CORAZON MINING LIMITED — Investor Presentation 2013

May 14, 2013

Corporate Presentation

15 May 2013

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Disclaimers & Important Information

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Forward Looking Statements

• This presentation has been prepared by Corazon Mining Limited (“Corazon”). It contains forecasts and forward looking statements which are no guarantee of future performance and which involve certain risks. Actual results and future outcomes will in all likelihood differ from those outlined herein. The presentation should not be construed as an offer or invitation to subscribe for or purchase securities in Corazon, nor is it an inducement to make an offer or an invitation with respect to said securities.

• Forward-looking statements are statements that are not historical facts. Words such as “expect(s)”, “feel(s)”, “believe(s)”, “will”, “may”, “anticipate(s)” and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to statements regarding future production, resources or reserves and exploration results. All such statements are subject to certain risks and uncertainties, many of which are difficult to predict and generally beyond the control of the Company, that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include, but are not limited to: (i) those relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits and conclusions of economic evaluations, (ii) risks relating to possible variations in reserves, grade, planned mining dilution and ore loss, or recovery rates and changes in project parameters as plans continue to be refined, (iii) the potential for delays in exploration or development activities or the completion of feasibility studies, (iv) risks related to commodity price and foreign exchange rate fluctuations, (v) risks related to failure to obtain adequate financing on a timely basis and on acceptable terms or delays in obtaining governmental approvals or in the completion of development or construction activities, and (vi) other risks and uncertainties related to the Company’s prospects, properties and business strategy. Our audience is cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof, and we do not undertake any obligation to revise and disseminate forward-looking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of or non-occurrence of any events.

Competent Persons Statement

• The information in this report that relates to mineral exploration results, resources or reserves is based on information compiled by Mr Brett Smith, B.Sc Hons (Geol), Member AusIMM, Member AIG and an employee of Corazon Mining Limited. Mr Smith has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Smith consents to the inclusion in the report of the matters based on this information in the form and context in which it appears.

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ASX: CZN | PAGE 2
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Multiple High Impact Opportunities

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Lynn Lake Project

Top Up Rise Project

• Nickel / copper sulphide

• Option to acquire 100%

• Development opportunity – old mining centre with resources in place

• Significant high-grade exploration target

• Strategy is to position project to take advantage of improving nickel metal prices

• Prospective for IOCG mineralisation

• Option to earn 75%

• Recently discovered, very large untested gravity anomaly

• Drilling on track to commence in May - provides potential for a transformational discovery

Beaucage Lake Project

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Lynn Lake
Beaucage Lake
Top Up Rise
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• Gold project

• Option to acquire 100%

• Extensive surface mineralisation – high grade tenor

• Mineralisation defined up to 1,811g/t Au and 3,805ppm Mo

• Using modern exploration techniques to define drill targets

Exploration on all projects fully funded with existing cash

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Corporate Overview

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Capital Structure	Capital Structure	Capital Structure
Market Capitalisation @ A$0.044	A$	12.76M
Shares on Issue	#	290.5M
Options on Issue	#	40.97M
Cash 1,2	A$	3.2M
52 week share trading range	A$	0.019 – 0.084
1yr average daily trading volume	#	3.6M

1. Includes receivables and investments as at 31 March 2013

2. Nil Debt

Share Price & Volume

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0.05 35
Daily Volume Traded On-Market Daily Close Price
0.05
30
0.04
0.04 25
0.03
20
0.03
15
0.02
0.02 10
0.01
5
0.01
- 0
Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13
Closing Price (A$) Million Shares
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Board & Management	Board & Management
Clive Jones	Non Executive Chairman
Brett Smith	Managing Director
Jonathan Downes	Non Executive Director
Adrian Byass	Non Executive Director
Rob Orr	Company Secretary

Ownership Analysis

•	Number of Shareholders	1,300
•	Top 20	23.96%
•	Board Ownership	4.8%
•	UBS Wealth Management	3.36%

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Current Focus: Top Up Rise Project (TUR)

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Potential for a Very Large Discovery

• Large untested gravity anomaly

• IOCG or intrusive copper-gold target

• Nearest outcrops anomalous in IOCG metals

• Target deposit-style typically very large (e.g. Olympic Dam and Prominent Hill)

• CZN option to earn 75% equity in private company that owns TUR

• Low cost entry to a project with potential for very large rewards.

Fully Funded Work Program

• $3.2m in cash and receivables

• Initial TUR Project exploration to cost <A$1m

• Access permits Received  Heritage Clearances Received  Maiden drilling programme May 2013

Residual Gravity Image over DTM

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TUR: Project Location

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TUR Gravity
Anomaly Alice Springs
Top Up Rise
Project
Existing
Access Track
Perth
Kiwirrkurra
Community
Access Track
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Aileron - A New IOCG Province?

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Reference:- Dr Roger Skirrow – Geoscience Australia. Australia’s iron oxide copper-gold provinces: World-class opportunities. PDAC 2013.

Top Up Rise

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TUR: Intersection of Craton Scale Faults

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Top Up Rise
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From Spaggiari et al (2008) – Geological Survey of Western Australia – Record 2008/2. Interpretation of major structures and tectonic units of the western Arunta, showing outcrop locations of field observations (WAROX database). The background image is a drape of 2.5 km spaced gravity data over 1[st] vertical derivative aeromagnetic data (GSWA – Geoscience Australia datasets).

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TUR: A New Region for Exploration

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Recent Geophysics Identifies Very Large Gravity Anomaly in Gibson Desert

• Remote and under cover

• 1994-2002 AGSO identified large Proterozoic intrusive alteration system at Mt Webb - characteristics associated with Cu-Au systems

• 1995-1999 BHP looking for another Olympic Dam

• 2006 (published 2008) GSWA conducts new gravity survey – identifies TUR anomaly

• 2010 Border Exploration applied for Exploration Licence

• 2011 Toro Energy announce the possible discovery of a Bayan Obo type IOCG deposit. Surface sampling: 53% Fe, 4% TRE, 275 ppm U, 639 ppm Cu

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Outcrop Geology & Topographic Map (GSWA 1:250k)
Top Up Rise
Anomaly
Toro Energy - 2011
IOCG Discovery
Lake
Mackay
BHP Billiton – 1995 -
1999
IOCG Exploration
Kiwirrkurra
Pollock Hills Community
Mount Webb
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TUR: A Cluster of Targets

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TUR Gravity
Anomaly Alice Springs
Top Up Rise
Project
Toro Energy
Existing
Cu, REE’s, U Anomaly
Access Track
(2011)
Perth
On site – Top Up Rise
BHP IOCG Targets
(1997 - remain un-tested)
Kiwirrkurra
Community
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Top Up Rise: Very Large Anomaly TUR: Regional Geophysical Data

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Targets Under Cover

Large, Multiple Point Anomaly

Dense, but Not Mafic?

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Toro Energy
2011 IOCG
Discovery
BHP 1997
Targets
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Bouguer gravity image over High density gravity image over aeromagnetic shadow aeromagnetic shadow

Aeromagnetic image (TMI rtp 60[0] west sun)

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TUR: Significant Gravity Anomaly

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Large Amplitude Gravity Anomaly

• Target model type: Olympic Dam IOCG + REE + U

• Very high peak residual anomaly

• Anomaly has similar size footprint to the Olympic Dam Cu-Au-U gravity anomaly

• Closest regional outcrop anomalous in IOCG pathfinders: Haematite, REE, Cu, Au and U

• Adjacent to a major Proterozoic granite alteration system

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Selected IOCG Deposits	Mt	%Cu	g/t Au	g/t Ag	ppm U3O8	% Fe
Olympic Dam	8,330	0.80	0.76	3.95	280
Prominent Hill	200.3	1.23	0.5	3.0
	85.2		1.5	1.0
Carapateena	203	1.31	0.56	6	270
Hillside	170	0.70	0.20
Wilcherry Hill	+60	minor	minor			31
Cairn Hill	14	0.20	0.10			50

References:- http://www.ozminerals.com/Media/docs/201104_Carrapateena_Resource_Statement_Explanatory-Notes-184cc8c7-f72a-48d8-ae2b-022520f9aeb9-0.pdf; http://www.ozminerals.com/Media/docs/20101109_PH-RRStatements-Explanatory-Notes-cea975ce-f4a4-4396-a1b8-c709dd4eef22-0.pdf; http://en.wikipedia.org/wiki/Iron_oxide_copper_gold_ore_deposits.

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TUR: Detailed Ground Gravity Survey

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Anomaly Just Got Better!

• 2,139 gravity readings

• 400mx100m & 800mx200m grid

• Results :

• 2013 Gravity Stations + 2006 Gravity Stations

• Anomaly extended to 10 km by 6 km (at plus 4 mGals residual)

• 18 mGal variation within dataset acquired

• 8 mGal peak residual gravity anomaly

• Gravity anomaly is fault bounded and can conform to or cross-cut geological boundaries

• Some anomalous zones appear shallow

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Images at
same scale
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Olympic Dam Resource Outline (MESA Journal 2001)

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Bouguer residual gravity image over DTM
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Top Up Rise: Very Large Anomaly TUR: Detailed Geophysical Data

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Structural Framework

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Magnetic High
1 [st] VD bouguer gravity image
over aeromagnetic shadow
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Magnetic High Magnetic High
High density gravity image over Aeromagnetic image
aeromagnetic shadow (TMI rtp 60 [0] ENE sun)
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3D image of Gravity Inversion (0.07)
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TUR: Targets

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Magnetic
High Outline A
1
B
2
3
Notes
1.
4 2. Northern Block dips north
3. Southern Block dips south
4.
close to surface.
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1. In fault near intersection of the Northern Block with the Western Mag Feature – highest density result in survey

2. Northern Block dips north

3. Gravity inversions hold up against the TUR Fault. Best targets being “A” (SE margin of the North Block) and “B” (NE margin of the South Block). Both “hanging-wall” positions relative to Central Block and appear to come close to surface.

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Image of Gravity Inversion - 225m slice over magnetic
shadow
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TUR: Summary

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Radiometric Image over DTM with Proposed Drilling

Potential for a Very Large Discovery

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• Untested, large, high amplitude gravity anomaly

• Adjacent big intrusive alteration system

• Nearest outcrops anomalous in IOCG metals

• Target deposit-style IOCG - typically very large (e.g. Olympic Dam and Prominent Hill)

Capacity to Explore

• $3.2m in cash and receivables

• Initial TUR Project exploration to cost <A$1m

• Access & heritage clearances received

Next Step

• Drilling – May 2013

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Gravity Survey - TUR
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Investment Rationale

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Multiple High Impact Opportunities & Significant Leverage

• Gold-Copper Australia: Option to Earn 75%

• Unique opportunity with huge upside

• Large un-tested geophysical anomaly

• Drilling to commence in May 2013

• Nickel-Copper Canada: Option to Acquire 100%

• Development potential

• Existing resource and significant exploration target

• Project leveraged to improving nickel metal prices

 Gold Canada: Option to Acquire 100%

• Extensive surface mineralisation showing high grade gold

• Modern exploration techniques to be used

• Drilling to commence in Q3 2013

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Contacts

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Brett Smith

Managing Director Corazon Mining Limited P: +61 (8) 6142 6366

James Moses

Media and Investor Relations P: +61 (0) 420 991 574

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Gravity Survey - TUR
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E: james@mandatecorporate.com.au

Corazon Mining Limited

A : Level 1, 350 Hay Street, Subiaco WA 6008 | P : PO Box 8187, Subiaco WA 6008

T : +61 (8) 6142 6366 | E : info@corazon.com.au | W : www.corazon.com.au

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