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<br />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 />June 17, 2008 <br />Sandra Pautsky <br />Clakridge Energy, Inc. <br />4613 Jacksboro Highway <br />Wichita Falls, TX 76301 <br />Re: Carbon Junction Mine (Permit No. C-1992-080) <br />Bond Release Application No. 3 (SL-3) <br />Dear Ms. Pautsky: <br />COLORADO <br />D I V1 S I ON 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 accordance with Rule 3.03.2(5)(b) of the Rules and Regulations of the Colorado Mined Land <br />Reclamation Board for Coal Mining (Rules), you are hereby notified that the Division's decision to <br />Approve Bond Release Application No. 3 for the Carbon Junction Mine became final on May 23, 2008. <br />No requests for an adjudicatory hearing on our proposed decision were received. <br />Bond Release No. 3 reduces your reclamation liability by $314,909.00. The current liability is now <br />$380,527.00. The Division suggests you provide a copy of this letter dated June 17, 2008 to your bonding <br />company for written evidence for approval to reduce your bond. If you choose to reduce or replace your <br />existing bond, it must equal or exceed $380,527.00. <br />If you have questions or need additional information, please contact me. <br />Sincerely, <br />Tom Kaldenbach <br />Environmental Protection Specialist <br />TAK/Jrc <br />cc: Johanna R. Cramer, CDMG <br />Mike Savage, Savage & Savage, Inc <br />C-SL-18 CI992080 TAK 06172008123653.doc <br />Office of Office of <br />Mined Land Reclamation Denver • Grand Junction • Durango Active and Inactive Mines