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RECEIVE <br />Divsion of reciamation, <br />COtte/ Mining and Safety <br />SKI 3 <br />May 27, 2011 <br /> <br />Mr. David Bird <br />State of Colorado <br />Reclamation, Mining & Safety Division <br />1313 Sherman Street Room 215 <br />Denver, CO 80203 <br />SUBJECT: Schwartzwalder Mine Permit M-1977-300 <br />le-M pFi nancal c„rer? Re" Ln for <br />cal Revision No. 16, Notice of Completion <br />Dear Mr. Bird: <br />Certified Mail <br />Return Receipt Requested <br />Pursuant to Rule 1.6(1)(a)(ii)(2), enclosed please find the Proof of Publication by the <br />Golden Transcript, Golden, Colorado, for the public notice regarding Cotter Corporation's <br />request for a reduction of $10,455.00 from the total financial warranty covering the subject <br />mine permit. <br />If you have any questions or need anything further prior to finalizing the subject <br />request, please contact the undersigned with Rio Grande Resources Corporation, Cotter's <br />service provider for this issue, at Brenda huahes riogranderesources.com or by phone at <br />(830) 780-3911 extension 230. Thank you in advance for your time and attention to this <br />matter. <br />Respectfully Submitted, <br />COTTER CORPORATION <br />4?eAA <br />11 Brenda Hughes, CPL / A <br />Land & Title Specialist <br />Contractor for Cotter Corporation <br />BGH/bgh <br />copy: Amory Quinn <br />Gus Gaviotis <br />Kevin Raabe <br />Schwaltzwaider Pub. Affidavit for Bond Release TR-16.wpd <br />Cotter Corporation <br />7800 E. Dorado Place, Suite 210, Greenwood Village, CO 80111 <br />Telephone (720) 554-6200 <br />Fax (720) 554-6201