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�RIO GRANDE <br />SILVER, INC. �Co <br />June 12, 2013 RECEI f , <br />Bob Oswald JUN <br />Colorado Department of Natural Resources 1� �� <br />Division of Reclamation, Mining, and Safety DIVISION OF RECLAMATION <br />691 CR 233 MINING ANDSAFETy, <br />Suite A -2 <br />Durango, CO 81301 <br />RE: NOI P -2010 -014, Bulldog Project <br />Annual Exploration and Reclamation Report; Payment of Annual Fee <br />Dear Mr. Oswald, <br />Enclosed is a summary of exploration and reclamation activities and associated maps, the annual <br />report form, and payment of annual fee for NOI #P- 2010 -014, Bulldog Project. <br />Rio Grande Silver plans to drill two core holes on previously constructed pad BD7 this summer. <br />No new disturbance is anticipated for this drilling effort. <br />Please call me at 719 - 658 -1080 ext. 2701 if you have questions or comments. <br />Best Regards, <br />Randy McClure <br />General Manager <br />Rio Grande Silver, Inc. <br />625 USFS Road 504.1A <br />Creede, CO 81130 <br />(719) 658 -1080 ext. 2701 <br />rmcclure a,hecla- mining com <br />625 USFS Road 504.1A P.O. Box 610 Creede, CO 81130 <br />719 - 658 -1080 Fax 719 - 658 -1082 <br />