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ACZ Laboratories, Inc. <br /> 2773 Downhill Drive Steamboat Springs, CO 80487 (800)334-5493 <br /> Rio Grande Silver, Inc. ACZ Project ID: L26557 <br /> Silica,dissolved M200.7 ICP <br /> ACZ ID Type Analyzed PCNISCN e . Limit Qual <br /> WG390711 <br /> WG3907111CV ICV 09/18/1512:41 11150908-1 42.8 42.98 mg/L 100 95 105 <br /> WG3907111CB ICB 09/18/1512:47 U mg/L -0.6 0.6 <br /> WG390711PQV PQV 09/18/1512:51 11150818-3 1.0714 1.1 mg/L 103 70 130 <br /> WG390711SIC SIC 09/18/15 12:54 11150725-2 1.0714 1.13 mg/L 105 80 120 <br /> WG390711LFB LFB 09/18/1513:00 11150917-2 21.428 21.36 mg/L 100 85 115 <br /> WG390711CCV1 CCV 09/18/1513:31 11150908-2 21.4 20.96 mg/L 98 90 110 <br /> WG390711CCB1 CCB 09/18/1513:34 U mg/L -0.6 0.6 <br /> WG390711CCV2 CCV 09/18/1514:07 11150908-2 21.4 21.41 mg/L 100 90 110 <br /> WG390711CCB2 CCB 09/18/1514:10 U mg/L -0.6 0.6 <br /> L26530-01AS AS 09/18/1514:14 11150917-2 107.14 14 124.2 mg/L 103 85 115 <br /> L26530-01ASD ASD 09/18/1514:17 11150917-2 107.14 14 124.5 mg/L 103 85 115 0 20 <br /> WG390711CCV3 CCV 09/18/1514:29 11150908-2 21.4 21.35 mg/L 100 90 110 <br /> WG390711CCB3 CCB 09/18/1514:32 U mg/L -0.6 0.6 <br /> Silica,total recoverable M200.7 ICP <br /> ACZ ID Too Analyzed PCN/SCN 0C Sample Found Urits' Rec Lower Upper RPI) Limit Qual <br /> WG390371 <br /> WG3903711CV ICV 09/15/1510:20 11150908.1 42.8 42.88 mg/L 100 95 105 <br /> WG390371ICB ICB 09/15/1510:26 U mg/L -0.6 0.6 <br /> WG390371PQV PQV 09/15/1510:29 11150818-3 1.0714 1.08 mg/L 101 70 130 <br /> WG390371SIC SIC 09/15/1510:32 11150725-2 1.0714 1.08 mg/L 101 80 120 <br /> WG390294LRB LRB 09/15/1510:41 U mg/L -0.44 0.44 <br /> WG390294LFB LFB 09/15/1510:44 11150901-3 21.428 21.97 mg/L 103 85 115 <br /> WG390371CCV1 CCV 09/15/1511:09 11150908-2 21.4 21.3 mg/L 100 90 110 <br /> WG390371CCB1 CCB 09/15/1511:12 U mg/L -0.6 0.6 <br /> WG390371CCV2 CCV 09/15/1511:45 11150908-2 21.4 21.44 mg/L 100 90 110 <br /> WG390371CCB2 CCB 09/15/1511:49 U mg/L -0.6 0.6 <br /> L26577-01LFM LFM 09/15/1512:07 11150901-3 21.428 4.1 26.73 mg/L 106 70 130 <br /> L26577-01LFMD LFMD 09/15/1512:10 11150901-3 21.428 4.1 26.22 mg/L 103 70 130 2 20 <br /> WG390371CCV3 CCV 09/15/1512:13 11150908-2 21.4 21.52 mg/L 101 90 110 <br /> WG390371CCB3 CCB 09/15/1512:16 U mg/L -0.6 0.6 <br /> Silver,dissolved M200.8 ICP-MS <br /> ACZ ID Type Analyzed PCNISCN Oc Sample Found Units Rec Lower Upper RPI) Limit Qual <br /> WG390829 <br /> WG3908291CV ICV 09/21/1516:26 MS150902-7 .02 .01975 mg/L 99 90 110 <br /> WG3908291CB ICB 09/21/1516:29 U mg/L -0.00015 0.00015 <br /> WG390829LFB LFB 09/21/1516:32 MS150915-9 .01 .0104 mg/L 104 85 115 <br /> L26290-03AS AS 09/21/1516:45 MS150915-9 .1 U .08668 mg/L 87 70 130 <br /> L26290-03ASD ASD 09/21/1516:48 MS150915-9 .1 U .0832 mg/L 83 70 130 4 20 <br /> WG390829CCV1 CCV 09/21/1517:03 NIS150814-4 .02505 .02523 mg/L 101 90 110 <br /> WG390829CCB1 CCB 09/21/1517:06 .000083 mg/L -0.00015 0.00015 <br /> L26582-01AS AS 09/21/1517:33 MS150915-9 .01 U .007708 mg/L 77 70 130 <br /> L26582-01ASD ASD 09/21/1517:36 MS150915-9 .01 U .007238 mg/L 72 70 130 6 20 <br /> WG390829CCV2 CCV 09/21/1517:40 MS150814-4 .02505 .02417 mg/L 96 90 110 <br /> WG390829CCB2 CCB 09/21/1517:42 .000304 mg/L -0.00015 0.00015 BE <br /> WG390829CCV3 CCV 09/21/1518:01 MS150814-4 .02505 .02452 mg/L 98 90 110 <br /> WG390829CCB3 CCB 09/21/1518:04 .000323 mg/L -0.00015 0.00015 BE <br /> L26557-1510011525 Page 29 of 48 <br />