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Institutional Presentation November, 2013

• Highlights • The Company

• Exploration Program

• Lagoa Real Iron Project

• Project Execution/ Futures Milestones

Presentation Outline

Highlights

Targeting a World Class Project

Preliminary Estimates of

2,8 Bt @ 30% Fe Target Production of 20 Mt Conc > 64% Fe

Logistic Options Available: Port & Rail

Competitive Capex & Opex Pre Feasibility Study

2 nd Quarter 2014

Start up Target: 2017 Exploration Team with large industry

experience

• Highlights

• The Company • Exploration Program

• Lagoa Real Iron Project

• Project Execution/ Futures Milestones

Presentation Outline

The Company

Santa Fe Mineração is controlled by a holding company Delta Crescent witch controls power generation companies. Santa Fé Mineração is developing the LAGOA REAL IRON ORE PROJECT covering 15,600 hectares in the SW of Bahia state - Brazil.

Holding: DELTA CRESCENT

NOVA 1 FIC FIP INVESTORS

NOVA Energy 1 FIP FIP Mineração

100 % 100 % 100 % 26,67 %

100 %

25 % 75 % 100 %

100 %

• Highlights

• The Company

• Exploration Program

• Lagoa Real Iron Project

• Project Execution/ Futures Milestones

Presentation Outline

Project Location

The Santa Fé iron ore project is strategically located at the vertex of two railways - FIOL and FCA in SW of Bahia, Brazil and it is a new iron ore project in Brazil that will have direct integration from mine to port.

Neighbour Mining Companies

• Highlights

• The Company

• Exploration Program • Lagoa Real Iron Project

• Project Execution/ Futures Milestones

Presentation Outline

Exploration Licenses (DNPM / MME)

Exploration Targets

• Highlights

• The Company

• Exploration Program

• Lagoa Real Iron Project • Project Execution/ Futures Milestones

• Project Fundaments

Presentation Outline

Infrastructure

THE ENERGY IN THE REGION IS SUPPLIED WITH 138KV LINES CROSSING THE PROJECT AREA

ACCESS – THE BR-30 IS A PAVED HIGHWAY CROSSING THE SOUTH PART OF THE PROJECT

BASIC FACILITIES – THE TOWNS OF LAGOA REAL AND BRUMADO CLOSE SANTA FE SITE OFFERS THE BASIC SERVICES

AIRPORT – REGULAR FLIGHT SERVICES NEARBY THE TOWNS (BRUMADO AND VITÓRIA DA CONQUISTA)

Preliminary Mine Layout

• Highlights

• The Company

• Exploration Program

• Lagoa Real Iron Project

• Project Implementation / Milestones

Presentation Outline

SRK - FEASIBILITY STUDY 4Th QUARTER 2014

Milestones

EXPLORATION DRILLING STARTING DATE: SEPTEMBER 2011

INITIAL EXPLORATION WORKS JANUARY 2011

PRELIMINARY TECHNICAL AND ECONOMIC FEASIBILITY – CONCLUDED SEPTEMBER 2012

COMPLETION OF THE EXPLORATION DRILLING PROGRAM APRIL 2014

LP ENVIRONMENT PERMIT 2ND QUARTER 2014

INSTALLATION LICENSE - LI (ENVIROMENT PERMIT) 1ST QUARTER 2015

START UP CONSTRUCTION 1ST QUARTER 2015

START UP 3rd QUARTER/ 2017

SRK – TECHNICAL AND ECONOMIC STUDY ON SANTA FÉ PROJECT OCTOBER 2013

SRK - PRE-FEASIBILITY STUDY 2ND QUARTER 2014

ENVIRONMENT REFERENCE TERMS CONCLUDED NOVEMBER 2012

SRK – QA/QC MPLEMENTATION AND SUPPORT PROGRAM JANUARY 2013

• Highlights

• The Company

• Exploration Program

• Lagoa Real Iron Project

• Project Execution/ Futures Milestones

Presentation Outline

Disclaimer

This Presentation contains ‘‘forward-looking information’’ which may include, but is not limited to, statements with respect to the future financial or operating performance of the Company and its mineral projects; the future prices of metals; the anticipated results of exploration activities; the estimation of mineral resources; the realization of mineral resource estimates; capital, development, operating and exploration expenditures; costs and timing of the development of the Company’s mineral properties; timing of future exploration; requirements for additional capital; government regulation of mining operations; anticipated results of economic and technical studies; environmental matters; reclamation expenses; title disputes or claims; limitations of insurance coverage and the timing and possible outcome of pending litigation and regulatory matters. Often, but not always, forward-looking information can be identified by the use of words and phrases such as ‘‘plans’’, ‘‘expects’’, ‘‘is expected’’, ‘‘budget’’, ‘‘scheduled’’, ‘‘estimates’’, ‘‘forecasts’’, ‘‘intends’’, ‘‘anticipates’’, or ‘‘believes’’ or variations (including negative variations) of such words and phrases, or state that certain actions, events or results ‘‘may’’, ‘‘could’’, ‘‘would’’, ‘‘might’’ or ‘‘will’’ be taken, occur or be achieved.

Forward-looking information is based on the opinions and estimates of management as of the date such statements are made and is based on information currently available to management and upon what management believes to be reasonable assumptions, including, among others, that general business, economic, competitive, political and social uncertainties remain favorable; that actual results of exploration activities justify further studies and development of the Company’s mineral projects; that the future prices of metals, and iron ore in particular, remain at levels that justify the exploration and future development and operation of the Company’s mineral projects; that ore body quality and characteristics remain as anticipated; that there is no failure of plant, equipment or processes to operate as anticipated; that accidents, labor disputes and other risks of the mining industry do not occur; that the jurisdictions in which the Company operates remain politically stable; that there are no unanticipated delays in obtaining governmental approvals or financing or in the completion of future studies, development or construction activities; that the actual costs of exploration, and studies remain within budgeted amounts; that regulatory and legal requirements required for exploration or development activities do not change in any adverse manner.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in the forward-looking information, there may be other factors that cause such actions, events or results to differ from those anticipated, estimated or intended. Any inaccuracy in the assumptions identified above may also cause actual actions, events or results to differ materially from those described in the forward-looking information.

Forward-looking information contained herein is made as of the date of this Presentation and the Company disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, potential investors should not place undue reliance on forward-looking information.

This Presentation does not constitute an offer to sell, or solicitation of an offer to buy, any securities by any person in any jurisdiction in which it is unlawful for such person to make such an offering or solicitation. No representation or warranty, express or implied, is made as to the accuracy or completeness of the information set out herein, and nothing contained herein is, or shall be relied upon, as a promise or representation, whether as to the past or future.

contato@santafeminer.com.br

www.santafeminer.com.br

Main Project: Lagoa Real Iron Ore - Bahia Head Office: Travessa do Ouvidor 17/502 – Centro Rio de Janeiro, RJ – Brazil CEP 20.040-040 Phone: +55 21 3553-7585 Mobile: +55 21 81532802 Email: frederico@santafeminer.com.br www.santafeminer.com.br Branch Rua Sete de Setembro 2 – Centro Lagoa Real, BA – Brazil - CEP 46425-000 Phone: +55 77 3477-1242