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                                                                    EXHIBIT 10.3

             OPTION TERMINATION AND MINING CLAIM TRANSFER AGREEMENT

THIS AGREEMENT is made effective as of the ____ day of August, 2014.

BETWEEN:

               VISCOUNT  NEVADA  HOLDINGS LTD., with a resident agent address at
               1000 East William Street, Suite 204, Carson City, Nevada 89701

               (hereinafter referred to as the "COMPANY")

AND:

               NEVADA  TUNGSTEN  HOLDINGS  LTD.,  with an  office at 1671 SW 105
               Lane, Davie FL 3332

               (hereinafter referred to as "TUNGSTEN")

A. The Company and Tungsten  have  previously  entered into an Option  Agreement
dated January 31, 2013, as amended (the "OPTION AGREEMENT");

B.  Tungsten  wishes to transfer to the Company an aggregate of 139 patented and
unpatented mining claims situated in White Pine Country,  Nevada (the "CLAIMS"),
as more  particularly  described  in  Exhibit  A  attached  hereto,  for a total
transfer price of US$5,000 (the "TRANSFER"); and

C. In conjunction with the Transfer,  the Company and Tungsten mutually agree to
terminate  the Option  Agreement and all of the Parties'  respective  rights and
obligations thereunder.

     NOW THEREFORE THIS AGREEMENT  WITNESSES that in consideration of the mutual
covenants  and  promises  set  forth  herein,  and for other  good and  valuable
consideration,  the receipt and  sufficiency of which is hereby  acknowledged by
each, the parties hereto agree as follows:

                                   TERMINATION

1.1  The Company and Tungsten  hereby agree to  terminate  the Option  Agreement
     with the Option Agreement being of no further force and effect.

1.2  Tungsten  is hereby  released  from all of  obligations  under  the  Option
     Agreement.

                              MINING CLAIM TRANSFER

1.3  Tungsten hereby transfers the Claims to the Company for total consideration
     of US$5,000  and  Tungsten  shall take all such  actions  necessary to duly
     record the Transfer with the applicable  county recorder  office(s) and the
     Bureau of Land Management.

                                RELEASE OF CLAIMS

1.4  Each Party hereby releases and forever  discharges (the "RELEASING  PARTY")
     the other Party (the "RELEASED PARTY"),  and the Released Party's officers,
     directors,  employees,  agents, members,  owners, attorneys and assigns, of
     and  from  any  and  all  causes  of  action,  harm,  grievances,   claims,
     complaints,  demands, damages, costs, obligations,  liabilities and any and
     all other actions related to the Option  Agreement,  or performance and, as
     applicable,  non-performance  and non-payments,  thereunder by the Released
     Party and/or its  employees or  contractors,  whether such action or remedy
     sought be  legal,  equitable,  contractual,  statutory  (federal,  state or
     local) or otherwise.

                                     GENERAL

1.5  The parties agree to execute such further  documents and  assurances as may
     be required to give effect to the intent of this Agreement.

1.6  This  Agreement is personal in nature and shall enure to the benefit of and
     be  binding  upon  the  parties  hereto  and  their  respective  executors,
     administrators, successors and permitted assigns.

1.7  Whenever the singular or masculine are used throughout this Agreement,  the
     same shall be construed as being the plural or feminine or neuter where the
     context so requires, and vice versa.

1.8  This Agreement shall be governed,  construed and enforced  according to the
     laws of the Province of British  Columbia  and is subject to the  exclusive
     jurisdiction of the courts of the Province of British Columbia.

1.9  The Company and  Tungsten may execute this  Agreement in  counterparts  and
     deliver same by facsimile or other electronic  communication,  and any such
     counterparts shall be deemed to constitute one and the same instrument,  to
     be an originally  executed document,  and to bear the date and be effective
     as of the date first above written.

                                       2

IN WITNESS WHEREOF,  the parties have duly executed this Agreement as of the day
and year first above written.

VISCOUNT NEVADA HOLDINGS LTD.


Per:
    ----------------------------------------
    Authorized Signatory

NEVADA TUNGSTEN HOLDINGS LTD.


Per:
    ----------------------------------------
    Authorized Signatory