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STATE OF COLORADO <br />DIVISION OF RECLAMATION, MINING AND SAFETY <br />Department of Natural Resources <br />1313 Sherman St., Room 215 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3567 <br />FAX: (303) 832-8106 <br />6elll <br />RECE D <br />AUG 31 2009 <br />August 24, 2009 <br />Clyde Yancey <br />Uranium Energy Corporation <br />6100 Indian School Rd., Suite 225 <br />Albuquerque, New Mexico 87110 <br />Division of Reclamation, <br />Mining and Safety <br />COLORADO <br />D IV IS I ON OF <br />RECLAMATION <br />MINING <br />SAFETY <br />Bill Ritter, Jr <br />Governor <br />Harris D. Sherman <br />Executive Director <br />Ronald W. Cattany <br />Division Director <br />Natural Resource Trustee <br />Re: Bull Canyon Project, Notice of Intent (NOI) P-2008-012, Full Release Request, SL-01, Approval. <br />Dear Mr. Yancey, <br />The Division of Reclamation, Mining and Safety (DRMS) received Uranium Energy Corporation's request for a full <br />release of the Notice on July 27, 2009. The release request is based on the project not going forward and no <br />disturbance occurring at the site. BLM and DRMS staff visited the site on August 14, 2009. It is noted that UEC <br />did not create any disturbances to the site. An issue over hole numbering nomenclature arose as the holes <br />presented on the original map differ from how they are marked on the ground. The discrepancy was cleared in <br />the field. Both BLM and DRMS would appreciate a final map showing the holes as numbered on the ground for <br />the file. The issue is not enough to warrant a denial of the release request as far as DRMS staff is concerned <br />however. Therefore DRMS is pleased to inform UEC that the release request is approved. <br />Please note that DRMS must have written BLM concurrence in order to release the site. Without the <br />concurrence the approval may be rescinded. Per Rule 4.16.1(4) the office must wait thirty (30) days to release <br />the noted warranty in case of an objection to the release decision. If UEC has not received the warranty back by <br />October 9, 2009 please contact Elizabeth Taliaferro in the Denver Office. She may be reached at 303.866.3567, <br />ext 8148. <br />If you need additional information, please contact me at the Division of Reclamation, Mining and Safety, Grand <br />Junction Field Office, 101 S. 3rd St., Suite 301, Grand Junction, Colorado 81501, telephone no. 970.241.1117. <br />Sincerely, <br />G. Rus ' II Means <br />Environmental Protection Specialist <br />Cc: Helen Mary Johnson, BLM San Juan Field Office <br />Cc: Elizabeth Taliaferro, DRMS Administrative Assistant, Denver <br />Office of Office of <br />Mined Land Reclamation Denver • Grand Junction • Durango Active and Inactive Mines