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NUVEMCa, L.c <br />November 15, 2010 <br />Division of Reclamation, Mining and Safety <br />Department of Natural Resources <br />State of Colorado <br />1313 Sherman St., Room 215 <br />Denver, CO 80203 <br />RE: 2010 Annual Report <br />Permit No. M-1977-293 Monogram-1o Dandy <br />Dear DRMS: <br />Pursuant to Hard Rock, Metal, and Designated Mining Operations Rule 1. 15, Nuvemco, LLC herein <br />submits the above referenced Annual Report. <br />Reference Subject Comment <br />Rule 1.15 (1) Annual Fee and Report Request Updated, signed and attached. <br />Rule 1.15 (1)(a) Sufficiency of Value of Nuvemco has no reason to believe the value of the <br /> Warranty underlying cash warranty provided to DRMS is not <br /> sufficient. <br />Rule 1.15 (1)(b) Qualified Appraisal Not applicable. <br />Rule 1.15 (1)(c) Monitoring Information Nuvemco continues to hold and comply with all <br /> permits and environmental plans for the site, <br /> continues to maintain its legal right-to-enter and <br /> continues to control mineral rights through a long- <br /> term lease. <br />Rule 1.15 (2) New Map No new disturbances or reclamation have occurred <br /> during the previous year and no new changes to <br /> the prior map are necessary, and therefore no new <br /> map is required. <br />Sincerely, <br />Nuvemco, LLC <br />By: EMSU, LLC, Its Manager <br />By: Paul G. Szilagyi, Its Manager <br />Enclosure: Annual Fee and Report Request Form <br />650 Linden Ave, Boulder, CO 80304 <br />ed.• 303 443-9086 of/ice, 904 216-1041 far