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TATE OF COLORADO <br />DIVISION OF RECLAMATION, MINING AND SAFETY <br />Department of Natural Resources <br />1313 Sherman St., Room 215 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3567 <br />FAX: (303) 832-8106 <br />l/ <br />December 6, 2007 <br />Mr. John H. Ferguson <br />Shalako International Inc ? <br />P.O. Box 2030 <br />D CO 81302 <br />00) Lj a <br />. ? 1 <br />q ??- <br />G <br />reb(M Vj <br />COLORADO <br />D I V I S I O N OF <br />RECLAMATION <br />MINING <br />SAFETY <br />Bill Ritter, Jr <br />Governor <br />Harris D. Sherman <br />Executive Director <br />Ronald W. Cattany <br />Division Director <br />Natural Resource Trustee <br />urango, <br />Re: May Day Mine, Permit No. M-1981-185, Succession of Operators Approval, Revision No. SO-2 <br />Dear Mr. Ferguson: <br />On March 2, 2007, the Division of Reclamation, Mining and Safety approved the succession of operators from Shalako <br />International Inc to Wildcat Mining Corporation for this operation. Wildcat Mining Corporation is now the permitted <br />operator of the May Day Mine, and as such, is responsible for all provisions in M-1981-185, as well as those specified in <br />the Rules and Regulations. <br />The following Financial Warranty has been released as of March 2, 2007 Division approval for the succession of <br />operators. You should advise your bank or insurance company of this release by copy of this letter. <br />Bond Tvne Bond Number Bond Amount <br />Bank of Colorado Certificate of Deposit 8300010725 $5,000.00 <br />If you have any questions, please contact Elizabeth Taliaferro, Minerals Program Assistant for the Division, at 303-866- <br />4084. <br />S' rely <br />'X `? <br />Ronald W. Cattany <br />Director of Division of Reclamation, Mining and Safety <br />CERTIFIED MAIL NO. 7005 3110 0000 2197 9775 <br />Return Receipt Requested <br />Office of <br />Office of ArtivP and Inartiva Mines <br />MinPri I anri RPrlaMatlnn nPnvPr • Grand lunrtion • ntiraneo