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8 (Form 2 - Public) <br />C. Proper and timely abandonment of drill holes upon completion of drilling; <br />D. Reclamation of affected lands upon completion of operations or phases of an operation;, <br />E. Backfilling and revegetating any pits to blend in with the surrounding land surface; <br />F. Safeguarding mine entries, trenches and excavations from unauthorized entry at all times; <br />G. Disposal of any trash, scrap metal, wood, machinery, and buildings; <br />H. Control of noxious weeds within the area affected by the prospector <br />3. The prospecting operations shall be conducted in such a manner as to comply with all applicable local, state and federal laws <br />and regulations including applicable state and federal air and water quality laws and regulations. <br />4. The prospecting operations shall be conducted so as to minimize adverse effects upon wildlife to include covering of open <br />drill holes until properly plugged. <br />5. During the prospecting operations, the operator will perform the necessary stabilization and reclamation work to ensure those <br />areas affected by prospecting activities are erosionally and geotechnically stable. <br />6. All prospecting operations shall be in compliance with the Colorado Mined Land Reclamation Act, as amended (34-32-101 et <br />seq. C.R.S.), and all rules and regulations currently in effect or promulgated pursuant thereto. See 2 CCR 407-1, Mined Land <br />Reclamation Board Hardrock /Metal Mining Rules. <br />VI. ADDITIONAL TERMS AND CONDITIONS FOR PROSPECTING ON BLM/USFS LANDS <br />The prospector will supply a copy of this NOI to the appropriate BLM and/or USFS office. <br />2. The prospector authorizes the MLRB to discuss the information in this Notice of Intent with the BLM and/or USFS. <br />3. If on BLM land, the prospector will complete reclamation to the standards described in 43 CFR 3809.1-3 (d) and <br />implement reasonable measures to prevent unnecessary or undue degradation of lands during operations. <br />VII. FINANCIAL WARRANTY <br />A financial warranty must be provided for the cost of reclamation of the disturbance described in this Notice. The prospector can <br />either file a "One Site Prospecting Financial Warranty" or a "Statewide Financial Warranty." The financial warranty must be <br />submitted and approved by the Division prior to entry upon lands for the purpose of prospecting. <br />An One-Site Prospecting Financial Warranty is usually filed by individuals or companies where prospecting activities are limited <br />to a single area. It must be filed in the amount of $2,000 per acre for land to be disturbed, or such other amount as determined by <br />the Division, based on the projected costs of reclamation. A Statewide Financial Warranty is usually filed by companies with <br />multiple prospecting sites. It must be filed in an amount equal to the estimated cost of reclamation per acre of affected land for all <br />anticipated sites statewide. (You may increase the Statewide bond at any time in order to cover additional or expanded prospecting <br />activities.) <br />Rio Grande Silver, Inc. submitted a Statewide Prospecting Financial Warranty Corporate Surety <br />(bond no. 6575235) in the amount of $269,318.00 to DRMS. Said bond was accepted by DRMS <br />on 16 July 2008. Of the total bond amount, $58,909.00 is held for prior disturbance by Rio Grande <br />Silver as it relates to NOI P-2008-037. Rio Grande Silver proposes disturbance related to this new <br />Notice of Intent be bonded under this Statewide Financial Warranty.