el63 1102 & e63/872, page-14

its in the RMR announcement

1. Option - Tenement E63/1375
? 30 day due diligence period.
? $60,000 option fee payable at expiration of due diligence period.
? 18 month option period.
? $100,000 payable on exercise of the option, together with ordinary fully paid shares in Ram with a market value of $200,000 at the date of exercise.
? Vendor will retain a 1.5% net smelter royalty.

2. Option - Tenements E63/872 and E63/1102 (40% interest)
? 30 day due diligence period.
? $60,000 option fee payable at expiration of due diligence period.
? 18 month option period.
? $100,000 payable on exercise of the option, together with ordinary fully paid shares in Ram with a market value of $200,000 at the date of exercise.
? Vendor will retain a 1.5% net smelter royalty.

3. Acquisition - Tenements E63/872 and E63/1102 (Conditional 60% interest)
Ram will acquire the vendor’s 60% interest in E63/1102 (with the vendor retaining all gold rights in respect to the 60% interest in E63/1102) and 100% of the base metal and PGE rights in the vendors 60% interest in E63/872.
? 45 day due diligence period.
? $70,000 payable in ordinary fully paid shares in Ram, at expiration of due diligence period.
? $100,000 payable in cash or ordinary fully paid shares in Ram, payable 18 months from the date of completion of due diligence. Ram may elect not to make payment by notice in writing to the vendor during the 18 month period, in which case the tenement will be transferred back to the vendor.
? Vendor will retain a 1.5% net smelter royalty.