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LIMITED OWNERSHIP REPORT <br /> DATE: 0I%20/2022 PROSPECT: TI IN-R67W Section 22 <br /> Posted through: 01/14/2022 Connell Resources Inc. <br /> ('OUNTY: Weld STATE: Colorado <br /> TRACT DESCRIPTION: TOWNSHIP 11 NORTH,RANGE 67$A'EST,6rn PNI <br /> Section 22. SW'/aNl:14,S',2SLi'4.NW',,51':'/4,SW''4 <br /> Containing 295 00 acres,more or less. <br /> SI1RFAC'E OWNERSHIP: <br /> TRACT ONVNER: INTEREST <br /> No: <br /> Terry Granng Association IOW <br /> P.O.Box 3170 <br /> Cheyenne,Wyoming 92003-3 1 70 <br /> Amy Lenhardt,President <br /> NIINEILILI.OWNERSHIP: <br /> ALL SAND,GRAVEL.AND OTHER MINERAL.RIGHT'S,EXCLUDiNG OIL,GAS AND RELATED <br /> HYDROCARBONS <br /> NAME&ADDRESS TRACT INTEREST NET ACRES LEASEHOLD STATUS <br /> T erry Grating Association 1 100.00% 295.00 Memorandum of Sand and GraN el <br /> 11.O.Box 3170 Lease recorded at Reception No. <br /> Cheyenne,Wyoming 82003-3170 3863177 from JR'f Limited <br /> SEE COMMENT 1 Partnership and*ferry Grazing <br /> Association to Connell Resources,Inc <br /> as to S'•:Sl:'/A and SW',y Section 22 <br /> Amended at Reception Nos.4007567, <br /> 4100067 and 4066068 <br /> TOT AI': 100.00000% 295.00 <br /> EASEMENT'S,RIGHT'S OF WAY,COVENANTS AND RESTRICTIONS <br /> Special Taxing and Water Districts,Zoning Resolutions and Ordinances are not covered under this report. <br /> No Covenants by subdivisions were reviewed for this report <br /> NOT EXAMINED AS A PART OF THIS LIMITED OWNERSHIP REPORT <br /> NOTES/ <br /> COMMENTS: <br /> 1. In Warranty Deed dated May 17, 1965,recorded at Reception No. 1463979 of the Weld County <br /> Clerk's records ferry Land and Livestock Company.Inc.conveyed the subject lands to Terry <br /> Grazing Association. There is a reservation contained in the deed that states-EXCEPTING <br /> AND RFSERVING therefrom however,unto'l ERRY LAND AND LIVLSTO CK COMPANY, <br /> INC..part of the first part,its successors and assigns,all gas,casm¢head gas,oil and other <br /> minerals valuable as a source of petroleum in and under said lands and appurtenances <br /> thereto..." it is the opinion of the examiner that this reservation is for oil,gas and other <br /> hvdrocarlwns only and does not include other minerals such as sand,gran el.uranium,etc.even <br /> thou h in some cases sand and gravel has been construed to be a mineral by legal ruling. <br /> This Report was prepared based upon an examination of the records of the Weld County Clerk and Recorders Office from <br /> inception to the posted date of January 14,2022 This report is made solely for the benefit of hill land Services,Inc.for the <br /> purpose of assisting in a determination of the apparent mineral ownership of the captioned property with respect only to all <br /> minerals,except oil,gas and other hydrocarbon interests. A more complete and thorough examination of the title may he <br /> required to confirm the above ownership with absolute certainty. fhe instruments referred to have not been examined to <br /> dewnmme their legal sufficiency. No warranty of title is expressed or implied by virtue of this report. <br /> BY: Iidl land Scnices,Inc. <br /> Wade Hill <br /> (970)390-1668 <br /> 11 IN R6'U' SF( 22 Lumwd Own—lnp Rgwrl Page i of I <br />