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PATHFINDER DEVELOPMENT <br />P.O. BOX 3332 <br />TELLURIDE, CO 81435 <br />970-728-0167 Phone 970-728-4661 Fax <br />September 15, 2005 <br />DIVISION OF MINERALS AND GEOLOGY <br />1313 Sherman St., Room 215 <br />Denver, Co 80203 <br />Dear Sirs, <br />The enclosed check in the amount of $688.00 is for the annual renewal of our permit # <br />M-1994-113. There was no mining activity inside the permitted area this year; however <br />we did finish relocating the haul road in order to comply with the San Miguel County <br />road relocation permit and the Army Corps 404 wetland relocation permit. Please see <br />map for details. Mining activities at this time aze not scheduled; however we may crush a <br />small amount of gravel in order to cover our new haul road during the month of October. <br />This year we did relocate our top soil pile stored on site for reclamation work and had it <br />hydro mulched with approved San Miguel County seed mix. As well, we also hydro <br />mulched the slope azea where material was removed and relocated to the fill area for the <br />new haul road. See map for details. <br />If we are fortunate enough to commence mining activities this next year, we will be <br />removing material from the south facing knob on the south end of the permitted area. <br />This will also be the azea where we will take material to crush for our haul road cover this <br />October, if we aze able. <br />Thank you, <br />John Dourlet <br />Vice President <br />Pathfinder Development <br />