November
30, 2005
Mr. Francis
R. Biscan Jr.
President
& CEO
American
Stellar Energy Inc.
Re: Partial modification to Payment Terms (1.c) and
(1.d) on the Agreement on the San Miguel Groupings, near Temoris,
Chihuahua, Mexico between Amermin S.A. de C.V., a 97% owned
subsidiary of American Stellar Energy, Inc. and Paramount Gold
Mining Corp. in trust for a Mexican subsidiary to be created at a
later date (Paramount). The San Miguel Groupings are approximately
800 acres and are known as Santa Clara, Las Tres S.S.S.,
San Luis, El Carmen, Swanick, Sangre De Cristo, Las Tres
B.B.B., Guadalupe De Los Reyes, San Juan, El Rosario, San Miguel
(Head of group) and Empalme.
Dear Mr.
Biscan;
In conjunction with the “Extension Agreement” dated
September 15 th , 2005, this agreement will serve to
provide a modification to the $100,000.00 payment to the original
Option Agreement regarding the San Miguel Groupings Joint Venture
dated the 3 rd Day of August, 2005 between American
Stellar Energy, Inc. and Paramount Gold Corp.. The deadline
described in the 1 st paragraph under “Terms:
1.c)” contained in Exhibit A below, will be modified to read:
Make a payment of $50,000.00 by December 17, 2005 &
