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. A qualified person has not completed sufficient work to verify the
classification of the historic mineral resources and as such they should not be considered as current
resources and they should not be relied upon. 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
• NI 43-101 compliant Inferred
Resources of 89.6 million tons of
coal established in Ovdog Khudag
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
underground coal gasification Capital Structure
• The company leverages world-class management, Shares Outstanding
technical expertise and in-depth local knowledge 111,391,517
(Aug.31.11)
to acquire, explore and develop coal projects in
Pre-IPO Financing $7,604,363 @
Mongolia (Apr. 2011) $0.25/share
3 www.mogulvc.com
*Ovdog Hudag Coal Deposit, Mogul Ventures Corp. – Draft 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 positions merchant bank based in Toronto; over 16
with regional and national full-service Canadian years of international business experience
investment brokerage houses • Chairman of Oremex Silver Inc., an
• Focused on strategic corporate and business exploration and development company
development as well as resource and venture focused on silver assets in Mexico including
capital financing during the last seven years the 50 million oz open pit Tejamen deposit
• Holds Director and Executive Officer roles in a • Co-founder of Explorator Resources Inc., a
number of public and private resource mining exploration company developing the El
companies Espino-Venus copper-gold project in Illapel,
• Successfully completed major corporate Chile
development initiatives both domestically and • Has extensive experience in the junior mining
internationally including in Japan, Korea and sector – held the position of Vice President,
China Corporate Development at Desert Sun
Mining Corp, a company acquired by Yamana
Gold Inc.
4 www.mogulvc.com
5. MOGUL VENTURES TEAM
JAMUL JADAMBA DAVID A.TERRY, Ph.D., P.Geo.
President & Director Senior Technical Advisor
• Natural resource and mining-focused • Over 20 years of business experience in the
investment banker with an extensive capital natural resource sector, focused primarily on
raising background, servicing worldwide exploration of precious and base metal deposits
companies, especially in Mongolia in North and South America.
• Former Director and co-founder of the • Director of and advisor to several publicly-listed
Metals & Mining Group at Rodman & mineral exploration companies
Renshaw LLC. • Specializes in public company management,
• Native Mongolian with well-established strategic planning, finance, advanced project
relationships with influential business and evaluation, identification and acquisition of
government leaders in Mongolia opportunities, design and implementation of
• Extensively writes and speaks on topics of effective and cost-efficient exploration programs
Mongolian economy, development and politics • Held positions with a number of senior mining
for organizations such as Oxford Analytica, companies including Boliden Limited, Westmin
Institutional Investor and Business New Resources Limited, Hemlo Gold Mines Inc.,
Europe Cominco Limited and Gold Fields Mining
Corporation
5 www.mogulvc.com
6. MONGOLIA OVERVIEW
• Recognized as the home of some of the world’s largest natural resource deposits
including coal, gold and copper
• Strategic location
• Next door to the biggest consumer of commodities in the world – China
• Mining is the most important sector:
• “Contributes 30% of GDP and 70% of exports”(1)
• Favorable political environment:
• Mongolian Government focused on the long-term development of resource-related
sectors and favorable policies towards business and foreign investments
• Stable business-friendly democracy:
• 20-year, uninterrupted history of peaceful and democratic government
• Homogenous country with minimal risk of ethnic or religious conflict
6 Source: (1) 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(2)
• Market Cap of publicly traded
companies with assets in Mongolia,
including non-Mongolian junior mining
companies: $30B+(3)
• Investment Capacity of Mongolia’s
mining industry (5 years): $25 - $30B(4)
• 6,000 known mineral occurrences(5)
• 80+mineral deposits found recognized
as economic by the Mineral Resources
Authority of Mongolia(6)
• 2011 coal production: 30 Mt(7)
Sources:
(2) the Ministry of Mineral Resources & Energy of Mongolia
(3) Bloomberg
(4) How much capex the country can absorb given known development projects. Statement made by the former Prime Minister Bayar
(5), (6) The World Bank report on “Mongolian Mining Sector: Managing the Future”
7 (7) National Statistics Bureau www.mogulvc.com
8. MONGOLIA COAL OVERVIEW
• Viewed as Saudi Arabia of
coal
• Total Minable
resources estimate
~162 billion tons (7)
• Rapid growth potential
• Current production
~16 million tons per
year (mostly exported
to China)
• Production expected
to reach 60 - 70
million tons by 2015(8)
8 Source: (7), (8) Renaissance Capital’s June 15, 2011 report on “Moncoalia” 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 neighbor, 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 LOCATION
Planned Railways in Mongolia
• 34,267 hectare mineral concession
• 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
Source: Mongolian railroad Policy, Eurasia Capital
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,
forming the basis for a NI 43-101 Resource Estimate by SRK
Consulting
• NI 41-101 Report summary results:
• Estimated Inferred Resources of 89.6 Mt*
• 8 coal seams recognized – 4 fully mineable, 2 partially
mineable
• Classed as High Vol Bituminous A Thermal Coal
• Average Gross Calorific value – 3,776 to 4,952 Mj/kg
• 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 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 *Ovdog Hudag Coal Deposit – Draft 43-101 Report by SRK Consulting, December 31, 2011
13. OVDOG HUDAG & IKH ULAAN-NUUR DEPOSITS
• 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
• Open pit accessible coal resources with expected
low strip ratio
*See Page 2 Note
1 SRK Consulting External Technical memo, May 28, 2011; Technical
Report on the Coal Resources of the Ovdog Hudag Coal Deposit Dundgovi
Province, Mongolia” prepared by Flore Tungalag
Photo: Drill Rig, 2011
13 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
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
• 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 (Cu, Fe)
1SRK Consulting External Technical memo, May 28, 2011; Technical Report on the Coal Resources of the
Ovdog Hudag Coal Deposit Dundgovi Province, Mongolia” prepared by Flore Tungalag
14 www.mogulvc.com
15. GOALS AND OBJECTIVES
• Additional drilling and surface exploration to maximize
Black Hills’ full potential including:
• 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 (Fu, Cu)
• Commence an economic evaluation
• Develop Black Hills towards production
• Seek strategic partners for funding expansion, off-take,
development of a 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 Q1 2012 Q2 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 with Received approvals and signed
TSX listed CPC an order for issuance of the
mining license
EXPLORATION
Complete initial independent Complete drill program to Complete NI 43-101 report Implement NI 43-101
historical review of coal confirm coal characteristics and recommended program
occurrences historical work
ACQUISITION
Completed acquisition of TS Review other potential coal
coal project acquisitions
DEVELOPMENT
Confirmation drilling of Black Confirm resource and expand
Hills drilling
16 www.mogulvc.com
17. SUMMARY HIGHLIGHTS
• One of the few exploration and mining companies operating in Mongolia that has
significant local ownership. It has extensive local expertise and execution capabilities
• Black Hills (Khar Tolgoi) project is a substantial thermal coal project close to
infrastructure with significant expansion potential
• NI 43-101 Inferred Resources of 89.6 Mt*
• Excellent 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
• China continues to utilize thermal coal as a viable energy source
• The company has unique access to a proprietary pipeline of acquisitions
• The company and its principals have a broad network of strategic partners,
professional service providers and capital sources to build long-term successful
projects and create significant shareholder value
17 *Ovdog Hudag Coal Deposit – Draft 43-101 Report by SRK Consulting, December 31, 2011 www.mogulvc.com
18. Contact Information
+1 416.309.4326 | information@mogulvc.com
Bay Adelaide Centre,
Suite 1200 – 333 Bay St.
Toronto, Ontario
M5H 2R2, Canada
