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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 />Aril 1 2013, <br />MR RICHARD CONNELL <br />CONNELL RESOURCES, INC. <br />7785 HIGHLAND MEADOWS PKWY., STE. 100 <br />FORT COLLINS, CO 80528 <br />RE: Connell Resources, Inc., Glass Gravel Pit, Permit No. M- 1981 -022, Acceptance of Decrease <br />Financial Warranty Corporate Surety, Bond Travelers Casualty and Surety company of <br />America <br />Dear Mr. Connell, <br />On March 25 2013, The Division of Reclamation Mining and Safety received and has accepted the <br />Decrease Rider for Surety Bond No. decreased from $148,500.00 to $116,700.00, issued by <br />Travelers Casualty and Surety Company of America, effective February 25 2013. <br />If I can be of further assistance, please contact me at (303) 866 -3567 ext 8132 <br />Sincerely, <br />Christi rookshire <br />Administrative Assistant <br />Office of <br />Mined Land Reclamation <br />t <br />Cc: Tom Kaldenbach, DRMS <br />Michael Cunningham, DRMS <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 <br />Denver • Grand Junction • Durango Active and Inactive Mines <br />