EXHIBIT 99.1

KAUFMAN
ROSSIN &
CO.     PROFESSIONAL
         ASSOCIATION
CERTIFIED PUBLIC ACCOUNTANTS


miami, florida 33133

305 858 5600
305 856 3284 fax


June 27, 2001


Securities and Exchange Commission
450 Fifth Street
Washington, DC 20549

Re: Clements Golden Phoenix Enterprises, Inc.



This letter is written in response to the  requirements  of Rule 12b-25(c) under
the Securities  Exchange Act of 1934 and in  satisfaction of item (c) of Part II
of Form 12b-25.

We are the  independent  auditors of Clements Golden Phoenix  Enterprises,  Inc.
(the "Registrant").  The Registrant has stated in Part III of its filing on form
12b-25 that it is unable to timely file, without unreasonable effort or expense,
its Annual  Report on Form 10-KSB for the year ended March 31, 2001  because our
firm  has not  yet  completed  our  audit  of the  financial  statements  of the
Registrant for the year ended March 31, 2001.

We hereby advise you that we have read the statements  made by the Registrant in
Part III of its filing on Form  12b-25 for the year ended  March 31,  2001,  and
agree with the statements made therein as they relate to accounting and auditing
matters.


Very truly yours,

/s/ Kaufman, Rossin & Co.
Kaufman, Rossin & Co.




                       MIAMI * FT. LAUDERDALE * BOCA RATON