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<br /> <br />Page 2 <br />Annual Report / Cross Gold Mine Permit M-1977-410 <br />To the: DRMS <br />October 22, 2010 <br />By: Tom Hendricks <br />9. Barring down and safety work was maintained on the tunnel level of the <br />Cross Mine throughout the year. <br />10. Ventilation was well maintained on the tunnel level and air flows were taken. <br />11. Vein sampling took place on the tunnel level Apache vein. <br />12. Significant work continued at SRK Engineers in Lakewood, Colorado to <br />- -enhance and-improve the data- base in the Vulcan-Maptek 3 dimensional <br />program for the Cross Mine and Caribou district mines. <br />13. An equal amount of work was completed all year to develop business plans, <br />and finance models and data for numerous finance groups looking at the <br />Cross Gold Mine project. Numerous meetings took place both in Denver, in <br />finance centers outside Colorado and at the Cross Gold Mine for this effort. <br />14. The buildings and surface plants were well maintained all year long. <br />15. The company continued to provide educational tours and lectures for school <br />groups and special interest groups. During this reporting period a total of 14 <br />separate tour groups visited the Cross Gold Mine with a total of 380 people <br />participating. This brings the number to over 40,000 visitors since 1971. <br />16. The company continued to work with Union Milling Co. of Lakewood, <br />Colorado on permit work and planning work for the small mill at Leadville, <br />Colorado. <br />16. We also maintained high levels of safety training and record keeping <br />throughout the year. <br />17. No additional mining properties were added or subtracted from the property <br />lists you have on file for our Caribou District during this reporting period. <br />18. Three historic mine shafts were filled and safeguarded on Caribou Hill. <br />In summary, it was a very busy year for us at the Cross. Mine Operation. The key <br />emphasis has been on closing a fair and reasonable project financing so we can <br />commence and fully reopen the mine in early 2011. We look forward towards <br />working with the DRMS on future permit expansion plans. <br />if you have any questions or require any additional information. <br />Thomas S. Hei <br />Attachments; 1 <br />CC: Mr. Dave <br />and Form Letter <br />/ Mr. John R. Henderson P.C. Mr. Dave Russell