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STATE OF COLORADO <br />DIVISION OF RECLAMATION, MINING AND SAFETY / <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 />October 25, 2007 <br />Mr. J. Scott Hazlitt I/ <br />Capital Gold Corporation <br />P.O. Box 552 <br />r~ <br />~~-~ 1 <br />~LS 1 <br />GSA, C~v~ <br />COLORADO <br />DIVISION OF <br />RECLAMATION <br />MINING <br />SA ETY <br />Bill Ritter, Ir. <br />Governor <br />Harris D. Sherman <br />Ezecmive Director <br />Ronald W. Cattany <br />Division Direttor <br />Leadvdle, CO $0461 / Natural Resource Trustee <br />Re: Hopemore Shaft, Permit No. M-1990-057, Submittal of Operators Application and Perfotwance Warranty <br />Deaz Mr. Hazlitt: <br />On October 1, 2007, the Division of Reclamation, Mining and Safety received a Succession of Operators Application, a <br />Performance Warranty, and a $100.00 application fee for the Hopemore Shaft, Permit No. M-1990-057. On October 22, <br />2007, the Division received a supplemental $15.00 application fee. The Division is returning the Succession of Operators <br />Application and Performance Warranty for the following: <br />Succession of Operators Apolication <br />The Division requves the successor operator company to be listed in "good standmg" with the State of Colorado <br />Secretary of State's office. Currently, the Secretary of State's office shows that Capital Gold Corporation terminated <br />its application with then office on November 9, 2004 and now holds a "withdrawn" status. <br />The Division requires notarization for a representative ofthe permitee company (i.e. "Leadville Mining & Milling <br />Corporation"), rather than for the successor company (i.e. "Capital Gold Corporation"), within the "Notary for <br />Permittee" section on page 5. <br />The Division requires completion of the "Notary for Successor" section on page 5. <br />Performance Warranty: <br />The Division requires completion of page 3. <br />Upon correction, please return these documents to my attention. <br />If you have any questions, please do not hesitate to call me at (303) 866-4084. <br />Sincerely, <br />~~; c~C ~~~~t.~A~ <br />Elizabeth Taliaferro <br />Program Assistant <br />Enclosures <br />Office of Office of <br />Mined Land Reclamation Denver Grand function Durango Active and Inactive Mines <br />