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0� 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 /> September 22, 2021 <br /> Brian Briggs <br /> Ouray Silver Mines, Inc. <br /> P.O. Box 564 <br /> 1900 Main Street, Suite 1 <br /> Ouray, CO 81427 <br /> RE: Revenue Mine, Permit No. M-2012-032,Technical Revision (TR-16)Approval <br /> Dear Mr. Briggs: <br /> On September 22, 2021 the Division of Reclamation, Mining, and Safety(Division) approved the Technical <br /> Revision request (TR-16) submitted on July 26, 2021, addressing the following: <br /> Addition of surface facilities including: <br /> 1. Two equipment storage warehouses <br /> 2. Security Shack <br /> 3. Two temporary lineout buildings <br /> 4. Vehicle wash-down area <br /> 5. Two temporary Gen Sets <br /> The terms of the TR-4 approved by the Division are hereby incorporated into Permit No. M-1977-098. All <br /> other conditions and requirements of the permit remain in full force and effect. <br /> The estimated liability amount of$517,219.00 exceeds the$476,269.41 Financial Warranty currently held <br /> for this site. If you have not already done so, please submit additional bond in the amount of$40949.59. <br /> Please review the enclosed figures as soon as possible and contact our office if any calculation errors are <br /> noted. The revision will not be final until the bond is approved by the Division. <br /> Pursuant to Hard Rock and Metals Mining Rule 4.2.1(2) The Operator has 60 days from the date of this <br /> notice to submit the required Financial Warranty. The additional amount or replacement warranty for a <br /> total Financial Warranty of $517,219.00 must be received no later than Monday November 22, 2021. <br /> Please note that no facilities approved under this Technical Revision may be installed until the Financial <br /> Warranty is received and accepted. <br /> If you require additional information, or have questions or concerns, please feel free to contact me. <br /> Lucas West at the Division of Reclamation, Mining and Safety, 1313 Sherman St., Room 215, Denver, CO <br /> 80203. Direct contact can be made by phone at 303-866-3567 Ext 8187 or via email at <br /> lucas.west@state.co.us. <br /> OF LOCO <br /> 1313 Sherman Street, Room 215, Denver, CO 80203 P 303.866.3567 F 303.832.8106 https://mining.state.co.us <br /> Jared S. Polis, Governor I Dan Gibbs, Executive Director I Virginia Brannon, Director * * <br /> Ig76 <br />