Latin America Downunder May , 2013

Disclaimer This presentation and any oral presentation accompanying it has been prepared by Latin Resources Ltd (“LRS “ or the “Company”). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for securities in the Company will be entered into on the basis of this presentation. This presentation contains forecasts and forward looking information. Such forecasts, projections and information are not a guarantee of future performance, involve unknown risks and uncertainties. Actual results and developments will almost certainly differ materially from those expressed or implied. LRS has not audited or investigated the accuracy or completeness of the information, statements and opinions contained in this presentation. Accordingly, to the maximum extent permitted by applicable laws, LRS makes no representation and can give no assurance, guarantee or warranty, express or implied, as to, and take no responsibility and assume no liability for, the authenticity, validity, accuracy, suitability or completeness of, or any errors in or omission, from any information, statement or opinion contained in this presentation. You should not act or refrain from acting in reliance on this presentation material. This overview of LRS does not purport to be all inclusive or to contain all information which its recipients may require in order to make an informed assessment of the Company’s prospects. You should conduct your own investigation and perform your own analysis in order to satisfy yourself as to the accuracy and completeness of the information, statements and opinions contained in this presentation before making any investment decision.

Latin Resources Limited (ASX Code: LRS)

Mineral exploration and development company based in mineral rich Peru with a focus on Iron & Mineral Sands

Over 4 years of exploration work and $14m spent to date

Listed on ASX September 2010

Over 130,000 hectares of mining concessions

Strong Management team

(Source: Peruvian Ministry of Energy and Mines, Annual Mining Report 2010; US Geological Survey, The Silver Institute, Gold Fields Mineral Services, International Copper Study Group, International Lead and Zinc Study Group, International Tin Research Institute, International Molybdenum Association, Intituto Latinoamericano del Hierro y Acero)

Peru – 2011Mineral Production Rank

SILVER

COPPER

ZINC

GOLD

IRON

LEAD

2

World

Latin America 2

1 1

1 6

1 2

1 4

Mineral World Latin America

Silver 1 1

Copper 2 2

Zinc 2 1

Lead 4 1

Gold 6 1

Iron 17 5

5

3

4

7

8

4

0

1

2

3

4

5

6

7

8

9

Peru Columbia Chile Brazil Argentina Mexico

LATAM – GDP per Capita (USD) 2010- 2011 % Growth

*Credit Suisse

Forecast – LATAM – Real GDP (USD) 2012 -2014

*Credit Suisse

Latin Resources Limited Achievements since listing on ASX

Completed exploratory drilling program at Ilo

Completed Scoping Study Guadalupito

Acquired a major and potential world class mineral sands project at Guadalupito

ASX September 2010

Febr

uary

201

1

Aug

ust 2

011

Dec

embe

r 201

1

Sep

tem

ber

2012

Completed Initial JORC Resource at Guadalupito (Snowdens)

Mar

ch 2

012

Signed $52m investment deal with Junefield Group

Completed JORC Resource of 1.5 B T Fe

brua

ry 2

013

Development Success in Peru

Government Economic Development

Community Relationships Water & Employment

Project Development

Project Portfolio & Strategy

Guadalupito Iron & Mineral Sands Iron, Zircon, Rutile , Ilmenite , Gold, Andalusite

Ilo & Mariela Projects

Iron, Copper, Gold

Close to Port & Infrastructure

Focus on Flagship Project Guadalupito

Develop strong community relationships

Commence Production in 2015 at Guadalupito Project

Latin Resources Ilo Projects

ILO PROPERTIES MARIELA

ILO

Guadalupito Iron & Mineral Sands Project

Total holding of over

24,000 hectares

The port town of Chimbote is

25kms South

SiderPeru Steel works (Gerdau Group)

is located in Chimbote

Close to

infrastructure - Port & Hwy

Guadalupito Project

Chimbote Port

Guadalupito Iron & Mineral Sands Project

1.4 Billion tonne JORC Inferred Resource @ 5.7 HM Conceptual exploration target of over 4 Billion tonnes of mineralized sediments*

Magnetite with a low Titanium

Gold grades of potential economic significance have been encountered

Discrete liberated mineral grains of recoverable size of Zircon, Rutile ,Ilmenite and Andalusite have been identified.

The global Conceptual Exploration Target for Guadalupito has been estimated at between 3.9 and 5.1 Billion tonnes with between 3.2% and 8.4% HM (weighted average 4.5 Bt @ 6.1% HM). The potential quantity and grade is conceptual in nature, and there has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource. The Los Conchales conceptual exploration target of 690Mt @ 6.8% HM is the weighted average figure within the range of 620Mt – 770Mt and 3.6% - 10.1% HM. The target was estimated from 15 contiguous polygons each delineated to provide an approximately representative area for each of 15 drill holes which had results to date drilled within a 1,100 hectare area and displaying continuity of geology. Volumes for the polygons were estimated based on the thickness of >1%HM intersections, and the average measured S.G. of recovered samples assigned to estimate tonnage. Grade variation was estimated using 1 standard deviation variation from the average grade of each drill intersection. The potential quantity and grade is conceptual in nature, and there has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource.

Community Success - Communication Key !

“Los Conchales” JORC Inferred Resource: 1,073Mt @ 6.1% HM

“Heldmaier” JORC Inferred Resource: 136Mt @ 5.5% HM

“Tres Chosas” JORC Inferred Resource: 256Mt @ 3.9% HM

MINING VOID

HMC STOCKPILE

NON-MAG SPIRALS

GOLD CONCENTRATE

“GOLD CON” WET TABLE

PORT

THICKENER

SPIRAL CIRCUITSCREENING

DESLIMING

WCP

SAND TAILS

CLAY FINESMining

LIMS MAGNETIC

SEPARATION

NON-MAG STOCKPILE

MAGNETITE STOCKPILE

SUPER-CON

CONCENTRATE NON-MAGNETICS

MSP

REJE

CTS

STAGE 1 CONCEPTUAL FLOWSHEET

Stage 1 Concept – 15 mtpa Dry surface Magnetite Mining Operation

Electric Arc Furnace Pig Iron Plant

Stage 2 - 25 mtpa Dredging Mining Operation DREDGE MINING WCP

screening desliming spiral circuit

mining void

clay fines

sand tails

HMC stockpile

MSP

Lims magnetic separation

Magnetite stockpile

non-magnetic spiral circuit

super-con

PORT

ship loader

“Gold con” wet table

Gold concentrade

rejects

non- magnetics concentrate

Lims non-mags HT separation

Non-mag conductor magnetic separation

conductors

Non-magnetic non-conductors

Magnetic separation

non- conductors

reje

cts

Wet Zircon spiral circuit

reje

cts

Zircon product

magnetics

Magnetic TIO2 product

Andalusite

non-

mag

netic

s

Regional Summary – Steel Use - % Growth

*Credit Suisse

LATAM Crude Steel Production

Peru Steel Producers

• Two steel producers in Peru ; SiderPeru (Gerdau ) and Aceros Arequipa

• Gerdau predominately uses imported scrap steel • Aceros Arequipa uses scrap and pellets from

Marcona • Gerdau to lift production at Chimbote from 300 tpa

to 1.2mtpa over the next 5 years • Aceros Arequipa currently produces 700 tpa

Summary LATAM Steel Sector

• Peru forecast to grow 6% - 2012- 2014 • 700m people in Latin America • Strong growth in other emerging countries • Steel continues on sustainable growth path in LATAM • Peru and emerging countries lag in steel production • Electric Arc Furnaces (EAF) dominate steel production • Opportunity to provide Magnetite & Pig Iron to Peru and

other emerging countries for steel production

Ilo 2012 – Latin resources controls 130,000 HA

Ilo Port

Ilo Norte Anaconda (Antofagasta)

Chile

BHP

Southern Copper

Mariela

Metmnco

Concessions

Mariela JV

Regional North

Ilo Norte Ilo Este

Regional South

Ferro Tacna

Ilo Sur

Pacific Ocean

Ilo

• 7 tenement blocks located in the Ilo region of southern Peru

• Total 129 concessions, for 131,300 Ha (1,313 km2)

• Excellent infrastructure – roads, power, ports

• Known deposits in the region; • Iron – Marcona, Pampa de

Pongo, • Porphyry Cu-Au – Cerro

Verde, Tia Maria, Toquepala

Ilo Norte – Drill Plan

A

Initial programme 2,500m A’

Mariela - Joint Venture – Junefield Group

Large anomaly

Excellent Iron Oxide Copper Gold (IOCG) District

Close to Port and Highways

Junefield paid $9m in cash to Latin Resources for major stake

Junefield Group to spend $35m to BFS for 70%

LRS 30% free carry during this phase

Mariela Drill Program (12,000m)

Mariela Drill Program October – 6 Rigs 300 Hole program to commence 1st half 2013

Strategy and Goals for 2013/14

JORC inferred resource at Guadalupito upgraded to 1.4 Billion tonnes – search for J/V partner

Commence mining planning and production at Guadalupito

Commence detailed exploration and drilling program at Ilo Norte and Latin Resources 100% owned Ilo Concessions

Complete 12,000m drilling program at Mariela and commence 300 hole program

LRS – Capital Structure

Junefield Group major Shareholder

with 22.3%

Listed on

ASX

SETQX - London

Top 30 Shareholders

represent 70% of shareholding

Shareholding Shares Options

Total Shares 210million 105 million ( not yet subscribed)

Market Cap @15c $32 million November 2014 exercisable @20c

Thank you and Questions Competent Person Statement The information in this report that relates to Geological and Geochemical Data, Exploration Results, Conceptual Exploration Target, Mineral Resources, or Ore Reserves is based on information compiled by Mr Andrew Bristow, a full time employee of Latin Resources Limited’s Peruvian subsidiary. Mr. Bristow is a member of the Australian Institute of Geoscientists and has sufficient experience which is relevant to the style of mineralization and the type of deposit under consideration to qualify as a Competent Person as defined in the December 2004 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code). Mr. Bristow consents to the inclusion in this report of the matters based on his information in the form and context in which they appear.

The global Conceptual Exploration Target for Guadalupito has been estimated at between 3.9 and 5.1 Billion tonnes with between 3.2% and 8.4% HM (weighted average 4.5 Bt @ 6.1% HM). The potential quantity and grade is conceptual in nature, and there has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource. The Los Conchales conceptual exploration target of 690Mt @ 6.8% HM is the weighted average figure within the range of 620Mt – 770Mt and 3.6% - 10.1% HM. The target was estimated from 15 contiguous polygons each delineated to provide an approximately representative area for each of 15 drill holes which had results to date drilled within a 1,100 hectare area and displaying continuity of geology. Volumes for the polygons were estimated based on the thickness of >1%HM intersections, and the average measured S.G. of recovered samples assigned to estimate tonnage. Grade variation was estimated using 1 standard deviation variation from the average grade of each drill intersection. The potential quantity and grade is conceptual in nature, and there has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource.