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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 <br />Phone: (303) 866.3567 <br />FAX: (303) 832-8106 <br />31 August 2010 <br />George Otten <br />11438 CR 19 <br />Fort Lupton, CO 80621 <br />COLORADO <br />DIVISION OF <br />RECLAMATION <br />MINING <br />SAFETY <br />Bill Ritter, Jr. <br />Governor <br />Mike King <br />Executive Director <br />Loretta E. Pineda <br />Director <br />v <br />Re: Mackey Mine, Permit No: M-1984-013, Financial Warrant_Y Increase, Revision SI-1 <br />Dear Mr. Otten: <br />As a result of the inspection conducted on 27 July 2010 and a recalculation of the Financial Warranty, the <br />Division of Reclamation, Mining & Safety (Division) has increased the Financial Warranty for the Mackey <br />Mine to $8,162 in accordance with Rule 4.2.1 of the MINERAL RULES AND REGULATIONS OF THE <br />COLORADO MINED LAND RECLAMATION BOARDFOR HARD ROCK, METAL AND DESIGNATED MINING <br />OPERATIONS. This is an increase of $7,162 over the existing Financial Warranty of $1,000. <br />The amendment of the current Financial Warranty, or submittal of a new Financial Warranty reflecting the <br />increase, must be submitted to the Division within 60 days from the date of this letter, which will be 1 <br />November 2010. If you wish to submit a different type of Financial Warranty, please contact Elizabeth Merry at <br />303-866-3567 x8148, so that she can send you the applicable form. <br />If you have any questions, you may call me at (303) 866-3567 x8108. Questions pertaining to the financial <br />warranty should be directed to Elizabeth Merry at 303-866-3567 x8148. <br />Sincerely, <br />L, 4 6/v <br />David Bird <br />Reclamation Specialist <br />cc: Tony Waldron - DRMS <br />Elizabeth Merry - DRMS <br />Certified Mail Receipt: 7008 3230 0002 7253 2965 <br />Office of Office of <br />Mined Land Reclamation Denver 9 Grand lunction • Duranao Artiva and Inartiva Minac