8-K/A

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K/A

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

December 7, 2007

Date of Report

(Date of Earliest Event Reported)

Nilam Resources Inc.

(Exact Name of Registrant as Specified in its Charter)

Nevada                                      333-135980                          98-0487414

(State or other jurisdiction of      (Commission                        (IRS Employer

incorporation)                                File Number)                 Identification No.)

42 Camden Street, Suite 503, Toronto, Ontario     M5V 1V1

(Address of principal executive offices)                   (Zip Code)

1-416-823-0915

(Registrant's telephone number, including area code)

N/A

(Former name and former address, if changed since last report)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to simultaneously  satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

|_|Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

|_|Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

|_|Pre-commencement communications pursuant to Rule  14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

|_|Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

SECTION 1 – REGISTRANT’S BUSINESS AND OPERATIONS

ITEM 1.01Entry into a Material Definitive Agreement.

On December 10, 2007, the Company entered into an agreement with MRC 1 Exploraciones EIRL of Peru, to purchase the Llippa Project (“Llippa”) for $100,000 (US) The property is located 380 km from Lima, Peru in the Llippa District, Ocros province, Ancash department.  Llippa is a mineral claim consisting of two major mining concessions, The Prospera mine and La Prospera XXI.  The geology on the property exposes volcanic rocks of the Calipuy Group (andesiticas lava).  The mineralization on the property belongs to a polymetallic mesothermal deposit; bornite, chalcopyrite, galena (Cu, Pb) like main minerals and Au-Ag like by-product. The Llippa claim will be held by the Company’s subsidiary, Nilam Resources Peru, S.A..

On December 10, 2007, the Company acquired the El Baron (a.k.a “El Varon”) mineral claim from Mr. Len DeMelt. Mr. DeMelt acquired the claim in early 2007 in a private transaction and transferred the claim to the Company for no consideration.  EL Varon project consists of the Tati and San Marino No.2 mining concessions.  The property is located in the historical Central mining district along the main access road leading to Cerro de Pasco, a significant Au-Cu-Zn-Ag deposit and the Doe Run smelter located in the town of La Oroya. El Varon claim is located approximately two hours driving time from Lima, Peru.  The El Varon claim will be held by the Company’s subsidiary, Nilam Resources Peru, S.A..

SECTION 5 - CORPORATE GOVERNANCE AND MANAGEMENT

ITEM 5.02DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS.

The Board of Directors of the Company appointed Mr. Alain Vachon to the position of President and Chief Operating Officer. He has also been nominated for election to the Board of Directors.  His nomination will be submitted to a vote of the shareholders.

Mr. Vachon has served as the South American Exploration Manager for Paramount Gold and Silver Corp. from September 2005 to June of 2007.  Paramount is traded on the AMEX under the symbol “PZG”.  From May of 2004 to October 2006, Vachon served Gold Hawk Resources as their Exploration Manger.  Mr. Vachon was an independent consulting Geologist for numerous mining companies in North and South America from January 2002 to April of 2004.  From March of 1997 to December 2001, Mr. Vachon was the Exploration Manager for Sulliden Exploration for mining projects in Peru and Canada.  Mr. Vachon was the Senior Geologist for Barrick Gold from April 2004 to February 1997.  Prior to his service to Barrick Gold, Mr. Vachon was the Senior Geologist for Noranda Exploration in Quebec, Canada.  Mr. Vachon has also served in executive or senior geology positions for RESS Minieres Touyn, Kiwatin Services, Noramco Exploration, Soquem, and Muschocho Exploration. Prior to 1981, Mr. Vachon worked for Serem Limitee, Shell Canada Mineral and Merq.  He is fluent in French, English and Spanish languages.

Additionally, the Board of Directors appointed several qualified individuals to executive positions within the Company.  Mr. Larry Sostad was appointed to the position of Director of Mining.  Mr. Sostad has been working in the mining industry since 1965 and is experienced in geological exploration and corporate management.  Mr. Sostad has worked on projects in North and South America, including positions with Cominco Ltd., Kootenay King Resources Inc., Rio Tinto, and Noranda. Mr. Sostad’s expertise is in exploratory geological operations for precious and base metals and mineral assessment.

Mr. Juan Manuel Elescano was appointed to the executive position of Director of Exploration, Peru.  Mr. Elescano is a Senior Exploration Geologist with over 20 years of experience in mining operations.  Juan Elescano has worked with a number of gold producers in South America, most notably Barrick Gold for which he has over a decade of collaboration as a private contractor and a consulting engineer.  Mr. Elescano is a Senior Professor of Geologic Engineering at San Marcos University in Lima, Peru.  He has a degree in Geological Engineering from San Marcos National University.  Mr. Elescano lives in Lima, Peru.

Mr. Carlos Ortiz was appointed to the executive position of Director of Operations, Peru.  Mr. Ortiz has been involved in South American mining operations for over 35 years. Carlos Ortiz will assist the Company with planning, project development, financial administration and executive management of mining operations in Peru. Mr. Ortiz has a Masters Degree in Business Administration, with honors, and a Mining Engineering Degree from University of Ingenieria. He has gained working experience with South American mining companies, most notably Mauricio Hochschild & Cía, Compañía Minera Ares, and Compañía Minera Arcata.  Mr. Ortiz lives in Lima, Peru.

ITEM 9.01FINANCIAL STATEMENTS AND EXHIBITS.

(a)Financial Statements of Business Acquired.

Not Applicable

(b)Pro Forma Financial Information

Not Applicable

(c)Exhibits.

10.1 Summary of Report on Llippa concessions, prepared by MRC1Explorations E.I.R.L., April 2004.

10.2 Public Record of Transfer of El Varon concession to Nilam Resources Peru, S.A.C.

10.3 Public Record of Transfer of Llippa concessions to Nilam Resources Peru, S.A.C.

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this current report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

Date: December 21, 2007 Nilam Resources Inc.   /s/ Vare Grewal                              Mr. Vare Grewal, Director Secretary, Treasurer

EX-10.1

EXHIBIT 10.1

DEPOSIT MODEL

LLIPA PROYECT

Ancash Department- Peru

MRC1 Exploraciones E.I.R.L.

Geologic Atmosphere. - The existing mineral formation in Llipa prospectus supposes a supergene atmosphere. Hidrothermal activity gave origin to primary in depth deposits generating surface processes like: leaching, oxidation and re deposit that generate a mineralogical oxide association: hematite, malachite favored by geological agents.

Type of deposit. -. This type of deposit belongs to polymetallic vein system of Cu, Pb, Zn and Au-Ag like in by-product. The deposit belongs to polymetallic mineral structures.

Favorable inserted rocks. - The polymetallic veins are associated to volcanic rocks of the Calipuy Group.

Mineralization control. - The structures are controlled by faults, fractures and jointments systems, product of the Andean tectonic activity.

Mineralogy.- The present minerals are: galena, sphalerite, chalcopyrite, bornita and pyrite; and malachite and limonite in the oxidized zone.

Predominant alteration. - Silicification appears towards rocks boxes structures (veins), also argilization towards andesítics rocks.

Laws. - On the geologic sampling appears: mine entrance (5,30 % Cu, 1,098 g Au/TM),  breccias veins with galena and sphfalerite (17,96% Pb and 5,70% Zn); left and collapsed mine entrance (14,08 % Cu, and 2,06 g Au/TM). Values of up to 9 Oz Ag/TM exists.

PHOTO. - Sulphide structure found; it has reported 17,96% Pb and 5,70%  of Zn (sample LL - 03).

EXECUTIVE SUMMARY

LLIPA PROJECT

Department Ancash - PERU

MRC1 Exploraciones E.I.R.L.

MRC1 Exploraciones E.I.R.L. visited the Llipa Project on April 2004. The zone has been little explored according to reports of the area settlers, for that reason the corresponding work of inspection of field and complementary sampling was made. Geology exposes volcanic rocks of the Calipuy Group composed by andesitics lava, tuffs; breaches structures. The mineralization belongs to a polymetallic mesothermal deposit: bornite, chalcopyrite, galena (Cu, Pb) like main minerals and Au-Ag like by-product.

Location. - Llipa prospectus is located in the center of Peru, in Llipa district, Ocros province, Ancash department; 380 km of Lima city. It is constituted by two mining concessions: The Prospera mine of 133,86 has of surface and La Prospera XXI of 1000 has, effective to the date according to the General Law of Mining before the National Institute of Mining Concessions of Peru. The area is located in the Carta Nacional de Tantará (21-i) on scale 1:100000, datum PSAD56, zone 18.

Geology. - The geology of the area where the mining workings of Llipa mine are located is formed by volcanic rocks of the Calipuy Group (andesíticas lava).

Alteration. - The alteration related to this type of structure appears limited in the structure, declaring argilization (breaches) and silicification (to both sides of the main structures).

Mineralización. - Sample LL-01 has laws of 5,30 % Cu, 1,098 g Au/TM. Sample LL - 03 is a breccias vein with galena and sphalerita with high law of 17,96% Pb and 5,70% Zn; most of the samples have been taken on mineralized structures in the Llipa mine sector. Sample LL-04 was taken from a left and collapsed mine entrance, that the Millotingo company made with a the purpose of looking for new reserves, where obtains laws of 14,08 % Cu, and 2,06 g Au/TM. The Ag values, in some samples of up to 9 ounces (Sample LL-01 and LL-03 respectively).

Conclusions. –

1.   The type of mineralization found in the area of the Llipa mine and surroundings are bodies and systems of vein forms structures associated to intense fracture zones and fort jointments, where it is deduced that the mineralization belongs to a secondary enrichment.

REPORT

PRELIMINARY GEOLOGIC RECOGNITION OF

LLIPA PROJECT

- LLIPA MINE –

ANCASH -PERU

INDEX

s ANTECEDENTS

s LOCATION AND ACCESS

s MINING PROPERTIES

s RESOURCES

o      WATER

o      ELECTRIFICATION

o      MANUAL LABOR

o      COMBUSTIBLE (FUEL)

o      MERCHANDISES

s GENERAL GEOLOGY

s MINING ACTIVITY

s ALTERATION

s MINERALIZATION

s POSSIBILITIES

s CONCLUSIONS AND RECOMMENDATIONS

s MAPS

s ANTECEDENTS

By order of Mr. Moisés Rosales Castillo, the subscribed one, made the evaluation and inspection of Llipa mine zone, an old mine left more than 20 years ago besides to the exploration of the surroundings when demonstrating according to previous reports vein structures with important laws of: Zn, Pb, Cu; as well as a structural relation associated of district character with the mineralization.

The zone has been little explored according to the settlers of the area reports, besides of being the zone covered by quaternary cover, reviewing mainly the outcrops in hills crests and the old workings in the area. By such reason, the subscribed one compiled the information necessary and made the corresponding work of field inspection and complementary area sampling on the recommended zones, in a term of 14 days, between 03 to 16 of April of 2004.

The visit to the Llipa Mine consisted of three stages, tailing sampling, location of camping points with mine entrances and geologic exploration locations.

s LOCATION AND ACCESS

Llipa mine, is located in the jurisdiction of the Llipa district, in the Ocros province, Ancash department, approx. to 380 km of Lima city, to the Northeast of Pativilca. It is located within following coordinates UTM.

E         254,000 E         257,000 N         8’853,000 N         8’855,000

The average height varies between 3.600 to 4.200 m.a.s.l. They are accessible from Lima city according to the following Itinerary.

ACCESSIBILITY PICTURE

WAY	KM	WAY´S STATE
Lima – Cruce de Huaraz	207	Asphalt in good condition
Cruce de Huaraz – Conococha	120	Asphalt in good condition
Conococha – Ticllos	24	Asphalt in regular-good condition
Ticllos – Corpanqui	10	Asphalt in regular-good condition
Corpanqui – Cajamarquilla	19	Asphalt in regular-good condition
Cajamarquilla – Mina Llipa	9	Asphalt in regular-good condition
TOTAL	379

Another Alternate Route

WAY	KM	WAY´S STATE
Lima – Cruce de Huaraz	207	Asphalt in good condition
Cruce de Huaraz – Conococha	120	Asphalt in good condition
Conococha – Cruce de Ocros	45	Asphalt in good condition
Cruce de Ocros – Mina Llipa	23	Asphalt in good condition
TOTAL	395

According to the Carta Nacional del IGN, the area is located in Chiquián eaf (21-f) on scale 1/100,000.

s MINING PROPERTIES

MINIGN RIGHT	TITULAR	HECTARE	DEPARTMENT
La Mina Prospera	Elmer Moisés Rosales Castillo	133.86	Ancash
La Prospera XXI	Elmer Moisés Rosales Castillo	1000.0	Ancash
TOTAL		1133.86

s RESOURCES

v   Water:

For metallurgical mining operations and human consumption we could take advantage of the attraction that  Millotingo Company had, that is, to canalize waters of the Quebrada Orcorán and by pipe it would take to the campings together to  the metallurgical plant, to a distance of 800 meters. This water would be recommendable since the main source is a puquial called Cachir, in Llipa heights.

v   Electrification:

For the mining hydroelectric operations we could take advantage of Quebrda Shinbacocha waters and put an electrification generator and do a small hydroelectric power station. Considering that the Llipa district has a generator that is used in small proportion, another alternative could be to use this plant, but increasing the capacity of the generators.

v   Manual labor:

Semi qualified could be recruited on a first stage of the district of LLipa district, Rajan and Cajamarquilla. On the other hand the qualified manual labor could be recruited of Huaraz or otherwise in Lima city.

v   Fuel:

Petroleum, gasoline and others can be obtained in Ocros, Huaraz provinces and of Lima city.

v   Merchandises:

Merchandises and other products can be obtained in Lima city.

s GENERAL GEOLOGY

Corresponds mainly to volcanic rocks of Grupo Calipuy of the cenozoic age. Andesitic lava was identified that predominate in the zone and arise in hills in cliffs form. The breaches mineralized with oxides of Cu and Fe are those that are pronounced in this zone. The breaches in some cases appear argilized and with oxides like: limonites and jarosite. Also tourmaline (Shorlo) crystallized has been recognized.

The mineralogy alloy includes: bornite, chalcopyrite, chrisocola, tourmaline, limonites, jarosite and crystallized quartz. The mineralization of Llipa mine has appeared mainly in mineral bodies  (main body of operated minerals), that are controlled by intense cracks and faults. Ther are also veins containing galena of high law of Pb (Sample LL-03) in the environs.

s MINING ACTIVITY

Millotingo company worked on the zone, its operation were underground with a mineralized body of 120 x 45 x 70 ms, until 1986 were operated. Cause of social reasons, this mine was paralyzed.

Looking for reserves, Millotingo company made geologic exploration works, cutting granitic rocks obtaining oxides of Cu like crisocola and malachite, the mineralization is of secondary enrichment being considered that in depth they are the primary Cu sulfides having as bases the mineralization of Cu oxides. Sample (LL-04).

s ALTERATION

The alteration related to this type of structure that appears limited, few centimeters from the structure, declaring presence of argilization in the breaches and low silicification in tuffs, to both sides of the main structures, the receiving rocks or boxes are andesites of the Calipuy volcanics.

Most of the reviewed outcrops are fresh rock and some Intemperizada, since in this type of deposits always the alteration is restricted

s MINERALIZATION

The geochemistry analyses of the exploration samples indicate the following:

 

The shown table above indicates the obtained values of the analyses of type ICP in laboratories SGS of Peru. A direct relation of the values of Cu, Pb, Zn, and Au exists, since its relation in this type of deposits is common.

▪    Sample LL - 01 is a sample that was taken in the surface of the mine entrance near level 1070, this was prepared by the Millotingo Company with the purpose of making an Open pit, where it is possible to be observed the predominance of malachite , crisocola and Cu sulfides like bornita and chalcopyrite. Giving a law of 5,30 % Cu, 1,098 g Au/TM like by-product.

▪        Sample LL - 03 is a breached vein galena and sphalerite with high law of 17,96% Pb and 5,70% Zn; most of the samples have been taken on mineralized structures in the sector of Llipa mine. This vein has an azimuth of N 145 ° and a dip of 34°.

▪        Sample LL-04 was taken from a left and collapsed mine entrance, that the Millotingo company made with a the purpose of looking for new reserves, where laws of 14,08 % Cu, and 2,06 g Au/TM are obtained.

▪ The values of Ag, are in some samples of up to 9 ounces (Sample LL-01 and LL-03 respectively).

▪    By all this favorable laws in the first sampling of recognition on the structures of the sampling of exploration of the Llipa mine were obtained.

s POSSIBILITIES

Considering the geologic characteristics of Llipa prospect, these present possibilities solely limited the structures. This type of deposit is of a mesothermal polymetallic body system with contents of Cu, Zn, Pb like main minerals and Au-Ag like by-product; the obtained laws are a good indicative to plan a systematic sampling with the purpose of knowing the true magnitude of the deposit, the main structure continuity, secondary structures, laws and on its basis make reserves estimation.

CONCLUSIONS AND RECOMMENDATIONS

1.   The mineralization type found in the area of Llipa mine and surrounding areas are bodies and systems like veins structures associated to intense zones of breakings and strong jointments, where it is deduced that the mineralization belongs to a secondary enrichment, in the surface the zone of oxides of Cu and Fe can be observed.

2.   The topographic levels of the Llipa mine are between the 3.600 to 4.200 m.a.s.l. it is recommended to continue exploring by the surrounding areas since the obtained samples indicate us mineralization of Cu, Pb, Zn and Au-Ag like by-product.

3.   It is known by references of the settlers that Millotingo company did not manage to operate all the mineralization since the mine was paralyzed by social problems. It is recommended to obtain more information  of the same company, to be able to continue with the respective works.

4.   It is recommended to make a geologic map of all the structures such as: systems of faults and diaclasas, with the purpose of knowing the structural and mineralogy control the zone.

5.   It is recommended to make a systematic sampling inside the old workings as well as new geologic map with the objective to consider better the economic potential of the bodies and mineralized structures.

6.   To make a complementary exploratory sampling in the area of the main outcrops with mineralization to project the dimensions of the mineralized structures and to follow them within the property.

7.   For the geologic map it is recommended to make it on scale 1: 500, as much in inner mine as in surface.

8.   The final laws obtained by laboratory SGS of Peru, justify to make greater works in the Llipa area, with the objective to find new structures and the possibility of finding bodies mineralized in depth.

EX-10.2

EXHIBIT 10.2

Señor notario   Sírvase usted extender en su registro de escrituras públicas una en la que conste la anotación preventiva del derecho minero que otorga el señor José Santos Rodríguez Pizan, con RUC 10269285627 y DNI Nº, 26928562, con domicilio en Malecón Cisneros número 810, distrito de Miraflores, Lima, en lo sucesivo denominado "el transferente", a favor de Nilam Resources Perú S.A.C.., identificada con RUC número 20517612945, debidamente representada por su gerente general Sr. Carlos Andrés Mendoza Salazar, peruano, con DNI número 06755665, indicando domicilio en Av. Malecón Cisneros número 810 Miraflores, lima, tal como aparecen de los poderes inscritos en la ficha número 12085101 del registro de personas jurídicas de la Sunarp, en los sucesivo denominado "la adquiriente" en los términos y condiciones siguientes:   Primero: De la Propiedad Minera:   El transferente es peticionario de la concesión denominada:   Nombre: El Varón Código: 010551107 Hectárea: 300   Ubicadas en el distrito de San Mateo, provincia de Huarochirí, departamento Lima.   En lo sucesivo denominada "propiedad minera”. La propiedad minera fue formulada al amparo del sistema de cuadriculas previsto en el decreto legislativo número 708. En consecuencia, el área de las propiedades mineras sólo comprenden el área libre disponible de acuerdo con su respectivo titulo de concesión minera, sin incluir el área de otros denuncios, concesiones o petitorios mineros ubicados dentro de su perímetro, o superpuestos a ella, ni de aquellos a los que las propiedades mineras se pudiera superponer, ni de aquellos formulados al amparo de legislaciones anteriores al decreto legislativo número 708 cuyos vértices adquieran o hubieran adquirido coordenadas UTM definitivas, de conformidad con lo previsto en el artículo 11 de la ley número 26615, en cuyo caso deberán ser respetados obligatoriamente por las propiedades mineras.   Segundo: Objeto del Contrato y Valor de la Transferencia:   En virtud del presente instrumento y con arreglo a los artículos 163 y 164 del texto único ordenado de la ley general de minería aprobado por decreto supremo 014-92-em, los transferentes transfieren a la adquiriente la totalidad de la propiedad minera.   El valor de transferencia de la propiedad minera es la suma de mil (un mil y 00/100) dólares americanos, suma que será pagada por la adquiriente al contado y en su totalidad al transferente a la firma de la minuta, sin más comprobante y conformidad que la suscripción de la misma.   La adquiriente declara conocer el estado del procedimiento del petitorio, así como del pago del derecho de vigencia y demás obligaciones y derechos aplicables a las propiedades mineras, declarando su total conformidad.   Tercero: Gastos:   Son de cargo de la adquiriente los gastos notarial y registral necesarios para elevar este contrato de anotación preventiva a escritura pública e inscribirlo en el registro público de minería.   Agregue usted señor notario la introducción y conclusión de ley y curse el parte al registro público de minería para su inscripción.   Lima, 28 de noviembre del 2007.   José Santos Rodríguez Pizan DNI número 26928562   Carlos Andrés Mendoza Salazar DNI número 06755665 Nilam Resources Perú S.A.C. RUC: 20517612945 Notary,   Please record in your public deed registry, one in which the preventive note of mining right that is granted by Jose Santos Rodriguez Pizan, with Contributor Number 10269285627 and identification number 26928562, addressed in 810 Malecón Cisneros street, Miraflores, Lima, hereinafter referred as "Assigner" in favor of Nilam Resources Perú S.A.C., identified with Contributor Number 20517612945, duly represented by its General Manager Carlos Andres Mendoza Salazar, Peruvian nationality, with identification number 06755665, addressed in Malecón Cisneros Number 810 Miraflores, Lima, as shown in the empowerment registered in the Entry 12085101 of Legal Entities of the Sunarp (Public Registry), referred as "Assignee" in the following terms and conditions:   First: Mine Property:   The Assigner is petitioner of the concession denominated:   Name; El Varón Code: 010551107 Hectare: 300   Located in the San Mateo district, Huarochiri province, Lima department.   From now on defined as "Mining Property". The Mining Property was formulated under a grids system, anticipated in the Decree number 708. Thefore, the area of the mining property only includes the free available area according with their respective mining concession title, without including the area of other denouncements, concessions or petitioner miners located within their perimeter, or superposed, nor of those to which the mining properties could be superposed, nor of those formulated under  previous legislations to the legislative Decree Number 708 whose vertex would or have acquire definite UTM coordinates in accordance with article 11 of law Number 26615, in which case they must be respected by mining properties.     Second: Terms of the Agreement and Value of the Transfer:   Through this means and in accordance with articles 163 and 164 of the General Mining Law approved by Supreme Decree 014-92-EM, the Assigner transfer to the Assignee the whole Mining Property Right.   The transference value of the Mining Property is One Thousands and 00/100 American dollars, amount that will be paid in cash and to the Assigner at the signature of the minute, without proof and conformity than the subscription of the same.   The Assignee declares to know the state of the procedure of the petitionary, also the payment for the validity right and other obligations and applicable rights to the mining properties, declaring their total conformity.   Third: Expenses:   The Assignee will assume the expenses related to the notary´s service and public registry procedures, necessary to elevate this contract as preventive note for the public deed and to register it in the Public Mining Registry.   Please adds, notary, the introduction and conclusion of law and curse the part to the mining public registry for its inscription.   Lima, November 28th,  2007.   José Santos Rodríguez Pizan Identity Number 26928562   Carlos Andrés Mendoza Salazar Identity card Number 06755665 Nilam Resources Perú S.A.C. Contributors Number: 20517612945

EX-10.3

EXHIBIT 10.3

SEÑOR NOTARIO:

SÍRVASE USTED EXTENDER EN SU REGISTRO DE ESCRITURAS PÚBLICAS UNA EN LA QUE CONSTE EL CONTRATO DE TRANSFERENCIA DE DERECHOS MINEROS QUE OTORGA SOCIEDAD MINERA DE RESPONSABILIDAD LIMITADA ÉXITO XXIII, CON RUC 20513347520 CON DOMICILIO EN CALLE CASIMIRO ESPEJO NRO. 150 URB. SAN ISIDRO, DISTRITO DE SAN ISIDRO, DEBIDAMENTE REPRESENTADA POR SU GERENTE GENERAL SR. ELMER MOISÉS ROSALES CASTILLO, IDENTIFICADO CON DNI Nº 19419605 SEGÚN PODER QUE OBRA REGISTRADO EN LA PARTIDA Nº 11053869 DEL LIBRO DE SOCIEDADES LEGALES DE ZONA REGISTRAL Nº V SEDE TRUJILLO SUCESIVO DENOMINADO "LOS TRANSFERENTES", A FAVOR DE NILAM RESOURCES PERÚ SAC. CON RUC Nº 20517612945, DEBIDAMENTE REPRESENTADA POR SU GERENTE GENERAL SR. CARLOS ANDRES MENDOZA SALAZAR, PERUANO, CON DNI Nº 06755665, INDICANDO DOMICILIO EN AV. MALECÓN CISNEROS Nº 810 MIRAFLORES, LIMA, TAL COMO APARECEN DE LOS PODERES INSCRITOS EN LA FICHA Nº 12085101 DEL REGISTRO DE PERSONAS JURÍDICAS DE LA SUNARP, EN LOS SUCESIVO DENOMINADO "LA ADQUIRIENTE" EN LOS TÉRMINOS Y CONDICIONES SIGUIENTES:

PRIMERO: DE LA PROPIEDAD MINERA:

LOS TRANSFERENTES SON TITULARES DE LAS CONCESIONES DENOMINADAS:

NOMBRE----------------------------CODIGO----------------------HECTAREA------------------PARTIDA

LA PROSPERA XXI--------------010090904-------------------------1.000----------------------11702916

UBICADAS EN EL DISTRITO DE OCROS, PROVINCIA DE OCROS, DEPARTAMENTO ANCASH.

LA MINA PROSPERA--------------010394406------------------133.8649--------------------11616100

UBICADAS EN EL DISTRITO DE LUPA, PROVINCIA DE OCROS, DEPARTAMENTO ANCASH.

TOTAL: 1133.8649 HAS.

EN LO SUCESIVO DENOMINADAS "PROPIEDADES MINERAS".

LAS PROPIEDADES MINERAS FUERON FORMULADAS AL AMPARO DEL SISTEMA DE CUADRÍCULAS PREVISTO EN EL DECRETO LEGISLATJVO NO. 708. EN CONSECUENCIA, EL ÁREA DE LAS PROPIEDADES MINERAS SÓLO COMPRENDEN EL ÁREA LIBRE DISPONIBLE DE ACUERDO CON SU RESPECTIVO TÍTULO DE CONCESIÓN MINERA, SIN INCLUIR EL ÁREA DE OTROS DENUNCIOS, CONCESIONES O PETITORIOS MINEROS UBICADOS DENTRO DE SU PERÍMETRO, O SUPERPUESTOS A ELLA, NI DE AQUELLOS A LOS QUE LAS PROPIEDADES MINERAS SE PUDIERA SUPERPONER, NI DE AQUELLOS FORMULADOS AL AMPARO DE LEGISLACIONES ANTERIORES AL DECRETO LEGISLATIVO NO.708 CUYOS VÉRTICES ADQUIERAN O HUBIERAN ADQUIRIDO COORDENADAS UTM DEFINITIVAS, DE CONFORMIDAD CON LO PREVISTO EN EL ARTÍCULO 11 DE LA LEY NO.26615, EN CUYO CASO DEBERÁN SER RESPETADOS OBLIGATORIAMENTE POR LAS PROPIEDADES MINERAS.

SEGUNDO: OBJETO DEL CONTRATO Y VALOR DE LA TRANSFERENCIA:

EN VIRTUD DEL PRESENTE INSTRUMENTO Y CON ARREGLO A LOS ARTÍCULOS 163 Y 164 DEL TEXTO ÚNICO ORDENADO DE LA LEY GENERAL DE MINERÍA, APROBADO POR DECRETO SUPREMO 014-92-EM, LOS TRANSFERENTES TRANSFIEREN A LA ADQUIRIENTE LA TOTALIDAD DE LAS PROPIEDADES MINERAS.

EL VALOR DE TRANSFERENCIA DE CADA UNA DE LAS DOS PROPIEDADES MINERAS SON: LA PROSPERA XXI POR LA SUMA DE OCHENTA Y OCHO MIL CIENTO NOVENTA Y 00/100 DÓLARES AMERICANOS (US $ 88,190.00) Y LA MINA PROSPERA POR LA SUMA DE ONCE MIL OCHOCIENTOS DIEZ Y 00/100 DÓLARES AMERICANOS (US $ 11,810.00), LO QUE TOTALIZA UN CIEN MIL Y 00/100 DÓLARES AMERICANOS (US $ 100,000.00) SUMA QUE SERÁ PAGADA A LOS TRANSFERENTES, EN LA SIGUIENTE FORMA: CINCUENTA MIL Y 00/100 DOLARES AMERICANOS (US $ 50,000.00) A LA FIRMA DE LA MINUTA DE SIN MÁS COMPROBANTE Y CONFORMIDAD QUE LA SUSCRIPCIÓN DE ESTE CONTRATO Y EL SALDO DE CINCUENTA MIL Y 00/100 DOLARES AMERICANOS (US $ 50,000.00) A LA FIRMA DE LA ESCRITURA PÚBLICA A TRAVES DE UN CHEQUE DE GERENCIA DE UN BANCO DE PLAZA DE LIMA, QUE USTED SEÑOR NOTARIO SE SERVIRÁ INSERTAR.

LA ADQUIRIENTE DECLARA CONOCER EL ESTADO DEL PROCEDIMIENTO Y EL CONTENIDO DEL TÍTULO Y DE LA PARTIDA REGISTRAL DE LAS PROPIEDADES MINERAS, ASÍ COMO DEL PAGO DEL DERECHO DE VIGENCIA Y DEMÁS OBLIGACIONES Y DERECHOS APLICABLES A LAS PROPIEDADES MINERAS, DECLARANDO SU TOTAL CONFORMIDAD.

TERCERO: GASTOS:

SON DE CARGO DE LA ADQUIRIENTE LOS GASTOS NOTARIAL Y REGISTRAL NECESARIOS PARA ELEVAR ESTE CONTRATO A ESCRITURA PÚBLICA E INSCRIBIRLO EN EL REGISTRO PÚBLICO DE MINERÍA.

CUARTO: PAGO DE REGALIAS:

LAS PARTES ACUERDAN QUE LA ADQUIRIENTE REALIZARÁ UN PAGO POR DERECHO DE REGALÍAS A LA TRANSFERENTE EQUIVALENTE Al 1.5 % DEL VALOR DE VENTA DEL MINERAL NETO QUE SE OBTENGA DE LA EXPLOTACION. EL 1.5 % DE LA REGALÍA SE APLICARÁ SOBRE EL VALOR NETO TOTAL DE LA VENTA, NO SIENDO CARGO DEL TRANSFERENTE LOS GASTOS DE EXPLORACIÓN Y/O EXPLOTACIÓN Y/O CONCENTRACIÓN U OTROS. LOS FLETES SON DE CUENTA DE LA ADQUIRIENTE y NO ESTÁN CONSIDERADOS DENTRO DE LAS DEDUCCIONES AL PAGO DEL 1.5% DE LA REGALÍA. LOS PAGOS POR REGALÍA SE ABONARAN MENSUALMENTE DENTRO DE LOS VEINTE (20) DÍAS SIGUIENTES A LA VENTA REALIZADA DE LOS CONCENTRADOS U OTROS PRODUCTOS INTERMEDIOS A LA COMERCIALIZACIÓN, ACOMPAÑANDO COPIA DE LA LIQUIDACIÓN DEFINITIVA RECIBIDA POR LA ADQUIRIENTE, LA QUE SE DETERMINA POR EL MERCADO DE METALES DE LONDRES. LAS LIQUIDACIONES QUE SEAN OBJETADAS DENTRO DE LOS VEINTE (20) DÍAS SIGUIENTES DE CADA MES SE CONSIDERARAN ACEPTADAS Y CONFORMES. SE DEJA ESTABLECIDO QUE ESTAS REGALÍAS SE COMENZARAN A ABONAR DESDE El MOMENTO EN QUE SE INICIE LA VENTA DE CONCENTRADOS DE MINERALES PROCEDENTES DE LAS CONCESIONES MATERIA DE ESTE CONTRATO, DE ACUERDO A LAS CONDICIONES QUE SE MENCIONAN EN EL PARRAFO ANTERIOR.

AGREGUE USTED SEÑOR NOTARIO LA INTRODUCCIÓN Y CONCLUSIÓN DE LEY Y CURSE EL PARTE AL REGISTRO PÚBLICO DE MINERÍA PARA SU INSCRIPCIÓN.

LIMA, 28 DE NOVIEMBRE DEL 2007.

ELMER MOISÉS ROSALES CASTILLO

DNI Nº 19419605

SOCIEDAD MINERA DE RESPONSABILIDAD LIMITADA ÉXITO XXIII

CARLOS ANDRES MENDOZA SALAZAR

DNI N° 06755665

NlLAM RESOURCES PERÚ S.A.C.

MR. NOTARY:

PLEASE EXTEND IN YOUR REGISTRY OF PUBLIC DEED, ONE WHICH INCLUDES THE MINING RIGHTS TRANSFERENCE CONTRACT THAT SOCIEDAD MINERA DE RESPONSABILIDAD LIMITADA EXITO XXIII GRANT, WITH CONTRIBUTOR NUMBER  20513347520, ADDRESSED IN 150 CASIMIRO MIRROR STREET, SAN ISIDRO, SAN ISIDRO DISTRICT, PROPERLY REPRESENTED BY ITS GENERAL MANAGER MR. ELMER MOISÉS ROSALES CASTILLO, IDENTIFIED WITH DNI Nº 19419605 ACCORDING TO POWER REGISTERED IN CERTIFICATE Nº 11053869 OF LEGAL SOCIETIES BOOK OF REGISTRY ZONE Nº V,  LOCATED IN TRUJILLO, IN THE SUCCESSIVE DENOMINATED "THE ASSIGNER", IN FAVOR OF NILAM RESOURCES PERU SAC. WITH RUC Nº 20517612945, PROPERLY REPRESENTED BY ITS GENERAL MANAGER MR. CARLOS ANDRES MENDOZA SALAZAR, PERUVIAN, WITH DNI Nº 06755665, INDICATING ADDRESS IN 810 MALECON CISNEROS STREET, MIRAFLORES, LIMA, AS THEY APPEAR ON THE REGISTERED POWERS, CARD Nº 12085101 OF THE REGISTRY OF LEGAL PEOPLE OF SUNARP, IN THE SUCCESSIVE DENOMINATED "THE ASSIGNEE" IN THE FOLLOWING TERMS AND CONDITIONS:

FIRST: MINING PROPERTY:

THE ASSIGNER IS TITULAR OF THE CONCESSIONS DENOMINATED:

NAME ----------------------------------------CODE-------------------HECTARE------------CERTIFICATE

LA PROSPERA XXI-------------------010090904--------------------1.000---------------------11702916

LOCATED IN THE DISTRICT OF OCROS, OCROS PROVINCE, ANCASH DEPARTMENT.

LA MINA PROSPERA----------------010394406------------------133.8649------------------11616100

LOCATED IN LUPA DISTRICT, OCROS PROVINCE, ANCASH DEPARTMENT

TOTAL: 1133.8649 HAS.

FROM NOW ON DEFINED AS "MINING PROPERTIES".

THE MINING PROPERTY WAS FORMULATED UNDER A GRIDS SYSTEM, ANTICIPATED IN THE DECREE NUMBER 708. THEFORE, THE AREA OF THE MINING PROPERTY ONLY INCLUDES THE FREE AVAILABLE AREA ACCORDING WITH THEIR RESPECTIVE MINING CONCESSION TITLE, WITHOUT INCLUDING THE AREA OF OTHER DENOUNCEMENTS, CONCESSIONS OR PETITIONER MINERS LOCATED WITHIN THEIR PERIMETER, OR SUPERPOSED, NOR OF THOSE TO WHICH THE MINING PROPERTIES COULD BE SUPERPOSED, NOR OF THOSE FORMULATED UNDER  PREVIOUS LEGISLATIONS TO THE LEGISLATIVE DECREE NUMBER 708 WHOSE VERTEX WOULD OR HAVE ACQUIRE DEFINITE UTM COORDINATES IN ACCORDANCE WITH ARTICLE 11 OF LAW NUMBER 26615, IN WHICH CASE THEY MUST BE RESPECTED BY MINING PROPERTIES.

SECOND: TERMS OF THE AGREEMENT AND VALUE OF THE TRANSFER:

THROUGH THIS MEANS AND IN ACCORDANCE WITH ARTICLES 163 AND 164 OF THE GENERAL MINING LAW APPROVED BY SUPREME DECREE 014-92-EM, THE ASSIGNER TRANSFER TO THE ASSIGNEE THE WHOLE MINING PROPERTY RIGHT.

THE TRANSFERENCE VALUE OF THE TWO MINING PROPERTIES ARE: FOR LA PROSPERA XXI EIGHTY EIGHT THOUSANDS ONE HUNDRED NINETY AND 00/100 AMERICAN DOLLARS (US $ 88,190.00) AND FOR PROSPERA MINE ELEVEN THOUSAND EIGHT HUNDRED TEN AND 00/100 AMERICAN DOLLARS (US $ 11,810.00), TOTALIZING ONE HUNDRED THOUSAND AND 00/100 AMERICAN DOLLARS (US $ 100,000.00), AMOUNT THAT WILL BE PAID TO THE ASSIGNER IN TH FOLLOWING WAY: FIFTY THOUSAND AND 00/100 AMERICAN DOLLARS (US $ 50,000.00) AT THE SIGNATURE OF THE MINUTE, WITHOUT PROOF AND CONFORMITY THAN THE SUBSCRIPTION OF THIS CONTRACT AND FIFTY THOUSAND AND 00/100 AMERICAN DOLLARS (US $ 50,000.00) REMINDER AT THE SIGNATURE OF THE PUBLIC DEED THROUGH A CASHIER´S CHECK FROM A LIMA BANK, THAT THE NOTARY INSERT.

THE ASSIGNEE DECLARES TO KNOW THE PROCEDURE´S STATE AND REGISTRY CERTIFICATE OF THE MINING PROPERTIES, AS WELL AS THE PAYMENT FOR THE VALIDITY RIGHT AND OTHER OBLIGATIONS AND APPLICABLE RIGHTS TO THE MINING PROPERTIES, DECLARING THEIR TOTAL CONFORMITY.

THIRD: EXPENSES:

THE ASSIGNEE WILL ASSUME THE EXPENSES RELATED TO THE NOTARY´S SERVICE AND PUBLIC REGISTRY PROCEDURES, NECESSARY TO ELEVATE THIS CONTRACT FOR PUBLIC DEED AND TO REGISTER IT IN THE PUBLIC MINING REGISTRY.

FOURTH: ROYALTY PAYMENT:

THE PARTS DECIDE THAT THE ASSIGNEE WILL MAKE A PAYMENT FOR THE ROYALTY RIGHTS TO THE ASSIGNER EQUIVALENT TO 1,5 % OF THE NET MINERAL SALES VALUE THAT IS OBTAINED FROM EXPLOITATION. THE 1,5 % FROM THE ROYALTIES WILL BE APPLIED ON THE SALE´S TOTAL NET VALUE,  NOT BEING ASSIGNER´S POSITION THE EXPLORATION AND/OR EXPLOITATION (OPERATION) AND/OR CONCENTRATION OR OTHERS EXPENSES. FREIGHT ARE PAID BY THE ASSIGNEE AND ARE NOT CONSIDERED WITHIN THE 1.5% DEDUCTIONS PAYMENT OF THE ROYALTY. THE ROYALTY PAYMENTS WILL BE DONE BETWEEN THE TWENTY (20) FOLLOWING DAYS OF THE CONCENTRATES OR ANY OTHER INTERMEDIATE PRODUCT TO THE COMMERCIALIZATION SALES, TOGETHER WITH THE COPY OF THE DEFINITIVE LIQUIDATION RECEIVED BY THE ASSIGNEE, WHICH IS DETERMINED BY THE METAL MARKET OF LONDON. THE LIQUIDATIONS THAT ARE OBJECTED WITHIN THE TWENTY (20) FOLLOWING DAYS OF EVERY MONTH, WILL BE CONSIDERED ACCEPTED AND IN AGREEMENT. IT IS ESTABLISHED THAT THE PAYMENT OF THESE ROYALTIES WILL BEGUIN SINCE THE MOMENT THE MINERAL CONCENTRATES COMING FROM THE CONCESSIONS MATTER OF THIS CONTRACT BEGINS, ACCORDING TO THE CONDITIONS THAT ARE MENTIONED IN THE PREVIOUS PARAGRAPH.

PLEASE ADDS, NOTARY, THE INTRODUCTION AND CONCLUSION OF LAW AND CURSE THE PART TO THE MINING PUBLIC REGISTRY FOR ITS INSCRIPTION.

LIMA, NOVEMBER 28TH, 2007.

ELMER MOISÉS ROSALES CASTILLO

IDENTITY CARD NO. 19419605

SOCIEDAD MINERA DE RESPONSABILIDAD LIMITADA EXITO XXIII

CARLOS ANDRES MENDOZA SALAZAR

IDENTITY CARD NO. 06755665

NLLAM RESOURCES PERU SAC