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Peabody <br />X111 ENERGY <br />Certified US Mail — Return Receipt Requested <br />March 5, 2012 <br />Leon Earle <br />Wilton Earle &.Sons <br />5314th Ave W <br />Craig, CO 81625 <br />RE: Exploration and Drilling Prospect Agreement dated May 16, 2011— LMS 2200 -061 <br />Dear Leon: <br />PEABODY ENERGY <br />Peabody Plaza <br />701 Market Street <br />St Louis, MO 631 01 -1 826 <br />314.342.3400 <br />This refers to the referenced agreement. Enclosed is a map that shows the location of four (4) <br />exploration holes to be drilled on the surface subject to this agreement; #ccu031, 058, 067, and 084. <br />Currently all holes are being planned for this season (2012) and this letter is to so advise you. If you <br />have any questions or concerns about these exploration holes, please contact me at your earliest <br />convenience at 314 - 342 -7688. <br />Also, for right now, there is no additional seismic survey work scheduled to be conducted on your <br />property. If any is approved subsequently, I will let you know as soon as possible to work out timing and <br />other details. <br />Thank you. <br />Yours truly, <br />George R. Wagner <br />Director Land — Southwest <br />Enclosure <br />