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STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Department of Natural Resources <br />1313 Sherman St., Raom 215 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3567 <br />FAX: (303) 832-8106 <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; Approval <br />Dear Mr. Kiger: <br />COLORADO <br />DIVISION O F <br />MIN SRALS <br />GEOLOGY <br />RE CLANATION•NINING <br />Bill Owens <br />Governor <br />Russell George <br />Executive Director <br />Ronald W. Cattany <br />Division Diector <br />Natural Resource Trustee <br />The Division has received and approved the bond for the referenced notice of intent to <br />explore. Enclosed is the approval form. <br />If you have any questions, please feel free to ca-1 me. <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 />