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Webster Sand & Gravel <br />145 S. Toledo <br />Leadville, CO 80461 <br />(719) 486-0427 (phone & fax) <br />Attention: Erica Crosby <br />Division Of Reclamation Mining and Safety <br />1313 Sherman St., Room215 <br />Denver, Colorado 80203 <br />April 17, 2008 <br />Re: Annual Report and Filing Fee <br />Dear Erica, <br />Hello, I hope you are doing well. I am enclosing the 2007 yearly report and filing fee. I've also <br />enclosed a map showing current mining activity. As in years past, we have not opened up any <br />new land; we are still mining the previously opened area. We are continuing to mine southward <br />from our previous position. Approximately eighty percent of our total product sold last year was <br />masonry sand. We process the top four to six feet of gravel for road base and aggregate and <br />underneath that is our main product of sand. We did not sale any fill dirt or top soil in 2007 as <br />we are saving this for future reclamation. No reclamation has occurred as there are many years <br />of product to be mined. <br />In last year's report I enclosed a list of equipment and items sold at auction in 2006. This <br />resulted in a great reduction of equipment present at the pit. I requested an adjustment on the <br />calculated cost of removal of the equipment at the pit and a corresponding reduction in the <br />required warranty bond. <br />I also requested a release of any money held in our certificate of deposit held by American <br />National Bank (financial warranty bond) over the newly calculated amount. The interest accrued <br />since the opening of the CD is growing into a sizable amount which we feel we should have <br />access to. I am requesting again that the division release this and approve future interest <br />payments to b forwarded to the Charles J. Webster Estate. I am also requestin again that the <br />division readj st the cost of equipment removal at our pit and adjust the amount of our warranty <br />bond accordin ly. Last year I did not receive a response to my requests. Please let me know <br />whether or not the division can help us in these matters. <br />Also, we are s ill in the process of funding our trusts which will be the owners of Webster Sand <br />& Gravel, LL and hope to finalize it this year. As soon as this is complete I will notify the <br />division. Th you for all of your help. If you have any questions, please call. <br />Sincerely, <br />~~ <br />aryl R. Web <br />General Mana <br />P.O. Box 183 <br />Colleyville, T <br />(817) 571-13C <br />76034 <br />(Leadville number forwarded to this number) <br />