To elaborate on point re: JTOs prior relationship with WGV:

http://www.gryphongold.com/_resources/pdfs/20120815_GGN_Q1_2013_Teleconference_Transcript.pdf

Aug 15 2012 call transcript page 7:

Q: Waterton—the relationship—?

James O’Neil: Yes, the Waterton deal. That’s going very well. We have a very good
relationship with Waterton.

Lisanna Lewis: You may want to point out, Jim, that you are the reason that we have Waterton
on board with us. You have a history with the group.

James O’Neil: That’s right. I had done some business with Waterton while with my prior
employer, so I know those folks pretty well, and we’ve worked together over the years. So yes,
our relationship is very good.