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mill until released by Calais. UMC will initiate mill operations as the permits allow. UMC is <br />targeting August 2011 for initiating mill startup. <br />Leadville Mill activities: <br />1) APEN - Air Quality Permit to Construct anticipated June 2011. <br />2) Mill equipment, replacement and repair commencement anticipated June 2011. <br />3) SWMP application July 2011. (No NPDES) <br />4) CDOT access permit anticipated July 2011. <br />5) Lake County conditional use permit (CUP) anticipated August 2011. <br />6) CDRMS TR-3 TSF construction approval anticipated August 2011. <br />7) MSHA compliance anticipated August 2011. <br />8) TSF reconstruction anticipated August 2011. <br />9) Initiate mill startup August 2011. <br />10) Initiate removal of the sulfitic ore in the temporary ore stockpiles within 60 days of <br />resumption of milling operations. <br />11) Additional land will be disturbed, no additional land will be permanently reclaimed. The <br />mill disturbed area will increase 1.5 acres to 8.1 acres. <br />Annual Report M1990-057 June 10, 2011