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7747, County Road 100: Carbondale, Colorado 81623 <br />December 8th 2008 <br />Annual Report for the McNulty Cinder Pit <br />Permit Number M-1980-003 Eagle County <br />During the 2008 Calendar year approximately 150 cubic yards of material <br />was sold from the existing stock piles at the McNulty Cinder Pit, which was <br />closed in November for the winter. <br />There was no excavation or disturbance of the remaining resource during the <br />year. <br />In 2009 we hope to sell at least 1000 cubic yards of material. <br />Depending on weather conditions, operations should commence by <br />April 15th . Excavation will proceed in NNE direction of the existing face <br />for red material and north for the gray. <br />Thank you <br />l r <br />0 .. N <br />Sarah McNulty, General Partner for the Quarter Circle 8 Ranch