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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 />April 6, 2012 <br />Mr. Rob Laird <br />Asphalt Specialties CO., Inc. <br />10100 Dallas Street <br />Henderson, CO 80640 <br />Sincerely, <br />s <br />Barbara Coria <br />Financial Assurance Specialist <br />Certified Mail No. 7009 2820 0003 5701 3012, Return Receipt Requested <br />cc: Eric Scott, Division of Reclamation, Mining and Safety <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 />SAF ETY <br />John W Hickenlooper <br />Governor <br />Mike King <br />Executive Director <br />Loretta E Piiieda <br />Director <br />Re: Notice of Cancellation of Bond No. Western Surety Company <br />Asphalt Specialties Co., Inc., Turnpike Mining Resource, Permit No. M- 2004 -009 <br />Dear Mr. Laird: <br />The Western Surety Company has notified the Division of Reclamation, Mining and Safety of the cancellation of Surety No. <br /> in the amount of $1,310,224.00, effective July 9, 2012. <br />Prior to this expiration date, you must submit a substitute Financial Warranty for this bond in the amount of $1,310,224.00. <br />A new financial warranty should be executed and returned by June 9, 2012. If the Division has not received an executed financial <br />warranty form we will schedule you for a public hearing before the Mined Land Reclamation Board in July, 2012 for a Formal <br />Public Hearing to consider a Notice of Violation/Cease and Desist Order and possible Civil Penalties of not less than one hundred <br />dollars ($100.00) per day nor more than one thousand dollars ($1,000.00) per day for each day after July 9, 2012 <br />that the violation occurs, for your failure to submit substitute surety. <br />The financial warranty forms may be found on the Divisions' website at www.mining.state.co.us, Forms, Policies & Guidelines, <br />Mineral Forms. Please return the fmancial warranty form to my attention. If you have any questions, please do not hesitate to <br />contact me at 303 - 866 -3567 ext. 8148. <br />Office of Office of <br />Denver • Grand Junction • Durango Active and Inactive Mines <br />