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Capital Gold Corporation J. ScottHaZlitl <br />P. O. Box 552 Leadville, Colorado 80461 (719)-48b-3000 <br />hazlitt@capitalgoldcorp.com Fax (719)-48b-3000 <br />Cell 970-214-8164 <br />Erica Crosby <br />Colorado Division of Minerals and Geology <br />Department of Natural Resources <br />1313 Sherman St., Room 215 <br />Denver, CO 80203 <br />Reference: Annual Report for 2004 to 2005. <br />Dear Mrs. Crosby, <br />July 20, 2005 <br />This is the annual report for the activities at the Hopemore and Hunter mine:, (M-1990- <br />057, Hopemore Shaft), located off of County Road 1, in Lake County Colorado. During <br />the year June 2004 through May 2005 the Hopemore mine was intermittently active, and <br />inactive. During the months of May, to August the property was intermittently active for <br />purposes of care and maintenance. During this period minor surface work consisted of <br />minor drainage control around the head-frame of the Hopemore shaft, and cleanup <br />aoound the site. During the period September, until May the property was inactive with <br />only surface caze and maintenance. No rock was hoisted during the report p zriod. <br />Attached is a map of the Hopemore and Hunter mines (Hopemore Shaft) property <br />including the permit boundaries. The boundary markers are up and the permit signs in- <br />place at both the mine and mill site. <br />Sincerely yours, <br />C~^l) ~~ <br />Scott Hazlitt, <br />Mine Manager <br />