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<br />EXHIBIT As Legal Description <br />The Phoenix mine consists of three patented properties <br />situated in the Trail Creek Mining Cistrict. Clear Creek <br />County, Colorado, about two miles west of the town of <br />Idaho Springs. The properties are identified as the <br />Phoenix Lode, US Mineral Survey No. $26A, the Phoenix Mill <br />Site, M.S. No. 526B, Phoenix No. 2, M.S. 524, and the <br />unpatented DKM Lode, CMC No. 14934, located in the center <br />of the North i of Section 33, Township 3 South, Range 73 <br />West of the Sixth P.M. The property is situated along <br />Trail Creek and is accessible by the county-maintained road <br />that runs parallel with the creek. See Figure 1. <br />