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This letter will serve to notify you that OMLLC is requesting liability and bond <br />release in the total amount of 85% of the applicable bond amount for Phase II bond <br />release areas. The current total bond liability amount for the mine is $4,113,573.04. <br />A copy of the entire bond release application submitted to the Colorado Division <br />of Reclamation, Mining, and Safety will be on file with the Division in Denver, <br />Colorado at 1313 Sherman Street, Room 215 (telephone 303.866.3567), the <br />Gunnison County Planning Office, 221 N. Wisconsin St., Suite C, Gunnison, <br />Colorado 81230, and the Delta County Clerk and Recorder, Delta County <br />Courthouse, 501 Palmer St., #211, Delta, Colorado 81416 during the review period. <br />All information pertinent to the bond release request is presented within this <br />application. <br />If you have any questions, comments, or concerns regarding the request for bond <br />release, please contact the Colorado Division of Reclamation, Mining, and Safety, <br />1313 Sherman Street, Room 215, Denver, CO 80203 (telephone 303.866.3567). <br />Additionally, if I can answer any questions or concerns, please call me at the above <br />number. <br />Sincerely, <br />Michael S. Savage <br />Principal <br />CERTIFIED MAIL # 7016 1370 0000 7231 6996 <br />RETURN RECEIPT REQUESTED <br />c: Leigh Simmons, CDRMS <br />Doug Smith, Oxbow Mining, LLC <br />