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<br /> <br />AZURITE, Inc. <br />10001 County Road 12 <br />POBox 338 <br />Cotopaxi, CO 81223 <br />719-942-4178 <br />Fax 719-942-4178 <br />January 11, 2000 <br />State of Colorado <br />Division of Minerals and Geology <br />1313 Sherman Street Rm 2I5 <br />Denver. Colorado 80203 <br />ANNLIAL REPORT M-1986-010, FREMONT COUNTY, COTTONWOOD P1T <br />Condition of the operation during 1999 <br />Production during 1999 <br />Acres disturbed during 1999 <br />Acres reclaimed during 1999 <br />Plans for Year 2000 <br />Type of Warranty on Reclamation Bond <br />Active <br />11,286 Tons <br />9.0 <br />0 <br />Pit will remain active during 2000. <br />Performance Warranty <br />Contact: Azurite, lnc. <br />Ken Klco, Consulting Geologist <br />POBox 338 <br />Cotopaxi, CO 81223 <br />719-942-4178 ph&& <br />