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DUCOMMUN BUSINESS TRUST <br />PAUL DUCOMMUN <br />E-mail:davenn,rockymtnbus.com Telephone 719-481-2276 <br />Fax 719-481-2277 <br />P.O. Box 461 <br />531 E. 8t~ St <br />Monument, CO 80132 <br />January 16, 2008 <br />Colorado Division of Minerals and Geology <br />Mineral Section <br />1313 Sherman St 2"d Floor <br />Denver, CO 80203-2273 <br />RE: Annual Report, Alma Placer M-1985-029 <br />To Whom it May Concern: <br />Enclosed is the Annual Report for the past year (2007) for Alma Placer. No map is <br />included as no new ground has been disturbed or any reclamation done at this time. <br />The financial warranty for the permit is $116469.00 and the total permit area is 216.10 <br />acres. <br />The following information is provided to comply with C.R.S. 34-32.5-116 or C.R.S. 34-32- <br />116: <br />(1) No new areas have been disturbed. The gravel operator has extracted gravel from <br />previous mined tailings. Nothing different has changed from last years report. <br />The gravel operator has been excavating and stockpiling silt from settling ponds as stated -- <br />from last years report. <br />The gravel operator plans to continue mining the northern end of the reserve area and <br />plans to start some reclamation in 2008. No new disturbance is planned for this operation <br />in the upcoming year. <br />The gold mining operation has been working in ground that has already been disturbed. <br />They will continue to work in the same area. There could be a possibility that they might <br />mine a small portion of ground in 2008 that has not been disturbed. This would be in the <br />gold mining permitted area. The gold mining operation has not performed any <br />reclamation in 2007 but could possible start some reclamation in 2008. <br />