acquire up to a one hundred percent controlling interest (100%) in Kilimanjaro pursuant to a share exchange or issuance described as follows:
 
A. Background Facts
 
LVCA has represented the following:
 
(a)     
LVCA is a corporation incorporated under the laws of the State of Nevada.
 
(b)     
LVCA is a reporting issuer in the state of Nevada, U.S.A.;
 
(c)     
The common shares of LVCA are listed and posted for trading on the NASDAQ OTC: BB Exchange – (“Exchange”);
 
(d)     
LVCA has issued and outstanding 28,478,300 common shares (each a “LVCA Share” and collectively the “LVCA Shares”);
 
(e)     
As at the Closing Date as herein after defined, LVCA will have working capital allocated or will raise additional capital to carry out the terms to the end of the first year of the Definitive Agreement.
 
Kilimanjaro has represented the following:
 
20
 

(f) That it is a private corporation incorporated under the laws of the state of Nevada, U.S.A. with a registered office at 711 S. Carson Street, Carson City, Nevada 89701; and
 
(g) Kilimanjaro has issued and outstanding 33,032,277 common shares (each a “Kilimanjaro Share” and collectively the “Kilimanjaro Shares”);
 
(h) Kilimanjaro is in the process of accepting up to USD$2 million in Private Placement funds from Accredited Investors to complete the Initial and Secondary Payments for the acquisition of a new gold project area in Central Tanzania. This is a property area in addition to the mineral prospecting licenses that it currently holds.
 
B. Proposal
 
The proposed terms of the definitive agreement are generally described as the plan for LVCA to acquire up to 100% of Kilimanjaro pursuant to a securities exchange or issuance. By July 1, 2009, LVCA and Kilimanjaro will complete a Securities Exchange Agreement (the “Definitive Agreement”) whereby LVCA will issue new, restricted common shares of LVCA in exchange for new and/or existing Kilimanjaro common shares. The ratio of the share exchange has been mutually accepted ("Agreed Valuation") by both companies. The exact number of new shares that LVCA will issue to Kilimanjaro shareholders and the share exchange ratio will be determined by the Accepted Exchange Schedule and forming Schedule A of this BLA. As one of the conditions of the Proposed Transaction proceeding, each shareholder of LVCA and Kilimanjaro must be satisfied with the ratio of the share exchange. The composition of the board of directors and senior officers of Kilimanjaro and LVCA subsequent to the Closing Date will be subject to the terms of the Definitive Agreement. Specifically the terms are as follows:
 
(1)     
The proposed closing date (“Closing Date”) shall be July 1, 2009. Both parties agree to use their best efforts to close on schedule.
 
(2)     
The ratio of the share exchange will be based on a mutually acceptable valuation ("Agreed Valuation") of both companies. The Accepted Exchange Schedule attached, as Schedule A of this BLA will determine the exact share exchange ratio.
 
(3)     
As one of the conditions of the Proposed Transaction proceeding, each shareholder of LVCA and Kilimanjaro must be satisfied with the ratio of the share exchange. The composition of the board of directors and senior officers of Kilimanjaro and LVCA subsequent to the Closing Date will be subject to the terms of the Definitive Agreement.
 
(4)     
All property agreements that LVCA has entered into with Geo Can Resources Company Limited of Tanzania and the commitments associated within each of these agreements will now be encompassed by the Definitive Agreement between LVCA and Kilimanjaro.
 
 
Kilimanjaro recently acquired the entire mineral prospecting license rights that Geo Can held.
 
21
 

(5)     
Resale Restrictions on Shares: Kilimanjaro acknowledges that the Shares issued under
 
  the     
securities exchange will be subject to such resale restrictions or escrow requirements
 
  as     
may be required by applicable securities legislation or the policies of the Exchange.
 
(6)     
Kilimanjaro will provide to LVCA all information in its possession with respect to all the
 
  licenses     
that it owns, which will (subject to the provisions of the next sentence) be held in
 
  confidence     
by LVCA. All information with respect to the licenses generated pursuant to
 
  this     
BLA will be held in confidence, subject to the right of any party to release any such
 
  information     
(including the initial information provided by Kilimanjaro) as required by
 
  applicable     
law or the rules, regulation, bylaws and listing agreements of the Exchange.
 
(7)     
Upon execution of the Definitive Agreement, Kilimanjaro will return to LVCA a total of
 
  9,350,300     
shares of LVCA to be cancelled and any shares that have not been issued to
 
  Geo     
Can that are due for Property Purchase Agreements will be forgiven.
 
(8)     
Closing will be subject to several conditions, including:
 
  (a)     
Both parties mutually agreeing to a final executable Definitive Agreement that
 
  incorporates     
the general terms of this BLA by July 18, 2009 and satisfaction of the terms
 
  and     
conditions to be set forth therein;
 
  (b)     
Agreement by Kilimanjaro, Kilimanjaro shareholders and LVCA to the final number
 
  of     
new shares that LVCA will issue to Kilimanjaro shareholders as per the agreed share
 
  exchange     
ratio schedule contained in Schedule A attached;
 
  (c)     
Completion of all necessary legal, financial and technical due diligence reviews and
 
  receipt     
of all necessary consents and approvals, including board, shareholder and
 
  regulatory     
approvals.
 
  (d)     
Obtaining agreement, by signature, of the Definitive Agreement by a majority
 
  percentage     
(over 50%) of the Kilimanjaro shareholders.
 
C.     
Effect of Acceptance of this Letter Agreement
 
If the terms set out herein are acceptable to you, please so indicate by signing and returning one copy of this letter. The parties will then proceed in good faith to complete a formal Definitive Agreement incorporating the terms hereof and, pending the execution of this agreement, shall not actively solicit or negotiate business arrangements, which would be inconsistent or incompatible with the proposed Definitive Agreement. Until such time as this BLA is terminated by virtue of the Definitive Agreement being signed on or before July 1, 2009 each of the parties hereto shall use their best efforts to complete the Definitive Agreement on schedule. This BLA is binding on either party and each party is obligated to proceed in good faith pursuant to the provisions hereof and each party is obligated to bear its own costs.
 
There are no third party beneficiaries to the terms of this BLA.
 
Unless otherwise stated herein, all amounts expressed herein are in the currency of United States of America.
 
22
 

Each party hereto shall be responsible for all expenses incurred by it in connection with the preparation of the Definitive Agreement and all other documents required in connection with obtaining all necessary regulatory approvals and documentation for the Definitive Agreement to be executed.
 
Issue of a news release by LVCA is subject to the prior review of Kilimanjaro to ensure approval.
 
Yours truly,
 
KILIMANJARO MINING COMPANY INC.
 
By:
Heidi Kalenuik
 
The foregoing terms are acceptable as a basis for preparation of the formal and definitive agreement.
 
LAKE VICTORIA MINING COMPANY, INC.
 
By:
Roger A. Newell
 
23
 

SCHDULE A
 
ACCEPTED SHARE EXCHANGE SCHEDULE
 
The share exchange ratio is determined by the amount of the total USD$2 million of Private Placement money that is accepted by Kilimanjaro by June 18, 2009 for application to the new gold project area. Accordingly, both LVCA and Kilimanjaro as the final share exchange ratio mutually accept the following schedule.
 
  Total Private Placement Accepted   Kilimanjaro Shares LVCA Ratio Issued
 
$                        ----------                      1                    1.0
$ 300,000                      1                    1.2
$ 500,00-                      1                    1.3
$ 1,000,000                      1                    1.4
$ 1,500,000                      1                    1.7
  $2,000,000 plus                    1                    2.0

24
 

EXHIBIT B
KILIMANJARO PROPERTY LIST AS OF MAY 5, 2009
 
 
 
GOLD PROSPECT LICENSES                
 
 
             Renewal      Fresh        
  LICENSE PROJECT Transferred   Application   Appication        
SNo NO NAME To   No.        No. Sq Km Comments PROSPECT DISTRICT
 
 
  PL                    
1 2806/2004 GEITA Geo Can HQ -G15190     21.59   Geita Geita
                  Offer is    
                  out,    
            HQ      -   waiting for    
              P17022 20.85 License    
 
 
    MUSOMA                  
  PL BUNDA                  
2 4511/2007 MURANGI Geo Can         51.63   Masinono Musoma
    MUSOMA                  
    BUNDA                  
  PL MURANGI/Ki               Kinyambwi  
3 4653/2007 nyambwiga Geo Can         30.73   ga Musoma
                  Offer is    
                  out,    
                  waiting for    
                  License,    
    MUSOMA             anticipate    
  PL BUNDA             change in    
4 3482/2005 MURANGI Geo Can HQ -G15670     23.25 size & rent Murangi Musoma
            HQ      -   Offer is    
              P19172 12.14 not out    
    MUSOMA                  
  PL BUNDA                  
5 4818/2007 MURANGI Geo Can         29.11   Murangi Musoma
    MUSOMA                  
  PL BUNDA                  
6 4815/2007 MURANGI Geo Can         21.99   Murangi Musoma
                  Offer is    
                  not out,    
    MUSOMA             anticipate    
  PL BUNDA             change in    
7 3350/2005 MURANGI Geo Can HQ -G15539     30.55 size & rent Suguti Musoma
            HQ      -   Offer is    
              P18625 15.27 not out    
    MUSOMA                  
  PL BUNDA                  
8 3966/2006 MURANGI Geo Can         72.57   Suguti Musoma
                  Expired -    
                  applied    
                  under    
                  fresh    
                  application    
                  for 100%;    
    MUSOMA             waiting for    
  PL BUNDA             Application    
9 1880/2002 MURANGI Geo Can         30.31 number Murangi Musoma
                  Offer is    
    MUSOMA             not out,    
  PL BUNDA             anticipate    
10 3502/2005 MURANGI Geo Can HQ -G15635     21.98 change in Murangi Musoma

25
 

                    size & rent    
 
 
 
              HQ      -   Offer is    
                P19090 10.99 not out    
    PL                    
11   4531/2007 UYOWA Geo Can         95   Uyowa Urambo
                    Offer is    
                    not out,    
                    anticipate    
    PL               change in    
12   3425/2005 UYOWA Geo Can HQ      -G15593     170.33 size & rent Uyowa Uyowa
              HQ      -   Offer is    
                P18861 85.17 not out    
                    Waiting    
  HQ -               for PL    
13   P16177 UYOWA Geo Can         170.92 Number Uyowa Urambo
    PL                    
14   5009/2008 UYOWA Geo Can         244.32   Uyowa Urambo
    PL                    
15   5153/2008 UYOWA Geo Can         134.96   Uyowa Uyowa
                    Missed    
                    renewal    
                    date.    
                    Applied as    
                    100%    
    PL               Fresh    
16   3557/2005 UYOWA Geo Can           application Igwisi Uyowa
              HQ      -   Offer is    
                P19113 171.1 not out    
 
 
                             100%    
                       renewal.    
                     There will    
                                   be    
                       changes    
                     as it is for    
    PLR KAHAMA             a PL. Offer Kahama  
17   4188/2006 SOUTH Geo Can HQ      -G15842     184      not out. South Kahama
                             100%    
                       renewal.    
                     There will    
                                   be    
                       changes    
                     as it is for    
    PLR KAHAMA             a PL. Offer    
18   4189/2006 SOUTH Geo Can HQ      -G15841     61.09      not out. Kahama Kahama
 
 
    PL                 Bunda  
19   2979/2005 BUHEMBA Geo Can HQ      -G15354     68   South Bunda
                    Offer is    
                    out,    
              HQ      -   waiting for    
                P17507 34.92 License    
 
 
                    Offer is    
                    out,    
                    waiting for    
                    License,    
      TARIME             anticipate    
    PL NORTH             change in    
20   3340/2005 MARA Geo Can HQ      -G15540     194.56 size & rent Ikoma Tarime

26
 

                  Offer is    
                  out,    
            HQ      -   waiting for    
              P18623 93.38 License    
                  Offer is    
                  not out,    
    TARIME             anticipate    
  PL NORTH             change in    
21 3341/2005 MARA Geo Can HQ      -G15542     51.25 size & rent Utegi Tarime
            HQ      -   Offer is    
              P18622 25.63 not out    
                  Offer is    
                  not out,    
    TARIME             anticipate    
  PL NORTH             change in    
22 3339/2005 MARA Geo Can HQ      -G15541     3.57 size & rent Tarime Tarime
            HQ      -   Offer is    
              P18621 1.79 not out    
    TARIME                  
  PL NORTH                  
23 4225/2007 MARA Geo Can         42.35   Kiagata Musoma
 
 
    NORTH                  
    MARA               Nyamwan  
  PL NYABIGENA               ga/Nyamo  
24 3355/2005 EAST Geo Can         24.06   ngo Tarime
    NORTH                  
    MARA                  
  PL NYABIGENA                  
25 4645/2007 EAST Geo Can         16.9   Tarime Tarime
 
 
                  Offer is    
                  not out,    
                  anticipate    
  PL KUBAISI-             change in    
26 3338/2005 KISERYA GeoCan HQ      -G15538     25.52 size & rent Kubaisi Musoma
            HQ      -   Offer is    
              P18620 12.76 not out    
  PL KUBAISI-                  
27 4726/2007 KISERYA GeoCan         106.29   Tarime Tarime
 
 
                  Offer is    
                  not out,    
                  anticipate    
  PL KAHAMA             change in    
28 3439/2005 SHINYANGA Geo Can HQ      -G15592     47.74 size & rent Wendele Kahama
            HQ      -P   Offer is    
              18860 23.87 not out    
                  Offer is    
                  out,    
                  waiting for    
                  License,    
                  anticipate    
  PL               change in    
29 2747/2004 KALEMELA Geo Can HQ      -G15188     63.71 size & rent Magu Magu
                  Offer is    
                  out,    
            HQ      -   waiting for    
              P16882 36.31 License    
                  Offer is    
                  not out,    
                  anticipate    
  PL               change in Bunda  
30 2910/2004 KALEMELA Geo Can HQ      -G15189     76.81 size & rent South Mara

27
 

                    HQ -    Offer is    
                      P17306 39  not out    
                           Offer is    
                           out,    
                           waiting for    
                           License,    
                           anticipate    
  PL                        change in    
31 3006/2005   KALEMELA   Geo Can HQ -G15365     113.31  size & rent Bunda Mara
                           Offer is    
                           out,    
                    HQ -    waiting for    
                      P17617 56.74  License    
 
 
  PL                         Igusule Igusule
32 5469/2008   IGUSULE   Geo Can             23.01   East East
  PL                            
33 2702/2004   IGUSULE   Geo Can             23.01   Igusule Igusule
 
 
      ASSOCIATE                        
  LICENSE   D FRESH                        
  S THAT   APPLICATIO                        
  EXPIRED   NS:                        
  PL                            
  3557/2005 HQ      -P19113                        
  PL                            
  2309/2003 HQ      -P19149                        
  PL                            
  3311/2005 HQ      -P19000                        
 
 
URANIUM PROSPECT LICENSES                    
 
FRESH
  LICENSE   PROJECT RENEWAL          TRANSFERRED      
SNo                 APPLIC.       PROSPECT SqKm COMMENTS
  NO                  NAME   APPLIC. NO       TO        
NO.
        HQ -G 15966 HQ      -P            
                  20290,            
  PLR             HQ      -P            
1 4433/2007        MBINGA           20291      Geo Can              Mbinga 1101  
  PLR     HQ -G 15967 HQ      -P            
2 4335/2007        MBINGA           20316      Geo Can            Litembo 462.5  
  PL                            Pulambili,    
3 4254/2007        MBINGA                  Geo Can              Mbinga 197.5  
                HQ      -P           License
                  20315           expired May
                              8, 2009 -
                              Fresh
  PLR                           Application
4 4345/2007        MBINGA                  Geo Can              Mbinga 980 made
                HQ      -P           License
                  20426           expired May
                              23, 2009 -
                              Fresh
  PLR                           Application
5 4346/2007        MBINGA                  Geo Can              Mbinga 307.1 made
 
 
  PL                           Expires
6 4651/2007        KIWIRA                  Geo Can              Makete 173 SEPT 17/09
  PL                                Chunya/    
7 4406/2007        KIWIRA                  Geo Can              Mbeya 101.6  
  PL                            
8 4514/2007        KIWIRA                  Geo Can                Kyela 139.6  
  PLR     HQ -G 15934 HQ      -P            
9 4297/2007        NJOMBE           20180      Geo Can            Njombe 282.2  

28
 

  PL   HQ      -G 15882 HQ      -P   Chunya/    
10 4068/2007 LAKE RUKWA       19941 Geo Can Mbeya 268.8  
  PLR                 Expires
11 4692/2007 MKUJU EAST         Geo Can LIWALE 423.5 SEPT 16/09
  PLR             Madaba   Expires
12 4644/2007 MKUJU EAST         Geo Can North 672.79 AUG 5/09
  PL                  
  4339/2007 BAHI –                
13 (LAKE VIC) HOMBOLO         Geo Can Bahi    

29
 

   
   
   
 
 
                                                                                      
1010694 Alberta Ltd./Norm Suvan 220,800
Adrian and Sharon Thomas 37,500
Ahmed Magoma 663,750
Aldo V. Pascucci 150,000
Andre Kuttel 480,000
Arthur L. Pierce 48,000
Barbara Langford Fries & Richard Fries 60,000
Baxter P A Limited 36,000
Beth and Steve Hankinson 32,000
Bruce M Niemi 348,000
Carl Rosaine & Linda Rosaine (Tenants in Common) 96,000
Casey Lapka 388,800
Charles Gallo 60,000
Charles Mramba 9,000
Charles Totera and Isaac Marobhe 6,000
Charmion S. Hay 24,000
Chee Meng chan and Helen Liliy Eng 129,600
Cierrah Kalenuik - Bolton 6,000
Dale Gelderman 72,000
Daniel Wilson 224,640
David Gamache 127,500
David Ian MacGregor Fraser 28,800
David T W Ng & Kathleen CF Ng 48,000
David T. Kalenuik 627,000
David Wilson 72,000
Donna Klym 256,000
Dr S.P. Holland Inc. 48,000
Dustin Wilson 48,000
Edward Mandel 120,000
Enavest International S.A. 1,800,000
FN Stockbrokers Ltd. 1,230,000
G. Garo Chalian 144,000
Ganatz LLC 144,000
Garo Chalian 336,000

30
 

                                                                                      
GBC Inc. 24,000
George Athanas 101,250
George Hoagland 300,000
George Lennox 520,032
Glen West and Joanna Melba West 60,000
H.E. Capital S.A. 1,170,000
Heidi Kalenuik 15,411,000
Ide Endowment, LLC 77,840
Incite Enterprise 179,122
James T. Larson 423,000
Janet L champness 360,000
Jenny Chang 240,000
Jessica Leech 3,000
Joel Freeman 744,601
John & Jennifer Gold 72,000
Joshua Kalenuik 24,000
Joyce Humphrey Invo 9,000
Keil Robert 18,718
Kevin Chance 12,000
Kissinger Family Enterprises LLC 495,000
Linda Humes Total 48,000
Lloyd Lennox Total 63,000
Lysachuck Dwayne Total 60,000
Manyama Mkweba Total 18,000
Metanoia Institute, a Corporation Sole Total 132,000
Michael Evans 24,000
Ming Zhu 150,000
Misac Nibighian 60,000
Nancy F. Brown 156,000
Nor-Chris Holdings 60,000
Paul Bommarito 150,000
Peng Ee Wong & Lee Pheng Wong 24,000
Peter Marshall 24,000
Phantom 24,000
Pius Gurber 480,000
POP Holdings Ltd 1,095,247
Rene Larson 48,000
Richard Leech 6,000

31
 

                                                                                      
Robert Genereux AND/OR Bruna Genereux 120,000
Robert Keil 24,000
Robert W. Seeley 225,000
Rodney Filtness 24,000
Roger Mahler 480,000
Roger Newell 300,000
RSR Tanzania Ltd. 30,000
Ruth Kalenuik 60,000
Ryan Deweerd 37,500
Sajira S. Kilongo 9,000
Saul Schmidt 240,000
Scott L. Parpala 24,000
Sean Mackenrot 124,200
Sierra Verde Asociados S.A. de C.V. 24,000
Stephen Freeman 120,000
Sterling Trust Company, Custodian, FBO William I Kissinger A/C 98775 375,000
Stuart and Charmion Yule 210,049
Sure Foundation Ministries/Helen Lapka 57,600
Susan Bosshard 480,000
Tama-maya Copeman & Ludmila-Metislavna Copeman 32,000
Thobias Nyalwar 45,000
Tim Benton 24,000
Trent and Ashley Koenings 60,000
Walter Enderli 480,000
William and Deborah Kissinger joint tennants common 96,000
William H. Fallon Prof Group 132,000
William K. Baker 60,000
William Kissinger 240,000
William Lee & Walter Lee 24,000
Windhorse Corporation 2,508,000

32