The Life of the MineBefore “The Life of Mine”

Forward Looking Statements

2

Certain information regarding Morien Resources Corp. ("the Company") contained herein may constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts,

projections, guidance or other statements that are not statements of fact. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. The Company cautions that actual performance will be affected by a number of factors, many of which are

beyond the Company's control, and that future events and results may vary substantially from what the Company currently foresees. Factors that could cause actual results to differ materially

from those in forward-looking statements include market prices, exploitation and exploration results, continued availability of capital and financing and general economic, market or

business conditions. The Company's forward-looking statements are expressly qualified in their entirety by this

cautionary statement. The information contained herein is stated as of the current date and subject to change after that date.

Unless otherwise indicated, all dollar values herein are in C$.

3

What if You Had?

A deposit 30 km from tidewater

Superior ore quality

Pre-spent capital of $100+ mln

Local market for product

Long history of local mining

Ready employment & strong community support

Constructive regulatory environment

4

What if You Had?

Short Transportation DistanceLow Operating Cost

A

F

I

G

E

D

B

J

C

H

K

A

- 400 800 1,200

L

K

J

I

H

G

F

E

D

C

B

A

$- $20 $40 $60 $80 $100

Distance to Port (km)$USD / tonne

5

What if You Had?

0 0.25 0.5 0.750000000000004 1 $-

$20

$40

$60

$80

$100

$120

$140

Cumulative (100% Basis)

$US

D/t

onne

FO

B

Source: BMO Capital Markets, Jan 2012

Among the Lowest FOB Cash Costs Globally

6

What if You Had?

Peer Comparison

Lic. Issued

Explor. 43-101/ JORC

First Nations

PEA/ PFS/

EIS

Rail/ Port Permit

Mining Permit

First Prod

Full Prod

                 

J             2012 [2013]            2014 2018

A             2015 2020F             2016 2018M             2013 2015N             2016 2018A             2016 2021H             2015 2016O             unkwn unkwnK             unkwn unkwnP             unkwn unkwnQ             unkwn unkwnR             unkwn unkwnS             unkwn unkwn

A Mine Ready for Production

Mine Readiness

7

How Long Would You Take to Develop This?

10

8

6

4

2

0

Rel

ativ

e V

alue

(sh

are

pric

e)

High Risk Lowered Risk Full Value

SpeculatorsLeave

OrphanPeriod

InstitutionalInvestment

Speculation

EXPLORATION MINING

Concept Pre-Discovery Discovery Feasibility Development

Startup Deplete

8

How Long Would You Take to Develop This?

10

8

6

4

2

0

Rel

ativ

e V

alue

(sh

are

pric

e)

High Risk Lowered Risk Full Value

SpeculatorsLeave

OrphanPeriod

InstitutionalInvestment

Speculation

EXPLORATION MINING

Concept Pre-Discovery Discovery Feasibility Development

Startup Deplete

GlobalStandard 4-5 Years 1-2 2-3 2 1 10 Years

35 Years4-5 Years 28 7 2 1

9

What is this Deposit?

Donkin Coal Project

10

A Short History in Time

1977-79 DEVCO drill 11 boreholes into the Donkin deposit, the eastern extension of the Sydney Coalfield, and the largest undeveloped

coal deposit in Cape Breton.

1981-87 DEVCO spends $100+ mln boring two, 3.6 km long access tunnels to the coal face at Donkin.

1992 Development plans at Donkin cease due to downturn in global coal economy. Tunnels sealed and allowed to flood.

2001 Last underground coal mine in Cape Breton shuts down; thermal $34/t, met $40/t

2003 With the cessation of coal mining activities, CBDC relinquished their mineral claims back to the Nova Scotia Government.

2004 NS Government begin tender process for sale of Donkin.

2005 A JV consortium between Xstrata Coal (75%) and Erdene Resource Development (25%) win tender to develop the deposit.

2005-12 Xstrata and Erdene invest CAD$50 mln in the Project.

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Massive Resource

− 481 Mt MI&I coal resource

High Quality Coal

− High volatile bituminous-A coking coal; 14,600 BTU, 2.8% Ash, 35% Volatiles, 2.25% Sulphur, 8 CSN, and >20,000 Fluidity

Simple, Predictable Geology

− “Low Type-A” structural complexity; typifies one of the least complex coal deposits in Canada

Easy Access to Ore

− Two, 3.6 km x 7.6 m dewatered tunnels allowing unimpeded access to the Harbour Seam (original $100+ mln)

We Love What we Have

12

We Love What we Have

Engineering Groundwork Complete

− Development plan supports 3.5 to 5 Mtpa ROM

Low Operating Cost

− $58/tonne

Strategic Location

− 30 km from deep water port

World Class Port

− Deepened Sydney Harbor capable of receiving 160,000 dwt vessels

Receptive Local Market

− Two coal-fired generating facilities located 31 km and 65 km away.

− NSPI currently importing ~1.8Mtpa thermal coal

13

Five Superior Attributes...

USA

CAD

14

Positioned to Proceed

2007 Access tunnels dewatered, partially refurbished

Q4 2008Environmental Assessment approval to mine 2,000 tonnes/day of “development coal” by way of a single continuous miner

operation

Q2 2011Positive Pre-Feasibility Study completed

Q2 2012Xstrata announces intent to sell its 75% interest in Donkin

Q2 2013Full environmental permit expected

Q3 2013Tunnel remediation to be initiated

2014 First ‘exploration’ coal production expected

15

Xstrata announced intent to sell 75% in Donkin in April 2012

Project timelines maintained during sale process

Erdene has a 60-day Right of First Refusal to acquire

Xstrata’s 75% by matching any offer

Sale process expected to be complete 1Q 2013

Xstrata Sale Process

16

Superior Coal Quality

  Pre-Production Peers Producing

Company Cardero Carabella Cline Bathurst Consol Corsa Gloucester

Project Donkin C. Creek Grosv. West New Elk Buller Bailey Wilson Creek Duralie

Country Canada Canada Aus USA NZ USA USA Aus

BTU 14,500 14,500 13,700 14,000 13,778 12,950 14,200 14,360

Ash 2.8 6 10 9.3 4 7.2 9.3 10

FSI 8 5 7.5 8 9 7.8 8.5 8

Sulphur 2.25* 0.9 0.60 0.50 0.70 1.79 1.05 2.30

Moisture 1.6 1.0 1.5 3.3 1.1 1.0 2.0 1.5

Volatiles 35 27 28 37 37 34 20 35

Fixed Carbon 55 67 61 45 59 52 71 55

Fluidity >20,000 <1000 4,000 29,000 10,000 15,000 <1,000 5,000

* Average based on the following data; 1977-79 boreholes, 1985 channel sample & bulk sample, 1986 pilot plant scale study, 2006 museum sample, & 2007 strip sample

Washed, ad basis

17

Markets for Donkin Product

Buyer Type Comment

Americas CokingCollective growth, coking coal demand in Brazil set to double in 4-5 yrs adding >20 Mtpa demand

Germany Coking/Steam Worlds 4th largest coal consumer. Nuclear phase out

W. Europe Coking/Steam Steady imports of ~120 Mtpa

E. Europe Coking/SteamUS 2011 exported 5.6 Mt. Growing demand from Poland & Ukraine. Supply from Russia diminishing

Asia Coking/SteamImport demand steadily increasing for top consumers; China, India, and Japan

UK Steam No.2 importer at >50 Mtpa (85% steam coal)

Nova Scotia Power Inc

SteamCurrent demand of 1.8 Mtpa. Demand forecast to remain steady for next 20 years

New Brunswick Power Inc

Steam Current demand of 0.8-1.0 Mtpa

Sources: BHP Billiton (April 2012) and internal research

18

Project Benefits

Creates one of eastern Canada’s larger construction projects

$1.24 bln in Provincial taxes over 30 years ($42 mln annually)

$1.15 bln in Federal taxes over 30 years ($38 mln annually)

Brings industry and jobs back to industrial Cape Breton

382 direct jobs and 428 indirect jobs over 30 years

Cape Breton is expected to capture 63% of the employment (505

jobs) & annual GDP ($42 mln) from Donkin

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Key Take-Aways

Inherited capital expenditures eliminate preparatory mining – revenue

generating from day one

Massive resource of competitive, high quality coal

Low quartile extraction and transport-to-tidewater costs, attractive royalties,

no related burdens

Capesize capable harbour facilitates easy access to global seaborne markets

Prospective off-take, long term, "base production" with local utilities

Likely first to production amongst "development" comps

Carried interest and "leg-in" capital program provide for capital efficiency

Permitted for early production, full permit expected  Q2 2013

Ability to expand mining plan and incorporate longwall production

Management & Board

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John P.A. BudreskiPresident & CEO & Director

Over 25 years experience in the resource & resource financing industries. Former Vice Chairman of Cormark Securities, and prior to that President & CEO of Orion Securities. Director of Sandstorm Gold, Metals & Energy, and Alaris Royalty Corp.

Ken MacDonaldCFO

Over 25 years in finance for corporations in the resourcesector. CFO and Director of Erdene Resource DevelopmentCorp since 2003

Mike MacDonald, P.GeoVP Technical & Government Affairs

Geologist with over 35 years experience in the resource sector.Former Executive Director of the Mineral Resources Branchfor the Province of Nova Scotia

MANAGEMENT

Peter AkerleyChairman

CEO & President of Erdene Resource Development Corp.Over 25 years of exploration & mining industry

Charles Pitcher

President & COO of Wilson Creek Coal LLP, wholly ownedsubsidiary of Corsa Coal. Former CEO of Western Coal Ltd.

John Byrne

President of Petroleum Corporation of Canada Exploration Ltd.Brings more than 30 years of investment banking and corporatefinance experience to Morien

Philip Webster

Montreal based investor and businessman. President of ImperialWindsor Group Inc & Emster Holdings Inc.

BOARD OF DIRECTORS

21

Who Are We?

Newly formed Morien Resources Corp.

Spin-out company from Erdene Resource Development Corp.

Inherited Assets;

− 25% interest in the Donkin Coal Project

− Black Point Marine Aggregates Project

November 2012 listing on TSX-V under symbol MOX

Expected trading by November 2012

Shares Outstanding - 49.2 mln

Market Capitalization - ~$10-15 mln (to be determined by market post split)

Cash - approx. $1.6 mln

22

TSX-V: MOXwww.morienres.com

Morien Resources Corp.