MONGOLIAN MINING INVESTMENT 2010 Sydney, Australia

Altai Gold LLCGan-Ochir Zunduisuren

Mongolia Mining Investment

Why Mongolia?

Australian – Good comparison for Mongolia?

Current Mongolian businesses

Advantage of partnership with Mongolian companies

Project Info

Further development

Risk (one word)

Why Invest in Mongolia?18th largest territory in the world, has great mineral potential.

20 years of stable democratic society Strategic location borders with China Demographic advantages- the average life expectancy

is 25 30% of GDP is from mining products and 70% of

export. Social safety with no religious or national conflicts High education level comparing to other developing

countries Opportunities exist in each sector and industry.

Does Australia good example ?

Well established capital market

Experienced technical and management personnel

Great established modern developed

Past expansive business network and good knowledge of commodity market

Similarity between commodities in same regional context.

“Third Neighbor” Policy

Current Mongolian Mining and Exploration Companies

Pure mining and exploration related companies are abundant

Involved with western style or modern or advanced exploration and mining methods since 2000.

Trained human resources in geological and engineering level (competitive).

Understanding of complicated deal structures More long term oriented Expects more active involvement and more responsibility Well managed support services for catering, geological

consultancy and drilling etc.

Advantage of Mongolian Partnership

Transfer of Mongolian business experience and political senses

Government relations

Community relations

Project generation

Industry connection

Lower capital cost

Access to local experts

Mitigation of risks

COMPANY PROFILE• Altai Gold LLC is one of the private mining companies engaged in mineral exploration and

mining activities in Mongolia.• Our company is a rapidly growing , well positioned and well diversified company.• Since the establishment of our company in 2005, the company has been running its activities

in gold, coal, coking coal and base metal exploring and mining through its subsidiaries andrelated companies.

• Total 25 mining and exploration permits covering more 15 projects in different parts ofMongolia.

• We analyze regularly possible property acquisition and reconnaissance evaluation.• The company employs over 10 professional capable team of experienced geologists, engineers,

consultant and technical workers.

LOCATIONS OF PROJECT AREAS

PROJECTSPlacer gold mining: Kharguit gold mine locates 530 km

in the west from Ulaanbaatar inTsenkher subprovince, ArkhangaiProvince.

Gold deposits: Buduunii Gol locates in Khuder

subprovince, Selenge province andMukhar Am deposit locates inGurvanbulag soum, Bayankhongorprovince.

PROJECTSCoal and Energy:

Ovoot coking coal - We cooperates with Aspire Mining Limited the Ovoot Coking Coal Deposit locatesnearby the coal mining site in Mogoin Gol area in Tsetserleg subprovince in Khuvsgul province developingunder Aspire Mining Limited (ASX listed public company)

CU – AU PROJECTS

PROJECTS Tsenkher Au-Cu locates in Dornod (Eastern Mongolia) close to newly developing mines of Ulaan Pb-

Zn, Gurvanbulag U and Mardai. Geological structure and parameters has potential for larger deposits(above 500 K oz). Gold grade ranges up to 30 g/t. Requires addional works including drilling.

Senjit Khyar Au - The Senjit Khyar property is located in the Altai soum (county) of the Gobi-AltaiProvince in southwestern Mongolia. Gold grade in veins range up to 55 g/t.

Dund Salaa W-Bi-Au – Intrusion related gold and tungsten prospect, large complex geology, gold gradeis 1-3 g/t in stockwork type of mineralization.

Taishir – Iron ore target in Gobi Altai province.

Further Development

For further development towards capital market – Partnership with Gobi Exploration surrounding in areaof Gobi–Altai for gold and copper.-Planned capital raising in 2011-Interim exploration of up to 1.5 million dollar exploration investment from owners and investors.

RISKY?

THANK YOU