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-., <br />DIVISION Of MINERALS AND GEOLOGY <br />Oepartmenr of Nawral Resources <br />1113 Shemsan 51., Roan 21 S <br />Denver, Colorado 80?OJ <br />Phone: 1303)866]567 <br />F.VC: !103183?-8106 <br />~~e <br />G ~~+ o <br />0~1~ d ~~. ©°~ <br />,off <~~ <br />STATE OF COLORADO <br />4~,~~;oz~.c~ Fi1YANCiAi: WARRANTY <br />o~~e~O° CER'[T~'[CATTON OF DEPOSTT <br />u~r~s w " os <br />.~11NERALS <br />----&- <br />GEOLOGY <br />•.=Ct"".ri~N <br />-INS"j•r..r[ T <br />9dl Or,ens <br />Gl,enior <br />Cre; E. wal[hv <br />E.awse O~renor <br />M~ s. r~ <br />o,~m. <br />operator: Precious Offerings Mineral Exchange <br />operation: <br />Permit No.: Brown(Derby Mine <br />~ ~ "l ~ ~ ~- <br />Bank: Norwest Banks <br />street: 1542 Railroad Ave. <br />cite Rifle <br />state: Colorado Zip Code: 81650 <br />Area code: 970 Telephone: 625-3223 F,vc: 625-5614 <br />KNOW ALL MEN BY THESE PRESENTS, THAT: <br />WHEREAS, the Colorado Mined Land Reclamation Act, C.RS. 1973, 34-32-101, giSgq. (the <br />"Act"), as amended, provides that no permit may be issued under the Act until the Mmed Land Reclartiation <br />Board (the "Board") receives a Financial Warranty (or Warranties) as described in the Act. <br />Precious <br />;s Mineral Exchange (the "Operator), a <br />has applied for a permit to conduct a mining operation <br />know~nr as tirowri lierny Mine (the "Operation"), on cettain lands in <br />ilulriisOri County, Colorado. These lands are described in the permit application, as <br />amended and supplemented, and are referred to herein as the "Affected Lands." <br />WHEREAS, in the application for the permit, the Operator has agreed to be bound by all <br />requirements of the Act and all applicable rules and regulations of the Boazd, as amended from time to time. <br />