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•, COLORADO DIVISION OF NIINERALS AND GEOLOGY <br />1313 Sherman Street, Room 215, Denver, Colorado 80203, (303) 866-3567 <br />SETTLEMENT AGREEMENT <br />NOV/CO NO.: CV-2006-001 <br />MINE: Sanborn Creek and Elk Creek Mine <br />PERMITNO.: C-1981-022 <br />OPERATOR/PERMf[TEE: <br />DATE ISSUED: January 23, 2006 <br />TYPE OF MINE: Undetground/Federal <br />COUNTY: Delta <br />Oxbow Mining, LLC <br />ATTENTION: Jim ICiger <br />ADDRESS: 3737 Hwy 133, P.O. Box 535 <br />Somerset, CO 81434 <br />The Division of Minerals and Geology ("the Division") issued a certain Notice of Proposed Amount of Civil <br />Penalty, and the operator requested a conference thereon, as authorized by C.R.S. 1973 34-33-123(8). The <br />requested conference having been held as required by law, on March 21, 2006, the Division and the operator <br />hereby agree as follows: <br />The amount of the penalty shall be $100.00; <br />2. The penalty shall be paid fo the Division by the operator not later than 30 days from <br />the date this Agreement is signed by all parties; <br />3. Payment of such penalty by the operator shall constitute a waiver of all further rights <br />to review of such penalty or of the violation on which it is based. <br />This agreement shall not be effective unless signed by the operator within ten days after the closing date of such <br />conference, which date is set forth below opposite the signature of the Conference Officer. <br />If not signed within tea days, the Division will fix the penalty at whatever amount it deems appropriate. The <br />fixed penalty amount will likely be the original penalty assessment, based on the factors referred io in C.R.S. 1973, <br />3433-123(8xa). ,, II <br />OPERATOR: ~1C~o~ YV~~V~~~nct L ~C DATE: AWI^-C 13 . ~/o <br />By a ~ ~~ ~~~THC cooaprNR-~'o~ <br />DIVISIO F MINERALS AND GEOLOGY <br />By ' `~~=~-- DATE: - ~II S ~ y~"(~ <br />nference Officer <br />By <br />Division Director <br />Penalty Adjustment Reviewed <br />[Rule 5.04.3(4xc)] <br />CRS 3433-123(Sxc) and (d) <br />ct+vm c~aaon ixs zomozzi iaszz~ nn+ <br />