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APPROVED MINERAL PRODUCTION
SHARING AGREEMENT (MPSA)
As of FEBRUARY 2006

TENEMENT ID	TENEMENT HOLDER	DATE APPROVED	EXPIRY DATE	LOCATION	AREA (has.)	COMMODITY	REMARKS
V-095-97	Base Metal Mineral Resources Corp. (Now Filminera Resources Corp.)	11/20/97	11/20/22	Aroroy, Masbate	289.9466	Gold, Silver, etc.	EXPLORATION
V-146-99	Ibalong Resources Devt. Corp	12/29/99	12/28/24	Camalig and Guinobatan, Albay	1,061.9087	limestone	OPERATING
V-139-99	Johson Gold Mining Corp.	09/20/99	09/19/24	Jose Panganiban, Camarines Norte	9.0000	Copper, Gold, Silver	EXPLORATION
V-122-98	Ungay Malobago Mines, Inc. (Assigned to Rapu-Rapu Minerals, Inc.)	06/17/98	06/16/23	Rapu-Rapu, Albay	144.2000	Gold and other Minerals	EXPLORATION, ASSIGNED TO RAPU-RAPU MINERALS APPROVED PER ORDER BY THE DENR SECRETARY DATED 12/05/2002
V-065-97	UP Mines, Inc.	05/13/97	05/12/22	Camarines Sur	7,938.0000	Limestone, etc.	EXPLORATION
V-168-2001	Rapu-Rapu Minerals, Inc.	01/16/01	01/15/26	Rapu-Rapu, Albay	1,585.8083	Copper, Gold, Silver, Zinc, etc.	EXPLORATION
V-119-98	Indophil Resources Phils., Inc.	06/04/98	06/03/23	Labo, Camarines Norte	995.3844	Gold, etc.	EXPLORATION
V-160-2000	Maria Cruz R. Del Gallego	06/23/00	06/22/25	Del Gallego, Camarines Sur	332.0602	Ball Clay	EXPLORATION
V-163-2000	Ungay Malobago Mines, Inc.	09/12/00	09/11/25	Rapu-Rapu, Albay	167.8625	Gold and other Minerals	EXPLORATION
186-2002-V	UBS Marketing Corp.	12/12/02	12/12/27	Legazpi City, Albay	276.2273	Perlite, White Clay, etc.	OPERATING
192-2004-V	Rapu-Rapu Minerals, Inc.	05/22/04	05/22/29	Rapu-Rapu, Albay	2,640.9247	Gold and other Minerals	EXPLORATION
195-2004-V	San Christo Mineral Explo. Corp.	06/08/04	06/08/29	Paracale and Labo, Camarines Norte	1878.1671	Gold, etc.	EXPLORATION
207-2004-V	Nenita O. Pimentel	11/03/04	11/02/29	Paracale, Camarines Norte	70.57	Gold, etc.	EXPLORATION
211-2005-V	Bicol Chromite & Manganese Corp.	04/28/05	04/28/30	Lagonoy, Camarines Sur	2,243.1029	Chromite, Gold, etc.	EXPLORATION
212-2005-V	Bicol Chromite & Manganese Corp.	04/28/05	04/28/30	Lagonoy, Camarines Sur	2,741.0582	Chromite, Gold, etc.	EXPLORATION

TOTAL AREA=					22,374.2209

APPROVED MINERAL PRODUCTION
SHARING AGREEMENT (MPSA)
(NOT YET REGISTERED)
As of FEBRUARY 2006

TENEMENT ID	TENEMENT HOLDER	DATE APPROVED	EXPIRY DATE	LOCATION	AREA (has.)	COMMODITY	REMARKS
V-219-2005	Vicar Mining Corp.	08/23/05	08/22/30	Aroroy, Masbate	783.7837	Gold, Copper, Silver, etc.	Proponent to Pay the required Occupation Fees Prior to registration and release of the MPSA Contract

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APPROVED MINERAL PRODUCTION SHARING AGREEMENT (MPSA) As of FEBRUARY 2006

APPROVED MINERAL PRODUCTION
SHARING AGREEMENT (MPSA)
As of FEBRUARY 2006