KEN SWAISLAND The Coach House

XXX XXXXXXXXX

The Coach House

0000 Xxxxxxxxxx Xxx.

West Vancouver, BC V7V 2X2

January 13, 2004

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:

With reference to our letter agreement of December 2, 2003 regarding the above noted matter, I confirm that I am requesting an extension of time to complete my due diligence of the above purchase for a maximum of four (4) months from March 31, 2004, to July 31, 2004; thereby amending termination and formal documentation dates in clause one (1) and two (2) to July 15, 2004. In return for this extension, and subject to a positive initial report by Xxxxx X' Xxxxxx, I undertake to fully xxxxxxx, sample and assay the Xxxxx-Xxxxxx mine and complete the diamond drilling program as recommended by Xxxxx X' Xxxxxx in his recently completed Engineering Report on the Xxxxx-Xxxxxx mine and mill facilities. I agree to provide you with all data collected and complete all due diligence as quickly as possible in order to complete the sale at the earliest opportunity prior to July 31, 2004, if possible.

I also request that the Principal Vendors agree that all rights and obligations contained within the December 2, 2003 agreement and this letter of extension are assignable by Xxx Xxxxxxxxx, without prior approval. The Principal Vendors will be notified of any such assignment within twenty-four (24) hours of any assignment.

All other terms of the letter agreement remain the same.

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