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Midas Mining Company Inc. <br />710 North 11`" street <br />Gunnison, CO 81230 <br />ContaM Phone {541)929-4170 1[.oca1 Phone (970)641-2732 <br />Faz (541) 929174 <br />August 17, 2005 <br />ANNUAL REPORT on the OPHIR LODE <br />No mining or other disturbances this past year. <br />If finance is available, Midas Mining Company, Inc. will <br />start preparing the site in June 2006. This will include <br />road maintenance on the access road, installing culverts, <br />improving settling ponds and all other items in the site <br />plan approved by your field officer. <br />If possible start mining later in the year. <br />Submitted by Wayne R. Giesy ~~/~Z~ ~ <br />Check # 10'74 $225.00 enclosed. <br />Wayne R Giesy, President <br />Les Charles, Mine Superintendent <br />