Gobi Coal & Energy LimitedGobi Coal & Energy Limited

Mines and MoneyMines and Money

Hong Kong 2012Hong Kong 2012

Welcome,

My name is Jason Bahnsen, the CEO of Gobi Coal and Energy Limited

I would like to take the next few minutes to give you a brief introduction to our

company and out progress to becoming the next coking coal producer in Mongolia.

1

2

Disclaimer

This Presentation, prepared by Gobi Coal & Energy Limited (“Gobi Coal”, the “Company”, or “We”), is being supplied to you solely for your information and must not be copied, reproduced, distributed, published, disclosed or passed (in whole or in part) to any other person at any time without the prior consent of Gobi Coal. The information contained in this presentation is confidential and the property of the Company.

This Presentation is not designed to verify the accuracy or reliability of any information and nothing in this Presentation should be taken to imply that we have conducted any procedures, audit, or investigations in an attempt to verify or confirm any of the information contained herein.

Certain statements and graphs throughout this Presentation are “forward-looking statements” including management’s and third party assessments of future plans, operations, values and returns and represent the Company’s internal projections, expectations or beliefs concerning, among other things, future operating results and various components thereof or the Company’s future economic performance. These projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties which may cause the Company’s actual performance and financial results in future periods to differ materially from any estimates or projections.

These risks include, but are not limited to, risks associated with the mining industry in general, delays or changes in plans, the uncertainties of estimates and projections relating to production, political risks, costs and expenses and health and safety andenvironmental risks, commodity price and exchange rate fluctuations, and uncertainties resulting from competition and ability to

access sufficient capital, and risks relating to the ability to complete capital markets transactions referred to in this Presentation.

No reliance may be placed for any purpose whatsoever on the information contained in this Presentation or on its completeness, sufficiency, accuracy or fairness. No representation or warranty, express or implied, is made or given by or on behalf of the Company or its directors or employees, their professional advisers or any other person as to the completeness, sufficiency, accuracy or fairness of the information, beliefs or opinions contained in this Presentation and no responsibility or liability is accepted for any such information or opinions.

Any person(s) perusing this Presentation is advised to conduct his/her own inquiries and investigations into the accuracy and correctness of the particulars and information provided, whether by inspection, search or survey and to obtain appropriate

professional advice in that regard.

This Presentation does not constitute or form any part of any offer or invitation to sell or issue or purchase or subscribe for any shares in the Company nor shall it or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with, any contract with the Company relating to any securities.

The technical information in this Presentation has been reviewed by one or more Competent Persons as defined in the 2004 Edition of the ‟Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves‟.

2

•Gobi Coal is a private company established in 2005

•Since inception the company has been funded through private placements to institutional investors

•Over $173 million raised to date including a $91 million private placement in December 2011

•No debt

3

Background and FundingBackground and Funding

Shareholder Breakdown

Gobi Coal’s financial position is very solid

- in December we raised $91 million in equity via a private

placement

- Gobi is completely debt free

The Company is fully funded through to first production

scheduled for 2Q 2012

Gobi has an excellent share register with over 70% of shares held

by international financial institutions

3

4

Chief Executive Officer –

Jason Bahnsen BSc Eng (Mining), MBA

�More than 25 years experience in international resources industry / banking

Chairman – Mo Munshi BSc (Hons), MBA

�More than 25 years experience in the mining industry

Head of Marketing – Hugh Babbage BSc Eng (Mining)

�More than 30 years experience in coal mining and coal marketing

Our TeamOur Team

Chief Financial Officer –Sean Delaney B Comm, CPA, MBA

�Qualified accountant with over 17 years operational and financial experience

Chief Operating Officer –Douglas McQuater BSc Eng (Civil), C Eng

�Mining engineer with over 30 years of experience

Gobi Coal’s senior management team has well over 100 years of combined mining

industry experience.

Our Chairman – Mo Munshi was the founder of Gobi Coal and continues to instrumental

in realising the vision for the company

Our Chief Operating Officer – Douglas McQuater is based in UB and is responsible for

the mine development and operations

Our Head of Marketing – Hugh Babbage is a seasoned coal marketing specialist with

over 30 years of experience marketing coal in the Asia region.

4

5

Our ProjectsOur Projects

Shinejinst Project

Gobi Coal currently has three coking coal projects in Mongolia:

Shinejinst

-Our key project is Shinejinst which is currently under development with first production

scheduled for May 2012

-Shinejinst has 102 mt coal reserve (NI43-101)

- estimated mine life of 15 to 20 years, at 5 mt of coking coal sales per annum

--Production will be 100% coking coal

- Mining License and permits are in place

5

6

Our ProjectsOur Projects

Gobi Coal Haulage Road

Gobi Coal currently has three coking coal projects in Mongolia:

Shinejinst

-Our key project is Shinejinst which is currently under development with first production

scheduled for May 2012

-Shinejinst has 102 mt coal reserve (NI43-101)

- estimated mine life of 15 to 20 years, at 5 mt of coking coal sales per annum

--Production will be 100% coking coal

- Mining License and permits are in place

6

7

Our ProjectsOur Projects

Zeegt Project

Gobi Coal Haulage Road

-- Coal will be trucked to Mongolia/China border at Shivee Khuren

-Approval for Haul road in final stages and with 60km of preliminary road completed to

date.

7

8

Our ProjectsOur Projects

Khurren Gol Project

Zeegt

- Our second project, scheduled for production from 2015

-- High quality coking coal, target production of 3 mpta

- Feasibility study underway

8

9

Our ProjectsOur Projects

Future Railway

Khurren Gol

- Early stage exploration project

9

10

Development Progress Development Progress –– Shinejinst ProjectShinejinst Project

Phase 1 –Mining Plan

Waste stripping on first production block

Shinejinst Development Progress

We are currently stripping waste to expose the first block of coal at the Shinejinst

Project. First production is scheduled for April/May of this year.

Over the next few months there will be a lot of activity at the site. This will include:

-Stripping of waste and development of initial waste dump

- Mining of bulk samples for shipment to customers in China

10

11

Development Progress Development Progress –– Shinejinst ProjectShinejinst Project

Mine layout

- Construction of a 200 man permanent camp facility to house our workers

- Continued preparation work on airstrip adjacent to project site

-Further hydrology test work

-Installation of temporary Phase 1 electric power generators

-- Construction of Phase 1 coal handling plant

11

12

Development Progress Development Progress –– Haulage RoadHaulage Road

Gobi Coal is in the final stages of approvals for a haulage road connecting the Shinejinst

Project site to the existing haulage road from the SGS operations south of Nariin Sukhait

Construction has commenced with 60 km of preliminary road completed

Negotiations underway with road construction contractors.

The haulage road will be operational by May 2012

12

13

Production PlanProduction Plan

Production Plan

Gobi is targeting Shinejinst production/sales of 500kt of coking coal product in 2012

increasing to approximately 1.1 million tonnes in 2013. This initial Phase 1 production

will be high quality raw coking coal with ash levels less than 10% and G values in excess

of 65

Shinejinst Phase 2 production will commence from 2014 with washed coal production of

2.7 million tonnes increasing to a full capacity of approximately 5 million tonnes of

coking coal product from 2015.

We are also targeting the startup of our second mine, Zeegt, from 2015 which will

contribute up to 3 mpta of coking coal sales at full production.

13

14

Target MarketsTarget Markets

Source: Shanxi Fenwei Energy Consulting – market Study of GCE’s Coal in Northwest China Aug 2011

The key markets from Gobi Coal’s coking products will be steel mills and

coke producers of Xingjiang, Gansu and Inner Mongolia.

Gobi Coal is currently in discussions with marketing partners based in China

to jointly distribute our product to our customers.

With continued investment in Chinese railway infrastructure, we anticipate

the ability to access seaborne customers in Eastern China over the next few

years.

14

•Gobi Coal is advised by international technical specialists who are leaders in their fields

15

Industry Leading Consultants Industry Leading Consultants

Feasibility Study

Environmental Study

Coal Quality and Washability Study

Coal Quality and Processing Report

Water Management Study

Resource Reports

NI 43-101 Technical Study

15

Gobi Coal & Energy Ltd8th Floor, Jiguur Grand Office CenterNarniiZam 18, Sukhbaatar DistrictUlaanbatar 210646AMongolia

16

16