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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 COL O RA D O <br />D I V I S I ON OF <br />Phone: (303) 866-3567 RECLAMATION <br />FAX: (303) 832-8106 MINING <br />SAFETY <br />Bill Ritter, Jr. <br />S Governor <br />James B. Martin <br />August 3, 2010 U Executive Director <br />Loretta E. Pineda <br />R.T. Heard Director <br />Mount Royale Ventures, LLC <br />P.O. Box 19754 <br />Boulder, CO 80308 ? ? <br />Re: Cash & Who Do Mines, Permit No. M-1983-141, Succession of Operators Approval, Revision No. SO-6 <br />Dear Mr. Heard: <br />On August 2, 2010, the Division of Reclamation, Mining and Safety approved the succession of operators from Mount <br />Royale Ventures, LLC to AGC Resources LLC for this operation. AGC Resources LLC is now the permitted operator of <br />the Cash .& Who Do Mines, and as such, is responsible for all provisions in M-1983-141, as well as those specified in the <br />Rules and Regulations. <br />Enclosed are the following bond and the Performance Warranty you originally provided. <br />Bond Tyge Bond Number Bond Amount <br />American National Bank Certificate of Deposit $176,000.00 <br />This has been released as of August 2, 2010 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 />Since ely, <br />Allen C. Sorenson <br />Environmental Protection Specialist <br />Enclosures <br />CERTIFIED MAIL NO. 7008 3230 0002 7253 0299 <br />Return Receipt Requested <br />Office of Office of <br />Mined Land Reclamation Denver • Grand Junction • Durango Active and Inactive Mines