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PO Box 1150 <br />28755 Hwy #9 <br />Silvertborne, CO 80498 <br />Everest Materials LLC Phone 970.468.2521 <br />~ Fax 970.468.2756 <br />July 19, 2004 <br />RE~ESl4~ <br />State of Colorado <br />Division of Minerals and Geology JUL 212004 <br />Department of Natural Resources Olvisian of Minor®Is ~ de®19g~ <br />1313 Sherman Street. Room 215 <br />Denver, Colorado 80203 <br />RE: 110c Annual Report and Fee <br />-~ PermitNo.:-M-1998-052 - <br />Operation Name: Mascot Placer <br />Anniversary Date: July 22, 2004 <br />Enclosed please find the annual report form, a map depicting existing conditions of the <br />mine site and check # 004644 in the amount of $281.00 for the annual fee for Permit # <br />M-1998-052. This 1 IOc permit has recently been converted to a 112 permit. I hope this <br />covers everything, if not, please feel free to contact me. <br />Sincerely, <br />J~~ <br />Greg Norwlck <br />President <br />Everist Materials, LLC <br />