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7/28/2015 State.co.us Executive Branch Mail -RE: Oxbow Relinquishment of Exploration License COC76319 and NOI-X-2012-22311 <br />Thanks, <br />Jason <br />On Mon, Jul 27, 2015 at 2:38 PM, Jim Kiger <Jim.Kiger@oxbow.com> wrote: <br />All: <br />First: <br />Recall that OMLLC had approval for a two borehole BLM Exploration License COC76319 for the area we called <br />Oak Mesa North. <br />Oxbow had not submitted an NOI application to CDRMS because of the economic uncertainty of the coal market <br />and the uncertainty as to whether we would conduct the exploration. <br />Subsequently, such economic uncertainty has led Oxbow to decide to relinquish the Exploration license without <br />drilling the boreholes. <br />Please see the BLM Decision for relinquishment of the subject License and the terminated Lexon Bond <br />Second: <br />Oxbow has also reviewed the reclamation associated with the initial Oak Mesa Project under COC74911 and <br />NOI-X-2012-223-11. We believe the area is ready for a final bond release inspection. Desty Dyer of BLM has <br />likewise expressed interest in conducting an inspection in early September. Oxbow would like to initiate such a <br />coordinated inspection with the two agencies. <br />Please advise. <br />Regards <br />James A. Kiger <br />Environmental Manager <br />Oxbow Mining, LLC., Elk Creek Mine <br />P.O. Box 535 <br />Somerset, Co. 81434 <br />970-929-5805, fax: 970-929-5177 <br />https://m ail.googl e.com/mail/u/0/?ui=2&i k=e29129fcb5&view= pt&search= i nbox&th=14edl5f500bac2cl &si m l=14edl5f500bac2c 1 2/3 <br />