The Friends of Blencathra committee has confirmed that it is still in talks with the Earl of Lonsdale to buy the mountain after reports it has been removed from sale.
The group was set up 18 months ago to resist the proposed sale of the North Lakeland mountain for £1.75million, which comes with the title 'Lord of the Manor of Threlkeld'.
At the time, Hugh Lowther, the Earl of Lonsdale, said the sale was necessary to pay a £9million inheritance tax bill, which had to be paid within 10 years of his father's death.
However, agents activing on his behalf say they "had to make alternative arrangements" to meet the inheritance tax bill as the deadline approached, and have therefore decided to stop actively marketing the mountain.
Agents say they have had to sell properties that are currently occupied, an eventuality they were trying to avoid by selling Blencathra. However, they say these properties have been sold with the tenants in place.
They told ITV Border "bits and pieces have come together to allow us to meet the bill", by selling a mixture of properties and other parts of the estate.
They maintained that the mountain would still be for sale "if the right buyer could be found, at the right price." The Friends of Blencathra hopes that will be them.