Clifton Mining Company authorizes a Buyback Plan.

Clifton Mining Company is primarily engaged in property management by joint venturing the properties to other companies. The Company owns patented mining claims and lease claims from the Bureau of Land Management and from the State of Utah School Trust Lands Administration and the Company is primarily engaged in the property management of these properties and through leasing and joint venture agreements, with the intent of bringing all potential properties into the extraction of minerals, including gold and silver. Its mining claims consist of 82 patented claims, including 10 patented claims; 402 unpatented lode claims, including 32 placer claims; and six state mineral leases, in total covering approximately 14,027 acres. Of these claims, 66 unpatented lode claims and 10 patented claims covering approximately 1,476 acres are subject to a 20-year lease with Desert Hawk Gold Corp. The properties are located in the Gold Hill/Clifton Mining District, Tooele County, Northwest Utah area.