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OXBOW MINING, LLC <br />3737 Hwy 133 P.O. Box 535 Somerset, Colorado 81434 USA Tel (970)929.5122 Fax (970)929-5177 <br />February 27, 2019 <br />Mr. Leigh Simmons <br />Environmental Protection Specialist <br />Colorado Division of Reclamation, Mining and Safety <br />1313 Sherman Street, Room 215 <br />Denver, Colorado 80203 <br />Re: Oxbow Mining, LLC., CDRMS Permit C-1981-022, Partial Bond Release Request <br />for the Elk Creek and Sanborn Creek Mines <br />Dear Mr. Simmons: <br />The following information is provided as an application for a partial bond release for the Elk <br />Creek and Sanborn Creek Mines. <br />Date of Request: February 27, 2019 <br />Permittee: Oxbow Mining, LLC <br />Permit No. C-1981-022 <br />Date the permit was approved: October 11, 1983 <br />Mine Name: Elk Creek and Sanborn Creek Mines <br />Phase of Bond Release Requested: Partial Phase I <br />Number of Acres: 20.6 acres located on both the Elk Creek Mine Lower and Middle Pads, and a <br />portion of the East Yard area. . <br />Bond Company: Lexon Insurance Company <br />Bond Number 1069009 <br />Current Total Bond Amount: $4,500,000 US <br />Original bond amount $349,000 <br />Dollar Amount Requested for Release: $398,000.00 <br />0 Page 1 <br />