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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 />October 20, 2011 <br />David L. Walker <br />Walker Ruby Mining Company, Inc. <br />7216 Marsh Terrace <br />Port St. Lucie, FL 34986 <br />Re: Ruby Trust Mine, Permit No. M- 1979 -181, Succession of Operators Approval, <br />Revision No. SO -2 <br />Dear Mr. Walker: <br />On July 5, 2011, the Division of Reclamation, Mining and Safety approved the succession of operators from Mt. Sneffels Mining <br />Company, LLC to Walker Ruby Mining Company, Inc. for this operation. Walker Ruby Mining Company, Inc. is now the permitted <br />operator of the Ruby Trust Mine, and as such, is responsible for all provisions in M- 1979 -181, as well as those specified in the Rules <br />and Regulations. Mt. Sneffels Mining Company, LLC is relieved of all responsibilities concerning this operation. <br />Please Note: <br />1. All of the application materials, as amended and supplemented, are in integral part of your permit. They have been <br />incorporated into the permit by reference. We presume that you have a copy of all of these materials, therefore, none have been <br />enclosed with this mailing. We suggest that you keep a copy of the permit and the permit application at the mining operation as a <br />reference for operation personnel, to help ensure compliance with the terms of the permit. <br />2. Changes in the mining and reclamation operations that differ from those described in the permit may require a modification to <br />the permit. We suggest consulting the Rules and Regulations and/or contacting us to determine if a modification to the permit is <br />necessary. Rule 1.10 pertains to Amendments, Rule 1.9 to Technical Revisions, and Rule 1.11 to Conversions. <br />3. On your permit anniversary date each year, you must submit an annual fee and annual report to us. Please consult the Rules, <br />Act, and your permit for specific requirements. <br />The estimated liability amount of ($18,738.00) for the Ruby Trust Mine, when added to the existing liability amount of $18,738.00, <br />exceeds the performance bond held. If you have not already done so, please submit additional bond in the amount of ($18,738.00). If <br />bond increased, this needs to be sent certified. <br />The transfer of this permit does not result in the transfer of any other permits or licenses, with this Division, the State, or Federal <br />Agency, which might be associated with this operation. <br />If you have any questions, contact me. <br />Sincerely, <br />14/7 ` I , ' Lf ( <br />Bob Oswald <br />Environmental Protection Specialist <br />Office of <br />Mined Land Reclamation <br />STATE OF COLORADO <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 />