The previous owners optioned the Jack Creek property to Stanley B. Keith and Earl W. Abbott in terms of which they may acquire a 50% interest in the Jack Creek property with a further option to increase that interest to a 70% interest in the property. 

In order to maintain the option in good standing and earn a 50% interest in the Claims, the Optionees must incur aggregate expenditures of USD$500,000 before March 1, 2009. Once the Optionees have earned a 50% interest, Victoria can either participate as a 50% joint venture partner or allow the Optionees to earn an additional 20% interest in the Claims by spending an additional USD$500,000 before March 1, 2011. If the Optionees earn the additional 20% interest, Victoria can elect to either participate as a 30% joint venture partner or convert the 30% interest to a 10% Net Profits interest.