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J. E. STOVER & ASSOCIATES, INC. <br />P.O. BOX 60340 <br />GRAND JUNCTION, COLORADO 81506 <br />PHONE: (970) 245-4101, FAX 242-7908 <br />MINE ENGINEERING <br />MINE RECLAMATION <br />CIVIL ENGINEERING <br />CONST. MANAGEMENT <br />February 11, 2008 FEB j, ZO <br />?Go??,mat?on, <br />pivis?or? o' Safety <br />J. J. Dudash M019 and <br />-Division-of-ReGla-r-nation Mining-and--Safety- - --- - ---- --- - -- <br />1313 Sherman Street, Room 215 <br />Denver, CO 80203 <br />Re: Bowie Resources, LLC, Bowie No 1 Mine <br />Partial Phase I Bond Release, SL-3 <br />Permit No. C-1981-038 <br />Dear Mr. Dudash: <br />The DRMS' letter dated January 10, 2008 transmitted its summary of the amount of <br />bond that can be released by the referenced permit action. On behalf of Bowie <br />Resources, LLC, the $1,136,354 DRMS has agreed to release from the bond is <br />acceptable. <br />Please call if you have any questions. <br />Sincerely, <br />J. E. Stover, P. E. <br />Consulting Engineer <br />Cc: Basil Bear