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OAKRIDGE ENERGY, INC. CARBON JUNCTION MINE <br />CDRMS FILE C-1992-080 <br />PHASE III BOND RELEASE APPLICATION (SL -05) <br />Date of Request: June 24, 2016 <br />Permittee: Oakridge Energy, Inc. (OEI) <br />Permit Number: C-1992-080 <br />Permit Approval Date: July 31, 1993 <br />Mine Name: Carbon Junction Mine <br />Bond Release Phase Requested: Phase III <br />Acreage: Current Permit Area: 164.19 acres <br />Maximum Area Disturbed: 77.31 acres <br />Area Sought for Release: 164.19 acres <br />Company issuing Reclamation Bond: First Capital Bank at Stonelake (cash bond) <br />Check Number: 10043 <br />Proposed Bond Amount (after release): $0.00 <br />Original Bond Amount: Unknown <br />AnnLicable Bond Amount (for bond release calculation RulMoses)• $112,165.00 <br />Current Bond Amount: $112,165.00 <br />Bond Amount Requested for Release: <br />OEI requests release of 100% of the total bond amount in accordance with CDRMS Rule <br />3.03.1(2)(b). <br />Legal Description of the Area Requested for Bond Release: The Phase III bond <br />release application requests release of bond and liability for successfully establishing <br />vegetation and completing all reclamation obligations at the Carbon Junction Mine. <br />The legal description of the permit area is: a tract of land located within Section 4, <br />Township 34 North, Range 9 West, Section 33, Township 34%2 North, Range 9 West, and <br />Section 33 of Township 35 North, Range 9 West of the New Mexico Principal Meridian, <br />La Plata County, Colorado and being more particularly described as follows: <br />Carbon Junction Mine Phase III Bond Release Application June 2016 Page 1 <br />