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COLORADO <br /> Division of Reclamation, <br /> Mining and Safety <br /> Department of Natural Resources <br /> 1313 Sherman Street, Room 215 <br /> Denver, CO 80203 <br /> June 14, 2016 <br /> Basil Bear <br /> Bowie Resources, LLC <br /> P.O. Box 1488 <br /> Paonia, CO 81428 <br /> Re: Bowie No. 1 Mine (Permit No. C-1981-038) <br /> Bond Release Application No. 5 (SL-5) <br /> Dear Mr. Bear: <br /> In accordance with Rule 3.03.2(5)(b) of the Rules and Regulations of the Colorado Mined Land <br /> Reclamation Board for Coal Mining (Rules), you are hereby notified that the Division's decision <br /> to approve Bond Release Application No. 5 for the Bowie No. 1 Mine became final on June 4, <br /> 2016. <br /> Bond Release No. 5 reduces your reclamation liability by ($175,373.56). The current liability is <br /> now $3,264,189.05. The Division suggests you provide a copy of this letter (and, for federal <br /> operations, copies of the OSM and BLM concurrence letters) to your bonding company for <br /> written evidence of approval to reduce your bond. If you choose to reduce or replace your <br /> existing bond, it must equal or exceed $3,264,189.05. If this release constitutes a full and final <br /> bond release, the Division will return your performance bond to you as soon as possible. <br /> If you have questions or need additional information, please contact me. <br /> Off'Co <br /> 1313 Sherman Street, Room 215, Denver, CO 80203 P 303.866.3567 F 303.832.8106 http://mining.state.co.us <br /> John W. Hickenlooper, Governor I Robert W. Randall, Executive Director Virginia Brannon, Director * * <br /> '�1R76 <br />