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THE FOLLOWING PROPERTY IS SITUATED IN MONTROSE COUNTY, STATE OF COLORADO TOWNSHIP 50 NORTH, RANGE 6 WEST, NEW MEXICO PRINCIPAL MERIDIAN: SECTION 3: LOT 4, SW1/4 NW1/4, CATHEDRAL PEAK RANCH TRACT #112 (NW1/4 SW114) SECTION 4: LOT 4, S1/2 NW114, N112 SW1/4, N1/2 SE1/4, SE1/4 NE11.4 SECTION 5: S1/2 NE1/4, NE1/4 SE1/4, SE1/4 NW1/4, PART OF THE SW1/4 NW114 DESCRIBED BY METES AND BOUNDS, LOTS 1, 2,3 AND 4, EXCEPTING FROM SAID LOT 4, A TRACT OF LAND DESCRIBED AS FOLLOWS: BEGINNING AT THE NORTHWEST CORNER OF SAID LOT 4; THENCE SOUTH 80 RODS, MORE OR LESS, TO THE SOUTHWEST CORNER THEREOF; THENCE EAST ON SOUTH BOUNDARY LINE THEREOF 40 RODS; THENCE NORTHWESTERLY IN A DIRECT LINE TO PLACE OF BEGINNING TOWNSHIP 51 NORTH, RANGE6 WEST, NEW MEXICO PRINCIPAL MERIDIAN: SECTION 29: SW1/4 SW1/4 SECTION 30: E1/2 SE1/4 SE1/4 SECTION 31: E1/2 NE1/4 NE1/4, PART OF THE SE1/4 SE1/4 DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHEAST CORNER OF SECTION 31; THENCE NORTH 1328.5 FEET; THENCE NORTH 88"12'00" WEST, 721.0 FEET; THENCE SOUTH 3°24'00" EAST, 512 FEET; THENCE SOUTH 67°38'00" WEST, 357.0, FEET; THENCE SOUTH 17°00'00" EAST, 735.0 FEET; THENCE NORTH 89"50'00" EAST, 805.5 FEET TO PLACE OF BEGINNING; ALSO A TRACT OF LAND LOCATED IN THE SE114 SE1/4 DESCRIBED AS BEGINNING AT A POINT 721.0 FEET WEST OF THE NORTHEAST CORNER OF SE1/4 SE1/4 ON THE NORTH LINE OF SAID SE1/4 SE1/4; THENCE SOUTH 3°24'00" EAST, 512.0 FEET; THENCE SOUTH 67"39'00" WEST, 227.0 FEET; THENCE NORTH 16°53'00" WEST, 621.2 FEET TO SAID QUARTER SECTION LINE; THENCE EAST, 360.0 FEET TO PLACE OF BEGINNING SECTION 32: SE1/4, S1/2 NE1/4, SE1/4 NW1/4, E1/2 SW1/4, SW1/4 SW114, NW114 NW1/4, NW1/4 SW1/4 NW1/4, E1/2 SW1/4 NW1/4, NE1/4 NW1/4 SW1/4, S112 NW1/4 SW1/4 AND ALL THAT PART OF THE SW1/4 SWIM NW1/4 AND NW1/4 NW1/4 SW1/4 LYING EAST OR SOUTH OF CLEARFORK ROAD SECTION 33: S1/2 NW1/4, N1/2 SW1/4, NW1/4 SE1/4, ALSO KNOWN AS EAST MOTT RANCH (04043374.PFD/04043374/6 ) Mott pit, March 2009 G-3