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• <br />• <br />Extension Notice August 2011, as Recorded: <br />NOTICE OF EXTENSION OF RE- ACQUISITION RIGHTS PURSUANT TO <br />SECTION 2.a.(v) OF SETTLEMENT AGREEMENT AND MUTUAL GENERAL <br />RELEASE DATED MARCH 2004 - Calais Resources Colorado. Inc, /Calais <br />Resources, Inc: and Aardvark Agencies, Inc. - Boulder County Mining <br />Properties <br />Date of Notice: <br />To: <br />Mr. Marlowe Harvey <br />Judy Harvey <br />Aardvark Agencies, inc. <br />47015 Extrom Road <br />Chilliwack, B.C. V2R -4V1 <br />Canada <br />( "Harvey Parties") <br />From: <br />Calais Resources, Inc. <br />do Dave Young <br />8839 W. Crestline Drive <br />Littleton, CO 80123; and <br />Calais Resources Colorado, Inc. <br />Thomas S. Hendricks <br />P.O. Box 653 <br />Nederland, CO 80466 <br />2011 <br />(together, "Calais ") <br />1. Notice is hereby given of the election (the "Election ") by Calais <br />Resources Colorado, Inc. and Calais Resources, Inc. of their rights <br />pursuant to Section 2.a.(v) of that certain Settlement Agreement and Mutual <br />General Release dated March 2004, by and between Calais and the Harvey <br />Parties, et al., to extend their re- acquisition rights as to those certain <br />properties in Boulder County, Colorado described at RN 2070940, RN <br />2067199 (Amended and re- recorded as RN 2195462)(and as described on <br />Exhibit A attached hereto and incorporated herein) to extend their re- <br />