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COLORADO <br /> Cg ihmd Division of Reclamation, <br /> ® Mining and Safety <br /> Department of Natural Resources <br /> December 13,2023 <br /> CJ Dickerson <br /> Ouray Silver Mines Inc. <br /> P.O.Box 564 <br /> 1900 Main Street,Unit 1 <br /> Ouray,CO 81427 <br /> Re: Revenue Mine,Permit M-2012-032,Succession of Operators Approval,Revision SO-4 <br /> Dear CJ Dickerson: <br /> On December 13, 2023, the Division of Reclamation, Mining and Safety approved the succession of <br /> operators from Ouray Silver Mines Inc.to Thorin Resources, LLC for this operation. Thorin Resources, <br /> LLC is now the permitted operator of the Revenue Mine,and as such, is responsible for all provisions in <br /> M-2012-032,as well as those specified in the Rules and Regulations. <br /> Enclosed are the following bond and the Performance Warranty you originally provided: <br /> Bond Type Bond Number Bond Amount <br /> Atlantic Specialty surety * $517,219.00 <br /> These have been released as of December 13,2023 Division approval for the succession of operators. You <br /> should advise your bank or insurance company of this release by copy of this letter. <br /> Sincerely, <br /> K;--� <br /> Sara Stevenson-Been <br /> Financial Warranty Specialist <br /> Enclosures <br /> CC: Lucas West&Amy Yeldell, DRMS <br /> ��pF Cps <br /> Physical Address: 1313 Sherman Street,Room 215,Denver, CO 30203 P 303.666.3567 F 303.832.8106 Nq- <br /> Mailing Address: DRMS Room 215, 1001 E 62nd Ave,Denver,CO 60216 https:lfdrms.colorado.govf I <br /> Jared S. Polis,Governor I Dan Gibbs, Executive Director I Michael A. Cunningham, Acting Director <br />