TSX.V: LRA

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Investor Presentation February 2014

Creating Value Through Discovery in South America

“Creating Value Through Exploration, Acquisitions

and Discovery”

TSX.V: LRA

Forward Looking Statements

Except for statements of historical fact relating to the Company, certain information contained herein

constitutes forward-looking statements. Forward-looking statements are frequently characterized by words

such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate” 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 on 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

projected in the forward-looking statements. There can be no assurance that such forward-looking statements

will prove to be accurate, as actual results and future events could differ materially from those anticipated in

such statements. Accordingly, readers should not place undue reliance on such statements. The Company does

not undertake to update any forward-looking statements that are incorporated by reference herein, except in

accordance with applicable securities laws.

For a description of material factors that could cause the Company’s actual results to differ materially from the

forward-looking statements, please review the Company’s Prospectus, Annual Information Form, and MD&A

filed on www.sedar.com.

The Qualified Person (QP) for projects in China and Peru is Andre Gauthier.

The Qualified Person (QP) for projects in Brazil is Mike Bennell

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TSX.V: LRA

Contrarian or Victim?

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Mining is a long-term business, but resource markets are cyclical

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TSX.V: LRA

Prospect Generator Business Model

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DIRECTORS

Michael Winn (Director)

Geologist +30 years in oil and gas and mining.

Director of several listed exploration mining

companies.

Byron King (Director)

Geologist and lawyer who has followed the resource

industry for +30 years. Served in the U.S. Navy,

graduate of Harvard, U.S. Naval War College and

Pittsburgh.

Christopher Jones (Director)

Member of the Institute of Canadian Chartered

Accountants and Institute of Chartered Financial

Analysts of Ontario. Vice President of Duff & Phelps.

Adrian Calvert (Director)

+15 years in resource industry. Founder of WindRose

Capital Ltd. Holds law degree from the University of

Queensland and an MBA from Insead.

Geoff Chater (Director)

+20 years in the industry, previously First Quantum.

Geology graduate Texas Christian University.

Christopher MacIntyre (VP Corporate)

+6 years in public markets and the resource sector.

Commerce and Business graduate Queen’s University.

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TSX.V: LRA

MANAGEMENT

Miles Thompson (Chairman & CEO)

+25 years in exploration globally. Previously Manager

of Business Development for Gold Fields.

Andre Gauthier (President)

+30 years in exploration and mining globally,

previously for Falconbridge and Cambior.

Michael Bennell (VP Exploration)

+30 year track record of in Australia, Brazil and

Africa. Previously for BHP Billiton and AngloGold.

Helio Ikeda (Project Manager Brazil)

+30 years experience of exploration in Brazil. Worked

previously for Vale, Billiton and Barrick.

Noel Diaz (Exploration Director Peru)

+30 years experience in government and exploration

groups including Cambior and Gold Fields.

Carlos Caceres (Exploration Director Colombia)

+30 years experience in coal, metals and oil and gas

exploration in Colombia.

Carlos Theune (Exploration Manager Chile)

+30 years experience in industrial minerals

exploration in Chile and internationally.

Experienced, Track Record of Discovery

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TSX.V: LRA

Share Capital & Sustainability

Shares Outstanding:

Management stock options:

Warrants outstanding

Fully Diluted Shares:

30,519,687

3,390,000

4,083,135

37,019,697

82%

7%

11%

100%

Market capitalization: C$ 25 million (@ C$0.85/sh)

Cash in treasury C$ 2.5 million

Marketable Securities (Sept 2013) C$ 1.5 million

Payments from Partners (est. 2014-16) C$ 2.0 million

2014 budget C$ 2.0 million (including G&A)

Insider ownership ~10% of shares outstanding

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TSX.V: LRA

Joint Ventures, Alliances, Shares and Royalties

Partner Project Commodity Country Lara % Cash $m

Expl

$m Shares m Royalties

Codelco Liberdade Copper Brazil 25% 3.30

Tessarema Curionopolis Copper-Au Brazil Royalty 2.00 2 - 5% NSR

Aguia Sergipe Potash Brazil 25% 0.10 1.50 10.0

Focus Graphite Caninde Graphite Brazil 40% 7.00 0.50

Vertical Vertical Iron Brazil Royalty 0.80

$0.75 -

$1.5/t

Horizonte Vila Oito Nickel Brazil Shares 8.5

Antofagasta Sami Copper-Au Peru 25%+FS 6.00

Aruntani Grace Gold-Ag Peru Royalty 2.00 0.50 0.75-1% NSR

CJL Capital Chocos Zinc-Lead Peru Royalty 0.45 2% NSR

Redzone Lara-Tingo Copper Peru 45% 0.85 1% NSR

Kiwanda Alliance Phosphate Chile 25% 5.00 1% NSR

Kiwanda Alliance Coal Colombia 25% 5.00 3.00 1% NSR

Totals 5.35 28.30

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TSX.V: LRA

Sami Gold-Copper Project

• Extensive epithermal alteration system located in the Tertiary volcanic belt of southern Peru.

• District with various large Cu-Au deposits and operating mines.

• Lara controls over 50,000 hectares of mineral rights.

• JV with Antofagasta

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TSX.V: LRA

• 20 epithermal-porphyry style copper-gold targets indentified.

• The large area of prospective alteration is indicative of district potential.

• Map at right shows alteration plotted on the same scale as several large known deposits in the region

Sami Gold-Copper Project

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TSX.V: LRA

Liberdade Copper – Location and Access

• Carajás one of Brazil’s most prolific mining districts.

• 120km on unpaved roads from Tucumã. Landing strip for light aircraft on-site.

• Mineral rights are within farm land cleared for cattle grazing.

• Discovery area lies on higher ground with secondary forest cover.

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TSX.V: LRA

Liberdade Copper – Fortuna Drilling

• Potentially large Carajás-type IOCG system 1200x350m footprint.

• Codelco earning 51% and must deliver a minimum compliant resource of 500,000t of contained copper to raise that to 75%.

• Awaiting license renewal for next phase of drilling

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TSX.V: LRA

Other Activities for 2014

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• Tessarema to drilling the high-grade Cu-Au breccias found by

Codelco at Curionopolis (Brazil)

• Kiwanda financing development and spin-out of our Carbhid and

Pelaya coal projects into a separately listed company (Colombia)

• Follow up with Focus on the new graphite discoveries at Caninde

(Brazil)

• Consolidating with Kiwanda a producing phosphate district with

exploration potential at Bahia Inglesa (Chile)

• Aruntani to drill test the Grace gold project, which lies adjacent to

their newest mine. We will receive cash and royalties (Peru)

• Vertical seeking a Mining License for the Curionopolis Iron Project

where we have a royalty interest (Brazil)

TSX.V: LRA

Investment Case for Lara

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• Management team with deep roots in South America and multiple

discoveries and significant ownership in the Company.

• Prospect Generator business model substantially increases the

probability of success, while reducing the cost of failures.

• Treasury currently sufficient for 2014 budget, but expect additions

form payments from JV partners and sale of marketable securities.

• Focus on larger discoveries of interest to miners where even minority

interest will generate order of magnitude returns for shareholders.

• Potential near term catalysts: Liberdade discovery with Codelco in

Brazil. Drill program at Sami with Antofagasta in Peru.