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DNR COLORADO <br /> 413 <br /> CODivision of Reclamation, <br /> Mining and Safety <br /> Department of Natural Resources <br /> 1313 Sherman St. Room 215 <br /> Denver,CO 80203 <br /> MINING AND RECLAMATION PERMIT <br /> HARD ROCK/METAL MINING OPERATIONS <br /> Permit Number: M-2015-028 <br /> Type of Permit: 110(1) <br /> Permit Date: June 2,2016 <br /> (Anniversary date for annual report and fees purposes) <br /> THIS PERMIT is issued by the Mined Land Reclamation Board, Department of Natural Resources, State <br /> of Colorado. <br /> RECITALS <br /> A. The Permittee, Teton Drilling Inc. desires to conduct a mining operation known as Dixie Mine, for <br /> the purpose of extracting Silver and gold. Unless the permit is modified or a separate permit is <br /> issued to cover the mining and/or recovery of other minerals or extractive products, the Permittee <br /> will not mine any other commodities at this site. <br /> B. On May 6, 2016 the Mined Land Reclamation Board (the "Board") approved the Permittee's <br /> application for this permit,fixed the amount of the financial warranty and directed that this permit be <br /> issued upon the filing with the Division of Reclamation, Mining and Safety (the "Division") of <br /> performance warranty and financial warranty (or warranties) in the amount so fixed in form and <br /> substance approved by the Division. Said warranties have been filed with the Division. <br /> C. If the Permittee desires to extract materials other than those listed in (A), a separate permit or a <br /> permit modification may be required. <br /> D. On May 6,2016 the Board made the following findings: <br /> coto- <br /> 1313 Sherman St. Room 215 Denver, CO 80203 P (303)866-3567 F * <br /> John W. Hickenlooper,Governor I Robert W. Randall, Executive Director I Virginia Brannon, Director <br /> 'pro a+ <br />