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Reference <br />Subject <br />Comment <br />Rule 1.15 (1) <br />Annual Fee and Report Request <br />Updated, signed and attached. <br />Rule 1.15 (1)(a) <br />Sufficiency of Value of <br />Warranty <br />- _ - --- -- <br />Nuvemco has no reason to believe the value of the <br />underlying cash warranty provided to DRMS is not <br />- sufficient. -_ -- - - _ _ <br />Rule 1.15 (1)(b) <br />Qualified Appraisal <br />Not applicable. <br />Rule 1.15 (1)(c) <br />Monitoring Information <br />Nuvemco continues to hold and comply with all <br />permits and environmental plans for the site, <br />continues to maintain its legal right -to -enter and <br />continues to maintain mineral rights through lode <br />claims in good standing. <br />Rule 1.15 (2) <br />New Map <br />No new disturbances or reclamation have occurred <br />during the previous year and no new changes to <br />the prior map are necessary, nor are there any <br />actions planned contrary to those approved under <br />this permit. Therefore, no new map is required. <br />August 16, 2011 <br />Division of Reclamation, Mining and Safety <br />Department of Natural Resources <br />State of Colorado <br />1313 Sherman St., Room 215 <br />Denver, CO 80203 <br />RE: 2011 Annual Report (Anniversary Date August 20, 2011) <br />Permit No. M- 2008 -050 <br />October Ore Pile Reclamation <br />Fee of $518.00 <br />Dear DRMS: <br />Pursuant to Mineral Rules and Regulations of the Colorado Mined Land Reclamation Board for <br />Hard Rock, Metal, and Designated Mining Operations, as effective September 30, 2010, ( "Hard <br />Rock Rules ") Nuvemco, LLC herein submits the above referenced Annual Report and Fee. <br />Sincerely, <br />Nuvemco, LL <br />By: EMSU, LLC, Its Manager <br />By: Paul G. Szilagyi, Its Manager <br />NUVEMCO, LLC <br />Enclosures: Annual Fee and Report Request Form with Changes <br />$518.00 Check <br />650 Linden Ave, Boulder, CO 80304 <br />nuvemco(a),comcast.net; 303 443 -9086 office; 904 216 -1041 fax <br />