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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 />Deriver, Colorado 80203 <br />Phone: (303) 866-3567 <br />FAX: (303) 832106 <br />May 29, 2007 `~ <br />COLORADO <br />DIVISION OF <br />RECLAMATION <br />MINING <br />-- be - <br />SAFETY <br />~~~ Bill Ritter, fr. <br />Governor <br />Harris D. Sherman <br />Executive Director <br />Ronald W. Cattany <br />Mr. Terry V WetZ / Division Director <br />IntematlOnal Uranlllltl (USA) Corp. Natural Resource Trustee <br />1050 Seventeenth St Ste 950 <br />Denver, CO 80265 <br />Re: Vau 4 Sbafr, Permit No. M-1997-032, Succession of Operators Approval, Revision No. SO-1 <br />Deaz Mr. Wetz: <br />On May 22, 2007, the Division of Reclamation, Mining and Safety approved the succession of operators from <br />International Uranilnn (USA) Corp. to Denison Mines (USA) Corp. for this operation. Denison Mines (USA) Corp. is <br />now the permitted operator of the Van 4 Shaft, and as such, is responsible for all provisions in M-1997-032, as well as <br />those specified in the Rules and Regulations. <br />Enclosed are the following bond and the Performance Warranty you originally provided. <br />Bond a Bond Number Bond Amount <br />National Union Fire Insurance Company of Pittsburgh, PA Corporate Surety $61,691.00 <br />These have been released as of May 22, 2007 Division approval for the succession of operators. You should advise your <br />bank or insurance company of this release by copy of this letter. <br />If you have any questions, please contact me. <br />Sincerely, <br />~G~~2~ ~L~VU~ <br />~ly~ob Oswald <br />Environmental Protection Specialist <br />Enclosures <br />CERTIFIED MAIL N0.7003 1680 0000 6427 8691 <br />Return Receipt Requested <br />Office of Office of <br />Mined Land Reclamation Denver Grand JunRion Durango Active and Inactive Mines <br />