Becoming Colombia’s Leading Independent Coal Producer

June 2013

TSXV: PAK

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This presentation contains certain “forward-looking statements” and “forward-looking information” under applicable Canadian securities laws concerning the business, operations and financial performance and condition of Pacific Coal, S.A. Forward-looking statements and forward-looking information include, but are not limited to, statements with respect to business plans and strategies of Pacific Coal; information with respect to the proposed subscription receipt financing of Pacific Coal; estimated production of the various projects of Pacific Coal; the benefits of the acquisitions and the development potential of properties of Pacific Coal; the future price of coal; estimates regarding mineralization and exploration results; the ability of Pacific Coal to achieve mining success consistent with management’s expectations; and expected levels of royalty rates, operating costs, and other costs and expenses. Undue reliance should not be placed on forward-looking statements, which are inherently uncertain, are based on estimates and assumptions, and are subject to known and unknown risks and uncertainties (both general and specific) that contribute to the possibility that the future events or circumstances contemplated by the forward-looking statements will not occur. There can be no assurance that the plans, intentions or expectations upon which forward-looking statements are based will in fact be realized. Actual results will differ, and the difference may be material and adverse to the Corporation and its shareholders. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “anticipate”, “believe”, “could”, “estimate”, “expect”, “forecast”, “guidance”, “intend”, “may”, “plan”, “predict”, “project”, “should”, “target”, “vision”, “will”, or similar words suggesting future outcomes or language suggesting an outlook. Forward looking statements are based on the opinions and estimates of management at the date the statements are made, as well as a number of assumptions made by, and information currently available to, the Corporation concerning, among other things, Pacific Coal’s ability to successfully complete the proposed subscription receipt financing; anticipated geological, operational and financial performance, business prospects, strategies, regulatory developments, future commodity prices, future production levels of the Corporation’s assets, the ability to obtain financing on acceptable terms, the timely receipt of any required approvals and that there will be no significant events occurring outside of Pacific Coal’s normal course of business. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Factors that could cause actual results to vary materially from results anticipated by such forward-looking statements include changes in market conditions, risks relating to international operations, fluctuating coal prices and currency exchange rates, changes in project parameters, the possibility of project cost overruns or unanticipated costs and expenses, labour disputes and other risks of the mining industry, failure of equipment or processes to operate as anticipated, and acquisitions not being integrated successfully or such integration proving more difficult, time consuming or costly than expected. Although Pacific Coal has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. Pacific Coal undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. This presentation uses the terms “measured”, “indicated”, and/or “inferred” mineral resources. United States investors are advised that while such terms are recognized by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. Unites States investors are cautioned not to assume that all or any part of mineral resources will ever be converted into mineral reserves. Inferred mineral resources have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of an inferred mineral resource exists, or is economically or legally mineable.

Disclaimer Forward Looking Statement

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Vision

Pacific Coal is on track to produce 1.6 Mt of thermal coal in 2013

The Company has a compelling portfolio

of high quality producing assets:

La Caypa (thermal coal) Cerro Largo (thermal coal) Jam (coke)

Cerro Largo Mine

Explore, expand and develop existing producing assets to increase efficiencies, reserves and production, while securing infrastructure capacity to capture all aspects of the value chain

Seek opportunities to secure access to markets and ensure commercial flexibility

Fostering a culture of civic responsibility to the environment

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Strategy

RAW MATERIAL PRODUCTION

(UPSTREAM)

Power Generation Business

RETAIL/MARKETING

(DOWNSTREAM)

• La Caypa – thermal coal • Cerro Largo – thermal coal • Jam – hard coking coal • La Tigra – asphaltite

• PAK , Pacific Power Generation Corp. (PPG), and Proeléctrica signed on January 31, 2013, an MOU for the construction of a 150 MW power generation plant.

• The MOU calls for thermal coal to be used from the Cerro Largo mine from 2016 onwards.

1. Marketing of thermal coal (Local market and exports)

2. Marketing of coke

Vertical integration to secure market access in value-added product streams

• 100% ownership and control of La Caypa, Cerro Largo and La Tigra

• Company owns 92% of Jam, and exercises controls over 100%

Port Services

• The Company is exploring the potential of shipping liquids through the Las Flores port, a service the Company has noted is in high demand in Colombia

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(*) Source: Management estimates 2013

Asset Type Stage 2013

Production*

La Caypa Open pit steam coal mine with underground potential

Producing 1,013 Kt

(Coal)

Cerro Largo Open pit steam coal mine

Producing 612 Kt

(Coal)

Jam Underground coking coal mine upgrading to coke

Producing (Re-start)

42 kt (Coke)

La Tigra Asphaltite Exploration -

Las Flores Port Port concession for potential of shipping liquids

Evaluation -

Port of Santa Marta Puerto Brisa

1 Las Flores Port

Bogota

2

1

Medellin

Cali

3

1

2

3

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Asset Summary Diverse Portfolio of High Quality Coal Assets

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5

5

5

Executive Management Strong and Experienced Team

Executive Chairman

(Acting CEO)

Hernán Martinez

Legal VP

Maria F. Vasquez

Colombian Minister of Mines (Jul 06 to Aug 10), President of International Colombia Resources Corporation (Operator of The Cerrejón Coal Project), President of Atunec S.A., President and CEO of Exxon Mobil Colombia S.A., and Manager of Corporate Planning for Esso Colombiana S.A. Member of board of directors of CB Gold Inc., and previously, director of Interconexion Electrica S.A. ESP, ISAGEN Energia Productiva, council President and Representative of the President of Colombia at the National Hydrocarbons Agency. Mr. Martinez is also a director of Gran Colombia Gold Corp. and Pacific Rubiales Energy Corp.

Served as Chief Operating Officer of the Company since October 1, 2012. Prior to this he was an advisor and consultant to various mining companies from June 2009 to September 2012. He has also previously served as Mine Manager of International Colombia Resources Corporation (Operator of The Cerrejón Coal Project 1985 – 2002)

Executive Vice-President of the Company since October 1, 2012. Mr. Plata was Director of Fundesarrollo (Private “Think tank” that carries out economic and social studies and monitoring of public policies (Jul 2009 to Sep 2012). Prior to this he was the Administrative Vice-President of Supertiendas y Droguerias Olympica (second largest retail chain of Colombia) from April 2005 to March 2006. Mr Plata served also as Public Affairs Manager and Marketing Manager of International Colombia Resources Corporation (1988 – 2003).

Company’s Chief Financial Officer since June 25, 2012. Founder of her own financial consultant firm Estudios y Consulorias SA since April 2002. Served as manager of financial and regulatory studies of Promigas S.A E.S.P (1990 – 2000). Advisor of the Colombian Ministry of Mines (1996 to 1997).

Executive VP

Ricardo Plata

COO

Luigi Salemi

CFO

Patricia Herrera

Company’s Legal Vice-President since November 02, 2010. From 2008 to 2010 provided legal consultancies to Carbones Colombianos del Cerrejón S.A. From June 2007 to August 2008 worked as Procurement Coordinator in Prodeco S.A. Prior to this she served as legal adviser at the firm García, Ramos and Lourduy (January – May 2007).

Total Employees = 274

Includes Own Operation in

Cerrolargo

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Thermal Coal Production Profile A

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Note: Cerrolargo’s production is based on Pro-electrica requirement.

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RESERVES & RESOURCES (1)

LA CAYPA - (Inclusive of Additional Resources) Surface (Mt) Underground (Mt) Measured 11.2 35.8

Indicated - 17.8

High quality steam coal production with attractive expansion and underground potential

(1) Source: Report titled “NI 43-101 Compliant Technical Report, La Caypa Mine, Department of Guajira, Colombia” prepared by SRK Consulting and dated November 1, 2010

(2) Includes transportation, port, and administrative costs

(3) Includes South Pit development at La Caypa

(4) Average 2013-2018 Management Estimation

La Caypa Mine Significant Thermal Coal Production

(1)

Location: • Guajira Department, Colombia • Adjacent to Carbones del Cerrejón mine, largest coal mine in South

America

Resource estimate: • 47.0 Mt of measured resource (1) • 17.8 Mt of indicated resource (1)

Area: • 300 hectares

Average BTU: • 12,264 (1)

Average Sulphur: • 0.69% (1)

Operations: • One open-pit mine currently operating

₋ South pit expansion in development with expected start-up in 2013 and potential production of additional 1.0 Mtpa

• Underground mine development in 2013

2012 Production • 892,363 t (4)

2013 production • 1.013.021 t (4) (Forecast)

Projected Costs (2): • US$85/t (4)

Avg Contract Price: • US$100/t in long-term contracts.

Infrastructure: • Secured allocation at Santa Marta (250 km) • Expected additional capacity at Puerto Brisa, mid-2013, reducing

freight costs by 40%-50%

Strip ratio 2012: • 7,01:1 Operational stripping ratio • Total stripping ratio 8.8:1 (3)

LA CAYPA – COAL CHARACTERISTICS (1)

Year Moisture % Ash % Sulphur % CV Btu/lb

2012 9.94 6.14 0.64 12,265

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La Caypa Mine Operations Increasing production and improving strip ratios

(1)

Source: Management estimates * Does not include South Pit – total waste (tonnes) estimated for 2012: 1,582,740

2012 La Caypa production was 892,363 tonnes

• Strike of operator’s workers (Jan-Feb 2012) • Change of the operator (Dec 2012)

2013 La Caypa production expectation are

1 Million tonnes

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Extension of existing open pit to south of highwall with same premium coal characteristics as the primary pit with a similar CV Btu/lb

Straightforward integration into existing mining operations

Expected production start-up in first quarter of 2014

South pit measured and indicated resources of 7.7 Mt(1)

South pit development to be concurrent with existing mining operations

La Caypa Mine South Pit Expansion to Extend Mine Life

(1) Report titled “NI 43-101 Compliant Technical Report, La Caypa Mine, Department of Guajira, Colombia” prepared by SRK Consulting and dated November 1, 2010

SECTOR +400

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Mine planning underway based on 16 coal seams showing consistent thicknesses suitable for underground mining (average thickness ranging from 2.3 metres to 6.8 metres)

Measured and indicated resource of 53.6 Mt (1)

Potential thermal coal production to increase 0.8 – 1.0 Mtpa expected to commence in first quarter of 2014

Existing pit provides underground access point with three contemplated levels to depth of 240 metres from pit bottom

Studies underway to determine optimum mining method and design; potential to become the largest underground coal operation in Colombia

Underground potential to drive resource expansion and continued growth in production(1)

ELEVATION: 0

ELEVATION: -150

ELEVATION: -300

Level 1 Cradle

Level 1

Level 2

EXISTING OPEN PIT

La Caypa Mine Underground Mine

(1) Source: Report titled “NI 43-101 Compliant Technical Report, La Caypa Mine, Department of Guajira, Colombia” prepared by SRK Consulting and dated November 1, 2010 and management projections

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Contains high volatile bituminous type B coal with high calorific values and low sulphur

Cerro Largo – La Divisa Acquisition of Significant Coal Production

(1) Source: Report titled “Independent Technical Report, Cerro Largo Mine” prepared by SRK Consulting and dated February 2011

(2) Includes transportation, port, and administrative costs

(3) Management Estimate

Location: • Cesar Department, Colombia in the La Jagua de Ibirico coalfield

• Adjacent to licences owned by Drummond and Vale. Glencore is currently operating an open-pit mine on the adjacent La Jagua sector

Resource estimate: • 11.6 Mt – 21.2 Mt inferred (1)

Area: • 488 hectares

Average BTU: • 12,128 (1)

Average Sulphur: • 0.77% (1)

Operations: • Open-pit mine currently operating

Projected Costs (2): • US$74/t, own operation with leasing equipment

2012 Production • 375,719 t

2013E Production • 611,486 t (3) (Forecast)

Infrastructure: • Secured allocation at Santa Marta (250 km) • Expected additional capacity at Puerto Brisa in

the first half of 2014, reducing freight costs by 30%-40%

Strip ratio 2012: • 19.52:1 (2012) • Long-term mine plan has been implemented

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Cerro Largo Increasing production and improving strip ratio

2012 Cerro Largo production was 375,719 thousand tonnes

The Company has set production targets for 2013 for Cerro Largo at 0.6 million tonnes The Company took over operation of the

mine as of April 2013

Source: Management estimates

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Coke production facility and underground coking coal

Jam Coking Coal and Upgraded Coke Production

(1) Source: Report titled “SRK Technical Report Written To Be Compliant With NI 43-101 On Contract 7241, Boyaca, Colombia” prepared by SRK Consulting and dated August 2010

Location: • Samaca Municipality, in Department of Boyaca

• 3,000 small HCC producers in the area

Resource estimate: • 2.8 Mt in situ (1)

Area: • 52 hectares

Average BTU: • 13,800 with coking properties (1)

Average Sulphur: • 0.92% (1)

Operations: • Underground coking coal

• Upgrading coking coal to coke

Management has been focused on processing third party purchased materials for use in the production of coke until international prices increase.

Management has been contacted by potential strategic partners interested in acquiring the coke at the mine mouth, eliminating freight costs for PAK.

Management continues with its plan to develop the underground coking coal project in 2014 .

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River Transport Coal Mine Coal/Asphaltite Project Road Ports

Legend

Significant port and road infrastructure in place to support existing regional coal production

Regional Infrastructure Proximity to Infrastructure Supporting Growth

Colombia

Venezuela

Panama

Barranquilla

Cartagena Cartagena Port

Port of Santa Marta

La Caypa

Cerro Largo

La Tigra

Puerto Brisa

Las Flores Port

Puerto Bolivar

Jam

Contract services in stockpiling and shipping capacity at the Port of Santa Marta until July 2014

Production trucked 250 km by paved highway to Santa Marta at a cost of approximately US$20-$23 per tonne from La Caypa and 280 km from Cerro Largo at a cost of approximately US$23-US$24 per tonne

Expected capacity at Puerto Brisa provides an alternative port location closer to both La Caypa and Cerro Largo with potential to reduce freight costs by 40%-50% and by 30%-40%, respectively

o Puerto Brisa construction expected to be completed by Q4 2013, providing an additional 35 Mt of specialized coal shipping capacity

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Pacific Coal acquired a port concession situated on the Magdalena River near the Port of Barranquilla (approximately 5km from the Caribbean Sea) to be used for shipping liquids and exporting coke, specialized coals and bulk commodity products.

This project has undergone a strategic reorientation resulting in a plan to expand the environmental license to include a fuel permit in order to facilitate the transport of liquids.

Port of “Las Flores” Investing in Long-Term Port Access Port concession for potential of shipping liquids

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Profile

La Tigra – Asphaltite

La Tigra outcrop

Location of La Tigra: • 80 km from Barrancabermeja

Area: • 5,700 hectares

Operations: • Geophysical, metalotelluric, and gravimetric studies are in progress; results expected Q3 2013

• Based on the results, the Company will determine an adequate course of action for the property.

Infrastructure: • 70 km from Bucaramanga with paved roads between Bucaramanga and San Alberto

• 80 km from Barrancabermeja, the centre for petroleum refining and a port on the Magdalena River

Asphaltites are species of bitumen, dark-colored, comparatively hard and non-volatile solids, composed principally of hydrocarbons.

As of today, in the La Tigra area there is evidence of the presence of two different types of asphaltite: Grahamite and Gilsonite.

Management expects a significant resource at La Tigra to be confirmed with a National Instrument 43-101 compliant report – physical evidence on outcrops, oil seeps and 3 mines already in production in the area lead to optimistic forecasts on the existence of important asphaltite reserves.

• This property has two mining titles GKI-114 with

4303.56905 Has. and title IIS-15091 with 1,401 Has.

both of which are in exploration stage.

• PAK engaged in a MOU with La Tigra LLC. They are

assessing our information as a result of the

exploration campaign.

• La Tigra LLC is interested in jointly exploiting the

mining titles for gilsonite and asphaltite, and should

present an offer to jointly exploit the titles.

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Pacific Coal Health, Safety, Environment, and Community

Health and Safety Mission: Achieve Health and Safety goals through stewardship, integrity, and empowerment

• The Company encourages its employees to participate actively in safety initiatives and prevention programs

• All of our employees take part in our community health programs as both volunteers and patrons

The Company seeks to continuously reduce the number of workplace and operational safety incidents, with the ultimate goal of achieving the lowest accident frequency rates in the industry

• The Company seeks to work with partners with high health and safety policies and standards

• The Company strives for eco-friendly operations wherever possible, by forming strategic alliances with environmental corporations

• The Company maintains weekly updates of its safety performance indicators

Community Mission: Maximize shareholder value while fostering a corporate environment of responsible citizenship and respecting the interests of our stakeholders and members of the communities in which we operate

• The Company aligns its initiatives with the needs and activities of local governments, to contribute to the nation’s progress

• The Company works closely with non-profit organizations to maximize its community efforts

• The Company ensures responsible operations by minimizing, wherever possible, its impact on the environment

• La Caypa mine named as an example of environmental best practice by SGS at the 8th Annual International Mining Congress

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Common Shares and others

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High-grade material of which global supply is permanently depleting and thus carrying premiums

High-quality coal characteristics – high BTU, low moisture, low ash, low sulphur

Access to international markets via ports – improving efficiencies and cost reductions

Opportunities to develop projects to access growth markets such as coking coal and colloidal fuels

Strategically located, high-quality projects in a world-class jurisdiction with significant growth potential

Pacific Coal Summary

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APPENDIX

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Source: Ingeominas Colombian Institute of Geology and Mining; Energy Information Administration; Reuters; Intierra

Colombia is one of the top ten largest producers of coal in the world and the fourth largest exporter of coal.

Coal is the third main export from Colombia, after coffee and petroleum.

Colombia has one of the largest proven coal reserves in the world, with over 7 billion tonnes of recoverable reserves and 17 billion tonnes of potential reserves

Total Colombian coal production reached a record level of 89.2 Mt in 2012, increasing by 4% over 2011.

Pribbenow (Drummond)

Calenturitas (Glencore)

La Francia (Goldman Sachs)

El Descanso (Drummond)

La Jagua (Glencore)

Cerro Largo

LA GUAJIRA DEPARTMENT

CESAR DEPARTMENT

La Tigra

Jam

Cerrejon (BHP/Xstrata/Anglo)

La Caypa

Colombia A World-Class Coal District

El Hatillo (Vale)

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Source: BP Statistical Review of World Energy and Bloomberg *Economist Intelligence Unit

Colombian Coal Production (Mt) DMTU Thermal Coal Price (FOB Puerto Bolivar)

Colombia A World-Class Coal District

$-

$20

$40

$60

$80

$100

$120

$140

$160

$180

$200

CAPP Coal Futures FOB Puerto Bolivar

Average contract price in 2012: $100