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STATE OF COLOMDO <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 />March 18, 2010 <br />First National Bank of Durango <br />Attn.: Mr. Randy Hagen <br />P.O. Box 2910 <br />Durango, CO 81302 <br />MAR `L 5 2010 <br />DiviEaon of K"101*?O*' <br />ig and SSW <br />RE: Withdraw of Notice of Possible Forfeiture of Financial Warranty, <br />------------------- <br />Certificate of Deposit Numbers 24457 and 26393, <br />Wildcat Mining Corporation, May Day Mine; Permit No. M-1981-185. <br />Dear Mr. Hagen: <br />COLORADO <br />D I V I S I O N Of <br />RECLAMATION <br />MINING <br />SAFETY <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 />in a letter dated March 12, 2010, the Division provided notice of possible forfeiture of financial warranty <br />involving the two certificates of deposits referenced above. Please note that the Division has withdrawn <br />the enforcement action against Wildcat Mining Corporation and hereby withdraws its notice of possible <br />forfeiture previously provided to First National Bank of Durango. There will be no Formal Board Hearing <br />on April 14-15, 2010, involving Wildcat Mining Corporation or the financial warranty involving the two <br />certificates of deposit held by First National Bank of Durango. Please find enclosed, copy of the notice of <br />withdraw of the Division's reason to believe a violation exists, addressed to Wildcat Mining Corporation <br />and dated March 17, 2010. <br />Please contact me at the Division's office in Durango at 691 County Road 233, Suite A-2, Durango, CO <br />81301, phone (970) 247-5469, if you have any questions. <br />Sincerely, <br />Wallace H. Erickson <br />Environmental Protection Specialist <br />Enclosure <br />cc by electronic transmission: <br />Steve Shuey <br />Elizabeth Merry <br />Office of Office of <br />Mined Land Reclamation Denver • Grand Junction • Durango Active and Inactive Mines