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STATE OF COLORADO <br />DIVISION OF RECLAMATION, MINING AND SAFETY r/ <br />Department of Natural Resources <br />1313 Sherman St., Room 215 <br />L O <br />O <br />A <br />F <br />Denver, Colorado 80203 t O <br />F <br />D <br />IV IS <br />rt O <br />Phone: (303) 866-3567 RECLAMATION <br />FAX: (303) 832-8106 M I N I N G <br />/ SAFETY <br />August 27, 2008 v <br />OL? <br /> Bill Ritter, Jr. <br />Mr. Richard Blubaugh Governor <br />Powertech (USA) Inc..// <br />ENTIAL Harris D. Sherman <br />. <br />5575 DTC Parkway, Suite 140 NON CONFID Executive Director <br />Greenwood Village, CO 80111 <br />Ronald W. Cattany <br /> <br /> <br />m <br />n <br />e Pro <br />e <br />tin <br />d A <br />l t <br />C <br />A <br />t <br />Fi <br />i <br />l W <br />t <br />RE Division Director <br />Natural Resource Trustee <br />om <br />g, <br />ance an <br />pprova <br />o <br />e <br />c <br />sp <br />c <br />arran <br />ccep <br />nanc <br />a <br />y <br />: <br />Centennial Project, File No. P-2008-043 <br />Dear Mr. Blubaugh: <br />The Division of Reclamation, Mining, and Safety has found the above referenced prospecting notice to be <br />complete. Powertech has posted financial warranty in the amount of $55,000.00, which has been accepted and <br />approved by the Division. <br />Therefore, final approval for Prospecting Notice is hereby granted and you may commence operations <br />under the terms of Notice. However, if your operation is located on Federal surface or is accessing Federal <br />minerals, you will need to obtain a permit from the Federal government prior to commencement of <br />operations. <br />Also, in accordance with Rule 5.6, an Annual Report and associated fee of $86.00 per site must be submitted on <br />your notice approval anniversary date for each year following the filing of an NOI until reclamation <br />responsibility release is granted. In addition, Rule 5.3.4 requires the prospector to notify the Division of <br />completion of prospecting operations and Rule 5.7 requires the submittal of a final report for drill holes within 60 <br />days of completion of the abandonment for artesian flow holes and within one year of completion of the <br />abandonment for any other drill holes. (Form enclosed and also available on the DRMS website at <br /> <br />If you have any questions, please contact our office at (303) 866-3567 <br />Sincere , J <br />Elizabeth Taliaferro <br />Program Assistant <br />cc: Allen C. Sorenson, DRMS <br />Enclosure: Abandonment Hole Report Form <br />c:acs files\My Documents 4-19-06 thru\centennial june 08 not appvl.doc <br />Office of Office of <br />Mined Land Reclamation Denver • Grand [unction • Durango Active and Inactive Mines