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Century Iron Mines Corporation




 Corporate Presentation                         November 2012
  The largest iron ore resource (attributed) & iron claims owner & developer

www.centuryiron.com       Sustainable Development                    TSX: FER
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.



Century Iron Mines Corporation                                                                                    2
Iron Ore Price Trend Update
                           Monthly Average Spot Price (1)                                                                                                                                                            Price pressure:
                                                                (62%Fe CFR Tianjin)                                                                                                                                      Construction industry 
                 200                                                                                                                                                                                                      slowdown—result of months of 
                                                                                                                                                                                      $122/t
                                                                                                                                                                                  (16 Nov, 2012)
                                                                                                                                                                                                                          property price inflation controls
                 180
                                                                                                                                                                                                                         Low steel prices squeezing 
                 160                                                                                                                                                                                                      margins on mills
                 140                                                                                                                                                                                                     Destocking—accelerated by 
                                                                                                                                                                                                                          transformation from CIF spot to 
 US$ per tonne




                 120
                                                                                                                                                                                                                          physical spot
                 100                                                                                                                                                                                                     No recovery in export markets 
                 80
                                                                                                                                                                                                                          (especially Europe)
                 60
                                                                                                                                                                                                                     Positive outlook:
                                                                                                                                                                                                                         1 trillion RMB fiscal program 
                 40                                                                                                                                                                                                       announced
                 20              FOB                                                            Spot CRF Tianjin                                                                                                         New leadership continuing 
                                                                                                                                                                                                                          domestic/fixed asset 
                  0
                                                                                                                                                                                                                          investment‐driven policy
                       Oct-07
                                Jan-08
                                         Apr-08


                                                           Oct-08
                                                                    Jan-09
                                                                             Apr-09


                                                                                               Oct-09
                                                                                                        Jan-10
                                                                                                                 Apr-10


                                                                                                                                   Oct-10
                                                                                                                                            Jan-11
                                                                                                                                                     Apr-11


                                                                                                                                                                       Oct-11
                                                                                                                                                                                Jan-12
                                                                                                                                                                                         Apr-12


                                                                                                                                                                                                           Oct-12
                                                  Jul-08




                                                                                      Jul-09




                                                                                                                          Jul-10




                                                                                                                                                              Jul-11




                                                                                                                                                                                                  Jul-12




                                                                                                                                                                                                                         Prices still at historic highs 
                                                                                                                                                                                                                          compared with pre‐crisis level
 (1) FOB annual benchmark price prior to Q4 2008; thereafter CIF spot price

Century Iron Mines Corporation                                                                                                                                                                                                                                3
Half the world is growing
                                                               Crude Steel Production
                                                               Increase 2011 vs. 2012
    China and India (half of                       7.00%
                                                                    (Jan – Aug)
     world production) are                          6.00%            5.71%
     growing and the other 
     half shrinking overall                         5.00%

    Developing countries                           4.00%
     taking the lead going 
                                                    3.00%
     forward
                    Jan-Aug      Jan-Aug Increase   2.00%
   (‘000 tonnes)       2011         2012       %             1.22%
   China            470,855      476,615    1.22%   1.00%                             0.60%
   India             47,956       50,696    5.71%                            -0.49%
   ROW              493,377      490,948   -0.49%   0.00%

   Global          1,012,188   1,018,259   0.60%    -1.00%   China   India   ROW      Global


Century Iron Mines Corporation                                                                 4
Developing Countries
Driving Future Steel Growth
  Mtpa      Over the next 10 years:
             Developing economies drive growth                      ROW             China           India
  2500       Ex-China developing countries contribute 1/3              813                     2303
               of global growth and > 1/2 of China’s growth                         92                     164
               for the same period
  2000       China, though slowing down, still contributes             475
               58% of tonnage growth
                                   640            1490                   246                   1158
  1500                                       51               72

                                   532             683
  1000
                850     21                   57                  Other
                 151                                           developing         177
    500                                                        economies
                                                                                                981
                 678                               735         Developed
                                                               economies           69
       0
                2001             2001-2011        2011              2012-2021              2021 (CRU)
                                  Growth                           Growth (CRU)

Century Iron Mines Corporation                                 Source: World Steel Association, CRU, Century   5
China’s growing reliance on imports
Buying 70% of seaborne iron ore

            Iron ore imports to China as % of total
               consumption—12-month rolling
                                                      Under the current
                         comparison                    Five Year Plan,
    90.0%                                              “China targets
    80.0%
    70.0%                                              to import 50%
    60.0%
    50.0%                                               of its iron ore
    40.0%
    30.0%                                              from Chinese-
    20.0%
    10.0%
                                                        owned mines
     0.0%                                             elsewhere in the
                                                            world”
                                                            (CISA)
                          61.4%
                  2010-11 61.4       2011-12 65.6%

Century Iron Mines Corporation                                        6
Financial Highlights & Capital Structure
    Financial highlights (Sept. 30, 2012)
    Cash and cash equivalents                                     $41,442,432
    (Closed first WISCO JV, received $20M Sept 27, 2012)
    Exploration and evaluation assets                             $42,846,544
    Investment in joint venture                                   $59,548,098
    Capital structure (Nov 13, 2012)
    Shares outstanding                                             94,864,071
    Warrants and options (@$2.92) outstanding                       8,954,027
    Fully diluted                                                 103,818,098
    Share Price                                                         $1.03
    Market capitalization (approximately)                          $98 million
    Share structure
    Founding shareholders and management (voluntary lock-up)          53.94%
    WISCO (approx. 25%) and MinMetals (5%) – Strategic Partners       30.00%
    Public shareholders                                               16.06%
    Total                                                            100.00%

Century Iron Mines Corporation                                                   7
Corporate Structure & Project
                                                                                                                  Iron Ore Projects
                                                                                                                  20Bt resources under management
                                              Approx.                           Approx.
                             WISCO             25%                                   5%                                     Full Moon
                            International
                                                            Century                            Minmetals
                             Resources                                                         Exploration &
                            Development                     Iron Mines                          Development
                                                                                                                        3
                            & Investment                    Corporation                        (Luxembourg)                                    Hayot
                              Ltd (PRC)                     (TSX: FER)                         Limited S.à.r.l
                                                                                                                                                   Joyce
      $120M                           40%              60%                  100%                                                                          2
                          to earn in
                          40% JVs                                             Four projects
      60% Off-take                                                           acquired from
      70% capex to                                                        Altius Minerals Inc.
                          fund in debt        Joint Venture                     (TSX: ALS)      4

                          Champion Iron      40-44%
                                                       56-60%             51-65%                 Augyva Mining
                                                                                      35-49%                                                           4
                            Mines Ltd.                 (Note 2)          (Note 1)                Resources Inc.
                           (TSX: CHM)                         100%                                (TSXV: AUV)


                                       Attikamagen         Sunny Lake               Duncan Lake
                                          Project            Project                  Project
                                               2                     3                    1
(in Billions of tonnes)




                             NI 43-101                                                                               James Bay Area
                                               Hayot          Full Moon              Duncan             Total
                            Resources
                           Measured &
                            indicated              -              7.3 Bt             1.1 Bt            8.4 Bt               1
                                                                                                                    Duncan Lake
                             Inferred         1.7 Bt              8.7 Bt             0.6 Bt           11.0 Bt
                   Note 1: Currently a 51% registered interest has funded to a 65% interest under an option and joint venture agreement with Augyva Mining Resources Inc.
                   Note 2: Currently a 56% registered interest and has funded to a 60% interest under an Option/JV Agreement with Champion Iron Mines Inc.                  8
Financing Strategy Illustration
A User-Banker Model With Strategic Partner
                      6000              Production Capex: $5B
                                                                5150        Shared pro-rata JV
                                                        600
                      5000                                                  financing with SOE
                                                 900    12%
   in millions of $




                                                                            Fund source from
                                                 18%                        SOE strategic
                      4000                                                  partnership
                                        3500
                                                                           Total project
                                         70%                               development &
                      3000
                                                                           production cost
                                                                           FER financing
                      2000
                                                                           Profile raising $600M
                                                                        BFS
                      1000                                              70% debt financing
                                                                        60-70% product presold
                             50   100                                   Lead order of $900M from
                         0                                               partner (top up)
                                                                        FER valuation supported by
                                                                         BFS & very substantial
                                                                         resources/reserves



Century Iron Mines Corporation                                                                        9
Project Development Roadmap
      A strategy of progressive development of 18Bt well located resources
      Executed by a mining team with outstanding track record
      Targeting a 100Mpta strategic partner & 700Mtpa end user country
                                                                   (conceptual illustration)
       Full Moon       Taconite                              30
       4                             7.3 Bt (M&I)                   Production                     Full Moon
                                     8.7 Bt (Inferred)              Mtpa Target                    High Volume
                                                             25
                       3                                                                                         4
                           Lac Le Fer     DSO
                                                             20

                                                             15

                                    2        Hayot
            Taconite       DSO
                                                   DSO       10
      1.7Bt (Inferred)                            Joyce
                                                                           Joyce
                            18.5km                                     Closest distance                  3
                                                               5        Target 1mtpa
                                                  1                                            2
                     Schefferville                                            1                           DSO
                                                               0
                                   TSH &                        2014       2015        2016          2017        2018
                                  QNSL Rail
     Labrador Tough                to Sept Iles                               DSO          Taconite
                                   DSO                                                Taconite project along strike
From closest low capex high grade DSO projects (target 2015) to high volume & capex taconite

Century Iron Mines Corporation                                                                                          10
Schefferville Projects: Location & Geology
Proven classic iron formation in a mining camp
                                                           Adriana (WorldLink & WISCO)
                                                       Otelnuk         MI&I 11.35 Bt @
                                                       Deposit*
                                                                       28.9% Fe (average)


                                                                                              7.3 Bt @ 33.18% Fe (M&I)                     Labrador
                                                                                              8.7 Bt @ 29.86% Fe (Inf)                     Trough
                  Central Section, Labrador
                  Trough
                  Knob Lake Group
                                                                                  Full Moon Deposit
                                                                                  Rainy Lake Section                            Full Moon: Taconite
                  Sokoman Iron Formation,
                  equivalent to Wabush Iron
                  Formation at South
                                                                                            Lac Le Fer Section
          New Millennium (Tata Steel)                                                                                                  Prospect 3: DSO
                    MI&I 3.46 Bt @ 31.24%
                                                                                                                   Attikamagen                  Hayot 1.72 Bt @
                    Fe (average)                          KéMag*
                                                                                                                                                31.25% Fe (average)

                       MI&I 5.13 Bt @ 29.4%                LabMag*                                                                     Joyce Lake: DSO
                       Fe (average)                                                                                                   Hayot Lake: Taconite
                                                         DSO Projects:
                                                         Tata Steel investing                                                                          Century’s
                                                         up to C$300m
                                                                                                                  Schefferville
                                                                                                                                                       Projects
* 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 it cannot be relied upon.


Century Iron Mines Corporation                                                                                                                                                             11
Attikamagen – Joyce Lake: DSO
Target 2015 Production                   Confirming grades & thickness
                                             Selected Composite Assay results
        L5N   L4N     L3N   L2N            Joyce Lake         From       To       Core*          Grade
                                  L1N       Hole No.           (m)       (m)    Length (m)       FE%
                                    L0     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-11-23             2       129       127           50.65
                                            includes            48        81       33            61.15
                                              and              102       114       12            66.28
                                         2011: drilled 40 holes totalling 5,159 m
                                         * Core lengths are down hole 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-12-85       90     132        42                 59.80
                                           JOY-12-103       63     102        39                 61.02
                                           JOY-12-104       57     123        66                 62.75
                                           JOY-12-105       72      93        21                 66.40
                                           JOY-12-107       39      75        36                 63.52
                                          JOY-12-110A 105          129        24                 62.05
                                           JOY-12-111       93     150        57                 66.72
                                           JOY-12-117      117     150        33                 63.41
                                         2012: drilled 74 holes totalling 7,807 m


Century Iron Mines Corporation                                                                            12
Drill Sections at Joyce Lake DSO Prospect
                                 Line 4+50N




                                                   Line 4N




                                                              Line 3+50N
          OBD

         Mixed
                                                                           Line 3N
        TFe 32%


                           Trench near Joy 12-65
      Leached
    DSO TFe > 64%
                                                         Line 2N

Century Iron Mines Corporation                                                       13
Sunny Lake – Lac Le Fer Section (DSO Potential)
                                         Prospect #2              Prospect #3
                                                        SiO2             Mn SiO2
                                 Sample Fe %     Mn %    % Sample Fe % %      %
                                  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)

Century Iron Mines Corporation                                                         14
LLF P3 DSO Target, Mag and Gravity
  LLF P3 DSOLLF-P3-004 Assay
            result
                                  Naturally enriched >62% grade & good thickness
Sample             Length
  ID   From   to          TFe %
                    (m)
502509   3    9      6    9.48
                                                                    LLF-P3-004
502510   9    12     3    52.5                                      62.3% FeT/45.0m
                                                                    (ended in IF)
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
                                       Proposed Holes
502520   36   39     3    64.6     Completed Holes
                                       Completed Holes
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                                                        15
Full Moon Taconite Deposit, Rainy Lake
First Resource Estimate by SRK
     SRK Mineral Resource Estimate Summary
              (at 20% Fe cutoff – October 22, 2012)

  Resource category        Billion tonnes      Grade TFe%

  Indicated                     7.260                 30.18
  Inferred                      8.694                 29.86

                   Resource Highlights
    Resource model based on 124 diamond holes on
     22,900 meters (out of total 2010-12 total drilling
     of 30,941 meters over 148 diamond holes;
    An update resource estimate to come upon
     complete results on all holes modeled & analyzed
    11km strike length (open both to the north &
     south of the Deposit) & up to 4km across
    Combined true thickness of iron ore units often
     exceeds 200m



Century Iron Mines Corporation                                16
Full Moon Deposit
Thicker than usual, better economics

                                                       2.75km                           Section Line 0
                               29.0%   31.3%   29.1%    30.4%   30.2%   28.4%   27.9%      Usual taconite
                               115m    152m    234m     272m    224m    341m    242m      thickness 100m
        Iron Ore Units




                                                                                               Iron Ore Units
              Iron Ore Units




Century Iron Mines Corporation                                                                                  17
Hayot Lake Iron Project
                                   Mineral Resource Statement Sept 25, 2012


                                             Volume     Quantity             Grade
                                 Domain

                                             (Mm3)         Mt          SG       TFe %
                                            Inferred Mineral Resources
                                    LC        60.8        178.8       2.94      23.92
                                   JUIF      125.6        414.9       3.31      31.99
                                   URC       162.6        536.3        3.3      32.89
                                   PGC       100.2        328.8       3.28      32.10
                                  LRGC        80.5        264.4       3.28      31.27

                                  TOTAL      529.6        1,723       3.25      31.25

              LC
                JUIF             Reported at a cut-off grade of 20% total iron inside a
                  URC            conceptual pit envelope optimized considering
                     PGC LRGC    reasonable open pit mining, processing and selling
                                 technical parameters and costs benchmark against
                                 similar taconite iron projects and a selling price of
                                 US$110 per dry metric tonne of iron concentrate.

Century Iron Mines Corporation                                                        18
Further Potential of Altius Projects
  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
    to 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.




Century Iron Mines Corporation                             19
Transportation – Iron Projects in Labrador Trough
                                                                            QNS&L (Common Carrier) runs
                                                                             573km from Schefferville to Sept-Iles
                                            Full Moon
         Adriana
        (WISCO)                             Lac Le Fer                      Attikamagen to Schefferville: 15km
                          Sunny Lake                                         (from the closest point)
                              Attikamagen           Joyce & Hayot           Joyce Lake targets 1-3Mtpa DSO
       Schefferville
                                                                                • Using existing Railroad
                                            Altius
                                           Projects                               infrastructures: QNS&L à, TSR
                                          Ross Bay                          Rainy Lake (Full Moon) targets
                                          Junction
              Labrador City                                                  20Mtpa+

              Mont-Wright




                                                       Sept-Iles

                                                      Pointe-Noire
                                Port-Cartier

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



Century Iron Mines Corporation                                                                                  20
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
                                                                           IOC Port     400,000 dwt
                  Multi user Berth
                  By Port of Sept Iles                                                 Main port is over 23.2 m in depth
                                                                                       Accommodates Capesize or
                                                                                        larger vessels
                                                   Alumina
                                                   Plant
                                                                                       Fully equipped, can be operated
                                                                                        year-round
                                                                                       50Mtpa $220M expansion plan
                                                                                        to be completed in 2014 with
                                                                                        more than $100M in commitments
                                         • Natural shelters, deep water for             from miners and governments,
                                           year-round access by iron ore
                        0   500 m          ships                                        $55M from federal government
                                         • Ability to expand as required


Century Iron Mines Corporation                                                                                            21
Duncan Lake Iron Project
                                     Well-Established Infrastructure
                                    10 km south of LG2 regional airport
                                    50 km south of Radisson
                                    Hydro Quebec’s LG1 & LG2 within 100 km
                                    120 km (approx.) from James Bay
                                    Highway 109 connects Matagami and
                                     Radisson through the property

                                       Mineral Resource Estimate Summary
                                       (at 16% Fe cutoff – updated Aug 27, 2012)

  Duncan
  Project                            Resource              Million       Grade
                                     category              tonnes          %
                                     Measured                 406         23.9

                                     Indicated                645         24.7

                                     Subtotal                1,050        24.4

                                     Inferred                 563         24.7


Century Iron Mines Corporation                                                     22
Duncan Lake Project – Land Transportation
                                                                                                                     Kuujjuaraapik
     Pipeline Solution in a                                         Robert-Bourassa, the world’s 10th -                 (about
                                                                                                                       200km)
                                                                    largest hydroelectric power plant
     Well-Studied Area
  A planned 150km slurry pipeline1
   between the hydro plant in
   Radisson and the slurry receptor
                                                                                                                         LG2
   plant on James Bay.
                                                                             LG1
  Based on historic data and
   compared with similar existing
   pipeline systems in commercial                                                                DUNCAN
   operations, the operating cost is                                                             PROJECT

   estimated at US$1.00~1.25 per
   tonne2
  Quebec government plans
   identify a proposed nearby deep-
   water port location at Kuujjuaraapik
                                        Note: 1) Where the pipeline crosses junctions or rivers, it will be constructed
   (200km north of Duncan Project) 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.



Century Iron Mines Corporation                                                                                                    23
Duncan Lake Project – Oceanic Shipping
                                         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

              Kuujjuaraapik                   Ongoing Studies
                                  Identified two locations for port site
                                  Extensive shipping study is underway
                                  Partnering with shipping and
                                  engineering companies to work out
                                  logistic options
Century Iron Mines Corporation                                                24
2012-3 Exploration Milestones
2015 Target Production: Joyce
                                  Meters                   Meters to 




                                                                                                                                    production from other targets thereafter
                                                                                                                                    2015 Production from Joyce enhancing
                                                                           Resources 
        Project                 Completed                 complete in                                              PEA
                                                                       calculation target
                               (September)                   2012 
                                                                                  1.05(M+I)+.56(I) Bt
        Duncan                      54,306                 Completed                 Aug 27, 2012
                                                                                                       Q4 / Q1 2013
                                                                                  7.3 (M+I)+8.7 (I) Bt
      Full Moon                     26,187                      2,500                Oct 22, 2012      Q2‐Q3 2013
                                                                                   Update Q1 2013

 Joyce Lake DSO                     13,329                      1,000                         Q4                  2013
     LLF P3 DSO                        826                    7,000 *                       2013                  2013
                                                                                        1.72Bt (I)          To be developed with 
  Hayot Taconite                     6,286                  Completed                 Sept 25, 2012         Full Moon in concert

         Altius                              Gravity, EM, mapping and orientation drilling

                     Simultaneous parallel exploration / development strategy
       Achieving near-term cash flow & enhancing future world scale development of taconite / magnetite
 * Planned meters subject to agreement with local First Nations and to be executed over fall 2012 to 2013

Century Iron Mines Corporation                                                                                                                                                 25
Management For Success
Mine development & logistics in place 2012 for 2015 production

                                                             Ghislain Arel, Mine Development
                         Hubert Vallee




                                                                                                          Core competence, expertise
                        SPV, Mine Development & Logistics




                                                                                                          and successful experience
                                                                 Robert Girardin, Logistics


                         Ivan Wong, CFO

Sandy Chim
                         Ricky Chan, VP, Planning & Operations
   President
    & CEO
                         Claude Britt, Chief Geologist

                         Michael Skutezky, General Counsel & Corporate Secretary

                         Bob Leshchyshen, VP, IR & Corporate Development

 New iron ore mine   Iron ore mining &      Resource discovery        China steel mill &       Capital market &
   development       logistic operation       & development            iron ore trading       building materials


Century Iron Mines Corporation                                                                                                  26
Enterprise Value Building Highlights
   EV per tonne in-situ under favourable conditions:
        • Secured off take (60-70%) – captive end-user market
        • Leverage on capex in place (up to 70% debt) – end-user as banker
        • Chinese SOEs strategic partners – equity & JV asset interests
   Multi-billion tonne resources & growing (starting with 1.6Bt)
        • Largest claimholding in proven world class iron ore camp
        • With near-term production of target 2015 from 1 Mtpa
        • With resource backing expansion to 20 Mtpa and beyond
   Strong strategic partners: WISCO & Minmetal – unusual
    sponsorship of 2 Global Fortune 500 Chinese SOEs – equity, debt &
    market support
   A development company with an A team of Canadian iron ore
    development & mining expertise executing and targeting near-term
    production & cash flow

Century Iron Mines Corporation                                               27
Comparable Table
(based on attributable resources)
          Iron Ore Industry in Labrador Trough                                                                                FE 
                                                                                                                      EV      P&P                 FE
          With NI43‐101 Resources                       Close                                       Market     Enterprise     M&I      EV/      Total*    EV/
  Stock                                                14‐Nov                52  week     Shares      Cap          Value      mils      FE       mils      FE
 symbol   Name                                          2012       Low            High   O/S (mils) $mils         ($mils)   tonnes    tonne    tonnes    tonne
  ADV     Alderon Resource Corp.                       $1.46     $1.41           $3.83     129.9    $189.7        $172.4     333.5    $0.517    415.3    $0.415
  NML     New Millennium Capital Corp. (2)             $1.21     $1.14           $3.23     178.3    $215.7        $116.1    1,759.3   $0.066   2,326.5   $0.050
  CHM     Champion Iron Mines Ltd. (3)                 $0.46     $0.47           $2.27     119.3     $54.9         $28.9     172.5    $0.168   1,842.1   $0.016
   ADI    Adriana Resources Inc. (1)                   $0.43     $0.43           $1.38     157.5     $66.9         $19.1    1,314.0   $0.015   2,820.6   $0.007
   FEO    Oceanic Iron Ore Corp.                       $0.16     $0.13           $0.45     174.7     $27.1         $25.0     848.2    $0.029    911.9    $0.027
                                                                                                    $554.4        $361.5    4,427.5   $0.082   8,316.4   $0.043

   FER    Century Iron Mines Corp. (4)                  $1.05      $0.92       $2.35       94.9        $99.6       $45.2    1,414.5   $0.032   3,220.1 $0.014

          * Total includes Proven and Probable, Measure and Indicated and Inferred Resources.
          (1) Adriana: Wisco has 60% interest in the property
          (2) New Millennium: Tata Steel has 80% interest in all the properties except Lac Ritchie
          (3) Champion: Century and WISCO together have 60% interest in Hayot Lake property.
          (4) Centruy: Champion Iron Mines has 40% interest in Hayot Lake, Augyva Mining Resources has 35% in Duncan Lake 
          and WISCO has 40% interest in all of the properties.




Century Iron Mines Corporation                                                                       Prepared by: Bob Leshchyshen, MBA, CFA                  28
Contact Information
                         Century Iron Mines Corp.
                           Bob Leshchyshen
                    VP, Corporate Development and IR
                         (416) 977-3188 Ext. 109
                   bob.leshchyshen@centuryiron.com

                                  CHF Investor Relations
                                       Robin Cook
                                 Senior Account Manager
                                 (416) 868-1079 Ext. 228
                                    robin@chfir.com



Century Iron Mines Corporation                             29

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Century Iron Mines Corporation

  • 1. Century Iron Mines Corporation Corporate Presentation November 2012 The largest iron ore resource (attributed) & iron claims owner & developer www.centuryiron.com Sustainable Development TSX: FER
  • 2. 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. Century Iron Mines Corporation 2
  • 3. Iron Ore Price Trend Update Monthly Average Spot Price (1)  Price pressure: (62%Fe CFR Tianjin)  Construction industry  200 slowdown—result of months of  $122/t (16 Nov, 2012) property price inflation controls 180  Low steel prices squeezing  160 margins on mills 140  Destocking—accelerated by  transformation from CIF spot to  US$ per tonne 120 physical spot 100  No recovery in export markets  80 (especially Europe) 60  Positive outlook:  1 trillion RMB fiscal program  40 announced 20 FOB Spot CRF Tianjin  New leadership continuing  domestic/fixed asset  0 investment‐driven policy Oct-07 Jan-08 Apr-08 Oct-08 Jan-09 Apr-09 Oct-09 Jan-10 Apr-10 Oct-10 Jan-11 Apr-11 Oct-11 Jan-12 Apr-12 Oct-12 Jul-08 Jul-09 Jul-10 Jul-11 Jul-12  Prices still at historic highs  compared with pre‐crisis level (1) FOB annual benchmark price prior to Q4 2008; thereafter CIF spot price Century Iron Mines Corporation 3
  • 4. Half the world is growing Crude Steel Production Increase 2011 vs. 2012  China and India (half of  7.00% (Jan – Aug) world production) are  6.00% 5.71% growing and the other  half shrinking overall 5.00%  Developing countries  4.00% taking the lead going  3.00% forward Jan-Aug Jan-Aug Increase 2.00% (‘000 tonnes) 2011 2012 % 1.22% China 470,855 476,615 1.22% 1.00% 0.60% India 47,956 50,696 5.71% -0.49% ROW 493,377 490,948 -0.49% 0.00% Global 1,012,188 1,018,259 0.60% -1.00% China India ROW Global Century Iron Mines Corporation 4
  • 5. Developing Countries Driving Future Steel Growth Mtpa Over the next 10 years:  Developing economies drive growth ROW China India 2500  Ex-China developing countries contribute 1/3 813 2303 of global growth and > 1/2 of China’s growth 92 164 for the same period 2000  China, though slowing down, still contributes 475 58% of tonnage growth 640 1490 246 1158 1500 51 72 532 683 1000 850 21 57 Other 151 developing 177 500 economies 981 678 735 Developed economies 69 0 2001 2001-2011 2011 2012-2021 2021 (CRU) Growth Growth (CRU) Century Iron Mines Corporation Source: World Steel Association, CRU, Century 5
  • 6. China’s growing reliance on imports Buying 70% of seaborne iron ore Iron ore imports to China as % of total consumption—12-month rolling Under the current comparison Five Year Plan, 90.0% “China targets 80.0% 70.0% to import 50% 60.0% 50.0% of its iron ore 40.0% 30.0% from Chinese- 20.0% 10.0% owned mines 0.0% elsewhere in the world” (CISA) 61.4% 2010-11 61.4 2011-12 65.6% Century Iron Mines Corporation 6
  • 7. Financial Highlights & Capital Structure Financial highlights (Sept. 30, 2012) Cash and cash equivalents $41,442,432 (Closed first WISCO JV, received $20M Sept 27, 2012) Exploration and evaluation assets $42,846,544 Investment in joint venture $59,548,098 Capital structure (Nov 13, 2012) Shares outstanding 94,864,071 Warrants and options (@$2.92) outstanding 8,954,027 Fully diluted 103,818,098 Share Price $1.03 Market capitalization (approximately) $98 million Share structure Founding shareholders and management (voluntary lock-up) 53.94% WISCO (approx. 25%) and MinMetals (5%) – Strategic Partners 30.00% Public shareholders 16.06% Total 100.00% Century Iron Mines Corporation 7
  • 8. Corporate Structure & Project Iron Ore Projects 20Bt resources under management Approx. Approx. WISCO 25% 5% Full Moon International Century Minmetals Resources Exploration & Development Iron Mines Development 3 & Investment Corporation (Luxembourg) Hayot Ltd (PRC) (TSX: FER) Limited S.à.r.l Joyce  $120M 40% 60% 100% 2 to earn in 40% JVs Four projects  60% Off-take acquired from  70% capex to Altius Minerals Inc. fund in debt Joint Venture (TSX: ALS) 4 Champion Iron 40-44% 56-60% 51-65% Augyva Mining 35-49% 4 Mines Ltd. (Note 2) (Note 1) Resources Inc. (TSX: CHM) 100% (TSXV: AUV) Attikamagen Sunny Lake Duncan Lake Project Project Project 2 3 1 (in Billions of tonnes) NI 43-101 James Bay Area Hayot Full Moon Duncan Total Resources Measured & indicated - 7.3 Bt 1.1 Bt 8.4 Bt 1 Duncan Lake Inferred 1.7 Bt 8.7 Bt 0.6 Bt 11.0 Bt Note 1: Currently a 51% registered interest has funded to a 65% interest under an option and joint venture agreement with Augyva Mining Resources Inc. Note 2: Currently a 56% registered interest and has funded to a 60% interest under an Option/JV Agreement with Champion Iron Mines Inc. 8
  • 9. Financing Strategy Illustration A User-Banker Model With Strategic Partner 6000 Production Capex: $5B 5150 Shared pro-rata JV 600 5000 financing with SOE 900 12% in millions of $ Fund source from 18% SOE strategic 4000 partnership 3500 Total project 70% development & 3000 production cost FER financing 2000 Profile raising $600M  BFS 1000  70% debt financing  60-70% product presold 50 100  Lead order of $900M from 0 partner (top up)  FER valuation supported by BFS & very substantial resources/reserves Century Iron Mines Corporation 9
  • 10. Project Development Roadmap  A strategy of progressive development of 18Bt well located resources  Executed by a mining team with outstanding track record  Targeting a 100Mpta strategic partner & 700Mtpa end user country (conceptual illustration) Full Moon Taconite 30 4 7.3 Bt (M&I) Production Full Moon 8.7 Bt (Inferred) Mtpa Target High Volume 25 3 4 Lac Le Fer DSO 20 15 2 Hayot Taconite DSO DSO 10 1.7Bt (Inferred) Joyce Joyce 18.5km Closest distance 3 5 Target 1mtpa 1 2 Schefferville 1 DSO 0 TSH & 2014 2015 2016 2017 2018 QNSL Rail Labrador Tough to Sept Iles DSO Taconite DSO Taconite project along strike From closest low capex high grade DSO projects (target 2015) to high volume & capex taconite Century Iron Mines Corporation 10
  • 11. Schefferville Projects: Location & Geology Proven classic iron formation in a mining camp Adriana (WorldLink & WISCO) Otelnuk MI&I 11.35 Bt @ Deposit* 28.9% Fe (average) 7.3 Bt @ 33.18% Fe (M&I) Labrador 8.7 Bt @ 29.86% Fe (Inf) Trough Central Section, Labrador Trough Knob Lake Group Full Moon Deposit Rainy Lake Section Full Moon: Taconite Sokoman Iron Formation, equivalent to Wabush Iron Formation at South Lac Le Fer Section New Millennium (Tata Steel) Prospect 3: DSO MI&I 3.46 Bt @ 31.24% Attikamagen Hayot 1.72 Bt @ Fe (average) KéMag* 31.25% Fe (average) MI&I 5.13 Bt @ 29.4% LabMag* Joyce Lake: DSO Fe (average) Hayot Lake: Taconite DSO Projects: Tata Steel investing Century’s up to C$300m Schefferville Projects * 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 it cannot be relied upon. Century Iron Mines Corporation 11
  • 12. Attikamagen – Joyce Lake: DSO Target 2015 Production Confirming grades & thickness Selected Composite Assay results L5N L4N L3N L2N Joyce Lake From To Core* Grade L1N Hole No. (m) (m) Length (m) FE% L0 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-11-23 2 129 127 50.65 includes 48 81 33 61.15 and 102 114 12 66.28 2011: drilled 40 holes totalling 5,159 m * Core lengths are down hole 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-12-85 90 132 42 59.80 JOY-12-103 63 102 39 61.02 JOY-12-104 57 123 66 62.75 JOY-12-105 72 93 21 66.40 JOY-12-107 39 75 36 63.52 JOY-12-110A 105 129 24 62.05 JOY-12-111 93 150 57 66.72 JOY-12-117 117 150 33 63.41 2012: drilled 74 holes totalling 7,807 m Century Iron Mines Corporation 12
  • 13. Drill Sections at Joyce Lake DSO Prospect Line 4+50N Line 4N Line 3+50N OBD Mixed Line 3N TFe 32% Trench near Joy 12-65 Leached DSO TFe > 64% Line 2N Century Iron Mines Corporation 13
  • 14. Sunny Lake – Lac Le Fer Section (DSO Potential) Prospect #2 Prospect #3 SiO2 Mn SiO2 Sample Fe % Mn % % Sample Fe % % % 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) Century Iron Mines Corporation 14
  • 15. LLF P3 DSO Target, Mag and Gravity LLF P3 DSOLLF-P3-004 Assay result Naturally enriched >62% grade & good thickness Sample Length ID From to TFe % (m) 502509 3 9 6 9.48 LLF-P3-004 502510 9 12 3 52.5 62.3% FeT/45.0m (ended in IF) 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 Proposed Holes 502520 36 39 3 64.6 Completed Holes Completed Holes 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 15
  • 16. Full Moon Taconite Deposit, Rainy Lake First Resource Estimate by SRK SRK Mineral Resource Estimate Summary (at 20% Fe cutoff – October 22, 2012) Resource category Billion tonnes Grade TFe% Indicated 7.260 30.18 Inferred 8.694 29.86 Resource Highlights  Resource model based on 124 diamond holes on 22,900 meters (out of total 2010-12 total drilling of 30,941 meters over 148 diamond holes;  An update resource estimate to come upon complete results on all holes modeled & analyzed  11km strike length (open both to the north & south of the Deposit) & up to 4km across  Combined true thickness of iron ore units often exceeds 200m Century Iron Mines Corporation 16
  • 17. Full Moon Deposit Thicker than usual, better economics 2.75km Section Line 0 29.0% 31.3% 29.1% 30.4% 30.2% 28.4% 27.9% Usual taconite 115m 152m 234m 272m 224m 341m 242m thickness 100m Iron Ore Units Iron Ore Units Iron Ore Units Century Iron Mines Corporation 17
  • 18. Hayot Lake Iron Project Mineral Resource Statement Sept 25, 2012 Volume Quantity Grade Domain (Mm3) Mt SG TFe % Inferred Mineral Resources LC 60.8 178.8 2.94 23.92 JUIF 125.6 414.9 3.31 31.99 URC 162.6 536.3 3.3 32.89 PGC 100.2 328.8 3.28 32.10 LRGC 80.5 264.4 3.28 31.27 TOTAL 529.6 1,723 3.25 31.25 LC JUIF Reported at a cut-off grade of 20% total iron inside a URC conceptual pit envelope optimized considering PGC LRGC reasonable open pit mining, processing and selling technical parameters and costs benchmark against similar taconite iron projects and a selling price of US$110 per dry metric tonne of iron concentrate. Century Iron Mines Corporation 18
  • 19. Further Potential of Altius Projects 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 to 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. Century Iron Mines Corporation 19
  • 20. Transportation – Iron Projects in Labrador Trough  QNS&L (Common Carrier) runs 573km from Schefferville to Sept-Iles Full Moon Adriana (WISCO) Lac Le Fer  Attikamagen to Schefferville: 15km Sunny Lake (from the closest point) Attikamagen Joyce & Hayot  Joyce Lake targets 1-3Mtpa DSO Schefferville • Using existing Railroad Altius Projects infrastructures: QNS&L à, TSR Ross Bay  Rainy Lake (Full Moon) targets Junction Labrador City 20Mtpa+ Mont-Wright Sept-Iles Pointe-Noire Port-Cartier 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 0 50 100 km Mont-Wright to Port Cartier: 400 km Century Iron Mines Corporation 20
  • 21. 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 IOC Port 400,000 dwt Multi user Berth By Port of Sept Iles  Main port is over 23.2 m in depth  Accommodates Capesize or larger vessels Alumina Plant  Fully equipped, can be operated year-round  50Mtpa $220M expansion plan to be completed in 2014 with more than $100M in commitments • Natural shelters, deep water for from miners and governments, year-round access by iron ore 0 500 m ships $55M from federal government • Ability to expand as required Century Iron Mines Corporation 21
  • 22. Duncan Lake Iron Project Well-Established Infrastructure  10 km south of LG2 regional airport  50 km south of Radisson  Hydro Quebec’s LG1 & LG2 within 100 km  120 km (approx.) from James Bay  Highway 109 connects Matagami and Radisson through the property Mineral Resource Estimate Summary (at 16% Fe cutoff – updated Aug 27, 2012) Duncan Project Resource Million Grade category tonnes % Measured 406 23.9 Indicated 645 24.7 Subtotal 1,050 24.4 Inferred 563 24.7 Century Iron Mines Corporation 22
  • 23. Duncan Lake Project – Land Transportation Kuujjuaraapik Pipeline Solution in a Robert-Bourassa, the world’s 10th - (about 200km) largest hydroelectric power plant Well-Studied Area  A planned 150km slurry pipeline1 between the hydro plant in Radisson and the slurry receptor LG2 plant on James Bay. LG1  Based on historic data and compared with similar existing pipeline systems in commercial DUNCAN operations, the operating cost is PROJECT estimated at US$1.00~1.25 per tonne2  Quebec government plans identify a proposed nearby deep- water port location at Kuujjuaraapik Note: 1) Where the pipeline crosses junctions or rivers, it will be constructed (200km north of Duncan Project) 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. Century Iron Mines Corporation 23
  • 24. Duncan Lake Project – Oceanic Shipping 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 Kuujjuaraapik Ongoing Studies  Identified two locations for port site  Extensive shipping study is underway  Partnering with shipping and engineering companies to work out logistic options Century Iron Mines Corporation 24
  • 25. 2012-3 Exploration Milestones 2015 Target Production: Joyce Meters  Meters to  production from other targets thereafter 2015 Production from Joyce enhancing Resources  Project Completed   complete in  PEA calculation target (September) 2012  1.05(M+I)+.56(I) Bt Duncan 54,306 Completed Aug 27, 2012 Q4 / Q1 2013 7.3 (M+I)+8.7 (I) Bt Full Moon 26,187 2,500 Oct 22, 2012  Q2‐Q3 2013 Update Q1 2013 Joyce Lake DSO 13,329 1,000 Q4 2013 LLF P3 DSO 826 7,000 * 2013 2013 1.72Bt (I) To be developed with  Hayot Taconite 6,286 Completed Sept 25, 2012 Full Moon in concert Altius Gravity, EM, mapping and orientation drilling Simultaneous parallel exploration / development strategy Achieving near-term cash flow & enhancing future world scale development of taconite / magnetite * Planned meters subject to agreement with local First Nations and to be executed over fall 2012 to 2013 Century Iron Mines Corporation 25
  • 26. Management For Success Mine development & logistics in place 2012 for 2015 production Ghislain Arel, Mine Development Hubert Vallee Core competence, expertise SPV, Mine Development & Logistics and successful experience Robert Girardin, Logistics Ivan Wong, CFO Sandy Chim Ricky Chan, VP, Planning & Operations President & CEO Claude Britt, Chief Geologist Michael Skutezky, General Counsel & Corporate Secretary Bob Leshchyshen, VP, IR & Corporate Development New iron ore mine Iron ore mining & Resource discovery China steel mill & Capital market & development logistic operation & development iron ore trading building materials Century Iron Mines Corporation 26
  • 27. Enterprise Value Building Highlights  EV per tonne in-situ under favourable conditions: • Secured off take (60-70%) – captive end-user market • Leverage on capex in place (up to 70% debt) – end-user as banker • Chinese SOEs strategic partners – equity & JV asset interests  Multi-billion tonne resources & growing (starting with 1.6Bt) • Largest claimholding in proven world class iron ore camp • With near-term production of target 2015 from 1 Mtpa • With resource backing expansion to 20 Mtpa and beyond  Strong strategic partners: WISCO & Minmetal – unusual sponsorship of 2 Global Fortune 500 Chinese SOEs – equity, debt & market support  A development company with an A team of Canadian iron ore development & mining expertise executing and targeting near-term production & cash flow Century Iron Mines Corporation 27
  • 28. Comparable Table (based on attributable resources) Iron Ore Industry in Labrador Trough FE  EV P&P FE With NI43‐101 Resources Close Market Enterprise M&I EV/ Total* EV/ Stock 14‐Nov                52  week Shares Cap Value mils FE mils FE symbol Name 2012 Low High O/S (mils) $mils ($mils) tonnes tonne tonnes tonne ADV Alderon Resource Corp. $1.46 $1.41 $3.83 129.9 $189.7 $172.4 333.5 $0.517 415.3 $0.415 NML New Millennium Capital Corp. (2) $1.21 $1.14 $3.23 178.3 $215.7 $116.1 1,759.3 $0.066 2,326.5 $0.050 CHM Champion Iron Mines Ltd. (3) $0.46 $0.47 $2.27 119.3 $54.9 $28.9 172.5 $0.168 1,842.1 $0.016 ADI Adriana Resources Inc. (1) $0.43 $0.43 $1.38 157.5 $66.9 $19.1 1,314.0 $0.015 2,820.6 $0.007 FEO Oceanic Iron Ore Corp. $0.16 $0.13 $0.45 174.7 $27.1 $25.0 848.2 $0.029 911.9 $0.027 $554.4 $361.5 4,427.5 $0.082 8,316.4 $0.043 FER Century Iron Mines Corp. (4) $1.05 $0.92 $2.35 94.9 $99.6 $45.2 1,414.5 $0.032 3,220.1 $0.014 * Total includes Proven and Probable, Measure and Indicated and Inferred Resources. (1) Adriana: Wisco has 60% interest in the property (2) New Millennium: Tata Steel has 80% interest in all the properties except Lac Ritchie (3) Champion: Century and WISCO together have 60% interest in Hayot Lake property. (4) Centruy: Champion Iron Mines has 40% interest in Hayot Lake, Augyva Mining Resources has 35% in Duncan Lake  and WISCO has 40% interest in all of the properties. Century Iron Mines Corporation Prepared by: Bob Leshchyshen, MBA, CFA 28
  • 29. Contact Information Century Iron Mines Corp. Bob Leshchyshen VP, Corporate Development and IR (416) 977-3188 Ext. 109 bob.leshchyshen@centuryiron.com CHF Investor Relations Robin Cook Senior Account Manager (416) 868-1079 Ext. 228 robin@chfir.com Century Iron Mines Corporation 29