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STATE OF COLORADO <br />DIVISION OF RECLAMATION, MINING AND SAFETY <br />Department of Natural Resources <br />1313 Sherman St., Room 21 S <br />Denver, Colorado 80203 <br />Phone: (303) 8663567 <br />FAX: (303) 832-8706 <br />October 16, 2006 <br />Mr. Matt Collins <br />Mount Royale Ventures, LLC <br />P.O. Box 19754 <br />Floulder, CO 80308 <br />Re: Cash & Who Do Mines, Permit No. M-1983-141, Amendment Approval, Revision No. AM-2 <br />Class: Revision Typc~Seq.: AM-2 <br />Dear Mr. Collins: <br />COLORADO <br />O f V 15 f O N O F <br />RECLAMATION <br />M[NING <br />SAFETY <br />Bill Owens <br />Governor <br />Russell George <br />Executive Director <br />Ronald W. Cottony <br />Division Director <br />Natural Resource Trustee <br />On October [Q 2006 the Division of Reclamation, Mining and Safety approved the Amendment application submitted to <br />the Division on November 7, 2005, addressing the following: <br />Amendment application to include an alternate method for ore removal, and mods the existing permit area boundary <br />delineations and acreages. <br />The terms of the Amendment No. 2 approved by the Division are hereby incorporated into Permit No. M-1983-141. All <br />other conditions and requirements of Permit No. M-1983-141 remain in full force and effect. Please note that Mount <br />Royale Ventures, LLC has committed to submittal of a comprehensive water monitoring plan in the form of a technical <br />revision within 60 days of this amendment approval. <br />The Division has calculated a total reclamation cost of $175,900 far this amendment approval and has enclosed a copy of <br />the reclamation cost estimate far your review. The estimated liability amount of $175,900.00 exceeds the $5,000.00 <br />performance bond currently held. If you have not already done so, please submit additional bond in the amount of <br />$170,900.00 or a replacement bond in the amount of $175,900.00. The revision will not be final 1mti1 the bond is <br />approved by the Division. <br />If you have any questions, please contact me at (303) 866-4921. <br />Sincerely, <br />Thomas A. Schreiner <br />Environmental Protection Specialist <br />Enclosure <br />cc: Carl Mount, DRMS <br />Elizabeth Shelton, DRMS <br />Office of Office of <br />Mined Land Reclamation Active and Inactive Mines <br />