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This letter will serve to notify you that OMLLC is requesting liability and bond release in <br />the total amount of 100% of the applicable bond amount for Phase III bond release areas. <br />The current total bond liability amount for the mine is $4,113,573.04. A copy of the entire <br />bond release application submitted to the Colorado Division of Reclamation, Mining, and <br />Safety will be on file with the Division in Denver, Colorado at 1313 Sherman Street, Room <br />215 (telephone 303.866.3567), the Gunnison County Planning Office, 221 N. Wisconsin <br />St., Suite C, Gunnison, Colorado 81230, the Delta County Clerk and Recorder, Delta <br />County Courthouse, 501 Palmer St., 9211, Delta, Colorado 81416, and the Paonia Public <br />Library, 80 Samuel Wade Rd., Paonia, Colorado 81428 during the review period. All <br />information pertinent to the bond release request is presented within this application. <br />If you have any questions, comments, or concerns regarding the request for bond release, <br />please contact the Colorado Division of Reclamation, Mining, and Safety, 1313 Sherman <br />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 number. <br />Sincerely, <br />Michael S. Savage <br />Principal <br />CERTIFIED MAIL # 7016 1370 0000 7231 7016 <br />RETURN RECEIPT REQUESTED <br />c: Leigh Simmons, CDRMS <br />Doug Smith, Oxbow Mining, LLC <br />