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f 4k 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 />to <br />November 3, 2011 <br />Larry Johnson <br />Connell Resources, Inc. <br />7785 Highland Meadows Parkway <br />Suite 100 <br />Fort Collins, CO <br />80528 -8988 <br />Dear Mr. Johnson: <br />STATE OF COLORADO <br />`NiAc <br />Bo\j 08 x.011 <br />DU4slon of Reclamation <br />going <br />RE: Lyster Pit, Permit No. M -2008 -009, Technical Revision Approval, Revision No. TR -2 <br />COLORADO <br />DIVISION OF <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 />On November 3, 2011 the Division of Reclamation, Mining and Safety (Division) approved the Technical <br />Revision application submitted on October 18, 2011, addressing the following: <br />Incorporate a Mining Plan and Reclamation Plan for Phase 2 into the permit in order to commence <br />mining of Phase 2. <br />The terms of the TR -2 approved by the Division are hereby incorporated into Permit No. M- 2008 -009. <br />All other conditions and requirements of the permit remain in full force and effect. <br />The estimated liability amount of $142,149.00 exceeds the $63,000.00 Financial Warranty currently held <br />for this site. Please submit additional bond in the amount of $79,149.00. The revision will not be final <br />until the bond is approved by the Division. <br />If you require additional information, have questions or concerns, please contact me at the DRMS Grand <br />Junction Field Office at 101 South 3 Street, Suite 301, Grand Junction, CO, 81501, Phone: (970) 243- <br />6299, Fax: (970) 241 -1516. <br />Dus zapla <br />Environmental Protection Specialist <br />Division of Reclamation, Mining and Safety <br />Enc: Financial Warranty Cost Estimate <br />Office of <br />Mined Land Reclamation <br />Office of <br />Denver • Grand Junction • Durango Active and Inactive Mines <br />