The Nariin Gol (Narrow River) Gold Mine project consists of two existing mining licenses located in Tuv Aimag, Mongolia near the Tuul River. Exploration has identified around 80 gold-bearing veins in the area, with reserves of approximately 20.3 tons estimated from exploration of two veins so far. Planned work over nine months includes geological mapping, geophysics, drilling 5,230 meters of core, resource estimation, and permitting to further explore and define the deposits. Total anticipated costs are estimated at $25 million.

1. NARIIN GOL (NARROW RIVER)GOLD MINE
2016
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2. OVERVIEW
• Two Existing Mining Licenses
MV-006364
MV-007700
• Tuv Aimag ~220 KM west of Ulaanbaatar in the Zaamar Ridge of the Khentei
Mountains, bordered on the south and west by the Tuul River
• Consists of ~80 different veins of gold
• Only 2 veins have been explored ~20.3 tones
• Exploration is required where reserves are highly expected to increase
• Existing gold mines (more than 20 different licenses) are located in the vicinity on the
northern side to the Zaamar Ridge
• Anticipate both surface and underground operations
• Some placer deposits are known to be present but have not been quantified
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3. LOCATION
Nariin Gol
Gold
Mongolian
Mineral Deposits
UlaanbaatarNariin Gol Gold
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4. 06364A07700A
Other License Areas
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5. NARIIN GOL (NARROW RIVER)
GOLD MINE
MV-006364
MV-007700
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6. POSITIONAL MAP
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7. PREVIOUS & CURRENT OWNERS
 2000 ERDMASH GROUP
 2007 ERDENET ALT CO., LTD
 2009 NARIIN GOL GOLD, LLC
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8. HISTORY
 1918: Russian geologists have done
searching
 1971: V.M. Yakilev and others to make
1:200000 scaled geological map.
 1980: Au, Tin, Tungsten steel, Flour
spar prognosis search
 1982-1985: Balatova, N.Ya.
Jabolovekaya, G. Dejidmaa, Gold
themed scientific studies.
 1987-1991: Purewsuren and others to
make 1:50000 scaled geological map.
 1992-1994: Sh Enkhbaatar assessed
hypothesis resources 20.3 ton gold in
quartz grains at Nariin Gol ore field.
 1993-1995: Erdene Alt Co Ltd made
1:10000 scaled search, estimate on grain
41, 422 and drilled 9 boreholes which
contains 650m.
 2003-2004: Erdene Alt Co Ltd 3 boreholes
drilled which contains 216.6m and 1710
meter cube trench.
 2006: Erdenet Alt Co Ltd registered for
state reserve committee total weight
1734 kg, chemical pure 1638 kg gold as
(C1) category
 2008: Erdenet Alt Co Ltd summarize and
examine resource index via take
resample on grain 41, 422.
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9. NARIIN GOL (NARROW RIVER)
GOLD MINE
License MV-06364A
104 23’7.91” 48 05’31.82”
104 21’30.9” 48 05’31.82”
104 21’30.91” 48 06’35.82”
104 22’20.92” 48 06’35.82”
104 23’7.91” 48 06’14.82”
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10. ADDITIONAL ACTIONS TO BE UNDERTAKEN
MV-006364
1. Drilling of up to 5,230 meters by: Sant Sharga, LLC
2. Further evaluation of the placer potential
3. Assay analyses by: Alex Stewart, Mongolia
4. Reserve Calculations by: Sant Sharga LLC
5. Archaeological Survey by: Ulaanbaatar University
6. Environmental and Social Impact Assessment: Greentrends LLC
7. Government approval by: Government Contractor TBD
8. Mine Plan by: Mining Institute
9. Business Plan: Mining Institute
10. Financial & Risk Analyses: Agrar, LLC
11. Investor Presentation(s) by: Zamani Capital ltd.
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11. PLANNED WORK
1. Mapping: The research team of 5
geologists will drive the road and walk
in the total research site. The aerial
map will be used for observation.
1:5000 geological mapping, which
covers 365 hectares of MV-006364
licensed site will be conducted.
2. Ground Magnetics: The magnetic
survey data could provide a target
signature where to drill on the
property. The purpose of this survey is
to help define the boundaries of the
rock units.
3. DDIP: Dipole dipole induced
polarization.
4. Drilling:
 We have planned 45 holes which
will contain around 5,230 meter of
drilling.
 Atlas Copco Boyles C6C and C8C
2 core rigs will drill on site.
5. Borehole Geological Logging: On site
logging of geological drill
holes for geologists purposes
6. Borehole Geophysical Survey: Borehole
geophysics is the science of recording and
analyzing measurements of physical
properties made in test holes. Borehole
geophysical logging provides a highly
efficient means to determine the character
and thickness of the different geologic
materials.
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12. PLANNED WORK
7. Laboratory-ALS Group:
 Detection limits ppm.
 Au by screen fire assay with AAS finish.
8. Hydrogeology: Hydrogeology exploration will be done after the exploration drilling. We are
expecting drill at least 2 holes on MV-006364.
9. Topo mapping: Topo survey shows a variety of elevations and landforms. We will do scale
1:2000 topo mapping on MV-006364.
10. Resource and Reserve Estimation: Geology reports according to Mongolian Government
standard for reserve estimation reporting. Reserve classifications Mining resource and
mineable reserve calculation
11. Feasibility Study: Mine Designing ,Mining Equipment and facilities selection and capital
cost, Mine management and labor force assessment, Economic Evaluations including
forecasts of market analysis, transportations alternatives.
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13. DRILL PLAN
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14. NARIIN GOL (NARROW RIVER)
GOLD MINE
License MV007700
104 20’36.92” 48 06’45.81”
104 20’36.9” 48 05’41.82”
104 19’33.04” 48 05’41.82”
104 19’33.04” 48 05’49.55”
104 19’0.91” 48 05’49.55”
104 19’0.91” 48 06’45.81"
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15. NARIIN GOL (NARROW RIVER)
GOLD MINE
• No definitive exploration activity has been conducted;
only geophysical evaluation
• After receiving income from MV-06364, additional
exploration for this license will be undertaken
MV-007700
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16. NARIIN GOL (NARROW RIVER)
GOLD MINE
SUMMARY OF EXPLORATION COSTS
1. GEOLOGICAL SURVEY $ 250,000
2. MAGNETIC SURVEY $ 750
3. DDIP $ 6,250
4. DRILLING $ 836,000
5. GEOPHYSICAL LOGGING $ 62,760
6. LABORATORY $ 100,000
7. HYDROGEOLOGY EXPLORATION $ 100,000
8. TOPOGRAPHICAL MAPPING $ 5,000
9. RESOURCE AND RESERVE ESTIMATION $ 55,000
10. FEASIBILITY STUDY $ 60,000
11. MINE PLANNING $ 8,000
12. LICENSE BOUNDARY MARKER $ 3,000
13. ARCHAEOLOGY STUDY $ 3,650
14. PALEONTOLOGY STUDY $ 3,650
15. GENERAL ENVIRONMENTAL IMPACT ASSESSMENT $ 10,000
16. DETAILED ENVIRONMENTAL IMPACT ASSESSMENT $ 20,000
17. GOVERNMENT APPROVAL $ 50,000
SUBTOAL $ 1,574,860
VAT (10%) $ 157,486
TOTAL $ 1,732,346
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17. SALARIES (+INCOME AND SOCIAL
TAX)
$ 285,000
OFFICE, EQUIPMENT & SUPPLIES
$ 12,000
VEHICLE, LEASE TO OWN
$ 18,000
NARIIN GOL (NARROW RIVER)
GOLD MINE
OVERHEAD EXPENSES (9 MONTHS)
TOTAL
$ 305,000
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18. TOTAL EXPENSES (9 MONTHS)
EXPLORATION & PERMITTING $ 1,732,346
OVERHEAD EXPENSES $ 505,000
CONSULTANTS FEE $ 262,654
LICENSES PURCHASE $ 22 500 000
TOTAL $ 25,000,000
NARIIN GOL (NARROW RIVER)
GOLD MINE
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19. 05/12/2014 19
INCORPORATION ADDRESS
1ST FLOOR YAMRAJ
BUILDING P.O. BOX 875,
ROAD TOWN ,TORTOLA ,
BRITISH VIRGIN ISLANDS
BUSINESS ADDRESS
CYPRUS, NICOSIA 5
VISANTIOU STREET
SPYRIDIES
TOWER,2064 STROVOLOS
,+35722210000
BULGARIA ADDRESS
VARNA 9000
,BULGARIA,MIHALIL
KOLONI 6
,+359877758222,
i.t.velikov@gmail.com
CONTACT
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