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Meriwether Buys Floresta Ranch

SEATTLE, July 31, 2006 –Meriwether Partners LLC SEATTLE, July 31, 2006 – Meriwether Partners LLC has acquired Floresta Ranch, a 1,650-acre ranch with 47, 35-acre parcels located outside Crested Butte, Colorado. The ranch was acquired for $8.44 million (~$180,000 per parcel or ~$5,100 per acre). Floresta Ranch is pristine high-country, located seven miles west of the historic town of Crested Butte and virtually surrounded by tens of thousands of acres of publicly owned land (the West Elk Wilderness area, the Raggeds Wilderness area, and the Gunnison National Forest).

The Property is set against the magnificent Anthracite Range and offers a 360-degree view of mountain peaks. The privacy, unmatched beauty and wildlife make this property very serene. Property attributes include: miles of existing roads; plentiful water from Lily Lake, Floresta Reservoir and high mountain springs; meadows; miles of elk and deer trails; and heavily treed hillsides that provide tremendous a wildlife habitat. The area is a true paradise for outdoor recreation in both summer and winter. Summer pursuits include hiking, biking, fly-fishing, camping, hunting, golfing and horseback riding. Winter activities include: cross-country skiing, snowmobiling, and downhill skiing at the Crested Butte Mountain Resort (2.5 miles north of the town of Crested Butte).

“We are excited about the acquisition of this beautiful piece of property and the future prospects of Crested Butte, which is in the midst of tremendous economic growth,” said Robert Briscoe, principal of Meriwether Partners. “Floresta Ranch is a very special place and we have a strong commitment to being good stewards of the land and environment.”