Lara Exploration Corporate Presentation

1. South American Prospect Generator 1

2. Forward Looking Statements
Except for statements of historical fact relatingto the Company, certain information contained herein constitutes forward-lookingstatements.
Forward-lookingstatements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”and other
similar words, or statements that certain events or conditions “may” or “will”occur. Forward-lookingstatements are based on the opinions and
estimates of management on the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that
could cause actual events or results to differ materially from those projected in the forward-lookingstatements. There can be no assurance that
such forward-lookingstatements will prove to be accurate, as actual results and future events could differ materially from those anticipated in
such statements. Accordingly, readers should notplace undue reliance on such statements.
The Company does not undertake to update any forward-lookingstatements that are incorporated by reference herein, exceptin accordance
with applicable securities laws. For a description of material factors thatcould cause the Company’s actual results to differ materially from the
forward-lookingstatements, please review the Company’s ManagementDiscussion & Analysis and Financial Statements filed on
www.sedar.com.
Michael Bennell, Lara’s Vice PresidentExploration and a Fellow of the Australasian Institute of Miningand Metallurgy, is a Qualified Person as
defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators, and has verified
the data disclosed, includingsampling, analyticaland testdata underlyingthe information or opinion s contained in the written disclosure and
approved the written disclosure of the technical information in this presentation regardingthe Company’s projects.
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3. Introduction
• Canadian listed mineral exploration company, with ticker symbol: LRA.V, operating in Brazil,
Peru, Colombia, Paraguay and Chile.
• Prospect Generator business model is where exploration funding is mostly derived from joint
ventures, partnerships, royalties and from the sale of projects.
• South America-based management team with a history of exploration success. Lara has
acquired, discovered and sold nickel, phosphate, potash, coal and copper deposits.
• Current mineral property portfolio includes: precious metal, base metal, industrial mineral,
agricultural commodity and coal projects at various stages of development.
• The Liberdade copper-gold discovery in Brazil, made in partnership with Codelco, has the
potential to transform the Company if title issues can be resolved.
• Actively acquiring and developing new projects through the bear market.
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4. • Mining and commodity markets are cyclical, so
in order to invest profitably, you have to be
both contrarian and patient.
• The market is now at lows not seen since the
late 1990’s creating many attractive
investment opportunities.
• Lara funds exploration through joint ventures,
partnerships and project sales, greatly limiting
financial risk on any given project.
• Payments from JV partners and proceeds from
the sale of projects are funding activities
through the market slump.
• The Lara team is acquiring new prospects at
rock-bottom prices ahead of the inevitable
upturn in the cycle.
4TSX-V: LRA January 2016
02/11/2015, 10:06Weary commodity investors see end of slump - FT.com
In the US state of Illinois, an average farm’s break-even price for corn will be $4.61 a bushel in 2016,
according to Michael Langemeier of Purdue University. This is about 60 cents higher than the price
of December 2016 corn futures.
In the shale formations of the US, crude production is declining after drillers idled more than 1,000
Prospect Generator Business Model

5. Share Capital and Sustainability
5
Treasury Value
Market Capitalization ~CAD$7.5 M
Cash & Marketable Securities ~CAD$1.2 M
Payments due from Partners
(est. 2016)
~CAD$1.5 M
2016 Budget ~CAD$1.5 M
Share Capital Number Percent
Outstanding 31,286,357 92%
Options 2,660,000 8%
Fully Diluted 33,946,357 100%
Insider Ownership ~10%
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6. Management and Directors
6
Management Directors
Miles Thompson (President& CEO)
Lara founder with +30 years in exploration globally.
Previously Managerof Business Development forGold
Fields. Founderand Chairmanof ReservoirMinerals.
Michael Bennell (Vice PresidentExploration)
+30 year track record with multiple discoveries in
Australia, Brazil and Africa. Previouslywith BHP
Billiton and AngloGold.
Christopher MacIntyre (Vice PresidentCorporate)
+7 years in public markets and the resource sector.
Commerce and Business graduate Queen’s University.
Helio Ikeda (Advisor Brazil)
Lara founder, with +30 years experience of
explorationin Brazil.Worked previouslyfor Vale,
Billiton and Barrick.
Carlos Caceres (AdvisorColombia)
+30 years experience in coal,metals and oil and gas
explorationin Colombia.
Geoff Chater (IndependentDirector)
+20 years in the industry, previously First Quantum.
Geology graduate Texas ChristianUniversity.
Christopher Jones (IndependentDirector)
Memberof the Institute of Canadian Chartered
Accountants and Institute of Chartered Financial
Analysts of Ontario. Accounting Managerat Williams &
Partners.
Adrian Calvert (IndependentDirector)
+15 years in resource industry. Founderof WindRose
Capital Ltd. Holds law degree from the University of
Queensland and an MBA from Insead.
Andre Gauthier (Director)
MaxyGold founder (acquired by Lara in 2009) +30
years in exploration and mining globally, previously for
Falconbridge and Cambior.
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7. Diverse Mineral Property Portfolio
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8. Joint Ventures, Alliances and Royalties
8
Country Partner Project Commodity Lara % Cash $m Expl $m Royalties
Brazil Codelco Liberdade Copper 25% 2% NSR
Brazil Tessarema Curionopolis Copper-Au Royalty 1.25 2% NSR
Brazil Vertical Curionopolis Iron Royalty 0.80 $0.75 - $1.5/t
Peru Aruntani Grace Gold Royalty 2.00 0.50 0.75-1% NSR
Peru Redzone Lara Copper 45% 1% NSR
Peru Hochschild Corina Gold Royalty 4.15 2.00 2% NSR
Peru Kiwanda Picha Copper 30% 1%-2% NSR
Chile Kiwanda Bahia Inglesa Phosphate Shares 0.57 2% NSR
Colombia Kiwanda Carbhid Coal Shares 2% NSR
Colombia Kiwanda Pelaya Coal Shares 2% NSR
Colombia Kiwanda Iza Phosphate 2% NSR
Totals 8.77 2.50
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9. 2016 Outlook
9
• The Company’s plan is to generate new properties and prospects. The focus is on Brazil,
where we currently see the most potential.
• Tessarema is developing a small high-grade copper-gold mining operation at Curionopolis.
Lara due to receive US$1.25m and a 2% NSR production royalty.
• Kiwanda Coal and Phosphate Alliances listing on the ASX through reverse takeover of Phillips
River Mining. Lara to be repaid $570,000 in cash, receive vendor shares and royalties.
• Hochschild working to secure drill permits for Lara’s Corina gold project, a highly prospective
epithermal vein system close to their Pallancata and Immaculada mining operations.
• Aruntani working to secure drilling permits for Lara’s Grace gold project, a sizeable high
sulphidation epithermal target close to their Apumayo mining operations.
• Codelco continues to support court and administrative proceedings to defend our title and
rights to the Liberdade copper discovery.
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10. Liberdade Copper Discovery - Brazil
10
• The Carajás is one of the most
prolific mining districts in the world,
where Vale S.A. operates its richest
iron mines, in addition to producing
copper, gold, manganese and nickel.
• Liberdade copper discovery made in
partnership with Codelco, which
funded exploration and drilling to
earn a 51% interest and must deliver
a resource of >500,000t copper to
get to 75%.
• Codelco is currently running a
lawsuit against Vale S.A. and the
Brazilian Department of Mines
defending the exploration title.
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11. Liberdade Copper - Fortuna Target
11
Best Intercepts Fortuna Target - Primary Chalcopyrite Zone
Drill Hole Target From (m) To (m)
Intercept
(m)
Copper (%) Gold (ppb) Cu Eq (%)
LBCD - 02 Fortuna 49 246 197 0.65 118 0.72
LBCD - 06 Fortuna 72.6 200.7 128.1 0.69 104 0.75
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Please refer to “Codelco Intercepts 197 Metres at 0.72% Copper Equivalentat Liberdade” Released: March 1, 2013
• The Fortuna target is a Carajás-type IOCG system with a 1200 x 350m surface footprint, similar in
style to a number of developed copper deposits and mines in the district.
• Fortuna is only one of several targets so far identified within the Liberdade property.

12. • Located in Carajás district, the Maravaia
deposit comprises high-grade IOCG-type
breccia veins.
• Drill intercepts include 53.8m at 9.59% Cu,
56m at 16.51% Cu, 29.05m at 4.56% Cu.
• Comparable to nearby (~20km) Antas mine,
scheduled to start production in 2016.
• Partner Tessarema is completing permitting
and mine development to earn a 100%
interest from Lara.
• Lara receiving staged cash payments and
production royalties.
• The Maravaia deposit is one of several
targets within the Curionopolis property.
Curionopolis Copper - Brazil
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Please refer to ‘Drilling Intersects 56metres at 16.51% Copper at Curionopolis in Brazil’,Released: June 1, 2015

13. Laying foundations for processing plant
Maravaia Mine Development - Brazil
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Osmar Pre-Strip to expose sulphide ore. Stockpiling oxide ore

14. Corina Gold - Peru
• Low sulphidation epithermal gold target,
close to the Hochschild owned Selene,
Pallancata and Immaculada mines.
• Lara trenched and sampled mineralization
for >2km of strike on the Promesa vein.
• Project optioned to Hochschild for $4.15m in
cash and a 2% NSR royalty
• Currently working to secure community
agreements and a drilling permit.
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superficial rights secured
lt with new veins discovered
show Au/Ag presence at
hole district to be completed
with Lara Exploration Ltd.
at surface - 20 km from Selene
t Inmaculada & Pallancata
age in Hochschild’s Southern Peru cluster

15. Grace Gold - Peru
• High sulphidation epithermal gold targets
(marked as Fox and Gran Leon on the map)
adjacent to Apumayo gold mines (photo below
and map on the right right).
• Project optioned to Minera Aruntani for $2m in
staged cash payments and production royalties.
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16. 16
• Mineralized footprint 2km by
0.5km.
• Oxide resource over a mid-sized
porphyry, based on limited
drilling completed to date.
• Located at low altitude, close to
infrastructure and to the coast.
• Minsur paid $505 million for a
70% interest in the nearby Mina
Justa deposit in 2012.
• Lara ownership 45%, plus a 1%
NSR royalty.
Lara Copper Porphyry - Peru
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Please refer to “Summary of Exploration, Metallurgy and Scoping Studies on the Lara Porphyry Copper Property and Proposed 2005 Exploration
Program, Rio Viscus, Palpa, Peru” authored by John Nebocat, P. Eng. dated February 9, 2004 and revised March 31, 2005; and to “NI 43-101
TECHNICAL REPORT ON THE LARA PORPHYRY COPPER-MOLYBDENUM DEPOSIT, PERU”, authored by Simon Meldrum and dated March 1, 2010.

17. Bahia Inglesa Phosphate - Chile
17
• Phosphate basin in northern Chile, close to port, with
a long history producing direct application phosphate
for the Chilean market.
• Lara and partner Kiwanda hold 19,000 hectares of
100%-owned licenses and an option to purchase the
producing Bifox mine.
• Agreement in place to vend rights to ASX-listed
Phillips River for cash and shares.
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Surface mapping, sampling and test pits from the 2015 due-diligence program

18. Coal and Phosphate - Colombia
18
• Lara and partner Kiwanda own
~23% of Carbhid SAS, operator of
the Escalones underground coal
mine in the Boyacá Basin.
• Plus the option to acquire the Pelaya
claim (Cesar Basin), which has the
potential for a large-scale resource
that could be mined from open-pit.
• Agreement in place to vend rights to
ASX-listed Phillips River for cash and
shares.
• Iza Phosphate JV - Using the Carbhid
operating team to develop
phosphate mining in the same
district as Escalones.
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El Diamante
Mine -
Escalones
Phosphate
Bed - Iza

19. Azul Tin Project - Brazil
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• Lara option to acquire 100% interest.
• Mining license worked previously on a small
scale from two open pits.
• 51 drill holes (~3,700 metres) completed to
test the mineralization exposed in the pits.
~1cm
Cassiterite
Drill core from hole TAD-02

20. Planalto Copper Project - Brazil
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• Lara option to acquire 100% interest. Property
located in the Carajás District, ~10km west of
Vale S.A.’s Cristalino copper deposit.
• Historic surface sampling outlined two copper-
in-soil anomalies with values >300ppm
copper, one ~1.3km by 0.9km in size, the
other ~2.9km by 0.3km.
• Historical reports include results of two drill
holes: FD-73 which intercepted 188m of 0.4%
copper and FD-74 which intercepted of 50m
at 0.38% copper.
• Lara’s option is on hold pending issue of the
exploration licenses, this is now expected in
early 2016.
Please refer to “Lara Signs Option to Acquire the Planalto Copper Projectin Northern Brazil” Released: February25, 2013

21. Summary and Conclusions
21
• Prospect Generator business model substantially increases the probability of exploration
success, while reducing the cost of failures.
• Lara’s treasury sufficient to maintain momentum through 2016 and beyond, including adding
new prospects like the recently optioned Azul Tin Project in Brazil.
• Management team has deep roots in South America, has made multiple discoveries, and has
significant shareholdings in the Company
• Focus on larger discoveries of interest to miners, where even a minority interest or a royalty
can generate order of magnitude returns for shareholders.
• Liberdade discovery made with Codelco potentially a catalyst for a revaluation of the company
if title problems can be resolved.
• Building a portfolio of self-created royalty interests, with the Curionopolis copper-gold project
potentially starting to pay out in the coming year.
• Lara’s share price today is at lows not seen since the 2008 crash
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22. Contact
22
For more information please contact:
Christopher MacIntyre
Vice President, Corporate Development
Suite 414, 100 Richmond Street West
Toronto, Ontario M5H 3K6, Canada
Phone: +1 416-703-0010
Fax: +1 416-964-0823
Or visit us online at:
www.laraexploration.com
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