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pop R— ■fZIO <br />SIL <br />May 23, 2014 <br />Colorado Department of Natural Resources <br />Division of Reclamation, Mining, and Safety <br />Attention: Minerals Program <br />1313 Sherman Street, Suite 215 <br />Denver, Colorado 80203 -2273 <br />RE: NOI P- 2010 -014, Bulldog Project <br />Annual Exploration and Reclamation <br />To Whom it May Concern, <br />iRANDIE <br />ER, INC. <br />; Payment of Annual Fee <br />Enclosed is a summary of exploration and recl mation activities and associated maps, the annual <br />report form, and payment of annual fee for NOI #P- 2010 -014, Bulldog Project. <br />Rio Grande Silver drilled one core hole on pre iously constructed pad BD7 in June 2013. We <br />have no plans to perform exploration under this permit in 2014, but would like to leave this NOI <br />open for future exploration in 2015 -2016. <br />Please call me at 719 - 658 -1080 ext. 2701 if <br />Best Regards, <br />Randy McClure <br />General Manager <br />Rio Grande Silver, Inc. <br />625 USFS Road 504.1A <br />Creede, CO 81130 <br />(719) 658 -1080 ext. 2701 <br />rmcclure(a,hecla- mining com <br />have questions or comments. <br />625 USFS Road 504.1A P�O. Box 610 Creede, CO 81130 <br />719 - 658 -1080 Fax 719 - 658 -1082 <br />