CORAZON MINING LIMITED — Investor Presentation 2013

Feb 13, 2013

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Base and Precious Metals Explorer Investor Presentation – February 2013

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ASX: CZN

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Forward Looking Statements

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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.

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Multiple High Impact Opportunities

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Copper - Gold Australia

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Top Up Rise Project : option to earn 75%

• Very large untested gravity anomaly – similar size to Olympic Dam anomaly

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Nickel/Copper
Gold
Zinc/Lead/Silver
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Geophysics planned this quarter:

Drilling scheduled for April/ May provides potential for transformational discovery

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• Low entry costs – minimal exploration to define potential

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Copper/Gold
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Nickel - Copper Canada

Gold Canada

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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

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Beaucage Lake Project: option to acquire 100%

• Extensive surface mineralisation – high grade tenor

• Use modern exploration techniques to define drill targets

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Corporate Snapshot

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Capital Structure[1 ]

Ordinary shares[1, 2 ] 175M Options[2, 3 ] 81.5M Market Cap (@ $0.024/share) $4.2M Cash (1 Feb 2013) $516,800 Investments $544,600 Receivables (GST rebate) $220,000

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1. Subsequent to Tranche 1 Placement. Tranche 2 & SPP to follow 2. Pre-acquisition of Top Up Rise Project

2. Volume weighted exercise price of $0.158

Share Price and Volume

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Experienced Board & Management

Key Shareholders[1 ]

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Clive Jones Non-Exec Chairman Brett Smith Managing Director Jonathan Downes Non-Exec Director Adrian Byass Non-Exec Director Rob Orr Company Secretary

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

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Current Focus: Top Up Rise (TUR)

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Legend Magnetic Trend Magnetic Region Fault

Capital Raising – TUR Exploration

Two tranche placement (27 Feb) $1.5M Share Purchase Plan (22 Feb) $1.5M

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Top Up Rise Project

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

Immediate Work Program

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Heritage Clearances Now Ground Gravity Survey March Drilling April-May

Aeromagnetic Interpretation over Gravity High Image

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Australian Project - Top Up Rise

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Potential for Very Large Discovery

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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)

Low cost entry to a project with potential for very big rewards

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Alice Springs
Top Up Rise Project
Perth
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Exploration this half of 2013 will

Provide Potential for Transformational Discovery

• Access & Heritage clearances are advanced Ground geophysics this quarter

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Drill rig already secured for drilling

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Drilling (~2,000 metres) to commence as soon as possible (targeting April/May 2013)

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Top Up Rise: Significant Target

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Recent Geophysics Identifies Very Large Gravity Anomaly in Gibson Desert

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Top Up Rise Toro Energy - 2011
Anomaly IOCG Discovery
BHP Billiton – 1997-1999
IOCG Exploration
Kiwirrkurra
Pollock Hills Community
Mount Webb
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Lake
Mackay
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Outcrop Geology & Topographic Map (GSWA 1:250k)

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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Top Up Rise: Very Large Anomaly

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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
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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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Top Up Rise: Gold-Copper Target

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Large Amplitude Residual Gravity Anomaly

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Target model type – Olympic Dam IOCG + REE + U

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

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Very high peak residual anomaly (greater than Olympic Dam, Prominent Hill and Carrapateena - see graph, right)

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Target Deposit Examples

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

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

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Adjacent to a major Proterozoic granite alteration system

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References:- http://www.ozminerals.com/Media/docs/201104_Carrapateena_Resource_Statement_Explanatory-Notes-184cc8c7-f72a-48d8-ae2b022520f9aeb9-0.pdf; http://www.ozminerals.com/Media/docs/20101109_PH-RR-Statements-Explanatory-Notes-cea975ce-f4a4-4396-a1b8-c709dd4eef22-

0.pdf; http://en.wikipedia.org/wiki/Iron_oxide_copper_gold_ore_deposits.

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Top Up Rise: Acquisition

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Low Cost, Early Stage Entry - Huge Potential

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• Conditions Precedent:- due diligence, Ministerial Access Permit & shareholder approval (Brett Smith is a Director and Shareholder of the Vendor)

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• 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.

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• Stage 2 –Corazon to earn a further 41% (total of 51%) within 4 years by:

• Paying the vendors $200,000 in cash, and either

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• Defining a JORC compliant Mineral Resource and completing a Scoping Study; or spending a minimum of $4 million on exploration; and then

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Issuing Vendors with 33 million Corazon shares.

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Stage 3 – Corazon to earn a further 24% (total of 75%) in Border by:

• Completing a definitive feasibility study on the TUR Project

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• Cash or share consideration calculated with reference to a sliding scale, based on Corazon’s market capitalisation at the time.

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The vendors of Border will be free carried until a decision to mine is made; and

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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.

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– Canadian Projects Underpin Value

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Lynn Lake Mining District

Brownfields exploration play Excellent infrastructure

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Potential fast-track to development

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Canadian Projects – Lynn Lake

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Barrington Lake
MacLellan Gold Mine Farley Gold Mine Copper Deposit
(historical production
(2M oz resource)
213 koz)
Lynn Lake Township
Lynn Lake
Ni-Cu Project
(historical production
22.2Mt @ 1%Ni,
Fox Cu-Zn Mine
0.5%Cu)
(historical production
14.8Mt @ 1.81%Cu, 1.5%Zn)
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Lynn Lake Nickel-Copper Sulphide Project

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Beaucage Lake
Option to acquire 100% of project – October 2015
Gold Project
Ni-Cu resources and drill defined potential
Development opportunity Leaf Rapids Ruttan Cu-Zn
Mine (historical
Township
production 55Mt @
1.23%Cu, 1.41%Zn)
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Beaucage Lake Gold Project

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

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Lynn Lake: Historical Mining Hub

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Canada’s 3[rd] Largest Historical Ni Producing Area

Historical Production

Sheritt Gordon 23 year operation: 1953-1976 Production: 22.2 Mt @ 1% Ni & 0.5% Cu

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Maximum mining depth to 1,100m below surface +85% recovery for all metals

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CZN’s Mineral Claim Outline

Current Resources

Corazon – EL Plug (Interim Inferred @ 0.6%NiEq cut-off) 1.8Mt @ 0.8% Ni, 0.4% Cu & 0.02% Co

Prophecy Platinum* – A Plug

(all categories @ 0.4%NiEq cutoff) 31Mt @ 0.55% Ni & 0.30% Cu

*TSX listed company with resource alongside Corazon’s resource

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Ni-Cu deposits
Zn-Cu deposits
A Plug
EL Plug
Regional Geology Interpretation
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ASX: CZN
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Lynn Lake Mining Centre – Ni/Cu

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The EL Deposit: Exploration Target*

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Drill Defined
Mineralisation Historical
(not included in Workings
resource)
Conceptual
Pit shell
Inferred Resource
(+0.6% Ni)
Conceptual Mine
Development
Development Concepts
X-Section Looking East
Lower Zone Target
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UPPER ZONE Tonnage Range Drill Defined
0 - 200m below surface From To Mineralisation
(not included in
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
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Metal		Grade	**Range **	**Contained Metal Range **	**Contained Metal Range **
		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

Metal	Grade	**Range **	**Contained Metal Range **	**Contained Metal Range **
	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

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**15 *** 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.

ASX: CZN

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The EL Deposit: Depth Potential

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-700 mbs
Discovery Hole XND001W1
23.75 m @ 3.34% Ni & 1.54% Cu
Deepest Result CRZ012
44.75m @ 1.55%Ni & 0.65%Cu -800 mbs
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
Drill hole Cross-Section
Looking West – 25m grid pattern
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Beaucage Lake Gold Project

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Value

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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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No comprehensive recent exploration – mostly mid-late 1980’s work Minimal project holding costs or expenditure requirements

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Post-1990 Rockchip Channel & Grab Sampling Results (most recent work)

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Prospects, Historical Geophysical Targets & Drilling
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High Impact Work Program

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Multiple Opportunities to be Tested During 2013

• Copper-Gold Australia: Potential for transformational discovery

• Nickel-Copper Canada: Development potential

• Gold Canada: High grade gold identified

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Investment Summary

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

Copper Gold Australia – Option to earn 75%

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Unique opportunity – potentially huge reward

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Ground geophysics this quarter

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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%

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

Gold Canada – Option to acquire 100%

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Extensive surface mineralisation – high grade gold

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Modern exploration techniques to be used for drill target definition

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Disclaimers & Important Information

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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.

Core: Lynn Lake

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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: james@mandatecorporate.com.au

Corazon Mining Limited

A: Level 1, 350 Hay Street, Subiaco W.A. 6008 | M : PO Box 8187, Subiaco East W.A. 6008 P: +61 (8) 6142 6366 | E: info@corazon.com.au | W: www.corazon.com.au

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Notes

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Notes

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