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STAT~F COLORADO <br />MINED LAND RECLAMATI DIVISION ova <br /> <br />Department of Natural Resources ~~~ - d.- ~.~, <br />N.r- : r.~.~:~`~ <br />~ <br />1313 Sherman St.. Room 2t 5 <br />Denver, CO 60203 . ~.:..~ <br />`~ <br />•~` ~~ <br />303 666-3567 're~a' <br />FA x: 303 832.8106 <br />Roy Rort:er. <br />Gavemor <br />FINANCIAL WARRANTY Micnaei B. Long. <br />Drvimon Director <br />CERTIFICATION OF DEPOSIT <br />Operator: Mi Vida Enterprises and Colina Oro Molino, I <br />Operation: Cash Mine> Who Do Mine and the ,old Hill Matt <br />Permit No.: M-83-141 <br />Bank: Norwest Bank of Boulder <br />Street: 1242 Pearl Street <br />C1ty: Boulder <br />State: Colorado <br />Area Code: 303 <br />Telephone <br />KNOW ALL MEN BY THESE PRESENTS, THAT: <br />Zip Code: 80309 <br />442-0351 <br />WHEREAS, the Colorado Mined Land Reclamation Act, C.R.S. 1973, 34-32-101, <br />et sew. (the "Act"), as amended, provides that no permit may be issued under <br />the Act until the Mined Land Reclamation Board <the "Board") receives a <br />Financial Warranty (or Warranties) as described in the Act. <br />Mi Vida Enterprises and <br />WHEREAS, Colina Oro Molino, Inc. (the "Operator), <br />a Utah and Washingtor: corporation, has applied for a perrotltd <br />to conduct a mining operation known as Cash Mine, Who Do Mine and the(the <br />"Operation"), on certain lands in Boulder County, Colorado. These <br />lands are described in the permit application, as amended and supplemented, <br />and are referred to herein as the "Affected Lands". <br />WHEREAS, in the application for the permit, the Operator has agreed to be <br />bound by all requirements of the Act and all applicable rules and regulations <br />of the Board, as amended from time to time. <br />WHEREAS, in the application for the permit, the Operator has agreed with <br />the Board to provide for reclamation of the Affected Lands that are now, or <br />may become, subject to the permit, as required by law. <br />WHEREAS, the Board has determined, in accordance with the Act, that the <br />estimated costs of reclamation of the Affected Lands are those amounts for the <br />stated periods of time as set forth herein. Said amount may be amended from <br />time to time to reflect revised estimates of said costs of reclamation. <br />Hill Mil <br />