Document:

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EXHIBIT 10.1

                             UNIT PURCHASE AGREEMENT

       The undersigned (hereinafter "Purchaser") hereby wishes to purchase, and
Bullion River Gold Corp., a Nevada corporation (the "Company"), wishes to sell,
units of securities (the "Units") each comprised of (i) one share of Common
Stock of the Company, par value $.001 per share ("Common Stock"), and (ii) one
warrant to purchase one share of Common Stock in the form of that attached
hereto as EXHIBIT A pursuant to the terms of this Unit Purchase Agreement.

       The Units, the Common Stock, the Warrant and the shares issuable upon
exercise of the Warrant ("Warrant Shares") are sometimes referred to
collectively herein as the "Securities."

Section 1. SUBSCRIPTION OF THE PURCHASER.

       1.1 PURCHASE OF UNITS. The Purchaser hereby irrevocably agrees,
represents and warrants with, to and for the benefit of the Company, that such
Purchaser is executing this Unit Purchase Agreement ("Agreement") to purchase
_______ Units from the Company ("Units"), with each Unit consisting of (i) one
share of Common Stock of the Company and (ii) one Warrant to purchase one share
of Common Stock of the Company for an exercise price of $0.25 per share, at a
price per Unit of $0.15, resulting in the purchase price and number of Units set
forth on the Purchaser's signature page hereto (the "Offering Price"). The
Purchaser understands that the Company is relying upon the accuracy and
completeness of the information contained herein in complying with its
obligations under federal and state securities and other applicable laws.
Subject to the terms and conditions of this Agreement, upon execution and
delivery hereof by the Purchaser, the Purchaser hereby agrees to purchase the
Units of the Company pursuant to the transaction hereof, and against concurrent
delivery of the purchase price for such Units.

       1.2 ISSUANCE ADJUSTMENT. If the trading price of the Common Stock on the
Over the Counter Bulletin Board closes at or below $.12 for any three
consecutive trading days before (or including) December 31, 2007, additional
Units shall be issued by the Company to the Purchasers such that the number of
Units issued and sold to the Purchasers hereunder shall be adjusted to equal an
Offering Price of $0.12 per Unit.

       1.3 OFFERING. This offering of the Units (the "Offering") is being made
to Purchaser, who shall represent to the Company pursuant to this Agreement that
Purchaser is an "accredited investor," as that term is defined in Regulation D
promulgated under the Securities Act of 1933, as amended (the "Securities Act")
or who has otherwise been qualified as an investor by the Company. All of the
Units offered hereby are being sold by the Company. The Company is offering
Units for the consideration set forth herein. There is no minimum amount
required to close the Offering and the Company shall be entitled to receive any
and all of the Offering proceeds as the investments are made. The minimum
subscription amount is $25,000.

Section 2. THE CLOSING.

       2.1 The closing of the Issuance to Purchaser (the "Closing") shall take
place simultaneously with the execution and delivery of this Agreement at the
offices of Richardson & Patel LLP, 10900 Wilshire Blvd., Suite 500, Los Angeles
California at 4:00 pm PST on December 19, 2007 or such later date and time as
the Company and the Purchaser shall agree.

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       2.2 At the Closing, the Company shall deliver to Purchaser a stock
certificate representing the Common Stock purchased and a Warrant duly executed
by the Company, against receipt by the Company of a wire transfer in an
aggregate amount equal to the purchase price therefor as set forth on the
signature page hereto and the Agreement duly executed by Purchaser. The wire
transfer shall be sent pursuant to the following instructions:

           Bank:          Wells Fargo Bank
                          5340 Kietzke Lane
                          Reno, Nevada 89511
                          (775) 689-6012

           Account Name:  Bullion River Gold Corp.
           Routing No.:   121 000 248
           Account No.:   403 001 3395
           Swift Code:    WFBIUS6S

Section 3. REPRESENTATIONS AND WARRANTIES OF THE COMPANY.

       The Company hereby represents and warrants to Purchaser as follows:

       3.1 ORGANIZATION. The Company is duly organized, validly existing and in
good standing under the laws of the State of Nevada and is qualified to conduct
its business as a foreign corporation in each jurisdiction where the failure to
be so qualified would have a material adverse effect on the Company.

       3.2 AUTHORIZATION OF AGREEMENT, ETC. The execution, delivery and
performance by the Company of this Agreement, the Warrant and each other
document or instrument contemplated hereby or thereby (collectively, the
"Financing Documents") have been duly authorized by all requisite corporate
action by the Company; and this Agreement and each other Financing Document have
been duly executed and delivered by the Company. Each of the Financing
Documents, when executed and delivered by the Company, constitutes the valid and
binding obligation of the Company, enforceable against the Company in accordance
with its terms, subject to applicable bankruptcy, insolvency, reorganization,
fraudulent conveyance, moratorium or other similar laws affecting creditors'
rights and remedies generally, and subject as to enforceability to general
principles of equity (regardless of whether enforcement is sought in a
proceeding at law or in equity).

       3.3 USE OF PROCEEDS. The Company will use the net proceeds from the sale
of the Securities hereunder for working capital purposes.

       3.4 RESERVATION OF SHARES. So long as any of the Warrants remain
outstanding, the Company shall take all action necessary to at all times have
authorized, and reserved for the purpose of issuance, no less than one hundred
percent (100%) of the aggregate number of shares of Common Stock needed to
provide for the issuance of the Warrant Shares.

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       3.5 ISSUANCE OF SHARES. The Common Stock to be issued and the Warrant to
be granted at the Closing have been duly authorized by all necessary corporate
action and the Common Stock, when paid for or issued in accordance with the
terms hereof, shall be validly issued and outstanding, fully paid and
nonassessable. When the Warrant Shares are issued in accordance with the terms
of the Warrant, such shares will be duly authorized validly issued and
outstanding, fully paid and nonassessable, and the holder shall be entitled to
all rights accorded to a holder of Common Stock.

Section 4. REPRESENTATIONS AND WARRANTIES OF PURCHASER.

       Purchaser hereby represents and warrants to the Company as follows:

       4.1 AUTHORIZATION OF THE DOCUMENTS. Purchaser has all requisite power and
authority (corporate or otherwise) to execute, deliver and perform the Financing
Documents and the transactions contemplated thereby, and the execution, delivery
and performance by Purchaser of the Financing Documents have been duly
authorized by all requisite action by Purchaser and each such Financing
Document, when executed and delivered by Purchaser, constitutes a valid and
binding obligation of Purchaser, enforceable against Purchaser in accordance
with its terms, subject to applicable bankruptcy, insolvency, reorganization,
fraudulent conveyance, moratorium or other similar laws affecting creditors'
rights and remedies generally, and subject, as to enforceability, to general
principles of equity (regardless of whether enforcement is sought in a
proceeding at law or in equity).

       4.2 REPRESENTATION OF ACCREDITED INVESTOR STATUS, INVESTMENT EXPERIENCE
AND ABILITY TO BEAR RISK. Purchaser acknowledges that the Offering has not been
registered with the Securities and Exchange Commission because the Company is
relying on an exemption from registration under Section 4(2) of the Securities
Act and Regulation D promulgated thereunder. Purchaser believes that at the time
of the sale of the Units to Purchaser, Purchaser (or, if Purchaser is a
corporation, limited liability company or trust, each of its equity owners)
qualifies as an "accredited investor" (as defined under Rule 501 of Regulation D
promulgated under the Securities Act) using the following qualification factors
(check all appropriate items):

(__)   $1,000,000 NET WORTH TEST:

I, Purchaser, am a natural person and my individual net worth, or joint net
worth with my spouse (if any), inclusive of home, furnishings and automobiles,
at the time of this purchase is in excess of $1,000,000.

(__)   $200,000 INDIVIDUAL/$300,000 JOINT ANNUAL INCOME TEST:

I, Purchaser, am a natural person and my individual annual gross income
(exclusive of my spouse's income) has been in excess of $200,000 in each of the
two most recent tax years, and I reasonably expect individual annual gross
income (exclusive of my spouse's income) to be in excess of $200,000 for the
current tax year; or I am a natural person and my joint annual gross income
(including my spouse's annual gross income) has been in excess of $300,000 in
each of the two most recent tax years, and I reasonably expect our joint annual
gross incomes to be in excess of $300,000 for the current tax year.

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("Income" under this test is defined as adjusted gross income for federal income
tax purposes plus (i) deductions for long-term capital gains under the Internal
Revenue Code; (ii) deductions for depletion under section 611 et seq. of the
Code; (iii) any exclusion for interest received on tax-exempt securities; and
(iv) any losses of a Company allocated to the individual limited partners of the
Company as reported on Form 1040).

(__)   BANK OR INVESTMENT COMPANY TEST:

Purchaser is a bank as defined in section 3(a)(2) of the Securities Act, or any
savings and loan association or other institution as defined in section
3(a)(5)(A) of the Securities Act, whether acting in its individual or fiduciary
capacity; or is a broker or dealer registered pursuant to section 15 of the
Securities Exchange Act of 1934; or is an insurance company as defined in
section 2(13) of the Securities Act; or is any investment company registered
under the Investment Corporation Act of 1940, or a business development company
as defined in section 2(a)(48) of that Act; or is a Small Business Investment
Corporation licensed by the U.S. Small Business Administration under section
301(c) or (d) of the Small Business Investment Act of 1958; is a plan
established and maintained by a state, its political subdivision, or any agency
or instrumentality of a state or its political subdivisions, for the benefit of
its employees, if such plan has total assets in excess of $5,000,000; or is an
employee benefit plan within the meaning of the employee Retirement Income
Security Act of 1974, if the investment decision is made by a plan fiduciary, as
defined in section 3(21) of such Act, which is either a bank, savings and loan
association, insurance company, or registered investment adviser, or if the
employee benefit plan has total assets in excess of $5,000,000, or, if a
self-directed plan, with investment decisions made solely by persons that are
accredited investors.

(__)   PRIVATE BUSINESS DEVELOPMENT CORPORATION TEST:

Purchaser is a private business development company as defined in section
202(a)(22) of the Investment Advisors Act of 1940.

(__)   IRC SECTION 501(c)(3) ORGANIZATION TEST:

Purchaser is an organization described in Section 501(c)(3) of the Internal
Revenue Code, corporation, Massachusetts or similar business trust, or Company,
not formed for the specific purpose of acquiring the securities being offered,
with total assets in excess of $5,000,000.

(__)   DIRECT RELATIONSHIP TO ISSUER TEST:

Purchaser is a director, executive officer, partner or manager of the Company of
the securities being offered or sold, or any director, executive officer or
manager of a partner or partner of that issuer.

(__)   $5,000,000 NONINVESTMENT TRUST TEST:

Purchaser is a trust with total assets in excess of $5,000,000 not formed for
the specific purpose of acquiring the securities being offered, whose purchase
is directed by a "sophisticated person" as described in section
230.506(b)(2)(ii).

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(__)   EQUITY ENTITY COMPRISED OF ACCREDITED INVESTORS TEST:

Purchaser is any equity entity in which all of the equity owners are accredited
investors as defined above. Purchaser has had one of the persons responsible for
overseeing and/or managing one or more of Purchaser's financial accounts
complete the attestation in Section D hereof in order to verify the information
in this Section 4:

Yes _________           No _________

In addition, Purchaser is knowledgeable and experienced with respect to the
financial and business activities contemplated by the Company and is capable of
evaluating the risks and merits of investing in the Units and, in making a
decision to proceed with this investment, has not relied upon any
representations, warranties or agreements, other than those set forth in this
Agreement and can bear the economic risk of an investment in the Company for an
indefinite period of time, and can afford to suffer the complete loss thereof.

       4.3 U.S.A. PATRIOT ACT REPRESENTATIONS.

            (A) Purchaser represents, warrants and covenants that Purchaser:

           [_____] (i)(a) is subscribing for the Securities for Purchaser's own
account, own risk and own beneficial interest, (b) is not acting as an agent,
representative, intermediary, nominee or in a similar capacity for any other
person or entity, nominee account or beneficial owner, whether a natural person
or entity (each such natural person or entity, an "Underlying Beneficial Owner")
and no Underlying Beneficial Owner will have a beneficial or economic interest
in the Securities being purchased by Purchaser (whether directly or indirectly,
including without limitation, through any option, swap, forward or any other
hedging or derivative transaction), (c) if it is an entity, including, without
limitation, a fund-of-funds, trust, pension plan or any other entity that is not
a natural person (each, an "Entity"), has carried out thorough due diligence as
to and established the identities of such Entity's investors, directors,
officers, trustees, beneficiaries and grantors (to the extent applicable, each a
"Related Person" of such Entity), holds the evidence of such identities, will
maintain all such evidence for at least five years from the date of Purchaser's
resale or other disposition of all the Securities, will request such additional
information as the Company may require to verify such identities as may be
required by applicable law, and will make such information available to the
Company upon its request, and (d) does not have the intention or obligation to
sell, pledge, distribute, assign or transfer all or a portion of the Securities
to any Underlying Beneficial Owner or any other person; OR (CHECK AND INITIAL
ONE BOX)

           [_____] (ii)(a) is subscribing for the Securities as a record owner
and will not have a beneficial ownership interest in the Securities, (b) is
acting as an agent, representative, intermediary, nominee or in a similar
capacity for one or more Underlying Beneficial Owners (as defined in (A)(i)(a)
above), and understands and acknowledges that the representations, warranties
and agreements made in the Financing Documents are made by Purchaser with
respect to both Purchaser and the Underlying Beneficial Owner(s), (c) has all
requisite power and authority from the Underlying Beneficial Owner(s) to execute
and perform the obligations under the Financing Documents, (d) has carried out
thorough due diligence as to and established the identities of all Underlying
Beneficial Owners (and, if an Underlying Beneficial Owner is not a natural
person, the identities of such Underlying Beneficial Owner's Related Persons (to
the extent applicable)), holds the evidence of such identities, will maintain
all such evidence for at least five years from the date of Purchaser's resale or
other disposition of all the Securities, and will make such information
available to the Company upon its request and (e) does not have the intention or
obligation to sell, pledge, distribute, assign or transfer all or a portion of
the Securities to any person other than the Underlying Beneficial Owner(s).

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            (B) Purchaser hereby represents and warrants that the proposed
investment in the Company that is being made on its own behalf or, if
applicable, on behalf of any Underlying Beneficial Owners does not directly or
indirectly contravene United States federal, state, local or international laws
or regulations applicable to Purchaser, including anti-money laundering laws (a
"Prohibited Investment").

            (C) Federal regulations and Executive Orders administered by the
U.S. Treasury Department's Office of Foreign Assets Control ("OFAC") prohibit,
among other things, the engagement in transactions with, and the provision of
services to, certain foreign countries, territories, entities and individuals.
The lists of OFAC prohibited countries, territories, persons and entities can be
found on the OFAC website at (www.treas.gov/ofac). Purchaser hereby represents
and warrants that neither Purchaser nor, if applicable, any Underlying
Beneficial Owner or Related Person, is a country, territory, person or entity
named on an OFAC list, nor is Purchaser nor, if applicable, any Underlying
Beneficial Owner or Related Person, a natural person or entity with whom
dealings are prohibited under any OFAC regulations.

            (D) Purchaser represents and warrants that neither Purchaser nor, if
applicable, any Underlying Beneficial Owner or Related Person, is a senior
foreign political figure, or any immediate family member or close associate of a
senior foreign political figure within the meaning of, and applicable guidance
issued by the Department of the Treasury concerning, the U.S. Bank Secrecy Act
(31 U.S.C. ss.5311 et seq.), as amended, and any regulations promulgated
thereunder.

            (E) Purchaser agrees promptly to notify the Company should Purchaser
become aware of any change in the information set forth in paragraphs (A)
through (D).

            (F) Purchaser agrees to indemnify and hold harmless the Company, its
affiliates, their respective directors, officers, shareholders, employees,
agents and representatives (each, an "Indemnitee") from and against any and all
losses, liabilities, damages, penalties, costs, fees and expenses (including
legal fees and disbursements) (collectively, "Damages") which may result,
directly or indirectly, from Purchaser's misrepresentations or misstatements
contained herein or breaches hereof relating to paragraphs (A) through (D).

            (G) Purchaser understands and agrees that, notwithstanding anything
to the contrary contained in any document (including any side letters or similar
agreements), if, following Purchaser's investment in the Company, it is
discovered that the investment is or has become a Prohibited Investment, such
investment may immediately be redeemed by the Company or otherwise be subject to
the remedies required by law, and Purchaser shall have no claim against any
Indemnitee for any form of Damages as a result of such forced redemption or
other action.

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            (H) Upon the written request from the Company, Purchaser agrees to
provide all information to the Company to enable the Company to comply with all
applicable anti-money laundering statutes, rules, regulations and policies,
including any policies applicable to a portfolio investment held or proposed to
be held by the Company. Purchaser understands and agrees that the Company may
release confidential information about Purchaser and, if applicable, any
Underlying Beneficial Owner(s) or Related Person(s) to any person, if the
Company, in its sole discretion, determines that such disclosure is necessary to
comply with applicable statutes, rules, regulations and policies.

       4.4 RISK FACTORS. The Purchaser understands and acknowledges that the
purchase of the Securities involves a number of significant risks, and that the
Purchaser may lose the Purchaser's entire investment in the Securities.
Purchaser has read the Company's various filings and reports on file and
publicly available with the Securities and Exchange Commission including the
Company's financial statements included therein.

       4.5 RESTRICTED STOCK. Purchaser understands and acknowledges that the
Securities have not been, and when issued will not be, registered with the
Securities and Exchange Commission. Further, the Purchaser understands and
acknowledges that the certificates representing the Common Stock and the Warrant
Shares, when issued, shall bear a restrictive legend.

Section 5. CONDITIONS AT CLOSING.

       5.1 PRECEDENT TO THE OBLIGATION OF THE COMPANY TO SELL THE SECURITIES.
The obligation hereunder of the Company to issue and sell the Securities to the
Purchaser is subject to the satisfaction or waiver, at or before the Closing, of
each of the conditions set forth below. These conditions are for the Company's
sole benefit and may be waived by the Company at any time in its sole
discretion.

            (A) ACCURACY OF THE PURCHASER'S REPRESENTATIONS AND WARRANTIES. The
representations and warranties of the Purchaser shall be true and correct in all
material respects as of the date when made and as of the Closing Date as though
made at that time, except for representations and warranties that are expressly
made as of a particular date, which shall be true and correct in all material
respects as of such date.

            (B) PERFORMANCE BY THE PURCHASER. The Purchaser shall have
performed, satisfied and complied in all respects with all covenants, agreements
and conditions required by this Agreement to be performed, satisfied or complied
with by the Purchaser at or prior to the Closing.

            (C) DELIVERY OF PURCHASE PRICE. The Purchase Price for the
Securities has been delivered to the Company at the Closing Date.

            (D) DELIVERY OF TRANSACTION DOCUMENTS. The Transaction Documents
shall have been duly executed and delivered to the Company by the Purchaser.

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            (E) WAIVER. The Company shall have received a waiver from the
holders of $4,000,000 of convertible promissory notes and warrants of the
Company ("Debt Holders"), whereby the Debt Holders shall have waived all "reset"
and antidilution rights in the promissory notes and warrants held by them with
respect to this $1,500,000 Unit financing. The form of the waiver is attached
hereto as EXHIBIT B.

       5.2 CONDITIONS PRECEDENT TO THE OBLIGATION OF THE PURCHASER TO PURCHASE
THE SECURITIES. The obligation hereunder for the Purchaser to acquire and pay
for the Securities is subject to the satisfaction or waiver, at or before the
Closing, of each of the conditions set forth below. These conditions are for the
Purchaser's sole benefit and may be waived by the Purchaser at any time in its
sole discretion.

            (A) ACCURACY OF THE COMPANY'S REPRESENTATIONS AND WARRANTIES. Each
of the representations and warranties of the Company in this Agreement shall be
true and correct in all material respects as of the date when made and as of the
Closing Date as though made at that time (except for representations and
warranties that are expressly made as of a particular date), which shall be true
and correct in all material respects as of such date.

            (B) PERFORMANCE BY THE COMPANY. The Company shall have performed,
satisfied and complied in all material respects with all covenants, agreements
and conditions required by this Agreement to be performed, satisfied or complied
with by the Company at or prior to the Closing.

            (C) DELIVERY OF TRANSACTION DOCUMENTS. The Transaction Documents
shall have been duly executed and delivered by the Company to the Purchaser.

            (D) WAIVERS. The Company shall have received a waiver from the
holders of $4,000,000 of convertible promissory notes and warrants of the
Company ("Debt Holders"), whereby the Debt Holders shall have waived all "reset"
and antidilution rights in the promissory notes and warrants held by them with
respect to this $1,500,000 Unit financing. The form of the waiver is attached
hereto as EXHIBIT B.

Section 6. BROKERS AND FINDERS.

       The Company shall not be obligated to pay any commission, brokerage fee
or finder's fee based on any alleged agreement or understanding between
Purchaser and a third person in respect of the transactions contemplated hereby.
Purchaser hereby agrees to indemnify the Company against any claim by any third
person for any commission, brokerage or finder's fee or other payment with
respect to this Agreement or the transactions contemplated hereby based on any
alleged agreement or understanding between Purchaser and such third person,
whether express or implied from the actions of Purchaser.

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Section 7. INDEMNIFICATION.

       Purchaser hereby agrees to indemnify and defend (with counsel acceptable
to the Company) the Company and its officers, directors, employees and agents
and hold them harmless from and against any and all liability, loss, damage,
cost or expense, including costs and reasonable attorneys' fees, incurred on
account of or arising from:

       (i) Any breach of or inaccuracy in Purchaser's representations,
warranties or agreements herein or in the Financing Documents; and

       (ii) Any action, suit or proceeding based on a claim that any of
Purchaser's representations and warranties in the Financing Documents were
inaccurate or misleading, or otherwise cause for obtaining damages or redress
from the Company or any officer, director, employee or agent of the Company
under the Securities Act.

Section 8. SUCCESSORS AND ASSIGNS.

       This Agreement shall bind and inure to the benefit of the Company,
Purchaser and their respective successors and assigns.

Section 9. ENTIRE AGREEMENT.

       This Agreement and the other writings and agreements referred to in this
Agreement or delivered pursuant to this Agreement contain the entire
understanding of the parties with respect to the subject matter hereof and
supersedes all prior agreements and understandings among the parties with
respect thereto.

Section 10. NOTICES.

       All notices, demands and requests of any kind to be delivered to any
party in connection with this Agreement shall be in writing and shall be deemed
to have been duly given if personally delivered or if sent by
internationally-recognized overnight courier or by registered or certified mail,
return receipt requested and postage prepaid, addressed as follows:

       if to the Company, to:

                  Bullion River Gold Corp.
                  3500 Lakeside Court, Suite 200
                  Reno, Nevada 89509
                  Tel. No.: (775) 324-4811
                  Fax No.: (775) 324-7893
                  Attention: Peter M. Kuhn, CEO

                  with a copy to:

                  Richardson & Patel LLP
                  10900 Wilshire Blvd., Suite 500
                  Los Angeles, CA 90024
                  Tel. No.: (310) 208-1182
                  Fax No.: (310) 208-1154
                  Attention: Jennifer A. Post, Esq.

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                  if to Purchaser, to:

                the address of Purchaser set forth on the signature page hereto;

or to such other address as the party to whom notice is to be given may have
furnished to the other parties to this Agreement in writing in accordance with
the provisions of this SECTION 10. Any such notice or communication shall be
deemed to have been received (i) in the case of personal delivery, on the date
of such delivery, (ii) in the case of internationally-recognized overnight
courier, on the next business day after the date when sent and (iii) in the case
of mailing, on the third business day following that on which the piece of mail
containing such communication is posted.

Section 11. AMENDMENTS.

       This Agreement may not be modified or amended, or any of the provisions
of this Agreement waived, except by written agreement of the Company and
Purchaser.

Section 12. GOVERNING LAW; WAIVER OF JURY TRIAL.

       All questions concerning the construction, interpretation and validity of
this Agreement shall be governed by and construed and enforced in accordance
with the domestic laws of Nevada without giving effect to any choice or conflict
of law provision or rule (whether in the State of Nevada or any other
jurisdiction) that would cause the application of the laws of any jurisdiction
other than the State of Nevada. In furtherance of the foregoing, the internal
law of the State of Nevada will control the interpretation and construction of
this Agreement, even if under such jurisdiction's choice of law or conflict of
law analysis, the substantive law of some other jurisdiction would ordinarily or
necessarily apply.

       BECAUSE DISPUTES ARISING IN CONNECTION WITH COMPLEX FINANCIAL
TRANSACTIONS ARE MOST QUICKLY AND ECONOMICALLY RESOLVED BY AN EXPERIENCED AND
EXPERT PERSON AND THE PARTIES WISH APPLICABLE LAWS TO APPLY (RATHER THAN
ARBITRATION RULES), THE PARTIES DESIRE THAT THEIR DISPUTES BE RESOLVED BY A
JUDGE APPLYING SUCH APPLICABLE LAWS. THEREFORE, TO ACHIEVE THE BEST COMBINATION
OF THE BENEFITS OF THE JUDICIAL SYSTEM AND OF ARBITRATION, THE PARTIES HERETO
WAIVE ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, SUIT OR PROCEEDING BROUGHT TO
ENFORCE OR DEFEND ANY RIGHTS OR REMEDIES UNDER THIS AGREEMENT OR ANY DOCUMENTS
RELATED HERETO.

Section 13. SUBMISSION TO JURISDICTION.

       Any legal action or proceeding with respect to this Agreement or the
other Financing Documents may be brought in the courts of the State of
California and the United States of America located in the City of Los Angeles,
California, U.S.A. and, by execution and delivery of this Agreement, the Company
hereby accepts for itself and in respect of its property, generally and
unconditionally, the jurisdiction of the aforesaid courts. Purchaser hereby
irrevocably waives, in connection with any such action or proceeding, any
objection, including, without limitation, any objection to the venue or based on
the grounds of forum non conveniens, which it may now or hereafter have to the
bringing of any such action or proceeding in such respective jurisdictions.
Purchaser hereby irrevocably consents to the service of process of any of the
aforementioned courts in any such action or proceeding by the mailing of copies
thereof by registered or certified mail, postage prepaid, to it at its address
as set forth herein.

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Section 14. SEVERABILITY.

       It is the desire and intent of the parties that the provisions of this
Agreement be enforced to the fullest extent permissible under the law and public
policies applied in each jurisdiction in which enforcement is sought.
Accordingly, in the event that any provision of this Agreement would be held in
any jurisdiction to be invalid, prohibited or unenforceable for any reason, such
provision, as to such jurisdiction, shall be ineffective, without invalidating
the remaining provisions of this Agreement or affecting the validity or
enforceability of such provision in any jurisdiction. Notwithstanding the
foregoing, if such provision could be more narrowly drawn so as not to be
invalid, prohibited or unenforceable in such jurisdiction, it shall, as to such
jurisdiction, be so narrowly drawn, without invalidating the remaining
provisions of this Agreement or affecting the validity or enforceability of such
provision in any other jurisdiction.

Section 15. INDEPENDENCE OF AGREEMENTS, COVENANTS, REPRESENTATIONS AND
WARRANTIES.

       All agreements and covenants hereunder shall be given independent effect
so that if a certain action or condition constitutes a default under a certain
agreement or covenant, the fact that such action or condition is permitted by
another agreement or covenant shall not affect the occurrence of such default,
unless expressly permitted under an exception to such covenant. In addition, all
representations and warranties hereunder shall be given independent effect so
that if a particular representation or warranty proves to be incorrect or is
breached, the fact that another representation or warranty concerning the same
or similar subject matter is correct or is not breached will not affect the
incorrectness of or a breach of a representation and warranty hereunder. The
exhibits and any schedules attached hereto are hereby made part of this
Agreement in all respects.

Section 16. COUNTERPARTS.

       This Agreement may be executed in any number of counterparts, and each
such counterpart of this Agreement shall be deemed to be an original instrument,
but all such counterparts together shall constitute but one agreement. Facsimile
counterpart signatures to this Agreement shall be acceptable and binding.

Section 17. HEADINGS.

       The section and paragraph headings contained in this Agreement are for
reference purposes only and shall not affect in any way the meaning or
interpretation of this Agreement.

Section 18. EXPENSES.

       Purchaser shall pay Purchaser's own fees and expenses incurred in
connection with the preparation, negotiation, execution and delivery of the
Financing Documents.

                                       11
<PAGE>

Section 19. PREPARATION OF AGREEMENT.

       The Company, or its counsel, prepared this Agreement the Subscription
Application and the Warrant solely on the Company's behalf. Each party to this
Agreement acknowledges that: (i) the party had the advice of, or sufficient
opportunity to obtain the advice of, legal counsel separate and independent of
legal counsel for any other party hereto; (ii) the terms of the transactions
contemplated by this Agreement are fair and reasonable to such party; and (iii)
such party has voluntarily entered into the transactions contemplated by this
Agreement without duress or coercion. Each party further acknowledges that such
party was not represented by the legal counsel of any other party hereto in
connection with the transactions contemplated by this Agreement, nor was he or
it under any belief or understanding that such legal counsel was representing
his or its interests. Each party agrees that no conflict, omission or ambiguity
in this Agreement, or the interpretation thereof, shall be presumed, implied or
otherwise construed against any other party to this Agreement on the basis that
such party was responsible for drafting this Agreement.

                                    * * * * *

                                       12
<PAGE>

       IN WITNESS WHEREOF, each of the undersigned has duly executed this Unit
Purchase Agreement as of the date first written above.

                                        COMPANY:

                                        BULLION RIVER GOLD CORP.

                                        By:
                                            ------------------------------------
                                            Name: Peter M. Kuhn
                                            Title: Chief Executive Officer

PURCHASER:

--------------------------------            ------------------------------------
Name of Purchaser (Individual or            Name of Individual representing
Institution)                                Purchaser (if an Institution)

--------------------------------            ------------------------------------
Title of Individual representing            Signature of Individual Purchaser or
Purchaser (if an Institution)               Individual representing Purchaser

                                            Address:

                                            ------------------------------------

                                            Telephone:

                                            ------------------------------------

                                            Facsimile:

                                            ------------------------------------
Purchase Price $______________

Number of Units: _____________

<PAGE>

                                    EXHIBIT A
                                    ---------

                                     WARRANT

<PAGE>

NEITHER THIS SECURITY NOR THE SECURITIES INTO WHICH THIS SECURITY IS EXERCISABLE
HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE
SECURITIES COMMISSION OF ANY STATE. THESE SECURITIES ARE ISSUED IN RELIANCE UPON
AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933 (THE "SECURITIES
ACT"), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN
EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN
AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION
REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE
SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL TO THE TRANSFEROR TO
SUCH EFFECT, THE SUBSTANCE OF WHICH WILL BE REASONABLY ACCEPTABLE TO THE
COMPANY.

                          COMMON STOCK PURCHASE WARRANT
                             #_____________________

                TO PURCHASE __________ SHARES OF COMMON STOCK OF

                            BULLION RIVER GOLD CORP.

                              DATED: ______________

       THIS COMMON STOCK PURCHASE WARRANT (the "WARRANT") certifies that, for
value received, _____________ (the "HOLDER"), is entitled, upon the terms and
subject to the limitations on exercise and the conditions hereinafter set forth,
at any time on or after the date given above (the "INITIAL EXERCISE DATE") and
by the close of business on the second anniversary of the Initial Exercise Date
(the "TERMINATION DATE") but not thereafter, to subscribe for and purchase from
Bullion River Gold Corp., a Nevada corporation (the "COMPANY"), up to
____________ shares (the "WARRANT SHARES") of common stock, par value $0.001 per
share, of the Company (the "COMMON STOCK"). The purchase price of one share of
Common Stock under this Warrant is equal to the Exercise Price, as defined in
Section 2(a).

1.     DEFINITIONS. Capitalized terms used and not otherwise defined in this
       Warrant have the same meanings as they have in the Unit Purchase
       Agreement (the "PURCHASE AGREEMENT"), dated ____________, among the
       Company and the Holder as Purchaser.

2.     EXERCISE.

       (a)    EXERCISE PRICE. The exercise price of the Common Stock under this
              Warrant is $0.25.

       (b)    EXERCISE OF WARRANT. The Holder may exercise the purchase rights
              represented by this Warrant at any time from the Initial Exercise
              Date to five o'clock in the afternoon, Pacific Standard Time, on
              the Termination Date by delivering to the Company (i) a duly
              executed facsimile copy of the annexed Exercise Notice (attached
              hereto as Exhibit A), and, (ii) within 5 Trading Days of
              delivering the Exercise Notice to the Company, (A) this Warrant,
              and (B) with payment to the Company of the Exercise Price (the
              "EXERCISE AMOUNT").

       (c)    EXERCISE LIMITATIONS.

              (i) The Holder may not exercise any portion of this Warrant if,
              immediately after the Warrant Shares are issued, the Holder
              (together with the Holder's Affiliates) would beneficially own
              more than 4.99% of the number of shares of the Common Stock
              outstanding. For the purposes of the foregoing sentence, the
              number of shares of Common Stock beneficially owned by the Holder
              and its Affiliates includes the number of shares of Common Stock
              issuable upon the exercise of this Warrant, but excludes the
              number of shares of Common Stock that would be issuable upon (i)
              the Holder's exercise of the remaining, unexercised portion of
              this Warrant and (ii) the Holder's or its Affiliates' exercise or
              conversion of the unexercised or nonconverted portion of any other
              securities of the Company that the Holder or any of its Affiliates
              own beneficially. Except as set forth in the foregoing sentence,
              for the purposes of this Section 2(b), beneficial ownership must
              be calculated in accordance with Section 13(d) of the Securities
              and Exchange Act of 1934 ("EXCHANGE ACT").

                                       1
<PAGE>

              (ii) The Holder acknowledges that the Company is not representing
              to Holder that the calculation described in Section 2(c) complies
              with Section 13(d) of the Exchange Act and Holder is solely
              responsible for any schedules required to be filed in accordance
              with it. The determination of whether this Warrant is exercisable
              (in relation to other securities owned by the Holder and its
              Affiliates) is in the sole discretion of the Holder, and the
              submission of an Exercise Notice is deemed to be the Holder's
              declaration that the Holder has determined that this Warrant is
              exercisable as set out in the Exercise Notice and subject to the
              limitations in this Section 2(b); and the Company is not obliged
              to verify or confirm the accuracy of the Holder's determination.

              (iii) For the purposes of this Section 2(b), in determining the
              number of outstanding shares of Common Stock, the Holder may rely
              on the number of outstanding shares of Common Stock as reflected
              in the most recent of (A) the latest filed of the Company's Form
              10-QSB and Form 10-KSB, (B) a public announcement by the Company
              stating the number of shares of Common Stock outstanding, or (C)
              any other notice by the Company or the Company's Transfer Agent
              stating the number of shares of Common Stock outstanding. If
              Holder asks for it, the Company will within two Trading Days
              confirm orally and in writing to the Holder the number of shares
              of Common Stock then outstanding.

       (d)    MECHANICS OF EXERCISE.

              (i) CASH PAYMENT. Payment may be made either in cash or by
              certified or official bank check payable to the order of the
              Company equal to the applicable aggregate Exercise Price for the
              number of shares of Common Stock specified in the Exercise Notice
              (as such exercise number shall be adjusted to reflect any
              adjustment in the total number of shares of Common Stock issuable
              to the Holder per the terms of this Warrant) and the Holder shall
              thereupon be entitled to receive the number of duly authorized,
              validly issued, fully-paid and non-assessable shares of Common
              Stock determined as provided herein.

              (ii) CASHLESS EXERCISE.

                     (1) Payment upon exercise may be made at the option of the
                     Holder either (i) in cash as described in Section (d)(i)
                     above, or (ii) cashlessly in accordance with Section
                     (d)(ii)(2) below, or (iii) by a combination of either of
                     the foregoing methods, for the number of shares of Common
                     Stock specified in the Exercise Notice (as such exercise
                     number is adjusted to reflect any adjustment in the total
                     number of shares of Common Stock issuable to the Holder
                     under the terms of this Warrant) and the Holder shall
                     thereupon be entitled to receive the number of duly
                     authorized, validly issued, fully paid and non-assessable
                     shares of Common Stock determined as provided herein.

                     (2) If the Fair Market Value (defined below) of one share
                     of Common Stock is greater than the Exercise Price (at the
                     date of calculation as set forth below), in lieu of
                     exercising this Warrant for cash, the Holder may elect to
                     receive shares equal to the value (as determined below) of
                     this Warrant (or the portion thereof being exercised) by
                     surrender of this Warrant at the principal office of the
                     Company together with the properly endorsed Exercise Notice
                     in which event the Company shall issue to the Holder a
                     number of shares of Common Stock computed using the
                     following formula:

                                    X=Y (A-B)
                                      -------
                                         A

                                       2
<PAGE>

                     Where: X = the number of shares of Common Stock to be
                                issued to the Holder

                            Y = the number of shares of Common Stock purchasable
                                under the Warrant or, if only a portion of the
                                Warrant is being exercised, the portion of the
                                Warrant being exercised (at the date of such
                                calculation)

                            A = the Fair Market Value of one share of the
                                Company's Common Stock (at the date of such
                                calculation)

                            B = Exercise Price (as adjusted to the date of such
                                calculation)

                     (3) The Holder may employ the cashless exercise feature
                     described in Section (2) above only if the shares
                     underlying the Warrant are not registered.

                     (4) For purposes of Rule 144 promulgated under the 1933
                     Act, it is intended, understood and acknowledged that the
                     Warrant Shares issued in a cashless exercise transaction
                     shall be deemed to have been acquired by the Holder, and
                     the holding period for the Warrant Shares shall be deemed
                     to have commenced, on the date this Warrant was originally
                     issued pursuant to the Purchase Agreement.

                     (5) Fair Market Value. Fair Market Value of a share of
                     Common Stock as of a particular date (the "Determination
                     Date") shall mean:

                            (a) If the Company's Common Stock is traded on an
                            exchange or is quoted on the National Association of
                            Securities Dealers, Inc. Automated Quotation
                            ("NASDAQ"), National Market System, the NASDAQ
                            SmallCap Market or the American Stock Exchange, LLC,
                            then the closing or last sale price, respectively,
                            reported for the last business day immediately
                            preceding the Determination Date;

                            (b) If the Company's Common Stock is not traded on
                            an exchange or on the NASDAQ National Market System,
                            the NASDAQ SmallCap Market or the American Stock
                            Exchange, Inc., but is traded in the
                            over-the-counter market, then the average of the
                            closing bid and ask prices reported for the last
                            business day immediately preceding the Determination
                            Date; or

                            (c) If the Company's Common Stock is not publicly
                            traded, then as the Holder and the Company agree, or
                            in the absence of such an agreement, by arbitration
                            in accordance with the rules then standing of the
                            American Arbitration Association, before a single
                            arbitrator to be chosen from a panel of persons
                            qualified by education and training to pass on the
                            matter to be decided.

       (e) AUTHORIZATION OF WARRANT SHARES. The Company will issue all Warrant
       Shares as duly authorized, validly issued, fully paid and non-assessable,
       and free from all taxes, liens and charges (other than taxes in respect
       of any transfer occurring contemporaneously with the issue).

       (f) DELIVERY OF CERTIFICATES UPON EXERCISE. The Company's transfer agent
       will deliver certificates for Warrant Shares to the Holder to the address
       specified by the Holder in the Exercise Notice within 5 Trading Days from
       the later of (A) the Company's receipt of the Exercise Notice, (B) the
       Holder's surrender of this Warrant, and (C) the Company's receipt of the
       Exercise Amount as set out in Section 2(b) ("WARRANT SHARE DELIVERY
       DATE"). This Warrant is deemed to have been exercised on the date the
       Exercise Amount is received by the Company ("EXERCISE DATE"); and the
       Warrant Shares are deemed to have been issued, and Holder is deemed to
       have become a holder of record of the shares for all purposes, on the
       Exercise Date.

                                       3
<PAGE>

       (g) DELIVERY OF NEW WARRANTS UPON EXERCISE. If this Warrant is exercised
       in part, the Company will, when it delivers the certificate or
       certificates representing Warrant Shares, deliver to Holder a new Warrant
       evidencing the rights of Holder to purchase the unpurchased Warrant
       Shares, identical in all other respects with this Warrant.

       (h) RESCISSION RIGHTS. If the Company fails to cause its transfer agent
       to transmit to the Holder a certificate or certificates representing the
       Warrant Shares pursuant to this Section (h) by the Warrant Share Delivery
       Date, then the Holder may rescind the exercise.

       (i) NO FRACTIONAL SHARES OR SCRIP. No fractional shares or scrip
       representing fractional shares may be issued upon the exercise of this
       Warrant. If the Holder would otherwise be entitled to fractional shares
       upon the exercise, the Company will pay a cash adjustment in respect of
       the fraction in an amount equal to the fraction multiplied by the
       Exercise Price.

       (j) CHARGES, TAXES AND EXPENSES. The Company will issue certificates for
       Warrant Shares in the name of the Holder and will not charge the Holder
       for any issue or transfer tax or other incidental expense in respect of
       the issuance of the certificate.

       (k) CLOSING OF BOOKS. The Company will not close its stockholder books or
       records in any manner that prevents the timely exercise of this Warrant.

3.     CERTAIN ADJUSTMENTS.

       (a) STOCK DIVIDENDS AND SPLITS. If the Company, at any time while this
       Warrant is outstanding, (i) pays a stock dividend or otherwise makes a
       distribution on shares of its Common Stock or any other Common Stock
       Equivalent (which, for avoidance of doubt, does not include any shares of
       Common Stock issued by the Company pursuant to this Warrant), (ii)
       subdivides outstanding shares of Common Stock into a larger number of
       shares, (iii) combines outstanding shares of Common Stock into a smaller
       number of shares, or (iv) issues by reclassification of shares of the
       Common Stock any shares of capital stock of the Company, then the
       Exercise Price must be multiplied by a fraction of which the numerator is
       the number of shares of Common Stock (excluding treasury shares, if any)
       outstanding before the event and of which the denominator is the number
       of shares of Common Stock outstanding after the event, and the number of
       shares issuable upon exercise of this Warrant must be proportionately
       adjusted by this fraction. Any adjustment made pursuant to this Section
       3(a) is effective immediately after the record date for the determination
       of stockholders entitled to receive the dividend or distribution and is
       effective immediately after the effective date in the case of a
       subdivision, combination or re-classification.

       (b) FUNDAMENTAL TRANSACTION. If, at any time while this Warrant is
       outstanding, (i) the Company merges or consolidates with or into another
       Person, (ii) the Company sells all or substantially all of its assets in
       one or a series of related transactions, (iii) any Person completes a
       tender offer or exchange offer by which holders of Common Stock are
       permitted to tender or exchange their shares for other securities, cash
       or property, or (iv) the Company reclassifies its Common Stock or
       completes any compulsory share exchange pursuant to which the Common
       Stock is effectively converted into or exchanged for other securities,
       cash or property (in any such case, a "FUNDAMENTAL TRANSACTION"), then,
       upon any subsequent conversion of this Warrant, the Holder has the right
       to receive, for each Warrant Share that would have been issued upon the
       exercise absent the Fundamental Transaction, the same consideration as
       the Company has given its other holders of its Common Stock for the
       conversion of their Common Stock outstanding at the time of the
       Fundamental Transaction (the "ALTERNATE CONSIDERATION"). Any successor to
       the Company or surviving entity in a Fundamental Transaction must issue
       to the Holder a new warrant consistent with the foregoing provisions with
       evidence of the Holder's right to exercise the warrant into Alternate
       Consideration. The terms of any agreement pursuant to which a Fundamental
       Transaction is completed must include terms requiring the successor or
       surviving entity to comply with the provisions of this Section 3(b) and
       insuring that this Warrant (or any replacement security) is similarly
       adjusted upon any subsequent transaction analogous to a Fundamental
       Transaction.

                                       4
<PAGE>

       (c) CALCULATIONS. All calculations under this Section 3 must be made to
       the nearest cent or the nearest 1/100th of a share, as the case may be.
       The number of shares of Common Stock outstanding at any given time does
       not include shares of Common Stock owned or held by or for the account of
       the Company. For the purposes of this Section 3, the number of shares of
       Common Stock deemed to be issued and outstanding as of a given date is
       the sum of the number of shares of Common Stock (excluding treasury
       shares, if any) issued and outstanding.

       (d) NOTICE TO HOLDERS. If the Company makes adjustments under this
       Section 3, the Company will promptly mail to each Holder a notice
       containing a description of the event that required the adjustment. If
       the Company proposes any transaction that affects the rights of the
       holders of its Common Stock, then the Company will notify the Holders of
       the proposal at least twenty days before the record date set for the
       transaction.

4.     WARRANT REGISTER. The Company will register this Warrant on its warrant
       register and will treat the registered Holder as the absolute owner for
       all purposes.

5.     MISCELLANEOUS.

       (a) ASSIGNMENT; EXCHANGE OF WARRANT. Subject to compliance with
       applicable securities laws, this Warrant, and the rights evidenced
       hereby, may be transferred by any registered holder hereof (a
       "Transferor"). On the surrender for exchange of this Warrant, with the
       Transferor's endorsement in the form of Exhibit B attached hereto (the
       "Transferor Endorsement Form") and together with an opinion of counsel
       reasonably satisfactory to the Company that the transfer of this Warrant
       will be in compliance with applicable securities laws, the Company at its
       expense, but with payment by the Transferor of any applicable transfer
       taxes, will issue and deliver to or on the order of the Transferor
       thereof a new Warrant or Warrants of like tenor, in the name of the
       Transferor and/or the transferee(s) specified in such Transferor
       Endorsement Form (each a "Transferee"), calling in the aggregate on the
       face or faces thereof for the number of shares of Common Stock called for
       on the face or faces of the Warrant so surrendered by the Transferor. No
       such transfers shall result in a public distribution of the Warrant.

       (b) NO RIGHTS AS SHAREHOLDER UNTIL EXERCISE DATE. This Warrant does not
       entitle the Holder to any voting rights or other rights as a shareholder
       of the Company before the Exercise Date. Upon the surrender of this
       Warrant and the payment of the aggregate Exercise Price, the Company will
       issue the Warrant Shares to the Holder as the record owner of the Warrant
       Shares as of the close of business on the Exercise Date.

       (c) LOSS, THEFT, DESTRUCTION OR MUTILATION OF WARRANT. The Company
       covenants that upon receipt by the Company of evidence reasonably
       satisfactory to it of the loss, theft, destruction or mutilation of this
       Warrant or any stock certificate relating to the Warrant Shares, and, in
       case of loss, theft or destruction, of indemnity or security reasonably
       satisfactory to it, and upon surrender and cancellation of the Warrant or
       stock certificate, if mutilated, the Company will make and deliver a new
       Warrant or stock certificate of like tenor and dated as of the
       cancellation, in lieu of the Warrant or stock certificate.

       (d) SATURDAYS, SUNDAYS, HOLIDAYS, ETC. If the last date for doing
       anything under this Warrant falls on a Saturday, Sunday or a legal
       holiday, then the thing may be done on the next succeeding Trading Day.

       (e) AUTHORIZED SHARES.

              (i) The Company covenants that, while the Warrant is outstanding,
              it will reserve from its authorized and unissued Common Stock a
              sufficient number of shares to provide for the issuance of the
              Warrant Shares upon the exercise of any purchase rights under this
              Warrant. The Company further covenants that its issuance of this
              Warrant constitutes full authority to its officers who are charged
              with the duty of executing stock certificates to execute and issue
              the necessary certificates for the Warrant Shares upon the
              exercise of the purchase rights under this Warrant. The Company
              will take all such reasonable action as may be necessary to assure
              that the Warrant Shares are issued as provided without a violation
              of any applicable law or regulation, or of any requirements of the
              Trading Market upon which the Common Stock may be listed or
              quoted.

                                       5
<PAGE>

              (ii) Unless waived or consented to by the Holder, the Company will
              not by any action avoid or seek to avoid the observance or
              performance of any of the terms of this Warrant, but will at all
              times in good faith assist in carrying out of all its terms and
              take whatever actions is necessary or appropriate to protect the
              rights of Holder under this Warrant from impairment.

       (f) JURISDICTION. All questions concerning the construction, validity,
       enforcement and interpretation of this Warrant must be determined in
       accordance with the provisions of the Purchase Agreement.

       (g) RESTRICTIONS. The Holder acknowledges that the Holder's sale or
       transfer of the Warrant Shares, if not registered, will be subject to
       restrictions upon resale imposed by state and federal securities laws.

       (h) NO WAIVER. No course of dealing or any delay or failure to exercise
       any right hereunder on the part of Holder operates as a waiver of the
       right or otherwise prejudices Holder's rights, powers or remedies.

       (i) NOTICE. Any notice, request or other document required or permitted
       to be given or delivered by either party to the other must be delivered
       in accordance with the notice provisions of the Purchase Agreement.

       (j) SUCCESSORS AND ASSIGNS. Subject to applicable securities laws, this
       Warrant inures to the benefit of and binds the successors and permitted
       assigns of the Company and the Holder.

       (k) AMENDMENT. Any amendment of this Warrant must be in writing and
       signed by both the Company and the Holder.

       (l) SEVERABILITY. Wherever possible, each provision of this Warrant must
       be interpreted under applicable law, but if any provision of this Warrant
       is prohibited by or invalid under applicable law, the provision is
       ineffective to the extent of the prohibition or invalidity, without
       invalidating the remaining provisions of this Warrant.

       (m) HEADINGS. The headings used in this Warrant are for the convenience
       of reference only and are not, for any purpose, deemed a part of this
       Warrant.

IN WITNESS WHEREOF the Company has caused this Warrant to be executed by its
duly authorized officer.

Dated:

                                        BULLION RIVER GOLD CORP.

                                        By:
                                            ------------------------------------
                                            Name:
                                            Title:

                                       6
<PAGE>

                                    EXHIBIT A

                                 EXERCISE NOTICE
                   (To be signed only on exercise of Warrant)

TO: Bullion River Gold Corp.

The undersigned, pursuant to the provisions set forth in the attached Warrant,
hereby irrevocably elects to purchase (check applicable box):

___    ________ shares of the Common Stock covered by such Warrant; and/or

___    the maximum number of shares of Common Stock covered by such Warrant
       pursuant to the Cashless Exercise procedure set forth in Section
       2(d)(ii).

The undersigned herewith makes payment of the full Exercise Price for such
shares at the price per share provided for in such Warrant, which is an
aggregate of $_______________________. Such payment takes the form of (check
applicable box or boxes):

___    $__________ in lawful money of the United States; and/or

___    the cancellation of such portion of the attached Warrant as is
       exercisable for a total of _______ shares of Common Stock (using a Fair
       Market Value of $_______ per share for purposes of this calculation).

The undersigned requests that the certificates for such shares be issued in the
name of, and delivered to ______________________________________________________
whose address is ______________________________________________________________.

The undersigned represents and warrants that all offers and sales by the
undersigned of the securities issuable upon exercise of the within Warrant shall
be made pursuant to registration of the Common Stock under the Securities Act of
1933, as amended (the "Securities Act") or pursuant to an exemption from
registration under the Securities Act.

Dated: ___________________             _________________________________________
                                       (Signature must conform to name of holder
                                       as specified on the face of the Warrant)

<PAGE>

                                    EXHIBIT B

                         FORM OF TRANSFEROR ENDORSEMENT
                   (To be signed only on transfer of Warrant)

       For value received, the undersigned hereby sells, assigns, and transfers
unto the person(s) named below under the heading "Transferees" the right
represented by the within Warrant to purchase the percentage and number of
shares of Common Stock of BULLION RIVER GOLD CORP. to which the within Warrant
relates specified under the headings "Percentage Transferred" and "Number
Transferred," respectively, opposite the name(s) of such person(s) and appoints
each such person Attorney to transfer its respective right on the books of
BULLION RIVER GOLD CORP. with full power of substitution in the premises.

------------------- ---------------------------- -------------------------------
   Transferees         Percentage Transferred           Number Transferred
------------------- ---------------------------- -------------------------------

------------------- ---------------------------- -------------------------------

------------------- ---------------------------- -------------------------------

------------------- ---------------------------- -------------------------------

Dated: ______________, ____            _________________________________________
                                       (Signature must conform to name of holder
                                       as specified on the face of the warrant)

Signed in the presence of:

___________________________            _________________________________________
        (Name)                         _________________________________________
                                          (address)

ACCEPTED AND AGREED:                   _________________________________________
[TRANSFEREE]                           _________________________________________
                                          (address)

___________________________
        (Name)

<PAGE>

                                    EXHIBIT B
                                    ---------

                                 FORM OF WAIVER

<PAGE>

                            LIMITED WAIVER AGREEMENT
                            ------------------------

       This Limited Waiver Agreement is entered into as of December 14, 2007,
between Bullion River Gold Corp., a Nevada corporation (the "Company"), and
Elton Participation Corp., a British Virgin Islands corporation ("Elton")
(collectively, the "Parties").

                                    RECITALS

       WHEREAS, on August 3, 2006, the Parties executed a Securities Purchase
Agreement by which the Company agreed to sell, and Elton agreed to buy, a 10%
secured convertible debenture ("Debenture") in the principal amount of
$2,000,000, and a warrant to purchase 2,666,667 shares of common stock of the
Company ("Warrant");

       WHEREAS, on December 1, 2006, the Parties amended the Securities Purchase
Agreement to permit Elton to increase the Debenture by up to $1,000,000 (but not
less than $500,000) to a total of $3,000,000 under the same terms and conditions
of the Securities Purchase Agreement and the Debenture;

       WHEREAS, on March 12, 2007, Elton agreed to buy an additional debenture
for $1,000,000 to a total of $4,000,000 under the same terms and conditions of
the Securities Purchase Agreement and the Debenture (collectively, the
"Debentures");

       WHEREAS, the Debentures initially had a conversion price of $.75 per
share which has been reduced to $.25 pursuant to Section 6, Paragraph 6.2 of the
Debenture in connection with a subsequent financing ("Debenture Conversion
Price");

       WHEREAS, the Warrant initially had an exercise price of $1.00 per share
which has been reduced pursuant to Paragraph 5.2 of the Warrant to $.33 in
connection with a subsequent financing ("Warrant Exercise Price");

         WHEREAS, Section 6, Paragraph 6.2 of the Debentures entitle Elton to
certain anti-dilution rights if the Company or any subsidiary thereof sells,
issues or otherwise disposes of common stock or common stock equivalents at an
effective price per share that is lower than the Debenture Conversion Price
("Dilutive Issuance");

       WHEREAS, Paragraph 5.2 of the Warrant entitles Elton to certain
anti-dilution rights if the Company or any subsidiary thereof sells, issues or
otherwise disposes of common stock or common stock equivalents at an effective
price per share that is lower than the Warrant Exercise Price (also a "Dilutive
Issuance");

       WHEREAS, the Company intends to conduct an offering of units of common
stock and warrants ("Units") up to an amount of $1,500,000 that would be a
further Dilutive Issuance, due to the fact that the common stock sold as part of
the Units will be priced at $.15 per share and the warrants will have an
exercise price of $.25 and such offering will close or terminate not later than
January 2, 2008 ("Financing");

<PAGE>

       WHEREAS, Elton, to facilitate the Company's ability to consummate the
Financing, desires to waive the application of Section 6, Paragraph 6.2 of the
Debenture and Paragraph 5.2 of the Warrant solely to and with respect the
Financing;

       WHEREAS, the Company consents to this limited waiver;

       THEREFORE, the undersigned hereby provides this written waiver.

                                WAIVER OF RIGHTS

       By signing below, Elton hereby agrees to waive, release and rescind the
application and effectiveness of the anti-dilution rights created by Section 6,
Paragraph 6.2 of the Debentures and Paragraph 5.2 of the Warrant solely with
respect to the Financing. Such anti-dilution rights otherwise remain in full
force and effect.

                                  COUNTERPARTS

       This waiver may be executed in one or more counterparts, each of which
shall be deemed an original, but all of which together shall constitute one with
the same instrument.

       WHEREFORE, the parties hereto have executed this agreement effective as
of the date first set forth above.

ELTON PARTICIPATION CORP.

By: _________________________________
Name: Peter-Paul Stengel
Its: President

BULLION RIVER GOLD CORP.

By: _________________________________
Name: Peter M. Kuhn
Its: Chief Executive Officer<PAGE>
                                                                    EXHIBIT 10.1

                 GLOBAL BEVERAGE SOLUTIONS, INC. 2008 STOCK PLAN

1. PURPOSE; DEFINITIONS

       The purpose of the Plan is to support the Company's ongoing efforts to
attract and retain persons of exceptional talent to serve the Company and to
enable the Company to provide equity incentives to the Company's key employees,
officers, directors, contractors, and other service providers.

       For purposes of the Plan, the following terms are defined as set forth
below:

       (a) "AWARD" means any Stock, Stock Option or Restricted Stock award
granted to a key employee, officer, contractor, or other service provider
pursuant to this Plan.

       (b) "BOARD" means the Board of Directors of the Company.

       (c) "CHANGE IN CONTROL" has the meaning given in Section 6.

       (d) "COMMITTEE" means the Board of Directors, or a subcommittee thereof,
any successor thereto, or such other committee or subcommittee as may be
designated by the Board to administer the Plan.

       (e) "COMPANY" means Global Beverage Solutions, Inc. or any subsidiary or
affiliate thereof that is designated by the Committee as participating in the
Plan, or any successor thereto.

       (f) "EXCHANGE ACT" means the Securities Exchange Act of 1934, as amended
from time to time, and any successor thereto.

       (g) "FAIR MARKET VALUE" means, on any date, the value of a share of Stock
as determined by the Committee, using a valuation methodology established by the
Committee that is consistent with Internal Revenue Code of 1986 Section 409A.
Unless otherwise determined by the Committee, the Fair Market Value of a share
of Stock shall be the closing price of a share of Stock as quoted on the last
trading day prior to the date of the Award (i) in the over-the-counter market,
if the Stock is not then listed and traded on a national securities exchange, or
(ii) on the national securities exchange on which the Stock is then listed and
traded.

       (h) "INCENTIVE STOCK OPTION" means any Stock Option intended to qualify
as an incentive stock option under Section 422 of the Internal Revenue Code of
1986, as amended, and any regulations promulgated thereunder.

       (i) "NONQUALIFIED STOCK OPTION" means any Stock Option that is not an
Incentive Stock Option.

       (j) "PLAN" means the Global Beverage Solutions, Inc. 2008 Stock Plan, as
set forth herein and as it may be amended from time to time.

                                       1
<PAGE>

       (k) "RESTRICTED PERIOD" means the period during which an Award may not be
sold, assigned, transferred, pledged or otherwise encumbered.

       (l) "RESTRICTED STOCK" means an Award of shares of Stock pursuant to
Section 5.

       (m) "SPREAD VALUE" means, with respect to a share of Stock subject to a
Stock Option, an amount equal to the excess, if any, of the Fair Market Value on
the date such value is determined, over the Award's exercise price.

       (n) "STOCK" means the common stock, par value $0.001 per share, of the
Company.

       (o) "STOCK OPTION" means an option granted pursuant to Section 5.

2. ADMINISTRATION

       The Plan is administered by the Committee, which will have the power to
interpret the Plan and to adopt such rules and guidelines for carrying out the
Plan as it may deem appropriate. The Committee will have the authority to adopt
such modifications, procedures, and subplans as may be necessary or desirable to
comply with the laws, regulations, compensation practices and tax and accounting
principles of the jurisdictions in which the Company, or any subsidiary or
affiliate may operate to assure the viability of the benefits of Awards made to
individuals employed in such jurisdictions and to meet the objectives of the
Plan.

       Subject to the terms of the Plan, the Committee will have the authority
to determine those individuals eligible to receive Awards and the amount, type
and terms of each Award and to establish and administer any performance goals
applicable to such Awards, provided that the Board may elect, prior to the date
such determinations are made, to make such determinations subject to
ratification by the Board.

       The Committee may delegate its authority and power under the Plan in
whole or in part to one or more officers of the Company, subject to guidelines
prescribed by the Committee and approved by the Board, with respect to
participants who would not be subject to Section 16 of the Exchange Act if the
Stock were registered under Section 12(b) or 12(g) of the Exchange Act.

       Any determination made by the Committee or pursuant to delegated
authority in accordance with the provisions of the Plan with respect to any
Award will be made in the sole discretion of the Committee or such delegate, and
all decisions made by the Committee, or any appropriately designated officer
pursuant to the provisions of the Plan, will be final and binding on all
persons, including the Company and Plan participants, provided that the Board
may elect, prior to the date such determinations or decisions are made, to make
such determinations or decisions subject to ratification by the Board.

                                       2
<PAGE>

3. ELIGIBILITY

       Key employees, officers, and directors of the Company and contractors and
other persons or entities that provide services to the Company, as designated by
the Committee, are eligible to be granted Awards under the Plan.

4. STOCK SUBJECT TO PLAN

       The number of shares of Stock reserved and available for distribution
pursuant to the Plan will be determined by the Committee, but shall not exceed
20,000,000 shares. Any or all of the authorized shares may be issued pursuant to
the exercise of Stock Options awarded under the Plan. If any Award is exercised,
is cashed out, terminates, expires, or is forfeited without a payment being made
to the participant in the form of unrestricted Stock, the shares subject to such
Award, if any, will again be available for distribution in connection with
Awards under the Plan. Any shares of Stock that are used by a participant as
full or partial payment of withholding or other taxes or as payment for the
exercise or conversion price of an Award will thereafter be available for
distribution in connection with Awards under the Plan.

       In the event of any merger, reorganization, consolidation,
recapitalization, share exchange, stock dividend, stock split, reverse stock
split, split-up, spin-off, issuance of rights or warrants or other change in
corporate structure affecting the Stock after adoption of the Plan by the Board,
the Committee will make appropriate substitutions or adjustments in the
aggregate number and kind of shares reserved for issuance under the Plan, in the
number, kind and price of shares subject to outstanding Awards and in the number
of shares reserved and available for distribution pursuant to the Plan,
provided, however, that any such substitutions or adjustments will be consistent
with the treatment of shares of Stock not subject to the Plan.

5. AWARDS

       (a) STOCK. The Committee may grant vested Stock Awards at such times and
in such amounts as the Committee may designate.

       (b) RESTRICTED STOCK. The Committee may grant Restricted Stock Awards
under the Plan. Shares of Restricted Stock are shares of Stock that are awarded
to a participant and that during the Restricted Period may be forfeitable to the
Company upon certain conditions. A Restricted Stock Award shall be set forth in
an Award agreement that contains the terms and conditions of the Award as
determined in the discretion of the Committee, including, but not limited to,
provisions regarding vesting, forfeiture, termination of employment, Change in
Control, noncompetition, nonsolicitation, and put and/or call rights. Restricted
Stock may not be sold, assigned, transferred, pledged or otherwise encumbered
during the Restricted Period. Except as provided in this subsection (b) and in
the applicable Award agreement, a participant will have all the rights of a
holder of Stock, including the rights to receive dividends and to vote during
the Restricted Period. Any dividends with respect to Restricted Stock that are
payable in stock will be paid in the form of Restricted Stock.

                                       3
<PAGE>

       (c) STOCK OPTIONS. The Committee may grant Stock Options under the Plan.
A Stock Option represents the right to purchase a share of Stock at a
predetermined exercise price. The exercise price of a Stock Option may not be
less than 100% of the Fair Market Value on the date of grant. A Stock Option
Award shall be set forth in an Award agreement that contains the terms and
conditions of the Award as determined in the discretion of the Committee,
including, but not limited to, provisions regarding exercisability, vesting,
expiration, forfeiture, termination of employment, Change in Control,
noncompetition, nonsolicitation, and put and/or call rights. Stock Options
granted under this Plan may be in the form of Incentive Stock Options or
Nonqualified Stock Options, as specified in the Award agreement. Stock Options
may not be sold, assigned, transferred, pledged or otherwise encumbered. An
option holder will not have any rights of a holder of Stock solely by virtue of
holding a Stock Option. The term of each Stock Option will be set forth in the
Award agreement, but no Incentive Stock Option may be exercisable more than ten
years after the grant date and must have an exercise price at least equal to
Fair Market Value on the date of grant.

       Subject to the applicable Award agreement, Stock Options may be
exercised, in whole or in part, by giving written notice of exercise to the
Company specifying the number of shares to be purchased. This notice must be
accompanied by payment in full of the exercise price by certified or bank check
or such other instrument as the Company may accept (including a copy of
instructions to a broker or bank acceptable to the Company to deliver promptly
to the Company an amount of sale or loan proceeds sufficient to pay the purchase
price). If permitted by the Committee, payment in full or in part may also be
made in the form of Stock already owned by the optionee valued at the Fair
Market Value on the date the Stock Option is exercised.

6. CHANGE IN CONTROL

       A "Change in Control" shall be deemed to have occurred if:

       (a) Any person or group of persons acting together ("Group") becomes the
beneficial owner, directly or indirectly, of the Company's Stock representing 50
percent or more of the combined voting power of the Company's then outstanding
Stock (other than any Company pension or benefits plan or any Person owning at
least five percent of the Stock of the Company as of the effective date of this
Plan);

       (b) There occurs a sale, exchange, transfer, or other disposition in one
or in a series of related transactions of all or substantially all of the assets
of the Company to another entity, person, or Group, except to an entity
controlled directly or indirectly by the Company, to any Company employee
pension or benefit plan, or to any person directly or indirectly owning at least
five percent of the Stock of the Company as of the effective date of this Plan;

       (c) There occurs a merger, consolidation, or other reorganization of the
Company, unless:

            (i) The stockholders of the Company immediately before such merger,
consolidation or reorganization own, directly or indirectly, immediately
following such merger, consolidation or reorganization, at least 51 percent of
the combined voting power of the outstanding voting securities of the entity
resulting from such merger, consolidation or reorganization (the "Surviving
Business Entity") in substantially the same proportion as their ownership of the
voting securities immediately before such merger, consolidation or
reorganization; or

                                       4
<PAGE>

            (ii) The individuals who were members of the Board immediately prior
to the execution of the agreement providing for such merger, consolidation or
reorganization constitute at least 51 percent of the members of the board of
directors of the Surviving Business Entity; or

       (d) A plan of liquidation or dissolution of the Company other than
pursuant to bankruptcy or insolvency laws is adopted.

7. PLAN AMENDMENT AND TERMINATION

       The Board may amend or terminate the Plan or an Award agreement at any
time, provided that no Plan amendment will be made without stockholder approval
if such approval is required under applicable law. Except as set forth in any
Award agreement, no amendment or termination of the Plan or an Award agreement
may materially and adversely affect any outstanding Award under the Plan without
the Award recipient's consent.

8. TRANSFERABILITY

       Except to the extent permitted by the Award agreement, either initially
or by subsequent amendment, Awards will not be transferable or assignable other
than by will or the laws of descent and distribution, and will be exercisable
during the lifetime of the recipient only by the recipient.

9. GENERAL PROVISIONS

       (a) The Committee may require each recipient acquiring shares of Stock
pursuant to an Award to represent to and agree with the Company in writing that
such person is acquiring the shares without a view to the distribution thereof
and furnish such information as may, in the opinion of counsel for the Company,
be appropriate to permit the Company to issue the Stock in compliance with
applicable Federal and state securities laws. The certificates for such shares
may include any legend that the Committee deems appropriate to reflect any
restrictions on transfer.

       All certificates for shares of Common Stock or other securities delivered
under the Plan will be subject to such stock transfer orders and other
restrictions as the Committee may deem advisable under the rules, regulations
and other requirements of the Securities and Exchange Commission, any national
securities exchange upon which the Stock is then listed and any applicable
Federal, state or foreign securities law, and the Committee may cause a legend
or legends to be put on any such certificates to make appropriate reference to
such restrictions.

       (b) Nothing contained in this Plan will prevent the Company, a subsidiary
or an affiliate from adopting other or additional compensation arrangements for
its employees, contractors, or other service providers.

                                       5
<PAGE>

       (c) The adoption of the Plan will not confer upon any employee,
contractor or other service provider any right to continued employment or
engagement by the Company nor will it interfere in any way with the right of the
Company, a subsidiary or an affiliate to terminate the employment or engagement
of any employee, contractor, or other service provider at any time.

       (d) No later than the date as of which an amount first becomes includible
in the gross income of the Award recipient for Federal income tax purposes with
respect to any Award under the Plan, the Award recipient will pay to the
Company, or make arrangements satisfactory to the Company regarding the payment
of, any Federal, state, local or foreign taxes of any kind required by law to be
withheld with respect to such amount. If permitted by the Committee, withholding
obligations arising from an Award may be settled with Stock, including Stock
that is part of, or is received upon exercise or conversion of, the Award that
gives rise to the withholding requirement. The obligations of the Company under
the Plan will be conditional on such payment or arrangements, and the Company,
its subsidiaries and its affiliates will, to the extent permitted by law, have
the right to deduct any such taxes from any payment otherwise due to the
participant. The Committee may establish such procedures as it deems
appropriate, including the making of irrevocable elections, for the settling of
withholding obligations with Stock.

       (e) On receipt of written notice of exercise, the Committee may elect to
cash out all or a portion of the shares of Stock for which a Stock Option is
being exercised by paying the optionee an amount, in cash or Stock, equal to the
Spread Value of such shares on the date such notice of exercise is received.

       (f) The Plan and all Awards made and actions taken thereunder will be
governed by and construed in accordance with the laws of the United States and
the State of Florida.

       (g) If any provision of the Plan is held invalid or unenforceable, the
invalidity or unenforceability will not affect the remaining parts of the Plan,
and the Plan will be enforced and construed as if such provision had not been
included.

       (h) Any reference in the Plan to a provision of the Exchange Act or other
law may be interpreted by the Committee, in its discretion, to encompass any
successor provision of the law.

       (i) The Committee will have full power and authority to interpret, in its
sole discretion, the provisions of the Plan and any Award agreements, including
the ability to resolve any ambiguities, inconsistencies or omissions, and to
determine any and all questions arising under the Plan or such Award agreements.
All such interpretations, determinations and decisions of the Committee will be
final, conclusive and binding on all persons having an interest under the Plan.

       (j) The Plan is effective upon the later of its adoption by the Board or,
if stockholder approval is required under applicable law, upon stockholder
approval of the Plan.

                                       6

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