<Page>

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D. C. 20549


                                   FORM 10-QSB

[X]  Quarterly Report under Section 13 or 15(d) of the Securities Exchange Act
     of 1934 for the Quarterly Period ended JUNE 30, 2001 or

[ ]  Transition Report Pursuant to Section 13 or 15(d) of the Securities
     Exchange Act of 1934 for the Transition Period from _____________ to
     ____________

Commission File Number 1-3753


                         UNITED PARK CITY MINES COMPANY
--------------------------------------------------------------------------------
        (exact name of small business issuer as specified in its charter)


            Delaware                                               87-0219807
-------------------------------                              -------------------
(State or other jurisdiction of                               (I.R.S. Employer
incorporation or organization.)                              Identification No.)


    P. O. Box 1450, Park City, Utah                                84060
----------------------------------------                     -------------------
(Address of principal executive offices)                         (Zip Code)


                                 (435) 649-8011
--------------------------------------------------------------------------------
                           (Issuer's telephone number)

Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 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 / /.

                     (APPLICABLE ONLY TO CORPORATE ISSUERS)

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date: AS OF AUGUST 07, 2001: 3,249,411
SHARES

Transitional Small Business Disclosure Format (check one): Yes / /   No /X/.

<Page>

                                                                     Form 10-QSB
                                                  United Park City Mines Company
                                                                   June 30, 2001
                                                                          Page 2

                         PART I - FINANCIAL INFORMATION
                 UNITED PARK CITY MINES COMPANY AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEET
                                   (Unaudited)

<Table>
<Caption>
                                                               June 30,
                                                                 2001
                                                             ------------
<S>                                                          <C>
ASSETS:
   Cash and cash equivalents ..........................      $    111,087
   Accounts receivable ................................           273,718
   Prepaid expenses ...................................            27,929
   Inventories ........................................            65,414
   Other ..............................................            45,419
                                                             ------------
                                                                  523,567
                                                             ------------
Real Estate:
   Subdivision development costs ......................         1,630,153
   Deferred development costs - other .................         6,973,358
                                                             ------------
                                                                8,603,511
                                                             ------------
Property and Equipment:
      Mine shaft, buildings, and equipment ............         3,214,838
      Construction-in-progress ........................           277,879
      Resort facilities ...............................            58,077
      Less accumulated depreciation ...................        (3,013,093)
                                                             ------------
                                                                  537,701

   Land less accumulated depletion of $1,062,190 ......        13,631,364
   Water rights .......................................           400,000
                                                             ------------
                                                               14,569,065
                                                             ------------
Total assets ..........................................      $ 23,696,143
                                                             ============
</Table>

               The accompanying notes are an integral part of the
                       consolidated financial statements.

<Page>

                                                                     Form 10-QSB
                                                  United Park City Mines Company
                                                                   June 30, 2001
                                                                          Page 3


                 UNITED PARK CITY MINES COMPANY AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEET
                                   (Unaudited)

<Table>
<Caption>
                                                                    June 30,
                                                                      2001
                                                                  ------------
<S>                                                               <C>
LIABILITIES AND STOCKHOLDERS' EQUITY:
   Liabilities:
      Accounts payable .....................................      $    994,265
      Accrued liabilities ..................................           584,499
      Bank notes payable ...................................         1,613,880
      Joint venture termination reimbursement accrual ......         2,532,028
      Accrued remediation costs ............................           388,782
                                                                  ------------
      Total liabilities ....................................         6,113,454
                                                                  ------------

   Stockholders' equity:
      Capital stock, $.01 par value:
        Authorized: 3,750,000 shares
        Issued: 3,249,411 shares ...........................            32,494
      Capital in excess of par value .......................        41,982,640
      Accumulated deficit ..................................       (24,248,661)
                                                                  ------------
                                                                    17,766,473

      Less cost of treasury stock - 1,294 shares ...........          (183,784)
                                                                  ------------
      Total stockholders' equity ...........................        17,582,689
                                                                  ------------
   Total liabilities and stockholders' equity ..............      $ 23,696,143
                                                                  ============
</Table>

               The accompanying notes are an integral part of the
                       consolidated financial statements.

<Page>

                                                                     Form 10-QSB
                                                  United Park City Mines Company
                                                                   June 30, 2001
                                                                          Page 4

                 UNITED PARK CITY MINES COMPANY AND SUBSIDIARIES
                      CONSOLIDATED STATEMENT OF OPERATIONS
                                   (Unaudited)

<Table>
                                                                 For Three months Ended                For Six months Ended
                                                              -----------------------------       -----------------------------
                                                               June 30,          June 30,           June 30,          June 30,
                                                                 2001              2000              2001              2000
                                                              -----------       -----------       -----------       -----------
<S>                                                           <C>               <C>               <C>               <C>
Revenues:
   Lot sales ...........................................      $        --       $   138,000       $        --       $ 1,135,000
   Contract services ...................................               --            48,823                --           106,040
   Interest ............................................              823            37,519             8,327            54,797
   Royalties and rentals ...............................           78,960            67,000           236,448           163,260
   Other ...............................................           21,410            25,151            54,996            98,704
                                                              -----------       -----------       -----------       -----------
                                                                  101,193           316,493           299,771         1,557,801
                                                              -----------       -----------       -----------       -----------
Expenses:
   Cost of lot sales and selling expense ...............           31,279           106,733            59,837           404,694
   General and administrative costs ....................          300,925           338,808           676,840           678,708
   Mine maintenance and administrative costs ...........          376,212           228,066           904,152           713,688
   Contract services costs .............................               --            38,349                --            78,007
   Depreciation ........................................            9,787            13,773            19,989            28,760
   Interest ............................................           10,754            14,090            13,111            28,544
                                                              -----------       -----------       -----------       -----------
                                                                  728,957           739,819         1,673,929         1,932,401
                                                              -----------       -----------       -----------       -----------
Loss before income taxes ...............................         (627,764)         (423,326)       (1,374,158)         (374,600)
                                                              -----------       -----------       -----------       -----------
   Income tax benefit ..................................               --                --                --                --
                                                              -----------       -----------       -----------       -----------
Net loss ...............................................      $  (627,764)      $  (423,326)      $(1,374,158)      $  (374,600)
                                                              ===========       ===========       ===========       ===========
Basic and diluted net loss per share ...................      $      (.19)      $      (.13)      $      (.42)      $      (.12)
                                                              ===========       ===========       ===========       ===========
Basic and diluted weighted average  number of shares
      outstanding ......................................        3,249,411         3,249,411         3,249,411         3,249,411
                                                              ===========       ===========       ===========       ===========
</Table>

              The accompanying notes are an integral part of the
                       consolidated financial statements.

<Page>

                                                                     Form 10-QSB
                                                  United Park City Mines Company
                                                                   June 30, 2001
                                                                          Page 5

                 UNITED PARK CITY MINES COMPANY AND SUBSIDIARIES
                      CONSOLIDATED STATEMENT OF CASH FLOWS
                                   (Unaudited)

<Table>
<Caption>
                                                                                     For Six months Ended
                                                                                 -----------------------------
                                                                                   June 30,          June 30,
                                                                                    2001               2000
                                                                                 -----------       -----------
<S>                                                                              <C>               <C>
Cash flows from operating activities:
      Net loss ............................................................      $(1,374,158)      $  (374,600)
                                                                                 -----------       -----------
      Adjustments to reconcile net loss to net cash used by operating
        activities:
           Depreciation ...................................................           19,989            28,760
           Increase (decrease) from changes in:
             Restricted cash ..............................................               --          (280,000)
             Accounts receivable ..........................................         (121,923)         (250,785)
             Prepaid expenses, inventories and other assets ...............           54,127            54,948
             Subdivision development costs ................................         (975,605)           58,405
             Deferred development costs - other ...........................         (882,155)         (284,670)
             Accounts payable and accrued liabilities .....................          786,700           365,669
             Accrued remediation costs ....................................         (115,535)          (62,970)
             Joint venture termination reimbursement accrual ..............           86,998                --
             Other ........................................................           (8,197)          (49,726)
                                                                                 -----------       -----------
                Total adjustments .........................................       (1,155,601)         (420,369)
                                                                                 -----------       -----------
                Net cash used by operating activities .....................       (2,529,759)         (794,969)
                                                                                 -----------       -----------
Cash flows from investing activities:
      Construction-in-progress ............................................           (4,596)           (4,520)
      Capital expenditures ................................................          (13,213)          (35,730)
      Land remediation costs ..............................................          (97,093)          (28,607)
                                                                                 -----------       -----------
                Net cash used by investing activities .....................         (114,902)          (68,857)
                                                                                 -----------       -----------
Cash flows from financing activities:
      Proceeds from bank notes payable ....................................        1,613,880           274,228
                                                                                 -----------       -----------
                Net cash provided by financing activities .................        1,613,880           274,228
                                                                                 -----------       -----------
Net decrease in cash and cash equivalents .................................       (1,030,781)         (589,598)
Cash and cash equivalents-beginning of period .............................        1,141,868         1,035,845
                                                                                 -----------       -----------
Cash and cash equivalents-end of period ...................................      $   111,087       $   446,247
                                                                                 ===========       ===========

</Table>

              The accompanying notes are an integral part of the
                       consolidated financial statements.

<Page>

                                                                     Form 10-QSB
                                                  United Park City Mines Company
                                                                   June 30, 2001
                                                                          Page 6


UNITED PARK CITY MINES COMPANY AND SUBSIDIARIES
SELECTED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)


NOTE 1 CONDENSED FINANCIAL STATEMENTS

A.   DISCLOSURE

Certain information and footnote disclosures normally included in financial
statements prepared in accordance with accounting principles generally accepted
in the United States of America have been condensed or omitted. It is suggested
that these financial statements should be read in conjunction with the 2000
Annual Report to Stockholders of United Park City Mines Company (hereinafter
"United Park" or "the Company" or "the Registrant") and the Form 10-QSB for the
period ended March 31, 2001.

B.   MANAGEMENT'S REPRESENTATION

The consolidated balance sheet as of June 30, 2001 and the consolidated
statement of operations for the three-month and six-month periods ended June 30,
2001 and June 30, 2000 and the statement of cash flows for the six-month periods
ended June 30, 2001 and 2000 have been prepared by the Registrant, without
audit. In the opinion of management, all adjustments necessary to present fairly
the financial position, results of operations, and cash flows at June 30, 2001
and for all periods presented, have been made.

NOTE 2 INDUSTRY SEGMENTS

The Company's reportable segments are strategic business units that offer
different products and services. They are managed separately because each
business requires different technology and marketing strategies. The Company is
organized into the following industry segments, and management accounts for
revenues and expenses from these activities separately and evaluates each of the
following segments based upon performance: Mine Maintenance and Real Estate. The
segment data here presented does not include intersegment revenues or charges
for corporate overhead costs.

<Table>
<Caption>
JUNE 30, 2001:                                        MINE
                                                   MAINTENANCE       REAL ESTATE           OTHER             TOTAL
                                                   -----------       ------------       -----------       -----------
<S>                                                <C>               <C>                <C>               <C>
Revenue .....................................      $    54,368       $    238,668       $     6,735       $   299,771
Operating income (loss) from continuing
   operations(1) ............................         (934,341)            15,445          (455,262)       (1,374,158)
Identifiable assets .........................          540,385         22,281,242           874,516        23,696,143
Depreciation ................................           11,394              1,758             6,837            19,989
Capital expenditures, including deferred
   real estate development costs ............            2,007          1,861,264           109,391         1,972,662

</Table>

<Table>
<Caption>
JUNE 30, 2000:                                        MINE
                                                   MAINTENANCE       REAL ESTATE           OTHER             TOTAL
                                                   -----------       ------------       -----------       -----------
<S>                                                <C>               <C>                <C>               <C>
Revenue .....................................      $   146,073       $  1,356,826       $    54,902       $ 1,557,801
Operating income (loss) from continuing
   operations(1) ............................         (705,430)           791,359          (460,529)         (374,600)
Identifiable assets .........................          605,217         18,060,180         1,513,972        20,179,369
Depreciation ................................           19,784              1,861             7,115            28,760
Capital expenditures, including deferred
   real estate development costs ............           26,478            496,588            46,885           569,951
</Table>

-------------------
(1)  Earnings before taxes

<Page>

                                                                     Form 10-QSB
                                                  United Park City Mines Company
                                                                   June 30, 2001
                                                                          Page 7

UNITED PARK CITY MINES COMPANY AND SUBSIDIARIES
SELECTED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)


NOTE 3 RESTRICTED CASH - DEER CREST AND BANK NOTES PAYABLE

In February 2000, the Company obtained a financing commitment from a local bank
totaling $560,000, for the purpose of installing improvements to eight lots in
the Deer Crest development. Interest on the outstanding borrowings is paid
monthly at 1/2 percent above the bank's prime lending rate. During August of
2000 the note was paid in full and cancelled. Two Deer Crest lots with related
improvements and restricted cash of $280,000 were released from collateral upon
cancellation of the note.

In May 2000, the Company received an additional financing commitment from the
same local bank totaling $725,000, for the purpose of installing improvements to
four other lots in the Deer Crest development. Interest on the outstanding
borrowings is paid monthly at 1/2 percent above the bank's prime lending rate.
During October of 2000 two of the lots collateralizing the note were sold. Upon
sale of the lots the outstanding balance was paid with the commitment being
reduced to $250,000. The collateral was reduced from four to two Deer Crest lots
with related improvements. There was no balance outstanding at May 1, 2001 when
the loan terminated. This financing commitment is in the process of being
renewed for one year.

During October 2000 the Company obtained a $1,000,000 revolving line of credit.
The purpose of this financing is to supplement cash flow needs of the Company.
Borrowings are collateralized by approximately 16 acres of land known as the
Spiro Tunnel. Interest on the outstanding borrowings is paid monthly at 1/2
percent above the bank's prime lending rate (prime rate was 6.75% at June 30,
2001). The initial maturity date is October 1, 2001. The outstanding borrowings
at June 30, 2001 were $891,000. The Company paid off the total outstanding
balance July 3, 2001.

The Company obtained a financing commitment totaling $3,030,000 in June 2001,
for the purpose of installing improvements to the Keetley development consisting
of approximately 30 acres. The development includes a commerce park,
multi-family housing and single family housing components. Interest on the
outstanding borrowings is paid monthly at 1/2 percent above the bank's prime
lending rate (prime rate was 6.75% at June 30, 2001). The loan term is
twenty-four months with an option to extend for an additional six months. The
outstanding borrowings at June 30, 2001 were $722,880. During July 2001, the
financing commitment was reduced to $2,080,000 due to an asset exchange
involving the multi-family housing component.

NOTE 4 JOINT VENTURE TERMINATION REIMBURSEMENT ACCRUAL

In July 1999, the Company signed a Letter of Understanding with Arizona-based
DMB Associates, Inc. ("DMB") to pursue a joint venture partnership to develop
the Flagstaff Mountain and Bonanza Mountain Resorts. The joint venture was
formed on June 15, 2000. Under the terms of the joint venture's operating
agreement, the Company was entitled to terminate the joint venture prior to
September 30, 2000, if it did not approve a business plan or budget provided by
DMB for the development of the subject properties. The parties to the joint
venture agreement were unable to agree upon or approve the business plan by
September 30, 2000, and mutually agreed to extend the date by which such
approval would be required to January 17, 2001. The joint venture was terminated
by the terms of the operating agreement at the expiration of the extension
period. The Company, as required by the operating agreement, will reimburse
joint venture development costs of $2,445,030 and accrued interest to DMB in
January of 2004. Interest is accrued at the lower of the prime rate (prime rate
was 6.75% at June 30, 2001) or 10% compounded yearly. The total accrued interest
of $86,998 at June 30, 2001 was capitalized into deferred development
costs-other.
<Page>

                                                                     Form 10-QSB
                                                  United Park City Mines Company
                                                                   June 30, 2001
                                                                          Page 8

MANAGEMENT'S DISCUSSION AND ANALYSIS
OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS


This Form 10-QSB may contain trend information and forward-looking statements
that involve risks and uncertainties. The actual results of operations of the
Company could differ materially from the Company's historical results of
operations and those discussed in such forward-looking statements as a result of
certain factors set forth in this section and elsewhere in this Form 10-QSB,
including information incorporated by reference.

LIQUIDITY AND CAPITAL RESOURCES

CASH FLOW ANALYSIS

The Company's cash balance decreased $1,030,781 during the first six months of
2001, leaving a cash balance of $111,087 as of June 30, 2001. On July 2, 2001
the Company sold a land parcel known as Willow Heights in Big Cottonwood Canyon
for $2,000,000. The Company will use a portion of the June 30, 2001 cash balance
along with a portion of the proceeds from the Willow Heights sale and expected
future real estate sales by the Company's wholly owned subsidiary, Blue Ledge
Corporation (hereinafter "Blue Ledge"), to fund its future operations. During
October 2000, the Company obtained a $1,000,000 line of credit with a local bank
to provide for the Company's additional cash flow needs. The Company borrowed
$891,000 of this available credit during the quarter ended June 30, 2001. The
outstanding balance as of July 3, 2001 was paid in full from proceeds of the
Willow Heights sale.

REAL ESTATE

Blue Ledge continued to have available for sale three lots in the Hidden Meadows
subdivision and two lots in the Deer Crest development project during the
six-month period ended June 30, 2001.

In July 1999, the Company signed a Letter of Understanding with DMB to pursue a
joint venture partnership to develop the Flagstaff Mountain and Bonanza Mountain
Resorts. The joint venture was formed on June 15, 2000. Under the terms of the
joint venture's operating agreement, the Company was entitled to terminate the
joint venture prior to September 30, 2000, if it did not approve a business plan
or budget provided by DMB for the development of the subject properties. The
parties to the joint venture agreement were unable to agree upon or approve the
business plan by September 30, 2000, and mutually agreed to extend the date by
which such approval would be required to January 17, 2001. The joint venture was
terminated by the terms of the operating agreement at the expiration of the
extension period. The Company, as required by the operating agreement, will
reimburse joint venture development costs of $2,445,030 and accrued interest to
DMB in January of 2004.

On July 2, 2001, the Company sold a land parcel known as Willow Heights in Big
Cottonwood Canyon for $2,000,000.

RESULTS OF OPERATIONS

2001 COMPARED WITH 2000

As previously stated under the LIQUIDITY AND CAPITAL RESOURCES - REAL ESTATE
section, Blue Ledge did not have any lot sales during the three-month or
six-month periods ended June 30, 2001. During the quarter ended June 30, 2000,
Blue Ledge sold one lot for a profit of $31,267 or 23% of gross sales price.
During the same six-month period in 2000, Blue Ledge sold two lots in the Hidden
Meadows subdivision and one lot in the Deer Crest development project, for a
profit of $730,306 or 64% of the gross sales price of these lots.

There were no contract services revenues during the three-month or six-month
periods ended June 30, 2001 as compared to $48,823 and $106,040 for the same
periods in 2000. The revenue reduction is due
<Page>

                                                                     Form 10-QSB
                                                  United Park City Mines Company
                                                                   June 30, 2001
                                                                          Page 9

MANAGEMENT'S DISCUSSION AND ANALYSIS
OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS


to the cessation of maintenance in the Judge and Spiro tunnels as requested by
Park City in the third quarter of 2000. These are the sites that generated the
majority of the Company's contract services revenue.

The Company's interest income decreased 98% during the second quarter and 85%
for the first six months of 2001. The decrease when compared to 2000 is the
result of smaller 2001 cash balances available for investment and a one time
$30,695 interest charge collected from the Company's ski lease operators during
the second quarter of the year 2000.

Royalty and rental revenues increased 18% and 45% during the three-month and
six-month periods ended June 30, 2001 when compared to the same period in 2000.
The primary reasons for the increase are due to additional ski lease accruals
for the period and to building rental revenues during the January 2001 film
festivals.

Other revenues decreased 15% and 44% for the three-month and six-month periods
ending June 30, 2001 when compared to the same periods in 2000. The six month
decrease is primarily the result of a nonrecurring receipt of approximately
$41,000 during the first quarter of 2000. Reduced miscellaneous fees collected
caused the three month decrease when compared to 2000.

The first six months of 2001 resulted in lower cost of lot sales and selling
expense because no lots were sold during the period as compared to the same
period in 2000.

Mine maintenance and administrative costs increased 65% and 27% during the
three-month and six-month periods ended June 30, 2001, when compared with the
same period in 2000. The net change is primarily due to property taxes collected
from lessees for past taxes during the second quarter of 2000. The property tax
increase represents 63% of the increase for the three-month period and 15 % for
the six-month period. The remaining six-month period increase of approximately
12% represents net changes in all other categories.

The decrease in depreciation expense of 29% and 30% for the three-month and
six-month periods presented is the result of assets being fully depreciated.

Interest expense decreased 24% and 54% during the three-month and six-month
periods presented over the same periods in 2000. The decrease is the result of a
reduction of interest bearing debt balances.
<Page>

                                                                     Form 10-QSB
                                                  United Park City Mines Company
                                                                   June 30, 2001
                                                                         Page 10

                                    PART II.
                                OTHER INFORMATION

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

     The 2001 Annual Meeting of Shareholders of the Company was held on May 22,
2001. Represented at the meeting, in person or by proxy, were 3,110,136 shares,
or approximately 96% of the issued and outstanding shares entitled to vote. The
following business was transacted:

     Election of Directors. Over 99% of the votes cast for directors were voted
for the election of the following directors. The number of votes for and
withheld with respect to each director was as follows:

<Table>
<Caption>
                                             Votes For           Votes Withheld
                                             ---------           --------------
<S>                                          <C>                 <C>
     Peter S. Duncan                         3,104,457                5,679
     Alan L. Gordon                          3,105,578                4,558
     Joseph S. Lesser                        3,104,312                5,824
     Ronald S. Krolick                       3,104,457                5,679
     Mark Mashburn                           3,104,433                5,703
     William H. ("Hank") Rothwell            3,104,653                5,483
</Table>

     Ratification of the appointment of Independent Certified Public
Accountants. 3,104,704 shares, approximately 99.8% of the shares voting, voted
to ratify the appointment of PricewaterhouseCoopers LLP as independent certified
public accountants for the Company. 2,107 shares, less than 1% of the shares
voting, voted against, and 3,325 shares, less than 1% of the shares voting,
abstained from the ratification of the Company's auditors.

ITEM 5. OTHER INFORMATION.

     A portion of United Park's mining property, known as "Richardson Flat
Tailings," which the Company monitors under its UPDES permit, has been subject
to testing and evaluation by the EPA under the National Contingency Plan
pursuant to the Comprehensive Environmental Response, Compensation, and
Liability Act ("CERCLA"). On June 24, 1988, the EPA proposed that the Richardson
Flat Tailings site be added to the EPA's National Priorities List ("NPL"), the
EPA's listing of national priority hazardous waste sites. In response to the
comments submitted by United Park, the EPA determined not to list the site on
the NPL in a final rule published February 11, 1991, in the Federal Register. On
February 7, 1992, the EPA again proposed the listing of the Richardson Flat
Tailings site to the NPL. In April 1992, the Company again submitted written
comments opposing the EPA's listing on a number of substantive and procedural
grounds. The EPA has neither responded to United Park's comments nor finalized
its proposal to list the site. United Park has completed negotiations with the
EPA regarding performing a voluntary focused remedial investigation and
feasibility study ("Focused RI/FS") to determine if any remedial action may be
warranted at Richardson Flat. The Company signed the Administrative Order on
Consent for Remedial Investigation/Feasibility study on September 27, 2000. The
Company did accrue at December 31,1999 its best estimate of costs to complete
the Focused RI/FS at Richardson Flat. Since the study has not been completed,
the Company cannot estimate the potential costs, if any, that may be required
beyond the Focused RI/FS.

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

(a)  Exhibits filed with this Form 10-QSB:

No exhibits are filed with this Form 10-QSB.
<Page>

                                                                     Form 10-QSB
                                                  United Park City Mines Company
                                                                   June 30, 2001
                                                                         Page 11


(b)  Reports on Form 8-K filed during the period covered by this Form 10-QSB:

No reports on Form 8-K were filed during the period covered by this Form 10-QSB.
<Page>

                                                                     Form 10-QSB
                                                  United Park City Mines Company
                                                                   June 30, 2001
                                                                         Page 12


                                   SIGNATURES

In accordance with the requirements of the Exchange Act, the Registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized.


                         United Park City Mines Company
--------------------------------------------------------------------------------
                                  (Registrant)

   /s/ Hank Rothwell                                     /s/ Michael R. Salmond
------------------------                                 -----------------------
     Hank Rothwell                                          Michael R. Salmond
      President,                                         Chief Financial Officer
Chief Executive Officer
     and Director

Date: AUGUST 13, 2001