SOUTH CROFTY TIN PROJECT CORNWALL, SOUTHWEST ENGLAND Corporate Presentation: June 2013

www.celestemining.com| TSX.V: C June 2013 | 1www.celestemining.com| TSX.V: C

SOUTH CROFTY TIN PROJECT CORNWALL, SOUTHWEST ENGLAND

Corporate Presentation: June 2013

www.celestemining.com | TSX.V: C

www.celestemining.com| TSX.V: C June 2013 | 2

This document contains forward-looking statements and information within the meaning of applicable U.S. and Canadian securities laws including with respect to closing of the transaction with Cornish Minerals Ltd, expected production targets and the development plan. Words such as “may”, “will”, “should”, “anticipate”, “plan”, “expect”, “believe”, “estimate” and similar terminology are used to identify forward-looking statements and information. Such statements and information are based on assumptions, estimates, opinions and analysis made by management of Celeste in light of its experience, current conditions and its expectations of future developments as well as other factors which they believe to be reasonable and relevant. Forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied in the forward-looking statements and information. Risks and uncertainties that may cause actual results to vary include but are not limited to: the conditional nature of the transaction, including the requirement for approval of the transaction by the TSX Venture Exchange; uncertainties relating to the availability and costs of financing needed to complete the transaction; exploration costs varying significantly from estimates; delays in the exploration and development of, and/or commercial production from, the properties in which Celeste has an interest; the speculative nature of mineral exploration and development, including the uncertainty of reserve and resource estimates; operational and technical difficulties; success of future exploration and development initiatives; competition; inability to obtain, or delays in obtaining, necessary permits and approvals from government authorities; fluctuations in foreign exchange rates; as well as other risks and uncertainties which are more fully described in Celeste’s annual and quarterly Management’s Discussion and Analysis and other filings made by Celeste with Canadian securities regulatory authorities and available at www.sedar.com. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable laws, Celeste disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although Celeste believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

Any references to historic resources are non 43-101 compliant, they are based on data and reports prepared by previous operators and public filings. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves . The Company is not treating these as current 43-101 resources and such historic resources should not be relied upon. These properties will require additional drilling and exploration before a NI 43-101 compliant mineral resource or mineral reserve can be determined, which drilling and exploration the company intends to complete in due course. Mr. James Hogg MAIG, a qualified person pursuant to the guidelines set out in NI 43-101 has reviewed and approved the technical disclosure in this document on behalf of the Company.

Micromine estimates were completed using protocols established by JORC and CIM as required by NI 43-101, Historic resources are not NI 43-101compliant.

Caution Concerning Forward Looking Statements


Investment Highlights

Two permitted, past producing adjacent tin mines in the intensely mineralized Central Mining District of Cornwall (UK).

Inferred resource of 2.5 million tonnes at 0.68% tin equivalent established by 23,000 m drilling in upper levels of Dolcoath Mine

Exploration targets of 8 - 16 million tonnes at 1.2% to 1.8% Sn defined by reevaluation of South Crofty historical sample data.

Fully permitted for development, dewatering and operations

Buoyant tin market - Increasing tin prices due to increased demand for tin and a decreasing world supply – current range $20,000 to $25,000 (<$5,000 at closure in 1998)

Experienced operating & management team.

Additional 150 sq km of mineral rights in throughout Cornwall.


Why is there still potential at South Crofty

Exploration target of 8 to 16 million tonnes at grades of 1.2% to 1.8% tin, surrounding older workings, established by analysis of historic sampling data.Drill inferred resource from current drilling in shallow levels of 2.5 million tonnes at 0.68% tin equivalentUp dip extensions of lodes previously mined only at depth have never been accessed or explored, though one has been intersected by current drilling. These are in addition to defined exploration targets.Wide intercepts (20m+) of disseminated mineralization being intersected in the Dolcoath main footwall.


District Geology and Historic Mining Activity

Dolcoath and South

Crofty mines

Areas shaded in black represent historic mine workingsAreas shaded in pink represent granite intrusives


Up dip potential above deep South Crofty workings parallel to Dolcoath mine

NW

SESouth

Roskear Mine

North Roskear Mine

South Crofty – Deep

Roskear Lode Workings

Roskear Lodes

Dolcoath North Lode

Dolcoath South Lode

Current core drilling

Dolcoath Mine

250m Below Ground Level



Potential up dip extensions of lodes mined only at depth. Dolcoath main lode at right.


Celeste Ownership and Earn in Structure

• May 2011: Celeste entered into earn-in agreement with Cornish Mineral ltd (Cornish UK) which, through wholly owned subsidiaries, is the owner of South Crofty and related assets.

• July 2012: Celeste acquired 25% ownership of Cornish Minerals Ltd by funding GBP 4.6 million (US$7.3 million) in project expenditures

• Option to acquire additional 35% interest by funding a further GBP 16.3 million (US$ 26 million) in project expenditures.

• Option to acquire remaining 40% on basis of independent valuation.


Planned Project Development

• Utility of drilling limited due to spatial constraints and classification limits

• Known mineralized structures to be evaluated by mining, exposure of structures for sampling and dimensional evaluation

• Mining to be preceded by sequential dewatering of Dolcoath and South Crofty

• Resource updates, metallurgical testwork and economic evaluations of increasing confidence leading to production decision


Three Phase Development Strategy

Phase 1:

Reconcile current and historic resource bases

Water discharge testing

Commence dewatering Dolcoath

Advance decline

Cross cuts to south at 2052, 2020 and 1984 levels* to intersect resources in South Entral and Dolcoath Main lodes

Cross cut to north for drill access to Roskear lodes. Continue drilling to north and south as decline advances

Strike drifts and longitudinal sampling over 500m strike length in each of 2 lodes

Metallurgical testwork

Resource update and PEA

Assess potential for early production* Relative to mine datum, -2000m OD


Phase 2

Phase 2:

Complete dewatering of DolcoathAccelerate dewatering and start dewatering South CroftyCross cuts to north to intersect Dolcoath South, Middle and North lodes and south to Dolcoath Main at lower levelsStrike drifts and sampling on up to six lodesContinue drilling – north to Roskear lodes and further west as decline advancesComplete construction of first phase new mine surface infrastructureUpdate resource and PFS, possibly FSPossible construction of initial production facilities for upper level ores


Phase 3 and Production

Phase 3:

Dewater South Crofty while holding water in DolcoathContinue developing Dolcoath lodes for productionContinue drillingEnter South Crofty west of crosscourse on Dolcoath South lode.Mine Planning and full scale plant designUpdated Feasibility Study

www.celestemining.com| TSX.V: C


Project Developmental Summary

Phase 1 Phase 2 Phase 3

Estimated Costs $26Million CDN $17 Million CDN $12 Million CDN

Estimated Time 12-14 months 12 months 12 months

Expected Deliverables Preparation forevaluation

Dewatering andmining advance

Initial evaluation

Preliminarydevelopmentstudies

Initial economicassessment

Evaluation of major lodes

Physical andgeostatisticalmodelling

Completion ofDolcoathdewatering

Plant design

Prefeas or feasibility study

Complete evaluation

Finalize economicevaluation leading to production decision

Detailed mine design

Completedewatering S, Croftyto 1400m level

Developunderground forproduction


Planned Decline Development

Proposed decline advance between Dolcoath and South Crofty western workings


Fully permitted 1500 ha area for development and production, currently to 1,500m depthPermitted for water discharge, subject to definition of water discharge criteriaLand Exchange with Cornwall Council completed to give security of surface tenurePermitted Surface plant with underground paste fill tailings disposal (see below)

Permitting and Tenure


Tin Outperforms


Tin (Sn)

Tin demand has increased in recent years because of the three-fold increase of the metal in solder reflecting the elimination of lead on environmental grounds

Supply has decreased in Malaya, Indonesia and Bolivia

Numerous new uses for tin including in battery technology, as a steel additive and in photovoltaic technology

Global Tin Industry

Tin Consumption


Global Tin Industry

Price of tin rapidly rising over the past 10 years

2001 $US 4,255/t

2012 $US 21,000/t

Numerous traditional sources of supply now out of production

TIN...$4,255/t to

$21,000+/t


Mineral Rights


Richard A. Kelertas (Interim Chief Executive Officer and Director): Has over 35 years of experience in corporate sales, marketing, corporate development, corporate banking and equity capital markets . He is currently Senior Vice-President of Corporate Development for Allana Potash Corp. and also sits on the board of directors of Strata Minerals Inc.

Max Missiouk (CFO): Has held several key executive positions with public companies.

Kevin Williams BSc Mining: Mine Manager; 40 year career in operational mining and tunnel construction. Founding director of Baseresult.

David Stone BSc (Hons), CEng, MI MechE: Technical Engineer; 50 years engineering experience in mining, power stations, water well projects & oil pipeline construction. Founding director of Basereult..

Allan Reynolds ACSM: Head of Technical Services, Chief Surveyor, Substitute Mine Manager; 40 year mine industry career covering all aspects of mine surveying and geology specific to Cornish Mining projects. Senior management member of the Baseresult team that acquired South Crofty Mine in 2001.

Keith D. Russ - PhD, BEng (Hons) Mining Engineering, ACSM: Technical Services Engineer; two time graduate of the Camborne School of Mines, gaining his doctorate in 1995. Keith has been a highly valued member of the South Crofty project team since 2003. He was responsible for the digital compilation of the historical mine records underpinning the project’s substantial exploration targets.

F. Michael Sampson: Senior Underground Supervisor; internationally seasoned career miner with past experience at two other Cornish mines. A long term member of the South Crofty mine management team.

Chris Tenbeth: Drilling Services Manager; 35 years of hands on drilling experience mostly in diamond core drilling on surface and underground. Chris has had a substantial amount of influence in the level of professionalism and efficiency of our drilling operations.

Samantha Rae BSc. Applied Geology (Hons): Exploration & Mine Geologist; Camborne School of Mines graduate, in her two years with us Sam has perfected our core quality and control and developed a thorough understanding of all geological aspects of the project.

Management Team


Richard A. Kelertas (CEO & Director): Currently Senior Vice President of Corporate Development at Allana Potash Corp. He has had over 30 years of corporate financial and capital markets experience.

Farhad Abasov (Director): Currently President and CEO of Allana Potash, Executive Chairman of Rodinia Lithium. Formerly an executive with Potash One, Uranium One and Energy Metals with over 15 years of business experience. Diana Walters (Director): Current President/CEO of Liberty Mining and Metals, over 20 years in management positions with energy and mining companies.

.

.

Board of Directors


Capital Structure

Stock Symbol C – TSX.V

Share Price(05/06/2013)

$0.02

Shares Issued (Basic)

130,361,014

52 Week High/Low

$0.02 - $0.085

Market Cap $2,607,220

Share Ownership

36.48% - Liberty Mining & Metals LLC.

6.73% - Officers & Directors


Summary

Permitted operation in intensely mineralized, historic mining district

Compliant inferred resource of 2.5 million tonnes at 0.68% tin equivalent

Exploration Targets (based on historic data) of 8 to 16 million tonnes at 1.2 to 1.8% tin

Dewatering to commence early 2013

Resource expansion by combined drilling and underground sampling

Early production potential


Contact Information

Richard KelertasCeleste Mining CorporationTel: 514-717-6256Email: [email protected]


Appendix I - Resource Status

Inferred resource from current drilling of 2.5 million tonnes at 0.46% tin, 0.54% copper and 0.23% zinc in upper levels of Dolcoath (0.68% tin equivalent).

A “closure reserve” for South Crofty filed as a statutory document in 1998 on closure of South Crofty stating 2.9 million tonnes at 1.48% tin at a cut off grade of 1% tin. This estimate included only areas developed for mining at that time and did not appear to address the concept of “resource”. This “reserve” would not be compliant under NI 43-101.

Exploration targets in South Crofty:

6.75 to 13.5 million tonnes at 1.4 to 1.8% tin (east of great crosscourse)

1.25 to 2.5 million tonnes at 1.25 to 1.6% tin (west of great crosscourse)


Appendix II – West Briton Article


Appendix III: Organization at a Glance


Appendix IV- Resources

Plan view


Appendix V – Resources and Exploration Targets (West)

Resources relative to exploration target west of great crosscourse


Appendix VI – Resources and Exploration Targets (East)

Resources relative to exploration target east of crosscourse


Appendix VII - Drill Result Highlights

Select Drill Hole results from 2008 - 2012


Appendix VIII - Drill Result Highlights

¹Weighted average grade composites calculated using 0.2% Sn equivalent trigger value, 0.2% minimum overall grade, 1m minimum width and maximum 1m consecutive waste.²Sn equivalent calculated using inputs from Sn, Cu and Zn metal values from LME 3 year trailing average settlement price of US$21,675/t, US$7,883/t, and US$2,101/t respectively. Sn equivalent calculation = Sn grade + (Cu grade*0.364) + (Zn grade*0.0969).³Intercepts reported are from average 1m length half NGM, NQ and BQ drill core sample intervals, collected using best practice methodologies.4Samples are analysed for Cu, Zn, In and W using ICP/ICP-MS after 4 acid digestion and for Sn and over range elements by ICP/ICP-MS after peroxide fusion by AGAT Laboratories, Mississauga, Ontario, Canada. AGAT is independent of Celeste Copper Corp. 100% metallurgical recovery of all metals is assumed.


Underground Development

To view a short clip of the underground development at South Crofty, please copy the link below into your browser.

http://celestecopper.com/DTM_BBC_QT.mov

SOUTH CROFTY TIN PROJECT CORNWALL, SOUTHWEST ENGLAND Corporate Presentation: June 2013

Documents

Transcript of SOUTH CROFTY TIN PROJECT CORNWALL, SOUTHWEST ENGLAND Corporate Presentation: June 2013