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STATE OF COLORADO <br />DIVISION OF 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 />May 17, 2006 <br />Travelers Casualty and Surety Company <br />One Tower Squaze <br />Hartford, CT 06183-6014 <br />Re: Trapper Mine (Permit No. C-1981-010) <br />Bond Release Application No. 7 (SL-7) <br />Bond No. 645100739153BCA <br />Dear Sir or Madam: <br />COLORADO <br />D I V I S I O N O F <br />MIN SRALS <br />GEOLOGY <br />Bill Owens <br />Governor <br />Russell George <br />Executive Dlrectm <br />Ronald W. Catlany <br />Division Director <br />Natural Resource Trustee <br />This letter, as required by Rule 3.03.2(5)(a) of the Rules and Regulations, is to inform you that the <br />Division of Minerals and Geology has issued a proposed decision to Approve Bond Release Application <br />No. 7 for the Trapper Mine. This decision will be published in the Craig Daily Press as soon as possible. <br />Publication of the notice initiates a thirty (30} day public comment period. If, within thirty days, there are <br />no requests for an adjudicatory hearing, the decision will become final. <br />The bond for the operation is a Corporate Surety issued by your company (Bond No. <br />64S 100739153BCA), in the amount of $18,500,000.00. The proposed release amount is $371,146.00. <br />Please be aware that this notification is not a request to initiate any action by Travelers Casualty and <br />Surety Company concerning Bond No. 64S ] 00739153BCA, and is for your information only. Should <br />Trapper Mining Inc. chose to take action with regard to this bond release, they will contact you. <br />If you have questions or need additional information, please contact me. <br />Sincerely, <br />J et H. Bi s ._ <br />vironme tat Protection Specialist <br />JHB(Jrc <br />cc: Johanna R. Cramer, CDMG <br />GSL^ C1981010/HB 200W51]_IU555 PM <br />Office of <br />Mined Land Rxlamation <br />Office of <br />Active and Inactive Mines <br />Colorado <br />Geological Survey <br />