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Coulson Excavating Co., Inc. <br />September 29, 2011 <br />Michael Cunningham <br />Division Mining Reclamation & Safety <br />1313 Sherman St., Room 215 <br />Denver, Colorado 80202 <br />Re: Request for Reduction of Financial Warranty — Stroh Pit M- 2002 -078 <br />Mr. Cunningham, <br />We hereby request that the Financial Warranty (bond) be reduced to a minimum amount <br />required to keep the permit active. The project at the pit has not started and no earthwork <br />has been done on the site. We anticipate that it will be several years until mining begins <br />on the site. Coulson Excavating Co., Inc is the land owner and operator. <br />If we are able to reduce the amount, we are unsure of exactly what the minimum amount <br />would be. Could you please supply us with that information? <br />Respectfully Submitted, <br />Ken Coulson, President <br />Coulson Excavating Company, Inc. <br />Phone (970) 667 -2178 <br />Fax # (970) 667 -2193 <br />3609 N County Road 13 <br />Loveland, Co. 80538 <br />RECENO <br />OCT 062011 <br />Division of rceclamation, <br />Mining and Safety <br />