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ANNUAL FEE and REPORT REOU/EST <br />PERMTTTEE NAME: Capital Gold Corporation <br />PERMIT NO.: M-1990-057 ?/ <br />OPERATION NAME: Hopemore Shaft <br />ANNIVERSARY DATE: June 18, 2008 <br />ANNUAL FEE DUE: $$259.00 (Due on or before your anniversary date) <br />COUNTY: Lake <br />RErEIVED <br />JUN 0 5 2000 <br />Division of Reciamation, <br />Mining and Safety <br />According to C.R.S. 34-32.5-116 or C.R.S. 34-32-116, each year, on the anniversary date of the permit, an <br />operator shall submit the annual fee, a report and map showing the extent of current disturbances to affected <br />land, reclamation accomplished to date and during the preceding year, new disturbances that are anticipated to <br />occur during the upcoming year, reclamation that will be performed during the coming year, the dates for the <br />beginning of active operations, and the date active operations ceased for the year, if any. <br />Please attach your revised written annual report and annual report map to this form. The Annual <br />Report & Fee requirement is not met until we have received the following components: fee, report, and <br />associated map If no new disturbances or reclamation have occurred during the previous year and no <br />new changes to the previous year's map are necessary, then no new map is required, provided that the <br />Operator shall state this in the Annual Report. Please note that an adequately labeled map that clearly <br />delineates and includes the above elements may suffice for a written report. <br />Division records indicate the following permittee contact information. Please verify and make any necessary <br />changes: <br />Permittee Contact: J. Scott Hazlitt <br />Permittee Name: Capital Gold Corporation <br />Address: P.O. Box 552 <br />Leadville, CO 80461 <br />Phone Number: (970) 214-8164 <br />Fax Number: <br />If you have additional comments and/or information that should be provided to the Division, please provide it <br />below or attach it to this form along with your written report and map. Annual Report instructions are <br />enclosed. <br />1 <br />Signa ur of Corporate officer, 05Aer, or Designee <br />Date <br />M:SPERM rV,AASTERD000MENTS/M-AFA2,DOC <br />2of4