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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 />DIVISION o r <br />Denver, Colorado 80203 <br />Phone: (303) 866-3567 MINERAL S <br />FAX: (303)832-8106 & <br /> GEOLOGY <br /> RECLAMATION <br /> MINING•SAFETY <br />Apri13Q 2003 / Bi(I Owens <br /> Governor <br />Mr. Ed Baker Greg E. Wal<her <br />White River Nahcolite Minerals '~ Executive Director <br />Ronald W. Cattany <br />3200 CR 31 Division Director <br />Rifle, CO 81650- <br />/ ,/ <br />Re: Nahcolite Project, Permit No. M-19$3-194, Succession of perators Approval, Revision No. SO-3 <br />Dear Mr. Baker: <br />On April 30, 2003, the Division of Minerals and Geology approved the succession of operators from White River <br />Nahcolite Minerals to Natwal Soda AALA, Inc. for the Nahcolite Project, Permit No. M-1983-194 Natural Soda <br />AALA, Inc. is now the permitted operator of the Nahcohte Project, and as such, is responsible for all provisions <br />in Permit No. M-1983-194, as well as those specified in the Rules and Regulations. <br />Letter of Credit No. P-219116, in the amoum of $150,750.00, has been returned to JPMorgan Chase Bank, C/O <br />JPMorgan Treasury Services, Standby Letter of Credit Department, 4's Floor, 10420 Highland Manor Drive, <br />Tampa, Florida 33610, per your instructions in the letter the Division received on April 30, 2003. The <br />Perfomiauce Warranty, which was originally provided, was released as of April 30, 2003 Division approval for <br />the succession of operators. <br />If you have any questions, please contact me. <br />,~Si~ncepprely, <br />{~ Carl B. Mount <br />Senior Environmental Protection Specialist <br />Enclosures <br />CERTIFIED MAIL NO. 7001 2510 0004 2147 9342 <br />Return Receipt Requested <br />ce: Jeanine Feriancek, Hofland & Hart LLP <br />