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04/17/2006 13:17 17194738907 n ARCTIC SLOPE WORLD PAGE 01/06 <br />/Crue't` /, ~ /~/~E/2~~~fS <br />Kate, <br />Please find attached the reservation of the ttvneral rights marked on pages 2 and <br />3. These rights were granted by a. Patent deed recorded on April 18, 1874. I have <br />included Che appropriate page and mazked it. While Mr. Cargill reserved one-half the <br />rights, the information provided on page 3 shows that Mr. Buyer and Mr. Teter own the <br />remaining 50°/n. <br />I think the burden now lies with Ms, Wissel to prove that they have purchased. or had <br />conveyed to them the actual mineral rights. In our opinion, if they do not have the <br />mineral rights, the application should not be approved. <br />As to prove that the area encompassed by the land. in question contains substantial <br />minerals, the area directly North about one quarter mile, contained some of the most <br />profitable gold placer deposits in Colorado. This property, lying directly South contains <br />exactly the same glaciated gravel as the area to the North. <br />n„- <br />~n~ Gv, seg.. <br />Reeved <br />APB; y 7 2GC6 <br />~Dlvlsl~n °f~lnerals & ~ ofagy <br />