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STATE OF COLORADO <br />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 />October 10, 2012 <br />John Bryan <br />Caldera Mineral Resources, LLC <br />342 7th Street <br />Ouray, CO 81427 <br />RE: Approved Notice of Intent to Conduct Prospecting, <br />Camp Bird Tailings Exploration Project, NOI File P-2012-017. <br />Dear Mr. Bryan: <br />COLORADO <br />DIVISION OF <br />RECLAMATION <br />MINING <br />—&— <br />SAF ETY <br />John W. Hickenlooper <br />Governor <br />Mike King <br />Executive Director <br />Loretta E. Pineda <br />Director <br />On October 9, 2012, the Division completed its review of the above referenced NOI application <br />and approved the application. The Division holds $11,000 financial warranty for the operation. <br />Please proceed with the activities described within the NOI application. <br />Please contact me at the Division's office in Durango at 691 County Road 233, Suite A-2, <br />Durango, CO 81301, phone (970) 247-5469, if you have any questions. <br />Sincerely, <br />Wallace H. Erickson <br />Environmental Protection Specialist <br />Ec: Mike Thompson, Reardon Steel <br />Russ Means, DRMS GJFO <br />Office of <br />Mined Land Reclamation <br />Office of <br />Denver • Grand Junction • Durango Active and Inactive Mines <br />