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September 12, 2011 X- 2005- 223- 06 /Oxbow 2005 Exploration KAG <br />slopes had been pulled back to blend the road disturbance into the hillside. <br />Also inspected was a reclaimed section of road leading to sites ECM - 2005 -28 and 43 on BLM <br />land. The reclaimed area was found in excellent condition, well vegetated, with rocks and slash <br />scattered over the vegetated area. According to Mr. Kiger, the BLM has previously signed off <br />on the reclamation work conducted. <br />The operator is commended for completing exemplary reclamation work in difficult terrain. <br />Nothing observed during the two day inspection would preclude the release of all exploration <br />bond for this project. <br />Number of Partial Inspection this Fiscal Year: 0 <br />Number of Complete Inspections this Fiscal Year: 0 <br />Page 3 of 4 <br />