ULAANGOM ALTAI ERDENET DARHAM ULAANBAATAR CHOIBALSAN BARUUN-URT SAINSHAND Black Hills (Khar Tolgoi) MONGOLIA RUSSIA CHINA CHOIR Company 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 Black Hills Project Key Advantages • Strategic location close to existing rail line (parallel line planned) providing ready access to Chinese markets • The mineral concession consists of 34,267 hectares and includes the Ovdog Hudag and Ikh Ulaan-Nuur thermal coal deposit • 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: o 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 o Testing the undrilled area between the two known deposits • Ovdog Hudag coal deposit remains open to the north • Drilling of the Ikh Ulaan Nuur deposit 7km NNE of Ovdog Hudag (86.4 Mt 2 ) • Property has potential for presence of other commodities (Cu, Fe) About Mogul Ventures Corp. Canadian company focusing on acquisition, exploration and development of coal projects in Mongolia. The Company is developing its 100% owned flagship asset, Black Hills thermal coal project located in Middle Gobi near Choir city. The extensive Russian exploration history at Black Hills and the recently completed drill program resulted in a NI 43-101 compliant 89.6 million tons of Inferred Resources in Ovdog Khudag coal deposit. 1 MOGUL VENTURES CORP. Bay Adelaide Centre Suite 1200, 333 Bay St. Toronto, ON M5H 2R2, Canada P 416.309.4326 F 416.364.3346 E [email protected] W www.mogulvc.com NOTES 1. Ovdog Hudag Coal Deposit, Mogul Ventures Corp. – Draft 43-101 report by SRK Consulting (China) Ltd., Dec.31.2011 2. 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