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COLORADO <br /> Division of Reclamation, <br /> Mining and Safety �p EC� VE <br /> Department of Natural Resources `n ��++ q 2020 <br /> 1313 Sherman Street,Room 215 DEC f 5 <br /> Denver,CO 80Z03 <br /> DIVISION OF RECLAMATION <br /> MINING AND SAFETY <br /> FINANCIAL WARRANTY <br /> CORPORATESURETY <br /> ON BUREAU OF LAND MANAGEMENT LAND <br /> Operator: Highbury Resources Inc. <br /> Operation: Mineral Joe <br /> Permit No.: M-1977-284 Bond No.: LICX1197719 <br /> Warrantor: Lexon Insurance Company <br /> Street: 10002 Shelbyville Road,Suite 100 <br /> City: Louisville <br /> State: KY Zip Code: 40223 <br /> Area Code: 615 Telephone: 553-9500 <br /> This form has been approved by the Mined Land Reclamation Board pursuant to sections 34-32-117, <br /> C.R.S.,of the Mined Land Reclamation Act and 34 32.5-117,C.R.S.,of the Colorado Land Reclamation <br /> Act for the Extraction of Construction Materials Any alteration or modification of this form, Ivithout <br /> approval by Ilse Board shall result in the financial warranty being invalid and result in the voiding of <br /> any pernsit issued in conjunction with such invalid financial warranty and subject the operator to cease <br /> and desist orders and civil penalties for operating without a pernsit pursuant to sections 34-32-123, <br /> C.RS.,of the Mined Land Reclamation Act and 34-32.5-123,C.R.S.,of the Colorado Land Reclamation <br /> Act for the Extraction of Construction Materials. <br /> KNOW ALL MEN BY THESE PRESENTS,THAT: <br /> WHEREAS, the Colorado Mined Land Reclamation Act, C.R.S. 34-32-101 et seq. (the "Act'), as <br /> amended, provides that no permit may be issued under the Act until the Mined Land Reclamation Board <br /> (the"Board")receives a Financial Warranty(or Warranties)as described in the Act. <br /> WHEREAS, Highbury Resources Inc. (the <br /> "Operator"), a Wyoming corporation, has applied for a permit to conduct a <br /> mining operation known as Mineral Joe (the <br /> "Operation"),on certain lands in Montrose County, Colorado. <br /> Cow <br /> 1313 Sherman Street,Room 215,Denver,CO 80203 P 303.866.3567 F 303.832.8106 http://mining.state.co.us <br /> John W. Hickenlooper,Governor I Robert W. Randall,Executive Director I Virginia Brannon,Director y, <br /> '1876; <br />