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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 />February 25, 2013 <br />Richard Connell <br />Connell Resources, Inc. <br />7785 Highland Meadows Pkwy., Ste. 100 <br />Fort Collins, CO 80528 <br />Re: Glass Gravel Pit, Permit No. M- 1981 -022, Financial Warranty Reduction Approval, <br />Revision No. SR -2 <br />Richard Connell: <br />On February 25, 2013 the Division of Reclamation, Mining and Safety approved your request for a <br />Financial Warranty Reduction to $116,700.00. This is a reduction of $31,800.00. This decision <br />reduces the amount of the financial warranty, and does not approve any release of reclamation <br />responsibility for the tasks associated with this request. <br />Please provide a rider to the current Financial Warranty, or submit a new Financial Warranty <br />reflecting this reduction. If you wish to submit a different type of Financial Warranty, please <br />contact our office for the applicable form. <br />If you have any questions, please contact me at (303)866 -3567 x8116. <br />Sincerely, <br />Michael A. Cunningham <br />Environmental Protection Specialist <br />cc: Tom Kaldenbach, DRMS <br />Barbara Coria, DRMS <br />Larry Johnson, Connell Resources, Inc. <br />Office of <br />Mined Land Reclamation <br />STATE OF COLORADO <br />F. <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 <br />Denver • Grand Junction • Durango Active and Inactive Mines <br />