Bonaparte propertyFrom NAG's financials from SEDAR May 2, 2005:
b. Bonaparte Property
On August 12, 2003 the Company signed an option agreement entitling the Company to acquire
a 70% interest (subject to a 2% NSR) in two mineral claims located in the Kamloops Mining
Division of British Columbia. On December 3, 2004, the vendor agreed to accept the Company’s
termination of the agreement and willingness to permit the Company to negotiate a new
agreement with the original vendor. Accordingly, all costs related to the August 12, 2003 option
agreement have been written-off to operations. As at December 31, 2004, and the audit report
date, a new formal agreement had not been signed as both parties were still negotiating its
terms.
Subsequent to the termination of the above agreement, the Company acquired by staking an
additional nine mineral claims located adjacent to the original mineral claims described above.