----

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| North      Carolina                                                     |                                        | 56-1378516 |
|-------------------------------------------------------------------------|---------------------------------------------|------------|
| (State      or Other JurisdictionOf      Incorporation or Organization) | (I.R.S.      Employer IdentificationNumber) |
|                                                                    |                                        |
| 18124      Wedge Parkway, Suite 214Reno,      Nevada                    | 89511                                       |
| (Address      of Principal Executive Offices)                           | (Zip      Code)                             |

| Large      accelerated filer     |  ̈       | Accelerated      filer               |  ̈  |
|----------------------------------|--------------|--------------------------------------|---------|
|  Non-accelerated      filer |   ̈ |  Smaller      reporting company |  x |

| (Do      not check if a smaller reporting company) |   |   |
|----------------------------------------------------|--------|--------|

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|                                                                                                                           | Page      Number |
|--------------------------------------------------------------------------------------------------------------------------------|------------------|
|                                                                                                                           |             |
| PART      I – FINANCIAL INFORMATION                                                                                      |             |
|    Item      1. Financial Statements                                                                            |             |
| Consolidated Balance      Sheets                                                                                               | 1                |
| Consolidated Statements of      Loss                                                                                           | 2                |
| Consolidated Statements of Cash      Flows                                                                                     | 3                |
| Notes to Consolidated Financial      Statements                                                                                | 4                |
|    Item      2. Management’s Discussion and Analysis of Financial Condition      and Results of Operation | 11               |
|    Item      3. Quantitative and Qualitative Disclosures About Market    Risk                                   | 16               |
|    Item      4T. Controls and Procedures                                                                        | 16               |
|                                                                                                                           |             |
| PART      II – OTHER INFORMATION                                                                                         |             |
|    Item      1. Legal Proceedings                                                                               | 17               |
|    Item      1A. Risk Factors.                                                                                  | 17               |
|    Item      2. Unregistered Sales of Equity Securities and Use of    Proceeds                                  | 17               |
|    Item      3. Defaults Upon Senior Securities                                                                 | 17               |
|    Item      4. Submission of Matters to a Vote of Security Holders                                             | 17               |
|    Item      5. Other Information                                                                               | 17               |
|    Item      6. Exhibits                                                                                        | 17               |
|    Signature      Page                                                                                          | 19               |

----

| PIEDMONT      MINING COMPANY, INC.(An      Exploration Stage Company)CONSOLIDATED      BALANCE SHEETS                   |
|-------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                    |
|                                                                                                                    |   | September      30, |   | December      31, |
|                                                                                                                    |   | 2009(unaudited) |   | 2008(audited) |
| ASSETS                                                                                                                  |   | $ |   | $ |
|  CURRENT      ASSETS                                                                                               |   |   |   |   |   |   |   |
|   Cash                                                                                                        |   |   | 1,812 |   |   | 582 |   |
|   Prepaid      expenses and other                                                                             |   |   | 2,366 |   |   | 32,431 |   |
|   Accounts      receivable                                                                                    |   |   | 1,778 |   |   | - |   |
|                                                                                                               |   |   | 5,956 |   |   | 33,013 |   |
|                                                                                                                    |   |   |   |   |   |   |   |
| MINERAL      PROPERTIES (Note 4)                                                                                        |   |   | 107,500 |   |   | 122,000 |   |
| RECLAMATION      BONDS (Note 4)                                                                                         |   |   | 27,542 |   |   | 29,339 |   |
| INTEREST      IN OIL LEASES (Note 3)                                                                                    |   |   | 2 |   |   | -  |   |
| EQUIPMENT      (Note 5)                                                                                                 |   |   | -   |   |   | 65 |   |
|                                                                                                                    |   |   |   |   |   |
|          Total Assets                                                                                    |   |   | 141,000 |   |   | 184,417 |   |
|                                                                                                                    |
| LIABILITIES      AND STOCKHOLDERS’ EQUITY (DEFICIT) CURRENT      LIABILITIES                                 |   |   |   |   |   |   |   |
|   Accounts      payable                                                                                       |   |   | 428,248 |   |   | 401,438 |   |
|   Due      to related parties (Note 6)                                                                        |   |   | 484,844 |   |   | 253,929 |   |
|          Total current liabilities                                                             |   |   | 913,092 |   |   | 655,367 |   |
|                                                                                                                    |   |   |   |   |   |   |   |
| STOCKHOLDERS’      EQUITY (DEFICIT)                                                                               |
| Capital      Stock (Note 7)                                                                                             |   |   |   |
|     Authorized:                                                                                     |   |   |   |
|         50,000,000      Preferred stock $1.00 par value                         |   |   |   |
|         200,000,000      Common stock no par value                              |   |   |   |
|         Common      stock issued and outstanding:                               |   |   |   |
|           70,123,643  shares      (2008 – 68,615,310) |   |   | 16,550,144 |   |   | 16,485,145 |   |
|      Additional      paid-in capital                                                           |   |   | 872,643 |   |   | 848,659 |   |
|      Deficit      accumulated prior to the exploration stage                                   |   |   | (12,564,287) |   |   | (12,564,287 | ) |
|      Deficit      accumulated during exploration stage                                         |   |   | (5,630,592) |   |   | (5,240,467 | ) |
|        Total      stockholders’ equity (deficit)                               |   |   |  (772,092) |   |   | (470,950) |   |
|                                                                                                                    |   |   |   |   |   |   |   |
| Total      liabilities and stockholders’ equity (deficit)                                                         |   |   | 141,000 |   |   | 184,417 |   |
|                                                                                                                    |   |   |   |
|                                                                                                                    |   |   |   |
| The      accompanying notes are an integral part of these financial      statements.                                    |

----

|                                                                                   |   | Three      monthsEndedSeptember      30, 2009 |                                                        |   | Three      monthsEndedSeptember      30, 2008 |   |       | Nine      monthsEndedSeptember      30, 2009 |   |   | Nine      monthsEndedSeptember      30, 2008                |   |   | For      the Periodfrom      January 1,2002      (Dateof      Inceptionof      ExplorationStage)      toSeptember      30, 2009 |       |
|----------------------------------------------------------------------------------------|--------|-----------------------------------------------|-------------------------------------------------------------|--------|-----------------------------------------------|--------|------------|----------------------------------------------|--------|--------|-------------------------------------------------------------|--------|--------|---------------------------------------------------------------------------------------------------------------------------------|------------|
|                                                                                   |   | $                                             |                                                        |   | $                                             |   |       | $                                            |   |   | $                                                           |   |   | $                                                                                                                               |       |
| REVENUE                                                                                |   |                                          |                                                        |   |                                          |   |       |                                         |   |   |                                                        |   |   |                                                                                                                            |       |   |   |   |   |   |
| Oil      revenue (Note 3)                                                              |   |                                          |          3,233 |   |                                          |   | -          |                                         |   |   |          3,233 |   |   |                                                                                                                            | -          |   |   |   |           3,233 |   |
|                                                                                   |   |                                          |                                                        |   |                                          |   |       |                                         |   |   |                                                        |   |   |                                                                                                                            |       |   |   |   |   |   |
| EXPENSES                                                                               |   |                                          |                                                        |   |                                          |   |       |                                         |   |   |                                                        |   |   |                                                                                                                            |       |   |   |   |   |   |
| Depreciation                                                                           |   |                                          | -                                                           |   |                                          |   | 216        |                                         |   |   | 65                                                          |   |   |                                                                                                                            | 648        |   |   |   | 146,383 |   |
| Exploration, geological and      geophysical costs                                     |   |                                          | 56,488                                                      |   |                                          |   | 36,626     |                                         |   |   | 86,133                                                      |   |   |                                                                                                                            | 433,069    |   |   |   | 2,338,499 |   |
| Finance      fees                                                                      |   |                                          | -                                                           |   |                                          |   | 100,000    |                                         |   |   | -                                                           |   |   |                                                                                                                            | 100,000    |   |   |   | 191,200 |   |
| General and      administrative                                                        |   |                                          | 14,718                                                      |   |                                          |   | 54,664     |                                         |   |   | 87,179                                                      |   |   |                                                                                                                            | 181,847    |   |   |   | 896,730 |   |
| Impairment of      mineral  properties (Note 4)                              |   |                                          | 25,000                                                      |   |                                          |   | 205,500    |                                         |   |   | 25,000                                                      |   |   |                                                                                                                            | 205,500    |   |   |   | 230,500 |   |
| Management      fees                                                                   |   |                                          | 49,500                                                      |   |                                          |   | 49,500     |                                         |   |   | 149,984                                                     |   |   |                                                                                                                            | 235,617    |   |   |   | 972,872 |   |
| Professional      fees                                                                 |   |                                          | 9,626                                                       |   |                                          |   | 43,330     |                                         |   |   | 64,698                                                      |   |   |                                                                                                                            | 149,265    |   |   |   | 841,976 |   |
|                                                                                   |   |                                          |                                                        |   |                                          |   |       |                                         |   |   |                                                        |   |   |                                                                                                                            |       |   |   |   |   |   |
|                                                                                   |   |                                          | 155,332                                                     |   |                                          |   | 489,836    |                                         |   |   | 413,059                                                     |   |   |                                                                                                                            | 1,305,946  |   |   |   | 5,618,160 |   |
|                                                                                   |   |                                          |                                                        |   |                                          |   |       |                                         |   |   |                                                        |   |   |                                                                                                                            |       |   |   |   |   |   |
| LOSS      BEFORE OTHER ITEMS                                                           |   |                                          | (152,099                                                    | )      |                                          |   | (489,836   | )                                            |   |   | (409,826                                                    | )      |   |                                                                                                                            | (1,305,946 | ) |   |   | (5,614,927 | ) |
|                                                                                   |   |                                          |                                                        |   |                                          |   |       |                                         |   |   |                                                        |   |   |                                                                                                                            |       |   |   |   |   |   |
| INTEREST      AND OTHER INCOME                                                         |   |                                          |                                                        |   |                                          |   | -     |                                         |   |   | 19,700                                                      |   |   |                                                                                                                            | 3,198      |   |   |   | 30,925 |   |
| LOSS      ON OTHER NON-OPERATING ACTIVITIES                                            |   |                                          | -                                                           |   |                                          |   | -          |                                         |   |   | -                                                           |   |   |                                                                                                                            | -          |   |   |   | (46,590 | ) |
|                                                                                   |   |                                          |                                                        |   |                                          |   |       |                                         |   |   |                                                        |   |   |                                                                                                                            |       |   |   |   |   |   |
| NET      LOSS FOR THE PERIOD                                                           |   |                                          | (152,099                                                    | )      |                                          |   | (489,836   | )                                            |   |   | (390,126)                                                   |   |   |                                                                                                                            | (1,302,748 | ) |   |   | (5,630,592 | ) |
|                                                                                   |   |                                          |                                                        |   |                                          |   |       |                                         |   |   |                                                        |   |   |                                                                                                                            |       |   |   |   |   |   |
| BASIC      AND DILUTED      LOSS  PER SHARE                                  |   |                                          | (0.002                                                      | )      |                                          |   | (0.007     | )                                            |   |   | (0.006                                                      | )      |   |                                                                                                                            | (0.020     | ) |   |   |   |   |
|                                                                                   |   |                                          |                                                        |   |                                          |   |       |                                         |   |   |                                                        |   |   |                                                                                                                            |       |   |   |   |   |   |
| WEIGHTED      AVERAGE COMMONSHARES      OUTSTANDING,       BASIC      AND DILUTED |   |                                          | 69,617,302                                                  |   |                                          |   | 67,920,382 |                                         |   |   | 68,952,978                                                  |   |   |                                                                                                                            | 65,484,769 |   |   |   |   |   |

----

|                                                                                                  |   | Nine      Months EndedSeptember      30, |     |   |   | For      the Period fromJanuary      1, 2002(Date      of Inceptionof      Exploration Stage)to      September      30, |            |
|-------------------------------------------------------------------------------------------------------|--------|------------------------------------------|----------|--------|--------|-------------------------------------------------------------------------------------------------------------------------|-----------------|
|                                                                                                  |   | 2009                                     |     |   | 2008   |                                                                                                                    |            |   | 2009 |   |
|                                                                                                  |   | $                                        |     |   | $      |                                                                                                                    |            |   | $ |   |
| CASH      FLOWS FROM OPERATING ACTIVITIES                                                             |   |                                     |     |   |   |                                                                                                                    |            |   |   |
| Net      loss for the period                                                                          |   |                                     | (390,126 | )      |   |                                                                                                                    | (1,302,748      | ) |   |   | (5,640,592 | ) |
| Adjustments      to reconcile net loss to net cash from operating    activities:                      |   |                                     |     |   |   |                                                                                                                    |            |   |   |   |   |   |
| Stock      issued as finance fees                                                                     |   |                                     | -        |   |   |                                                                                                                    | 100,000         |   |   |   | 100,000 |   |
| Warrants      issued as finance fees                                                                  |   |                                     | -        |   |   |                                                                                                                    | -               |   |   |   | 92,100 |   |
| Mineral      property impairments                                                                     |   |                                     | 25,000   |   |   |                                                                                                                    | 205,500         |   |   |   | 230,500 |   |
| Stock      based compensation                                                                         |   |                                     | 23,984   |   |   |                                                                                                                    | 110,017         |   |   |   | 409,468 |   |
| Depreciation                                                                                          |   |                                     | 65       |   |   |                                                                                                                    | 648             |   |   |   | 146,383 |   |
| Loss      on other non-operating activities                                                           |   |                                     | -        |   |   |                                                                                                                    | -               |   |   |   | (21,000 | ) |
| Changes      in operating assets and liabilities:                                                     |   |                                     |     |   |   |                                                                                                                    |            |   |   |   |   |   |
| Accounts      receivable                                                                              |   |                                     | (1,778)  |   |   |                                                                                                                    | -               |   |   |   | (1,778) |   |
| Prepaid      expenses and other                                                                       |   |                                     | 30,065   |   |   |                                                                                                                    | (47,247)        |   |   |   | 583 |   |
| Due      to related parties                                                                           |   |                                     | 230,911  |   |   |                                                                                                                    | 118,113         |   |   |   | 387,827 |   |
| Accounts      payable                                                                                 |   |                                     | 43,812   |   |   |                                                                                                                    | 60,095          |   |   |   | 498,801 |   |
| NET      CASH FLOWS USED IN      OPERATING ACTIVITIES                                                 |   |                                     | (38,067  | )      |   |                                                                                                                    | (755,622        | ) |   |   | (3,797,708 | ) |
|                                                                                                  |   |                                     |     |   |   |                                                                                                                    |            |   |   |   |   |   |
| CASH      FLOWS FROM FINANCING ACTIVITIES                                                             |   |                                     |     |   |   |                                                                                                                    |            |   |   |   |   |   |
| Issuance      of shares for cash, net of issuance costs                                               |   |                                     | 40,000   |   |   |                                                                                                                    | 650,450         |   |   |   | 3,709,174 |   |
| Convertible      notes                                                                                |   |                                     | -        |   |   |                                                                                                                    | -               |   |   |   | 291,145 |   |
| NET      CASH FLOWS FROM      FINANCING ACTIVITIES                                                    |   |                                     | 40,000   |   |   |                                                                                                                    | 650,450         |   |   |   | 4,000,319 |   |
| CASH      FLOWS FROM INVESTING ACTIVITIES                                                             |   |                                     |     |   |   |                                                                                                                    |            |   |   |   |   |   |
| Purchase      of property and equipment                                                               |   |                                     | -        |   |   |                                                                                                                    |            |   |   |   | (5,579 | ) |
| Proceeds      from non-operating activities                                                           |   |                                     | -   |   |   |                                                                                                                    | -          |   |   |   | 97,125 |   |
| Reclamation      bonds                                                                                |   |                                     | 1,797    |   |   |                                                                                                                    | (29,339)        |   |   |   | (27,542) |   |
| Mineral      property costs                                                                           |   |                                     | (2,500)  |   |   |                                                                                                                    | (30,000         | ) |   |   | (265,500 | ) |
| NET      CASH FLOWS USED IN      INVESTING ACTIVITIES                                                 |   |                                     | (703)    |   |   |                                                                                                                    | (59,339         | ) |   |   | (201,496 | ) |
|                                                                                                  |   |                                     |     |   |   |                                                                                                                    |            |   |   |   |   |   |
| INCREASE      (DECREASE) IN CASH                                                                      |   |                                     | 1,230    |   |   |                                                                                                                    |  (164,511) |   |   |   | 1,115 |   |
| CASH,      BEGINNING                                                                                  |   |                                     | 582      |   |   |                                                                                                                    | 165,877         |   |   |   | 697 |   |
|                                                                                                  |   |                                     |     |   |   |                                                                                                                    |            |   |   |   |   |   |
| CASH, ENDING                                                                                          |   |                                     | 1,812    |   |   |                                                                                                                    | 1,366           |   |   |   | 1,812 |   |
|                                                                                                  |   |                                     |     |   |   |                                                                                                                    |            |   |   |   |   |   |
| SUPPLEMENTAL      CASH FLOW INFORMATION AND NON-CASH INVESTING AND      FINANCING ACTIVITIES (Note 8) |   |

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The adoption of the Codification did not have a material impact onfinancial position, results of operations or cash flows.

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|                                |   | Balance      as atDecember      31, 2008 |    |   | Transactionsduring      the period |   |    | Balance      as atSeptember 30,      2009 |   |
|-------------------------------------|--------|------------------------------------------|---------|--------|------------------------------------|--------|---------|------------------------------------------------|--------|
|                                |   | $                                        |    |   | $                                  |   |    | $                                              |   |
| Argentite      Gold                 |   |                                     |    |   |                               |   | 2,500   |                                           |   |   | 2,500 |   |
| Bullion      Mountain               |   |                                     | 27,000  |   |                               |   | 8,000   |                                           |   |   | 35,000 |   |
| Dutch      Flat                     |   |                                     | 35,000  |   |                               |   | -       |                                           |   |   | 35,000 |   |
| Pasco      Canyon                   |   |                                     | 10,000  |   |                               |   | -       |                                           |   |   | 10,000 |   |
| PPM      Gold                       |   |                                     | 25,000  |   |                               |   | -       |                                           |   |   | 25,000 |   |
| Trinity      Silver                 |   |                                     | 10,000  |   |                               |   | (10,000 | )                                              |   |   | - |   |
| Willow      Creek                   |   |                                     | 15,000  |   |                               |   | (15,000 | )                                              |   |   | - |   |
|                                |   |                                     | 122,000 |   |                               |   | (14,500 | )                                              |   |   | 107,500 |   |
|                                |   |                                     |    |   |                               |   |    |                                           |   |   |   |   |
| Reclamation      Bonds:             |   |                                     |    |   |                               |   |    |                                           |   |   |   |   |
|    PPM      Gold     |   |                                     | 11,566  |   |                               |   | -       |                                           |   |   | 11,566 |   |
|    Willow      Creek |   |                                     | 17,773  |   |                               |   | (1,797  | )                                              |   |   | 15,976 |   |
|                                |   |                                     | 29,339  |   |                               |   | (1,797  | )                                              |   |   | 27,542 |   |

----

----

----

|                                |   |                   |   |   |                   |   |
|-------------------------------------|--------|------------------------|--------|--------|------------------------|--------|
|                                |   | September      30,2009 |   |   | December      31, 2008 |   |
|                                |   |                   |   |   |                   |   |
| Computer      equipment             |   | $                      | 5,579  |   |                   | $      | 5,579 |   |
| Less:      accumulated depreciation |   |                   | (5,579 | )      |                   |   | (5,514 | )  |
|                                |   | $                      | 0      |   |                   | $      | 65 |   |

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|                                                                   |   |           |                                                                                                                | Weighted            |
|------------------------------------------------------------------------|--------|----------------|---------------------------------------------------------------------------------------------------------------------|---------------------|
|                                                                   |   | Number      of |                                                                                                                | Average             |
|                                                                   |   | Options        |                                                                                                                | Exercise      Price |
|        Total      Options                                         |   |           |                                                                                                                | $              |
| Outstanding,      December 31, 2007                                    |   |           | 5,975,000                                                                                                           |                | 0.235 |
|        Cancelled      March 4, 2008 |   |           |   (400,000)                                                                                               |                | 0.200 |
|        Granted      April 9, 2008   |   |           |    150,000                                                                                           |                | 0.280 |
| Outstanding,      December 31, 2008                                    |   |           | 5,725,000                                                                                                           |                | 0.239 |
|        Expired                      |   |           |  -                                                                                                             |                |  - |
|        Granted                      |   |           |  -                                                                                                             |                |  - |
| Outstanding,      September 30, 2009                                   |   |           | 5,725,000                                                                                                           |                | 0.239 |
|                                                                   |   |           |                                                                                                                |                |   |
| Non-vested      Options                                                |   |           |                                                                                                                |                | $ |
| Nonvested      options, December 31, 2007                              |   |           |  1,150,000                                                                                                     |                | 0.11   |
|     Granted      April 9, 2008                     |   |           |     150,000                                                                                     |                | 0.12   |
|     Vested                                         |   |           | (1,075,000)                                                                                                         |                | 0.11   |
| Nonvested      options December 31, 2008                               |   |           |     225,000                                                                                     |                | 0.11   |
|     Vested                                         |   |           |    (225,000)                                                                                         |                | 0.11   |
| Nonvested      options September 30, 2009                              |   |           |                         0 |                |   |

|  Options      Outstanding at September 30, 2009 |           | Options      Exercisable at September 30, 2009        |
|------------------------------------------------------|----------------|-------------------------------------------------------|
|                                                 |           | Weighted                                              |   |   |   | Weighted |   |
|                                                 |           | Average                                               |   |   |   | Average |   |
|                                                 |           | Remaining                                             | Weighted |   |   | Remaining | Weighted |
| Range      of                                        | Number         | Contractual                                           | Average |   | Number | Contractual | Average |
| Exercise      Prices                                 | of      Shares | Life      (in years)                                  | Exercise      Price |   | of      Shares | Life      (in years) | Exercise      Price |
| $      0.20 – 0.28                             | 5,725,000      |         1.487 | $      0.239 |   | 5,725,000 | 1.487 | $     0.239 |

| Options      Outstanding at December 31, 2008 |           | Options      Exercisable at December 31, 2008 |
|-----------------------------------------------|----------------|-----------------------------------------------|
|                                          |           | Weighted                                      |   |   |   | Weighted |   |
|                                          |           | Average                                       |   |   |   | Average |   |
| Range      of                                 |           | Remaining                                     | Weighted |   |   | Remaining | Weighted |
| Exercise                                      | Number         | Contractual                                   | Average |   | Number | Contractual | Average |
| Prices                                        | Of      Shares | Life      (in years)                          | Exercise      Price |   | of      Shares | Life      (in years) | Exercise      Price |
| $      0.20 – 0.28                      | 5,725,000      |       2.23      | $      0.239 |   | 5,500,000 | 2.135 | $     0.238 |

----

----

----

|                             | Number      ofWarrants                                                                | Weighted      averageexercise      price | Weighted      averageremaining      life (years) |
|----------------------------------|---------------------------------------------------------------------------------------|------------------------------------------|--------------------------------------------------|
|                             |                                                                                  | $                                        |                                             |
| Balance,      December 31, 2008  | 10,479,035                                                                            | 0.320                                    | 1.09                                             |
| Exercised                        |               - |                                     |                                             |
| Expired                          | (2,912,500)                                                                           |                                     |                                             |
| Issued                           |   1,008,333                                                                 | 0.060                                    | 2.41                                             |
| Balance,      September 30, 2009 |   8,574,868                                                                 | 0.329                                    | 0.55                                             |

----

----

|                   | Nine      months endedSeptember      30, 2009 | Nine      months endedSeptember      30, 2008 |
|------------------------|----------------------------------------------------|----------------------------------------------------|
|                   | $                                                  | $                                                  |
| Interest      paid     | -                                                  | -                                                  |
| Income      taxes paid | -                                                  | -                                                  |

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|   | · | locate      one or more economic mineral deposits which could then be put into      production, from which we would then be able to extract gold or silver at      a profit; or |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | enter      into a joint venture arrangement on one or more of our leased properties;      or |
|--------|--------|----------------------------------------------------------------------------------------------|

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----

|   | · | Required      work expenditure by November 11, 2006:  $20,000 of which $30,470      has already been expended.  In September, 2007, this agreement      was amended and the time for completing the remaining work obligation was      extended indefinitely. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Claims      maintenance fees have been paid through August 31, 2010.                                                                                |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | · | Annual      payments:  $15,000 has been accrued, of which $3,000 has been      paid. An additional $15,000 will be due on November 1,    2009. |

|   | · | The      Trinity Silver Project was terminated during the third quarter of      2009. |
|--------|--------|---------------------------------------------------------------------------------------|

----

|    | · | Required      work expenditure:  $60,971 has already been completed.      Further work postponed pending receipt of drill permit from U.S. Forest      Service, and the receipt of additionalfunds. |
|--------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Claims      maintenance fees have been paid through August 31,  2010. |
|--------|--------|-----------------------------------------------------------------------|

|   | · | Annual      payments; $0. |
|--------|--------|---------------------------|

|    | · | Required      work expenditure:  $500,000 by March 31, 2009, of which $560,677      was expended as of September 30, 2009.  Further work will depend      upon the timing and receipt of additionalfunds. |
|--------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Claims      maintenance fees have been paid through August 31,  2010. |
|--------|--------|-----------------------------------------------------------------------|

|   | · | Annual      payments; $0. |
|--------|--------|---------------------------|

|    | · | Required      work expenditure to April 2008: $175,000, of which $151,127 has been      expended; and to April 2009; $200,000.  The timing and amount of      additional work will depend upon the timing and amount of funding      received.  Both parties wish to continue with the planned      exploration program for the property and are in discussions to amend the      terms of the agreement. |
|--------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Claims      maintenance fees have been paid through August 31,  2010. |
|--------|--------|-----------------------------------------------------------------------|

|   | · | Annual      payments; $0. |
|--------|--------|---------------------------|

|   | · | The      Willow Creek Gold Project was terminated during the fourth quarter of      2009. |
|--------|--------|-------------------------------------------------------------------------------------------|
|   |   |                                                                                      |

|   | · | On      May 20, 2008, a Letter of Intent was signed on the Morgan Pass      Project.  The option and earn in agreement will not be prepared      and signed until the property is released into ‘multiple use’      classification by the Bureau of Land Management. Funds of $17,666 have      been expended to date.   Claims maintenance fees have been      paid through August 31, 2010. |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | · | On      March 10, 2009, upon paying $2,500, the Company signed a Letter of Intent      to enter into an Exploration Agreement with Option to form Joint Venture      on the Argentite gold property in western Nevada once the gold price      exceeds $1,000 per ounce for more than 25 consecutive business days or      after 90 days from the date of signing the Letter of Intent.  On      signing the formal agreement, the Company will pay $8,000 and will then      undertake a work commitment of $750,000 over a five year period to earn a      51% interest in the property and the project, or up to a 70% interest upon      completion of a bankable feasibility study.  In addition, the      Company would make annual payments of $10,000 by the first anniversary of      the agreement, $15,000 on the second anniversary, $20,000 by the third      anniversary and $25,000 by the fourth anniversary, all of which would be      creditable against the work commitment. The Option and Earn-in Agreement      has not yet been prepared or signed, pending the receipt of adequate      funding.  Claims maintenance fees have been paid through August      31, 2010. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Exhibit      No. | Description                                                                                                 |
|------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3.1.1            | Articles      of Incorporation of Piedmont Mining Company, Inc., filed July 25,      1983(1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 3.1.2            | Amendment      to Articles of Incorporation, filed August 1, 1983(1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| 3.1.3            | Amendment      to Articles of Incorporation, filed June 11, 1984(1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 3.1.4            | Amendment      to Articles of Incorporation, filed June 24, 1984(1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 3.1.5            | Amendment      to Articles of Incorporation, filed July 23, 1987(1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 3.1.6            | Amendment      to Articles of Incorporation, filed September 2, 1987(1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| 3.1.7            | Amendment      to Articles of Incorporation, filed June 7, 1988(1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 3.1.8            | Amendment      to Articles of Incorporation, filed June 15, 1994(1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 3.1.9            | Amended      and Restated Articles of Incorporation, filed December 17, 2007(2)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 3.2.1            | Bylaws      of Piedmont Mining Company, Inc.(1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 3.2.2            | Amendment      to Bylaws adopted June 25, 1984(1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 3.2.3            | Amendment      to Bylaws adopted in 1988(1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 3.2.4            | Amendment      to Bylaws adopted May 17, 1988(1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 3.2.5            | Amendment      to Bylaws adopted May 17, 1988(1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 3.2.6            | Amendment      to Bylaws adopted April 7, 1989(1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 3.2.7            | Amendment      to Bylaws adopted March 14, 1990(1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 3.2.8            | Amendment      to Bylaws adopted September 26, 1990(1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 31.1             | Certification      Pursuant to Section 302*                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 32.1             | Certification      Pursuant to 18 U.S.C. Section 1350*                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |

| (1) | Incorporated      by reference from Registration Statement on Form SB-2 filed with the SEC      on July 24, 2002. |
|-----|-------------------------------------------------------------------------------------------------------------------|
| (2) | Incorporated      by reference from Form 8-K filed with the SEC on June 8,    2005.                               |

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|                          | PIEDMONT      MINING COMPANY, INC.,a      North Carolina Corporation                                                                                                                                                |
|-------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Dated:      November 13, 2009 | /s/      Robert M. Shields, Jr.                                                                                                                                                                                          |
|                          | By:  Robert      M. Shields, Jr.Its:  Chief      Executive Officer (PrincipalExecutive      Officer) and Chief Financial Officer(Principal      Financial Officer and Principal Accounting  Officer) |

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