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By <br />State of Co i oriel d ) <br />County of 130k) ) <br />The foregoing instrument was acknowledged before me this Za th day of march <br />M arV- A Steen as .PreS I drht <br />C-aoId wit( Mines, Inc. <br />Date Executed <br />(a) The Board hereby approves the transfer of permit number VI - 1 (1611-1-11-7 <br />AIt 12 LS is SLI.0 t Ca o u LL H1 z&) <br />(b) The Board hereby recognizes L1 0(_ D k'1 L 1- /AI a) i ff l L - as Successor Operator under <br />such Permit. <br />(c) The Board hereby accepts the Performance and Financial Warranties submitted by Successor and hereby <br />releases A L L i 050 c c= , as former Permittee from all obligations under its <br />Performance and Financial Warranties. The Board further releases all affected financial warrantors from <br />obligations under Financial Warranties associated with the former Permittee. <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 />1 <br />.-7lr2_, <br />- 9 - <br />NOTARY FOR PROSPECTIVE SUCCESSOR <br />STATE APPROVAL <br />Jfor completion by Divisionl <br />Notary Public <br />My Commission Expires <br />2012 by <br />of <br />■ <br />z/ zo1/5 " <br />from <br />