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DIVISION OF RECLAMATION, MINING AND SAFETY <br />Department of Natural Resources <br />1313 Sherman St., Room 215 <br />Denver, Colorado 80203 <br />Phone: (303) 866 -3567 <br />FAX: (303) 832 -8106 <br />May 1, 2014 <br />Randy McClure <br />Rio Grande Silver, Inc. <br />P0 Box 610 <br />Creede, CO 81130 <br />Equity Exploration Project, Permit P -201I- <br />PLEASE READ <br />STATE OF COLORADO <br />Annual Fee Invoice and Report Request <br />Y —ACTION REQUIRED <br />COLORADO <br />D I V IS 10 N OF <br />RECLAMATION <br />MINING <br />SAFETY <br />John W. Hickenlooper <br />Governor <br />Mike King <br />Executive Director <br />Loretta E. Pineda <br />Director <br />Under the terms of your NOI and Colorado Statutes, you In ust submit Annual Fees and Annual Reports (including a map). You must <br />pay the Annual Fee and submit an Annual Report each yea until reclamation responsibility release is granted. The Annual Fee is not <br />a renewal fee. The Fee and Report are for LAST YEAR'S exploration and reclamation season, and MUST be paid even if your <br />operation was inactive. <br />The Annual Report and Fee requirement will be consid <br />1. ANNUAL FEE ($86) <br />2. COMPLETED ANNUAL REPORT <br />3. ASSOCIATED MAP as required by rule <br />submitted when we have received the following components: <br />If you have requested reclamation responsibility release fir m the Division of Reclamation, Mining and Safety ( "Division ") but your <br />permit is not released by the anniversary date listed below, the Annual Fee MUST be paid. If the permit is released before the <br />anniversary date, then by Statute, it is not necessary to pay an Annual Fee or submit an Annual Report for that year. Division records <br />indicate the $0.00 fee is due for the following NOI(s) on ot before the Anniversary Date: <br />Permit: P- 2011 -010 <br />Operation Name: Equity Exploration Project <br />Anniversary Date: June 10, 2014 <br />Return the enclosed Annual Report FORM, a MAP, and a CHECK or MONEY ORDER made payable to: Division of Reclamation, <br />Mining and Safety, 1313 Sherman St., Room 215, Denver, CO 80203. If your records indicate these documents and fees have already <br />been submitted, please notify the Division. <br />If you have additional comments and/or information that s ould be provided to the Division, please attach it to this form along with <br />your written report and map. Annual Report instructions ate enclosed. If you have any questions, please feel free to contact Jim <br />Dupler (303) 866 -3567 x8119 or Christine Brookshire (303) 66 -3567 x8132. Thank you for your cooperation in this matter. <br />IF THE COMPLETE ANNUAL FEE SUBMITTALS A <br />NOT RECEIVED ON OR BEFORE YOUR ANNIVERSARY DATE, <br />THE ENFORCEMENT PROCESS WILL AUTOMATICALLY <br />BE INIATIED. ENFORCEMENT ACTIONS WILL RESULT IN <br />CIVIL PENALTIES AND POSSIBLE REVOCATION O <br />YOUR PERMIT. PER RULE 5.6(2) FAILURE TO SUBMIT AN <br />ANNUAL REPORT FOR TWO CONSECUTIVE YEARS <br />SHALL CONTITUTE EVIDENCE OF ABANDONMENT OF <br />PROSPECTING. <br />Office of <br />Mined Land Reclamation <br />Denver Grand Junction • Durango <br />Office of <br />Active and Inactive Mines <br />