1. 1
Investor Presentation
May 2014

2. This document contains certain forward-looking information. This forward-looking information includes, or may be based upon, estimates,
forecasts, and statements as to management’s expectations with respect to, among other things, the size and quality of the Company’s
mineral resources, progress in development of mineral properties, timing and cost for placing the Company’s mineral projects into production,
costs of production, amount and quality of metal products recoverable from the Company’s mineral resources, demand and market outlook for
metals and coal and future metal and coal prices. Forward-looking information is based on the opinions and estimates of management at the
date the information is given, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to
differ materially from those projected in the forward-looking information. These factors include the inherent risks involved in the exploration
and development of mineral properties, uncertainties with respect to the receipt or timing of required permits and regulatory approvals, the
uncertainties involved in interpreting drilling results and other geological data, fluctuating metal and coal prices, the possibility of project cost
overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future,
uncertainties related to metal recoveries and other factors. Mineral resources that are not mineral reserves do not have demonstrated
economic viability. Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them
that would enable them to be categorized as mineral reserves. There is no certainty that mineral resources will be converted into mineral
reserves. Readers are cautioned to not place undue reliance on forward-looking information because it is possible that predictions, forecasts,
projections and other forms of forward-looking information will not be achieved by the Company. The forward-looking information contained
herein is made as of the date hereof and the Company assumes no responsibility to update them or revise it to reflect new events or
circumstances, except as required by law.
CautionaryStatementregarding the preliminaryeconomic assessment of the Revenue Silver Mine(“RSM”)
This presentation includes a preliminary ("PEA") with respect to the RSM. The PEA is preliminary in nature and includes inferred mineral
resources that are considered too speculative geologically to have the econeconomic assessment omic considerations applied to them that
would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized. The PEA is based on the
Company's assessment of the mineral resources at the RSM and the RSM's production infrastructure and is subject to the qualifications and
assumptions contained in this presentation, including without limitation the assumptions contained under the heading “Financial Model
Assumptions" and the qualifications contained under the heading "Forward-Looking Information”
2

3. Corporate Information
Listings: TSX (Canada): FT
OTC QX (USA): FTMDF
Share Price $0.35
Shares Out – Basic 188.2
Shares Out – Fully Diluted 197.6
Market Cap – Basic $65.9
Working Capital (Q1 2014) $7.4
Total Assets (Q1 2014) $113.3
All amounts in M or CAD$M except per share amounts.
Share Performance
Analyst Coverage
Dealer Date Rating Target
Killian Charles
Industrial Alliance Securities
June 28, 2013 Spec Buy $3.30
David Davidson
Paradigm Capital
May 13, 2014 Spec Buy $1.25
Michael Fowler
Loewen Ondaatje McCutcheon
May 12, 2014 Spec Buy $2.65
Ownership
Procon Resources Inc. 19%
Directors & Officers 5%
Insiders total (includes Procon) 24%
As of May 21, 2014
3
SharePrice(C$)
TradingVolume(M)
-
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
$0.00
$0.05
$0.10
$0.15
$0.20
$0.25
$0.30
$0.35
$0.40
$0.45
$0.50
May-13 Jul-13 Sep-13 Nov-13 Jan-14 Mar-14
Daily Volume
Closing Price

4.  Canadianmining company
 HeadquarteredinLondon,Ontario,Canada
 Operatinginmining friendlyjurisdictions
Acquisitionof Revenue Silver Mine
 Historical14 millionozsilverproducerinsouthwest
Colorado,U.S.A.
 Producerinadvanced stagesofcommissioning&
rampingup to400 tons/day
 SeeRevenue SilverMine presentationfordetails
Two late-stageprojects
 ArctosAnthracite Project,BC
 PositiveFeasibilityStudy
 InBCEnvironmentalAssessmentprocess
 NICOGold-Cobalt-Bismuth-CopperProject,Northwest
Territories(NT)&Saskatchewan(Sk):
 PositiveFeasibility&FEEDStudies
 EAapprovalsreceivedforNT&Sksites
 Combinedpre-taxNPV of$ 1 billion(1)
4
(1) Please see “Cautionary Statement regarding Preliminary Economic Assessment of the RSM”

5.  Significant deposit of gold, cobalt & bismuth co-products & by-
product copper
 Positioned to be one of the largest & lowest cost suppliers of
cobalt sulphate to the rapidly expanding battery sector
 Very advanced project with $110 million already invested –
Including pilot plants & test mining
 EA’s completed in NT & SK
 2014 updated positive Feasibility Study based on vertically
integrated mine & mill in Northwest Territories & refinery in
Saskatchewan
 Attractive economics – Pre-tax NPV of $254 million* & IRR
15.6% - Highly leveraged to increases in cobalt & gold prices
with low downside risk
 Cycle metal pricing sensitivity analysis indicates potential
levered pre-tax 7% NPV of $543 million
 Negative cash cost – Cobalt cash cost (net of credits) of
negative US$5.19/lb
 Planned production in 2017 , subject to project financing -
Negotiations underway
Test mining 2006/2007
*Levered base case: pre-tax, 7% discount rate
5

6. June 27, 2013 - Strategic (19.4%) investment of C$11.7 million by Procon Resources Inc. (Procon)
 Procon is controlled subsidiary of China CAMCE Engineering Co., Ltd.
 Procon acquired interest in Fortune as 1st stage investment for proposed project financing to develop NICO
project
 Long-term strategic & financial partner to help advance NICO project
 Providedfinancing inchallenging capital market – Validates Fortuneas companywithhigh growthpotential
 Financing overview:
 CAMCE/Procon anticipated to contribute equity & debt guarantee with Chinese bank
 Right to conduct mining contracting & construction services to project on commercially competitive
terms
 CAMCE/Procon has one seat on Fortune’s board of directors
6

7.  Provenflowsheet toproduce highvalue products:
 Gold:DoréBars
 Cobalt:SulphateHeptahydrate (~20.9%Co)– Potential to diversifyproductionwith cathode, Carbonate, Oxide,
Chloride&Nitrate
 Bismuth:ingot (>99.995%Bi), needles (>99.995% Bi)&Oxide (89.7%Bi)
 Copper:Cement (~90% Cu)– Potential to produceCathode
Cobalt Sulphate
Bismuth Ingot
7
Gold Doré
Bismuth Needles Bismuth Oxide
Copper Cement

8. 8
$363
$410
$445
$604
$697
$873 $873
$1,211
$1,574
$1,669
$1,398
$-
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
$1,800
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
10-Yr Historical Gold Price
Source: Bloomberg, Consensus Economics Inc.
 Gold price increased in the past decade
 While mine supply remains relatively flat,
future demand continues to grow:
 Growing physical demand from Asia &
central banks
 Investment demand based on
currency protection & safe haven
status
 Flexible financing opportunities
 Significant counter-cyclical metal hedge
NICO contains 1.1 million ounces of gold

9.  Wide chemical & metallurgical market
applications in batteries, high strength alloys,
cutting tools, magnets, catalysts & pigments
 High purity cobalt is used in aerospace
applications
 Cobalt sulphate & oxide used in lithium ion &
nickel metal hydride batteries for electronic
devices & hybrid/electric vehicles
 Chemical applications accounted for 58% of
worldwide cobalt demand in 2013 & expected
to dominate future cobalt consumption
 Over past decade, demand growth was
primarily from use in chemical applications,
particularly rechargeable batteries & catalysts
 Cobalt demand expected to grow at ~7% per
year in the next five years
42%
19%
9%
9%
7%
4% 3% 7%
Cobalt Consumption by End Use
2013
Battery Chemicals
(42%)
Superalloys (19%)
Hard Materials (9%)
Catalysts (9%)
Ceramics / Pigments
(7%)
9

10. 10

11. 11

12.  Teslaplans tobuild $5 billionlithium-ionbattery plant inU.S.
 Anticipated toproduce 500,000 lithium-ionbatteries by 2020 – morethan wereproduced globally in 2013
 ModelSuses NickelCobalt Aluminum(NCA)cathode chemistryfromPanasonic(contains ~9%cobalt)
 Teslapreference forNorthAmericasuppliersto minimizeenvironmentalimpacts &materialcosts
 SMPPstands out asNorthAmericanfacilitydedicated tothe productionofcobalt chemicals
12

13. 13

14.  Traditionaluses inlowtemperature &fusiblealloys,cosmetics,chemicals, fireretardants &sprinklersystems
 Newmarkets focusonnon-toxic,environmentally safereplacement forleadinplumbing &electronicsolders,
brass,steel&aluminum, ceramicglazes, hot dipgalvanizing, pigments &automotiveanti-corrosioncoatings&
windshieldfrits:
 Globalframeworkto eliminate leadexpected to driveincreasedbismuth consumption
 European(REACH)legislation toeliminate lead inelectronics
Growing Number of Applications
Source: USGS Industry Survey
14

15. 240,000
45,360 39,000
11,000 10,000 10,000 5,000
48,661
China Vietnam Other
Countries
Peru Mexico United
States
Canada NICO
World Bismuth Reserves (Tonnes)
 Worldmarket ~15,000 tonnes per year
 China isthe principal sourceofbismuth(240,000 tonne reserve), accounting for60%ofworldreserves,but 80%of
worldproduction
 China closed20%ofits productiondue toenvironmental&mine safety issues– Policiestorestrict exports
 NICOcontainsover48,681 tonnes ofbismuth -12%ofglobalreserves&world’slargest deposit
 NICOwillbe a reliable NorthAmericanvertically integratedproducer
World’s
largest
deposit
*
*Canada reserves exclude NICO
Source: USGS Industry Survey 2010 & Company market studies
15
80%
8%
6%
3%
1%
1% 1% 0%
0%
0%
China
Peru
Mexico
Japan
Kazakh
Bolivia
Canada
Russia
Roman
Bulgari
World Bismuth Mine Production (MT)

16. NICO Mine & Concentrator - NWT
 Largegold-cobalt-bismuth-copperdeposit
 160km fromCity ofYellowknife
 450km fromrailwayat Hay River
 Highconcentrationratiowithflotationto
reduce4,650 tonnes oforeper day to180 wet
tonnesofconcentrate
 Allowsshipping to Saskatchewanforlowercost
processing
Saskatchewan Metals Processing
Plant (SMPP)
 Hydrometallurgical plant 27 km north of Saskatoon to process concentrate from NICO & other potential feed
sources
 Plant will produce gold doré, cobalt sulphate, bismuth ingot, needles & oxide & copper metal precipitate
 Low cost power (~5.7 cents kWh), skilled labour pool, 5-year tax holiday & close to reagents & services
16

17.  5,140 Halease in southern NT
 Winteraccessroads
 All-weatherroadplanned by governments
tohighway (135 km)
 Engineering &environmental work
being completed
 450kmfromrailwayat Hay Riverfor
transportofconcentratesto SMPP
 160kmfromCity ofYellowknife
 50kmfromTownofWhati
 22kmfromSnareHydro &lowercost
hydropowersupply
 Settledlandclaimswith TlichoGovernment
17

18. Underground Mineral Reserves
Tonnes
(Thousands)
Au
(g/t)
Co
(%)
Bi
(%)
Cu
(%)
Proven 282 4.93 0.14 0.27 0.03
Probable 295 5.00 0.07 0.07 0.01
Total 577 4.96 0.10 0.17 0.02
Open Pit Mineral Reserves
Tonnes
(Thousands)
Au
(g/t)
Co
(%)
Bi
(%)
Cu
(%)
Proven 20,453 0.92 0.11 0.15 0.04
Probable 12,047 1.03 0.11 0.13 0.04
Total 32,500 0.96 0.11 0.14 0.04
Combined Mineral Reserves
Tonnes
(Thousands)
Au
(g/t)
Co
(%)
Bi
(%)
Cu
(%)
Proven 20,735 0.97 0.11 0.15 0.04
Probable 12,342 1.13 0.11 0.13 0.04
Total 33,077 1.03 0.11 0.14 0.04
Metal Contained 1.11 Moz 82.3 Mlb 102.1 Mlb 27.2 Mlb
Sums of the combined reserves may not exactly equal sums of the underground and open pit reserves due to rounding error.
18
The mineral reserve estimates were prepared by Eugene Puritch, P.Eng., Fred H. Brown, P.Geo., and James L. Pearson, P.Eng. of P&E, who are the Qualified Persons
responsible for the 2012 FEED mineral reserves as defined by NI 43-101.Procon identified additional high-grade mineral reserves outside of the open pit design from the
2012 P&E mineral resources and have been included into a combined mineral reserve statement. Henry Wulkan,., P.Eng. Manager of Projects for Procon is the Qualified
Person responsible for the additional underground mineral reserves as defined by NI-43-101.

19. Riskmitigation
 Testminingcompleted to confirmdeposit geometry
&grades
 ~$20 millionpre-productiondevelopment
completedby Proconwith 2 kmofdecline ramp,2
minelevels &ventilation raisetosurface
 Largesamplescollectedforpilot plant testing
 Pilotingcompletedtoconfirmprocessflowsheets,
recoveries&productquality
 Front-EndEngineering &Design(FEED) completed
with~20%ofdetailed engineering formine,
concentrator&SMPP
 Executionplaninplace forprojectdelivery
 3rd party due-diligence completed onall aspects of
project
19

20. PositiveFeasibilityStudy with strong economics
 Verticallyintegratedproject consistingofopenpit
&undergroundmine, mill&hydrometallurgical
refinery
 Lowcapital costsof$589 million
 Negativecashcostnet ofcredits
 Significantdetailed engineering reducing risk
 Metalrecoveriesverifiedfrompilot plants;
 Goldrecoveryrangesfrom56 to85%, withan
average:73.7%
 Cobaltrecovery~84%
 Bismuthrecovery:72%
 Copperrecovery:41%
Feasibility Study Highlights – Base Case
Mine type Open pit with underground in 2nd year
Mining method
Open pit: conventional truck & loader
Underground: blasthole open stoping
Strip Ratio Waste to ore 3.0 : 1
Processing rate 4,650 tonnes of ore/day
Mine life 20 years (potential for additional 3.2)
Processing Processed to high value metal products
Levered pre-tax NPV (7%) $254 million
Levered pre-tax IRR 15.6%
Capital costs $589 million
LOM average revenue/yr $196 million
LOM average operating cost/yr $98 million
Cobalt operating cost (net of
credits)
Negative US$5.03/lb at Base Case
20Base Case Price assumptions are US$1,350/troy ounce (“oz”) for gold, US$16/pound (“lb”) for cobalt (US$19.04/lb in sulphate), US$10.50/lb for bismuth (US$12.64/lb bismuth in average
production of ingot, needles and oxide), and US$2.38/lb for copper at an exchange rate of C$1=US$0.88.

21. NICO willbe reliableCanadian-based producer of strategic metals
Annual Production
Metals Contained
3,560,400 lbs 41,360 oz 3,824,400 lbs 582,500 lbs
% of Revenue 39% 33% 27% 1%
Base Case Price assumptions are US$1,350/troy ounce (“oz”) for gold, US$16/pound (“lb”) for cobalt (US$19.04 cobalt/lb in sulphate), US$10.50/lb for bismuth (US$12.64/lb bismuth in
average production of combined ingot, needles and oxide), and US$2.38/lb for copper at an exchange rate of C$1 = US$ 0.88
21
$76
$63
$55
$2
0
10
20
30
40
50
60
70
80
90
100
Cobalt Sulphate Gold Bismuth Copper
Average Annual Revenues by Metal - Base Case
C$M

22. Significantopportunity existsto strengthen project economics
 Exploitadditional potential fornew resourcesfromknownshowings&geophysicalanomalies
 Developnearby Sue-Diannecopper-silver-golddeposit
 Extend mine lifefor3+ yearswithstockpiledsub-economicmaterial
 Procurementofmetals frombest value countries
 Generateadditional returns fromSMPP
 Customprocessingofconcentrates sourcedfromother mines
 Expansionpotential already designed
 Expandinto metal recycling
 Significantcommoditypricesupside
 Highercobalt price fromsupply disruptions in DRC
 Highercobalt pricesfromlowerNi-Colaterite production
 Goldforwardsales&political uncertainty
 Higherbismuth pricefromlowerChina exports
22

23. Progressing through final stagesof permitting process
 EnvironmentalAssessmentscompletedformine &SMPP
 Mine&millapprovedby FederalMinister&TlichoGovernment
 SMPPapprovedby SaskatchewanGovernment
Advanced relationships with Aboriginal groups
 Signed Co-operative Relationship Agreement with
Tlicho Government
 Initiated Tlicho Participation Agreement Negotiations
Project Financing & Development Options
 Deloitte engaged to advise on project financing &
development options targeting project level joint
venture:
 Minority equity investment
 Off-take relationship
 Commitment to arrange debt financing for
construction
23

24. Proposed Development Timeline – Assumes access to full financing
24
2014 2015 2016 2017
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
SMPP fully
permitted
NICO fully permitted
Financing
Engineering &
procurement
Construction
Commissioning
Commercial
operations

25. One of the world’s premier, late stage met coal projects – poised to make final steps to production
 Jointventure withPOSCO-Committedpartner &leading steel player
 Advancedmajormetallurgical coalprojectinWesternCanada
 Over$110 millionofworkcompletedover30+ years
 Updated FeasibilityStudy withrobusteconomicscompletedOctober 2012
 Welladvanced logisticsplan– railto PortofPrince Rupert – allowsforscalableexpansion
 BCEnvironmentalAssessmentinprocess&advanced communityplan
 NewcorporatepartnershipwithCAMCE/Proconwillaiddevelopment certainty
25

26.  ValidationofArctoswithstrategicpartnershipwithPOSCO– One ofthe world’slargest steel companies
 Amongtop200 globalcompanies-US$58 billonrevenue -US$25 billionmarket capitalization
 Leadinnovatoringlobalsteel industry
 Rawmaterialsinvestment forvertical integration
 POSCOCanada acquired 20%joint venture interest basedontemplate ofsimilarinvestments in resourceprojects
 $30millionpaid toFortune,$20 millioncontributed directly tothe JV toadvance permitting
 20%oftotaldevelopment &capital costs– $158 millionunder current estimates
 20%ofoperatingcostsfor20% ofproductionin-kindfortheir ownuse
 Management Committee comprisedofFortune&POSCOrepresentatives overseeingdevelopment
 Fortuneis ProjectOperator-Compensated forprovidingsupport overlifeofmine
POSCO Gwanyang steel plant
26

27. Arctos is one of the largest& most advanced Canadian projects of high rank anthracite coal
 Highestquality metallurgicalcoalwithveryhigh carbon&energy content
 Representsonly1%ofworldcoalreserves
Metallurgicalcoal with diverse applications
 MetallurgicalReductants / charge carbon
 Ultra-LowVol.PCI
 Sinter
 Otherproducts:
 Filtermedia
 Blendcoalwithcokingcoalformaking metallurgical coke
 Directcokereplacement
 Ureafertilizers,synthetic fuels&plastics
 Heating&cookingbriquettes
 Pelletizing
 Premiumthermal coal
 Cement
 Foodprocessing
27

28. Arctos will produce ultra low volatile PCI & other unique products that will command price premium
Properties
(adb)
Charge Carbon
Product
PCI
Product
Sinter / Thermal
Product
Fixed Carbon (%) 84.8 82.6 77.5
Ash (%) 8 10 15
Volatiles (%) 6.4 6.5 6.2
Sulphur (%) 0.5 0.5 0.5
Residual Moisture (%) 0.9 0.9 1.1
Total Moisture (%) 1.2 5.0 6.0
HGI 42 40-45 40-45
Energy (Kcal/Kg) 7639 7,423 6,830
Energy (GJ/t) 32.4 31.1 -
Energy (Btu/lb) 13,741 13,352 12,285
Size (mm) 6-35 0-50 0-50
28

29.  Steelmakersexpanding PulverizedCoal Injection(PCI)
toreduce costs&improvemargins
 PCIreduces amount ofcokein blast furnace
(cokemade fromcokingcoal)
 SeabornePCImarket expected togrowat 8%
CAGRto2018
 Low-volatilePCItypically pricedat 70%to 80%
ofhigh quality hardcokingcoal
 ArctosPCIwillachieve higher pricedue to
highercarbon&ultra-lowvolatilecontent
Source: Macarthur Coal, Peabody
29
 Arctos coal will also have diverse usage in other
metallurgical processes
 Sinter feed
 Can replace 15% - 30% of blast furnace coke
with anthracite
 New steel technologies (FINEX / Cokonyx /
HiSmelt)
 Growth of electric-arc steel manufacturing
 Ferroalloys & other metal processing
Anthracite helps the steel industry manage costs

30. Supply constraints due to declining exports & lack of new supply
 China: 547 million tonnes – Net importer since 2004
 Vietnam: 44.5 million tonnes – Reducing exports to 5% of production by 2015 to utilize production
domestically
 Few new high-quality deposits in mining friendly jurisdictions
0
100
200
300
400
500
600
China Vietnam North Korea* Ukraine Russia Other
Mt
Supply of Anthracite - 2011
Production
Export
Production
Export
China Vietnam North Korea* Ukraine Russia
Export /
Production
0.8% 43.1% 13.2% 27.1% 48.5% 8.5%
Source: Company research, corporate presentations, Wood Mackenzie & U.S. Energy Information Administration
*Production statistics from 2010 data. “Other” includes Spain, South Africa, South Korea, Germany, USA, and United Kingdom.
30

31. China became net coal importer of anthracite in 2004, coking coal in 2007 & all coals in 2009
Source: China Coal Resource Website, Bloomberg
31
$47 $45
$58
$125
$115
$98
$300
$129
$215
$291
$209
$160
-$200
-$100
$0
$100
$200
$300
$400
-200
-100
0
100
200
300
400
500
600
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
HardCokingCoalPrice(US$/t)
NetImports(Mt)
Coal & Anthracite Net Imports by China
Coal Net Imports (Mt)
Anthracite Net Imports (Mt)
Hard Coking Coal Price (US$/t)

32. 32
0
50
100
150
200
250
300
350
2005 2006 2007 2008 2009 2010 2011 2012 2013e 2014e 2015e 2016e 2017e 2018e
AnnualImport(Mt)
Japan China India South Korea Brazil Europe Others
Source: Wood Mackenzie, Morgan Stanley Research, SNL-MEG, Deloitte
Seaborne metallurgical coal imports from 2005 to 2018e
 China’s demand for metallurgical coal expected to grow 83% from 2012 to 2018 representing 24% of
seaborne metallurgical coal market
 Urbanization of India, Africa & other emerging markets from 2015 to 2045 could equal China’s demand
growth between 1985 & 2015
 Increased requirements for higher quality metallurgical coals to improve steel manufacturing efficiencies &
lower costs will increase demand
China will remain key consumer with growing demand from other emerging markets

33.  M&I at 230mt - Small fraction of total global resource
 Lost Fox deposit remains open for possible expansion - additional coal seams
 Historical Resources include 2bn + tonnes in the Speculative class (1)
Area Measured Indicated M&I Inferred
Lost Fox 107.9 109.5 217.4 91.5
Hobbit-Broatch 13.5 13.5 258.4
Summit 9.6
Lost Fox Extension
Total 107.9 123.0 230.9 359.5
Coal Resources Run-of-Mine Coal Reserves 10% Ash Product Reserves
Measured Indicated Inferred Proven Probable Total Proven Probable
Total
Product
172.4 20.4 12.1 115.0 9.9 124.9 64.4 4.8 69.2
Historical Arctos Global Resources (million tonnes) (1)
Lost Fox Metallurgical Coal Reserves and Resources (million tonnes) (2)
(1) The Arctos Mineral Resource & Mineral Reserve estimates were prepared in 2002, 2005, & 2007, respectively, by Marston & Marston Inc. in compliance with NI 43-101.Richard Marston, P.E.
is the Qualified Person responsible for the estimates. Historical Resources include 2.2 billion tonnes in the Speculative class. The historical resource estimate was developed by Gulf in 1988 and
updated in 2002 by Marston-Golder to reflect changes in the estimation of Inferred Resources under Paper GSC 88-21. The Speculative portion of the resources is not compliant with current
reporting standards. A qualified person has not done the work necessary to classify the historical estimate of Speculative resources as current mineral resources under NI 43-101 and the estimate
should not be relied upon. Speculative Resources were developed based on estimated average coal thickness applied to the projected aerial extent of the coal. Further information regarding the
Arctos Coal Resource & Reserve estimates is available from the Company’s disclosures under the Company’s profile on the SEDAR website at www.sedar.com
(2) The 2012 DFS utilized updated Resource & Reserve estimates for the Lost Fox Deposit, which Edward Minnes, P.E. is the Qualified Person.
33

34.  FeasibilityStudy completedOctober2012 basedonrailtransportto port&diesel powersupply
 Initial3 Mtpa productionfromLostFoxdeposit openpit mine, washplant &site infrastructure
 69.2Mt ofproduct coalreserves– 25+ yearsproduction
 Premiumultra-lowvolatile PCIproduct
 Lifeofmine average FreeOnBoard(FOB)vessel cashcostC$127.61/tonne (US$121.22/tonne)
 Recentoptimizationsinclude connectionto BCelectrical grid-Forecasttosave C$7/tonne
BASE CASE
Ultra-Low Volatile PCI
US$175/tonne (C$1 = US$0.95)
PRE-TAX AFTER TAX
IRR 17.0% 14.7%
NPV (8%) C$615.9 million C$405.8 million
Capital (Years 1-3) C$788.6 million
(includes railway capital)
$0.6
$1.2
$1.9
$2.5
$3.2
$3.8
$-
$0.5
$1.0
$1.5
$2.0
$2.5
$3.0
$3.5
$4.0
$175/t $200/t $225/t $250/t $275/t $300/t
C$B
FOB Price (US$/t)
NPV - Pre-tax at 8%
The 2012 Feasibility Study was prepared by Golder-Marston in compliance with
NI 43-101. Mr. Edward (Ted) Minnes, P.E. is the Qualified Person responsible for the study.
34

35.  Railway road bed largely constructed to mine site by BC Government
 Project economics supports 150 km brownfield extension from Minaret
 Environmental Assessment on railway extension underway as part of mine development
 MOU in negotiation with CN to operate railway
 Other parties interested in the rail – Dramatic reduction of railway cost to improve project economics
Existing railway right-of-way & road bed
35

36.  Railwaypermit approvalrequirements establishedwithBC &FederalGovernments
 Permitswillbe completedinparallelwithmine permits– Similartoresourceroad
 Newsectionofrailincluded inprojectEnvironmental Assessment
 BCGovernmentofficialswillauthorize railbed forArctos’private use
 Advancingdiscussionsforthird party financialsupport
 Governmentagreesto provisionforcostrecoveryfromthird party users
 Potentialthird party usersidentified &discussionsin progressforcostsharing
 Railexpertise retained
 IncooperationwithCN,AECOMengaged tocomplete engineering work
36

37. Ridley Coal Terminal a world class coal & bulk materials handling facility
 Port currently has ~5 Mtpa capacity available
 Ice-free, deep water port 30 hours closer to Asia than Port of Vancouver to reduce ocean freight
 Capable of handling full Capesize vessels up to 250,000 dwt
 16 Mtpa design capacity under expansion to 25 Mtpa – Permitting future expansion up to 60 Mtpa
 Opportunities for shared cargos & blending of coals with other metallurgical coal producers
 Companies with committed capacity have contacted Fortune to sell their allocations
37

38. 38
What’snew:
 Federal&BC GovernmentsharmonizedEAsubstitution process
 Schedule,costs&milestonesestablishedwithBC Governmentto better understand permitting completion
timeframe
 Ongoingdialogue withBC Governmenttocommunicatestrategies
 Railapprovalrequirements establishedwithFederal&ProvincialGovernments
 Agreementreached withthe governmentonrailcostrecoveryfromthird party users
Discussions progressing with the Government
 EstablishmentofBC MajorInvestment Office– Arctosidentifiedas majorproject
 PacificGateway Policyofexpanding trade with Asia
 BCGovernmentrevenue sharing withAboriginalgroups
 CassiarIskut-StikineLandResourceManagement Plan approved&implementedby BC Government&Tahltan Joint
Councilin 2000 - Identifies Klappan area forcoalmining

39. 39
Gitxsan NationSupportive
 Continued excellent relationshipwithGitxsan
 MOU&AccessAgreements signedwithGitxsan Chiefs
 Annualpresentations at Gitxsan Summit
 GitxsanCommunity Liaisonshired
 TraditionalUse &Knowledgestudies underway
TahltanNation– Government Leading
 Fortunesupporting BCGovernmentprocessto resolveKlappan
openissues
 Clearunderstanding ofcommunitydynamics achieved
 Tahltan eldershave agreed topresent project materialsto
influential elders
 EAProcessFunding, TraditionalKnowledge&PEM Data Sharing
Agreementsinplace

40. 40
What’sNew:
 EAprocesscontinues toadvance
 2013 summerfieldseason:
 Additionaldrilling(17 holes)(+2 partial)to collectsamplesforenvironmentalstudies &product quality
 Fieldworkongoinginsupport ofEnvironmentalAssessmentforpowerline, rail&mine site
 Mineplan adjustedforfirst25 yearsofproductiontorestrictmining activities to single watershed
 EnvironmentalworkinggroupformedwithFortune,BCGovernment,Tahltan andGitxsan participants
Scheduled to move forward:
 Targeting ApplicationInformationRequirements (AIR)approval inQ22014
 PreparationforapplicationforEnvironmentalAssessmentCertificate (EAC)inQ12015

41.  Nextsteps include:
 Completepermitting activities
 Continue Tahltan, Gitxsan &stakeholder engagement
 Advancerailengineering &permitting -Establishagreements withrailoperator
 Secureportcapacity
 Securelowcostpowerforthe sitewithextensionofelectricalgrid
 Conduct additional drilling forexpansionofreserves
 Deloitteengaged toadvise onprojectfinancing &development optionsinclude:
 Identifysecondstage strategicpartner(s)forproject financing
 Equity investment in project
 Off-takerelationship
 Commitmentto arrangedebt financing forconstruction
41

42. Early
Exploration Target Testing
MineralResource
Engineering & Economic Studies
Construction
Initial
Production
Mine
Operation
42
ExplorationConcept
ClosureandReclamation
3 – 6 Years 6 – 7 Years
PEA PFS FS
MineralReserve
MINE
0.5 – 2 Years 5 – 25 Years
Arctos
Baseline Field Work & EAC Prep
EAO Review Process
Mine Permitting
Construction
Commissioning & Commercial
Production
Arctos Milestones to Production
Filing of EAC
Docs
Ministerial Decision
Process

43.  Revenue Silver Mine acquisition
 Fully permitted & constructed producing underground mine ramping up to 400 tons / day
 Low cost producer of high grade silver, gold, lead & zinc (1)
 See Revenue Silver Mine presentation for details
 Two advanced Canadian development assets
 One of world’s premier metallurgical coal developments,
significant gold, cobalt & more than 12% of global bismuth
reserves
 $220 million combined expenditures
 Positive Feasibility Studies, test mined, pilot plant processed
 Environmental Assessments completed for NICO Mine & SMPP;
Arctos advanced in EA process
 Asian strategic partners to help advance NICO & Arctos projects
 Combined NPV of $1 billion (1)
 Experienced board & management team
 Deloitte engaged to secure additional partners to minimize equity dilution
43
(1) Please see “Cautionary Statement regarding Preliminary Economic Assessment of the RSM”

44. Directors
Mahendra Naik, B Comm, CA Chairman, Director CFO Fundeco - Founding director & former CFO, IAMGOLD
George Doumet, MSc, MBA Honorary Chairman, Director Chemical Engineer – President & CEO, Federal White Cement
Robin Goad, MSc, PGeo President & CEO, Director Geologist - 30 yrs mining & exploration experience
David Knight, BA, LLB Secretary, Director Partner, Norton Rose Fulbright Canada LLP specializing in securities & mining law
James Excell, BASc Director Metallurgical Engineer – 35 yrs mining experience BHP-Billiton
William Breukelman, BASc, MBA, PEng Director Chemical Engineer – Former Chairman, Gedex
James Currie, BSc (Hons), PEng Director Mining Engineer – COO, Elgin Mining
The Honorable Carl L. Clouter Director Commercial pilot - Former owner of charter airline in NWT
Shou Wu (Grant) Chen, MSc, MBA Director Geologist – Former Deputy Chairman & CEO, China Mining Resources Group
Ed Yurkowski Director CEO Procon Mining & Tunneling
Management
Adam Jean, HBA, CPA, CA VP Finance & CFO Chartered Accountant previously with Ernst & Young
Mike Romaniuk, BASc, PEng VP Operations & COO Geologist & Process Engineer – 25+ yrs engineering, mining & construction
experience primarily with Xstrata Nickel & Falconbridge
Bill Shepard Logistics Manager 15 yrs experience in procurement & logistics
Richard Schryer, PhD Director Regulatory &
Environmental Affairs
Aquatic Scientist –20+ yrs experience in mine permitting & environmental
assessments
Mike Middaugh Project Controls Manager 20 yrs major construction & project management
Keith Lee, BSc Senior Process Engineer 25 yrs operations, engineering & mineral processing experience
Carl Kottmeier, BASc, MBA, PEng Project Manager Mining Engineer – 25 yrs engineering & operations experience
Seok Joon Kim, MASc, PEng Senior Mining Engineer Mining Engineer – 10+ years operations & engineering experience
Dianna Stoopnikoff Environmental Relations Manager 15 yrs environmental & health and safety experience
44