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ENERGY <br />Lt HO( Al OI- IL!i <br />December 27, 2012 <br />Cotter Corporation <br />0502 Fremont Cnty Rd 68 <br />Canon City, CO 81212 -1750 <br />www.energylab.com <br />Analytical Erceleaca Since 1031 <br />Helena, MT 871- 472 -0711 • Billings, MT 800 - 735 -4489 • Casper, WY 888 -235 -0515 <br />Gillette, WY 866 - 686 - 7175 • Rapid City, SD 888 - 672 - 1225 • College Station, TX 888 - 690 - 2218 <br />ANALYTICAL SUMMARY REPORT <br />Workorder No.: C12120490 Quote ID: C3386 - Schwartzwalder Mine <br />Project Name: Schwartz -SW 12/12/12 S26697 & S26698 <br />Energy Laboratories, Inc. Casper WY received the following 2 samples for Cotter Corporation on 12/13/2012 for analysis. <br />Sample ID Client Sample ID Collect Date Receive Date Matrix Test <br />C12120490 -001 SW -AWD (S26697) <br />C12120490 -002 SW -BPL (S26698) <br />12/12/12 13:25 12/13/12 Aqueous Metals by ICP /ICPMS, Dissolved <br />Field Parameters <br />12/12/12 13:35 12/13/12 Aqueous Same As Above <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 />Q <br />Report Proofing Specialist <br />Digitally signed by <br />Sheri Mead <br />Date: 2012.12.27 09:40:14 -07:00 <br />Page 1 of 8 <br />