Research, Report & Profiling Services by IPOdesktop.com Colorado Goldfields Inc. (CGFI.OB) Stock symbol: CGFI.OB………….…..…..….….………………..average daily vol (3 mos) 311,427

Stock price 4/1/08: $.52….…..……...Common shares 11/30/07: 97mm (issued and outstanding)

60 day price range: Hi/Low $0.13 to $5.01 .………………Equity market capitalization: $50.4mm

Recent News…..Stock Price…..Chart…..SEC Filings

One year gold price chart (click) up 50% in the past year

BUSINESS

. Junior gold acquisition and exploration company. Holds an option to acquire up to an 80% undivided interest in certain properties located in San Juan County, Colorado.

. These properties consist of 44 patented and 13 unpatented mining claims in the Gold King and Mogul Mine properties, and a 70% undivided interest in 19 patented mining claims in the Mayflower Mine

. CGFI seeks to re-establish mining operations in the prolific former mining area surrounding Silverton, Colorado, where the gold mining history dates back 135 years

. Colorado is the third largest state for gold production in the U.S.

RECENT DEVELOPMENT Signs Agreement to Resume Drill Program in Colorado, March 25, 2008 http://biz.yahoo.com/iw/080325/0378859.html

RECENT $3.2mm FINANCING In November 2007, entered into private placement subscription agreements for 8,758,600 Units at a price of US$0.375 per unit for US$3,284,500. Each Unit consisted of one share of common stock and one common stock purchase warrant, which warrant entitles the holder to purchase one additional share of our common stock at a price of US$0.50 per share, for a period of two years from the closing of the private placement.

Assay Results From 2007 Program

Address: 10920 West Alameda Avenue, Suite 207, Lakewood, CO 80226 Telephone: 303-984-5324 CEO/President: Todd C. Hennis Web Site: http://www.cologold.com/s/Home.asp State or other jurisdiction of incorporation or organization: NV Transfer Agent: Empire Stock Transfer Investor contact: Todd C. Hennis, Tel. 303-984-5324

OPTION AGREEMENT

Includes Gold Kind, Mogul and Mayflower properties, all described below (i) an undivided 40% interest in the San Juan Properties will vest when CGFI has incurred expenditures of not less than $6,000,000 on the San Juan Properties, provided that such expenditures must be incurred within five years from the date of the Option Agreement; (ii) an additional undivided 20% interest in the San Juan Properties will vest when: (a) CGFI has incurred additional expenditures of not less than $3,500,000 on the San Juan Properties, provided that such expenditures must be incurred within 7.5 years from the date of the Option Agreement, and (b) CGFI issues, subject to compliance with applicable securities laws, 10,000,000 shares of common stock to the Optionors; and

(iii) an additional undivided 20% interest in the San Juan Properties (for an aggregate of 80%) will vest when: (a) CGFI has incurred additional expenditures of not less than $3,500,000 on the San Juan Properties, provided that such expenditures must be incurred within 10 years from the date of the Option Agreement, and (b) we issue, subject to compliance with applicable securities laws, an additional 10,000,000 shares of our common stock, to the Optionors.

(Iv) In addition an option agreement was acquired for a cash payment of $10,000 and allows CGFI to acquire a 3.0 percent net smelter royalty and a 2.5 percent net profit interest on the Gold King Mine, and a 2.0 percent net smelter royalty and a 2.5 percent net profit interest on the Mayflower Mine from Recreation Properties, Ltd. for a one time payment of $250,000. The option expires on November 21, 2008

GOLD KING MINE PROPERTY

. The Gold King Mine property consists of 27 patented mining claims covering approximately 198 acres and a total of 13 unpatented mining claims covering approximately 100 acres. All 27 patented mining claims and 13 unpatented mining claims are governed by the Option Agreement. The Gold King Property is located in San Juan County, Colorado, at Township 42 North, Range 7 West of the New Mexico Prime Meridian.

. The Gold King has a history of significant gold production, and CGFI believes it is in a favorable geologic zone for gold mineralization called the Eureka Graben, where significant gold production has occurred in the past from the neighboring Sunnyside Mine and other properties.

. Access to the site is by county road, which is maintained by San Juan County on a seasonal basis. Road access is suitable for four-wheel drive vehicles and light to medium duty trucks. The Gold King Property is located at elevations from approximately 11,000 feet above sea level to 13,000 feet above sea level, approximately 8 miles from Silverton, Colorado.

. The main underground access to the Gold King Property is the Gold King Mine #7 Level, the portal for which is collapsed. The portal site is located in an avalanche prone area. The terrain in mountainous and the majority of the property is above treeline.

. The Gold King property is located in volcanic tuffs, primarily in the Upper Burns and Henson formations. The historic ore produced was banded quartz with abundant pyrite, carrying gold and silver, together with minor amounts of sphaelerite and chalcopyrite. A lesser number of veins in the Gold King property have higher base metal mineralization. The historic ore occurrences were in stringers, veins and shoots. The economic potential of the property depends on the successful identification and exploitation of gold bearing veins and ore shoots. The Gold King Unit property includes seven levels of mine workings, none of which is currently accessible. A power line in a state of disrepair leads from the local electric cooperative’s power line in the valley to the Gold King 7 Level. Major repairs will have to be done to the power line to use it in the future. Abundant water exists in the mine workings.

History of Operations

. The best estimate for historic mine production from the Gold King Mine is 665,500 tons containing 0.471 ozs/ton gold, 2.39 ozs/ton silver, 0.71% lead, and 0.52% copper. This historic mine production predominantly occurred during the period 1890 to 1920.1

. In the period 1984 to 1992, Gold King Mines Corporation (formerly Gerber Minerals Corporation)

conducted exploration activities at the Gold King Mine including re-opening old workings, extending workings, surface exploration mapping and drilling, underground exploration, mapping, sampling and drilling and other activities. Previously published reports listed expenditures by Gold King Mines Corporation of $9.7 million on the Gold King Mine during this period. We have access to or copies of most of the geological records from this period, and have access to most of the exploration drill core produced during this period.

. Gold King Consolidated, Inc. was majority owner of Gold King Mines Corporation. In February 1990, E.D. Black, a professional engineer in Denver, Colorado prepared "Evaluation Report IV on the Gold King Mine Property, San Juan County, Silverton, Colorado" for Gold King Consolidated, Inc.

. In this report, Mr. Black estimated gold and silver ore reserves. Approximately 20,000 tons of this material was subsequently mined in 1990 by Sunnyside Gold Corp. as part of a joint venture with Gold King Mines Corp.

. No further mining activity at the Gold King property is known to have occurred since that date. CFGIintends to perform our own exploration activities on the property subject to obtaining adequate financing.

Current and Proposed Exploration Activities

. CGFI undertook a limited surface drilling program on the Gold King Property in September 2007. Due to bad ground conditions and the onset of severe winter weather, the drilling program was suspended in October 2007 after one hole was drilled on the North Vein. . CGFI intends to resume this surface drilling program in 2008 with a new drilling contractor as soon as weather conditions, availability of drilling contractor and funding permit.

. CGFI intends to re-open Gold King #7 Level, rehabilitate the existing workings, and potentially undertake mitigation activities for underground water flows as part of a proposed environmental reconnaissance, subject to (i) reaching an acceptable agreement with the United States Environmental Protection Agency ("EPA")

Environmental and Regulatory Issues

The Gold King Property is subject to federal, state and local regulations regarding environmental conditions at the site and activities at the site.

. In August, 2007, CGFI filed a "Notice of Intent to Conduct Prospecting Operations for Hard Rock/Metal Mines" with the State of Colorado, Division of Reclamation, Mining and Safety governing CGFI’s proposed surface drilling activities at the Gold King and Mogul Properties, and posted a bond amount of $10,834 governing the reclamation of the proposed drill sites.

. The Gold King Property has an active, acid mine drainage occurring from the Gold King #7 Level. This mine water flow has substantially increased in volume since 2000, and recent flow measurements have shown a large increase in flows.

. This water discharge is believed by CGFI management to substantially originate from the 2150 vein workings of the Sunnyside Mine, which is owned by another company, and which vein workings extend into the Gold King Property.

. To date, CGFI management has not been able to prove the origin of this water flow. The environmental reconnaissance discussed earlier is intended to allow the Company to prevent further potential environmental degradation from a "blow out" of potentially impounded mine waters, and to investigate potential mitigation or reduction of mine water flows.

. CGFI has requested the EPA to consider entering into an Administrative Order on Consent (AOC) to authorize CGFI and San Juan Corp. to undertake reconnaissance and mitigation activities to hopefully prevent a potential "blow out" of underground blockages at the Gold King Mine, which if it occurred could be a potential threat to public health. . CGFI’s intended re-opening of the Gold King mine, rehabilitation of the existing workings and potential undertaking of mitigation activities for underground water flows as part of a proposed environmental reconnaissance are subject to reaching an acceptable AOC agreement with U.S. Environmental Protection Agency ("EPA").

. The Gold King Property is not currently subject to any proposed action by the EPA. CGFI instead requested the EPA to enter into an AOC regarding the proposed environmental reconnaissance, and the EPA has submitted a draft AOC to CGFI. CGFI is in the process of negotiating revisions to this draft AOC.

MOGUL MINE PROPERTY

. The Mogul Mine Property consists of 17 patented mining claims which adjoin the Gold King Property. The claims cover approximately 126 acres. The historic mineralization of the Mogul Mine property has primarily been in the Mogul Vein, which is commonly held to be an extension of the George Washington vein of the Sunnyside and Brenneman Mines. The mineralization of the Mogul vein is primarily lead and zinc sulfide minerals, with some copper, silver and gold mineralization.

. The Mogul property is located in the headwaters of the North Fork of Cement Creek in Township 42 North, Range 7 West of the New Mexico Prime Meridian, San Juan County, Colorado. Access to the property is via two non-maintained county roads, suitable for four-wheel drive and light to medium duty truck traffic. > CGFI intends to conduct maintenance on these roads as needed in order to keep them passable

. CGFI believes that the Mogul property has significant visual surface mineralization of lead and zinc sulphides, and the Mogul Vein has surface outcrops which run for approximately 4500 feet. CGFI believes the Mogul Vein has significant widths, such that if exploration activities delineate sufficient grades of mineralization, potential mining widths exist.

. The Mogul property lies in volcanic tuffs, primarily the Henson and Burns Formations that are cut by the Mogul vein, which is associated with a ring fault of the Silverton Caldera. Other minor veins exist on the property. The Mogul vein contains quartz, pyrite, sphaelerite, galena and chalcopyrite, with minor amounts of gold and silver mineralization.

. The Mogul unit was operated intermittently from 1901 to 1965, producing an unknown quantity of base metal ore. Three levels of workings totaling approximately 20,000 linear feet were constructed during this period. None of the workings are accessible.

. The economic potential of the property is for production of base metal ores, pending successful exploration activities. No power line exists to the property. Abundant water exists in the mine workings.

. Management intends to conduct limited drilling on the Mogul Mine Property in 2008, and intends to investigate reopening one or more portals on the Mogul Mine Property to conduct environmental and other reconnaissance activities.

. The Mogul Mine Property is subject to certain local, state and federal regulations. An acid mine discharge occurs at the Mogul #1 portal, which had previously had a hydraulic bulkhead constructed in it to reduce the mine water flows. An acid water discharge occurs in the vicinity of the Grand Mogul portal, and we may reopen the Grand Mogul portal in the future to attempt to determine the origin of this discharge

MAYFLOWER MINE PROPERTY

. The Mayflower Mine Property consists of a 70% undivided interest in 19 patented mining claims covering approximately 179.4 acres, or a net ownership at 70% of approximately 125.5 acres. The property is approximately 3 miles from Silverton, Colorado, and is located in Township 41 North, Range 7 West, New Mexico Prime Meridian, San Juan County, Colorado. The historic mineralization of the Mayflower Mine has consisted of base metals with some gold and silver contents.

. Published historic production figures for the Mayflower Mine (also known as the Shenandoah-Dives Mine) for the period 1901-1957 are 4.5 million tons containing 520,000 ounces of gold, 12.3 million ounces of silver, 18,000 tons of copper, 47,000 tons of lead and 10,000 tons of zinc3. Some portion of this production may have originated from adjoining properties.

. The Mayflower property was one of the largest production mines in the history of the Silverton area. CGFI believes that drilling done by a previous owner in the 1980s indicates that potentially economic mineralization exists below the main haulage level, such that if further exploration activity confirms this mineralization and a significant volume of mineralized material, then the potential exists to place this mine back into production at some point in the future.

. Access to the Mayflower property is via county road suitable for four-wheel drive vehicles. The Mayflower Vein is located in the Silverton Volcanic series. The historic economic mineralization was located in the Hanging Wall Zone and Footwall Zone, which could exceed 10 feet in width each in places. The historic ore produced was relatively low grade in precious and base metals, but with a sufficient combined value to make production economic at the time. The Main Level of the Mayflower Unit is currently inaccessible due to constructing of a plug by a previous owner. No power or water supply is currently on the property.

. CGFI management intends to conduct limited work on the Mayflower Mine Property for the foreseeable future, and intends to focus the majority of activities on the other properties under option to the Company.

EXPLORATION PLANS

Exploration Plans

. In September and October 2007, took one core drill hole from the Gold King property.

. In connection with future sampling programs, CGFI intends to perform these programs in compliance with Canada’s National Instrument 43-101, a rule developed by Canadian administrators which requires strict protocols and procedures governing how companies disclose scientific and technical information about their mineral projects to the public. NI-43-101 includes requirements regarding chain of custody, quality control, and qualifications of persons performing the scientific and technical services.

Estimated exploration costs for the San Juan Properties

over a three year period (amounts in $ millions) . Gold King: $5.725 . Mogul: $2.225 . Mayflower: $1.21

. At the Gold King and Mogul Units, underground work is planned to commence in 2008 to reopen old workings and to conduct underground exploration, all subject to availability of funds, availability of contractors, and securing the necessary permits. Extension of the workings of the Gold King and Mogul Units is contemplated to allow for underground drilling and sampling activities. Based on the information gathered from these phases, additional work will be conducted. . CGFI intends to raise capital through equity or debt offerings,

PRIDE OF THE WEST MILL

The Pride of the West Mill is an inactive mining mill located at Howardsville, Colorado in San Juan County. The Pride of the West Mill is located on approximately 120 acres of patented mining claims on San Juan County Road 2, within a six air mile radius of the Gold King Property, the Mogul Mine Property and the Mayflower Mine Property. . No mineral is known to exist in deposit form on the property. The economic significance of the property is as a mineral processing site, with residual post-mining value.

Purchase

. CGFI purchased the Pride of the West Mill in June 2007 from Tusco, Inc., an unrelated third party, for a sale price of $900,000 and assumption of the Colorado Mined Land Reclamation Permit. CGFI paid $250,000 of the purchase price in cash, with the remaining $650,000 paid by way of a promissory note to Tusco with interest at 7% per annum. Interest on the note of $3,791.67 is payable monthly and the entire amount is due and payable on or before June 29, 2009, and is secured by Deeds of Trust and financing statements on the mill property and equipment.

. The assumption of the reclamation bond was for $295,800 at that date, and CGFI has been notified that the bond has been updated to approximately $317,000 by the Colorado Division of Reclamation, Mining and Safety as of November 26, 2007. CGFI has posted the bond in the form of a letter of credit and have submitted materials with the Division in connection with the succession of operator process for the reclamation permit. Based upon an estimate received by the previous owner from a third-party mining consultant, the total reclamation costs were estimated at approximately $500,000, and CGFI management continues to believe that such estimate is reliable. Thus, CGFI has recorded an estimated asset obligation of $500,000 in connection with estimated future reclamation costs.

Structures & capabilities

. The Pride of the West Mill consists of a main mill building constructed mostly in the 1970s with equipment for gravity and flotation concentration of ores, an office/shop building, a laboratory building, a cyanide process plant building, a truck scale building and other support buildings. Certain improvements to the mill roof were conducted in 2007, as well as general maintenance activities.

. The overall condition of the buildings is good. The overall condition of the mill equipment is good, and consists of a plant to produce gravity mineral concentrates, lead sulphide, zinc sulphide, and copper sulphide floatation concentrates. The mill also has the ability to treat ores with cyanide solution to recover precious metals.

. The mill is readily accessible by heavy trucks, has a power substation in place, and has two water rights from Cunningham and Hematite Creeks with associated water pipelines on the property that are sufficient to supply the needs of the mill complex. An inactive assay lab is on the property, as well as an office/shop building, and associated support buildings. The main mill building is a steel frame building with concrete basement.

. The Pride of the West Mill is currently under a Cease and Desist Order from the Colorado Division of Reclamation, Mining and Safety which was issued to a previous operator. The Cease and Desist Order prohibits operation of the Pride of the West Mill until deficiencies in the mill tailing impoundment area, the mill drain water impoundment area and other deficiencies are corrected. CGFI has met with personnel from the Colorado Division of Reclamation, Mining and Safety to discuss the correction of these deficiencies.

Renovations

. In September-October 2007, CGFI had contractors re-roof a substantial portion of the main mill building at a cost of approximately $90,000, and the company has engaged Vector Engineering , Inc. of Golden, Colorado to design a new tailings impoundment for the Pride of the West Mill and to address claimed deficiencies in the mill drain water impoundment. Subject to funding, regulatory and other approvals, and other factors, CGFI is hopeful of addressing the requirements of the Cease and Desist Order in 2008.

. Subject to adequate funding, CGFI intends to begin the renovations about May, 2008, and estimate that it will take approximately four months to complete most of the renovations for a cost of $1.1mm

. The State of Colorado caused approximately 18,000 tons of mine dump material to be placed on the raw ore stockpile area of the Pride of the West Mill under a previous operator. CGFI believes that the CGFI does not have title to this material and that it would not be economical to process the material. CGFI is seeking a solution to the disposal of this material, potentially in cooperation with the parties that placed the material on the property.

LEGAL PROCEEDINGS

Except for the environmental and mining proceedings CGFI is not currently subject to any legal proceedings, and to the best of CGFI’s knowledge no such proceeding is threatened the results of which would have a material impact on its properties, results of operation or financial condition.

MARKET CAPITALIZATION POTENTIAL

Reviewed in the context of advanced, new gold exploration technologies, for example http://www.newmont.com/en/operations/exploration/technology/index.asp

Gold prices are now much higher than when CGFI’s properties were last worked

Gold in trading in the $970 range, up 50% in the past year. Click for chart

Consider CGFI’s optioned properties when they were last active and the price of gold at the time (1) Gold King, last active 1990 when gold was $380 an ounce. (2) Mogul, last active in 1965 when gold was still $35 an ounce (until 1972) (3) Mayflower, last active in the 1980’s, when gold averaged around $400

Consider historic production figures, by mine

(1) Gold King Mine: the best estimate for historic mine production from the Gold King Mine is 665,500 tons containing 0.471 ozs/ton gold, 2.39 ozs/ton silver, 0.71% lead, and 0.52% copper. This historic mine production predominantly occurred during the period 1890 to 1920. . In the period 1984 to 1992, Gold King Mines Corporation (formerly Gerber Minerals Corporation) conducted exploration activities at the Gold King Mine including re-opening old workings, extending workings, surface exploration mapping and drilling, underground exploration, mapping, sampling and drilling and other activities. Previously published reports listed expenditures by Gold King Mines Corporation of $9.7 million on the Gold King Mine during this period.

(2) Mogul: the Mogul unit was operated intermittently from 1901 to 1965, producing an unknown quantity of base metal ore.

(3) Mayflower Mine: Published historic production figures for the Mayflower Mine (also known as the Shenandoah-Dives Mine) for the period 1901-1957 are 4.5 million tons containing 520,000 ounces of gold, 12.3 million ounces of silver, 18,000 tons of copper, 47,000 tons of lead and 10,000 tons of zinc3. Some portion of this production may have originated from adjoining properties.

Gold extraction cost averages $238 http://en.wikipedia.org/wiki/Gold

So the gross margin per ounce at today’s price would be is $971 less $238, or $733 per ounce on the average, or 75%

Option agreement and additional shares: the option agreement is based on CGFI spending money on the property, expected to be based on successfully attaining milestones.

In addition, CFGI expects to issue 10mm shares to the optionors, and assume 15mm more shares are issued for equity, which means total shares will be at least 122mm.

Valuation

For CGFI to be valued at $1.90 per share, then them market cap would need to be in the range of $280mm, before allowing for CGFI’s 80% share

And with a gross margin of 75% it is possible that net income could be in the range of 25% of revenue.

Therefore, the CGFI operation needs to generate $28mm of revenue per year to generate $7mm in income per year, based on the above assumptions, and then 80% would accrue to CGFI itself, or $5.6mm.

The stock could then sell in the $1.90 range assuming a P/E multiple of 40 (see below)

To generate $28mm in annual sales CFGI needs to process about 29,000 ounces of gold per year (at today’s prices), which seems like a reasonable possibility given the properties’ history and new exploration and gold extraction technologies

P/E multiples

of large companies engaged in the operation of mines, as well as exploration and development

Barrick Gold Corp. (ABX) http://finance.yahoo.com/q?s=abx Market cap:$44.5 billiion, P/E ration: 40 . Engages in the acquisition, exploration and development of gold properties. Its products include gold, copper, silver, and zinc. . The company holds interests in various gold mineral resources, including Goldstrike, Pueblo Viejo, Cortez, Bald Mountain, Turquoise Ridge, Round Mountain, Ruby Hill, Hemlo, Marigold, Golden Sunlight, Eskay Creek, South Arturo, and Donlin Creek mines located in North America; . Lagunas Norte, Veladero, Pascua-Lama, and Pierina mines situated in South America; . Porgera, Cowal, Plutonic, Kanowna, Darlot, Granny Smith, Lawlers, Henty, Osborne, and Reko Diq mines located in Australia Pacific; and . Bulyanhulu, North Mara, Buzwagi, and Tulawaka mines situated in Africa. . Barrick Gold Corporation's copper mines include Zaldivar Mine located in Chile and Osborne Mine situated in Australia.

Kinross Gold (KGC) http://finance.yahoo.com/q?s=kgc Market cap: $15.25 billion, P/E ratio: 42 . Engages in mining and processing gold and silver ores, and the exploration and acquisition of gold bearing properties in the Americas, Russia, and internationally. . The company owns interests in Fort Knox and Round Mountain properties located in Alaska and Nevada, the United States; Paracatu property located in Minas Gerais, Brazil; and Refugio property located in Maricunga District, Chile. . It also holds interests in the Porcupine Joint Venture with Goldcorp Canada, Ltd. in Timmins, and Musselwhite mine in Ontario, Canada; La Coipa mine joint venture with Goldcorp, Inc. in Chile; Crixas mine in Brazil; Kettle River mine in Washington, the United States; and other mining properties in various stages of exploration, development, reclamation, and closure. . In addition, Kinross Gold owns interests in the Aldebaran property in Chile; Kupol gold and silver property in northwest Russia; and Julietta mine, a gold and silver underground mine in Russia

MANAGEMENT

Todd C. Hennis, President & CEO

Todd C. Hennis has 24 years experience in the mining and metals business, including being President of a small public mining company in the mid 1980s. Mr. Hennis formed Salem Minerals Inc. in 1987 and San Juan Corp. in 1997. Both companies are privately owned 100% by Mr. Hennis. Both companies are headquartered at 645 Water St., Silver Plume, CO 80476. San Juan Corp. owns the Mogul Mine and the Gold King Mine, consisting of a large number of patented mining claims (fee simple property). Mr. Hennis owns a 70% interest in the Mayflower Mine, which under established legal precedent in Colorado can enable complete exploitation of the property, subject to certain procedures. Mr. Hennis graduated from Harvard College in 1982 with honors in economics, with emphasis on the natural resource industries.

Gary Schellenberg, VP Exploration

Mr. Schellenberg is President and Director of TNR Gold Corp., he is the Director of New World Resources, and he is President of Coast Mountain Geological Ltd., all of Vancouver, Canada. Mr. Schellenberg graduated from the University of British Columbia in 1981 with a B.Sc. in geology. After graduation, Mr. Schellenberg worked for Teck Corporation and the B.C. Ministry of Highways, before forming a private geological consulting firm and then becoming active in forming junior public mining companies.

Mr. C. Stephen Guyer, Chief Financial Officer

Mr. Guyer brings over 30 years of experience in the financial field, having served throughout his career as either CFO or as a senior financial executive for a number of firms operating across a broad spectrum of industry sectors. Mr. Guyer has significant public company experience including directing all aspects of financial operations. Mr. Guyer holds an M.B.A. in Finance from the University of Denver and is based at Company headquarters in Lakewood, CO.

Mr. Dean Misantoni, Exploration Manager

Mr. Misantoni offers 27 years of experience, with an emphasis on complex vein deposits in underground mines. In addition to holding Chief Geologist positions in small, producing underground operations in Colorado (London and Sweethome mines), he gained extensive experience in the San Juan Volcanic Field of Colorado (Creede, Summitville) while working for Anaconda, Homestake and Crown Resources. He has explored for similar Tertiary, volcanic-hosted, epithermal deposits in several Latin American countries, including El Salvador, Costa Rica, Peru, and Mexico. Mr. Misantoni earned a B.S. Degree in Geology from Southern Ill. Univ., and an M.S. in Economic Geology from Colorado State University and is based at the Pride of the West Mill Office at Silverton, CO.

Ms. Debbie Cokes, Environmental Affairs Manager

Ms. Cokes has 27 years of experience in the environmental and water treatment fields and holds a degree in Civil Engineering from the University of Colorado/Boulder. Ms. Cokes has a significant background in process monitoring, mining, regulatory affairs, environmental remediation, and working with watershed groups. Ms. Cokes operates out of the Pride of the West Mill Office at Silverton, CO.

IPOdesktop (ID) SAFE HARBOR STATEMENT: Statements contained in this document, including those pertaining to estimates and related plans, potential mergers and acquisitions, estimates, growth, establishing new markets, expansion into new markets and related plans other than statements of historical fact, are forward-looking statements subject to a number of uncertainties that could cause actual results to differ materially from statements made. ID provides no assurance as to the subject company's plans or ability to effect any planned and/or proposed actions. ID has no first-hand knowledge of management and therefore cannot comment on its capabilities, intent, resources, nor experience and makes no attempt to do so. Statistical information, dollar amounts, and market size data was provided by the subject company or its agent and related sources believed by ID to be reliable, but ID provides no assurance, and none is given, as to the accuracy and completeness of this information.

DISCLAIMER: The information, opinions and analysis contained herein are based on sources believed to be reliable but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. Past performance is no guarantee of future results. This report is a paid advertisement and is for information purposes only and should not be used as the basis for any investment decision. ID has been compensated up eighty five hundred dollars from EquityAlllianceIR for preparation and posting of this report and other advertising services. This constitutes a conflict of interest as to ID’s ability to remain objective in its communication regarding the subject company. Analysts, principals, associates and employees of ID do not own or trade equities under coverage. For detailed disclosure as required by Rule 17b of the Securities Act of 1933/1934 contact IPOdesktop, 11693 San Vicente Blvd., #350, Los Angeles, CA 90049. ID is not an investment advisor and this report is not investment advice. This information is neither a solicitation to buy nor an offer to sell securities but is a paid advertisement. Information contained herein contains forward-looking statements and is subject to significant risks and uncertainties, which will affect the results. The opinions contained herein reflect our current judgment and are subject to change without notice. We encourage our readers to invest carefully and read the investor information available at the web sites of the U.S. Securities and Exchange Commission (SEC) at http://www.sec.gov and the National Association of Securities Dealers (NASD) at http://www.nasd.com. The NASD has published information on how to invest carefully at its web site. Readers can review all public filings by companies at the SEC's EDGAR page.