Mongolian Coal Sector Development

Prospects and Opportunities

COAL MONGOLIA 2012 PRESENTATION

ENERGY RESOURCES LLCMONGOLIAN MINING CORPORATION (975.HK)

ASIA-PACIFIC MARKET

ENERGY RESOURCES LLC 1

Coking Coal Export (Mt) 2010

Australia 159

United States 52

Canada 33

Russia 19

Source: www.gtis.com

Coking Coal Import (Mt) 2010

Japan 76

China 47

India 36

South Korea 28

Source: Tex Report

MONGOLIAN COKING COAL MINES

ENERGY RESOURCES LLC 2

Operating Coking Coal Mines Development/Exploration

12

3

45

6

7 8

9

10

CHINESE MARKET

ENERGY RESOURCES LLC 3

Australia66%

Canada10%

Russia6%

Mongolia12%

Indonesia5%

USA1%

Australia37%

Mongolia32%

Russia10%

Canada8%

USA7%

Indonesia 6%

2009 2010

Source: China Coal Resource

Canada 26%

Australia 22%

Mongolia 52%

Other 0%

2015E

Source: Resource Investment CapitalMongolian coal export to China

Source: Wood Mackenzie 2010

SEABORNE MARKET

ENERGY RESOURCES LLC 4

Nakhodka

UHG

Choir

Naushki

Germany

Japan

India

Korea

Energy Resources washed hard

coking coal stockpiled at Nakhodka

CONCLUSION

ENERGY RESOURCES LLC 5

INVEST IN COAL PROCESSING CAPACITY

- CONSISTENT QUALITY PRODUCT

- REDUCE TRANSPORTATION COST

- VALUE ADDED PRODUCTION

INVEST IN RAILWAY INFRASTRUCTURE

- INCREASE TRANSPORTATION CAPACITY

- REDUCE TRANSPORTATION COST

- ADDRESS ENVIRONMENTAL ISSUES

Energy Resources LLC

Central Tower

16th floor

2 Sukhbaatar Square

Ulaanbaatar 210620a

Mongolia

Tel: (976) 7012 2279

(976) 7013 2279

Fax: (976) 322279

Website: www.energyresources.mn