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TATE OF COLOFVADO <br />DIVISION OF RECLAMATION, MINING AND SAFETY <br />Department of Natural Resources <br />1313 Sherman St., Room 215 <br />COLORADO <br />Denver, Colorado 80203 D <br />OF <br />Phone: (303) 866-3567 RECLAMATION <br />FAX: (303) 832-8106 MINING <br /> <br /> SAFETY <br /> S <br />Bill Ritter, Jr. <br /> Governor <br />April 6, 2009 v Harris D. Sherman <br />/ Executive Director <br />Mr. J. Scott Hazlitt Ronald W. Cattany <br />Capital Gold Corporation Division Director <br /> Natural Resource Trustee <br />PO BOX 552 <br />Leadville, CO 80461 <br />Re: Hopemore Shaft, Permit No. M-1990-057, Succession of Operators Approval, Revision No. S6--2--" <br />Dear Mr. Hazlitt: <br />On April 6, 2009, the Division of Reclamation, Mining and Safety approved the succession of operators from Capital <br />Gold Corporation to Calais Resources Colorado, Inc. for this operation. Calais Resources Colorado, Inc. is now the <br />permitted operator of the Hopemore Shaft, and as such, is responsible for all provisions in M-1990-057 as well as those <br />specified in the Rules and Regulations. <br />Enclosed are the following bonds and the Performance Warranty you originally provided. <br />Bond Types Bond Numbers Bond Amounts <br />Cash Bond 6287 $46,150.00 <br />Cash Bond 6370 $35,550.00 <br />These have been released as of April 6, 2009 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 />Peter S. Hays <br />Environmental Protection Specialist <br />Enclosures <br />CERTIFIED MAIL NO. 7006 3450 0000 4880 1459 <br />Return Receipt Requested <br />Office of Office of