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Colorado Goldfields Inc. <br /> 20 June 2015 <br /> Annual Report <br /> Division of Reclamation, Mining, & safety <br /> 1313 Sherman St Ste 215 <br /> Denver, CO 80203-2243 <br /> RE: 2015 Annual Report, Permit: P-2011-015 <br /> Dear Sir or Madam, <br /> The above referenced permit was closed at the end of permit year 2014. <br /> In the 2014 report for the above referenced permit, we indicated that all reclamation <br /> work was completed during the 2013-2014 year. Closure reports for all drill holes were <br /> filed with the 2012 report. <br /> Therefore, this permit was completed and closed as of 20 June 2014 and of course <br /> would not be renewed in 2015. <br /> A copy of last year's report is enclosed for reference. <br /> Thank you. If you have any questions or if I may be of further assistance, do not <br /> hesitate to call me directly. <br /> Sincerely, <br /> < - <br /> Colorado Goldfields Inc. <br /> C. Stephen Guyer, Chief Financial Officer <br /> CSG: mm <br /> Wallace H. Erickson-DRMS <br /> Steve Fearn -CGFI <br /> 7986 South Datura Circle West* Littleton, CO 80120 * (303)683-3338 <br />