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<br />SARA RAY SILVER MINING, LLC <br />Kevin Lawrence <br />127 Elm Street <br />Leadville, CO 80461 <br />April 30, 2011 <br />Park County Board of County Commissioners <br />Commissioner John Tighe <br />Commissioner Dick Hodges <br />Commissioner Mark Dowaliby <br />P. O. Box 1373 <br />Fairplay, CO 80440 <br />Re: NOI for Sara Ray Silver Mining (aka Ajax and Ibex mining claims) <br />Dear Board of Commissioners: <br />In accordance with the Colorado Division of Reclamation, Mining & Safety Hardrock Rule <br />5.1.2(m), we have been asked to send this notice to the Park County Board of County <br />Commissioners. <br />Sara Ray Silver Mining has acquired the Ajax No. 1 and No. 7, and Ibex claims located in the <br />Buckskin Gulch area from Mr. James Maulding. Mr. Maulding prospected these claims from <br />1978 through 2010. <br />Sara Ray Silver Mining has completed and filed a plan of operations, permits, and bonds with the <br />appropriate State and Federal agencies, including the Alma Water District. The company has not <br />made any changes to Mr. Maulding's plan of operations and will continue to prospect the claims <br />this summer in a similar manner in which Mr. Maulding has prospected these claims since 1978. <br />It is our hope to be able to increasingly expand operations over the next two seasons, which <br />would include the hiring of between five and seven local county residents. <br />The non-confidential information regarding our prospecting activities will be available for <br />review on the website of the Colorado Division of Reclamation, Mining & Safety. <br />Please feel free to call me on (720) 514-1248 with any questions that you might have. <br />Sincerely, <br />Kevin Lawrence