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                                  UNITED STATES
                        SECURITY AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                    FORM 10-K

                  ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D)
                   OF THE SECURITIES AND EXCHANGE ACT OF 1934

(Mark  One)
(X)   ANNUAL  REPORT  PURSUANT TO SECTION 12 OR 15(d) OF THE SECURITIES EXCHANGE
      ACT  OF 1934
      For  the  year  ended  December  31,  1999

(  )  TRANSITION  REPORT  PURSUANT  TO  SECTION 13 OR 15 (d) OF THE SECURITIES
      EXCHANGE  ACT  OF  1934  (NO  FEE  REQUIRED)
      For  the  transition  period

                       Commission  File  Number: 001-04026

                            PRINCETON MINING COMPANY
           (Exact name of registrant as specified in its charter)

                 IDAHO                                        82-6008727
(State of Incorporation or Organization)                (IRS Employer ID Number)

                     413 CEDAR STREET, WALLACE, IDAHO  83873
                    (Address of Principal Executive Offices)

                                 (208) 752-1131
                         (Registrant's Telephone Number)

Securities  Registered  Under  Section  12  (b)  of  the  Act:
  COMMON NON-ASSESSABLE STOCK, $.10 PAR VALUE, PREFERRED STOCK, $.10 PAR VALUE
                                (Title of Class)

Securities  Registered  Under  Section  12  (g)  of  the  Act:
                                      NONE
                                (Title of Class)

     Indicate  by  check  mark  whether the registrant (1) has filed all reports
required  to  be  filed by Section `3 or `5(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.
X  YES  NO

     Indicate  by  check  mark if disclosure of delinquent filers in response to
Item  405  of Regulation S-K is not contained herein, and will not be contained,
to  the  best  of  registrant's  knowledge,  in  definitive proxy or information
statements  incorporated  by reference in Part III or any amendment to this Form
10-K.  (X)

     The aggregate market value based on the average bid and asked prices of the
registrant's  Common  Stock held by non-affiliates of the registrant at March 2,
2000,  was  approximately  $393,150.  As  of March 2, 2000, there were 9,569,140
shares  of  the  registrant's common stock outstanding.  There were no shares of
the  registrant's  preferred  stock  outstanding.
                                                                    Page 1 of 19
<PAGE>


                                TABLE OF CONTENTS

PART I
                                                                   PAGE

Item  1.   Business                                                  3

Item  2.   Properties                                                3

Item  3.   Legal  Proceedings                                        3

Item  4.   Submission of Matters to a Vote of Security Members       3

                                     PART II

Item  5.   Market for Registrant's Common Equity and Related
           Stockholder  Matters                                      3

Item  6.   Selected  Financial  Data                                 4

Item  7.   Management's Discussion and Analysis of Financial
           Condition  and  Results  of  Operations                   5

Item  8.   Financial  Statements                                     5-13

Item  9.   Changes  in  and  Disagreements  with  Accountants        5

                                    PART III

Item  10.  Directors and Executive Officers of the Registrant        14

Item  11.  Executive  Compensation                                   14

Item  12.  Security Ownership of Certain Beneficial Owners and
           Management                                                14

Item  13.  Certain Relationships and Related Transactions            14

                                     PART IV



Item  14.  Exhibits,  Financial  Statement  Schedules,  and
           Reports on Form 8-K                                       15


Signatures                                                           15

Exhibit 23 - Consent of Accountants                                  16



Exhibit 27 - Financial Data Schedule                                 17

















                                                                    Page 2 of 19
<PAGE>

                            PRINCETON MINING COMPANY
                             FORM 10-K ANNUAL REPORT
                      FOR THE YEAR ENDED DECEMBER 31, 1999

                                     PART I


Item  1  -  BUSINESS

     Princeton Mining Company (the "Company") was incorporated under the laws of
Idaho  in  September  1950.  The  Company  is  the  owner  of an interest in ten
unpatented  mining claims situated east of the village of Mullan in the Coeur d'
Alene  Mining  District,  Shoshone  County,  Idaho.

To the knowledge of the Company, no commercial ore deposit has been found as the
result  of  any  exploration  work  done  to  date  on  the  Company's Property.
Consequently,  there  has  been  no  production of ore from the Property and the
Company  makes  no  claim  to  the  existence  of  ore reserves in the Property.

There  are  numerous  Federal  and   State  laws  and   regulations  related  to
environmental  protection,  which  have direct application to mining and milling
activities.  The more significant of these laws deal with mined land reclamation
and  wastewater  discharge  from mines and milling operations.  The Company does
not  believe  that  these  laws and regulations as presently enacted will have a
direct  material  adverse  effect  on  its  mining  claims.

Item  2  -  PROPERTIES

     The  information regarding the Properties of the Company is set forth under
"Item 1. Business" of this report, and is incorporated by reference in answer to
this  item.

Item  3  -  LEGAL  PROCEEDINGS

  None

Item  4  -  SUBMISSION  OF  MATTERS  TO  A  VOTE  OF  SECURITY  HOLDERS

There  were  no  shareholders'  meetings  during  1999.

                                        PART II

Item  5  -  MARKET  FOR  REGISTRANT'S  COMMON  EQUITY  AND  RELATED
            STOCKHOLDER  MATTERS

(a)  The  market  price ranges of the Company's common stock during each quarter
of  the  years  1999  and  1998  were  as  follows:
<TABLE>
                       1999                       1998
                 -----------------          -----------------
                 High          Low          High          Low
                 ----          ---          ----          ---
<S>              <C>          <C>           <C>         <C>
1st  Quarter     .01          .01          .01          .01
2nd Quarter      .01          .01          .01          .01
3rd Quarter      .05          .01          .01          .01
4th Quarter      .08          .05          .01          .01
</TABLE>


                                                                    Page 3 of 19
<PAGE>

                            PRINCETON MINING COMPANY
                             FORM 10-K ANNUAL REPORT
                      FOR THE YEAR ENDED DECEMBER 31, 1999


(b)     Approximate  Number  of  Equity  Security  Holders.

Title  Class  (1)                    Number  of Record Holders December 31, 1999
------------                         -------------------------------------------
Common stock, par value                       Approximately  1,350  (1)
10  cents  per  share

(1)     Included  in  the  number  of  shareholders of record are shares held in
        "nominee" or  "street"  name.

(c)  No  dividends  were  paid  by  the  Company  in  1999  or  1998.

Item  6  -  SELECTED  FINANCIAL  DATA

The  following  data  should be read in conjunction with the Company's financial
statements  and  the  notes  thereto:

Selected  Income  Statement  Data:
<TABLE>
                                      Year Ended December 31,
                    ----------------------------------------------------------
                       1995        1996        1997        1998        1999
                    ----------  ----------  ----------  ----------  ----------
<S>                 <C>         <C>         <C>         <C>         <C>
Net Revenues        $      -0-  $      -0-  $      -0-  $      -0-  $      -0-
Net income (loss)     (29,456)    (34,578)   (317,839)    (13,271)    (27,390)
Per share                (.01)      (.004)      (.033)      (.001)     (.0029)
Cash dividends
  per share                -0-         -0-         -0-         -0-         -0-
</TABLE>
The  following  data  should be read in conjunction with the Company's financial
statements  and  the  notes  thereto:

Selected  Balance  Sheet  Data:
<TABLE>
                                      Year Ended December 31,
                    ----------------------------------------------------------
                       1995        1996        1997        1998        1999
                    ----------  ----------  ----------  ----------  ----------
<S>                 <C>         <C>         <C>         <C>         <C>
Current Assets      $      57   $     108   $     110   $      72   $     113
Current Liabilities   261,757     296,386      10,372      23,605      35,473
                    ----------  ----------  ----------  ----------  ----------
Working Capital      (261,700)   (296,278)    (10,262)    (23,533)    (35,360)
Total Assets          300,745     300,796      25,110      25,022      10,113
Long-term debt             -0-         -0-         -0-         -0-         -0-
Stockholders'
  Equity               38,988       4,410      14,738       1,467     (25,360
</TABLE>






                                                                    Page 4 of 19
<PAGE>

                            PRINCETON MINING COMPANY
                             FORM 10-K ANNUAL REPORT
                      FOR THE YEAR ENDED DECEMBER 31, 1999

Item  7  -  MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OF  FINANCIAL  CONDITION
           AND  RESULTS  OF  OPERATIONS

The  Company  incurred  a  net loss of $27,390 in 1999 compared to a net loss of
$13,271  for  1998.  The majority of the loss for 1999 was attributed to a write
down  of  $15,000  for  the  impaired  value  of the Company's unpatented mining
claims.

The Company has ten unpatented mining claims which have been adjusted to a value
of  $10,000.  The  only  other  asset  is a cash balance of $113.  Total current
liabilities  totaled $35,473 as of December 31, 1999.  Thus, there is a negative
working  capital  balance  of  $35,360.


Item  8  -  FINANCIAL  STATEMENTS  AND  SUPPLEMENTARY  DATA

The  company's  financial  statements  appear  following  Part II of the report.

Item  9  -  CHANGES  IN  AND  DISAGREEMENTS  WITH  ACCOUNTANTS

In  February  2000, the Company retained the certified public accounting firm of
Williams  and  Webster,  P.S. of Spokane, Washington as independent auditors for
the  1999  financial  statements.  There  were  no independent auditors prior to
Williams  and  Webster,  P.S.


                            PRINCETON MINING COMPANY
                              Financial  Statements
                                DECEMBER 31, 1999

                              WILLIAMS & WEBSTER PS
                          Certified Public Accountants
                        BANK OF AMERICA FINANCIAL CENTER
                           W 601 RIVERSIDE, SUITE 1940
                                SPOKANE, WA 99201
                                 (509) 838-5111
PRINCETON MINING COMPANY
TABLE  OF  CONTENTS
December 31, 1999

INDEPENDENT  AUDITOR'S  REPORT

FINANCIAL  STATEMENTS

     Balance  Sheet

     Statement of Operations and Accumulated  Deficit

     Statement of Stockholders' Equity (Deficit)

     Statement  of  Cash  Flows

NOTES  TO  FINANCIAL  STATEMENTS



                                                                    Page 5 of 19
<PAGE>


Board  of  Directors
Princeton  Mining  Company
Wallace,  Idaho


                        Independent  Auditor's  Report
                        ------------------------------

We  have  audited the accompanying balance sheet of Princeton Mining Company, as
of  December  31, 1999, and the related statements of operations and accumulated
deficit,  stockholders' equity (deficit) and cash flows for the year then ended.
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  audit.

We conducted our audit 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  that  our  audit  provides  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 Princeton Mining Company, as of
December  31, 1999, and the results of its operations and its cash flows for the
year  then  ended,  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 2, the Company
has  no  revenues and negative working capital.  These factors raise substantial
doubt  about  the Company's ability to continue as a going concern.  Realization
of a major portion of the assets is dependent upon the Company's ability to meet
its  future  financing  requirements,  and  the  success  of  future operations.
Management's  plans  regarding  those matters also are described in Note 2.  The
financial  statements  do not include any adjustments that might result from the
outcome  of  this  uncertainty.

/S/

Williams  &  Webster,  P.S.
Certified  Public  Accountants
Spokane,  Washington
February  29,  2000














                                                                    Page 6 of 19
<PAGE>


                            PRINCETON MINING COMPANY
                                  BALANCE SHEET
                                DECEMBER 31, 1999


<TABLE>
ASSETS
<S>                                                         <C>
CURRENT ASSETS
Cash                                                        $       113
Total Current Assets                                                113
                                                            ------------

OTHER ASSETS
Mining claims                                                    10,000
                                                            ------------

TOTAL ASSETS                                                $    10,113
                                                            ============

LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES
Accounts payable                                            $     7,073
Loans from a related party                                       28,400
                                                            ------------

Total Current Liabilities                                        35,473
                                                            ------------

COMMITMENTS AND CONTINGENCIES                                       -

STOCKHOLDERS' EQUITY (DEFICIT)
Preferred stock, $0.10 par value,
  1,000,000 shares authorized;
  No shares issued and outstanding                                  -
Common stock, $0.10 par value,
  29,000,000 shares authorized; 9,569,140
  shares issued and outstanding                                 956,914
Discount on common stock                                       (280,681)
Additional paid-in-capital                                          563
Accumulated deficit                                            (702,156)
                                                            ------------

TOTAL STOCKHOLDERS' EQUITY (DEFICIT)                            (25,360)
                                                            ------------

TOTAL  LIABILITIES  AND  STOCKHOLDERS'  EQUITY  (DEFICIT)
                                                            $    10,113
                                                            ============

</TABLE>






The accompanying notes are an integral part of these financial statements.
                                                                    Page 7 of 19
<PAGE>

                          PRINCETON MINING COMPANY
                 STATEMENT OF OPERATIONS AND ACCUMULATED DEFICIT
                      FOR THE YEAR ENDED DECEMBER 31, 1999




REVENUES                                                   $        -
                                                            ------------

EXPENSES
Filing and recording fees                                           434
Legal and professional                                            7,200
Office expense                                                    2,112
Taxes                                                                10
Mining exploration and engineering expense                          613
                                                            ------------
     TOTAL EXPENSES                                              10,369
                                                            ------------

NET LOSS FROM OPERATIONS                                        (10,369)

OTHER INCOME (EXPENSE)
Loss on impairment of assets                                    (15,000)
Interest expense                                                 (2,021)
                                                            ------------
TOTAL OTHER INCOME (EXPENSE)                                    (17,021)
                                                            ------------
INCOME TAXES                                                        -
                                                            ------------

NET LOSS                                                        (27,390)

ACCUMULATED DEFICIT, BEGINNING BALANCE                         (674,766)
                                                            ------------

ACCUMULATED DEFICIT, ENDING BALANCE                         $   702,156
                                                            ============

NET LOSS PER COMMON SHARE                                   $   (0.0029)
                                                            ============

WEIGHTED AVERAGE NUMBER OF
COMMON STOCK SHARES OUTSTANDING                               9,569,140
                                                            ============













The accompanying notes are an integral part of these financial statements.

                                                                    Page 8 of 19
<PAGE>

                            PRINCETON MINING COMPANY
                   STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT)
                      FOR THE YEAR ENDED DECEMBER 31, 1999

(Begin 8 pt type)
<TABLE>
                                                                                             Total
                Preferred Stock        Common Stock      Discount                            Stock-
              -------------------  --------------------     on       Additional   Accum-     holders'
              Number                 Number               Common      Paid-in     ulated     Equity
              Of Shares  Amount      Of Shares  Amount     Stock      Capital     Deficit    (Deficit)
              ---------  --------  ---------  ---------  ----------  ----------  ----------  ---------
<S>           <C>        <C>       <C>        <C>        <C>         <C>         <C>         <C>
Balance
December
31, 1998            -    $   -     9,569,140  $ 956,914  $(280,681)  $     -     $(674,766)  $  1,467

Contribution
of capital          -        -           -          -          -           563         -          563

Loss for
year ending,
December
31, 1999            -        -           -          -          -           -       (27,390)   (27,390)
              ---------  --------  ---------  ---------  ----------  ----------  ----------  ---------
Balance,
December
31,  1999           -    $   -     9,569,140  $ 956,914   (280,681)  $     563   $(702,156)   (25,360)
              =========  ========  =========  =========  ==========  ==========  ==========  =========

</TABLE>
(end 8pt type)































The accompanying notes are an integral part of these financial statements.


                                                                    Page 9 of 19
<PAGE>

                            PRINCETON MINING COMPANY
                             STATEMENT OF CASH FLOWS
                      FOR THE YEAR ENDED DECEMBER 31, 1999




CASH FLOWS FROM OPERATING ACTIVITIES
  Net loss                                                  $   (27,390)
  Adjustments to reconcile net loss
    to net cash used by operating activities:
      Write off of impaired mining claims                        15,000
      Increase in accounts payable                                1,268
                                                            ------------
Net cash (used) in operating activities                         (11,122)

CASH FLOWS FROM INVESTING ACTIVITIES                                -

CASH FLOWS FROM FINANCING ACTIVITIES
  Proceeds from shareholder advances                             10,600
  Proceeds from shareholder contribution of capital                 563
                                                            ------------
Net cash provided by financing activities                        11,163

Change in cash                                                       41

Cash, beginning of period                                            72
                                                            ------------

Cash, end of period                                         $       113
                                                            ============

Supplemental disclosures:

Interest paid                                               $     2,021
                                                            ============
Income taxes paid                                           $       -
                                                            ============




















The accompanying notes are an integral part of these financial statements.

                                                                   Page 10 of 19
<PAGE>

                           PRINCETON  MINING  COMPANY
                        NOTES TO THE FINANCIAL STATEMENTS
                                December 31, 1999

NOTE  1  -  ORGANIZATION  AND  DESCRIPTION  OF  BUSINESS

Princeton  Mining  Company  (hereinafter  "the  Company")  was  incorporated  on
September  29,  1950  under  the  laws  of the State of Idaho for the purpose of
acquiring,  exploring  and  developing mining properties.  The Company maintains
offices  in  Wallace,  Idaho.  The  Company's  fiscal  year  end is December 31.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

This  summary  of significant accounting policies of Princeton Mining Company is
presented  to  assist  in understanding the Company's financial statements.  The
financial  statements and notes are representations of the Company's management,
which  is  responsible  for  their  integrity and objectivity.  These accounting
policies  conform  to  generally  accepted  accounting  principles and have been
consistently  applied  in  the  preparation  of  the  financial  statements.

Principal  Business  Activities

The Company has been in the minerals exploration business since its formation in
September  1950  and  has  not  yet  realized  any significant revenues from its
planned operations.  It is primarily engaged in the acquisition, exploration and
development  of  mining  properties.  Upon  location  of  a  commercial  minable
reserves,  the Company expects to actively prepare such sites for ore extraction
and  further  development.

Going  Concern

The  accompanying  financial  statements  have  been  prepared assuming that the
Company  will  continue  as  a  going  concern.

As  shown  in  the accompanying financial statements, the Company incurred a net
loss  of  $27,390  for  the  year ended December 31, 1999 and has an accumulated
deficit of $702,156.  The Company has no sales and has negative working capital.
The  future of the Company is dependent upon its ability to obtain financing and
upon  future  successful  explorations  for  and  profitable operations from the
development  of mineral properties.  The financial statements do not include any
adjustments  relating  to  the  recoverability  and  classification  of recorded
assets, or the amounts and classification of liabilities that might be necessary
in  the  event  the  Company  cannot  continue  in  existence.

Accounting  Method

The  Company's  financial  statements  are  prepared using the accrual method of
accounting.

Loss  Per  Share

Loss  per  share  was  computed by dividing the net loss by the weighted average
number  of shares outstanding during the period.  The weighted average number of
shares  was  calculated by taking the number of shares outstanding and weighting
them  by  the  amount  of  time  that  they  were  outstanding.





                                                                   Page 11 of 19
<PAGE>

                           PRINCETON  MINING  COMPANY
                        NOTES TO THE FINANCIAL STATEMENTS
                                December 31, 1999

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Cash  and  Cash  Equivalents

For  purposes  of  the  Statement  of  Cash  Flows,  the  Company  considers all
short-term  debt securities purchased with a maturity of three months or less to
be  cash  equivalents.

Provision  for  Taxes

For  income tax reporting purposes, the Company has elected to treat its current
and  historical  operating expenses as capitalizable exploration and development
costs  under  IRC  Code  Section  616  (b).  Accordingly, the Company has no net
operating  loss  carryforwards.

Use  of  Estimates

The  process  of  preparing  financial  statements  in conformity with generally
accepted  accounting  principles  requires  the use of estimates and assumptions
regarding  certain  types  of assets, liabilities, revenues, and expenses.  Such
estimates  primarily  relate  to  unsettled  transactions  and
events  as  of  the  date  of  the  financial  statements.  Accordingly,  upon
settlement,  actual  results  may  differ  from  estimated  amounts.

Impaired  Asset  Policy

In  March  1995,  the  Financial  Accounting  Standards Board issued a statement
titled  "Accounting for Impairment of Long-lived Assets." In complying with this
standard,  the  Company  reviews its long-lived assets quarterly to determine if
any  events  or changes in circumstances have transpired which indicate that the
carrying  value  of  its  assets  may  not be recoverable.  The Company does not
believe  any  additional  adjustments  are  needed  to the carrying value of its
assets  at  December  31,  1999.  See  Note  3.

Exploration  Costs

In  accordance  with  generally  accepted  accounting  principles,  the  Company
expenses  exploration  costs  as  incurred.

NOTE 3 - MINERAL PROPERTIES

The  Company  maintains  unpatented mining property east of Mullan, Idaho in the
Coeur  d'Alene  Mining  district  of  Shoshone  County,  Idaho.

During  the  year  ended  December 31, 1999, the Company wrote down the carrying
value  of  its  mining  claims to $10,000, thereby incurring an asset impairment
loss  of  $15,000,  in  recognition  of  the  decreased  value  of  its  mineral
properties.








                                                                   Page 12 of 19
<PAGE>

                           PRINCETON  MINING  COMPANY
                        NOTES TO THE FINANCIAL STATEMENTS
                                December 31, 1999

NOTE 4 - STOCKHOLDERS' EQUITY

In prior years, the Company has issued its common stock in exchange for services
at values less than the underlying par value of the Company's common stock.  The
aggregate  effect of such transactions is the Company's recording of $280,681 as
a  discount on common stock in the stockholders' equity section of the Company's
balance  sheet.

In  the  year  ended  December  31,  1999,  a shareholder paid $563 of corporate
expenses  while  relinquishing  the  opportunity for repayment. These funds have
been  recorded as additional paid-in capital in the stockholders' equity section
of  the  Company's  balance  sheet.

NOTE 5 - STOCK OPTIONS

Although the Company has not adopted a stock option plan, the Company's board of
directors  agreed to grant an option in January 1998 to an outside consultant to
purchase  1,200,000  shares  of  the Company's common stock at a strike price of
$0.01  per  share (which was then the market price).  The exercise of the option
is contingent upon the Company's stock being listed upon the OTC Bulletin Board.
There  is  no written instrument memorializing the length and other terms of the
options,  which  has  not  been  formally granted or exercised as of the date of
these  financial  statements.

NOTE 6 - COMMITMENTS AND CONTINGENCIES

The Company is engaged in the exploration and development of mineral properties.
At  present,  there  are no feasibility studies establishing proven and probable
reserves.

Although  the  minerals  exploration  and  mining  industries  are  inherently
speculative  and  subject  to  complex environmental regulations, the Company is
unaware of any pending litigation or of any specific past or prospective matters
which  could  impair  the  value  of  its  mining  claims.

NOTE  7  -  RELATED  PARTIES

The  Company  occupies  office  space  provided by H. F. Magnuson, a significant
shareholder, at no charge.  The value of this space is not considered materially
significant  for  financial  reporting  purposes.

A  shareholder  and  officer  of  the Company has advanced monies to the Company
totaling  $28,400  at December 31, 1999 in payment of expenses.  These have been
recorded  as  unsecured  short-term loans, bearing 9% interest and being payable
upon  demand.











                                                                   Page 13 of 19
<PAGE>

                            PRINCETON MINING COMPANY
                             FORM 10-K ANNUAL REPORT
                      FOR THE YEAR ENDED DECEMBER 31, 1999

                                    PART III

Item  10  -  DIRECTORS  AND  EXECUTIVE  OFFICERS  OF  THE  REGISTRANT

<TABLE>
Name of Executive Officers and             Principal Occupation, Five-Year
Directors and Positions Held          Age  Business History and Directorships
------------------------------------  ---  -----------------------------------
<S>                                   <C>  <C>
H.  James  Magnuson,                   46  Attorney at Law for more than the
President  and  Director                   past five  years.

R. M. MacPhee,                         69  Certified Public Accountant for
Director                                   more than five years.  Director of
                                           Western  Silver-Lead  Corporation.

Donald  H.  Grismer,                   68  Employed in mining for more than
Director                                   the past  five  years.

Dale  B.  Lavigne,                     69  President, Osurn Drug Company,
Vice-President  and  Director              Director Western Silver-Lead
                                           Company.

Dennis  O'Brien,                       38  Certified  Public  Accountant
Director

Mark  W.  Absec,                       42  Certified  Public  Accountant
Assistant  Secretary-Treasurer
</TABLE>
The  bylaws  of  the  Company  provided  that the Directors serve until the next
annual  meeting  of  shareholders or until their respective successors have been
duly  elected and qualified.  The bylaws also provide that the officers serve at
the  discretion  of  the  Board  of  Directors.

Item  11  -  EXECUTIVE  COMPENSATION

None

Item  12  -  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

     H.F.  Magnuson,  owns  6,423,940  shares.

Item  13  -  CERTAIN  RELATIONSHIPS  AND  RELATED  TRANSACTIONS

     A  shareholder  of  the  Company,  H.F.  Magnuson, has advanced cash to the
Company  totaling  $28,400  as  of  December  31,  1999.










                                                                   Page 14 of 19
<PAGE>

                            PRINCETON MINING COMPANY
                             FORM 10-K ANNUAL REPORT
                      FOR THE YEAR ENDED DECEMBER 31, 1999

                                     PART IV

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

(a)     Financial  Statements  -  See index to Financial Statements at page 8 of
        this  report.

(b)  Exhibits  -  No  additional exhibits are filed as a part  of  this  report.

                                   SIGNATURES

Pursuant to the requirements of Section 13 of the Securities and Exchange Act of
1934,  the  registrant has duly caused this report to be signed on its behalf by
the  undersigned,  thereunto  duly  authorized.


                            Princeton Mining Company
                            ------------------------
                                  (Registrant)


/S/ H. James Magnuson                 /S/ Dennis O'Brien
-------------------------             ---------------------------
H.  James  Magnuson                   Dennis  O'Brien
President  and  Director              Secretary  and  Director

Date:  March  3,  2000                Date:  March  3,  2000

Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has been signed below by the following person on behalf of the registrant and in
the  capacities  and  as  of  the  date  indicated.


/S/ H. James Magnuson                 /S/ Dennis O'Brien
-------------------------             ---------------------------
H.  James  Magnuson                   Dennis  O'Brien
President  and  Director              Secretary  and  Director

Date:  March  3,  2000                Date:  March  3,  2000