0000912282-08-001289 Sample Contracts

Gryphon Signs Option to Cap Borealis Royalty
Option Agreement • August 22nd, 2008 • Gryphon Gold Corp • Gold and silver ores

August 22, 2008, Vancouver, B.C. - Gryphon Gold Corporation (GGN:TSX / GYPH:OTC.BB) has entered into an agreement providing Gryphon Gold with an 18-month option to reduce and fix the Net Smelter Return (NSR) royalty on its Borealis property, which currently has two gold deposits under examination for economic viability.

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