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JUBILEE VENTURE, LLC <br />19754 EAST EUCLID DRIVE <br />CENTENNIAL, COLORADO 80016 <br />303 617:Q813 <br />RECFNED <br />NOV 18 2011 <br />GRAND JUNCTION FIELD OFFICE <br />Mr. Dustin Czapala <br />RECLAMATION N�F& SAFETY <br />Environmental Protection Specialist <br />Colorado Division of Reclamation, Mining & Safety <br />I 101 South 3 Street Suite 301 <br />Grand Junction, Colorado 81501 <br />Dear Dustin Czapala, <br />C <br />-_2 " <br />November 15, 2011 <br />Refer To: File No P - 2009 -015 <br />BLM Case File # COC 73893 <br />Jubilee Venture, LLC <br />✓2011 Annual Report of <br />Prospecting Operations <br />DEC 0; 2011 <br />Division ci <br />Mining aria Safety <br />This report covers the 2011 exploration season for the Jubilee Claims located in the NW1 /4 Sec. <br />9,T.9N.,R.92W.,6 PM, as described in the NOI. <br />The 2011 exploration season saw no drilling activities or processing of material from prior <br />drilling. I have included the prior drill coordinates for your reference. As previously stated a <br />total of 57 holes were drilled. The company was originally bonded for 80 drill holes. All drill <br />holes from the 2009 and 2010 drilling programs were backfilled and sealed at the surface with a <br />poly plug, and seeded as per the permit. JB4 through JB8, JB11 through JB28 and JB 31 & 32 <br />were reclaimed in 2009. In September 2010, JB 40 through JB 71 were reclaimed per the <br />instructions in our permit. <br />August 2011 saw the removal of all equipment and portable buildings that were on the site. The <br />entire area was cleaned up and all trash removed. Late September topsoil was spread over the <br />plant pad. The plant pad was seeded in conformance within the requirements of the NOI. The <br />plant pad was back raked for a stronger base for germination. We will continue to monitor the <br />area throughout 2011 and 2012 and continue with any necessary maintenance for reseeding <br />requirements. <br />