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Oct 12 OS 08:45a Mike Kcellner, Owner 9707746114 <br />L & L READY MIX <br />P.O. BOX 218 <br />HAXTUN, CO 80731 <br />(970)774-6114 <br />October 12, 2005 <br />State of Colorado <br />Division of Minerals & Geology <br />Department of Natural Resources <br />1313 Sherman Street, Room 21 S <br />Denver, CO 80203 <br />RE: REQUEST FOR EXTENSION <br />Technical RevisionNcLa C~45S=~ZViSioi'l <br />Sunny Dale Farm Pit M-1998-059 <br />ATTENTION: Tom Schreiner <br />Deaz Tom; <br />Per out phone conversation this morning, I am requesting a 30 day extension to resolve <br />the bonding of the above captioned pit to your complete satisfaction. I am sending you <br />the first two pages of the "Financial Warranty Letter of Credit" that we faxed and mailed <br />to Suzi's attention yesterday, October 11, 2005. This identifies the route we took and the <br />second page identifies the amount of $24,000.00. We will be keeping the Pioneer <br />General bond of $6,000.00 also in place, to make up the $30,000.00 requirement. <br />Since we were unable to find a bonding company to take on the $30,000.00 bond <br />commitment, we went through The First National Bank of Fleming with an "Irrevocable <br />Letter of Credit" which they also corresponded about and faxed to Suzi on the l lw. We <br />have submitted everything that we knew was required of us and need the extension until <br />we find out if it all meets your satisfaction to fulfill the bonding requirement. Will you <br />please give me a call in addition to writing upon approval so we can immediately begin <br />the mining. Thank you very much for your assistance. <br />Sincerely, <br />p.l <br />Laurine Koellner <br />