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ENERGY <br />LABORATORIES <br />August 31, 2012 <br />Cotter Corporation <br />0502 Fremont Cnty Rd 68 <br />Canon City, CO 81212 <br />i — <br />www.energylab.com i Helena, MT 677- 472 -0711 • Billings, MT 800- 735 -4489 • Casper, WY 888- 235 -0515 <br />Analytical Excellence Since rshs I Gillette, WY 866 - 686 -7175 • Rapid City, SD 888 -672 -1225 • College Station, TX 888 -690 -2218 <br />ANALYTICAL SUMMARY REPORT <br />Workorder No.: C12071072 Quote ID: C3386 - Schwartzwalder Mine <br />Project Name: Schwartz GW 7/26/2012 S26523 <br />Energy Laboratories, Inc. Casper WY received the following 1 sample for Cotter Corporation on 7/31/2012 for analysis. <br />Sample ID Client Sample ID Collect Date Receive Date Matrix Test <br />C12071072 -001 MW -0 (S26523) 07/26/12 13:05 07/31/12 <br />Aqueous Metals by ICP /ICPMS, Dissolved <br />Metals by ICP /ICPMS, Total <br />Alkalinity <br />QA Calculations <br />Mercury, Total <br />Mercury Analysis Prep <br />Field Parameters <br />E300.0 Anions <br />Nitrogen, Nitrate + Nitrite <br />Metals Preparation by EPA 200.2 <br />Phosphorus, Total <br />Gross Alpha, Gross Beta <br />Radium 226, Dissolved <br />Solids, Total Dissolved <br />Solids, Total Dissolved Calculated <br />The results as reported relate only to the item(s) submitted for testing. The analyses presented in this report were <br />performed at Energy Laboratories, Inc., 2393 Salt Creek Hwy., Casper, WY 82601, unless otherwise noted. <br />Radiochemistry analyses were performed at Energy Laboratories, Inc., 2325 Kerzell Lane, Casper, WY 82601, <br />unless otherwise noted. Any exceptions or problems with the analyses are noted in the Laboratory Analytical <br />Report, the QA/QC Summary Report, or the Case Narrative. <br />If you have any questions regarding these test results, please call. <br />Report Approved By: <br />Report Proofing Specialist <br />Digitally signed by <br />Sheri Mead <br />Date: 2012.08.31 15:01:47 -06:00 <br />Page 1 of 20 <br />