CORAZON MINING LIMITED

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Base & Precious Metals Explorer Investor Presentation – March 2013

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 forwardlooking 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.

Exploration Target

This Exploration Target is conceptual in nature, there has been insufficient exploration (namely drilling of verifiable quality) to define a mineral resource and it is uncertain if further exploration will result in the determination of a mineral resource. The Exploration Target has been estimated to a depth of 1,200 metres below surface. It follows the discovery of a high-grade nickel sulphide breccia at depth below the historic EL Mine, as well as the recognition in historical drilling of a substantial amount of near surface low-grade mineralisation.

The basis for this target for the EL Deposit includes:-

Historical mining at the deposit to a depth of 210 metres below surface
Historical mine development to at least 270 metres below surface
Underground exploration drilling, sampling and mapping to a depth of approximately 600 metres below surface
The regional mining and development depth for the Lynn Lake camp is approximately 1,200 metres
There has been approximately 72,300 metres of historical surface and underground drilling complete
At the date of definition of the Exploration Target, Corazon Mining Limited had completed in excess of 10,700 metres of surface drilling
Good continuity and predictability of geology down-plunge
Geological evidence for a deep-seated, explosive mineralising event.

Past exploration and mining records for the EL Mine are extensive and reflects high standards of work. The zones defined in the Exploration Target include the Upper, Mid and Lower Zones. The Upper Zone includes lower grade material that has the potential to be exploited from lower cost mining methods such as open pit mining. This zone extends to 200 metres below surface. The Mid Zone is the area between 200 and 800 metres below surface, and covers an area defined predominantly by the current Inferred Resource (reported at a 0.6% Ni equivalent[2] bottom cut-off grade). The Lower Zone extends from 800 metres to 1,200 metres below surface, the latter being the maximum depth at which historical underground development was conducted.

Competent Person

The information in this report that relates to mineral Resources or Reserves is based on information compiled by Mr Andrew John Thompson, B.Sc Hons (Geol), Member AusIMM and a consultant to Corazon Mining Limited. Mr Thompson 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 Thompson consents to the inclusion in the report of the matters based on this information in the form and context in which it appears.The information in this report that relates to Exploration Results 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.

Australia - Copper-Gold

Top Up Rise Project : option to earn 75%

Very large untested gravity anomaly – similar size to Olympic Dam anomaly
Geophysics commencing March
Drilling scheduled for April/ May provides potential for transformational discovery
Low entry costs – minimal exploration to define potential

Canada – Nickel-Copper Sulphide

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Nickel/Copper
Gold
Zinc/Lead/Silver
Copper/Gold
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Lynn Lake Project : option to acquire 100%

Development opportunity – old mining centre with resources in place
Significant high-grade exploration target
Position project to take advantage of improving nickel metal prices

Canada – Gold

Beaucage Lake Project : option to acquire 100%

Extensive surface mineralisation – high grade tenor
Use modern exploration techniques to define drill targets

Capital Structure[1 ]

Market cap[1] . @A$0.026 A$7.16M
• Ordinary Shares on issue[1] 275.5M
Options on issue[1, 2] 81.5M
Cash[1] inc. investments and receivables A$3.5M
52 week trading range
@ 28/2/13 A$0.10 – A$0.019
Subject to placement and SPP (estimated completion date 10 March 2013) 2. Volume weighted exercise price of $0.186

Experienced Board & Management

Clive Jones Non-Exec Chairman
Brett Smith Managing Director
Jonathan Downes Non-Exec Director
Adrian Byass Non-Exec Director

Share Price & Volume

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Key Shareholders

Top 20 30.21%
Board members 7.06%
Macquarie Bank Ltd. 4.68%
UBS Wealth Management 2.60%
Rob Orr Company Secretary

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Exploration Fully Funded

$3M capital raise completed, including:

Placement for $1.5M
Share Purchase Plan for $600,000
Placement of SPP shortfall for $900,000

Top Up Rise Project Summary

Large, unexplored gravity anomaly
IOCG or intrusive copper-gold target
Nearest outcrops anomalous in IOCG metals
• Proximal to large intrusive granite alteration system

Work Program

Heritage clearances Completed
• Ground gravity survey March
Inaugural drilling program April/ May

Aeromagnetic Interpretation over Gravity High Image

Potential for Very Large Discovery

Option to earn up to 75%
Large un-tested gravity anomaly – similar in size to the Olympic Dam anomaly
Indicators of Cu/Au and IOCG mineralisation
Target deposit-style typically very large (eg. Olympic Dam and Prominent Hill)

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Alice Springs
Top Up Rise Project
Perth
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Low cost entry to a project with potential for very big rewards

Exploration First Half 2013 will Provide Potential for Transformational Discovery

Access & Heritage clearances are advanced
Ground geophysics March
Drilling (~2,000 metres) to commence as soon as possible (targeting April/May 2013)
Drill rig secured for drilling program

Recent Geophysics Identifies Very Large Gravity Anomaly in Gibson Desert

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Top Up Rise
Anomaly
Toro Energy - 2011
IOCG Discovery
Lake
Mackay
BHP Billiton – 1997-
1999
IOCG Exploration
Kiwirrkurra
Pollock Hills Community
Mount Webb
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Remote & 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 in region
2006 (published 2008) GSWA conducts new gravity survey – identifies 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)
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No Previous Ground Exploration Large, Multiple Point Anomaly

Dense, but Not Mafic?

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Toro Energy
2011 IOCG
Discovery
BHP 1997
Targets
Bouguer gravity image over High density gravity image over Aeromagnetic image
aeromagnetic shadow aeromagnetic shadow (TMI rtp 60 [0] west sun)
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Large Amplitude Residual Gravity Anomaly

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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 & U
Adjacent to a major Proterozoic granite alteration system

Very high peak residual anomaly, greater than Olympic Dam, Prominent Hill and Carrapateena

Tar et De osit Exam les g p p

Deposit	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.

Low Cost, Early Stage Entry – Huge Potential

Conditions Precedent:- due diligence completed and shareholder approval granted (Brett Smith is a Director and Shareholder of the Vendor); Ministerial Access Permit pending
Stage 1. – Corazon to earn 10% in Border Exploration Pty Ltd for:
15 million CZN shares + 15 million CZN options (3 years @ 134% of the 5 day VWAP at issue)
Reimbursement of costs up to $250,000
Minimum work program to be completed within 2 years.
Stage 2 –Corazon to earn a further 41% (total of 51%) within 4 years by:
Paying the vendors $200,000 in cash, and either
Defining a JORC compliant Mineral Resource and completing a Scoping Study; or spending a minimum of $4 million on exploration; and then
Issuing Vendors with 33 million Corazon shares.
Stage 3 – Corazon to earn a further 24% (total of 75%) in Border by:
Completing a definitive feasibility study on the TUR Project
Cash or share consideration calculated with reference to a sliding scale, based on Corazon’s market capitalisation at the time.
The vendors of Border will be free carried until a decision to mine is made; and
Upon Corazon making a decision to mine the TUR Project, the vendors and Corazon will form a formal production joint venture. A pre-emptive right will exist between the parties to the joint venture.

Lynn Lake Mining District

Brownfields exploration play
• Excellent Infrastructure
• Potential fast-track to development

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Canadian Projects – Lynn Lake
Barrington Lake
MacLellan Gold Mine Farley Gold Mine Copper Deposit
(historical production
(2M oz resource)
213 koz)
Lynn Lake Nickel-Copper Sulphide Project
• Beaucage Lake
Option to acquire 100% of project – October 2015
Gold Project
•
Ni-Cu resources and drill defined potential
Ruttan Cu-Zn
•
Development opportunity Leaf Rapids
Mine (historical
Township
production 55Mt @
Beaucage Lake Gold Project 1.23%Cu, 1.41%Zn)
•
Extensive high-grade gold mineralisation defined
•
Peaking at 1,811 g/t Au & 3,805 ppm Mo
•
Past exploration focussed on outcrops; project
extensively under cover
11
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Canada’s 3[rd] Largest Historical Ni Producing Region

Historical Production

Current Resources

Sheritt Gordon 23 year operation: 1953-1976
Production: 22.2 Mt @ 1% Ni & 0.5% Cu
Maximum mining depth to 1,100m below surface
+85% recovery for all metals
:
Corazon – EL Plug[1] 1.8Mt @ 0.8% Ni, 0.4% Cu & 0.02% Co
Prophecy Platinum* – A Plug[2] : 31Mt @ 0.55% Ni & 0.30% Cu
*TSX listed company with resource alongside Corazon’s resource 1. Interim Inferred @ 0.6%NiEq cut-off
All categories @ 0.4%NiEq cutoff

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CZN’s Mineral Claim Outline
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Ni-Cu deposits
Zn-Cu deposits
A Plug
EL Plug
Regional Geology Interpretation
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Lynn Lake Mining Centre – Nickel-Copper

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UPPER ZONE Tonnage Range Drill Defined
0 - 200m below surface From To Mineralisation Historical
(not included in Workings
Low cost opencut mining option 2,200,000 2,600,000 resource)
Grade Range Contained Metal Range
Metal
From To From To
Conceptual
Nickel 0.7 0.7 15,000 17,000 Pit shell
Copper 0.3 0.3 6,000 7,000
Cobalt 0.01 0.01 200 300
MID ZONE Tonnage Range
200 - 800m below surface From To Inferred Resource
(+0.6% Ni)
Inferred Resource area 2,100,000 2,100,000
Conceptual Mine
Grade Range Contained Metal Range Development
Metal
From To From To
Nickel 0.8 0.8 16,000 16,000
Copper 0.4 0.4 8,000 8,000
Cobalt 0.02 0.02 500 500
LOWER ZONE Tonnage Range
800m - 1200m below surface From To
New sulphide breccia discovery 900,000 2,800,000 Development Concepts
X-Section Looking East
Grade Range Contained Metal Range
Metal
From To From To
Nickel 2.4 3.8 21,000 106,000
Copper 0.9 1.4 8,000 40,000
Cobalt 0.06 0.11 500 3,200 Lower Zone Target
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* This Exploration Target is conceptual in nature, there has been insufficient exploration (namely drilling) to define a mineral resource and it is uncertain if further exploration will result in the determination of a mineral resource.

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-700 mbs
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Discovery Hole XND001W1 23.75 m @ 3.34% Ni & 1.54% Cu

Deepest Result CRZ012 44.75m @ 1.55%Ni & 0.65%Cu Including:- 3.85m @ 2.83%Ni & 0.24%Cu 11.03m @ 2.31%Ni & 1.01%Cu 11.51m @ 2.37%Ni & 0.78%Cu

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-800 mbs
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Drill hole Cross-Section Looking West – 25m grid pattern

Value

Option to purchase 100% of project
High grade gold mineralisation in outcrop over 7 - 8 km strike
Close to existing Company operations

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Post-1990 Rockchip Channel & Grab Sampling Results (most recent work)
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No comprehensive recent exploration – mostly mid-late 1980’s work
Minimal project holding costs or expenditure requirements

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Prospects, Historical Geophysical Targets & Drilling
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Multiple Opportunities to be Tested in 2013

Copper-Gold Australia: Potential for transformational discovery Nickel-Copper Canada: Development potential Gold Canada: High grade gold identified

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Multiple High Impact Opportunities + Very Low Market Cap. Significant Investment Leverage

Gold-Copper Australia: Option to Earn 75%

Unique opportunity – potentially huge reward
Ground geophysics this quarter
Drilling will test key target (~2,000 metres), targeting April/May 2013
Cheap entry costs – minimal exploration to define potential

Nickel-Copper Canada: Option to Acquire 100%

Development potential with existing resource and significant exploration target
Project leveraged to improving nickel metal prices

Gold Canada: Option to Acquire 100%

Extensive surface mineralisation – high grade gold
Modern exploration techniques to be used for drill target definition

Contacts

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

James Moses

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

E: [email protected]

A : Level 1, 350 Hay Street, Subiaco Western Australia 6008 | P : PO Box 8187, Subiaco Western Australia 6008 | T : +61 (8) 6142 6366 | E : [email protected] | W : www.corazon.com.au

AI assistant

CORAZON MINING LIMITED Investor Presentation 2013

64747_rns_2013-03-04_d46673fb-e65f-4cf2-817d-7677c1950102.pdf