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STATE OF COLORADO <br />DIVISION OF RECLAMATION, MINING AND SAFETY <br />Department of Natural Resources <br />1313 Sherman St., Room 215 <br />Denver, Colorado 80203 COLORADO <br />Phone: (303) 866-3567 I V I S I O N O P <br /> <br />FAX: (303) 832-8106 RECLAMATION <br /> MINING <br /> <br /> SAFETY <br />April 15, 2009 <br />Bill Ritter, Jr. <br />Ron Thompson Governor <br />Basin Resources, Inc. Harris D. Sherman <br />c/o Peak Project Management Executive Director <br />34115 County Road 20.8 Ronald W. Cattany <br />Trinidad CO 81082 Division Director <br />Natural Resource Trustee <br />RE: 2007 ARR Review, Golden Eagle Mine, #C-81-013 <br />Dear Mr. Thompson: <br />The Division has completed review of the 2007 Annual Reclamation Report for the Golden Eagle mine. <br />Surety Release No. 6 (SL-06) was pending, awaiting a proposed decision, at the end of 2007. Reclaimed <br />acreage status remains unchanged from 2006, as shown below. <br />Golden Eagle Bond Release Status <br />Achieved Achieved Achieved <br />Description Acres Phase I Phase II Phase III <br />Main Facility 51.4 51.4 51.4 0 <br />Ponds 3 and 4 5.6 0 0 0 <br />RR track 0.1 0 0 0 <br />NW-1 vent 1.2 1.2 0 0 <br />Apache shafts 1.15 1.15 1.15 1.15 <br />Roads and pads 6.72 6.72 6.72 6.72 <br />Totals 66.17 60.47 59.27 7.87 <br />Thank you for completing your reclamation reporting in a timely manner. We have no further questions at <br />this time. <br />Sincerel , <br />Kent orham <br />Environmental Protection Specialist III <br />Office of Office of <br />Mined Land Reclamation Denver • Grand Junction Durango Active and Inactive Mines