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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 />Phone: (303) 866 -3567 <br />FAX: (303) 832 -8106 <br />February 18, 2014 <br />Mr. Laurens W. Leffingwell, Jr. <br />Gold Basin Mine, LLC <br />c/o Simpson Estates, Inc. <br />30 N. La Salle St., Ste 1232 <br />Chicago, 11 60602 <br />tl 1 Cl ,2 Z -'Cy 5 <br />Re: Gold Basin Mine, Permit M -1992 -045: Incomplete Application for Transfer of Mineral Permit <br />and Succession of Operators <br />Dear Mr. Leffingwell: <br />COLORADO <br />D I V I S I O N O F <br />RECLAMATION <br />MINING <br />SAFETY <br />John W Hickenlooper <br />Governor <br />Mike King <br />Executive Director <br />Loretta E. Pmeda <br />Director <br />On February 18, 2014, the Division of Reclamation, Mining and Safety received from R Squared Incorporated, your Performance <br />Warranty, Financial Warranty and Affidavit of Authority in regards to your Application for Transfer of Mineral Permit M- 1992 -045. <br />The following items are inadequate for acceptance: <br />1. Performance Warranty is not an original document. <br />2. Financial Warranty Check for Deposit in State Treasury Third Party is not an original document. <br />These original signature documents are due prior to March 11, 2014 to complete the Application submission. <br />The submitted Affidavit of Authority is acceptable. <br />In order to complete the acceptance of this application, please return the original signature documents to the State at the above <br />address by March 11, 2014. Forms are enclosed for execution or template may be printed from http: / /mining.state.co.us , Forms, <br />Warranty Forms. <br />If you have any questions, contact me at (303) 866 -3567 ext 8148. <br />Sincerely, <br />Barbara Coria <br />Financial Assurance Specialist <br />Enclosure <br />Certified Mail No. 7012 3460 0000 6384 7898, return receipt requested <br />cc: Dustin Czapla, Division of Reclamation, Mining & Safety <br />James Van Ella <br />180 LN 200 Bass Lake <br />Angola, IN 46703 <br />j onasimpsonestates. com <br />GeorgeRobinson @R2Incorporated.com <br />Office of <br />Office of <br />Mined Land Reclamation Denver • Grand Junction • Durango Active and Inactive Mines <br />