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TATE 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 />May 23, 2007 / <br />Mr. William E. Burnett <br />5002 Syndt Rd. <br />Evergreen, CO 80439 <br />Re: Monogram Mines, Permit No. M-1978-222-UG, Succession of Operators Approval, Revision No. SO-6 <br />Deaz Mr. Burnett: <br />On May 22, 2007, the Division of Reclamation, Mining and Safety approved the succession of operators from William E. <br />Burnett to Nuvemco, LLC for this operation. Nuvemco, LLC is now the permitted operator of the Monogram Mines, and <br />as such, is responsible for all provisions in M-1978-222-UG, as well as those specified in the Rules and Regulations. <br />~ ~/`~ <br />COLORADO <br />DIVISION OF <br />RECLAMATION <br />MINING <br />- &- <br />SAFETY <br />Bill Ritter, lr. <br />Governor <br />Harris D. Sherman <br />Executive Director <br />Ronald W. Cottony <br />Division Director <br />Natural Resource Trustee <br />L/ ~~ <br />Enclosed aze the following bond and the Performance Warranty you originally provided. <br />Boud Tvoe <br />Bond Number <br />Boud Amouut <br />Evergeen National Bank Certificate of Deposit <br />605268/9050199 <br />$1,420.00 <br />These have been released as of May 22, 2007 Division approval for the succession of operators. You should advise your <br />bank or insurance company of this release by copy of this letter. <br />If you have any questions, please contact me. <br />Sincerely, <br />7~~G. Russell Means <br />Environmental Protection Specialist <br />Enclosure <br />CERTIFIED MAIL NO.7003 1680 0000 6427 8592 <br />Return Receipt Requested <br />Office of Office of <br />Mined Land Reclamation Denver Grand Junction Durango Active and Inactive Mines <br />