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ENERGY <br />August 23, 2011 <br />Cotter Corporation <br />0502 Fremont Cnty Rd 68 <br />Canon City, CO 81215 <br />Project Name: Schwartz -SW 8/9/11 S25152- S25159 <br />C11080445-001 SW AWD (S25152) <br />011080445 -004 SW PL (S25155) <br />C11080445 -005 SW OS (S25156) <br />C11080445 -006 SW BOS (S25157) <br />C11080445 -007 SW GS (S25158) <br />C11080445 -008 SW BPL (S25159) <br />Report Approved By: <br />www.energyiab.com ( Helena, MT 877- 472 -0111 • Billings, MT 800- 735 -4488 • Casper, WY 888 -235 -0515 <br />Asslytkal Enigma Awl 1552 J Gillette, WY 866 - 686 -7175 • Rapid City, SD 888- 672 -1225 • College Station, TX 888 -600 -2218 <br />ANALYTICAL SUMMARY REPORT <br />Workorder No.: 011080445 Quote ID: C3386 - Schwartzwalder Mine <br />Energy Laboratories, Inc. Casper WY received the following 8 samples for Cotter Corporation on 8/10/2011 for analysis. <br />Sample ID Client Sample ID Collect Date Receive Date Matrix Test <br />011080445 -002 SW A001 (S25153) 08/09/11 10:20 08/10/11 Aqueous Same As Above <br />C11080445 -003 SW BDIS (S25154) 08/09/11 10:30 08/10/11 Aqueous Same As Above <br />If you have any questions regarding these test results, please call. <br />Report Proofing Specialist <br />08/09/11 09:30 08/10/11 Aqueous Metals by ICP /ICPMS, Dissolved <br />Field Parameters <br />08/09/11 10:35 08/10/11 Aqueous Same As Above <br />08/09/11 11:55 08/10/11 Aqueous Same As Above <br />08/09/11 12:00 08/10/11 Aqueous Same As Above <br />08/09/11 12:05 08/10/11 Aqueous Same As Above <br />08/09/11 13:05 08/10/11 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 Summary Report, or the <br />Case Narrative. <br />The results as reported relate only to the item(s) submitted for testing. All samples are reported on an as received <br />basis unless otherwise indicated. Samples corrected for dry weight indicate units that have -dry appended. <br />Digitally signed by <br />Kathy Hamre <br />Date: 2011.08.23 10:50:04 -06:00 <br />Page 1 of 20 <br />