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April 27, 2008 <br />Silt Sand & Gravel <br />Colorado Division of Minerals and Geology <br />Department of Natural Resources <br />1313 Sherman Street, Room 215 <br />Denver, Colorado 80203 <br />RE: Annual Permit Report <br />M-2006-046 <br />Grand River Park Project <br />Mining began this past year along the north end of phase 1 (b) and constructed our regulating pond. <br />Continued mining around the east edge of the property boundary. This area was stripped of 27,846 <br />cubic yards of topsoil and placed at the southeastern corner of 1 (b). <br />Within phase 1(b) we have mined a total of 229,222 cubic yards of pit run which we have hauled to our <br />processing plant for crushing. This processing area including roads was stripped of 10,256 cubic yards of <br />topsoil and placed on the southern end of phase 3 (a). <br />"Financial Warranty" is in place. See attached. <br />All corners are marked with appropriate interval signs still in place. <br />Respectfully submitted, <br />ld~.~ <br />William M. Roberts <br />President <br />0304 Hwy. 133 Carbondale, CO 81623 <br />