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May 10, 2017 <br />Division of Reclamation, Mining and Safety <br />Department of Natural Resources <br />Attn: Michelle Ramirez <br />1313 Sherman Street, Room 215 <br />Denver, CO 80203 <br />Subject: Mineral Joe Claims Annual Report <br />File No. M-1977-284 <br />Dear Ms. Ramirez: <br />The Mineral Joe Claims are located in Montrose County and operates <br />under a 110 permit with a permitted acreage of 9.5 acres. This <br />mine does not have a phased reclamation plan. <br />A new map is enclosed, even though no charges have occurred since <br />the last annual report. <br />The sufficiency of the financial warranty for the above captioned <br />permit has been reviewed by DRMS and Cotter Corporation and was <br />found sufficient to cover the reclamation costs associated with <br />this property. <br />The annual fee payment of $518.00 is enclosed. <br />If you need additional information, please call me at 970-864-7347. <br />Sincerely, <br />COTTER CORPORATION <br />Gus Gaviotis <br />VP Finance & Accountincr <br />Cotter Corporation - West Slope Operations Telephone (970) 864-7347 <br />P.O. Box 700, 28151 DD Road, Nucla, CO 81424 USA Fax (970) 864-7287 <br />