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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 />February 1, 2008 <br />Christopher Morris <br />P C Management, Inc. <br />422 E Vermijo, Ste 311 <br />Colorado Springs CO 80903 <br />yN ,t?? ?1 ?n? bIVV ti <br />COLORADO <br />D I V1 S I ON 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 />Re: Flag Creek Mine, Permit No. M-1997-098, Succession of Operators Approval, Revision No. SO-2 <br />Dear Mr. Morris: <br />On February 1, 2008, the Division of Reclamation, Mining and Safety approved the succession of operators from P C <br />Management, Inc. to Flat Top Flagstone, LLC for this operation. Flat Top Flagstone, LLC is now the permitted operator <br />of the Flag Creek Mine, and as such, is responsible for all provisions in M-1997-098, as well as those specified in the <br />Rules and Regulations. <br />Enclosed are the following bond and the Performance Warranty you originally provided. <br />Bond Tvge Bond Number Bond Amount <br />Pioneer General Insurance Company Corporate Surety 17460 $35,100.00 <br />These have been released as of February 1, 2008 Division approval for the succession of operators. You should advise <br />your bank or insurance company of this release by copy of this letter. <br />If you have any questions, please contact me. <br />Sincerely, <br />l/CJ <br />Travis H. Marshall <br />Environmental Protection Specialist <br />Enclosure <br />CERTIFIED MAIL NO. 7006 3450 0000 4878 2888 <br />Return Receipt Requested <br />Office of Office of <br />Mined Land Reclamation Denver • Grand Junction • Durango Active and Inactive Mines