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i <br />PATHFINDER DEVELOPMENT <br />P.O. BOX 3332 <br />TELLURIDE, CO 81435 <br />970-728-0167 Phone 970-728-4661 Fax <br />September 12th, 2008 <br />DIVISION OF RECLAMATION, MINING, AND SAFETY <br />1313 Sherman St., Room 215 <br />Denver, Co 80203 <br />Re: Annual Report for permit M-1994-113 <br />Dear Mined Land Reclamation Board, <br />During our permitted year, October 4t' 2007 / 2008, the Pathfinder pit remained inactive <br />and did not see any mining or reclamation activity. The last ground disturbance was in <br />November 2005 as reported in that years annual report. <br />Per the Division of Reclamation, Mining, and Safety Annual Report guidelines, a map is <br />not required <br />Enclosed is our check for the annual permit fee of $791.00. <br />John Dourlet <br />Vice President