James Passin, Chairman, Undur Tolgoi, Mongolia

1. UNDUR TOLGOI
THE OCHIRIIN BULAG PROJECT
JAMES PASSIN
Chairman

2. The Ochiriin Bulag Gold Property

3. • Large gold anomaly
• Ready to drill
• Located between the
Western Tectonic Zone
and the Middle Tien Shan
belt within the South Gobi
Basin
• Modern exploration
techniques to define drill
targets
Ochiriin Bulag:
A Significant Gold Prospect

4. Located on China’s Doorstep
• OB is 500 km south of
Mongolia’s capital,
Ulaanbaatar
• Easy access by road
to provincial center
Burenhayhan (Bulgan)
soum
• 10 km from the
Chinese border at
Baitag
• Border crossings
through both points,
connecting via good
paved roads

5. Potential for a Large Discovery
• Very large undrilled gold
anomaly
• Porphyry or lode gold-
copper targets
Work program
• Soil/rock assays received
• Satellite interpretation
received
• 43-101 report underway
• Spectral report underway
• Maiden drilling 2013

6. OB Exploration History
• 1980s Russian geological
mapping
• 2011 IKONOS aerial
photography
• Early 2012 Two tightly
spaced soil programs
were undertaken
• 2012 Soil samples with
up to 657 ppm gold
• Mid 2012 A rock chip
sampling program was
undertaken

7. Significant Gold-in-Soils Anomaly
Soil samples show the presence of a large alteration cell,
indicating potential gold mineralization event or events

8. Sodium and potassium alteration cell
coincides with gold mineralization
Potassium rich core and potassium poor edgesSodium poor core and sodium rich edges

9. A high illite crystallinity factor also coincides with the gold
alteration. This crystallinity may indicate this area has
undergone high temperature alteration.

10. OB: Next Steps
The exploration program for 2013 may provide the potential
for a transformational discovery of a world class deposit and
a new gold province.
Geophysics
• Undertake a closely spaced vector induced polarization (VIP) program
• Drill targets may be determined from this VIP program
Drill program
• Drilling approximately 1000m (5x200m) in 2013
• Optimal drill hole orientation to be determined
• Tendering process to be undertaken to choose drill company

11. 11
Why UTM
• Highly prospective anomaly at Ochiriin Bulag with near-
term exploration planned
• Access to Firebird’s depth of experience and network of
relationships in Mongolia
• In-country team of operating and technical professionals
• Lean management and highly-qualified board of directors
• An ongoing proxy on unique natural resource opportunities
in Mongolia
• Firebird and affiliates own 40% of UTM
• Market capitalization below cash

12. 12
THANK YOU
undurtolgoi.com
UTM – CNSX