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However, due to theunexpected length of time involved in the pre-operating period, and insolidarity with Queenstake USA, the Company has agreed to accept an 8%administrative fee on operational costs for the time being and defer thebalance of the 20% fee until the mill commences full processingoperations.Golden Eagle’s COO, Blane Wilson, has 24 years of experience managingmilling and processing operations . He was Corporate Operations Manager forthe Jerritt Canyon gold mine and mill prior to becoming the Company’s COOin April of 2008 Mr pistons playoff tickets . Wilson worked in the Jerritt Canyon operation for 19years in various positions, including: Mill Foreman, ProcessSuperintendent and Process Manager detroitpistons . Since 1981, the Jerritt Canyon millhas processed more than 8 million troy ounces of gold At the JerrittCanyon mine and mill, Mr . Wilson oversaw a $33 million annual budget andmanaged a workforce of 154 personnel.Under the Agreement, if and when Queenstake USA meets the conditionsprecedent and the Jerritt Canyon mill comes into full operation (as towhich there can be no assurance), Golden Eagle will be the mill operatorfor a term of 5 years, which is renewable at the option of Queenstake USAfor an additional 5-year term. The Company will be entitled to a fee of 8%of all operator costs, as well as a percentage fee or profit share of 20%of the net profits from operations Detroit Pistons tickets . Furthermore, under the AgreementGolden Eagle is also to receive a $500,000 interest-free loan for initialoperating capital from Queenstake USA once the conditions precedent aremet, payable in equal monthly installments by the Company over the first5-year term of the Agreement.

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