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f210 GRANDE <br />SILV£fZ, INC. <br />May 21, 2015 <br />ANNUAL EXPLORATION & RECLAIMATION REPORT <br />June 2, 2014 — June 2, 2015 <br />Prospect NOI No.: <br />Prospect Site Name: <br />Operator/Prospector <br />EXPLORATION <br />P-2012-008 <br />North Amethyst West <br />Randy McClure <br />Rio Grande Silver, Inc. <br />625 USFS Road 504.1A <br />P.O. Box 610 <br />Creede, Colorado 81130 <br />Tel. (719) 658-1080 <br />No exploration work was conducted on the North Amethyst West Project NOI between June 2, <br />2014 and June 2, 2015. <br />Please see the attached Figures. <br />• Figure 1 - North Amethyst West, P-2010-007 Location Map. <br />• Figure 2 - Drill Pad Location Map. <br />• Figure 3 - Completed Drill Holes Map <br />RECLAMATION <br />Between June 2, 2014 and June 2, 2015, no reclamation work was completed on the North <br />Amethyst West NOI. <br />625 USFS Road 504.1 A P.O. Box 610 Creede, CO 81130 <br />719-658-1080 Fax 719-658-1082 <br />