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optu( <br />DIVISION OF RECLAMATION, MINING AND SAFETY <br />Department of Natural Resources <br />1313 Sherman St., Room 215 <br />Denver, Colorado 80203 <br />Phone: (303) 866 -3567 <br />FAX: (303) 832 -8106 <br />August 16, 2011 <br />Mr. Martin R. Bauer <br />Jubilee Venture, LLC <br />19754 E Euclid Dr <br />Centennial, CO 80016 <br />Re: Eagle Mine, M- 2011 -029, Permit Issuance - Hard Rock Mining Operation <br />Dear Mr. Martin Bauer: <br />On August 16, 2011 the Division of Reclamation, Mining and Safety found Jubilee Venture, LLC to have satisfied the <br />applicable requirements of C.R.S. 34 -32 -101 et seq. for obtaining a mining and reclamation permit. Therefore, a permit <br />is being issued. Two signed originals of the permit have been executed. We have kept one copy for our files and are <br />enclosing one copy for your use. It is your responsibility to comply with all of the terms of the permit. <br />1. All of the original application materials, as amended and supplemented, are an integral part of your permit. They <br />have been incorporated into the permit by reference. We presume that you have a copy of all of these materials; <br />therefore, none have been enclosed with this mailing. We suggest that you keep a copy of the permit and the permit <br />application at the mining operation as a reference for operating personnel, to help ensure compliance with the terms of the <br />permit. <br />2. Changes in the mining and reclamation operations that differ from those described in the permit may require a <br />modification to the permit. We suggest consulting the Hard Rock/Metal Mining Rules and Regulations and/or contacting <br />us to determine if a revision to the permit is necessary. Rule 1.10 pertains to Amendments, Rule 1.9 to Technical <br />Revisions, and Rule 1.11 to Conversions. <br />3. On your permit anniversary date each year, August 16, you must submit an annual fee and an annual report to us. <br />The annual fee for this permit is $633.00. Please consult the Act, Rules and Regulations, and your permit for specific <br />annual report requirements applicable to your mine. <br />If you have any questions, please contact the Division. <br />Sincerely, <br />z <br />Loretta E. Pineda <br />Division Director <br />DMC /bjc <br />Enclosure <br />alit -) — 7 00 C1 8a..0 O 002 : 70/ 0.5-12 <br />Office of <br />Mined Land Reclamation <br />STATE OF COLORADO <br />074 <br />COLORADO <br />DIVISION OF <br />RECLAMATION <br />MINING <br />SAFETY <br />John W. Hickenlooper <br />Governor <br />Mike King <br />Executive Director <br />Loretta E. Pineda <br />Director <br />Office of <br />Denver • Grand Junction • Durango Active and Inactive Mines <br />