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New Horizon Mine <br />I. General <br />Western Fuels -Colorado, L.L.C., New Horizon Mine, Permit No. C-1981-008 (dated October 29, <br />2013- latest renewal 6), is submitting this application for Phase I performance bond release. <br />New Horizon Mine is requesting that a total of 23.5 acres be Phase I released with this <br />application. <br />The current bond amount for the entirety of New Horizon Mine is $5,005,184, and the New <br />Horizon Mine currently holds a self -bond in the amount of $5,300,000. With this application, <br />New Horizon Mine is requesting relinquishment of 60% of the bond held for the Phase I parcels. <br />II. Summary Information <br />A. General Location Description <br />The 23.5 acres requested for Phase I are located within Montrose County, Colorado and are <br />generally descripted as: <br />In the N1/2& SE1/a of Section 6 Township 46 North, Range 15 West and SWl/a of Section 31 <br />Township 47 North, Range 15 West of the 61h P.M., County of Montrose, State of Colorado. <br />Please refer to Map 1 for the exact locations. <br />SL -18 Phase I Bond Release Application Page 1 <br />