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<br />YAMPA VALLEY ELECTRIC ASSOCIATION <br />May 12, 2011 <br />Jubilee Ventures LLC <br />c/o William D. Collins <br />20802 Pleasant Park Road <br />Conifer, Co 80433 <br />Re: Eagle Mine Project <br />Dear Mr. Collins, <br />P.O. Box 771218 <br />Steamboat Springs, <br />Colorado 80477 <br />Phone: 970.879-1160 <br />Fax: 970-879-7270 <br />Internet: httpAm.yvea.com <br />Yampa Valley Electric Association has inspected the proposed location of your <br />mining project in relation to our existing single phase overhead power line. It is our <br />estimate that according to your provided GPS coordinates the southeast corner of the pit <br />will be approximately 69 feet from the centerline of our easement and the nearest pole. <br />Yampa Valley Electric Association does not object to the mining operation as <br />long as the above mentioned distance of 69 feet is not reduced without a representative of <br />YVEA first inspecting the location. <br />If at anytime the overhead power line is damaged or must be moved as a result of <br />Jubilee Ventures LLC -mining operation all costs will be the responsibility of Jubilee <br />Ventures LLC. <br />If you have questions please do not hesitate to contact me at (970) 871-2250 or <br />our ROW agent Jerry Nanio at (970) 871-2297. <br />Res c lly, <br />Marty Hins n <br />Engineering Manager, YVEA <br />The foregoing instrument was acknowledged before me this <br />2011, by M a ray ) nsoyn, <br />Witness my hand and official seal. <br />s <br />otary blic <br />' -My Commission expires: <br />J <br /> <br />A Touchstone Energy' Cooperative <br />day of ?, <br />Printed on Recycled Paper!