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STATE OF COLORADO <br />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 />June 24, 2013 <br />Tom E. Brubaker <br />Valco Inc. <br />12753 S. Parker Rd. Suite # 203 <br />Parker, CO 80134 <br />Re: Lamar East Pit, Permit No. M- 1977 -572, Succession of Operators Approval, <br />Revision No. SO-1 <br />Dear Mr. Tom Brubaker: <br />COLORADO <br />DIVISION OF <br />RECLAMATION <br />MINING <br />SAFETY <br />John W. Hickenlooper <br />Governor <br />Mike King <br />Executive Director <br />Loretta E. Pineda <br />Director <br />On June 21, 2013, the Division of Reclamation, Mining and Safety approved the succession of operators <br />from Valco Inc. to City of Lamar for this operation. City of Lamar is now the permitted operator of the <br />Lamar East Pit, and as such, is responsible for all provisions in M- 1977 -572, as well as those specified in the <br />Rules and Regulations. <br />Enclosed are the following bond(s) and the Performance Warranty you originally provided. <br />Bond Type(s) <br />Financial Warranty Corporate Surety <br />Bond Number(s) Bond Amount(s) <br /> $48,270.00 <br />These have been released as of June 21, 2013 Division approval for the succession of operators. You should <br />advise your insurance company of this release by copy of this letter. <br />If you have any questions, please contact me. <br />Sincerely, <br />Tyler V. O'Donnell <br />Environmental Protection Specialist <br />Enclosures <br />CERTIFIED MAIL NO.7011 3500 0002 9605 5709 <br />Return Receipt Requested <br />Office of Office of <br />Mined Land Reclamation Denver • Grand Junction • Durango Active and Inactive Mines <br />