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MINE ID # OR PROSPECTING ID#: M-1983-141 PAGE: 2 <br />INSPECTION DATE: 6-12-09 INSPECTOR'S INITIALS: ACS <br />OBSERVATIONS <br />A GPS survey was done at the secondary escape-way shaft. The <br />construction of this shaft was cited as a problem in the Division's <br />report of inspection conducted 5-6-09. The shaft is located at <br />40°03' 40.25992"N 105°23' 57.41302"W, 7896'. <br />No mining has occurred at the Cash Mine in 2009. If operations do not <br />re-commence prior to the end of the year, Mount Royale Ventures must <br />file for temporary cessation in accordance with Rule 1.13 of the <br />Mineral Rules and Regulations of the Mined Land Reclamation Board. <br />Portions of the Cash and Who Do Mines Permit are on unpatented claims, <br />which is land managed by the Bureau of Land Management (BLM). <br />Therefore, the existing financial warranty (bond) form must be replaced <br />by a BLM bond form; see PB-1 on the 3rd page of this report. A blank <br />BLM bond form is enclosed. <br />A number of permit boundary markers were observed. These consist of <br />surveyor's lath which is not sufficiently robust to meet the boundary <br />marking requirement. Each change in direction of permit boundary must <br />be marked; see PB-2 on the 3rd page of this report. <br />cc: Tony Waldron, DRMS (via email) <br />Melissa Smeins, BLM <br />Mark Steen <br />Thomas Finch <br />Inspection & Enforcement Contact Address <br />NAME R.T. Heard <br />OPERATOR Mount Royale Ventures, LLC <br />STREET P.O. Box 19754 <br />CITY/STATE/ZIP Boulder, CO 80308