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ENERGY <br />April 25, 2012 <br />Cotter Corporation <br />0502 Fremont Cnty Rd 68 <br />Canon City, CO 81212 <br />www.energylab.com Helena, MT 877- 472 -0711 • Billings, MT 800- 735 -4489 • Casper, WY 888- 235 -0515 <br />Aulytical Erotism* Shic' 1952 Gillette, WY 866- 686 -7175 • Rapid City, SD 88B -672 -1225 • College Station, TX 888- 690 -2218 <br />ANALYTICAL SUMMARY REPORT <br />Workorder No.: C12040753 Quote ID: C3386 - Schwartzwalder Mine <br />Project Name: Schwartz SW 4/11/12 S26436 & S26442- S26443 <br />Energy Laboratories, Inc. Casper WY received the following 3 samples for Cotter Corporation on 4/13/2012 for analysis. <br />Sample ID Client Sample ID Collect Date Receive Date Matrix Test <br />C12040753 -001 SW AWD (S26436) <br />C12040753 -002 SW GS (S26442) <br />C12040753-003 SW BPL (S26443) <br />04/11/12 12:15 04/13/12 Aqueous Metals by ICP /ICPMS, Dissolved <br />Field Parameters <br />04/11/12 14:45 04/13/12 Aqueous Same As Above <br />04/11/12 14:00 04/13/12 Aqueous Same As Above <br />The analyses presented in this report were performed at Energy Laboratories, Inc., 2393 Salt Creek Hwy., Casper, <br />WY 82601, unless otherwise noted. Radiochemistry analyses were performed at Energy Laboratories, Inc., 2325 <br />Kerzell Lane, Casper, WY 82601, unless otherwise noted Any exceptions or problems with the analyses are noted <br />in the Laboratory Analytical Report, the QA/QC Summary Report, or the Case Narrative. <br />The results as reported relate only to the item(s) submitted for testing. Solid /soil samples are reported on a wet <br />weight basis (as received) unless specifically indicated. Data corrected for moisture content are typically noted as - <br />dry on the report. For agricultural and mining soil parameters /characteristics, all samples are dried and ground prior <br />to sample analysis. <br />If you have any questions regarding these test results, please call. <br />Report Approved By: <br />cS tq t <br />Reporting Supervisor <br />Digitally signed by <br />Stephanie Waldrop <br />Date: 2012.04.25 15:49:35 -06:00 <br />Page 1 of 10 <br />