DEVELOPING WORLD CLASS IRON ORE &

SPECIALTY METAL ASSETS

DEVELOPING WORLD CLASS IRON ORE &

SPECIALTY METAL ASSETS

Cautionary Note

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CORPORATION (THE “COMPANY”) AND MAY NOT BE REPRODUCED IN ANY FORM OR FURTHER DISTRIBUTED TO ANY OTHER PERSON OR

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APPLICABLE SECURITIES LAWS.

This presentation does not constitute or form part of, and should not be construed as, an offer to sell or issue or the solicitation of an offer to buy or acquire

securities of the Company or any of its subsidiaries nor should it or any part of it, not the fact of its distribution, form the basis of, or be relied on in connection

with, any contract or commitment whatsoever. This presentation has been prepared by, and is the sole responsibility of, the Company. This document, any

presentation made in conjunction herewith and any accompanying materials are for information only and are not a prospectus, offering circular or admission

document. This presentation does not form a part of, and should not be construed as, an offer, invitation or solicitation to subscribe for or purchase, or dispose

of any of the securities of the companies mentioned in this presentation. These materials do not constitute an offer of securities for the sale in Canada, the

United States or elsewhere or an invitation or an offer to the public or form of offer or commitment whatsoever. The information contained in this presentation

has not been independently verified. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness,

accuracy or completeness of the information or the opinions contained herein. The Company and its advisors are under no obligation to update or keep current

the information contained in this presentation. To the extent allowed by law, none of the Company or its affiliates, advisors or representatives accept any liability

whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with

the presentation. Certain statements in this presentation constitute forward-looking statements, including statements regarding the Company’s financial position,

business strategy, plans and objectives of management for future operations. These statements, which contain the works “believe”, “expect”, “anticipate”,

“intends”, “estimate”, “forecast”, “project”, “will”, “may”, “should”, “could”, and similar expressions, reflect the beliefs and expectations of the management board

of directors of the Company and are subject to risks and uncertainties that may cause actual results to differ materially. These risks and uncertainties include,

among other factors, the achievement of the anticipated levels of profitability, growth, cost and synergy of the Company’s recent acquisitions, the timely

development and acceptance of new products, the impact of competitive pricing, the ability to obtain necessary regulatory approvals, and the impact of general

business and global economic conditions. These and other factors could adversely affect the outcome and financial effects of the plans and events described

herein. Neither the Company, nor any of its respective agents, employees or advisors intend or have any duty or obligation to supplement, amend, update or

revise any of the forward-looking statements contained in this presentation. The information and opinions contained in this document are provided as at the date

of this presentation and are subject to change without notice. This document has not been approved by any competent regulatory or supervisory authority. This

presentation also includes the use the phrase “economic levels” and contains estimates of mineral resources which are management’s belief only based on

historical data and other reports from previous exploration programs on the properties which were not prepared in compliance with current securities laws. The

accuracy and reliability of such data and reports is uncertain. The potential quantity and grade of the deposits is conceptual in nature as there has been

insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the deposits being delineated as mineral resources. A

qualified person has not conducted sufficient work to classify historical estimates as current mineral resources or mineral reserves and such historical estimates

should not be treated as current mineral resources or mineral reserves. Additional drilling, sampling and exploration is required to verify any historical estimates

as current mineral resources or mineral reserves. The qualified person for the purposes of this presentation is Dr. Christian Derosier, P. Geo., Consulting

Geologist and VP of Exploration.

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The Company PacificOre Mining Corp. is an iron ore and specialty metals (Titanium & Vanadium) exploration and development company with projects in Quebec & Ontario and is a member of The Vanadium International Technical Committee www.vanitec.org/.

Team (see Appendix for further details)

• Geology – Christian Derosier(P.Geo.), Roger Moore (P.Geo), Mehmet Taner (Ph.D, PGeo). • Engineering – Gaston Gagnon(P.Eng.), Dennis Bordin(P.Eng.), & SGS Geostat. • Finance – Key Strategic Partnerships through advisory board (International Appointments TBA). • Technology – Dr. Maria Skyllas Kazacos – Inventor of Vanadium Redox Battery that is now being

commercialized globally.

Projects • Secured two under valued advanced stage resource projects targeting production for the fastest

growing segment of the steel sector (Vanadium enriched - HSLA steel).

Strategy • Rapid advancement with significant value add. • Qualify and expand significant historic resource to NI 43-101 compliance with single drill program at Lac Dore project with positive metallurgy. • Preliminary economic assessment and feasibility studies on both projects. • Advance to production and promote sale of assets.

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PacificOre Mining Corp. Ownership • Management ~ 15%

• Close Associates ~ 40%

Investment Highlights

• Two of the largest Iron, Vanadium & Titanium deposits in world.

• Rich Fe-V-Ti mineralization at surface, low mining dilution, low tariffs with all infrastructure in place.

• Superior metallurgy allows separation of all three metals comparable only to the the PanzhiHua deposit in China (Vanadium City) which recovers Vanadium, Iron and Titanium at significantly lower grades. All other Vanadium producers must dispose of Iron or Titanium or both as waste.

• Quebec is one of the best areas to mine in the world and provides a government tax rebate of ~ 40%.

• Uncommitted Future Production - Most existing Vanadium mines have pledged the majority of their future production for existing vanadium applications

• Poised to become America’s largest Vanadium supply and one of the lowest, if not the lowest cost primary producer of Vanadium, Iron and Titanium in the world.

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1. Establish a powerful, sustainable, and competitive domestic based (North American) Iron ore (titanomagnetite concentrate) and ferrovanadium industry.

2. Establish a profitable and stable domestic Vanadium and Titanium mining, processing, refining, production industry as the world's most significant new source of Vanadium and one of the worlds top feedstock Titanium producers.

3. Establish a dominant and world leading domestic Vanadium /Titanium alloy industry in Quebec, Canada (vertical integration).

Core Objectives

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New Slide Title Goes Here Quebec Vanadium Project Portfolio Statement from Government of Quebec “There's an Iron Rush On!” “The price of iron products has soared in the past decade, from $20 a metric ton in the early 2000s to $120 in 2010. Experts forecast that demand for iron products will remain strong for the next five years, making this a good time to develop new iron mines in Québec. The startup of the Lac Bloom mine and the announced reopening of iron mines near Schefferville (DSO) are clear signs of the vitality of Québec’s iron market.”

LAC DORE

IRON-T

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The Lac Dore Deposit, Chibougamau • Large Iron-Titanium-Vanadium project +100Mt

estimated in-ground tonnage potential (non NI 43-101 compliant)*

• Centrally located in the near-term production area

already financed by Chinese steel companies.

• Potential for significant high-grade

(Vanadium Enriched) direct ship iron ore (DSO)

• Favorable Logistics - Open pit operation, Road access,

CN Rail Line & 161 kV Power.

• Government owned since the 60’s and subject to over

30 years of positive assessment work. Established

previously as the largest Vanadium deposit

in America.

• DSO would provide opportunity for quick entry to cash flow.

*Based on the resources calculated by the Allard and Girard (1998) and SNC-Lavalin (2002) studies. The potential quantity and grade is conceptual in nature, currently there has been insufficient exploration to define a mineral resource. It is uncertain if further exploration will result in the target being delineated as a mineral resource.

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Lac Dore Project Location

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PacificOre Mining Claims

New Slide Title Goes Here Shipping Access Lac Dore Photos

• Mechanical clearing of overburden (soil & moss) revealed significant mineralization.

• PacificOre Mining will utilize positive results from previous work and assessment to

outline targets for it’s 2012 drill programs

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New Slide Title Goes Here Shipping Access Lac Dore - Regional Activity

DEVELOPING

WORLD

CLASS IRON

ORE &

SPECIALTY

METAL

ASSETS

• Development in the region has begun, and the adjacent mine anticipates production to be feeding Chinese steel mills by 2014.

• Currently a $600M+ CDN Capex financing, EIS and mine permit application process is nearing completion on adjacent mine plan owned by the Chinese.

• PacificOre Mining owns the central claim assemblage referred to in the 2002 SNC Lavalin Study* as the “Main Ore Zone,” and the North Extension of the deposit where mineralization is at or near surface.

*Based on the resources calculated by the Allard and Girard (1998) and SNC-Lavalin (2002) studies. The potential quantity and grade is conceptual in nature, currently there has been insufficient exploration to define a mineral resource. It is uncertain if further exploration will result in the target being delineated as a mineral resource.

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Lac Dore Vanadium Deposit

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New Slide Title Goes Here

2012 Lac Dore Drill Program

Objectives:

• Establish Indicated and Measured Mineral Resources by confirming and expanding historic

assessment. (16 Drill holes – 3200 Metres)

Phase 1 - Confirmation drilling consisting of four “twin” drill holes:

– confirmation of the geological and mineralogical context as well as the thickness and grade of the mineralisation.

– Initiate NI 43-101 report with resource calculation and metallurgy

– Qualify the previous resources calculated by Allard and Girard (1998) and SNC-Lavalin (2002) (non NI 43-101 compliant).

Phase 2 - Expansion drilling consisting of ten drill holes

– Targeting increase in tonnage of the resource and bring majority to measured mineral resource status & update NI-43-101

– Confirm the extension at depth of the mineralized zones and to fill some gaps in the previous drilling pattern.

Phase 3 - Six additional holes planned verify the NE extension of the vanadium deposit. – Located between the main zone and the eastern boundary of the property.

– Targeting substantial resource addition to the project.

• Detailed geological mapping of project area

• Reach Pre-Feasibility study level.

*Based on the resources calculated by the Allard and Girard (1998) and SNC-Lavalin (2002) studies. The potential quantity and grade is conceptual in nature, currently there has been insufficient exploration to define a mineral resource. It is uncertain if further exploration will result in the target being delineated as a mineral resource.

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New Slide Title Goes Here Lac Dore Photos

Massive Magnetite High grade Zone

Vanadium/ Titanium/Iron

Surface stripping

Lac Dore

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• Large Iron-Titanium-Vanadium project +250Mt estimate of tonnage potential (non NI 43-101 compliant)*.

• Mineralogy virtually identical to Lac Dore Complex and the Bushveld Complex (the largest primary source of Vanadium in the world).

• Rich Vanadium, Iron and Titanium mineralization at or near surface with drilling confirmation of minimum 22.5km strike length & open at depth of 300 Metres.

• Initial resource delineated over 1.5km strike-length – 14.38 Mt of 0.78V2O5 Inferred NI 43-101 Compliant in the “Genesis Zone”

– 2011 NI 43-101 Report includes positive metallurgy.

• Previously privately held by Mehmet Taner, Mineralogist and associates- leading Vanadium experts, geophysicists, geologists and mineralogists.

• Quebec, Canada - top global jurisdiction for exploration & mining.

*Based on the Abitibi Geophysics technical report. The potential quantity and grade is conceptual in nature, currently there has been insufficient exploration to define a mineral resource. It is uncertain if further exploration will result in the target being delineated as a mineral resource.

Iron -T Project, Matagami

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Iron-T Project Location

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Source:

SGS GEOSTAT NI 43-101 on Iron-T dated June, 2011

$USD/Tonne

Current Tonnage: 14.38 Million Tonnes at 0.78 Vandium EQ Inferred

• Positive Metallurgy - Vanadium recovery averages over 79% , Iron recovery averaged 56% & Titanium recovery was up to 55.50% utilizing SGS Geostat Method

2011 Iron-T – Genesis Zone NI 43-101 Resource

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PacificOre anticipates the Titanium values may cover the cost of mining and processing at the production phase.

Industry Standard Processing

Iron -T - Photos

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Fourth drill program is complete and has confirmed consistent grade mineralization across the entire 22.5 km strike length.

GENESIS ZONE 14.38Mt Resource of 0.78V EQ Inferred over 1.5km, NI 43-101 Compliant

Iron –T – Genesis Zone – 2012 Systematic Drilling Targets

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• Large Iron-Titanium-Vanadium project – Tonnage potential similar to Lac Dore

and Iron-T projects

• Two distinct mineralized zones, the West Structure and East Structure

each presenting excellent potential to host economic Vanadium-Iron-Titanium

deposits. This unique mineralogy is consistent exclusive to PacificOre’s other

V-Fe-Ti projects in Quebec.

• Favorable Logistics - Infrastructure

in place, close to the mining camp of

Timmins, Ontario.

• Current assays taken by PacificOre

are consistent with PacificOre’s other

projects. Further development will

commence in 2012.

Game Changer Project, Ontario

Beneficiation & Metallurgy

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• Concentrate grade between 1.145 & 1.60% V2O5 at Lac Dore Deposit (non NI 43-101)

1st Level Production Simple beneficiation - concentrate with coarse crush followed by low-strength magnetic separation.

1. Vanadium enriched magnetite concentrate. 2. Titanium enriched Ilmenite concentrate.

Secondary Production – FeV*, FeTi, Fe, V205, TiO2

*Process for FeV Production • Roasting of this concentrate with sodium carbonate (a source of CO2 and sodium) in a rotary kiln to convert the vanadium to water soluble sodium vanadate. • Leaching of the vanadium with water. • Desilification of the pregnant solution using sulphuric acid and aluminium sulphate • Precipitation of ammonium metavanadate using ammonium sulphate • Conversion of ammonium metavanadate to vanadium trioxide (V2O3) to FeV.

Flow Sheet for production of Ferro Vanadium (FeV)

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Vanadium Sector Dynamics and Trade Flows

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Legend

Countries Production (In metric tonnes)

China 23,000 South Africa 18,000 Russia 14,000 Other 1,000 SOURCE: USGS MINERAL COMMODITY SUMMARY 2011

Early stage Vanadium Projects

Lac Dore Deposit Production projected to commence 2014

Current Producers of Vanadium

North America Imports Approximately

98% of its Vanadium

North America Imports Approximately

98% of its Vanadium

Investment

Japan

China US $26/kg

Source: Bloomberg -ferrovanadium 80 price, November 2011.

Demand factors • Heightened global demand for high strength

low-alloy steels and titanium alloys .

• China grade 3 rebar standard coming into

effect.

• EU Vanadium restocking.

• Earthquake and

tsunami reconstruction

• Developing Vanadium

Redox battery

Supply factors • US feedstock supply deficit resulting from shift in oil to shale gas fired

power generation. Lac Dore benefits from Canada free trade with US.

• South African supply uncertainties – Power and Labour.

• Chinese capacity less than forecast and Vanadium price pressure.

The Bower Building Suite 1600 – 543 Granville Street Vancouver, BC, Canada V6C 1X8

Toll Free Phone Number: 1-800-663-8990 Head Office Phone Number: 604-683-8990 Facsimile: 604-683-8903

Toronto Venture Stock Exchange Ticker Symbol “PC” 25

Contact Contact W. Adrian Bakker, VP Corporate Communications

Email: info@pacificoremining.com Website: www.pacificoremining.com

Appendix

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Patrick D. O'Brien, ICD.D - President/CEO - Director • Involved in the resource sector for over thirty years

• Instrumental in development of the Raglan, Nickel-PGM belt in Quebec, Canada

• Guided the company through acquisition of it’s key Vanadium-Iron-Titanium assets.

Dr. Christian G. Derosier, P.Geo – Director & VP Exploration • Dr. Derosier has more than 40 years of exploration experience.

• Founder, Director and President of a number of Canadian mining companies and credited with numerous major discoveries.

Dennis Bordin, P.Geo – Professional Mining Engineer - Director • Professional mining engineer with 30 years of experience in the industry.

• Experience in all aspects of the business both domestically and internationally, including mineral exploration, mine feasibility,

open-pit/underground operations, smelting and refining.

• Was a key team member of various operations for Falconbridge, Noranda and Iron Ore Company of Canada.

Mehmet Taner, P.Geo - Consulting Geologist and Mineralogist • More than 25 years of experience in the mining industry

• Previous owner of claims covering the Bell River Complex

• Spearheaded the International Symposium on Vanadium which was held in 2002 in Montreal

• He has published over 30 papers in revered journals and produced over 200 technical reports and presentations.

Dr. Maria Skyllas-Kazacos – Professor Emeritus, School of Chemical Engineering at University of NSW • Known worldwide as the scientific researcher who is credited with the invention of the Vanadium Redox Battery (VRB).

• Pioneering “Generation 2” Vanadium Batteries that are now being commercialized world wide.

Josh Kalter – Metals Trader & Finance Consultant • President & Owner at Masterloy Product Company – Leading North American producer of ferrovanadium and

ferromolybdenum for over 50 years.

• Director- Capital Markets at The Dalmore Group - Leads firm in raising capital for global metal & mining operations.

• President at Network Metals LLC - Import and Distribute Metals and Ores on a Global Basis & consultation.

New Slide Title Goes Here Management & Team

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• Titaniferous magnetite ore (Same type as PacificOre owns 100%) is the most important source of making Vanadium. It presently accounts for close to 90% of the world V2O5 production today.

• There are three kinds of companies process this type of ore that produce Vanadium and Steel. Those that:

1. Only produce Vanadium. (Titanium and Iron Waste )

2. Produce Vanadium and Steel only. (Titanium Waste)

3. Produce Vanadium, Titanium and Steel in the Ore (Only PanzhiHua, China (lower grade)

The magnetite from PacificOre has the superior

metallurgy to separate Iron, Vanadium and Titanium.

Major Advantages over Producing Mines

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Production Comparable

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• The Bushveld Complex is a layered igneous intrusion, which is the same deposit type as

PacificOre’s deposits.

• The difference is that enormous Bushveld mafic intrusion lies flat, is quite thin (1.5m) and therefore

must be mined underground. Essentially, it is horizontal vs. vertical thus not at surface.

• At Bushveld it is also necessary to leave 50% of the mineralization in place to support the mines

underground structure. This is not necessary in open pit mining.

Currently the Bushveld

Complex is the largest

Vanadium-Rich

Magnetite Deposit

in the World.

Infrastructure

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• Road access: In immediate vicinity

• Power: 20-60 km to electric

substations. (161 Kv main power)

• Railway: 20-30 km to Rail Head

• Port: 300 km to Saguenay Port and

580 km to Quebec Port. Both can currently handle large capacity

freight with multiple docking for vessels, cranes and loading equipment.

Road Accessible

Electrical Substation

CN Railway

Saguenay Terminal

Quebec Terminal

New Slide Title Goes Here Shipping Access High Grade V-Fe-Ti Ore Bodies

Iron-T Camp Lac Dore Camp

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New Slide Title Goes Here High Grade V-Fe-Ti Ore Bodies Backscattered-electron microprobe images of vanadium-rich samples:

Variable contacts between

homogeneous ilmenite (IM) grains

and grains of vanadium-bearing

magnetite (MN) plus trellis-textured

ilmenite. (10mm scale bar).

Sharp contact between a

homgeneous ilmenite (IM) grain

and a magnetite (MN) grain

containing trellis-textured ilmenite

lamellae (10mm scale bar).

Iron-T Mineralization Lac Dore Mineralization

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Iron ore • Key economic parameters are grade, grain size, contaminants. Usually economic at >25%Fe. • Global production ~2 bT/yr – main producers China, Australia, Brazil & India. • Demand from emerging markets combined with tight supply has led to strong price growth -

$144/t.

Vanadium • Mainly used in specialty steel alloys to improve strength. Also Ti-alloys (aerospace), catalysts

and energy storage. 2010 production – 56kT. • Vanadium battery market expected to grow substantially in the next five years • Sold as ferrovanadium ($26/kg) or V2O5 ($12.54/kg) – not on mercantile exchange. • Market forecast to be in balance to 2015 then likely into deficit. Titanium • Strong, lightweight, corrosion resistant metal used in pigment, aerospace, military,

automotive, medical & sporting goods industries. • Supply shortfall has led to a 179% increase in TiO2 price since 2009 (95% TiO2 ~$2,590/t). • Variety of metallurgical processes and product streams depending on feedstock.

Iron Ore & Speciality Metals

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Price Trends

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Price Trends

New Slide Title Goes Here Vanadium Uses and Industry Structure

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Vanadium Price Performance

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