BRYNN GREY HAS AN OPTION TO PURCHASE FROM B&B MINES 85 ACRES OF LAND WITHIN AND ADJACENT TO THE FRENCH GULCH/WELLINGTON ORO SITE. THE SITE CONSISTS OF SEVERAL HISTORIC MINES LOCATED APPROXIMATELY ONE TO TWO MILES EAST OF THE TOWN OF BRECKENRIDGE. BRYNN GREY INTENDS TO TRANSFER A PORTION OF THE PROPERTY TO WELLINGTON. WELLINGTON, IN TURN, WILL DEVELOP THE WELLINGTON NEIGHBORHOOD TO PROVIDE LOCAL RESIDENTS WITH PERMANENTLY AFFORDABLE HOME OWNERSHIP OPPORTUNITIES.