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Century Iron Mines Corporation
Corporate Presentation – September 2012
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 in Context
 US$
  200
                                      Price level correction over the past year due to
  180
                                       very unfavourable international economic & the
  160
                                       resulted slowing down of growth in China
  140

  120
                                      Current price level is still historical high when
  100
                                       compared with pre-financial crisis levels
   80
                                                         Historical annually negotiated benchmark FOB price
   60

   40
                                                                                                                                                                                                                                                                                                                                                     Spot
                                                                                                                                                                                                                                                                                                                                   China CIF Iron Ore
   20                                                                                                                                                                                                                                                                                                                              Fines 62% Fe Spot
                                                                                                                                                                                                                                                                                                                                   Price in US$
    0
                 May-83




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                                                                                                                                                                                                                                                                                                                                                                       Nov-11
        Aug-82




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                                                                                                                                                                                            Aug-97




                                                                                                                                                                                                                                Aug-00




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                                                                                                                                                                                                                                                                                                        Aug-06




                                                                                                                                                                                                                                                                                                                                            Aug-09




                                                                                                                                                                                                                                                                                                                                                                                Aug-12
           14000.00
           12000.00
           10000.00
            8000.00
            6000.00
            4000.00
            2000.00
               0.00




Century Iron Mines Corporation                                                                                                                                                                                                                                                                          Source: Index Mundi, TSI                                                         3
Global Crude Steel Growth Trend 2001 - 2021
 Mtpa
 2500                                                               ROW             China          India
           Over the next 10 years:
            The world will grow faster in the last                   813                        2303
            China will still grow 90% as much as the last                          92                 164
            Developing economies will contribute over
 2000         90% of growth                                             475
            Developing economies driving growth

                                 640             1490                   246                     1158
 1500                                    51                  72

                                 532             683
 1000                                                           Other
               850     21                57                   developing          177
               151                                            economies
  500                                                         Developed                          981
                                                              economies            69
               678                                735

     0
               2001          2001-2011           2011              2012-2021               2021 (CRU)
                              Growth                              Growth (CRU)
Century Iron Mines Corporation                                    Source: World Steel Association, CRU, Century   4
$10 Billion in Canadian Iron Ore in One Year
Acquisitions, Investments, Expansions

                                   1     2   3   4    Century Iron (FER)
                                   $240M including investment by WISCO & MinMetals

                                    5    Consolidated Thompson (CLM.TO)
                                         $5B acquisition by Cliffs Natural Resources

                                    12   Iron Ore Company (IOC)
                                         $1B expansion from 17Mtpa to 25Mtpa at Carol Lake
                                    13   ArcelorMittal (MT)
                                         $2.1B expansion from 14Mtpa to 24Mtpa at Mt. Wright
                                    7    Tata (TTM)
                                         $300M DSO, $50M (BFS) + $5B (Capex) Taconite
                                         investment at Millennium Iron Range
                                    9    Adriana Resources (ADI.V)
                                         $120M investment by WISCO
                                    10   Baffinland Iron Mines Corp. (BIM.TO)
                                         $600M investment by ArcelorMittal
                                    11   Advanced Explorations Inc. (AXI.V)
                                         $50m+$1B investment into Roche Bay


                                    TOTAL: $10 Billion +
Century Iron Mines Corporation                                                                 5
Financial Highlights & Capital Structure
     Financial highlights (June 30, 2012)
     Cash and cash equivalents                                     $54,437,941
     Exploration and evaluation assets                             $55,122,267

     Capital structure (Sept 5, 2012)
     Shares outstanding                                             94,864,071
     Warrants and options outstanding                                8,954,027
     Fully diluted                                                 103,818,098
     Share Price                                                         $1.25
     Market capitalization (approximately)                         $120 million

     Share structure
     Founding shareholders and management                              53.94%
     WISCO (approx. 25%) and MinMetals (5%) – Strategic Partners       30.00%
     Public shareholders                                               16.06%
     Total                                                            100.00%

Century Iron Mines Corporation                                                    6
Structure and Project Overview
    Corporate Structure                                                                   Iron Ore Projects

                       Approx.                        Approx.                                      3
       WISCO            25%                             5%
    International                                                    Minmetals
     Resources                     Century Iron                    Exploration &
    Development                       Mines                         Development
    & Investment                   Corporation                     (Luxembourg)
      Ltd (PRC)                     (TSX: FER)                     Limited S.à.r.l

 $120M       40%               60%
                                               100%
  to earn in
  40% JVs
 Off take: 60%                                  Four projects being
 Procure up to                                     acquired from
  70% capex by                                   Altius Minerals Inc.
  debt                 Joint Venture                  (TSX: ALS)      4

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

             Attikamagen         Sunny Lake          Duncan Lake                            James Bay Area
                Project 2          Project 3           Project 1

 Note 1: Currently a 51% interest with an option to increase to a 65% interest under an
         option and joint venture agreement with Augyva Mining Resources Inc.
 Note 2: Currently a 56% interest with an option to increase to a 60% interest under an    Duncan Lake
         Option/JV Agreement with Champion Minerals Inc.



Century Iron Mines Corporation                                                                                                          7
Corporate Vision & Project Profile
 To become one of the largest
 iron ore producers in Canada                                                     Largest claim
                                                                                 holder in the iron
                        Development          Product                               ore camp of
  Project / Location                                        Target production        Canada
                           focus              target

  Labrador Trough
     Joyce Lake,       DSO:                Lump              3-4 years
     Lac Le Fer        high grade low      Sinter fines      From 3mtpa
     Schefferville W   volume DSO          Super fines        to 10mtpa

                                                                                Labrador Iron Mines Holdings Ltd. Projects




     Rainy Lake        Taconite:           Pellets           5-6 years
      (Full Moon)       high tonnage        Concentrate       From 20mtpa
     Hayot             lower grade                             & up


                                                                                               James Bay Area
  James Bay
     Duncan Lake       Magnetite:          Pellets           5-6 years
                        high volume                            From 10mtpa
                        lower grade                             & up                      Duncan Lake




Century Iron Mines Corporation                                                                                               8
2012-3 Exploration Milestones
                        Meters           Approximate
                                                           Resources
                    Completed up to       meters to
       Project                                             calculation            PEA
                      about mid-         complete in
                                                             target
                        August              2012
                                                          Published on
      Duncan             54,306                                            Q4 / Q1 2013
                                                         August 27, 2012
                                                          Q3 & further
     Full Moon           24,117              4,000                                2013
                                                          updated 2013
  Joyce Lake DSO         11,769              1,000             Q4                 2013

     LLF P3 DSO            826               2,000            2013                2013

   Hayot Taconite         6,286                                Q3

       Altius                     Gravity, EM, mapping and orientation drilling


Century Iron Mines Corporation                                                            9
Financing Strategy Illustration
An 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
                       0                                                  Lead order of $900M
                                                                           from partner (top up)
                                                                          FER valuation
                                                                           supported by BFS &
                                                                           very substantial
                                                                           resources/reserves

Century Iron Mines Corporation                                                                    10
A Winning Formula for Success
   Corporate Interest                 JV/Project Interest                Market
   30% Chinese Strategic                40% Chinese SOEs                  60-70%
           Partners
                                                                          Chinese
   70%   Canadian & public             60% Century (TSX: FER)             off-take
          investors


                        Up to 70% financing by debt               Accretive &
                         capital by end user/banker             Equity enhancing

                   Securing success
                   •   Financial structure:
                        • Capex requirement to enter production of only 13%
                        • Balance funded by end-user/banker
                   •   60-70% of end product pre-sold
                   •   Access to technical competence of major international
                       companies with successful experience in mega-projects
                   •   Being a Canadian company with a substantial Chinese interest


Century Iron Mines Corporation                                                        11
Century Iron Mines Projects
                                 1       Duncan Lake Project
                                         • Magnetite
                                         • Over 1Bt measured & indicated
                                         • Over 500 Mt inferred

                                 2       Sunny Lake Project
                                         • DSO & Taconite Potential*
                                         • On the same strike with NML & ADI

                                 3       Attikamagen Project
                                         • DSO & Taconite Potential*
                                         • On the same strike with NML & ADI

                                 4      Altius Project (4)

                                         • DSO & Taconite Potential*
                                 * The potential quantity and grade is conceptual in nature. There has
                                 been insufficient exploration to define a mineral resource and it is
                                 uncertain if further exploration will result in the target being delineated
                                 as a mineral resource.

Century Iron Mines Corporation                                                                             12
Duncan Lake Iron Project
                                     Well-Established Infrastructure
                                    10 km south of LG2 regional airport
                                    50 km south of Radisson
                                    LG1 & LG2 of Hydro Quebec within 100 km
                                    120 km (approx.) from James Bay
                                    Highway 109 goes through the property
                                     connecting Matagami and Radisson

                                       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                                                     13
Duncan Lake NI43-101 Iron Ore Resources
   Duncan Lake Iron Ore Property Mineral Resources at 16% Fe cutoff
   (Update August 27, 2012)
                                                                                             2010
    Mineral Resource                 Million                          DTWR
                                                        Fe %                       DT Fe % NI43-101
         Class                       Tonnes                             %
                                                                                             (Mt)

          Measured                     406               23.9           26.8           67.3              5.7

          Indicated                    645               24.7           28.1           66.9             25.6

        Measured &
                                      1,050              24.4           26.5           67.0             31.3
         Indicated

           Inferred                    563               24.7           28.0           66.5             821.1
   (Note 1: DTWR % is the Davis Tube Weight Recovery; DT Fe % is the Davis Tube Fe Concentrate Grade)
   (Note 2: Total tonnage may vary due to rounding)
   (Note 3: The effective date of the mineral resource estimate is August 24 th, 2012)
   (Note 4: Resource estimate is based on all six Duncan Lake zones)


Century Iron Mines Corporation                                                                                  14
Duncan Lake – Exploration Programs
•   51% JV and operator of the Duncan Lake Project
•   Option agreement to earn up to 65%
                                                       Completed Exploration Programs
        Magnetic Map of Duncan Lake Area
                                                      1973 drilling = 22 boreholes for
    ■   99 claims                                       4,143m on deposits 3, 4, and 6
    ■   4,615 hectares                                Completed 54,467m of drilling over
    ■   6 banded iron                                   177 holes (2008-2012)
        formation
        deposits                                      NI43-101 Mineral Resource
        identified along a              Deposit 6
                                                        Estimate updated by Met-Chem &
        25km belt
                                                        published August 27, 2012.
                                                      Over 30 times in the M+I categories
                                                        (over 1Bt) than last estimate, with
                                                        over 500Mt in Inferred

                                                                   In Progress
                                                      Preliminary economic assessment
                                                        by Met-Chem
                                                      Completed Environmental Scoping
                                                        study; now performing Environmental
                                                        Baseline study
                                                      On-going internal logistics study
Century Iron Mines Corporation                                                                15
Duncan Lake: Canadian Competitive Advantage
ABUNDANT WATER AND ELECTRICITY IN THE AREA
Water
Canada, particularly Quebec, enjoys
abundant water, which is important for
concentration operations

Electricity
Located near Hydro-Québec’s James Bay
Robert-Bourassa hydro-electric power
plant on La Grande River, the world’s 10th
largest, which will provide low-cost energy
for the project


Direct Benefits:
•   Reduced cost of construction and operation of facilities to supply water and electricity
•   Long-term competitive advantage for concentration and pelletizing operations


Century Iron Mines Corporation                                                                 16
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                                                               PROJECT

   is estimated at US$1.00~1.25 per
   tonne2
  Plan Nord identifies a proposed
   nearby deep-water port location at
   Kuujjuaraapik (200km north of
                                      Note: 1) Where the pipeline crosses junctions or rivers, it will be constructed
   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                                                                                                   17
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                                                18
Schefferville Projects – Location and Geology
PROVEN CLASSIC IRON FORMATION IN A MINING CAMP

                                                          Adrianna (WorldLink & WISCO)
                                                       Otelnuk         MI&I 6.26 Bt @
                                                       Deposit*
                                                                       29.16% Fe (average)


                                                                                                                                           Labrador
                                                                                                                                           Trough
                  Central Section, Labrador
                  Trough
                  Knob Lake Group
                                                                                  Sunny Lake Project
                                                                                  Rainy Lake Section                            Full Moon: Taconite
                  Sokoman Iron Formation,
                  equivalent to Wabush Iron
                  Formation at South                                                        Sunny Lake Project
          New Millennium (Tata Steel)                                                       Lac Le Fer Section                         Prospect 3: DSO
                    MI&I 3.46 Bt @ 31.24%
                    Fe (average)                          KéMag*                                                   Attikamagen
                                                                                                                                            Joyce Lake: DSO
                       MI&I 5.13 Bt @ 29.4%                LabMag*
                       Fe (average)

                                                         DSO Projects:
                                                                                                       Schefferville
                                                                                                                                                      Century’s
                                                         Tata Steel investing
                                                         up to C$300m                                                                                 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 cannot be relied upon.


Century Iron Mines Corporation                                                                                                                                                         19
Sunny Lake Iron Project

                                                                                        •       530 mineral claims, covering
                       Rainy Lake                                                               25,692 hectares in Labrador
                      Full Moon: Taconite                                                       Trough region
                                                                                        •       On strike from KeMag LaMag
                                                                                                deposits (8-9Bt) to the south
                                                                                                and Lac Otelnuk (6Bt) to the
                                     Lac Le Fer                                                 north.
                                                                                        •       Rainy Lake – 2011: drilled 31
                                                                                                holes 6,387m , 2012: drilled 85
                                                                                                holes 16,866m = 116 holes
                                                                                                and 23,253 m to date
                                                                                        •       Lac Le Fer – in 2011 drilled 2
                                                                                                RC* holes 198m and 5 DDH**
                                 Prospect 3: DSO                                                holes 627m
                                                                                        *RC – Reverse Circulation
                                                                                        **DDH Diamond Drilling

                                            * The potential quantity and grade is conceptual in nature. There has been insufficient exploration to define a mineral
                                            resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.


Century Iron Mines Corporation                                                                                                                                        20
Attikamagen Iron Project

                                 • Up to 60% joint venture with TSX-listed
                                   Champion Minerals Inc.
                                 • Early-stage exploration property: 1,022
                                   mining claims, approx. 34,348 hectares in
                                   the Labrador Trough region (net 20,609
                                   hectares to the company)
                                 • Thin overburden with visible outcrops
                                 • Joyce Lake – 2010: drilled 4 holes, 362m
                                   2011: drilled 40 holes, 5,159m 2012: drilled
                                   74 holes 7,217m = 118 holes and 12,738m
                                   to date
                                 • Hayot Lake – 2010: drilled 6 holes 561m
                                   2011: drilled 41 holes totalling 5,725m = 47
                                   holes and 6,286m total to date

Century Iron Mines Corporation                                                    21
Attikamagen – Joyce Lake: DSO
Target 2015 Production           Confirming gradeS & thickness
                                     Selected Composite Assay results
                                   Joyce Lake         From        To      Core*         Grade
                                    Hole No.           (m)       (m)    Length (m)      FE%
                                   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-11-09             2       126       123          46.64
                                    includes             9        18        9           61.26
                                      and               54        69       15           64.80
                                 Total holes assayed: 4
                                 * Core lengths are down whole 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-11-10       3            123        120          42.63
                                    includes       66            78        12           67.70
                                   JOY-11-12       3            156        153          45.12
                                    includes     129            156        27           60.15
                                   JOY-11-14       3             63        60           45.68
                                    includes       15            30        15           64.47
                                   JOY-11-23       2            129        127          50.65
                                    includes       48            81        33           61.15
                                       and       102            114        12           66.28
                                 Total holes assayed: 16

Century Iron Mines Corporation                                                                 22
Joyce Lake (Attikamagen Project)
Section Line 3N


                        59.2%/9.0m   55.3%/93.0   45.6%/30.0m
                                         m




Century Iron Mines Corporation                                  23
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                                                         24
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                                                       25
Full Moon: Potential Taconite
Resource Calculation in progress
                                 Program confirming grades & thickness
                                     Selected Composite Assay results
                                 Rainy Lake [Full Moon]
                                                From      To   Core*    Grade
                                   Hole No.       (m)    (m) Length (m) FE%
                                  RL-11-0001     75.5   318.0  242.5     27.9
                                  RL-11-0002     30.9   372.0  341.1     28.4
                                  RL-11-0003     24.2   248.0  223.8     30.2
                                  RL-11-0004     27.0   228.4  201.4     28.4
                                 Total holes assayed: 8
                                 * Core lengths are down whole length and not true
                                  widths of the minerals zones.


                                 More typical grade & thickness
                                     Selected Composite Assay results
                                 Rainy Lake [Full Moon]
                                                From       To   Core*                Grade
                                   Hole No.       (m)     (m) Length (m)             FE%
                                  RL-11-0801     67.2    304.0  236.8                 30.1
                                  RL-11-0401      5.4    323.6  318.2                 29.5
                                  RL-11-0402      4.5    269.4  264.9                 31.0
                                  RL-11-0404     15.0    267.0  252.0                 30.3
                                  RL-11-0004     13.0    285.4  272.4                 30.4
                                 Total holes assayed: 23



Century Iron Mines Corporation                                                               26
Full Moon
Unusual Taconite Thickness!

                                         2.75km                      Section Line 0
         29.0%      31.3%        29.1%    30.4%   30.2%   28.4%   27.9%
         115m       152m         234m     272m    224m    341m    242m




Century Iron Mines Corporation                                                  27
Hayot Lake: Another Potential Taconite

                                    Resource
                                     calculation in
                                     progress
                                    2010: drilled
                                     6 holes
                                     561m
                                    2011: drilled
                                     41 holes
                                     totalling
                                     5,725m
                                    = 47 holes
                                     and 6,286m
                                     total to date




Century Iron Mines Corporation                  28
Hayot Lake Drill Hole Cross-
Section L12S                                                           30.7%                               32.2%
 33.6%                     32.3                                        /104m                               /114m
 /94m                      %/92
                            m




   DDH No               Hay 11-21a                   Hay 11-07                          Hay 10-06                   Hay 11-10
               Length (m)          T Fe %   Length (m)         T Fe %          Thick (m)          T Fe %   Length (m)         T Fe %
     OB           9.00                         10.5                              6.00                           6
     Mss         123.4                         39.7                                                           62.3
     LC          23.00              22.2       23.3             13.9             5.70             21.1         24              19.06
    JUIF         32.30             30.0       31.8             30.14            30.40            30.71        38.9            33.13
    URC          61.30              34.6      41.7             34.06            34.80            34.33       38.50            35.01
    PGC                                        13               32.8            11.80            31.47       14.80            32.42
    LRGC                                       >3              37.05             15.70            27.60      15.60            28.60
     LIF                                                                         42.60            25.40      19.90            25.10
    Depth       249.00                       160.00                             147.00                      220.00
  JUIF-LRGC      93.60                        86.50                              92.70                      107.80

Century Iron Mines Corporation                                                                                                        29
Further Potentials from 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 as 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                             30
Transportation – Iron Projects in Labrador
                         • QNS&L (Common Carrier) runs
Trough                     573km from Schefferville to Sept-
         Adriana                                                               Iles
        (WISCO)                              Full Moon
                          Sunny Lake
                                                                           •   Attikamagen to Schefferville: 15km
                                                                               (from the closest point)
                              Attikamagen           Joyce Lake: DSO        •   Joyce Lake targets 3-5Mtpa DSO
       Schefferville                        Altius
                                                                                  • Using existing Railroad
                                           Projects                                 infrastructures: QNS&L , TSR
                                          Ross Bay                         •   Rainy Lake (Full Moon) targets
                                          Junction
              Labrador City
                                                                               20Mtpa+
                                                                                  • New Railroad required
                                                                                  • Partnership, Producers
              Mont-Wright
                                                                                    Government and Aboriginal


                                                       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                                                                                31
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
                                                                           IOC Port     to 400,000 dwt
                  Multi user Berth
                  By Port of Sept Iles                                                 Main port is over 23.2 m in
                                                                                        depth
                                                                                       Accommodates Capesize or
                                                   Alumina                              larger vessels
                                                   Plant
                                                                                       Fully equipped, can be operated
                                                                                        year-round
                                                                                       50Mtpa expansion plan on
                                                                                        $220M to be completed in 2014
                                         • Natural shelters, deep water for             & supported by federal
                                           year round access by iron ore
                        0    500 m         ships                                        government for $55M & miners
                                         • Ability to expand as required                for over $100M commitments

Century Iron Mines Corporation                                                                                         32
Investment Attractions
 Very high potential upside value underpinning high EV/t & DCF valuations
    –   Successful management track records: mining & capital markets
    –   Capital structure & access supporting capital intensive iron ore projects
    –   Multi-billion tonne resources with infrastructure
    –   Production cash flow + substantial growth
    –   Equity enhancing leverage in place
    –   Potential consolidation
 Essential strategic alignment & alliance between Canadian iron ore
  resource & China
    – Strategic partners’ interest (corp & JV)
    – Over 60% off take sold to China
 Canadian management & capital structure with significant Chinese
  interest
    – Good traction for its currency to peer group (Altius) and market in general
    – Best of both worlds: Canadian image with Chinese support
Solid Fundamentals
    Principal Management & Technical Competence
     Successful business builders and value creators
     Successful mine developers and operators
     Successful capital market expertise & following
    Advanced Exploration and Development Funding
     Fully funded beyond BFS for most advanced project
     Fully funded to build out additional resources
    Production Capital and Financing
     WISCO/MinMetals strategic partnership
     Successful capital market fundraising
    Captive End-user in Largest Market
     60-70% off take in place from Strategic Partners & banker


Century Iron Mines Corporation                                    34
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                             35

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Century Iron Mines Corporation Corporate Presentation

  • 1. Century Iron Mines Corporation Corporate Presentation – September 2012 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 in Context US$ 200  Price level correction over the past year due to 180 very unfavourable international economic & the 160 resulted slowing down of growth in China 140 120  Current price level is still historical high when 100 compared with pre-financial crisis levels 80 Historical annually negotiated benchmark FOB price 60 40 Spot China CIF Iron Ore 20 Fines 62% Fe Spot Price in US$ 0 May-83 May-86 May-89 May-92 May-95 May-98 May-01 May-04 May-07 May-10 Feb-84 Feb-87 Feb-90 Feb-93 Feb-96 Feb-99 Feb-02 Feb-05 Feb-08 Feb-11 Nov-84 Nov-87 Nov-90 Nov-93 Nov-96 Nov-99 Nov-02 Nov-05 Nov-08 Nov-11 Aug-82 Aug-85 Aug-88 Aug-91 Aug-94 Aug-97 Aug-00 Aug-03 Aug-06 Aug-09 Aug-12 14000.00 12000.00 10000.00 8000.00 6000.00 4000.00 2000.00 0.00 Century Iron Mines Corporation Source: Index Mundi, TSI 3
  • 4. Global Crude Steel Growth Trend 2001 - 2021 Mtpa 2500 ROW China India Over the next 10 years:  The world will grow faster in the last 813 2303  China will still grow 90% as much as the last 92 164  Developing economies will contribute over 2000 90% of growth 475  Developing economies driving growth 640 1490 246 1158 1500 51 72 532 683 1000 Other 850 21 57 developing 177 151 economies 500 Developed 981 economies 69 678 735 0 2001 2001-2011 2011 2012-2021 2021 (CRU) Growth Growth (CRU) Century Iron Mines Corporation Source: World Steel Association, CRU, Century 4
  • 5. $10 Billion in Canadian Iron Ore in One Year Acquisitions, Investments, Expansions 1 2 3 4 Century Iron (FER) $240M including investment by WISCO & MinMetals 5 Consolidated Thompson (CLM.TO) $5B acquisition by Cliffs Natural Resources 12 Iron Ore Company (IOC) $1B expansion from 17Mtpa to 25Mtpa at Carol Lake 13 ArcelorMittal (MT) $2.1B expansion from 14Mtpa to 24Mtpa at Mt. Wright 7 Tata (TTM) $300M DSO, $50M (BFS) + $5B (Capex) Taconite investment at Millennium Iron Range 9 Adriana Resources (ADI.V) $120M investment by WISCO 10 Baffinland Iron Mines Corp. (BIM.TO) $600M investment by ArcelorMittal 11 Advanced Explorations Inc. (AXI.V) $50m+$1B investment into Roche Bay TOTAL: $10 Billion + Century Iron Mines Corporation 5
  • 6. Financial Highlights & Capital Structure Financial highlights (June 30, 2012) Cash and cash equivalents $54,437,941 Exploration and evaluation assets $55,122,267 Capital structure (Sept 5, 2012) Shares outstanding 94,864,071 Warrants and options outstanding 8,954,027 Fully diluted 103,818,098 Share Price $1.25 Market capitalization (approximately) $120 million Share structure Founding shareholders and management 53.94% WISCO (approx. 25%) and MinMetals (5%) – Strategic Partners 30.00% Public shareholders 16.06% Total 100.00% Century Iron Mines Corporation 6
  • 7. Structure and Project Overview Corporate Structure Iron Ore Projects Approx. Approx. 3 WISCO 25% 5% International Minmetals Resources Century Iron Exploration & Development Mines Development & Investment Corporation (Luxembourg) Ltd (PRC) (TSX: FER) Limited S.à.r.l  $120M 40% 60% 100% to earn in 40% JVs  Off take: 60% Four projects being  Procure up to acquired from 70% capex by Altius Minerals Inc. debt Joint Venture (TSX: ALS) 4 Labrador Iron Mines Holdings Ltd. Projects Champion 40-49% Augyva Mining 35-49% Minerals Inc. Resources Inc. (TSX: CHM) 56-60% 100% 51-65% (TSXV: AUV) (Note 2) (Note 1) Attikamagen Sunny Lake Duncan Lake James Bay Area Project 2 Project 3 Project 1 Note 1: Currently a 51% interest with an option to increase to a 65% interest under an option and joint venture agreement with Augyva Mining Resources Inc. Note 2: Currently a 56% interest with an option to increase to a 60% interest under an Duncan Lake Option/JV Agreement with Champion Minerals Inc. Century Iron Mines Corporation 7
  • 8. Corporate Vision & Project Profile To become one of the largest iron ore producers in Canada Largest claim holder in the iron Development Product ore camp of Project / Location Target production Canada focus target Labrador Trough  Joyce Lake, DSO:  Lump  3-4 years  Lac Le Fer high grade low  Sinter fines  From 3mtpa  Schefferville W volume DSO  Super fines to 10mtpa Labrador Iron Mines Holdings Ltd. Projects  Rainy Lake Taconite:  Pellets  5-6 years (Full Moon) high tonnage  Concentrate  From 20mtpa  Hayot lower grade & up James Bay Area James Bay  Duncan Lake Magnetite:  Pellets  5-6 years high volume  From 10mtpa lower grade & up Duncan Lake Century Iron Mines Corporation 8
  • 9. 2012-3 Exploration Milestones Meters Approximate Resources Completed up to meters to Project calculation PEA about mid- complete in target August 2012 Published on Duncan 54,306 Q4 / Q1 2013 August 27, 2012 Q3 & further Full Moon 24,117 4,000 2013 updated 2013 Joyce Lake DSO 11,769 1,000 Q4 2013 LLF P3 DSO 826 2,000 2013 2013 Hayot Taconite 6,286 Q3 Altius Gravity, EM, mapping and orientation drilling Century Iron Mines Corporation 9
  • 10. Financing Strategy Illustration An 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 0  Lead order of $900M from partner (top up)  FER valuation supported by BFS & very substantial resources/reserves Century Iron Mines Corporation 10
  • 11. A Winning Formula for Success Corporate Interest JV/Project Interest Market 30% Chinese Strategic 40% Chinese SOEs 60-70% Partners Chinese 70% Canadian & public 60% Century (TSX: FER) off-take investors Up to 70% financing by debt Accretive & capital by end user/banker Equity enhancing Securing success • Financial structure: • Capex requirement to enter production of only 13% • Balance funded by end-user/banker • 60-70% of end product pre-sold • Access to technical competence of major international companies with successful experience in mega-projects • Being a Canadian company with a substantial Chinese interest Century Iron Mines Corporation 11
  • 12. Century Iron Mines Projects 1 Duncan Lake Project • Magnetite • Over 1Bt measured & indicated • Over 500 Mt inferred 2 Sunny Lake Project • DSO & Taconite Potential* • On the same strike with NML & ADI 3 Attikamagen Project • DSO & Taconite Potential* • On the same strike with NML & ADI 4 Altius Project (4) • DSO & Taconite Potential* * The potential quantity and grade is conceptual in nature. There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource. Century Iron Mines Corporation 12
  • 13. Duncan Lake Iron Project Well-Established Infrastructure  10 km south of LG2 regional airport  50 km south of Radisson  LG1 & LG2 of Hydro Quebec within 100 km  120 km (approx.) from James Bay  Highway 109 goes through the property connecting Matagami and Radisson 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 13
  • 14. Duncan Lake NI43-101 Iron Ore Resources Duncan Lake Iron Ore Property Mineral Resources at 16% Fe cutoff (Update August 27, 2012) 2010 Mineral Resource Million DTWR Fe % DT Fe % NI43-101 Class Tonnes % (Mt) Measured 406 23.9 26.8 67.3 5.7 Indicated 645 24.7 28.1 66.9 25.6 Measured & 1,050 24.4 26.5 67.0 31.3 Indicated Inferred 563 24.7 28.0 66.5 821.1 (Note 1: DTWR % is the Davis Tube Weight Recovery; DT Fe % is the Davis Tube Fe Concentrate Grade) (Note 2: Total tonnage may vary due to rounding) (Note 3: The effective date of the mineral resource estimate is August 24 th, 2012) (Note 4: Resource estimate is based on all six Duncan Lake zones) Century Iron Mines Corporation 14
  • 15. Duncan Lake – Exploration Programs • 51% JV and operator of the Duncan Lake Project • Option agreement to earn up to 65% Completed Exploration Programs Magnetic Map of Duncan Lake Area  1973 drilling = 22 boreholes for ■ 99 claims 4,143m on deposits 3, 4, and 6 ■ 4,615 hectares  Completed 54,467m of drilling over ■ 6 banded iron 177 holes (2008-2012) formation deposits  NI43-101 Mineral Resource identified along a Deposit 6 Estimate updated by Met-Chem & 25km belt published August 27, 2012.  Over 30 times in the M+I categories (over 1Bt) than last estimate, with over 500Mt in Inferred In Progress  Preliminary economic assessment by Met-Chem  Completed Environmental Scoping study; now performing Environmental Baseline study  On-going internal logistics study Century Iron Mines Corporation 15
  • 16. Duncan Lake: Canadian Competitive Advantage ABUNDANT WATER AND ELECTRICITY IN THE AREA Water Canada, particularly Quebec, enjoys abundant water, which is important for concentration operations Electricity Located near Hydro-Québec’s James Bay Robert-Bourassa hydro-electric power plant on La Grande River, the world’s 10th largest, which will provide low-cost energy for the project Direct Benefits: • Reduced cost of construction and operation of facilities to supply water and electricity • Long-term competitive advantage for concentration and pelletizing operations Century Iron Mines Corporation 16
  • 17. 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 PROJECT is estimated at US$1.00~1.25 per tonne2  Plan Nord identifies a proposed nearby deep-water port location at Kuujjuaraapik (200km north of Note: 1) Where the pipeline crosses junctions or rivers, it will be constructed 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 17
  • 18. 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 18
  • 19. Schefferville Projects – Location and Geology PROVEN CLASSIC IRON FORMATION IN A MINING CAMP Adrianna (WorldLink & WISCO) Otelnuk MI&I 6.26 Bt @ Deposit* 29.16% Fe (average) Labrador Trough Central Section, Labrador Trough Knob Lake Group Sunny Lake Project Rainy Lake Section Full Moon: Taconite Sokoman Iron Formation, equivalent to Wabush Iron Formation at South Sunny Lake Project New Millennium (Tata Steel) Lac Le Fer Section Prospect 3: DSO MI&I 3.46 Bt @ 31.24% Fe (average) KéMag* Attikamagen Joyce Lake: DSO MI&I 5.13 Bt @ 29.4% LabMag* Fe (average) DSO Projects: Schefferville Century’s Tata Steel investing up to C$300m 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 cannot be relied upon. Century Iron Mines Corporation 19
  • 20. Sunny Lake Iron Project • 530 mineral claims, covering Rainy Lake 25,692 hectares in Labrador Full Moon: Taconite Trough region • On strike from KeMag LaMag deposits (8-9Bt) to the south and Lac Otelnuk (6Bt) to the Lac Le Fer north. • Rainy Lake – 2011: drilled 31 holes 6,387m , 2012: drilled 85 holes 16,866m = 116 holes and 23,253 m to date • Lac Le Fer – in 2011 drilled 2 RC* holes 198m and 5 DDH** Prospect 3: DSO holes 627m *RC – Reverse Circulation **DDH Diamond Drilling * The potential quantity and grade is conceptual in nature. There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource. Century Iron Mines Corporation 20
  • 21. Attikamagen Iron Project • Up to 60% joint venture with TSX-listed Champion Minerals Inc. • Early-stage exploration property: 1,022 mining claims, approx. 34,348 hectares in the Labrador Trough region (net 20,609 hectares to the company) • Thin overburden with visible outcrops • Joyce Lake – 2010: drilled 4 holes, 362m 2011: drilled 40 holes, 5,159m 2012: drilled 74 holes 7,217m = 118 holes and 12,738m to date • Hayot Lake – 2010: drilled 6 holes 561m 2011: drilled 41 holes totalling 5,725m = 47 holes and 6,286m total to date Century Iron Mines Corporation 21
  • 22. Attikamagen – Joyce Lake: DSO Target 2015 Production Confirming gradeS & thickness Selected Composite Assay results Joyce Lake From To Core* Grade Hole No. (m) (m) Length (m) FE% 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-11-09 2 126 123 46.64 includes 9 18 9 61.26 and 54 69 15 64.80 Total holes assayed: 4 * Core lengths are down whole 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-11-10 3 123 120 42.63 includes 66 78 12 67.70 JOY-11-12 3 156 153 45.12 includes 129 156 27 60.15 JOY-11-14 3 63 60 45.68 includes 15 30 15 64.47 JOY-11-23 2 129 127 50.65 includes 48 81 33 61.15 and 102 114 12 66.28 Total holes assayed: 16 Century Iron Mines Corporation 22
  • 23. Joyce Lake (Attikamagen Project) Section Line 3N 59.2%/9.0m 55.3%/93.0 45.6%/30.0m m Century Iron Mines Corporation 23
  • 24. 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 24
  • 25. 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 25
  • 26. Full Moon: Potential Taconite Resource Calculation in progress Program confirming grades & thickness Selected Composite Assay results Rainy Lake [Full Moon] From To Core* Grade Hole No. (m) (m) Length (m) FE% RL-11-0001 75.5 318.0 242.5 27.9 RL-11-0002 30.9 372.0 341.1 28.4 RL-11-0003 24.2 248.0 223.8 30.2 RL-11-0004 27.0 228.4 201.4 28.4 Total holes assayed: 8 * Core lengths are down whole length and not true widths of the minerals zones. More typical grade & thickness Selected Composite Assay results Rainy Lake [Full Moon] From To Core* Grade Hole No. (m) (m) Length (m) FE% RL-11-0801 67.2 304.0 236.8 30.1 RL-11-0401 5.4 323.6 318.2 29.5 RL-11-0402 4.5 269.4 264.9 31.0 RL-11-0404 15.0 267.0 252.0 30.3 RL-11-0004 13.0 285.4 272.4 30.4 Total holes assayed: 23 Century Iron Mines Corporation 26
  • 27. Full Moon Unusual Taconite Thickness! 2.75km Section Line 0 29.0% 31.3% 29.1% 30.4% 30.2% 28.4% 27.9% 115m 152m 234m 272m 224m 341m 242m Century Iron Mines Corporation 27
  • 28. Hayot Lake: Another Potential Taconite  Resource calculation in progress  2010: drilled 6 holes 561m  2011: drilled 41 holes totalling 5,725m  = 47 holes and 6,286m total to date Century Iron Mines Corporation 28
  • 29. Hayot Lake Drill Hole Cross- Section L12S 30.7% 32.2% 33.6% 32.3 /104m /114m /94m %/92 m DDH No Hay 11-21a Hay 11-07 Hay 10-06 Hay 11-10 Length (m) T Fe % Length (m) T Fe % Thick (m) T Fe % Length (m) T Fe % OB 9.00 10.5 6.00 6 Mss 123.4 39.7 62.3 LC 23.00 22.2 23.3 13.9 5.70 21.1 24 19.06 JUIF 32.30 30.0 31.8 30.14 30.40 30.71 38.9 33.13 URC 61.30 34.6 41.7 34.06 34.80 34.33 38.50 35.01 PGC 13 32.8 11.80 31.47 14.80 32.42 LRGC >3 37.05 15.70 27.60 15.60 28.60 LIF 42.60 25.40 19.90 25.10 Depth 249.00 160.00 147.00 220.00 JUIF-LRGC 93.60 86.50 92.70 107.80 Century Iron Mines Corporation 29
  • 30. Further Potentials from 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 as 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 30
  • 31. Transportation – Iron Projects in Labrador • QNS&L (Common Carrier) runs Trough 573km from Schefferville to Sept- Adriana Iles (WISCO) Full Moon Sunny Lake • Attikamagen to Schefferville: 15km (from the closest point) Attikamagen Joyce Lake: DSO • Joyce Lake targets 3-5Mtpa DSO Schefferville Altius • Using existing Railroad Projects infrastructures: QNS&L , TSR Ross Bay • Rainy Lake (Full Moon) targets Junction Labrador City 20Mtpa+ • New Railroad required • Partnership, Producers Mont-Wright Government and Aboriginal 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 31
  • 32. 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 IOC Port to 400,000 dwt Multi user Berth By Port of Sept Iles  Main port is over 23.2 m in depth  Accommodates Capesize or Alumina larger vessels Plant  Fully equipped, can be operated year-round  50Mtpa expansion plan on $220M to be completed in 2014 • Natural shelters, deep water for & supported by federal year round access by iron ore 0 500 m ships government for $55M & miners • Ability to expand as required for over $100M commitments Century Iron Mines Corporation 32
  • 33. Investment Attractions  Very high potential upside value underpinning high EV/t & DCF valuations – Successful management track records: mining & capital markets – Capital structure & access supporting capital intensive iron ore projects – Multi-billion tonne resources with infrastructure – Production cash flow + substantial growth – Equity enhancing leverage in place – Potential consolidation  Essential strategic alignment & alliance between Canadian iron ore resource & China – Strategic partners’ interest (corp & JV) – Over 60% off take sold to China  Canadian management & capital structure with significant Chinese interest – Good traction for its currency to peer group (Altius) and market in general – Best of both worlds: Canadian image with Chinese support
  • 34. Solid Fundamentals Principal Management & Technical Competence  Successful business builders and value creators  Successful mine developers and operators  Successful capital market expertise & following Advanced Exploration and Development Funding  Fully funded beyond BFS for most advanced project  Fully funded to build out additional resources Production Capital and Financing  WISCO/MinMetals strategic partnership  Successful capital market fundraising Captive End-user in Largest Market  60-70% off take in place from Strategic Partners & banker Century Iron Mines Corporation 34
  • 35. 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 35