Relinquishment and Surrender of Lease and Option with Energy Venture LLC and Uravan Land and Cattle Company LLC dated May 15, 2009

EX-10.18 3 exhibit10-18.htm RELINQUISHMENT AND SURRENDER OF LEASE AND OPTION Filed by sedaredgar.com - Yellowcake Mining, Inc. - Exhibit 10.18

RELINQUISHMENT and SURRENDER of LEASE and OPTION

Yellowcake Mining, Inc. (the “Lessee”), pursuant to a certain lease and option agreement made between the Lessee and

Energy Venture LLC and Uravan Land and Cattle Company LLC (jointly, the “Lessor”) dated December 28, 2007 (the “Lease and Option”), hereby terminates and cancels said Lease and Option effective immediately and all rights and obligations under said Lease and Option are hereby cancelled.

All the interests of Lessee in the property under or by virtue of the Lease and Option are hereby absolutely extinguished effective immediately.

The Lessee hereby quits claims to the real property more particularly described in Schedule “A” attached hereto, together with all appurtenances and water rights incident thereto.

This agreement shall be binding upon the parties, their successors, assigns and personal representatives.

In witness whereof, the Lessee has signed this 15th day of May, 2009.

YELLOWCAKE MINING INC.

By: /s/ William Tafuri
Name: William Tafuri
Title: President, CFO, Secretary and Treasurer

PROVINCE OF BRITISH COLUMBIA )
  )SS
COUNTY OF ____________________ )

On this 15th day of May, 2009, there personally came before me William Tafuri, as President and CEO of Yellowcake Mining, Inc., a Nevada corporation and acknowledged the foregoing to be his free act and deed in his said capacity and the free act and deed of said a Nevada corporation.

/s/ Karen Richardson

NOTARY PUBLIC

  Residing at: KAREN F. RICHARDSON
    Barrister & Solicitor
    800-885 West Georgia Street
    Vancouver, BC V6C 3H1
    Telephone: (604) 687-5700

My Commission Expires:

My commission never expires


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Schedule “A”

Mining Properties and Disclosure of Matters Relating to Mining Properties

The Dreamaker Claims

Legal Description:


CLAIM GROUPS AND
CLAIM NAMES

LOCATION
DATE


CMC NO.
DATE
FILED
WITH BLM

CO. DOC.
NO.


DATE REC.


LOCATOR
Dreamaker #1 09-12-2007 272165 10-18-2007 781829 10-10-2007 Energy Venture LLC
Dreamaker #2 272166 781830
Dreamaker #3 272167 781831
Dreamaker #4 272168 781832
Dreamaker #5 272169 781833
Dreamaker #6 272170 781834
Dreamaker #7 272171 781835
Dreamaker #8 272172 781836
Dreamaker #9 272173 781837
Dreamaker #10 272174 781838
Dreamaker #11 272175 781839
Dreamaker #12 272176 781840
Dreamaker #13 272177 781841
Dreamaker #14 272178 781842
Dreamaker #15 272179 781843
Dreamaker #16 272180 781844
Dreamaker #17 272181 781845
Dreamaker #18 272182 781846
Dreamaker #19 272183 781847
Dreamaker #20 272184 781848
Dreamaker #21 272185 781849
Dreamaker #22 272186 781850
Dreamaker #23 272187 781851
Dreamaker #24 272188 781852
Dreamaker #25 272189 781853
Dreamaker #26 272200 781854
Dreamaker #27 272191 781855
Dreamaker #28 272192 781856
Dreamaker #29 272193 781857
Dreamaker #30 272194 781858
Dreamaker #31 272195 781859
Dreamaker #32 272196 781860
Dreamaker #33 272197 781861
Dreamaker #34 272198 781862
Dreamaker #35 272199 781863
Dreamaker #36 272200 781864
Dreamaker #37 272201 781865
Dreamaker #38 272202 781866
Dreamaker #39 272203 781867
Dreamaker #40 272204 781868


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Disclosure of Matters Relating to Mining Properties

Lessor’s title to the Mining Properties is expressly subject to the following defects, encroachments, impairments or overlaps of the Mining Properties, upon rights of others.

  1.

Overlaps of any portion of any Mining Properties upon State Lands where the State of Colorado has the mineral interest, or upon federal lands withdrawn from mineral entry.

  2.

Surface rights grantees, licensees and permittees of the United States and State of Colorado, including, but not limited to grazing rights (permits or leases), rights of ways, roads, utility corridors, and water rights recognized by the Colorado State Engineer or reserved to the Federal Government

  3.

Rights of parties to non-locatable minerals, including but not limited to oil, gas, coal, hydrocarbons, leaseable minerals, leaseable resources, and common minerals

  4.

Overlaps of any claims constituting the Mining Properties, where the claim is in itself otherwise valid except to the extent of its overlaps upon (1) other mining claims having a valid priority of the area of the overlap, (2) patented mineral estates, (3) State Lands or (4) federal lands not open to mineral entry such as the lands in Atomic Energy Withdrawal areas.