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L J DEVELOPMENT, INC. <br />159 TIFFANY CT. PUEBLO, CO 81005 <br />JANUARY 21, 2005 <br />Division of Minerals and Geology <br />1313 Sherman Street, RM 215 <br />Denver, CO 80203 <br />RE: ANNUAL REPORT <br />PERMIT NO.: M-19'79-158 <br />OPERATION NAME: MOUNTAIN SHADOWS PIT <br />ANNIVERSARY DATE: DECEMBER 20, 2004 <br />TOTAL FEES: $ 688.00 <br />Gentlemen: <br />u'~',i'd 2 L [iiu~ <br />~.hrision at,.,inemts R~ &xvlnry <br />Attached is a check in the amount of $ 688.00 for the Annual Report Fees, as well as the updated <br />map showing the activity this past year. This mine has been mined the past yeaz and another <br />spring processing is will take place. Mining will most likely start next spring or summer, <br />depending upon market demand. <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,y . <br />~,M/ f <br />~' <br />J e Gagliano <br />Consultant <br />cc:CCNID <br />PHONE (719) 240-9424 FAX (719) 583-0768 <br />