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February 20, 2012 <br />Mr. Jim Dupler <br />Division of Reclamation, Mining and Safety <br />1313 Sherman St., Rm. 215 <br />Denver, CO 80203 <br />RECEIVED <br />CE 2 2 2012 <br />Division of Reclamation, <br />Mining & Safety <br />Re: Permit No. M- 1977 -559, Notice of Temporary Cessation <br />Dear Mr. Dupler: <br />VALCO, INC. <br />CORPORATE OFFICE <br />12753 S Parker Road, <br />Suite # 203 <br />Parker, CO 80134 <br />(303) 248 -3590 <br />TCo1 <br />Please accept this as Valco, Inc.'s notice of Temporary Cessation for the referenced permit. <br />• Operations at the location were completed around 6/30/2010. <br />• Valco, Inc sold its ready mixed concrete equipment and sand and gravel inventories to <br />All -Rite Paving and Redi -Mix, Inc. onl 1/18/2009. <br />• There are some aggregate reserves left in the property however, Valco is in discussion <br />with two government agencies about the possibility of them acquiring the property. A <br />decision should be made in the next 18 months. No mining will occur during that period. <br />• The site is stable and should require minimum maintenance. <br />• The bond is adequate as per an inspection done 8/16/2011. <br />If you have any questions please contact me @ 719 - 469 -0840. <br />Sincerely, <br />C & NIJ, <br />Tom Brubaker <br />President <br />