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Determination of Bond Amount — Reclamation Cost Estimate (RCE) <br />This Reclamation Cost Estimate (RCE) represents the worst case scenario for the current permit <br />term. The reclamation costs included herein were generated during the SL -16 bond release for <br />the current permit term. Since the RCE for SL -16 was generated, New Horizon has received <br />approval for TR -69, which resulted in a slight increase to the total reclamation liability. New <br />Horizon has also received approved for SL -17 which resulted in a decrease to the total <br />reclamation liability. Finally, approval for TR -70 has been received which resulted in an increase <br />to the total reclamation liability. All RCE documents are contained herein to document the total <br />required reclamation liability for the current permit term. <br />Reclamation Cost Estimate Summary <br />Permit Action Change in Bond Amount Total Bond Amount <br />SL -16 N/A $4,995,598.21 <br />TR -69 --,$9,585.90 $5,005,184.11 <br />SL -17 ($367,112.14) $4,638,071.97 <br />TR -70 � $29,920.28 $4,667,992.25 <br />Current Total Reclamation Liability ($327,605.96) $4,667,992.25 <br />Section 3.02.2 Page 1 June 2016 (MR -100) <br />