UNDUR TOLGOI THE OCHIRIIN BULAG PROJECT

JAMES PASSIN

Chairman

The Ochiriin Bulag Gold Property

• Large gold anomaly

• Ready to drill

• Located between the

Western Tectonic Zone

and the Middle Tien Shan

belt within the South Gobi

Basin

• Modern exploration

techniques to define drill

targets

Ochiriin Bulag:

A Significant Gold Prospect

Located on China’s Doorstep • OB is 500 km south of

Mongolia’s capital,

Ulaanbaatar

• Easy access by road

to provincial center

Burenhayhan (Bulgan)

soum

• 10 km from the

Chinese border at

Baitag

• Border crossings

through both points,

connecting via good

paved roads

Potential for a Large Discovery

• Very large undrilled gold

anomaly

• Porphyry or lode gold-

copper targets

Work program

• Soil/rock assays received

• Satellite interpretation

received

• 43-101 report underway

• Spectral report underway

• Maiden drilling 2013

OB Exploration History

• 1980s Russian geological

mapping

• 2011 IKONOS aerial

photography

• Early 2012 Two tightly

spaced soil programs

were undertaken

• 2012 Soil samples with

up to 657 ppm gold

• Mid 2012 A rock chip

sampling program was

undertaken

Significant Gold-in-Soils Anomaly

Soil samples show the presence of a large alteration cell,

indicating potential gold mineralization event or events

Sodium and potassium alteration cell

coincides with gold mineralization

Potassium rich core and potassium poor edges Sodium poor core and sodium rich edges

A high illite crystallinity factor also coincides with the gold

alteration. This crystallinity may indicate this area has

undergone high temperature alteration.

OB: Next Steps

The exploration program for 2013 may provide the potential

for a transformational discovery of a world class deposit and

a new gold province.

Geophysics

• Undertake a closely spaced vector induced polarization (VIP) program

• Drill targets may be determined from this VIP program

Drill program

• Drilling approximately 1000m (5x200m) in 2013

• Optimal drill hole orientation to be determined

• Tendering process to be undertaken to choose drill company

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Why UTM

• Highly prospective anomaly at Ochiriin Bulag with near-

term exploration planned

• Access to Firebird’s depth of experience and network of

relationships in Mongolia

• In-country team of operating and technical professionals

• Lean management and highly-qualified board of directors

• An ongoing proxy on unique natural resource opportunities

in Mongolia

• Firebird and affiliates own 40% of UTM

• Market capitalization below cash

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THANK YOU

undurtolgoi.com UTM – CNSX