---

UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington D.C.
20549

FORM 10-QSB

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

For the quarterly period ended September 30,
2005

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

For the transition period from ______to ______

Commission file number: 000-28837

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

|Idaho                        | 82-0490295                       
|---------------------------- | ---------------------------------
|(State or other jurisdiction | (IRS employer identification no.)
|of incorporation)            |                                  

89 Appleberg Road, Kellogg, Idaho
83837(Address of principal executive offices)

Registrants telephone number, including area code: (208)
783-3331

|Common Stock        | The OTC-Bulletin Board               
|------------------- | -------------------------------------
|Title of each class | Name and exchange on which registered

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

Indicate by check mark whether the registrant is a shell company
  (as defined in Rule 12b-2 of the E
  xchange Act) Yes  ̈ No x

On October 22, 2005, 22,434,195 shares of the registrants
common stock were outstanding.

Transitional Small Business Disclosure Format (Check one): Yes
   ̈ No x

---

NEW JERSEY MINING COMPANY QUARTERLY REPORT ON FORM
10-QSBFOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2005

TABLE OF CONTENTS

|                               |                                                                                             | Page
|------------------------------ | ------------------------------------------------------------------------------------------- | ----
|                               |                                                                                             |     
|PART I  FINANCIAL INFORMATION |                                                                                            
|                               |                                                                                             |     
|Item 1:                        | Financial Statements                                                                        | 3   
|                               |                                                                                             |     
|Item 2:                        | Managements Discussion
      and Analysis of Financial Condition and Results of Operations | 7   
|                               |                                                                                             |     
|Item 3:                        | Controls and Procedures                                                                     | 9   
|                               |                                                                                             |     
|PART II  OTHER INFORMATION    |                                                                                            
|                               |                                                                                             |     
|Item 1:                        | Legal Proceedings                                                                           | 10  
|                               |                                                                                             |     
|Item 2:                        | Unregistered Sales of Equity
      Securities and Use of Proceeds                           | 10  
|                               |                                                                                             |     
|Item 3:                        | Defaults Upon Senior Securities                                                             | 10  
|                               |                                                                                             |     
|Item 4:                        | Submission of Matters to a Vote
      of Security Holders                                   | 10  
|                               |                                                                                             |     
|Item 5:                        | Other Information                                                                           | 10  
|                               |                                                                                             |     
|Item 6:                        | Exhibits and Reports on Form
      8-K                                                      | 11  
|                               |                                                                                             |     
|SIGNATURES                     | 12                                                                                         

[The balance of this page has been intentionally left blank.]

2

---

PART I-FINANCIAL INFORMATION

Item
1.           Financial
Statements

NEW JERSEY MINING COMPANY(An
Exploration Stage Company)BALANCE SHEET September 30,
2005(Unaudited)

|ASSETS                                                 |   |            |  
|------------------------------------------------------ | - | ---------- | -
|Current assets:                                        |   |            |  
|Cash and
      cash equivalents                        | $ | 78,128     |  
|Concentrate Inventory                                  |   | 40,000     |  
|Total current assets                                   |   | 118,128    |  
|                                                       |   |            |  
|Building and equipment, net of depreciation            |   | 660,069    |  
|Mineral properties                                     |   | 852,274    |  
|                                                       |   |            |  
|Total assets                                           | $ | 1,630,471  |  
|                                                       |   |            |  
|LIABILITIES AND STOCKHOLDERS EQUITY                   |   |            |  
|                                                       |   |            |  
|Current liabilities:                                   |   |            |  
|Accounts
      payable                                 | $ | 23,849     |  
|Accrued payroll related
      expenses                 |   | 8,566      |  
|Obligation under capital lease  current portion       |   | 18,881     |  
|Total current liabilities                              |   | 51,296     |  
|                                                       |   |            |  
|Accrued reclamation costs                              |   | 12,500     |  
|Obligation under capital lease, noncurrent             |   | 58,477     |  
|                                                       |   |            |  
|Total
      liabilities                                |   | 122,273    |  
|                                                       |   |            |  
|Stockholders equity:                                  |   |            |  
|Preferred stock, no par
      value; 1,000,000         |   |            |  
|shares authorized; no shares issued or outstanding     |   |            |  
|Common stock, no par
      value; 50,000,000 shares    |   |            |  
|authorized; 22,409,195 shares issued and outstanding   |   | 3,370,946  |  
|Deficit accumulated
      during the development stage |   | (1,862,748 | )
|Total stockholders equity                             |   | 1,508,198  |  
|                                                       |   |            |  
|Total liabilities and stockholders equity             | $ | 1,630,471  |  

3The accompanying notes are an integral part of the
financial statements.

---

NEW JERSEY MINING COMPANY(An
Exploration Stage Company)STATEMENTS OF OPERATIONSFor the
Three and Nine-Month Periods ended September 30, 2005 and 2004 and for the
period from inception (July 18, 1996) through September 30,
2005(Unaudited)

|                                          |   |                    |   |   |                    |   |   |                |   |   |                   |   |   | From
      Inception |  
|----------------------------------------- | - | ------------------ | - | - | ------------------ | - | - | -------------- | - | - | ----------------- | - | - | -------------------- | -
|                                          |   |                    |   |   |                    |   |   |                |   |   |                   |   |   | (July 18,
1996)      |  
|                                          |   |                    |   |   |                    |   |   |                |   |   |                   |   |   | Through              |  
|                                          |   | September 30, 2005 |   |   | September 30, 2004 |   |   | Sept. 30, 2005 |  
|                                          |   | Three Months       |   |   | Nine
      Months  |   |   | Three Months   |   |   | Nine
      Months |   |   |                      |  
|Sales:                                    |   |                    |   |   |                    |   |   |                |   |   |                   |   |   |                      |  
|Gold                                      | $ | 130                |   | $ | 9,280              |   |   |                |   |   |                   |   | $ | 9,280                |  
|Concentrate                               |   | 97,931             |   |   | 144,028            |   |   |                |   |   |                   |   |   | 144,028              |  
|Total sales                               |   | 98,061             |   |   | 153,308            |   |   |                |   |   |                   |   |   | 153,308              |  
|Cost of sales                             |   | 99,318             |   |   | 217,815            |   |   |                |   |   |                   |   |   | 217,815              |  
|Gross profit (loss)                       |   | (1,257             | ) |   | (64,507            | ) |   |                |   |   |                   |   |   | (64,507              | )
|                                          |   |                    |   |   |                    |   |   |                |   |   |                   |   |   |                      |  
|Operating expenses:                       |   |                    |   |   |                    |   |   |                |   |   |                   |   |   |                      |  
|Management fees                           |   | 48,937             |   |   | 172,262            |   | $ | 20,499         |   | $ | 106,058           |   |   | 308,730              |  
|Exploration expense                       |   | 6,796              |   |   | 42,788             |   |   | 129,549        |   |   | 494,503           |   |   | 681,178              |  
|General
      and administrative expenses |   | 56,926             |   |   | 172,711            |   |   | 75,444         |   |   | 117,431           |   |   | 801,796              |  
|                                          |   |                    |   |   |                    |   |   |                |   |   |                   |   |   |                      |  
|Total operating expenses                  |   | 112,659            |   |   | 387,761            |   |   | 225,492        |   |   | 717,992           |   |   | 1,791,704            |  
|                                          |   |                    |   |   |                    |   |   |                |   |   |                   |   |   |                      |  
|                                          |   |                    |   |   |                    |   |   |                |   |   |                   |   |   |                      |  
|Other (income) expense:                   |   |                    |   |   |                    |   |   |                |   |   |                   |   |   |                      |  
|Royalty
      and other income            |   | (40,393            | ) |   | (52,595            | ) |   | (474           | ) |   | (2,317            | ) |   | (114,413             | )
|Write-off of goodwill                     |   |                    |   |   |                    |   |   |                |   |   |                   |   |   | 30,950               |  
|Write-off
      of investment             |   |                    |   |   |                    |   |   |                |   |   |                   |   |   | 90,000               |  
|Total other (income) expense              |   | (40,393            | ) |   | (52,595            | ) |   | (474           | ) |   | (2,317            | ) |   | 6,537                |  
|                                          |   |                    |   |   |                    |   |   |                |   |   |                   |   |   |                      |  
|Net loss                                  | $ | 73,523             |   | $ | 399,673            |   | $ | 225,018        |   | $ | 715,675           |   | $ | 1,862,748            |  
|                                          |   |                    |   |   |                    |   |   |                |   |   |                   |   |   |                      |  
|                                          |   |                    |   |   |                    |   |   |                |   |   |                   |   |   |                      |  
|                                          |   |                    |   |   |                    |   |   |                |   |   |                   |   |   |                      |  
|Net loss per common share-basic           | $ | nil                |   | $ | 0.018              |   | $ | 0.011          |   | $ | 0.035             |   | $ | 0.13                 |  
|                                          |   |                    |   |   |                    |   |   |                |   |   |                   |   |   |                      |  
|Weighted average common shares            |   |                    |   |   |                    |   |   |                |   |   |                   |   |   |                      |  
|outstanding-basic                         |   | 22,269,926         |   |   | 21,985,539         |   |   | 20,871,409     |   |   | 20,216,185        |   |   | 14,610,161           |  

4The accompanying notes are an integral part of these
financial statements.

---

NEW JERSEY MINING COMPANY(An
Exploration Stage Company)STATEMENTS OF CASH FLOWSFor the
Nine-Month Periods ended September 30, 2005 and 2004 and for the period
frominception (July 18, 1996) through September 30,
2005(Unaudited)

|                                                      |   |               |   |   |               |   |   | From Inception  |  
|----------------------------------------------------- | - | ------------- | - | - | ------------- | - | - | --------------- | -
|                                                      |   |               |   |   |               |   |   | (July 18, 1996) |  
|                                                      |   | September 30, |   |   | September 30, |   |   | Through         |  
|                                                      |   | 2005          |   |   | 2004          |   |   | Sept. 30, 2005  |  
|                                                      |   |               |   |   |               |   |   |                 |  
|Cash flows from operating activities:                 |   |               |   |   |               |   |   |                 |  
|Net loss                                              | $ | (399,673      | ) | $ | (715,675      | ) | $ | (1,862,748      | )
|Adjustments to
      reconcile net loss to net cash   |   |               |   |   |               |   |   |                 |  
|used
      by operating activities:                   |   |               |   |   |               |   |   |                 |  
|Depreciation and amortization                         |   | 37,164        |   |   |               |   |   | 37,164          |  
|Write-off of equipment                                |   | 11,272        |   |   |               |   |   | 11,272          |  
|Write-off of goodwill and
      investment            |   |               |   |   |               |   |   | 120,950         |  
|Stock
      issued for:                               |   |               |   |   |               |   |   |                 |  
|Management fees                                       |   | 94,113        |   |   | 20,499        |   |   | 284,512         |  
|Directors fees                                        |   | 3,600         |   |   |               |   |   | 62,050          |  
|Services and other                                    |   | 30,838        |   |   | 2,500         |   |   | 65,278          |  
|Exploration                                           |   | 12,500        |   |   | 6,600         |   |   | 32,500          |  
|Change in:                                            |   |               |   |   |               |   |   |                 |  
|Inventory                                             |   | (40,000       | ) |   |               |   |   | (40,000         | )
|Other assets                                          |   | 2,346         |   |   | (15,181       | ) |   | 1,722           |  
|Accounts payable and accrued payroll expenses         |   | 18,589        |   |   | (3,527        | ) |   | 29,445          |  
|Accounts payable to related party                     |   |               |   |   | (2,000        | ) |   |                 |  
|Accrued reclamation costs                             |   |               |   |   |               |   |   | 12,500          |  
|Net
      cash used by operating activities           |   | (229,251      | ) |   | (706,784      | ) |   | (1,245,355      | )
|                                                      |   |               |   |   |               |   |   |                 |  
|Cash flows from investing activities:                 |   |               |   |   |               |   |   |                 |  
|Purchases of building and equipment                   |   | (27,283       | ) |   | (234,412      | ) |   | (396,151        | )
|Purchases of mineral
      property                   |   |               |   |   | (1,232        | ) |   | (5,904          | )
|Cash of acquired companies                            |   |               |   |   |               |   |   | 38,269          |  
|Deferral of development
      costs                   |   |               |   |   |               |   |   | (225,535        | )
|Net cash used by investing
      activities           |   | (27,283       | ) |   | (235,644      | ) |   | (589,321        | )
|                                                      |   |               |   |   |               |   |   |                 |  
|Cash flows from financing activities:                 |   |               |   |   |               |   |   |                 |  
|Exercise of stock
      purchase warrants             |   | 108,100       |   |   | 377,750       |   |   | 707,600         |  
|Sales of common stock, net of issuance
      costs    |   | 85,000        |   |   | 373,500       |   |   | 1,283,807       |  
|Principal payments on
      capital lease             |   | (10,202       | ) |   | (1,945        | ) |   | (58,603         | )
|Payments on note payable to bank                      |   |               |   |   |               |   |   | (20,000         | )
|Net cash
      provided by financing activities       |   | 182,898       |   |   | 749,305       |   |   | 1,912,804       |  
|                                                      |   |               |   |   |               |   |   |                 |  
|Net change in cash                                    |   | (73,636       | ) |   | (193,123      | ) |   | 78,128          |  
|Cash, beginning of period                             |   | 151,764       |   |   | 346,268       |   |   | 0               |  
|Cash, end of period                                   | $ | 78,128        |   | $ | 153,145       |   | $ | 78,128          |  
|                                                      |   |               |   |   |               |   |   |                 |  
|Non-cash investing and financing
      activities:    |   |               |   |   |               |   |   |                 |  
|Common stock issued for:                              |   |               |   |   |               |   |   |                 |  
|Buildings and equipment                               | $ | 5,850         |   | $ | 7,320         |   | $ | 16,170          |  
|Mineral
      properties and development costs        | $ | 65,000        |   |   |               |   | $ | 264,300         |  
|Acquisitions of companies, excluding cash             |   |               |   |   |               |   | $ | 743,653         |  
|Payable to
      officers                             |   |               |   | $ | 11,519        |   | $ | 11,519          |  
|Capital lease
      obligation for equipment acquired | $ | 17,485        |   | $ | 75,000        |   | $ | 91,679          |  

5The accompanying notes are an integral part of these
financial statements.

---

NEW JERSEY MINING COMPANY NOTES TO
FINANCIAL STATEMENTS(Unaudited)

1.          
Basis of Presentation:

The unaudited financial statements have been prepared by the
Company in accordance with accounting principles generally accepted in the
United States of America for interim financial information, as well as the
instructions to Form 10-QSB. Accordingly, they do not include all of the
information and footnotes required by generally accepted accounting principles
for complete financial statements. In the opinion of the Companys management,
all adjustments (consisting of only normal recurring accruals) considered
necessary for a fair presentation of the interim financial statements have been
included. Operating results for the nine month period ended September 30, 2005,
are not necessarily indicative of the results that may be expected for the full
year ending December 31, 2005.

For further information refer to the financial statements and
footnotes thereto in the Companys Annual Report on Form 10-KSB/A for the year
ended December 31, 2004.

The Company presents its financial statements in accordance
with SFAS No. 7, Accounting for Development Stage Entities, as Management
believes that while the Companys planned principal operations have commenced,
the revenue generated from them is not sufficient to cover all corporate costs.
Additional exploration and development of the Companys properties is required
to report as an entity not in the development stage.

2.          
Description of Business

New Jersey Mining Company (the Company) was incorporated as
an Idaho corporation on July 18, 1996. The Company's primary business is
exploring for and developing gold, silver and base metal mining resources in
Idaho.

3.          
Net Loss Per Share

Statement of Financial Accounting Standards No. 128, Earnings
per Share, requires dual presentation of basic earnings per share (EPS) and
diluted EPS on the face of income statements for all entities with complex
capital structures. Basic EPS is computed as net income divided by the weighted
average number of common shares outstanding for the period. Diluted EPS reflects
the potential dilution that could occur from common shares issuable through
stock options, warrants, and other convertible securities. For the three and
nine month periods ended September 30, 2005 and 2004, the effect of the
Companys outstanding options and common stock equivalents would have been
anti-dilutive. Accordingly, only basic EPS is presented.

4. **Revenue Recognition**

Revenue is recognized when title and risk of ownership of
metals or metal bearing concentrate have passed and collection is reasonably
assured. Revenue from the sale of metals may be subject to adjustment upon final
settlement of estimated metal prices, weights and assays, and are recorded as
adjustments to revenue in the period of final settlement of prices, weights and
assays; such adjustments are typically not material in relation to the initial
invoice amounts.

6

---

5.          
Inventory

Dore' and concentrate inventories are stated at the lower of
cost or net realizable value determined by using a weighted average method.

6.          
Reclassifications

Certain prior period amounts have been reclassified to conform
to the 2005 statement of operations presentation. These reclassifications have
no effect on net loss as previously reported.

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

General

This report contains both historical and prospective statements
concerning the Company and its operations. Prospective statements (known as
"forward-looking statements") may or may not prove true with the passage of time
because of future risks and uncertainties. The Company cannot predict what
factors might cause actual results to differ materially from those indicated by
prospective statements.

The Company is executing its strategy to conduct small-scale
mining and mineral processing operations on higher grade ore reserves it has
located on its exploration properties while it is in the exploration stage. The
financial strategy is to generate cash from these operations to pay for
corporate expenses and to provide additional funds for exploration, thus
reducing the need to raise funds through financing activities including sale of
common stock. The Company plans to continue exploration for gold, silver and
base metal deposits in the greater Coeur dAlene Mining District of northern
Idaho. The Company has three mines at which most exploration is being conducted;
the Golden Chest, the New Jersey, and the Silver Strand. Production of gold ore
is in progress at the Golden Chest mine. Permitting has been completed and
production of silver-gold ore may occur at the Silver Strand mine in 2006.
Production from lower grade reserves at the New Jersey mine is being deferred
until more exploration has been completed.

Financial Condition

The Company maintains a minimal cash balance by increasing or
decreasing its exploration expenditures as limited by availability of cash from
operations or from financing activities. The cash balance at the end of the
present quarter is $78,128, and Figure 1 shows the corresponding balances for
previous accounting periods.

[The balance of this page has been intentionally left
blank.]

7

---



Based on the current cash balance and assuming operations at
the Golden Chest continue, Management expects to have the financial resources to
stay in business for at least 18 months.

Results of Operations

Operations at the Golden Chest, an exploration property, only
commenced in the second quarter of 2005 so comparisons to previous periods are
not relevant. The gross profit (loss) from operations in the present quarter was
$(1,257) and it was $(64,507) year to date. There was significant other income
of $40,393 in the present quarter, largely from the sale of logs from Company
property, which may not recur again for several years. Figure 2 shows the net
loss for the present quarter of $73,523 and the net losses in previous
accounting periods.

8

---

Gold production in pyrite concentrates and bullion was 348
ounces in the third quarter and 495 ounces year to date. Gold production is
expected to range from 300 to 400 ounces per quarter during the next four
quarters. Revenues were $98,061 in the third quarter and $153,308 year to date.
There are no comparisons to production for the prior year since operations
commenced in 2005.

Mining operations at the Golden Chest mine are projected to
continue for approximately 18 months based on existing ore reserves. Efforts are
being made to expand the amount of ore reserves in parallel veins and separate
ore shoots, but no assurance can be made at this time whether additional
reserves will be found.

Mining and mineral processing operations have not been done yet
through the coldest winter months from mid-December to mid-February. Operating
difficulties could arise during this period which would have an adverse effect
on results of operations. To help mitigate effects of winter, efforts have been
made to winterize operations. Mineral processing equipment would be cleaned
during such a period of weather, and historically, significant amounts of gold
have been recovered during such cleanouts.

Mining operations could start at the Silver Strand mine in
2006, however a capital expenditure of approximately $250,000 will be required
to bring the mine into production. No additional capital expenditures are
expected for the mineral processing plant. The source of this additional capital
has not yet been determined. Operating results at the Silver Strand mine will
depend upon the price of silver as well as gold. Present silver and gold prices
are sufficient in managements estimation to generate a gross profit at the
Silver Strand mine based on the operating plan which was part of the permitting
process.

The amount of money to be spent on exploration at the Companys
mines and prospects will depend upon the amount of gross profit generated by
operations and the amount of money raised by financing activities. Basically,
management expects to be able to continue the present operating scenario at the
Golden Chest mine and mineral processing plant for 18 months, but expanded
exploration activities will depend upon the results of financing activities.

Item
3.           Controls and
Procedures

An evaluation was performed by the Companys president and
principal financial officer of the effectiveness of the design and operation of
our disclosure controls and procedures. And on that evaluation, the Companys
president and principal financial officer concluded that disclosure controls and
procedures were effective as of September 30, 2005, in ensuring that all
material information required to be filed in this quarterly report has been made
known to them in a timely fashion.

There has been no change in our internal controls over
financial reporting during the quarter ended September 30, 2005 that has
materially affected, or is reasonable likely to materially affect, the Companys
internal controls over financial reporting.

[The balance of this page has been intentionally left
blank.]

9

---

PART II - OTHER INFORMATION

Item
1.           LEGAL
PROCEEDINGS

None

Item
2.           Unregistered
Sales of Equity Securities and Use of Proceeds.

Neither the constituent instruments defining the rights of the
registrants securities filers nor the rights evidenced by the registrants
outstanding common stock have been modified, limited or qualified.

During the third quarter of 2005, the Company made an offer to
certain accredited and sophisticated investors. No underwriter or brokers were
involved in the sale and, therefore, no commissions were paid. Units were sold
for $0.40 and each unit consisted of one share of common stock plus one warrant
exercisable to purchase one common share for $0.60 per share until June 1, 2010.
A total of 270,250 units were sold in the period ending September 30, 2005 for
$108,100. Both the common stock and the common stock underlying the warrant are
restricted as defined under Rule 144. In Managements opinion, the offer and
sale of the securities were made in reliance on exemptions from registration
provided by Section 4(2) and Rule 506 of Regulation D of the Securities Act of
1933, as amended and other applicable Federal and state securities laws.

The Company issued 80,000 shares of restricted common stock to
President Fred W. Brackebusch for management services rendered in the third
quarter of 2005. The shares were valued at a price of $0.40 per share. In
Managements opinion, the securities were issued pursuant to exemption from
registration under Section 4(2) of the Securities Act of 1933, as amended.

The Company issued 3,750 shares of restricted common stock to
Mine Systems Design, Inc., a company controlled by our President, Fred W.
Brackebusch, for office rent in the third quarter of 2005. The shares issued
were valued at a price of $0.40 per share. In Managements opinion, the
securities were issued pursuant to exemptions from registration under Section
4(2) of the Securities Act of 1933, as amended.

During the third quarter of 2005, the Company issued 18,965
sharers at an average price of $0.48 to various accredited and sophisticated
individuals for goods and services. In Managements opinion, the securities were
issued pursuant to exemptions from registration under Section 4(2) of the
Securities Act of 1933, as amended.

Item
3.           DEFAULTS UPON
SENIOR SECURITIES

The registrant has no outstanding senior securities.

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

None

Item
5.           OTHER
INFORMATION

None

10

---

Item
6.           EXHIBITS AND
REPORTS ON FORM 8-K

|Exhibit |                                                                                                                                    
|------- | -----------------------------------------------------------------------------------------------------------------------------------
|Number  | Description                                                                                                                        
|        |                                                                                                                                    
|31.1    | Certification pursuant
      to Section 906 of the Sarbanes-Oxley act of 2002.                                                     
|        |                                                                                                                                    
|32.1    | Certification
      pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of
      the Sarbanes-Oxley Act of 2002.
|

Reports on Form 8-K.

None.





[The balance of this page has been intentionally left
blank.]

11

---

SIGNATURES

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

| | **NEW JERSEY MINING
      COMPANY**
| | -----------------------------------
| |                                    
| | By:                                
| |                                    
| |                                    
| |                                    
| |                                    
| |                                    
| |                                    
| | By:                                
| |                                    
| |                                    
| |                                    
| |                                    

12

---