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soCOLORADO <br /> Division of Reclamation, <br /> Mining and Safety <br /> Department of Natural Resources <br /> 1313 Sherman Street,Room 215 <br /> Denver,CO 80203 <br /> MINING AND RECLAMATION PERMIT <br /> HARD ROCK/METAL MINING OPERATIONS <br /> Permit Number: M-2018-053 <br /> Type of Permit: 112 <br /> Permit Date: May 23,2019 <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 of <br /> Colorado. <br /> RECITALS <br /> A. The Permittee,Titan Au, Inc.desires to conduct a mining operation known as Box Creek Placer Mine,for <br /> the purpose of extracting Gold. Unless the permit is modified or a separate permit is issued to cover the <br /> mining and/or recovery of other minerals or extractive products, the Permittee will not mine any other <br /> commodities at this site. <br /> B. On February 15, 2019 the Mined Land Reclamation Board (Board) approved the Permittee's application <br /> for this permit,fixed the amount of the financial warranty and directed that this permit be issued upon the <br /> filing with the Division of Reclamation, Mining and Safety (Division) of performance warranty and <br /> financial warranty(or warranties)in the amount so fixed in form and substance approved by the Division. <br /> 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 permit <br /> modification may be required. <br /> D. On February 15,2019 the Board made the following findings: <br /> o <br /> �yQ" . U 01 <br /> 1313 Sherman Street, Room 215, Denver, CO 80203 P 303.866.3567 F 303.832.8106 https://mininp.state.co.us <br /> Jared Polis, Governor I Dan Gibbs, Executive Director I Virginia Brannon, Director <br />