July 2013
Building a South American Iron Major

South American Iron Inc.
Disclaimer
This presentation was created for discussion purposes only. Materials and data discussed in this presentation may constitute
forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future
events revenues or performance, and underlying assumptions and other statements, which are other than statements of historical
facts. The words “believe,” “expect,” “anticipate,” “intends,” “estimate,” “forecast,” “predict”, “could”, plan”, “project,” “will,” “may,”
“should” and similar expressions identify forward-looking statements. Forward-looking statements include statements regarding:
strategies, outlook and growth prospects; future plans and potential for future growth; liquidity, capital resources and capital
expenditures, financing needs, plans or intentions relating to acquisitions, our competitive strengths and weaknesses, growth in
demand for our products; economic outlook and industry trends; developments of our markets; legal trends and the impact of
regulatory initiatives; and the strength of our competitors.
The forward-looking statements in this presentation are based upon various assumptions, many of which are based, in turn, upon
further assumptions, including without limitation, management's examination of historical operating trends, data contained in our
records and other data available from third parties. Although we believe that these assumptions were reasonable when made, these
assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are
beyond our control and we may not achieve or accomplish these expectations, beliefs or projections. In addition, important factors
that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the
achievement of the anticipated levels of revenues, profitability and growth, costs, the impact of competition and competitive pricing,
the ability to obtain necessary regulatory approvals and the ability to fund our future operations and capital needs through
borrowing or otherwise, the ability to successfully implement any of our business strategies, the ability to integrate our business and
to realize anticipated cost savings and operational benefits from such integration, our expectations about growth in demand for our
products, the effects of inflation, interest rate and exchange rate fluctuations, and our success in identifying other risk to our
business and managing the risk of the aforementioned factors, the condition of the economy and political stability in Russia and the
other markets of operations and the impact of general business and global economic conditions.
Neither we, nor any of our respective agents, employees or advisors intend or have any duty or obligation to supplement, amend,
update or revise any of the forward-looking statements contained in this presentation. The information and opinions contained in
this presentation are provided as at the date of this presentation and are subject to change without notice.

South American Iron Inc.
Company Profile
A Compelling Iron Ore Development Opportunity
Canadian Company:
• Canadian-registered, privately held mining exploration
company to develop South American iron ore assets.
Potential to be one of the World’s largest deposits:
• Controls la Doblada (Bolivia) iron ore license located on a
major iron ore belt.
• License area covers 4500 hectares.
• Previous work shows massive ore body with up to 24 Billion
ton potential.
• Grab samples contain up to 65% Fe.
Exceptional Infrastructure to access seaborne trade:
• About 5km from railway.
• Direct rail transport to river port.
• Access to international markets and China .
• Available electricity in immediate vicinity.
Quick cash flow potential:
• Permission to exploit up to 50,000 t/m from known outcrops.
Experienced management team with proven track record.

South American Iron Inc.
Investment Highlights
Infrastructure Cost
Advantage
 Access to existing transport, power
& water infrastructure
 Reduced capex
3
Transport Advantage
 Close to railroad and Paraguay
river
 Option to supply local demand
and China
2
Advantageous Location
 Located in known iron ore region
 Proximity to worlds largest iron
ore deposit, el Mutun
1
Quality Assets
 Covers an area of 4500 hectares
 Top samples show up to 65% Fe
4
Experienced
Management
 Well-connected and
experienced management
5
Significant Resource
Potential
 Drilling expected to prove up a
significant iron ore deposit
6

South American Iron Inc.
Management & Advisory Team
Gustavo Granier, Chief Executive Officer (GAP)
Partner, 25 years of Executive and management experience
mainly in natural resources and logistics. Currently serves as
CEO of GAP. Previous roles include development and partner
roles include Zinc/Silver company Royal Silver; FOSMIN,
dedicated to the industrialization of fertilizers through a large
phosphate rock deposit, both in Bolivia. Holds an MBA from
Universidad Camilo Jose Cela, Spain. Member of the Mining
Chamber of Commerce of Cochabamba, Bolivia.
Michael Hellenbrand, Executive Chairman
Founder, 20 years’ experience as an entrepreneur in Canada, FSU
and emerging markets. Founded South American Iron to build
into a major LATAM iron ore company. Founder and Executive
Chairman of First Iron Group with significant iron ore assets in
the Russian Federation. Previously Chief Executive Officer of First
Iron, responsible for First Iron’s asset acquisition strategy,
execution, fund raising, development and growth. Member of
the Advisory Council of the American-Russian Business Institute.
Luis O. Benavente, Financing/Budget Advisor
Partner, 15 years experience with Fortune 100 companies mainly
in the mining field, 7 years as financial advisor to Government
and Industry. Previously Business Manager Planning & Control
Latin America, Placer Dome Mining Co; Financial Planning &
Capital Expenditure Supervisor, all Country budgeting for General
Motors Chile; Financial Controller, Candelaria Copper, Phelps
Dodge Inc.; Internal Auditor, Shell Forestry/Energy Group. CPA
from the University of Chile, MBA from Escuela de Negocios MBA
Business School, Spain.
Jose Antonio Pimentel Castillo, Political Advisor
Director of Bolivian state miner COMIBOL. Previously
Government positions include: Minister of Mining and
Metallurgy until 2012; Chief of the Bolivian Government
Administration; National Deputy for the Potosi Region Bolivia;
President of the mining Commission for the negotiation of the
Trade Union force; and Chairman of the Committee for
Economic Development. Author of many political publications.
Professor of Economics and Socio-Politics. Political Science
Degree from the University of San Simon, Cochabamba.
Carlos Cardozo, Technical Advisor
Mining engineer with over 50 year experience. Led technical
work on la Doblada which showed potential resources of 24
billion tones. Currently Technical Director for el Mutun mine,
Bolivia. Previous senior management positions at Bolivian state
mining companies COMIBOL and Corocoro, President of Kanakar
Technologies. Expert on the Mutun iron ore belt. Holds several
patents in sponge iron processing technology. Author of
numerous mining publications. Industrial Engineering degree
from University Mayor de San Andres, Bolivia and Chemical
Metallurgy Degree from University of Latin American Tokyo,
Japan.
Erika Medina Huaina, Environmental Advisor
16 years experience in Environmental Management in Bolivia.
Legal/Environmental advisor for Medina Consultants SRL with
focus on Mining and Metallurgical, Hydrocarbons, Natural Gas,
Water and the use of Water Resources. She is a graduate of
Business Administration from the Catholic University of Santa
Maria in Arequipa Peru.

South American Iron Inc.
La Doblada
Clearly visible massive iron ore outcrops
La Doblada covers an area of 4500 hectares located in a
well known iron ore region of Chiquitos, in Bolivia.
The License does not have an expiration date as long as
Government fees are made on a yearly basis.
Current studies show a massive iron ore body with
potential be one of the world’s largest iron ore deposit
containing as much as 24 billion tones.
Massive iron ore outcrops clearly visible to the naked
eye.
On same trend 250km from el Mutun, world’s largest
iron ore deposit with estimated reserves of 40 billion
tons @ 50% Fe.
Commissioned Snowden to perform technical review &
analysis , who confirmed visible outcrops, significant
potential and further work is well warranted.
Relief of the region is mostly flat, with an average height
of 296 meters.
Clearly visible massive iron ore outcrops
Top: Aerial view of la Doblada, Snowden.
Below: Aerial view of la Doblada, GAP.

South American Iron Inc.
La Doblada cont.
Satellite prospection and Geophysical Modeling views of la Doblada
Massive Ore Body discovered:
• Prospected by Geophysical Consultancy Group using
High Frequency technology including Satellite
prospection and Geophysical Modeling.
• Discovered massive hematite iron ore body, on surface.
Potential for one of the World’s largest iron ore
deposits:
• Potential reserves of 24 Billion Tones.
• License area covers 4500 hectares comprising 180
square grids of 25 ha (500m x 500m) each.
• Grids are contiguous and form a single block
Next Development steps:
Phase I:
• Geological mapping together with associated outcrop
sampling campaign.
• Will provide foundation for a subsequent 43-101
compliant exploration drilling program/Scoping study.
Phase II:
• Pre-feasibility & feasibility study with intent to fast-track
to commercial production.

South American Iron Inc.
Sample Results
Outcrops during site Visit (Snowden) Samples taken during site visit (Snowden) Lab result from la Doblada confirming 64.89 % Fe (GAP)
~ 30 cm
Large visual iron ore outcrops on surface.
Historical samples confirm iron content of 56-65% Fe.
Lab results of limited samples taken by Snowden during site
visit confirm iron ore content of 26-56% Fe.
Phase I to embark on comprehensive program to lay
foundation to fast track through PFS & FS.

South American Iron Inc.
Logistics Cost
Source AME Research – Iron Ore
Summary from 72 mines, 22 pellet plants, 13 countries
Logistics – Major cost Impact of bulk commodities
Well-established Infrastructure
means:
Lower construction cost.
Major overall capex savings.
Less permitting required.
No land access issues.
Significantly lower risk.
Shorter construction time.
Faster time to production

South American Iron Inc.
Exceptional Infrastructure
Power - 6kms
Photos of infrastructure taken by Snowden.
Electricity is available in the local villages of ‘Santiago de Chiquitos’
and ‘Águas Calientes’, with power lines located some 6 km away from
the Concession. Also the Gas Pipeline from Santa Cruz-Puerto Suarez
passes about 15 km away from la Doblada.
Highway is about 7 km away from la Doblada runs more or less parallel
to the railroad and also connects La Doblada with Puerto Suarez at the
Paraguay River.
Railroad about 5 Km away at the town of Águas Calientes, connects La
Doblada with Puerto Suarez for 230 km at the Paraguay River
(Bolivia/Brazil border) with existing infrastructure for storage and
shipment of commodities including iron ore.
The Paraguay River is a well established and main transport route for
commodities, including iron ore among other materials to Brazil,
Paraguay, Argentina and Uruguay via Paraguay-Parana River Complex,
and then on to intercontinental destinations via the Atlantic Ocean.

South American Iron Inc.
River Ports in Bolivia
Railroad at the town of Águas Calientes, connects La Doblada with Puerto Suarez/Puerto
Aguirre at a distance of 230 km right at the Paraguay River on the Bolivian-Brazil border with
existing infrastructure for storage and shipment of commodities including iron ore.
Red arrows show transport route.

South American Iron Inc.
Loading & Barge Convoys
Barge convoys are made up of 25-30 barges depending on river conditions. Old style barges
transport 1,500 tones each (37,500-45,000 tones/convoy). New style barges transport 2,600 tones
each (65,000-78,000 tones/convoy). Vale and MMX, both operating in the Corumba‐Urucumiron
ore fields in Brazil across from Puerto Suarez, are currently shipping more than
8million tonnes of iron ore annually utilizing barge tug convoys on the Hidrovia.

South American Iron Inc.
Link to the Atlantic Ocean
Access to the seaborne trade:
La Doblada has superb, well established
infrastructure access.
230kms by rail to Port Suarez (Bolivia)
an important inland river port in the
Santa Cruz Department of Bolivia located
10 km west of the border with Brazil .
2783kms (20 days) by river barges via the
Paraguay river, a highly important
shipping and trade corridor, to the
Atlantic Ocean near Buenos Aires,
Argentina and Montevideo, Uruguay.
River Transport route shown in red
and Ocean in yellow arrows
Paraguay River transport is a known and
tested transport route used by Majors
such as Vale to transport bulk
commodities including iron ore.

South American Iron Inc.
Seaborne Trade
…and onward delivery to customers in India, China, Japan, Europe...

South American Iron Inc.
Global Demand
Global Iron Ore Demand – Driven by China
Forecasted global iron ore demand by 2015 is 2.1 billion tonnes/year.
More than half entire demand from China

South American Iron Inc.
Peer Group Analysis
Global Iron Ore Company Comparisons
Iron ore Company Country Shares o/s Price Mkt Cap EV Ownership Resource Grade Resource EV/Resource
Key Operations Ticker m Local CCY US$m US$m % Mt Fe % Fe Mt US$/t
Explorers/developers
Australasian Resources Australia ARH AU 442.5 0.32 146 146 100% 1,605 33% 527 0.28
Brockman Resources Australia BRM AU 144.8 5.63 855 766 100% 1,630 43% 707 1.08
Centrex Metals Australia CXM AU 310.3 0.39 125 110 100% 257 31% 79 1.40
Dynasty Metals Australia DMA AU 90.9 0.19 18 15 100% 932 27% 255 0.06
Emergent Resources Australia EMG AU 68.7 0.25 18 17 50% 281 28% 77 0.22
FerrAus Australia FRS AU 249.4 0.75 196 165 100% 329 57% 186 0.89
Flinders Mines Australia FMS AU 1820.6 0.18 334 277 100% 748 55% 414 0.67
Golden West Resources Australia GWR AU 192.1 0.69 139 129 100% 148 59% 87 1.48
Iron Ore Holdings Australia IOH AU 163.3 1.76 301 283 100% 647 57% 372 0.76
Iron Road Australia IRD AU 114.7 1.02 123 119 100% 1,235 17% 208 0.57
Pluton Resources Australia PLV AU 181.7 0.90 171 163 100% 452 26% 119 1.36
Red Hill Iron Australia RHI AU 43.9 2.40 110 106 40% 169 57% 96 1.11
WPG Resources Australia WPG AU 247.3 0.76 197 181 100% 569 35% 202 0.90
Australia explorer/developer average 3,460 1.02
Strike Resources Peru SRK AU 133.5 0.36 50 6 44% 119 57% 68 0.09
Northland Resources Sweden, Finland NAUR NO 225.2 17.70 733 723 100% 459 31% 143 5.04
Afferro Mining Liberia, Cameroon AFF LN 86.3 183.50 257 262 57% 1,953 34% 667 0.39
African Iron Republic of Congo AKI AU 479.5 0.29 143 91 95% 31 56% 18 5.17
African Minerals Sierra Leone AMI LN 327.6 495.25 2,639 2,514 75% 9,594 31% 3,022 0.83
Avonlea Minerals Namibia AVZ AU 83.4 0.18 16 14 95% 495 24% 119 0.12
Baobab Resources Mozambique BAO LN 175.8 44.00 126 124 90% 43 25% 11 11.60
Bellzone Mining Guinea BZM LN 721.3 67.25 789 739 100% 3,740 23% 858 0.86
London Mining S. Leone, S. Arabia LOND LN 113.8 392.50 726 521 87% 1,997 34% 687 0.76
Sundance Resources Cameroon SDL AU 2718.7 0.46 1,311 1,231 92% 2,514 42% 1,052 1.17
Zanaga Iron Ore Republic of Congo ZIOC LN 280.4 160.00 730 730 50% 2,010 34% 680 1.07
Ex-Australia Expl./Dev. Average 7,519 2.46
Global Explorer/Developer Average 10,979 1.74
April 2011
Source: Bloomberg, GMP estimates, Company data. N – no blocking stake

South American Iron Inc.
Valuation Scenarios
Valuation Scenarios based on Peer Group and Contained Iron Scenarios
Resource Size Contained Fe Company Valuation US $ million
% Proven Mt @ 50% Fe Fe Mt @ $0.25/t @ $0.50/t @ $0.75/t @ $1.00/t @ $1.74/t @ $2.46/t
20 4,800 2,400 600 1,200 1,800 2,400 4,176 5,904
25 6,000 3,000 750 1,500 2,250 3,000 5,220 7,380
30 7,200 3,600 900 1,800 2,700 3,600 6,264 8,858
35 8,400 4,200 1,050 2,100 3,150 4,200 7,308 10,332
40 9,600 4,800 1,200 2,400 3,600 4,800 8,352 11,808
50 12,000 6,000 1,500 3,000 4,500 6,000 10,440 14,760
Mining activity and iron ore stockpiles at el Mutun, 250 km from la Doblada .

South American Iron Inc.
Development Plan
2013 2014 2015 2016 2017 2018 2019
H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2
Financing
Scoping Study
Pre-Feasibility Study
Feasibility Study
Construction
Development US$million
Scoping Study 3
Pre-Feasibility 5
Deposit 2
Feasibility Study 7
Working Capital 2
Contingency 1
Total 20

South American Iron
South American Iron Inc.
1 First Canadian Place
1600-100 King Street West
Toronto, Ontario
Canada M5X 1G5
Michael Hellenbrand
Executive Chairman
mh.sairon@gmail.com