International Silver, Inc. (OTCPK:ISLV) acquired 99 year lease on patented lode and placer mining claims from Continental Public Land Trust for $2.5 million on April 23, 2012. Under the terms of the lease, International Silver will make an initial annual lease payment of $0.02 million, which was paid on April 23, 2012, with 0.03 million on the first anniversary date and $0.03 million each year thereafter for the next ten years. Also, every ten years, thereafter, the lease payment shall be adjusted in proportion to the United States Bureau of Labor Producer Price Index. Additionally, International Silver agrees to pay the seller a royalty of 2% of the net cash flow from its operating activities derived from production of all mineral commodities produced from seller's property.

International Silver, Inc. (OTCPK:ISLV) completed the acquisition of 99 year lease on patented lode and placer mining claims from Continental Public Land Trust on April 23, 2012.