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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 />August 2, 2012 <br />Edward B. Cordes, Receiver for <br />AGC Resources LLC <br />5299 DTC Blvd, Suite 815 <br />Greenwood Village, CO 80111 <br />Re: Cash & Who Do Mines, Permit No. M- 1983 -141, Succession of Operators Approval, <br />Revision No. SO -7 <br />Dear Edward B. Cordes: <br />On August 2, 2012, the Division of Reclamation, Mining and Safety approved the succession of operators <br />from AGC Resources LLC to Gold Hill Mines, Inc. for this operation. Gold Hill Mines, Inc. is now the <br />permitted operator of the Cash & Who Do Mines, and as such, is responsible for all provisions in M -1983- <br />141, as well as those specified in the Rules and Regulations. <br />Enclosed are the following bond(s) and the Performance Warranty you provided. <br />Bond Type(s) Bond Number(s) Bond Amount(s) <br />Financial Warranty Check for Deposit in State Treasury $175,900.00 <br />On Bureau of Land Management Land <br />These have been released as of August 2, 2012 Division approval for the succession of operators. The <br />Financial Warranty has been transferred to Gold Hill Mines, LLC. <br />If you have any questions, please contact me. <br />Sincerely, <br />Michael A. CunifIngham <br />Environmental Protection Specialist <br />Enclosures <br />CERTIFIED MAIL NO.7009 2820 0003 5700 6090, Return Receipt Requested <br />cc: Tom Kaldenbach, 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 />SAFETY <br />John W. Hickenlooper <br />Governor <br />Mike King <br />Executive Director <br />Loretta E. Pineda <br />Director <br />Office of Office of <br />Denver • Grand Junction • Durango Active and Inactive Mines <br />