Ranch. Creek. Cow. Mountain

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Cow Creek Mountain Ranch Situated along the southwestern hills of the Laramie Mountains and the Medicine Bow-Routt National Forest in northeastern Albany County, Wyoming. 58 E. Benteen Street Buffalo, WY 82834 Ph 307-684-9556 Toll Free 888-684-9557 Fax 307-684-8565 Email: info@pearsonrealestate.com Website: www.pearsonrealestate.com

Location The Cow Creek Mountain Ranch is located approximately 92 miles north and east of Laramie and 109 miles south and east of Casper, Wyoming. The ranch may be accessed from Laramie by traveling north on U.S. Hwy 30 to Rock River, then proceeding northeast on the Fetterman Road, east on Garrett Road and then north on the Bear Creek Road to the ranch entrance. The ranch can also be accessed off I-25 from Wheatland at Exit 78 then west on Palmer Canyon Road to Bear Creek Road; or, from I-25 at Glendo Exit 111 then west on the Ridge Road to Esterbrook then southwest on Esterbrook Road to the north approach to the ranch. Laramie is the Albany County Seat as well as home to the University of Wyoming. It is a hub for varied recreational, cultural, and educational activities. Distances from the ranch to: Rock River 55 miles Laramie 92 miles Casper 109 miles Cheyenne 141 miles Cheyenne, the State Capitol, is just 49 miles south and east of Laramie. Denver, Colorado is approximately 103 miles south of Cheyenne. View to southeast State land & reservoir View looking south to Deer Creek. View east State Section. Page 2 For more information, contact us at (307) 684-9556 or email info@pearsonrealestate.com

Size 3,331.46± Acres Deeded 1,040.67± Acres State of Wyoming Grazing Lease 680.00± Acres BLM Grazing Permit 2,404.00± Acres U.S. National Forest Grazing Allotment 7,456.13± Acres Total Ranching Operations At elevations between 7,000 and 8,400, the Cow Creek Mountain Ranch sits along the southwestern foothills of the magnificent Laramie Mountains and the Medicine Bow-Routt National Forest. The terrain consists of open mountain meadows with some sagebrush to canyons with beautiful groves of aspen, pine and cedar to spectacular rugged rock formations providing the perfect habitat and natural cover for a variety of wildlife including trophy elk and deer. Owner-rated as a 100-110 animal unit (AU) ranch, the Windy Peak unit at the higher elevation is best utilized as summer pasture and, in a typical year, can accommodate approximately 298 head of brood cows with calves for a 4-month grazing period. Due to the drought conditions over the past years, the owner has elected to instill a two-year non-use management plan to prevent over-grazing and allow the natural forage to recoup. Pond on Willow Creek Approximately 683 acres on the northern portion of the ranch (off the Esterbrook Road) were purchased from the Wyoming Game & Fish Commission and are under development restrictions. Buildings are limited to two, 10-acre single-family cabin sites that must be approved by the Wyoming Game & Fish Commission before construction can take place. Cow Creek and Antelope Creek are the main sources of livestock water. Other smaller creeks flow through the property including Deer Creek, Willow Creek, Owl Creek, and Muddy Ford Creek. There are several seasonal springs throughout the ranch as well as two developed (fishing) ponds: one on Antelope Creek and one on Willow Creek. There is a windmill next to the Willow Creek Pond. A well supplies domestic water to the cabin. According to the Natural Resource Conservation Service (NRCS) 30- year average, the annual precipitation in the area is 18 inches with 80 to 100 frost-free days. Pond on Antelope Creek Page 3

Recreational Opportunities The Cow Creek Mountain Ranch offers excellent, year-around, outdoor recreational opportunities away from the crowd. The renowned Elk Hunt Area 7 is centered around Laramie Peak in the Laramie Mountains, an eastern Wyoming mountain range that is known for its trophy elk and is home to some of the best bulls in America. Cow Creek Mountain Ranch lies within Area 7, making it an outstanding opportunity to own a private, big-game hunting ranch. Another outstanding feature as owner of the ranch is the allotment (by the Wyoming Game & Fish) of two landowner elk permits and two mule deer permits each year in Hunt Area 7. Cow Creek and Antelope Creek are the two larger creeks that flow through the property; however, there are several other smaller streams including Deer Creek, Willow Creek, Owl Creek, and Muddy Ford Creek, some of which provide fishing opportunities for brook trout. Fishing ponds have been developed on Antelope Creek and Willow Creek and both have been stocked with rainbow trout. Fishing/picnic shelter situated on the bank of the fishing pond fed by Antelope Creek. Page 4 An abundance of natural cover for shelter, along with numerous water sources, ideal forage and unspoiled wide open spaces combine to make the Cow Creek Mountain Ranch the perfect habitat for many varieties of wildlife. For more information, contact us at (307) 684-9556 or email info@pearsonrealestate.com

View to Indian Peak in foreground & Laramie Peak in background. In addition to hunting and fishing, other recreational activities on and near the property include hiking, horseback riding, photography, 4-wheeling, camping, snowmobiling, rock climbing, wildlife watching, and backpacking. Page 5

View to Sugarloaf Mountain, Deer Creek (on left) and Cow Creek (on right). Page 6 For more information, contact us at (307) 684-9556 or email info@pearsonrealestate.com

Offering Details The Cow Creek Mountain Ranch is being offered for $3,600,000. (Three Million Six Hundred Thousand Dollars.) Seller shall require an all cash sale. Seller reserves the right to effectuate a tax-deferred real estate exchange pursuant to Section 1031 of the Internal Revenue Code and the Treasury Regulations promulgated thereunder. The Buyer shall not incur any additional liability or expense in connection with Seller s tax-deferred exchange. Mineral Rights: The Seller shall retain all mineral rights presently owned, if any. 2012/2013 Property Taxes: $2,448 (approximate). Annual State Lease Fee: $595.20 Annual BLM Lease Fee: $148.50 USFS Grazing Permit Fee: $337.50 Page 7

The beautiful main cabin is situated in very scenic setting with spectacular views of the surrounding area. The 1½ story, 1,460 sq. ft. log structure has 3 bedrooms and 2½ bathrooms and was built in 2000. This is a top-of-the-line mountain cabin with outstanding features nothing has been spared. The covered deck off the living room is a bonus comfort the perfect place to relax while taking in the picturesque scenery that surrounds the cabin. Page 8 For more information, contact us at (307) 684-9556 or email info@pearsonrealestate.com

The double fireplace between the living room and master suite provides warmth and coziness to both rooms. Large windows throughout the attractive cabin frame the picturesque vistas and invite the outdoors indoors to be enjoyed at all times. Page 9

The improvements on the Cow Creek Mountain Ranch are well-built and well-maintained structures that offer family and friends truly unique mountain camping experiences in a very pristine and private setting. The 560 sq. ft. guest cabin above the 2-car garage sleeps four and has a 3/4 bath. Nestled in a small, scenic canyon a short distance from the main cabin, the 1,080 sq. ft. bunk house (with attached shed/barn) is basic with a small kitchenette off the sleeping quarters that accommodates 6 people. An outhouse is located nearby. The 414 sq. ft. barn located off the Esterbrook Road was built in 1920 and is now in the process of being remodeled and restored. The improvements are powered by an off-grid system with a solar panel and batteries. There is a 1,000-gallon propane tank near the main cabin and a 500-gallon propane tank near the guest cabin. The cabins have electric baseboard heat. Page 10 For more information, contact us at (307) 684-9556 or email info@pearsonrealestate.com

3,331.46± Acres Deeded 1,040.67± Acres State of Wyoming Grazing Lease 680.00± Acres BLM Grazing Permit 2,404.00± Acres U.S. National Forest Grazing Allotment 7,456.13± Acres Total This map is provided as a visual aid only. Accuracy is not guaranteed. The elevation of the Cow Creek Mountain Ranch ranges from 7,000 to 8,400 feet above sea level. The mean annual precipitation for the area is 18 according to the Natural Resource Conservation Service. Approximate number of frost-free days: 80-100. Page 11

Important Information for Prospective Buyers: Seller's Notice to Potential Purchasers: Fences vs. Boundary Lines: The fence lines on the subject property may or may not represent the actual boundary lines of the property. It is the Seller's intention that where fences deviate from the actual boundary lines, such fences are fences of convenience, only, and not the actual boundary lines. Seller is selling the property in as is, where is condition, which includes the location of the fences. Notice to Buyers: Wyoming Real Estate License Law requires that the listing Broker and all licensees with the listing Broker make a full disclosure, in all real estate transactions, of whom they are agents and represent in that transaction. All prospective buyers must read, review and sign a Real Estate Brokerage Disclosure form prior to any showings. Pearson Real Estate Co., Inc. with its sales staff is an agent of the seller in this listing. This information and any other information contained in this Exclusive Listing Agreement has been obtained from sources deemed to be reliable by Pearson Real Estate Co., Inc.; however the accuracy of this information is not guaranteed or warranted by either Pearson Real Estate Co., Inc. or the sellers. Prospective buyers are expected to conduct their own independent investigation of the information contained herein. Updates and corrections may be made to this brochure as needed. All maps are provided as visual aids only. The accuracy of the maps is not guaranteed and the maps should not be relied upon for legal purposes. All statements of acreage are approximate and are based on the legal description, not the location of the fences. This offer is subject to prior sale, price change, correction or withdrawal without notice.