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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 />January 12, 2009 <br />(y' <br />COLORADO <br />DIVISION OF <br />RECLAMATION <br />MINING <br />SAFETY <br />Bill Ritter, Jr. <br />Governor <br />Harris D. Sherman <br />Executive Director <br />Steven M. Ryba r? Ronald W. Cattany <br />Gold Mountain Metals, Inc. Division Director <br />P.O. Box 29 Natural Resource Trustee <br />Sharon Center, OH 44274 <br />Re: Gold Basin Mine, Permit No. M-1992-045, Succession of Operators Approval, Revision No. SO-2 <br />Dear Mr. Ryba: <br />On December 26, 2008, the Division of Reclamation, Mining and Safety approved the succession of operators from Gold <br />Mountain Metals, Inc. to James VanElla for this operation. James VanElla is now the permitted operator of the Gold <br />Basin Mine, and as such, is responsible for all provisions in M-1992-045, as well as those specified in the Rules and <br />Regulations. <br />Enclosed are the following bondand the Performance Warranty you originally provided. <br />Bond Type Bond Number Bond Amount <br />Cash Bond CA1992045 $3,400.00 <br />Cash Bond 5227102 $500.00 <br />These have been released as of December 26, 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 />-RrSteve S. Shuey 1 <br />Senior Environmental Protection Specialist <br />Enclosures <br />CERTIFIED MAIL NO. 7008 1140 0003 4437 2837 <br />Return Receipt Requested <br />Office of Office of <br />Mined Land Reclamation Denver • Grand Junction • Durango Active and Inactive Mines