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Date: September 4, 2012 <br />HIGH MOUNTAIN MINING COMPANY, LLC <br />3040 South Vallejo Street <br />Englewood, CO 80110 <br />To: Tom Kaldenbach <br />State of Colorado <br />Division of Reclamation, Mining and Safety <br />1313 Sherman St., Room 215 <br />Denver, CO 80203 <br />From: L. Steven Palmer <br />High Mountain Mining Company, LLC <br />Managing Member & Business Manager <br />Subject: Proposed Bonding Revisions for Alma Placer, Permit No. M- 1985 -029 <br />Request for 30 -Day Extension <br />Dear Mr. Kaldenbach: <br />RECEIVED <br />SE P 0 6 2012 <br />Division OT Reclamation, <br />Mining & Safety <br />The purpose of this letter is to request a -day extension to the response date of August 26, 2012 <br />regarding the financial warranty deficit calculations that resulted from your June012 inspection of <br />the subject mine. We called to set up a meeting with you and were informed you were on vacation. <br />Since the response date was Sunday, August 26 2012, we contacted Tony Waldon and were able to <br />schedule a brief meeting with him on Wednesday, August 28 2012. Jim Murray and Bob Willits met <br />with Mr. Waldon and briefly discussed some questions regarding the revised bonding. Mr. Waldon <br />suggested that we send you a request for a 30 -Day extension and schedule a meeting with you to <br />further discuss. <br />Please advise us as to our request and when you may be able to meet with Jim Murray and Bob <br />Willits. You will recall that both High Mountain Mining Company, LLC and Willits have bonds in place. <br />Thank you and we look forward to your reply. <br />Sincerely, <br />L. Steven Palmer <br />cc: Jim Murray, Bob Willits, File <br />