Clifton Mining Company (CFTN)

[just-for-fun]

Clifton did not receive $80,000, the Moeller Family Trust did. I doubt CFTN will receive but 10% of that.

On March 1, 2011, the Company entered into a contract with Asarco, LLC to process approximately 200 tons of copper concentrates with silver and gold by-product. These concentrates are processed at the Cactus Mill pilot plant. Pursuant to this contract, the Company has delivered 193 tons of concentrate by the end of June 2011 and has billed $834,408 in accordance with the revenue contract. Both parties conduct assays to determine the value of the concentrates. If there is a dispute, the assays undergo further analysis by an independent umpire who determines the settlement value of the concentrates. At June 30, 2011, all of the concentrates under this contract had been delivered to the smelter and had been billed based on estimated assay results. Final results and all proceeds are expected to be received within 90 days. The Company owes royalties to the Moeller Family Trust on revenues earned from concentrate sales pursuant to terms of a Joint Venture Agreement. The Company estimates approximately $80,000 in royalties will be paid in connection with this concentrate sales contract.