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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) 8663567 <br />FAX: (303) 832-8106 <br />April 18, 2006 ~ <br />COLORADO <br />DIVISION O F <br />MINEBRALS <br />GEOLOGY <br />0.ECEAM ATION•NINING <br />SAiET1•SOENCE <br />Bill Owens <br />Governor <br />Russell George <br />EzeMive Director <br />Mr. Albert R. Frei Ronald w. canary <br />Division Director <br />Albert Frei & Sons, Inc. ~ Natural Resource Trustee <br />P.O. BOX 700 <br />Henderson, CO 80640-0700 <br />./ / ~/ <br />Re: M & G Pit, Permit No. M-1986-079, Succession of Operators Approval, Revision No. SO-1 <br />Dear Mr. Frei: <br />On Mazch 24, 2006, the IJivision of Minerals and Geology approved the succession of operators from Albert Frei & <br />Sons, Inc. to Lafazge West, Inc. for this operation. Lafazge West, Inc. is now the permitted operator of the M & G Pit, <br />and as such, is responsible for all provisions in M-1986-079, as well as those specified in the Rules and Regulations. <br />Enclosed are the following bond and the Performance Warranty you originally provided. <br />California Bank & Trust Irrevocable Letter of Credit SB99-9263 $39,000.00 <br />These have been released as of Mazch 24, 2006 Division approval for the succession of operators. You should advise <br />yolu bank or insluance company of this release by copy of this letter. <br />If you have any questions, please contact me. <br />~Sin~cerely, <br />/ `J"~ ~ . <br />~ 6~ v H, Brg~ Humphries <br />Minerals Program Supervisor <br />Enclosures <br />CERTIFIED MAII. N0.7003 1680 0000 6431 5716 <br />Return Receipt Requested <br />Office of Office of Colorado <br />Mined Land Reclamation Active and Inactive Mines Geological Survey <br />