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~~ <br />~: <br />f <br />Page 3 <br />February 28, 2008 <br />Environmental Policy Point Letter <br />For Mr. Ron Cattany <br />By: Tom Hendricks <br />Caribou District MinesJWestern Boulder County <br />6. The Company plans to make small quantities of high quality, clean granite <br />rock, crushed and available for the Boulder County Road Department and the <br />US Forest Service for use on adjacent and local road improvements, thus helping <br />to eliminate the high cost and environmental concerns of trucking road base <br />materiaL4 from east Boulder and Denver to the Nederland area <br />6. The bulk of the pilot plant mine will run off of clean, ezisting electric power. <br />Summary: <br />We are dedicated to meeting or ezceeding all permit requirements for this <br />ezciting project. Worker safety and clean neat working conditions are key to oar <br />operations. Using state of the art technology and professional assistance from <br />skilled outsiders will help ns ensure and maintain environmental ezceilence bout <br />daring constraction, operations and during post mining activities and for final <br />reclamation: The many goals listed above and new ones yet to come for <br />commanity involvement and district preservation oar key to our operational <br />principles. We also have a strong commitment to our loyal shareholders to <br />provide the mazimum return for their loyalty and investment in our company. <br />By adhering to all of the above practices and poGeies we believe this on going <br />operation will prove to be a win/win for everyone, and most importantly the <br />CC: Calais Board of Directors <br />Boulder County Government <br />Nederland Town Government <br />Nederland Organizations <br />Mr. John R. Henderson <br />Walsh Environmental Scientists and Engineers <br />RDI, Inc. <br />SRK, Inc. <br />Behrent Engineering <br />Jacobs JE Engineering <br />Carl Mount DMG <br />