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I G GIRA N DBE. <br />SS1v Ju>1v. SUVer )ruv c ve".'tu+;'. RECE SVI <br />MAY 16 20t1 <br />OF <br />May 12, 2011 MAY 2 3 2011 Np-C-I ?E (,?Vrr?y Gpl,,?i,,tlS?ilvlll 5 <br />Division of declamation, l <br />RE: Notices of Intent to Conduct Prosp?ajpj and Safety <br />Dear Mineral County Commissioners, WT WER PAT GRE£K <br />Rio Grande Silver, Inc submitted two new Notices of Intent to Conduct <br />Prospecting Operations (NOI) with the Colorado Division of Reclamation, Mining <br />and Safety on May 12th. <br />The first NOI is for the Equity Exploration Project (EEP) and will involve reopening <br />the Equity portal and ventilation adit to determine existing groundwater level and <br />ground conditions underground in Homestake Mining Company's exploration <br />development from the late 1980's. Our intention is to continue exploration <br />activities at the historic site. The EEP is scheduled to begin in mid to late June <br />2011. <br />Refer to the attached location map. <br />The second NOI Is for the East Upper Rat Creek Project and will involve surface <br />core drilling with one core drill. 2500 feet of new low-standard road and two <br />100'x 100' drill pads are proposed for construction. Two drill holes are planned for <br />2011 totaling approximately 5000 feet of core. The East Upper Rat Creek Project <br />is scheduled to begin mid to late July 2011. <br />Refer to the attached location map. <br />Copies of the NOIs are available at the Rio Grande Silver, Inc office or online at <br />Colorado DRMS for your review. <br />Please call me at 970-946-0111 if you have any questions. <br />Best Regards, D E+CEIVE <br />rl?? <br />Randy McClure X13111 <br />1 <br />112 l=ast 12'" Street P O Box 51 G Creerie CO 81130 <br />-19 658-1080 Fax 71,7-654-1082 <br />W <br />