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' This letter will serve to notify you that <br />fY y Oakr>dge Energy, Inc. is requesting Phase III <br />' liability and bond release in the amount of $237,356.00 of the total calculated current <br />reclamation bond amount of $377,723.00. A copy of the entire bond release application <br />submitted to the Colorado Division of Reclamation, Mining, and Safety will be on file <br />' with the Division in Denver, Colorado at 1313 Sherman Street, Room 215 (telephone <br />303.866.3567), and the La Plata County Clerk and Recorder's Office, La Plata County <br />Courthouse, 1060 Second Avenue, Durango, Colorado 81302 during the review period. <br />' All information pertinent to the bond release request is presented within this application. <br />If you have any questions, comments, or concerns regarding the request for bond release, <br />please contact the Colorado Division of Reclamation, Mining, and Safety, 1313 Sherman <br />Street, Room 215, Denver, CO 80203 (telephone 303.866.3567). <br />Additionall=y, if I can answer any questions or concerns, please call me at the above <br />number. <br />Sincerely, <br />Michael S. Savage <br />Principal <br />CERTIFIED MAIL # 7006 2760 0005 3968 6661. <br />RETURN RECIEPT REQUESTED <br />c: Oakridge Energy, Inc. <br />...------------ <br />Carbon Junction Mine Page 2 <br />Phase III Bond Release Notification July 2008