2. THE FOLLOWING INFORMATION may contain forward–looking statements. Forward
looking statements address future events and conditions and therefore involve
inherent risks and uncertainties. Actual results may differ materially from those
currently anticipated in such statement. Forward-looking information is subject to
known and unknown risks, uncertainties and other factors that may cause Mogul
Venture Corp’s actual results, level of activity, performance or achievements to be
materially from those expressed or implied by such forward-looking information.
Such factors include, but are not limited to: uncertainties related to the historical
resource estimates, the work expenditure commitments; the ability to raise
sufficient capital to fund future exploration or development programs; changes in
economic condition or financial markets, regulatory, political and competitive
developments; technological or operational difficulties or an inability to obtain
permits required in connection with maintaining, or advancing projects; and labour
relation matters
*All historical resource estimates quoted herein date from the 1960s and 1970s and are based on prior
data and reports obtained and prepared by previous operators and information provided by the State, using
a Russian classification system not compatible with 43-101. Insufficient data exists to compare Russian
categories to current C.I.M. categories. Mogul Ventures believes these historical results provide an
indication of the potential of the property and are relevant to ongoing exploration. It should also be noted
that mineral resources which are not mineral reserves do not have demonstrated economic viability as
defined by NI 43-101 guidelines.
2 www.mogulvc.com
3. COMPANY OVERVIEW
• Mogul Ventures Corp. focuses on
exploration, development and
production of thermal and coking coal
in Mongolia
• Initial NI 43-101 compliant
Inferred Resources of 89.6
million tons of coal established in
Ovdog Hudag Thermal Coal Deposit
based on 14-drill hole, 2,369 meters
drilling program*
• The company plans to monetize its coal assets
through conventional open-pit mining as well as
exploring the application of new technologies for Capital Structure
underground coal gasification
Shares Outstanding
• The company leverages world-class management, 111,391,517
(Aug.31.11)
technical expertise and in-depth local knowledge
Pre-IPO Financing $7,604,363 @
to acquire, explore and develop coal projects in (Apr. 2011) $0.25/share
Mongolia
3 www.mogulvc.com
*Ovdog Hudag Coal Deposit, Mogul Ventures Corp., 43-101 Report by SRK Consulting (China) Ltd., December 31, 2011
4. MOGUL VENTURES TEAM
STEVEN KHAN, MBA, CFA JOHN CARLESSO
Executive Chairman & Director CEO & Director
• 20 years experience in all aspects of the • The founder of Cervello Capital Inc., a private
investment industry including executive merchant bank based in Toronto; over 16
positions with regional and national full- years of international business experience
service Canadian investment brokerage • Chairman of Oremex Silver Inc., an
houses exploration and development company
• Focused on strategic corporate and business focused on silver assets in Mexico including
development as well as resource and venture the 50 million oz open pit Tejamen deposit
capital financing during the last seven years • Has extensive experience in the junior mining
• Holds Director and Executive Officer roles in sector – held the position of Vice President,
a number of public and private resource Corporate Development at Desert Sun
companies Mining Corp, a company acquired by Yamana
• Successfully completed major corporate Gold Inc.
development initiatives both domestically and
internationally including in Japan, Korea and
China
4 www.mogulvc.com
5. MOGUL VENTURES TEAM
JAMUL JADAMBA
President & Director
• Natural resource and mining-focused investment banker with an extensive capital raising background, servicing
worldwide companies, especially in Mongolia. Former Director and co-founder of the Metals & Mining Group at
Rodman & Renshaw LLC. Native Mongolian with well-established relationships with influential business and
government leaders in Mongolia. Extensively writes and speaks on topics of Mongolian economy, development
and politics for organizations such as Oxford Analytical, Institutional Investor and Business New Europe.
DAVID A. TERRY, Ph.D., P.Geo.
Senior Technical Advisor
• Over 20 years of business experience in the natural resource sector, focused primarily on exploration of
precious and base metal deposits in North and South America. Director of and advisor to several publicly-listed
mineral exploration companies. Specializes in public company management, strategic planning, finance, advanced
project evaluation, identification and acquisition of opportunities, design and implementation of effective and
cost-efficient exploration programs.
PUJI JADAMBA
Country Manager
• Over 20 years of experience running various businesses in Mongolia including natural resources, real estate,
agriculture and import/export. Previously, a key principal at the company that developed the first commercial
gold mine in Mongolia. Mr. Puji Jadamba has an extensive Mongolian network of business and government
contacts and an unsurpassed ability to execute locally.
5 www.mogulvc.com
6. MONGOLIA OVERVIEW
• Strategic location
• Next door to the biggest consumer of commodities in the world – China
• Chinese government plans to cap domestic coal output within 3.9Bt by 2016 and is
encouraging companies to explore for coal in Mongolia and other regions(1)
• China’s thermal coal imports could increase to 1Bt in 2030 from 175Mt in 2011,
according to research consultants Wood Mackenzie(2)
• 2012 annualized GDP growth ~15%(3)
• Mining is the most important sector
• Contributes 30% of GDP and 70% of exports(4)
• Favorable political environment
• Mongolian government is focused on long-term development of resource-related
sectors and favorable policies towards business and foreign investments
• Stable business-friendly democracy
• Homogenous country with minimal risk of ethnic or religious conflict
(1) Pope & Company Morning Notes March 23, 2012, Vol.13, Issue 17; pg.3
(2) Pope & Company Morning Notes March 14, 2012, Vol.13, Issue 10; pg.3
(3) http://www.tradingeconomics.com/mongolia/gdp-growth-annual
6 (4) the Ministry of Mineral Resources & Energy of Mongolia www.mogulvc.com
7. MONGOLIA: MINING INDUSTRY OVERVIEW
Mongolia is poised to become one of the fastest growing
economies in the world in the next two decades
• Mining industry size: 30% of GDP (1)
• Market cap. of publicly traded companies
with assets in Mongolia, including non-
Mongolian junior mining companies:
$30B+(2)
• Investment capacity of Mongolia’s mining
industry (5 years): $25 - $30B(3)
• 6,000 known mineral occurrences(4)
• 80+ mineral deposits found recognized
as economic by the Mineral Resources
Authority of Mongolia(5)
• 2011 coal production: 30 Mt(6)
(1) the Ministry of Mineral Resources & Energy of Mongolia
(2) Bloomberg
(3) How much capex the country can absorb given known development projects. Statement made by the former Prime Minister Bayar
(4 - 5) The World Bank report on “Mongolian Mining Sector: Managing the Future”
7 (6) National Statistics Bureau www.mogulvc.com
8. MONGOLIA COAL OVERVIEW
• Viewed as Saudi Arabia of coal
• Total minable resources
estimate ~162 billion tons (1)
• Rapid growth potential
• Current production in
excess of 20 million tons
per year (mostly exported
to China)
• Production expected to
reach 60 - 70 million tons
by 2015(2)
Mongolia is recognized as the home of some of the world’s
largest natural resource deposits including coal, gold and
copper
8 (1 - 2) Renaissance Capital, “Moncoalia”, June 15, 2011 www.mogulvc.com
9. MONGOLIA COAL OVERVIEW
• High quality and highly
accessible:
• Generally near surface,
ideal for low cost open
pit mining, dominated by
high-quality low ash, low
sulfur and low
phosphorous coals
• Known geology:
• 12 coal basins, 3 regions
with over 200 deposits of
thermal and metallurgical
grade coal
• Main coal formation ages: Carboniferous-Permian, Jurassic, Cretaceous and Tertiary
• Thick coal seams formed in all ages
9 www.mogulvc.com
10. REGIONAL COAL DEMAND
• China, Mongolia’s southern neighbour,
is the world’s leading consumer of coal
with annual demand of 2 billion tons
• China’s coal demand is expected to
increase: planned power plant
construction in China is heavily
concentrated in the northeast
• Domestic coal demand will increase
significantly as Mongolia plans to
exponentially increase its own power
infrastructure
• Coals of Northern China tend to be of a lower calorific value as compared to those
from the South and middle Gobi basins of Mongolia
• China has a shortage of coking coal
• The Chinese government is focusing on fixed asset investments inland into
Central and Western provinces where Australian and Indonesian coals are not
competitive
10 www.mogulvc.com
11. BLACK HILLS PROJECT
Planned Railways in Mongolia
• Mining License covers area of 34,054.69 hectares
• Comprises of the Ovdog Hudag and Ikh Ulaan-Nuur coal deposits
• 100 km southwest from Choir railway station
• 35 Kwatt power line on the property
• Easily accessible all year around
11 www.mogulvc.com
12. OVDOG HUDAG COAL DEPOSIT
• In 2011, a 14 hole, ~2,370 m core drilling program on 1,000 m
centers confirmed the historical work on the deposit, resulting
in an initial NI 43-101 Resource Estimate by SRK Consulting
• NI 43-101 Report summary results:
• Estimated Inferred Resources of 89.6 Mt (1)
• 8 coal seams recognized – 4 fully mineable, 2 partially
mineable
• Classed as High Vol Bituminous A Thermal Coal
• Average Gross Calorific value – 5,636 to 6,431 kcal/kg (daf)*
• *3,776 to 4,952 kcal/kg on a dry basis; daf = dry ash free
basis
• Average Volatile Matter – 29.9 to 37.9%
• Average Fixed Carbon – 32.3 to 39.5%
• Average Ash – 22 to 33% - washing will reduce
• Average Sulphur - 4.94%; removal of abundant visible pyrite Drill rig, 2011
by washing expected to reduce S levels significantly
• SRK recommended program: infill and expansion drilling
program, process test work, mine design and Preliminary
Economic Assessment
12 (1) Ovdog Hudag Coal Deposit, Mogul Ventures Corp., 43-101 Report by SRK Consulting (China) Ltd., December 31, 2011 www.mogulvc.com
13. IKH ULAAN-NUUR DEPOSIT
• Ovdog Hudag coal deposit historical resources,
based on Russian drilling from the ‘60s and ‘70s,
using a Russian Classification system and based on
>85 drill holes:
• 1968: C1+C2 resources totalling 201.2 Mt*1
• 1970: B+C1+C2 resources totalling 168.2 Mt*1
• Ikh Ulaan-Nuur coal deposit is located 7km NNE of
Ovdog Hudag and was defined by Russian drilling in
the ‘60s and ‘70s
• 1970: A+B+C1+C2 resources totalling 86.4
Mt*1
• Excellent potential for additional coal resources to
be delineated in the undrilled area between Ovdog
Hudag and Ikh Ulaan-Nuur
• Re-drilling of Ikh Ulaan-Nuur will add to NI 43-101
resources
13 *See Page 2 Note
1 Ovdog Hudag Coal Deposit, Mogul Ventures Corp., 43-101 Report by SRK Consulting (China) Ltd., December 31, 2011 www.mogulvc.com
14. BLACK HILLS: KEY ADVANTAGES
• Strategic location close to existing rail
line (parallel line planned) providing ready
access to Chinese markets
• Open pit accessible thermal coal
resources with expected low strip
ratio
• NI 43-101 compliant Inferred Resource
of 89.6 Mt from 2,370m of drilling in 14
holes at Ovdog Hudag deposit
• Excellent potential to significantly expand
the projects’ coal resources:
• Infill and step-out drilling at Ovdog Hudag deposit where substantially larger historical
resources were delineated by Russian work in the 1960’s and 1970’s through more
detailed drilling
• Ovdog Hudag coal deposit remains open to the north
• Drilling of the Ikh Ulaan-Nuur deposit 7km NNE of Ovdog Hudag (86.4 Mt*1)
• Testing the undrilled area between the two known deposits
• Property has potential for presence of other commodities such as copper
and iron
1
14 Ovdog Hudag Coal Deposit, Mogul Ventures Corp., 43-101 Report by SRK Consulting (China) Ltd., December 31, 2011
www.mogulvc.com
15. GOALS AND OBJECTIVES
• Additional drilling and surface exploration to maximize Black Hills’ full
potential:
• Infill and expansion drilling to expand resources and upgrade
resource category
• Step-out drilling between Ovdog Hudag and Ikh Ulaan-Nuur to
delineate additional resources
• Re-drill Ikh Ulaan-Nuur
• Commence detailed development studies including environmental
baseline, processing, mine design
• Evaluation of potential for other valuable commodities on the
property (Fe, Cu)
• Conduct an economic evaluation
• Develop Black Hills towards production
• Seek strategic partners for funding expansion, off-take, potential
development of a mine-mouth power plant, and application of new
technologies for monetizing deep-in-ground stranded coal
• Acquire additional coal projects focusing on coking coal and thermal
coal in proximity to near-term infrastructure development
15 Photo: Core being bagged from Drill 2, 2011 www.mogulvc.com
16. TIMELINE
H1 2011 H2 2011 H1 2012 H2 2012
TRANSACTION
Completed due diligence, Complete audit and prepare Complete public RTO, close
property review, Title Opinion, info Circ. Pubco. funding – public listing
private financing, closed TS
LLC purchase, RTO agreement Received approvals and signed
with TSX listed CPC an order for issuance of the
mining license
EXPLORATION
Complete initial independent Complete drill program to Completed NI 43-101 report Implement NI 43-101
historical review of coal confirm coal characteristics recommended program
occurrences and historical work
ACQUISITION
Completed acquisition of TS Review other potential coal
coal project acquisitions
DEVELOPMENT
Confirmation drilling of Black Converted Exploration license Confirm resource and expand
Hills to Mining License drilling
16 www.mogulvc.com
17. SUMMARY HIGHLIGHTS
1. Black Hills project is a substantial thermal coal project
close to infrastructure with significant expansion
potential
2. NI 43-101 Inferred Resources of 89.6 Mt1
3. 10% drilling area generated 50% of historic resource
1. Potential to significantly expand the projects’ coal
resources through infill and step-out drilling at Ovdog
Hudag deposit where substantially larger historical
resources were delineated by Russian work in the
1960s and 1970s through more detailed drilling
2. Phase II drill program planned to commence
3. China continues to utilize thermal coal as a viable
energy source
4. The company has unique access to a proprietary
pipeline of acquisitions
5. Team with significant local ownership and extensive
local expertise and execution capabilities
6. Broad network of strategic partners, professional
service providers and capital sources to build long-term
successful projects and create significant shareholder
value
1 Ovdog Hudag Coal Deposit, Mogul Ventures Corp., 43-101 Report by SRK Consulting (China) Ltd., December 31, 2011
17 www.mogulvc.com
