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<br />Horizon Ranch, LP <br />January 26, 2005 <br />Division of Minerals and Geology <br />Department ofNatural Resources <br />1313 Sherman Street, Suite 215 <br />Denver, CO 80203 <br />RE: PemutNO:M-1997-084 <br />Dear Sir or Madam: <br />Horimn Ranch, LP <br />P O Box 190 <br />Fomeg TX 75!26 <br />972-303A010 <br />in reference to the above permit, there has been no mining activity during the year 2004, so the map <br />on file from 2001 is still current. <br />We have enclosed ow check in the amount of $281.00 to cover the annual fee for the above <br />referenced permit. <br />If you need any further information, please feel free to contact me. <br />Sincerely, <br />~~~' V <br />Ree Gillum <br />Managing Trustee <br />............................ <br />