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"CONFIDENTIAL INFOR*IATION" <br />INTRODUCTION <br />• GEX currently holds Federal Lease No. C-01538 consisting of 2560 acres located <br />in the Palisade Coal District, Mesa County, Colorado, <br />Included in Federal Lease No. C-01538 is approximately 220.8 acres of old <br />workings, last mined in 1969 (Cameo Mine). <br />The Cameo "B" seam is the major mineable reserve in the area. This seam has <br />• <br />been extensively mined in the area and further development is planned by various <br />concerns. The CAmeo "B" seam dips 5% in a N 30° E direction. <br />The Cameo "C" seam has not been mined in or near the lease area. No future <br />mining of the "C" seam is planned in the lease. The "C" seam dips 4% in a N 30° E <br />direction. <br />LOCATION AND DESCRIPTION <br />The lease is located 4 miles northeast of Palisade, Colorado at the Cameo Exit <br />on I-70. The lease is on the west side cf the Colorado River near the Public Service <br />Company of Colorado power generating plant. <br />Legal Description: United States Coal Mining Lease, Serial No. C-01538, <br />covering the following acreage: <br />Township 10 South, Range 98 [Jest, Flesa Count}', Colorado <br />Section Description Approx. Acreage <br />32 All 640 <br />33 NIJ'4, N'z of SW`,, 240 <br />28 1J1= of :~'k'~ ~ 80 <br />29 All 640 <br />20 S'z, S~ of N'-~ 480 <br />21 S'~, S'~ of N'~ 480 <br />Total acreage for Coal Lease C-01536 <br />2,560 <br />• <br />