Undur Tolgoi MineralsEMERGING COPPER EXPLORER

JAMES PASSINChairman, Undur Tolgoi Minerals Inc.

March 23, 2012

Hong Kong

CNSX: UTM

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UTM BACKGROUND• Founded by Firebird Mongolia Fund, Ltd., a private equity fund managed by

an affiliate of New York-based Firebird Management LLC

• Firebird is the largest foreign investor in MSE-listed shares and has been

investing in Mongolian public and private equity since 2006

• Supported by Firebird’s private equity organization in Mongolia—numbering

almost 50 people on the ground

• Taken public on the Canadian National Exchange through a Reverse Takeover

(“RTO”) into a listed shell company

• Raised $7 million to finance exploration and corporate restructuring

• Strong Mongolian partner – strategic minority shareholder in UTM

• Firebird and affiliates control 45%

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UT License• UTM, through wholly owned subsidiaries, owns 100% of License

8573X, an exploration license in Mongolia

• Large land position – 9,620 hectares

• Located 106km east-by-north east from Oyu Tolgoi (“OT”), one

of the largest copper deposits in the world

• Situated in the copper belt

• Outcroppings with visible copper oxide

• Documented high grade gold surface samples in area

• Evidence of illegal ninja mining on property

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“Tall Hill” with visible malachite at surface

Undur Tolgoi

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Regional Geology

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UT: In the Shadow of Giants• 106km East North East from the world class copper gold

porphyry Oyu Tolgoi (Ivanhoe Mines market cap = $13 billion)

• 190km South East of Kharmagtai

• 98km South of Tsagaan Suvraga

• 105km South East of Shuteen

• 255km South West of Elgenn Els

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Current Exploration• Gravity and Magnetics completed mid March 2012

• 1500 soil samples taken over the entire lease on a 250m x 250m

grid, awaiting assay results

• Aster, DEM satellite imagery interpretation underway

• IP program to commence end of April

• Drilling program to follow in July/ August

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UTM Board of DirectorsJames Passin, Chairman

•Founder and Manager, Firebird Mongolia Fund, Ltd and Firebird New Mongolia Fund

•Institutional investor in Mongolia since 2006

Kenneth Farrell

•CEO, Bumi Resource Minerals, largest publicly traded Indonesian mineral company

•Executive Director, Bumi Resources, largest listed Indonesian coal mining company

•21 year BHP veteran in various executive and management capacities

Saruul Ganbaatar

•Chief Regulatory Officer, Mongolian Stock Exchange

•Previously worked in Development Financing and Cooperation Department of the Ministry of

Finance

•Experience in the financial services industry in the USA

UTM Board of Directors -- ContinuedDonald Padgett

•Experienced senior management leader

•Served as chairman, CEO, and director of a number of public and private international

resource companies

•Former Managing Director at Canaccord, the Canadian investment bank

Orgilmaa Siizkhuu

•Chief Legal Officer of NIBank, a Mongolian bank

•Law degree from the Law School of the State University of Mongolia and member of the

Mongolian Advocates Association

Larry Van Hattan

•Former Partner of Ernst & Young (Vancouver) and Ellis Foster, Chartered Accountant

•Director of several Canadian public resource companies

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UTM Management TeamDon Padgett, CEO

•Experienced venture stage resource company executive

Sabino Di Paolo, CFO

•Chartered accountant

•CFO role in three junior public Canadian resource companies

Jimmie Wilde, COO

•30 years experience open cast and underground mining

•Former General Manager for numerous mines in Africa

•Began career as Mine Overseer for Rio Tinto

Batbaatar Badangin, VP, Business Development

•CEO, CBM LLC

•Exclusive Consultant to Firebird Group of Companies

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UTM Near-Term Potential Catalysts

• Surface sample results

• Magnetic and gravity survey results

• IP program

• Migration from CSNX to TSXVX

• Regional consolidation

E-W striking quartz vein at location UT-26

Crew members at sampling pit

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THANK YOU

undurtolgoi.comUTM – CNSX