DIRECT SHIPPING (DSO) IRON ORE

Guinea, West Africa

GUINEA IRON ORE LIMITED W iolimited.com

1100 ave des Canadiens-de-Montreal T 514 868 9635 World class iron ore
Montreal, Quebec, Canada H3B 2S2 F 514 868 9520 in Guinea, West Africa
FORWARD LOOKING STATEMENT

Certain information contained herein regarding Guinea Iron Ore Limited (GIO) a private Canadian corporation,
including managements assessment of future plans and operations, may constitute forward looking statements under
applicable securities law and necessarily involve risks, including but not limited to risks associated with mining
exploration, operating costs, production costs, volatility of share prices, currency fluctuations, imprecision of resource
and reserve estimates, environmental risks and ability to access sufficient capital from internal and external sources.

As a consequence, actual results may differ materially from those anticipated in any forward-looking statements. Plans,
intentions or expectations disclosed in any forward looking statements or information should not be read as guarantees
of future results or events, and will not necessarily be accurate indications of whether or when or by which such results
or events will be achieved.

Except as required by law, GIO expressly disclaims any intention and undertakes no obligation to update any forward
looking statements or information as conditions change.

The historical resource estimates and grades reported in this presentation were taken from reports prepared by Kumba
Iron Ore (subsidiary of Anglo American), and GIO is not permitted to report the results as NI 43 -101 conformable.
Therefore, GIO is required to make the following disclaimer: The resource results and grades reported by Kumba Iron
Ore and subsequently referenced by GIO are to be treated as historical resources and grades and should not be relied
upon. They have not been verified by GIO and are presented for general information purposes only.

GIO AT A GLANCE

GIO is involved in three iron ore properties in Guinea, West Africa. The Company is focused on exploring and

developing a direct shipping (DSO) iron ore operation at its Gaoual property. Gaoual is believed to host a potential
resource of 3 to 5 billion tonnes. Iron ore grades measure as high as 59%.

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- Projects Locations

GAOUAL
Project

GLOBAL AMC
Bauxite Bauxite

ALCAN
Bauxite
RUSAL
Fria BELLZONE
RUSAL Kalia
Kindia

FARANAH BOROKORO
Project Project

BELLZONE KOUYAH
AFRICAN Minerals RIO TINTO
Forecariah Application in
Tonkolili Simandou
Process by GIO

BEYLA
GIOs Properties
VALE Project
Zogota
GIOs ongoing
Licence
Applications BHP
Nimba
Other Companies
Significant Projects
GAOUAL PROPERTY DSO IRON ORE

- Potential to be a 3 to 5 billion
tonne resource.*

- Direct shipping iron ore high

grade potential of up to 59%.

- 40 km strike length, 4 to 6 km
width, up to 30 metres thick.

- Within 100 km of modern, multi-

user rail lines. Significant
excess capacity (85%) exists on
Government rail line.

- Located approximately 200 km

from a port.

- 867 km2 of licensed land.

- Nearest large population centre

is Gaoual (65 km southeast of
the property).

- Located in northwest Guinea

between the villages of Foula
Mori and Dombiadji.

* Non NI 43-101 compliant resource and

reported grades, and should not
necessarily be relied upon.

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- Gaoual Project - Geology
High grade FeT mineralization on surface in Ordovician
structures

37 drill holes made by previous licence holder, in small

area of the permit

Geological mineralized layer dipping at a 15 degrees angle

to the SW

Enriched hematite on surface

XRF handheld field study showing samples with 70+% Fe

on several areas
GAOUAL DRILL HOLE OR4-BH010

7.5m - FeT 51% average

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 GAOUAL DRILL HOLE OR4 CONTINUITY
6m - FeT 57% average

6m - FeT 55% average

7.5m - FeT 51% average

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GAOUAL INFRASTRUCTURE

- A multiuser rail line is

approximately 100 km away
and is accessible via the N.23
national highway.

- Rail line constructed to a

capacity of about 100 million
tonnes per year but present
use is only about 15%
capacity.

- The rail line ends at the port

of Kamsar.

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GAOUAL INFRASTRUCTURE

- Because of the booming mining

industry, Port Kamsar, located
at the mouth of the Rio Nuez
and at the end of the rail line,
has become an increasingly
prominent port.

- Deep water ocean port

providing direct loading onto
ships.

- Port can handle very large

vessels, allowing mining
companies to ship out bulk
quantities without the need to
change carriers.

In response to the growing

Guinean mining industry, this
vessel was designed specifically
for the Port of Kamsar, and has a
capacity of 82,100 MT.
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- Existing and planned rail infrastructure Guinea
MiningInfrastructureprojects:PortsandRailway(DianDian,Transguineen,BHP,
Conakry Nigerandothercrossovers.

Ports en projet (Dian-Dian, BHP, Rio Tinto

Projet Transguineen
Chemins de fer miniers en projet (Dian-Dian, BHP)
Chemins de fer miniers a projeter
Chemin de fer commercial du Niger
Chemin de fer commercial a projeter
- Gaoual Project - Highlights

867km2
Licence
Open pit mining
Characteristics
Low elevation changes

Large scale 40km by 4km in average potential mineralized area

potential deposit 3-5Bt potential

Metallurgy tests with Final product after processing : 68.1% Fe; 0.026% P;
very promising results 0.98% Al2O3; 0.33% SiO2
for a commercial scale Premium product after processing

56$/tonne for DSO material

FOB Price
68$/tonne for premium material

Mining cost 6 to 7$/tonne

150km from available railway

Infrastructure
250km from Kamsar port (including 150km of existing
Advantages
railway)
- China steel demand robust over long term
Significant urbanisation to continue

Chinas cumulative steel consumption per capita

remains well behind developed world

This is despite substantial growth over the last

decade

Rio Tinto estimates 4% annualized growth in steel

demand this decade

Crude steel production in China expected to peak

towards 2030

Source: Rio Tinto

Cost Supply Curve fundamentals kick-in

Rapid recovery in Iron Ore price over

Market history

Source: Platts Price Analyzer

- Gaoual Project - Economical Positioning
Market positioning of GIOs product :
DSO product at 56$/tonne (internal calculation)

Product after process of Phosphorous removal

at 67$/tonne (internal calculation

Note: All this material comes in above

Macquaries Bank long term Iron price

GIO after P removal

GIO DSO

Source: Macquarie Bank, March 2013

- Beyla Project - Information

Licence area of 523km2

Grab samples measure up to 55% FeT.
2012 exploration program includes an
airborne magnetic survey and extensive
bedrock sampling in areas of interest
Only 25 km South of Rio Tinto and
BSGR/Vales deposits (up to 8 billion tonnes)
at Simandou.
Vale paid BSGR (Simandou licence holder)
US$2.5 billion for 51% interest in BSGR in
April 2010.

Iron rich sediments exposed

on the Beyla licence project.
- Faranah Project - Information

Licence area of 573km2

South from Bellzones Kalia project (6.16 billion tonnes of
magnetite averaging 21.8% FeT*) where the China Investment
Fund (CIF) is contributing US$2.7 billion for a 286 km rail to
Kalia
Assay results on grab samples show up to 37% FeT
2012 exploration program includes an airborne magnetic survey
and extensive bedrock sampling in areas of interest
Recent work on the Faranah property located magnetite
bearing schist. Close up of a banded iron formation
with visible hematite crystals.
- Borokoro Project - Information

Licence area of 271km2

Previous information from the government
stating of a 400Mt resource in the South part of
the property
Assay results on grab samples show 42 to
52%Fe and 58 to 75%Fe2O3
OTHER MINING INTERESTS IN GUINEA

A PARTIAL LIST OF Rio Tintos (38.5%), Chinalcos Bellzones Kalia Project has a
MINING COMPANIES (26.85%) and the Government of resource of 6.16 billion tonnes
PRESENTLY IN GUINEA: Guineas (35%) Simandou Project grading 21.8% FeT. The Chinese
has a resource of around 8 billion Investment Fund owns 50% of the
- Bellzone tonnes grading 65% FeT. The local project and holds a 100% offtake
- Benny Steinmetz Group (BSGR) operational vehicle is Simfer SA. agreement. CIF will fund up to $2.7
- BHP Billiton Rios shareholding was purchased billion for infrastructure
- China International Fund (CIF) for $700 million. Chinalcos development. Bellzone plans to
- China Power Investment shareholding was purchased for ship iron ore from its Forecariah JV
- Chinalco (Aluminum Corp of $1.35 billion. Project capital is project in H1 2012 and also has a
China) expected to reach $19 billion. nickel and copper project underway
- Guinea Iron Ore (GIO) called the Sadeka Project.
- Newmont (Euronimba Vales (33.5%), BSGRs (31.5%)
ownership) and Government of Guineas (35%) BHP Billitons Nimba Project has a
- RTZ Simandou Project (Zogota Mine) resource estimated to be greater
- RTZ-Alcan Vales shareholding was purchased than 1 billion tonnes grading 65%
- Rusal for $2.5 billion. FeT. Project capital is expected to
- Sumitomo (Euronimba exceed $2 billion.
ownership)
- Vale

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ABOUT GUINEA
REPUBLIC OF GUINEA
- Gained independence from
France in 1958.
- Guinean law is based on the
French civil law system.
- Official language is French.
Government is a Democratic
Republic.
- A free and clear election was
held on June 27, 2010, resulting
in the election of His Excellency
Professor Dr. Alpha Cond,
who is a past professor of
political science at the University
of Paris. He will serve a seven
year term in office.
POPULATION
- Population of Guinea is
approximately 10 million.
- There are 24 ethnic groups, but
three dominate:
- the Malink
- the Fula
- the Susu
- The groups are harmonious and
there has never been a civil war
in the country.
- The country is 245,857 km2,
or approximately one-quarter the
size of Ontario.
ECONOMY
- The economy is dependent on
agriculture and mining.
- Bauxite and alumina are at present
the only major exports.
- Iron ore is expected to become a
major export product during the
next few years.
- Gold and diamonds are also found
within Guinea.
- Offshore exploration is underway
for oil.
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MINING IN GUINEA

- New Mining Code as of

September 2011.
EXPLORATION LICENCES
- Mining makes up 20% of GDP.

- Guinea is the worlds largest
producer of bauxite with an
estimated 25 to 50% of the worlds
reserves. Guinea exports 15-20
million tonnes of bauxite annually.
- Guinea is slated to produce over
10% of the worlds Iron Ore.
- The Government of Guinea is
planning to build a 340 megawatt
coal fired electrical station near
Boke to service the growing
mining industry.
Exploration Licences are owned 100% by the entity.
Mining Licences include a Government 15% carried interest and the option to
purchase an additional 20%.
For exploration (a prospecting permit):
- Initial three year term, relinquish 50% at end of term.
- Two renewal periods of two years each, 50% relinquishment of remaining
land at end of each term.
Upon conversion to mining concession, exploitation permit issuable for 25
years, with multiple renewable extensions for 10 years each term.

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IRON ORE

Iron ore is rock from which metallic

iron is extracted.

It is often found in the form of:

- magnetite (Fe3O4)
- hematite (Fe2O3)

MAGNETITE HEMATITE

Magnetite is a ferrimagnetic Hematite is a mineral, colored

mineral, coloured black or
brownish-black with a metallic
luster.
It is the most magnetic of all
the naturally occurring minerals
on Earth.
black to steel or silver-gray,
brown to reddish brown, or red.
Huge deposits of hematite are
found in banded iron
formations.

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GLOBAL SUPPLY OF IRON ORE

- Besides oil, iron ore could be the

most important commodity in the
global economy. 1

- Most of the worlds reserves that

contain high-grade iron ore
(60% FeT or more) have already
been depleted.

- Lower-grade sources of iron ore

are currently being mined
around the world as a result of
the declining supply of high
grade.

1 Christopher LaFemina, a mining analyst

at Barclays Capital.
*Calculated by Earth Policy Institute from United States Geological Survey,
Mineral Commodity Summaries 2005 (Washington, DC: U.S. Government Printing Office, 2005). 23
MANAGEMENT BIOS
Joe Metzen Jean Lafleur, B. Sc., M. Sc. Geology, P. Geo.
President VP Exploration, Director

Mr. Metzen is the founder of international shipping, trading and Mr. Lafleur is a geologist with over 30 years of experience in
financing companies. He has over 40 years experience in world- various capacities, both in Canada and internationally (West
wide shipping and infrastructure bringing product to market. His Africa, Ecuador and Mexico), with a range of industry
involvement with Africa spans over 35 years and for the past 10 companies, such as Newmont Mining Corporation,
years his focus has been on the Republic of Guinea. Mr. Metzen Falconbridge Limited, and Placer Dome Inc. He most
was instrumental in causing the issuance of the Guinean recently was Director and Head of Exploration for Champion
exploration licenses to Guinea Iron Ore Limited. Minerals Ltd., a TSX listed company, where he was
instrumental in the advancement of Champions 2 billion
tonne iron ore assets in the Quebec/Labrador iron ore trough.
Michael Baumbach
Mr.Lafleur has led teams in the search for base metals, gold,
Executive Vice President
nickel, iron, titanium, vanadium and uranium. His firm is
currently managing the drilling and exploration program for
Mr. Baumbach is the founder of an Australian and a Canadian
Nevado Resources Inc., at La Blache Quebec, a higher
diamond company and has 35 years experience in the global
grade iron ore, titanium and vanadium project.
diamond industry. He was involved in the alluvial mining of gold
in Ghana, from 1980 to 1985 and in 2005 he founded an
alluvial diamond mining company in Sierra Leone. Mr.
Baumbach is currently on the board of directors of a number of
diamond companies. Mr. Baumbach has been a consultant to
the corporation since its inception and brings with him
extensive, shipping and marketing experience and local
knowledge of mining in West Africa, particularly in the alluvial
diamond mining sector of Sierra Leone, the Democratic
Republic of Congo and Guinea.

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ADVISOR BIO

Dr. Yindong Yang

Advisor

Dr. Yindong Yang is the senior research scientist and the head of steelmaking and chemical analysis laboratory at the
Department of Materials Science and Engineering, the University of Toronto, Dr. Yang received his Master degree from the
Beijing University of Science & Technology in 1981 and his Ph.D. degree from the Royal Institute of Technology, Stockholm,
Sweden in 1991, and subsequently spent four years as Postdoctoral Research Fellow at the University of Toronto from 1992
to 1996. During the period from 1982 to 1988, he worked in Beijing Central Iron and Steel Research Institute as a project
manager for hot metal and stainless steel dephosphorization, and spent two years as a guest researcher in MEFOS
Metallurgical Research Centre, Lulea, Sweden for a China-Sweden joint research program on the treatment of high
phosphorus ores and hot metal. Dr Yang holds the title of adjunct professor in Wuhan University of Science and Technology
as well as Beijing Central Iron and Steel Research Institute. He also serves as grant application reviewer for Chinese National
Foundation for Natural Science, and advisor to several large companies in mining, metallurgical, renewable energy and
energy storage fields. He has strong ties with several engineering companies from ferrous and nonferrous industries, such as
the Beijing Capital Engineering and Research Incorporation (CERI) and Tangshan Iron and Steel Design and Research
institute and a number of steel companies in China and other countries in the world.

He is the author of more than 100 publications and two patents and was the recipient of the John Chipman Medal in 2003 from
the American Iron and Steel Society (ISS) and coauthor of eight award-winning presentations or poster presentations from
2004 to 2012 from AIST, ASM and COM. Dr Yang provided consultation to a number of world-class companies, such as Hatch
Association, Canada, IKEA, Sweden and China Aluminum Group Co. Overall he produced 32 consultation reports.

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BOARD OF DIRECTORS BIOS

John Cullen, Director Brenda Metzen, Director

Mr. Cullen has 30 years experience in public company
financing, corporate/capital structuring and management.
Following 15 years in the Canadian investment brokerage
industry, Mr. Cullen founded a number of public and
private companies in the mining and oil and gas sector.
Jean Lafleur, B. Sc., M. Sc. Geology, P. Geo.,
Director
Diana Metzen, Director
With over 15 years of financial accounting and reporting
experience, Ms. Metzen has actively led the finance
department of several high tech enterprises. She has
worked extensively with corporations in directing their
financial planning and supporting their rigorous growth
initiatives. She has acquired extensive knowledge in
business development and specializes in offering clear
and strategic long term visions. Ms. Metzen holds a
Bachelor of Commerce from McGill University and is
currently Chief Financial Officer of an international
technology corporation.

Ms. Metzen received her B.A. in Political Science

from McGill University and her Bachelor of law
degree, LL.B., from Universit de Sherbrooke.
She has over 10 years experience specializing
in joint ventures and corporate restructuring. Ms.
Metzen advises on a variety of domestic and
international mergers and acquisitions. She has
a significant track record in the logistics sector,
having served on the board of directors of
multiple private corporations. Ms. Metzen is
fluent in English, French and German.

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