James, Tom,
>
> What do you guys think of www.vitgoldcorp.com (our new website)?
>
> Chad
>

Hi Chad,

I like everything I see, and I have no recommendations for changes or
additions. Bravo!

Your corporate presentation for August was very revealing; however, I do
have several questions - most of which relate to Slide 16 that shows the
"Current Drill Hole Array", and some issues that Blackmont Capital mentioned
in their recent research report on your company that was just published at
the beginning of September 2008:

Question and/or comments:

Previous comments by Victoria Gold indicated that the current drilling phase
for Cove McCoy is 15 holes. It was indicated that when these 15 holes were
completed and the assay reports for those holes had been received an
analyzed, Victoria would then make a decision whether or not to start a new
drilling phase that would likely involve drilling approximately another 40
holes via an adit from the Cove McCoy open pit - the purpose of which would
be to determine the amount of gold reserves that the Helen Zone actually
entailed.

According to Slide 16 it appears that your current drilling plans involve
17 holes plus another 6 step out holes - rather than 15 holes. Am I correct
in this interpretation? If so, it appears to me that the completion of the
current drilling phase at Cove McCoy will not come close to being completed
by the end of October 2008 - a date that Blackmont Capital mentioned in
their recent analyst's report on your company.

Blackmont Capital mentioned that you may have to reduce the amount of your
current drilling activity to preserve cash and await a higher stock price
before you complete another private placement stock offering. Do you
consider Blackmont's comments regarding reduced drilling activity becoming a
reality?

Your company has a great deal of drilling prospects that may provide it with
an opportunity to uncover substantial gold reserves; however, 8 million
dollars in cash is not going to be anywhere near enough money to drill a
substantial portion of your drilling prospects. It is obvious to me that
further stock holder dilution is inevitable unless you take in a joint
venture partner that has a hoard of cash to fund your future drilling
drilling requirements. In order to minimize stockholder dilution, are you
considering joint venturing with companies who could provide you with the
cash that you will need in the future to fund your planned drilling
activities? What other sources of funding are you considering to reduce or
eliminate further stockholder dilution?

Blackmont Capital mentioned that one of the risks your company faces has to
do with one of your joint venture partners "Newmont Mining". The concern
addressed was that your company would loose control over the development of
the property that Newmont chose to do a "back-in". What is you viewpoint as
it relates to the possibility of loosing control over the development of any
of your properties where Newmont Mining chooses to exercise their back-in
rights?

Tom Smith