Objective Capital's Industrial Metals, Minerals & Investment Summit 2010 London Chamber of Commerce and Industry 3 November 2010 Speaker: Nick Tintor, Southern Andes Energy

1. INDUSTRIAL METALS, MINERALS
AND MINEABLE ENERGY
INVESTMENT SUMMIT 2010
LONDON CHAMBER OF COMMERCE & INDUSTRY ● WEDNESDAY, 30 NOV 2010
www.ObjectiveCapitalConferences.com
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Defining deposits in Peru's uranium district
Nick Tintor – CEO, Southern Andes Energy

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Developing Peru’s Untapped
Uranium Resources
Objective Capital’s Mineable Energy Investment Summit
London,
November 3, 2010

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These materials present an overview of Southern Andes Energy’s projects in
southern Peru. Readers are cautioned that the projects are at an early stage and
that all estimates and information contained herein are based on limited and
incomplete data. Additional work is required before the mineralization and the
economic potential of the projects can be confidently modeled. Statements
reflected in this presentation may contain “forward-looking statements” including
management’s assessments of future plans and operations including
expectations of future production and capital expenditures. These statements
regarding potential mineralization and resources, estimated or potential future
production, potential ranking of properties and future plans and objectives of the
Company, are forward-looking statements that involve various known and
unknown risks, uncertainties and factors. Consequently, actual results may differ
materially from those anticipated in the forward-looking statements. While the
work, results, estimates and projections in the presentation may be considered
indicative of the nature and quality of the work undertaken, they are not
definitive. Readers are advised that undue reliance should not be placed on
forward-looking statements.
Cautionary Note
Concerning Forward-Looking Statements
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4. TSX-V:SUR
Southern Andes Energy
Discovering & Developing Peru’s Uranium Resources
Company formed in 2010 with explicit focus on developing Peruvian uranium assets
Largest landowner of
uranium assets in
Macusani Plateau
Strategic equity interests
• Controlling over 900 km2 of land
concessions
• Over 55 uraniferous anomalies identified on
Southern Andes’ land concessions
• 12.7% equity interest in Macusani Yellowcake
Inc.
• Controlling portfolio of advanced-stage
silver-zinc-lead projects in Peru
Objective: Invest in strategic land package and
attract partners to develop assets
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Our Team
Management
Nick Tintor, President & Chief Executive Officer
Geologist, with over 25 years of experience in the mining industry; has been involved with all aspects of junior mining
company management, finance and project acquisition.
Hatem Kawar, Chief Financial Officer
Over 25 years of experience in technical and management aspects of industrial mineral projects in the Middle East. MBA
degree (Schulich, York University, Canada).
Arnaldo T. Leon, Country Manager – Peru
Mr. Leon is a mining engineer with over 32 years of experience as a mining specialist in Peru. Responsible for managing
Southern Andes Energy's existing property portfolio.
Alain Vachon, Exploration Manager
More than 33 years of experience in exploration of which the last 13 in Peru as General Manager and consulting
geologists for various junior Canadian companies.
Robert Boaz,
Independent Chairman
Board of Directors
Jonathan Challis
John Cook
Laurence Curtis
James Garcelon
Nick Tintor
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Why Uranium Today?
• Spot price for U3O8 up 26% since June 2010 to US$52.00
• Good buy-in opportunity across whole spectrum of uranium mining plays
• Currently 441 commercial nuclear reactors are in operation in 30 countries
 58 units under construction worldwide representing ~60GWE of capacity
 152 units and 337 units planned and proposed respectively
Catalysts:
• Continued price volatility but expected long-
term gains due to fundamental demand with
supply deficit by 2013
• Producers are buying at spot
• Possible re-entry of hedge funds?
Uranium renaissance driven by strategic demand, rising prices
(Source: UXC, September 2010 presentation)
40
45
50
55
USD
Uranium Spot Price:
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Why Peru?
A stable, pro-mining jurisdiction with good infrastructure
• Peru vastly underexplored for uranium
• The country has not previously emphasized uranium deposits, but is receptive to the development
of these prospects
• Potential for open pit deposits between 5-25 million lbs in size
• Peru supporting export of uranium by 2011 – also highly probable to be 1 of 4 Latin American
countries to have a nuclear reactor generating capacity
(Source: Peru Ministerio de la Produccion, Adex DataTrade, BCRP and MINEM)
Excellent government support for uranium mining
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8. TSX-V:SUR
Macusani Plateau
Southern Andes controls the Macusani Uranium District
Property Size (Hectares) Commodity
Macusani East 47,819 Uranium
Macusani West 45,900 Uranium
Macusani South 10,600 Uranium
Picotani 6,606 Uranium
Piluani & Princesa 24,000 Lead, zinc & silver
Cullquimayo 5,300 Silver, copper, nickel & gold
All properties are 100% owned by Southern Andes
LIMA
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Bear Creek – Corani
Quenamari Caldera
Macusani West Macusani East

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Macusani East
Significant Uranium Resources
Sayaña Central
1.85 million lbs.
Calvario I
1.48 million lbs.
Calvario III
1 million lbs.
Puncopata
386,000 lbs.
Colibri
17 million lbs.
Corachapi
6 million lbs.
Kihitian
280,000 lbs.
high grade structure
Tantamaco
14 million lbs
Chacaconiza
Target Area

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Calvario I Project
Past exploration work consisted of:
• Geological reconnaissance survey of IPEN’s showing and limited trenching.
• Detailed radiometric survey.
• 2006-2007: 72 holes drilled - 3982.3 m.
(1) Source: Frontier Pacific Mining Corporation and not compliant with NI 43-101 standards or protocols.
Tonnes Grade (% U3O8) U3O8 (lbs)
2,291,000 (1) 0.029 1,480,000
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Calvario I Project
CALVARIO I PROJECT: DRILLING SUMMARY
Hole Easting Northing Elev Length Best Values in ppm U3O8
CAL06-04 332550 8464975 4491 6.00 5.00-11.00: 894 ppm
CAL06-05 332600 8464949 4487 5.00 2.52-7.52: 404 ppm
CAL07-02 332625 8464823 4485 2.00 26.00-28.00: 7122 ppm (0.71%)
CAL07-04 332625 8464823 4485 6.00 28.00-34.00: 1213 ppm (0.12%)
CAL07-15 332703 8464899 4468 4.85 0.15-5.00: 491 ppm
CAL07-18 332799 8464843 4479 2.00:1.00 19.00-21.00: 861 ppm; 25.00-26.00: 958 ppm
CAL07-21 332723 8464774 4486 3.00 33.00-36.00: 3410 ppm (0.34%)
CAL07-22 332723 8464774 4486 5.00 30.00-35.00: 2087 ppm (0.21%)
CAL07-27 332602 8464731 4478 3.00 34.00-37.00: 7043 ppm (0.70%)
CAL07-28 332602 8464731 4478 5.00 32.00-37.00:1205 ppm
CAL07-30 332451 8464735 4454 2.00 6.00-8.00: 2658 ppm (0.27%)
CAL07-38 332651 8464925 4471 6.50 1.50-8.00: 484 ppm
CAL07-39 332651 8464925 4471 7.00 2.00-9.00: 1608 ppm (0.16%)
CAL07-40 332651 8464925 4471 7.00 2.00-9,00: 1196 ppm (0.12%)
CAL07-45 332850 8464819 4473 3.00 8.00-11.00: 1173 ppm (0.12%)
CAL07-48 332850 8464819 4473 10.00 3.00-13.00: 1161 ppm (0.12%)
CAL07-50 332470 8464984 4472 7.00 1.00-8.00: 525 ppm
CAL07-51 332470 8464984 4472 8.00 3.00-11.00: 553 ppm
CAL07-52 332470 8464984 4472 5.00 11.00-16.00: 345 ppm
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Calvario I Project
PUN07-01: 59.00 m-60.00m: 26775 ppm U3O8PUN07-01: 59.00 m-60.00m: 26775 ppm U3O8
CI07-27: 34.00 – 35.00 m: 18595 ppm
U3O8
Layer 1: 2 m- 20 m thick
Surface to 20 m in depth
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Macusani East – Chacaconiza
Target Area
Top exploration priority for the company
• Largest radiometric targets in district
located in the SW corner of the
Macusani East Project
• High radiometric anomalies with
+40,000 cps values have been
identified
• Reconnaissance program in progress
• Trench and channel sampling wide
zones of uranium autunite
mineralization on surface.
Focus 2010 – 2011:
• Map and sample each target
• Trenching and channel samples
• Define mineralization on surface
• Prepare to drill in 2011
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Chachaconiza – Widespread U Anomalies
Accocucho Sur hosts widespread
autunite uranium mineralization in
area of high radiometrics
Zones of +25,000 cps
radiometrics
Alpi-2 Zone radiometric anomaly
strikes for more than 6,000 m and
is more than 40 m in width

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Macusani East – Chacaconiza
Accocucho Sur Target
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100 m
250 m

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Macusani East – Chachaconiza
Accocucho Sur Target
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Turpuramani Radiometric Extension
of Colibri II-III Deposit
Colibri deposit hosts
17 million lbs. U3O8
Tupuramani claim has
large radiometric anomaly
on strike with radiometrics
at Colibri

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Macusani West
Focus 2011:
• Define anomalies with close spaced
mapping and surface sampling
• Include trench and channel samples of
zones
• Develop drill targets for 2011
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• The Macusani West project is highly
prospective.
• Large anomalies identified by ground
radiometrics
• Initial analysis shows wide spread
disseminated uranium
• Uranium mineralization consists of
secondary minerals such coffinite,
autunite, tyuyamunite and carnotite.
Chahuaña Uranium Targets

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Chahuaña Target Areas
• North target 600 m x 800 m
• Mineralized unit up to 30 m
thick
• Uranium disseminated
• New area which has never
been drilled
• All targets remain open

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Ignimbrite with
abundant obsidian
UV Highlights
Disseminated Uranium

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Preliminary Test Work
Positive Metallurgical Results
Positive results were obtained from all samples submitted to the leaching test
• U3O8 extraction; Pich sample; columns 1,2,3,4: Average 88.3%;
• U3O8 extraction; Viz sample; columns 5,6,7,8: Average 99.5%;
• U3O8 extraction; Cha sample; columns 9,10,11,12: 98.2%;
• Total acid consumption of columns 1 to 4 ranges between 13 and 14.5 kg/t;
• Total acid consumption of columns 5 to 8 ranges between 12 and 14.1 kg/t ;
• Total acid consumption of columns 9 to 12 ranges between 13.8 and 16.4 kg/t.
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Metallurgical Tests
• Positive results were obtained from all samples
submitted to the leaching test
• U308 extraction; Pich sample; columns 1, 2, 3, 4:
Average 88.3%
• U308 extraction; Viz sample; columns 5, 6, 7, 8:
Average 99.5%
• U308 extraction; Cha sample; columns 9, 10, 11,12:
98.2%
• Total acid consumption of columns 1 to 4 ranges
between 13 and 14.5 kg/t
• Total acid consumption of columns 5 to 8 ranges
between 12 and 14.1 kg/t.
• Total acid consumption of columns 9 to 12 ranges
between 13.8 and 16.4 kg/t
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Macusani Uranium - Low Cost Production
Positive Mining Attributes
The mineralization found in the Macusani Uranium District is characterized by significant mining
attributes:
• Near-surface mineralization
• Low blast factor in friable rocks
• Possible ripping at start
• Low work index means low crushing costs
• Very low reagent consumption in preliminary metallurgical testwork
• Excellent leach recoveries due to high porosity in host rock: +90%
• Ore in grades ranging from 200 ppm to 300 ppm
District characteristics suggest
low operating costs per lb.
<$25/lb
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26. TSX-V:SUR
Caracara Silver Spin-out in Process
Silver-lead-zinc projects in Southern Peru 100% SAE-owned
• NI 43-101 resources of 28 million oz Ag equivalent (1)(2)
• Two main projects: Princesa and Pilunani
 Princesa: Resource (1) of 4.6 million tonnes @ 90.88 g/t Ag, 1.69% Zn, 1.66% Pb
• Added key projects via vendor deal and map staking; significant regional upside
• Holdings expanded and exceed 24,000 hectares covering more than of 30 km strike
• Region has excellent road access via new InterOceanicHighway
(1) Mr. Alain Vachon, P. Geo., Company’s Qualified Person as defined by NI 43-101
(2) Silver equiv. based on Ag spot price of US$18.23/oz. and Zn spot price of
US$0.827/lb and US$0.815/lb Pb, published by Kitco on July 14, 2010
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Caracara Silver Spin-out
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Very Prospective Landholding
Recent High Grade Sampling (1)
(1) Mr. Alain Vachon, P. Geo., Company’s Qualified Person as defined by NI 43-101
Property Sample No. Zinc Lead
Parcuyo PAR01 8.54% 11.95%
PAR02 24.07% 9.43%
Property Sample No. Silver (g/t) Zinc Lead
Princesa Princesa 854 >30% 8.52%
Princesa Project
• Diatreme breccia structure
Parcuyo Project
• Large diatreme breccia structure
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29. TSX-V:SUR
Southern Andes Energy
A Perfectly Positioned Peruvian Uranium Play
Share structure:
As of October 20th, 2010
Shares Outstanding 53,659,709 Share Price $0.20
Options Outstanding 1,481,662 Market Capitalization $12.44 m
Warrants Outstanding 3,125,000 Cash $2 million
Fully Diluted 58,266,371
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Summary and Conclusions
 Uranium and nuclear renaissance is real
 Southern Andes Energy controls the new Macusani Uranium District
in Peru with more than 100,000 hectares
 Results to date point to potential for lowest quartile production costs
 Plan to drill new surface discoveries and known zones in 2011
 Spinning out significant silver projects into Caracara Silver
 Significant value creation in 2011 from uranium and silver
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31. TSX-V:SUR
Head Office (Toronto, Ontario, Canada)
Nick Tintor, President & CEO
Office Tel: +1-416-987-0855
Mobile Tel: +1-416-953-4244
Email: ntintor@southernandes.ca
Investor Relations (Toronto, Ontario, Canada)
Garreth Elston, Investor Relations
Office Tel: +1-647-438-2193
Mobile Tel: +1-647-290-7992
Email: garreth@thecapitallab.com
Contact
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