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START**************************************************************************

                        SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    Form 10-K
                 Annual Report Pursuant to Section 13 or 15(d) of
                      the Securities Exchange Act of 1934

                 For the fiscal year ended December 31, 1999

                        Commission File No. 001-06412

                       LITTLE SQUAW GOLD MINING COMPANY
      ----------------------------------------------------------------
           (Exact name of Registrant as specified in its charter)

           Alaska                                        91-0742812
----------------------------------          ---------------------------------
(State or other jurisdiction                      (I.R.S. Employer ID No.)
of incorporation or organization)

         933 West Third
         P.O. Box 184, Spokane, WA                         99210
----------------------------------------          ------------------------
(Address of principal executive offices)                 (Zip Code)

Registrant's telephone number:  (509) 624-2676

Securities registered pursuant to Section 12(b) of the Act:

Name of Each
Title of Each Class                   Exchange on which Registered

Common stock, $.10 par value          Spokane Quotation Service

Securities registered pursuant to Section 12(g) of the Act:  None

Indicate  by  check  mark  whether  the Registrant (1)  has  filed  all reports
required to be  filed by Section 13 or 15(d)  of the Securities Exchange Act of
1934 during  the  preceding  12 months  (or for  such shorter  period  that the
Registrant  was required to  file such reports),  and  (2) has been  subject to
such filing requirements for the past 90 days.  Yes:  (X)   No:  ( )


State  the aggregate  market value of the voting  stock held by  non-affiliates
of  the  Registrant.    The  aggregate   market  value  shall  be  computed  by
reference to  the price at  which the stock was  sold,  or the average  bid and
asked  prices  of such stock, as of a  specified  date within  60 days prior to
the date of filing.

As  of March 14, 2000, 8,351,403 shares of the Registrant's voting common stock,
$.10  per  share  par  value  excluding  stock held in treasury, were issued and
outstanding.  The  aggregate  market value of such shares held by non-affiliates
of  the  Registrant  on  such date was $835,140.00 (based on the average bid and
asked  prices on that date in the amount of $.10 per share (low $.06-high $.14).

Documents incorporated by reference - None.

*******************************************************************************

DOCUMENT PAGE: 2 of 28
<PAGE>
                        LITTLE SQUAW GOLD MINING COMPANY
                                    Form 10-K
                        For the year ended December 31, 1999

                                     PART  I

ITEM  1.     DESCRIPTION  OF  BUSINESS

     (a)  General  Description  of  Business

     The  Registrant  is  the  owner in fee of 445 acres of patented gold mining
claims  consisting  of  twenty-two  (22)  claims  and one millsite, and controls
another  2,160  acres  of unpatented gold mining claims consisting of fifty four
(54)  40  acre  State  of  Alaska  Unpatented claims.  The mining properties are
located approximately 188 air miles NNW of Fairbanks, Alaska, and 48 miles NE of
Coldfoot,  in  the  Chandalar  Mining  District.  The  center of the district is
approximately  70  miles  north  of  the  Arctic  Circle.

     The Registrant was incorporated on May 7, 1959 for the purpose of acquiring
the  gold  mining  properties  of  the  Chandalar  District.  Operations  of the
Registrant  during  the  1960's  resulted in the development of a mining camp, a
mill,  several  airstrips,  and development of a small amount of ore reserves in
underground  workings.

     In  1972  and 1976, all of the lode mining claims in the Chandalar District
were  acquired  by  the  Registrant  except for seven forty acre State of Alaska
unpatented  claims.  In  1978  the  Registrant acquired all of the placer mining
claims  in  the  Chandalar  District.

     In  1987 the registrant determined that it would be in the best interest of
registrant  to  convert  all Federal unpatented claims held by the registrant to
State  of Alaska unpatented claims. The claims are located on property which was
formerly  all owned by the Federal Government however as of 1991 title to all of
the  properties  had  been  transferred  to  the  State  of  Alaska.

     During  the  1970's  the  lode and placer properties were leased to various
parties  for  exploration  and  development.

     Registrant  in  November  of 1989 and May of 1990 entered into a lease with
Gold  Dust  Mines,  Inc. of all placer mining interests of Registrant located on
the  Big Creek, St. Mary's Creek, Little Squaw Creek, Big Squaw Creek, and Tobin
Creek.

     During  1988  a consulting Mining Geologist was hired to conduct a study of
the  entire placer and lode district.  His comprehensive report was completed in
January  1990,  and  are available for review by interested Mining companies.  A
few  conclusions  from his report are referred to in the section "Description of
Property."  The  Registrant  does   not  have  sufficient  funds  to   undertake
development  of the lodes or placer creek drainages, and is actively looking for
a  joint  venturer mining company to assist the Registrant in the development of
the  properties.  The  long  term  potential   for  the  district  lies  in  the
development  of  the  lodes  which will initially require a substantial drilling
exploration  commitment.

     During  the  Spring  of 1990 the lessee transported an IHC wash plant, with
numerous  large  pieces  of  placer mining equipment to the site over the winter
haul  road  from  Coldfoot  to  Registrants  mining  claims.   Gold  Dust  Mines
restricted  its placer mining operations during the 1991 and 1992 seasons to the
Tobin  Creek drainage.  During the last part of the 1993 season, Gold Dust Mines


DOCUMENT PAGE: 3 of 28
<PAGE>
                        LITTLE SQUAW GOLD MINING COMPANY
                                    Form 10-K
                        For the year ended December 31, 1999


moved  its  placer  operations to the Big Creek, and St. Mary's Creek drainages.
In  1994,  placer  mining  operations  were concentrated on the St. Mary's Creek
drainage.  During 1995 placer mining operations were conducted on the St. Mary's
Creek  and Big Creek Drainages.  During 1996, a lease amendment was entered into
between  registrant lessor and Old Gold Dust Mines, lessee, wherein Little Squaw
Creek,  Big  Squaw  Creek and Tobin Creek drainages were excluded from the lease
and  the  lessor  currently has an operating lease only on the Big Creek and St.
Mary's  Creek  drainages.

     During  1996  to 1999, these placer mining operations were conducted on the
Big  Creek  drainage.

     In  the  late  summer  of  1997,  a placer mining lease was executed by the
registrant  with  DayCreek  Mining  Company,  Inc., an Alaskan corporation.  The
lease  included the placer mining claims only for the Tobin Creek drainages, Big
Squaw  Creek and Little Squaw Creek drainages, but did not include the Big Creek
and  St.  Mary's  Creek  drainages.  The  lessee  was  to have performed minimum
exploratory  drilling during each year of the lease and only a minimum amount of
drilling  was  performed  the first year with some good results.  Due to lack of
finances  the lessee could not comply with the drilling requirements in 1998 and
the lease was terminated in 1999 by lessor giving a declaration of forfeiture to
the  lessees  in  February  of  1999.Lessees  have  not  legally  contested  the
declaration  of  forfeiture.

     (b)  Financial  Information  About  Industry  Segments

     The  applicant's  properties  consist  of  both  lode mining properties and
placer  mining  properties.  The  lode  mining  properties  contain the greatest
potential  for  development of the property, and since the Company's lode mining
properties  are  in the exploration and development stage, it is not possible to
make  any  definitive  statements  regarding  industry  segments.

     (c)  Narrative  Description  of  Business

     Since  the  early  1970's and after its own substantial early expenditures,
the  Registrant  has  attempted to develop its mining properties by leasing with
provisions  for  base  rent  and  royalties.  The  Registrant has no independent
business  operations  except  those  in  the  Chandalar  Mining  District.

     LODE OPERATION: The lode claims were last leased between 1979 and 1987. The
total sales from the lodes from 1980 through 1983 was approximately 7,200 ounces
of gold with gross revenues in excess of $2,000,000.00.  The operations were not
conducted  properly  and  were  not  profitable  to  the Lessee, partly due to a
cave-in  on  the Mikado mine in 1983.  The Lessee concentrated on exploration in
1983  with  very  little  activity  in 1984 and 1985. The lode Mill has not been
operated  since  1986.  The  required assessment work on the lode operations was
performed  by  the  placer  Lessee  from  1985  through  1999.

          At  this  time  the  Registrant  is  seeking  a  company that would be
interested  in  exploring  and  developing  lode claims as well as the remaining
placer  claims.





DOCUMENT PAGE: 4 of 28
<PAGE>
                        LITTLE SQUAW GOLD MINING COMPANY
                                    Form 10-K
                        For the year ended December 31, 1999


     PLACER OPERATION:  The current lessee of the Big Creek and St. Mary's Creek
drainages,  Gold Dust Mines, Inc., has had control of the placer operation since
1991,  but  commencing  1996 the placer lease is restricted to the Big Creek and
St.  Mary's Creek drainages.  Lessee has experienced difficulty in mining on the
scale  originally  contemplated  as  a  result  of loss of some of its financial
backing.  The  lessee has been financing its mining operations primarily through
the  gold  which it has recovered during its operations.  During the 1999 season
the  Lessee,  due  to  lack  of  adequate  financing, had substantial mechanical
problems with equipment which prevented mining for most of the season. According
to  the  lessee's  records  they mined from mid August to September 19th. Lessee
spent 259 equipment hours processing 10,130 yards and the lessee recovered 145.3
ounces  of gold.  The lessee claimed not to have made expenses. The Owner of the
lessee  corporation  is  Mr.  and  Mrs.  Del Ackels, and they have now filed for
personal  bankruptcy  at the end of the 1999 year. Lessee's owe some back rental
for  the  1999  year.

     During  1998,  the  lessee  recovered a total of 251  ounces of placer gold
from  the  Big  Creek drainage. During 1996, the lessee recovered a total of 699
ounces  of  placer  gold  from  the  Big  Creek  drainage.  During  1995, lessee
concentrated  primarily  on  the  St. Mary's drainage and Big Creek drainage and
recovered  a  total of 403 ounces of Gold.  In 1994 total gold recovered was 554
ounces  The  placer  production  for  1993  season  was  249.5  ounces, the 1992
production  was  838.5  ounces.

     The  1997  lease with Day Creek Mining Company, Inc., for the placer claims
required  the lessee to do exploratory placer drilling on Little Squaw Creek and
Big Squaw Creek. In 1997 some limited drilling was performed, but not the extent
required by the lease. The report prepared by Gary Fitch, Economic Geologist, at
Fairbanks, Alaska, stated that the drilling was completed between August 30, and
October  5,  of 1997.  Fifteen (15) holes were drilled and sampled.  Twelve (12)
were  on  Little  Squaw  Creek  and  three  (3) on Big Squaw Creek.  The project
summary  included  the  following  report  on  Little  Squaw  Creek:

     "Drilling  accomplished the initial stages of defining a minable deposit by
establishing  a 2410 troy ounce proven reserve with remains open-ended laterally
and  down-valley.  A thirteen thousand (13,000) oz probable reserve is estimated
along  twelve  hundred  (1,200)  feet of the creek surrounding the proven block.
Impressive  high  grades  are recorded in Little Squaw Bench production figures,
reported  at  the  Carlson  &  Buckley shaft and encountered in some of the 1997
drill  holes."

The  lessee was unable to meet any drilling requirements in 1998 and due to this
breach,  along  with  other  specified breaches, the Lease was terminated by the
Registrant.  Lessee  has  not  legally  contested  the  termination.
     Total  historical  sales  of gold from the entire district are about 82,337
ounces,  the  majority  of  which  was  produced by hand mining methods from the
placer  deposits  prior  to  1950.

ITEM  2.     DESCRIPTION  OF  PROPERTY

     (a)  The  principal  assets  of the Registrant are mining properties in the
Chandalar  Gold  Mining  District in northern Alaska.  The Registrant's holdings
include  mining  claims, both patented and unpatented, held for lode mining, and
claims,  both  patented and unpatented, held for placer mining.  The lode mining
claims  (and associated millsite claims) include 21 patented lode mining claims.

DOCUMENT PAGE: 5 of 28
<PAGE>
                        LITTLE SQUAW GOLD MINING COMPANY
                                    Form 10-K
                        For the year ended December 31, 1999


The  Registrant  holds  fee  title  to the patented claims, and in addition, the
Registrant has the below described unpatented lode and placer mining claims.  At
one  time  Registrant held a number of federal unpatented claims, however all of
these  claims  have been subsequently staked as state unpatented claims, and the
federal unpatented claims have been abandoned.  The unpatented mining claims and
millsite  claims  are  subject to the paramount title of the State of Alaska and
all  patented  and unpatented claims are subject to a reserved two percent gross
royalty  in  Registrant's  predecessor  in  title.  The  Chandalar  Gold  Mining
District  is  within  an  area  which  was  owned  by the federal government and
selected  by  the  State of Alaska for transfer to the State of Alaska under the
Alaska  Lands  Law.

     The Registrant currently owns in fee 21 twenty-acre patented lode claims, 1
twenty-acre  patented  placer  claim,  and  l  five-acre patented mill site.  In
addition  Registrant  holds  54  forty-acre  unpatented state claims. During the
fourth quarter of 1999 Registrant abandoned 51 of the unpatented lode and placer
claims  which the president deemed to be non-essential to the overall operations
in  the  district, and which did not justify the expense to the State of Alaska.
The  lode mining claims were located to control the known gold bearing zones, in
an  area  approximately  three  miles  by seven miles, except for seven State of
Alaska  unpatented mining claims, which have never been owned by Registrant, and
which  are  owned  by  Registrant's  predecessor  in  title.

The placer mining  claims of the Registrant  cover   the  four  major  drainages
radiating  from  the  area  in  which the lode mining claims are  situated,  and
include  all  areas  that  were  the  subject  of  placer  mining  operations by
predecessors  of  the  Registrant,  as  well  as  substantial  portions of these
drainages  that  have  never  been  mined.


     Although  the District has long been noted in published literature as being
the  source  of  high-grade  ore  zones,  the  cost   of  fully  evaluating  the
Registrant's holdings by doing the necessary exploration and development work to
establish the extent of mineralization has, to date, not been accomplished.  The
principal  evaluation  work  done  by the Registrant, or under its direction has
been on the Mikado mine, the Little Squaw mine, and on the Eneveloe Bonanza mine
by  lessees  in 1982 and 1983.  Each of the groups of claims have been partially
developed  by  1,000 to 2,000 feet of underground workings.  Within the district
smaller  amounts  of  mostly  surface  work has established the existence of six
similar  zones  without  accomplishing  enough  development  work  to  block out
sufficient  reserves  necessary  for  vein  type  mining  in  the  district.

ITEM  3.     LEGAL  PROCEEDINGS

     There  are  no  legal  proceedings pending, however the status of the lease
with  Gold  Dust  Mines is unsure, as the lessee is delinquent in lease payments
and  actions  required  to  be  taken.

ITEM  4.     SUBMISSION  OF  MATTERS  TO  A  VOTE  OF  SECURITY  HOLDERS

     There  were  no  matters  submitted  to  a  vote of the security holders of
Registrant  during  the  fourth  quarter  of  Registrant's  fiscal  year.




DOCUMENT PAGE: 6 of 28
<PAGE>
                        LITTLE SQUAW GOLD MINING COMPANY
                                    Form 10-K
                        For the year ended December 31, 1999

                                     PART  II

ITEM 5.     MARKET FOR THE REGISTRANT'S COMMON STOCK AND RELATED SECURITY HOLDER
            MATTERS

     (a)  The  common  stock  of  the  Registrant  was  always registered on the
Spokane  Stock  Exchange,  a  national  stock  exchange, until the Spokane Stock
Exchange  ceased  operating  in  1991.  The  stock  is now listed on the Spokane
Quotation  Service.  The stock is also traded widely in various over-the-counter
markets  in  the United States.  The Spokane Quotation Service is not subject to
any  reporting quotation system, but the high and low sales prices for the stock
for  each  quarterly  period  during  the  past  three  years  are  as  follows:
<TABLE>
QUARTER                 LOWEST  PRICE  REPORTED     HIGHEST  PRICE  REPORTED
--------------          -----------------------     ------------------------
<S>                     <C>                         <C>
First     1997                    .09                         .09
Second    1997                    .08                         .09
Third     1997                    .11                         .12
Fourth    1997                    .07                         .08

First     1998                    .07                         .10
Second    1998                    .08                         .10
Third     1998                    .08                         .09
Fourth    1998                    .03                         .08

First     1999                    .03                         .05
Second    1999                    .05                         .05
Third     1999                    .05                         .05
Fourth    1999                    .05                         .05
</TABLE>
     (b)  As  of  December  31,  1999, there were approximately 3,671 holders of
common  stock  of  the  Registrant.

     (c)  No dividends have been declared during the past two years, or to date,
but  there  are  no  restrictions  upon the issuer's ability to pay dividends if
sufficient  earnings  become  available.

     (d)  To  date  the  Registrant  has  not  had sufficient earnings to permit
consideration  of  the  payment  of  dividends.

ITEM  6.     SELECTED  FINANCIAL  DATA
<TABLE>
                                        YEARS  ENDED  DECEMBER  31,
                     ----------------------------------------------------------
                        1999        1998        1997        1996        1995
                     ----------  ----------  ----------  ----------  ----------
<S>                  <C>         <C>         <C>         <C>         <C>
Revenues             $   1,185   $  28,311   $  24,498   $  21,297   $   9,339
Net  Loss            $  57,812   $  30,681   $  31,828   $  39,963   $  30,728
Loss  per  share  .  $  .00683   $  .00367   $  .00376   $  .00472   $  .00368
Total  Assets        $ 307,622   $ 324,838   $ 313,485   $ 304,488   $ 311,826
Long-Term Obligations        0           0           0           0           0
Cash Dividend
Declared per share           0           0           0           0           0
</TABLE>

DOCUMENT PAGE: 7 of 28
<PAGE>
                        LITTLE SQUAW GOLD MINING COMPANY
                                    Form 10-K
                        For the year ended December 31, 1999


ITEM  7.     MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OF FINANCIAL CONDITION AND
             RESULT  OF  OPERATIONS

     All  of  the  Registrant's lode properties are still in development stages.
The  management  has  full control of all of the lode properties, and intends to
resume  lode  operations and placer operations on the open placer claims as soon
as  a competent and adequately financed operator can be located.  Management has
entered  into  discussions  with prospective companies for lease of the lode and
placer  operations.  The  location  of  the  mining  claims,  together  with the
permafrost  found  throughout  the  district, substantially increases the mining
costs.

     Management  is  still  discussing  with Gold Dust mines the breaches to the
lease  and  a  determination  will  be made in the near future as to what action
should  be  taken  concerning  that  lease.

     The  management is actively seeking joint venturer mining companies capable
of  developing  the  lode  operations.

     There  is  a  small portion of the property next to the millsite, which has
been  identified  by  the  state  as  requiring  cleanup. The estimated cost for
cleanup is $20,000.00-30,000.00, and registrant is waiting until lode operations
resume  to  perform  the  cleanup.  Registrant  has  no  long term debt, and has
sufficient  current  assets  to  meet  anticipated  expenses  during  1997.

ITEM  8.     FINANCIAL  STATEMENTS  AND  SUPPLEMENTARY  DATA  INDEX TO FINANCIAL
             STATEMENTS

                                                                      Page
                                                                      ----

Independent  Auditors'  Report                                          9

Balance  Sheets,  December  31,  1999  and  1998                       10

Financial  Statements  for  the  Years  Ended
December  31,  1999,  1998,  1997,  and  from
inception  (March  26,  1959)  through  December
31,  1999:

     Statements  of  Operations.                                       11

     Statements  of  Cash  Flows.                                      12

     Statement  of  Stockholders'  Equity                           13-20

     Notes  to  Financial  Statements                               21-24









DOCUMENT PAGE: 8 of 28
<PAGE>




INDEPENDENT  AUDITORS'  REPORT




Stockholders  and  Board  of  Directors
Little  Squaw  Gold  Mining  Company
Spokane,  Washington


We  have  audited  the  accompanying  balance sheets of Little Squaw Gold Mining
Company  (a development stage company) as of December 31, 1999 and 1998, and the
related  statements of operations, cash flows, and stockholders' equity for each
of  the  three  years  in the period ended December 31, 1999, and for the period
from March  26, 1959 (inception)  through December  31,  1999.  These  financial
statements   are   the  responsibility   of   the  Company's   management.   Our
responsibility  is to express an opinion on these financial  statements based on
our  audits.

We  conducted  our  audits  in  accordance  with   generally  accepted  auditing
standards.  Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement.  An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements.  An audit also includes
assessing  the  accounting  principles  used and  significant estimates  made by
management,  as well as evaluating the overall financial statement presentation.
We  believe  our  audits  provide  a  reasonable  basis  for  our  opinion.

In  our  opinion,  the financial statements referred to above present fairly, in
all  material  respects,  the  financial  position  of  Little Squaw Gold Mining
Company  as of December 31, 1999 and 1998, and the results of its operations and
its cash flows for  each  of  the  three  years in the period ended December 31,
1999, and the period  from March 26, 1959 (inception) through December 31, 1999,
in conformity with  generally  accepted  accounting  principles.

The  accompanying  financial  statements  have  been  prepared assuming that the
Company  will  continue  as  a  going  concern.   As  discussed in note 1 to the
financial  statements,   the  Company  has suffered recurring net losses and its
current  liabilities  exceed  its current assets.  This raises substantial doubt
about  the Company's ability to continue as a going concern.  Management's plans
in  regard  to  these  matters  are  also  described  in  note 1.  The financial
statements  do not include any adjustments that might result from the outcome of
this  uncertainty.

/s/ Lemaster & Daniels

     Certified  Public  Accountants



Spokane,  Washington
March  8,  2000




See  accompanying  notes  to  financial  statements.
DOCUMENT PAGE: 9 of 28
<PAGE>
LITTLE  SQUAW  GOLD  MINING  COMPANY
(a  development  stage  company)
BALANCE  SHEETS

<TABLE>
                                                            December 31,
                                                  -------------------------------
                                                         1999           1998
                                                  --------------    -------------
<C>                                               <S>               <S>
ASSETS

CURRENT  ASSETS:
Cash                                              $       7,353     $     25,376
Cash  investment                                         10,000           10,000
Account  receivable,  other                                 398              181
Gold  inventory                                          25,871           25,281
                                                  --------------    -------------
Total  current  assets                                   43,622           60,838
                                                  --------------    -------------
PLANT,  EQUIPMENT,  AND  MINING  CLAIMS:
Mine  buildings                                          25,911           25,911
Mining  and  other  equipment                           141,692          141,692
                                                  --------------    -------------
                                                        167,603          167,603
Less  accumulated  depreciation                         167,603          167,603
                                                  --------------    -------------
                                                            -                -
Mining  claims                                          264,000          264,000
                                                  --------------    -------------
                                                        264,000          264,000
                                                  --------------    -------------
                                                  $     307,622     $    324,838
                                                  ==============    =============

LIABILITIES  AND  STOCKHOLDERS'  EQUITY

CURRENT  LIABILITIES:
Accounts  payable,  related  party                $      20,018     $     20,759
Accrued  payroll                                        224,650          186,250
Accrued  and  withheld  payroll  taxes                   16,966           14,029
Other  accrued  expense                                  20,000           20,000
                                                  --------------    -------------
Total  current  liabilities                             281,634          241,038
                                                  --------------    -------------
CONTINGENCY                                                 -                -
STOCKHOLDERS'  EQUITY:
Common  stock--12,000,000  shares,
  $.10  par  value, authorized;
  8,468,506  shares  issued                             846,850         846,850
Additional  paid-in  capital                            351,237         351,237
Deficit accumulated during the development stage     (1,163,925)      (1,106,113)
                                                  --------------    -------------
                                                         34,162          91,974
Less  treasury stock, 117,103 shares, at cost             8,174           8,174
                                                  --------------    -------------
Total  stockholders'  equity                             25,988          83,800
                                                  --------------    -------------
                                                  $     307,622     $    324,838
                                                  ==============    ==============
</TABLE>
                   See  accompanying  notes  to  financial  statements.
<PAGE>                                  10
LITTLE  SQUAW  GOLD  MINING  COMPANY
(a  development  stage  company)
STATEMENTS  OF  OPERATIONS

<TABLE>
                                                                      From Inception
                                                                     (March 26, 1959)
                                        Years Ended December 31,          Through
                                       -----------------------------     December 31,
                                        1999        1998     1997           1999
                                       ---------  --------  --------  ------------------
<C>                                    <S>        <S>       <S>      <S>
REVENUES:

Royalties,  net                        $    589   $  4,811  $  2,016  $       398,752
Management  fees                            -          -         -              4,500
Stock  transfer  fees                       -          -         -             16,586
Interest  income                            596      1,000       -             25,937
Gold  sales  and  sundry                    -          -         -              7,642
Lease  and  rental                          -       22,500    22,482           99,330
                                       ---------  --------  --------  ------------------
                                          1,185     28,311    24,498           552,747
                                       ---------  --------  --------  ------------------

EXPENSES:

Management  fees  and  salaries          38,400     38,400    32,150           840,157
Directors'  fees                            -          -         -              63,775
Professional  services                    8,429      7,330    11,579           261,657
Telephone                                   399        408       353            24,346
Interest                                    -          -         -              35,986
Office  and  other  rent                  3,048      3,048     3,012            57,075
Office  supplies  and  expense            1,582      1,806     1,586           127,568
Taxes,  payroll  and  other               3,458      3,538     3,523            85,156
Travel  and  meetings                       296        897       495            57,910
Depreciation                                -          -         -               5,248
Reclamation  and  miscellaneous           3,385      3,565     3,628            74,456
Loss  on  partnership  venture              -          -         -              53,402
Equipment  repairs                          -          -         -              25,170
Royalties                                   -          -         -               1,381
Insurance                                   -          -         -               1,157
Amortization of organization costs          -          -         -                 483
Contract labor, supplies, and freight       -          -         -               1,745
                                       ---------  --------  --------  ------------------
                                         58,997     58,992    56,326         1,716,672
                                       ---------  --------  --------  ------------------
NET  LOSS                              $ 57,812   $ 30,681  $ 31,828  $      1,163,925
                                       =========  ========  ========  ==================
Loss per share of stock outstanding    $ .00683   $ .00367  $.00376
                                       =========  ========  ========
</TABLE>







See  accompanying  notes  to  financial  statements.


DOCUMENT PAGE: 11 of 28
<PAGE>
LITTLE  SQUAW  GOLD  MINING  COMPANY
(a  development  stage  company)
STATEMENTS  OF  CASH  FLOWS
<TABLE>
                                                                      From Inception
                                                                     (March 26, 1959)
                                        Years Ended December 31,          Through
                                       -----------------------------     December 31,
                                        1999        1998     1997           1999
                                       ---------  --------  --------  ------------------
<C>                                    <S>        <S>       <S>      <S>
INCREASE  (DECREASE)  IN  CASH
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss                               $ (57,812) $(30,681) $(31,828) $     (1,163,925)
  Adjustments to reconcile net loss
    to net cash provided by (used in)
    operating  activities:
      Depreciation and amortization          -         -         -               5,733
      Stock and options issued for
      salaries  and  fees                    -         -      (6,250)          184,782
(Increase) decrease in current assets:
    Accounts  receivable                    (217)     (181)      285              (398)
    Inventory                               (590)   (4,810)   (2,016)          (25,871)
Increase (decrease) in
  current liabilities:
    Accounts  payable                       (741)      699     6,224            20,018
    Accrued payroll                       38,400    38,400    38,400           224,650
    Accrued and withheld payroll taxes     2,937     2,935     2,451            16,966
    Other accrued expense                    -         -         -              20,000
                                       ---------  --------  --------  ------------------
Net cash provided by (used in)
  operating activities                   (18,023)    6,362     7,266           (718,045)
                                       ---------  --------  --------  ------------------
CASH FLOWS FROM INVESTING ACTIVITIES:
Receipts attributable to unrecovered
  promotional, exploratory, and
  development  costs                         -         -         -             626,942
Sale  of  equipment                          -         -         -              60,000
Investment in certificates of deposit        -         -     (10,000)          (10,000)
Additions to plant, equipment, and
  unrecovered  promotional,
  exploratory, and development costs         -         -         -            (343,368)
                                       ---------  --------  --------  ------------------
Net cash provided by (used in)
  Investing activities                       -         -     (10,000)          333,574
                                       ---------  --------  --------  ------------------
CASH FLOWS FROM FINANCING ACTIVITIES:
Issuance  of  common  stock                  -         -         -             400,481
Acquisition  of treasury stock               -         -         -              (8,174)
Organizational  costs                        -         -         -                (483)
                                       ---------  --------  --------  ------------------
Net cash provided by financing
  activities                                 -         -         -             391,824
                                       ---------  --------  --------  ------------------
NET INCREASE (DECREASE) IN CASH          (18,023)    6,362    (2,734)            7,353
CASH,  BEGINNING  OF YEAR/PERIOD          25,376    19,014    21,748               -
                                       ---------  --------  --------  ------------------
CASH, END OF YEAR/PERIOD               $   7,353  $ 25,376  $ 19,014  $          7,353
                                       =========  ========  ========  ==================
</TABLE>
DOCUMENT PAGE: 12 of 28
See  accompanying  notes  to  financial  statements.
<PAGE>
*Begin Landscape Page Orientation And 9pt Type Size*
LITTLE SQUAW GOLD MINING COMPANY
(a development stage company)
Statement of Stockholders' Equity
From Inception (March 26, 1959) through December 31, 1999

<TABLE>
                                                                                                  Deficit
                    Shares Issued for     Basis of                  Common Stock                  Accumulated
                  ----------------------  Assignment of Amount  --------------------  Additional  During the   Trea-
                        Noncash           for Noncash                                 Paid-in     Development   sury
Year  Transaction Cash  Consideration     Consideration         Shares     Par Value  Capital     Stage        Stock     Total
----  ----------- ----  ----------------  --------------------  ---------  ---------  ----------  -----------  --------  ---------
<C>   <C>         <C>   <C>               <C>                   <S>        <S>        <S>         <S>          <S>       <S>
1959  Issuance of
        shares      X   )                 )                       441,300  $  44,130  $     -     $      -     $   -     $    -
      Net loss                                                        -          -          -           (428)      -       43,702
1960  Issuance of
        shares      X   )                 )                       443,780     43,378        -            -         -          -
      Net loss                                                        -          -          -           (769)      -       86,311
1961  Issuance of
         shares     X   )                 )                       306,620     30,662        -            -         -          -
      Issuance of
         shares     X   )                 )                        25,010      2,501      5,002          -         -          -
      Net loss                                                        -          -          -        (12,642)             111,834
1962  Issuance of
         shares     X   )                 )                       111,239     11,124        -            -         -          -
      Issuance of
         shares     X   )                 )                       248,870     24,887     49,773          -         -          -
      Issuance of
          shares        )Mining leases    )Par value of
                        )                 ) stock issued          600,000     60,000        -            -         -          -
      Net loss                                                        -          -          -         (5,078)             252,540
1963  Issuance of
          shares    X   )                 )                       223,061     22,306        -            -         -          -
      Issuance of
          shares    X   )                 )                        27,000      2,700      5,400          -         -          -
      Sale of option    )                 )                           -          -          110          -         -          -
      Net loss                                                        -          -          -         (5,995)      -      277,061
1964  Net loss                                                        -          -          -         (8,913)      -      268,148
1965  Issuance of
           shares   X   )                 )                        19,167      1,917      3,833          -         -          -
      Issuance of
            shares      )Salaries         )Price per share issued
                        )                 ) for cash during period 19,980      1,998      3,996          -         -          -
      Net loss                                                        -          -          -         (9,239)             270,653

(continued next page)
</TABLE>
See accompanying notes to financial statements.
DOCUMENT PAGE 13 OF 28
<PAGE>
LITTLE SQUAW GOLD MINING COMPANY
(a development stage company)
Statement of Stockholders' Equity (continued)
From Inception (March 26, 1959) through December 31, 1999
<TABLE>
                                                                                                  Deficit
                    Shares Issued for     Basis of                  Common Stock                  Accumulated
                  ----------------------  Assignment of Amount  --------------------  Additional  During the   Trea-
                        Noncash           for Noncash                                 Paid-in     Development   sury
Year  Transaction Cash  Consideration     Consideration         Shares     Par Value  Capital     Stage        Stock     Total
----  ----------- ----  ----------------  --------------------  ---------  ---------  ----------  -----------  --------  ---------
<C>   <C>         <C>   <C>               <C>                   <S>        <S>        <S>         <S>          <S>       <S>
1966  Issuance of
          shares    X   )                 )                       29,970   $  2,997   $     -     $      -     $   -     $    -

      Issuance of
          shares    X   )                 )                        5,200        520         520          -         -          -

      Net loss                                                       -          -           -         (7,119)      -      267,571
1967  Issuance of
          shares    X   )                 )                        3,700        370         740          -         -          -
      Issuance of
          shares        )Engineering and  )Par value of
                        ) management fees ) stock issued          24,420      2,442         -            -         -          -
      Issuance of
          shares        )Auditing fees    )                        2,030        203         406          -         -          -
      Net loss                                                       -          -           -         (5,577)      -      266,155
1968  Issuance of
          shares    X   )                 )                       64,856      6,486      12,971          -         -          -
      Issuance of
          shares        )Salaries         )Price per share        19,980      1,998       3,996          -         -          -
      Issuance of       )                 ) issued for cash
          shares        )Directors' fees  ) during period         30,000      3,000       6,000          -         -          -
      Net loss                                                       -          -           -         (7,322)      -      293,284
1969  Issuance of
          shares    X                                             12,760      1,276       2,552          -         -          -
      Issuance of
          shares    X                                            338,040     33,804      85,432          -         -          -
      Issuance of
          shares        )Salaries         )Approximate price
                        )                 ) per share             24,000      2,400       4,800          -         -          -
      Issuance of
          shares        )Consideration for)issued for cash
                        ) co-signatures   )during period          50,004      5,000      10,001          -         -          -
      Net income                                                     -          -           -          2,272       -      440,821
(continued next page)
</TABLE>
See accompanying notes to financial statements.


DOCUMENT PAGE 14 OF 28
<PAGE>
LITTLE SQUAW GOLD MINING COMPANY
(a development stage company)
Statement of Stockholders' Equity (continued)
From Inception (March 26, 1959) through December 31, 1999
<TABLE>
                                                                                                  Deficit
                    Shares Issued for     Basis of                  Common Stock                  Accumulated
                  ----------------------  Assignment of Amount  --------------------  Additional  During the   Trea-
                        Noncash           for Noncash                                 Paid-in     Development   sury
Year  Transaction Cash  Consideration     Consideration         Shares     Par Value  Capital     Stage        Stock     Total
----  ----------- ----  ----------------  --------------------  ---------  ---------  ----------  -----------  --------  ---------
<C>   <C>         <C>   <C>               <C>                   <S>        <S>        <S>         <S>          <S>       <S>
1970  Issuance of
          shares    X   )                 )                        1,000   $    100   $     400   $      -     $   -     $    -
      Issuance of
          shares        )Salaries         )Price per share
                        )                 ) issued for cash in
                        )                 ) prior period           1,500        150         300          -         -          -
      Issuance of
          shares        )Salaries         )Price per share
                        )                 ) issued for cash in
                        )                 ) current period           444         44         178          -         -          -
      Net loss                                                       -          -           -         (8,880)      -      433,113
1971  Issuance of
          shares    X                                             13,000      1,300       1,500          -         -          -
      Issuance of
          shares        )Purchase of      )
                        ) assets of       )
                        ) Chandalar Mining)Par value of stock
                        ) & Milling Co.   ) issued               336,003     33,600         -            -         -          -
      Net loss                                                       -          -           -         (2,270)      -      467,243
1972  Issuance of
          shares        )Purchase of      )
                        ) assets of       )
                        ) Chandalar Mining)Par value of stock
                        ) & Milling Co.   ) issued               413,997    41,400          -            -         -          -
     Issuance of
          shares        )Additional       )
                        ) exploratory and )
                        ) development costs)
                        ) through payment )
                        ) of Chandalar    )
                        ) Mining & Milling)Dollar value of
                        ) Co. liabilities ) liabilities paid      55,657     5,566       15,805          -         -          -
(continued next page)
</TABLE>

See accompanying notes to financial statements.


DOCUMENT PAGE 15 OF 28
<PAGE>
LITTLE SQUAW GOLD MINING COMPANY
(a development stage company)
Statement of Stockholders' Equity (continued)
From Inception (March 26, 1959) through December 31, 1999
<TABLE>
                                                                                                   Deficit
                     Shares Issued for     Basis of                  Common Stock                  Accumulated
                   ----------------------  Assignment of Amount  --------------------  Additional  During the   Trea-
                         Noncash           for Noncash                                 Paid-in     Development   sury
Year  Transaction  Cash  Consideration     Consideration         Shares     Par Value  Capital     Stage        Stock     Total
----  -----------  ----  ----------------  --------------------  ---------  ---------  ----------  -----------  --------  ---------
<C>   <C>          <C>   <C>               <C>                   <S>        <S>        <S>         <S>          <S>       <S>
      Receipt of  )                                                         $          $           $            $         $
      Treasury    )
      stock in    )
      satisfaction)
      of accounts )
      receivable  )
      and invest- )
      ment in Chan-)
      dalar Mining)
      & Milling Co)                                               (125,688)   (12,569)       (977)            -    (13,546)       -
      Issuance of
         shares          )Mining claims  )Par value of stock
                         )               ) issued                2,240,000    224,000                        -     13,527        -
      Net loss                                                         -          -           -          (65,175)     -      675,274
1973  Net loss                                                         -          -           -          (16,161)     -      659,113
1974  Net loss                                                         -          -           -          (13,365)     -      645,748
1975  Net loss                                                         -          -           -          (15,439)     -      630,309
1976  Net loss                                                         -          -           -           (5,845)     -      624,464
1977  Issuance of
         shares          )Purchase of    )
                         )assets of      )
                         )Mikado Gold    )Par value of stock
                         )Mines          ) issued                1,100,100    110,010         -              -        -          -
      Net loss                                                                                         (15,822)     -      718,652
1978  Issuance of
         shares          )Mining claims  )Par value of stock
      Issuance of        )               )issued                   400,000     40,000         -              -        -          -
         shares          )Directors' fees)                          40,000      4,000       3,200            -        -          -
      Issuance of
         shares          )Management fees,)
                         )notes payable, )
                         )and accrued    )Approximate market
                         )interest       )price per share          109,524     10,952       8,762            -        -          -
      Net loss                                                         -          -           -           (39,144)    -      746,422
(continued next page)
</TABLE>
See accompanying notes to financial statements.

DOCUMENT PAGE 16 OF 28
<PAGE>
LITTLE SQUAW GOLD MINING COMPANY
(a development stage company)
Statement of Stockholders' Equity (continued)
From Inception (March 26, 1959) through December 31, 1999
<TABLE>
                                                                                                   Deficit
                     Shares Issued for     Basis of                  Common Stock                  Accumulated
                   ----------------------  Assignment of Amount  --------------------  Additional  During the   Trea-
                         Noncash           for Noncash                                 Paid-in     Development   sury
Year  Transaction  Cash  Consideration     Consideration         Shares     Par Value  Capital     Stage        Stock     Total
----  -----------  ----  ----------------  --------------------  ---------  ---------  ----------  -----------  --------  ---------
<C>   <C>          <C>   <C>               <C>                   <S>        <S>        <S>         <S>          <S>       <S>
1979  Net loss                                                         -    $    -     $    -      $    (18,388)$   -     $728,034
1980  Net loss                                                         -         -          -           (34,025)    -      694,009
1981  Net loss                                                         -         -          -           (32,107)    -      661,902
1982  Issuance of
         shares          )Directors' fees  )Approximate market
                         )                 ) price per share        40,000     4,000     20,000             -       -          -
      Net loss                                                         -          -          -           (70,165)    -      615,737
1983  Net loss                                                         -          -          -           (10,416)    -      605,321
1984  Net loss                                                         -          -          -           (63,030)    -      542,291
1985  Issuance of
         shares          )Directors' fees  )Approximate market
                         )                 ) price per share        40,000      4,000     12,000             -       -          -
      Net loss                                                         -          -          -           (78,829)    -      479,462
1986  Issuance of
         shares    X                                                44,444      4,444      5,556             -       -          -
      Net loss                                                         -          -          -           (32,681)    -      456,781
1987  Issuance of
         shares          )Officer salary   )                       166,000     16,600     18,500             -       -          -
      Issuance of        )                 )Approximate
         stock option    )Legal fees       ) market price per          -          -       12,360             -       -          -
      Issuable shares    )Directors' fees  ) share                     -          -        4,095             -       -          -
      Issuance of
         stock option    )Equipment        )Value of equipment         -          -       60,000             -       -          -
      Net loss                                                         -          -          -           (48,057)    -      520,279
1988  Issuance of
          shares         )Officer salary   )Approximate            194,444     19,444     (1,944)            -       -          -

      Issuance of        )                 ) market
          stock option   )Legal fees       ) price per                 -          -        6,200             -       -          -
      Issuable shares    )Directors' fees  ) per share                 -          -        1,080             -       -          -
      Issuance of        )Settlement of
           shares        ) stock option    )Approximate market
                                           ) price when option
                                           ) was granted            58,860     5,886     (5,886)            -       -          -
(continued next page)
</TABLE>
See accompanying notes to financial statements.

DOCUMENT PAGE 17 OF 28
<PAGE>
LITTLE SQUAW GOLD MINING COMPANY
(a development stage company)
Statement of Stockholders' Equity (continued)
From Inception (March 26, 1959) through December 31, 1999
<TABLE>
                                                                                                   Deficit
                     Shares Issued for     Basis of                  Common Stock                  Accumulated
                   ----------------------  Assignment of Amount  --------------------  Additional  During the   Trea-
                         Noncash           for Noncash                                 Paid-in     Development   sury
Year  Transaction  Cash  Consideration     Consideration         Shares     Par Value  Capital     Stage        Stock     Total
----  -----------  ----  ----------------  --------------------  ---------  ---------  ----------  -----------  --------  ---------
<C>   <C>          <C>   <C>               <C>                   <S>        <S>        <S>         <S>          <S>       <S>
1988  Issuance of                                                           $          $           $            $         $
(cont)  shares           )Settlement of    )
                         )stock right      )Approximate market
                         )                 ) price when right
                         )                 ) was granted           19,500      1,950      (1,950)          -         -         -
      Net loss                                                        -          -           -         (46,961)      -     498,098
1989  Issuance of
          shares         )Settlement of    )
                         ) stock option    )Approximate market
                         )                 ) price when option
                         )                 ) was granted           68,888      6,889      (6,889)          -         -         -
      Issuance of
          shares         )Settlement of    )
                         ) stock right     )Approximate market
                         )                 ) price when right
                         )                 ) was granted           12,000      1,200      (1,200)          -        -          -
      Net loss                                                        -          -           -         (59,008)     -      439,090
1990  Net loss                                                        -          -           -         (37,651)     -      401,439
1991  Issuance of
          shares         )Directors' fees  )Approximate market
                         )                 ) price per share      24,000       2,400         -             -        -          -
      Purchase of
          20,000
          treasury
          shares      X                                              -           -           -             -     (1,500)   360,164
      Net loss                                                       -           -           -         (42,175)     -          -

1992  Purchase of
          32,000
          treasury
          shares      X                                              -           -           -             -     (1,680)       -
      Net loss                                                       -           -           -         (41,705)     -          -
1993  Net loss                                                       -           -           -         (71,011)     -          -

(continued next page)
</TABLE>

See accompanying notes to financial statements.
DOCUMENT PAGE 18 OF 28
<PAGE>
LITTLE SQUAW GOLD MINING COMPANY
(a development stage company)
Statement of Stockholders' Equity (continued)
From Inception (March 26, 1959) through December 31, 1999
<TABLE>
                                                                                                   Deficit
                     Shares Issued for     Basis of                  Common Stock                  Accumulated
                   ----------------------  Assignment of Amount  --------------------  Additional  During the   Trea-
                         Noncash           for Noncash                                 Paid-in     Development   sury
Year  Transaction  Cash  Consideration     Consideration         Shares     Par Value  Capital     Stage        Stock     Total
----  -----------  ----  ----------------  --------------------  ---------  ---------  ----------  -----------  --------  ---------
<C>   <C>          <C>   <C>               <C>                   <S>        <S>        <S>         <S>          <S>       <S>
1994  Issuance of                                                           $          $           $            $         $
         stock           )Officer compen-  )Approximate market
         option          ) sation          ) price per share           -         -         6,250           -         -         -
      Net loss                                                         -         -           -         (43,793)      -         -

1995  Issuance of
          shares         )Officer compen-  )Approximate market
                         ) sation          )price per share        153,846    15,385       4,615           -        -           -
      Purchase of
          65,000
          treasury
          shares     X                                                 -          -          -             -     (4,975)        -
      Net loss                                                         -          -          -         (30,728)     -           -
1996  Net loss                                                         -         -           -         (39,963)     -           -
                                                                 ---------  ---------  ----------  -----------  --------  ---------
Balances,
December 31, 1996                                                8,468,506   846,850     357,487    (1,043,604)  (8,174)    152,559
1997  Expiration of
         stock option                                                  -         -        (6,250)          -        -        (6,250)
      Net loss                                                         -         -           -         (31,828)     -       (31,828)
                                                                 ---------  ---------  ----------  -----------  --------  ---------
Balances,
December 31, 1997                                                8,468,506  $846,850   $ 351,237   $(1,075,432) $(8,174)  $(114,481)
                                                                 ---------  ---------  ----------  -----------  --------  ---------
1998  Net loss                                                         -         -            -        (30,681)     -       (30,681)
                                                                 ---------  ---------  ----------  -----------  --------  ---------
Balances,
December 31, 1998                                                8,468,506  $846,850   $ 351,237   $(1,106,113) $(8,174)  $  83,800
1999  Net loss                                                         -         -            -        (57,812)     -       (57,812)
                                                                 ---------  ---------  ----------  -----------  --------  ---------
Balances,
December 31, 1999                                                8,468,506  $846,850   $ 351,237   $(1,163,925) $(8,174)  $  25,988
                                                                 =========  =========  ==========  ===========  ========  =========
</TABLE>



See accompanying notes to financial statements.
DOCUMENT PAGE 19 OF 28
<PAGE>
LITTLE  SQUAW  GOLD  MINING  COMPANY
(a  development  stage  company)
Notes  to  Financial  Statements


NOTE  1  --  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES:

Nature  of  Operations:

The  Company  owns  various  patented  and  unpatented  mining claims in Alaska.
Placer  mining of certain claims has been performed by a lessee.  The Company is
considered  to  be a develop-ment stage company, as only nominal operations have
occurred  to  date.  Planned principal operations include lode mining of claims.
The  Company  operates  in  one  reportable  segment,  mining  operations.

Basis  of  Presentation:

These  financial  statements  are  presented  on the basis that the Company is a
going concern, which contemplates the realization of assets and the satisfaction
of  liabilities  in  the  normal  course of business over a reasonable length of
time.  The  accompanying  1999  financial  statements  show  current liabilities
exceeding current assets by approximately $238,000, a deficit accumulated in the
development   stage   of  approximately  $1,164,000,   stockholders'  equity  of
approximately $26,000, and a net loss of approximately $58,000.  In addition, as
discussed  in  note  2,  the Company's placer mining lessee has defaulted on its
obligations  to  the  Company.

Management's  plans  for  the  continuation  of  the  Company as a going concern
include  the  reduction  of operating expenses to the extent possible, continued
deferral of payment of officers' accrued compensation, obtaining a placer lessee
to  operate certain placer mining claims, and ultimately to obtain a lode mining
lessee.  In  addition,  some  unpatented claims are being abandoned to eliminate
the  costs  of  state  fees and minimum assessment work required to maintain the
claims.  There  are  no  assurances  with respect to the future success of these
plans.

Gold  Inventory:

Such  asset, representing a mineral royalty received from a placer mining lease,
is  stated  at  net realizable market value.  Inventory market value adjustments
are  included  in  royalty  income.

Plant,  Equipment,  and  Accumulated  Depreciation:

Such  assets  are  based  at cost--cost determined by cash, cash items, or value
received for shares of the Company's common stock issued therefor.  The mine and
mill build-ings and equipment are located on Company-owned mining claims located
in  the Chandalar Mining District of Alaska.  A small amount of office equipment
is located at Company offices in Spokane, Washington.  All such assets are fully
depreciated.











DOCUMENT PAGE 20 0F 28
<PAGE>
LITTLE  SQUAW  GOLD  MINING  COMPANY
(a  development  stage  company)
Notes  to  Financial  Statements

NOTE  1  --  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES (Continued):

Mining  Claims:

In  April  1978,  the  Company  acquired  certain patented and unpatented mining
claims  located in the Chandalar Mining District from a partnership, a member of
which  is  an  of------ficer/stockholder  of  the  Company.  In exchange for the
mining  claims,  the  Company  issued  400,000 shares of its previously unissued
shares.  A  2  percent  gross royalty interest was retained by the partner-ship.
Management  assigned  a value of $40,000 to the claims which is equal to the par
value of the common stock issued.  Any other basis for assign-ing values was not
determinable.

In  May  1972,  the Company acquired from a corporation and various individu-als
certain  patented  and  unpatented mining claims located in the Chandalar Mining
District  which  were  previously  leased.  Under  the  terms of the acquisition
agreement,  the  Company  issued  2,240,000  shares  of its previ-ously unissued
(2,114,312)  shares and treasury (125,688) shares and transferred certain placer
mining  equipment  for  such  claims.  In 1975, effective as of January 1, 1974,
management  assigned a value of $224,000 to the claims which is equal to the par
value of the common stock issued.  Any other basis for assign-ing values was not
determinable.  Manage-ment  believes  there has been no impairment in the values
assigned  to  the  mining claims, based on estimated mineral reserves present in
the  claims.

Estimates:

The  preparation  of  financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions that
affect  certain reported amounts and disclosures.  Significant estimates used in
preparing  these  financial  statements  include those assumed in estimating the
recoverability  of  the  cost  of  mining claims, accrued reclamation costs, and
deferred  tax  assets  and  related  valuation  allowance.  Actual results could
differ  from  those  estimates.

Federal  and  Alaska  Income  Taxes:

Income  tax  is  provided  for  the  tax effects of transactions reported in the
financial statements and consists of tax currently due plus deferred tax related
to  differences  between  the  basis of assets and liabilities for financial and
income  tax  reporting.  The  Company,  for  financial  statement  purposes, has
reduced  unrecovered  exploratory  and development  costs by the excess of lease
income  over  depreciation  and  sundry  direct  mine  costs.   For  income  tax
purposes,  such  items  have  been treated as income and expense.  Also, accrued
officers'  compensation  is  not  deductible for income tax purposes until paid.
Deferred tax assets and liabilities represent the future tax return consequences
of those differences, which will either be taxable or deductible when the assets
and  liabilities  are  recovered or settled.  A deferred tax asset, subject to a
valuation allowance, is also recognized for tax-basis net operating losses being
carried  forward.  See  note  6.

Loss  Per  Share:

Such  amounts (representing basic and diluted loss per share) are computed based
on  the  weighted  average  number  of  shares  out-standing  during  the  years
(8,351,403  in  1999,  1998,  and  1997).

DOCUMENT PAGE 21 0F 28
<PAGE>
LITTLE  SQUAW  GOLD  MINING  COMPANY
(a  development  stage  company)
Notes  to  Financial  Statements


NOTE  2  --  LEASE  OF  MINING  CLAIMS,  MINE AND MILL BUILDINGS, AND EQUIPMENT:

Beginning in 1989, the Company entered into a placer mining lease with Gold Dust
Mines,  Inc.  (Gold  Dust)  covering  placer  mining  rights  on  certain of the
Company's  mining  claims  on  creek  drainages.  The  lease provided for annual
advance  rentals  of  $7,500  per creek drainage mined plus an 8 percent royalty
from  placer  gold production.  During the period 1997 through 1999, Gold Dust's
placer  mining  was limited to one drainage.  Lease fees of $7,500 were received
in  both  1997 and 1998, along with production royalties paid in gold.  In 1999,
however,  Gold  Dust failed to pay the $7,500 lease fee on the creek drainage it
mined,  and  a portion of the 1999 production royalties owed to the Company were
also  not  paid.  In  February 2000, the owners of Gold Dust (guarantors of Gold
Dust's  obligations  to the Company) declared bankruptcy.  The 1999 unpaid lease
fee  ($7,500)  and production royalties (estimated at approximately $2,500) were
not  reported as assets and revenue in the accompanying financial statements, as
such  amounts  have  been  reduced  in  full  by  a  valuation  allowance.

For  1998,  the  Company  also entered into a placer mining lease with Day Creek
Mining  Co.  and  lease  fees  of  $15,000  were  received in 1998.  The Company
cancelled  the  lease  in  1999.

NOTE  3  --  RELATED  PARTIES:

Included  in  expenses  for  the  years presented are legal fees for services as
corporate  counsel  by Hollis H. Barnett, a stockholder, director, and secretary
of  the  Company.

Legal  fees of Mr. Barnett charged to expense totalled $2,509 in 1999, $1,525 in
1998,  and  $5,884  in  1997.  Accounts  payable  for unpaid legal fees totalled
$20,000  and  $20,577  at  December  31,  1999  and  1998,  respectively.

NOTE  4  --  COMMON  STOCK:

The  Company's  former  president was granted an option to acquire up to 250,000
restricted  shares  of  the  Company's common stock during the three-year period
beginning  June  1,  1994.  The  option  was  not exercised by June 1, 1997, and
expired.  Previously accrued stock option compensation of $6,250 was reversed as
a  reduction  in  management  fees  and  expenses  in  1997.

NOTE  5  --  RECLAMATION  COSTS:

The  Company  has  accrued  a liability of $20,000 as an estimated total cost of
reclamation  at  December  31,  1999  and  1998.  This  cost relates to remedial
actions at a single location to clean up ground contamination as required by the
State  of  Alaska.  An  outside  consultant  has estimated the clean-up costs at
$20,000  to  $30,000.










DOCUMENT PAGE 22 0F 28
<PAGE>
LITTLE  SQUAW  GOLD  MINING  COMPANY
(a  development  stage  company)
Notes  to  Financial  Statements

NOTE  6  --  INCOME  TAXES:

At  December  31,  1999 and 1998, the Company had deferred tax assets which were
fully  reserved  by valuation allowances.  Following are  the components of such
assets  and  allowances:

<TABLE>
                                                            December 31,
                                                        1999           1998
                                                   --------------  -------------
<S>                                                <C>             <C>
Deferred tax assets arising from:

Unrecovered promotional, exploratory, and
development costs                                  $      56,000   $     56,000
Accrued compensation                                      34,000         27,000
Net operating loss carryforwards                          41,000         42,000
                                                   --------------  -------------
                                                         131,000        125,000
                                                   --------------  -------------
Less valuation allowance                                 131,000        125,000
                                                   --------------  -------------
Net deferred tax assets                            $           -   $          -
                                                   ==============  =============
</TABLE>

At  December  31,  1999,  the  Company  had federal tax-basis net operating loss
carryforwards  totalling  approximately  $276,000  which  will expire in various
amounts  from  2000  through  2020.  Changes in the deferred tax asset valuation
allowance  for  1999,  1998,  and  1997  relate only to corresponding changes in
deferred  tax  assets  for  those  years.


























DOCUMENT PAGE 23 0F 28
<PAGE>
                         LITTLE SQUAW GOLD MINING COMPANY
                                    Form 10-K
                        For the year ended December 31, 1999


ITEM  9.     DISAGREEMENTS  ON  ACCOUNTING  AND  FINANCIAL  DISCLOSURE

     There  has  been  no change in accountants for over 10 years and there have
been no disagreements regarding any matter or accounting principles or practices
or  financial  statement  disclosures.


                                   PART  III

ITEM  10.     DIRECTORS  AND  EXECUTIVE  OFFICERS

     (a)  Identification  of  Directors

<TABLE>
Name  (age)               Position  and  Offices
of  Director              Held  (Year  First  Elected)    Principal Occupation
------------------------  ------------------------------  --------------------
<S>                       <C>                             <C>
Eskil  Anderson           President  &  Director          Consulting  Geologist
  (86)                    1972                            Spokane,  Washington

Stewart A. Jackson PH.D   Vice  President                 Mining  Geologist
(58)                      and  Director  (October 1993)   Littleton,  Colorado

Leonard C. Havlis          Director                       Computer  Programmer
(71)                       1972                           Seattle  School  Dist.
                                                          Seattle,  Washington

Ellamae  Anderson          Director                       Graduate  Gemologist
(77)                       October,  1986                 and  Gem  Appraiser
                                                          Spokane,  Washington

Hollis  H.  Barnett        Secretary and Director         Attorney  at  Law
(60)                       October,  1986                 Campbell, Dille, &
                                                          Barnett  P.L.L.C.
                                                          Puyallup,  Washington
</TABLE>
     There  are  no  arrangements or understandings between any of the foregoing
persons  and  any other person or persons pursuant to which any of the foregoing
persons  were  named  as  Directors.

     (b)  Identification  of  Executive  Officers

NAME  OF  OFFICER       AGE     OFFICE  HELD
----------------------  ---  -------------------------
Eskil  Anderson          86     President

Stewart  A.  Jackson     58     Vice  President

Hollis  H.  Barnett      60     Secretary

     There  are  no  arrangements or understandings between any of the foregoing
persons  and  any other person or persons pursuant to which any of the foregoing
persons  were  named  as  executive  officers.


DOCUMENT PAGE 24 0F 28
<PAGE>
                         LITTLE SQUAW GOLD MINING COMPANY
                                    Form 10-K
                        For the year ended December 31, 1999

     (c)  Not  Applicable.

     (d)  Eskil  Anderson  and Ellamae Anderson are husband and wife.  Hollis H.
Barnett is married to Eskil and Ellamae Anderson's daughter.  There are no other
"family  relationships"  as that term is defined under the instructions for Form
10-K  existing  between  any  of  the  Registrant's  executive  officers.

     (e)(1)  Eskil  Anderson  is  an  independent  consulting  geologist and has
practiced  as  an  independent  consulting  geologist for over 40 years.  He had
served  as President for the Registrant for many years and stepped down to allow
Stewart  Jackson  to  become President in May 1994.  In April 1996, Mr. Anderson
was  again  elected  President.

     Hollis  H.  Barnett  is  a practicing attorney, having practiced law for 31
years,  and  has  served the Registrant as Director and Secretary since October,
1986.

     Leonard  C.  Havlis  is  retired  from the Seattle School District, and has
served  as  a  director  of  the  Registrant  since  1972.

     Ellamae  Anderson  is  a  graduate  Gemologist  of  the G.I.A. (Gemological
Institute  of  America), is a gem appraiser, and has a small gemological service
business.  She  assisted  the corporation Secretary from 1972 to present and was
the  corporation's  transfer agent from 1972 to 1980.  She was a trustee for the
N.W.  Mining  Association  from  1977-79  and founded and produced the first two
issues  of the annual N.W. Mining Association Service Directory.  She has been a
Director  since  October,  1986.

     Stewart  A. Jackson, Ph.D., has been a Mining Geologist for many years, and
has  been  affiliated  with  several  mining  corporations.  His  office  is  in
Littleton,  Colorado,  where  he  is  actively  engaged in mining ventures.  Mr.
Jackson  serves  on  the  board  of  directors  of  Monument  Resources,  Inc.,
Continental Precious Minerals, Inc., Jopeck Resources, LTD., and as president of
Layfield  Resources,  Inc.,  all public companies involved in mining activities.
Mr.  Jackson  is  an  experienced  professional  with  30  years  in the mineral
industry,  involved in the exploration and development of both base and precious
metal  deposits  in  a  wide  range  of  environments  for  both large and small
companies.

        (2) None of the directors is also a director of any company with a class
of  securities  registered pursuant to Section 12 of the Exchange Act or subject
to  Section  15(d) of the Act, or of any company registered under the Investment
Company  Act  of  1940  except  Stewart  A.  Jackson.

     (f)  Involvement  in  Certain  Legal  Proceedings:  None

     (g)  Promoters  and  Control  Person:  Not  Applicable

ITEM  11.     EXECUTIVE  COMPENSATION

     A summary of cash and other compensation for the Company's president (chief
executive  officer)  for  the  first  three  most  recent  years  as  follows:





DOCUMENT PAGE 25 0F 28
<PAGE>
                         LITTLE SQUAW GOLD MINING COMPANY
                                    Form 10-K
                        For the year ended December 31, 1999


<TABLE>
                    SUMMARY COMPENSATION TABLE
                       Annual Compensation

Name and Principal      Fiscal                        All other
Position                Year        Salary (a)        Compensation
----------------------  ------  ------------------   --------------
<S>                     <C>         <C>               <C>
Eskil  Anderson,         1999      $34,850                -0-
President                1998      $34,850                -0-
                         1997      $34,850                -0-
Each  other  executive
officer  having  over
$100,000  of  annual
compensation             None       None
</TABLE>

(a)     Salary  includes  both  cash  and  accrued  salary  for  the  year.

   (b)     For  the  period  1993-1999  there  is  accrued  salary owed to Eskil
Anderson of $200,350; and to Ellamae Anderson for secretary services of $24,300;
and  the  sum  of  $20,000.00  to  Hollis  Barnett  for  legal  services.

ITEM  12.     SECURITY  OWNERSHIP  OF  CERTAIN  BENEFICIAL OWNERS AND MANAGEMENT

     (a)  Security  ownership  of  certain  beneficial  owners:

     (b)  Security  ownership  of  Management:

<TABLE>
Title of       Name  and  Address    Amount  and  Nature  of        Percent
Class          Beneficial  Owner     Beneficial  Ownership          of  Class
-------------  --------------------  -----------------------------  ---------
<S>            <C>                   <C>                            <C>
Common         Eskil  Anderson  &
               Ellamae  Anderson             784,577                  9.4%
               Spokane,  WA

Common         *Leonard  Havlis               50,466                   .6%
               Seattle,  WA

Common         Hollis  H.  Barnett           148,498                  1.8%
               Puyallup,  WA

Common         Stewart  Jackson              153,846                  1.8%
               Littleton,  CO

Common          Total of all officers      1,137,387 shares           13.6%
                And directors:             of  record  and
                                           beneficially
     *In addition to the shares beneficially owned, Leonard C. Havlis, director,
has  the right to vote an additional 9,500 shares as custodian under the Uniform
Gifts  to  Minors  Act.



DOCUMENT PAGE 26 0F 28
<PAGE>
                         LITTLE SQUAW GOLD MINING COMPANY
                                    Form 10-K
                        For the year ended December 31, 1999

     (c)  Changes  in  Control:

     There  are  no  arrangements known to the Registrant the operation of which
may  at  a  subsequent  time  result in the change of control of the Registrant.

ITEM  13.     CERTAIN  RELATIONSHIP  AND  RELATED  TRANSACTIONS

     There  are  no  transactions  or  series  of similar transactions since the
beginning  of  Registrant's  last  fiscal  year in which any of the directors or
executive  officers,  nominees for election as a director, security holder known
to  the  Registrant  to  be  owner of record, or beneficially, or more than five
percent  of any class of the Registrant's voting securities or any member of the
immediate  family  of any of the foregoing persons is involved, or any currently
proposed  transactions,  or  series  of  similar   transactions,  to  which  the
Registrant  or  any  of  its  subsidiaries was or is to be a party, in which the
amount  involved  exceeds  $60,000.00


                                   PART  IV

ITEM  14.     EXHIBITS,  FINANCIAL  STATEMENT SCHEDULES, AND REPORTS ON FORM 8-K

     (a)  The  following  documents  are  filed  as  a  part  of  the  report:

          1.  All  financial  statements;  see  Item  8.

          2.  There are  no financial statements schedules  required to be filed
              by Item 8 of  this  Form.

          3.  Exhibits  required  to  be  filed  by  Item 601 of Regulation S-K.
              Exhibit  No.  27--Financial  data  schedule

     (b)  Reports  on  Form  8-K.  No reports on Form 8-K have been filed during
          the  last  quarter  of  the  period  covered  by  this  report.

     (c)  Not  Applicable.

     (d)  Not  Applicable.

     (e)  The  company  has  determined  it  does   not  have  a  Y2K  disclosure
          requirement.
















DOCUMENT PAGE 27 0F 28
<PAGE>
                         LITTLE SQUAW GOLD MINING COMPANY
                                    Form 10-K
                        For the year ended December 31, 1999


                                    SIGNATURES

     Pursuant  to  the  requirements  of  Section  13 or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on
its  behalf  by  the  undersigned  thereunto  duly  authorized.

LITTLE  SQUAW  GOLD  MINING  COMPANY


Date:  April 10,  2000     By:  Eskil  Anderson
                        President  and  Director

     Pursuant  to  the requirements of the Securities Exchange Act of 1934, this
report  has  been  signed  below  by  the  following  persons  on  behalf of the
Registrant  and  in  the  capacities  and  on  the  dates  indicated.

                    LITTLE  SQUAW  GOLD  MINING  COMPANY


Date:  April 10,  2000           By:  Hollis  H.  Barnett
                        Secretary  and  Director



Date:  April 10,  2000     By:  Stewart  Jackson
                        Director  &  Vice  President



Date:  April 10,  2000     By:  Leonard  Havlis
                        Director

Date:  April 10,  2000           By:  Ellamae  Anderson
                                   Director























</TABLE>