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COLORADO <br /> Division of Reclamation, <br /> Mining and Safety <br /> Department of Natural Resources <br /> 1313 Sherman Street, Room 215 <br /> Denver, CO 80203 <br /> July 21, 2017 <br /> Craig Liukko <br /> Red Arrow Gold Corporation <br /> P.O. Box 531 <br /> Mancos, CO 81328 <br /> RE: Cash Bond, #3104 <br /> Red Arrow Gold Corporation,DRMS File#P-2009-018,Red Arrow Dome <br /> Notice of Formal Board Hearing for Forfeiture of Financial Warranty <br /> Dear Mr. Liukko: <br /> Your company holds the above-referenced Cash Bond. On June 26, 2017,the Colorado Mined Land <br /> Reclamation Board(Board) found this Financial Warranty is subject to forfeiture and ordered you to <br /> gain compliance by July 6, 2016. As of the date of this letter, we have not received your 2016 Annual <br /> Fee, 2016 Annual Report, and 2016 Annual Map. Therefore, pursuant to C.R.S. 34-32.5-124, you <br /> have failed to comply with a Board Order. Also, pursuant to C.R.S. 34-32-118(2),the Board is required <br /> to notify all Financial Warrantors when the Financial Warranty is subject to forfeiture. The pertinent <br /> information for the Certificate of Deposit is: <br /> Applicant: Red Arrow Gold Corporation in Receivership <br /> Cash Bond number: 3104 <br /> Treasure Receipt number: 20734 <br /> Amount: $2,000.00 <br /> Date of Issuance: June 24, 2009 <br /> A Formal Public Hearing will be held for this matter during the August 23-24, 2017 Board meeting. <br /> During the Hearing, the Board will consider confirming its determination that the Financial Warranty <br /> should be forfeited. Upon finding that the Financial Warrantor should be forfeited,the Board will issue <br /> an order directing affected financial warrantors to immediately deliver to the Board all amounts <br /> warranted by applicable financial warranties. The Hearing will be held in Room 318 of 1313 Sherman <br /> Street, Denver, Colorado, beginning and 9:00 a.m. on August 23, 2016 or as soon thereafter as the <br /> matter can be considered. You are welcome to attend the Hearing. <br /> /F co 0 <br /> 01 <br /> 1313 Sherman Street, Room 215,Denver, CO 80203 P 303.866.3567 F 303.832.8106 http://mining.state.co.us <br /> John W. Hickenlooper, Governor I Robert W. Randall, Executive Director I Virginia Brannon, Director �1876�i <br />