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OURAY SILVER MINES INC. <br /> PO Box 564, 1900 Main Street,Unit 1,Ouray,Colorado,USA 81427 <br /> Tel.970-325-9830—Fax.970-325-9824 <br /> February 5, 2015 <br /> VIA U.S. Mail and Email <br /> Colorado Division of Reclamation, Mining, & Safety <br /> 1313 Sherman Street, Room 215 <br /> Ouray, CO 81427 <br /> Please find the enclosed Annual Report for the Revenue-Virginius Mine (Mine), operated by <br /> Ouray Silver Mines Inc (OSMI)under Division of Reclamation, Mining, and Safety (DRMS) <br /> Permit No. M-2012-032. Included in this submission are <br /> • Annual Fee ($1,150) <br /> • Completed Annual Report <br /> • Site Map <br /> • 2015 Groundwater Data <br /> Groundwater results indicate that groundwater is of generally good quality. All 2015 results were <br /> below agricultural water quality standards. Although the Mine has no public water distribution, <br /> the groundwater results have also been compared to domestic water quality standards. All <br /> groundwater results met domestic supply water quality standards, with the exception of dissolved <br /> iron in GW3A and GW-3B and dissolved lead in GW-3A during the March 31, 2015 sampling <br /> event. Data from underground sampling locations is also included. No stormwater discharge <br /> occurred during 2015. <br /> Sincerely, <br /> 1 <br /> John J. Bradely III <br /> Chief Executive Officer, Ouray Silver Mines Inc. <br /> 3968710.2 <br />