Skyline Gold Corporation has granted Spirit Bear Minerals (SBM) the sole and exclusive right and option to aquire a 70% interest in the Iskut Property, this however does not include the Bronson Slope Deposit.

• Spirit Bear Minerals Ltd. is an arms length private company

• SBM with Skyline will develop 4,400 hectares of Skyline's Iskut River Property

• Spirit Bear to spend $6,500,000 in exploration over 5 years

• SBM to pay Skyline a total of $240,000 in cash installments at various stages of the agreement

• SBM to issue 2,000,000 shares to Skyline, 200,000 at the commencement of the deal and blocks of shares at each anniversary of the agreement