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COLORADO <br />GOLDFIELDS INC <br />October 26, 2011 <br />Division of Reclamation, Mining and Safety <br />1313 Sherman St. Ste. 215 <br />Denver, CO 80203 -2243 <br />Wally Erickson <br />Division of Reclamation, Mining and Safety <br />691 County Road 233 Ste. A2 <br />Durango, CO 81301 -6580 <br />RE: Silver Wing Mine', n Juan County, Colorado <br />Notice of Intent to Conduct Prospecting Operations, No. P- 2011 -027 <br />Response to Deficiency Issues Letter Dated September 21, 2011 <br />Dear Mr. Erickson: <br />Enclosed please find two copies of the response of Colorado Goldfields Inc. to the <br />Colorado Division of Reclamation, Mining and Safety's Letter of September 21, 2011, <br />stating certain Deficiency Issues to the Notice of Intent to Conduct Prospecting <br />Operations for Hard Rock/Metals Mines for the Silver Wing Mine, San Juan County, <br />Colorado. <br />Also enclosed are two copies of the full size general mine maps per your request with <br />the suspected water source noted in red. We are also sending this electronically for <br />your convenience. While the quality of the map is not exceptional, it should be <br />adequate to demonstrate the relative location of the suspected water source. <br />This information is also being sent electronically. <br />Colorado Goldfields Inc. has re- addressed the Financial Warranty requirement and is <br />proposing a Financial Warranty of $25,000.00 for reclamation associated with the NOI <br />work. <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 />/Mato' <br />Colorado Goldfields Inc. <br />C. Stephen Guyer, Chief Financial Officer <br />Colorado Goldfields, Inc. <br />%<y 6 2 <br />Aii er 6 � 0" <br />ae <br />a.c1 Styo, <br />7986 South Datura Circle West * Littleton, CO 80120 * (303) 683 -3338 <br />