SECOND EXTENSION OF TIME FOR PAYMENT OF SECURED PROMISSORY NOTE Fischer-Watt Gold Company, Inc., a Nevada corporation ("FWG"), and Great Basin Management Co., Inc., a Nevada corporation (the "Corporation"), hereby agree to extend the time for payment...

              SECOND EXTENSION OF TIME FOR PAYMENT
                   OF SECURED PROMISSORY NOTE

     Xxxxxxx-Xxxx Gold Company, Inc., a Nevada corporation
("FWG"), and Great Basin Management Co., Inc., a Nevada
corporation (the "Corporation"), hereby agree to extend the time
for payment of that certain Secured Promissory Note, dated August
28, 1995, in the face amount of $108,447, executed by the
Corporation in favor of FWG (the "Note"), to February 1, 1996 and
that after such extension the liabilities of the Corporation
pursuant to the Note shall remain as if no extension had been
had.

                                 XXXXXXX-XXXX GOLD COMPANY, INC. 


                                 By: /s/  Xxxxxx Xxxxxxx
                                          President



                                 GREAT BASIN MANAGEMENT CO., INC.


                                 By:  /s/ Dr. Xxxxxxx Xxxxxx
                                          President