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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 />