TSX-V: PFNovember 15, 2013

RESTARTING THE

DELGERKHAN FLUORSPAR MINE

IN MONGOLIA

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Legal Disclaimer

2

This document has been prepared by Berkh Uul JSC (“Berkh” or “the Company”) in connection with providing

an overview to interested investors.

This presentation contains forward looking statements which involve subjective judgment and analysis and are

subject to significant uncertainties, risks and contingencies including those risk factors associated with the

mining industry, many of which are outside the control of and may be unknown to Berkh Uul.

No representation, warranty or assurance, express or implied, is given or made in relation to any forward

looking statement. In particular, no representation, warranty or assumption, express or implied, is given in

relation to any underlying assumption or that any forward looking statement will be achieved. Actual and

future events may vary materially from the forward looking statements and the assumptions on which the

forward looking statements were based.

Given these uncertainties, readers are cautioned not to place undue reliance on such forward looking

statements, and should rely on their own independent enquiries, investigations and advice regarding

information contained in this presentation. Any reliance by a reader on the information contained in this

presentation is wholly at the reader’s own risk.

Berkh Uul and its related bodies corporate and affiliates and their respective directors, partners, employees,

agents and advisors disclaim any liability for any direct, indirect or consequential loss or damages suffered by a

person or persons as a result of relying on any statement in ,or omission from, this presentation.

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Company History

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� 1954 deposit discovered.

� 1973 - 1999 operated as a subsidiary of Monros.

� 1999 - 2006 operated as a Mongolian state run enterprise.

� 2006 Fully privatized.

� 2011 Firebird acquired a controlling interest.

� 2011 to present Firebird has conducted a legal and financial clean up,

has installed a management team, conducted a 43-101 drilling

program, and has begun the process of restarting operations.

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Firebird in Mongolia

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Firebird Management LLC� Among top performing funds globally

� Firebird Fund launched 1994

Net cumulative return: 4,543%

� Firebird New Russia Fund launched 1996

Net cumulative return: 2,357%

� Extensive knowledge and experience in Mongolia

� 7 years working in country

� 40-person business development office in Ulaan Baatar

� Owns and operates Sharyn Gol coal mine

Berkh Uul JSC � Mongolian fluorspar resource company

� Owned by Firebird Management LLC (99.8%)

� Primary asset: Delgerkhaan fluorspar mine

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Project Overview

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Metspar Grade (60-96%)

Acidspar Grade (>97%)

Petroleum Alkylation

Hydrogen Fluoride (HF)

Cement and Ceramics

Steel/Iron

Nuclear Fuel FluorocarbonsAluminum Fluoride

and Cryolite

Fluoropolymers

FluorsparFluorsparFluorsparFluorspar

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World Production

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World Fluorspar Production 1950 - 2012

Year

Mill

ion

Tonn

es

-

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

1949 1954 1959 1964 1969 1974 1979 1984 1989 1994 1999 2004 2006 2007 2008 2009 2010 2011 2012

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Fluorspar

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Wor ld production and reserves of fluorspar (in ‘000 metric Wor ld production and reserves of fluorspar (in ‘000 metric Wor ld production and reserves of fluorspar (in ‘000 metric Wor ld production and reserves of fluorspar (in ‘000 metric tonnestonnestonnestonnes))))

Country Production 2009 Production 2010 % of World Production

2010Reserves*

% of Total World

Reserves

China 2,900 3,000 55.6% 24,000 10.4%

Mexico 1,040 1,000 18.5% 32,000 13.9%

Mongolia 460 450 8.3%$ 12,000 5.2%

Russia 240 220 4.1% – –

South Africa 204 130 2.4% 41,000 17.8%

Spain 140 120 2.2% 6,000 2.6%

Namibia 74 110 2.0% 3,000 1.3%

Morocco 75 80 1.5% – –

Brazil 64 65 1.2% – –

Kazakhstan 67 65 1.2% – –

Kenya 16 30 0.6% 2,000 0.9%

Other 180 170 3.1% 110,000 47.8%

World Total (rounded) 5,460 5,400 100.0% 230,000 100.0%

Source: USGS (*) Measured as 100% calcium fluoride

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Fluorspar

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Fluorspar production by region2012 (%)

World: Leading four exporters of fluorspar 2012 (%)

Source: USGS, Roskill

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Mongolian Exports (20 year trend)

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No Country

1995 2000 2005 2012

quanitity

/tonn/

Amount

thous/USD

quanitity

/tonn/

Amount

thous/USD

quanitity

/tonn/

Amount

thous/USD

quanitity

/tonn/

Amount

thous/USD

1 Russia 141,822.49 21,459.32 171,410.60 17,192.64 154,888.69 12,526.70 251,147.05 62,344.70

2 People's Republic of China 0.00 0.00 0.00 0.00 13,040.29 889.12 166,055.15 37,607.90

3 Ukra ine 25,330.40 2,121.12 75,680.52 5,344.89 6,663.02 1,183.90

4 Korea 0.00 0.00 0.20 9,049.75 827.10 1,518.67 335.30

5 Germany 0.00 0.00 0.00 0.00 937.33 36.93 531.40 125.00

6 Japan 0.00 0.00 0.00 0.00 2,456.05 274.93 231.50 107.10

7 Uzbekistan 0.00 0.00 0.00 0.00 3,909.85 238.67 705.37 400.70

8 United States of America 64.00 9.57 0.00 0.00 56,340.00 5,169.48

9 Hungary 0.00 0.00 0.00 0.00 0.00 0.00

10 other 0.00 0.00 527.30 42.18 7,424.46 512.68 2,002.95 402.60

SUM 141,886.49 21,468.90 197,268.30 19,356.15 323,726.94 25,820.50 428,855.11 102,507.20

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Fluorspar Rich Mongolia

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Mongolia’s mining sector*

�80% of the country’s exports

�50% of government revenue

*Source: National Statistical Office of Mongolia

Mongolian Fluorite Regions*

�22Mt of contained CaF2

�139 known fluorite deposits

�Over 700 identified fluorite prospects

*Source: Roskill Report 2013

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Delgerkhan Fluorspar Mine

Historical Resource*

�Technical report: August, 2012*

� Indicated: 6,620,000t @ 33.7% CaF2

� Inferred: 3,020,000t @ 33.0% CaF2

�Room to expand license

�Regional Setting: many additional mineralized veins

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High Quality Fluorspar Product

�Acceptable to all users

� Extremely low sulphide content – less than 0.01%

� Low phosphorus – approximately 50 ppm

*Please refer to

Disclaimer on

page 2

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Mine History� Exploration

� 439 core holes done by Soviet Union (6 by Firebird)

� 88,000m diamond drilling

� Trenching and surface pits

� Mining

� Peak Production of 170,000 t/annum (late 80’s)

� 1988-1999: 540,000 tonnes CaF2 produced.

� Identified veins adjacent to license boundary with historic resources

� Many excellent exploration targets offer near term potential

Delgerkhan Fluorspar Mine

History and Infrastructure

Location and Infrastructure� Access by good gravel road

� 80km from Undurkhaan city, 13 km from Berkh City

� Rail spur at Baganuur 270km away

� Berkh City - 110 kilowatt electrical power connected to the central grid

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Delgerkhan Mine

Satellite View

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Historical Resource*

� Technical report: August, 2012*

� Indicated: 6,620,000t @ 33.7% CaF2

� Inferred: 3,020,000t @ 33.0% CaF2

� Room to expand license

� Regional setting: many additional

mineralized veins

*Please refer to

Disclaimer on page 2

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View of

Underground Mineralization

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4 levels

• 2 ful ly developed, 2 partial

• Over 10km of dri fts and tunnels

2 Shafts

• Shaft 1: 200m

• Shaft 2: 150m

2013 Infrastructure Replacement Costs:

$50-100 million

• Shafts and underground development

• 439 core holes, 88,000m dri lled

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Estimated 18 month construction period: � De-watering

� Estimated 60 days to de-water the existing workings to level 2 (100m depth)

� Remediation of the existing shafts� New equipment, piping and wiring

� Full replacement of hoists, cables and dumping/receiving systems

� Reconditioning of underground workings� Ground support, scaling, piping and tracks will be 100% replaced

� Ventilation and heating systems installed

� Mining Method: Shrinkage stoping� Mechanized multi-car tramming

� Air operated chutes installed directly into drifts

� Construction of flotation facility to produce an acid grade product

Re-commissioning the Delgerhkan Mine

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Management in Place� CEO, Mendsaikhan Bold

Extensive experience in fluorspar and Mongolia. Previously with MONROS.

� COO, Jimmie Wilde Over 35 years experience in open pit and underground mining. Seasoned

mining executive. Previously with Rio Tinto.

� CFO, James Flores

Over 30 years experience in financial services. MBA, Finance from Wharton

School, University of Pennsylvania. Previously CFO Columbia Energy

Resources – metallurgical coal mining firm

Near Term Potential� Identified veins adjacent to current mining license

� Excellent exploration targets

� Toll processing

� Potential acquisition of existing fluorspar mines

Moving Forward

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Thank you for your attention