Jade Gas : Capital Raising Investor Presentation

Capital Raising Investor Presentation

(ASX: JGH)

April 2022

Disclaimer

This presentation has been prepared by Jade Gas Holdings Limited ("Jade" or the "Company"), with the purpose of providing general information about the Company. This presentation contains certain statements which may constitute "forward-looking statements". Such statements are only predictions and involve inherent risks and uncertainties. Actual results and performance are likely to differ materially from those expressed or implied in any forward-looking statements. To the maximum extent permitted by applicable laws, Jade and its directors, agents, officers or employees make no representation and can give no assurance, guarantee or warranty, express or implied, as to, and take no responsibility and assume no liability for, the authenticity, validity, accuracy, suitability or completeness of, or any errors in or omission from, any information, statement or opinion contained in this presentation. This presentation does not purport to be all inclusive or to contain all information which its recipients may require in order to make an informed assessment of the Company's prospects and should not be considered specific advice or a recommendation to invest in securities. It should not be relied upon as a complete and accurate representation of any matters that a potential investor should consider in evaluating Jade. The Company accepts no responsibility to update any person regarding the information contained in this presentation. This presentation may not be reproduced or redistributed to any other person. This presentation was not intended for the use of any third party without the approval of the Company.

All references to dollars, cents or $ in this presentation are to Australian currency, unless otherwise stated.

Competent Persons Statement

The hydrocarbon resource estimates in this presentation have been compiled by Mr Adam Craig who is an employee of RISC as part of the Independent Technical Specialists Report prepared for the Prospectus dated 14 July 2021. Mr Craig is a highly experienced Geoscientist and Manager, with over 30 years' experience in the upstream oil & gas sector working for small and mid-size independents, as well as NOC related entities. He is a Certified Practising Geologist, a member of AAPG, PESA (2021 WA Branch President), EAGE, MAICD, and a Fellow of the Geological Society. He holds BSc in Geology from Curtin University, Western Australia and is a qualified petroleum reserves and resources evaluator (QPRRE) as defined by ASX listing rules.

Corporate Summary

Share PriceCapital Structure ASX Ticker

Share price - 22 April 2022 Shares on issue

Options and performance shares Market Capitalisation

Cash (at 31 December 2021)JGH $0.065 1,209m 164m $78.6m $4.37m

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Investment Highlights

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COMPELLING OPPORTUNITY TO DEVELOP NEW

GAS ASSETS

DEFINED WORK

PROGRAM CURRENTLY UNDERWAY

NEW PERMITS ADD SCALE TO EXISTING TTCBM

PROJECT

MONGOLIAN ENERGY MARKET

POSITIVE TAILWINDS

TEAM IN PLACE WITH THE RIGHT EXPERIENCE TO

DELIVERSTRATEGIC PARTNERSHIP WITH

MONGOLIAN GOVERNMENT

Targeting natural gas from three coal seams of interest at TTCBM Project, with a Prospective Resource of 1.0 Tcf of gas.

Six well drilling campaign to deliver contingent resource booking and followed by pilot production program.

New permits located over existing coal deposits provide significant upside to CBM exposure and potential.

Mongolian Govt determined to build a domestic gas market to deliver an independent and cleaner source of energy for its people.

Small and experienced team confident of delivering game changing first gas production for Mongolia.

Partnerships with regulator MRPAM (PSA), and SOE Erdenes Methane LLC, reflects strategic importance of TTCBM

Project.

Mongolia Seeking Cleaner Independent Energy Supply

•  Domestic power requirements currently met predominantly with coal

•  Net energy importer of gas and gas liquids

•  Importing electricity from China to support activity in the South Gobi

GAS SUPPORTED AS TRANSITION FUEL

•  Gas expected to play a significant part in theGovernment's transition to a domestic clean energy fuel market

•  No current indigenous gas production

•  Renewable energy at embryonic stage and currently high cost; gas to assist with transition to renewables over the longer-term

•  Mongolian Government focused on improving the Country's energy independence and energy mix to meet its climate change commitments and for the health/well-being of its people

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