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481951 08-17-2023 Page 6 of 14 <br /> 3. Water Rights <br /> 3.1 Case No. W-2991: Lake Reservoir and 24.74 acre feet of water for storage as <br /> more particularly described in the decree of the Water Court for Water Division No.4 in Case No. W- <br /> 2991, dated April 10, 1979 and recorded in Ouray County, Colorado records in Book 191, Pages 981 <br /> and 982. W-2991 provides an absolute right to store 24.74 acre-feet in Lake Reservoir for domestic, <br /> fire protection, mining, milling and power purposes. The water right has a 1976 priority date and an <br /> appropriation date of September 12, 1905. <br /> 3.2 Case No. W-2993: 3.34 c.f.s. or 1,500 g.p.m. diverted at a location in the NE/4 <br /> SE/4 of Section 21, Township 43 North, Range 8 West, of the N.M.P.M., more particularly described <br /> in and subject to the decree of the Water Court for Water Division No. 4 in Case No. W-2993, dated <br /> June 26, 1979, and recorded in Ouray County, Colorado records Book 191, Pages 979 and 980. W- <br /> 2993 provides conditional water right for 3.34 cfs with a 1934 appropriation date for mining,milling, <br /> and industrial purposes and a December 30, 1976 appropriation date for commercial, piscatorial, <br /> recreational, fire protection and domestic purposes. A portion of this water right—mining(2.43 cfs), <br /> industrial(2.23 cfs),milling(0.18 cfs),fire protection(0.18 cfs),commercial(0. 18 cfs),and domestic <br /> (0.16 cfs)—was made absolute in Case No. 20CW3048. Diligence applications on the conditional <br /> water right have been filed routinely and the conditional water right has been maintained. See <br /> 83CW95, 87CW110, 93CW251, OOCW228, 07CW137, 14CW3011, and 20CW3048. In2lCW3042, <br /> the water court granted a change application for an alternate place of use,allowing 3.34 cfs to be used for <br /> recreational purposes at the Ouray Ice Park. <br /> 4. Patented and Unpatented Mining Claims. The Property includes the mining claims <br /> described in Table 1 below for Patented Claims and Table 2 below for Unpatented <br /> Claims <br />