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f- • . <br />NOTARY FOR SUCCESSOR <br />STATE OF ooLOxADO ) <br />Ss. <br />COUNTY OF ARAPAHOE ) <br />The foregoing instrument was acknowledged before me this zznd day of <br />October 1997, by Paul Fritzler ds <br />Executive Vice President Of Oxbow Mining, Inc. <br />My Commission expire <br />g•25~?.avv <br />N~ ~ ~ <br />9rC~ ~ ~ <br />, ~.G,~~O <br />.-~~ <br />CONSENT OF STATE <br />(a) Consent is hereby granted to the transfer of the Permit above referred <br />to from Oxbow Carbon ~ Minerals, Inc. t0 <br />Oxbow Mining, Inc. <br />(b) Oxbow Mining, Inc. <br />is hereby recognized as Successor Operator under such Permit. <br />(c) The bond substitution above proposed is hereby accepted and approved. <br />STATE OF COLORADO <br />DEPARTMENT OF NATURAL RESOURCES <br />MINED LAND RECLAMATION BOARD <br />DIVISION OF MINERALS AND GEOLOGY <br />Date: <br />By <br />Division Director <br />(04/90) <br />4988E <br />