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STATE OF COLORADO <br />DIVISION OF RECLAMATION, MINING AND SAFETY <br />Department of Natural Resources <br />1313 Sherman St., Room 215 <br />Denver, Colorado 80203 <br />COL R A D O <br />D I M S S ION O F <br />Phone: (303) 866 -3567 <br />RECLAMATION <br />FAX: (303) 832 -8106 <br />MINING <br />SAFETY <br />John W. Hickenlooper <br />Governor <br />August 16, 2013 <br />Mike King <br />Executive Director <br />Randy McClure Loretta Rio Grande Silver, Inc. DiectorE. Pineda <br />P.O. Box 610 <br />Creede, CO 81130 <br />Re: Financial Warranty Release Request (Revision SL -1), Approved, South Upper Rat Creek <br />Project, NOI File No. P- 2011 -023 <br />Dear Mr. McClure, <br />On July 16, 2013, the Division approved the financial warranty release request for the above prospect. <br />The Division inspected the site and found that there was no disturbance. Your site is on U.S. Forest <br />Service lands, and we have received written notification from the agency that there is no outstanding <br />reclamation to perform. You are now released from further liability for this site. <br />Bond Type(s) <br />Statewide (Safeco) corporate surety <br />Bond Number(s) Bond Amount(s) <br />6575235 $16,435.00 <br />The above bond amount is released from the obligated portion of the Statewide bond, although the <br />Statewide bond must remain posted since it continues to cover reclamation liability for your other active <br />prospecting operations. <br />Please contact me at the Division's Durango Field Office if you have any questions: 691 CR 233, Room <br />A -2, Durango, CO 81301; telephone 970 - 247 -5193. <br />Sincerely, <br />Bob Oswald <br />Environmental Protection Specialist <br />Ec: Russ Means, DRMS Grand Junction <br />Barbara Cona, DRMS Denver <br />Tom Malecek, USFS Monte Vista <br />(c:A13 -07 docs \SURC NOI SL -1 appr /rco) <br />Office of Office of <br />Mined Land Reclamation Denver • Grand Junction • Durango Active and Inactive Mines <br />