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STATE OF COLORADO <br />DIVISION Of MINERALS AND GEOLOGY <br />Department nt Natural Resources <br />1313 Sherman SL, Room 215 <br />Denver, Colorado 80203 <br />Phone: (303) 86b3567 <br />FAX: (303)832$106 <br />22 May 2006 <br />Mr. Jim Kiger <br />Oxbow Mining LLC <br />P.O. Box 535 <br />Somerset CO 81434 <br />SUBJ: NOI CX-2006-223-07 <br />Dear Mr. Kiger: <br />OLORADO <br />I V I S I O N O F <br />IINs<RALS <br />EOLOGY <br />F~f ETT•FCIENCF <br />BIII QW211F <br />Gwemor <br />Russell George <br />EzeMive Director <br />Ronald W. Cattarry <br />Division Director <br />Na(ural Resource Trustce <br />The Division has finished reviewing the materials accompanying your Notice of Intent to <br />conduct coal exploration (NOI CX-2006-223-07) and has made the following findings: <br />I. The application is complete. <br />2. The project qualifies as coal exploration rather than coal mining. <br />3. Your project will substantially disturb the natural land surface. A bond liability of <br />$22,091.00 was calculated for the project and a bond for that total has been submitted <br />to the Division. <br />A copy of the bond estimate is included with this letter. When a bond for that amount is <br />submitted to the Division the application can be approved. <br />Sincerely, <br />Jim Burnell <br />Environmental Protection Specialist <br />Office of Office of Colorado <br />Mined Land Reclamation Active and InaRive Mines Geological Survey <br />