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REASON FOR INSPECTION: <br />Preoperational Inspection <br />BOND CALCULATION TYPE: <br />Complete Bond <br />BOND AMOUNT: <br />$2,825.00 <br />DATE OF COMPLAINT: <br />NA <br />POST INSP. C NTACTS: <br />None <br />JOINT INSP. AGENCY: <br />None <br />WEATHER: <br />Clear <br />INS ECTO S SIGN;. TURE: <br />/ <br />SIGNATURE DATE: <br />December 13, 2011 <br />MINE NAME: <br />Farmer Girl <br />MINE /PROSPECTING ID #: <br />P- 2008 -018 <br />MINERAL: <br />Uranium and vanadii <br />COUNTY: <br />Montrose <br />INSPECTION TYPE: <br />Mineral Prospect Inspection <br />INSPECTOR(S): <br />G. Russell Means <br />INSP. DATE: <br />December 5, 2011 <br />INSP. TIME: <br />10:00 <br />OPERATOR: <br />Energy Fuels Resources Corporation <br />OPERATOR REPRESENTATIVE: <br />Jess Fulbright <br />TYPE OF OPERATION: <br />MP - Mineral Prospecting <br />COLORADO DIVISION OF RECLAMATION, MINING, AND SAFETY <br />MINERALS PROGRAM INSPECTION REPORT <br />PHONE: (303) 866 -3567 <br />‘&11 <br />The Division of Reclamation, Mining, and Safety has conducted an inspection of the mining Operation <br />noted below. This report documents observations concerning compliance with the terms of the permit <br />and applicable rules and regulations of the Mined Land Reclamation Board. <br />GENERAL INSPECTION TOPICS <br />This list identifies the environmental and permit parameters inspected and gives a categorical evaluation of each. No <br />problems or possible violations were noted during the inspection. The mine operation was found to be in full compliance with <br />Mineral Rules and Regulations of the Colorado Mined Land Reclamation Board for the Extraction of Construction Materials <br />and /or for Hard Rock, Metal and Designated Mining Operations. Any person engaged in any mining operation shall notify <br />the office of any failure or imminent failure, as soon as reasonably practicable after such person has knowledge of such <br />condition or of any impoundment, embankment, or slope that poses a reasonable potential for danger to any persons or <br />property or to the environment; or any environmental protection facility designed to contain or control chemicals or waste <br />which are acid or toxic- forming, as identified in the permit. <br />(AR) RECORDS <br />(HB) HYDROLOGIC BALANCE <br />(SM) SIGNS AND MARKERS <br />(ES) OVERBURDEN/DEV. WASTE <br />(AT) ACID OR TOXIC MATERIALS <br />Y (FN) FINANCIAL WARRANTY <br />N (BG) BACKFILL & GRADING <br />(PW) PROCESSING WASTE /TAILING - -- N (SF) PROCESSING FACILITIES <br />(MP) GENL MINE PLAN COMPLIANCE- N (FW) FISH & WILDLIFE <br />N (RD) ROADS Y <br />Y (EX) EXPLOSIVES N <br />N (TS) TOPSOIL Y <br />N (RV) REVEGETATION N <br />N (SP) STORM WATER MGT PLAN - - -- N (SB) COMPLETE INSP - - -- N <br />N (SC) EROSION /SEDIMENTATION - -- Y (RS) RECL PLAN /COMP -- N <br />N (OD) OFF -SITE DAMAGE N (ST) STIPULATIONS <br />N <br />Y = Inspected and found in compliance / N = Not inspected / NA = Not applicable to this operation / PB = Problem cited / PV = Possible violation cited <br />Page 1 of 2 <br />