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TATE OF COLORADO <br />DIVISION OE MINERALS AND GEOLOGY <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 />February 3, 2004 ~ <br />Mr. Eugene E. Huston <br />Elgen West Company / <br />4659 S. Yank St. <br />Morrison, CO 80465-1237 <br />Re: Superconductor <br />No. SL-1 / <br />COLORADO <br />DIVISION OF <br />MINERALS <br />GEOLOGY <br />RECLANATION•MINING <br />SAf ETY•SCIENCE <br />Bill Owens <br />Governor <br />Greg E. Walther <br />Executive Director <br />Ronald W. Cattany <br />Division Director <br />Natural Resource Trustee <br />I-10 Prospect, Notice of Intent No. P-1997-040, Financial Warranty Release, Revision <br />On January 23, 2004, the Division of Minerals and Geology approved the financial warranty release request for the <br />above prospect. You are now released from further reclamation liabHiry for this site. Enclosed is Citizens State Bank of <br />Ouray Certificate of Deposit No. 9311 (200449135), in the amount of $2,000.00. This bond is released in its entirety. <br />You should advise Citizens State Bank of Ouray of this release by copy of this letter. <br />Please contact me if you have auy questions. <br />Sincerely, <br />~~~' ~~~. <br />~G. Russell Means <br />Environmental Protection Specialist <br />Encloslue <br />CERTIFIED MAIL, NO. 7001 1140 0003 5605 5107 <br />Return Receipt Requested <br />Office of Office of Colorado <br />Mined Land Reclamation ~ Active and InaQive Mines Geological Survey <br />