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• <br />• <br />XXIV. NOTICES <br />25.1 Any notice required hereunder shall be in writing, hand delivered or mailed by <br />certified mail addressed as follows: <br />OWNER: DUANE A. SMITH, TRUSTEE <br />Duane A. Smith Revocable Trust <br />2911 Cedar Avenue <br />Durango, CO 81301 <br />LESSEE: CALAIS RESOURCES COLORADO, INC. <br />P.O. Box 653 <br />Nederland, CO 80466 -0653 <br />WITH A <br />COPY TO: John R. Henderson, Esq. <br />Vranesh & Raisch, LLP <br />P.O. Box 871 <br />Boulder, CO 80306 -0871 <br />25.2 Notice shall be complete upon delivery or attempted delivery to the party being <br />notified. <br />25.3 Addresses for notices under 25.1 above may be changed upon written notice to <br />the party. <br />26.1 Either OWNER or LESSEE may request that this MINING LEASE be recorded <br />in the records of Boulder County, Colorado. <br />XXVIL ASSIGNMENT <br />27.1 This MINING LEASE may be assigned by OWNER or LESSEE, but such <br />assignment shall not be effective until written notice of such assignment is delivered to the non - <br />assigning party. No assignment shall relieve assignor of any obligation previously incurred. <br />s: t lientlhendricics\calaisgen\smith mining lease.rtf <br />XXVI. RECORDING <br />15 <br />Page 150 <br />