Lara Investor Presentation

1. South American Prospect Generator 1

2. Forward Looking Statements
• Except for statements of historical fact relating to theCompany, certain information contained hereinconstitutes forward-looking
statements.Forward-looking statementsare frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”,
“anticipate” and other similar words, or statementsthat certain events or conditions “may” or “will” occur. Forward-looking statements are
based on the opinions and estimates of management on the date the statements are made, and are subject to a variety of risks and
• uncertainties and other factors that could causeactual events or results to differ materially from thoseprojectedin the forward-looking
statements.There can be no assurance that such forward-looking statements will prove to be accurate,as actual results and future events
could differ materially from thoseanticipated insuch statements. Accordingly, readersshould not place unduereliance on such statements.
• The Company does not undertake to updateany forward-looking statements that are incorporated by referenceherein, except in
accordance with applicable securities laws. For a description of material factors that could causethe Company’s actual results to differ
materially from the forward-looking statements, please reviewthe Company’sManagement Discussion & Analysis and Financial Statements
filed on www.sedar.com.
• Michael Bennell, Lara’s Vice President Exploration and a Fellow of the Australasian Institute of Mining and Metallurgy, is aQualified Person
as defined by National Instrument 43-101Standardsof Disclosure for Mineral Projects of the Canadian Securities Administrators, and
approved the written disclosure of thetechnical information inthis presentation regarding the Company’s projects.
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3. Introduction
• TSXV listed mineral exploration company active in Brazil, Peru, Colombia and Chile.
• South America-based management team with a history of exploration success.
• Multi-commodity mineral property portfolio: precious metals, base metals,
industrial minerals, agricultural commodities and coal.
• Prospect Generator business model with exploration funding derived from joint
ventures, partnerships and the sale of projects.
• Recent exploration success at Liberdade (Brazil) in partnership with Codelco, with
significant near-surface copper-gold mineralization intercepted in drilling.
• Exchange ticker symbol: LRA.V
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4. TSX Venture Exchange 2002-Present
• The last junior resource bear market ran from 1997 to about 2002
• TSX-V then rose to a peak in 2007, commodity prices peaked in 2011
• TSX-V dropped for 4 years and has now more or less flat-lined since Jan-2015
• Exploration and development companies now look VERY cheap when compared to other
equities that have been in a 7-year bull market
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S&P 500
TSX-V

5. Source: Brent Cook – Exploration Insights
RelativeValue
12
10
8
6
4
2
0
Concept Pre-discovery Discovery Feasibility Development Startup Deplete
Speculators
Leave
Orphan
Period
Institutional
Investment
Sold to a
Miner
Full Value
Timelines for Exploration and Development
5
• Project timelines are longer than the market cycles, the Prospect Generator business
model allows Lara to remain active through the cycle and stay focused on finding the
value-add discoveries that reward shareholders
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6. 0
50,000
100,000
150,000
200,000
250,000
$0.00
$0.50
$1.00
$1.50
$2.00
$2.50
2006-03-23 2008-03-23 2010-03-23 2012-03-23 2014-03-23
Volume
Price(CAD)
Lara Share Price Chart 2006 to Present
ReviewingPotential
Portfolio
Acquisitionsat
Appropriate
Valuations
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$5m Equity
Financing
Sale of Non-Core
Assets to Raise
Finance 2013-2016
Copper Discoveries
In Brazil
Maxy Peru
Acquisition
$5m From Sale of
Phosphate Project in
Peru
Nickel Discovery In
Brazil
July 2015

7. Share Capital and Sustainability
7
Treasury Value
Market Capitalization ~CAD$7.9 M
Cash & Marketable
Securities
~CAD$1.0 M
Payments due from
Partners (est. 2015-2016)
~CAD$2.0 M
2015 Budget CAD$1.0 M
Share Capital Number Percent
Outstanding 30,969,691 96%
Options 1,390,000 4%
Fully Diluted 32,359,691 100%
Insider Ownership ~10%
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• In 2013-14 Lara substantiallycut exploration costs to now focus on M&A
• Operations currently funded by sale of non-core properties and marketable securities

8. Management and Directors
8
Management Directors
Miles Thompson (President & CEO)
Lara founder with +30 years in exploration globally.
Previously Manager of Business Development for Gold
Fields. Founder and Chairman of Reservoir Minerals.
Michael Bennell (VP Exploration)
+30 year track record with multiplediscoveries in
Australia, Brazil and Africa. Previously with BHP
Billiton and AngloGold.
Christopher MacIntyre(VP Corporate)
+7 years in publicmarkets and the resource sector.
Commerce and Business graduateQueen’s University.
Helio Ikeda (Project Manager Brazil)
Lara founder, with +30 years experience of
exploration in Brazil. Worked previously for Vale,
Billiton and Barrick.
Carlos Caceres (Exploration Director Colombia)
+30 years experience in coal, metalsand oil and gas
exploration in Colombia.
Geoff Chater (Independent Director)
+20 years in the industry, previously First Quantum.
Geology graduateTexas Christian University.
Christopher Jones(Independent Director)
Member of the Instituteof Canadian Chartered
Accountantsand Instituteof Chartered Financial
Analysts of Ontario. Vice President of Duff & Phelps.
Adrian Calvert (Independent Director)
+15 years in resource industry. Founder of WindRose
Capital Ltd. Holds law degree from theUniversity of
Queensland and an MBA from Insead.
Andre Gauthier (Director)
MaxyGold founder (acquired by Lara in 2009) +30
years in exploration and mining globally, previously for
Falconbridgeand Cambior.
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9. Diverse Mineral Property Portfolio
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10. Joint Ventures, Alliances and Royalties
10
Country Partner Project Commodity Lara % Cash $m Expl $m Royalties
Brazil Codelco Liberdade Copper 25% 2% NSR
Brazil Tessarema Curionopolis Copper-Au Royalty 2.00 2 - 5% NSR
Brazil Aguia Sergipe Potash Shares 0.150
Brazil Paradigm Canindé Graphite 20% 0.70 4.50 2% NSR
Brazil Vertical Curionopolis Iron Royalty 0.80 $0.75 - $1.5/t
Peru Aruntani Grace Gold Royalty 2.00 0.50 0.75-1% NSR
Peru Redzone Lara Copper 45% 1% NSR
Peru Hochschild Corina Gold Royalty 4.15 2.00 2% NSR
Peru Kiwanda Picha Copper 30% 1%-2% NSR
Chile Kiwanda Bahia Inglesa Phosphate Shares 0.77 5.00 2% NSR
Colombia Kiwanda Carbhid Coal Shares 2% NSR
Colombia Kiwanda Pelaya Coal Shares 2% NSR
Totals 10.67 12.00
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11. Outlook for H2 - 2015
11
• The Company’s main focus is generating new properties and prospects.
• Kiwanda Listing on the ASX of the phosphate and coal portfolio in Chile and
Colombia is due to be completed in Q3; Lara gets cash and shares.
• Tessarema is planning to release a resource statement and initiate test mining at
the Curionopolis copper project in H2; Lara gets cash and royalty payments.
• Hochschildis working to secure drill permits for Lara’s Corina gold project, a highly
prospective epithermal vein system close to their existing mining operations.
• Apumayo working to secure drilling permits for Lara’s Grace gold project, a sizeable
epithermal target close to their existing mining operations.
• Codelco has initiated court proceedings to defend the Liberdade copper project.
• Lara has initiated arbitration proceedings against partner Vertical to secure
payments and royalties owed from the Curionopolis iron project.
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12. Investment Case for Lara
12
• Business model substantially increases the probability of exploration
success, while reducing the cost of failures
• Treasury sufficient for 2015 budget and beyond
• Management team with deep roots in South America, multiple discoveries
and significant ownership in the Company
• Focus on larger discoveries of interest to miners where even a minority
interest can generate order of magnitude returns for shareholders.
• Liberdade discovery made with Codelco in Brazil potentially a catalyst for a
revaluation of the company
• Building a portfolio of self-created royalty interests
• Lara’s price today is at lows of the 2008 crash
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13. Liberdade Copper - Brazil
13
• The Carajás is one of the
most prolific mining
districts in the world. Vale
operates its richest iron
mines here, in addition to
producing copper, gold,
nickel and manganese.
• Liberdade has unpaved
road access from Tucumã
and landing strip for light
aircraft on-site.
• Mineral rights are within
farm land cleared for cattle
grazing, with only
secondary growth forest
cover
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14. Liberdade Copper - Fortuna Target
14
Liberdade Table 1 - Best Intercepts - Primary Chalcopyrite Zone
Drill Hole Target From (m) To (m)
Intercept
(m)
Copper (%) Gold (ppb) Cu Eq (%)
LBCD - 02 Fortuna 49 246 197 0.65 118 0.72
LBCD - 06 Fortuna 72.6 200.7 128.1 0.69 104 0.75
• Potentially large open pittable Carajás-type IOCG system with a 1200 x 350m surface footprint.
• Codelco funded drilling to earn 51% and must deliver a minimum compliant resource of 500,000tof
contained copper to raise that to 75%.
• Currently running a lawsuit against Vale SA and the Departments of Mines defending title
Open Pit Potential
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Please refer to ‘Codelco Intercepts 197 Metres At 0.72% Copper Equivalent At Liberdade’, Released: March 1, 2013

15. • Carajás district, close to operating
iron and copper mines.
• Breccia veins. High grade copper
intercepts include 53.8m at 9.59%
Cu, 56m at 16.51% Cu, 29.05m at
4.56% Cu.
• Partner Tessarema has secured
pilot mining license and is
completing resource statements
and environmental permitting
• Lara to receive staged cash
payments and royalties.
Curionopolis Copper - Brazil
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Please refer to ‘DrillingIntersects56 metresat 16.51% Copper at Curionopolis in Brazil’, Released: June1, 2015

16. 1
6
• Iron formations extend for over
10km within the property
• Pilot mining license and permitting
in place for small- scale production
• Final Exploration Report with
Resources and Reserves filed with
the Brazilian Department of Mines
• Vertical currently working to secure
environmental permits and Mining
License
• Lara owed cash and advanced
royalties; has initiated arbitration
process to secure payment of
return of the project.
Vertical Iron - Brazil
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17. Corina Gold - Peru
• Low sulphidation epithermal target
close to Hochschild owned Selene and
Pallancata mines
• Lara trenched and sampled
mineralization for >2km of strike on
the Promesa vein
• Project optioned to Hochschildfor
$4.15m in cash and a royalty
• Hochschildand Lara working to secure
community agreement and drilling
permits
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superficial rights secured
lt with new veins discovered
show Au/Ag presence at
hole district to be completed
with Lara Exploration Ltd.
at surface - 20 km from Selene
t Inmaculada & Pallancata
age in Hochschild’s Southern Peru cluster

18. Grace Gold - Peru
• High sulphidation epithermal target (Fox
and Gran Leon) adjacent to Apumayo
mines (below and right)
• Project optioned to Apumayo for $2m in
staged cash payments and a royalty
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19. 19
• Mineralized footprint 2km by
0.5km. Oxide resource over a mid-
sized porphyry
• Low altitude, close to
infrastructure and the coast.
• Purchase by Minsur of a 70% interest
in the nearby Mina Justa deposit for
$505 million established valuation
benchmark
• Lara ownership 45%
Lara Copper - Peru
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20. Bahia Inglesa Phosphate - Chile
20
• Large historical phosphate resource in
northern Chile, close to port and with a long
history of small-scale production.
• Lara and partner Kiwanda hold 19,000
hectares of 100%-owned licenses and an
option to purchase the producing Bifox mine.
• Agreement in place to transfer rights to ASX-
listed Phillips River for cash and shares.
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• Currently doing
surface mapping
and excavating
test pits as part of
the due-diligence
process at Bifox

21. Carbhid and Pelaya Coal - Colombia
21
• Lara and partner Kiwanda own
26% of Carbhid SAS, operator of
the Escalones underground coal
mine in Colombia.
• Plus the option to acquire the
Pelaya claim which has the
potential for a large-scale
resource that could be mined
from open-pit
• Agreement in place to transfer
rights to ASX-listed Phillips River
for cash and shares.
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22. Contact
22
For more information please contact:
Christopher MacIntyre
Vice President, Corporate Development
Suite 414, 100 Richmond Street West
Toronto, Ontario, Canada M5H 3K6
Phone: +1 416-703-0010
Fax: +1 416-964-0823
Or visit us online at:
www.laraexploration.com
TSX-V: LRA July 2015