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III IIIIIIIIIIIIIIII <br /> Untetco Minerals Corporation <br /> P.O. BOX 1029 GRAND JUNCTION. COLORADO 81502 <br /> S (9701 245-3700 ANNUAL REPORT <br /> PERMIT M-77-286 <br /> MAYBELL MINE <br /> MOFFAT COUNTY, COLORADO <br /> Permit M-77-286 covers approximately 15 acres of a mine overburden stockpile <br /> which has been used from time to time as a source of clean fill during reclamation of the <br /> former mine and mill complex at Umetco's Maybell project site. There has been no <br /> disturbance of the stockpiled material during the past 12 months; however, the need for <br /> clean fill material at the site will continue into the future for an unforeseen period of time <br /> until the mill site and heap leach reclamation is accepted by several regulatory agencies. <br /> At this time, no new disturbances are anticipated during the coming permit year. <br /> No reclamation has been performed on the disturbed area to date and none is <br /> planned for the current year or until final closure of the borrow area. At that time, the <br /> site will be re-contoured and seeded with the DMG approved seed mix. It is difficult to <br /> estimate a time when intermittent borrow activity will cease, but site closure is still a few <br /> years away. <br /> Thomas E. Gieck, (luvc z`�, 1999 <br /> UMETCO MINERALS CORPORATION <br />