Especially with the level of disinformation that UC is sometimes subjected to in this regard.

Here is the agreement between NORONT and BOLD just to remind us how common this type of agreement is.

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BOLD to earn 50% on 6 claim blocks, strategically located in the "Ring of Fire"

TORONTO, ONTARIO - (April 8, 2008) - Noront Resources Ltd. (TSX VENTURE:NOT)("Noront") and Bold Ventures Inc. (TSX VENTURE:BOL)("Bold")...

In order to acquire its interest in the property, Bold is required to:

1. Make an initial payment to Noront of $120,000 or issue to Noront a total of 240,000 common shares of Bold, on both parties receiving all required approvals, including any TSX Venture Exchange approval and board of director approval of the option agreement;

2. Incur total exploration expenditures on the property of $2.1 million over a three year period (of which $600,000 must be expended in the first year);

3. Make total cash payments to Noront of $240,000 within two years of receiving the above-noted approvals of the option agreement (of which $120,000 must be paid by the first anniversary, and any portion of the total of $240,000 may be satisfied at the option of Noront, by the issuance of to Noront of up to 400,000 common shares of Bold at a deemed price of $0.50 per share).

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BK