0001204459-10-001401 Sample Contracts

Amendment No. 4 to Option Agreement
Option Agreement • June 16th, 2010 • Gryphon Gold Corp • Gold and silver ores

This Agreement is (i) Amendment No. 4 dated the 15th day of June, 2010 to the Option Agreement (the "Option Agreement") entered into as of the 5th day of March, 2010 between Sage Gold Inc. ("Sage"), Borealis Mining Company ("BMC") and Gryphon Gold Corporation ("Gryphon"), as amended.

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