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715 HORIZON DR., STE 340 <br />GRAND JUNCTION, CO 81506 <br />USA <br />VOICE 970.242.4220 <br />www.agapito.com <br />May 4, 2012 <br />w AGAPITO ASSOCIATES, INC. <br />Mining & Civil Engineers & Geologists <br />Mr. Kent Gorham <br />Colorado Department of Reclamation Mining and Safety <br />1313 Sherman Street, Room 215 <br />Denver, Colorado 80203 <br />Re: Bond Release Request for 2010 Exploration Program Permit X- 2010 - 232 -00 <br />Dear Mr. Gorham: <br />New Elk Coal Company believes that the reclamation of the 2010 exploration program <br />activity sites has been accomplished as required by Rule 4.21. The holes that are not designated <br />for monitoring have been permanently sealed per Rule 4.07. With this letter, the New Elk Coal <br />Company is thereby requesting the release of the bond for the 2010 exploration program. <br />If you require additional information please feel free to contact me. <br />cc: Ron Thompson <br />Sincerely, <br />am 6-Pada <br />Susan Patton, Ph.D., PE <br />Sr. Associate <br />GEOENGINEERING • MINING ENGINEERING • CIVIL ENGINEERING <br />GOLDEN OFFICE <br />303.271.3750 <br />