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BEFORE THE MINED LAND RECLAMATION BOARD <br />STATE OF COLORADO <br />FINDINGS OF FACT, CONCLUSIONS OF LAW, AND ORDER <br />IN THE MATTER OF WILDCAT MINING CORPORATION, MAY DAY - <br />IDAHO MINE COMPLEX, PERMIT No. M- 1981 -185 APPROVAL OF <br />STIPULATED AGREEMENT <br />THIS MATTER came before the Mined Land Reclamation Board ( "Board ") on <br />February 19, 2014 in Denver, Colorado for a hearing to consider the Stipulated <br />Agreement (Attachment 1) between the Colorado Division of Reclamation, Mining <br />and Safety ( "Division ") and Wildcat Mining Corporation ( "Wildcat "). Chris <br />Neumann, Esq. and George Robinson appeared on behalf of Wildcat. First <br />Assistant Attorney General Jeff Fugate appeared on behalf of the Division. <br />The Board, having considered the Agreement and the parties' presentations <br />and having been otherwise fully informed of the facts in the matter, hereby states <br />that it agrees with the provisions of the Agreement, and orders the following: <br />1. On or before March 3, 2014 Wildcat shall provide a copy of a fully <br />executed contract with a contractor /consultant to commence the access road repair <br />and stabilization work approved in TR -02 no later May 15, 2014, or sooner if site <br />conditions allow. <br />2. Wildcat shall commence repair and stabilization work no later than <br />May 15, 2014. Work on the access road shall be completed no later than July 1, <br />2014. The Division, through a delegation of authority from the Board, may extend <br />the July 1, 2014 completion deadline if Wildcat is working in good faith and <br />reasonable additional time is needed. <br />3. As ordered by the Board on January 15, 2014 Wildcat has established <br />a cash escrow account with a Bank authorized to do business in the State of <br />Colorado and deposited an initial certified fund in the amount of $100,000 on <br />January 30, 2014. The estimated cost of repair and stabilization of the access road <br />is $450,000. Wildcat shall fund the cash escrow account in two additional <br />installments according to the following schedule: <br />Due Date (on or before) Amount <br />3/21/2014 Deposit $ 150,000 <br />4/18/2014 Deposit $ 200,000 <br />Total Deposit $ 350,000 <br />