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~~~ <br />COTTER <br />March 5, 2007 <br />Division of Minerals and Geology <br />Department of Natural Resources <br />Attn: Michelle Ramirez <br />1313 Sherman Street, Room 215 <br />Denver, CO 80203 <br />Subject: C-CM-25 Mine Annual Report <br />File No. M-1977-307 <br />Dear Ms. Ramirez: <br />FiAR 212(!77 <br />The C-CM-25 Mine located in Montrose County, operates under a 110 <br />permit with a permitted acreage of 7.34 acres. <br />A new map is not enclosed, because no changes have occurred since <br />the last annual report. <br />The sufficiency of the financial warranty for the above captioned <br />permit has been reviewed by D.M.G. and Cotter Corporation and was <br />found sufficient to cover the reclamation costs associated with <br />this property. <br />The annual fee payment of $225 is enclosed. <br />If you need more information, please call me at 970-864-7347. <br />Sincerely, <br />COTTER CORPORATION <br />~~ ~~G~d <br />Glen Williams, Manager <br />Enclosures <br />GW/tlm <br />dmgcm25.gw <br />Cotter Corporation - West Slope Operations Telephone (970) 864-7347 <br />P.O. Box 700, 28151 DD Road, Nucla, CO 81424 USA Fax (970) 864-7287 <br />