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NUVEMCO, LLC <br />February 25, 2011 <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: 2011 Annual Report (Anniversary Date March 1, 2011) <br />Permit No. M-1978-222-UG Monogram Mines <br />Fee of $1,150.00 <br />Dear DBMS: <br />RFC,FIVED <br />MAR 01 2011 <br />Mining and Safety <br />Pursuant to Mineral Rules and Regulations of the Colorado Mined Land Reclamation Board for <br />Hard Rock, Metal, and Designated Mining Operations, as effective September 30, 2010, ("Hard <br />Rock Rules") Nuvemco, LLC herein submits the above referenced Annual Report and Fee. <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. All testing of monitoring wells was <br /> satisfactory with no accumulation of water noted <br /> in either monitoring well. <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, nor are there any <br /> actions planned contrary to those approved under <br /> this permit. Therefore, no new map is required. <br />Sincerely, <br />Nuvemco, LL <br />By: EMSU, LLC, Its Manager <br />By: Paul G. Szilagyi, Its Manager <br />Enclosures: Annual Fee and Report Request Form with Changes <br />Check #8485 for $1,150.00 <br />650 Linden Ave, Boulder, CO 80304 <br />nuvemco(i?comcast.net; 303 443-9086 office; 904 216-1041 fax