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AMENDING AGREEMENT

THIS AMENDING AGREEMENT is made the 14th day of April,
2011.

BETWEEN:

COALHUNTER MINING CORPORATION,a company incorporated
under the laws of the Province of British Columbia and having its head office at
Suite 507, 475 Howe Street, Vancouver, British Columbia, V6C 2B3

(Coalhunter)

OF THE FIRST PART

AND:

CARBON CREEK PARTNERSHIP,a partnership existing under
the laws of Alberta between P. Burns Carbon Creek Coal Corporation and P. Burns
Partners limited, having an office at Suite 620, 5920 Macleod Trail SW, Calgary,
Alberta, T2H 0K2

(Carbon Creek Partnership)

OF THE SECOND PART

WHEREASCoalhunter and Carbon Creek Partnership entered
into the Carbon Creek Joint Venture Agreement dated June 15, 2010 (the
Agreement);

AND WHEREASthe parties wish to amend the Agreement as
set forth herein;

NOW THEREFORE THIS AGREEMENT WITNESSETH THATin
consideration of the mutual covenants herein contained and other good and
valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the Parties agree as follows:

| | 1. | All capitalized terms used herein but not defined in this
      Amending Agreement have the meaning ascribed to them in the
    Agreement.
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------
| |    |                                                                                                                                           
| | 2. | Section 4.2(b) of the Agreement is deleted and replaced
      with the following:                                                         

| | (b) | warrants entitling the Carbon Creek Partnership to
      acquire an additional two million (2,000,000) common shares of Coalhunter
      at forty cents ($0.40) per Coalhunter Share exercisable for a period of
      two (2) years from the later of (i) the completion of an initial public
      offering , subdivision, consolidation, capital reorganization,
      reclassification, merger, amalgamation, arrangement, sale,
  dissolution, liquidation or winding-up of Coalhunter or (ii)
November 15, 2010 (the Coalhunter Warrants).
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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| | 3. | This Amending Agreement shall enure to the benefit of
      Coalhunter and Carbon Creek Partnership and their successors and
      assigns.                                                                                  
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |    |                                                                                                                                                                                                                              
| | 4. | Coalhunter and Carbon Creek Partnership hereby confirm
      that, except as set out in this Amending Agreement, the terms and
      conditions set out in the Agreement remain unchanged and in full force and
      effect.

IN WITNESS WHEREOF the parties have executed this Agreement as
of the date first written above.

|COALHUNTER MINING      |  |                        | 
|---------------------- |  | ---------------------- | 
|CORP.                  |  |                        | 
|Per                    |  | /s/ Michael Hunter     | 
|Name                   |  | MICHAEL HUNTER         | 
|Title                  |  | PRESIDENT & CEO        | 
|                       |  |                        | 
|CARBON CREEK           |  |                        | 
|PARTNERSHIP, BY ITS    |  |                        | 
|MANAGING PARTNER, P.   |  |                        | 
|BURNS PARTNERS LIMITED |  |                        | 
|Per                    |  | /s/ P. Dean Burns      | 
|Name                   |  | P. DEAN BURNS          | 
|Title                  |  | DIRECTOR AND SECRETARY | 

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