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IVISION 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 4, 2009 c/ <br />Diane Delaney <br />Pitkin Iron Corporation <br />1317 Grand Avenue, Suite 228 <br />P.O. Box 2115 <br />Glenwood Springs, CO 81602 <br />STATE OF COLORADO <br />COLORADO <br />D I V I S 10 N OF <br />RECLAMATION <br />MINING <br />SAFETY <br /> <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: Mid-Continent LST, Permit No. M-1982-121, Succession of Operators Approval Revision No. SO-2 <br />Dear Ms. Delaney: <br />On February 2, 2009, the Division of Reclamation, Mining and Safety approved the succession of operators from Pitkin <br />Iron Corporation to Calx Minerals, LLC for this operation. Calx Minerals, LLC is now the permitted operator of the <br />Mid-Continent LST, and as such, is responsible for all provisions in M-1982-121, as well as those specified in the Rules <br />and Regulations. <br />Enclosed are the following bond and the Performance Warranty you originally provided. <br />Bond Tyne Bond Number <br />Bond Amount <br />Travelers Casualty and Surety Company of America Corporate Surety 19S I O3569783BCM $27,240.20 <br />These have been released as of February 2, 2009 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 />`?( G. Russell Means <br />Environmental Protection Specialist <br />Enclosure <br />CERTIFIED MAIL NO. 7008 1140 0004 5015 2781 <br />Return Receipt Requested <br />Office of <br />AA;-A 1 -4 oo,.i,-.:.,... ne...,o. -.,..a ?.,.,,..:,,.. .?..,, Office of