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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 />April 6, 2009 <br />Mr. J. Scott Hazlitt <br />Capital Gold Corporation <br />PO Box 552 <br />Leadville. CO 80461 <br /> COLORADO <br /> D I V I S I ON OF <br />RECLAMATION <br />?p MINING <br />SAFETY <br /> <br />JdS (?? l S? - <br />r Bill Ritter, Jr. <br />Governor <br />?) <br />P', '?"c?. ( 6 (d (''6 Harris D. Sherman <br /> <br /> <br />J _ G?ow OF C '_!e? <br />(V/'1 L ! <br />JT Executive <br />Director <br /> <br />Poor <br />oo/? Ronald W. Cattany <br /> <br /> <br />Division Director <br />crc <br /> Natural Resou <br />N e Trustee <br /> <br />f L? ? <br />Re: Hopemore Shaft, Permit No. M-1990-057, Succession of Operators Approval, Revision No. SO-2 <br />Dear Mr. Hazlitt: <br />On April 6, 2009, the Division of Reclamation, Mining and Safety approved the succession of operators from Capital <br />Gold Corporation to Calais Resources Colorado, Inc. for this operation. Calais Resources Colorado, Inc. is now the <br />permitted operator of the Hopemore Shaft, and as such, is responsible for all provisions in M-1990-057 as well as those <br />specified in the Rules and Regulations. <br />Enclosed are the following bonds and the Performance Warranty you originally provided. <br />Bond Types Bond Numbers Bond Amounts <br />Cash Bond 6287 $46,150.00 <br />Cash Bond 6370 $35,550.00 <br />These have been released as of April 6, 2009 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 />Peter S. Hays <br />Environmental Protection Specialist <br />Enclosures <br />CERTIFIED MAIL, NO. 7006 3450 0000 4880 1459 <br />Return Receipt Requested p I ! <br />R?_??\ V, lt6 i( PO : 7006 3450 0000 4878 3809 <br />Kei?'Xrn Qce-1p-?- <br />Office of <br />Mined Land Reclamation <br />Denver • Grand Junction 9 Durango <br />Office of <br />Active and Inactive Mines