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STATE OF COLOI~DO <br />DIVISION QF MINERALS AND GEOLOGY ~-/~ <br />Department o~ Natural Resources <br />1313 Sherman SL, Room 215 <br />Uertver, Colorado 80203 <br />Plane: (303) 6663567 <br />FAX: (303) 832$106 <br />May 19, 2006 <br /> <br />~, ~~~ <br />RADO <br />ON OF <br />RALS <br />GEOLOGY <br />AECEAMATION•NINING <br />EAFETT•SCIFNCE <br />sill Owens <br />Goverlar <br />Russell George <br />Ezeculive Director <br />Roruld W. camany <br />Mr, James VanElla oivlEim Directq <br />Natural Resounx Trustee <br />P.O. BOX 2221 <br />Granite, CO 81228 / ~~ <br />Re: Gold Basin Mine, Permit No. M-1992-045, Succession of Operators Approval, Revision No. SO-1~-- <br />Dear Mr. VanElla; <br />On May 17, 2006, the Division of Minerals and Geology approved the succession of operators from James VanElla to <br />Gold Mountain Metals, Inc. for this operation. Gold Mountain Metals, Inc. is now the pelnlitted operator of the Gold <br />Basin Mine, and as such, is responsible for all provisions in M-1992-045, as well as those specified in the Rules and <br />Regulations. <br />Enclosed aze the following bond and the Performance Warranty you originally provided. <br />First Federal Savings $ank 692JV1095 $3,400.00 <br />These have been released as of May 17, 2006 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 />~~~~~' -- <br />Carl B. Mount <br />Senior Environmental Protection Specialist <br />Enclosures <br />CERTIFIED MAIL NO. 7003 1680 0000 6431 6508 <br />Retum Receipt Requested <br />Office of Office of Colorado <br />Mined Land Reclamation Active and Inanive Mines Geological Survey <br />