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Cripple Creek & Victor Gold Mining Company <br />A Joint Venture ANGLOGOLD ASHANTI (COLORADO) CORP., Manager u% <br />Operations Office <br />P.O. Box 191 100 North 3rtl Street — F <br />Victor, Colorado 80860 <br />(719) 689 -2977 — Fax (7191 689 -3254 o <br />r <br />i��or� l narlet5��� <br />SENT CERTIFIED — RETURN RECEIPT REQUESTED <br />7014- 0150- 0000 - 6082 -6752 <br />April 9, 2015 <br />Mr. Tim Cazier, P.E. <br />Colorado Department of Natural Resources <br />Office of Mined Land Reclamation <br />Division of Reclamation, Mining and Safety <br />1313 Sherman Street, Room 215 <br />Denver, Colorado 80203 <br />RE: Cresson Proiect, Permit M- 1980 -244 Annual Report and Fee <br />Dear Mr. Cazier: <br />Enclosed please find the annual report form and annual mineral fee of $1,150.00 for <br />Cripple Creek & Victor Gold Mining Company's ( "CC &V ") Cresson Project, Permit M- <br />1980 -244. This report covers the 2014 reporting period. <br />Reportable Conditions: <br />On September 12, 2012, the Division of Reclamation, Mining, and Safety ( "DRMS ") <br />approved the Amendment No. 10 application to Office of Mined Land Reclamation <br />Board Permit M- 1908 -244 for Mine Life Extension 2 ( "MLE2 ") to the Cresson Project. <br />MLE2 involves additional mining of ore and overburden that, based on current <br />production rates and other factors, is anticipated to continue until approximately 2025; <br />additional backfilling and overburden placement; addition of a second Valley Leach <br />Facility ( "VLF ") (referred to as the "Squaw Gulch VLF" or "SGVLF "); addition of a <br />second Adsorption, Desorption and Recovery Plant ( "ADR ") (referred to as the "Squaw <br />Gulch ADR" or "SGADR "); addition of a High Grade Mill for processing higher grade ore; <br />accompanying changes to mine areas and overburden storage areas; and subsequent <br />reclamation of the MLE2 disturbance areas. <br />Amendment No. 10 site preparation, development, and backfilling activities continued in <br />portions of the Main Cresson and East Cresson—Wild horse and WHEX —Mine Areas. <br />