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<br />COLORADO DIVISION OF MINERALS AND GEOLOGY <br />Office of Mined Land Reclamation <br />Michael B.. Long, Director <br />Approval <br />Basin Resources, Inc. <br />New Elk Mina (Permit No. C-81-012) <br />Transfer of Permit Rights <br />The Colorado Division of Minerals and Geology is approving an application for <br />transfer of permit rights for the New Elk Mine (Permit No. C-81-012) to Basin <br />Resources, Inc. Permit transfer is granted pursuant to the Colorado Surface <br />Coal Mining Act 34-33-101 et. sue. C.R.S. 1973 as amended and Regulation 2.08.6 <br />of the Regulations of the Colorado Mined Land Reclamation Board for Coal <br />Mining. Previous permittee and operator was Western Fuel Company. <br />The approval decision for transfer of permit rights is based on findings that <br />Basin Resources, Inc. will conduct operations in full compliance with the terms <br />and conditions of the original permit and will comply with all requirements of <br />the ,4ct and the Regulations promulgated pursuant to the Act. <br />