Lara is a prospect generator company operating in South America with a portfolio of mineral projects at various stages of development. It utilizes a business model of funding exploration through partnerships and project sales to limit financial risk. Key projects include the Liberdade copper discovery in Brazil, where Lara is defending its exploration rights in court, and the Curionopolis copper project in Brazil where partner Tessarema is developing the high-grade Maravaia deposit. Lara also has gold and phosphate projects in Peru and Brazil being advanced through partnerships and is seeking to acquire new prospects in 2017.

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 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
already acquired, discovered and sold nickel, phosphate, potash, coal and copper deposits.
• Current mineral property and royalty 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 in Peru and Brazil
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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.
• Lara funds exploration through joint ventures,
partnerships and project sales, thereby greatly
limiting financial risk on any given project.
• Payments from JV partners and proceeds from
the sale of projects have funded activities
through the market slump.
• Having refinancedin 2016, the Lara team is now
well positioned to take advantage of the cyclical
recovery of the commodities markets
4
Prospect Generator Business Model
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Source: International Monetary Fund
May 97 – Feb 99:
-30%
Mar 08– Mar 09:
-48%
Apr 11– Jan16:
-59%
0
50
100
150
200
250
300
Dec-96 Aug-99 May-02 Feb-05 Nov-07 Aug-10 May-13 Jan-16
IMF Metal Price Commodity Index

5. Share Capital and Sustainability
5
Treasury Value
Market Capitalization (as at
January 16, 2017)
~CAD$41.1M
Cash & Marketable Securities ~CAD$3.4 M
Payments due from Partners ~CAD$1.7 M
2017 Budget ~CAD$1.5 M
Share Capital Number Percent
Outstanding 34,212,607 92%
Options & Warrants 2,998,125 8%
Fully Diluted 37,210,732 100%
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 Manager of Business Development for Gold
Fields. Founder and Chairman of Reservoir Minerals, sold
to Nevsun for $512.5 M in 2016.
Michael Bennell (Vice President Exploration)
+30 year track record with multiple discoveries in
Australia, Brazil and Africa. Previously with BHP Billiton
and AngloGold.
Christopher MacIntyre (Vice President Corporate)
+10 years in public markets and the resource sector.
Founder and VP of Corporate Development of Reservoir
Minerals, sold to Nevsun for $512.5 M in 2016.
Commerce and Business graduate Queen’s University.
Helio Ikeda (Advisor Brazil)
Lara founder, with +30 years experience of exploration in
Brazil. Worked previously for Vale, Billiton and Barrick.
Carlos Caceres (Advisor Colombia)
+30 years experience in coal, metals and oil and gas
exploration in Colombia.
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.
William ConnellSteers (Director)
Managing partner at IMC Brasil, a Director of Petro
Rio SA (a Brazilianoil producer), Indústrias Verolme-
Ishibras S.A. (private manufacturerand repairer of
ships, vessels, and off-shore platforms for oil
explorationand production) and Docas Investimentos
S.A. (private investment company).
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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 49% 2% NSR
Brazil Tessarema Curionopolis Copper-­Au Royalty 0.75 2% NSR
Brazil Vertical Curionopolis Iron Royalty 0.80 $0.75 -­ $1.5/t
Peru Redzone Lara Copper 45% 1% NSR
Peru Hochschild Corina Gold Royalty 4.15 2.00 2% NSR
Peru Apumayo Grace Gold Royalty 2.00 0.50 0.75-­1%
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 8.27 2.50
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9. 2017 Outlook
9
• The Company’s plan is to generate new properties and prospects. The focus is on Brazil and
Peru, 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$0.75m at completion and a 2% NSR production royalty.
• Kiwanda Coal and Phosphate Alliances listing on the ASX. Lara to be repaid $570,000 in
cash, receive vendor shares on completion and retain 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.
• 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
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.
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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 2017.
• 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
12
Please refer to ‘Drilling Intersects 56metres at 16.51% Copper at Curionopolis in Brazil’,Released: June 1, 2015
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13. Maravaia Mine Development - Brazil
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Cone
Crusher
in
place Flotation
equipment
installed
Vibrating
Screen,
Feeder
and
Pumps
in
place

14. Planalto Copper Project - Brazil
14
• 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, expected through 2017
Please refer to “Lara Signs Option to Acquire the Planalto Copper Projectin Northern Brazil” Released: February25, 2013
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15. 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
• Community agreements signed in late 2016,
currently working to secure drilling permit.
15
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
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16. 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).
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17. 17
• 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
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.
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18. Bahia Inglesa Phosphate - Chile
18
• 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.
• Assumed control of Bifox in late 2016.
Surface mapping, sampling and test pits from the 2015 due-diligence program
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19. Coal and Phosphate - Colombia
19
• 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
for cash and shares.
• Iza Phosphate JV - Using the Carbhid
operating team to develop
phosphate mining in the same
district as Escalones.
El Diamante
Mine - Escalones
Phosphate
Bed - Iza
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20. Summary and Conclusions
20
• 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 2017 and beyond, including adding
new prospects like the recently optioned gold and nickel projects 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 Maravaia Copper Project
potentially starting to pay out in 2017.
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21. Contact
21
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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