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<br />-6- <br />CONSENT OF STATE <br />(a) Consent is hereby granted to the transfer of the Permit referred to from T M Russell & <br />R C Bareer to Pioneer Sand Comoanv. Inc. <br />(b) Pioneer Sand Comoanv. Inc. is hereby recognized as Successor Operator under such Permit. <br />(c) The Performance and Financial Warranty substitution above proposed is hereby accepted and <br />approved. <br />STATE OF COLORADO <br />DEPARTMENT OF NATURAL RESOURCES <br />MINED LAND RECLAMATION BOARD <br />DNISION OF MINERALS AND GEOLOGY <br />By ~F!~ ~ e~~ C <br />Division Director <br />Date Executed ~ 7~ Z 3 ~ y <br />