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STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Department of Natural Resources <br />I l t J Sherman SL, Room 215 <br />Dert~er, Colorado 80207 <br />Phone: 0031 B66.756~ <br />FAX: 13071 8328106 <br />p c r` ~ n l~ ~ NATURA] <br />RESOURCE <br />M>~~ o ~ ~~~~ Rm Romer <br />Go.emor <br />0!v!elu~ ~ ... ,.,..,..~o~e ...,eulogy Key Salaaar <br />PERFORMANCE WARRANTY E.ecuuse Dvecror <br />aa¢hael 8. LONG <br />Drv~HO~ Oveaor <br />Operator: International Uranium (USA) Corporation <br />Operation: St. Jude <br />Permit N0: M-78-039 <br />KNOW ALL MEN BY THESE PRESENTS, THAT: <br />WHEREAS, the Coiorado Mined Land Reclamation Act, CRS as amended, <br />34-32-101 et sue. <the "Act">, as amended, provides that no permit may be <br />issued under the Act until the Mined land Reclamation Board (the "Board") <br />receives a performance warranty (or warranties) that is a written promise to <br />comply with all applicable requirements of the Act. <br />WHEREAS, International Uranium (USA) Corp. (the "Operator"), has <br />applied for a permit to conduct a mining operation known as the st. Jude mine <br />(the "Operation") on certain lands in san Miguel <br />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 its application for the permit, the Operator has agreed <br />to be bound by ail requirements of the Act and all applicable rules and <br />regulations of the Board, as amended from time to time. <br />WHEREAS, the Board has determined, in accordance with the Act, that <br />the estimated-costs of reclamation with regard to those affected lands <br />in san Miguel County which are now or may become sub]ect to the permit <br />are those amounts for the stated periods of time as Set forth in the financial <br />warranty, which may be amended from time to time to reflect revised estimates <br />of said costs of reclamation. <br />WHEREAS, the Operator hereby gives the Board a performance warranty <br />pursuant to Section 34-32-117(2) of the Act, and herein promises the Board <br />that it witl comply with all applicable requirements of the Act with regard to <br />those Affected Lands. <br />