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STATE OF <br />DIVISION OF MINERALS AND GEOLOGY <br />Depamnenl of Natural Resources <br />1313 Shemtan St., Room 215 <br />Denver, Colorado 90203 <br />Pltora:: (303) 8663567 <br />FA%: (303) 832106 <br />/~ <br />INIiRALS <br />June 1, 2006 <br />Umetco Minerals Corporation <br />2754 Compass Dr., Ste. 280 <br />Grand Junction, CO 81506 <br />,_ ru.t,GYCIJ N, <br />J <br />'_ '~ ra <br />J <br />r- A <br />~n <br />- OI;4EtCpIq~ ~~ <br />'<; ~ ~; <br />~•~a l~ / <br />G•, 4~ ~~ <br />. ~ F. ~~,. <br />EOCOGY <br />gal o~. <br />Governor <br />Russell George <br />6scuute [Nrenar <br />RoruN w. cmrany <br />DMUan DlreROr <br />Natural Rewuroe Trustee <br />Under the terms of your Reclamation Permit and Colorado Statutes, you must submit Annual Fees and Annua] <br />Reports. You must pay the Annual Fee and submit an Annua] Report each year until reclamation responsibility <br />release is granted. The Annual Fee is not a renewal fee. The fee and the report are for i.ART VF.ARS raining <br />and reclamation season, and Mt iCT be received even if your operation was in an inactive state. The fee and <br />report are due ON (1R RFFORF you[ permit anniversary date shown below. <br />If you have requested reclamation responsibility release from the Division of Minerals and Geology (the <br />"Division") but your permit is not released by your anniversary date listed below, the annual fee IYIII.~T be <br />paid. If the permit is released before the anniversary date, then by Statute, you do not pay an annual fee or <br />submit an annual report for that year. <br />PT.F.ACF. NnTF.~ IF THE ANNUAL FEE, ANNUAL REPORT, AND A MAP ARE NOT RECENED ODi <br />OR AFFORR YOUR ANNNERSARY DATE, A FnRMAi. NnTT('F nF VinT.ATiON AND A RnARD <br />OR11FR Ill PAV C'iVII PFNAr.TTRS IN THE AMOUNT EQUAL TO THE ANNUAL FEE $550.00 WILL <br />BE AITTnMATT( AT f V ASSESSED. NO PERMITS FOR NEW MINING OPERATIONS SHALL BE <br />GRANTED TO ANY OPERATOR WHO IS CURRENTLY FOUND TO BE IN VIOLATION IN THIS <br />STATE (C.R.S. 34-32.5-120 OR C.R.S. 34-32-120) UNTIL THE VIOLATION IS ABATED. <br />Division records indicate $550.00 Fee is due <br />Permit No.: M-1977-288 <br />Operation Name: Deremo-Snyder <br />Anniversary Date: July 1, 2006 <br />Total Fee Due: $550.00 (Due on or before your Anniversary Date) <br />If your records indicate different facts than those stated above please notify the Division. <br />Please return the enclosed annual report FORM, a MAP, and a CHECK or MnNFY hRDF.R [Wade payable to <br />the Division of Minerals and Geology, 1313 Sherman St., Room 215, Denver, Colorado 80203. <br />Thank you for your cooperation in this matter. If you have any questions, please feel free to contact Michelle <br />Ramirez at (303) 866-4060. <br />Office of OHfice of Colorado <br />Mirll~pl~O9ppCt1MENTS7N-Arm.DOC Atrive arM Ina[tive Mines Geologi[al Survey <br />