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V_9011-alt <br />Colorado Goldfields, Inc. <br />3 June 2011 <br />Division of Reclamation Mining and Safety <br />1313 Sherman St Ste 215 <br />Denver, CO 80203-2243 <br />United States of America <br />Wally Erickson <br />Division of Reclamation Mining and Safety <br />691 County Road 233 Ste A2 <br />Durango, CO 81301-6580 <br />RE: Pride of the West Mill, Permit No.: M-1984-049 <br />Notice of Intent for Kittimac Tailings Repository <br />Dear Mr. Erickson: <br />Enclosed please find two copies of a Notice of Intent to Conduct Prospecting Operations <br />for Hard Rock/Metals Mines. As previously discussed, the purpose of this project is to <br />conduct geotechnical investigation in preparation for Amendment No. 3. <br />After careful analysis, we have estimated the financial warranty to be $3,000 for this <br />project. The estimated start date is June 10, 2011 with completion no later than July 10, <br />2011. <br />Also enclosed is the requisite $86.00 fee. <br />Thank you. If you have any questions or if I may be of further assistance, do not <br />hesitate to call me directly. <br />Sincerely, <br />Colorado Goldfields, Inc, <br />C. Stephen Guyer, Chief Financial Officer <br />CSG: mm <br />Wallace H. Erickson - DRMS DFO <br />Steve Shuey - DRMS GJFO <br />David Berry - DRMS Denver <br />Mike Hegarty - Fognani & Faught <br />Jeff Fugate, Esq. -DRMS RECEIVED <br />JUN 0 3 2011 <br />Division or Keclamation, <br />Mining and Safety <br />7986 South Datura Circle West * Littleton, CO 80120 * (303) 683-3338 <br />