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U C .¦? RECEiva) <br />Uranium Energy Corp <br />MAR072011 <br />Feb GRAND juNCTION FIELD <br />February 27, 2011 OFFICE <br />DMSION OF OFFICE <br />RECLAMATION MINING & SAFM <br />Mr. Robert Ernst, Geologist <br />Uncompahgre Field Office; RS CLa-IV <br />2505 South Townsend Ave <br />Montrose, CO 81401 MAR 14 2011 <br />Divicion of Neciarnation, <br />RE: COC 73013 Mining and Gafety <br />Dear Mr. Ernst: <br />I am writing to notify you that no work was ever done on our former Pradox <br />Project, COC 73013. We dropped the option on the Gottacha claims we were <br />optioning from the Holley family of Dove Creek, CO. Therefore, we would like to <br />have the mining notice closed. <br />If you have any questions please do not hesitate to call me. <br />Regards, <br /> <br />Clyde L. Yancey, PG <br />VP Exploration <br />cc: Russ Means, State of Colorado (CDRM's P-2008-013) <br />6100 Indian School Rd NE, Ste 225, Albuquerque, NM 87110 505-830-7707, fax 505-830-6906 uraniumenergy.com info@uraniumenergy.com <br />