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CUEURADU <br />DiviaiUlL UI 1{eC1a1«atiUii_ <br />Mining and Safety <br />Depart.t ..e„t of Natural RCu7UMZ5 <br />1313 Sherman street, Room z15 <br />Denver, Cu 80203 <br />January 14, ZU16 <br />Julio Madrid <br />Battle Mountain Resources, Inc. <br />P.U. 6ux 31U <br />San Cuis, LU Fs115Z-U31u <br />RE: Approval of AR -03, San Luis Project, Permit No. M-1988-112 <br />Dear Mr. Maarid: <br />On January 11, 2016, the Division completed its review of the acreage reduction request <br />addressing the release of 716.58 acres tram the permit area (AR -03), and approved the <br />acreage reductiun request. AR -U3 was uriginally tiled with the Divisiun on ULtu6er 1, <br />2u15. with the approval of AR -03 the permit area has been reduced from 1,7b5.86 <br />acres to 1,049.28 acres. Congratulations on successfully completing reclamation fur a <br />substantial portion of the attected lands. <br />There is no adjustment in the tinanLiai warranty assuLiated with Art -u3. i hereture, the <br />uperator is required tu maintain the $i.4 million financial warranty currently held by <br />the Division. Additionally, until the Operator completes reclamation for all affected <br />lands and secares the Division's approval tar termination at the permit, the Operator is <br />u6ligated to cuntinue to submit an annual report, map and tee earn year, on the <br />anniversary date of the permit. <br />Sincerely, <br />Wallace H. Erickson <br />Senior Environmental Protection Specialist <br />6F `�Zo <br />r �h�l <br />1313 merman Street, ROOM Z15, Denver, CU UuZU3 P 3U3.366.356/ F JU3.83Z.8IU5 Rttp:itmining.state.co.us <br />auRn w. RicREMLOUper, Ur-Ernur I MiQc Riflr„ tnc%Otirc DdECtvr I v rg;n;a 6rannun, U;rcCtvr X876 <br />