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COLORADO <br />wDivision 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-2020-025 <br />Type of Permit: 110(2) <br />Permit Date: October 27, 2020 <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, Gregg Morrill desires to conduct a mining operation known as Bancroft Placer Mine, <br />for the purpose of extracting Gold. Unless the permit is modified or a separate permit is issued to <br />cover the mining and/or recovery of other minerals or extractive products, the Permittee will not <br />mine any other commodities at this site. <br />B. On September 22, 2020 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 September 22, 2020 the Board made the following findings: <br />1313 Sherman St. Room 215 Denver, CO 80203 P (3031866-3567 F (303) 832.8106 https://colorado.gov:,drms <br />Jared Polis, Governor I Dan Gibbs, Executive Director I Virginia Brannon, Director <br />qF CO,H �'r <br />t <br />* 4tv <br />*Is76sF <br />