As filed with the U.S. Securities and Exchange Commission on March 26, 2002.




               UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                              Washington, D. C. 20549



                          ----------------------------

                                   FORM 10-KSB

                           ---------------------------

(X)  ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934 (FEE REQUIRED)

     For the fiscal year ended December 31, 2001

                               -------------------

( )  TRANSITION REPORT PERSUANT TO SECTION 13 or 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934 (NO FEE REQUIRED)

                    For the transition period from  ___________ to ___________

                    Commission File Number:  000-33167



                          TINTIC GOLD MINING COMPANY
                               -------------------
          (Exact name of small business issuer as specified in its charter)

          UTAH                                          87-0448400
(State or other jurisdiction of incorporation)    (I.R.S. EMPLOYER ID NO.)

     3131 Teton Drive
     Salt Lake City, Utah                              84109
(Address of principal executive offices)             (Zip Code)


     (801) 467-2021
(Issuer's telephone number, including area code)

     Securities registered under Section 12(b) of the Act:

     Title of each class           Name of each exchange on which
                                        registered

          N/A                                     N/A


     Securities registered under Section 12(g) of the Act:

          Common Capital Voting Stock, $0.001 par value per share
                              (Title of Class)

                                1
<PAGE>

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.

          (1) Yes [X]  No [ ]            (2) Yes [X]  No [ ]

Check if there is no disclosure of delinquent filers in response to Item
405 of Regulation S-B is not contained in this form, and no disclosure will be
contained, to the best of the registrant's knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this Form 10-
KSB or any amendment to this Form 10-KSB.  [X] The issuer is not aware of any
delinquent filers.

State issuer's revenues for its most recent fiscal year:     $___N/A________



     State the aggregate market value of the voting and non-voting common
equity held by non-affiliates of the registrant.  The aggregate market value
shall be computed by reference to the price at which the common equity was
sold, or the average bid and asked process of such common equity, as of a
specified date within the past 60 days.

     As of the close of business on December 31, 2001, the Company's fiscal
year-end, the aggregate market value of the voting stock held by non-
affiliates was undeterminable and is considered to be zero ($0.00).  This is
because there was no trading market for the Company's securities during the
entire fiscal year or by year-end; moreover, no common equity stock was sold
during the fiscal year from which an alternative computation could be made
under the above-formula.  However, on January 30, 2002, the Company's equity
stock did become eligible for trading on the OTC Bulletin Board (OTCBB) under
the symbol "TTCG.OB"  During February 2002 the Company's stock has been quoted
on the OTCBB at a bid price of $0.05 and an offered or asked price of $0.25
per share.  During February 2002 the Company observed that its stock had
approximately five or six trades on the OTCBB at approximately ten cents
($0.10) per share.  Assuming that the market value of the Company's stock is
in fact ten cents ($0.10) per share, something that the Company believes is
doubtful based on the lack of trading history or volume at such price, the
issuer calculates that the aggregate market value of voting stock held by non-
affiliates, as of December 31, 2001, would be somewhere in the neighborhood of
approximately $185,000.


    (ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PAST FIVE YEARS)

                                 Not applicable

                   (APPLICABLE ONLY TO CORPORATE REGISTRANTS)

     State the number of shares outstanding of each of the issuer's classes
of common equity, as of the last practicable date:

     As of March 20, 2002, the issuer had 2,817,720 common capital shares
issued and outstanding.
                                2
<PAGE>
                      DOCUMENTS INCORPORATED BY REFERENCE

     To the extent it is permitted to do so, the issuer seeks to incorporate
by reference certain disclosure items contained in its Form 10-SB filed on

EDGAR on September 19, 2001 and its Form 10-SB/A filed on EDGAR on November
16, 2001, including certain exhibits filed therewith.  The reason for doing so
is that nothing material has happened with respect to the Company and its
business between the date that its registration statement became effective,
namely, November 19, 2001, and the date of this Annual Report on Form 10-KSB.
The specific items of the issuer's Form 10-SB registration statement, or parts
thereof, that the issuer intends to incorporate by reference are specifically
referenced below.  To the extent items from a Form 10-SB registration
statement are not permitted to be incorporated into an Annual Report by
reference, these items are referred to below for the sole purpose of providing
the reader with a source for additional information on the issuer if he or she
so desires.


Transitional Small Business Disclosure Format (Check one:  Yes ___; No _X_.


                         NOTICE AND DISCLAIMER REGARDING
                           FORWARD-LOOKING STATEMENTS

     Certain matters discussed herein may be forward-looking statements that
involve a variety of risks and uncertainties.  These could include, for
example, any of the following: the timely development of existing or future
properties, reserves and projects; the impact of metals prices and metal
production volatility; changing market conditions; changes in the regulatory
environment; and other material risks that are or will be described from time
to time in the issuer's filings with the Securities and Exchange Commission
("Commission").  In this regard, reference is made to Exhibit 99, attached to
and incorporated by reference into the issuer's September 19, 2001, Form 10-SB
on file with the Commission, an exhibit titled "Risk Factors" and which
purports or attempts to list and describe a variety of risk factors that the
Company believes are material to a person investing or considering investing
in the issuer.

     In light of the myriad risk factors involved with or facing the Company,
actual results may differ materially or considerably from those projected,
implied or suggested.  As a result, any forward-looking statements expressed
herein are deemed to represent Tintic Gold's judgment as of the date of this
filing.  Tintic Gold does NOT express any intent or obligation to update any
forward-looking statement because it is unable to give any assurances
regarding the likelihood that, or extent to which, any event discussed in any
such forward-looking statement contained herein may or may not occur, or that
any effect from or outcome of any such forward-looking event may or may not
bear materially upon its future business, developments or plans, or its
financial condition and results of operations.  Reference is made to the
issuer's September 19, 2001, Form 10-SB available on the Commission's EDGAR
database.
                                3
<PAGE>
                       TABLE OF CONTENTS
                                                                        PAGE

         Risk Factors . . . . . . . . . . . . . . . . . . . . . . . . . . 5

                               PART I

ITEM 1.   Description of Business. . . . . . . . . . . . . . . . . . . . .10

ITEM 2.   Description of Property. . . . . . . . . . . . . . . . . . . . .16

ITEM 3.   Legal Proceedings. . . . . . . . . . . . . . . . . . . . . . . .21

ITEM 4.   Submission of Mattters to a Vote of Security Holders . . . . . .22

                              PART II

ITEM 5.   Market for Common Equity and Related Stockholder Matters. . . . 23

ITEM 6.   Management's Discussion and Analysis or Plan of Operation. . . .24

ITEM 7.   Financial Statements. . . . . . . . . . . . . . . . . . . . . . 29

ITEM 8.   Changes In and Disagreements With Accountants on Accounting
          and Financial Disclosure. . . . . . . . . . . . . . . . . . . . 30

                                   PART III

ITEM 9.   Directors, Executive Officers, Promoters and Control Persons;
          Compliance With Section 16(a) of the Exchange Act. . . . . . . .30

ITEM 10   Executive Compensation. . . . . . . . . . . . . . . . . . . . . 32

ITEM 11.  Security Ownership of Certain Beneficial Owners and Management. 35

ITEM 12.  Certain Relationships and Related Transactions. . . . . . . . . 37

ITEM 13.  Exhibits and Reports on Form 8-K . . . . . . . . . . . . . . . .38

Signatures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .39

                                4
<PAGE>
                          RISK FACTORS

     Investment in Tintic Gold's securities should be considered highly
speculative.  The Company has no recent operating history and is subject to
all of the risks inherent in developing a business enterprise.  In this
regard, reference is once again made to Exhibit 99 to the Company's Form 10-SB
filed with the Commission, via EDGAR, on September 19, 2001.  Such exhibit
contains an extensive though non-exhaustive list of possible risk factors
confronting a person investing or interested in investing in or with the
Company.

     The Company needs additional capital and has nominal revenues.  Non-arms
length transactions with related parties may occur in the future that may
involve conflicts of interest.  Furthermore, it should be carefully noted that
Tintic Gold does NOT anticipate paying any dividends on its common stock.

     In brief, the Company's securities involve a high degree of risk.  The
reader is cautioned, therefore, to carefully read this Annual Report for the
Company's fiscal year ended December 31, 2001 in its entirety and to seriously
consider all of the factors and financial data that are herein disclosed, in
particular, the specific risk factors described below.  In addition, an
investor or potential investor is encouraged to review the various risk
factors disclosed in the Company's Form 10-SB and 10-SB/A registration
statements.  The following constitutes an effort to itemize a variety of risk
factors involving the Company and its business:

     1.  RECENT STATUS AS A NON-REPORTING, NON-TRADED PUBLIC COMPANY.
Between the 1960's and the end of 2001, no trading market existed for Tintic
Gold's common stock, other than for brief periods in the "pink sheets."  As a
result, the public is not familiar with the Company, its mining properties or
business plan.  Tintic Gold only recently obligated itself as a fully
reporting company with its submission of a Form 10SB/12G on September 19,
2001, Commission File Number: 000-33167; CIK No. 0001159275.  An amendment to
this Form 10-SB was filed on November 16, 2001, an amendment that contains
unaudited financial information on the Company for its third quarter ended
September 30, 2001.  This Form 10-SB registration statement became effective
on November 19, 2001.

     The uncertainty that the issuer's business will be successful or that a
trading market for its securities will develop must be considered in light of
the potential difficulties, complications, problems, expenses and/or delays
frequently encountered in connection with any new business, not to mention the
mining business, a business involving a great deal of expense and regulation
on the part of both state and federal government.

     These same factors may be compounded by even greater risks, particularly
those characteristic of a speculative industry like mining exploration and
development, and may be adversely affected by the competition in the industry
and the strict regulatory environment in which Tintic Gold operates and will
operate.

     2.   EXPLORATION STAGE COMPANY.  Mineral exploration (particularly gold
and silver), is highly speculative in nature, is frequently nonproductive, and
involves many risks, often greater than those involved in the actual mining of
mineralization.

     Such risks may be considerable and may add unexpected expenditures or
delays in the Company's plans.  There can be no assurance that Tintic Gold's
mineral exploration activities, if and when undertaken, will be successful or
profitable.  Even if mineralization is discovered, it may take a number of
years from the initial phase of drilling until production is possible, during
which time the economic feasibility of production may change.
                                5
<PAGE>
     Furthermore, there can be no assurance that a determination of economic
feasibility will apply over time because such a determination would be based
partly on assumptions and factors that are subject to fluctuation and
uncertainty, such as, for example, metal prices, production costs, and the
actual quantity and grade of ore recoverable.

     3.  LACK OF SUFFICIENT CAPITAL TO CONTINUE INDEFINITELY AS A REPORTING
COMPANY.  Tintic Gold's management has reactivated the Company and has
voluntarily registered its common stock with the Commission to give its
current shareholders liquidity and to otherwise make Tintic Gold more
attractive to potential investors, including venture capitalists.  Management
also believes that being a reporting company under the Securities Exchange Act
of 1934, as amended (the "Exchange Act"), could provide a prospective merger
or acquisition candidate with additional and more comprehensive information
concerning the Company.  In addition, management believes that "reporting"
status might also make the Company more attractive to an operating business
opportunity as a potential business combination candidate.

     The cost of becoming a reporting company has been fairly substantial and
the cost of continuing to file all necessary reports with the Commission and
obtain the necessary accountings will continue to drain the Company's capital
reserves.  As of December 31, 2001, the issuer had approximately $29,000 in
cash on hand and it is difficult to predict how long into the future the
Company can continue to maintain its reporting obligations, though it has
lawfully obligated itself to do so and otherwise believes that will have no
problems in this regard for at least the next 18 to 24 months.

     However, the Company cannot provide any assurance that it will obtain
future capital, or if so, that the amount raised will be sufficient to
continue to establish the Company as a going concern.

     4.       ACCUMULATED NET LOSS; NOMINAL WORKING CAPITAL.  Tintic Gold has
NOT commenced significant business operations as of the date of this filing.
The Company remains in the exploration stage, but has not yet engaged in any
exploration activities on its properties.  Accumulated deficits and the
potential for future deficits in working capital are losses that are expected
to continue into the foreseeable future because the Company's operations are
subject to numerous risks and uncertainties that are associated with an
exploration company engaged in the mining business or industry, which has not
yet reached planned operations.

     5.  LACK OF REVENUE.  Tintic Gold needs additional capital because
currently, it has nominal revenues.  What revenues it has are from interest
income on cash balances in its money market account.  Substantial expenditures
are required to establish ore reserves through drilling, to determine
metallurgical processes to extract the mineralization from the ore and, in the
case of new properties, to construct mining and processing facilities.

     The Company lacks a constant and continual flow of revenue.  Currently,
Tintic Gold does NOT have royalty interests in any mining production or
properties.  There is no assurance that the Company will obtain any such
royalty interests, or that if so, it will receive any royalty payments, or
that it will otherwise receive adequate funding to be able to finance its
desired exploration and development activities.

     Further, while Tintic Gold intends to seek revenue sources on an on-going
basis, there can be no assurance that such sources can be found, or that if
available, the terms of such financing will be commercially acceptable.  This
lack of consistent revenue detrimentally affects the Company's plans and
progress simply because the Company needs additional capital to fund business
development, exploration and development operations, and to acquire additional
mineral properties, if otherwise warranted or possible.
                                6
<PAGE>
     6.  REGULATORY AND ENVIRONMENTAL CONCERNS.  Environmental and other
government regulations at the federal, state and local level pertaining to the
Company's business and properties may include: (a) surface impact; (b) water
acquisition; (c) site access; (d) reclamation; (e) wildlife preservation; (f)
licenses and permits; and (e) maintaining the environment.  See Item 2 of this
Part I below titled "Description of Properties" which discusses risk factors
relative to the ownership and development of the Company's properties.

     7.  RETENTION AND ATTRACTION OF KEY PERSONNEL.  Tintic Gold's success
will depend, in large part, on its ability to retain and attract highly
qualified personnel, and to provide them with competitive compensation
arrangements, equity participation and other benefits.  There is no assurance
that the Company will be successful in retaining or attracting highly
qualified individuals in key management positions.

     8.  RELIANCE UPON DIRECTORS AND OFFICERS.  At present, Tintic Gold is
wholly dependent upon the personal efforts and abilities of its officers and
directors, persons who exercise control over its day-to-day affairs.  There
can be no assurance that the Company will succeed in its various plans and
endeavors, nor that its proposed operations will eventually prove to be
profitable.

     9.  INDEMNIFICATION OF OFFICERS AND DIRECTORS.  Tintic Gold's Articles
of Incorporation and Bylaws authorize it to indemnify any director, officer,
agent and/or employee against certain liabilities.  Further, the Company may
purchase and maintain insurance on behalf of any such persons whether or not
it would have the power to indemnify such person against the liability insured
against.  Indemnifying and/or insuring officers and directors from the
increasing liabilities and risks to which such individuals are exposed as a
result of their corporate acts and omissions could result in substantial
expenditures by the issuer, while preventing or barring any recovery from such
individuals for the possible losses incurred by the issuer as a result of
their actions.  At the same time, the Commission, including state regulatory
authorities, take the position that indemnification against securities
violations is against public policy as expressed in the 1933 Act, as amended,
and, therefore, any such indemnification is unenforceable with respect to any
claim, issue, question, or matter of liability touched upon by anything within
the purview of the federal securities laws and regulations.  The Company has
no plans to obtain any officer or director (D&O) liability insurance.  See
heading in Item 9 of Part III below titled "Director and Officer Liability
Limitation."

     10.  NO DIVIDENDS.  Holders of the Company's common stock are entitled
to receive dividends when, as and if declared by the Board of Directors out of
funds legally available for that purpose.  To date, Tintic Gold has NOT paid
any cash dividends.  The Board does NOT intend to declare any dividends in the
foreseeable future, but instead intends to retain all earnings, if any, for
use in the Company's business operations.  Even if the Board desired to
declare any dividends, the Company's ability to do so would very likely be
restricted because the Company is seeking, or will be seeking, outside
financing and financing covenants tend to prohibit such declarations.

     11.  PREEMPTIVE RIGHTS, CUMULATIVE VOTING AND CONTROL.  In accordance
with the Company's Articles of Incorporation and the laws of Utah, there are
no preemptive rights in connection with Tintic Gold's common stock.  There can
be no assurance that Tintic Gold shareholders might not be further diluted in
                                7
<PAGE>
their percentage ownership of the Company's common stock in the event that
additional shares are issued by Tintic Gold in the future.  Moreover,
cumulative voting in electing directors is NOT provided for.  Accordingly, the
holder(s) of a majority of the Company's outstanding shares, present in person
or by proxy, will be able to elect all of the Company's Directors.  See
"Description of Securities" heading at the end of Item 1, Part I below.
Reference is further made to Part I, Item 8 titled "Description of Securities"
in the Company's Form 10-SB registration statement at page 29, the contents of
which are incorporated herein by reference.

     12.      MARKET FOR COMMON STOCK.  Throughout calendar 2001, no market
existed for the Company's common capital stock.  However, on January 30, 2002,
the Company became eligible for listing on the OTCBB administered by the
National Association of Securities Dealers, Inc. ("NASD").  The trading symbol
assigned to its common capital stock is TTCG.OB.

     Though no one can know for certain, management expects that the market
price for shares of the Company's common stock is likely to be volatile and
otherwise trade at a large spread between the bid and asked prices.  To be
sure, numerous factors beyond the Company's control may have significant
impact, from time to time, on a company's common stock, with adverse
consequences.  Though none of the Company's stock traded on the OTCBB during
the Company's fiscal year ended December 31, 2001 (it only having become
eligible for trading after January 30, 2002), the Company's stock has been
quoted, during the February 2002 30-day "quiet period" contemplated under
OTCBB rules and regulations, at five cents ($0.05) bid and twenty five cents
($0.25) asked.  During February 2002, the Company observed that a few trades
occurred at approximately ten cents ($0.10) per share.  Whether there is or
will continue to be a market at this price remains to be seen and is a factor
or circumstance beyond the Company's control.

     Stock markets generally experience extreme price and volume fluctuations
that can, and do, greatly affect the stock trading of "small capital"
companies such as Tintic Gold.  These fluctuations often are unrelated to the
operating performance of the company itself.  Further, in conjunction with
changes in other economic and political conditions, all such factors and
uncertainties may adversely affect the market price of the Company's common
stock.  Reference is made to Part II, Item 1 of issuer's Form 10-SB
registration statement, pp. 30-31 thereof, titled "Market Price of and
Dividends on Registrant's Common Equity and Other Shareholder Matters."

     13.  RISKS OF PENNY STOCKS.  The Company's common stock is considered
to be a "penny stock" because it meets one or more of the definitions in
Commission Rules 15g-2 through 15g-6, Rules made effective on July 15, 1992.
These include but are not limited to the following: (i) the stock trades at a
price less than five dollars ($5.00) per share; (ii) it is NOT traded on a
"recognized" national exchange; (iii) it is NOT quoted on the NASD's automated
quotation system (NASDAQ), or even if so, has a price less than five dollars
($5.00) per share; OR (iv) is issued by a company with net tangible assets
less than $2,000,000, if in business more than three years continuously, or
$5,000,000, if in business less than a continuous three years, or with average
revenues of less than $6,000,000 for the past three years.  The principal
result or effect of being designated a "penny stock" is that securities
broker-dealers cannot recommend the stock but must trade in it on an
unsolicited basis.  See paragraph 14 immediately below.
                                8
<PAGE>
     At such time as the Company meets the relevant requirements, if it ever
does, something to which no assurance can be given, it may attempt to qualify
for listing on either NASDAQ or a national securities exchange, but there can
be no assurance of this.

    14.       BROKER-DEALER REQUIREMENTS MAY AFFECT TRADING AND LIQUIDITY.
Section 15(g) of the Securities Exchange Act of 1934, as amended, and Rule
15g-2 promulgated thereunder by the Commission require broker-dealers dealing
in penny stocks to provide potential investors with a document disclosing the
risks of penny stocks and to obtain a manually signed and dated written
receipt of the document before effecting any transaction in a penny stock for
the investor's account.

     Potential investors in the Company's common stock are urged to obtain and
read such disclosure carefully before purchasing any shares that are deemed to
be "penny stock."  Moreover, Commission Rule 15g-9 requires broker-dealers in
penny stocks to approve the account of any investor for transactions in such
stocks before selling any penny stock to that investor.  This procedure
requires the broker-dealer to (i) obtain from the investor information
concerning his or her financial situation, investment experience and
investment objectives; (ii) reasonably determine, based on that information,
that transactions in penny stocks are suitable for the investor and that the
investor has sufficient knowledge and experience as to be reasonably capable
of evaluating the risks of penny stock transactions; (iii) provide the
investor with a written statement setting forth the basis on which the broker-
dealer made the determination in (ii) above; and (iv) receive a signed and
dated copy of such statement from the investor, confirming that it accurately
reflects the investor's financial situation, investment experience and
investment objectives.  Compliance with these requirements may make it more
difficult for investors in the Company's common stock to resell their shares
to third parties or to otherwise dispose of them in the market or otherwise.

     15.      PUBLIC, NON-AFFILIATE SHAREHOLDERS WILL SUFFER THE GREATEST
LOSSES IF THE COMPANY IS UNSUCCESSFUL.  If Tintic Gold's future operations are
successful, present shareholders who are not affiliates of the Company would
realize benefits from Tintic Gold's growth.  However, if the Company's future
operations are unsuccessful, persons who purchase its securities in the market
or by means of a subsequent public or private offering likely will sustain a
severe or principal loss of their investment.

     16.       POTENTIAL FUTURE STOCK ISSUANCES; DILUTION.  It is not now
known, nor might it ever be known, what other stock issuances the Company
might find advisable or otherwise be required to undertake in the future,
issuances that would substantially dilute existing shareholders.  See headings
titled "Business of Issuer and Risks Associated Therewith," "Sources of
Business Opportunities and Risks Associated Therewith," "Evaluation and Risks
Associated Therewith," and "Form of Potential Acquisition, Merger or
Reorganization and Risks Associated Therewith," all on pp. 10-13 of Part I,
Item I of the Company's Form 10-SB registration statement titled "Description
of Business"; see also Part I, Item 2 of the Company's Form 10-SB titled
"Management's Discussion and Analysis or Plan of Operation," pp. 16-22
thereof, the contents of which are incorporated herein by reference.

     The potential impact or significance of any future stock issuance of
"restricted" shares is as follows: under Rule 144 a person (or persons whose
shares are aggregated) who has satisfied a one (1) year holding period, may
sell within any three month period, an amount of shares which does not exceed
the greater of one percent (1%) of the then outstanding shares of common
stock, or the average weekly trading volume during the four calendar weeks
prior to such sale.  Rule 144 also permits the sale of shares, under certain
circumstances, without any quantity limitation, by persons who are not
affiliates of the issuer and who have beneficially owned the shares for a
minimum period of two (2) years.  Hence, the possible sale of the restricted
                                9
<PAGE>
shares issued and outstanding may, in the future, dilute the percentage of
free-trading shares held by a shareholder or subsequent purchaser of the
Company's securities in the market, and may have a depressive effect on the
price of the issuer's securities.  Further, such sales, if substantial, might
also adversely affect the issuer's ability to raise additional equity capital
in the future.

     In addition to the foregoing, a secondary public offering and consequent
public issuance of additional securities as a result thereof, would also have
a dilutive effect on the holdings of existing shareholders and would
otherwise, more than likely, have a depressive effect on the market price of
the issuer's common stock.  At this time, the Company has NO plans to engage
in any public offering of its securities.

     17.  COMPETITIVE CONDITIONS IN THE INDUSTRY.  Mining companies compete
to obtain favorable mining properties and to evaluate exploration prospects
for drilling, exploration, development, and mining.  Tintic Gold faces
competition from certain other similarly situated junior mining companies in
connection with the acquisition of properties capable of profitably producing
gold, silver, copper and other mineralization.  This includes other mining
companies either operating or who own properties within the Tintic Mining
District.

     However, the Company is unable to ascertain the exact number of
competitor companies, or whether or when such competitors' competitive
positions could improve.  Thus, Tintic Gold may be unable to acquire or
develop attractive mining properties or investors on terms acceptable to
management.  Accordingly, there can be no assurance that such competition,
although customary in the mining industry, will not result in delays,
increased costs, or other types of adverse consequences affecting Tintic Gold.
See heading titled "Competition" in Part I, Item 1 of the Company's 10-SB
registration statement titled "Description of Business," pp. 9-10 thereof.

     18.  MANAGEMENT'S RELATIVE LACK OF EXPERIENCE IN AND/OR WITH MINING.
No one currently serving as an officer or director of the Company is or has
ever been employed with a mining company; furthermore, none has ever been
employed in or with the mining industry in general.  Also, no director or
officers has an education or college or university degree in mining or geology
or a field related directly to mining.  Such persons therefore lack relative
experience in or with mining, including the mining of precious metals.  See
Item 9 of Part III below titled "Directors, Executive Officers, etc."

                                     PART I

ITEM 1.      DESCRIPTION OF BUSINESS

     BACKGROUND.  TINTIC GOLD MINING COMPANY (the "Issuer" or "Company" or
"Tintic Gold"), incorporated on June 14, 1933, is a U.S. mineral resource
company chartered, since its inception, as a Utah corporation.  It is
classified or referred to as an exploration stage company.  The Company has
not yet engaged in any exploration activities and has not yet reached planned
operations.

     Tintic Gold's patented mining claims are located within the historic
Tintic Mining District (organized on December 13, 1869) in Juab County, Utah.
These properties were part of a once-thriving mining district with worldwide
acclaim.  In 1979, the Tintic Mining District was listed in the National
Register of Historic Places.
                                10
<PAGE>
     Tintic Gold is authorized to conduct business in Utah and has conducted
business in Utah since 1933.  It has also owned its existing patented mining
claims since 1933, properties that it acquired from the Emerald Mining
Company.  These properties are owned free and clear of any lien or encumbrance
other than the fact that a prior director from over 20 years ago, Mr. C. Chase
Hoffman, owns the surface rights and otherwise retains a 3 1/2% net smelter
return interest on any production.  For more information regarding the history
of the Company, reference is made to its Form 10-SB filed on EDGAR on
September 19, 2001, a document containing a lengthy and descriptive history of
the Company and which further attaches two geological reports on the Company's
patented mining claims.

     Tintic Gold has not been involved in any bankruptcy, receivership or
similar proceeding; and, other than in the ordinary course of business, there
has been no material reclassification, consolidation, merger, or purchase or
sale of any significant amount of assets.

     None of the Company's officers and directors or majority shareholders
has been involved, directly or indirectly, in any bankruptcy or insolvency
proceeding and none is involved in any litigation that would have any direct
or indirect impact or bearing on the Company or its business.

     EXECUTIVE OFFICES.  Tintic Gold's executive or principal offices are
located at 3131 Teton Drive, Salt Lake City, Utah.

     SUBSIDIARIES AND RELATED COMPANIES.  Tintic Gold does NOT have any
subsidiaries or related companies or entities.  None of its officers or
directors currently serve on the board or otherwise act as officers of any
other company, partnership or limited liability company engaged in mining or
involved in the mining business.

     TRADING AND REPORTING HISTORY.  Tintic Gold's common stock may have been,
at one time, listed on the Intermountain Stock Exchange but, if so, management
believes that would have been prior to 1955.  During the 1960's and early
1980's it was listed for trading in the so-called "pink sheets."  Between the
early to mid-1980's and January 29, 2002, the Company was not listed in the
"pink sheets" nor was it listed on any exchange or any electronic inter-dealer
quotation medium or system of any kind.  On January 30, 2002, after having
filed a Form 10-SB registration statement with the Commission on September 19,
2002, and a Form 10-SB/A on November 16, 2001, the Company received notice
from the National Association of Securities Dealers, Inc. ("NASD"), that its
submission, through Salt Lake City-based securities broker-dealer Wilson-Davis
& Company, would be accepted and that it would be listed on the Over-the-
Counter Bulletin Board (OTCBB).  Accordingly, Tintic Gold, since January 30,
2002, has been listed on the OTCBB and trades under the symbol TTCG.OB.  To
the knowledge of management, the most recent market price has been five cents
($0.05) bid and twenty five cents ($0.25) asked or offered.  Also, a handful
of trades occurred during February 2002 at approximately ten cents ($0.10) per
share.  Lately, there has been no trading activity.

     JOINT VENTURES.  The Company has neither entered into, nor participates
in, any joint venture arrangements nor does it have any plans to engage in any
joint venture with any person or party.

     RECENT CHANGES IN OWNERSHIP.  Prior to year-end, on or about December
20, 2001, a former officer and director resigned from the board of directors
and thereupon divested himself of approximately 166,000 shares that he had
owned or controlled.  This left him as a direct or indirect owner or holder of
less than 5% of the Company's issued and outstanding shares.  See Form 8-K
filed by the Company on or about December 28, 2001; see also Item 13 of Part
                                11
<PAGE>
III below titled "Exhibits and Reports on Form 8-K."  In addition, the
Company's officers and directors received a total of 425,000 "restricted"
shares for services they rendered the Company during 2001, shares that have
been booked as issued and outstanding as of December 31, 2001.  See Item 7 of
Part II below, the Company's audited financial statements for its year end.
Furthermore, during February 2002, two officers and directors acquired
additional shares in non-issuer transactions which increased their respective
holdings in the Company.  The officers and directors and 5% or greater
shareholders, as a group, now own, hold or control approximately one-third or
33% of the Company's issued and outstanding shares.  See Item 11 of Part III
below titled "Security Ownership of Certain Beneficial Owners and Management."

     PATENTS, TRADEMARKS, LICENSES, FRANCHISES.  Tintic Gold does NOT own any
patents, trademarks, licenses, franchises, or concessions, except for patented
mining claims granted by the government to private landowners.

     LONG-TERM GOAL AND OBJECTIVES.  Tintic Gold's long-term business goal is
focused on advancing the exploration, development and mining potential of the
mining properties it owns.  The Company's intermediate objectives for funding
and advancing this goal are two-fold:  First, it seeks to re-establish itself
as an active business operation.  Accomplishing this preliminary goal has in
part been met in that the Company is now a fully "reporting company" and has
obtained audited financial statements, not just those that it filed with its
registration statement on Form 10-SB, but also those incorporated into this
Form 10-KSB in Item 7 of Part 2 below.  To accomplish the second of these
objectives, the Company will seek to obtain capital funds, preferably from
equity investment sources, if possible, but also by participation in joint
business arrangements.

     The Company has been focused on accomplishing the first of these
intermediate objectives.  When that objective nears completion, management
will then be able to more specifically determine the necessary short-term
plans and strategies best suited to accomplishing the second of its
intermediate objectives.  In this regard, the Company hopes and expects,
ultimately, to achieve its long-term goal of creating an on-going source of
positive cash-flow from mineral development, exploration and mining.
Reference is made to the Company's Form 10-SB registration statement filed
with the Commission on September 19, 2001, a document that further explains
the Company's plans and objectives in substantial detail.

     BUSINESS PLAN.  Management continues to develop its business plan, if
justified, to resume mineral exploration and the development and promotion of
the Company's mineral properties.  To finance these activities, the Company
may seek to receive income through a joint venture of some kind or some other
form of business arrangement with a larger and better capitalized mining
company.

     As the Company is organized for the purpose of " . . . transacting any
lawful act or activity for which corporations may be organized under the Utah
Revised Business Corporation Act," the Company may entertain potential merger
candidates who are NOT engaged in the business of mineral exploration and/or
mining.  Management believes that the Company has the flexibility to negotiate
a merger or acquisition transaction with any type of business or entity,
provided that consummation of a transaction is ultimately in the best
interests of the Company and its stockholders.

     In the event that the Company does successfully acquire or merge with an
operating business opportunity, it is likely that the Company's present
shareholders will experience substantial dilution and there is the further
possibility of a change in control of the Company.
                                12
<PAGE>
     Any target acquisition or merger candidate of the Company will become
subject to the same reporting requirements as the Company upon consummation of
any such business combination.  Thus, in the event that the Company
successfully completes an acquisition or merger with another operating
business, the resulting combined business must provide audited financial
statements for at least the two most recent fiscal years or, in the event that
the combined operating business has been in business less than two years,
audited financial statements will be required from the period of inception of
the target acquisition or merger candidate.  This type of information might
not be readily available to some types of business ventures, or otherwise too
expensive and time consuming, thereby rendering the possibility of a merger or
other acquisition transaction with such an entity remote.

     If warranted by future events, Tintic Gold may or may not explore and
develop its properties on its own.  At the same time, however, the Company
does NOT, in any event, foresee or otherwise contemplate expanding its mining
operations outside the United States of America.

     CURRENT DEVELOPMENTS.  Tintic Gold is a viable exploration stage company.
While it is an active Utah corporation in good standing with the State of
Utah, the Company has not reached planned operations, and it is NOT currently
entertaining or discussing a potential merger or acquisition transaction with
any other person or entity.  Nonetheless, the Board of Directors has
determined that the best interests of the Company and its shareholders was
served by filing the registration statement that the Company filed with the
Commission on September 19, 2001, on a voluntary basis, thereby further
committing or obligating itself to filing periodic reports and other forms
with the Commission such as this Annual Report on Form 10-KSB.

     The Company intends to continue to voluntarily file these periodic
reports under the Exchange Act even if its obligation to file such reports is
suspended under applicable provisions of the Exchange Act.

     SEASONABILITY.  Tintic Gold's business is not seasonal in nature except
to the extent that weather conditions at certain times of the year may affect
access to its property.

     NUMBER OF EMPLOYEES.  At present, Tintic Gold does NOT have any
employees.  Should it succeed in obtaining sufficient working capital, the
Company may contract for the services of 1 or 2 part-time employees, and may
also enter into contractual arrangements with 1 or more consultants.  Tintic
Gold may or may not contract with additional employees or consultants from
time to time, depending upon the circumstances of its operations and whether
such a course of conduct is warranted.  Any consultants retained by the
Company shall be considered independent contractors who it is not anticipated
will be able to bind the Company in any way as an agent of the Company.

     ADOPTION OF 2002 STOCK OPTION/STOCK ISSUANCE PLAN.  In a January 15,
2002, written consent of the directors, a copy of which is attached hereto as
Ex. 99, the Board of Directors unanimously resolved to adopt a 2002 Stock
Option/Stock Issuance Plan ("Plan"), a copy of which is further attached
hereto and incorporated by reference as Exhibit 10.  See also Item 10 in Part
III below titled "Executive Compensation."  This Plan allows for the issuance
of stock for compensation and incentive purposes to officers, directors,
employees and consultants under both qualified and non-qualified plans or
programs.
                                13
<PAGE>
     Under the Plan, a total of 1,000,000 shares are entitled to be issued
and none are as yet issued as of the date of this report.  Because the Plan
speaks for itself, reference is made to this exhibit.  The Plan was adopted
with a view to eventually filing an S-8 registration statement with the
Commission pursuant to which no more than a total of 1,000,000 shares will be
registered under such form, an event which would not only dilute existing
shareholders but which might also have a depressive effect on the market price
of the Company's stock.  This is because stock registered pursuant to S-8 is
or can be "free-trading" depending upon whether it is issued to affiliates of
the Company or not.  At the same time, the Board has no intention of
registering, under S-8, any part or portion of the recently issued 500,000
"restricted" shares issued to four individuals for services rendered the
Company during 2001.  See Item 11 of Part III below titled "Security Ownership
of Certain Beneficial Owners and Management."

     In the January 15, 2002, written consent of directors, Exhibit 99
hereto, the Board further resolved that, when earned, officers and directors
will be entitled to receive stock options to acquire a total of 250,000 shares
under the Plan at an option price of $0.025 per share or for total
consideration to the Company of $6,250.  As of the date of this document, the
subject options have not been granted by the Company because they have not yet
been earned.  When earned, they will be granted pursuant to a to-be-executed
Qualified or Non-Qualified Stock Option Agreement entered into by and between
the Company and the specific officer, director, employee or consultant
receiving the option.  See Exs. 10 and 99; see also, Item 10 in Part III below
titled "Executive Compensation."

     As with the value given the 500,000 "restricted" shares issued to four
individuals as of December 31, 2001, all of which is discussed in Item 5 of
Part II below titled "Market for Common Equity and Related Matters," the
above-referenced option price of $0.025 per share was arrived at on January
15, 2002, a date before the Company was eligible for trading on the OTC
Bulletin Board, before a submission had been made to the NASD in this regard,
and consequently, before a trading market either existed or had developed for
the Company's stock.  The reason that the Board determined to give an option
price on the first 250,000 shares to be acquired under the Plan at a half a
penny per share less than the 500,000 "restricted" shares authorized to be
issued at the same time for services rendered during 2001 is that the
optionees on the first 250,000 shares issuable under the Plan will be required
to part with monetary consideration as opposed to consideration in the sole
form of services.  It should also be noted that, depending upon the status of
the optionee, shares issuable under the Plan and in subsequent S-8
registration could be designated as "free-trading" or so-called "control"
shares not bearing the type of restrictive legend typically used or associated
with "restricted" stock.  The Board thus determined that it was more fair and
reasonable if monetary consideration was in fact paid or given for shares that
might bear these characteristics, or the lack thereof.  See Item 10 of Part
III below titled "Executive Compensation."  This discussion is not to ignore
that any board member, officer, employee or consultant who ultimately acquires
shares under the Plan will be required to either register such shares or have
an exemption from registration in the event that he or she seeks to offer,
sell or otherwise dispose of them after receipt thereof.

     GOVERNMENT REGULATION OF ENVIRONMENTAL CONCERNS.  Tintic Gold remains
committed to complying with various federal, state and local provisions that
regulate the discharge of materials into the environment and govern the
conduct of mining activities for the protection of the environment.  To its
knowledge, the Company was in full compliance with these environmental
regulations during fiscal 2001 and intends to continue to fully comply in
fiscal 2002 and beyond.
                                14
<PAGE>
     To management's best knowledge, information and belief, Tintic Gold is
neither listed on any known environmental cleanup roster, nor is Tintic Gold's
property listed as a "superfund" site.  The Company is aware through local
newspaper articles that the federal Environmental Protection Agency (EPA) has
done lead sampling in the Eureka, Utah, area (an area within the Tintic Mining
District) and is otherwise concerned about possible lead contamination of
Eureka, Utah inhabitants, but the Company has received no notice in this
regard and knows nothing further in this regard.  See Item 3 of Part 1 below
titled "Legal Proceedings."

     To fulfill its environmental compliance obligations, Tintic Gold must
attend to the complex requirements of laws encompassing jurisdictional
authority over matters affecting land, mineral rights and/or the surface under
which mining activities are proposed.  Such compliance may materially affect
Tintic Gold's capital expenditures, earnings and competitive position in the
following general areas:

     1) surface impact, 2) water acquisition, 3) site access, 4) reclamation,
5) wildlife preservation, and 6) permit and license qualification.  To date,
compliance has not had a material financial effect or other impact on Tintic
Gold because its activities have not had a material and significant impact on
the environment.

     As the Company becomes more active on its properties, however, it is
reasonable to expect that compliance with environmental regulations could
substantially increase in cost.  Such future compliance could include
performing feasibility studies on the surface impact of the Company's proposed
operations; minimizing surface impact, water treatment and protection;
reclamation activities including rehabilitation of various sites; and on-going
efforts at alleviating the mining impact on wildlife.  Moreover, governmental
agencies may require permits or bonds from year to year to ensure the
Company's compliance with applicable regulations.

     During fiscal 2001, Tintic Gold did not engage in any activity that would
have required, and no governmental agency required, it to obtain any permits
or bonds, or otherwise cause the Company to expend any funds to comply with
any material environmental regulation.  Moreover, the Company does not
anticipate that any reclamation bonding will be required during fiscal 2002,
or in the reasonably foreseeable future.

     Tintic Gold does NOT anticipate any material capital expenditures for
environmental control facilities during fiscal 2002.  The cost of future
compliance affecting the Company's mineral properties may depend upon the
extent and type of exploration and testing required.

     There can be no assurance, however, that Tintic Gold will be able to
comply with all requirements imposed on any such future development, or that
it will be able to economically operate or pursue exploration and development
activities under future regulatory provisions.

     DESCRIPTION OF SECURITIES; COMMON STOCK AND DIVIDENDS.  The authorized
capital stock of the Company consists of 10,000,000 shares of common stock,
$0.001 par value, of which 2,817,720 were issued and are outstanding as of the
Company's fiscal year-end, December 31, 2001.  (Such figure of the total
number of issued and outstanding shares as of December 31, 2001, includes
500,000 "restricted" shares authorized to be issued to four individuals on
January 15, 2002 for services rendered the Company during 2001, shares that
were physically issued by the transfer agent on February 13, 2001.  See Item
11 of Part III below titled "Security Ownership of Certain Beneficial Owners
and Management."; see also Exhibit 99 attached hereto.  Because these 500,000
                                15
<PAGE>
"restricted" shares were earned in 2001, the Company determined that it needed
to book such shares as issued and outstanding as of year-end.)  The holders of
the Company's common stock are entitled to receive such lawful dividends as
may be declared by the Board of Directors.  As of this date, no such dividends
have been declared nor does management believe it likely that dividends will
be declared in the near or distant future.  There are no redemption or sinking
fund provisions applicable to any shares of common stock.  All outstanding
shares of common stock are fully paid and non-assessable.  For further
information in this regard, reference is made to the heading in the Company's
Form 10-SB called "Description of Securities."

     VOTING RIGHTS.  Stockholders are entitled to one vote on all matters to
be voted upon for each share of common stock held.  The shares do not have the
right to cumulative voting for directors, meaning that holders of more than 50
percent of the shares voting for the election of directors can elect all of
the directors if they choose to do so.

     LIQUIDATION RIGHTS.  In the event of liquidation, dissolution or winding
up of the Company, holders of common stock shall be entitled to receive pro
rata all of the remaining assets of the Company that are available and
distributable to the shareholders after first satisfying claims of creditors
and anyone else having rights that are superior to those of the stockholders.

     PREEMPTIVE RIGHTS.  Stockholders do NOT have a preemptive right, by
statute or under the Company's Articles of Incorporation or Bylaws, to acquire
the Company's unissued shares of common stock.  See Risk Factor No. 11 at the
beginning of this document.

     TRANSFER AGENT.  Fidelity Stock Transfer Company is the transfer agent
for the Company's common stock.  Its address is 1800 South West Temple Street,
Suite 302, Salt Lake City, Utah 84115, and its telephone number is (801)484-
7222.

ITEM 2.     DESCRIPTION OF PROPERTY

     Tintic Gold's property consists of three (3) patented mining claims
located in the Tintic Mining District, Juab County, Utah, about a quarter or
half a mile from the town of Mammoth, Utah, approximately 90 miles south of
Salt Lake City. For a more comprehensive description of the Company's
property, reference is made to the heading titled "Description of Property"
comprising Item 3, Part I, pp. 22-25 of the Company's Form 10-SB filed on
EDGAR on September 19, 2001.

     FORM OF OWNERSHIP.  Tintic Gold does not hold "unpatented" mining claims.
(An unpatented mining claim is a parcel of property located on federal lands
that the U.S. government continues to own, though it has granted the private
party claimholder the right to explore and mine the claim.)  Instead, the
Company owns patented mining claims. (A "patented" mining claim is land
originally held as unpatented, to which the private-party claimholder has been
conveyed fee simple title by the U.S. government, after meeting the federal
patenting requirements.)  The important distinction or difference in the type
of mineral interest it represents is that the patent gives the claimholder
full and complete ownership, outright, of the land on which the claim is
located.  In this case, however, the surface rights are owned by a former
officer and director named C. Chase Hoffman.  Such rights were conveyed to Mr.
Hoffman in 1980 in consideration for money Mr. Hoffman had advanced the
Company over the years.  See the heading titled "Description of Property"
comprising Item 3, Part I, pp. 22-25 of the Company's Form 10-SB filed on
EDGAR on September 19, 2001.  Mr. Hoffman also retains a 3 1/2% net smelter
return royalty interest in the event of any mineral production on the
property.
                                16
<PAGE>
     THE EFFECT OF REGULATORY CHANGES ON HOLDING UNPATENTED MINING CLAIMS.
The U.S. Bureau of Land Management (BLM) promulgated new regulations in 1997
regarding hardrock unpatented mining claims (see 43 CFR 3809).  Compliance
with the 1997 regulations is both time-consuming and costly.  Therefore,
Tintic Gold does NOT intend to purchase or locate any unpatented claims, but
instead, to concentrate its exploration and development activities primarily
on its own privately-held land and perhaps on land that, at some point in the
future, it may decide to acquire, including but not limited to a Utah state
mineral leasehold of some kind.  Management believes that these BLM
regulations will have little or no effect on the Company's activities.

     TYPE OF PROPERTY/MINING AND PRODUCTION HISTORY.  The Company's three (3)
patented mining claims are lode claims.  (Such claims contain deposits of
minerals, in this case, gold, silver, copper and lead, in solid rock.  A
placer claim, on the other hand, is a deposit of sand and gravel containing
valuable minerals.)

     Tintic Gold's property, which the Company has owned since 1933, lies
within the Central portion of the Main Tintic Mining District, Juab County,
Utah, approximately 90 miles south of Salt Lake City.  The property is bounded
on the north and east by the Centennial Eureka, Grand Central, and Mammoth
mines, and on the south and west by the Empire Mines property.  The property
consists of three (3) patented lode mining claims known as the Emerald, Ruby
and Diamond Lode Mining Claims.  These claims embrace a portion of Sections 19
and 30, Township 10 South, Range 2 West and Sections 24 and 25, Township 10
South, Range 3 West, Salt Lake Base and Meridian, bearing Mineral Survey
Number 188, and together designated as Lot No. 224, more particularly
described in the patent recorded at Book 60, Page 406, of the records of Juab
County, Utah.  These properties comprise an area of approximately 44.43 acres.
These claims cover an area 3,000 feet north-south and 550 to 900 feet east-
west.

     Structurally, these properties lie along the west flank of the northward
plunging asymmetric trough of the Tintic syncline.  Beds strike approximately
due north and dip steeply to the east.  Surface exposures show the predominant
rock type to be Ajax Dolomite of Cambrian Age.  The central portion of the
property is cut by the trace of the northeast striking Emerald-Grand Central
fault.  The east-west striking Sioux-Ajax fault zone is inferred to cut
through the property and could intersect the northeast structure within the
boundaries of the property.  Due to soil cover, their exact position cannot be
readily determined.

     Some of the property's nearest neighbors have been large producers of
high-grade ore, including the Centennial Eureka on the north and east, the
Mammoth on the east, and the Empire Mines on the south and west.

     The property is located on the outcrop of the Ajax limestone.  This has
been one of the most favorable ore-bearing formations of the Main Tintic
Mining District.

     Because of general geological conditions, the Tintic Gold property has
three excellent prospects.  One is in deeper development in the northern part
of the property; two, in a mineralized vein near the main shaft on the 1,000
level; and three, above the 600 level on the southern end of the property.
                                17
<PAGE>
     From the standpoint of the vertical range of the ore deposits in
adjoining mines, the same locations for development work are indicated.  In
the Centennial Eureka and Grand Central properties to the north, the ore
bodies occurred several hundred feet lower than the 700 level of the Tintic
Gold, while in the Mammoth Mine, to the east, an ore channel came to the
surface.

     There are several prominent fissures in the Tintic Gold property.
Fissures north of the shaft show calcite and oxidized iron.  This suggests
possibilities for improved mineralization at depth.  Close to the shaft an
east-west cross fissure reportedly carries substantial values in lead from the
200 to 1,000 levels in workings presently inaccessible.  This fissure should
be prospected for intersections and at greater depth.  South of the shaft are
two main north-south fissures.  One known as the Diamond fissure shows
jasperoid quartz.

     A spur line of the Union Pacific Railroad with loading ramps lies less
than two miles to the northeast.

     The property has been developed by numerous shallow shafts, surface
workings, and a one and one-half compartment shaft sunk one thousand feet
deep, with levels driven at the 400, 500, 600, 700 and 1,000 foot levels.
This shaft is known as the Emerald Mine or Shaft.  At present, all of the
existing underground workings are inaccessible.  No ore minerals of commercial
grade are believed to have been encountered in the old workings and no ores
having significant value are believed to have been produced from the property
directly.  It is not anticipated that the opening up or rehabilitation of the
old workings will be attempted at the present time or at any future time.  Any
exploration will be in the nature of surface assay sampling or testing and, if
sufficient evidence is obtained, drilling may be considered.  And in such
event, the Company will be subject to regulation by the Utah Division of Oil,
Gas and Mining (DOGM).  See "Government Regulation" section above.  It should
be again noted that the potential for pursuing an extensive permitting process
in order to further drill the property is dependent on the price of gold and
silver.

     The mineralization of interest is believed to be of the siliceous
copper-gold-silver category.  However, the possibility of this property
attaining the status of a gold or silver producer will depend upon the results
of any future testing and drilling program engaged in by the Company.  At the
present time, this property has no known ore reserves.  The objective of the
proposed geological mapping and other work is to determine what exploration
program, if any, to pursue.

     It should be noted that although smelting facilities have historically
been located within at least seventy (70) miles of the property, it is
standard procedure in the mining industry to negotiate individual milling and
smelting contracts with ore purchasers based upon grade and type of minerals.
There is no assurance that ores, if developed, could ever be sold, let alone
sold for a profit.  It is unknown at this time if the Burgin mill owned by
Chief Consolidated Mining could handle or would be willing to handle and
process ore obtained from the Company's property.  The Burgin mill is located
less than five miles from the Company's property.

     For further information regarding the gold, silver and other mining
potential of the property, including its specific geology, reference is made
to two (2) geology reports attached to the Company's Form 10-SB registration
statement. The first report attached thereto as Exhibit 10(iii) is dated March
24, 1939 and authored by geologist J.J. Beeson and titled "Report on the
Property of the Tintic Gold Mining Company in the Tintic Mining District Near
Mammoth, Utah."  The second report, dated April 15, 1975, is in the form of a
letter to Golden Spike Oil & Mining Co. and is attached thereto as Exhibit
10(iv).  Geological engineer Murray C. Godbe, III, authors this latter report.
Therein, Mr. Godbe concludes:
                                18
<PAGE>
         Based upon a comprehensive knowledge of
         the district and examination of geologic
         mapping and sampling of the workings by
         reputable observers (Crane and Beeson),
         the writer has reached the following
         conclusions:
         1.      From general geologic conditions,
         the property of the Tintic Gold Company is
         exceptionally well located.
         2.      Favorable formations outcrop on
         the surface and extend to depth.
         3.      The property is in an area where
         intense mineralization has taken place.
         4.      In adjoining properties only a few
         hundred feet away where major ore bodies
         are found at certain elevations in the
         Ajax formation those zones have not been
         prospected by the workings of the Tintic
         Gold property.
         5.      There has been sufficient
         fissuring and faulting to provide channels
         through which mineralizing solutions can
         penetrate the limestone beds.
         6.      Some of the best fissures have not
         been prospected in the most favorable beds
         of the Ajax formation.
         7.      The expense of exploration
         development is not expected to be
         excessive.  Although a great deal of
         underground rehabilitation is expected,
         these costs are anticipated to be less
         than new development work.
         8.      With reasonable success there may
         be sufficient ore developed, especially at
         the 600 level Diamond fissure zone, to pay
         for additional development work and yield
         a profit.

     As to the property's mining and production history, the extent of mining
and production on the Company's mining properties is not known.  This is
particularly true in that precious metals were first discovered in the Tintic
Mining District area in 1870, over 130 years ago.  Nonetheless, the property
does contain the Emerald Shaft or Mine which existing data and other
information suggests is at least 1,000 feet deep.  There are also other
"prospecting pits" on the property.  It is also not known how much ore has
come out of the Emerald Mine over the years or when it was first dug and
explored or when and to the extent additional exploration occurred.

     EXPLORATION, DEVELOPMENT AND REHABILITATION WORK.  There has been no
mining or other production activity on Tintic Gold's properties since the
1930's and 1940's, except perhaps briefly before World War II.  Only a limited
amount of exploration or development work has been conducted on the Company's
properties since World War II.  ("Exploration" is the work involved in
searching for ore.  "Development" is the construction work carried out for the
                                19
<PAGE>
purpose of extracting ore from the deposit or mine.)  See the 1939 and 1975
Geology Reports attached, respectively, as Exs. 10(iii) and 10(iv) to the
Company's Form 10-SB filed with the Commission on September 19, 2001.

     In the late 1980's, Centurion Mines Corporation ("Centurion"), later to
be known and now known as Grand Central Mining Company, negotiated a five-year
lease with the Company to operate Tintic Gold's patented mining claims.

     Centurion carried out limited mineral exploration and development work on
the Tintic Gold properties, but terminated this lease in 1997.  To the best
knowledge, information and belief of current management, no ore production
came from the Company's properties.  Prior to that time, Tintic Gold's
properties were inactive from World War II until 1987, when Centurion carried
out limited exploration consisting mainly of geologic mapping and sampling.
Centurion also performed some maintenance and rehabilitation work on the
Tintic Gold properties though it is not believed that Centurion did any
maintenance or rehabilitation on the underground workings of the Emerald Mine.
Centurion continued its activities until 1997.  No additional work has been
done on the properties since that time.  Under the Company's lease agreement
with Centurion, Centurion was obligated to do a certain amount of assessment
work every five (5) years.  This was done and the Company possesses copies of
the assessment work carried out by Centurion and its successor.

     FUTURE PLANS FOR EXPLORATION AND DEVELOPMENT WORK.  To date, Tintic Gold
management has NOT applied for exploration permits for work on any of its
patented mining claims.  However, during 2002 and into 2003, the Company may
consider conducting geological mapping, geochemical sampling, and geophysical
surveys, if sufficient funds are available for such purpose, and if all goes
well and the Company has sufficient capital, to possibly file applications for
permits that would permit exploratory sampling or drilling to be carried out.
Tintic Gold's management has not yet determined whether the Company will
actually carry out drilling operations.  This will depend on sources of and
the availability of funds.  Accordingly, no assurance can be given that it
will in fact be either undertaken or carried out.

                   RISK FACTORS RELATED TO COMPANY'S PROPERTY

     1.   REALIZATION OF INVESTMENTS IN MINERAL PROPERTIES AND ADDITIONAL
CAPITAL NEEDS.  The ultimate realization of Tintic Gold's investment in
mineral properties is dependent upon, among other factors, the existence of
economically recoverable reserves, the ability of the Company to obtain
financing or make other arrangements for development, and the profitability of
prospective production, once such occurs, if it ever does.  There presently
exists substantial uncertainty concerning these and other matters and no
assurances can be made regarding the Company's expectation of acquiring
sufficient funds to finance its operations throughout fiscal 2002, 2003 and
beyond.

     Tintic Gold does NOT have sufficient capital of its own to implement a
full-fledged business development plan or finance its intended operations, let
alone to explore and develop its mineral properties.  There can be no
assurance that the Company will ever be successful in obtaining the required
funds to finance its long-term capital needs.

     2.   ABSENCE OF RECENT MINING ACTIVITY.  There has been no significant
mining activities on the Company's properties recently, except for limited
assessment, exploration and development work during the late 1980's and early
to mid-1990's.  After Centurion Mines Corporation and its successor, Grand
Central Mining, no other mining company or entity has made any offer to
purchase, lease, or engage in any other transaction, such as a joint venture,
with respect to Tintic Gold's property.  Although the Company incurs only
nominal expense to preserve its ownership and maintain its property, it
presently receives no revenue or other income for that purpose.
                                20
<PAGE>
     3.   UNCERTAINTY OF DEMAND FOR TINTIC-TYPE, OXIDIZED ORE.  Due to the
development of modern hydrometallurgical processes, the absence of suitable
smelters, and the availability of more cost-effective techniques, it is
uncertain what the future level of demand will be for the type of oxidized
mineralization present on the Company's properties.  Also, the amount it could
cost to reopen and finance a mining operation is likely to be dependent upon
several factors.  These include: acceptable price levels of the relevant
metals; milling and smelting availability; fluctuations in market demand over
time; extent of competition with other companies; availability of acceptable
construction costs; availability  of acceptable labor costs; feasibility of
obtaining economical housing facilities; manageable equipment costs; realistic
capital costs; and the acceptability of other price and cost variables.

     4.   RELIANCE UPON ESTIMATES AND ASSUMPTIONS.  Exploration stage mining
companies use the evaluation work of professional geologists, geophysicists,
and engineers to make estimates in determining whether to acquire an interest
in property, or to commence exploration and development work.  These estimates
generally rely on scientific and economic assumptions, and in some instances
may not be correct.  The economic viability of a property cannot be determined
until extensive exploration and development work has been conducted and a
comprehensive feasibility study performed.  This work could result in the
expenditure of substantial amounts of money on a property before it even can
be determined whether or not the property contains economically recoverable
mineralization.  No feasibility studies have been performed on Tintic Gold's
properties because considerable exploration and development work remains to be
done.  Moreover, market prices of minerals produced are subject to
fluctuation, which may adversely affect the economic viability of properties
on which expenditures have been made.  The Company is not able to presently
determine whether or not, or the extent to which, such risks may adversely
affect its strategy and business plan.

     5.   UNCERTAINTY OF TOPOGRAPHICAL EFFECT ON EXPLORATION.  The Company's
properties are located in mountainous terrain.  Because the surface of the
land has a topographic relief, any ruggedness in the overlying area could
affect the location of drilling sites and shafts, as well as the construction
of industrial facilities.  It also could require that additional development
or drilling on the property be accessed below ground.  These outcomes are
uncertain at present, and the Company cannot provide assurances that they will
not have a materially adverse effect on the ability of the Company or a
business partner to conduct mining activities.

     6.   UNCERTAIN CONDITION OF MINE WORKINGS.  Other than the Emerald
Shaft or Mine which contains an old headframe, there are no other surface mine
shafts or usable headframes on the Company's property.  Moreover, the
underground workings have been inactive for many years due to the absence of
significant exploration, development and production activities on Tintic
Gold's properties since the 1930's.  Considerable cost would be incurred to
recondition shafts, drifts, tunnels, winces and other workings, to the extent
they exist, as well as to re-equip hoisting bases and framework.  It is
uncertain whether and to what extent the workings themselves, as well as any
rehabilitation of them, could expose the Company to environmental and safety
concerns.  If so, remediating these concerns could require expending an
uncertain amount of funds to render the workings safe, acceptable, and
environmentally sound.  No assurance can be made that the Company will have
sufficient capital to absorb these costs and expenses.

ITEM 3.       LEGAL PROCEEDINGS.

     Tintic Gold is not aware of any pending legal proceeding contemplated by
a governmental authority, or concerning the Company's business or properties,
                                21
<PAGE>
let alone one that involves primarily a claim for damages in excess of ten
percent (10%) of current assets, excluding interest and costs.  As of the date
of this filing, Tintic Gold is NOT a party to any legal proceeding, either as
plaintiff or defendant.  The Company's financial statements, as set forth in
Item 7 of Part II below have therefore not been adjusted to reflect any
material uncertainty regarding exposure to liability in legal proceedings.

     To management's best knowledge, information and belief, Tintic Gold is
neither listed on any known environmental cleanup roster, nor is Tintic Gold's
property listed as a "superfund" site.  The Company is aware, however, through
local newspaper articles and otherwise that the federal Environmental
Protection Agency (EPA) has done lead sampling in the Eureka, Utah, area (an
area somewhat near the Company's properties though the Company's properties
are much closer to the town of Mammoth, Utah) and is otherwise concerned about
possible lead contamination of Eureka, Utah, inhabitants.  Be this as it may,
the Company has received no actual notice of these events and knows nothing
further in this regard.  See the subheading under Item 1 of Part I above
titled "Government Regulation of Environmental Concerns."

     MEASURES TAKEN BY THE COMPANY DURING THE FISCAL YEAR TO INSULATE THE
COMPANY AGAINST FUTURE LIABILITY.  In the fall of 2001 and in an effort to
insulate the Company from any future liability, the Company hired an
environmental engineer named Bruce Yeomans of B. Yeomans Consulting, Inc., who
constructed a six foot high chain link fence, with four 30-foot runs, around
the Emerald Shaft or Mine located on the property.  The fence was also
stranded with barbed wire along the upper edge.  This was done to mark the
Shaft and otherwise prevent intruders and trespassers from getting injured by
possibly falling into the mine shaft, a shaft which existing data suggests is
at least 1,000 feet deep.  The shaft had been partially collapsed around the
collar and campers appeared to have lit bonfires immediately adjacent to the
open shaft on the flat topped dump around it.  After this fence was built, a
"dangerous/no trespassing" sign was posted on it.  In a further effort to
insulate the Company from and against future liability, this work was also
photographed.  In addition, Mr. Yeomans further erected a 12 foot long, three
stranded, 4 foot high barbed wire fence across the access road to the Emerald
Shaft at the approximate eastern boundary of the property.  This was to done
to further discourage intruders and trespassers, the large majority of whom
are hikers and campers in the summer and snow-mobilers in the winter.


ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS AND REPORTS TO
         SHAREHOLDERS.

     Other than a one-page report or letter sent to the shareholders on
February 1, 2002 announcing the effectiveness of the Company's Form 10-SB
registration statement and further announcing the Company's subsequent
qualification for listing on the OTCBB, the Company did not submit any report,
proxy statement or information statement to security holders during the fiscal
year.  A copy of this one-page letter to the shareholders is attached hereto
as Exhibit 19.  The issuer's Articles of Incorporation relieve it of the
obligation of calling and holding an annual meeting each and every year unless
something material with respect to the issuer and its business occurs that
would necessitate or require such.

     Other than its Form 10-SB and Form 10-SB/A, the issuer, on December 28,
2001, filed a one-page Current Report on Form 8-K announcing that one of its
officers and directors had resigned on December 20, 2001 and that such
individual had further divested himself of sufficient shares that he was, as
of December 21, 2001, no longer a 5% or greater holder or owner of the
                                22
<PAGE>
issuer's securities.  Other than these filings, no other documents or reports
have been filed on EDGAR; however, all necessary Form 3's, 4's and 5's,
reports detailing and disclosing transactions in the Company's securities by
officers, directors and those persons owning or controlling 10% or more of the
Company's securities, have been manually filed with the Commission during the
fiscal year.

     The issuer is subject to the information reporting requirements of the
Securities Exchange Act of 1934 (the "Exchange Act"), and, in accordance
therewith, files reports and other information with the Commission.  Reports
and other information filed by the issuer with the Commission can be inspected
and copied at the Commission's Public Reference Library, Room 1024, Judiciary
Plaza, 450 Fifth Street N.W., Washington, D.C. 20549.  Copies of such material
can be obtained from the Public Reference Section of the Commission at
prescribed rates.  An interested person may also obtain information about the
operation of the Public Reference Room by calling the Commission at 1-800-SEC-
0330.

     Inasmuch as the Company is an electronic filer, and the Commission
maintains an Internet site that contains reports, proxy and information
statements, and other information regarding issuers that file electronically
with the Commission, an interested person may access this material
electronically by means of the Commission's home page on the Internet at
www.sec.gov.com.  To facilitate such access, the Company's CIK number is
001159275.  This will enable a person to locate the Company's original, Form
10-SB on EDGAR, a filing mistakenly filed under the name "Tintie Gold Mining
Company" instead of "Tintic Gold Mining Company."

     As of the date of this filing, Tintic Gold has not yet established its
own web address or web page nor does it have any plans, at present, to do so.

                            Part II

ITEM 5.   MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS.

     Until recently, Tintic Gold's common shares have NOT traded on a public
stock medium for approximately 20 or 30 years.  The Company is quoted on the
OTC Bulletin Board administered by the National Association of Securities
Dealers, Inc., under the symbol TTCG.OB.  The initial trading price of the
issuer's common shares will be determined by market forces and other trading
variables at the time of first trading, and will be set by its market makers.
After that time, quoted trading prices will reflect inter-dealer prices,
without retail markup, markdown, or commission.  It is likely that such
quotations will not necessarily represent actual transactions.  As stated
elsewhere herein, the Company is informed that the market price of its
securities is five cents ($0.05) bid and twenty-five cents ($0.25) offered.
During February 2002, some actual trades occurred at approximately ten cents
($0.10) per share.

     As of December 31, 2001, there were three hundred sixty two (362)
shareholders of record of Tintic Gold's common shares.  The issuer has not
paid any dividends on its common shares since its inception and does not
anticipate that dividends will be paid at any time in the immediate future.
According to the Company's transfer agent, Fidelity Transfer, as of the date
of this document, the Company has three hundred and sixty (360) shareholders
of record.
                                23
<PAGE>
     SECURITIES ISSUANCES/RECENT SALES OF UNREGISTERED SECURITIES.  See RISK
FACTOR No. 16 above titled "Potential for Future Stock Issuances; Dilution."
The Company's Articles of Incorporation authorize it to issue up to ten
million (10,000,000) common capital shares.

     At December 31, 2001, there were 2,817,720 shares of the Company's common
stock issued and outstanding, of which approximately 23% or 644,000 shares
were deemed "restricted securities," as that term is defined in Rule 144
promulgated under the 1933 Act.  500,000 shares of this total issued and
outstanding share figure is the result of the Board of Directors' unanimous
resolution, adopted on January 15, 2002, to issue a total of 500,000
"restricted" shares to the officers and directors and the Company's legal
counsel for the substantial services they rendered the Company in 2001.  See
Exhibit 99 hereto.  The Company's transfer agent physically issued the
certificates representing these "restricted" shares on February 13, 2002.
Because the shares were earned in 2001 and the consideration had been given or
paid in full by such date, these shares are accounted for as having been
issued as of December 31, 2001.  See Item 7 of Part II below tiled "Financial
Statements."  This issuance results in 2,817,720 shares issued and outstanding
as of the date of this Annual Report on Form 10-KSB, approximately 23% of
which is "restricted."  When this corporate action to issue such 500,000
"restricted" shares was authorized, there was no market for the Company's
stock; accordingly, the Board chose to value such services at a price of $0.03
per share.  It should be emphasized that no board member or officer has
received any compensation whatsoever from the Company since 1980, or for over
20 years, and two existing board members and officers have served in such
capacities for the last 20 years.  A copy of the written consent of the
directors authorizing this "restricted" stock issuance is attached hereto as
Exhibit 99.  For specific information as to who received such shares and in
which amounts, reference is made to Item 10 titled "Executive Compensation"
and Item 11 titled "Security Ownership of Certain Beneficial Owners and
Management," both contained in Part III below.

     The 500,000 share stock issuance mentioned above involves "restricted
securities" because the issuances were made in reliance upon the exemption
from registration provided by Section 4(2) of the 1933 Act.  After the shares
have been held for at least one year, the recipient may sell, within any
three-month period, an amount of shares no greater than 1% of the number of
then-issued and outstanding shares of the Company, in compliance with the
provisions of Rule 144.  A restrictive legend is imprinted on each stock
certificate and "stop transfer" instructions against their sale or transfer
are in place with the Company's transfer agent.  See again RISK FACTOR No. 16
above titled "Potential for Future Stock Issuances; Dilution."  See also the
heading immediately below titled "Adoption of 2002 Stock Option/Stock Issuance
Plan."

     Other than the preceding 500,000 "restricted" share stock issuance
authorized by the board of directors on January 15, 2002 and which the Company
booked as issued and outstanding as of year-end, the Company has NOT offered
or sold any shares of unregistered common stock in any private placement or
other offering, nor has it issued any unregistered stock in exchange for
Company debts in the past 20 years.

ITEM 6.   MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.

     The Company's discussion hereunder is based on certain reasonable
expectations concerning the mining industry, the demand for precious metals,
and the sources and potentials for obtaining financial capital, all of which
involve "forward-looking statements."  The Company does not intend to forecast
what may or may not occur in the future, nor will the Company predict that any
particular event may or may not occur.  Management emphasizes that it can
neither control nor predict many of these risks and uncertainties.
                                24
<PAGE>
     Because Commission regulations for small business issuers do not require
as much disclosure as is would otherwise be required, this item is not as
extensive as it might otherwise be.  The Company fits within the small
business category because, among other reasons, the Company had minimal or
nominal revenues from operations during the fiscal year.

     On January 22, 2002, as a result of the Enron debacle, the Commission
issued Release Nos. 33-8056 and 34-45321.  This Release concerns Item 303 of
Regulation S-K, specifically, the disclosure topic titled "Management's
Discussion and Analysis of Financial Condition and Results of Operations."
The purpose of the Release is to identify three basic areas that the
Commission believes need better explanation by issuers in the future in order
to avoid similar situations to that of Enron.  In regard to the first issue
addressed in the Release, reference is made to the subsection below titled
"Liquidity and Capital Resources or Requirements."  In this regard, the
Company expressly disclaims that it has, or had, during the fiscal year, any
"off-balance sheet arrangements" of any type or nature.  See also Item 7
below.  In regard to the Commission's second concern in the Release, the
Company expressly disclaims that, during the fiscal year, it had any "trading
activities involving non-exchange traded contracts," let alone any such
contracts "accounted for at fair value."  With regard to the Commission's
third concern, the Company expressly disclaims that it had "any relationships
and transactions with persons or entities that derive benefits from their non-
independent relationship with the registrant or the registrant's related
parties."  See Release referenced above.

     Tintic Gold has been in the process or reactivating itself and is now in
the position of determining what business opportunities are available to it,
including evaluating the possible future exploration and development of its
patented mining claims.  Prior to the filing of its registration statement on
Form 10-SB in September 2001, the Company was a passive entity whose income
had been received from the annual rental of its mining properties.  Except for
a "quasi-reorganization" made effective on the Company's books and records as
of December 31, 1997, the Company has had no substantial activity since 1997,
the date its mining lease with Centurion Mines Corporation lapsed.

Current Outlook and Trends for the Tintic Mining District

     As disclosed elsewhere herein, the Company's patented mining claims are
located in the Tintic Mining District of Juab County, Utah, approximately 90
miles south of Salt Lake City.  It is difficult for the Company to summarize
or project the current outlook and trends for the Tintic Mining District
without reference to the Utah Geological Survey's (USG) annual survey of
mining activity in Utah, a survey that typically contains an extensive
discussion of all activity during the year in the Tintic Mining District.
Though this survey for 2001 is not presently available, this report, when
available, will be posted on the USG's website, "geology.utah.gov."  The
Company believes that the 2001 survey will be available soon and therefore,
any interested person is encouraged to monitor such website to see when it is
available.

     Based on previous annual surveys published by the USG, the Company is
informed that from 1999 through 2000, Chief Consolidated Mining ("Chief
Consolidated"), through its subsidiaries Tintic Utah Metals (owned 75 percent
by Chief Consolidated) and Chief Gold Mines, Inc. (owned 100 percent by Chief
Consolidated), continued exploration and rehabilitation work on its East
Tintic properties in Juab County.  In 1999, most of the work was concentrated
on rehabilitating the Burgin mill, rehabilitating workings and underground
long-hole drilling in the Trixie mine and acquiring the necessary operating
                                25
<PAGE>
permits.  The Burgin mill was completely rehabilitated with new gravity and
floatation circuits and has a rated capacity of 240 stpd (380 mtpd).  The mill
is intended to initially process ore from the Apex, Eureka Standard, and
Trixie mines.  Future mill feed could come from numerous other mines
controlled by Chief Consolidated, including the Burgin, Plutus and Iron
Blossom.

     No drilling was done during 2000 on the Burgin, Eureka Standard, or Apex
properties located in the Tintic Mining District.

     The Company mentions the foregoing activity in the District because in
the event that a mining program is initiated on the Company's property and the
necessary permits are obtained, ore, if recovered, could likely be processed
at the Burgin mill or possibly in conjunction with the ore obtained from the
Trixie mine.

     During the fall of 2001, employees of the Utah Geological Survey (UGS)
informed the Company's counsel that the Trixie mine had discovered a
potentially valuable gold vein.  The Trixie is located within five miles or
less of the Company's property.  The USG has further indicated that the reason
gold can be, and is being, mined in the Tintic Mining District in spite of the
current depressed price of gold is because the grade of gold recovered in the
District is unusually high.  That is to say, because of the high concentration
of gold in the ore recovered, substantial amounts of ore do not have to be
processed.  This fact reduces the cost.

Selected Financial Data

     Because Tintic Gold currently has limited operations, selected financial
data would not be particularly meaningful.  Reference is therefore made to the
financial statements of Tintic Gold for the fiscal year ended December 31,
2001, comprising Item 7 below.  Reference is also made to the Company's
audited financial statements contained in Part F/S of its September 19, 2001
registration statement on Form 10-SB.  The audited financial statements
contained therein cover the three (3) years starting in 1997 through 2000.

Fiscal Year 2001

     During the fiscal year ended December 31, 2001, Tintic Gold did not
conduct any business activity that resulted in revenues other than in the
nature of interest income derived from its cash and other investments.  See
Item 7 below.  All of its activities during the year were devoted to
reactivating itself, becoming a "reporting company" and otherwise establishing
a business plan and plan of operation.

     During 2001, Tintic Gold incurred legal and accounting costs and expenses
in connection with the preparation and filing of its Form 10-SB.  The total
expenses, offset by $1,670 of interest income, resulted in a loss for the
fiscal year ended December 31, 2001 of $35,530.  Funding of these and other
expenses was from working capital.

Liquidity and Capital Resources or Requirements

     The working capital of Tintic Gold at December 31, 2001, was
approximately $26,576.  Once again, the Company's existing working capital has
been funded from revenue generated in the past from the leasing of its mining
properties.

     Tintic Gold will likely require additional financing to continue to
develop its business plan and to begin its implementation.  Management
believes this amount may be substantial depending upon a variety of factors
                                26
<PAGE>
such as the price of gold and silver over the next year or two or longer.
Tintic Gold currently has no sources of financing, including bank or private
lending sources, or equity capital sources.  No assurance can be given that
Tintic Gold will be able to develop any sources of financing in the future.
Further, no assurance can be given or made that at such time as its existing
working capital runs out, if and when it does, that individual members of
management will loan the Company sufficient money to make it continue as a
going concern.  To implement its business plan, Tintic Gold may need
substantial additional funding.  Because these requirements are in the more
distant future, management has not yet begun to develop methods or plans of
financing.  If and when necessary, management expects that it will use equity,
debt and other arrangements such as joint ventures to fund these stages of its
business plan to the extent such is necessary.  Based on the Company's current
liquidity situation and in spite of statements to the effect that the Company
will more than likely need additional funding to carry out or implement its
plan of operation, the Company believes that it has sufficient working capital
to carry it through the next eighteen months without having to pursue
additional financing or the raising of additional capital.  See subheading in
Item 1, Part I of the Company's Form 10-SB registration statement titled "Need
for Additional Capital or Financing and Risks Associated Therewith."

Contingency Planning

     The Company has few assets and limited working or operating capital with
no operations and nominal income since its reactivation in 1997.  Once again,
the costs and expenses associated with the preparation and filing of the
Company's 10-SB registration statement and other operations of the Company
have been paid for by the cash that the Company accumulated during the late
1980's and early 1990's as a result of leasing out its mining properties.

     It is anticipated that the Company will require only nominal capital to
maintain its corporate viability and necessary funds will most likely be
provided by the Company's existing cash reserves or from existing shareholders
or its officers and directors in the immediate future.  However, unless the
Company is able to facilitate an acquisition of or merger with an operating
business or is otherwise able to obtain significant outside financing, the
Company may not be able to move from its current reactivation stage.  See
subheading in Item 1, Part I of the Company's Form 10-SB registration
statement titled "Need for Additional Capital or Financing and Risks
Associated Therewith."

     In the opinion of management, neither inflation nor recession will have a
material effect on the operations of the Company until such time as the
Company successfully completes an acquisition or merger or otherwise raises
sufficient additional capital to further develop its mining properties or
other properties it may acquire in the future.  At that time, management will
evaluate the possible effects of inflation or recession on the Company as it
relates to its business and operations.

Plan of Operation

     The Company's goal and ultimate objective is to generate recurring cash
flow by establishing long-term business opportunities.  The uncertainty of
future events, however, presently limits Tintic Gold's ability to provide any
assurances regarding its ability to implement such a plan, raise financial
resources, or undertake these or any other business activities.
                                27
<PAGE>
     During the next twelve to eighteen months, the Company will actively seek
out and investigate possible business opportunities with the intent to acquire
or merge with one or more business ventures.  This includes but is not limited
to doing what it believes is necessary to further develop and explore its
mining properties, properties that it believes are valuable.  Because the
Company lacks substantial cash and other capital resources, it may be
necessary for the officers and directors to either advance funds to the
Company or to accrue expenses until such time as a successful business
combination or consolidation can be made.

     Management believes that the Company can satisfy its minimal cash
requirements from current cash on hand to continue nominal business
operations.  These include paying accountants and lawyers as necessary to
maintain its compliance and filing obligations with the Commission as a
"reporting company."  At the same time, the Company does NOT have sufficient
other funds of its own to finance exploration and development costs, or to
make capital improvements to its properties and operating facilities.

     If and when the funds are available for such purpose, management believes
that further exploration and development on the Company's patented mining
claims may be warranted, even though they cover a relatively small number of
acres for the following reasons: First, to the best knowledge of current
management, the basic geology and other reports and information concerning the
property show that the property has good potential for mining.  Second, to the
best knowledge of current management, there has been limited comprehensive
exploration, to date, of the property's mineralization other than by means of
what exploration has been done in the Emerald Mine.  Third, worldwide and in
the U.S., major ore bodies have been found on property encompassing fewer
acres than that which Tintic Gold encompasses.  Consider, for purposes of
comparison only, the El Indio deposit in Peru and the Orphan Mine in Arizona,
each of which is approximately 20 acres.

     Should the Company be unable to raise a significant amount of additional
working capital in the next eighteen months, it more than likely would not
have sufficient funds, or access to sufficient funds, for exploration or
development work.  As a result, Tintic Gold's plan of operation depends
largely on its ability to cultivate financial resources and business
arrangements with investors and larger and better-capitalized mining or
exploration companies.

     Management intends to hold expenses to a minimum and to obtain expert or
other services on a contingency basis when possible.  Other than shares which
might be issuable to them pursuant to the Company's 2002 Stock Option/Stock
Issuance Plan, the Company's directors and officers hope to defer any
substantial or extensive compensation that might be owed them until such time
as an acquisition or merger of some kind can be accomplished and will strive
to have the business opportunity provide their remuneration, if any.  However,
if the Company engages outside advisors or consultants in its search for
business opportunities, it may be necessary for the Company to attempt to
raise additional funds.

     As of the date hereof, the Company has not made any arrangements or
definitive agreements to use outside advisors or consultants or to raise any
capital.  As stated elsewhere herein, in the event the Company does need to
raise capital, most likely the only method available to the Company would be
the private sale of its securities.  Because of the Company's current nominal
operations, it is unlikely that it could make a public sale of securities or
be able to borrow any significant sum from either a commercial or private
lender.  Once again, there can be no assurance that the Company will be able
to obtain additional funding when and if needed, or that such funding, if
available, can be obtained on terms acceptable to the Company.

                                28
<PAGE>
     The Company does not intend to use or hire any employees, with the
possible exception of part-time clerical assistance on an as-needed basis.
Outside advisors or consultants will be used only if they can be obtained for
minimal cost or on a deferred payment basis.  Management is confident that it
will be able to operate in this manner and to continue its search for business
opportunities during the next eighteen months.

     The Company's business plan will be directed primarily toward seeking out
business opportunities and also pursuing the eventual and possible exploration
and development of its patented mining claims.  The mineral interests and
rights with respect to these claims are believed to represent durable value
for exploration, development and mining as Tintic Gold owns these patented
mining claims in fee simple.  It is also possible, although not presently
contemplated by management or otherwise likely, that Tintic Gold may either
purchase or acquire by way of stock issuance additional patented mining claims
before the end of fiscal 2002.  In any event, management has decided that it
will NOT purchase or otherwise acquire any UNPATENTED mining claims because
the real property underlying such rights is not owned outright and the
uncertain possession and value of their mineral rights is too dependent upon
compliance with costly and time-consuming federal regulations that are subject
to unpredictable changes.

     The reader is advised to review this disclosure item together with the
audited financial statements that accompany this annual report in Item 7
immediately below.  See also Item 2 of Part I of the Company's Form 10-SB
registration statement, a section having the same or a similar title, pp.
16-22 thereof, the contents of which are incorporated herein by reference.

ITEM 7.       FINANCIAL STATEMENTS.
                                29
<PAGE>



                    TINTIC GOLD MINING COMPANY
                  (An Exploration Stage Company)


       REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS
                               AND
                       FINANCIAL STATEMENTS


                   December 31, 2001 and 2000

                    HANSEN, BARNETT & MAXWELL
                    A Professional Corporation
                   Certified Public Accountants
<PAGE>

                    TINTIC GOLD MINING COMPANY
                  (An Exploration Stage Company)


                        TABLE OF CONTENTS

                                                                         Page

  Report of Independent Certified Public Accountants                     F-1

  Balance Sheets - December 31, 2001 and 2000                            F-2

  Statements of Operations for the Years Ended December 31, 2001
     and 2000 and for the Period from December 31, 1997 (Date of
     Inception of the Exploration Stage) through December 31, 2001       F-3

  Statements of Stockholders' Equity for the Period from December 31,
     1997 through December 31, 1999 and for the Years Ended December 31,
     2000 and 2001                                                       F-4

  Statements of Cash Flows for the Years Ended December 31, 2001,
     and 2000 and for the Period from December 31, 1997 (Date of
     Inception of the Exploration Stage) through December 31, 2001       F-5

  Notes to the Financial Statements                                      F-6



<PAGE>
HANSEN, BARNETT & MAXWELL
      A Professional Corporation
     CERTIFIED PUBLIC ACCOUNTANTS

                                                      (801) 532-2200
                                                    Fax (801) 532-7944
                                                345 East Broadway, Suite 200
                                               Salt Lake City, Utah 84111-2693
                                                      www.hbmcpas.com


       REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS

To the Board of Directors and Stockholders
Tintic Gold Mining Company

We have audited the accompanying balance sheets of Tintic Gold Mining Company
(an exploration stage company) as of December 31, 2001 and 2000, and the
related statements of operations, stockholders' equity and cash flows for the
years then ended, and for the period from December 31, 1997 (date of inception
of the exploration stage) through December 31, 2001. 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 auditing standards generally
accepted in the United States of America. Those standards require that we plan
and perform the audits 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
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 Tintic Gold Mining Company as
of December 31, 2001 and 2000, and the results of its operations and cash
flows for the years then ended, and for the period December 31, 1997 (date of
inception of the exploration stage) through December 31, 2001 in conformity
with accounting principles generally accepted in the United States of America.

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 losses from
operations. During the year ended December 31, 2001, the Company had net
losses of $35,530, and the Company's operations used $22,196 of cash. These
matters raise 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
relating to the recoverability and classification of asset carrying amounts or
the amount and classification of liabilities that might result should the
Company be unable to continue as a going concern.


                                  HANSEN, BARNETT & MAXWELL
Salt Lake City, Utah
February 26, 2002

                               F-1
<PAGE>
<TABLE>
                    TINTIC GOLD MINING COMPANY
                  (An Exploration Stage Company)
                          BALANCE SHEETS
<CAPTION>

                                                    December 31, December 31,
                                                        2001          2000
<S>                                                 <C>          <C>
                              ASSETS

Current Assets
         Cash and cash equivalents                  $   29,860     $   45,051
         Income tax refund receivable                    3,876              -
         Investment in available for sale securities         -          7,265
         Deferred tax asset                                  -            201
                                                    ----------     ----------
                  Total Current Assets                  33,736         52,517
                                                    ----------     ----------
Total Assets                                        $   33,736     $   52,517
                                                    ==========     ==========

               LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities
         Accounts payable                           $    3,184     $      700
         Accrued franchise and income taxes                100          1,113
                                                    ----------     ----------
                  Total Current Liabilities              3,284          1,813
                                                    ----------     ----------
Stockholders' Equity
         Common Stock - $0.001 par value; 10,000,000
          shares authorized; 2,817,720 and 2,317,720
          shares issued and outstanding                  2,818          2,318
         Additional paid-in capital                     52,157         37,657
         Retained earnings (accumulated deficit)
          from December 31, 1997,
          date of quasi-reorganization)                (24,523)        11,007
         Unrealized loss on investment in securities,
          net of taxes                                       -           (278)
                                                    ----------     ----------
                  Total Stockholders' Equity            30,452         50,704
                                                    ----------     ----------
Total Liabilities and Stockholders' Equity          $   33,736     $   52,517
                                                    ==========     ==========
</TABLE>
The accompanying notes are an integral part of these financial statements.
                               F-2
<PAGE>
<TABLE>
                    TINTIC GOLD MINING COMPANY
                  (An Exploration Stage Company)
                     STATEMENTS OF OPERATIONS

<CAPTION>
                                                           For the Period From
                                                            December 31, 1997
                                 For the Years           (Date of Inception of
                                 Ended December 31,     the Exploration Stage)
                                  2001         2000  Through December 31, 2001
<S>                               <C>        <C>          <C>
Income
  Interest                         $   1,670  $  2,571     $     8,252
  Gain (loss) on sale of marketable
  securities                            (604)    3,522           8,084
                                   ---------  --------     -----------
         Total Income                  1,066     6,093          16,336

General and Administrative Expenses   40,472     1,008          42,067
                                   ---------  --------     -----------
Income (Loss) Before Income Taxes    (39,406)    5,085         (25,731)

Benefit from (Provision for) Income
 Taxes                                 3,876      (978)          1,208
                                   ---------  --------     -----------
Net Income (Loss)                  $ (35,530) $  4,107     $   (24,523)
                                   =========  ========     ===========
Basic Earnings (Loss) Per Share    $   (0.02) $   0.00
                                   =========  ========
Weighted Average Common Shares Used
 in Per Share Calculations         2,317,720 2,317,720
                                   ========= =========
</TABLE>
The accompanying notes are an integral part of these financial statements.
                               F-3
<PAGE>
<TABLE>
                    TINTIC GOLD MINING COMPANY
                  (An Exploration Stage Company)
                STATEMENTS OF STOCKHOLDERS' EQUITY
<CAPTION>
                                                                Additional
                                           Common Stock            Paid-In
                                        Shares     Amount          Capital
<S>                               <C>           <C>          <C>
Balance - December 31, 1997
  (Date of Inception of the
  Exploration Stage)                  2,317,720    $   2,318   $  37,657

Net Income                                    -            -           -

Unrealized losses on available-
  for-sale securities, net of tax             -            -           -

Comprehensive income                          -            -           -
                                      ---------    ---------   ---------
Balance - December 31, 1999           2,317,720        2,318      37,657

Net income                                    -            -           -

Unrealized losses on available-
  for-sale securities, net of
  reclassification adjustment and tax         -            -           -

Comprehensive income                          -            -           -
                                      ---------    ---------   ---------
Balance - December 31, 2000           2,317,720        2,318      37,657

Stock issued for services in
December 2001 at $0.03 per share        500,000          500      14,500

Net loss                                      -            -           -

Unrealized gains on available-
  for-sale securities, net of
  reclassification adjustment and tax         -            -           -

Comprehensive loss                            -            -           -
                                      ---------   ----------   ---------
Balance - December 31, 2001           2,817,720   $    2,818   $  52,157
                                      =========   ==========   =========
</TABLE>
CONTINUED
<TABLE>
                    TINTIC GOLD MINING COMPANY
                  (An Exploration Stage Company)
                STATEMENTS OF STOCKHOLDERS' EQUITY
<CAPTION>
                                      Retained
                                      Earnings      Unrealized
                                   (Accumulated   Gains (Losses)
                                    Deficit)       on Available-     Total
                                   During the        for-Sale    Stockholders'
                                 Development Stage  Securities      Equity
<S>                                <C>           <C>            <C>
Balance-December 31, 1997
  (Date of Inception of the
  Exploration Stage)                $        -    $          -   $     39,975
                                                                 ------------
Net Income                               6,900               -          6,900

Unrealized losses on available-
  for-sale securities, net of tax            -             (51)           (51)
                                                                 ------------
Comprehensive income                         -               -          6,849
                                    ----------    ------------   ------------
Balance-December 31, 1999                6,900             (51)        46,824
                                                                 ------------
Net Income                               4,107               -          4,107

Unrealized gains on available-
  for-sale securities, net of
  reclassification adjustment and tax        -            (227)          (227)
                                                                 ------------
Comprehensive income                         -               -          3,880
                                    ----------    ------------   ------------
Balance-December 31, 2000               11,007            (278)        50,704

Stock issued for services in
December 2001 at $0.03 per share             -               -         15,000

Net loss                               (35,530)              -        (35,530)

Unrealized gains on available-
  for-sale securities, net of
  reclassification adjustment and tax        -             278            278
                                                                 ------------
Comprehensive loss                           -               -        (20,252)
                                    ----------   -------------   ------------
Balance-December 31, 2001           $  (24,523)   $          -   $     30,452
                                    ==========   =============   ============
</TABLE>
The accompanying notes are an integral part of these financial statements.
                               F-4
<PAGE>
<TABLE>
                    TINTIC GOLD MINING COMPANY
                  (An Exploration Stage Company)
                     STATEMENTS OF CASH FLOWS

<CAPTION>
                                                        For the Period From
                                                         December 31, 1997
                                 For the Years        (Date of Inception of
                                Ended December 31,    the Exploration Stage)
                                  2001         2000  Through December 31, 2001
<S>                                  <C>          <C>       <C>
Cash Flows From Operating Activities
  Net income (loss)                   $  (35,530)  $  4,107  $ (24,523)
  Adjustments to reconcile net income
  (Loss) to net cash provided by operating
  activities:
    Stock issued for services             15,000          -     15,000
    Loss (gain) from sale of securities      604     (3,523)    (8,086)
  Changes in operating assets and liabilities:
    Income tax refund receivable          (3,876)         -     (3,876)
    Accounts payable                       2,484        700      3,184
    Deferred income taxes                    135       (135)         -
    Income taxes payable                  (1,013)       766       (565)
                                      ----------   --------  ---------
Net Cash Provided By (Used In)
Operating Activities                     (22,196)     1,915    (18,866)
                                      ----------   --------  ---------
Cash Flows From Investing Activities
    Purchase of securities                    -      (7,609)    (7,609)
    Proceeds from sale of securities
    available for sale                    7,005       6,186     23,962
                                      ---------   ---------   --------
Net Cash Provided by (Used in)
Investing Activities                      7,005      (1,423)    16,353
                                      ---------   ---------   --------
Net Increase (Decrease) in Cash and
Cash Equivalents                        (15,191)        492     (2,513)

Cash and Cash Equivalents at
Beginning of Period                      45,051      44,559     32,373
                                      ---------   ---------   --------
Cash and Cash Equivalents at End of
Period                                $  29,860   $  45,051   $ 29,860
                                      =========   =========   ========

Supplemental Disclosures of Cash Flow Information
  Cash paid for income taxes          $   1,113   $     347   $  3,465
                                      =========   =========   ========
</TABLE>
The accompanying notes are an integral part of these financial statements.
                               F-5
<PAGE>
                    TINTIC GOLD MINING COMPANY
                  (An Exploration Stage Company)
                  NOTES TO FINANCIAL STATEMENTS

NOTE 1 -- ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

History and Nature of Business - Tintic Gold Mining Company (the "Company")
was incorporated in the State of Utah on June 14, 1933. The Company was
incorporated for the purpose of mining, milling, ore reducing, and smelting.
At that time, it acquired from the Emerald Mining Company, the patented mining
claims it has owned since 1933.  These mining claims are located in the Tintic
Mining District of Juab County, Utah. Prior to December 31, 1997, the Company
was dormant.  The Company is considered an exploration stage company; however,
the Company does not have any current mining exploration, development or
production activities on its existing properties. The Company intends to
develop its existing properties in the future and to acquire additional mining
properties that contain potential for development and exploration.

Quasi-Reorganization - On June 21, 2001, a majority of the shareholders of the
Company approved a quasi-reorganization, retroactive to December 31, 1997. On
June 21, 2001, the Company amended its articles of incorporation to reduce the
par value per share from $0.10 to $0.001. As a result of the quasi-
reorganization, the common stock of the Company was written down to its par
value of $0.001 per share, the accumulated deficit of $191,797 was eliminated,
and additional paid-in capital was adjusted to reflect the difference between
the historical cost of assets and liabilities as of December 31, 1997.  The
financial statements have been restated for all periods presented to reflect
the change in par value per share.

Business Condition - As shown in the financial statements, during the year
ended December 31, 2001, the Company incurred a loss of $35,530 and used cash
from operations of $22,196.  The general and administrative expenses for the
year December 31, 2001 increased significantly compared to the year ended
December 31, 2000 due to the Company's involvement in activities to raise
additional funds to develop its mining properties.  No additional funds have
been raised as of December 31, 2001. For the period from December 31, 1997
(date of inception of the exploration stage) through December 31, 2001, the
Company's income has been generated solely from interest and dividends earned
on cash, cash equivalents and available-for-sale securities and from net gains
on the sale of marketable securities.  The Company sold all marketable
securities during the year ended December 31, 2001; therefore, marketable
securities will no longer be a source of income.  Management anticipates that
only nominal capital will be needed to maintain its corporate status and
necessary funds will most likely be provided by the Company's existing cash
reserves. However, the Company's ability to reach planned operations is
dependent upon its ability to obtain additional debt or equity financing, to
generate sufficient cash flow from mining operations, and ultimately to attain
profitable operations.

Use of Estimates - The preparation of financial statements in conformity with
accounting principles generally accepted in the United States of America
requires management to make estimates and assumptions that affect certain
reported amounts and disclosures.  Actual results could differ from those
estimates.

Cash Equivalents and Fair Value of Financial Instruments - The Company
considers highly liquid investments with an original maturity of three months
or less to be cash equivalents. The amounts reported as cash, accounts
payable, and accrued franchise and income taxes are considered to be
reasonable approximations of their fair values. The fair value estimates were
based on estimated future cash flows.

Investment in Securities - Investments in equity securities are stated at fair
value, based on quoted market prices, and are classified as available-for-
sale. Unrealized gains and losses are reported in stockholders' equity, net of
related deferred income taxes.  Gains and losses on disposition are based on
the net proceeds less the cost basis of the security sold, using the specific
identification method.

Stock Based Compensation - Compensation relating to options granted to non-
employees is measured by the fair value method, computed using the Black-
Scholes option pricing model. Stock-based compensation to employees is
measured by the intrinsic value method. For fixed options, this method
recognizes compensation based on the difference between the fair value of the
underlying common stock and the exercise price of the stock option on the date
granted.
                                F-6
<PAGE>

Basic Earnings (Loss) Per Share - Basic earnings (loss) per common share is
computed by dividing net income (loss) by the weighted-average number of
common shares outstanding during the period.  At December 31, 2001, there were
no potentially issuable common shares.

NOTE 2 -- INVESTMENT IN SECURITIES AND OTHER COMPREHENSIVE (LOSS) INCOME

Marketable equity securities are classified as available-for-sale and are
stated at fair value. At December 31, 2000, available-for-sale securities
consisted of stock with a basis of $7,609, gross unrealized losses of $344,
and estimated fair value of $7,265.  During the year ended December 31, 2001,
all marketable securities held by the Company were sold.  Proceeds from sales
of securities and the resulting gross realized gains and losses were as
follows:

                                                      For the Years Ended
                                                          December 31,
                                                      2001             2000

      Proceeds from sales of securities             $  7,005      $  6,186
                                                    ========      ========
      Gross realized gains (losses)                 $   (604)     $  3,523
                                                    ========      ========
Other comprehensive loss consists of the change in net unrealized holding gain
and loss on securities available for sale and their related income tax benefit
as follows:

                                          Before-Tax       Tax    Net-of-Tax
                                              Amount   Benefit        Amount

     For the Year Ended December 31, 2001
      Unrealized net holding losses           $  (260)  $     50   $     (210)
      Reclassification adjustment for losses
         Included in net loss                     604       (116)         488
                                              -------   --------   ----------
        Other Comprehensive Income            $   344   $    (66)  $      278
                                              =======   ========   ==========
     For the Year Ended December 31, 2000
      Unrealized net holding gains            $ 3,242   $   (624)  $    2,618
      Reclassification adjustment for net
         gains included in net income          (3,523)       678       (2,845)
                                              -------   --------   ----------
        Other comprehensive Loss              $  (281)  $     54   $     (227)
                                              =======   ========   ==========
NOTE 3 -- INCOME TAXES

Deferred income taxes are recognized for differences between the bases of
assets for financial statement and income tax reporting purposes and for
operating loss carry forwards.

The components of the deferred tax asset at December 31, 2001 and December 31,
2000 are as follows:

                                                 December 31,     December 31,
                                                      2001             2000
     Unrealized losses on investment in securities   $     -       $     66
     Deferred compensation                             3,273            135
     Valuation allowance                              (3,273)             -
                                                     -------       --------
      Total Deferred Tax Asset                       $     -       $    201
                                                     =======       ========
                               F-7
<PAGE>

The components of income tax expense were as follows:
                                                   For the Years Ended
                                                        December 31,
                                                      2001             2000
     Current   -- Federal                        $ (3,445)         $    824
               -- State                              (431)              289
                                                 --------          --------
                                                   (3,876)            1,113

     Deferred  --Federal                                -              (100)
               --State                                  -               (35)
                                                 --------          --------
                                                        -              (135)
     Provision for Income Taxes
        Expense                                  $ (3,876)         $    978
                                                 ========          ========

For tax reporting purposes, the Company carried back the 2001 tax loss of
$22,367 resulting in a tax refund of $3,876.

The following is a reconciliation of the amount of tax expense (benefit) that
would result from applying the federal statutory rate to pretax income (loss)
with the provision for income taxes:

                                                    For the Years Ended
                                                        December 31,
                                                     2001            2000

     Tax (benefit) at federal statutory rate (34%) $(13,398)   $   1,729
     State income taxes, net of federal benefit      (1,300)         164
     Difference due to tax rates                      7,550         (915)
     Change in valuation allowance                    3,272            -
                                                   --------    ---------
Provision for income taxes                         $ (3,876)   $     978
                                                   ========    =========

NOTE 4 -- COMMON STOCK

In December 2001, the Company issued 500,000 shares of common stock to three
members of the board of directors and to the Company's legal counsel for
services performed during 2001. Because there was no valued market trades upon
which a fair value of the shares issued could be determined, the board of
directors determined the fair value of the services to be $15,000 or $0.03 per
share.

NOTE 5 -- STOCK OPTIONS

On January 15, 2002, the board of directors approved and adopted the "2002
Stock Option/Stock Issuance Plan" (the Plan) with a maximum of 1,000,000
shares of common stock reserved for issuance under the Plan.  The 2002 Plan
provides for both the direct award and sale of shares and for the grant of
options to purchase shares. The board of directors shall determine which
eligible persons are to receive Incentive Options or Non-Statutory option
grants or stock issuances in accordance with the Plan. The board of directors
will fix the exercise price per share of options granted. The term of options
shall not exceed ten years from the option grant date.  No options were issued
under the Plan as of December 31, 2001 nor subsequently.

NOTE 6 -- COMMITMENTS

During 1980, a former president of the Company entered into an agreement with
the Company whereby he settled a note due from the Company and relinquished
his direct control of the Company. Among other consideration, the Company
conveyed to the former president a 3% net smelter return on any ores sold from
its historical patented mining claims held, plus surface rights. The Company
retained rights to enter and exit the property for exploration and mining
activity.
                               F-8
<PAGE>

ITEM 8.       CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS
          ON ACCOUNTING AND FINANCIAL DISCLOSURE.

     None.

                            Part III

ITEM 9.   DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS;
COMPLIANCE WITH SECTION 16(a) OF THE EXCHANGE ACT.

     DIRECTORS.  According to Article VI of the Company's Restated Articles of
Incorporation, a copy of which is attached as Exhibit 3.1(iv) to the Company's
Form 10-SB registration statement, the Company shall be managed by a board of
directors of a minimum of three (3) persons.  Each director shall hold not
less than 100 shares of stock of the Company in order to be eligible to hold
the office of director.

     Under the Company's Articles and Bylaws, the directors are elected to
serve until the next annual shareholders' meeting or until their respective
successors are elected and qualify.  Interim replacements for vacancies on the
Board of Directors are appointed by the remaining, incumbent directors.  As
aforesaid, the Tintic Gold Board of Directors is currently composed of three
(3) members.  No director that was appointed or elected during any of the past
five fiscal years has declined to serve, and none has been found unable or
unfit to serve, the only exception being Mr. Ernest Muth, a former officer and
director who voluntarily chose to resign from the Board and as the Company's
vice president on December 20, 2001.  See footnote 9 in Item 11 of this Part
III below titled "Security Ownership of Certain Beneficial Owners and
Management"; see also the Form 8-K filed by the Company on or about December
28, 2002.

     EXECUTIVE OFFICERS.  The Company's officers hold office until the meeting
of the Board of Directors immediately following the next annual shareholders'
meeting or until removal by the Board of Directors.  Tintic Gold's Bylaws
specify that its officers shall be a president, one or more vice presidents, a
secretary and a treasurer.  Interim replacements for officers that have
resigned or been terminated are appointed by the Board of Directors.  The
following sets forth pertinent information about each of Tintic Gold's
directors and executive
officers:

     The current directors and officers of Tintic Gold are as follows:

Name                        Age       Position
------------------        -------     -----------------------------------
George Christopulos           52      President, Chief Executive Officer,
                                      Director (Chairman of the Board)

Hugh Coltharp                 50      Secretary/Treasurer and Director

Jack Coombs                   75      Director and Vice President

                                30
<PAGE>
     Mr. CHRISTOPULOS is currently employed by the Salt Lake County
Assessor's office as a commercial real estate appraiser.  He received a B.S.
degree in Accounting from the University of Utah in 1974, graduating cum
laude.  He has been the chairman of the board and the president of the Company
since 1982.  He is NOT currently an officer, director or "control person" of
any other "reporting company."

     Mr. COLTHARP is a retired stockbroker, formerly of Potter Investment
Company, a local stock brokerage firm, who currently buys, sells and restores
antique cars.  He has been a director of the Company longer than any other
director, having become a director in 1980.  He is NOT currently an officer,
director or "control person" of any other "reporting company."

     Mr. COOMBS is a retired Salt Lake City businessman and private investor.
Mr. Coombs graduated from the University of Utah in 1950 with a B.S. degree in
business administration.  He has been involved with other developing and
exploratory mining companies in the past.  Mr. Coombs served as an officer and
director of a company known as Vis Viva Corporation, a "reporting company" now
known as WideBand Corporation and which trades on the OTC Bulletin Board under
the symbol ZWBC.OB.  He is NOT currently an officer, director or "control
person" of any other "reporting company."

     The Company does not believe that any of its officers or directors come
within the definition of a "promoter" as defined in Rule 405 of the General
Rules and Regulations of the Commission, 17 CFR Section 230.405.

     The Company denies that any person other than those persons identified
above "controls", or has the power to "control," the Company as contemplated
in the "control person" provisions of both state and federal securities laws
and as the word "control" is further defined in Rule 405.

     No officer or director has been involved, directly or indirectly, in any
bankruptcy or insolvency proceeding of any kind.  None is currently involved
in any litigation nor has any been involved in any litigation that would have
a bearing on any such person's fitness or other ability to act and serve as a
director or officer of the Company.

     No arrangement or understanding exists between or among any of the
directors or executive officers and any other person pursuant to which any
director was elected, or any executive officer was appointed.  None of the
Company's directors or officers are currently directors or officers of any
other company registered under the Securities Exchange Act of 1934.

     Each director and executive officer intends to devote such amount of time
as that person's responsibilities require, but none of them work full time for
the Company.  Also, no family relationship exists among any of the named
directors and executive officers.  None of the directors or officers has ever
been employed by a mining company and none has any college or university
degree involving mining.

     None of the Company's directors, officers, or principal shareholders has
been involved in any legal proceeding during the past five (5) years arising
from any of the following events that would be material in evaluating the
ability or integrity of any such person: (1) any bankruptcy petition filed by
or against any business of which such person was a general partner or
executive officer either at the time of the bankruptcy or within two years
prior to that time; (2) any conviction in a criminal proceeding or being
subject to a pending criminal proceeding (excluding traffic violations and
other minor offenses); (3) being subject to any order, judgment, or decree,
                                31
<PAGE>
not subsequently reversed, suspended or vacated, of any court of competent
jurisdiction, permanently or temporarily enjoining, barring, suspending or
otherwise limiting that person's involvement in any type of business,
securities or banking activities; and (4) being found by a court of competent
jurisdiction (in a civil action), the Commission, or the Commodity Futures
Trading Commission to have violated a federal or state securities, or
commodities law and the judgment has not been reversed, suspended, or vacated.

     BOARD MEETINGS.  Pursuant to Utah law, the Board of Directors conducted
all of its business and approved all corporate action during fiscal 2001 by
the unanimous consent of all its members, in the absence of formal Board
meetings.

     STANDING AUDIT AND COMPENSATION COMMITTEES; NO OTHER COMMITTEES.  The
Board of Directors has not established Compensation or Audit Committees.  At
present, the Board does not have a nominating committee, or any other Board
committees.  Under the Plan that it adopted and which is attached hereto as
Exhibit 10, the Board must nominate and appoint a Committee and a Plan
Administrator to oversee and administer the Plan.  To date, the Board has not
done such.

     COMPLIANCE WITH SECTION 16(a) OF THE SECURITIES EXCHANGE ACT OF 1934.
Section 16(a) of the Securities and Exchange Act of 1934 requires officers,
directors, and persons who own more than ten percent (10%) of the issuer's
common stock to file initial reports of beneficial ownership and to report
changes in such ownership with the Commission and the NASD.  These persons are
also required to furnish the Company with copies of all Section 16(a) forms
they file.  These requirements commenced upon the effective date of the
Company's registration statement which was November 19, 2001.  Therefore, as
of the date of this Annual Report on Form 10-KSB, these persons have been
subject to the requirements of Section 16(a).  Tintic Gold has informed these
persons of their obligations under Section 16(a).  Further, the Company has
set up a procedure whereby periodically it will (i) notify these persons of
their Section 16(a) obligations; (ii) review the copies of Forms 3, 4, and 5
that these persons furnish to the Company; (iii) request written
representations from them that no other transactions were required; and (iv)
make a determination that the pertinent officers, directors and principal
shareholders have complied with all applicable Section 16(a) requirements
during the fiscal year 2001.

     DIRECTOR AND OFFICER LIABILITY LIMITATION.  The Company's Restated
Articles of Incorporation and Bylaws, both of which were exhibits to the
Company's registration statement on Form 10-SB, limit the personal liability
of directors, officers and the Company's shareholders to the full extent
allowed by Utah law.  This is a risk factor that an investor or potential
investor should consider because it means that a disgruntled or injured
investor's remedies may not be as significant or meaningful as might otherwise
be the case in the absence of these statutory and common law protections.  See
also Risk Factor No. 9 in the beginning of this document above titled
"Indemnification of Officers and Directors."

ITEM 10.   EXECUTIVE COMPENSATION

     COMPENSATION OF EXECUTIVE OFFICERS AND DIRECTORS.  Because Tintic Gold's
officers and directors are the same persons, the Company is discussing both
categories of persons together under this disclosure item.  This includes
those persons referred to under Item 402 of Regulation S-B as "Named Executive
Officers."
                                32
<PAGE>
     Other than as modified by the 2002 Stock Option/Stock Issuance Plan
("Plan") adopted by the Board on January 15, 2002 and discussed elsewhere
herein, the Company does NOT have any contracts with or contractual
arrangements for compensation of directors or officers.  The Company also does
NOT pay any monetary fees or other form of cash compensation for their
services.  Directors and officers are entitled to receive reimbursement of
out-of-pocket expenses incurred by them on behalf of the Company.  Because
none of the Company's officers or directors, during any of the last three (3)
fiscal years, received individual total annual salary and bonus in excess of
$100,000 for any fiscal year, the Company has NOT included a table under this
item describing such compensation as would otherwise be required.  Based on
the Instruction to Item 402(b) of Regulation S-B, the Company also has NOT
included such a table for any years prior to the current fiscal year because
Tintic Gold was not a "reporting company" in any year prior to fiscal 2001.
Such compensation, if it had occurred, would include the dollar value of base
salaries and bonus awards, the number and value of stock options granted, and
any other compensation, if any, none of which occurred other than those
425,000 "restricted" and investment shares issued to officers and directors
for services rendered by them during the fiscal year ended December 31, 2001
and which are more specifically described in this Item 10 and also Item 11
immediately below.

     As additionally disclosed in the Item 11 immediately below, for the
fiscal year ended December 31, 2001, the Company's president and Chairman of
the Board, George Christopulos, received 230,000 "restricted" shares for
services rendered during the year.  Mr. Jack Coombs, the Company's vice
president and a director, received 170,000 "restricted" shares and Mr. Hugh
Coltharp, the Company's secretary/treasurer and a director, received 25,000
"restricted" shares for services rendered.  The 425,000 "restricted" shares
were authorized to be issued on January 15, 2002 when no market existed for
the Company's shares and at a time when no application had been made to the
NASD for trading or listing on the OTC Bulletin Board.  For accounting and
other purposes, the Board was required to put a value on the "restricted"
shares so authorized to be issued and, there being no market for the Company's
stock on January 15, 2002, they chose three cents or $0.03 per share.  See Ex.
99 attached hereto.  These recently issued 500,000 "restricted" shares are
reflected as issued and outstanding as of the Company's year-end.  See Item 7
above, titled "Financial Statements."

     Mr. Ernest Muth, a person who also served as a director and officer
during the fiscal year but who resigned towards the end of the fiscal year,
received $2,000 in cash and no "restricted" or other stock for services
rendered by him during the fiscal year.

     Because the Company has no subsidiaries, no officer or director
simultaneously served during the fiscal year or any of the prior two (2)
fiscal years as an officer or director of any subsidiary.  As a result, there
is no compensation received by any such person from a subsidiary to disclose.

     No third party received any compensation from the Company in stock,
stock options or the like for services rendered the Company during the fiscal
year, consideration that was awarded in lieu of cash.

     ADOPTION OF A 2002 STOCK OPTION/STOCK ISSUANCE PLAN.  In the year-end
written consent of directors attached hereto and incorporated by reference as
Exhibit 99, the Company's directors approved a plan ("2002 Stock Option/Stock
Issuance Plan" or "Plan") for the granting of stock, stock options and stock
appreciation rights (SARs) with a view to the eventual filing of a
registration on Form S-8 with the Commission.  See Item 402(a)(6)(ii) of
Regulation S-B defining the word "plan."  A true and complete copy of this
                                33
<PAGE>
Plan is attached hereto as Exhibit 10, the Regulation S-B category for
"material contracts."  The Plan was approved on January 15, 2002, to enable
the Company to attract and retain experienced and able directors, officers,
employees and similar individuals, including consultants, who provide
significant services to the Company and who are eligible under the Plan to
receive qualified and non-qualified plan awards.  Because the Plan speaks for
itself and because it may not be accurate or fair to attempt to summarize such
Plan in its entirety, reference is made to the entire Plan, a copy of which is
attached hereto as Ex. 10.  As of the date of this filing, the Plan authorizes
the total issuance of one million (1,000,000) shares of common stock to be
administered under the Plan.  To date the Company has not issued any non-
restricted stock, options, or stock appreciation rights awardable under the
plan.  However, the Company has pegged an option purchase price of two and one
half cents ($0.025) per share on the first 250,000 shares issuable to officers
and directors under the Plan.  See Ex. 99 hereto.  Any option to acquire such
shares has not as yet been granted to any officer or director or anyone else
because no such option has as yet been earned during fiscal 2002.  The Plan
contemplates that at such time as an option to acquire any such shares is
earned, the optionee and the Company will enter into a written stock option
agreement.  The option price figure of two and one half cents ($0.025) per
share on the first 250,000 shares was arrived at on January 15, 2002, when
there was no trading market for the Company's securities and further, when no
application had as yet been made to the NASD for listing or trading of the
Company's securities on the OTC Bulletin Board, and thus, when no market
existed for the shares.  The estimated or reasonable book value of the Company
on January 15, 2002 was also a factor taken into consideration by the board
when the option price was determined.  These and other option shares are
likely to be registered at some point in the future on an S-8 registration and
thus, they are likely to be issued to the designated optionee, only after the
option consideration has been paid to the Company, without the typical or
standard Rule 144 restrictive legend but instead, they are likely to bear a
"control person" or "soft legend" and may thereafter be freely tradeable in
interstate commerce only at such time as the recipient/officer or director is
no longer affiliated with the Company and otherwise has an exemption from
registration or his or her subsequent offer, sale or other disposition of the
shares.  See Exs. 10 and 99 hereto; see also additional references to this
Plan in Part I, Item 1, "Description of Business" above.  See also the
"Dilution" risk factor identified and discussed above.

     NO RETIREMENT, PENSION OR PROFIT SHARING PLANS.  At present, directors
and officers do NOT receive any award of options, warrants, or stock
appreciation rights (SAR's) for their service.  There are no retirement,
pension, or profit sharing plans for the benefit of officers, directors or key
employees as of the date of this filing.

     OPTION/STOCK APPRECIATION RIGHTS (SAR) GRANTS TABLE.  This table has been
omitted because there has been no compensation awarded in the form of options
or SARs awarded to, earned by, or paid to any Company officer or director
during any pertinent fiscal year as required to be covered by such a table.

     AGGREGATED OPTION/STOCK APPRECIATION RIGHTS (SAR) EXERCISES AND FISCAL
YEAR-END OPTION/SAR VALUE TABLE.  This table has been omitted because there
has been no compensation in the form of options or SARs awarded or paid to, or
earned, exercised, or retained by, any Company officer or director during any
pertinent fiscal year as required to be covered by such a table.

     LONG-TERM INCENTIVE PLAN (LTIP) AWARDS TABLE.  This table has been
omitted because there has been no compensation in the form of long-term
incentive awards that have been granted or paid to, or earned, exercised, or
retained by, any Company officer or director during any pertinent fiscal year
as required to be covered by such a table.
                                34
<PAGE>
ITEM 11.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT.

     The following table sets forth the beneficial ownership of the Company's
common stock with respect each person known to be the owner of 5% or more of
the common capital stock of the Company, each director, each officer, and all
executive officers, directors and 5% or greater shareholders of the Company as
a group.  As of December 31, 2001, there were 2,817,720 common capital shares
issued and outstanding, a figure that includes the 500,000 "restricted" shares
that the board of directors, on January 15, 2002, authorized to be issued to
four individuals for services rendered the Company during 2001.  See Exhibit
99.  The following chart or table also takes into consideration additional
shares that two officers and directors acquired in non-issuer transactions
during February 2002, acquisitions that were timely reported to the Commission
on Form 4's.

                                                                 Percent of
                                    Number of Shares of          Ownership of
                                      Common Stock               Common Stock
Name of Beneficial Owner            Beneficially* Owned          Outstanding
----------------------------       ---------------------         ------------
George Christopulos (1)
3131 Teton Drive
Salt Lake City, Utah 84109              416,871(2)                  15.0%

Hugh Coltharp (3)
1478 Roosevelt Avenue
Salt Lake City, Utah 84105               41,000(4)                   1.5%

Jack Coombs (5)
2581 East 1300 South
Salt Lake City, Utah 84108              303,288(6)                  10.76%

John Michael Coombs(7)
3098 South Highland Drive, Suite 323    174,166(8)                 6.18%
Salt Lake City, Utah 84106-3085

All 5% or more owners, all
directors and all officers as a
group (3 persons)(9)                     932,325                     33%


-------------------------------
*    Beneficial ownership is determined in accordance with the rules and
regulations of the U.S. Securities and Exchange Commission ("Commission") and
generally includes voting or investment power with respect to securities.
Shares of common stock issuable upon the exercise of options or warrants
currently exercisable, or exercisable or convertible within 60 days of the
Company's year end, are also deemed outstanding for computing the percentage
ownership of the person holding such options or warrants but are not deemed
outstanding for computing the percentage ownership of any other person.  In
this regard, the above table also takes into consideration the transfer
agent's issuance, on February 13, 2002, of a total of 500,000 "restricted"
shares to the above four (4) persons under Rule 144 of the General Rules and
Regulations of the Commission for services that each such person rendered the
Company during 2001.
                                35
<PAGE>
    (1)   Mr. Christopulos is the president of the Company and the chairman
          of the board.  He has been president of the Company since 1982.
          Between 1982 and 2001, Mr. Christopulos never took any consideration
          from the Company for services rendered.

    (2)   This figure includes 53,583 shares that Mr. Christopulos has held
          for numerous years and long before the Company's year-end.  It
          further includes an additional 230,000 "restricted" and investment
          shares that Mr. Christopulos acquired from the Company on February
          13, 2001 pursuant to a written consent resolution of the directors
          signed on January 15, 2002, a copy of which is attached hereto as
          Ex.99.  This figure further includes 66,000 shares that Mr.
          Christopulos acquired on February 19, 2002 and 67,2885 shares that
          Mr. Christopulos acquired on February 26, 2002.  All tolled, Mr.
          Christopulos purchased a total of 133,288 shares during February
          2002, shares that, because of Mr. Christopulos's director and
          officer status, are deemed "control" shares under Rule 144 of the
          General Rules and Regulations of the Commission.  Mr. Christopulos
          manually filed a Form 4 with the Commission updating and reporting
          the foregoing increases in his holdings.

    (3)   Mr. Coltharp is the secretary/treasurer of the Company and a
          director.  He became a director in 1980.  Between 1980 and 2001, Mr.
          Coltharp never took any consideration from Company for services
          rendered.

    (4)   This figure includes 16,000 shares that Mr. Coltharp has held for
          numerous years and long before the Company's year-end.  It further
          includes an additional 25,000 "restricted" and investment shares
          that Mr. Coltharp acquired from the Company on February 13, 2002
          pursuant to a consent resolution of the directors signed on January
          15, 2002, a copy of which is attached hereto as Ex. 99.  Mr.
          Coltharp manually filed a Form 5 with the Commission within 45 days
          of the Company's year-end.  This Form 5 reported that he would be
          receiving 25,000 "restricted" shares.

    (5)   Mr. Jack Coombs is a director and the vice president of the
          Company.  He became a director in 1994.  He also acted as a director
          of the Company for a brief time in the early 1980's.  Between the
          early 1980's when he served on the board and between 1994 and 2001
          when Mr. Coombs later served on the board, Mr. Coombs never took any
          consideration from the Company for services rendered.

    (6)   This figure includes 170,000 "restricted" and investment shares
          that Mr. Jack Coombs acquired from the Company on February 13, 2001
          pursuant to a written consent resolution of the directors signed on
          January 15, 2002, a copy of which is attached hereto as Ex. 99.
          This figure further includes 61,583 shares that Mr. Coombs acquired
          on February 15, 2002; 39,825 shares that Mr. Coombs acquired on
          February 21, 2002; and 31,880 shares that Mr. Coombs further
          acquired on February 25, 2002.  All tolled, Mr. Coombs purchased a
          total of 133,288 shares during February 2002, shares that, because
          of Mr. Coombs's director and officer status, are deemed "control"
          shares under Rule 144 of the General Rules and Regulations of the
          Commission.  Mr. Coombs manually filed a Form 4 with the Commission
          updating and reporting the foregoing increases in his holdings.

    (7)   Mr. John Michael Coombs is the Company's legal counsel.  He is not
          and never has served as an officer or director of the Company.  Mr.
          J.M. Coombs is also the son of director and officer, Jack Coombs.
                                36
<PAGE>
    (8)   This figure includes 99,166 "restricted" shares that, on January 2,
          1996, over 6 years ago, Mr. J.M. Coombs acquired from his father,
          Jack Coombs, an officer and director of the Company, shares that
          continue to bear a "restrictive" legend.  This figure further
          includes an additional 75,000 "restricted" and investment shares
          that Mr. J.M. Coombs acquired from the Company on February 13, 2002
          for services rendered pursuant to the written consent of the
          directors signed on January 15, 2002, a copy of which is attached
          hereto as Ex. 99.  Mr. J.M. Coombs did not file, and does not intend
          to file, a Form 3 initiating himself as a "reporting person" for the
          simple reason that he does not own or control 10% or more of the
          Company's issued and outstanding shares.

    (9)   During the fiscal year, Mr. Ernest Muth also served as an officer
          and director of the Company.  On December 20, 2001, Mr. Muth
          resigned as an officer and director of the Company and divested
          himself of all but approximately 100,000 shares of his direct and
          indirect holdings, thereby bringing his holdings below the 5% mark.
          These facts were disclosed in a Current Report on Form 8-K filed by
          the Company with the Commission on December 28, 2001.  See Item 13
          of Part III below.  The divestiture was further disclosed in a Form
          4 filed manually by Mr. Muth soon thereafter.  Since that date, Mr.
          Muth has not been a reporting person.

     The Company does not believe that any of its officers or directors come
within the definition of a "promoter" as defined in Rule 405 of the General
Rules and Regulations of the Commission, 17 CFR Section 230.405.

     The Company denies that any person other than those persons identified
above "controls", or has the power to "control," the Company as contemplated
in the "control person" provisions of both state and federal securities laws
and as the word "control" is further defined in Rule 405.

ITEM 12.   CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

     Certain of the officers and directors of the Company are engaged in other
businesses, either individually or through business entities in which they may
have an interest, hold an office or serve on the boards of directors.  The
directors and officers of the Company also have other business interests to
which they devote a major or significant portion of their time.  Certain
conflicts of interest, therefore, may arise between the Company and its
directors and officers.  Company management believes, however, that these
conflicts can be resolved through the exercise by these individuals of
reasonable judgment consistent with their respective fiduciary duties to the
Company.  The officers and directors of the Company intend to resolve such
conflicts in the best interests of the Company.  Moreover, the officers and
directors will devote their time to the affairs of the Company as they deem
necessary.

     The Company has not been a party to any transaction, or proposed
transaction, in which any director, executive officer, or principal
shareholder had or will have a direct or indirect material interest, where:
(1) the amount involved in the transaction or series of similar transactions
exceeds $60,000; or (2) the person's interest arises solely from the ownership
of the Company's securities, and the person receives no extra or special
benefit not shared equally (pro rata) by all holders of the same class of
securities.

     The Board of Directors of the Company has not adopted or approved any
policy regarding future transactions with related third parties.
                     37
<PAGE>
ITEM 13.  EXHIBITS AND REPORTS ON FORM 8-K.

     Prior to year-end, on or about December 20, 2001, a former officer and
director resigned from the Board and thereupon divested himself of
approximately 166,000 shares that he had owned or controlled.  This left this
particular individual as a direct or indirect owner or holder of less than 5%
of the Company's issued and outstanding shares.  See Form 8-K filed by the
Company on or about December 28, 2001; see also subheading above titled
"RECENT CHANGES IN OWNERSHIP" under Item 1 of Part I above, "Description of
Business."  This individual also timely filed a Form 4 with the Commission
reporting the fact that he was no longer a 5% or greater shareholder of the
Company.

     The following Exhibits are filed as a part of this Annual Report on Form
10- KSB.

Exhibit
Number           Description*

10       2002 Stock Option/Stock Issuance Plan

19       February 1, 2002, Letter to Shareholders announcing effective date
         of Form 10-SB registration statement and further announcing
         eligibility and obtaining of trading symbol on the OTC Bulletin
         Board

99       January 15, 2002, Written Consent of Directors for fiscal year
         ended December 31, 2001


    * Summaries of all exhibits contained within this Annual Report are
    modified in their entirety by reference to the foregoing Exhibits.
                                38
<PAGE>
                                   SIGNATURES

     In accordance with the provisions of the Securities and Exchange Act
of 1934 and the rules and regulations promulgated thereunder, Tintic Gold
Mining Company has duly caused this Annual Report on Form 10-KSB to be signed
on its behalf by the undersigned, thereunto duly authorized.

                                  TINTIC GOLD MINING COMPANY, Issuer


                             /s/ George Christopulos

                                  ---------------------------------
                                  By:     George Christopulos
                                  Its:    President and Chairman of the Board
                                  Dated:  March 26, 2002
                                39
<PAGE>