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****************** PURCHASE AND SALE

CONTRACT

Contract No.: **************

This PURCHASE AND SALE CONTRACT made on May 15, 2009 in Beijing city

BETWEEN

BUYER：

********

Add.: *******

Tel: ******

Fax: ******

AND

SELLER：

*************

Add.: *************

Tel: *****

Fax: *******

The BUYER is desirous of buying all such molybdenum concentrate from the SELLER. The BUYER confirmed the purchase of the contracted amount from the SELLER in this contract. And where as the BUYER, is desirous of purchasing all such molybdenum concentrate offered by the SELLER.

The SELLER is willing to give all his productions and sales in this contract to the BUYER.

----------THE SELLER AND THE BUYER HEREBY AGREE AS FOLLOWS-----------

1.DEFINITIONS

Unless specifically stated the following terms in this contract shall refer to and will have the following meaning:

Goods shall mean molybdenum concentrate;

DMT shall mean dry metric ton;

MMT shall mean metal metric ton;

MTU shall mean metric ton unit;

"Metric Ton" shall mean a ton of 1,000 kilograms or 2,204.62 pounds avoirdupois wet or dry basis as stated;

PPM shall mean part per million or 1 gram per Metric Ton.

Inspectorate shall mean independent inspectorate as CGL (Central Geological Laboratory, Mongolia) and/or its correspondenc; CIQ (China Entry-Exit Inspection and Quarantine Association) and/or its correspondence, CCIC[China Certification & Inspection (Group)Co., LTD] and/or its correspondence, or any independent inspectorate accepted by both parties;

T/T shall mean Telegraphic Transfer;

$ or dollar or cent shall mean dollars and cents of the United States of America official currency ;

DAF shall mean delivered at frontier as per Incoterms 2000.

1.GOODS

1) Name of goods

******

2) Specification

*******

Goods should not contain radioactive element and other harmful impurities.

3) Weight

*******

4) Price (packing charges included)

USD*****0/DMT(U.S.DOLLARS SEVEN THOUSAND FIVE HUNDRED) per DMT DAF Erlianhot on basis of 50% Mo with premium/penalty USD 150 per DMT for 1% increase/decrease in Mo above/below 50% Mo, scale fraction pro-rata.

5) Renegotiation

a. If the Mo content is below 48% or the goods is over the impurity, the BUYER has

the right to reject accepting the goods or the price will be renegotiated by the two parties.

b. If the BUYER rejects the goods according to the reasons mentioned above, then all

charges will be to SELLER’s account.

2.TOTAL VALUE

USD******* (U.S.Dollars seven hundred and fifty thousand).

The exact total value should pay the SELLER will be determined by the Mo content according to the certificate from CIQ/CCIC (China).

3.INSURANCE

Insurance up to the point of delivery shall be the responsibility of the SELLER.

Insurance after the point of delivery shall be the responsibility of the BUYER.

4.PLACE OF SHIPMENT

*********

5.PLACE OF DELIVERY

*************

6.SHIPMENT