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COLORADO <br /> - Division of Reclamation, <br /> Mining and Safety <br /> Department of Natural Resources <br /> January 28, 2021 <br /> Mr. Gus Gaviotis FTE Vpy <br /> Cotter Corporation <br /> 7800 E.Dorado Place,Ste 210 <br /> Englewood,CO 80111 <br /> Re: Permit No.M-1977-451,C-SR-11 Mine,San Miguel County <br /> Succession of Operators Approval,Revision SO-2 <br /> Dear Mr. Gaviotis, <br /> On January 28, 2021 the Division of Reclamation, Mining and Safety approved the succession of operator <br /> from Cotter Corporation to Highbury Resources Inc. for this operation. Highbury Resources Inc. is now the <br /> permitted operator of C-SR-1 I Mine,and as such, is responsible for all provisions in M-1977-451 as well as <br /> those specified in the Rules and Regulations. <br /> This bond has been updated as of January 28, 2021 with the Division approval for the succession of operator. <br /> In order to release the funds,please send an updated W-9 form signed in blue ink to my attention at the <br /> address listed on the bottom of this page. You may instead email an Adobe certified,electronically signed <br /> W-9 to sarastevenson-benn@state.co.us. <br /> If you have any questions, please contact me at the email address above. <br /> Sincerely, <br /> ara Stevenson-Bean <br /> Financial Warranty Specialist <br /> Cc: Dustin Czapla,Environmental Protection Specialist <br /> Enclosures <br /> R-F <br /> 01 <br /> 1313 Sherman Street, Room 215, Denver,CO 80203 P 303.866.3567 F 303.832.8106 http://mining.state.co.us iJared S. Polis, Governor i Dan Gibbs, Executive Director t Virginia Brannon, Director <br />