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&V <br />Cripple Creek & Victor Gold Mining Company <br />A Joint Venture • ANGLOGOLD ASHANTI (COLORADO) CORP., Manager <br />Operations Office <br />P.O. Box 191 • 100 North 3" Street <br />Victor, Colorado 80860 <br />(719) 689-2977 - Fax (719) 689-3254 <br />SENT CERTIFIED - RETURN RECEIPT REQUESTED <br />7009-3410-0002-3626-0425 <br />April 6, 2011 <br />r .C'EIV0D <br />Mr. Berhan Keffelew Tg11 <br />Sr. Environmental Protection Specialist <br />Office of Mined Land Reclamation 1VtS10h Qf fkaele`tisgW, <br />Division of Reclamation, Mining and Safety 0. &satew <br />1313 Sherman Street, Room 215 <br />Denver, Colorado 80203 <br />RE: Cresson Project, Permit M-1980-244 Annual Report and Fee <br />Dear Mr. Keffelew: <br />Enclosed please find the annual report form and annual mineral fee of $1,150.00 (check <br />no. 00508421) for Cripple Creek & Victor Gold Mining Company's ("CC&V") Cresson <br />Project, Permit M-1980-244. This report covers the time period between April 1, 2010 <br />and March 31, 2011. <br />Reportable Conditions: <br />On December 3, 2008, the Division of Reclamation, Mining, and Safety ("DRMS") <br />approved the Amendment No. 9 application to Office of Mined Land Reclamation Board <br />Permit M-1908-244 for Mine Life Extension to the Cresson Project. <br />Mine Life Extension to the Cresson Project as approved by Amendment No. 9 included: <br />(1) Continued mining activities associated with the Main Cresson, East <br />Cresson-Wild horse and Wildhorse Extension ("WHEX"), and the North Cresson-Schist <br />Island and Globe Hill-Mine Areas; (2) Continued development and expansion of the <br />Squaw Gulch Overburden Storage Areas ("SGOSA") and new East Cresson <br />Overburden Storage Areas ("ECOSA"); (3) A Phase 5 extension to the Valley Leach <br />Facility ("VLF"); (4) revised haul road and access routes to accommodate new areas of <br />mining activity; and (5) various other operational modifications. This Mine Life <br />Extension effort will extend the Cresson Project's mine life through 2016.