Agreements

Tuesday, March 16th, 12:30pm – 2:30pm, Seasons Room at Four Seasons Hotel Vancouver. Tickets: $50 through the Vancouver Opera Box Office: 604-683-0222. On sale Monday, January 18th.

Vancouver-based Jinshan Gold Mines Inc. announced that it has executed a memorandum of understanding with China National Gold Corporation and another partner to acquire a 100% interest in the Jiama property in China. The Jiama property, a polymetallic deposit consisting of copper, molybdenum, gold, silver and other minerals, is currently in the development stage and is owned by China National Gold. Jinshan is a mining company whose principal asset is the CSH Gold Mine located in Inner Mongolia.

Vancouver-based Centurion Minerals Ltd. announced that it has executed a Memorandum of Agreement to acquire a 77% interest in PT Tambang Mas Sable, a private company which holds a contract of work (COW) on the Sable gold project in Aceh Province, Northern Sumatra, Indonesia. Centurion will be responsible for assisting and funding the reactivation of the COW at a cost of US$60,000 as well as funding 100% of exploration costs to feasibility stage of the Sable project.

Calgary-based Pan Orient Energy Corp., an oil and gas exploration and production company with operations in Thailand, Indonesia and in Western Canada, has agreed to purchase additional interests in Indonesia. The principal interest is a 30% non-operated participating interest in the Tungkal production sharing contract (PSC) located onshore in South Sumatra. The other interest is a US$5 million receivable payable upon first commercial gas delivery from the Ruby gas field located offshore in the Sebuku PSC.

Montreal-based Xebec Adsorption Inc., which specializes in the design and manufacture of purification, separation, dehydration, and filtration equipment for gases and compressed air, announced that through its wholly-owned Chinese subsidiary, it has become a certified vendor of natural gas dehydration equipment to Sinopec and CNPC - Chinese energy companies and developers of compressed natural gas (CNG) fueling stations in China. In the year to date, Xebec has received orders for a total of four natural gas dryers from these companies for CNG stations to be constructed in late 2009.

Saskatoon-based International Road Dynamics Inc., a highway traffic management technology company specializing in supplying products and systems to the global Intelligent Transportation Systems industry, announced that it has been awarded two contracts for the design and implementation of integrated tolling and traffic management systems in India. The first contract, awarded by Madhucon Projects Ltd., is to set up a tolling plaza and provide an integrated traffic management solution in Tamil Nadu.

Ottawa-based Bridgewater Systems Corp., which provides mobile personalization services, announced that Global Mobile, a 4G operator in Taiwan, is deploying the Bridgewater Service Controller and Policy Controller to deliver mobile multimedia services to consumers and enterprises. The solutions are being delivered in collaboration with CommVerge Solutions, a network services company in the Asia Pacific region.

Vancouver-based International Gold Mining Limited, an exploration and development company engaged in the search for and development of gold in Australia, announced that it has signed a Heads of Agreement with Vancouver-based Salmon River Resources Ltd. Under the terms of the agreement, Salmon River may acquire the Eureka gold project, located 50km north of Kalgoorlie, Western Australia, for $2 million payable in tranches of $500,000 over three years. The companies plan to sign a formal agreement by November 2, 2009.

Vancouver-based Lions Gate Metals Inc. (LGM) has reached an agreement in principle with AusNiCo Pty. Ltd. of Australia to merge the companies under LGM. AusNiCo, which is 79% owned by D’Aguilar Gold Ltd. of Australia, has nickel exploration tenements in Southeast Queensland. LGM will acquire all of the issued securities of AusNiCo in exchange for the issue of 10 million common shares and three million five-year warrants exercisable at C$1.10 per share. Each company will appoint three directors to a new LGM Board of six directors.