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TATE OF COLORADO <br />DIVISION OF RECLAMATION, MINING AND SAFETY <br /> <br />C6,nfi ® D <br />FEB A X: <br />19 2009 <br />Division of Reclamation, <br />Mining and Safety <br />ONE SITE EXPLORATION FINANCIAL WARRANTY" <br />CORPORATE SURETY <br />Exploration Financial tl-arrantY- No. <br />Notice of Intent No. <br />BOND NO. 105203323 <br />COLORADO <br />t; ;-`± I t? N t i S <br />1:ICL AMATION <br />:MINING <br />SAFETY <br /> <br /> <br />This form has been approved by rhe:Mined Land Reclamation Board ("Board') pursuant to section 34-32.5-11 i, CR.S., <br />of the Colorado Land Reclamation A ctfor the Extraction of Construction Alaterials. Any alteration or modification of <br />this form, without approval by the Board shall result in the financial warranty being invalid and result in the voiding of <br />any permit issued in conjunction with such invalid financial warranty, and subject the Explorer to cease and desist <br />orders and civil penalties for exploring without a permit pursuant to section 34-32.5-123, C.R.S., of the Colorado Land <br />Reclamation Act for the Extraction of Construction .Materials. <br />KNOW ALL MEN BY THESE PRESENTS, That x.,e (I), GCC Rio Grande. Inc <br />ofthe County of :Piieblo in the State of Colorado as <br />Principal(s) and Travelers Casualty and Surety Company of America of (address) 46>0 Westi aY Park <br />BINA. Houston. TX 77041 , a corporation organized and existing under the laws of the State of <br />Colln€cticut and duly authorized to transact business in the State of Colorado, as Surety. are (am) <br />held hereby and firmly bound unto the State of Colorado, acting through the Mined Land Reclamation Board in the sum <br />of T«entv Thousand Six Hundred and No/100------------------------Dollars ($ 20.600.00--------------- -) for the payment of <br />which sum, well and truly to be made, we (1) hereby bind ourselve(s), and each of our (my) legal representatives. <br />executors, administrators, successors and assigns, jointly and severally, firmly by these presents. <br />A'HERE S, the Pi-incipa= hLs fled Notices of Inte.r.,t to Conduct I"xplora'kin'OLVratlons ftil the Board on the preinises <br />3•'.i[?l'Qi'c}F'(? .;?# i!ic-. C-.zf_c... of hi'i ;4-d " :th 14 <br />.lad{.€ h <br />Agri-Cal #1 Mine. Fremont Count-. CO_ Permit #M-1997-064 <br />N'O1V, THEREFORE, the Conditions of this obligation are such that ifthe above-bounded Principal shall, in conducting such <br />exploration operations, faithfully perform the prop isions of the Notices of intent to Conduct Exploration operations filed or <br />h,,. tiled' viith thi 1' :""'trd an the f-r ,1, t t:. ^,f tlaf: t; m kl" fnt f. t <br />, 'Cft° t plan il2;T l t2.?X> f .( '`..r'S !.' el! ?f 3r- s2:r;1 <br />St:P tf'rd i r'.,ti li'. c3! "le ?Miez 5.. :.3r tS .:s , ._S_F, r z r i ? f <br />,>,1*rjmveo ai:r w'x'4.i C-d "`i tslt €„ t rat C t.wand t ed"' t,ta.li?r d <br />:r e:°!c E err S -tL a <br />urs"larat thin V.'. tt' <br />(f;ii:;.: ;. <br />lute(( L!!'d 1'.t`C a;Tk.S itc: t? Itr r:(:pr s (nevi junctio ri > Durango A, ?. ,nd ir!;ict 'e 1,tiner