1. Building Gold Resources in Brazil
Through Grass Roots Exploration
January 2012
TSX-V: MNM | www.magellanminerals.com

2. Safe Harbor Statement
The material presented herein is private and confidential. The contents are not to be
reproduced or distributed to any third party, including the public or press.
Certain statements contained in this presentation constitute forward-looking
statements. These statements relate to future events or the Corporation's future
performance, business prospects or opportunities. All statements other than statements
of historical fact may be forward-looking statements. Forward-looking statements are
often, but not always, identified by the use of words such as "seek", "anticipate", "plan",
"continue", "estimate", "expect, "may", "will", "project", "predict", "potential", "targeting",
"intend", "could", "might", "should", "believe" and similar expressions. These statements
involve known and unknown risks, uncertainties and other factors that may cause actual
results or events to differ materially from those anticipated in such forward-looking
statements. The Corporation believes that the expectations reflected in those forward-
looking statements are reasonable, but no assurance can be given that these
expectations will prove to be correct and such forward-looking statements should not be
unduly relied upon. These statements speak only as of the date specified. The
Corporation does not intend, and does not assume any obligation, to update these
forward-looking statements.
These forward-looking statements involve risks and uncertainties relating to, among other
things, results of exploration activities, the Corporation's limited experience with
development-stage mining operations, uninsured risks, regulatory changes, defects in
title, availability of materials and equipment, timeliness of government approvals, changes
in commodity and, particularly, gold prices, actual performance of facilities, equipment
and processes relative to specifications and expectations and unanticipated
environmental impacts on operations. Actual results may differ materially from those
expressed or implied by such forward-looking statements.
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3. Investment Highlights
• Region with Excellent Potential: the Tapajos is the World’s third largest placer
gold province, estimated to have produced 20-30 Moz from streams between
1978 and 1995 from artisanal, garimpeiro-type miners
• Experienced Management: 150+ years of mining experience, track record for
discovery. Tocantinzinho deposit (2.5Moz), now owned by Eldorado Gold. 3 grass
roots gold discoveries totaling 4.2Moz in 7 years.
• Projects: Advanced projects with significant upside:
• Cuiu Cuiu – 1.3Moz gold resource (100,000oz indic. + 1.2Moz inf.),
drilling with 2 rigs
• Coringa – 370,000oz gold resource (270,000oz indic. + 100,000oz inf.),
drilling with 3 rigs
• Key Stakeholders: Newmont Mining owns 2.5%; Kinross owns 1%
• Strong Cash Position: $7M in treasury
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4. Proven Management Team
Jim Stypula Gordon Allen
Chairman Head, Regional Exploration
• Previously CEO of Chapleau Resources, financier with 20 • 35 years experience in the mineral exploration industry,
years experience in mineral exploration predominantly in Latin America
• Founding director of Far West Mining • Responsible for discovery of the Santo Domingo IOCG
deposit of Far West Mining
Alan Carter
Derek White
President & CEO, Director
Director
• 20 years of experience. Former Exploration Manager for Rio
• Currently Executive VP Bus. Dev. of Quadra Mining and
Tinto and Business Dev. Manager at BHP Billiton. with 20+ years financial experience in the mining and
• Director and co-founder of Peregrine Diamonds and metals industry
Peregrine Metals • Ex-Impala Platinum Ltd, Gencor and Billiton
Dennis Moore Mario Szotlender
VP Business Development, Director Director
• Exploration geologist with 27 years experience, half of it in • Former CEO of Rusoro Mining, Director of Endeavour Silver
Latin America and Radius Gold.
• Responsible for discovery of the Tocantinzinho deposit, now • 20 years experience financing and managing companies in
owned by Eldorado Gold Latin America
Paul Hansed Richard Zimmer
Chief Financial Officer Director
• 20+ years of accounting and finance experience including • Former senior mine engineer for Teck,
19 years with KPMG in Canada and Europe general manager of Mount Edon Gold
Mines, and project manager of POGO
project.
Guillermo Hughes
Chief Geologist • Most recent role was President & CEO
of Far West Mining Ltd.
• 26 years experience in the mineral exploration industry
4 including experience in Argentina, Peru and Brazil

5. Significant Gold Deposits in Brazil
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6. Key Land Position in Competitive Belt
Tapajos
Site of world’s largest ever gold
rush from 1970’s to 1990’s
Largest placer gold province in
Brazil, 3rd largest placer gold
province in world – previous placer
production est. 20-30 Moz
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7. Cuiu Cuiu and Tocantinzinho
• Tocantinzinho (2.5Moz)
produced an est. 200,000oz of Cuiu Cuiu
2Moz from streams
placer gold from artisanal +1.3Moz resource
to date
surface workings. Cuiu Cuiu
produced 1.5 – 2Moz of placer
gold **
road
• Eldorado’s announced PFS in Tocantinzinho
0.2Moz from streams
May 2011 on 160,000oz/yr OP 2.5Moz resource
mine, Capital costs of $383M,
Cash costs of $559/oz and
11.8% IRR (14.4% with tax
breaks)
Rio Crepori
• Road construction to site in
progress
• FS study on Toca currently in
progress and expected to be
completed during Q2 2012
* Source : DNPM
** Source: Melho, R. 2007. A preliminary assesment of the Tocantinzinhop gold project, Tapajos gold province,
Para Brazil. NCL Brazil 43-101 report
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8. Cuiú Cuiú – 2011 Developments
• Maiden resource estimate released in
April of 1.3Moz (mineable), 1.5Moz
(geological)
• Q3 - discovery of third mineralized zone
at Jerimum Baixo, still open to east
• Three new targets :-
Central North; 39.6m @ 1.25g/t
Central SE; 7.8m @ 8.44g/t
27m @ 6.94g/t
Babi; results pending
• Exploration drilling and step-out drill
program. 21,000m completed to date
from 25,000m program Aerial view of village of Cuiu Cuiu
• Metallurgical work in progress – results
expected Q1 2012
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9. Cuiú Cuiú – a District Rather Than a Project
Placer workings and soil anomalies
Placer gold
workings
? ?
Gold in soil anomaly
17km in length
Au in soils (ppb)
Placer gold
workings
Jerimum Baixo
?
?
Moreira Gomes deposit 0.7Moz
Central deposit 0.6Moz
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10. Cuiú Cuiú
Pau de Merenda
30m @ 1.1g/t, 47m @ 1.8g/t
Central North Jerimum Cima
40m@ 1.3g/t 39m @ 5.1g/t
Babi
Central
Jerimum Baixo
Ivo
Central SE
27m @ 6.9g/t, 8m @ 8.4g/t
Miraboa West
Miraboa Moreira Gomes
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11. Central – 1 of 3 Deposits so far at Cuiú Cuiú
• Bulk tonnage, open pittable deposit
• Inferred resources to date at Central
total 17Mt @ 0.9 g/t gold (0.5Moz) +
Indicated resources of 3.4Mt @ 1.0 g/t
(0.1Moz)
• Central deposit currently extends over
approx. 1,000m strike and 450m depth
Aerial view of Central deposit looking north
• Deposit remains open at depth
Outline of
mineralized
Stockwork mineralization on surface at Central zone at
Central
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12. Central
SE-NW section through Central
Typical mineralized interval Central zone – hole CC-55-10, 2.15g/t Au
Central Total Resources
Au Contained
Tonnage
g/t Au
Tonne x 1000 gpt oz.
Indicated
3,400 1.0 100,000
Resources
Inferred
17,000 0.9 500,000
Resources
* Mineral resources are not mineral reserves and do not have demonstrated economic viability. Please note that all figures have been rounded to reflect their
appropriate level of accuracy.
* These resources are constrained by mineable shapes and cut-off grades to meet the requirement that resources must have reasonable prospects for economic
extraction. The mineable shapes are either Lerch-Grossman pits or conceptual underground stopes. Resources falling within the pits are reported at cut-off grades
12 of 0.3 gpt Au for fresh rock or 0.4 gpt Au for saprolite. Stope shapes only include blocks above a cut-off grade of 1.3 gpt Au. The cut-off grades consider a gold
price of $1,250 per ounce and metallurgical recoveries of 91% for fresh rock and 66% for saprolite.

13. Central Area - Potential
Drilling in progress
Drilling in progress
Central 600,000oz
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14. Moreira Gomes – Recent Developments
• Bulk tonnage open pittable
deposit
• Inferred resources to date at
MG total 14Mt @ 1.5 g/t gold
(0.7Moz)
• MG deposit extended
additional 300m along strike to
1.8km
• Recent drill results include 24m Aerial view of Moreira Gomes deposit looking north
@ 4.06g/t gold from 40m E of
hole 79, and 18m @ 0.46 g/t Moreira
Total Resources
Gomes
gold from hole 122 drilled
Tonnes Au Contained Au
400m E of hole 79
Tonne x 1000 gpt oz
* Mineral resources are not mineral reserves and do not have demonstrated economic Inf.
viability. Please note that all figures have been rounded to reflect their appropriate level 14,000 1.5 700,000
*
of accuracy.
These resources are constrained by mineable shapes and cut-off grades to meet the
Resource
requirement that resources must have reasonable prospects for economic extraction.
The mineable shapes are either Lerch-Grossman pits or conceptual underground stopes.
Resources falling within the pits are reported at cut-off grades of 0.3 gpt Au for fresh rock
or 0.4 gpt Au for saprolite. Stope shapes only include blocks above a cut-off grade of 1.3
gpt Au. The cut-off grades consider a gold price of $1,250 per ounce and metallurgical
14 recoveries of 91% for fresh rock and 66% for saprolite.

15. Moreira Gomes Area
Jerimum Baixo
Ivo target
Moreira Gomes
Guarim target
Moreira Gomes area - aeromagenetic data, gold-in-soil
geochemistry and structural interpretation
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16. Jerimum Baixo
• Third discovery at Cuiu Cuiu
• Open in several directions
• Open to East
• Will add to resource base
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17. Cuiu Cuiu Catalysts
• 2011 drill program of 25,000m is currently 77% complete
• Third mineralized zone at Jerimum Baixo identified
• Strong indications of a fourth mineralized zone at Central North, Central SE and Babi.
Additional results pending
• Metallurgical work in progress
• Drilling at Pau de Merenda, Central SE, Miraboa, Miraboa West and Ivo planned for
early 2012
• Revised resource estimate planned for late Q2 / early Q3 2012
Jerimum Baixo discovery
outcrop – sheeted / stockwork
vein system
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18. Coringa – a Reminder
• Good infrastructure: 20km east of main
road and mains power
• Existing high grade resource of 270,000
oz Ind. (1Mt @ 8.5g/t) + 100,000 oz Inf.
(0.3Mt @ 9.3g/t)
• Last resource estimate was completed in
September 2009 and requires updating.
• Scoping study of April 2010 gave a
project IRR of 34% + NPV @ 5% of
$41.3M @ $950 per oz
• Scoping study based on 400t/d u/g mine
prod. 36,000oz / yr. Capex of US$26.4M
+ op. cost of US$418/oz
• NPV of US$82.5M and IRR is 59% @
US$1200 per oz
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19. Coringa 370,000oz resource
confined to:
Galena
• Currently drilling with 3 rigs on deep Serra
extensions to Serra and Meio and at Meio
Come Quieto
• Initial resource estimate based on 81
holes (8,750m). 73 holes and
14,091m completed since resource
estimate
Total Resources
Au Contained
Tonnage
g/t Au
Tonne x
gpt oz.
1000
Measured
and Indicated 982.3 8.53 269,450
Resources
Inferred
327.1 9.34 98,224
Resources
Assumes 2g/t Au cut-off, SG of 2.7t/m3 and minimum
mining width of 1.5m
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20. Coringa – Expanding Serra at Depth
Map View
Longitudinal section
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21. Coringa – Upside
• Recent soil sampling has identified
Au in streams
additional new and untested gold in
soil anomalies
• Updated resource estimate planned
for Q1 2012.
• Feasibility study planned to
commence mid-late 2012
New zones
Grab sample running 6g/t gold from surface
2.5km SE of Come Quieto
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22. Bom Jardim
• Located 25km NW of Cuiu Cuiu along main
Tocantinzinho trend, 15,385 ha
• Historic placer gold production of 0.5 – 1Moz. No
previous drilling. 500 soil samples and 200 rock
samples collected by Magellan
• Major structural intersection. Gold-in-soil anomaly
7km in length. Stockwork-style mineralization
observed on surface
• Air mag survey completed. Drilling in progress
Placer gold
workings at Bom
Jardim
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23. Mato Grosso JV
• Magellan has a 35% - 50% interest in
320,000ha of the Baixada Cuiaba gold belt
in southern Mato Grosso
• Excellent access with power and water. Flat
terrain - cattle farming
• The belt is characterised by an E-W
Proterozoic fold and thrust schist belt
extending 100km in length
• Approx. 40 small open pit mines are
currently in production. +100 abandoned
open pits. Rocks have very low work index
• Belt has potential to host several large low
grade (0.5 – 1.0g/t) Au deposits
• RC drilling program expected to start early
2012
23 Oregon pit, Pocone; approx 1km in diameter

24. Mato Grosso JV
Cangas
Pocone
Oregon
Beto Rondon
Dei
Ouro Fino
Jonas
Pocone area showing distribution of open pit Cangas area showing distribution of open pit
gold mines along trend 4.8km SW of Pocone gold mines along trend 6km SW of Cangas
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25. Corporate Information
Capital Structure Investor Summary
Shares Issued and Share Price (Dec 31/11) $0.55
Outstanding 109.4 M
Market Cap (Dec 31/11) 60 M
Fully Diluted 117 M
Avg. Daily Volume (3 months) 182,000
Cash (Dec 31/11) $7.6 M
Shareholders
Analyst Coverage Management 11%
Mackie Research Institutions 45 %
National Bank Newmont 2.5%
Kinross 1%
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26. Further Information
Alan Carter Jennifer Duthie
President & CEO Corporate Communications
Suite 1650 – 409 Granville St., Suite 1650 – 409 Granville St.,
Vancouver, BC, V6C 1T2 Vancouver, BC, V6C 1T2
Tel. + 1 604 676 5663 Tel. + 1 778 838 3990
Fax + 1 604 676 5664 Fax + 1 604 676 5664
alan@magellanminerals.com jennifer@magellanminerals.com
Lawyers Auditors
Morton & Company PricewaterhouseCoopers
1200-750 West Pender Street 700-250 Howe Street
Vancouver, BC Vancouver, BC
Canada V6C 2T8 Canada V6C 3S7
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