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W T COHAN & ASSOC~ <br />12/03/1997 12:15 97024590 es5a aAf,1t(.-tKa <br />12/oJ: 97 On: Sti 'Q67o <br />ASSIGNME~'T ~•• 166t E <br />PAGE 02 <br />,,,, ... <br />X30 03AI3~3?! <br />Inconsideration of ten dollars (310.00) end other good and valuable consideration, the <br />receipt and sufficiency of which is hereby acknowledged, the undersigned, Biake MSr.ing Company <br />the Assignor, hettby sells, assigns, <br />andtrsnsfersto Telluride Mining Company, Inc. ,alithe <br />right, title, end interest of the Assignor in Mining Lease No. AT(OS-l rMI.~O.g-c-Jn-S , <br />doted and effective Jsnuar. r 27. 199' ,between the United States of America <br />represented by the United States Department of Energy. Said Assignment is conditioned upon <br />obtaining fire approval therefor front the Contracting Oflicer of the United S?arcs Department of <br />Energy designated in said Miring Lease. <br />Executed this ~_ day of January , 1997 <br />ATTEST: <br />ASSI(}IQOR9LANE MINING CO?lPAN7f <br />BY r!~ <br />E orot lS.efe <br />ASSUMPTION AGREEMENT <br />~fhe undersigned, telluride Mining Cam~eny, Inc. , as ASSignee <br />designated in ?he foregoing Assignment, hereby esstunes the duties of performanx of a!1 of the <br />obligations required of the Lessee in the Mining Lease specified in said Assignment, including <br />but not limited to ell redamntion requiicmentti, and fwlhcr ngrces to be hound by ail of the tcnns <br />and cunuitiuns thcrcoito th_ some cxtcm as i1 the wtdcrsigr+ed had been an original signatory <br />party to said Mining I,case. <br />Executed Ntis ~~ day of Jencary , 1997 <br />ATTEST: <br />B'~f <br />TITLt Presideit <br />APPROVAL OF CONTRACTING OFFICER <br />COMPANY. INC. <br />Yunuant :o Paragraph XX of the Mining Lease pore particular;y identified in tae <br />foregoing Assignment. approval of the United States Departntcn' of Energy 's hereby given to <br />said Assignment. <br />Dated t!tis __,~_ day of, 19~ <br />UNITED STATES DEPARTMEN' Or'. F VERGY <br />- ~ ~,' Received <br />,Q~~p~1997 <br />putango Field Office <br />