VIA COURRIER July 18, 2006 Battle Mountain Gold Company 1700 Lincoln Street, Suite 2800 Denver, CO 80203 Attn: Legal Department Re: Notice of Option Exercise Dear Sir or Madam:Notice of Option Exercise • July 18th, 2006 • Crown Resources Corp • Mineral royalty traders
Pursuant to Section 3.a. of the Agreement dated effective the 23rd day of July, 2001, between CROWN RESOURCES CORPORATION, a Washington corporation ("Crown Resources"), CROWN RESOURCE CORP. OF COLORADO, a Colorado corporation ("Crown Colorado"), GOLD TEXAS RESOURCES U.S., INC., a Texas corporation ("Gold Texas") (collectively "Crown"), and BATTLE MOUNTAIN GOLD COMPANY, a Nevada corporation ("Battle Mountain"), Crown conveyed a royalty by deed to Battle Mountain (the "Royalty"), which was recorded in Auditor's File No. 3037050 in the records of Okanogan County, Washington.
