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AVCOLORADO <br />Division of Reclamation, <br />Mining and Safety <br />Department of Natural Resources <br />1313 Sherman Street, Room 215 <br />Denver, CO 80203 <br />August 26, 2014 <br />Mr. Jerald Schnabel <br />Transit Mix Concrete Co. <br />444 East Costilla <br />Colorado Springs, CO 80903 <br />Re: Hitch Rack Ranch, NOI File No. P- 2014 -016; <br />Financial Warranty Acceptance, Exploration Notice Approved <br />Dear Mr. Schnabel, <br />The Division of Reclamation, Mining and Safety (Division) has accepted the One Site Prospecting <br />Financial Warranty that was delivered by you on August 25, 2014. This satisfies the final requirement <br />that the Division needed to be able to approve the Prospecting Notice of Intent (NOI). <br />The NOI is approved as of the date of this letter, and exploration activities may commence. <br />Please be aware that an annual report and annual fee will be due every year on the anniversary of this <br />date, until such time that the NOI is terminated and fully released. A request for such report and fee will <br />be mailed to you prior to the anniversary date, at your address of record. <br />If you have any questions, please contact me (303- 866 -3567 ext. 8169). <br />Sincerely, <br />Timothy . Cazier, P.E. <br />Environmental Protection Specialist <br />Enclosure <br />ec: Tom Kaldenbach, DRMS <br />Barbara Coria, DRMS <br />DRMS file <br />(M:\Min \TCI\ El Paso\P -14 -16 Hitch Rock Ranch\P -14 -16 Final Appr.docx) <br />1313 Sherman Street, Room 215, Denver, CO 80203 P 303.866.3567 F 303.832.8106 http: / /mining.state.co.us <br />John W. Hickentooper, Governor I Mike King, Executive Director I Virginia Brannon, Director <br />°F c -ZO <br />Jo <br />1876 <br />