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September 27, 2010 <br />Cotter Corporation <br />0502 Fremont Cnty Rd 68 <br />Canon City, CO 81215 <br />www.energylab.com Helena, MT 677-472-0711 a Billings, MT 600-735-4489 a Casper, WY 888-235-0515 <br />AnarytlsalErca?kneeSinc.183? Gillette, WY 866-686-7175 a Rapid City, SD 888-672-1225 a college station, TX 888-590-2218 <br />ANALYTICAL SUMMARY REPORT <br />Workorder No.: C10080962 Quote ID: C3386 <br />Project Name: Schwartzwalder Mine <br />Energy Laboratories, Inc. received the following 8 samples for Cotter Corporation on 8/26/2010 for analysis. <br />Sample ID Client Sample ID Collect Date Receive Date Matrix Test <br />C10080962-001 SW-AWD (S25177) 08/24/10 12:40 08/26/10 Aqueous Metals by ICP/ICPMS, Dissolved <br /> Field Parameters <br />C10080962-002 SW-AO01 (S25178) 08/24/10 13:00 08/26/10 Aqueous Same As Above <br />010080962-003 SW-BDIS (S25179) 08/24/10 14:10 08/26/10 Aqueous Metals by ICP/ICPMS, Dissolved <br /> Metals by ICP/ICPMS, Total <br /> Alkalinity <br /> Cyanide, Weak Acid Dissociable <br /> Mercury, Total <br /> Mercury Analysis Prep <br /> Field Parameters <br /> Fluoride <br /> E300.0 Anions <br /> Nitrogen, Nitrate + Nitrite <br /> Metals Preparation by EPA 200.2 <br /> Phosphate, Total <br /> Phosphorus, Total <br /> Gross Alpha, Gross Beta <br /> Radium 226, Dissolved <br /> Radium 226, Total <br /> Radium 228, Total <br /> Solids, Total Dissolved <br /> Solids, Total Suspended <br />C10080962-004 SW-PL (S25180) 08/24/10 16:03 08/26/10 Aqueous Same As Above <br />C10080962-005 SW-OS (S25181) 08/25/10 09:05 08/26/10 Aqueous Same As Above <br />C10080962-006 SW-BOS (S25182) 08/25/10 12:00 08/26/10 Aqueous Metals by ICP/ICPMS, Dissolved <br /> Field Parameters <br />010080962-007 SW-GS (S25183) 08/25/10 12:14 08/26/10 Aqueous Same As Above <br />010080962-008 SW-BPL (S25184) 08/25/10 12:48 08/26/10 Aqueous Same As Above <br />This report was prepared by Energy Laboratories, Inc., 2393 Salt Creek Hwy., Casper, WY 82601. Any exceptions <br />or problems with the analyses are noted in the Laboratory Analytical Report , the QA/QC S ummary Report, or the <br />Case Narrative. <br />The results as reported relate only to the item(s) submitted for testing. <br />If you have any questions regarding these test results, please call. <br />Report Approved By: <br />I•, Digitally signed by <br />Stephanie Waldrop <br />Reporting Supervisor Date: 2010.09.27 16:27:56 -06:00 <br />Page 1 of 44