GOLD MOUNTAIN LIMITED — M&A Activity 2015

Nov 1, 2015

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Suite 2501 Level 25 St Martins Tower 31 Market Street Sydney NSW 2000 Australia (PO Box Q638 QVB Market Street NSW 1230 Australia) Tel: +61 (02) 9283 3880

ASX Announcement – For Immediate Release

02 November 2015

INCA ONE TO ACQUIRE CERTAIN ASSETS OF MONTAN MINING

As previously announced on 30[th] April 2015, Goldsmith Resources SAC (“Goldsmith”) entered into a binding agreement on behalf of its shareholders interest with Montan Mining Corporation of Vancouver Canada (TSXv:MNY) (“Montan”) to acquire the Peruvian Gold Project. Gold Mountain Limited (the “Company” or “GMN”) holds an 18.75 % interest in Goldsmith.

Inca One Gold Corp. (TSX.V: IO) (“Inca One”) and Montan along with the shareholders of Goldsmith (“Goldsmith Shareholders”) announced that the parties have entered into a binding letter agreement pursuant to which Inca One has agreed to acquire certain assets of Montan including the Peruvian Gold Project.

Concurrently, Inca One has entered into a separate share purchase agreement with the Goldsmith Shareholders whereby Inca One will issue a total of 12,300,000 common shares of Inca One to Goldsmith, subject to conditions precedent including an assumption of settlement approximately US$275,000 to various other creditors.

The Inca One shares to be issued in connection with the Goldsmith transaction are valued at approximately C$1,467,390 based on the 20-day volume weighted average price of Inca One’s shares on the TSX-V as at October 28, 2015.

Details of the transaction as released by Inca One Gold Corp can be found on the following Link: http://www.incaone.com/_resources/news/NR20151029.pdf

GMN is of the opinion that the transaction with Inca One and the increased exposure to a larger Peruvian gold processing footprint will enhance the opportunity to add long term value to the investment of the Company.

For further information contact

Matthew Morgan Non-executive Director (M) 0427 518 077