Visible Gold Mines Inc. has entered into a mineral option agreement with EEE Exploration Corporation ("EEE") pursuant to which EEE has an option to acquire a 50% undivided interest in the MegaLi Property (the "Property"). The MegaLi Property is comprised of a total of 78 mining claims covering a total area of 3,996.67 hectares and is located in the James Bay Region in the Province of Québec. Under the Agreement, EEE has the option (the "Option") to acquire a 50% interest in the Property by: making aggregate cash payments of $325,000 to Visible Gold Mines ($25,000 on execution of the Agreement, $50,000 on the first anniversary of the Agreement, $100,000 on the second anniversary of the Agreement, and $150,000 on the third anniversary of the Agreement); issuing an aggregate of 3,000,000 Class A common shares of EEE (each, a "Share") to Visible Gold Mines (500,000 Shares on execution of the Agreement, 700,000 Shares on the first anniversary of the Agreement, 800,000 Shares on the second anniversary of the Agreement, and 1,000,000 Shares on the third anniversary of the Agreement); and incurring at least an aggregate amount of $1,850,000 in exploration expenditures on the Property (at least $350,000 on or before the first anniversary of the Agreement, at least an additional $500,000 on or before the second anniversary of the Agreement, and at least an additional $1,000,000 on or before the third anniversary of the Agreement).

The Shares issued under the Agreement will be subject to a four month hold period pursuant to applicable securities laws. On successful exercise of the Option, EEE will have acquired a 50% undivided interest in the Property and the parties will be deemed to have formed a joint venture for the purposes of the continued exploration of the Property. Under the joint venture, EEE will be the first operator on the Property and each party will be required to contribute its proportionate share of all Property expenditures or be diluted accordingly.

If a party is diluted to a 2% or lower joint venture interest in the Property, then that party's interest in the Property will convert into a 2% net smelter returns royalty.