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STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY ~ <br />Department of Natural Resources <br />1313 Sherman SL, Room 215 C O L O RA D O <br />Denver, Colorado 80203 DIVISION o e <br />Phone: (303) 866-3567 MIN &RA L S <br />FAX: (303) 832-8106 G E O L O G Y <br /> AECLANATION•NINING <br /> SAEETY•SCIFNCE <br />Bill Owens <br />Governor <br />August l3, 2005 Russell George <br />Executive Director <br />Mr. Jerry Novak Ronald w. Canany <br />Division DlreCtOr <br />Pulpit Rock Investments, LLC J Natural Resource Trustee <br />6385 Corporate Dr., Ste. 200 <br />Colorado Springs, CO 80919 ,~ <br />Re: "B" Stree/Project -North Pit, Permit No. M-1999-071, Financial and Performance Warranty Release <br />Approval, Revision No. SL,-1 v <br />Dear Mr. Novak: <br />[ am pleased to inform you that on July 14, 2005 the Division of Minerals and Geology released Pulpit Rock Investments, <br />LLC from further responsibility for the "B" Street Project -North Pit. Enclosed are the Developers Surety and indemnity <br />Company Corporate Surety Bond No. 880360P, in the amount of $12,000.00, and the Performance Warranty you <br />originally provided. These are released in their entirety. You should advise the issuer of your bond of this release by <br />copy of this letter. <br />Mined Land Reclamation Board and the Division staff wish to commend Pulpit Rock Investments, LLC for your <br />mation efforts and the resulting success. <br />"~.1 ~-~'cT'~-- <br />J. <br />Protection Specialist <br />MAIL NO. 7000 1670 0001 3656 8336 <br />Receipt Requested <br />Office of Office of Colorado <br />Land Reclamation Active and Inactive Mines Geological Survey <br />