Latin Down Under

Presentation May 2012

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.

2 May 2012

Latin Resources Limited (ASX Code: LRS)

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

Over 3 years of exploration work and $10m spent to date

Listed on ASX September 2010

Cape Lambert Australia Second largest shareholder

RMB Resources (FirstRand Bank) acquired 5% in May

Junefield Chinese Group acquired 16.8% for $8.4m (28c) 2012

Strong Management team

May 2012 3

Peru – 2010 Mineral Production Rank

Mineral World Latin America

Silver 1 1

Copper 2 2

Zinc 2 1

Lead 4 1

Gold 6 1

Iron 17 5

May 2012

(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)

4

Latin Resources Limited Achievements since listing on ASX

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

Completed exploratory drilling program at Ilo

Completed Initial JORC Resource at Guadalupito (Snowdens)

Appointed Ausenco for Guadalupito Scoping Study

Secured Joint Venture Partner for Mariela –Junefield Group

May 2012 5

Project Portfolio & Strategy

• Close to Port & Infrastructure

• Focus on Flagship project Guadalupito

• Situated in area surrounded by major International Resource Sector Players

6 May 2012

Latin Resources

Guadalupito

Project

Latin Resources

Ilo & Mariela

Projects

Latin Resources projects

7 May 2012

Guadalupito Iron & Mineral Sands Project

• Total holding of 16,000 hectares

• The port town of Chimbote is 25 Kms south

• SiderPeru Steel works (Gerdau Group) is located in Chimbote

• Close to infrastructure

Chimbote Port

Guadalupito

Project

8 May 2012

Guadalupito Iron & Mineral Sands

Project

Conceptual exploration target of 2 Billion tones 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, Ilmenite , and Andalusite have been identified.

*On 9 and 10 May 2011 Latin announced a conceptual exploration target of 2 billion tons of mineralised sediment at Guadalupito (within a range 2.0-

2.6 billion tones). This conceptual exploration target was based on an estimated area of 6000 hectares of prospective sediments generated from

detailed field mapping, a mineralised depth of 20 m as suggested by initial test drilling and an estimated S.G. of 1.8-2.2. Work conducted at

Guadalupito to date highlights good potential for economic content of: Magnetite (3.5% - 15.1%) ,Andalusite (5.3% – 16.5%) ,Gold (6 - 556 mg/m3)

and potentially economic content of: Monazite (REE) (trace – 1.7%) ,Zircon (trace – 1.1%) ,Ilmenite (trace – 2.8%) ,Wolframite (trace). 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.

9 May 2012

Sonic Drill Rig Guadalupito

10 May 2012

May 2012 11

Iron Ore (Magnetite)

Initial JORC Inferred Resource (Snowdens)

Above water table JORC Resource – 38MT @8.9% Heavy Mineral

Below water table JORC Resource – 81MT@ 4.1% Heavy Mineral

Total JORC inferred Resource of 119MT @ 5.7% Heavy Mineral

Initial JORC carried out over 682 ha - Total Concession Hectares 16,437 - 682 ha is only 5% of total concession area

68 Sonic Holes completed – Total drill program of over 1000 holes

*

12 May 2012

Peer % Heavy Mineral Comparison

13

WorldTitanium

Resources -Madagascar

LatinResources-

Peru

BaseResources -

Kenya

Rio Tinto* -S.Africa

Kenmare-Mozambique

MatildaZircon -

Australia

MineralDeposits -Senegal

Heavy Minerals (%) 6.54% 5.70% 4.90% 4% 3.00% 2.52% 1.70%

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

Heavy Minerals (%)

Heavy Minerals (%)

May 2012

Scoping Study Brief- Ausenco

Develop of early cash flow based on a 10Mt pa dry mining operation to produce;

• Magnetite

• Gold

• Andalusite

Develop eventual target of a 30 to 35 Mt pa operation to produce other minerals ;

• Zircon

• Ilmenite and other Ferro-Titanium oxides

*

14 May 2012

Stage 1 Concept – 10 mtpa Dry surface Mining Operation

MINING VOID

HMC STOCKPILE

NON-MAG

SPIRALS

GOLD CONCENTRATE

“GOLD CON”

WET TABLE

PORT

THICKENER

SPIRAL CIRCUITSCREENING

DESLIMING

WCP

SAND

TAILS

CLAY

FINES

Mining

LIMS

MAGNETIC

SEPARATION

NON-MAG STOCKPILE

MAGNETITE

STOCKPILE

SUPER-CON

CONCENTRATE NON-MAGNETICS

MSP

RE

JE

CT

S

STAGE 1 CONCEPTUAL

FLOWSHEET

15 May 2012

Stage 2 Concept – 35 mtpa Dredging Mining Operation

MINING VOID

HMC STOCKPILE

NON-MAGNETIC

SPIRAL CIRCUIT

GOLD CONCENTRATE

“GOLD CON”

WET TABLE

PORT

SPIRAL CIRCUITSCREENING

DESLIMING

WCP

SAND

TAILS

CLAY

FINESMining

LIMS

MAGNETIC

SEPARATION

MAGNETITE

STOCKPILE

LIMS NON-MAGS

HT SEPARATIONNON-MAG

CONDUCTOR

MAGNETIC

SEPARATION

NON-MAGNETIC

NON-CONDUCTORS

MAGNETIC

SEPARATION

CONDUCTORS

NO

N-

CO

ND

UC

TO

RS

MAGNETIC TIO2

PRODUCT

NON-MAGETIC

TIO2 PRODUCT

WET ZIRCON

SPIRAL CIRCUIT

ZIRCON

PRODUCT

RE

JEC

TS

RE

JEC

TS

NON-MAGNETICS

MAGNETICS

RE

JEC

TS

SUPER-CON

CONCENTRATE

MSPNON-MAGNETICS

STAGE 2 CONCEPTUAL

FLOWSHEET

16 May 2012

Potential Mining Operation & Example of Concentrate

17 May 2012

Latin Resources

Ilo Projects

Mariela

Latin Resources Ilo projects

18 May 2012

Ilo District 2008

Southern

Copper

Chile

Latin

Resources

Latin

Resources

Ilo Port

19 May 2012

Anaconda

(Antofagasta) Ilo Port

Mariela

BHP

Southern

Copper

Metminco

Ilo 2012 – Latin Resources controls 100,000 HA

May 2012 21

Ilo Norte Drilling

May 2012 22

Drill results Ilo Norte

Iron and copper mineralisation in all 8 initial exploratory holes 120m from 24m @ 0.13% Cu, 20.38% Fe in hole IN-02

Gold anomalism coincident with Copper mineralisation 14m from 52m @ 0.55% Cu, 0.13g/t Au in hole IN-02 and

22m from 254m @ 0.25% Cu, 0.09g/t Au in hole IN-03

Anomalous Zinc values Mineralised unit more than 250m thick Infill drilling planned 1st Quarter 2012

Mariela

• Large anomaly

• Excellent Iron Oxide Copper Gold (IOCG ) District

• Close to Port and highways

• Drilling commenced May 2012

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

• LRS 30% free carry during this phase

23 May 2012

Mariela - 3D Gravity Model

24 May 2012

Mariela Drill Program (12,000 m)

25 May 2012

Mariela Drilling

26 May 2012

Strategy and Goals for 2012

Expand JORC inferred resource at Guadalupito

Complete Scoping study at Guadalupito

Complete 12,000 m drilling program at Mariela

Commence detailed exploration program at Ilo concessions

Increase shareholder value by achieving sound fundamental milestones

27 May 2012

LRS - Capital Structure

Shareholding Shares Options

Total Shares 180,921,141 62,450,000

Market Cap @ 30c $54 million March 2013 exercisable@ 30c

Junefield Group major Shareholder with 16.8 %

Cape Lambert shareholding 12%

Top 30 Shareholders represent 70% of shareholding

$5m in cash

Options exercisable in March & June 2013 @30c - $18m cash

28 May 2012

Peer Market Cap – ASX *

54

200

34

86

280

0

50

100

150

200

250

300

Mkt Cap

Latin Resources- 119MT

Base Resources- 262MT

Maltilda Zircon-66 MT

World Titanium- 700 MT

Metminco-Copper Peru

$ m

Iluka - $6B+

29 May 2012 * As of 30th April 2012

Thank You and Questions

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.

*On 9 and 10 May 2011 Latin announced a conceptual exploration target of 2 billion tons of mineralised sediment at Guadalupito (within a range 2.0-2.6 billion tones). This conceptual exploration target was based on an estimated area of 6000 hectares of prospective sediments generated from detailed field mapping, a mineralised depth of 20 m as suggested by initial test drilling and an estimated S.G. of 1.8-2.2. Work conducted at Guadalupito to date highlights good potential for economic content of: Magnetite (3.5% - 15.1%) ,Andalusite (5.3% – 16.5%) ,Gold (6 - 556 mg/m3) and potentially economic content of: Monazite (REE) (trace – 1.7%) ,Zircon (trace – 1.1%) ,Ilmenite (trace – 2.8%) ,Wolframite (trace).

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.

30 May 2012