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COLORADO Division of Reclamation, Mining and Safety Department of Natural Resources +� W 1313 Sherman Street, Room 215 DEC 15 2020 Denver,CO 80203 I591I .I.J n,i.i FINANCIAL WARRANTY CORPORATESURETY ON BUREAU OF LAND MANAGEMENT LAND Operator: Highbury Resources Inc. Operation: Mineral Joe Permit No.: M-1977-284 Bond No.: LICx1197719 Warrantor: Lexon Insurance Company Street: 10002 Shelbyville Road,Suite 100 City: Louisville State: KY Zip Code: 40223 Area Code: 615 Telephone: 553-9500 This form has been approved by the Mined Land Reclamation Board pursuant to sections 34-32-117, C.R.S.,of the Mined Land Reclamation Act and 34-32.5-117,C.R.S.,of the Colorado Land Reclamation Act for the Extraction of Construction Materials. Any alteration or modification of this form, without approval by the Board shall result in the financial warranty being invalid and result in the voiding of any permit issued in conjunction with such invalid financial warranty and subject the operator to cease and desist orders and civil penalties for operating without a permit pursuant to sections 34-32-123, C.R.S.,of the Mined Land Reclamation Act and 34-32.5-123, C.R.S.,of the Colorado Land Reclamation Act for the Extraction of Construction Materials. KNOW ALL MEN BY THESE PRESENTS,THAT: WHEREAS, the Colorado Mined Land Reclamation Act, C.R.S. 34-32-101 et M. (the "Act"), as amended, provides that no permit may be issued under the Act until the Mined Land Reclamation Board (the"Board")receives a Financial Warranty(or Warranties)as described in the Act. WHEREAS, Highbury Resources Inc (the "Operator"),a Wyoming corporation, has applied for a permit to conduct a mining operation known as Mineral Joe (the "Operation"),on certain lands in Montrose County, Colorado. 1313 Sherman Street,Room 215, Denver,CO 80203 P 303.866.3567 F 303.832.8106 http://mining.state.co.us John W. Hickenlooper,Governor I Robert W. Randall, Executive Director I Virginia Brannon, Director �v��1