Dept. of Trans.             PROGRESS              Serial No.    Contract No.
                                                  26-022-08-01  03-1N9304
                    PROGRESS PAYMENT VOUCHER      %complete:    %time:
                                                    23%           20%

Location:                                         Federal Project:
03-YUB-70-82.0/13.6                               NONE

Progress payment No. 002                     Payment period ending: 01-20-26
TYRRELL RESOURCES, INC.
P.O. BOX 8219
TRUCKEE, CA 96162

Escrow No. 00000
                                           Total Estimate      This Estimate
 1. Contract Itms Without Mobil.
 2. a. Extra Work                              906,843.06          59,726.24
    b. Adustment Comp.
 3. Materials on Hand
 4. Earned Subject to Retention                906,843.06          59,726.24
 5. Mobilization
 6. Total Work Completed        906,843.06
 7. Deductions                                 -20,000.00         -10,000.00
 8. a. Contract Retentions
    b. Unsatisfactory Retentions
    c. Reduction after 95% Comp.
 9. Total pay to Contractor                    886,843.06          49,726.24
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                                        49,726.24