Investor Presentation

February 2012

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This presentation may contain forward-looking statements that are subject to risk factors associated with exploring for, developing, mining, processing and sale of

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are reasonable but they may be affected by a range of variables and changes in underlying assumptions which could cause actual results or trends to differ

materially. The Company does not make any representation or warranty as to the accuracy of such statements or assumptions.

This presentation has been prepared by the Company based on information available to it as at 26 January 2012 and has not been independently verified. No

representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions

contained in this presentation. To the maximum extent permitted by law, none of the Company or its subsidiaries or affiliates or the directors, employees, agents,

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otherwise arising in connection with it, including without limitation, any liability arising from fault or negligence on the part of the Company or its subsidiaries or

affiliates or the directors, employees, agents, representatives or advisers of any such party.

The Company estimates its reserves and resources in accordance with the Canadian NI 43-101 Reporting Standard of Mineral Resources and Reserves. The

Company will commence a works program to estimate its reserves and resources in accordance with the Australasian Code for Reporting of Identified Mineral

Resources and Ore Reserves 2004 Edition (JORC Code) following completion of the Pre IPO Capital Raising.

Heavener Project

Overview

Section 1

Project Location

Dallas

Resource Status

Heavener Project - Summary

The coal occurs in the Lower Hartshorne Seam in Oklahoma and

Arkansas

Seam width averages 2m and in places is up to 4m thick

Seam dips 12⁰ to 17⁰ to the NNW

Seam has moderate to high gas increasing with depth and will require

degassing

No evidence of seam faulting in the entire 18 kms of strike of the seam

Over 300 Drillholes on the tenements (29,000 metres)

Two 43-101 Reports already completed in 2008 and 2011

Resource of 65Mt within tenements

Additional 140Mt along strike and down dip (currently being

negotiated)

Raw Coal

• Ash (%) 17.9

• Volatile Matter (%) 21.04

• Fixed Carbon (%) 61.6

• Sulfur (%) 1.31

• kcal/kg 6,966

•

Washed Coal

• Float @ 1.4 Specific Gravity (%) 68.6 - 86.0

• Ash (%) 6.2 – 6.9

• Volatile Matter (%) 22.8 –23.8

• Fixed Carbon (%) 69.4 – 70.7

• Sulfur (%) 0.81 – 1.04

• kcal/kg (dry basis) 8,036 – 8,105

• FSI @ 1.5 S.G. 9.0

• HGI 100+

• Coke button 8.5 to 9

Coal Quality Low to Mid-vol Hard Coking Coal

Tenement Status

Heavener Project - Summary

Six coal leases totalling 2772 hectares held by:

Ouro Mining, Inc.

Filing Number: 1912291074

Incorporated in the State of Oklahoma, United States

Fully permitted title due to recent opencut mining by the previous

owners Farrell Cooper

Requires permitting for underground development

The region has a good skilled workforce available

Total local and government support for project development

Excellent infrastructure and access to rail and port.

Transport Infrastructure

Dallas

Potential Markets

Planned Work Q1 - 2012

Heavener Project – Planned Work

Drilling of 21 diamond drillholes for:

Geotechnical Work and Mine Design

Degassing Studies

JORC Reserve Statement

Coal washability and washplant design

2D Seismic Survey above Mines 1 and 3 areas for structural studies.

Heavener Conceptual Mine Layout

Production Status

Heavener Project – Production Summary

Planned initial production – 1Mtpa sales

Estimated Capital Cost – US$80m

Estimated Mining Cost – US$65 per tonne

Estimated Total Cost of Production – US$100 per tonne FOB

Estimated sales - +US$250 per tonne

Management Team

Section 2

Directors & Management

Management Team

Mr Larry Li – Chairman

Mr Songqiang Chen – Deputy Chairman

Mr Dong Ji – Non-Executive Director

Mr Michael Liu (MA,MBA) – Non-Executive Director

Mr Mark Syropoulo (BSc) – Alternate Director Mr Michael Liu

Mr John Fisher-Stamp (FCA, FTIA, GAICD, MIMC) – Executive Director

Mr Paul Ingram (MAus IMM) – Executive Director and CEO

Mr Tony J Huffman – Company Secretary

Mr Mark Frauenhoff – Non-Executive Director

Mr George Wang – Vice President of Finance

Metallurgy and Washplant design A&B Mylec Pty Ltd Andy Meyers – Principal

Mining and Engineering LD Operations – Mining and Design Services Peter Ross – Principal

Greg Lewicki and Associates, PLLC

Geology and JORC Resource Work Hanna Consulting Services Pat Hanna FAusIMM, CP, MMICA, MAICD, MAGMM - Principal Consultant

Technical Advisors

Advisors

Accountant San Francisco, United States Mok Accountancy Corporation

Professional Advisors

Advisors

Legal Brisbane, Australia Blake Dawson

New York, United States Sichenzia Ross Friedman Ference Anslow LLP

Offer Overview &

Share Capital Structure

Section 3

Target Capital Raising Cornerstone Investors - BFS Round

Offer Price Regulation S Shares

of Common Stock

Shares of Common Stock on issue prior to this Offer

Number of Regulation S Shares of Common

Stock to be offered under this Offer

Total Shares of Common Stock and Regulation S Shares of

Common Stock after Issue pursuant to the Offer:

o Shares of Common Stock and Reg. S undiluted

o Current Offer Price for all Shares undiluted

o Equity Value undiluted

Options Outstanding for Shares of Common Stock

US$15,000,000

US$0.45

233,333,333

33,333,333

266,666,666

US$0.45

US$120,000,000

15%1

1= Options terms provide 15% entitlement to shares of common stock following completion of first US$80m capital raising

Private Placement Seed Funding - Offer Overview

Metamining, Inc. Cornerstone

Investors

87.50% 12.50%

BFS Seed Round Equity Structure Undiluted

Ouro Mining, Inc. Ouro is seeking to raise US$15m to undertake Bankable Feasibility Study for the

Heavener Project. IPO will be considered by directors in either of Mine

Construction or Production phases. These funds will be used for the following:

o work program to bring mine reserves to JORC standard

o undertake Bankable Feasibility Study

o repayment of Metamining, Inc. Short Term Loan

o payment of Farrell Cooper balance of 2nd CN Instalment

o IPO prospectus, professional, expert costs and ASX

admission costs

o estimated offering costs – legal, technical and corporate

fees and expenses

o working capital and corporate overhead

Total

Use of Funds

US$2m

US$2m

US$0.5m

US$3m

US$2.5m

US$2m

US$3m

US$15m

US$350 to 400m

Equity Value Pre – BFS Round

Enterprise Value Pre - BFS Round

o Resource 65 million tonnes

Implied Market Capitalisation on Completion of Seed Cornerstone Investors – BFS Round

Target Market Capitalisation Range on completion of

Construction Round

US$105,000,000

US$120,000,000

US$120,000,000

Offer Overview & Share Capital Structure

Directors shall consider interposing an Australian Holding Company above Ouro Mining, Inc. preceding the

Construction Round in preparation for ASX Admission and compliance with Listing Regulations.

Directors shall consider the merits of dual listing on HKEx Post ASX IPO

US$65,000,000

70,000,000

US$0.90–$1.00

US$350 – 400m

425,625,000

15%1

44,444,444

Target Capital Raising to Fund Construction Round1

Target Additional Shares of Common Stock to be issued

at Construction Round following 1 for 3 bonus issue :

o Target Number of New Shares of Common Stock

o Target Offer Price Range per Share undiluted

o Target Equity Value on completion of Construction Round

o Target Total Shares of Common Stock undiluted

o Options Outstanding for Shares of Common Stock

Regulation S Shares of Common Stock dealing restrictions

released at Construction Round:

o Number of Regulation S Shares of

Common Stock inclusive of 1 for 3 bonus issue.

Construction Round Offer Overview & Share Capital Structure

1= Options terms provide 15% entitlement to shares of common stock following completion of first US$80m capital raising

1 = Capital required is subject to BFS outcomes . Target Capital of US$65m relates to the performance obligation of the 15% Options

holder.

Seed Round and Post Construction Round Structure Undiluted

Pre IPO

Metamining

Inc

Seed

Cornerstone

Investors

Construction Round Subject to BFS outcomes – illustration only

Metamining

Inc

Seed

Cornerstone

Investors

Construction

Round

Investors

Ouro Mining

Inc

Ouro Mining

Inc

87.50% 12.50% 73.10% 10.44%1 16.46%

1 = Based on a Construction Round price

of US$0.92c

Australia/US Junior Coal Producers, Explorers/Developers - Diluted EV (US$m)

Market Comparables

CSO OURO

101 105

Australia/US Junior Coal Produces, explorers/Developers - EV/t

1 = Ouro EV per Resource tonne comparison with Junior Explorer/Developers in Australia "Chart 6 MTE verses

recent coal market .transactions ( A$EV/T), Average 1.67 -Metro Coal RBS Morgans 15 June 2011.

Early Stage Market Comparables

2.00

1.85

1.621

Market Comparables

Ouro Comparable Junior Coal Collective -

Producers, Explorers/Developers , Australia

and United States

Company

EV $USM Resource

Mt

Reserve

Mt

EV

US$/t1 Key mines/project/(s)

Cliffs Natural Resources, Inc - NYSE

(CLF)2 757 119 6.36

INR Resources Energy, LLC West Virginia, USA acquired July 2010. Producer 2 UG Mines

Production in 2011 is expected to reach 1.7mtpa Met and 1.2 mtpa Thermal.

Bathurst Resources Ltd (BTU) 3 417 73 10 5.72

Buller Coal Project OC (NZ) Producer ramping up to 2Mtpa hard coking coal.

Massey Energy Company - NYSE- (MEE)5 960 - 416 2.30

Cumberland Resources Corp Mines located in Virginia, United States acquired in March 2011

for $960m by Massey Energy. Producer 4 UG Mines ramping to 5 mtpa in 2012 Met Coal 50%

and Thermal 50%.

Cline Mining Corporation TSX - CMK4 400 315 1.26 Elk Mine UG Project, Colorado, USA. Near Term Met Coal Producer CY Q3 2011. Ramping to

3mtpa in CY 2012.

Carabella Resources Ltd –ASX -(CLR)3 205 95 - 2.13

Mabbin Creek Complex (Bowen Basin) 3-5Mtpa UG and OC Projects. Near Term Met Coal

Producer 2015.

Stanmore Coal Limited – Mackenzie Project-

ASX (SMR)6

119 99 - 1.20 OC Project, Blackwater, QLD, Australia. Conservative / early stage EV/t. JORC inferred

resource.

Corsa Coal Corp. - TSX (CSO)7 101 80 1.28

Wilson Creek, 2 UG and 2 OC Projects Somerset, Pennsylvania, USA. Near Term Met Coal

Producer CY Q3 2011. Ramping to 2.5mtpa Met Coal 80% and Thermal 20%.

Ouro Mining, Inc – Heavener Project 120 65 35 1.85

Heavener Project, Oklahoma, USA. Additional inferred Met Coal Resource 140mt permit

process. Production Met Coal forecast CY 2013 ramping to 1.5mtpa by CY2014. CDN 43-101

completed. Scoping Study Jan 2011 Greg Lewicki And Associates, PLLC. OC and UG permits

granted.

References:

1 = EV $US/t Assumed CDN/AU $ = 1 US$ for EV comparison

2 = www.ir.cliffsnaturalresources.com and

http://www.miningweekly.com/article/cliffs-closes-757m-inr-coal-assets-acquisition-2010-08-03

3 = Bell Potter ASX Coal Sector Implications of recent M & A, 30 September 2011

4 = www.clinemining.com and Cormark Securities Inc. Coking Coal producers April 7 2011

Producers

Explorers/Developers

5 = http://www.miningweekly.com/article/massey-energy-to-buy-cumberland-resources-for-960m-2010-03-

17

6 = RBS Morgans, Stanmore Coal, 11 May 2011.

7 = www.corsacoal.com and http://www.corsacoal.com/news/index.php?&content_id=32

Timeline

• Seed Capital Funding- Jan-Feb

2012

• Drilling, seismic and JORC

resource studies Mar-July 2012

• Completion BFS Reporting Aug –

Sep 2012

• Construction Round Funding –

Sep-Nov 2012

• Procurement and Construction

Start-up Q1 - Q3 2013

• Commencement of Production

Q4 2013