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13033734791 <br />-SG$- <br />August 09, 2013 <br />Oxbow Mining, LLC <br />P.O. Box 535 <br />Somerset, CO 81434 <br />USA <br />Client Sample ID: <br />Date Received: <br />Matrix: <br />TESTS <br />Conductivity <br />Iron, Total Recoverable <br />pH <br />pH Temperature <br />Solids, Total Dissolved <br />Solids, Settleable <br />Solids, Total Suspended <br />Sample Notes: <br />Analysis Report <br />012 -Pond B Date Sampled: <br />07/31/2013 Time Sampled: <br />Water <br />SGS Minerals Sample ID: 072 -69870 -001 <br />07 1505 p m 08 -09 -2013 <br />07/29/2013 <br />0800 <br />Page 1 of 1 <br />1 4 <br />RESULT <br />ME_ TROD <br />REP_ ORTING ANALYZED <br />LIMIT <br />DATE /TIME <br />ANALYST <br />840 umhos/cm <br />1.2 mg /L <br />SM2510 B <br />EPA200.7 <br />1 <br />08/01/2013 1120 <br />RS <br />7.60 s.u. <br />SM4500 -H B <br />0.01 <br />0.01 <br />08/06/2013 0845 <br />SH <br />21.0 °C <br />SM4500 -H B <br />07/31/2013 1640 <br />07/31/2013 1640 <br />RS <br />450 mg/l- <br /><0.1 mUL <br />SM2540 C <br />SM2540 F <br />5 <br />08/05/2013 1600 <br />RS <br />IJ <br />44 mg/L <br />SM2540 D <br />0.1 <br />08/02/2013 1100 <br />RS <br />5 <br />07/31/2013 1430 <br />JT <br />Settleable solids received out of the EPA recommended holding time. <br />Conductivity Temperature: 21.2 °C <br />Method Reference(s): <br />"Standard Methods for the Examination of Water and Wastewater", 18th Edition, 1992; APHA- AWWA -WEF <br />"Methods for the Determination of Metals in Environmental Samples ", EPA/600 /4- 91/010, June 1991 <br />SGS North America Inc. Minerals SerWees Division Somer Rodriguez, Denver Laboratory <br />4665 Parts St Suite 6.200 Denver CO 80238 t(303)373-4772 f (303) 373-4701 www sgs com /minerals <br />Member of SGS <br />This document is issued by the Company under its General Conditions of Service accessible at http: //www.sgs.com /terms and conditions.htm Attention Is <br />drawn to the limitation of liability, indemnification and jurisdiction issues defined therein. — — <br />Any holder of this document Is advised that information contained hereon reflects the Company's findings at the time of its Intervention only and within the limits <br />of Client's instructions, If any. The Company's sole responsibility is to Its client and this document does not exonerate parties to a transaction from exercising all <br />their rights and obligations under the transaction documents. Any unauthorized alteration, forgery or falsification of the content or appearance of this document <br />is unlawful and offenders may be prosecuted to the fullest extent of the law. <br />