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pF COQ III IIIIII III IIII III ~.~'- 9~ ~~ ~ COLORADO DIVISION OF MINERALS AND GEOL~ ~ _ 999 ~• 1313 Sherman Street, Room 215, Denver, Colorado 80203, (303) 866-3567 '87~ RECtl1/ED SETTLEMENT AGREEMENT DEC 15 9997, NOV/CO NO.: CV-97-014 ,)iNiniOn Of wtin8r(,19 ~, (~l'.O,^ MINE: Bowie No. 2 Mine PERMIT NO.: C-96-083 OPERATOR/PERMITTEE: DATE ISSUED: August 14, 1997 TYPE OF MINE: underground/Federal COUNTY: Delta Bowie Resources Limited ATTENTION: W.A.Bear ADDRESS: P.O. Box 483 Paonia, CO 81428 The Division of Minerals and Geology ("the Division") issued a certain Notice of Proposed Amount of Civil Penalty, and the operator requested a conference thereon, as authorized by C.R.S. 1973 34-33-123(8). The requested conference having been held as required by law, on November 12, 1997, [he Division and the operator hereby agree as follows: 1. The amount of the penalty shall be $2,750.00; 2. The penalty shall be paid to the Division by the operator not later than 30 days from the date this Agreement is signed by all parties; 3. Payment of such penalty by the operator shall constitute a waiver of all further rights to review of such penalty or of the violation on which it is based. This agreement shall not be effective unless signed by the operator within ten days after the closing date of such conference, which date is set forth below opposite the signature of the Conference Officer. If not signed within ten days, the Division will fix the penalty at whatever amount it deems appropriate. The faxed pera[ty amount wi!! likely be the orieinal penalty assessment. based on the factors referred to in C.R.S. 1973, 34-33-123(8)(a). OPERATOR: e pUi i e ~nS®i> CG~_r ~T-P DATE: ~p~, /,a r (Sg ~ BY ~~ ~ /~7~e.t41 DIVISION OF MINERALS AND GEOLOGY: // By _ ~`l~~ 6 ~~~~/~( DATE ~~nference Officer "°""`~~~ By Division Director /z- z- y7 Penalty Adjusunent Reviewed (Rule 5.04.3(4)(c)] CRS 34-33-123(8)(c) and (d) M ~OSSURCITFAIP,CNVIC08J.IID