(from the 20-F)

2001, Campbell enters option agreement with Queenstake to sell Sotula (Santa Gertrudis Property) to Queenstake Resources. Actioned January 2002.

Campbell to receive:

1. Up to US $2M dependant on future events (triggered on price of gold)
a. 2002: Campbell receives US $ 150K (978,500 Queenstake shares subsequently sold for CAD $430K
b. 2003: Campbell receives US $1.65M ($1.492M CAD with remainder in Queenstake shares)
2. 1% NSR all future production
3. 1/3 share of any proceeds from Queenstakes sale of Sotula

2002, Campbell sells Recursos Esconditos (Roca Roja Property) to International Coromandel Resources

Campbell receives:

1. 50K shares of Coromandel
2. 1% NSR
3. Royalty of US $0.10 per ton of ore mined up to US $2M

2002, Queenstake sells Santa Gertrudis Property to Coromandel (ICD.TSX):

Campbell receives 1/3 share of proceeds by:

1. 120,769 shares of Coromandel
2. 2/3% NSR on Santa Gertrudis Property (Queenstake actually received 2% NSR. I believe the shares were worth about a dime at the time – confusing because of the name change to Sonora Gold Corp)

I would guess that the 2/3% NSR when Queenstake sold the Santa Gertrudis property would over-ride the original 1% NSR promised when the property was purchased from Campbell IMHO

Coromandel subsequently changed its name to Sonora Gold (SGG on the TSX and trades for $0.85). They just signed an agreement with Deal Capital Ltd to sell the Santa Gertrudis Property.(Sedar)

GLTA

sp1