2007-10-18_REVISION - M1982020 (3)

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STATE OF COLORADO DIVISION OF MINERALS AND GEOLOGY ~ Department of Natural Resources ~~, «`~ 1313 Sherman 51., Room 215 ~ n ~ ~ Denver, CO 80203 • ~ r~y. Phone: (303)866-3567 FAX: (303) 832-8106 Roy Romer FINANCIAL WARRANTY GOVern~r CERTIFICATION OF DEPOSIT Divson Ditrecror i operator: /yI~ L.vi>v ~ G ~eseN Operation: /,u c%Sy STl1i'l~(e ~..v~. ~~~~ 199 Permit No.. /y- STe?-l b a-o f': Bank: ~ !> ivyv is o ti ~~N/~C >< TK ~ s T Street: ~ 3 ~. UJ e sT Ta n~ i i- ~ f' , f} U2 - City: Gv ivniis o n/ State: ~o {.o Zip Code: Q/ }-3D Area Code: 33 0 3_ Telephone: l ~//-' 63 }o KNOW ALL MEN BY THESE PRESENTS, THAT: WHEREAS, the Colorado Mined Land Reclamation Act, C.R.S. 1973, 34-32-101, et seg. (the "Act"), as amended, provides that no permit may be issued under the Act until the Mined Land Reclamation Board (the "Board"> receives a Financial Warranty (or Warranties) as described in the Act. WHEREAS, __~ l~v ~~lv ~ G rd t~ S~ N (the "Operator), a ~A /C 7'h•22 S h ~'~ cor~era-t-~eR, has applied for a perms t to conduct a mining operation known~~as ~,uc-~V ~T/2i/~CP (the "Operation">, on certain lands in (T~ N N f,$e N County, Colorado. These lands are described in the permit application, as amended and supplemented, and are referred to herein as the "Affected lands". WHEREAS, in the application for the permit, the Operator has agreed to be bound by all requirements of the Act and all applicable rules and regulations of the Board, as amended from time to time. WHEREAS, in the application for the permit, the Operator has agreed with the Board to provide for reclamation of the Affected Lands that are now, or may become, subject to the permit, as required by law. WHEREAS, the Board has determined, in accordance with the Act, that the estimated costs of reclamation of the Affected Lands are those amounts for the stated periods of time as set forth herein. Said amount may be amended from time to time to reflect revised estimates of said costs of reclamation.