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I~` <br />XBOW MINING, LLC ~-. <br />3737 Hwy 133 P.O. Box 535 Somerset, Colorado 81434 USA Tel (970)929-5122 Fact <br />(970)929-5177 <br />April 11, 2008 <br /> <br />Mr. Jason Musick APR ~I ~ X008 <br />Environmental Protection Specialist <br />Colorado Division of Reclamation, Mining and Safety pivision of ~.... .atbtt~ <br />1313 Sherman Street, Room 215 Minim and Safety <br />Denver, Colorado 80203 <br />Re: NOI X-2007-223-08, Exploration Proiect Update, Oxbow Minim, LLC. <br />Dear Mr. Musick, <br />The purpose of this letter is to provide an update to the subject 2007 NOI. 2007 was a <br />productive and successful drilling year as all proposed boreholes were drilled and all temporary <br />roads and sites reclaimed. <br />Approved Program Update <br />1. ECM-07-46 -Drilled in 2007 and plugged, the site was graded and seeded. A borehole <br />completion report is attached. <br />2. ECM-07-61 -Drilled in 2007 it took 3 attempts to obtain the core. The boreholes were <br />plugged, the site graded and seeded. A borehole completion report is attached. <br />3. ECM-07-62 -Drilled in 2007 and plugged, the site was graded and seeded. A borehole <br />completion report is attached. <br />4. ECM-07-63 -Drilled in 2007 and plugged, the site was graded and seeded. A borehole <br />completion report is attached. <br />5. ECM-07-64 -Drilled in 2007 and plugged, the site was graded and seeded. A borehole <br />completion report is attached. <br />6. ECM-07-65 -Drilled in 2007 and plugged, the site was graded and seeded. A borehole <br />completion report is attached. <br />7. ECM-07-66 -Drilled in 2007 and plugged, the site was graded and seeded. A borehole <br />completion report is attached. <br />• Page 1 <br />