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ADZ Laboratories, Inc. <br />2773 Downhill Drive Steamboat Springs, CO 80487 (800) 334 -5493 <br />Rio Grande Silver, Inc. <br />Chromium (1312) <br />ACZ ID <br />Type Analyzed PCNISCN QC Sample Found Units Rec Lower Upper RPD Limit Qual <br />WG330950 <br />WG3309501CV ICV 09/27/12 0 42 MS120710 -2 05 05023 mg /L 100 5 90 110 <br />WG3309501CB ICB 09/27/12 0 45 U mg /L -0 0015 0 0015 <br />W G330950ICSA ICSA 09/27/12 0 48 00051 00051 mg /L -0 002 0 002 <br />WG3309501CSAB ICSAB 09/27/12 0 51 MS120906 -5 02002 01904 mg /L 95 1 80 120 <br />WG330447PBS PBS 09/27/12 0 58 U mg /L -0 0015 0 0015 <br />WG330447LFB2 LFB 09/27/12101 MS120906 -3 05005 04892 mg /L 977 80 120 <br />L96798 -01SDL SDL 09/27/12107 U U mg /L 10 <br />L96798 -02MS MS 09/27/12 1 13 MS120906 -3 05005 U 04933 mg /L 98 6 75 125 <br />L96798 -02MSD MSD 09/27/12 1 16 MS120906 -3 05005 U 05037 mg /L 100 6 75 125 2 09 20 <br />WG330950CCV1 CCV 09/27/12 1 25 MS120723 -3 1001 09897 mg /L 98 9 90 110 <br />WG330950CCB1 CCB 09/27/12 1 28 U mg /L -0 0015 0 0015 <br />L96798 -04DUP DUP 09/27/12131 U U mg /L 0 20 RA <br />WG330950CCV2 CCV 09/27/12134 MS120723 -3 1001 .1005 mg /L 1004 90 110 <br />WG330950CCB2 CCB 09/27/12 1 37 U mg /L -0 0015 0 0015 <br />Cobalt (1312) <br />M6020 ICP -MS <br />WG330840 <br />M6010B ICP <br />ACZ ID Type Analyzed PCNISCN QC Sample Found Units Rec Lower Upper RPD Limit Qual <br />WG3308401CV ICV 09/25/12 20 01 11120711 -3 2 <br />WG3308401CB ICB 09/25/12 20 04 <br />WG330840PQV PQV 09/25/12 20 07 11120925 -2 05 <br />W G330840ICSAB ICSAB 09/25/12 20 10 11120816 -1 25 <br />WG330447PBS PBS 09/25/12 20 17 <br />WG330447LFB1 LFB 09/25/12 20 20 11120905 -2 5 <br />L96798 -01 MS MS 09/25/12 20 26 11120905 -2 5 <br />L96798 -01 MSD MSD 09/25/12 20 29 11120905 -2 5 <br />L96798 -03SDL SDL 09/25/12 20 38 <br />L96798 -04DUP DUP 09/25/12 20 44 <br />WG330840CCV1 CCV 09/25/12 20 48 11120711 -4 1 <br />WG330840CCB1 CCB 09/25/12 20 51 <br />WG330840CCV2 CCV 09/25/12 20 54 11120711 -4 1 <br />WG330840CCB2 CCB 09/25/12 20 57 <br />REPIN 01 06 05 01 <br />Inorganic QC <br />Summary <br />ACZ Project ID: L96798 <br />2 007 mg /L 100 4 90 110 <br />U mg /L -0 03 0 03 <br />051 mg /L 102 70 130 <br />242 mg /L 96 8 80 120 <br />U mg /L -0 03 0 03 <br />492 mg /L 984 85 115 <br />U 498 mg /L 99 6 75 125 <br />U 483 mg /L 96 6 75 125 3 06 20 <br />U U mg /L 10 <br />U U mg /L 0 20 <br />99 mg /L 99 90 110 <br />U mg /L -0 03 0 03 <br />991 mg /L 991 90 110 <br />U mg /L -0 03 0 03 <br />RA <br />Page 15 of 39 <br />