TSXV CAD Colonial Coal International Corp Western Canadas

TSX-V: CAD Colonial Coal International Corp. Western Canada’s Leading Coking Coal Developer March 2018 Investor Presentation

Legal Disclaimers This presentation may contain forward-looking statements, and forward -looking information under applicable securities laws including management’s expectations of future production, cash flow, and earnings. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ from those anticipated. These risks and uncertainties include, but are not limited to: the risks associated with the commodity industry (e. g. operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), commodity price, price and exchange rate fluctuation and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Colonial Coal undertakes no duty to update any of the forward-looking information herein. The reader is cautioned not to place undue reliance on forward-looking statements. The scientific and technical information relating to the Huguenot and Flatbed properties have been derived from the Huguenot Technical Report (dated September 23, 2013) and the Flatbed Technical Report (dated January 10, 2018), respectively. These reports have been filed on sedar. com under Colonial Coal International Corp. (CCIC). Copies of the technical reports will be made available to investors upon request. The information contained in this document has not been reviewed or approved by the U. S. Securities and Exchange Commission or any provincial or state securities regulatory authority. Any representation to the contrary is unlawful. This document does not include a complete description of Colonial Coal or any offering. Any offer of securities Colonial Coal will be made only pursuant to a subscription agreement and the provisions of applicable law. Any securities to be offered for sale by Colonial Coal are not expected to be registered in the United States under the Securities Act or under any state securities laws. Cautionary Note to US Investors Concerning Resource Estimate: The resource estimates in this document were prepared in accordance with National Instrument 43 -101, adopted by the Canadian Securities Administrators. The requirements of National Instrument 43 -101 differ significantly from the requirements of the United States Securities and Exchange Commission (the “SEC”). In this document, we use the terms “measured, ” “indicated”, and “inferred” resources. Although these terms are required and recognized in Canada, the SEC does not recognize them. The SEC permits US mining companies, in their filings with the SEC, to disclose only those mineral deposits that constitute “reserves. ” Under United States standards, mineralization may not be classified as a reserve unless the determination has been made that the mineralization could be economically and legally extracted at the time the determination is made. United States investors should not assume that all or any portion of a measured or indicated resource will ever be converted into “reserves”. Further, “inferred resources” have a great amount of uncertainty as to their existence and whether they can be mined economically or legally, and United States investors should not assume that “inferred resources” exist or can be legally or economically mined, or that they will ever be upgraded to a higher category. TSX-V: CAD www. ccoal. ca

Market Overview: Metallurgical Coal Recent Work: Flatbed Company Overview: Colonial Coal Summary: Investment Highlights TSX-V: CAD www. ccoal. ca 2

Market Overview: Metallurgical Coal Western Canadian Coal Miners are Poised to Supply Asian Markets 35 Canadian Met Coal Supply by Project Western Canadian Coal Overview BC Coal Production (Mt) ● The value of coal production in BC is forecast to exceed $5. 96 billion in 2017 up from $2. 63 billion in 2016 31, 5 28, 8 30 ● The region enjoys access to low-cost power, high-quality road and rail networks and major deep water seaports 26 24, 8 25 20 ● British Columbian ports provide the closest port of entry on the west coast of North America to Asia 15 10 5 0 2014 2015 2016 2017 Access to East Asian Markets Tianjin 14. 2 14. 8 Shanghai 13. 2 14. 2 13. 8 Prince Rupert Tokyo 10. 6 24. 3 British Columbia 14. 4 To Shanghai – 5, 092 miles To Tokyo – 4, 280 miles 11. 9 Kolkata 23. 1 To Shanghai – 4, 642 miles To Tokyo – 3, 830 miles Dalian Korea Japan Kobe China 11. 3 India Guangzhou Mumbai 25. 2 26. 4 15. 0 22. 8 24. 0 Closer to Japan than Newcastle: Newcastle to Tokyo – 4, 284 miles 12. 6 Pusan 12. 7 16. 3 Chennai 13. 0 00. 0 Hong Kong 14. 8 16. 0 Source: AME, BC Ministry of Energy, Mines and Petroleum Resources Note: Shipping Days calculated at vessel speed of 15 knots TSX-V: CAD Vancouver 00. 0 Shipping Days from Prince Rupert Shipping Days from Vancouver ● Since 2010 Western Canada has seen significant M&A activities in the met coal market. ■ Walter Energy acquires Western Coal - $3. 3 bn ■ Anglo American acquires 25% of Peace River Coal held by NEMI and Hillsborough - $166 mm ($400 m+) ■ Xstrata(1) acquires First Coal and Lossan - $193 mm ■ Winsway and Marubeni jointly acquire Grande Cache Coal -$1 bn ■ Xstrata(1) acquires Sukunka asset from Talisman Energy - $500 mm ■ JX Nippon acquires 25% in Xstrata (1) Coal BC JV $435 mm ■ Conuma Coal Resources acquires Walter Energy’s BC assets for an undisclosed amount, resumes production at Wolverine and Brule Note: Met coal includes all coals directed to metallurgical end markets (i. e. coking coals and PCI coals) 1. Now Glencore www. ccoal. ca

Company Overview: Colonial Coal Overview and Capitalization Company Overview Capitalization and Share Price Chart ● Colonial Coal International Corp. (CCIC) is a pure-play metallurgical coal development company Capital Structure ● Owns 100% interest in 2 resource-stage coal projects in the Peace River Coalfield of northeastern British Columbia Share Price ● Chairman and CEO David Austin co-built Western Coal Corp. , which was subsequently (2010) sold to Walter Energy for $3. 3 billion Basic Shares CDN $ 0. 24 148, 761, 057 ● 277. 7 Mt of Measured & Indicated plus 119. 2 Mt of Inferred resources of coking coal on the Huguenot property ● 298 Mt of Inferred coking coal resources within the Gordon Creek area of the Flatbed property Market Cap ● Targeting annual production of 3 – 5 Mt per annum from Huguenot and 2 -3 Mt per annum from Flatbed Debt ● Strategically positioned to key infrastructure for Asian export market Cash Dawson Creek Chetwynd ALBERTA Fort Nelson Prince Rupert Tumbler Ridge Flatbed Huguenot BRITISH COLUMBIA Flatbed Huguenot Key Vancouver Neptune Terminals Westshore Terminals TSX-V: CAD Project Coal Fields City CN Rail Roads www. ccoal. ca 4 CDN $ 36, 446, 000 0 CDN $ 5, 035, 637

Peace River Coalfield Chetwynd Willow Creek - Conuma - Producing (from Mid-2018) Trefi – Anglo Pacific - Resource Definition CN Rail Resources Clean Coal Reserves : 16. 6 Mt Target Production: 1. 7 Mtpa Perry Creek (Wolverine) - Conuma (Producing) Suska – Glencore - Resource Definition Resources : 91 Mt Clean Coal Reserves : 8. 8 Mt Resources : 28 Mt Production (2017) : 1. 14 Mtpa : 103 Mt Brule – Conuma (Producing ) Tumbler Ridge Sukunka - Glencore -EA Application : 298 Mt : 2 -4 Mtpa Historical Resources : 251. 5 Mt CN Rail Quintette (Mt. Babcock ) - Teck - Approved Mine Permit Wapiti - Canadian Dehua - Resource Definition Clean Coal Reserves : 37 Mt Resources : 239 Mt Target Production : 3 -4 Mtpa Resources : 758. 6 Mt Target Production : 10 Mtpa Trend & Roman Mines PRC (Anglo) - C& M : 34. 1 Mt : 35. 6 Mt : 2 -2. 5 Mtpa Belcourt – PRC (Anglo) - Feasibility Level TSX-V: CAD Resources Target Production Mt. Duke - Teck - Historical Feasibility Clean Coal Reserves Resources Target Production Feb 1, 2018 Projected Resources : 688 Mt Target Production : 6 Mtpa Flatbed - Colonial Corp. - Resource Definition Clean Coal Reserves : 16. 3 Mt Resources : 28 Mt Production (2017) : 2. 33 Mtpa Resources : 185 Mt Target Production : 3 Mtpa Murray River - HD Int’l. - Approved Mine Permit Clean Coal Reserves : 57 Mt Resources : 171. 2 Mt Target Production : 4 Mtpa Huguenot – Colonial Corp. - PEA Resources : 397 Mt Target Production : 3. 5 -5. 0 Mtpa Saxon - PRC (Anglo) - Historical Feasibility Historical “Reserves” : 76 Mt ` www. ccoal. ca 5 5

Company Overview: Colonial Coal Experienced Management and Board Management Team and Board of Directors ● Co-founder of Western Coal Corp. (WCC), Northern Energy and Mining Inc. (NEMI) and now Colonial Coal International Corp. (CCIC) David Austin Chairman, President & CEO ● 1 of 3 founders credited for taking WCC to production; WCC was sold to Walter Energy for C$3. 3 billion in 2010 ● Also credited for the exploration/development success and sale of NEMI to Anglo America for +$400 mm Matthew J. Anderson CFO ● Mr. Anderson has 10 years of experience acting as CFO of junior public companies including I-Minerals Inc. , Callinex Mines Inc. , and others. He has a Bachelor of Commerce degree from Mc. Gill University and obtained his Chartered Professional Accountant designation in 2008 John Perry COO & Director ● Over 40 years experience as a geologist. Has worked on many coal projects in northeastern BC, both as a consulting geologist and in senior, corporate, exploration management. Greg Waller Director ● Retired from Teck Resources, the world's second largest, and North America's largest, steelmaking coal producer, in 2017 as Senior Vice President Investor Relations and Strategic Analysis ● Over his 33 years with the company, Mr. Waller gained extensive knowledge of various commodity markets, industry participants and significant mining assets globally. As a member of the senior management team at Teck, Mr. Waller was involved with major strategic decisions and was a leading spokesperson for the company Wayne Walters Director ● Geological consultant and former director of Running Fox Resources and NEMI Tony Hammond Director ● Chairman and MD of Great Orme Mines and a former director of NEMI Ian Downie Director ● Professional negotiator with an established mediation and dispute resolution consulting company. TSX-V: CAD www. ccoal. ca

Market Overview: Metallurgical Coal Recent Work: Flatbed Company Overview: Colonial Coal Summary: Investment Highlights TSX-V: CAD www. ccoal. ca 7

Company Overview: Colonial Coal Recent Work – Overview of Results FLATBED PROPERTY: GORDON CREEK DEPOSIT AREA INITIAL DRILLING – SUMMER / AUTUMN 2017 TUMBLER RIDGE Location: Target Type: Coal Seams: Proximal to supportive infrastructure such as existing Rail Line, Power, Provincial Highway, Tumbler Ridge townsite and to Currently and Recently Producing Coal Mines (with Rail Loadouts and Wash Plants) plus several other very Advanced, Permitted, Coal Projects CN Rail PRC Rail Loadout Underground Mineable Murray River Footprint Gates Formation (the same as all past and current producers in the Tumbler Ridge area) No. of Seams: 8 (in descending order, Seams B, D, E, F 1, F 2, G, J, and K) Flatbed Crk. Bearhole Paved Airstip Lake Park Quintette Plantsite & Loadout FLATBED COAL PROPERTY NI 43 -101 Compliant Resources: 298 Million Tonnes of Inferred Resources Shikano Pit Windy Pit Coal Quality: • • B 029 K B 030 K Babcock Mtn. Premium, Hard Coking Coal – Seams B to G Semi Soft Coking Coal – Seams J and K Capable of producing low ash, low sulphur and low phosphorus product coals Giesler Fluidities (max. ddpm) for Seams B, D and E range from 286 to 1140 Gordon Crk. Proposed Window Pit Footprint Roman Mtn Trend Pits Quintette Mtn. TSX-V: CAD www. ccoal. ca 8 Flatbed Crk.

Company Overview: Colonial Coal Recent Work – Overview of Results Gordon Creek In-Place Inferred Coal Resource Estimate Gordon Creek Clean Coal Composite Quality (adb) Sea m ID Float S. G. Froth (sec) Moi st (%) Ash (%) VM (%) 36. 6 B 1. 5 -1. 55 30 -60 0. 51 8. 85 1. 4 19. 1 D 1. 45 NSS 0. 53 F 1 1. 48 21. 0 E 1. 5 NSS F 2 3. 67 49. 2 F 1 1. 5 G 2. 4 34. 8 F 2 J 4. 4 54. 2 K 2. 56 30. 9 Seam ID Thickness (m) Resource (Mt) B 2. 93 52. 2 D 2. 45 E Total -- TSX-V: CAD 298. 0 S (%) FSI %P in Coal Mean Max Reflectan ce (Ro. Max) Gieseler Fluidity Max DDPM Dilatati on % S. D. 2. 5 Base Acid Ratio 25. 04 0. 92 8. 5 0. 081 1. 19 1140 117 0. 22 8. 37 25. 08 0. 82 6. 0 0. 050 1. 17 1120 78 0. 10 0. 56 8. 16 22. 58 1. 32 8. 0 0. 041 1. 29 286 64 0. 11 60 0. 50 8. 58 21. 92 0. 58 8. 0 0. 058 1. 32 35 28 0. 13 1. 6 60 0. 43 8. 27 21. 27 0. 39 7. 0 0. 046 1. 32 4. 4 13 0. 22 G 1. 5 60 0. 46 7. 93 20. 64 0. 53 8. 0 0. 089 1. 39 56 17 0. 08 J 1. 40 60 0. 50 5. 54 18. 58 0. 39 5. 0 0. 022 1. 45 1. 5 - 0. 09 K 1. 5 60 0. 52 6. 01 18. 14 0. 41 3. 5 0. 002 1. 43 1. 7 - 0. 10 www. ccoal. ca 9

Company Overview: Colonial Coal FLATBED– Premium Coking Coal Characteristics ● Premium clean coal product with low ash, low sulfur, low phosphorus, and High FSI ● Weight averaged theoretical yield of 74% FLATBED Clean Coal Quality Summary (dry basis) Seam Ash % VM % FC % S % FSI %P (in coal) Theoretical Yield % % Ro. Max B 8. 90 25. 17 65. 93 0. 93 8. 3 0. 081 57. 16 1. 19 D 8. 41 25. 21 66. 37 0. 82 6. 0 0. 050 56. 76 1. 17 E 8. 21 22. 71 69. 09 1. 33 8. 0 0. 041 77. 68 1. 29 F 1 8. 62 22. 03 69. 35 0. 58 8. 0 0. 058 62. 78 1. 32 F 2 8. 31 21. 36 70. 33 0. 39 7. 0 0. 046 83. 32 1. 32 G 7. 97 20. 74 71. 30 0. 53 8. 0 0. 089 46. 43 1. 39 J 5. 57 18. 67 75. 76 0. 39 5. 0 0. 022 63. 55 1. 45 K 6. 04 18. 23 75. 72 0. 41 3. 5 0. 002 58. 84 1. 43 TSX-V: CAD www. ccoal. ca

Recent Work: Flatbed Market Overview: Metallurgical Company Overview: Colonial Coal Summary: Investment Highlights TSX-V: CAD www. ccoal. ca 11

Strategic Location With Significant Partnership Opportunities v Sharing in the development of joint infrastructure (roads / rail) with other operators and potential operators in the region would lower initial capital costs at Huguenot and Flatbed Potential to Jointly Develop Shared Infrastructure HUGUENOT ■ PEA contemplates a third party built railway used by other potential producers in the region ■ 85 km rail spur (+/- overland conveyor) to connect the project to the existing main rail line Tumbler Ridge v If not built by an independent third party, the railway could be constructed on a shared basis with other coal producers together Ridley Terminals CN RAIL with other rail providers in the region. ■ Huguenot is adjacent to the Belcourt Project (Anglo American) ■ Other nearby properties are owned by Teck Resources and Wolverine Group Canadian Dehua ■ Rail accessed by other projects would reduce costs and provide Mt. Babcock (Window) practical benefits ■ Development / operating costs would be distributed across all operators in the region for greater scale and lower per tonne cost (Angl Trend-o) ■ While rail is the preferred mode of transportation in the region, Roman trucking coal is viable but more expensive on a per tonne basis Mt. Duke FLATBED v Located close to the existing rail line and coal loadouts ■ An independent coal loadout, if required, access existing rail with a short spur line ■ Situated close to any transportation route that would connect projects to the south with the main rail line ■ Lies within a few kilometers of an existing Provincial Highway TSX-V: CAD Flatbed Huguenot (Angl o) Belcourt Saxon www. ccoal. ca 12

Company Overview: Colonial Coal Huguenot Asset: One of the Largest Hard Coking Coal Deposits in the Region ● Huguenot has a contained resource of 277. 7 million tonnes of combined Measured and Indicated resources plus 119. 2 million tonnes of Inferred resources, making it one of the largest deposits in the region ● Coals from both Huguenot and Flatbed rank as premium metallurgical coking coals ● The coals are amenable to washing to a low-ash product with low sulfur and low phosphorus ● Similar coal quality to Anglo's nearby Trend mine (premium product exported to Asia) ` 759 688 298 252 278 (M+I) 185 171 103 91 70 70 Conuma PRC (Anglo) 119 (Inf. ) Canadian Dehua (Wapiti) TSX-V: CAD HD Int’l. (Murray River) CCIC (Huguenot) CCIC Teck (Flatbed Gordon Crk Area) (Mt. Duke) Glencore & JX Nippon (Sukunka) PRC (Anglo) (Belcourt) Glencore & JX Nippon Anglo Pacific (Suska) (Trefi) www. ccoal. ca 13 (Wolverine) (Trend) 51 45 Conuma (Willow Creek) (Brule)

Company Overview: Colonial Coal Huguenot Project Overview (100% Interest) Project Location Project Summary ● Located adjacent to the proposed Belcourt South open pit (owned by PRC/Anglo) n Similar coal characteristics Duke Pit Area ● Amenable to open pit and underground mining ● 1. 5% royalty FOB port Proposed Belcourt North Pit Area HUGUENOT Colonial Coal (Huguenot) (Huguenot Canadian Dehua (Wapiti) PRC (Anglo) (Trend) Teck (Mt. Duke) Proposed Belcourt South Pit Area North Block Resource Area Middle Block Resource Area South Block Resource Area PRC (Anglo ) (Belcourt-Saxon) TSX-V: CAD www. ccoal. ca ● Located ~120 road-km from Quintette and PRC load-outs ● Requires an 85 km rail (or combination of a rail and overland conveyor) to link with existing rail line ● Proposed production of clean coal from combined surface and underground mining operations averages approximately 3 Mtpa, and ranges from 1. 4 Mtpa to 5. 9 Mtpa over 31 year LOM (as per CCIC’S PEA)

Company Overview: Colonial Coal HUGUENOT – Premium Coking Coal Characteristics ● Premium clean coal product with low ash, low sulfur, low phosphorus, and High FSI ● Weight averaged theoretical yield of 74% HUGUENOT Clean Coal Quality Summary (dry basis) Seam Ash % VM % FC % S % FSI %P (in coal) Theoretical Yield % % Ro. Max 10 8. 58 27. 22 64. 20 0. 93 8. 0 0. 187 67. 93 1. 06 9 7. 49 26. 82 65. 69 0. 83 7. 6 0. 106 74. 85 1. 05 8 7. 76 26. 20 66. 04 0. 51 6. 4 0. 034 66. 76 1. 07 6 D 5. 03 25. 87 69. 10 0. 84 7. 3 0. 043 59. 94 1. 13 6 B 6. 82 24. 78 68. 40 0. 50 6. 7 0. 084 70. 37 1. 12 6 L 7. 97 23. 23 68. 80 0. 48 6. 7 0. 091 63. 71 1. 19 5 7. 90 23. 68 68. 41 0. 34 6. 5 0. 034 81. 84 1. 19 4 U 5. 11 23. 70 71. 19 0. 73 7. 4 0. 093 91. 93 1. 19 4 5. 63 22. 91 71. 46 0. 61 7. 5 0. 030 86. 81 1. 28 3 D 4. 97 27. 82 67. 21 1. 21 9. 0 0. 098 76. 66 1. 16 3 B/3 BL 8. 74 23. 07 68. 19 0. 51 7. 7 0. 029 57. 01 1. 24 2 EF 9. 15 22. 43 68. 42 0. 41 8. 0 0. 158 51. 34 1. 24 2 A 8. 02 24. 95 67. 03 1. 04 9. 0 0. 017 65. 27 1. 22 2 Z 8. 56 22. 34 69. 09 0. 46 8. 2 0. 067 44. 36 1. 31 1 7. 86 22. 57 69. 57 0. 39 6. 5 0. 027 90. 85 1. 22 TSX-V: CAD www. ccoal. ca

Company Overview: Colonial Coal Available Rail and Port Capacity to Access Export Markets ● Production from Huguenot and Flatbed would be shipped by rail to export terminals on the west coast of British Columbia Canada Dawson Creek Chetwynd AB ● Rail lines out of the Peace River Coalfield are operated by a Class I Canadian carrier (CN Rail, largest railway company in Canada) and have available capacity to support future production from Huguenot and Flatbed ■ From the existing rail loadouts, coal is hauled by rail approximately 1, 000 km to the Ridley Terminal in Prince Rupert Peace River Coalfield Tumbler Ridge 85 km from rail load-out facility Flatbed Huguenot ● The Ridley Terminal is a deep water port with a total coal capacity of 30 mtpa (expansion completed 2014) ■ One of the deepest, ice free natural harbours in the world ■ 100% owned by the Government of Canada ■ Capable of supporting capesize vessels (250, 000 DWT) Infrastructure Port Facility / Coal Terminal CN Railway CP Railway TSX-V: CAD www. ccoal. ca 16 Coal Rank Bituminous Sub-bituminous Lignite

Company Overview: Colonial Coal World Class Infrastructure Extensive Regional Infrastructure FORT NELSON HAY RIVER ● CN Rail provides access to Ridley Terminals ALBERT SASKATCHEW A MCMURRAY FORT AN ● Deep-water coal loading facilities at Ridley Terminals n Current capacity 30 Mtpa n Recent Modification Project to increase capacity to 30 Mtpa Ridley Terminals PRINCE RUPERT PRINCE GEORGE BRITISH COLUMBIA EDMONTON SASKATOON CALGARY Neptune Terminals Westshore Terminals VANCOUVER Infrastructure Port Facility / Coal Terminal Unencumbered Access to Export Markets ● No port or rail capacity constraints REGINA Coal Rank Bituminous CN Railway Sub-bituminous CP Railway Lignite Western Canadian Coal Companies TSX-V: CAD www. ccoal. ca

Company Overview: Colonial Coal Inl et Investment Upside: Watson Island ck Tsimpsian Peninsula Tu ● In 2012, Colonial Coal through its subsidiary Watson Island Development Corp. (Watco) entered into a Mo. U with Lax Kw’alaams Band Metlakatla First Nations (“Coast Tsimshian Nation”) for the formation of a JV for the potential acquisition of the Watson Island. rt pe Ru ce in Kaien Pr Island Prince Rupert Airport Digby Island ● The Coast Tsimshian Nation have an exclusive arrangement (“Exclusivity Agreement”) with the City of Prince Rupert to purchase Watson Island. Fairview Terminal Proposed Expansion CN l Rai To Prince George 724 km To Edmonton 1, 461 km To Vancouver 1, 502 km 3 Prince Rupert Grain Ridley Terminals (Coal) 1 2 Port Edward Watson Island Ridley Island ● Watco has undertaken a feasibility investigation in relation to the development of the Watson Island. Kinahan Islands ● Watson Island is envisioned as a multi-product bulk commodity port and offers a potential and exciting solution to expand coal export capacity in British Columbia in light of increasing regional coal production Smith Island ● Watco is currently in litigation with the City of Prince Rupert in connection with the acquisition of Watson Island. 1 Ridley Terminal’s initial throughput capacity of 12 Mtpa 2 Expansion of Ridley Terminals to 30 Mtpa now complete 3 Potential site for establishment of a bulk terminal on Watson Island TSX-V: CAD ● Watco will compensate the City of Prince Rupert for actual land expenses in accordance with the terms of the Exclusivity Agreement www. ccoal. ca 18

Company Overview: Colonial Coal Next Steps: 2017/2018 Objectives 2017 Funds (C$mm) Strategic Financing Feb Mar Apr May Jun Jul 2018 Aug Sep $7. 5 Flatbed Work Program Flatbed NI 43 -101 Report Flatbed - Internal U/G Mining Scoping Report Flatbed PEA / Huguenot PEA Update TSX-V: CAD www. ccoal. ca 19 Oct Nov Dec Jan Feb Mar Apr May Jun Jul

Recent Work: Flatbed Market Overview: Metallurgical Company Overview: Colonial Coal Summary: Investment Highlights TSX-V: CAD www. ccoal. ca 20

Summary: Investment Highlights Unparalleled Investment Opportunity ● Invest in two of the largest deposits of premium quality hard coking coal in western Canada n The only Canadian listed, publicly traded pure-play coking coal company in western Canada n Open pit and underground mineable resource of approximately 400 Mt at Huguenot Project (“Huguenot”) n Underground minable resource of approximately 300 Mt at Flatbed Project (“Flatbed”) in proximity to Trend and Quintette mines ● The only junior coal company in western Canada to have a stake in a port development project n Recent Mo. U regarding potential development of port facility at Watson Island ● Gain exposure to one of the most active coal basins in a mining friendly jurisdiction with excellent infrastructure in place n Recent acquisitions by Walter Energy, Anglo American, Glencore, Conuma and Sonic. Field amongst others n Capacity expanded at western Canadian coal ports ● Strategically located coal properties adjacent to other major projects provide logical buyer and partnership opportunities n Huguenot located between Anglo’s Belcourt and Saxon project areas n Flatbed located adjacent to Anglo’s Trend mine (currently under care and maintenance), Teck’s proposed Window open pit (Mt. Babcock, Quintette), and close to HD Mining’s advanced underground coal mining project at Murray River ● Highly experienced management team with a proven track record in the Peace River Coalfield n Highly capable management team with significant prior experience advancing other development projects to production in the region ● Provides exposure to long-term Asian growth story whilst staying invested in a safe jurisdiction n Increasing demand for high quality coking coal driven by long-term Asian growth n Western Canadian coal projects have cost-advantaged access to East Asian markets TSX-V: CAD www. ccoal. ca