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�.i <br />DIVISION OF AND GEOLOGY <br />Department of Natural Resources <br />Operator Homestaka Mining Company <br />Operation_ Pitch Mine <br />PermitNo.: M77 -004 BondNo.: 6068126 <br />Warrantor Safeco Insurance Company of America <br />Street: 400 Taylor Blvd. <br />City: Pleasant Hill <br />State: California Zip Code: 94523 <br />Area Code: . 925 Telephone: 969 -2000 <br />STATE OF COLORADO <br />UUrettrom or <br />1313 Sherman St, Room 215 MINERALS <br />Denver, Colorado 80203 <br />Phone: (303) 866.3567 GEOLOGY <br />FAX: (303)831.6106 niMINC sAUEii <br />FINANCIAL, WARRANTY <br />CORPORATE SURETY <br />Silt Ow'1s <br />Governor <br />KNOW ALL MEN BY THESE PRESENTS, THAT: <br />WHEREAS, the Colorado Mined Land Reclamation Act, C.R.S. 1973, 34-32 -101 ei seq. (the "Act "), as <br />amended, provides that no permit may be issued under the Act until the Mined Land Reclamation Board (the <br />"Board") receives a Financial Warranty (or Warranties) as described in the Act. <br />WISE L Homestake Mining Company (the "Operator"), a <br />California corporation, has applied for a permit to conduct a mining operation known as <br />Pitch Mine (the "Operation "), on certain lands in Saguache County, <br />Colorado. These lands are described in the permit application, as amended and supplemented, and are referred <br />to herein as the "Affected Lands ". <br />WHEREAS, in the application for the permit, the Operator has agreed to be bound by all requirements of <br />the Act and all applicable rules and regulations of the Board, as amended from time to time. <br />WHEREAS, in the application for the permit, the Operator has agreed with the Board to provide for <br />reclamation of the Affected Lands that are now, or may become, subject to the permit, as required by law. <br />Gres E. Watcher <br />Eneudre Dtreaor <br />r achad 8. Lone <br />t>r <br />