Magellan Minerals is nearing completion of a feasibility study in April 2015 for its Coringa high-grade gold project in Brazil. The preliminary economic assessment shows positive economics for a 750 tonne per day underground mine producing an average of 51,000 ounces of gold per year at operating costs of $531 per ounce. The post-tax internal rate of return is estimated at 27% at a gold price of $1250 per ounce. Upon completion of permitting and construction, estimated at 18-24 months, initial production at Coringa is expected to be 50,000 ounces of gold per year.

1. MARCH 2015
Coringa – high grade gold in Brazil
Nearing Completion of Feasibility Study (April 2015)
TSX-V: MNM | www.magellanminerals.com

2. Strategy
3
Forward Looking Information
The material presented herein is private and confidential. The contents are not to be reproduced or distributed
to any third party, including the public or press.
Certain statements contained in this presentation constitute forward-looking statements. These statements
relate to future events or the Corporation's future performance, business prospects or opportunities. All
statements other than statements of historical fact may be forward-looking statements. Forward-looking
statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan",
"continue", "estimate", "expect, "may", "will", "project", "predict", "potential", "targeting", "intend", "could",
"might", "should", "believe" and similar expressions. These statements involve known and unknown risks,
uncertainties and other factors that may cause actual results or events to differ materially from those
anticipated in such forward-looking statements. The Corporation believes that the expectations reflected in
those forward-looking statements are reasonable, but no assurance can be given that these expectations will
prove to be correct and such forward-looking statements should not be unduly relied upon. These statements
speak only as of the date specified. The Corporation does not intend, and does not assume any obligation, to
update these forward-looking statements.
These forward-looking statements involve risks and uncertainties relating to, among other things, results of
exploration activities, the Corporation's limited experience with development-stage mining operations,
uninsured risks, regulatory changes, defects in title, availability of materials and equipment, timeliness of
government approvals, changes in commodity and, particularly, gold prices, actual performance of facilities,
equipment and processes relative to specifications and expectations and unanticipated environmental impacts
on operations. Actual results may differ materially from those expressed or implied by such forward-looking
statements.
Qualified person
John Kiernan P.Eng, Magellan’s VP Project Development and a "qualified person" within the definition of that
term in NI 43-101, has reviewed the technical information contained in this presentation
Preliminary Economic Assessment
Certain financial information contained in this presentation is based on a Preliminary Economic Assessment
contained in a report entitled “NI 43-101 Technical Report Coringa Project State of Para Brazil”, dated February
12, 2015 and available on the Sedar website at www.sedar.com. The Preliminary Economic Assessment is
preliminary in nature, includes inferred mineral resources that are considered too speculative geologically to
have the economic considerations applied to them that would enable them to be categorized as mineral
reserves, and there is no certainty that the Preliminary Economic Assessment will be realized. This presentation
also describes mineral resources on the Coringa Project. Mineral resources are not mineral reserves and do not
have demonstrated economic viability2

3. Strategy
3
Magellan Minerals
Coringa at a Glance
3
Positive
economics
750t/d underground mine producing an average of
51,000oz/yr. Operating costs of US$531/oz. Post-
tax IRR of 27% @US$1250/oz2
Short time frame
to production
April 2015
15%
35%
50%
Management Institutional Retail
Shareholders
include Sprott, CIBC,
Newmont, Kinross &
Sandstorm Gold
Share structure
164M shares issued
195M shares fully diluted
Market Cap. $13M
Measured and Indicated grade of 7.2g/t1
gold. Estimated Capex of US$65M2
High grade / low
capex
18-24 months to complete project financing,
permitting and construction
Estimated completion date for Bankable
Feasibility Study on high grade Coringa gold
project
1 Assumes 2g/t cut-off; Measured resources of 0.93Mt @ 8.1g/t Au for 242,000oz and Indicated resources of 1.29Mt @ 6.6g/t Au for 274,000oz. Total
Measured and Indicated resources of 2.22Mt @ 7.2g/t Au for 516,000oz + Inferred resources of 2.66Mt @ 4.7 g/t Au for 405,000oz.
2 See Amended PEA (43-101 technical report) filed Feb 2015. Post tax 1RR of 33% @1350/oz and 27% @ $1250/oz

4. Strategy
3
Magellan Minerals
Poised for rapid growth
4
Following completion of BFS at Coringa,
permitting and construction is estimated at
18-24 months. Initial production of 50Koz/yr
Short time frame
to production
Expand
Coringa
Coringa plant is expected to have approx.
200t of unutilized capacity which could
result in increased production within 2 years
Advance
satellite
deposits
Magellan owns the Mato Velho project
located 15km to north. Early drilling suggests
presence of second high grade deposit
Complete bankable Feasibility Study* on
Coringa by end April 2015
Strategy
* Bankable Feasibility Study is 75% complete as of 19 Feb. 2015

5. Strategy
5
Jim Stypula
Chairman
Financier with 25 years of
experience in mining.
Founding director of Far
West Mining
Alan Carter
President & CEO
25 years of experience,
13 with Rio Tinto + BHP
Billiton. Director of
Peregrine Diamonds and
co-founder Peregrine
Metals
John Kiernan
VP Project Development
Mining Engineer with +25
years experience incl. 10
underground. Ex-Inco,
AMEC, Wardrop, PI
Financial and Quadra
Derek White
Director
President & CEO of KGHM
International
+20 years experience
Ex-Quadra, Gencor and
BHP Billiton
Officers and Directors
Dennis Moore Exploration Geologist with +30 years experience most of it in Latin America.
VP Business Development Responsible for discovery of Tocantinzinho deposit, now owned by Eldorado Gold
Paul Hansed 25+ years of accounting and finance experience including 19 years with KPMG in
CFO Canada and Europe
Guillermo Hughes 30 years of experience in the mineral exploration industry including experience in
Chief Geologist Argentina, Peru and Brazil
Mario Szotlender Financier, Director of Endeavour Silver and Radius Gold. 20+ years of experience
Director financing and managing companies in Latin America
Carlos Ulema 30+ years experience of gold projects in Brazil. Ex-Brascan, TVX, Noranda and Vale
Brazil Manager

6. Strategy
3
Why Brazil?
6
$2.2 trillion economy is 6th largest. Total Net
inflows of foreign investment have increased
from $12B in 2003 to $67B in 2011
Economy
Geology
Mining law
Recognized Mining Friendly Jurisdiction.
Vale, Kinross, Anglogold, Yamana are active
Mining friendly
1% government royalty rate on gold.
Transparent title. Competitive tax rates
60% of the country is underlain by
prospective Precambrian shield rocks. Under-
explored using modern technology

7. Mining Law
Strategy
3
Key Land Position in Competitive Belt
Para State and the Tapajos
7
Para has a corporate tax rate of 15.25%2
compared to 34% in other states in Brazil
Tax Incentive
Mining friendly
jurisdiction
Para has major bauxite, iron ore and copper
mines
Improving
infrastructure
BR-163 highway in eastern Para has recently
been paved. PCH Curua hydroelectric power
plant provides power to Novo Progresso
The Tapajos belt is the site of the world’s largest
ever gold rush and produced 20-30Moz of (mainly
placer) gold from 1978 to 19951
Historical
production
1. Source : DNPM
2. This rate incorporates a tax benefit which reduces federal income tax (IRJP) by 75% for qualifying projects in the northern region of Brazil for up to 10 years. The tax
benefit approval deadline has been extended to December 2018 by the Brazilian Federal Government. While this program has been in place since 2000, there is no
guarantee that the program approvals will continue subsequent to December 2018 nor is it certain that the tax benefit will otherwise be ultimately granted to Magellan.

8. Strategy
Recently paved BR-163
Novo Progresso
Coringa
BR-163
Curua
hydroelectric
plant
Located 20km east of main BR-163
highway (recently paved) and mains
power
Access and Power
28,700ha land position located 65km
SE of Novo Progresso, town of 30,000
people
Large Land
Position
Coringa Project
Study is being led by Ausenco with support
from Snowden, Deswick, Kovit, GRE and
Terra. Expected completion April 2015
Feasibility Study
in Progress
138Kv power line
138kV power line
8

9. Strategy
39 Camp at Coringa
of diamond drilling completed across
179 holes to maximum depth of 300m
28,436m
13.5km
of veins mapped to date (9km = 43-101
resource) within granite and rhyolite
host rocks. Good ground conditions.
0.5 - 3.5m
Width of veins. Vertically dipping. All
mineralized zones open at depth
Coringa Project
9

10. Continuity
Strategy
310
Serra long section (grade x thickness)
Mineralized drill core : Serra zone
Coringa Project
5 mineralized zones identified thus
far. 84% of M&I resource confined to
Serra and Meio
Multiple zones
Continuity
Serra and Meio in particular have
good grade continuity for +600m
along strike
Excellent
metallurgy
Test work completed as part of PEA
and BFS show recoveries of 98-99%
(50-60% of which is via gravity)
10
0 200m
Polished section showing gold on surface of pyrite

11. 11
Coringa Resources
Summary Open Pit Resources1, All AreasSummary Underground Resources1, All Areas
1 Updated GRE Resource Statement Feb, 2015
Cutoff
Grade Au
2 gpt
Base Case
Measured
Tonnes 931,000
Grade Au gpt 8.06
Grams Au 7,505,000
Troy Oz Au 242,000
Indicated
Tonnes 1,290,000
Grade Au gpt 6.63
Grams Au 8,551,000
Troy Oz Au 274,000
Measured &
Indicated
Tonnes 2,221,000
Grade Au gpt 7.23
Grams Au 16,056,000
Troy Oz Au 516,000
Inferred
Tonnes 2,660,000
Grade Au gpt 4.73
Grams Au 12,575,000
Troy Oz Au 405,000
Cutoff
Grade Au
1 gpt
Base Case
Measured
Tonnes 18,000
Grade Au gpt 1.22
Grams Au 22,000
Troy Oz Au 1,000
Indicated
Tonnes 227,000
Grade Au gpt 1.33
Grams Au 303,000
Troy Oz Au 10,000
Measured &
Indicated
Tonnes 245,000
Grade Au gpt 1.33
Grams Au 325,000
Troy Oz Au 11,000
Inferred
Tonnes 1,661,000
Grade Au gpt 1.33
Grams Au 2,216,000
Troy Oz Au 71,000

12. 12
Coringa Resources
Summary of Underground Resources1 and different cut-off grades, All Areas
1 Updated GRE Resource Statement Feb, 2015
Resource
Category
Cutoff
Grade Au 1 gpt
2 gpt
Base Case 3 gpt 4 gpt 5 gpt
Measured
Tonnes 1,133,000 931,000 784,000 666,000 561,000
Grade Au gpt 6.90 8.06 9.10 10.10 11.16
Grams Au 7,813,000 7,505,000 7,134,000 6,727,000 6,259,000
Troy Oz Au 251,000 242,000 230,000 217,000 201,000
Indicated
Tonnes 1,796,000 1,290,000 877,000 690,000 593,000
Grade Au gpt 5.18 6.63 8.49 9.82 10.68
Grams Au 9,310,000 8,551,000 7,448,000 6,774,000 6,334,000
Troy Oz Au 299,000 274,000 240,000 218,000 203,000
Measured &
Indicated
Tonnes 2,929,000 2,221,000 1,661,000 1,356,000 1,154,000
Grade Au gpt 5.85 7.23 8.78 9.96 10.91
Grams Au 17,123,000 16,056,000 14,582,000 13,501,000 12,593,000
Troy Oz Au 550,000 516,000 470,000 435,000 404,000
Inferred
Tonnes 3,850,000 2,660,000 1,525,000 1,093,000 843,000
Grade Au gpt 3.74 4.73 6.38 7.52 8.44
Grams Au 14,398,000 12,575,000 9,722,000 8,215,000 7,114,000
Troy Oz Au 463,000 405,000 313,000 265,000 229,000

13. 13
Projected Summary Cash Flow
Cash Flow Breakdown
($,000)
Annual
Average
Life of
Mine
Revenue
Revenue 1
$58,126 $499,883
Royalty 2
$2,438 $20,966
Net Revenue $55,688 $478,917
Direct Operating Costs (“OpEx”)
Mining Costs $6,357 $54,667
Power $5,613 $48,269
Processing $4,365 $37,539
Labor $7,018 $60,359
G&A (and Other) $1,336 $11,492
OpEx $24,689 $212,325
GROSS OPERATING CASH FLOW $30,999 $266,591
Other Costs and Expenses
Sustaining/Replacement/Ongoi
ng Mine Development
$5,524 $47,507
Taxes 3
$3,166 $27,224
Other Costs/Expenses $8,690 $74,831
Net Free Cash Flow $22,765 $191,760
1 Based on Au price of $1250/oz and GRE Preliminary Economic Assessment Model of initial 8.6 year mine life
2 Royalties = Government and landowner royalties (1.5%), Sandstorm royalty (2.5%), Surface Rights Payment ($5k/month), and Exploration Permit Fee ($1.67/hectare)
3 Net Tax Rate is estimated at effective 15.25%. This rate incorporates a tax benefit which reduces federal income tax (IRJP) by 75% for qualifying projects in the
northern region of Brazil for up to 10 years. The tax benefit approval deadline has been extended to December 2018 by the Brazilian Federal Government. While
this program has been in place since 2000, there is no guarantee that the program approvals will continue subsequent to December 2018 nor is it certain that the
tax benefit will otherwise be ultimately granted to Magellan.
ROBUST FREE CASH FLOW
Garimpeiro workings at Coringa

14. 14
Projected Operating Highlights and Margins
1 Based on Au price of $1250/oz and GRE Preliminary Economic Assessment Model of initial 8.6 year mine life
2 Steady-state operating years 2-8 inclusive
3 OpEx = Direct operating cash costs, refining charges, and other project-specific costs such as G&A
4 AISC = OpEx plus sustaining costs and royalties
5 Tax Rate estimated at effective 15%
6 AIC = AISCT plus initial capital costs and closure costs
7 Gross Operating Cash flow = Gold price minus OpEx
8 Net Operating Cash flow = Gold price minus AISC
9 Net Free Cash Flow = Gold price minus AISCT
10 Net Investment Margin = Gold price minus AIC
Margins 1
Gross Operating Cash Flow 7 $719/oz.
Net Operating Cash Flow 8 $601/oz.
Net Free Cash Flow 9 $533/oz.
Net Investment Margin 10 $363/oz.
WELL-ABOVE-AVERAGE GRADE,
WELL-BELOW-AVERAGE COSTS, HIGH MARGINS
Costs 1
Average Cash Operating Costs (“OpEx”) 3 $531/oz.
Average All-In Sustaining Costs (“AISC”) 4 $649/oz.
Average AISC Plus Taxes 5 (“AISCT”) $717/oz.
Average All-In Costs (“AIC”) 6 $887/oz.
Production 1
Initial Mine Life 8.6 years
Average Gold Grade 6.7 g/t
Initial Life-of-Mine Gold Production 400,000 oz.
Steady-State Gold Production 2 51,000 oz. p.a.
Average Gold Production 46,500/oz. p.a.

15. 15
Projected Financial Metrics
STRONG FINANCIAL METRICS, LOW BREAKEVEN GOLD PRICE
1 Based on GRE Preliminary Economic Assessment Model of initial 8.6 year mine life and Au price of $1,250/oz.
2 BE = Gold price at which net free cash flow is $0 after AISCT (all-in sustaining costs plus taxes)
3 Debt Assumptions: Principal Amount = entire capex of $65M,, Coupon = 8%, Scheduled Tenor = 6 Years (1 construction, 5 operating), Remaining Reserve Tail =
40%@scheduled maturity, 50% sweep of excess free cash flow after scheduled annual debt service
4 DSCR = Periodic (annual) free cash flow / annual scheduled (Principal + 8% Interest)
5 LLCR = Discounted free cash flow (@8%) during scheduled loan life / Principal
6 LOMCR = Discounted free cash flow (@8%) during initial mine life / Principal
Select Financial Metrics 1
NPV 0% ($,000) $124,297
NPV 5% ($,000) $84,188
NPV 8% ($,000) $65,594
NPV 10% ($,000) $55,002
IRR 27%
Breakeven Gold Price (“BE”) After AISCT 2 $681/oz.
Debt Service Coverage Ratio (“DSCR”) 3,4 1.79x
Loan Life Coverage Ratio (“LLCR”) 3,5 1.62x
Life of Mine Coverage Ratio (“LOMCR”) 3,6 2.37x

16. 16
Projected Capital Expenditures
LOW CAPITAL COST
1 Based on Amended PEA (43-101 technical report) filed Feb 2015
Capital Budget ($,000) 1
Category Pre-Production Life-of-Mine
Permitting $0.7 $0.7
Feasibility Study & Site Investigations $3.2 $3.2
Mine Development $1.9 $26.9
Closure $0.0 $3.1
Mine Equipment $11.6 $11.6
Surface Facilities $46.4 $48.4
Replacement/Sustaining Capital $0.0 $18.5
Working Capital $0.6 $2.6
Total $64.4 $115.0

17. Strategy
312 * Bankable Feasibility Study is 75% complete as of Feb. 2015
Drilling at Coringa
Coringa Feasibility Study
17
• BFS is currently 75% complete and is expected to be
completed during April 2015
• Study is being completed by group of leading
engineering firms with extensive Latin American
experience including :-
• Ausenco is responsible for the overall study
compilation, mill design and site infrastructure
• Snowden is responsible for Resources, Reserves and
underground geotechnical work for the mine plan
• Deswik is completing the mine plan
• Kovit is accountable for the design and costing of the
tailings and backfill
• Global Resource Engineering is responsible for
hydrogeology and the site water balance
• Terra is responsible for environmental aspects

18. Strategy
312
Coringa Feasibility Study
18
• Resources - completed
• Mine plan - mine infrastructure and stope plan in progress
• Geotechnical - geotechnical analysis completed - ground
conditions in country rock and vein are good, and confirm
proposed use of resue mining to reduce dilution.
• Plant - the mill design incorporating conventional crushing,
grinding, gravity and CIL, is complete. Expected mill
recoveries of 96%.
• Environmental - completed. No significant environmental
issues are envisaged.
• Tailings - testing for process tailings dewatering and
rheology has been completed. Tailings thicken well and
readily consolidate to form a dense and stable deposit.
Suitable for supplying backfill to the mine.
• Groundwater - groundwater modeling and water balance
work in progress
• Acid rock drainage - testing in progress. No issues of
concern are anticipated
• Power supply - completed. Grid power is the preferred
option
• Camp - general site layout completed
• Financial Model - work is ongoing in all areas on capital
and operating costs.
Hydroelectric power station at Curua

19. Strategy
314
Map of Coringa showing distribution of
resource blocks, drill holes and gold in soils
Coringa Upside
Of gold-in-soil anomalies (totaling
30km ) on surface remain untested
by drilling
+75%
100% Of ore zones remain open at depth
3
Number of zones that are open along
strike: Serra, Meio, Demetrio
19

20. Strategy
313
Coringa camp
Coringa Permitting
Two approaches are currently being
pursued in parallel; an application for 3
trial mining licenses and a full
environmental license (LP)
Two parallel
approaches
Trial Mining
Licence
Each license allows for the extraction of
50,000t of ore per year and unlimited
development. 6 month process
Full permitting
Three step process commencing with
Environmental License (LP) followed by LI
and LO. Application exp. submission Q2
2015. Est 6 month approval process
20

21. 21
Timeline
2015 2016 2017
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Preliminary License (LP) / LP Application
Operation License Report (LO)
Environmental Evaluation/ Public Audience/ License (LP)
Operation License (LO)
Application/SEMA Audit/LO Issuance
Implementation (Construction) License Report (LI)
Implementation License (LI) Application / LI Issuance
Trial Mining License (Guia) Application
Trial Mining License (Guia) Issuance
Completion of Bankable Feasibility Study
Project Financing
Construction

22. Strategy
315
Mato Velho camp
Mato Velho
Distance from Coringa. Claims consist
of 4,913ha and are contiguous with
Coringa
15km
6km
Strike extent of veins mapped to
date. An additional 2.2km of gold-in
soil anomalies have been identified
13 holes
Completed, totaling 1980m
encouraging intercepts of 8m @ 8.32
g/t gold and 1m @ 18g/t gold
22

23. 1.5 - 2Moz
Strategy
316
Cuiu Cuiu
2Moz from streams
+1.5Moz resource to date
Tocantinzinho
0.2Moz from streams
2.5Moz resource
Cuiu Cuiu Village
Cuiu Cuiu Project
1.5 - 2Moz
Indicated resources of 3.4Mt @ 1.0g/t gold
(100Koz) + Inferred resources of 31Mt @
1.2g/t gold (1.2Moz)
Proximity to
Eldorado
Claims (40,403ha) are contiguous with
Eldorado’s Tocantinzinho deposit
(2.5Moz @ 1.2g/t Au) 25km to east
23
NI 43-101
Resource
Of historic placer gold produced from
Cuiu Cuiu. Largest garimpo in Tapajos

24. 19km
Strategy
317
Jerimum de Baixo 105m @ 0.6 g/t gold
Jerimum de Cima 39m @ 5.13 g/t gold
Central South 27m @ 6.94 g/t,
8m @ 8.40 g/t gold
Central North 39m @ 1.25 g/t gold
Pau da Merenda 47m @ 1.76 g/t,
9m @ 5.07 g/t gold
Ivo 8m @ 2.78 g/t
9m @ 1.47 g/t gold
Stockwork mineralisation at Central
Central deposit at Cuiu Cuiu
Cuiu Cuiu Project
Including 22,070m which was drilled
following resource estimate - two
new zones discovered
48,025m of
drilling
19km
Length of gold in soil anomaly.
Significant drill intersections in 6
zones outside current resources
Open-pit
potential
Mineralization is near surface.
Metallurgical work indicates gold
recoveries of 94-97%
24

25. Strategy
3
Cuiu Cuiu Upside
25
Gold bearing quartz veins
Pau da Merenda
47m @ 1.76 g/t
30m @ 1.1 g/t
9m 5.07 g/t
Jerimum de Cima
39m @ 5.13 g/t
18m @ 1.17 g/t
Jerimum de Baixo
105m @ 0.6 g/t
Incl 41m @ 1.29 g/t
38m @ 0.67 g/t
Ivo
8m @ 2.78 g/t
9m @ 1.47 g/t
Central North
39m @ 1.25 g/t
20m @ 0.59 g/t
Central South
27m @ 6.94 g/t
8m @ 8.40 g/t
Central
Indicated: 3.4Mt @ 1.0g/t; 100,000oz
Inferred: 17Mt @ 0.9g/t; 500,000oz
Moreira Gomez
Inferred: 14Mt @ 1.5g/t; 700,000oz
Gold-in-soil anomaly and drill results from other areas
outside the current resource
Colors in red indicate soils containing +70ppb gold

26. Strategy
321
Investment Summary
Average cash cost: $531/oz2 ,NPV5 of $84M
on 750 tpd underground mine producing
average of 51,000oz per year for 8.5 years
Positive
economics
Feasibility nearing
completion
Feasibility study is 75% complete and should
be complete during April 2015. Permitting is
in progress. Construction expected in 2016
Near term
expansion
Mitigation of underground dilution should
result in significant spare processing capacity
in the plant allowing near term expansion
Coringa is high grade undeveloped gold
deposit in northern Brazil. M&I grade =
7.2gpt1. Low capex cost of US$65M
High grade asset
26
1 Assumes 2g/t cut-off; Measured and Indicated resources of 2.22Mt @ 7.2g/t Au for
516,000oz + Inferred resources of 2.66Mt @ 4.7 g/t Au for 405,000oz
2 Amended PEA (43-101 technical report) filed Feb 2015

27. Strategy
322
Tel: +1 (604) 676-5660
Website: www.magellanminerals.com
E-mail: info@magellanmminerals.com
Corporate Head Office:
Suite 1500 - 409 Granville Street
Vancouver, British Columbia
Canada, V6C 1T2
Chairman: Jim Stypula
President & CEO: Alan Carter
Contact Information
Corporate Council: Morton Law LLP
Auditors: PWC
27