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PARTIAL BOND RELEASE LETTER — <br />BOWIE NO. 1. EAST MINE <br />March 31, 2021 <br />Re: Bowie Resources, LLC <br />P.O. Box 483 <br />Paonia, CO 81428 <br />Dear People: <br />Bowie Resources LLC, is the successor in interest to Cyprus Orchard Valley Coal Company and <br />Colorado Westmoreland Inc's. responsibilities under Division of Reclamation, Mining and Safety, <br />Permit No. C-1981-038. Bowie Resources LLC backfilled, graded and seeded the run of mine or <br />timber storage area during 2008 and 2017. During the following years, vegetation has flourished. <br />Vegetation studies were performed during the summer of 2019 and 2020 which indicates the <br />vegetation meets the requirements of a Phase III bond release at the run of mine area. <br />One provision of the Division of Reclamation, Mining and Safety's Rules is that the mine must be <br />bonded for the estimated reclamation cost. Now that a portion of the reclamation work has been <br />performed, Bowie Resources LLC has formerly requested a partial bond release from the Division of <br />Reclamation, Mining and Safety. Bowie Resources LLC has a bond liability of $2,800,000.00 and has <br />requested about $45,000 of that amount be released. In accordance with the Division's Rule <br />3.03.2(1), Bowie Resources LLC is required to send written notice of its partial bond release request <br />to adjacent land owners, surface owners and various local governing bodies. <br />The area for which partial bond release is being requested is at the Bowie No.1, East Mine, located <br />in Delta County, approximately four (4) miles north of Paonia, CO. The run of mine area is located <br />in Lot 3 of Section 25, Township 13 South, Range 92 West, 6" P.M. <br />Sincerely, <br />Tamme Bishop, P.E. <br />Project Engineer <br />