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Ar"M <br />?A&MOVIUMCM-Mor <br />June 10, 2011 <br />Division of Reclamation, Mining and Safety <br />Department of Natural Resources <br />1313 Sherman St., Room 215 <br />Denver, CO 80203 <br />Dear Ms. Rodriguez, <br />The Annual Report for mine permit M-1990-057 is enclosed, as well as a check for $259.00. No <br />new disturbances or reclamation activities have occurred in the past 12 months at either the <br />Hopemore Shaft or the Leadville Mill sites. No new disturbances within previously undisturbed <br />areas or permanent reclamation activities are anticipated within the next 12 months at the <br />Hopemore Shaft. Therefore no new map is required for the Hopemore Shaft. New disturbances <br />are planned for the Leadville Mill and Exhibit TSF-O1 is submitted showing the proposed <br />disturbance outline. <br />This annual report addresses the activities conducted in the previous period from June 18, 2010 <br />to June 18, 2011, and also addresses the proposed activities for the upcoming period from June <br />18, 2011 to June 18, 2012. <br />If you have additional questions or need additional information, please contact Mr. Michael <br />Elder at meldergunionmilling com or 303-638-2573. <br />Sinc rely <br />S U <br />Thomas S. Hendricks <br />President <br />Calais Resources Colorado, Inc. <br />Calais Resources, Inc <br />PO Box 653 Nederland, CO 80466-0653 <br />Phone: (303) 258 - 3806 Fax: (303) 258 - 0402 <br />Website: Calaisresources.com <br />Page 1 <br />Annual Report M1990-057 June 10, 2011 <br />