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COLORADO DIVISION OF RECLAMATION, MINING AND SAFETY <br />1313 Sherman Street, Room 215, Denver, Colorado 80203 Phone (303) 866 -3567 <br />X876 = <br />TEMPORARY CESSATION NOTICE <br />(mining activities temporarily cease for more than a one -year period) <br />Today's date: 11 7/2013 <br />Permit number: M- 1977 -032 Site name: Van 4 <br />County: Montrose TC number: (DBMS use on! <br />Permittee making request: Jaime Massey - Regulatory Compliance Specialist <br />Operator (if other than permittee): Frank Filas - Vice President, Permitting and Environmental Affairs <br />Date the initial five -year period of Temporary Cessation begins: June 13, 2012 <br />Reason mining activities (materials extraction, processing, hauling) have ceased: <br />The temporary shutdown of the mine is due to market conditions and the low price of uranium. <br />Description of plan to resume operations: <br />Operations at the mine will recommence when the market is more favorable. <br />Description of plan to meet performance standards of Rule 3.1 during temporary cessation (reclamation, weed control, <br />monitoring, signs, markers, etc.): <br />All inspections and compliance requirements will continue during the temporary cessation <br />period. <br />Number of affected acres: 8.40 <br />Amount of financial warranty (bond) on deposit with the state: $75)057.00 <br />Required fees for Temporary Cessation by permit type (please mark the correct fee and submit it with this request <br />for Temporary Cessation): <br />Permit type Required TR fee Submitted (mark only one) <br />Construction Materials $144 <br />Hard Rock/ Metal Mining $115 IZI <br />The above - referenced permit has entered Temporary Cessation. This site has reserves remaining to be mined. <br />Operator's signature: <br />Please note: <br />1. While in Temporary Cessation, the operator must continue to comply with the Rules and Act, including <br />maintaining the site, and must continue to file an annual report and annual fee. <br />