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TSX: FER www.centuryiron.com Corporate Presentation September 2012 Century Iron Mines Corporation Sustainable Development

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Page 1: Century Iron Mines Presentation

TSX: FER www.centuryiron.com

Corporate Presentation – September 2012

Century Iron Mines Corporation

Sustainable Development

Page 2: Century Iron Mines Presentation

2 Century Iron Mines Corporation

Forward Looking Statement

Except for statements of historical fact, this presentation contains certain “forward-looking information”

within the meaning of applicable securities law. Forward-looking information is frequently characterized by

words such as “plan”, “project”; “intend”, “believe”, “anticipate”, “estimate” and other similar words, or

statements that certain events or conditions “may” or “will” occur. Forward-looking statements are based

on the opinions and estimates of management at the date the statements are made, and are subject to a

variety of risks and uncertainties and other factors that could cause actual events or results to differ

materially from those anticipated in the forward-looking statements. Factors that could cause actual

results to differ materially from those in forward-looking statements include market prices for metals, the

conclusions of detailed feasibility and technical analyses, lower than expected grades and quantities of

mineralization and resources, mining rates and recovery rates and the lack of availability of necessary

capital, which may not be available to the Corporation on terms acceptable to it or at all, changes in and

the effect of government policies with respect to mineral exploration and exploitation, the ability to obtain

required permits, delays in exploration and development projects and the possibility of adverse

developments in the financial markets generally, potential environmental issues and liabilities associated

with exploration and development and mining activities. The Corporation is also subject to the specific

risks inherent in the mining business as well as general economic and business conditions. The

Corporation undertakes no obligation to update forward-looking information if circumstances or

management’s estimates should change except as required by law. The reader is cautioned not to place

undue reliance on forward-looking statements. More detailed information about potential factors that

could affect financial results is included in the documents that may be filed from time to time with the

Canadian securities regulatory authorities by the Corporation.

Page 3: Century Iron Mines Presentation

0

20

40

60

80

100

120

140

160

180

200

Aug-8

2

Ma

y-8

3

Feb

-84

No

v-8

4

Aug-8

5

Ma

y-8

6

Feb

-87

No

v-8

7

Aug-8

8

Ma

y-8

9

Feb

-90

No

v-9

0

Aug-9

1

Ma

y-9

2

Feb

-93

No

v-9

3

Aug-9

4

Ma

y-9

5

Feb

-96

No

v-9

6

Aug-9

7

Ma

y-9

8

Feb

-99

No

v-9

9

Aug-0

0

Ma

y-0

1

Feb

-02

No

v-0

2

Aug-0

3

Ma

y-0

4

Feb

-05

No

v-0

5

Aug-0

6

Ma

y-0

7

Feb

-08

No

v-0

8

Aug-0

9

Ma

y-1

0

Feb

-11

No

v-1

1

Aug-1

2

Iron Ore Price Trend in Context

Source: Index Mundi, TSI

China CIF Iron Ore

Fines 62% Fe Spot

Price in US$

Price level correction over the past year due to

very unfavourable international economic & the

resulted slowing down of growth in China

Current price level is still historical high when

compared with pre-financial crisis levels

US$

Spot

Historical annually negotiated benchmark FOB price

Century Iron Mines Corporation 3

0.00

2000.00

4000.00

6000.00

8000.00

10000.00

12000.00

14000.00

Page 4: Century Iron Mines Presentation

4

678

57

735

246

981

151

532 683

475

1158

21

51 72

92 164

0

500

1000

1500

2000

2500

2001 2001-2011Growth

2011 2012-2021Growth (CRU)

2021 (CRU)

ROW China India

Global Crude Steel Growth Trend 2001 - 2021

850

640 1490

2303 813

Mtpa

Other

developing

economies 177

Developed

economies 69

Over the next 10 years:

The world will grow faster in the last

China will still grow 90% as much as the last

Developing economies will contribute over

90% of growth

Developing economies driving growth

Source: World Steel Association, CRU, Century Century Iron Mines Corporation

Page 5: Century Iron Mines Presentation

5 Century Iron Mines Corporation

$10 Billion in Canadian Iron Ore in One Year Acquisitions, Investments, Expansions

1 2 3 4 Century Iron (FER) $240M including investment by WISCO & MinMetals

5 Consolidated Thompson (CLM.TO)

$5B acquisition by Cliffs Natural Resources

12 Iron Ore Company (IOC) $1B expansion from 17Mtpa to 25Mtpa at Carol Lake

13 ArcelorMittal (MT)

$2.1B expansion from 14Mtpa to 24Mtpa at Mt. Wright

7 Tata (TTM)

$300M DSO, $50M (BFS) + $5B (Capex) Taconite

investment at Millennium Iron Range

9 Adriana Resources (ADI.V) $120M investment by WISCO

10 Baffinland Iron Mines Corp. (BIM.TO)

$600M investment by ArcelorMittal

11 Advanced Explorations Inc. (AXI.V) $50m+$1B investment into Roche Bay

TOTAL: $10 Billion +

Page 6: Century Iron Mines Presentation

Financial Highlights & Capital Structure

Financial highlights (June 30, 2012)

Cash and cash equivalents $54,437,941

Exploration and evaluation assets $55,122,267

Capital structure (Sept 5, 2012)

Shares outstanding 94,864,071

Warrants and options outstanding 8,954,027

Fully diluted 103,818,098

Share Price $1.25

Market capitalization (approximately) $120 million

Share structure

Founding shareholders and management 53.94%

WISCO (approx. 25%) and MinMetals (5%) – Strategic Partners 30.00%

Public shareholders 16.06%

Total 100.00%

6 Century Iron Mines Corporation

Page 7: Century Iron Mines Presentation

7

Structure and Project Overview

Corporate Structure Iron Ore Projects

Joint Venture

Champion

Minerals Inc.

(TSX: CHM)

Attikamagen

Project

40-49%

56-60%

(Note 2)

Minmetals

Exploration &

Development

(Luxembourg)

Limited S.à.r.l

WISCO

International

Resources

Development

& Investment

Ltd (PRC)

Approx.

5%

Approx.

25%

60%

Sunny Lake

Project

Duncan Lake

Project

Augyva Mining

Resources Inc.

(TSXV: AUV)

35-49%

100%

Four projects being

acquired from

Altius Minerals Inc.

(TSX: ALS)

100%

51-65%

(Note 1)

40%

Labrador Iron Mines Holdings Ltd. Projects

James Bay Area

Duncan Lake

Note 1: Currently a 51% interest with an option to increase to a 65% interest under an

option and joint venture agreement with Augyva Mining Resources Inc.

Note 2: Currently a 56% interest with an option to increase to a 60% interest under an

Option/JV Agreement with Champion Minerals Inc.

Century Iron

Mines

Corporation

(TSX: FER)

3

3 1 2

4

$120M

to earn in

40% JVs

Off take: 60%

Procure up to

70% capex by

debt

Century Iron Mines Corporation

Page 8: Century Iron Mines Presentation

Corporate Vision & Project Profile To become one of the largest

iron ore producers in Canada

Project / Location Development

focus

Product

target Target production

Labrador Trough

Joyce Lake,

Lac Le Fer

Schefferville W

DSO:

high grade low

volume DSO

Lump

Sinter fines

Super fines

3-4 years

From 3mtpa

to 10mtpa

Rainy Lake

(Full Moon)

Hayot

Taconite:

high tonnage

lower grade

Pellets

Concentrate

5-6 years

From 20mtpa

& up

James Bay

Duncan Lake Magnetite:

high volume

lower grade

Pellets 5-6 years

From 10mtpa

& up

Labrador Iron Mines Holdings Ltd. Projects

James Bay Area

Duncan Lake

8 Century Iron Mines Corporation

Largest claim

holder in the iron

ore camp of

Canada

Page 9: Century Iron Mines Presentation

Project

Meters Completed up to

about mid-August

Approximate meters to

complete in 2012

Resources calculation

target PEA

Duncan 54,306 Published on

August 27, 2012 Q4 / Q1 2013

Full Moon 24,117 4,000 Q3 & further updated 2013

2013

Joyce Lake DSO 11,769 1,000 Q4 2013

LLF P3 DSO 826 2,000 2013 2013

Hayot Taconite 6,286 Q3

Altius Gravity, EM, mapping and orientation drilling

2012-3 Exploration Milestones

Century Iron Mines Corporation 9

Page 10: Century Iron Mines Presentation

Profile raising $600M

BFS

70% debt financing

60-70% product presold

Lead order of $900M from partner (top up)

FER valuation supported by BFS & very substantial resources/reserves

Production Capex: $5B

50 100

3500

900

600 5150

0

1000

2000

3000

4000

5000

6000

Fund source fromSOE strategicpartnership

Shared pro-rata JV

financing with SOE

Financing Strategy Illustration An User-Banker Model With Strategic Partner

10

In m

illi

on

s o

f $

FER financing

Total project

development &

production cost

70%

18%

12%

Century Iron Mines Corporation

Page 11: Century Iron Mines Presentation

11 Century Iron Mines Corporation

A Winning Formula for Success

30% Chinese Strategic

Partners

70% Canadian & public

investors

40% Chinese SOEs 60-70% Chinese

off-take

Securing success

• Financial structure:

• Capex requirement to enter production of only 13%

• Balance funded by end-user/banker

• 60-70% of end product pre-sold

• Access to technical competence of major international companies with successful experience in mega-projects

• Being a Canadian company with a substantial Chinese interest

60% Century (TSX: FER)

Up to 70% financing by debt capital by end user/banker

Corporate Interest JV/Project Interest Market

Accretive &

Equity enhancing

Page 12: Century Iron Mines Presentation

12 Century Iron Mines Corporation

Century Iron Mines Projects

1

2

3

* The potential quantity and grade is conceptual in nature. There has

been insufficient exploration to define a mineral resource and it is

uncertain if further exploration will result in the target being delineated

as a mineral resource.

4

• DSO & Taconite Potential*

Altius Project (4)

Duncan Lake Project

• Magnetite

• Over 1Bt measured & indicated

• Over 500 Mt inferred

Sunny Lake Project

• DSO & Taconite Potential*

• On the same strike with NML & ADI

Attikamagen Project

• DSO & Taconite Potential*

• On the same strike with NML & ADI

Page 13: Century Iron Mines Presentation

13 Century Iron Mines Corporation

Duncan Lake Iron Project

10 km south of LG2 regional airport

50 km south of Radisson

LG1 & LG2 of Hydro Quebec within 100 km

120 km (approx.) from James Bay

Highway 109 goes through the property

connecting Matagami and Radisson

Mineral Resource Estimate Summary

(at 16% Fe cutoff – updated Aug 27, 2012)

Resource

category

Million

tonnes

Grade

%

Measured 406 23.9

Indicated 645 24.7

Subtotal 1,050 24.4

Inferred 563 24.7

Well-Established Infrastructure

Duncan

Project

Page 14: Century Iron Mines Presentation

14 Century Iron Mines Corporation

Duncan Lake NI43-101 Iron Ore Resources

Mineral Resource

Class

Million

Tonnes Fe %

DTWR

% DT Fe %

2010

NI43-101

(Mt)

Measured 406 23.9 26.8 67.3 5.7

Indicated 645 24.7 28.1 66.9 25.6

Measured &

Indicated 1,050 24.4 26.5 67.0 31.3

Inferred 563 24.7 28.0 66.5 821.1

Duncan Lake Iron Ore Property Mineral Resources at 16% Fe cutoff (Update August 27, 2012)

(Note 1: DTWR % is the Davis Tube Weight Recovery; DT Fe % is the Davis Tube Fe Concentrate Grade)

(Note 2: Total tonnage may vary due to rounding)

(Note 3: The effective date of the mineral resource estimate is August 24th, 2012)

(Note 4: Resource estimate is based on all six Duncan Lake zones)

Page 15: Century Iron Mines Presentation

15 Century Iron Mines Corporation

Duncan Lake – Exploration Programs

Magnetic Map of Duncan Lake Area

■ 99 claims

■ 4,615 hectares

■ 6 banded iron formation deposits identified along a 25km belt

Preliminary economic assessment

by Met-Chem

Completed Environmental Scoping

study; now performing Environmental

Baseline study

On-going internal logistics study

Completed Exploration Programs

In Progress

1973 drilling = 22 boreholes for

4,143m on deposits 3, 4, and 6

Completed 54,467m of drilling over

177 holes (2008-2012)

NI43-101 Mineral Resource

Estimate updated by Met-Chem &

published August 27, 2012.

Over 30 times in the M+I categories

(over 1Bt) than last estimate, with

over 500Mt in Inferred

• 51% JV and operator of the Duncan Lake Project

• Option agreement to earn up to 65%

Deposit 6

Page 16: Century Iron Mines Presentation

16 Century Iron Mines Corporation

Water Canada, particularly Quebec, enjoys

abundant water, which is important for

concentration operations

Electricity

Located near Hydro-Québec’s James Bay

Robert-Bourassa hydro-electric power

plant on La Grande River, the world’s 10th

largest, which will provide low-cost energy

for the project

ABUNDANT WATER AND ELECTRICITY IN THE AREA

Direct Benefits:

• Reduced cost of construction and operation of facilities to supply water and electricity

• Long-term competitive advantage for concentration and pelletizing operations

Duncan Lake: Canadian Competitive Advantage

Page 17: Century Iron Mines Presentation

17 Century Iron Mines Corporation

Pipeline Solution in a

Well-Studied Area

A planned 150km slurry pipeline1

between the hydro plant in

Radisson and the slurry receptor

plant on James Bay.

Based on historic data and

compared with similar existing

pipeline systems in commercial

operations, the operating cost

is estimated at US$1.00~1.25 per

tonne2

Plan Nord identifies a proposed

nearby deep-water port location at

Kuujjuaraapik (200km north of

Duncan Project) Note: 1) Where the pipeline crosses junctions or rivers, it will be constructed

above-ground with insulation or heat tracing techniques to reduce the negative

operational impact of extreme cold. 2) Based on publicly available sources and

management calculations.

Duncan Lake Project – Land Transportation

Robert-Bourassa, the world’s 10th -largest hydroelectric power plant

DUNCAN

PROJECT

LG1

LG2

Kuujjuaraapik

(about

200km)

Page 18: Century Iron Mines Presentation

18 Century Iron Mines Corporation

Shipping Considerations

• Commercial shipping in Hudson Bay

has been well established for 70+ years

(e.g. Port of Churchill)

• James Bay water depths permit deep-sea

marine terminal for Capesize vessels, 80-

100 metres in Hudson Bay.

• Up to 150 days of ice-free shipping,

year-round shipping with ice class vessels

• Possible future direct North-West

Passage to Asia

Ongoing Studies

• Identified two locations for port site

• Extensive shipping study is underway

• Partnering with shipping and engineering

companies to work out logistic options

Duncan Lake Project – Oceanic Shipping

Kuujjuaraapik

Page 19: Century Iron Mines Presentation

19 Century Iron Mines Corporation

Schefferville Projects – Location and Geology

Central Section, Labrador

Trough

Knob Lake Group

Sokoman Iron Formation,

equivalent to Wabush Iron

Formation at South

Adrianna (WorldLink & WISCO)

New Millennium (Tata Steel)

Schefferville

Otelnuk

Deposit*

Labrador

Trough

Sunny Lake Project Lac Le Fer Section

Attikamagen

DSO Projects: Tata Steel investing

up to C$300m

Sunny Lake Project Rainy Lake Section

Century’s

Projects

LabMag*

KéMag*

MI&I 6.26 Bt @

29.16% Fe (average)

MI&I 3.46 Bt @ 31.24% Fe (average)

MI&I 5.13 Bt @ 29.4% Fe (average)

PROVEN CLASSIC IRON FORMATION IN A MINING CAMP

* Information regarding reserves, resources and production capacity are from management and publicly available sources including press releases and NI 43-101 technical reports filed on

www.sedar.com. Century has not confirmed the resource and reserve data and cannot be relied upon.

Joyce Lake: DSO

Prospect 3: DSO

Full Moon: Taconite

Page 20: Century Iron Mines Presentation

• 530 mineral claims, covering

25,692 hectares in Labrador

Trough region

• On strike from KeMag LaMag

deposits (8-9Bt) to the south

and Lac Otelnuk (6Bt) to the

north.

• Rainy Lake – 2011: drilled 31

holes 6,387m , 2012: drilled 85

holes 16,866m = 116 holes

and 23,253 m to date

• Lac Le Fer – in 2011 drilled 2

RC* holes 198m and 5 DDH**

holes 627m

*RC – Reverse Circulation

**DDH Diamond Drilling

Sunny Lake Iron Project

Rainy Lake

Lac Le Fer

* The potential quantity and grade is conceptual in nature. There has been insufficient exploration to define a mineral

resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

Prospect 3: DSO

Full Moon: Taconite

Century Iron Mines Corporation 20

Page 21: Century Iron Mines Presentation

21 Century Iron Mines Corporation

• Up to 60% joint venture with TSX-listed

Champion Minerals Inc.

• Early-stage exploration property: 1,022

mining claims, approx. 34,348 hectares in

the Labrador Trough region (net 20,609

hectares to the company)

• Thin overburden with visible outcrops

• Joyce Lake – 2010: drilled 4 holes, 362m

2011: drilled 40 holes, 5,159m 2012: drilled

74 holes 7,217m = 118 holes and 12,738m

to date

• Hayot Lake – 2010: drilled 6 holes 561m

2011: drilled 41 holes totalling 5,725m = 47

holes and 6,286m total to date

Attikamagen Iron Project

Page 22: Century Iron Mines Presentation

22 Century Iron Mines Corporation

Attikamagen – Joyce Lake: DSO Target 2015 Production Confirming gradeS & thickness

Selected Composite Assay results Joyce Lake From To Core* Grade

Hole No. (m) (m) Length (m) FE%

JOY-11-06 3 142 139 52.80

includes 96 138 42 64.19

JOY-11-07 12 93 91 52.46

includes 12 54 42 65.26

JOY-11-09 2 126 123 46.64

includes 9 18 9 61.26

and 54 69 15 64.80

Total holes assayed: 4 * Core lengths are down whole length and not true widths of the

mineral zones.

More typical grades & thickness

Selected Composite Assay results Joyce Lake From To Core* Grade

Hole No. (m) (m) Length (m) FE%

JOY-11-10 3 123 120 42.63

includes 66 78 12 67.70

JOY-11-12 3 156 153 45.12

includes 129 156 27 60.15

JOY-11-14 3 63 60 45.68

includes 15 30 15 64.47

JOY-11-23 2 129 127 50.65

includes 48 81 33 61.15

and 102 114 12 66.28

Total holes assayed: 16

Page 23: Century Iron Mines Presentation

45.6%/30.0m 55.3%/93.0

m

59.2%/9.0m

Section Line 3N

Joyce Lake (Attikamagen Project)

Century Iron Mines Corporation 23

Page 24: Century Iron Mines Presentation

24 Century Iron Mines Corporation

Sunny Lake – Lac Le Fer Section (DSO Potential)

Prospect #2 Prospect #3

Sample Fe % Mn %

SiO2

% Sample Fe %

Mn

%

SiO2

%

5376 48.6 0.05 31.82 5383 56.4 0.36 15.1

5377 41.1 0.06 35.92 5384 59 0.08 15.42

5378 46.9 0.11 22.28 5385 59.5 0.11 13.9

5379 46.6 0.05 31.78 5386 41.4 0.25 37.48

5380 48.5 0.69 31.68 5387 67.1 0.22 1.88

5381 59.7 0.14 2.76 5388 58.4 0.11 10.65

Prospect #4 5391 50.8 0.55 23.4

9957 66.8 0.3 2.06 5392 63.8 0.22 5.91

9958 55.8 0.06 18.54 5394 57.7 0.17 14.08

Prospect #5 5395 59.4 0.11 13.12

9759 43.3 0.21 34.9 5396 58.8 0.22 4.03

9760 43.5 0.03 35.61 5397 63.3 0.17 6.06

9761 60.2 0.06 11.52 5398 62.1 1.83 5.34

9762 58.8 0.24 13.87 5399 57.6 0.28 14.24

Prospect #6 5400 42.8 4.32 28.43

9763 44.9 2.88 34.02 9751 61.2 2.67 6.98

9764 61.5 0.12 7.93 9752 67.4 0.1 2.27

9765 23.8 0.24 59.9 9753 66.6 0.23 3.46

9766 38.3 0.12 40.51 9961 63.1 0.28 7.72

9767 61.5 0.21 2.67 Fe samples > 55%*

9768 56.7 0.09 10.09

* Assay results from 1951 exploration

program (M. Tremblay)

Page 25: Century Iron Mines Presentation

LLF P3 DSO Target, Mag and Gravity

Completed Holes Proposed Holes

Completed Holes

LLF-P3-004

62.3% FeT/45.0m

(ended in IF)

LLF P3 DSOLLF-P3-004 Assay

result

Sample

ID From to

Length

(m) TFe %

502509 3 9 6 9.48

502510 9 12 3 52.5

502511 12 15 3 56.3

502513 15 18 3 58.5

502514 18 21 3 60.5

502515 21 24 3 60.8

502516 24 27 3 64.5

502517 27 30 3 64.7

502518 30 33 3 64.6

502519 33 36 3 65.3

502520 36 39 3 64.6

502521 39 42 3 64.7

502522 42 45 3 66.2

502523 45 48 3 65.5

502524 48 51 3 67.1

502526 51 54 3 58.3

Century Iron Mines Corporation 25

Naturally enriched >62% grade & good thickness

Page 26: Century Iron Mines Presentation

Full Moon: Potential Taconite

Resource Calculation in progress Program confirming grades & thickness

Selected Composite Assay results Rainy Lake [Full Moon]

From To Core* Grade

Hole No. (m) (m) Length (m) FE%

RL-11-0001 75.5 318.0 242.5 27.9

RL-11-0002 30.9 372.0 341.1 28.4

RL-11-0003 24.2 248.0 223.8 30.2

RL-11-0004 27.0 228.4 201.4 28.4

Total holes assayed: 8 * Core lengths are down whole length and not true

widths of the minerals zones.

More typical grade & thickness

Selected Composite Assay results

Rainy Lake [Full Moon]

From To Core* Grade

Hole No. (m) (m) Length (m) FE%

RL-11-0801 67.2 304.0 236.8 30.1

RL-11-0401 5.4 323.6 318.2 29.5

RL-11-0402 4.5 269.4 264.9 31.0

RL-11-0404 15.0 267.0 252.0 30.3

RL-11-0004 13.0 285.4 272.4 30.4

Total holes assayed: 23

Century Iron Mines Corporation 26

Page 27: Century Iron Mines Presentation

Full Moon Unusual Taconite Thickness!

28.4%

341m

30.2%

224m

30.4%

272m

29.1%

234m

31.3%

152m

29.0%

115m

27.9%

242m

2.75km

Century Iron Mines Corporation 27

Section Line 0

Page 28: Century Iron Mines Presentation

Hayot Lake: Another Potential Taconite

Century Iron Mines Corporation 28

Resource

calculation in

progress

2010: drilled

6 holes

561m

2011: drilled

41 holes

totalling

5,725m

= 47 holes

and 6,286m

total to date

Page 29: Century Iron Mines Presentation

Hayot Lake Drill Hole Cross-

Section L12S

DDH No Hay 11-21a Hay 11-07 Hay 10-06 Hay 11-10

Length (m) T Fe % Length (m) T Fe % Thick (m) T Fe % Length (m) T Fe %

OB 9.00 10.5 6.00 6

Mss 123.4 39.7 62.3

LC 23.00 22.2 23.3 13.9 5.70 21.1 24 19.06

JUIF 32.30 30.0 31.8 30.14 30.40 30.71 38.9 33.13

URC 61.30 34.6 41.7 34.06 34.80 34.33 38.50 35.01

PGC 13 32.8 11.80 31.47 14.80 32.42

LRGC >3 37.05 15.70 27.60 15.60 28.60

LIF 42.60 25.40 19.90 25.10

Depth 249.00 160.00 147.00 220.00

JUIF-LRGC 93.60 86.50 92.70 107.80

32.2%

/114m 30.7%

/104m 32.3

%/92

m

33.6%

/94m

Century Iron Mines Corporation 29

Page 30: Century Iron Mines Presentation

The Altius iron ore package has been

divided into four broad groups based on

the geology and iron ore target type:

Schefferville: potential for direct-shipping ore

(DSO) comprised of soft red hematite-goethite

typical of what was previously mined (and

currently being re-opened) in the Schefferville

camp; also potential for taconite.

Astray: potential for large resources of

taconite as well as DSO comprised of high-

grade specularite-rich DSO similar to Sawyer

lake.

Menihek: target is large tonnage magnetite-

rich taconite similar in structure and geological

setting as the large Labmag/Kemag deposits

to the north.

Grenville: targets are polydeformed,

recrystallized magnetite-specularite taconite

akin to the deposits mined by IOCC at Carol

Lake.

Further Potentials from Altius Projects

Century Iron Mines Corporation 30

Page 31: Century Iron Mines Presentation

Transportation – Iron Projects in Labrador

Trough

Sept-Iles

Pointe-Noire

Port-Cartier

Ross Bay

Junction

Mont-Wright

Labrador City

Schefferville

Sunny Lake

Attikamagen

Railway Distance:

Schefferville to Ross Bay Junction: 217 km

Ross Bay Junction to Sept-Iles: 356 km

Labrador City to Ross Bay Jct: 58 km

Mont-Wright to Port Cartier: 400 km 0 50 100 km

Adriana

(WISCO)

Altius

Projects

• QNS&L (Common Carrier) runs 573km from Schefferville to Sept-Iles

• Attikamagen to Schefferville: 15km (from the closest point)

• Joyce Lake targets 3-5Mtpa DSO • Using existing Railroad

infrastructures: QNS&L , TSR • Rainy Lake (Full Moon) targets

20Mtpa+ • New Railroad required • Partnership, Producers

Government and Aboriginal

Full Moon

Joyce Lake: DSO

Century Iron Mines Corporation 31

Page 32: Century Iron Mines Presentation

Port of Sept-Iles: 50Mtpa Expansion

Largest iron ore exporting port in

Canada - 25.1Mt in 2010

compared to 19.2Mt in 2009

Port Zone consists of a 10 km

sheltered port zone, with a

natural ocean basin for ships up

to 400,000 dwt

Main port is over 23.2 m in

depth

Accommodates Capesize or

larger vessels

Fully equipped, can be operated

year-round

50Mtpa expansion plan on

$220M to be completed in 2014

& supported by federal

government for $55M & miners

for over $100M commitments

Alumina

Plant

Multi user Berth

By Port of Sept Iles

• Natural shelters, deep water for

year round access by iron ore

ships

• Ability to expand as required

0 500 m

IOC Port

Century Iron Mines Corporation 32

Page 33: Century Iron Mines Presentation

Very high potential upside value underpinning high EV/t & DCF valuations – Successful management track records: mining & capital markets – Capital structure & access supporting capital intensive iron ore projects – Multi-billion tonne resources with infrastructure – Production cash flow + substantial growth – Equity enhancing leverage in place – Potential consolidation

Essential strategic alignment & alliance between Canadian iron ore resource & China – Strategic partners’ interest (corp & JV) – Over 60% off take sold to China

Canadian management & capital structure with significant Chinese interest – Good traction for its currency to peer group (Altius) and market in general – Best of both worlds: Canadian image with Chinese support

Investment Attractions

Page 34: Century Iron Mines Presentation

34 Century Iron Mines Corporation

Principal Management & Technical Competence

Successful business builders and value creators

Successful mine developers and operators

Successful capital market expertise & following

Advanced Exploration and Development Funding

Fully funded beyond BFS for most advanced project

Fully funded to build out additional resources

Production Capital and Financing

WISCO/MinMetals strategic partnership

Successful capital market fundraising

Captive End-user in Largest Market

60-70% off take in place from Strategic Partners & banker

Solid Fundamentals

Page 35: Century Iron Mines Presentation

35 Century Iron Mines Corporation

Century Iron Mines Corp.

Bob Leshchyshen

VP, Corporate Development and IR

(416) 977-3188 Ext. 109

[email protected]

CHF Investor Relations

Robin Cook

Senior Account Manager

(416) 868-1079 Ext. 228

[email protected]

Contact Information