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COLORADO <br />Division of Reclamation, <br />Mining and Safety <br />Department of Natural Resources <br />1313 Sherman Street, Room 215 <br />Denver, CO 80203 <br />February 12, 2016 <br />Paul F Martin <br />DGMC <br />125 W. Main Street <br />Farmington, NM 87401 <br />Re: Incas Mine, Permit M-1986-076, Succession of Operators Approval, Revision SO -2 <br />Dear Mr. Martin: <br />On February 10, 2016, the Division of Reclamation, Mining and Safety approved the succession of operators <br />from DGMC to Michael McClure for this operation. Michael McClure is now the permitted operator of the <br />Incas Mine, and as such, is responsible for all provisions in M-1986-076, as well as those specified in the <br />Rules and Regulations. <br />Enclosed are the following bond(s) and the Performance Warranty you originally provided. <br />Bond Tvpe(s) Bond Number(s) Bond Amount(s) <br />Financial Warranty Check for Deposit State Treasury by James Bender <br /> $12,000.00 <br />These have been released as of February 10, 2016 Division approval for the succession of operators. Bond <br />2269 will be returned to James Bender. A copy of your Irrevocable Letter of Credit is enclosed. The original is <br />being returned to Animas Credit Union for release. You should verify with your Credit Union of this release <br />by copy of this letter. <br />If you have any questions, please contact me. <br />Sincerely, <br />Lucas J. West <br />Environmental Protection Specialist <br />Enclosures <br />Cc: Russ Means, Division of Reclamation, Mining and Safety <br />CERTIFIED MAIL #714 2102 0001 8040 1825, Return Receipt Requested <br />Walt Taylor, Animas Credit Union, 2101 E. 20th , Farmington, New Mexico 87401 <br />CERTIFIED MAIL #714 2102 0001 8040 7216, Return Receipt Requested <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 1 Mike King, Executive Director 1 Virginia Brannon, Director <br />