Objective Capital's Industrial Metals, Minerals & Mineable Energy Investment Summit 2011 Ironmongers' Hall, City of London 3 November 2011 Speaker: Nick Tintor, Southern Andes Energy

1. INDUSTRIAL METALS, MINERALS
& MINEABLE ENERGY
INVESTMENT SUMMIT
Leading in Peru's uranium district
Nick Tintor – Southern Andes Energy
IRONMONGERS’ HALL, CITY OF LONDON ● THURSDAY, 3 NOV 2011
www.ObjectiveCapitalConferences.com

2. Developing Peru’s Untapped
Uranium Resources
Objective Capital Conference - London
November
2011
TSX-V:SUR

3. Cautionary Note
Concerning Forward Looking Statements
Forward-Looking
These materials present an overview of Southern Andes
Energy’s projects in southern Peru. Readers are cautioned
that the projects are at an early stage and that all estimates
and information contained herein are based on limited and
incomplete data. Additional work is required before the
mineralization and the economic potential of the projects
can be confidently modelled. S Statements reflected in this
presentation may contain “forward-looking statements”
including management’s assessments of future plans and
operations including expectations of future production and
capital expenditures. T
These statements regarding potential
mineralization and resources, estimated or potential future
production, potential ranking of properties and future
plans and objectives of the Company, are forward-looking
stat m nts t at involve various known an unknown risks,
statements that n o a o s no n and n no n s s
uncertainties and factors. Consequently, actual results may
differ materially from those anticipated in the forward-
looking statements. While the work, results, estimates and
projections in the presentation may be considered indicative
of the nature and quality of the work undertaken, they are
not definitive. Readers are advised that undue reliance
TSX-V:SUR not be placed on forward-looking statements.
should 3

4. Our Team
Management
Nick Tintor, President & Chief Executive Officer
Geologist, with over 25 years of experience in the mining industry; has been involved with all aspects of junior mining
company management finance and project acquisition.
management, acquisition
Hatem Kawar, Chief Financial Officer
Over 25 years of experience in technical and management aspects of industrial mineral projects in the Middle East. MBA
degree (Schulich, York University, Canada).
Arnaldo T. Leon, Country Manager – Peru
Mr. Leon is a mining engineer with over 32 years of experience as a mining specialist in Peru. Responsible for managing
Southern Andes Energy's existing property portfolio.
Alain Vachon, Vi President E l
Al i V h Vice P id Exploration
i
More than 33 years of experience in exploration with the last 13 years in Peru as General Manager and consulting
geologist for various junior Canadian companies.
Board of Directors
Robert Boaz, John Cook James Garcelon
Independent Chairman Laurence Curtis Nick Tintor
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5. Southern Andes Energy
A perfectly positioned Peruvian uranium play
Share structure: As at October 17, 2011
Shares Outstanding 74,134,711 Share Price $0.17
(Oct. 17, 2011)
Options Outstanding 3,139,998 Market Capitalization $12.6 million
Warrants Outstanding 22,805,000 Cash and Securities $12.6 million
(as of March 31, 2011)
Fully Diluted
ll l d 100,079,709 Debtb Nil
l
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6. Post Japan – Nuclear Showing Recovery
Uranium renaissance driven by strategic demand, rising prices
• Despite Japanese nuclear crisis, spot price for U3O8 has rebounded to +$50
• Nuclear build slowed but continues whilst uranium equities remain ignored
• China committed to nuclear program. Program delayed only one year for additional safety checks
• Currently 441 commercial nuclear reactors are in operation in 30 countries
y p
 58 units under construction worldwide representing ~60GWE of capacity
 152 units and 337 units planned and proposed respectively
 Build out may be delayed – but remains intact
Catalysts:
$80 Uranium Spot Price (
p ($US)
)
$70
• Continued price volatility but expect U stocks $60
to respond when spot reaches $60 $50
$40
• Increased M&A activity
d A i i $30
• News confirming reactor build $20
(Source: UXC S
(S UXC, September 2010 presentation)
b )
(Uranium spot price, Bloomberg. Accessed Oct. 17, 2011)
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7. Why Peru?
A stable, pro-mining jurisdiction with good infrastructure
• Peru vastly underexplored for uranium
• The country has not previously emphasized uranium deposits, but is receptive to the development
of these prospects
• Potential for open pit deposits between 5-25 million lbs in size
• Peru supporting export of uranium and is proceeding with preparation and adoption new nuclear
and uranium mining and processing guidelines
Excellent government support for uranium mining
(Source: Peru Ministerio de la Produccion, Adex DataTrade, BCRP and MINEM)
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8. Southern Andes Energy
Discovering & developing Peru’s Uranium resources
Company restructured in 2010 with explicit focus on developing Peruvian uranium assets
• Controls over 65,000 hectares of concessions
Largest landowner of
uranium assets in • Identified over 55 uraniferous anomalies on Southern
Macusani Plateau Andes
Andes’ land concessions
• Owns 7% equity interest in Macusani Yellowcake Inc.
• Owns
O ns 65% interest in Caracara Silver. Controls portfolio
Sil er
Strategic equity interests of advanced-stage silver-zinc-lead projects in Peru
Objective: I
Obj ti Invest in strategic land package and
ti t t i l d k d
create shareholder value advancing U and Ag projects
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9. Macusani Plateau
Southern Andes controls the Macusani Uranium District
All properties are 100% owned by Southern Andes
Property Size (Hectares) Commodity
Macusani East 47,419 Uranium
Macusani West 16,600 Uranium
Picotani 1,906 Uranium
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10. Macusani Uranium District
Southern Andes dominates the play
 More than 65,000 hectares
,
Macusani W t
M i West Macusani E t
M i East
Under explored yet in three
years produced strong results
 New highway provides
excellent all weather access
Proximity to hydro power
y y p
Access to services and supplies
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11. Significant Near Surface Uranium Resources
• More than 60 million lbs
U3O8 outlined in past 3 years
• Open pit deposits
• Clusters support concept of
one central plant
• Extension potential lies on
p
SUR ground
• District potential +100 million
lbs.
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12. Tupuramani Radiometric Extension
of C lib i II III Deposit
f Colibri II-III D i
• Colibri deposit hosts
20 million lbs. U3O8(1)
• Tupuramani claim has
large radiometric
anomaly on strike with
radiometrics at Colibri
(1)As published by Macusani Yellowcake and not verified by SUR
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13. Tupuramani Radiometrics
327200 327400 327600 327800 328000 328200 328400 328600 328800 329000 329200 329400 329600 329800 330000 330200 330400 330600 330800 331000 331200 331400 331600 331800 332000
¨
8454000 8454200 84 4400 8454600 8454800 8455000 8455200 8455400 8455600 8455800 8456000 8456200 8456400 8456600
8454000 8454200 84 4400 8454600 8454800 8455000 8455200 8455400 8455600 8455800 8456000 8456200 8456400 8456600
TUPURAMANI
CONCESSION
0
0
RADIOMETRY ANOMALY
5
5
45
45
0 400 800
Meters
327200 327400 327600 327800 328000 328200 328400 328600 328800 329000 329200 329400 329600 329800 330000 330200 330400 330600 330800 331000 331200 331400 331600 331800 332000
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14. New Discovery at Tupuramani
• 3,214 ppm U3O8/20 m
• 3 590 pp U3O8/12 m
3,590 ppm
• +1,500 m of strike
• Possible extension of
Colibri uranium deposit
• Prospecting has indentified
new targets on Micha
Michane claims to south
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15. Excellent Grades at Tupuramani
A Priority Drill Target in 2012
Widespread uranium on surface T-1: 878 ppm U3O8 (1 76 lbs/t) across 33.5 m
(1.76 33 5
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16. Tupuramani Potential Expanded
• Subparallel radiomteric
0.59%/1 m zones host mineralization
0.43%/2.6 m • Hi h surface grades i pits
High f d in i
and trenches
• Possible offsets from the
main Tupuramani
0.31% in pit discovery and Colibri
extension
• More then 3 km of
prospective strike
identified
0.065%/2.85m
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17. Kihitian High Grade Discovery
Southern Andes surrounds the play
• High grade discovery
by YEL
• 7 m/1.8% U3O8 in
new deeper zone
Recently discovered • Pl f l
Platforms plannedd
less than 200 m from
trenches
SUR boundary
• SUR covers ththree
sides with similar
geology
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18. Mineralized Trenches Extend Kihitian Potential
Southern Andes prospecting highlights in these trenches include:
• 0.3% U3O8/3.9 m
• 0.058% U3O8/14 m
• 1.24% U3O8/0.9 m
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19. Surface Uranium Exposed in Trenches
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20. Extensive Mineralization at Tantamaco
• Tantamaco surrounds Macusani Yellowcake’s
new Kihitian high grade discovery on three
sides
• Recent reconnaissance field exploration has
identified five new targets through trenching,
sampling and pitting
• Hi hli ht include 0 15% U3O8 (3 0 lbs
Highlights i l d 0.15% (3.0 lb
U3O8/ton) across 17.4 m and including
1.74% U3O8 (34.8 lbs/ton) across 1.2 m
• Over 25% of all samples g
% p greater than 0.1%
%
U3O8
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21. Accocucho Sur – Mineralized Zones
• Zone 1 and Zone 2 +400 m apart with shallow
soil cover.
• Widespread uranium mineralization in
numerous trenches and channels.
Highlights include:
o 246 8 ppm U3O8 (0 49 lbs/t) across 48 95 m
246.8 (0.49 lb /t) 48.95
o 1,114.7 ppm U3O8 (2.24 lbs/t) across 8.31 m
o 702.5 ppm U3O8 (1.4 lbs/t) across 6.45 m
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22. Chacaconiza – Widespread U Anomalies
• Accocucho Sur hosts widespread autunite
uranium mineralization in area of high
radiometrics
• Zones of +25,000 cps radiometrics
• Alpi-2 Zone radiometric anomaly strikes for
more than 6 000 m
6,000 m.
• Alpi-1 is the second uranium discovery
Southern Andes has made in the Chacaconiza
Project.
o 1,031 ppm U3O8 (2 lbs/t) across 8.9 m
o 657 ppm U3O8 (1.3 lbs/t) across 14.1 m
o 430 ppm U3O8 (0.86 lbs/t) across 17.15 m
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23. Preliminary Test Work
Positive metallurgical results
Positive results were obtained from all samples submitted to the leaching test
• U3O8 extraction; Pi h sample; columns 1,2,3,4: Average 88.3%;
i Pich l l 1234 A 88 3%
• U3O8 extraction; Viz sample; columns 5,6,7,8: Average 99.5%;
• U3O8 extraction; Cha sample; columns 9,10,11,12: 98.2%;
• Total acid consumption of columns 1 to 4 ranges between 13 and 14.5 kg/t;
• Total acid consumption of columns 5 to 8 ranges between 12 and 14.1 kg/t ;
• T l acid consumption of columns 9 to 12 ranges between 13.8 and 16.4 kg/t.
Total id i f l b 13 8 d 16 4 k /
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24. Macusani Uranium – Low Cost Production
Positive mining attributes
The mineralization found in the Macusani Uranium District is characterized by significant mining
attributes:
• Near-surface mineralization District characteristics suggest
• Low blast factor in friable rocks low operating costs per lb.
• Possible ripping at start <$30/lb
• Low work index means low crushing costs
• Very low reagent consumption in preliminary metallurgical testwork
y g p p y g
• Excellent leach recoveries due to high porosity in host rock: +90%
• Ore in grades ranging from 200 ppm to 300 ppm
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25. Disconnect between NAV and Market Cap
Market values uranium projects at zero
As at October 17, 2011
$0.18 $0.17 $0.17
Share Price vs. NAV per share price
$0.16
Cash $0.14
$4,350,000
$
$0.12
35%
r
Caracara
Silver $0.10
$7,000,000
55% $0.08
$0.06
$0.04
$0 04
P
Macusani
M i
Yellowcake
$0.02
$1,280,000
10% $-
Share Price NAV per share
Total cash and securities: $12.6 million
$12 6
Cash/securities per share: $0.17
(Source: Bloomberg. Accessed Oct. 17, 2011)
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26. Summary and 2012 Plans
• Uranium and nuclear renaissance slowed but remains intact post Japanese crisis
• Southern A d E
S h Andes Energy controls the new M
l h Macusani U i
i Uranium Di i i P with
District in Peru i h
more than 65,000 hectares
• Plan to drill new surface discoveries and known mineralized zones in January, 2012
• Initial 2,000 m drill campaign will test Tupuramani discoveries
• Identified significant targets surrounding new Kihitian discovery area
• Exposure to exploration results from 65%-controlled Caracara Silver in 2012
• Disconnect between net asset value and market capitalization
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27. Contact
Head Office (Toronto, Ontario, Canada)
Nick Tintor, President & CEO
Office Tel: +1-416-987-0855
Mobile Tel: +1-416-953-4244
+1 416 953 4244
Email: ntintor@southernandes.ca
Investor Relations (Toronto, Ontario, Canada)
( )
Greg DiTomaso, Investor Relations
Office Tel: +1-647-436-2592
Email: greg@thecapitallab.com
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