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Paecious Offeaings <br />MINERAL EXCHANGE, INC. <br />RECI~I~/E® <br />OCT 0 82004 <br />Division of Minerals and Geolapy <br />Colorado Division of Minerals and Geology <br />1313 Sherman Street, Room 215 <br />Denver, Colorado 80203 <br />October 6, 2004 <br />The annual report for the Brown Derby Mine, M-1999-074 is as follows: <br />In the yeaz of 2004 a small amount of material has been removed. Mining activity is <br />expected to continue between May 15 -November 15 each yeaz. There have been no <br />changes in the existing map. <br />Regazds, <br />Glynda oder <br />Precious Offerings Mineral Exchange, Inc. <br />303-544-1188 <br />200 Alder Lane <br />Boulder, CO. 80304 <br />200 Alder Lane, Boulder, CO 80304 Voice 1-303-544-1188 1-303-442-3822 Fax <br />