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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 />COLORADO <br />D IV IS I ON OF <br />RECLAMATION <br />MINING <br />SAFETY <br />Bill Ritter, Jr. <br />Governor <br />f <br />? / ?/ Harris D. Sherman <br />March 5, 2008 1 Executive Director <br />Ronald W. Cattany <br />Gene Hollenbeck / Division Director <br />Hollenbeck, Inc. ? Natural Resource Trustee <br />P.O. Box 902 <br />Gunnison, CO 81230 <br />Re: Hollenbeck Pit, Permit No. M-1985-023, Succession of Operators Approval, Revision No. SO-2 <br />Dear Mr. Hollenbeck: <br />On March 5, 2008, the Division of Reclamation, Mining and Safety approved the succession of operators from <br />Hollenbeck, Inc. to Duane E. Hollenbeck for this operation. Duane E. Hollenbeck is now the permitted operator of the <br />Hollenbeck Pit, and as such, is responsible for all provisions in M-1985-023, as well as those specified in the Rules and <br />Regulations. <br />Enclosed are the following bond and the Performance Warranty you originally provided. <br />Bond Type Bond Number Bond Amount <br />Vectra Bank Certificate of Deposit 4949501292 $15,716.00 <br />These have been released as of March 5, 2008 Division approval for the succession of operators. You should advise your <br />bank or insurance company of this release by copy of this letter. <br />If you have any questions, please contact me. <br />Sincerely, <br />Steve S. Shuey <br />Environmental Protection Specialist <br />Enclosure <br />CERTIFIED MAIL NO. 7006 3450 0000 4880 1060 <br />Return Receipt Requested <br />Office of Office of <br />Mined Land Reclamation Denver • Grand Junction • Durango Active and Inactive Mines