FEBRUARY 2017 Corporate Presentation TSX.V: CT www.centeneramining.com 1 TSX.V: CT | www.centeneramining.com
Forward Looking and Cautionary Statements Except for the statements of historical fact contained herein, the information presented on this website and the information incorporated by reference herein, constitutes “forward looking information” within the meaning of applicable Canadian securities laws concerning the business, operations and financial performance and condition of Centenera Mining Corporation (“the Company”). All statements, except for statements of historical fact, that address activities, events or developments that management of the Company expects or anticipates will or may occur in the future including such things as future capital expenditures (including the amount and nature thereof), business strategies and measures to implement strategies, competitive strengths, goals, expansion and growth of the business and operations, plans and references to the future success of the Company, and such other matters, are forward looking statements. Often, but not always, forward looking information can be identified by words such as “pro forma”, “plans”, “expects”, “may”, “should”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes”, “potential” or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward looking information. Such risks and other factors include, among others, operating and technical difficulties in connection with mining development, actual results of exploration activities, estimation or realization of mineral reserves and mineral resources, the timing and amount of estimated future production, costs of production, capital expenditures, the costs and timing of the development of new deposits, the availability of a sufficient supply of water and other materials, requirements for additional capital, future prices of metal, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, possible variations in ore grade or recovery rates, possible failures of plants, equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, changes in laws, regulations and policies affecting mining operations, hedging practices, currency fluctuations, title disputes or claims limitations on insurance coverage and the timing and possible outcome of pending litigation, environmental issues and liabilities, risks related to joint venture operations, risks related to the integration of acquisitions, as well as risks and uncertainties discussed in the latest Management Discussion and Analysis Reports and Financial Statements (refer to the Financial Section on the Company’s website under Investors, and company filings on www.sedar.com). Shareholders are cautioned not to place undue reliance on forward looking information. The Company undertakes no obligation to update any of the forward looking information on this website or incorporated by reference herein, except as otherwise required by law. 2 TSX.V: CT | www.centeneramining.com
Investing in Argentina & Centenera 100% ARGENTINA-FOCUSED RESOURCE COMPANY EXPOSURE TO BASE METALS, PRECIOUS METALS AND SPECIALITY METALS >60% OF STOCK WITH SUPPORTIVE SHAREHOLDERS SEEKING TO ACQUIRE ADDITIONAL MINERAL PROJECTS Centenera’s Huachi Copper-Gold Project Centenera’s 100%-owned Organullo Gold project 3 TSX.V: CT | www.centeneramining.com
Investment Attractiveness in Argentina Northwest Argentina, Chile and Peru are stand- • out jurisdictions for mining investment in South America In northwest Argentina, the Provinces of Juyuy, • Salta, Catamarca and San Juan provide safe investment climates Salta Province is ranked #1 jurisdiction in • Argentina (Fraser Institute 2016) San Juan Province also has a high level of • investor confidence as a mining destination Centenera prioritizes low-risk, mining-friendly • Provinces for acquisitions Source Fraser Institute ‘Survey of Mining Companies 2015’ www.fraserinstutute.org, March 2016 Source: Fraser Institute Survey of Mining Companies 2016 4 TSX.V: CT | www.centeneramining.com
Summary of Current Projects 1. HUACHI COPPER-GOLD PROJECT – San Juan Province Established copper-gold porphyry scheduled for drilling in 2017 Best intersection from surface is 353m grading 0.49% copper equiv 2. EL QUEMADO PROJECT – Salta Province Pegmatite lithium project centered on historical mining operations 3. ORGANULLO GOLD PROJECT – Salta Province Gold deposit with a JORC-compliant geological target size ranging from 600,000 ounces at 0.94g/t gold (19.8Mt) to 940,000 ounces at 0.92g/t gold (31.6Mt), using a 0.5g/t cut-off grade 4. MINA ANGELA GOLD PROJECT – Chubut Province Former gold mine produced 150,000 ounces of gold to 1992 Alteration outcropping at Hauchi 5. EL PENON GOLD PROJECT – San Juan Province Early-stage gold exploration project 6. CROSBY PROPERTY – Jujuy Province Strategic land position contiguous with the operating Pirquitas Mine It should be noted that the Organullo potential exploration target quantities and grades are conceptual in nature, that insufficient exploration and geological modelling has been done to define a mineral resource, and that it is uncertain if further exploration will result in the delineation of a mineral resource. Copper equivalent = Copper grade % x (0.795 x gold grade g/t), where the conversion factor of 0.795 is calculated by comparing the value of 1 tonne of copper ore (at copper prices of $2.20/lb ($4,850.16/t)) to the value of 1 tonne of gold ore (at $1,200/oz ($38.58g/t)) and assuming 100% recovery. 5 TSX.V: CT | www.centeneramining.com
1. Huachi Copper-Gold Project OVERVIEW Project acquired Q1 2017 • Historical drilling defined part of the • outcropping copper-gold porphyry system Alteration and mineralization mapped at • surface. Zone with >3% pyrite halo mapped over 1,400m x 850m Only 7 drill holes testing the extensive system • with mineralization open No additional exploration drilling required • before drill testing Centenera plans to drill test in early 2017. • Satellite image of the Huachi copper-gold porphyry system. Copper mineralization show in green and gold mineralization shown in red on drill traces. The known epithermal gold system (red oval outline) in the east is not of immediate interest. Centenera plans to drill test the copper-gold system (green oval outline) abd the area to the west. Note the extensive area of pale-coloured alteration seen at surface and disappearing under cover to the west, where additional drill testing is planned. 6 TSX.V: CT | www.centeneramining.com
Huachi Copper-Gold Project HISTORICAL DRILLING All drill holes targeting porphyry-style mineralization • intersected significant copper-gold Most holes terminated in mineralization • Several holes increasing in grade with depth • System open to west and north toward untested • ground (see map) and open at depth Historical Drilling Highlights. 1 True width is not known. 2 Copper equivalent = Copper grade % x (0.795 x gold grade g/t), where the conversion factor of 0.795 is calculated by comparing the value of 1 tonne of copper ore (at copper prices of $2.20/lb ($4,850.16/t)) to the value of 1 tonne of gold ore (at $1,200/oz ($38.58g/t)) and assuming 100% recovery. 7 TSX.V: CT | www.centeneramining.com
Huachi Copper-Gold Project Drilling at Huachi COMMERCIAL TERMS Right to earn a 100% interest subject to 2% • NSR. Additional option to buy 0.5% of NSR for US$1 • million at any time. Option cash payments US$2.3 million over 6 • years plus stock valued at US$0.5 million. 8 TSX.V: CT | www.centeneramining.com
2. El Quemado Tantalum – Lithium Project Lithium minerals (lepidolite) in outcrop OVERVIEW Historical underground access Excellent land position in Argentina’s premier • pegmatite district Includes several small-scale former producing • mines Pegmatite vein swarm Exposure to Tantalum and Lithium markets outcropping on hillside • Lepidolite vein 9 TSX.V: CT | www.centeneramining.com
El Quemado Project GEOLOGY District with rare element class granitic • pegmatites (lithium sub-class) Despite historical production, no modern • exploration has been completed Work in 2016 will focus on mapping, • prospecting and sampling HISTORICAL PRODUCTION Project includes historic El Quemado mine • Historical production of concentrates with • average grades 39.65% tantalum, 20.98% niobium, 61.46% bismuth. The Company cautions that the grade of concentrates is El Quemado claims and historical producing sites. derived from private mining company records The project comprises 19 claims totaling approximately 8,000 hectares. that are historical in nature. 10 TSX.V: CT | www.centeneramining.com
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