EXHIBIT 11 GOLD CAPITAL CORPORATION EXHIBIT TO FORM 10-QSB Computation of Weighted Average Shares Outstanding Used in Earnings Per Share Calculations for the three and nine month periods ended September 30, 1996 and 1995 Three Months Ended Nine Months Ended September 30, September 30, 1996 1995 1996 1995 Shares issued at beginning of period 5,042,514 4,819,698 5,042,514 2,026,098 Weighted average shares- Issued in exchange for legal work 0 0 0 14,286 Issued in conversion of Royalstar advances 234,558 0 78,769 0 Issued for cash 0 37,500 0 1,252,374 Total weighted average shares outstanding 5,277,072 4,857,198 5,121,283 3,254,186 Fully diluted computation not made as effect would be antidilutive in all periods.