EXPLORATION, DEVELOPMENT AND MINE OPERATING AGREEMENT BETWEEN EMERALD MINING & LEASING, LLC GOLDEN 8 MINING, LLC AND RIO GRANDE SILVER, INC. February 21, 2008Operating Agreement • February 26th, 2008 • Hecla Mining Co/De/ • Mining & quarrying of nonmetallic minerals (no fuels) • Colorado
This Agreement is made as of February 21, 2008 (“Effective Date”) between EMERALD MINING & LEASING, LLC, a limited liability company formed under Colorado law (“EML”), the address of which is P.O. Box 628, Emerald Ranch Road, Creede, CO 81130, GOLDEN 8 MINING, LLC, a limited liability company formed under Oklahoma law (“G8”), the address of which is 6305 Waterford Blvd., Suite 300, Oklahoma City, OK 73118 and RIO GRANDE SILVER, INC., a Delaware corporation (“RGS”), the address of which is 6500 N. Mineral Dr., Suite 200, Coeur d’Alene, ID 83815.
