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By <br />(a) Consent is hereby granted to the transfer of the Permit referred to from Mount Sneffels Mining Company, LLC <br />Walker Ruby Mining Company, Inc. <br />(b) Walker Ruby Mining Company, Inc. is hereby recognized as Successor Operator under such Permit. <br />(c) The Performance and Financial Warranty substitution above proposed is hereby accepted and approved. <br />STATE OF COLORADO <br />DEPARTMENT OF NATURAL RESOURCES <br />MINED LAND RECLAMATION BOARD <br />DIVISION OF RECLAMATION, MINING AND SAFETY <br />Division Director <br />Date Executed <br />'VI fil <br />M: \min\share \vsforrns \07 -07 -01 vsforms \Transfer Mineral Permit 07/25/2007 <br />-6- <br />CONSENT OF STATE <br />