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STATE 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 />June 22, 2010 <br />NOW, <br />Mr. Richard Blubaugh <br />Powertech (USA) Inc. <br />5575 DTC Parkway, Suite 140 <br />Greenwood Village CO 80111 <br />COLORADO <br />D I V I S I ON Of <br />RECLAMATION <br />MINING <br />SAFETY <br />Bill Ritter, Jr. <br />Governor <br />Mike King <br />Executive Director <br />Loretta Pineda <br />Director <br />RE: Auth ' ation to Commence Prospecting, Centennial Uranium Project, File No. P-2010-011 <br />Dear Mr. Blubaugh: <br />The Colorado Division of Reclamation, Mining, and Safety (DRMS) has reviewed the above referenced Notice <br />of Intent to Conduct Prospecting (NOI) and supplementary submittals, and has determined the NOI is complete. <br />Financial Warranty has been posted in the amount of $100.00, as required. Powertech may proceed with the <br />activities described in the NOI and supplementary submittals in conformance with the Colorado Mined Land <br />Reclamation Act and the Mineral Rules and Regulations of the Colorado Mined Land Reclamation Board. <br />Powertech is specifically directed to the requirements of Rule 5.3.6. <br />By this authorization to proceed with baseline environmental site characterization activities described in the <br />NOI, DRMS makes no determination as to the sufficiency of the activities for the purposes of future mined land <br />reclamation permitting. If you have any questions, please contact me at 303-866-3567 ext. 8143. <br />Sincerely <br />Allen C. Sorenson <br />Reclamation Specialist <br />cc: Michael Beshore, Powertech, via email <br />Elizabeth Merry, DBMS, via email <br />c:\acs files\My Documents 4-19-06 thru\centennial authorization to proceed June 2010 NOI.doc <br />Office of <br />Office of Active and Inactive Mines <br />Mined Land Reclamation Denver • Grand Junction • Durango