Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          05-237-10-05  07-4K9604                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  35%         100%                             
07-LA-126-0.0/5.5                    Federal Project:                                   
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 07            Payment period ending: 08-20-05                      
PYRAMID RESOURCES, INC.                                                                 
P.O. BOX 2396                                                                           
IRWINDALE, CA 91706                                                                     
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.          10,500.00            0.00                      
2.a. Extra Work                         521,034.21       30,153.28                      
  b. Adjustment Comp.                                                                   
3. Materials on Hand                                                                    
4. Earned Subject to Retention          531,534.21       30,153.28                      
5. Mobilization                                                                         
6. Total Work Completed      531,534.21                                                 
7. Deductions                                                                           
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor              531,534.21       30,153.28                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              30,153.28