July 23, 1997

NWB file # NWB2GEO

E.J. (Gene) Gulajec

Land Manager, Canada

Homestake Canada Inc.

P.O. Box 11115

1100-1055 West Georgia St.

Vancouver, BC

V6E 3P3

Dear Gene,

Re: Assignment of Water licence NWB2GEO.

This will acknowledge receipt of the water licence assigment fee, cheque # 17786 in the amount of $ 30.00 for the George Lake property. Enclose for your records is receipt number C 101020.

Yours Truly,

David Porter

Licence Administrator

cc.	DIAND, Water Resources

N.W.T. region.