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TATE OF COLORADO <br />DIVISION OF RECLAMATION, MINING AND SAFETY f <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 />August 8, 2007 '/ <br />Ronald W. Cattany <br />Mr. Dave Walker / Division DIleROr <br />Walker Mining & Milling ,/ Natural Resource Trustee <br />P.O. Box 650532 <br />Vero Beach, FL 32965-0532 / J `~ <br />Re: Ruby Trust Mine, Permit No. M-1979-181, Succession of Operators Approval, Revision No. SO-1 <br />Deaz Mr. Walker: <br />On August 8, 2007, the Division of Reclamation, Mining and Safety approved the succession of operators from Walker <br />Mining & Milling to Mount Sneffels Mining Company, LLC for this operation. Mount Sneffels Mining Company, LLC <br />is now the permitted operator of the Ruby Trust Mine, and as such, is responsible for all provisions in M-1979-181, as <br />well as those specified in the Rules and Regulations. <br />~-y ~/ Bill Ritter, lr. <br />/~ // vt\I~ Governor <br />IVr,11 ~~ J Harris D. Sherman <br />Executive Director <br />COLORADO <br />DIVISION Of <br />RECLAMATION <br />MINING <br />- &- <br />SAFETY <br />Enclosed aze the following bonds and the Performance Warranty you originally provided. <br />Bond Tvoes <br />Bond Numbers <br />Bond Amounts <br />Community First Bank Certificate of Deposit <br />Community First Bank Certificate of Deposit <br />4289020173 <br />472084 <br />$6,981.00 <br />$9,481 <br />These have been released as of August 8, 2007 Division approval for the succession of operators. You should advise <br />your bank or inswance company of this release by copy of this letter. <br />If you have any questions, please contact me. <br />Sincerely, <br />Wallace H. Erickson <br />Environmental Protection Specialist <br />Enclosures <br />CERTIFIED MAII. NO. 7006 0100 0001 7731 2946 <br />Return Receipt Requested <br />Office of Office of <br />Mined Land Rxlamation Denver 1 Grand junction • Durango Active and Inactive Mines <br />