KEN SWAISLAND The Coach House

XXX XXXXXXXXX

The Coach House

0000 Xxxxxxxxxx Xxx.

West Vancouver, BC V7V 2X2

December 2, 2003

Hunter Gold Mining Corporation

C/o 0000 Xxxxxxxx Xxxx

West Vancouver, BC V7V 3L6

Attention: Xxxxxx Xxxxx

Re: Purchase of Hunter Gold Mining Corporation (the "Target") from Xxxxxx Xxxxx and Xxx Xxxxx (the "Principal Vendors") and the other shareholders of the company (the "Other Vendors") by Xxx Xxxxxxxxx (the "Purchaser").

Dear Sir:

I confirm that I will pay the sum of $3,000,000 in United States Currency to the Vendors to purchase all the shares of Hunter Gold Mining Corporation on or before March 31, 2004 subject to the following conditions:

1. The Purchaser shall have until March 15, 2004, to complete its due diligence review and can terminate this letter agreement at any time prior to March 15, 2004 by notice pursuant to clause 6.

2. The Purchaser shall present any formal documentation that it requires for signature to the Vendor by March 15, 2004.

3. The Principal Vendors agrees to provide any and all documentation that it has in its possession and is required by the Purchaser, and assist in any way it is able during the due diligence period.

4. The Principal Vendors agree to ensure that all assests of Hunter Gold Mining Inc. and Hunter Gold Mining Corporation including the Xxxxx Xxxxxx Mine and Golden Xxxxxx Mill, dewatering plant, mining properties, claims, permits, and all ancillary equipment (See Tedesco's report dated March, 1997), are free and clear of any and all financial liens or encumbrances with the exception of a one percent net smelter return royalty payable to Goldrush Casino and Mining Corporation to a maximum of US $1,500,000 and that all accounts payable of each Corporation have been satisfied.

5. The Purchaser agrees to provide sufficient moneys from the purchase price on or before closing to allow the Principal Vendor to satisfy paragraph 4 of this letter agreement prior to distribution of the remaining moneys to the individual Vendors in proportion to their shareholdings in the Target.

6. Any notice given under this agreement will be in writing and may be sent by facsimile transmission or prepaid registered mail to the following addresses or numbers:

Xxx Xxxxxxxxx

The Coach House

0000 Xxxxxxxxxx Xxx.

West Vancouver, BC V7V 2X2

Attention: Xxx Xxxxxxxxx

Facsimile No: 000-000-0000

Hunter Ogld Mining Corporation

C/o Xxxxx Xxxxxxx

3^rd Floor-0000 Xxxxx Xx.

Kelowna, BC VIY 2B3

Facsimile No: 000-000-0000

Attention Xxxxxx Xxxxx

Yours Truly,

                                                                                                                        Accepted and agreed to by:

                                                                                                                        Hunter Gold Mining Corporation per:

/s/ Xxx Xxxxxxxxx                                                                                            /s/ Xxxxxx Xxxxx                                               

Xxx Xxxxxxxxx                                                                                                Xxxxxx Xxxxx President

Accepted and agreed to by:                                                                             Accepted and agreed to by:

/s/ Xxx Xxxxx                                                                                                    /s/ Xxxxxx Xxxxx                                               

Xxx Xxxxx                                                                                                        Xxxxxx Xxxxx