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July 17, 2011 <br />CO Division of Reclamation, Mining & Safety <br />1313 Sherman St., Room 215 <br />Denver, CO 80203 <br />RE: M- 2008 -037 Emma Lode MS #7261 <br />Subject: Annual Report 2011 <br />To Whom it May Concern: <br />There has been ZERO mining activity at this mine since issuance of the permit in August of 2009. There has been <br />ZERO reclamation activity at this mine since issuance of the permit in August of 2009. Accordingly, NO map has <br />been included. <br />Currently there is no scheduled mining or reclamation activity scheduled for this site in the coming year. <br />We are awaiting startup and commissioning of the Hukill Gulch Millsite (application M- 2009 -076) prior to <br />developing this site. <br />Check number 10383 in the amount of $259.00 is enclosed for payment of the annual fee. <br />Sincerely, <br />Venture Resources, Inc. <br />6-a-A fizelici6 <br />Ryan J. McHale, PE <br />Vice President <br />Venture Resources, Inc. <br />PO Box 1974 (303) 61 9 - 6323 <br />Idaho Springs, CO 80452 Fax: (303) 4 - 6369 <br />ventureresources@att.net <br />Page 1 of 1 <br />