century iron corporate presentation - may 2013

TSX: FER www.centuryiron.com

Corporate Presentation – May 2013

Sustainable Development

Century Iron Mines Corporation

One of the largest iron resource developers

Targeted to be the next DSO producer in Canada

2

Forward Looking Statement

Except for statements of historical fact, this presentation contains certain “forward-looking information”

within the meaning of applicable securities law. Forward-looking information is frequently characterized by

words such as “plan”, “project”; “intend”, “believe”, “anticipate”, “estimate” and other similar words, or

statements that certain events or conditions “may” or “will” occur. Forward-looking statements are based

on the opinions and estimates of management at the date the statements are made, and are subject to a

variety of risks and uncertainties and other factors that could cause actual events or results to differ

materially from those anticipated in the forward-looking statements. Factors that could cause actual

results to differ materially from those in forward-looking statements include market prices for metals, the

conclusions of detailed feasibility and technical analyses, lower than expected grades and quantities of

mineralization and resources, mining rates and recovery rates and the lack of availability of necessary

capital, which may not be available to the Corporation on terms acceptable to it or at all, changes in and

the effect of government policies with respect to mineral exploration and exploitation, the ability to obtain

required permits, delays in exploration and development projects and the possibility of adverse

developments in the financial markets generally, potential environmental issues and liabilities associated

with exploration and development and mining activities. The Corporation is also subject to the specific

risks inherent in the mining business as well as general economic and business conditions. The

Corporation undertakes no obligation to update forward-looking information if circumstances or

management’s estimates should change except as required by law. The reader is cautioned not to place

undue reliance on forward-looking statements. More detailed information about potential factors that

could affect financial results is included in the documents that may be filed from time to time with the

Canadian securities regulatory authorities by the Corporation.


3 Century Iron Mines Corporation

FER 2013 Price Chart

Source: Yahoo Finance

0.95

Iron ore spot price: $140/t (Dec 31, 2012) Iron ore spot price: $128/t (May 3, 2013)

Joyce Lake DSO

resource (Mar 7,

2013)

Joyce Lake 1st PEA:

$95M NPV pretax

(Mar 25, 2013)

Duncan Lake PEA:

$4.1B NPV pretax

(Mar 22, 2013)

Block Trade

~3-4Ms

(Mar 28, 2013)

May 9, 2013 Closing: $0.42

Average Daily Volume (3m): 140,305

52 Week Range: $0.30 - $1.98

Market cap: ~$40M (on $44M cash Dec 2012)

Financial Highlights & Capital Structure

Financial highlights (December 31, 2012)

Cash and cash equivalents $43,781,876

Exploration and evaluation assets

Investment in joint venture

$46,700,848

$59,348,401

Capital structure (May 9, 2013)

Shares outstanding 94,474,158

Options (@$2.92) outstanding 9,870,000

Fully diluted 104,344,158

Share Price $0.42

Market capitalization (approximately) $40 million

Share structure

Founding shareholders and directors (excluding management) (Note 1) 31.9%

Management (Note 1) 22.8%

WISCO (approx. 24.5%) and Minmetals (4.9%) – Strategic Partners 29.4%

Public shareholders 15.9%

Total 100.00%

Century Iron Mines Corporation 4 (Note 1: Approx 52% subject to voluntary min. lockup of 3 yrs from May 2011 to production)

5

Corporate Structure & Project

Joint Venture

Champion Iron

Mines Ltd.

(TSX: CHM)

Attikamagen

Project

40-44% 56-60%

(Note 2)

Minmetals Exploration &

Development

(Luxembourg)

Limited S.à.r.l

WISCO

International

Resources

Development

& Investment

Ltd (PRC)

Approx.

5% Approx.

25%

60%

Sunny Lake

Project

Duncan Lake

Project

Augyva Mining

Resources Inc.

(TSXV: AUV)

35-49%

100%

Four projects

acquired from

Altius Minerals Inc.

(TSX: ALS) (Note 3)

100%

51-65%

(Note 1)

40%

James Bay Area

Duncan Lake

Note 1: Currently a 51% registered interest has funded to a 65% interest under an option and joint venture agreement with Augyva Mining Resources Inc.

Note 2: Currently a 56% registered interest and has funded to a 60% interest under an Option/JV Agreement with Champion Iron Mines Inc.

Note 3: A portion of the Astray has been spun out to Northern Star which will assume the exploration obligations while Century maintains a 20% therein

Century

Iron Mines Corporation

(TSX: FER)

3

4

$40M to earn in

40% for each JV

60% Off-take

70% capex to

fund in debt

NI 43-101

Resources Hayot

Joyce

(DSO)

Full

Moon Duncan Total

Measured

& indicated - 10.0 Mt 7.3 Bt 1.1 Bt 8.4 Bt

Inferred 1.7 Bt 5.6 Mt 8.7 Bt 0.6 Bt 11.0 Bt

1 3 2

4

2

1

(in

Bill

ion

s o

f to

nn

es)

Iron Ore Projects 20Bt resources under management

Full Moon

Hayot

Joyce

0

5

10

15

20

25

30

2014 2015 2016 2017 2018

DSO Taconite

High Volume

Project Development Roadmap A strategy of progressive development of 18Bt well located resources

Executed by a mining team with outstanding track record starting with Joyce (DSO)

Targeting a 100Mpta strategic partner & 750Mtpa end user country

6

DSO

Full Moon

Joyce DSO

Production

Mtpa Target

1 2

3

4

Closest distance

Target 2 Mtpa

On capex <$100M


(conceptual illustration)

From closest low Capex high grade DSO projects (target 2015) to high volume & Capex taconite project along strike Taconite DSO

Taconite DSO

DSO

1.7Bt (Inferred) 1

2

3

TSH &

QNSL Rail

to Sept Iles

7.3 Bt (M&I)

8.7 Bt (Inferred)

DSO

4

Taconite

10.0 Mt (M&I)

5.6 Mt (Inferred)

Labrador Trough

18km


Joyce Lake DSO Deposit

Resource Category Million Tonnes Grade Tfe%

Measured 5.0 60.44

Indicated 5.0 58.44

Total M & I 10.0 59.45

Inferred 5.6 55.78

Target 2015 Production

Resource model based on 118 holes

Assay coverage contains 3,854 assay intervals

totaling 11,739 metres

Covering an area of 1,100 m along strike and 600m

width

The mineralization remains open to the south

Continuing exploration to expand resource

* NI 43-101 Technical Report, Joyce Lake DSO Iron Project

SGS Canada Inc. – Geostat , Claude Duplessis April 18, 2013

Mineral Resource Estimate Summary*

(at 50% Fe cutoff – April 18, 2013)

Resource Highlights


Joyce Lake DSO Deposit Preliminary Economic Assessment *

Discount

Rate

NPV (pre-tax)

(C$ Millions)

Payback

(pre-tax)

(years)

8% $90.4 2.5

Pre-tax IRR of 37% (27.1% after-tax)

2.0 Mtpa of lump (35%) and sinter fines

(65%) production at 62.2% Fe with a

mine life of 4 years (first year: 1Mt) as a

first stage

Total estimated capital costs (excluding

sustaining capital) of C$96.6 million

Total estimated operating costs (loaded

in a ship at Port of Sept-Iles) of C$62.8

per tonne of lump and sinter fines

* PEA Study Report , Joyce Lake DSO Project, CIMA+,

Jean-Sebastien Tremblay, May 9, 2013

Note: The PEA is preliminary in nature. It may incorporate inferred

mineral resources which are considered too geologically

speculative to have the economic considerations applied to them

that would enable them to be categorized as mineral reserves.

There can be no certainty that the estimates contained in the PEA

will be realized. In additional, mineral resources that are not

mineral reserves do not have demonstrated economic viability.


Preliminary Economic Assessment* Opex and Capex

FOB Operating Cost (Note) $/tonne

Lump/Fines

Mine 21.40

Crushing & Screening Plant 4.35

General and Administration 6.85

Product Hauling 2.82

Rail Yard Operation 0.86

Rail Transportation 22.36

Port Handling 4.16

Total Opex FOB, Sept Iles 62.80

Capital Cost $ millions

Joyce Lake Mine 10.8

Crushing & Screening Plant 10.5

Railroad and Yard (1) 10.3

Rail Cars (2) 20.4

Haulage Road and Infrastructure (1) 24.3

Trucks (2) 6.7

Total Direct Cost 83.0

EPCM at 10% of Direct Cost

(excluding mobile equipment) 5.6

Contingency 10% of Direct Cost 8.0

Total Project Cost 96.6

Highlights:

(1) Infrastructure benefiting

future operation: $35M

(2) Trucks & Ore Cars: $27M

Highlights:

Current Ocean Freight to China $ 20/t

Current Concentrate Spot Price

62% Fe CFR China $ 136/t

PEA FOB price assumptions:

Lump $ 108/t

Sinter fines $ 93/t

(Note): Opex is estimated on FOB Sept Iles basis

Additional DSO Targets Sunny Lake – Lac Le Fer Section

Prospect #2 Prospect #3

Sample Fe % Mn %

SiO2

% Sample Fe %

Mn

%

SiO2

%

5376 48.6 0.05 31.82 5383 56.4 0.36 15.1

5377 41.1 0.06 35.92 5384 59 0.08 15.42

5378 46.9 0.11 22.28 5385 59.5 0.11 13.9

5379 46.6 0.05 31.78 5386 41.4 0.25 37.48

5380 48.5 0.69 31.68 5387 67.1 0.22 1.88

5381 59.7 0.14 2.76 5388 58.4 0.11 10.65

Prospect #4 5391 50.8 0.55 23.4

9957 66.8 0.3 2.06 5392 63.8 0.22 5.91

9958 55.8 0.06 18.54 5394 57.7 0.17 14.08

Prospect #5 5395 59.4 0.11 13.12

9759 43.3 0.21 34.9 5396 58.8 0.22 4.03

9760 43.5 0.03 35.61 5397 63.3 0.17 6.06

9761 60.2 0.06 11.52 5398 62.1 1.83 5.34

9762 58.8 0.24 13.87 5399 57.6 0.28 14.24

Prospect #6 5400 42.8 4.32 28.43

9763 44.9 2.88 34.02 9751 61.2 2.67 6.98

9764 61.5 0.12 7.93 9752 67.4 0.1 2.27

9765 23.8 0.24 59.9 9753 66.6 0.23 3.46

9766 38.3 0.12 40.51 9961 63.1 0.28 7.72

9767 61.5 0.21 2.67 Fe samples > 55%*

9768 56.7 0.09 10.09

* Assay results from 1951 exploration

program (M. Tremblay)

Century Iron Mines Corporation 10

LLF P3 DSO Target, Mag and Gravity

Completed Holes Proposed Holes

Completed Holes

LLF-P3-004

62.3% FeT/45.0m

(ended in IF)

LLF P3 DSOLLF-P3-004 Assay

result

Sample

ID From to

Length

(m) TFe %

502509 3 9 6 9.48

502510 9 12 3 52.5

502511 12 15 3 56.3

502513 15 18 3 58.5

502514 18 21 3 60.5

502515 21 24 3 60.8

502516 24 27 3 64.5

502517 27 30 3 64.7

502518 30 33 3 64.6

502519 33 36 3 65.3

502520 36 39 3 64.6

502521 39 42 3 64.7

502522 42 45 3 66.2

502523 45 48 3 65.5

502524 48 51 3 67.1

502526 51 54 3 58.3

Naturally enriched >62% grade & good thickness


Full Moon Taconite Deposit, Rainy Lake First Resource Estimate by SRK


Resource model based on 124 diamond holes on

22,900 meters (out of total 2010-12 total drilling of 30,941 meters over 148 diamond holes;

An update resource estimate to come upon complete results on all holes modeled & analyzed

11km strike length (open both to the north & south of the Deposit) & up to 4km across

Combined true thickness of iron ore units often exceeds 200m

* Mineral Resource Evaluation, Full Moon Taconite Iron Deposit SRK Consulting,, Jean-Francois Couture, December 6, 2012

Mineral Resource Estimate*

(at 20% Fe cutoff – December 6, 2012)

Resource category Billion tonnes Grade TFe%

Indicated 7.260 30.18

Inferred 8.694 29.86

Resource Highlights

Full Moon Taconite Deposit Thicker than usual, better economics

28.4%

341m

30.2%

224m

30.4%

272m

29.1%

234m

31.3%

152m

29.0%

115m

27.9%

242m

2.75km Section Line 0

Usual taconite

thickness 100m


Iron

Ore

Un

its

Iro

n O

re U

nit

s

Iro

n O

re U

nit

s

100m

Hayot Lake Iron Project

Domain Volume Quantity Grade

(Mm3) Mt SG TFe %

Inferred Mineral Resources

LC 60.8 178.8 2.94 23.92

JUIF 125.6 414.9 3.31 31.99

URC 162.6 536.3 3.3 32.89

PGC 100.2 328.8 3.28 32.10

LRGC 80.5 264.4 3.28 31.27

TOTAL 529.6 1,723 3.25 31.25

Mineral Resource Estimate * Nov. 9, 2012

Reported at a cut-off grade of 20% total iron inside a

conceptual pit envelope optimized considering reasonable

open pit mining, processing and selling technical parameters

and costs benchmark against similar taconite iron projects and

a selling price of US$110 per dry metric tonne of iron

concentrate.

* Mineral Resource Evaluation, Hayot Lake Taconite Iron

Project, SRK Consulting (Canada) Ltd., Jean-Francoise

Couture, November 9, 2012

LC

JUIF

URC

PGC LRGC


The Altius iron ore projects have been

divided into four broad groups based on

the geology and iron ore target type:

Schefferville: potential for direct-shipping ore

(DSO) comprised of soft red hematite-goethite

typical of what was previously mined (and

currently being re-opened) in the Schefferville

camp; also potential for taconite.

Astray: potential for large resources of taconite as

well as high-grade specularite-rich DSO similar to

Sawyer Lake. A portion of the Astray has been

spun out to Northern Star which will assume the

exploration obligations while Century maintains a

20% therein.

Menihek: target is large tonnage magnetite-rich

taconite similar in structure and geological setting

to the large Labmag/Kemag deposits to the north.

Grenville: targets are polydeformed, recrystallized

magnetite-specularite taconite akin to the deposits

mined by IOCC at Carol Lake.

Further Potential of Altius Projects


Transportation – Iron Projects in Labrador Trough

Sept-Iles

Pointe-Noire

Port-Cartier

Ross Bay

Junction

Mont-Wright

Labrador City

Schefferville

Sunny Lake

Attikamagen

Railway Distance:

Schefferville to Ross Bay Junction: 217 km

Ross Bay Junction to Sept-Iles: 356 km

Labrador City to Ross Bay Jct: 58 km

Mont-Wright to Port Cartier: 400 km 0 50 100 km

Adriana

(WISCO)

Altius

Projects

QNS&L (Common Carrier) runs

573km from Schefferville to Sept-Iles

Attikamagen to Schefferville: 15km

(from the closest point)

Joyce Lake targets 1-3Mtpa DSO

• Using existing Railroad

infrastructures: QNS&L & TSR

Rainy Lake (Full Moon) targets

20Mtpa+

Full Moon Lac Le Fer

Joyce & Hayot


Port of Sept-Iles: 50Mtpa Expansion

Largest iron ore exporting port in

Canada - 25.1Mt in 2010

compared to 19.2Mt in 2009

Port Zone consists of a 10 km

sheltered port zone, with a natural

ocean basin for ships up to

400,000 dwt

Main port is over 23.2 m in depth

Accommodates Capesize or

larger vessels

Fully equipped, can be operated

year-round

50Mtpa $220M expansion plan

to be completed in 2014 with

more than $100M in commitments

from miners and governments,

$55M from federal government

Alumina

Plant

Multi user Berth

By Port of Sept-Iles

• Natural shelters, deep water for

year-round access by iron ore

ships

• Ability to expand as required

0 500 m

IOC Port



Duncan Lake Iron Project

10 km south of LG2 regional airport

50 km south of Radisson

Hydro Quebec’s LG1 & LG2 within 100 km

120 km (approx.) from James Bay

Highway 109 connects Matagami and

Radisson through the property

Mineral Resource Estimate *

(at 16% Fe cutoff – updated Oct0ber 11, 2012)

Resource

category

Million

tonnes

Grade

%

Measured 406 23.9

Indicated 645 24.7

Subtotal 1,050 24.4

Inferred 563 24.7

Well-Established Infrastructure

Duncan

Project

* NI 43-101 Technical Report, The Duncan Lake Iron Project

Met-Chem Canada Inc., Schandra Ibrango, Stephene

Richard, Yves Buro, October 11, 2012


Discount

Rate

NPV* (pre-tax)

(C$ Billions)

Payback

(years)

8% $4.1 4.2

Pre-tax IRR of 20.1%

12.0 Mtpa of pellet production at 66.3% Fe with

a mine life of 20 years

Total estimated capital costs (excluding

sustaining capital) of C$3.8 billion

Total estimated operating costs (loaded in a

ship at Port of Chisasibi, James Bay) of

C$59.17 per tonne of pellets

* NI 43-101 Technical Report, Preliminary Economic Assessment

of the Duncan Lake Iron Property , Met-Chem Canada Inc., Michel

Bilodeau, Mary Jean Buchanan, Yves Buro, Charles Cauchon,

Daniel Gagnon, Raymond Gaudreault, Daniel Houde, Schadrac

Ibrango, and Stephane Rivard, May 6, 2013

Duncan Lake Magnetite Deposit Preliminary Economic Assessment* (May 6, 2013)

Note: The PEA is preliminary in nature. It may incorporate

inferred mineral resources which are considered too

geologically speculative to have the economic considerations

applied to them that would enable them to be categorized as

mineral reserves. There can be no certainty that the

estimates contained in the PEA will be realized. In additional,

mineral resources that are not mineral reserves do not have

demonstrated economic viability.


Duncan Lake Magnetite Deposit* Capex and Opex

Operating Cost $/tonne

pellet

Mine production 24.02

Concentration and slurry

transportation 16.86

Pellet production and handling 11.45

G&A and site services 4.84

Ship loading 2.00

Total $59.17

Capital Description

Initial Capital

$ Millions

Mine 71

Crusher and ore storage 94

Concentrator 524

Mine and concentrator area

infrastructure 67

Pipeline and water reclaim 311

Pellet plant and infrastructure 1,107

Pellet storage and Infrastructure 309

Port and ship loading 250

Power and communication 180

Service vehicles and equipment 14

Tailings storage and water treatment 40

Indirect costs 363

Contingency 503

Total Initial Capital $3,833


Shipping Considerations

Commercial shipping in Hudson Bay has

been well established for 70+ years (e.g.

Port of Churchill)

James Bay water depths permit deep-sea

marine terminal for Capesize vessels, 80-

100 metres in Hudson Bay.

Up to 150 days of ice-free shipping, year-

round shipping with ice class vessels

Possible future direct North-West Passage

to Asia

Ongoing Studies

Identified two locations for port site

Extensive shipping study is underway

Partnering with shipping and

engineering companies to work out

logistic options

Duncan Lake Iron Project – Oceanic Shipping

Kuujjuaraapik

Sandy Chim

President

& CEO

Hubert Vallee

SVP, Mine Development & Logistics

Ghislain Arel, Mine Development

Robert Girardin, Logistics

Ivan Wong, CFO

Ricky Chan, VP, Planning & Operations

Claude Britt, Chief Geologist

Michael Skutezky, General Counsel & Corporate Secretary

Bob Leshchyshen, VP, IR & Corporate Development

Management For Success Mine development & logistics in place for 2015 production


New iron ore mine

development

Resource discovery

& development

China steel mill &

iron ore trading

Capital market &

building materials

Iron ore mining &

logistic operations

Co

re c

om

pete

nc

e,

ex

pert

ise

an

d e

xp

eri

en

ce

1) DSO Production target 2015

PEA Capex under C$100M – including rail cars and mining trucks

(60% contribution by Century)

60% off take to WISCO

Environmental study underway

Port of Sept-Iles to be completed March 2014

Railway access in progress

Feasibility study underway

2) Presently drilling to expand and sustain DSO operations

3) Full Moon: progressing to complete PEA by Q3

4) Management increased its ownership of FER shares

Summary



Century is the top six largest

attributable contained iron ore

resource in the world

Century is trading at the lowest EV per

contained Fe tonne

Century has more equity interest in

DSO and taconite projects with a

production target of 2015

Source: Company data, Credit Suisse estimates

Credit Suisse Analysis



Bob Leshchyshen

VP, Corporate Development and IR

(416) 977-3188 Ext. 109

[email protected]

CHF Investor Relations

Robin Cook

Senior Account Manager

(416) 868-1079 Ext. 228

[email protected]

Contact Information

mailto:[email protected]

mailto:[email protected]


Appendices


Comparable Table (based on total resources)

Prepared by: Bob Leshchyshen, MBA, CFA

Companies in the Labrador Trough NI43-101 Resources Disclosed

Stock (Mils) tonnes Proven & Measure

Symbol NI43-101 Resource Estimates Probable & Indicated Inferred Total

ADI Adriana Resources Inc. (1) 0 11,350 12,390 23,740

NML New Millennium Capital Corp. (2) 5,750 14,016 4,405 24,171

CEV Cap-Ex Ventures Ltd. 0 0 7,200 7,200

CHM Champion Iron Mines Ltd. (3) 0 858 5,720 6,577

FEO Oceanic Iron Ore 1,359 1,268 193 2,821

ADV Alderon Resource Corp. 669 1,275 523 2,466

LIM Labrador Iron Mines Holdings Ltd. 0 44.6 5.2 49.8

Major Iron Companies

MT ArcelorMittal (including Baffinland) 2,340 4,903 1,510 8,753

CLF Cliffs Natural Resources (4) 649 1,976 711 3,336

RIO Rio Tinto plc (IOC) (5) 1,374 1,091 1,372 3,837

FER Century Iron Mines Corp. (6)

Duncan Lake 0 1,051 563 1,614

Joyce Lake 0 10.0 5.6 15.6

Hayot Lake 0 0 1,723 1,723

Rainy Lake 0 7,260 8,694 15,953

Total FER 0 8,321 10,985 19,306

Total all companies 12,141 45,101 45,014 102,256

(1) Adriana: WISCO has 60% interest in the property

(2) New Millennium: Tata Steel has 80% interest in all the properties except Lac Ritchie

(3) Champion: Century and WISCO together have 60% interest in Hayot Lake property.

(4) Cliffs: WISCO has a 25% interest in Bloom Lake

(5) Rio Tinto PLC has a 58.72% interest in IOC, Mitsubishi has 26.18% interest and LIORC has a 15.10% interest.

(6) Century: Champion has 40% interest in Hayot Lake, Augyva has 35% in Duncan Lake and WISCO has 40% interest in all of the properties.

LIORC = Labrador Iron Ore Royalty Corp.


Comparable Table (based on attributable resources)


Companies in the Labrador Trough Attributable Tonnes

Contained FE tonnes Fe% Fe% Fe%

Stock (Mils) tonnes Proven & Measure Total Proven & Measure Total Proven & Measure Total

Symbol NI43-101 Resource Estimates Probable & Indicated Inferred Probable & Indicated Inferred Probable & Indicated Inferred Total

ADI Adriana Resources Inc. (1) 0 3,285 3,767 0 28.94% 30.40% 0 1,314 1,507 2,821

NML New Millennium Capital Corp. (2) 1,757 4,121 1,303 30.55% 29.63% 30.31% 351 2,493 813 3,657

CEV Cap-Ex Ventures Ltd. 0 0 2,102 0 0 29.20% 0 0 2,102 2,102

CHM Champion Iron Mines Ltd. (3) 0 172 1,670 0 30.58% 28.49% 0 277 1,320 1,597

FEO Oceanic Iron Ore 438 410 64 32.21% 32.36% 32.90% 438 410 64 912

ADV Alderon Resource Corp. 197 378 154 29.52% 29.68% 29.45% 197 378 154 730

LIM Labrador Iron Mines Holdings Ltd. 0.0 25.2 2.9 0 56.45% 55.42% 0.0 25.2 2.9 28.0

Major Iron Companies

MT ArcelorMittal (including Baffinland) 809 1,471 603 34.56% 30.00% 39.94% 809 1,471 603 2,883

CLF Cliffs Natural Resources (4) 198 595 20 30.55% 30.11% 28.60% 155 534 20 709

RIO Rio Tinto plc (IOC) (5) 522 417 521 38.00% 38.21% 38.00% 307 245 306 858

FER Century Iron Mines Corp. (6)

Duncan Lake 0 256 139 0 24.39% 24.70% 0 100 54 154

Joyce Lake 5.9 3.1 0 59.45% 55.78% 0.0 2.1 1.1 3.3

Hayot Lake 0 0 538 0 0 31.25% 0 0 194 194

Rainy Lake 0 2,191 2,596 0 30.18% 29.86% 0 1,315 1,558 2,872

Total FER 0 2,453 3,277 0 29.45% 29.81% 0 1,417 1,807 3,223

Total all companies 3,921 13,329 13,484 32.30% 29.55% 29.95% 2,257 8,564 8,699 19,52

0


Comparable Table (based on attributable resources)


Iron Ore Industry in Labrador Trough FE

EV P&P FE

With NI43-101 Resources Close Market Enterprise M&I EV/ Total* EV/

Stock 9-May 52 week Shares Cap Cash Value mils FE mils FE

symbol Name 2013 Low High O/S

(mils) $mils ($mils) ($mils) tonnes tonne tonnes tonne

NML New Millennium Capital Corp. (2) $0.95 $0.77 $1.95 180.2 $153.2 $67.8 $90.1 2,844.0 $0.032 3,657.2 $0.025

ADI Adriana Resources Inc. (1) $0.24 $0.22 $0.85 157.6 $37.8 $51.6 ($13.8) 1,314.0 ($0.010) 2,820.6 ($0.005)

CEV Cap-Ex Ventures Ltd. $0.095 $0.07 $0.60 75.8 $7.2 $2.3 $5.1 0.0 n/a 2,102.4 $0.002

CHM Champion Iron Mines Ltd. (3) $0.22 $0.19 $1.35 119.9 $26.4 $6.6 $19.8 276.7 $0.072 1,597.1 $0.012

FEO Oceanic Iron Ore Corp. $0.10 $0.095 $0.30 196.6 $19.7 $3.4 $19.4 848.2 $0.023 911.9 $0.021

ADV Alderon Resource Corp. $1.07 $1.00 $2.82 130.1 $139.3 $44.5 $94.7 575.7 $0.165 729.6 $0.130

$383.5 $176.3 $215.4 5,858.6 $0.037 11,818.8 $0.018

FER Century Iron Mines Corp. (4) $0.42 $0.30 $1.98 94.5 $39.7 $43.8 ($4.1) 1,416.7 ($0.003) 3,223.4 ($0.001)

* Total includes Proven and Probable, Measure and Indicated and Inferred Resources.

(1) Adriana: Wisco has 60% interest in the property

(2) New Millennium: Tata Steel has 80% interest in all the properties except Lac Ritchie

(3) Champion: Century and WISCO together have 60% interest in Hayot Lake property.

(4) Century: Champion Iron Mines has 40% interest in Hayot Lake, Augyva Mining Resources has 35% in Duncan Lake and WISCO has 40% interest in all of the properties.

108 112 127 128 137 162 181 185 197 210 219 15 34 44 54 70 82 93 103 113 200

296 288 229 285

312 310 323 336 344 353

167

177 191 217

239 248

269 283

300 308

317

326 384

444

628 619

687 761

845

933 1,008

1,079

781

852 837

930

1,032 1,094

1,119 1,241

1,356

1,442

1,530

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2006 2007 2008 2009 2010 2011 2012 2013F 2014F 2015F 2016F

Rio Tinto Vale FMG BHP China Demand World Seaborne

Big 3 produced more than

China bought

China is expected to buy more

from the big 4 than they can

produce

The big 4 have dominated the supply side, but even they can’t

keep up with China’s growing reliance on seaborne ore. This

creates room for new suppliers.

Source: CRU

Mtpa


92 111 148 208 275 326 383 444

628 619 687 745

148 176

210 232

299

353

406 382

303 409

415

398

0

20

40

60

80

100

120

140

160

180

200

Ja

n-0

1

Ma

y-0

1

Sep

-01

Ja

n-0

2

Ma

y-0

2

Sep

-02

Ja

n-0

3

Ma

y-0

3

Sep

-03

Ja

n-0

4

Ma

y-0

4

Sep

-04

Ja

n-0

5

Ma

y-0

5

Sep

-05

Ja

n-0

6

Ma

y-0

6

Sep

-06

Ja

n-0

7

Ma

y-0

7

Sep

-07

Ja

n-0

8

Ma

y-0

8

Sep

-08

Ja

n-0

9

Ma

y-0

9

Sep

-09

Ja

n-1

0

Ma

y-1

0

Sep

-10

Ja

n-1

1

Ma

y-1

1

Sep

-11

Ja

n-1

2

Ma

y-1

2

Sep

-12

Ja

n-1

3

0

200

400

600

800

1000

1200

1400

Import Iron

Implied Domestic Concentrate

Spot Price

31

US$ /t Mtpa

China’s iron ore sources vs spot prices

China’s growing reliance on imports Buying 70% of seaborne iron ore

Source: Index Mundi, Century Century Iron Mines Corporation

693

110

726

255

981

182

527 709

449

1,158

29

48 77

87 164

0

500

1000

1500

2000

2500

2002 2002-2012Growth

2012 2012-2021Growth (CRU)

2021 (CRU)

ROW China India

904

685 1,512

813

Developing Countries Driving Future Steel Growth

2303

Mtpa

Other

developing

economies 183

Developed

economies 72

Over the next 10 years:

Developing economies drive growth

Ex-China developing countries contribute 1/3

of global growth and > 1/2 of China’s growth

for the same period

China, though slowing down, still contributes

58% of tonnage growth

Source: World Steel Association, CRU, Century Century Iron Mines Corporation 32

95 101 109 115 124 129 152 182 222 273 356 421 490 512 577 637 683 709 749 770 806 838

22 24 24 23 24 27 27 29 32

33

46 49

53 58 64

68 72 77

80 86 92

98

635 625 666 639 641 694 672 693 716

756 745

779 804 771 595

723 735 726

741 801

825 848

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

World Ex-China/India

India

World production went from 100Mtpa in 1927 to 700Mtpa+ in 1974:

47 years, a world war & baby boom

China’s growth from 101Mtpa in 1996 to 709Mtpa in 2012:

Just 16 years in peace time

Source: World Steel Association, CRU, CISA, Century

Global Crude Steel Production Trend

Mtpa

A matter of Size & Speed


Profile raising $600M

BFS

70% debt financing

60-70% product presold

Lead order of $900M from

partner (top up)

FER valuation supported by

BFS & very substantial

resources/reserves

Production Capex: $5B

Shared pro-rata JV

financing with SOE

Financing Strategy Illustration A User-Banker Model With Strategic Partner

34

in m

illi

on

s o

f $

FER financing

Total project

development &

production cost

70%

18%

12%

50 100

3500

900

600 5150

0

1000

2000

3000

4000

5000

6000

Fund source fromSOE strategicpartnership


Iron Ore Spot Price Trend


Closing price @ May 3rd, 2013

$128.10

$17.65

$110.45

Spot Freight Rate (Brazil-China)


Schefferville Projects: Location & Geology

MI&I 3.46 Bt @ 31.24% Fe (average)

MI&I 5.13 Bt @ 29.4% Fe (average)

Proven classic iron formation in a mining camp

* Information regarding reserves, resources and production capacity are from management and publicly available sources including press releases and NI 43-101 technical reports filed on

www.sedar.com. Century has not confirmed the resource and reserve data and it cannot be relied upon.

10.0 Mt @ 59.45% Fe (M&I)

5.6 Mt @ 55.78% Fe (Inf)

11.35 Bt @ 28.94% Fe (M&I)

12.39 Bt @ 30.40% Fe (Inf)

Hayot Taconite Deposit

1.72 Bt (Inf) @ 31.25% Fe

Central Section, Labrador

Trough

Knob Lake Group

Sokoman Iron Formation,

equivalent to Wabush Iron

Formation at South

Adriana (WorldLink & WISCO)

New Millennium (Tata Steel)

Schefferville

Otelnuk

Deposit*

Labrador

Trough

Lac Le Fer DSO target

Joyce Lake

DSO Projects: Tata/MNL –

Capex: C$560m

Century’s

Projects

LabMag*

KéMag* Joyce Lake

DSO

Full Moon Taconite

Deposit

7.3 Bt @ 33.18% Fe (M&I)

8.7 Bt @ 29.86% Fe (Inf)

http://www.sedar.com/

century iron corporate presentation - may 2013

Economy & Finance

bt resources

forwardlooking statements

management note

forwardlooking information

iron ore spot price

development projects

resources hayot joyce

joyce lake dso resource