201401 aliron corporate

1

January 2014

Corporate Profile

STRICTLY CONFIDENTIAL

Contents

I. Executive Summary 3

II. Aliron Resources Corp. 6

III. Team & Track Record 13

IV. The Bolivian Opportunity 19

V. Selected Profiles 28

VI. Disclaimer 32

VII. Contact Information 33

2STRICTLY CONFIDENTIAL

3

I. Executive Summary


I. Executive Summary

Aliron Resources Corp. is a holding corporation for several mining projects in Bolivia, among which there

currently are sixteen exploration projects with important mineral resources of antimony, lead, copper, tin, zinc,

gold and silver, and two metallurgical plants that process gold and silver through gravity, flotation and leaching.

Aliron has also developed an extensive network of business relationships by providing mineral processing

services to small and micro mining cooperatives that have little metallurgy knowledge and limited access to

outsourcing industrial processes for specific minerals, such as arsenopyrites with high head grades.

Aliron’s attractive portfolio has mines that are easily accessible, adjacent to communities anxious to start

working on the extraction on minerals that can be dealt with flotation and leaching processes.

Aliron’s shareholders are working with the objective of setting up a profitable and well run business that takes

advantage of scarcity of capital in Bolivia, very limited exploration efforts underway, and leverages on the

network of professionals and regulatory officials that Aliron’s management has developed over the course of

more than 30 years in the business.

Aliron it is uniquely positioned to engage in attractive terms several concessionaries in Bolivia that are being

pressed by the mining regulator to invest and start operations, instead of their well-known buy-and-hold

strategy towards mine concessions (and pay the inexpensive concessions’ patents annual dues).

Aliron’s management has a proven track record negotiating with communities and mining cooperatives.


ALIRON

RESOURCES

CORP.

A portfolio of six mining properties, of

which one is under operations and the other

under prospection activities

Bolivia: Excellent Opportunities

with right Partner

Great Arbitration Opportunities

in the Trading BusinessOpportunis-tic Country

Top Management

Attractive Assets

TrackRecord

Top team with excellent connections

in the country and the Americas

Development of ore reserves through an extensive drilling program in the six

mining properties

Expansion and upgrading of the current metallurgical plants to treat the ore

exploited from the ore deposits and purchased from third parties.

Generate immediate cash flows through the processing of ore in the current

metallurgical plants.

Development a trading division to take advantage from the arbitration

opportunities in Bolivia.

Development of industrial safety conditions, and a firm commitment with the

environmental regulations prevailing in Bolivia.

Development proper relationships and cooperation links with the indigenous

communities living in the surrounding areas of the mining properties.

Development of solid links with mining cooperatives from La Paz and Potosi

regions.

Top business executives and

high level professionals with:

proved track record and

experience to develop and

manage world class mining

projects (management of

INTI RAYMI Project, for

18 years; a project

previously owned by Battle

Mountain Gold Company,

and lately by Newmont) Short & Long Term Investment

Short Term Potential through Cashflows of

Mining & Trading Operations

Long Term Potential by Proving Mining

Claims Reserves

1

2

34

5

BUSINESS PLAN

5

I. Executive Summary (Cont.)

ALIRON RESOURCES CORP. is a holding Corporation for two mining companies in Bolivia. The Corporation has a portfolio

of sixteen mining properties covering an area of 8,600 hectares in the Bolivian highlands, with important mineral resources of

lead, copper, tin, gold and silver. In addition, ALIRON owns and operates two metallurgical plants where it processes gold

and silver through gravity, flotation and leaching.


6

II. Aliron Resources Corp.

6

A. Why Aliron Resources?

B. Profile—Business Snapshot

C. Portfolio of Mines

D. Processing Plant, Viacha

E. Growth Strategy


7

Development of Jucumarini and Marca Marcani gold mines in less than 9 months, currently owned by Emsudoesa, a mining company controlled by Aliron’s shareholders currently producing 120 mt/day.

Proven track record in developing and managing large operations from the start, including that of Newmont Mining’s largest gold mining operation in South America, Inti Raymi, since 1985 to 1998.

Development of gold ore reserves of Don Mario Project in 1993-1994 in association with Billiton, and sold to Canadian Orvana Minerals in 1995.

In charge of the feasibility study and development of silver ore reserves, for ToldoProject (1984-1985), later integrated to San Cristobal project in 1997, and currently owned by Sumitomo Corp.

Development of Hydrometallurgical Plant of Potosí (PLAHIPO) for the treatment of ore dumps, which was integrated to San Bartolome project, owned by Coeur D´Alene in 2003.

II. Aliron Resources—A. Why Aliron Resources?

Great track record in implementing and managing world-class gold mining projects, for 35 years

Right approach to

investing in mining

projects in Bolivia

Proven Track Record

Know-How of

Complex Mineral

Processing

Treatments

Ideally positioned to

get a hold on most

interesting mines

from idle concessions

Development of ore reserves, and implementation of heap leaching and carbon-in-leach projects.

Currently managing two flotation plants, one leaching plant and one laboratory for samples.

In its relatively short history, Aliron has become the go-to company for those concessionaries that have not been able to develop their mining concessions and that are being pressed by the Bolivian mining authority to put mines to work.

At least 50 people representing concessionaries and owners of mining projects have approached us in order to seek a transaction or an association for the development of such projects.

Two-tiered approach towards operations: and developing strong relationship with cooperatives that need mineral processing services.

Focusing on arsenopyrites and minerals that are not the focus of informal miners.

Developing commercial relationships with major mining producers and distributors in South America.

ALIRON is

able (1) to undertake

complex mining projects,

(2) to provide mineral

processing services to a

broad and growing

network of cooperatives,

and (3) to develop strong

commercial relationships

with large miners in South

America.

ALIRON is the best

positioned mining venture

in Bolivia, the fastest

growing mining country of

South America.


8

II. Aliron Resources—B. Business Background

Business Background and Overview

Aliron is a mining company developing a profitable portfolio of antimony,

silver, gold, lead, tin, zinc and copper mines in Bolivia.

Aliron’s shareholders started their venture in May 2010 when they identified

the Illampu mine, at the moment in the hands of concessionaries concerned

about the prospects of losing the mine if they did not start operations.

Aliron’s shareholders started a flotation operation for the dumps and small

scale mining at Illampu and soon they started selling concentrates to a

Peruvian distributor.

Soon, more concessionaries without mining and metallurgy know-how

showed up and their exit prices were reflecting their limited options.

Simultaneously, mining cooperatives that did not find processing capacity

and know-how for arsenopyrites, were interested in flotation services under

joint venture agreements.

Aliron has also showed skill in negotiating with the indigenous communities

at the footsteps of the mines, win-win agreements for the extraction

operations. This has resulted in more communities reaching out to Aliron

for the development of mines they have not been able to exploit

themselves.

Aliron plans to increase the profitability of the mineral processing business

by processing minerals from cooperatives that do not find ore treatment

flotation and leaching capacity in Bolivia, but it also plans to increase its

portfolio of mines by identifying those mines that are in the hands of

communities, cooperatives or concessionaries with limited know-how.

Aliron’s subsidiaries include Empresa Minera Solitario SA (EMINSOL),

owner of the flotation and leaching plants in Viacha, and of the joint

venture contracts with concessionaries.

EMINSOL operates through two divisions: and industrial division

dedicated to the processing of material either extracted from own mines or

acquired or under outsourcing services to mining cooperatives.

As of January 15th 2013, Aliron and its subsidiaries have 51 employees.

Aliron is headquartered in La Paz, Bolivia and it was incorporated in

Panama, 2011.

Management / Insiders1, 40.0%

Panor2, 43.5%

Austral2

, 16.5%

1. Management & Insiders: Alvaro Ugalde Bayer Co-CEO, Alvaro Ugalde Canedo Co-CEO, Julio Sanjines

CFO and may include in the future other executive officers as well as explorations personnel.

2. Panor and Austral are the vehicles of mining and industrial engineering professionals who are actively

involved in business development and operations of Aliron.

3. Minerals Commerce is the entity in charge of exports sales.

Bolivian Assets/Divisions

EMINSOL

Flotation

Plants, Viacha

Leaching

Plant, Viacha

1. Industrial

Division2. Mines

Division

Pacuani Albertito

Dos Amigos El Triunfo

Chacaltaya Jucumarini

Ownership Corporate Tree

Aliron Resources

Corp., Panama

Empresa Mineral

Solitario S.A.

(EMINSOL),

incorporated in

Bolivia

Minerals

Commerce Corp.,

Panama3


Parco

Animas

Marca Marcani

Capina

Selected Mines

Important Milestones

May 2010: start of flotation plant for small scale mining at Illampu mine.

April 2011: US$ 700K+ revenues from Illampu concentrates.

November 2011: acquisition of portfolio of six mines and start of construction of 2nd

plant in Viacha for the processing of the Pacuani dumps.

May 2013: MOU with Australian firm Macallum for the exploration of Parco mine.

December 2013: completion of tailings dam at Viacha and of dam Pacuani mine for

the protection of indigenous community’s agricultural lands.

3. Dumps/Tails

Division

STRICTLY CONFIDENTIAL 9

II. Aliron Resources—Portfolio of Mines

Aliron Resources has a portfolio of 13 projects, totaling 8,600 has. and 16m ozt of Au equivalent

Overview of Mining Projects

Project Area (has.) Primary Mineral Secondary Mineral Posible Resources Mes. Group of Metals

Illampu 1,500 Gold Copper, Tungsten, Cobalt 4,800,000 Au ozt eq. Precious

Animas 250 Silver Tin & Lead 3,858,087 Au ozt eq. Precious

Albertito 2,850 Copper Gold & Silver 1,669,801 Au ozt eq. Base

Chacaltaya 1,000 Tin Lead, Silver & Zinc 1,616,428 Au ozt eq. Base

Parco 325 Antimony None 1,250,000 Au ozt eq. Base

Triunfo 175 Gold Lead, Silver & Zinc 1,110,833 Au ozt eq. Precious

Capina 1,700 Ulexite None 863,333 Au ozt eq. Non-Metallic

Pacuani 100 Silver Lead & Antimony 423,106 Au ozt eq. Precious

Bolivar 350 Antimony Gold 125,000 Au ozt eq. Base

Dolores 100 Antimony Gold 120,000 Au ozt eq. Base

Dos Amigos 250 Gold Silver 112,966 Au ozt eq. Precious

TOTAL 8,600 15,949,554

Pictures of Top 4

Illampu Animas Albertito Chacaltaya

10

II. Aliron Resources—C. Portfolio of Dumps & Tails


We have identified different type of Slags with a minimum recovery value (potential revenues)

DUMP MINERALS METRIC TONS ORE GRADE RESERVES

Au Ag Pb Zn Cu Sn Sb WO3

ozt ozt % % % % % %

in ozt Au

eq.

D-1 Ag, Pb, Au 280,000 0.02 6.43 2.00 2.00 0.00 0.00 2.00 0.00 90,539

D-3 Sb, Au 65,000 n.a 0.00 0.00 0.00 0.00 0.00 8.00 0.00 37,200

D-10 Cu 10,500 n.a n.a n.a n.a 6.00 n.a n.a n.a 3,635

D-11 Au, Cu, Ag 470,800 n.a 6.72 n.a n.a 0.74 0.97 n.a n.a 136,868

D-20 Sn, Ag, Cu, Zn, Pb 4,384,320 n.a 1.86 0.47 n.a n.a 0.20 n.a n.a 288,300

D-9 Au 50,000,000 0.02 n.a n.a n.a n.a n.a n.a n.a 803,768

D-8 Sb, Au 30,000 n.a 0.13 n.a n.a n.a n.a 5.00 n.a 10,796

D-4 Sb 30,000 n.a n.a n.a n.a n.a n.a 5.00 n.a 10,731

D-2 Au, WO3 70,000 0.10 n.a n.a n.a n.a n.a n.a 1.00 19,136

D-19 Ag 6,000,000 n.a 6.43 n.a n.a n.a n.a n.a n.a 652,907

D-7 Sb, Au 3,500 18.00 n.a n.a n.a n.a n.a 18.00 n.a 67,507

D-6 Au 5,000 0.10 n.a n.a n.a n.a n.a n.a n.a 482

D-5 Ag 10,000 n.a 22.51 n.a n.a n.a n.a n.a n.a 3,809

D-18 Ag, Au 60,000 n.a 6.43 n.a n.a n.a n.a n.a n.a 6,529

D-21 Au 200,000 0.01 n.a. n.a n.a n.a n.a n.a. n.a 2,346

D-22 Au 400,000 0.02 n.a. n.a n.a n.a n.a n.a. n.a 6,430

D-13 Sb, Au n.a. n.a n.a n.a n.a n.a n.a n.a n.a n.a

D-15 Sn, Au n.a. n.a n.a n.a n.a n.a n.a n.a n.a n.a

D-16 Sn n.a. n.a n.a n.a n.a n.a n.a n.a n.a n.a

D-17 Sn, Ti n.a. n.a n.a n.a n.a n.a n.a n.a n.a n.a

D-12 Sn, Cd n.a. n.a n.a n.a n.a n.a n.a n.a n.a n.a

D-14 Ladrillos n.a. n.a n.a n.a n.a n.a n.a n.a n.a n.a

D-14 Ag, Au n.a. n.a n.a n.a n.a n.a n.a n.a n.a n.a

Significant Portfolio

identified of Tails &

Dumps

11

II. Aliron Resources—D. Processing Plant, Viacha

Processes 120 MTPD of transitional ore (sulphides-

oxides)

4 Processes/Stations

Production & Recovery (%)

Crushing & Grinding

Flotation of

Sulphides-Oxides

Ability to outsource

Flotation of Sulphide

Ores

Leaching plant

Processes 50 MTPD of sulphide ores in plant of company

EMSUDOESA owned in shareholders of Aliron.

Capacity of 20 MTPD (of concentrates)

For both high grade concentrates from the flotation

process and high-grade ore purchased from mining

cooperatives.

Capacity of 120 MTPD

Production metrics 2012

Metric tonnes floated 3,862

Metric tonnes concentrate 316

Head grade of concentrate 75

Recovery (%) 55.0%

Note:

1. 2012 marked our first year of operations and Aliron spent the first half of the year installing the plant and

the third quarter doing pilot runs.


1

The flotation of arsenopyrites at Viacha has

presented several environmental challenges, and

Aliron is very proud to have completed the tailings

dam that is making Viacha a sustainable mining

operation for the long run.

12

II. Aliron Resources—E. Growth Strategy & Current Projects, Operations

Monetize current ore

dumps in Pacuani

Mine and provide

mineral processing

services to

cooperatives

Fund exploration plan

of portfolio of mines

with funds provided

by industrial complex

Flotation and leaching

of arsenopyrites,

among other.

Develop supply

agreements with

cooperatives hungry

of monetizing non-

visible gold and silver,

of which they have

very little knowledge.

Prioritize mines

according to their

complexity in regards

to development

efforts and capital

expenditures (for

example, El Triunfo

would fall within the

category of easy to

develop, and low

cost.)

Partner with financial

and strategic investors

interested in speeding

up the development

of mines.


Growth Strategy Current Projects and Operations

Processing of own ore

dumps (Au, Ag, Zn, Pb)

Developing supply agreements with cooperatives hungry

of monetizing non-visible gold and silver, of which they

have very little knowledge.

Processing of others’ ore

dumps (Arsenopyrites)

Exploration

of own mines

and Sourcing

of Materials

to be treated

from Other

Miners

Extraction,

Production

Trading

Preliminary exploration

in own mines and

screening of new ones

Current large scale

projects: Parco (Sb)

Sometal

Currently, flotating and leaching arsenopyrites from

Pacuani mine.

Other

Investments

Development of

procurement agreements

Processing of others’ ore

dumps

Strategic Alliances with

Indigenous Communities

Aliron has experience trading

minerals such as arsenopyrites

concentrates with high gold content,

lead and silver concentrates and gold

bars.

Main clients include: Dynacor Gold

in Peru, Trafigura Group and Marc

Rich International.

Aliron has a 3.5% interest in Sometal, a company that

plans to extract and process silver.

Currently, together with Australian geologists firm

Macallum in the exploration of antimony and gold at

Parco mine.

Several of mines in portfolio have been unexploited due

to problems between concessionaries with communities

or to concessionaries with limited knowledge about the

processing of arsenopyrites.

Currently, processing material from Lomas

Cooperative and X and X cooperatives in the

works.

13

III. Team & Track Record

13

A. Founders Team: CEOs and Board Members

B. Key Managers

C. Mining Transactions Record

D. Case Study—Inti Raymi

E. Case Study—Emsudoesa


14

III. Team—A. Founders Team: CEOs and Board Members

Mining and economic advisor for different mining companies in Bolivia.

General Manager (CEO) for Empresa Minera Inti Raymi S.A. since 1984 to 1998 to develop ore reserves, implementation of

leaching and CIL plants, and operation of the major gold producer in Bolivia and South America.

Project Manager for the Joint Venture Compañía Minera La Rosa, Billiton, development of ore reserves of Don Mario Project.

Representative of Bolivia to the International Council, 1980—1982, London England.

Planning Manager of Bolivian Mining Corporation (COMIBOL), the Bolivian state-owned mining company, La Paz-Bolivia.

Vice Minister of Mining and Metallurgy of Bolivia, 1977-1999.

Economist from Universidad Mayor de San Andres, La Paz-Bolivia; and Master’s Degree in Public Administration from Harvard

University, 1983, Cambridge-Mass.

Alvaro Ugalde Canedo, co-CEO of Empresa Minera Solitario C.A.

CEO of Aliron Resources Corp. since December 2011 and CEO of Empresa Minera del Sudoeste S.A. since May 2010.

Corporate Director of Empresa Inmobiliaria Chamartin, Real Estate Fund of Morgan Stanley in Europe, Madrid-Spain for 4 years

from 2006 – 2009

Investment Analyst for Kuna & Co, Frankfurt-Germany in 2005

Commercial Engineer Degree from Universidad Adolfo Ibanez, Vina del Mar-Chile; and Master´s Degree in Finance from

Universidad Adolfo Ibanez, and European Business School, Frankfurt-Germany.

Alvaro Ugalde Beyer, co-CEO of Empresa Minera Solitario C.A


Jon Leizaola, Director of Aliron Resources – Shareholder and Director of Austral Shareholder and Director of construction consortium of different civil works in Caracas, Venezuela since 1997 up to date.

Shareholder and Vice President of the AUSTRAL GROUP, which develops, promotes and markets government housing and

infrastructure projects and important office buildings in Caracas, totaling 1.5 million square meters of civil construction since 1995.

Broad experience in Latin America investment banking

Member of the board of directors of different companies in Latin America

President of the Stock Market of Caracas – Venezuela from 2000 to 2007.

Vice-president of the Board of Directors of the Institute of Superior Studies of Administration, IESA, Caracas-Venezuela.

Chairman of the Advisor Committee of Leadership and Competitiveness of Georgetown University, Washington DC.

Member of the Advisor Council of The John Kennedy School of Government, Cambridge, Mass.

Economist from Universidad Católica Andres Bello, Caracas-Venezuela; Master Degree from Yale University; and Master in Public

Administration from Harvard University.

Nelson Ortiz, Director of Aliron Resources – Shareholder and Director of Panor

15

III. Team—B. Key Management

Mr. Sanjines has led the sales and exports efforts for both mining companies Eminsol and Emsudoesa since 2010.

Prior to joining Eminsol he performed as independent consultant for commercial and mining projects, and as partner of Kracia Consulting, led from 2007 thru 2009 the

Andean Gaspipeline Project for client Kuntur SRL, whose major shareholder is Conduit Capital Parners, N.Y., and which project was awarded by the Peruvian

government.

Prior to Kracia Consulting and as Regional Manager for the Health Division of Adriatica de Seguros y Reaseguros SA in Bolivia, Mr. Sanjines led the increase of the

client portfolio by 200% in his first two years.

Prior to his insurance experience, Mr. Sanjines performed as financial advisor and as corporate finance executive for several mining and energy projects in Bolivia and in

the Andean Region.

Mr. Sanines holds degrees of Master in Public Administration from Harvard University Kennedy School of Government, Master in Industrial Engineering from Texas

A&M University, and Bachelor in Applied Science and Engineering from West Point Academy.

Julio E. Sanjines, Shareholder and Chief Marketing Officer of Empresa Minera Solitario C.A.

Mr. Barrientos has a consulting firm that provides geology-related services.

Prior to starting his consulting practice and to joining the Eminsol team, he was Chief of Exploration at Minera Pukaraju SA, where he directed all efforts of Peruvian

parent company, Minera Huallanca’s entry to Bolivian mining.

Prior to his years at Minera Pukaraju, he was the Head of Geology and Mining Information Department at Sergeotecmin, the Bolivian government’s technical agency

for geology, mining and the environment.

Before joining Sergeotecmin, Mr. Barrientos held several positions as Project Manager for Inti Raymi, Battle Mountain Gold Company, Exxon-La Barca, and

Geoandean Resources.

Mr. Barrientos held important positions, including the presidency at the Association of Geologists of Bolivia.

Mr. Barrientos is a Geology Engineer from Universidad San Andres in La Paz, he is married with three children and lives in La Paz.

Dardo Barrientos, Chief Geological Officer of Empresa Minera Solitario C.A.


Luiz Oliveira, Chief Exploration Officer of Inversiones Kaparipim S.A. at Parco mine Mr. Oliveira is the geologist in charge of the exploration and mine superintendent at Parco mine.

Prior to joining Eminsol, Mr. Oliveira performed as Project Manager of geologic exploration efforts for Eaglecrest Exploration Bolivia S.A., BHL-Minera Pukaraju

S.A., Newmont Mining and Inti Raymi, and as Senior Geologist for Geobol, Bolivian government’s geology services agency.

Mr. Oliveira is a Geology Engineer from Universidad San Andres in La Paz, and he has published several papers on the mineralization of sections of the Andes

cordillera.

Mr. Zanabria has been the Chief Operating Officer of Eminsol since September 2013, and has been implementing several improvements in the industrial division.

Prior to joining Eminsol, Mr. Zanabria led several positions in the Corporacion Minera de Bolivia, Chief Executive Office for 3 years

Mr. Zanabria holds is Environmental Engineer from Universidad San Andres in La Paz. He is married with three children and lives in La Paz.

Ramiro Zanabria, COO of Empresa Minera Solitario C.A.

III.C Mining Transactions Record

16

* INTI RAYMI was a subsidiary of Battle Mountain Gold Company with headquarters in Houston-Texas; and later purchased by NEWMONT Mining Company


1986: Toldos Biggest silver, lead and zinc operation in Bolivia

It is at present a subsidiary of Sumitomo, San Cristobal

Closed the financing for the initial prefeasibility study

Financing of USD 10m for a project valued at USD 40m

1992: Inti Raymi SA Largest gold reserve discovered in Bolivia

Previously, it was a subsidiary of Battle Mountain Gold Co. and later of Newmont Mining

Financing by OPIC USD 6m

Financing by IFC, OPIC & CAF of USD 110m

CEO together with Shareholders sold IRSA at Equity Value USD 200m

1995: Don Mario Second biggest gold operation in Bolivia, now one large operation of copper

Actual owner is Orvana Minerals

Contribute the Don Mario Project to Orvana in exchange of 50% of the Equity

Valued in the Toronto Stock Exchange at USD 50m

2004: Uyuni Saltlake Biggest Lithium, Borax & Potassium Operation in Bolivia

Actual Owner: The State of Bolivia

Sold the Project to Quiborax

Valued at Equity Value USD 1m

2013: Cerro Rico de Potosi – Colonial Dumps Operation One of the largest Silver Operations in Bolivia

Actually operated by Coeur d'Alene Mines Corp.

Sale 2% of the Project

Equity Value of USD 280m

2013: Potrero Project sold to the main Antimony Producer in Bolivia, Cominesa

Transaction Value USD 250k

2013: Parco Joint Venture with Macallum Group to explore the Parco Project

Initial Investment of USD 5m

COMINESA

Aliron Group has been involved in the financing and sale of the main mining operations in Bolivia

III.D Case Studies – Inti Raymi (Newmont Mining Operation in Bolivia*)

80s 90s 2001

50/50 JV Zealand Mines & West World

Initial Operations of 1,000 MT per day

(2 g/t)

In 1987 production of 44 kg of gold

monthly

In 1988 Battle Mountain Gold buys 33%

stake in Emirsa (Empresa Minera Inti

Raymi S.A.

1993: Battle Mountain Gold increase its

stake to 85%

Proven Reserves of 3 million ozt of Gold

The company was valued at USD 200

million in 1993

Investment of USD 200 million to

increase capacity to 1,512 Kgs. of Gold

In 1998 increases its stake to 88%

Newmont acquires Battle Mountain,

including its stake in Inti Raymi

17

* INTI RAYMI was a subsidiary of Battle Mountain Gold Company with headquarters in Houston-Texas; and later purchased by NEWMONT Mining Company


III.E Case Studies – Emsudoesa (Jucumarini &Marca Marcani Mines)

Empresa Minera del

Sudoeste S.A.

Mar 10 Dec 10June 10 Sept 10

Initial Prospection In Past Spanish

Works

Geosatellite Studies Preparation

Prospection, Exploration & Explotation

Permits

Social Permit from the community

Estimated Reserves of 13k ozt Au

Mine Preparation

Metalurgical Studies to recover gold from

Arsenopyrite

Advanced Geosatellite Studies

First extraction of 10 tpd

Estimated Resources of 5m ozt Au

Potential Area of 450 has with great

mineralization

Pilot Production of 1,300 tons of 10 grs.

Au/ton

Concentration of Arsenopyrite in a Pilot

Processing Plant with Recovery of 90%

Sale in Peru of Concentrates with 80% of

Recovery


19

IV. The Bolivian Opportunity

A. Current Macroeconomic Environment

B. Business Climate

C. Mining Leadership

D. Risk vs Rewards: Aliron Resources Thesis about Bolivia


IV. The Bolivian Opportunity – A. Current Macroeconomic Environment


14,9%13,3%14,4%16,0%16,9%

20,3%

24,7%26,9%

31,5%31,1%32,6%

26,9%30,7%31,9%

34,3%

24,6%21,4%21,5%20,2%21,7%

20,9%20,8%24,3%24,7%25,5%

27,5%24,8%25,6%

27,8%27,5%

'98 '99 '00 '01 '02 '03 '04 '05 06(p) 07(p) 08(p) '09(p) '10(p) '11(p) '12(p)

Exports of goods and services Imports of goods and services

Steady GDP Growth (%)1

Declining public debt suggest reasonable use of proceeds from

commodities boom (public debt as % of GDP)1

Inflation tied to commodities prices but under control (%)1 Increasing Trade Surplus (% of Economy’s Total Supply and Demand)1

“Boom” of commodity prices

Notes:

1. Source: Instituto Nacional de Estadística (www.ine.gob.bo)

5,0

0,42,5 1,7 2,5 2,7

4,2 4,4 4,8 4,66,2

3,4 4,15,2 5,2

'98 '99 '00 '01 '02 '03 '04 '05 '06E '07E '08E '09E '10E '11E '12E

National GDP

Mining GDP

4,4

3,1 3,4

0,9

2,4

3,9 4,6 4,9 4,9

11,7 11,8

0,3

7,2 6,9

2,4

5,7

'98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 YTD3Q13

Bolivia’s macroeconomic stability and sound fiscal condition may last various political cycles due to significant fiscal and trade sector

strengths

55% 55%53%

55% 56%

63%

58%

53%

28%

17%15% 15% 15% 14%

'98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11

http://www.ine.gob.bo/

IV. The Bolivian Opportunity – B. Business Climate and Recent

Regulatory Changes


Macro &

Mining

Sustained GDP growth over the last decade.

Low level of foreign debt, and a balanced fiscal policy with an average inflation

rate of 5.2% over the last 15 years.

Positive and healthy foreign sector trade balance.

International monetary reserves above 10 billion dollars.

Key supplier of natural gas to Argentina and Brazil.

Credit

Investments

Rule of Law

Even though there is limited banking credit availability for the mining sector, a

few bankers have shown interest in financing mining operations though other

entities.

Stable and low interest rates.

Growing investment in all economic sectors of Bolivia in the last four years.

Investment law in the process of approval by the government.

Bolivian Constitution guarantees private property and private investment.

Mining claims in the process of migration towards mining contracts, keeping

pre-existing mining rights.

Bolivian Mining Code in the process o approval, increasing tax weight slightly

and urging capex execution to mining claim holders.

Increasingly use of Arbitration as a mean to solve conflicts.

Politics

Important political and social changes to include indigenous population in the

political and economic dynamics of the Country.

A current government which controls 64% of the seats in both chambers,

Senators and Deputies, with a tendency for that control to significantly

decrease in the coming governmental elections.

Bolivian legal and regulatory framework presents challenges but also attractive opportunities, providing potential investors a wide range of

options and low entry costs, which is not the case of other mining South American countries. Despite the fact that the mining law is long overdue,

the legal framework improved considerably last year, when Congress enacted a law against subjugation of property related to mining activity,

illegal exploitation of mining resources, and illegal sales of mining resources.

Legal Framework Improvement

Illegal

Sales of

Mineral

Resources

“Whoever for whatever reason occupies a mining area through the use of by force, threats, deception or any other means, preventing the exercise of mining rights or depriving the State and / or mineral rights holders who are in lawful possession thereof, shall be punished with deprivation freedom of four (4) to eight (8) years.”

Illegal

Exploitation

of Mineral

Resources

Article

232 ter

Subjugation

in the

Mining

Sector

Article

232 bis

New

Crimes in

Bolivia’s

Penal

Code

Text of the Law

No. 176/2013-2014

Punish

ment

(years

in

prison)

“Whoever for whatever reason performs illegal exploitation of mineral resources without authorization or right granted under existing rules and regulations, shall be punished with imprisonment of four (4) to eight (8) years..”

“Whoever sells mineral resources resulting from the subjugation of mining areas or from the illegal exploitation of mineral resources, shall incur the penalty of imprisonment for three (3) to six (6) years..”

4 - 8

4 - 8

3 - 6

IV. The Bolivian Opportunity – B. Business Climate (Cont.)


Looking at the evidence, Bolivia is becoming friendlier to investors and also, contrary to what the headlines suggest, attracting more capital

than the largest Latin American economies1, as it outpaced Mexico and Brazil during the four years ending in 2010 in terms of foreign direct

investment inflows as % of GDP. Last, FDI net inflows suggest it is not following the Ecuadorean and Venezuelan model where FDI has

significantly dropped due to major government take-overs.

7,53

4,98 4,93

3,82 3,53

2,87

2,31 2,28 2,17

1,71

0,80

0,15

CHL URY PER CAN COL BOL MEX BRA ARG PRY ECU VEN

Foreign Direct Investment, net Inflows as % of GDP(Average of period)1

2003-2006

2007-2010

People tend to

think of Bolivia

as risky as

Ecuador and

Venezuela…But

actually, what is

happening is a

very different story:

investors are going

into Bolivia

Note:

1. Relative to the size of the economy. Source: World Bank databank.

IV. The Bolivian Opportunity – C. Mining Leadership

Bolivia in the Press—Time for A Second Look


“Time for a second look at Bolivia: UNDER-EXPLORED FORMER MININGBEHEMOTH STILL HAS PLENTY TO OFFER”The country offers immediate to short-term prospects for drilling unfinished silver and gold projects left over from

the last boom and longer-range chances to encounter unrecognized bulk-minable base and precious metal targets

in the Cordillera.

The Precambrian area had the Rapitan iron, small amounts of tantalite and beryl, and alluvial gold workings

during the Jesuits Orders' 18th-century theocracy in the Parana river basin. The recent boom added Don

Mario, Puquio Norte and other gold occurrences.

Later, on the strength of Don Mario geology, BHP Billiton (BHP-N) began a search for Broken Hill-type

sedex mineralization. This was quickly aborted, however, upon a misunderstanding with the local populace --

a previously unheard of event in the Precambrian. South Korean interests are presently about to drill stock-

work gold.

A greater challenge in Bolivia would be to explore for another Korikollo beneath Altiplano overburden, or a

Potosi or Catavi under past mineralization and volcanics in the tin-silver belt or even for porphyry copper along

structures such as the east-west Collahuasi lineament entering Bolivia from Chile.

Interestingly enough, Rio Tinto (RTP-N, RIO-L) predecessor RTZ tried this approach through induced-

polarization surveying that traced the West Fissure zone and through aeromagnetic surveying in the tin-silver

belt.

As can be seen, Bolivia is not for the faint-hearted, but then neither were Peru and Chile not so long ago.

Extracted from Northern Miner Newspaper “Time for A Second Look at Bolivia”,

by James McNamee and Osvaldo Arce-Burgoa.4th of July, 2010.

Mineralization in Bolivia

Even the press has already started talking about Bolivia as the next country promising high growth rates.


World Ranking of Bolivian Mineral Reserves—USGS Report1


The USGS confirms that there is still plenty of reserves to be developed. It is worth noticing that there has been no investment in exploration in

the last 60 years.

USGS Map of Mineralization in Bolivia

Note:

1. USGS 2010.

ESTIMATED RESERVES OF MAJOR MINERAL COMMODITIES IN 20101

Commodity World World

(Thousand metric tons unless otherwise specified) Reserves ranking percentage

Antimony, metal content 310 4 15

Bismuth, metal content 10 3 3

Gold, metal content metric tons 28 NA(2)

Lead, metal content 1,600 8 2

Natural gas3

billion cubic meters 750 29(2)

Petroleum3

million 42-gallon barrels 465 45(2)

Silver, metal content metric tons 22,000 8 5.5

Tin, metal content 400 6 7

Tungsten, W content 53 5 2

Zinc, metal content 6,000 9 3

NA: Not available.

Notes:

1. Combined proven plus probable reserves estimated from a combination of company, Government, and secondary sources.

2. Less than 1/2 unit.

3. Proved reserves only. Source: U.S. Energy Information Administration, [undated], International energy statistics—

Natural gas—Reserves: U.S. Energy Information Administration. (Accessed August 6, 2010, at

http://tonto.eia.doe.gov/cfapps/ipdbproject/IEDIndex3.cfm?tid=3&pid=3&aid=6.)


Top Ten Countries Producers for Selected Minerals—USGS Report1


Note:

1. USGS 2011.

Go

ld1

Silv

er2

An

tim

on

y3A

rsen

ic T

rio

xide4

Bis

muth

5B

oro

n M

iner

als6

Zin

c7T

un

gste

n8

2.500

1.964

1.023 900 900600 502 500 499

Ch

ina

Russ

ian

Fed

erat

ion

Can

ada

Bo

livia

Aust

ria

Po

rtu

gal

Th

aila

nd

Per

u

Bra

zil

Rw

and

a

3.100.000

1.509.129 1.290.000736.000 698.901 695.000 480.000 421.721 390.000 385.670

Ch

ina

Per

u

Aust

ralia

Un

ited

Sta

tes

Can

ada

Ind

ia

Kaz

akh

stan

Bo

livia

Mex

ico

Irel

and

1.300

750607,92

400187,22 145 83,27 30 2

Turk

ey

Arg

enti

na

Ch

ile

Russ

ian

Fed

erat

ion

Per

u

Ch

ina

Bo

livia

Kaz

akh

stan

Iran

, Is

lam

icR

epub

lic

Of

6.000

960 854150 86 65 50 40 21

Ch

ina

Per

u

Mex

ico

Kaz

akh

stan

Can

ada

Russ

ian

Fed

erat

ion

Bo

livia

Ro

man

ia

Jap

an

25.000

11.4008.950

4.3211.600 1.500 1.500 1.000 250 200

Ch

ina

Ch

ile

Moro

cco

Per

u

Mex

ico

Kaz

akh

stan

Russ

ian

Fed

erat

ion

Bel

gium

Can

ada

Bo

livia

3.5003.000 2.800

2.0001.700

1.000530

56 10

Ch

ina

Russ

ian

Fed

erat

ion

Bo

livia

So

uth

Afr

ica

Taj

ikis

tan

Turk

ey

Aust

ralia

Per

u

Can

ada

Kyr

gyzs

tan

3.854 3.553,842.900

1.635 1.400 1.325 1.301,02 1.250 1.206678,23

Per

u

Mex

ico

Ch

ina

Aust

ralia

Russ

ian

Fed

erat

ion

Bo

livia

Ch

ile

Un

ited

Sta

tes

Po

land

Kaz

akh

stan

320.000

223.000 222.000 197.698 190.693 182.391130.000

97.367 90.000

7.000

Ch

ina

Un

ited

Sta

tes

Aust

ralia

So

uth

Afr

ica

Russ

ian

Fed

erat

ion

Per

u

Ind

on

esia

Can

ada

Uzb

ekis

tan

Bo

livia

Bolivia is a mineral rich country and is usually within the top ten producer countries for several mineral, except for gold, even after decades of

limited exploration in all the country.

150,000

51,000

(ran

ked

34th

)


Selected Major Operating Mining Companies in Bolivia1


Several of the largest mining corporations are already in Bolivia, and they have kept their capital expenditures commitments despite the

political environment.

Notes:

1. USGS 2011

2. Previously owned by Newmont Mining.

3. Glencore operates five mines in Bolivia. It is negotiating joint-venture agreements for four of them and is also negotiating the sale of Colquiri mine to the government.

4. FY 2011.

Processing capacity Revenues

Company Ultimate Parent Company Location of main facilities Employees Gold Silver Lead Iridium Antimony Tin Zinc (US$mm)

Empresa Minera San Cristóbal S.A. Sumitomo Corp., 100%. San Cristobal Mine, southwestern

Bolivia

115,000 525,000 82,000 270,000 na

Empresa Minera Inti Raymi S.A. 2 Compañía Procesadora de Minerales

S.A., 88%, and Empresa Minera

Unificada S.A., 12%.

Kori Chaca open pit mine and Kori

Kollo leaching plant, near city of

Oruro

580 2,300 1,800 na

Empresa Minera Paititi S.A. Orvana Minerals Corp. Don Mario Mine, 3 Chiquitos

Province, Santa Cruz Department

na 2,100 7,500 $32 (4)

Sinchi Wayra S.A.3 Glencore International AG, 100%. Bolivar, Porco, and San Lorenzo

Mines, Oruro and Potosi

Departments

2,200 180,000 15,000 70 6,000 205,000 na

Empresa Minera Unificada S.A.

(EMUSA)

Private investors. Caracota, Chilcobija, and Espiritu

Santo Mines, Potosi Department

na 1,100 na

Empresa Minera Manquiri S.A. Coeur d'Alene Mines Corp., 100%. San Bartolomé Mine, by Cerro Rico,

near Potosi Potosi Department

328 280,000 $141

Compañía Minera PAS (Bolivia) S.A. Pan American Silver Corp., 95%, and

Trafigura Baheer B.V., 5%.

San Vicente Mine, Potosi

Department

na 100,000 na

IV. The Bolivian Opportunity – D. Risks vs Opportunities

Aliron’s Thesis


The shareholders of Aliron Resources believe that Bolivia is slowly and steadily becoming a go-to mining destination in South America

Aliron Resources’ Thesis about BoliviaRisks and Opportunities

Risks

Oppor-

tunities

Bolivia has a mineralization and mining potential very likely to be

greater than those of Peru and Chile and it is waiting to be

developed.

Bolivian mining risk has been either in very large scale and visible

projects with significant political and social complexities or in very

small scale miners who may not engage appropriately with the

communities adjacent to the mines and who are also vulnerable to

mining cooperatives that seek metals in pure state.

Aliron believes that a mid-to-large size operator can effectively

shield itself from both risks and to fill in the gap between small

miners and large processors of minerals.

Aliron’s management has leverage with the mining community

and it also has a respectful relationship with the regulator and

government officials.

Uncertain regulatory changes and possibly a new

mining law in the next couple of years.

Difficulty in dealing with Aymara indian

communities.

Difficulty in obtaining permits for exports.

Aliron’s management has efficiently negotiated

with Aymara communities over the past thirty

years and it has become clear that the only way is

to create and environment with the appropriate

incentives for all stakeholders.

Aliron has already dealt with the initial and

complex part of the registration requirements for

exports.

28

V. Selected Profiles

A. The Illampu Mining District – Gold Perspective of Aliron

B. The Albertito Mining District – Copper Perspective of Aliron


A. The Illampu Mining District – Gold Perspective of Aliron

Located 150 kms. away from La Paz

The Company has developed approx. 800

meters of adits to explore and generate a pilot

production of 20 MTPD of Arsenopyrites with

content of Au 10 g/t

The company has found an important

mineralized body of rich content in gold.

The body is kilometric and with disseminated

contents of 3-5 g/t

Now Aliron is heading to start a drilling

programme to cut the main bodies and

determine reserves.


Estimated Resources

Description

Illampu

BOLIVIA

Location

Pictures

Located Located 150 kms. away from La

Paz in the Department of La Paz, Bolivia

4.8m ozt of Gold as Estimated Resources,

based on various studies of Aliron

Resources and Michaco DBT

Gold Projects in Bolivia

Main Deposits in La Paz

Main Deposits in Oruro

Aliron has identified all known Gold

Projects in Bolivia in an extensive Research

to acquire an important Portfolio of the

main Gold Projects in the Country

According to studies made in the Illampu

Project in the 800 mts. adits (different levels)

and related outcrop samples, Aliron calculated

the potential resource

30m MT @ 5g of Au per MT

The project has breccias with values of 20-80

g of Au per MT

Nevertheless the massive structure have

values of 5 g of Au per MT

B. The Albertito Mining District – Copper Perspective of Aliron

Located in Sud Lipez, Potosi, 139 Kms away

from Uyuni, Bolivia

The Property is hold through a Joint Venture by

Aliron Resources with Bonifaz family

The mining claim has a great potential in copper

mineralization, totalling an area of 2,850 has.

Oro Verde has undertaken important studies to

determine Probable Reserves of 2.4m tons with

7.46% of Cu and Potential Resources 3.9m tons

with 7.56% of Cu

The zone needs exploration and Aliron is

acquiring important areas to undertake the task


Mine MT % Cu FMT

Probable Resources 177.502

Esmeralda 208.000 8,00 16.640

Khellu Khellu 858.000 7,50 64.350

San Juan 676.000 9,00 60.840

Other 637.000 5,60 35.672

Geological

Resources 243.456

Esmeralda 975.000 8,00 78.000

Khellu Khellu 195.000 7,50 14.625

San Juan 1.066.000 9,00 95.940

Other 980.200 5,60 54.891

TOTAL 420.958

Estimated Resources (Oro Verde)

Description

Albertito

BOLIVIA

Location

Pictures

Located in Sud Lipez, Potosi, 139 Kms

away from Uyuni, Bolivia

420.958 FMT of Cu as Estimated

Resources

Copper Projects in Bolivia

Main Deposits in La Paz

Main Deposits in Potosi

Aliron has identified all known Copper

Projects in Bolivia in an extensive Research

to acquire an important Portfolio of the

main Copper Projects in the Country

C. Capina Saltlake – Ulexite Project in Potosi, Bolivia

The property can be reached by road from either Bolivia or Chile. The

route from La Paz, Bolivia, includes 450 kilometers of paved/gravel road

to Uyuni and another 225 kilometers of rough dirt road to Capina Salar.

Under normal weather conditions, this route takes two days with a four-

wheel-drive vehicle- During the rainy season (December to March),

occasional flooding can occur in the area of Uyuni, thus increasing travel

time

During 1994, Boron Chemicals / Teck completed various work

programs on Capina’s properties. The objective of these programs

included:

1. Verifying and confirming analytical results from previous work programs,

2. Enhancing the reserve base from a classification of “mineral inventory” to

“probable reserves” of ulexite and

3. Collecting sufficient samples for metallurgical purposes

4. Process Design for Borax Penta & Decahidatate and Boric Acid


Capina is located in the far southwestern corner of Bolivia, about 200 kilometers southwest of Uyuni. The Concession is located in the

Canton Quetena of the Provincia of Sud Lípez in the Departamento of Potosí, Bolivia. The Property is at an elevation of 4,420 meters

Location Ore Horizon Tonnage Grade %

Minerable In-Situ Reserves1

Lourdes White 3.840.000 12,47%

Lourdes Orange 10.900.000 12,47%

Other Kapina White 1.900.000 11,28%

TOTAL 16.640.000 11,88%

Minerable Air-Dried Reserves2

Lourdes White 1.900.000 25,20%

Lourdes Orange 5.060.000 25,40%

Other Kapina White 1.010.000 24,10%

TOTAL 7.970.000 25,19%

Notes

1. Wet Material, head grade considers free H2O

2. Dry material

Project Description

Proven Reserves

Aliron is actually owner of Empresa Minera Mundaka SRL that has already the priority rights to explore and produce in the Capina Saltlakeand Capina Property

The company has all the feasibility study studies of the Project:1. Project Economic Analysis – Weir Internation Mining Consultants

2. Reserve Evaluation – Nowak & Associates / M.D. Philpot

3. Process Design – Hazen Research, Inc.

4. Mine Design, Mine Capital and Operating Cost Estimate; and Transportation – Weir International Mining Consultants

5. Plant Design, Processing Plant Capital and Operating Cost Estimate –Bateman Engineers

6. Product Pricing and Markets – Peter W. Harben Inc. / Boron Chemicals

Actual Status

The Proven Reserves @ Market Price of USD 130 are

valued @ USD 1.036m

Disclaimer

32

THE INFORMATION CONTAINED IN THIS DOCUMENT, INCLUDING ANY ATTACHMENTS AND APPENDICES HERETO (COLLECTIVELY, THIS “PRESENTATION”) IS BEING FURNISHED ON A CONFIDENTIAL BASIS BY ALIRON

RESOURCES CORP. (THE “COMPANY”) SO THAT YOU MAY CONSIDER AN INVESTMENT. NO REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, IS GIVEN BY THE COMPANY OR ANY OTHER PERSON AS TO THE

ACCURACY OF THE INFORMATION OR OPINIONS CONTAINED IN THIS DOCUMENT AND NO RESPONSIBILITY OR LIABILITY IS ACCEPTED FOR ANY SUCH INFORMATION OR OPINIONS. THIS PRESENTATION HAS NOT BEEN

APPROVED BY THE NATIONAL BANKING AND SECURITIES EXCHANGE COMMISION (COMISIÓN NACIONAL BANCARIA Y DE VALORES DE MEXICO) OF THE UNITED MEXICAN STATES. NEITHER THE COMPANY NOR SP

SOLUTIONS IS MAKING ANY REPRESENTATION OR WARRANTY TO AN INVESTOR REGARDING THE LEGALITY OF AN INVESTMENT IN THE COMPANY BY SUCH INVESTOR OR ABOUT THE INCOME AND OTHER TAX

CONSEQUENCES TO IT OF AN INVESTMENT IN THE COMPANY. THE INFORMATION IN THIS PRESENTATION HAS BEEN PROVIDED BY THE COMPANY AND DERIVED FROM OTHER SOURCES AND SP SOLUTIONS HAS NOT

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COMPLETENESS OR REASONABLENESS OF THE INFORMATION OR OPINIONS CONTAINED HEREIN AND NO RESPONSIBILITY OR LIABILITY IS ACCEPTED FOR ANY SUCH INFORMATION OR OPINIONS.

NO PERSON HAS BEEN AUTHORIZED TO MAKE ANY REPRESENTATIONS OR GIVE ANY INFORMATION WITH RESPECT TO THE INTERESTS EXCEPT THE INFORMATION CONTAINED IN THE CONFIDENTIAL PRIVATE

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ADDITIONAL INFORMATION THEY MAY CONSIDER NECESSARY OR DESIRABLE IN MAKING AN INFORMED INVESTMENT DECISION. EACH PROSPECTIVE PURCHASER IS INVITED, PRIOR TO THE CONSUMMATION OF A

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ANY PROJECTIONS OR OTHER ESTIMATES IN THIS PRESENTATION, INCLUDING ESTIMATES OF RETURNS OR PERFORMANCE, ARE FORWARD-LOOKING STATEMENTS AND ARE BASED UPON CERTAIN ASSUMPTIONS.

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FROM THOSE IN ANY FORWARD-LOOKING STATEMENTS INCLUDE, AMONG OTHERS, THE FOLLOWING: FINANCIAL, MARKET, ECONOMIC OR LEGAL CONDITIONS, AND FOREIGN EXCHANGE DEVELOPMENTS.

ACCORDINGLY, THERE CAN BE NO ASSURANCE THAT ESTIMATED RETURNS OR PROJECTIONS CAN BE REALIZED OR THAT ACTUAL RETURNS OR RESULTS WILL NOT BE MATERIALLY LOWER THAN THOSE ESTIMATED

HEREIN. SUCH ESTIMATED RETURNS AND PROJECTIONS SHOULD BE VIEWED AS HYPOTHETICAL AND DO NOT REPRESENT THE ACTUAL RETURNS THAT MAY BE ACHIEVED BY AN INVESTOR. INVESTORS SHOULD

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THE RETURN INFORMATION CONTAINED HEREIN SHOULD NOT BE CONSIDERED REPRESENTATIVE OF THE RETURNS THAT MAY BE RECEIVED BY AN INVESTOR. CERTAIN FACTORS EXIST THAT MAY AFFECT

COMPARABILITY INCLUDING, AMONG OTHERS, THE DEDUCTION OF FEES AND EXPENSES AND THE PAYMENT OF A CARRIED INTEREST. EACH PROSPECTIVE INVESTOR SHOULD MAKE ITS OWN INVESTIGATION OF THE

INVESTMENT DESCRIBED HEREIN, INCLUDING THE MERITS AND RISKS INVOLVED AND THE LEGALITY AND TAX CONSEQUENCES OF SUCH AN INVESTMENT. EACH PROSPECTIVE INVESTOR SHOULD MAKE ITS OWN

INQUIRIES AND CONSULT ITS OWN ADVISORS AS TO LEGAL, TAX AND RELATED MATTERS CONCERNING THE COMPANY, THE OFFERING AND AN INVESTMENT IN THE INTERESTS. NONE OF THE COMPANY OR SP

SOLUTIONS IS MAKING ANY REPRESENTATION OR WARRANTY TO AN INVESTOR REGARDING THE LEGALITY OF AN INVESTMENT IN THE COMPANY BY SUCH INVESTOR OR ABOUT THE INCOME AND OTHER TAX

CONSEQUENCES TO IT OF SUCH AN INVESTMENT.

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SUITABLE ONLY FOR SOPHISTICATED INVESTORS AND REQUIRES THE FINANCIAL ABILITY AND WILLINGNESS TO ACCEPT THE RISKS AND LACK OF LIQUIDITY INHERENT IN AN INVESTMENT IN THE INTERESTS.

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SUBSCRIPTION AGREEMENT AND OTHER RELATED DOCUMENTS ARE DESCRIBED IN SUMMARY HEREIN. THESE DESCRIPTIONS DO NOT PURPORT TO BE COMPLETE AND EACH SUMMARY DESCRIPTION IS SUBJECT TO,

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CERTAIN INFORMATION IN THIS PRESENTATION HAS BEEN OBTAINED FROM SOURCES BELIEVED TO BE RELIABLE, ALTHOUGH NEITHER THE COMPANY NOR SP SOLUTIONS GUARANTEES ITS ACCURACY,

COMPLETENESS OR FAIRNESS. OPINIONS AND ESTIMATES MAY BE CHANGED WITHOUT NOTICE.


Contact Information

33

Aliron Resources Corp.Av. Montenegro Nr. 909, Urb. Calacoto,

La Paz, Bolivia

Phone: +591 2279-6828

Alvaro H. Ugalde Beyer

+591 6700-9074

[email protected]

Alvaro Ugalde Canedo

+591 6700-9076

[email protected]

Jon Leizaola

+57 320-211-7929

[email protected]


mailto:[email protected]



201401 aliron corporate

Economy & Finance

Transcript of 201401 aliron corporate