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� RIO GRANDE <br /> S ILZ VE R INC . RECEIVED <br /> JAN 2 9 2026 <br /> DIVISION OF RECLAMATION <br /> January /4, 2026 MINING AND SAFETY <br /> Division of Reclamation, Mining and Safety <br /> 1313 Sherman Street, Rm. 215 <br /> Denver CO, 80203 <br /> RE: REQUEST FOR FULL RELEASE OF PERMIT AREA/SURITY <br /> REDUCTION for the Equity Exploration Project P-2011-010. <br /> Minerals Program, <br /> Please see enclosed the following: <br /> - REQUEST FOR FULL OR PARTIAL RELEASE OF PERMIT <br /> AREA/SURITY REDUCTION form for the Equity Exploration Project P-2011- <br /> 010 MD-3. <br /> - EXHIBIT B 1 — Project Site Map <br /> All exploration activities associated with the Equity Exploration Project have <br /> been conducted entirely on private land owned by Rio Grande Silver, Inc (RGS). <br /> RGS does not have plans in the foreseeable future to conduct any new <br /> explorations activities, therefore RGS has determined that the current disturbance <br /> and temporary structures will be left in place. RGS will leave infrastructure in <br /> place should future activities resume. The Equity Site is secure with locked gates <br /> and signage. The two portals are secured by heavy locked steel gates. <br /> RGS received the approved Equity Exploration Project P-2011-010 Modification <br /> (MD-3) on April 23, 2025, that changes the reclamation plan to allow structures <br /> to remain on private property post reclamation. <br /> Therefore, RGS is requesting a full release of$28,192.00 included in the <br /> Statewide Prospecting Bond (Safeco corporate surety) No. 6575235. <br /> 625 USFS Road 504.1A P.O. Box 610 Creede, CO 81130 <br />