GUINEA IRON ORE LIMITED 1100 Avenue des Canadiens de Montreal, Suite 243 Montreal, QC H3B 2S2, Canada

giolimited.com T 514 868 9635 info@giolimited.com

World class Iron Ore In Guinea, West Africa.

- Forward Looking Statement Certain information contained herein regarding Guinea Iron Ore Limited (“GIO”) a private Canadian corporation, including management’s 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

- Projects Locations

GAOUAL Project

FARANAH Project

BOROKORO Project

BEYLA Project

KOUYAH Application in

Process by GIO

AMC Bauxite

ALCAN Bauxite

BELLZONE Forecariah RIO TINTO

Simandou

BHP Nimba

BELLZONE Kalia

GIO’s Properties

GIO’s ongoing Licence

Applications

Other Companies Significant Projects

VALE Zogota

AFRICAN Minerals Tonkolili

RUSAL Fria

RUSAL Kindia

GLOBAL Bauxite

- Comments on Iron Ore Market

• China is the marginal producer in almost every metal and bulk commodity Market

• Chinese domestic output continues to be crucial to Iron Ore and flexes to balance the Market. 2013 will be another year of pulling this on in H1 and pushing it off in H2 according to a Macquarie Bank’s report of March 2013

• Cost inflation pressures and grade depletion are structural challenges for the industry

• Execution risk around new projects means high-cost Chinese domestic ore is required to balance the Market for the next few years, setting a high floor to prices

• CISA forecast imports of Iron Ore at 770Mt in 2013, up 3.5%

• Metalytics forecast 142.51USD/tonne average in 2013, up from 129USD/tonne in 2012

• China’s steel industry is overly reliant on a huge chunk of high cost domestic supply that cannot be replaced readily in the short term

- Gaoual Project – DSO Iron Ore

- 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 Project – Drill Hole OR4-BH010

- Gaoual Project – Drill Hole OR4 Continuity

- Gaoual Project – Infrastructure

- Gaoual Project – Infrastructure

GIO DSO

GIO after P removal

Note: All this material comes in above Macquarie’s Bank long term Iron price

Source: Macquarie Bank, March 2013

- Gaoual Project - Economical Positioning Market positioning of GIO’s product :

• DSO product at 56$/tonne (in-house calculation*) • Product after process of Phosphorous removal

at 68$/tonne (in-house calculation*) *In-house calculation base on - freight rate = 25$/t and other regular fees

Licence General Characteristics

• 867km2 • Open pit mining • Low elevation changes

Large scale potential deposit

• 40km by 4km in average potential mineralized area • 3-5Bt potential

DSO product available for open pit mining

• High grade potential of up to 59% • Deleterious material concentration of

0.4% P; 5.8% Al2O3; 4.8% SiO2.

Metallurgy tests with very promising results for a commercial scale

• Final product after processing : 68.1% Fe; 0.026% P; 0.98% Al2O3; 0.33% SiO2

• Premium product after processing

CFR price • 56$/tonne for DSO material • 68$/tonne for premium material

Mining cost • 6 to 7$/tonne

Infrastructure Advantages • 150km from available railway • 250km from Kamsar port (including 150km of existing railway)

- Gaoual Project - Highlights

- Faranah Project - Information

Close up of a banded iron formation with visible hematite crystals.

• Licence area of 573km2 • South from Bellzone’s 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.

- 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/Vale’s 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.

- 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

- Comments on Iron Ore Market Mining Infrastructure projects: Ports and Railway (Dian-Dian, Transguineen, BHP, Conakry – Niger and other crossovers.

Chemins de fer existants Ports existants

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

- Partnership with SOGUIPAMI http://soguipami-gn.com

SOGUIPAMI 10% carried interest partner in GIO (BVI) Ltd. SOGUIPAMI (Société Guinéenne du Patrimoine Minier), Guinea’s state mining heritage fund, has been specifically created by a law to manage all of the shares held directly or indirectly by the state in mining companies, industrial and service companies active in mining related sectors, which includes mining infrastructure, transportation, commercialisation and marketing of minerals and by-products, loans and investments.

How will GIO work together with SOGUIPAMI for our mutual benefit? SOGUIPAMI has stated that it considers GIO an ideal partner because the Guinea Government is confronted with a lot of questions about the future of the world-class Guinean projects which remain without precise solutions. Consequently, after hearing the news that GIO had solved the deleterious materials (phosphorous) issue associated with the iron ore to be mined at its Gaoual property, SOGUIPAMI immediately stated to GIO that they were encouraged and gratified by the news because to them this evidenced the hope that there will be iron ore production by junior miners, with iron ore deposits similar to those of Simandou, Nimba and Zogota, being exported from Guinea within a relatively short period of time. Therefore, SOGUIPAMI has engaged in partnering with an innovative junior mining companies, such as GIO, who demonstrated to them that they are worthy of being granted world-class licenses, which previously were the sole domain of the multinationals. It is clear that the share participation by SOGUIPAMI in GIO will strengthen its support for the company and the licences it holds and maximize its efficiency and potential to carry out projects in the Republic of Guinea.

- China steel demand – robust over long term • Significant urbanisation to continue

• China’s 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

Source: Platts Price Analyzer

• Cost Supply Curve fundamentals kick-in

• Rapid recovery in Iron Ore price over Market history

- Other Mining Interests in Guinea

- About Guinea

- Mining in Guinea

- Iron Ore

- Global Supply of Iron Ore

- Management Bios

Scott Young VP Business Development Mr. Young has spent the last 10 years involved in the capital markets sector, inclusive of six years experience working as the Business Development / Investor Relations Executive for mining companies based in Africa, Canada and South America including African Queen Mines, Sacre-Coeur Minerals and Pasofino Gold. Mr. Young specializes in precious and base metals and also works in the technology space in the same capacity. He has contacts in Asia, Europe and North America. Mr. Young has also helped several mining and technology companies raise capital.

Joe Metzen President Mr. Metzen is the founder of international shipping, trading and financing companies. He has over 40 years experience in worldwide shipping and infrastructure bringing product to market. His involvement with Africa spans over 35 years and for the past 10 years his focus has been on the Republic of Guinea. Mr. Metzen was instrumental in causing the issuance of the Guinean exploration licenses to Guinea Iron Ore Limited.

Michael Baumbach Executive VP Mr. Baumbach is the founder of an Australian and a Canadian diamond company and has 35 years experience in the global 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.

Jean Lafleur, B. Sc., M. Sc. Geology, P. Geo. VP Exploration, Director Mr. Lafleur is a geologist with over 30 years of experience in various capacities, both in Canada and internationally (West Africa, Ecuador and Mexico), with a range of industry companies, such as Newmont Mining Corporation, Falconbridge Limited, and Placer Dome Inc. He most recently was Director and Head of Exploration for Champion Minerals Ltd., a TSX listed company, where he was instrumental in the advancement of Champion’s 2 billion tonne iron ore assets in the Quebec/Labrador iron ore trough. Mr.Lafleur has led teams in the search for base metals, gold, nickel, iron, titanium, vanadium and uranium. His firm is currently managing the drilling and exploration program for Nevado Resources Inc., at La Blache Quebec, a higher grade iron ore, titanium and vanadium project.

- Advisor Bio

Dr. Yindong Yang Advisor to the Board 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.

- Board of Directors’ Bios John Cullen 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 Ms. Metzen received her B.A. in Political Science from McGill University and her Bachelor of law degree, LL.B., from Université 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.

Brenda 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.

Greg Adourian Director Greg Adourian is co-founder and President of an international Information Technology company that he built together with his partner from the ground up. He is responsible for implementing the Corporation’s strategic growth plan and coordinating and directing the management team. Mr. Adourian has acquired extensive understanding in the management sector that spans more than 15 years. He is fluent in English, French, Armenian and Arabic.

Loarn Metzen Director Strategic, multidisciplinary entrepreneur with an eye for innovation. Loarn Metzen studied Finance, worked with a gamut of clients and founded multiple successful businesses. He is fluent in English, French and German.