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满足亚洲的能源需求

投资者简报2012年1月

多伦多证交所代码：PCY | OTC-QX股票市场代码： PRPCF | 法兰克福证交所代码：1P2

The information contained in this presentation (“Presentation”) has been prepared by Prophecy Resources Corp. (“Company”) and is being communicated for general background informationalpurposes only. The Presentation has not been independently verified and the information contained within is subject to updating, completion, revision, verification and further amendment. Neither theCompany, nor its shareholders, directors, officers, agents, employees, or advisors give, has given or has authority to give, any representations or warranties (express or implied) as to, or in relation to, theaccuracy, reliability or completeness of the information in this Presentation, or any revision thereof, or of any other written or oral information made or to be made available to any interested party or itsadvisers (all such information being referred to as “Information”) and liability therefore is expressly disclaimed. Information contained in this Presentation is the property of the Company. It is madeavailable strictly for the purposes referred to above. Neither the communication of this Presentation nor any part of its contents is to be taken as any form of commitment on the part of the Company toproceed with any transaction. This Presentation does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to subscribe for or purchase any securities in theCompany, nor shall it, or the fact of its communication, form the basis of, or be relied upon in connection with, or act as any inducement to enter into, any contract or commitment whatsoever with respectto such securities. The communication of this Presentation in or to persons in certain jurisdictions may be restricted by law and persons who may rceive communication of this Presentation should informthemselves about, and observe, any such restrictions in advance of communication to them of this Presentation. In particular, this Presentation has not been approved by an authorised person pursuant toSection 21 of the Financial Services and Markets Act 2000 (“FSMA”) and accordingly it is being delivered in the United Kingdom only to persons to whom this Presentation may be delivered withoutcontravening the financial promotion prohibition in Section 21 of the FSMA. Those persons are described in the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (“Order”) andinclude persons who have professional experience in matters relating to investments and who fall within the category of person set out in Article 19 (investment professionals) of the Order. In addition,other than a limited number of persons reasonably believed to be qualified institutional buyers (as defined in Rule 144A under the US Securities Act of 1933, as amended) or accredited investors (asdefined in the National Instrument 45/106), neither this Presentation nor any copy of its may be transmitted into the United States of America or Canada or distributed directly or indirectly, in the UnitedStates of America or Canada, or to any resident thereof except in compliance with the applicable securities laws. Any failure to comply with these restrictions may constitute a violation of applicable US orCanadian securities laws. By accepting communication of this Presentation, the recipient represents and warrants that it is a person to whom this Presentation may be communicated without a violation ofthe laws of any relevant jurisdiction. This Presentation is not to be communicated to any other person or used for any other purpose and any other person who receives communication of this Presentationshould not rely or act upon it. In furnishing this Presentation, the Company does not undertake or agree to any obligation to provide the attendee with access to any additional information or to updatethis Presentation or to correct any inaccuracies in, or omissions from, this Presentation that may become apparent either during, or at any time after this Presentation. This Presentation contains orincorporates by reference “forward-looking information” which means disclosure regarding possible events, conditions, acquisitions, or results of operations that is based on assumptions about futureconditions and courses of action and includes future oriented financial information with respect to prospective results of operations, financial position or cash flows that is presented either as a forecast or aprojection, and also includes, but is not limited to, statements with respect to the future financial and operating performance of the Company any of its subsidiaries and other considerations as set out inmore detail in the documents filed by the Company with the Toronto Stock Exchange. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “proposes”,“expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certainactions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors whichmay cause the actual results, performance or achievements of the Company and/or its current and proposed subsidiaries to be materially different from any future results, performance or achievementsexpressed or implied by the forward-looking statements. Forward-looking statements contained herein are made as of the date of this Presentation and the Company disclaims any obligation to update anyforward-looking statements, whether as a result of new information, future events or results or otherwise. Accordingly, readers should not place undue reliance on forward-looking statements due to theinherent uncertainty therein. In addition, investors are cautioned that this presentation may contain information about mineral properties adjacent to or near the Company’s properties and in which theCompany has no right or interest. Mineral deposits on such adjacent or near properties are not indicative of the mineral deposits, if any, which may be found on the Company’s properties. Mineralresources that are not mineral reserves do not have demonstrated economic viability. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of theTSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Certain statements contained in this Presentation, including statements which may contain words such as"expects", "anticipates", "intends", "plans", "believes", "estimates", or similar expressions, and statements related to matters which are not historical facts, are forward-looking information within themeaning of securities laws. Such forward-looking statements, which reflect management’s expectations regarding Prophecy’s future growth, results of operations, performance, business prospects andopportunities are based on certain factors and assumptions and involve known and unknown risks and uncertainties which may cause the actual results, performance, or achievements of the Company tobe materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this Presentation include, withoutlimitation, statements regarding the permitting, development and production of the Company’s Chandgana Power Plant, including approval of the license to build Chandgana Power Plant from theMongolian government and completion of a feasibility study by late 2011 and other information concerning possible or assumed future results of operations of Prophecy. Material risks and uncertaintieswhich could cause actual results to differ materially from such forward-looking statements include, but are not limited to, exploration, development and production risks, risks related to the Company nothaving a history of mineral production, risks related to the development of the Chandgana Power Plant, risks related to the uncertainty of mineral resource and mineral reserve estimates, the cyclicalnature of the mining industry, risks related to the availability of capital and financing on acceptable terms, commodity price fluctuations, currency exchange rate and interest rate risks, risks associated withoperating in foreign jurisdictions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays inreceiving government approvals, and unanticipated environmental impacts on operations and costs to remedy same. Assumptions underlying our expectations regarding forward-looking statements orinformation contained in this Presentation include, among others, that all required third party contractual, regulatory and governmental approvals will be obtained for the development, construction andproduction of the Company’s properties, there being no significant disruptions affecting operations, whether due to labour disruptions, currency exchange rates being approximately consistent with currentlevels, certain price assumptions for coal, prices for and availability of diesel, parts and equipment and other key supplies remaining consistent with current levels, production forecasts meetingexpectations, the accuracy of the Company’s current mineral resource and reserve estimates, labour and materials costs increasing on a basis consistent with the Company’s current expectations and thatany additional required financing will be available on reasonable terms. Although Prophecy has attempted to identify important risks and factors that could cause actual actions, events or results to differmaterially from those described in forward-looking statements, there may be other factors and risks that cause actions, events or results not anticipated, estimated or intended. Accordingly, readers shouldnot place any undue reliance on forward-looking statements as such information may not be appropriate for other purposes. We disclaim any intention or obligation to update or revise any forward lookingstatements, whether as a result of new information, future events or otherwise, except as required by law.

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Disclaimer

为什么选择在蒙古投资蒙古证券交易所指数收益率：•  2010年收益率为125% •  2011年收益率为25%（截至今日）

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乌兰敖包

昌噶纳

中国需要能源

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发改委预警严重电荒

国家发展和改革委员会在4月15日发布通知，预警华东、华北和南方省份夏季将出现严重电力短缺。

中国东部煤价持续上涨

煤炭到港价攀升导致消费区煤价持续走高，4月中旬华东地区煤炭海运费重回15元/吨（2.3美元/吨）。煤价比上月增加4.6美元/吨

中国东部面临近年来最严峻的电力短缺

华东电网4月13日公布，华东全网在夏季面临严重电荒， 可能是自2004年以来最严重的一次，预计高峰期电力缺口高达11.66GW。

在蒙古投资的世界级企业

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• 亲企业的民主政府

• 盛产资源的国家

• 迄今为止，蒙古煤炭年出口同比增长43%

• 引起越来越多的全球市场关注和活动

• 南戈壁资源香港证交所2010年IPO‐融资5亿美元

• 蒙古矿业香港证交所2010年IPO‐融资6.5亿美元

• TavanTolgoi公司香港证交所2011年IPO/伦敦证交所2012年IPO –预

计融资可达50亿美元

蒙古：投资新前沿

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预言煤电

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多伦多证交所代码 PCY股份 2亿1百万 (基本股); 2亿3700万 (稀释后股本)市值 ~9千万加元

所有权 50% 散户30% 机构投资者20% 内部投资者

债务投资组合

无~7千万加元

地点 办公室：加拿大温哥华市蒙古乌兰巴托市

• 拥有两块矿床，煤炭储量达14亿吨*

• 先于对手一年，获得所有建设电厂的相关执照

• 距离输电线路120公里

• 所在区域经济增长强劲，并具有多个大型的、长期的能源需求项目

为什么投资预言煤电

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*乌兰敖包煤矿：1.74亿吨探明和3400万吨指示储量。乌兰敖包储量估算来源于2010年12月Wardrop咨询公司提交的符合41‐101标准的可行性研究报告。昌噶纳煤田包含2个煤矿：昌噶纳陶尓和昌噶纳卡湾盖。昌噶纳陶尓拥有1.41亿吨探明储量；昌噶纳卡湾盖煤矿拥有5.09亿吨探明储量和5.39亿吨推测储量。昌噶纳卡湾盖煤矿的储量估算是基于2010年9月Kravits地质咨询有限公司提交的符合41‐101标准的昌噶纳卡湾盖煤矿储量报告。报告作者为Christopher M. Kravits Kravits地质咨询有限公司注册专业地质师。符合43‐101规范的独立作者。昌噶纳陶尓煤矿储量估算是基于2007年9月Behre Dolbear & Company (美国)有限公司提交的符合41‐101标准的昌噶纳陶尓煤矿储量报告。报告由Behre Dolbear & Company (美国)有限公司的Gardar G. Dahl注册专业地质师编写。作者为符合43‐101规范的独立作者

领导力：高管团队和董事

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李宗容(John Lee), CFA –董事长/ 首席执行官•企业家 (莱斯大学电机工程学士学位, 经济学学士学位.)于2010年创建PCY.•在14个月内将PCY的市值从1百万加元提高到2亿加元

Ronnie Van Eeden –矿业副总裁(乌兰巴托) 兼蒙古区经理•在Eskom / Sasol公司超过30年的矿业工作经验•曾任年产能在9000万至1亿吨的大型矿山管理人员

Chuluunbaatar Baz –董事• Monnis集团总裁兼董事长• Monnis 集团拥有 1,000 名员工, 为蒙古顶尖的10家公司之一

Jivko Savov –董事• Deputy CEO of En+, Oleg Derispeska下属子公司• Rusal公司前董事长, EurosibEnergo公司董事长

Michael Deats –董事• BP 煤炭部门南非公司前董事总经理, Eskom公司前总监

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煤矿位置

乌拉敖包

昌噶纳

昌噶纳(Chandgana):煤矿和电厂

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100% 所有权

储量*: 12亿吨 (探明和推测)

动力煤

低剥采比露天开采

煤矿坑口发电厂（已获执照）

100平方公里勘探权

*昌噶纳煤田包含2个煤矿：昌噶纳陶尓和昌噶纳卡湾盖。昌噶纳陶尓拥有1.41亿吨探明储量；昌噶纳卡湾盖煤矿拥有5.09亿吨探明(Measured)储量和5.39亿吨推测(Indicated)储量。昌噶纳卡湾盖煤矿的储量估算是基于2010年9月Kravits地质咨询有限公司提交的符合41‐101标准的昌噶纳卡湾盖煤矿储量报告。报告作者为Christopher M. Kravits Kravits 地质咨询有限公司注册专业地质师，符合43‐101规范的独立作者。昌噶纳陶尓l煤矿储量估算是基于2007年9月Behre Dolbear & Company (美国)有限公司提交的符合41‐101标准的昌噶纳陶尓煤矿储量报告。报告由Behre Dolbear & Company (美国)有限公司的Gardar G. Dahl注册专业地质师编写，作者为符合43‐101规范的独立作者

丰富的低成本煤炭• 低剥采比（0.5:1）*

• 靠近公路

• 低灰分,低含硫量

• 获得昌噶纳陶尓煤矿1.4亿吨采矿许可证

昌噶纳(Chandgana)：煤炭

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电煤

20m Clay

40m Coal

获得600MW电厂新建许可(2011年11月）

*昌噶纳煤田包含2个煤矿：昌噶纳陶尓和昌噶纳卡湾盖。昌噶纳陶尓剥采比为0.5:1；昌噶纳卡湾盖剥采比为2.2:1

昌噶纳陶尓

昌噶纳卡湾盖

昌噶纳煤矿 电力传输

昌噶纳(Chandgana): 电力价值链

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设计装机容量第一阶段：600MW(连接蒙古中央电网CES和东部电网EES)

第二阶段：3600MW(连接至中国）

满足蒙古供电需求

2 公里经350 公里至中国经150 公里至电网

蒙古电力需求/供给预测

来源：Energy International注：*EES-东部能源系统

**CES-中央能源系统

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0

200

400

600

800

1000

1200

1400

1600

2010 2011 2012 2013 2014 2015

RussiaEESCES

需求

供给

MW

电力缺额744 MW

俄罗斯

EES*CES**

昌噶纳(Chandgana) :地理优势

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俄罗斯

蒙古

中国靠近中国中国：400公里北京：1000公里

中央能源系统(CES)东部能源系统(EES)新传输线

昌噶纳

乌兰敖包

100 km

蒙古目前正以0.08美元/千瓦时价格从俄罗斯进口电力

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超高压线传送电力网

现有超高压线

规划超高压线

来源：SSE，sxcoal, 麦格理研究

昌噶纳

昌噶纳(Chandgana): 项目进度表

Q4      Q1    Q2    Q3    Q4 Q1    Q2    Q3    Q4      Q1    Q2    Q3    Q4      Q1    Q2    Q3

2011              2012 2013                  2014                    2015

获电厂建

设许可

签署供电合约确定EPC总承包商*

完成项目融资

开工建设

完工

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已经获得所有建设许可证

*EPC –设计,采购,建设

可行性研究

乌兰敖包(Ulaan Ovoo)煤矿

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100% 所有权

储量*: 2.09亿吨 (探明和推测量)

高品质动力煤

低剥离比露天开采

生产:2011年： 20万吨2012年： 30万吨到50万吨(预计)市场：中国、俄罗斯和蒙古

2011年五月

2010年七月

*乌兰敖包矿：1.74亿吨探明(Measured)和3400万吨推测(Indicated)煤炭储量。乌兰敖包矿储量估算数据来源于2010年12月Wardrop咨询公司提交的符合41‐101标准的可行性研究报告。

高品质储量丰富的煤炭资源•  最低收到基热量5,000 千卡/千克, 最大含硫量 1%, 11.3%灰分*•  超过20年可采年限*

低成本开采•  单煤层, 厚度50米, 剥采比 1.8: 1

乌兰敖包(Ulaan Ovoo): 极具竞争力煤矿

19*信息基于Wardrop工程咨询2010年12月提交的符合43-101标准的预可行性研究报告。

2011年4月完成设备接收• 两组完整开采,运输车队，年产能60万吨煤炭• 18辆运煤矿车

持续增长的中国市场

20数据来源: IHS McCloskey中国煤炭月刊93期，2011年10月

昌噶纳(Chandgana)：预计项目进度

• 多伦多证劵交易所主板主板上市（2011第四季度）

• 电厂许可证（2011第四季度）

• 可行性研究报告（2012第一季度）

• 签署供电合同（2012年早期）

• 最终确定EPC工程总承包商（2012年早期）

• 项目融资（2013年第三季度）

• 开工建设（2013年早期）

后续工作

21注：EPC-设计，采购，建设

• 拥有两个煤矿，共14亿吨储量*

• 先于对手一年，获得所有建设电厂的相关执照

• 距离输电线路120公里

• 所在区域经济增长强劲，并具有多个大型的、长期的能源需求项目

为什么投资预言煤电

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*乌兰敖包煤矿：1.74亿吨探明和3400万吨指示储量。乌兰敖包储量估算来源于2010年12月Wardrop咨询公司提交的符合41‐101标准的可行性研究报告。昌噶纳煤田包含2个煤矿：昌噶纳陶尓和昌噶纳卡湾盖。昌噶纳陶尓拥有1.41亿吨探明储量；昌噶纳卡湾盖煤矿拥有5.09亿吨探明储量和5.39亿吨指示储量。昌噶纳卡湾盖煤矿的储量估算是基于2010年9月Kravits地质咨询有限公司提交的符合41‐101标准的昌噶纳卡湾盖煤矿储量报告。报告作者为Christopher M. Kravits Kravits地质咨询有限公司注册专业地质师。符合43‐101规范的独立作者。昌噶纳陶尓煤矿储量估算是基于2007年9月Behre Dolbear & Company (美国)有限公司提交的符合41‐101标准的昌噶纳陶尓煤矿储量报告。报告由Behre Dolbear & Company (美国)有限公司的Gardar G. Dahl注册专业地质师编写。作者为符合43‐101规范的独立作者

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地址：2nd Floor, 342 Water Street   Vancouver, BC , Canada1.604.569.3661info@prophecycoal.comwww.prophecycoal.com

了解最新信息，请访问我们的网站www.prophecycoal.com

多伦多证交所代码：PCY