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COMM- <br />January 8, 2009 <br />Division of Reclamation, Mining, and Safety <br />Department of Natural Resources <br />Attn: Mary Rodriguez <br />1313 Sherman Street, Room 215 <br />Denver, CO 80203 <br />Subject: Ike No. 1 Mine Annual Report <br />File No. M-1977-451 <br />Dear Ms. Rodriguez: <br />The Ike No.' 1 Mine is located in San Miguel County and operates <br />under a 112 permit with a permitted acreage of 13.3 acres. This <br />mine has a phased reclamation plan. <br />There were no additional acres affected during the report year, and <br />no additional disturbance is anticipated for the upcoming year. A <br />new map is not included as no changes have occurred since the last <br />report. This mine operates as an intermittent operation, per the <br />Division's approval. <br />The sufficiency of the financial warranty for the above captioned <br />permit has been reviewed by DRMS and Cotter Corporation and was <br />found sufficient to cover the reclamation costs associated with <br />this property. <br />Enclosed please find a check in the amount of $633.00 as payment <br />for the annual fee. <br />If you need additional information, please call me at 970-864-7347. <br />Sincerely, r <br />Glen Williams <br />Manager of Mining- <br />COTTER CORPORATION <br />DRMSSR1109.doc <br />Cotter Corporation - West Slope Operations Telephone (970) 864-7347 <br />P.O. Box 700, 28151 DD Road, Nucla, CO 81424 USA Fax (970) 864-7287