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<br />Gold Mountain Metals, Inc <br />PO Box 29 <br />Sharon Center, OH 44274 <br />RECEIVED <br />May 9, 2006 <br />MAY 10 zap <br />Colorado Division of Minerals & Geology Division of Minerals and Geology <br />1313 Sherman St, Room 215 <br />Denver, CO 80203 <br />Dear Colorado Division of Minerals & Geology, <br />Enclosed, please find our notarized. Transfer of Permit and Succession of Operators <br />Application Form for Perrr?i1`#M-1992-045old Basin Mine, currently assigned to <br />James Van Ella. We have chosen Option B and have enclosed a certified check for <br />$3400.00 for deposit in the State Treasury to cover the existing Financial Warranty for <br />the subject permit. Also included is a check for $100.00 to cover the Application Fee for <br />Hard Rock operations. <br />In addition to the Transfer of Permit Application, we have also enclosed notarized copies <br />of the Performance Warranty and Financial Warranty - Check for Deposit in State <br />Treasury forms as specified in the Application Package document. <br />If there are any questions, please contact me at 330-336-8774. <br />Respectfully, <br />Ai'c?Y= <br />Steven M. Ryba <br />Treasurer <br />Gold Mountain Metals Inc <br />Enclosures (3)