Oro East Mining Inc. signed a sales and purchase agreement with Fujian Province Meixinyao Mining Development Company Inc. The contract has been signed for raw ore containing gold, and is for the sale of unprocessed, raw, rough gold ore. The buyer is to remit 30% of the contract price, or USD 450,000.00 by wire transfer to the company within 10 days of the execution of the contract, and the 70% of balance payment is to be remitted when the shipment is delivered to United States main port.