Black Sea Minerals Inc Watch

from SB-2 5 pages Trustee Agreement This Agreement Made as of the 24th Day of March, 2003. Between: Black Sea Minerals Inc., a Corporation Incorporated Pursuant to the Laws of the State of Delaware With a Head Office at 525 Seymour Street, Suite 908, Vancouver, British Columbia V6b 3h7 (“The Company”) (Of the First Part) and Joanne McClusky, Barrister and Solicitor of #900 – 525 Seymour Street, Vancouver, B.C. V6b 3h7 (“The Trustee”) (Of the Second Part) And: Subscribers of the Company’s Common Shares as Hereinafter Described. Whereas

from SB-2 17 pages Purchase Agreement, Garnet This Agreement Is Made as of the 1st Day of March, 1999 Between: Aurora Pacific Consulting and Development Corp. 525 Seymour Street, Suite #714 Vancouver, British Columbia V6b 3h7 (The “Vendor”) And: Black Sea Minerals, Inc. #908 - 525 Seymour St. Vancouver, Bc V6b 3h7 (The “Purchaser”) Whereas

from SB-2 2 pages Amending Agreement (Ecogarnet Joint Venture) Dated for Reference the 6th Day of March, 2003 Regarding the Ecogarnet Joint Venture Between: Black Sea Minerals Inc., a Corporation Incorporated Pursuant to the Laws of the State of Delaware With a Head Office at 525 Seymour Street, Suite 908, Vancouver, British Columbia V6b 3h7 (The “Company”) (Of the First Part) And: Aurora Pacific Consulting and Development Corp. a Corporation Incorporated Pursuant to the Laws of the Province of British Columbia With a Head Office at 525 Seymour Street, Suite 908, Vancouver, British Columbia V6b 3h7 (“Aurora”) (“Of the Second Part”) Whereas: R.1 the Parties Entered Into an Agreement Dated March 1, 1999 to Purchase Aurora’s 60% Interest in a Ukrainian Privatized Company Called the Ecogarnet Joint Venture (“Ecogarnet Agreement”). R.2 the Purchase Price Was One Million Common Shares of the Company (The “Shares”) to Be Issue to Aurora Upon Commencement of Production of Garnet. R.3 the Ecogarnet Agreement Stated That Ownership Would Remain With Aurora Until the Purchase Price Was Fully Paid. R.4 Aurora Has Agreed to the Immediate Transfer of Beneficial and Registered Ownership of Its 60% Interest in the Ecogarnet Joint Venture to the Company. R.5 Aurora Has Further Agreed to Defer Receipt of the Shares Until the Earlier of Production of 100 Tons of Garnet From a Pilot Plant to Be Installed at the Site of the Turbiv Tailings Pond by March 1, 2005

from SB-2 17 pages Now Therefore This Agreement Witnesses That in Consideration of the Representations, Warranties, Covenants and Agreements Hereinafter Set Forth and for Other Good and Valuable Consideration (The Receipt and Sufficiency of Which Are Hereby Acknowledged by Each of the Parties), the Parties Represent, Warrant, Covenant and Agree as Follows: Section I Interpretation 1.1 Definitions. Each of the Words, Phrases and Expressions Described in Schedule “A” Shall Have the Meanings Ascribed Thereto