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L'O~~e/~ <br />March 12, 2008 <br />Division of Reclamation, Mining, and Safety <br />Department of Natural Resources <br />Attn: Jim Dupler <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 Mr. Dupler: <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 $259 is enclosed. <br />If you need more information, please call me at 970-864-7347. <br />Sincerely; <br />COTTER CORPORATION <br />Glen Williams <br />Manager of Mining <br />Enclosures <br />DRMSCM25.doc <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 />