may 2018 corporate presentation - latin metals inc...• estimated argentina exploration expenditure...

TSX.V: CT | www.centeneramining.com1

May 2018Corporate Presentation

TSX.V: CTOTCQB: CTMIFwww.centeneramining.com


Forward Looking and Cautionary Statements

Forward Looking and Cautionary Statements This presentation contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadianand U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995 concerning the business, operations and financial performance and condition of Centenera Mining Corporation (the"Company"). All statements, other than statements of historical fact, included herein including, without limitation, statements regarding future capital expenditures and financings (including the amount and nature thereof),anticipated content, commencement, and cost of exploration programs in respect of the Company's projects and mineral properties, anticipated exploration program results from exploration activities, the discovery anddelineation of mineral deposits, resources and/or reserves on the Company's projects and mineral properties, and the anticipated business plans and timing of future activities of the Company, are forward-lookingstatements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identifiedby words such as “pro forma”, “plans”, “expects”, “may”, “should”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes”, “potential” or variations of such words including negative variationsthereof, 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 otherfactors 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, the ability of the Company to obtain sufficient financing to fund its business activities and plans, operating and technical difficulties in connection with mineral explorationand development and mine development activities for Company's projects generally, including the geological mapping, prospecting and sampling programs for the Company's projects, actual results of exploration activities,including the 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 ofnew deposits, the availability of a sufficient supply of water and other materials, requirements for additional capital, future prices of precious metals, tantalum and lithium, changes in general economic conditions, changes inthe 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, labourdisputes and other risks of the mining industry, delays in obtaining governmental and regulatory approvals (including of the TSX Venture Exchange), permits or financing or in the completion of development or constructionactivities, 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 ofpending litigation, environmental issues and liabilities, risks related to joint venture operations, and risks related to the integration of acquisitions, as well as those factors discussed under the heading “Risk Factors” in theCompany’s most recent annual management’s discussion and analysis and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company's profile on the SEDARwebsite at www.sedar.com. Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward looking information in this presentationor incorporated by reference herein, except as otherwise required by law.

National Instrument 43-101 Keith Henderson, the President, CEO and Director of the Company, and a Qualified Person as defined by National Instrument 43-101, has approved the scientific and technical informationconcerning the Company discussed in this presentation

Cautionary Note to United States Investors As a Canadian issuer, the Company is permitted to prepare its public disclosures and this presentation in accordance with Canadian securities laws, which differ in certain respectsfrom U.S. securities laws. In particular, this presentation uses the terms “mineral resource”, “measured mineral resource”, “indicated mineral resource” and “inferred mineral resource”. While these terms are recognized andrequired by Canadian securities laws, they are not recognized by the United States Securities and Exchange Commission (“SEC”) and are not normally permitted to be disclosed in SEC filings by U.S. companies. U.S. investorsare cautioned not to assume that any part of a “mineral resource”, “measured mineral resource”, “indicated mineral resource” or an “inferred mineral resource” will ever be converted into a “reserve”. In addition, “reserves”reported by the Company under Canadian standards may not qualify as reserves under SEC standards. Under SEC standards, mineralization may not be classified as a “reserve” unless the mineralization can be economicallyand legally extracted or produced at the time the “reserve” determination is made. Accordingly, information contained or referenced in this presentation containing descriptions of the Company’s mineral deposits may not becompatible to similar information made public by U.S. companies subject to the reporting and disclosure requirements of U.S. federal securities laws, rules and regulations. “Inferred mineral resources” have a great amount ofuncertainty as to their existence and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Historicalresults or feasibility models presented herein are not guarantees or expectations of future performance.

Currency All amounts in this presentation are expressed in Canadian dollars, unless otherwise stated.

THIS PRESENTATION IS NOT INTENDED AS, AND DOES NOT CONSTITUTE, AN OFFER TO SELL SECURITIES OF THE COMPANY.

The TSX Venture Exchange has not reviewed and do not accept responsibility for the accuracy or adequacy of this presentation, which has been prepared by the Company.

http://www.sedar.com/


TSX.V: CT

Centenera Mining CorporationPORTFOLIO OF MINERAL RESOURCE PROJECTS IN ARGENTINA

• Focus on advanced Esperanza copper-gold porphyry project

• Located close to existing infrastructure within mining-friendly San Juan Province

• Mineralization outlined at surface and shallow 2006 drilling intersected significant mineralization open in all directions and at depth

• 2018 drill program testing bulk tonnage potential

• Objective to drill, add value and advance to joint venture or sale

Esperanza Copper-Gold Project, Drill Camp


NORTHWEST ARGENTINA

High Ranking Mining Jurisdiction

ARGENTINA IS A FAVOURABLE MINING INVESTMENT DESTINATIONIN SOUTH AMERICA

• San Juan Province ranked #1 in Argentina, #3 in South America

• Salta Province #2 in Argentina, #5 in South America

Source: Fraser Institute ‘Survey of Mining Companies 2017’

www.fraserinstutute.org, February 2018

San Juan

Catamarca

Salta

ORGANULLO

EL QUEMADO

ESPERANZA

EL PENON

CROSBY

TRIGAL

CENTENERA ASSET

http://www.fraserinstutute.org/


Top 50 Global Exploration Countries ranked by EXPLORATION Budget 2017 (US$M) (Argentina ranked #10)

Argentina

Active and growing exploration sector• Estimated Argentina exploration expenditure

of US$160 million in 2017• Approximately 150 active exploration projects

in-country• Only ~20 active copper projects of which 20%

are advanced and controlled by mid-tier to major companies

• Esperanza copper-gold project is an exploration project with mineralization exposed at surface over a large area

ARGENTINA MINING

Exploration Industry in Argentina


ESPERANZA PROJECT

Existing Infrastructure• Within 35km of power lines

• Year round road access

• Elevation between 2,800m and 3,250m – not in the high Andes

• Proximity to infrastructure is critical for mining of bulk tonnage porphyry deposits

• Large gold mines and world class copper deposits in San Juan province

Veladero Gold Mine Gualcamayo Gold Mine2016 production = 544,000 oz 2016 production = 164,265 oz6.7 M oz proven & probable (2016) 754,000 oz proven & probable

2.8 M oz measured & indicated


ESPERANZA PROJECT

Flagship Copper-Gold Project

200m

ALTERATION ANDMINERALIZATION

EXPOSED AT SURFACE

Near surface copper-gold porphyry mineralization

• Alteration and mineralization mapped at surface

• Pyrite halo extending over 1,400m x 850m indicates potential for large mineralized system

• Only 7 drill holes (2,011m) in 2006-2007 tested the extensive outcropping copper-gold porphyry system

• Mineralization open at depth

Centenera acquires Esperanza in 2017

• Option to earn 100% interest for cash payments of US$2.3M over 6 years and issuance of US$0.5M CT stock

• Subject to 2% NSR (right to buy 0.5% for US$1M cash)


ESPERANZA PROJECT

2007 Drilling HighlightsMineralized copper-gold porphyry system

• All holes intersected significant copper-gold

mineralization

• Most holes terminated in mineralization

• Increasing grade with depth in several holes

• System open at depth and in all directions

Drillhole From (m) To (m)Interval

(m)(1) Copper (%) Gold (g/t)Copper

Equivalent(2)

06-HU-01 1 200 199.0 0.25 0.12 0.35%incl. 15 123 108.0 0.32 0.15 0.44%

06-HU-02 2 355.1 353.1 0.35 0.185 0.49%incl. 112 355.1 243.1 0.40 0.21 0.57%

07-HU-05 6 254.5 248.5 0.26 0.17 0.40%incl. 126 244 118.0 0.34 0.22 0.51%incl. 192 244 52.0 0.39 0.32 0.64%

Notes 1. True width is not known 2. Copper equivalent = Copper grade % + (0.795 x gold grade g/t), assuminga copper price of $2.20/lb ($4850/t) and a gold price of $1,200/oz ($38.58/g) and assuming 100% recovery.


ESPERANZA PROJECT

2018 Drill Program Planned Phase I

• Issuance of drill permit

• 40km road repair/upgrade

• Establish drill camp

• Phase I drilling results – partial results returned

Notes 1. True width is not known 2. Copper equivalent = Copper grade % + (0.795 x gold grade g/t), assumingcopper price of $2.20/lb and gold price of $1,200/oz and assuming 100% recovery.

200m

Drill Hole Azimuth DipFrom (m)

To (m)

Interval (m) 1

Copper (%)

Gold (g/t)

Copper Equivalent

(%)2

18-ESP-025280 -67 0 387 387 0.57 0.27 0.78

including 0 368 368 0.59 0.28 0.81including 0 232 232 0.74 0.33 1.00


ESPERANZA PROJECT

Drill Section East-West

East-West Cross Section

• Strong exploration vector towards west

• Exclusively sulphide mineralization

• Potential for additional mineralization to thewest under shallow cover (30-70m)

• All holes open at depth

LIMIT OFEXPOSED

MINERALIZATION

TARGETOPEN

TARGETOPEN

TARGETOPEN

WEST EAST


ESPERANZA PROJECT

Drill Section North-South

North-South Cross Section

• Northern target area open. Previous drill holes 010 and 011 were abandoned and did not test target

• All drill holes open at depth

• Potential to expand mineralization

LIMIT OFEXPOSED

MINERALIZATION

NORTH SOUTH

TARGETOPEN

TARGETOPEN

TARGETOPEN

TARGETOPEN


ESPERANZA PROJECT DRILLHOLE 18-ESP-025

Comparison with Global Copper Projects

Comparison of Esperanza 18-ESP-025 drill results with global top 10 copper drill intersections, Q1 2018. Drill hole 18-ESP-025 would be ranked #3. Ranking is achieved by multiplying copper % by intersection meters. Note that the ranking is of projects where copper is the primary commodity and does not take

account of other commodity credits. Esperanza has significant gold credits.

Global top 10 copper drill intersections, Q1 2018

Q1 2018 Ranking1 Company Project

Copper (%)

Drill Intersection (m)

Copper (%) x (m) Thickness

Depth to Top of Intersection

Location

1 Nevsun Resources Timok 0.77 847 652 1354 Serbia2 SolGold Cascabel 0.54 824 445 736 Ecuador

#3 Centenera Mining Esperanza 0.57 387 221 surface Argentina4 Orion Minerals Prieska 2.39 81.6 195 152 South Africa5 Orla Mining Cerro Quema 1.54 124.5 192 75 Panama6 Xanadu Mines Kharmgtai 0.26 623.5 162 324 Mongolia7 Sierra Metals Yauricocha 1.48 99 147 337 Peru8 Venturex Resources Sulphur Springs 3.64 40 146 158 Australia9 Surge Copper Ootsa 0.27 537 145 350 BC, Canada

10 Ero Copper MCSA Mining Complex 6.3 22.9 144 158 Brasil


TACA TACA PORPHYRY DEPOSIT, SALTA

• Taca Taca acquired by First Quantum in June 2014 (purchased Lumina Copper for US$470 million).

• Resource at Taca Taca:Indicated - 2.165 Bt @ 0.44% Cu, 0.013% Mo, 0.08 g/t Au; Inferred - 0.921 Bt @ 0.37% Cu, 0.012% Mo, 0.05 g/t Au

• Using same price assumptions as CT uses for Esperanza copper equivalent grades, Taca Taca grades are 0.49% CuEq (Indicated) and 0.44% CuEq (Inferred)

ALTAR PORPHYRY DEPOSIT, SAN JUAN

• Stillwater purchased Altar in June 2011 (purchased Peregrine Metals for US$487 million). 2017 Stillwater purchased by Sibanye.

• Inferred Resource (published 2010) 802 Mt @ 0.42% Cu and 0.059 g/t Au (0.46% CuEq)

Readers are cautioned that Taca Taca and Altar are adjacentproperties and that Centenera has no interest in or right to acquire anyinterest in either deposit, and that mineral deposits on adjacent orsimilar properties, and any production therefore or economics withrespect thereto, are not in any way indicative of mineral deposits onCentenera’s properties or the potential production from, or cost oreconomics of, any future mining of any of Centenera's mineralproperties.

View of historical drilling at the Taca Taca project

ESPERANZA PROJECT

Argentina Copper Project Transactions


ESPERANZA PROJECT

2018 Drilling Photographs


ESPERANZA PROJECT

2018 Drilling Photographs

18-ESP-025 at 15.8m; 1.28% copper, 0.61g/t gold

18-ESP-025 at 9.35m; 1.08% copper, 0.55g/t gold18-ESP-025 at 23.2m; 0.9% copper, 0.46g/t gold


CENTENERA MINING

Additional Projects & StrategyOrganullo Gold Project

• Epithermal gold deposit with 8,000m of historical drilling

• Centenera strategy to option majority interest to a joint venture partner

• Aiming for partner-funded drilling or asset sale to generate non-dilutive cash

Project PipelineNon-core Assets / Option Value

• El Penon Gold Project – grassroots exploration

• Mina Angela Gold Project – option value (former producer in Chubut Province)

• Trigal Gold Project – grassroots exploration

• Crosby Property – option value (contiguous with Pirquitas mine site)

• Exploration Dataset – option value

El Quemado Lithium Project

• Land position in pegmatite district -- first-mover exploring for hard-rock lithium in Argentina

• Property-wide mapping and sampling underway

• Aiming to explore, add value and farm out the project or sell asset

Organullo Gold Project


CENTENERA MINING

Management & Board

International Management Team

Keith Henderson Director, President, CEO25 years of experience throughout Africa, Europe, and North & South America

Stephen de Wit Exploration ManagerProfessional geologist with more than 25 years’ experience

Mario Castelli President (Argentina)Lawyer with 25 years’ experience in criminal law and the resource sector

Dr. Marcelo Lopes Aria Director (Argentina)Lawyer and employed by the Ministry of International Relations for Province of Salta

Lic. Fernanda Ines Gonzales Director (Argentina)Lecturer at Universidad National de Salta, editor of Claves (political magazine)

Blaine Bailey Chief Financial OfficerCertified General Accountant with over 20 years of experience

Board of Directors

Keith Henderson President, CEO25 years of experience throughout Africa, Europe, and North & South America

Henk van AlphenMining executive with 35 years experience

Anne LabelleGeologist, lawyer and VP Legal and Sustainability for Midas Gold

Stephen PearcePracticing lawyer, specializing in corporate and securities work

Robert KoppleInvestor & lawyer


CENTENERA MINING

Capital Structure

Issued & Outstanding 72,359,963

Fully Diluted 84,564,2697

TSX.V: CT – One Year Chart

Share Price (Feb 14/18) $0.16

Market Capitalization $12M

Management & Board ~10%

Cardero Resource Corp ~26%

KF Business Ventures ~39%(Fully Diluted)


Centenera Mining Corporation2300-1177 West Hastings StreetVancouver, BC, V6E 2K3

Phone: 604-638-3456E-mail: [email protected]

may 2018 corporate presentation - latin metals inc...• estimated argentina exploration expenditure...

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