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(Page 3) <br />MINE ID # OR PROSPECTING ID # M-1989-024 <br />INSPECTION DATE 06/17/10 <br />INSPECTOR'S INITIALS PSH <br />The following problems (PB) and/or possible violations (PV) (and suggested corrective actions) were identified <br />during this inspection. The problems should be corrected by the dates given, or they will become possible <br />violations. The possible violations should be corrected by the dates given to reduce their severity when <br />considered by the Mined Land Reclamation Board. The inspector noted on the previous page should be notified <br />of all corrective actions taken. <br />PROBLEMS/POSSIBLE VIOLATIONS <br />AND <br />CORRECTIVE ACTIONS <br />CORRECTIVE DATE: 07/19/2010 <br />PB or PV: PB <br />TOPIC: FN <br />1. PROBLEM <br />The Pueblo Bank & Trust Company has notified the Division of the cancellation of Letter of Credit No. 396 in <br />the amount of $5,000.00, effective July 19, 2010. <br />CORRECTIVE ACTION: <br />Submit a substitute Financial Warranty in the amount of $5,000.00 by July 19, 2010. Please contact Ms. <br />Elizabeth Merry if you wish to use a different method for posting the required Financial Warranty, as <br />described under Rule 4.3 of the Rules and Regulations, for the applicable forms or if you have any <br />questions.