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Forward Looking Statements
• Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-
looking statements. Forward-looking statements 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-looking statements 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-looking statements. There can be no assurance that such forward-looking statements will prove to be accurate, as
actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers
should not place undue reliance on such statements.
• The Company does not undertake to update any forward-looking statements that are incorporated by reference herein,
except in accordance with applicable securities laws. For a description of material factors that could cause the Company’s
actual results to differ materially from the forward-looking statements, please review the Company’s Annual Information
Form and Financial Statements filed on www.sedar.com.
• The Qualified Person (QP) for projects is Michael Bennell, Vice President Exploration of the Company.
2 TSX-V: LRA November 2014
General Overview
• TSXV listed mineral exploration company active in Brazil, Peru, Colombia and Chile.
• South America-based management team that has a track record of exploration
success.
• Multi-commodity mineral property portfolio: precious metals, base metals,
industrial minerals, agricultural commodities and coal.
• Prospect Generator business model with exploration funding mainly derived from
joint ventures and partnerships.
• Recent success at Liberdade (Brazil) in partnership with Codelco, with significant
near-surface copper-gold mineralization intercepted in drilling.
• Exchange ticker symbol: LRA.V
3 TSX-V: LRA November 2014
Management and Directors
4
Management Directors
Miles Thompson (President & CEO) Lara founder with +25 years in exploration globally. Previously Manager of Business Development for Gold Fields. Founder and Chairman of Reservoir Minerals. Michael Bennell (VP Exploration) +30 year track record with multiple discoveries in Australia, Brazil and Africa. Previously with BHP Billiton and AngloGold. Christopher MacIntyre (VP Corporate) +6 years in public markets and the resource sector. Commerce and Business graduate Queen’s University. Helio Ikeda (Project Manager Brazil) Lara founder, with +30 years experience of exploration in Brazil. Worked previously for Vale, Billiton and Barrick. Carlos Caceres (Exploration Director Colombia) +30 years experience in coal, metals and oil and gas exploration in Colombia. Carlos Theune (Exploration Manager Chile) +30 years experience in industrial minerals exploration in Chile and internationally.
Michael Winn (Director) Geologist +30 years in oil and gas and mining. Director of several listed exploration companies. Byron King (Director) Geologist and lawyer following the resource industry +30 years. Served in the U.S. Navy, graduate of Harvard, U.S. Naval War College and Pittsburgh. Christopher Jones (Director) Member of the Institute of Canadian Chartered Accountants and Institute of Chartered Financial Analysts of Ontario. Vice President of Duff & Phelps. Adrian Calvert (Director) +15 years in resource industry. Founder of WindRose Capital Ltd. Holds law degree from the University of Queensland and an MBA from Insead. Geoff Chater (Director) +20 years in the industry, President & CEO of Luna Gold, previously First Quantum. Geology graduate Texas Christian University. Andre Gauthier (Director) +30 years in exploration and mining globally, previously for Falconbridge and Cambior.
TSX-V: LRA November 2014
Share Capital and Sustainability
5
Metric Value
Market Capitalization CAD$15 M
Cash & Marketable
Securities ~CAD$1.5 M
Payments due from
Partners (est. 2015-2016) ~CAD$2.0 M
2015 Budget CAD$1.5 M
Insider Ownership ~10% shares
Category Number Percent
Outstanding 30,519,687 82%
Options 3,390,000 7%
Warrants 4,083,135 11%
Fully Diluted 37,019,697 100%
TSX-V: LRA November 2014
Source: Brent Cook – Exploration Insights
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Time
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Concept Pre-discovery Discovery Feasibility Development Startup Deplete
Speculators Leave
Orphan Period
Institutional Investment
Sold to a Miner
Full Value
Timelines for Exploration and Development
6
TSX Venture Exchange 2001-Present
2011 Commodity Price Peak
2007 Market Peak
• The last bear market ran from 1997 to about 2002
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12/25/01 5/9/03 9/20/04 2/2/06 6/17/07 10/29/08 3/13/10 7/26/11 12/7/12 4/21/14
TSX-V: LRA November 2014
Joint Ventures, Alliances and Royalties
9
Country Partner Project Commodity Lara % Cash $m Expl $m Shares m Royalties
Brazil Codelco Liberdade Copper 25% 3.30 2% NSR
Brazil Tessarema Curionopolis Copper-Au Royalty 2.00 1.00 2 - 5% NSR
Brazil Aguia Sergipe Potash Shares 0.50 1.50 19.0
Brazil Paradigm Canindé Graphite 20% 0.70 4.50 2% NSR
Brazil Vertical Curionopolis Iron Royalty 0.80 5.00 $0.75 -
$1.5/t
Peru Aruntani Grace Gold Royalty 2.00 0.50 0.75-1%
NSR
Peru Redzone Lara-Tingo Copper 45% 0.85 1% NSR
Peru Hochschild Corina Gold Royalty 4.15 2.00 2% NSR
Chile Kiwanda Bahia Inglesa Phosphate Shares 0.77 5.00 2% NSR
Colombia Kiwanda Carbhid Coal Shares 2% NSR
Colombia Kiwanda Pelaya Coal Shares 2% NSR
Totals 11.12 22.80
TSX-V: LRA November 2014
Liberdade Copper - Brazil
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• The Carajás is one of the
most prolific mining
districts in the world. Vale
SA operates its richest iron
mines here, in addition to
producing copper, gold,
nickel and manganese.
• Liberdade has unpaved
road access from Tucumã
and landing strip for light
aircraft on-site.
• Mineral rights are within
farm land cleared for cattle
grazing, with only
secondary growth forest
cover
TSX-V: LRA November 2014
Liberdade Copper - Fortuna Target
11
Liberdade Table 1 - Best Intercepts - 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
• Potentially large open pittable Carajás-type IOCG system with a 1200 x 350m surface footprint. • Codelco funding drilling to earn 51% and must deliver a minimum compliant resource of 500,000t of
contained copper to raise that to 75%. • Currently awaiting license renewal for next phase of drilling
Open Pit Potential
TSX-V: LRA November 2014
• Also located in the Carajás district
close to operating iron and copper
mines.
• Artisanal workings exposed high-
grade copper-gold veins.
• Codelco drill holes include: 53.8m
at 9.59% Cu & 29.05m at 4.56%
Cu.
• Codelco work found small high
grade deposit that is being
developed with a new partner
Tessarema. Lara receives cash and
royalties.
Curionopolis Copper - Brazil
12 TSX-V: LRA November 2014
13
• Iron formations extend for over
10km within the property
• Pilot mining license and
permitting in place for small-
scale production
• Final Exploration Report with
Resources and Reserves filed
with the Brazilian Dept of Mines
• Vertical currently working to
secure environmental permits
and Mining License
• Lara gets cash and royalties.
Minimum royalty payments
start in 2015
Vertical Iron - Brazil
TSX-V: LRA
Corina Gold - Peru
• Low sulphidation epithermal
veins targets close to Hochschild
owned 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 royalty
14 TSX-V: LRA November 2014
15
• Mineralized footprint 2km by
0.5km. Oxide resource over a
mid-sized porphyry
• Attractive because low altitude,
close to infrastructure and the
coast.
• Purchase by Minsur of a 70%
interest in the nearby Marcona -
Mina Justa deposit for $505 million
establishes valuation target
benchmark
Lara Copper - Peru
Bahia Inglesa Phosphate - Chile
16
• Large historical phosphate resource in
northern Chile, close to port and already
producing on a small scale.
• Lara and partner Kiwanda have an option to
acquire the 6,100 hectare producing Bifox
mine.
• Lara and partner Kiwanda also hold 16,500
hectares of 100%-owned licenses where
drill permits have been secured.
Historic Phosphate Resource
TSX-V: LRA November 2014
Carbhid and Pelaya Coal - Colombia
17
• Lara and partner Kiwanda own
19.9% of Carbhid SAS, operator
of the Escalones underground
coal mine in Colombia.
• Plus the option to acquire the
Pelaya claim which has the
potential for a large-scale
resource that could be mined
from open-pit
• ASX listing of the coal and
phosphate into Phillips River.
Lara gets 50% of the vend, cash
and royalties on production.
TSX-V: LRA November 2014
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5/28/05 10/10/06 2/22/08 7/6/09 11/18/10 4/1/12 8/14/13
Lara Price Chart 2006-Present
Pan Brazilian acquisition and $2.5m Financing
Nickel Discovery in Brazil
$5m from sale of Phosphate
Project in Peru
Maxy Peru acquisition
Copper Discoveries in Brazil
$5m Financing
Sale of Non-Core Assets to Raise
Finance 2013-14
Looking for Acquisitions
Again!!
18 TSX-V: LRA November 2014
Investment Case for Lara
19
• Business model substantially increases the probability of success, while
reducing the cost of failures
• Treasury sufficient for 2014-15 budget, subject to additions from
payments from JV partners and sale of marketable securities
• Management team with deep roots in South America, multiple discoveries
and significant ownership in the Company
• Focus on larger discoveries of interest to miners where even minority
interest generates order of magnitude returns for shareholders; potential
near term catalyst the Liberdade discovery with Codelco in Brazil
• Also building a portfolio of self-created royalty interests
• Despite substantial growth and maturity of the portfolio, Lara’s price today
is similar to 2006 start and the 2008 crash
TSX-V: LRA November 2014
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