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STATE OF COLORADO <br />DIVISION OF RECLAMATION, MINING AND SAFETY <br />Deparitnent of Natural Resolrnes <br />1313 Sherman SL, Room 215 <br />Denver, Colorado 80203 D COLORADO <br />DIVISION OF <br />F <br />Phone- (303)8663567 RECLAMATION <br />FAX (303) 832-8106 MINI NG <br />September - ?- <br />1, 2009 SAFETY <br />Precious Offerings Mineral Exchange, Inc. Bill Ritter, Jr. <br />200 Alder Ln Governor <br />Boulder, CO 80304 Harris D. Sherman <br />Executive Director <br />NWfQ LAND RECLAMATION BOARD Ronald w. caMM <br />110(2) ANNUAL FEE INVOICE AND REPORT REQUEST Division Director <br />Natural Resource Trustee <br />PLEASE READ CAREFULLY <br />Under the terms of your Reclamation Permit and Colorado Statutes, you must submit Annual Fees and Annual <br />Reports. You must pay the Annual Fee and submitan Annual Report each year until reclamation responsibility - <br />release is granted. The Annual Fee is not a renewal fee. The fee and the report are for LAST YEARS mining <br />and reclamation season, and MUST be received even if your operation was in an inactive state. The fee and <br />report are due ON OR BEFORE your permit amuversary date shown below. The Annual Report and Fee <br />requirement is not met until we have received the following components: fee, report, and associated <br />man. If so new disturbances or reclamation have occurred duriua the arevkm year and no new chances <br />to the preview year's may are necessary, then so new nun is reouired. provided that the Operator shall <br />state this io the Annual Report. <br />If you have requested reclamation responsibility release from the Division of Reclamation, Mining and Safety <br />(the "Division") but your permit is not released by your anniversary date listed below, the annual fee MUST be <br />paid. If the permit is released before the anniversary date, then by Statute, you do not pay an annual fee or <br />submit an-annual report for that year. <br />PLEASE NOTE: IF THE ANNUAL FEE, ANNUAL REPORT, AND A MAP ARE NOT RECEIVED ON <br />OR BEFORE YOUR ANNIVERSARY DATE, A FORMAL NOTICE OF VIOLATION AND A BOARD <br />ORDER TO PAY CIVIL PENALTIES IN THE AMOUNT EQUAL TO THE ANNUAL FEE $$259.00 WILL <br />BE AUTOMATICALLY ASSESSED. NO PERMITS FOR NEW MINING OPERATIONS SHALL BE <br />GRANTED TO ANY OPERATOR WHO IS CURRENTLY FOUND TO BE IN VIOLATION IN THIS <br />STATE (CILS. 3432.5-120 OR C.R.S. 3432-120) UNTIL THE VIOLATION IS ABATED. <br />Division records indicate $259.00 fee is due <br />Permit No.: M-1999-074 <br />Operation Name: Brown Derby Mine <br />Anniversary Date: October 20, 2009 <br />Total Fee Due: $259.00 (Due on or before your Anniversary Date) <br />If your records indicate different facts than those stated above please notify the Division. <br />Please return the enclosed annual report FOR a MAP, and a CHECK or MONEY ORDER made payable to <br />the Division of Reclamation, Miming and Safety, 1313 Sherman St, Room 215, Denver, Colorado 80203. <br />Thank you for your cooperation in this matter. If you have any questions, please feel free to contact Mary <br />Rodriguez at (303) 866-3567 ext. 8138. <br />Office of Office of <br />Mi Denver - Gr&W junction • Durango Active and Inactive Mines