Warning: exif_read_data(): Unable to open file in

I'm getting following error when trying to geocode using image where the destination of image is private storage (tested with geofield and geolocation):

    Warning: exif_read_data(): HTTP request failed! HTTP/1.0 403 Forbidden in geocoder_exif() (line 25 of C:\OpenServer\domains\temp.loc\sites\all\modules\geocoder\plugins\geocoder_handler\exif.inc).
    Warning: exif_read_data(): Unable to open file in geocoder_exif() (line 25 of C:\OpenServer\domains\temp.loc\sites\all\modules\geocoder\plugins\geocoder_handler\exif.inc).

When I re-save the node everything is working and map is created from exif data of image.

The same problem with latest dev version (2015-May-21) and v.7.x-1.2.

Using uploading destination of image as "Public" is not creating any errors.