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OXBOW MINING, LLC <br />July 16, 2012 <br />Mr. Brock Bowles <br />Environmental Protection Specialist <br />Colorado Division of Reclamation, Mining and Safety <br />1313 Sherman Street, Room 215 <br />Denver, Colorado 80203 <br />Re: Oxbow Mining LLC, Permit No. C- 1981 -022 <br />PR -07 Permit Revision, COC -70615 Lease Issued <br />Dear Mr. Bowles, <br />The BLM has issued the fully executed Federal Coal Lease COC -70615 to Oxbow Mining, LLC. The <br />purpose of this letter is to provide the attached copy of the lease for inclusion into PAP Exhibit 2.03-El. <br />A TOC for the Exhibit is also included herein. <br />Please contact me at 970 - 929 -5806 if I can provide any additional information or if you have any <br />questions. <br />Sincerely, <br />1 <br />3737 Hwy 133 P.O. Box 535 Somerset, Colorado 81434 USA Tel (970)929 -5122 Fax <br />(970)929 -5177 <br />• Page 1 <br />1 / i <br />Jafnes A. Kiger <br />Environmental Manager <br />Enclosures <br />Xc: Jim Cooper (OMLLC) <br />Gunnison County Planning Office <br />David Rice, Delta County Planning <br />Paonia Public Library <br />USFS, Paonia Ranger District <br />BLM, UFO <br />Foster Kirby, OSMRE <br />Files <br />RECEIVED <br />, <br />JUL 1 9 2,) <br />Minin r J �' <br />ay <br />