Dear Shareholder:

New Jersey Mining Co. (NJMC) has decided to re-structure our ownership. Consultation with investors and market makers has indicated that a lower stock price is preferable and that the original partners should be diluted to a lower level of ownership of the Company. Also, investors feel that there is more chance for them to make money if the initial valuation of the Company is kept on the conservative side. The only change this will involve is lowering the price of our shares to $0.50 per share. Therefore, we have issued another stock certificate equal to the amount of shares you already own to reflect the change in price. The original partners in New Jersey will not receive any additional shares. The net effect of this change is that the new shareholders will own more of the company and the original partners will own a lower percentage. Please call me if you have any questions.

Secondly, NJMC is making plans to merge with another company which has an OTC Bulletin Board listing. The obvious choice would be Plainview Mining Co. which already has an interest in NJMC. The successor company would be New Jersey Mining Co. We believe that such a merger will help us in the following ways:

OTC listing will increase our exposure to the investing public and hopefully, enhance our ability to raise funds.
Increase our shareholder base for future listing on a larger exchange.
Some liquid assets may be acquired in a merger which could help to develop the New Jersey mine.
Enclosed is an updated brochure describing the New Jersey mine. Also, a subscription agreement is included to encourage you to purchase additional shares of the Company.
Sincerely,

Fred W. Brackebusch, President