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OAKRIDGE ENERGY, INC. <br />CARBON JUNCTION MINE <br />CDRMS FILE C-1992-080 <br />PHASE III BOND RELEASE APPLICATION <br />Date of Request: July 30, 2008 <br />Permittee: Oakridge Energy, Inc. <br />Permit Number: C-92-080 <br />Permit Approval Date: July 31, 1993 <br />Mine Name: Carbon Junction Mine <br />Bond Release Phase Requested: Phase III <br />Acreage: Current Permit Area: 192.77 acres <br />Maximum Area Disturbed: 37.61 acres <br />Area Sought for Release: 30.0 acres <br />Bonding Company: Bank One (Texas) <br />Bond Number: Letter of Credit # 14418 <br />Proposed Bond Amount (after release): $140,367.00 <br />Original Bond Amount: $816,526.00 <br />Current Bond Amount: $377,723.00 <br />Bond Amount Requested for Release: $237,356.00 <br />Legal Description of the Area Requested for Bond Release: the former North Pit, <br />North Pit Haul Road, Topsoil Stockpile #2, the Previously Reclaimed Spoils Area, South <br />Pit Drill Pad, Equipment Yard, Carbon Junction Canyon reconstruction channel, Topsoil <br />Stockpile #7, and ancillary areas located in portions of Section 33, T34%2N, R9W and <br />E'/2N%2NW'/4 and the N'/2 of Section 4, T34N, R9W, La Plata County, Colorado. This <br />area comprises approximately 30 acres. <br />Map: The enclosed map titled, Carbon Junction Mine: 2008 Phase III Bond Release <br />Areas identifies the areas requested for Phase III final bond and liability release. <br />Carbon Junction Mine Phase 111 Bond Release Page 1 <br />2008 Final Reclamation