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I�` <br />OXBOW MINING, LLC <br />3737 Hwy 133 P.O. Box 535 Somerset, Colorado 81434 USA Tel (970)929-5122 Fax <br />(970)929-5177 <br />June 8, 2015 <br />Mr. Charlie Beecham <br />Bureau of Land Management <br />Colorado State Office <br />2850 Youngfield Street <br />Lakewood, CO. 80215 <br />Re: Exploration License COC76319 <br />Notice of Merger/ Successor and Request for Relinquishment of License <br />Dear Mr. Beecham, <br />On October 1, 2014, the BLM issued Oxbow Mining Oak Mesa LLC the subject Exploration <br />License. <br />On March 31, 2015 Oxbow Mining Oak Mesa LLC was merged into Oxbow Mining, LLC. <br />Oxbow Mining, LLC is the successor of all interests in Oxbow Mining Oak Mesa LLC. Please <br />see the attached copy of the Corporate Resolution for merger information. <br />Today, in accordance with the License Section 11. Relinquishment of License and 43 CFR <br />3410.3-1(d) Oxbow Mining LLC is requesting that the license be relinquished in whole. Be <br />advised that we have not performed any surface disturbing activities provided for under the terms <br />of the Lease. Therefore, we are also requesting that the Lexon Insurance Company, Reclamation <br />Bond Number in the amount of $18,000.00 be released/returned to Oxbow. <br />Please contact me at 970-929-5122 if you have any questions concerning the attached <br />information. <br />Sincerely, <br />d � <br />Mi e Ludlow <br />President <br />C— c) . <br />C= <br />Xe: Attachment <br />Files <br />x,. r• <br />0 Page 1 <br />