TSX.V: UCLFrankfurt: JM6

OTC Pinksheet:CQPFF

READER ADVISORY AND DISCLAIMERThis document is presented solely for the information of quali!ed

parties and prospective investors with an interest in United Coal

Holdings Ltd. (“United Coal” and the “Company”). This document

does not constitute an offer to sell or solicit an offer to buy any

securities of the Company except pursuant to the applicable

prospectus exemptions. Any party reviewing this document should

not construe its content as legal, tax or investment advice.

Safe Harbor Provision. Statements made in this document that are

not historical or current facts are “forward-looking statements” made

pursuant to the safe harbor provisions of Section 27A of the

Securities Act of 1933 (the “Act” and Section 21E of the Securities

Exchange Act of 1934. These statements often can be identi!ed by

the use of terms such as “may”, “will”, “expect”, “believe”, “anticipate”,

“estimate”, “approximate” or “continue” or the negative thereof. The

Company intends that such forward-looking statements be subject

to the safe harbors for such statements.

The information contained in this document is considered accurate

as of its date. Such information is, however, subject to change at any

time and this document shall not be construed to indicate that there

has been no change in the affairs of the Company and/or its

subsidiaries at or near or since the date hereof. Any projections of

future !nancial and operating business outlined in this document,

but are not to be relied upon as accurate representations of future

results. Furthermore, because the projected !nancial information is

based upon estimates and hypothetical assumptions about

circumstances and events that have not yet taken place and are

subject to variation, there are no representations or warranties

associated therewith, and there can be no assurance that the

projected results will be attained. Actual results will likely vary and

may vary materially.

This document does not purport to be all-inclusive or to contain all

of the information that a reader may desire as to the structure or the

affairs of the Company. No representation or warranty is made as to

the accuracy or completeness of any of the information contained

herein.

www.unitedcoal.ca

CORPORATE OVERVIEW

A Canadian based junior exploration company focused on providing sustainable growth and

value to its shareholders through the strategic acquisition, exploration and development of viable

mineral properties.

September 2010, the Company entered into an option to acquire a 60% interest in two coal

properties (the “Property”) located in Pakistan. The Property consists of 2,230 acres of land and an

application for an additional 200 km2 for exploration and extraction of coal located within the Navel & Planna Village, and Karjai Village, Tehsil and District Kotli, State of Azad Jammu and

Kashmir (AJK), Pakistan.

www.unitedcoal.ca

Potential near term producersPotential discovery of large coal basinLow costs labor - exploration / miningExperienced technical team - planned explorationLocal partner and Huge local demand of coal usageGood quality of Anthracite coal

KEY POINTS

CORPORATE STRUCTURE

Symbols TSX.V: UCL / Frankfurt: JM6 / OTC Pinksheet:CQPFF

Outstanding Shares 73,259,220

Fully Diluted

Stock OptionsWarrants

98,069,220

2,600,00022,210,000

United Coal has hired Mr. Muhammad Khalid Pervaiz, a Pakistan resident, as project manager of its subsidiary, AJK Mining Company (PVT.) Ltd.

Mr. Pervaiz graduated with a Bachelor of Science degree in mining engineering from Lahore University, Pakistan. In 1983, he obtained a Master

of Science degree in mining engineering from the same university. In 1989, he earned a M.B.A. from Technical International University Missouri

– USA, Lahore Campus.

Mr. Pervaiz is the current President of The Institute of Mining Engineers in Pakistan and is one of the leading experts in the mining and mineral

sector. He is also Chief Executive Geo of Minerals Khokhar Bala Coal Mines, Director of MINTECH-Coal Mines, Director of Katha Digwell Coal

Mines, Chairman of the Pakistan Mine Association and a mining consultant to various multinational and local organizations.

Mr. Pervaiz holds the honourable distinction of the Khawaja Farid Award for outstanding achievements in mining. He was awarded the National

Gold Medal by the Institute of Mining Engineers, Pakistan in 1985 as well as several other awards throughout his career.

Mr. Pervaiz brings a vast amount of technical and practical knowledge to AJK. He has work experience in all parts of the country and has

international experience working in various countries abroad. A decorated engineer carrying a global reputation, Mr. Pervaiz will be an

invaluable member to the AJK mining team as it seeks to expand its asset base, not only in Pakistan but in other coal-producing regions in Asia

as well.

Muhammad Khalid Pervaiz, Bsc, MBA

COAL MANAGEMENT TEAM LEADER

www.unitedcoal.ca

Simon Tam, President and Director

Mr. Tam has over 25 years of experience building successful private and public companies. He joined the board of United Coal Holdings Ltd., in

2006 and shortly thereafter, was appointed as President and CEO of the Company. In his role as President and CEO of United Coal Holdings Ltd.,

he oversees and is involved in all strategic and operational decisions, including general management, corporate !nance, corporate governance,

legal, property acquisitions and human resource management. In his career, he has been involved in real estate development, computer and

food wholesaling as well as actively leading resources companies since the early 1990's. Mr. Tam has signi!cant experience and knowledge in

managing the growth of small cap resource companies.

Craig Walker, Director

Mr. Walker is presently the owner and manager of a web-site hosting and design company. Prior to that, Mr. Walker was a stock broker until

1997. He has many years of collective experience in the !nancing and capital investment including raising capital for venture companies. Mr.

Walker was a director of several public listed companies and currently serves as a director of one other junior resource company.

David H. Rankin MBA FRSA Director

Mr. Rankin has been a Director of United Coal Holdings Ltd., since September 2004. He is currently based in London UK and is the Managing

Director of RFPA Management Ltd., providing strategic management and !nancial consulting services to a variety of businesses in the

renewables, mining and energy sectors. Mr. Rankin enjoyed a 25 year policing career (RCMP and Municipal) retiring in 1997 as an Executive

Officer. He has an MBA from the Ivey Business School, University of Western Ontario and completed the Directors Education Program offered by

the Institute of Corporate Directors.

BOARD OF DIRECTORS

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WORLD COAL PRODUCTION

World Coal ProductionWorld Coal ProductionWorld Coal ProductionWorld Coal ProductionWorld Coal ProductionWorld Coal ProductionWorld Coal ProductionWorld Coal Production

Major Producing Countries and Year (million tonnes)Major Producing Countries and Year (million tonnes)Major Producing Countries and Year (million tonnes)Major Producing Countries and Year (million tonnes)Major Producing Countries and Year (million tonnes)

Country 2006 2007 2008 2009 2010 Share Reserve Life (years)

China 2528.6 2691.6 2802.0 2973.0 3240.0 48.30% 35

USA 1054.8 1040.2 1063.0 975.2 984.6 14.80% 241

EU 595.1 592.3 563.6 538.4 535.7 4.20% 105

Australia 382.2 392.7 399.2 413.2 423.9 6.30% 180

Russia 309.9 313.5 328.6 301.3 316.9 4.70% 495

Indonesia 193.8 216.9 240.2 256.2 305.9 5.00% 18

South Africa 244.8 247.7 252.6 250.6 253.8 3.80% 119

Germany 197.1 201.9 192.4 183.7 182.3 1.20% 223

Poland 156.1 145.9 144.0 135.2 133.2 1.50% 43

Kazakhstan 96.2 97.8 111.1 100.9 110.8 1.50% 303

Pakistan 4.0 4.5 4.12 3.59 n/a n/a n/a

Total World 6,342.0 6,573.3 6,795.0 6,880.8 7,273.3 100% 118

Major  Producing  Countries  and  Year  (million  tonnes)

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Uses of coal include alumina re!neries,

paper manufacturers, and the chemical and

pharmaceutical industries. Several chemical

products can be produced from the by-

products of coal. Re!ned coal tar is used in

the manufacture of chemicals, such as

creosote oil, naphthalene, phenol, and

benzene. Ammonia gas recovered from

coke ovens is used to manufacture

ammonia salts, nitric acid and agricultural

fertilizers. Thousands of different products

have coal or coal by- products as

components: soap, aspirins, solvents, dyes,

plastics and !bers, such as rayon and nylon.

USES FOR COAL

3%3%5%

2%2%

7%

4%

74%Electricity Transformation

EnergySector

Cementationmetallic mineralproducts

Iron & Steel

Chemical & petrochemical

Other industry

Residential Other

www.unitedcoal.ca

• Area: 803,940 km2

• Population: 175,000,000

• Capital city: Islambad

• Religion: 97% Muslim

• Government: Federal Republic

• GDP: $144 billion USD (2004 est.)

• GDP per head: US$2600

• In#ation: 7.8%

• Major trading partners: China 13.8%, Saudi Arabia

10.5%, UAE 9.7%, US 6.5%, Japan 5.7%, Kuwait 4.7%,

Germany 4.1% (2006)

• Languages: Punjabi 48%, Sindhi 12%, Siraiki (a

Punjabi variant) 10%, Pashtu 8%, Urdu (official) 8%,

Balochi 3%, Hindko 2%, Brahui 1%, English (official

and lingua franca of Pakistani elite and most

government ministries), Burushaski, and other 8%

• Major industries: Textiles and apparel, food

processing, pharmaceuticals, construction

materials, paper products, fertilizer, shrimp

PAKISTAN; QUICK FACTS

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• The coal industry in AJK Kotli is in it's infancy, excellent potential for growth

• Coal from AJK is high quality ideal for industrial consumption, metallurgical coke, brick kiln

and the cement industry

• United Coal has an option to obtain a 60% interest in the Property. (Mining Leases A.D.

1283-86 and A.D262-65)

• Additional application for 200 km2 for exploration and extraction of coal located District

Kotli, AJK, Pakistan

• Two known occurrences on the Property. (Where underground coal operations have

extracted and shipped coal for pro!t)

• Assay values have classi!ed the coal as Semi anthracite with Calori!c Value

PAKISTAN PROPERTY STATE OF AZAD JAMMU AND KASHMIR (AJK)

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KOTLI COAL DISTRICTSTATE OF AZAD JAMMU AND KASHMIR (AJK)

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Coal Piles at Adit on Mining Lease AD 123-86

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Coal Piles at Adit on Mining Lease AD 262-65

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Road on Mining Lease AD 1283-86

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United Coal Holdings Ltd.3467 Commercial Street

Vancouver BCV5N 4E8

Tel: +1 (604) 871-9930 Fax: +1 (604) 871-9926

info@unitedcoal.ca www.unitedcoal.ca

TSX.V: UCL

Frankfurt: JM6