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GOLD MOUNTAIN METALS, INC <br />PO Bog 29 Sharon Center, OH 44274 <br />330-703-8565 <br />October 7, 2008 <br />Elizabeth Taliaferro <br />Colorado Division of Reclamation, Mining & Safety <br />1313 Sherman Street, Room 215 <br />Denver, CO 80203 <br />Subject: Additional Financial Warranty for Gold Basin Mine, Permit M-1992-045, Per <br />July 17, 2008 Inspection Report by Steve Shuey <br />Dear Elizabeth Taliaferro, <br />Enclosed, please find our notarized "Performance Warranty" and "Financial Warranty Check <br />for Deposit in State Treasury" forms as well as a certified check for $500.00. These items <br />are being sent to you in response to Item #3 of the subject July 17, 2008 Inspection Report <br />for Gold Basin Mine, Permit M-1992-045 as requested by Steve Shuey of your Grand <br />Junction field office. In the subject report, Mr. Shuey requested us to increase our current <br />Financial Warranty amount of $3400.00 by $500.00 by October 20, 2008. Please feel free to <br />contact me if you have any questions regarding this matter. <br />Sincerely, <br /> <br />Steven M. Ryba <br />Secretary & Treasurer <br />Gold Mountain Metals, Inc <br />cc: Steve Shuey <br />Enclosures (2)