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Nichols Gravel Pit LLP <br />P.O. Box 285 <br />Mesa CO 81643 <br />RE: Permit number M- 1981 -01 <br />Thank you, <br />John Nichols <br />Nichols Gravel Pit LLP <br />Annual Report for 2010 <br />For the year 2010, there was no new mining activity in the Nichols Gravel Pit. There <br />were minimal sales of existing stock piles. Future mining is dependant on the economy. <br />At this time no new mining is planned. When mining activities do begin again, <br />reclamation can continue. <br />