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District Court, Water Division NO. 4, <br /> State of Colorado <br /> Montrose County Justice Center <br /> 1200 N Grand Ave., Bin A <br /> Montrose, CO 81401 <br /> CONCERNING THE APPLICATION FOR WATER RIGHTS OF <br /> WATER RIGHTS OF REVENUE-VIRGINIUS MINES <br /> CORPORATION, ON SNEFFLES CREEK, <br /> COURT USE ONLY <br /> TRIBUTARY TO THE UNCOMPAHGRE RIVER, IN OURAY <br /> COUNTY <br /> Ouray Silver Mines Inc. <br /> Attn: Brian Briggs, CEO <br /> PO Box 564 Case Number: W-2991 <br /> 1900 Main Street Suite 1 <br /> Ouray, CO 81427 <br /> Phone Number: (970) 325-9830 <br /> E-mail: bbriggsoou rays ilverines.com <br /> FAX Number: (970) 325-9824 Atty. Reg. #: N/A <br /> NOTICE OF CHANGE IN OWNERSHIP OF CONDITIONAL WATER RIGHT <br /> This notice of change in ownership of an absolute water right Case No. W-2991. Revenue Virginius <br /> Mines Corporation transferred title to Fortune Revenue Silver Mines as an asset purchase and <br /> conveyance transaction on October 02, 2014. On August 19, 2015 Fortune Revenue Silver Mines, Inc. <br /> submitted a Notice of Name Change and Articles of Amendment changing the entity name to Ouray <br /> Silver Mines Inc. The subsequent name change of Fortune Revenue Silver Mines to Ouray Silver Mines <br /> Inc, was recorded by both Ouray County and San Miguel Counties on August 25, 2015. As a result, the <br /> absolute water rights subject to this notice are now held by Ouray Silver Mines Inc. <br /> 1. Title and case number of the case in which the conditional decree and subsequent diligence <br /> decrees, if any, were issued: <br /> a. Title of Original Decree: IN THE MATTER OF THE APPLICATION FOR WATER <br /> RIGHTS OF REVENUE-VIRGINIUS MINES CORPORATION <br /> Date of Original Decree: April 10, 1979 <br /> Case No. W-2991 <br /> Court: District Court, Water Division 4, Colorado <br /> 2. Description of the conditional water right: <br /> A. Name of Structure: LAKE RESERVOIR AND 24.74 ACRE FEET OF WATER FOR STORAGE <br /> JDF 307 R10-11 NOTICE OF CHANGE IN OWNERSHIP OF CONDITIONAL WATER RIGHT OR CHANGE OF ADDRESS <br />