Boliden Mineral AB, ("Boliden") a Swedish public limited company, is part of the Boliden Group and is a wholly owned subsidiary of Boliden AB (publ), a leading European mining and metals producer of the metals zinc, copper, lead and nickel. Subject to the outcome of Boliden's evaluation, it is the intention of the Parties to discuss and negotiate in good faith, during the Exclusivity Period, an earn-in and option agreement pursuant to which Boliden shall be given a right to earn an interest in the Project against contributing to the funding of the development of the Project during a certain period of time (the " Earn-in and Option Agreement ") and a joint venture agreement which shall govern the Parties' interest in the Project in the event Boliden exercises its right to earn an interest in the Project (the " JV Agreement "). The Collaboration Agreement outlines the terms and conditions under which Buchans will provide information about, and access to, the property for the purpose of facilitating Boliden's evaluation of the Project and Boliden will share with Buchans technical data from its geology/geophysical review and deliver to Buchans relevant technical data compiled by Boliden with respect to the Project.