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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 />January 3, 2012 <br />Mr. Scott Davis <br />Schmidt Construction Company <br />2635 Delta Dr. <br />Colorado Springs , CO 80910 <br />Re: Fountain Pit, Permit No. M- 1982 -155, Amendment Approval, Revision No. AM -3 <br />Dear Mr. Davis: <br />On January 3, 2012 the Division of Reclamation, Mining and Safety approved the Amendment application submitted to <br />the Division on September 27, 2011, addressing the following: <br />Add 49.8 acres to the permit for total of742.8 acres <br />The terms of the Amendment No. 3 approved by the Division are hereby incorporated into Permit No. M- 1982 -155. All <br />other conditions and requirements of Permit No. M- 1982 -155 remain in full force and effect. <br />The estimated liability amount of $432,522.00 exceeds the $310,388.00 performance bond currently held. If you have <br />not already done so, please submit additional bond in the amount of $122,134.00. The revision will not be final until the <br />bond is approved by the Division. <br />If you have any questions, please contact me. <br />Sincerely, <br />Berhan Keffelew <br />Environmental Protection Specialist <br />CC: Barbara Coria <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 Pineda <br />Director <br />Office of <br />Denver • Grand Junction • Durango Active and Inactive Mines <br />