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Idarado Mining Company <br /> 2015/2016 Annual Report <br /> June 22,2016 <br /> Page 2 <br /> Reclamation, Mining and Safety (DRMS) conducted a site inspection on October 21, 2015 to <br /> discuss possible future options for the mill building, including possible release of the building and <br /> surrounding area from the reclamation permit. IMC also met with DRMS on February 23,2016 to <br /> discuss possible revisions to the reclamation plan for the mill building and acreage reduction for the <br /> reclaimed tailing piles. <br /> 5. In January 2016,IMC notified DRMS of its plans for construction of a new maintenance shop at the <br /> Red Mountain property and demolishing the existing shop according to the reclamation plan. <br /> 6. Mining and milling operations associated with the Idarado Mine are not and were not operational <br /> during the permit year. No mining beneficiation or waste rock/tailing disposal operations were <br /> conducted during the permit year. <br /> 7. No new surface land disturbances were conducted in the 2015/2016 anniversary year. <br />