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STATE OF COLORADO <br />DIVISION OF RECLAMATION, MINING AND SAFETY tl <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 />Pi~~~ ~©~ Gl~ ~ <br />COLORADO <br />DIVISION O F <br />RECLAMATION <br />MINING <br />SAFETY <br />Bill Ritter, Jr. <br />Governor <br />May 29, 2007 ~ <br />Harris D. Sherman <br />Executive Director <br />Ronald W. Cattany <br />Mr. Terry V. WetZ Division Director <br />International Uranium (USA) Corp. Natural Resource Trustee <br />Independence Plaza, 950 <br />1050 Seventeenth St. <br />Denver, CO 80265 ~ - <br />Re: St Jude Mine, Permit No. M-1978-039-HR, Succession of Operators Approval, Revision No. SO-4 <br />Dear Mr. Wetz: <br />On May 22, 2007, the Division of Reclamation, Mining and Safety approved the succession of operators from <br />International Uranium (USA) Corp. to Denison Mines (USA) Corp. for this operation. Denison Mines (LISA) Corp. is <br />now the permitted operator of the St Jude Mine, and as such, is responsible for all provisions in M-1978-039-HR, as well <br />as those specified in the Rules and Regulations. <br />Enclosed aze the following bond and the Performance Warranty you originally provided. <br />Bond 'IWoe Bond Number Bond Amount <br />National Union Fire Insurance Company of Pittsburgh, PA Corporate Surety 16-67-22 $19,402.00 <br />These have been released as of May 22, 2007 Division approval for the succession of operators. You should advise your <br />bank or insurance company of this release by copy of this letter. <br />If you have any questions, please contact me. <br />Sincerely, <br />- n ~ Bob. Oswald <br />Environmental Protection Specialist <br />Enclosures <br />CERTIFIED MAIL N0.7003 1680 0000 6427 8707 <br />Return Receipt Requested <br />Office of Office of <br />Mined Land Reclamation Denver Grand Junction Durango Active and Inactive Mines <br />