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L J DEVELOPMENT, INC. <br />159 TIFFANY CT. PUEBLO, CO 81005 <br />Phone:719-240-9424 fax 719-583-0768 <br />SEPTEMBER 12, 2005 <br />Division of Minerals and Geology <br />1313 Sherman Street, RM 215 <br />Denver, CO 80203 <br />Report Date: 9/12/05 <br />RE: ANNUAL REPORT <br />PERMIT NO.: <br />OPERATION NAME: <br />ANNIVERSARY DATE: <br />TOTAL FEES: <br />Gentlemen: <br />M-2001-068 <br />BOTTOMLESS PIT <br />SEPTEMBER 17, 2005 <br />$ 688.00 <br />Attached is a check in the amount of $ 688.00 for the Annual Report Fees, as well as the <br />updated map showing the activity this past year. This mine has been mined the past yeaz and <br />processing is ongoing. The New Haul Road has ban completed and is welt maintained. About <br />6.0 acres are active and/or distrubed at this time.Next year approximately 1.5 to 2.0 additional <br />acres will be disturbed and reclamation wiH follow as mining progresses. Mining will continue to <br />the south and west along the active mining face in phase 2. <br />This is a long term pit and it will be in production and reclamation for the life of the mine. This <br />is an active pit Please see map for other details. <br />Sincerely,~,~ <br />Jbe G ,agl~xi 'vva'n'IIo <br />Consultant <br />cc: Tamrodc <br />