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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 />July 7, 2011 <br />Mr. David Walker <br />Walker Ruby Mining Co., Inc. <br />7216 Marsh Terrace <br />Port St. Lucie, FL 34986 -3231 <br />Re: Ruby Trust Mine, Permit No. M- 1979 -181, Transfer of Permit and Succession of Operator: Approval <br />and Request for Financial and Performance Warranties, SO -2 <br />Dear Mr. Walker: <br />On July 5, 2011, the Division of Reclamation, Mining and Safety completed the review of your application for a <br />Transfer of Permit and Succession of Operator application submitted to the Division on February 22, 2011. On your <br />application form you initialed Option A, which specifies that the Division would recalculate the required bond prior to <br />approval of the transfer. The estimated liability of the reclamation bond has been calculated to be $18,738. Please <br />submit a financial warranty in the amount of $18,738 within 60 days. The transfer of Permit No. M- 1979 -181 will <br />not be final until the bond is approved by the Division. You will be contacted once the warranties have been <br />review and approved. <br />The Division's website contains a selection of forms for the various bond instruments accepted by the Division. Go to <br />www.mining.state.co.us / and click on "Forms, Policies & Guidelines," then click on "Mineral Forms." Scroll down to <br />view the list of warranty forms, which are all in PDF format. The completed form should be sent to Barbara Coria at <br />the Division's Denver office (see letterhead, above). Ms. Coria's direct phone is 303 - 866 -3567 ext. 8148. <br />If you have any questions, please contact me at the Division's Durango field office, at 970 - 247 -5193. <br />Sincerely, <br />Bob Oswald <br />Environmental Protection Specialist <br />cc: Barbara Coria, DRMS <br />Steve Shuey, DRMS <br />(c: \11 -07 docs\Ruby Trust SO -2 AW /rco) <br />Office of <br />Mined Land Reclamation <br />STATE OF COLOFADO <br />RECESV <br />JUL 11 2.011 <br />Division of reclamation <br />'fining and Safety <br />COLORADO <br />D I V I S I O N O F <br />RECLAMATION <br />MINING <br />— &— <br />SAFETY <br />John W. Hickenlooper <br />Governor <br />Mike King <br />Executive Director <br />Loretta E. Pineda <br />Director <br />Office of <br />Denver • Grand Junction • Durango Active and Inactive Mines <br />