Gobi Coal and Energy

Gobi Coal & Energy Ltd. (“Gobi Coal” or the “Company”) is an emerging coking coal producer based in Mongolia. Gobi Coal owns 100% of three open cut coal development projects in southwestern Mongolia. The Company's projects contain approximately 95 million tonnes of JORC reserves and 322 million tonnes of JORC resources and include more than 500,000 hectares of tenements.

The Company's Shinejinst project contains approximately 95 million tonnes of JORC reserves and 229 million tonnes of JORC resources and is expected to begin production in Q2 2012  . At full production, Shinejinst is expected to produce approximately 5 million tonnes per annum of high quality, semi-soft coking coal product.

The Company's Zeegt project contains 93 million tonnes of JORC resources delineated along 3 kilometers with significant potential resource upside. Zeegt is expected to begin production in 2015 and, at full production, will produce 3 million tonnes per annum of high quality, semi-soft coking coal product.

The Company's Khurren Gol project is an exploration project with approximately 200,000 hectares of tenements in a high quality coking coal region.