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TESTS <br />October 17, 2011 Page 2 of 2 <br />New Elk Coal Company <br />122 West First St. <br />Trinidad, CO 81082 <br />USA <br />Analysis Report <br />Client Sample ID: Pond #1 Date Sampled : 01/05/2010 <br />Date Received: 01/08/2010 Project Name!# : Pond #1 <br />Matrix: Water Sample Taken By : Bobby Steele <br />Time Sampled : 1:30 PM <br />SGS Minerals Sample ID: 072 -43289 -001 <br />REPORTING ANALYZED <br />RESULT METHOD LIMIT DATE / TIME ANALYST <br />Method Reference(s): <br />"Standard Methods for the Examination of Water and Wastewater ", 18th Edition, 1992; APHA- AWWA -WEF <br />"Methods for the Determination of Metals in Environmental Samples ", EPA/600 /4- 91/010, June 1991 <br />,„ 3,ed Somer Rodriguez, Denver Laboratory <br />SOS North America hc. Mnerals Services Dion <br />4885 Paris St Suite B -200 Denier CO 80238 t (303)373 -4772 if (303)373-4701 wwwsgs,00mkninerals <br />Memberof SOS Group <br />This document is issued by the Company under Its General Conditions of Service accessible at http: //www.sgs.com/terms_and conditions.htm Attention is <br />drawn to the limitation of liability, indemnification and jurisdiction issues defined therm. <br />Any holder of this document is advised that information contained hereon reflects the Company's findings at the time of its intervention only and within the limits <br />of Client's instructions, if any. The Company's sole responsibility is to its client and this document does not exonerate parties to a transaction from exercising all <br />their rights and obligations under the transaction documents. Any unauthorized alteration, forgery or falsification of the content or appearance of this document <br />is unlawful and offenders may be prosecuted to the fullest extent of the law. <br />