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C) <br />RPM, Inc. � r <br />April 5, 2012 <br />RECEIVED <br />Division of declamation, Mining and Safety ,* <br />.Q Attn: Mr. Michael Cunningham Af'R J � � J 12 <br />1313 Sherman St., Room 215 Division of reclamation, <br />Denver, CO 80203 Mining & Safety <br />Re: Calais review of the DRMS proposed site bond calculation, File No. M1977 -410, <br />o. -,Amendment-,01. <br />Dear Mr. Cunningham: <br />On behalf of Calais Resources Colorado, Inc., we agree with the Division's proposed new bond <br />amount of $31,500.00. I addition, I would like to confirm that we have 12 months from the date <br />of application approval to post the additional amount with the Division? Please provide the <br />exact amount of additional bond moneys which need to be added to the existing bond. <br />Thank you for your time and consideration. <br />Respectfully, <br />H. Bruce Humphries <br />Consultant for Calais Resources Colorado, Inc. <br />cc: Calais Resources, Inc. <br />Attn: Mr. David Young <br />PO Box 279 <br />Parker, CO 80134 <br />RPM. Inc., 9050 Old Tom Morris Cir., Highlands Ranch, CO 80129 Phone: (303) 854 -7499 FAX:(303) 660 -3852 Email: hlhumphries2 @comcast.net <br />