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BOND RELEASE REQUEST <br />Date of Request: <br />Permittee: Western Fuels- Colorado <br />Permit #: C-81-008 <br />Date Permit was Approved: 1981 <br />Mine Name: New Horizon #2 Mine <br />Phase of Bond Release Requested: A Phase 2 for portions of Dryland Pasture to <br />Number of Acres: Total Permit: 827.4 acres (New Horizon #2 Mine) <br />Total Disturbed: 768.6 acres <br />Total Disturbed Requested this Release Phase 2: 26.8 acres <br />Total Disturbed Requested this Release Phase 3: 149.9 acres <br />Bond Company: National Consumer Cooperative Bank of Washington, D.C. <br />Bond Number: Letter of Credit # 275051100 (Full bond for both #1 and #2 Mines) <br />Current Total Amount of Bond:$4,000,000 <br />Dollar Amount Requested for Release: To Be Determined <br />Legal Description of Area for Bond Release: <br />The New Horizon #2 Mine Permit Area lays within Section 6 of T 46N, R15W, Section <br />1 of T 46N, R16W, Section 31 of T 47N, R15W and Section 36 of T 47N, R16W of <br />the New Mexico Principal Meridian, Montrose County, Colorado. <br />The following provides a description of the 2008 Phase 2 & 3 requested release areas <br />for the New Horizon 2 Mine: <br />F:\Eng\DATA\WP\BOND\SL-12\SL-12 DRAFT 31AUG09.wpd <br />1