Dennis Price, COO, Mongolian Energy Corporation

1. ENERGY AND RESOURCES DEVELOPER
Mongolia Energy Corporation
(HKSE Stock code: 276)
Khushuut Coal Project Update
June 2010

2. June 2010
 MEC’s business model is to acquire concessions and to put in place a strong in-house team,
including industry veterans in the geological, mining and legal areas to lead exploration,
development and compliance aspects relating to the concessions. In this sense it is “an energy
and resources developer”. MEC’s business model is a focused, professional and realistic one.
 MoEnCo LLC is a 100% owned subsidiary of MEC. MoEnCo is the operating company within
Mongolia.
Energy Resources Developer
2
Business Model

3. June 2010 3
Our Businesses
Coal
Oil & Gas Minerals

4. June 2010 4
MEC Assets
Coal, Minerals, Oil & Gas
MINERALSCOAL OIL & GAS
Western
Mongolia
Southern
Mongolia
Xinjiang
PRC
 19% of a wholly foreign owned
Chinese corporation with scope
to invest in coal, copper and
iron resources in Xinjiang and
elsewhere in China
 20% interest of multi-metals
project with 235,600 tonnes of
tungsten trioxide and 49,400
tonnes of tin resources
(pending completion)
 20% consortium member in
1.18 MM hectares oil and gas
project, Ergel XII Petroleum
Block, at production contract
ratification stage
 34,000 hectares of coal
concessions in Khushuut and
Darvi in western Mongolia
 2,986 hectares of ferrous
metals concessions in Bayan-
Olgiy, western Mongolia
 32,000 hectares of coal, ferrous and non-ferrous metals concessions
in Gants Mod, western Mongolia
 263,008 hectares of coal, ferrous and non-ferrous metals resources
concessions in Olon Bulag and Gobi Altai, western Mongolia

5. June 2010 5
MoEnCo
Western Mongolia
 MoEnCo has Coal, Ferrous & Non-ferrous Metals Concessions in Western Mongolia

6. June 2010 6
 Continued exploration of resources and planning of North
Khushuut.
 Exploration program overseen by independent technical
advisor John T. Boyd Co.;
 600 ha of 330,000 ha of concession developed (Khushuut)
Resources Exploration
Progress to Date

7. June 2010 7
Khushuut Project Overview
Khovd, Western Mongolia
 Khushuut Coking Coal Mine
Darvi Soum District, Khovd Province, Western Mongolia
210 km south of the provincial capital of Khovd
1,350 km west of Ulaanbaatar
310 km northeast of Yarant border crossing between
China and Mongolia
 Environmental
Eastern flank of the Altay Mountain range
elevation of 2,000 m
rolling hills little vegetation and minimal soil cover
annual rainfall -100-300 mm per year
Temperature 25ºC in Summer,-25ºC in Winter,
 -50ºC not uncommon

8. June 2010
John T. Boyd Company (“Boyd”)
Independent Technical Advisor
Over 60 years of expertise in completing reserves audits
and stock listing requirements for coal companies
Conducted more than 2,000 reserves audits, including
audits for some of the largest coal producers in the US
Technical consultant of China Shenhua’s IPO
All exploration is with the input and advice of the
independent technical adviser
The exploration results are analyzed by the independent
technical adviser
The mining plans are developed with the independent
technical adviser
8
Khushuut Project Overview
Professional Partners

9. June 2010
Resources Exploration (cont’d)
Substantial Established Resource Base
9
Notes
1. Resource estimate for an open-pit mining operation to depth of up to 400 m
2. Includes in-seam partings up to 0.3 m thick
3. Includes mineable coals to a minimum overburden depth of 5 m
4. Includes material mined under the coal seams to allow for a 35º slope
 Boyd calculated a Coal Resource estimate in accordance with the international JORC
Standards for the two major seams at Khushuut
 The Khushuut Mine resources consist of both premium coking coal and weathered
coal that are surface minable
Indicated Coal Resources (JORC)(1)
Seam
Avg. True
Thickness
(m)
In-Place(2)(3)
Coal Seam
(MMt)
Over-
burden(4)
(Bm3
MM)
Burden
Ratio
(Bm3
/t)
C 29.1 101.7 657.8 6.5
B 13.8 47.5 78.7 1.7
Total NA 149.2 736.5 4.9
Source: ITR dated Oct 16, 09 issued by Boyd

10. June 2010
 The Boyd ITR plans that the Khushuut Mine would produce coal at a full run rate of 8 MM
tonnes per annum as of Year 4 (2013):
Coal Production
Production Schedule
10
Note
1. Assumes product sold is Product 1: Blend of 15% coal < 50 m depth, 55% C Seam coal > 50 m depth, 30% B Seam coal > 50 m depth
0.50
3.00
5.00
8.00 8.00 8.00 8.00
0.48
2.85
4.75
5.85 5.85 5.85 5.85
0
3
6
9
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 19
Raw Coal Saleable Coal
Coal Production Schedule
MMt
Source: ITR dated Oct 16, 09 issued by Boyd

11. June 2010 11
Leighton LLC (“Leighton”)
International Contract Miner
Has been operating in Mongolia since 2007
A subsidiary of Leighton Asia (part of the Leighton
Group), Leighton Holdings is the world’s largest
contract miner, listed in the Australian Stock
Exchange (stock code: LEI AU)
Leighton Asia has been operating in Asia since
1975, it is Australia’s largest project development
and contracting group with annual revenues
exceeding US$16billion. Area of operations include
Hong Kong, Macau, China, Mongolia, Taiwan,
Philippines, Guam, Thailand, Vietnam, Laos,
Cambodia, Indonesia and Kazakhstan.
Khushuut Project Overview
Professional Partners

12. June 2010
 Conventional open pit operations using diesel-powered
equipment
 Utilization of hydraulic excavators and large off-highway end-
dump trucks will allow multiple mining faces for coal
production
 Produces a high-quality blended coal product
 Maximizes the recoverable coal resource at low cost
Mining Method & Plan
Low-Cost, Open Pit Operations
12

13. June 2010
Community and
Infrastructure Development
13
After MoEnCo
construction
Before MoEnCo
construction
 Creation of over 600 direct onsite and over 1000 direct
contractor employment positions in the next 6 years
 Over 10 x multiplier flow on effect
 Local bag level business and development
 340km road construction substantially built , scheduled for
completion Autumn 2010
 Construction of small power plant for mine specific use, to be
expanded to supply into the local Western grid

14. June 2010
 Exploration
 88,500 m drilled to date, 366 drill holes
 200 tonne bulk sample of high-quality coking coal was delivered to Baosteel Group
Xinjiang Bayi Iron & Steel Co. Ltd. (“Baosteel Bayi”), in Xinjiang Province for full scale
testing
 Development
 Land Use Agreements have been granted
 accepted Mine Feasibility Study of the Khushuut Project on 22 Jul ’09
 EIA submitted on 9 Sep ’09, approved on 12 Oct ’09
 Mine plan approved May 2010
 Leighton Asia Mining contract 1st July 2010
 Marketing
 In Jan 2010, MoEnCo entered into a long term coal supply agreement with Baosteel
Bayi relating to years 2010 to 2020
14
Khushuut Project Milestones
Exploration, Development & Marketing

15. June 2010
THANK YOU
Investor Relations Contact:
40th Floor, New World Tower 1, 16-18 Queen's
Road, Central, Hong Kong
Tel: (852) 2138-8000
Fax: (852) 2138-8111
Email: ir@mongolia-energy.com
Website: www.mongolia-energy.com