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Idarado Mining Company <br /> 311 Main Street <br /> P.O. Box 584 <br /> Ouray Colorado 81427 <br /> June 22, 2016 <br /> State of Colorado <br /> Division of Reclamation Mining and Safety <br /> 1313 Sherman Street,Room 215 <br /> Denver CO 80203 <br /> Subject: Idarado Mining Company <br /> 2015/2016 Annual Report Submittal <br /> Permit No.M1977-403-HR <br /> Enclosed please find Idarado Mining Company's 2015/2016 Annual Report and the annual permit fee <br /> payment of one-thousand, one-hundred and fifty dollars ($1,150). This report addresses operational <br /> mining,beneficiation and site reclamation status for the Telluride and Red Mountain mine operations. <br /> Should you have any questions,please contact me at your convenience. <br /> Respectfully, <br /> IDARA 0 MIPIN MPANY <br /> E <br /> w e Fiske <br /> Director Legacy Sites Closure and Reclamation <br /> 303-837-5676 <br /> cc: Julio Madrid(e) <br /> Mark Parker(e) <br /> Alfred Berry(e) <br /> Eric Schoenebaum(e) <br /> Denise Kennedy(e) <br /> Sherm Worthington(e) <br /> Tim Runnells(e) <br />