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A 0 <br />ae*0, 0 00 <br />/off <br />OXBOW MINING, LLC <br />3737 Hwy 133 P.O. Box 535 Somerset, Colorado 81434 USA Tel (970)929-5122 Fax(970)929-5177 <br />July 22, 2025 <br />Mr. Elliott Russell <br />Colorado Division of Reclamation, Mining and Safety <br />1313 Sherman Street, Room 215 <br />Denver, CO 80203 <br />Re: CDRMS Permit X-2012-223-11, Oxbow Mining, LLC, Oak Mesa Exploration License <br />Bond Release Request <br />Dear Mr. Russell: <br />Seven exploration sites associated with Oxbow Mining's Oak Mesa Project have not received <br />bond release. <br />Four of the sites are on land owned by Nick Hughes. These sites are: OM-13-18, OM-13-30, <br />OM-12-35, and OM-12-27. Nick Hughes' information is as follows: <br />Mr. Nick Hughes <br />708 1250 Rd., Delta, CO 81416 <br />(970) 201-1476 <br />Three of the unreleased sites are on land managed by Jeannie Stroh. These sites are: OM-13-13, <br />OM-13-31, and OM-13-32. Jeannie Stroh's information is as follows: <br />Ms. Jeanie Stroh, <br />32496 J. Road, Hotchkiss, CO 81419 <br />(970) 783-1431 <br />These exploration holes were completed in 2012 and in 2013. Reclamation of the drill sites and <br />their associated access roads was also done at this time. A Google Earth map of the reclaimed <br />areas and drill hole completion forms are attached. <br />Oxbow Mining has recently visited each site and is prepared to conduct the final field inspection <br />of these sites and requests final bond release for these sites. <br />Sincerely, <br />,�,J a, ,� 11 <br />Doug A. Smith Enclosures <br />Chief Engineer Xc: Mike Ludlow (OMLLC) <br />(970) 929-6034 Leigh Simmons (CDRMS) <br />doug.smith@oxbow.com <br />