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STATE OF COLORADO <br />DIVISION OF RECLAMATION, MINING AND SAFEW <br />Department of Natural Resources <br />1313 Sherman St., Room 215 <br />Denver, Colorado 80203 C O L O R A D O <br />Phone, (303) 86&3567 D 1 Y i 5 1 ON o x <br />RECLAMATION <br />FAX: (303) 832-8106 <br />MINING <br /> <br /> SAFETY <br /> Bill Ritter, )r. <br /> Governor <br />STATEWIDE PROSPECTING BOND <br /> Harris D. Sherman <br />ON BUREAU OF LAND MANAGEMENT LAND Executive Director <br /> Ronald W. Cattany <br /> Division Director <br />25-11-00 <br />Prospecting Bond No., Harural Resmirce Trustee <br />This form has been approt?ed by the Mitred Land Reclamation Board pursttat:t to sections 34-32-117, C.R.S., <br />of the Mitred Land Reclamation Act and 34-32.5-117, C.R.S., of the Colorado Land Reclamation Act for the <br />Extraction of Construction Materials Any alteration or modif cation of tl s form6 without approval by the <br />Board shall result in the fwancial warranty being invalid and result In the voiding of any permit issued in <br />conjunction with such lnvalld financial. warranty and subject the operator to cease and desist orders and civil <br />,penalties for operating w4drout. a permit pursuant to sections 34-32-123, C.R.S., of the Mined Land <br />Reclamation Act and 34-32.5-123, CR.S.,.of the Colorado Land Red". unction Act for the Extraction of <br />Construction Materials. <br />KNOW ALL MEN BY THT?$]? PRESENTS, that we. (i), Denison Mines (USA) Corp. . of the <br />Denver Colorado <br />County of in the State of as Principal(s) and <br />National Union Fire Insurance Company of Pittsburgh, PA of (address) 1700 Market Street, Suite 1800, Philadelphia, PA a corporation <br />organized and existing under tlic jaws.of the State of Pennsylvania and duly authorized to transact business in <br />the State of Colorado,. as Surety, are held hereby and .fumly bound unto the State of Colorado, acting through the Mined Land <br />Reclamation Board in the sum of. Fifty Thousand Dollars ;($_ 50'000 far the payment of <br />which sum, well' o d truly to be made, we hereby bind ourselves, and each of our legal representatives, executors, administrators; <br />successors and assigns, jointly and severally, firmly by these presents. <br />WHEREAS, the- Frincipal lsas"filed Notices of I:ttent to Conduct Prospecting Operations *ith the Mined Land Reclarnation.Board on the <br />premises indicated on;fl)e.Notices Qf.Tntcnt filed withtlie Board which arc"attached hereto and thereby incorporatedbyreference, to Wit;. <br />Nrotices:ofIntent which rvay be riled in the f4wre Nvill:also be attached hereto aad fhereby.incotpotated by reference. <br />NOW, T HtREFORE,:ilie conditions of this obligations are such that if, the abgvorbounded Principal shall, iii condtrcting.sucli <br />prospecting operations, faithfully perform the provisions ofthe Notices ofTntent to ConduetProspe;ctitig operations filed or to be filed <br />with the Mined Land:Redamafion Board and the requirements ofthe plan to impiemeut reclamation measures to reclaim all ofthe,lands <br />affected throughout the State by such prospecting operations, approved and modifiedbythe Mined Land Reclamation Board, relating to <br />the Colorado Mined Land Reclamation Act; as 4thended (Section 34-32-10l. gJM., C.R.S.Y. and the Rules and Regulations adopted <br />pursuant thereto; upon flie Mined Land keclamation Board snaking the finding that all of the lan6 described in the NIotices of Intent to <br />Conduct Prospecting Operations filed or to be filed with the Board which are attached hereto and thereby incorporated by reference <br />have been satisfactorily reclaimed and approving the Operator's request for a bond release on such lands, then this obligation shall be <br />exonerated a aid , discharged and become null and void; wherwise to remain in full force. and effect. <br />Office of Office of <br />.Mined l and: Redarhatfon Deriver 4 Grand Junction - Durango Active and Inactive Mines