Prima Fluorspar Corp. Investor Presentation. A detailed look at the fluorspar sector and the Delgerkhan mine in Mongolia.

1. October 29, 2013

2. Disclaimer
This presentation has been prepared by Prima Fluorspar Corp. (“Prima”) using its best efforts to realistically and factually present the information
contained. Subjective opinion, dependence on factors outside Prima’s control and outside information sources unavoidably dictate that Prima
cannot warrant the information contained to be exhaustive, complete or sufficient. In addition, many factors can significantly alter the results
intended by Prima, rendering the results or outcomes described unattainable or substantially altered. Therefore, interested users should conduct
their own assessment and consult with their own professional advisors prior to making any investment decisions.
This presentation does not constitute a prospectus or public offering for financing, and no guarantees are made or implied with regard to the
success of Prima’s proposed ventures. Interested investors are advised to seek advice from their investment advisors.
The presentation is being disclosed to the user for user’s discussion, review, and/or evaluation only.
Historical Data Regarding the Delgerkhan Fluorspar Mine
A technical report prepared by Micromine Proprietary Limited (“Micromine”) was completed in August 2012. No additional work has been done on
the Berkh Uul properties since the completion of the report. We therefore consider that the report to be very reliable and very relevant. However,
as the report was not prepared for Prima, it is required under NI 43-101 to be updated and until then, we are not treating the historical estimate as
current mineral resources or mineral reserves.
Historical Data Regarding the Liard Fluorspar Property
Prima Fluorspar Corp (Prima) has not undertaken an independent verification to classify the historic resource estimate quoted from a Mineral
Potential Compilation Report for the BC Department of Economic Development, by Wright Engineers Limited and H.N. Halvorson Consultants Ltd., in
January 17, 1975 as a current mineral resource. Neither has Prima independently verified the results of the previous exploration work. Therefore,
the historical mineral resource should not be relied upon. However, Prima believes the information to be relevant and reasonably reliable. An
unknown quantity of the 3.2 million tonnes are on mineral claims outside of the current Liard Fluorspar Property. However, based on the
information available, the majority of the estimate is based on the deposits located on Prima’s Liard Fluorspar Property. The key assumptions,
parameters and methods of the resource estimate are unknown at this time. New deposit definition drilling and surface trenching are needed to
develop a current resource estimate on the property.
Prima believes that these historical mineral resources provide a conceptual indication of the potential of the property and are relevant to ongoing
exploration.
2

3. About Prima
Prima is positioned to be
a major global fluorspar producer and supplier
through development and acquisition
of leading fluorspar assets
3

4. Presentation Overview
 What is fluorspar?
 Pending transaction between Prima Fluorspar Corp. and
Firebird Management LLC
 Mongolia: rich in fluorspar
 Delgerkhan Mine: A strategic acquisition
 Liard Project: A fluorspar opportunity in British Columbia,
Canada
 Southern Illinois, USA: the potential of domestic U.S.
fluorspar production
4

5. Fluorspar
Indispensable for Modern Life

Critical Industrial Mineral


Designated “Strategic Commodity” by:
 US Department of Defence
 European Union
Uses of Fluorspar





Aluminum production (Aluminum fluoride)
Refrigeration (Fluorocarbons)
Consumer products: e.g. Teflon®, Gore-Tex® (Fluoropolymers)
Petroleum-based fuels and Uranium Fuel (HF/ UF6)
Steel smelting (Metallurgical flux)
Source: BDSec Sales and Research
5

6. Fluorspar Market
Fluorspar (Acidspar) Price
 Fluorspar Market

2012: $2.4 billion
 Fluorspar Pricing
2012: 6.2 million tonnes sold at an average
selling price of $400/tonne
 Price has increased as much as 5x since 2000
 Current prices quoted, $350-400/tonne

Source: Industrial Minerals, Roskill 2013
Fluorspar Consumption
Fluorspar Production
Japan, 0%
Japan, 5%
Mexico, 7%
Mexico, 15%
China
Other, 8%
Western Europe
USA
Other
USA, 11%
Mexico
China, 54%
Other, 27%
USA, 0%
Western
Europe, 2%
Source: BDSec Sales and Research
Japan
Western
Europe, 16%
China, 51%
6

7. Pending Transaction
Between Prima and Firebird
to Acquire Delgerkhan Mine
AGREEMENTS
 Prima news release (September 3,
2013) announced that on August 30,
2013 Prima Fluorspar Corp. (“Prima”)
entered into a non-binding LOI with
Firebird Management LLC (“Firebird”)
to
purchase
Firebird’s
99.8%
ownership stake in Berkh Uul JSC
(“Berkh Uul”), which owns the
Delgerkhan high grade, large resource
fluorspar deposit (“Delgerkhan”) in the
Khentii Province of Mongolia. The
arms-length transaction will be
structured as a RTO.
 A share exchange agreement between
Prima and Firebird is in the final stages
of negotiation.
CLOSING OF TRANSACTION
Closing of the transaction is conditional
upon, amongst other things, Prima’s
receipt of shareholder approval and
TSX Stock Exchange approval.
 It is expected that the transaction will
close in early 2014.

7

8. Why Mongolia?

9. Firebird in Mongolia
Firebird Management LLC
 Among top performing funds globally
 Firebird Fund launched 1994
Net cumulative return: 4,543%
 Firebird New Russia Fund launched 1996
Net cumulative return: 2,357%
 Extensive knowledge and experience in Mongolia
 7 years working in country
 40-person business development office in Ulaan Baatar
 Owns and operates Sharyn Gol coal mine
Berkh Uul JSC
 Mongolian fluorspar resource company
 Owned by Firebird Management LLC (99.8%)
 Primary asset: Delgerkhaan fluorspar mine
9

10. Mongolia’s
Commitment to Resource Sector
New Investment Law






Approved October 3, 2013 by 83% of the Parliament of Mongolia
Effective November 1, 2013
Eliminates restrictions of the existing law
Reopens the country to foreign investment
Tax stabilization for corporate income tax, customs duty, VAT, and mining royalties for 5-15 years
Requires 67% majority to change
New Securities Law




Approved during the 2013 Spring session
Effective January 1, 2014
Creates stable and attractive environment for investment
Develops Mongolia’s capital markets
10

11. Fluorspar Rich Mongolia
Mongolian Fluorite Regions*
22Mt of contained CaF2
139 known fluorite deposits
Over 700 identified fluorite prospects
*Source: Roskill Report 2013
Mongolia’s mining sector*
80% of the country’s exports
50% of government revenue
*Source: National Statistical Office of Mongolia
11

12. Delgerkhan Fluorspar Mine
Restarting an Important Fluorspar Mine
in Mongolia
12

13. Delgerkhan Fluorspar Mine
Historical Resource*
 Technical report: August, 2012*
 Indicated: 6,620,000t @ 33.7% CaF2
 Inferred: 3,020,000t @ 33.0% CaF2
 Room to expand license
 Regional Setting: many additional mineralized veins
High Quality Fluorspar Product
 Acceptable to all users
 Extremely low sulphide content – less than 0.01%
 Low phosphorus – approximately 50 ppm
*Please refer to
Disclaimer on
page 2
13

14. Delgerkhan Fluorspar Mine
Delgerkhan Fluorspar Mine
History and Infrastructure
Mine History
 Exploration
 439 core holes done by Soviet Union (6 by Firebird)
 88,000m diamond drilling
 Trenching and surface pits
 Mining

Peak Production of 170,000 t/annum (late 80’s)

1988-1999: 540,000 tonnes CaF2 produced.

Identified veins adjacent to license boundary with historic resources

Many excellent exploration targets offer near term potential
Location and Infrastructure
 Access by good gravel road
 80km from Undurkhaan city, 13 km from Berkh City
 Rail spur at Baganuur 270km away
 Berkh City - 110 kilowatt electrical power connected to the central grid
14

15. Delgerkhan Mine
Satellite View
Historical Resource*
 Technical report: August, 2012*

Indicated: 6,620,000t @ 33.7% CaF2

Inferred: 3,020,000t @ 33.0% CaF2
 Room to expand license
 Regional setting: many additional
mineralized veins
*Please refer to
Disclaimer on page 2
15

16. View of
Underground Mineralization
4 levels
• 2 fully developed, 2 partial
• Over 10km of drifts and tunnels
2 Shafts
• Shaft 1: 200m
• Shaft 2: 150m
2013 Infrastructure Replacement Costs:
$50-100 million
• Shafts and underground development
• 439 core holes, 88,000m drilled
16

17. Longitudinal View of Vein 3/7
*
Existing Historic Russian Data
 Extremely detailed and comprehensive
 SRK Consulting completing a 43-101 technical
report to document the Russian work
*Please refer to
Disclaimer on page 2
17

18. Re-commissioning
the Delgerhkan Mine
Estimated 18 month construction period:
 De-watering
 Estimated 60 days to de-water the existing workings to level 2 (100m depth)
 Remediation of the existing shafts
 New equipment, piping and wiring
 Full replacement of hoists, cables and dumping/receiving systems
 Reconditioning of underground workings


Ground support, scaling, piping and tracks will be 100% replaced
Ventilation and heating systems installed
 Mining Method: Shrinkage stoping


Mechanized multi-car tramming
Air operated chutes installed directly into drifts
 Construction of flotation facility to produce an acid grade product
18

19. Delgerkhan Moving Forward Mine
Fluorspar
Near Term Potential
 Identified veins adjacent to current mining license
 Excellent exploration targets
 Toll processing
 Potential acquisition of existing fluorspar mines
Management in Place
 CEO, Mendsaikhan Bold
Extensive experience in fluorspar and Mongolia. Previously with
MONROS.
 COO, Jimmie Wilde
Over 35 years experience in open pit and underground mining.
Seasoned mining executive. Previously with Rio Tinto.
 CFO, James Flores
Over 30 years experience in financial services. MBA, Finance from
Wharton School, University of Pennsylvania. Previously CFO Columbia
Energy Resources – metallurgical coal mining firm
19

20. Liard Fluorspar Property
Development Asset in British Columbia, Canada
20

21. Liard Fluorspar Project
British Columbia, Canada
Large 100%-owned Property
22,588 ha (55,000 acres)
 On Alaska Highway
 100% Prima-owned claims

Size and Grade*
3.2 million tonnes
 Average Grade: 32% fluorspar

Historic Metallurgical Testing*
97% CaF2
 Acid Grade = Highest Price

Kaska Dene First Nations

*Please refer to Disclaimer on page 2
Agreements pending
21

22. Historic Fluorspar Resource*
Near Term Mining Potential
Historic Deposit
 Many showings visible at surface
30 km Strike Length
 Contact of limestone and shale
Quarry Mining Potential
 Mineralization at surface
*Please refer to Disclaimer on page 2
22

23. Liard Fluorspar Property
Proposed Work Program
Ground Work
 Ground geophysics
 Mapping and evaluation
 Rehabilitation of existing road
network
Resource Delineation
 Trenching to define and expand
known mineralization
 Drilling to define depth, thickness,
continuity and consistency based on
trenching and geophysics
Analysis and Metallurgy
 Preliminary processing flow sheet
23

24. Significant US Exploration Opportunity:
Southern Illinois Fluorspar District
24

25. Acquiring US Fluorspar Properties
in Southern Illinois Fluorspar District
Historic Fluorspar District
 Proximity to 90% of total historic US
fluorspar production
 Continuous production for over 100
years
 Mining is a culturally important aspect
of local communities
Strategically Located

Proximity to Ohio River = easy
transport

Saleable markets nearby

High US demand with no commercial
domestic supply

Railhead 45km away by barge or
highway
Nearby End-Users
 Potential to remediate and restart local fluorspar facilities
 Aluminum fluoride production facilities close via barge (Alcoa, Alcan)
 Fluorochemical and potential HF facility 40km away in Calvert City
 Honeywell U308 conversion facility in Metropolis 45 km away
 Honeywell HF facility accessible by rail in Amhersberg, Ontario
 Barge access to larger scale Louisiana based chemical facilities (DuPont, Dow, Honeywell)
25

26. Management Team
Structured for Success
Name
Biography
Robert Bick
President/CEO
• Former CEO/Executive Chair, Evolving Gold Corp.
• Increased Evolving market cap from $3 million to $100 million. Raised $50 million.
John Gorham, P.Geo. • 35 years in mineral exploration.
Chief Geologist
• Extensive exploration experience in rare metals and industrial minerals.
• Strong community and First Nations orientation.
Andrew Davidson
CFO
• Wide experience in Canadian and international publicly listed enterprises.
• Currently serves as CFO at 49 North Resources Inc.
Sean Charland
Director
• Wide experience raising capital and marketing resource exploration companies.
• Currently serves as Director at Zimtu Capital corp.
Dean Nawata
Director
• 18 years of public market experience.
• 9 years as licensed stockbroker focusing on financing junior mining and oil/gas projects.
• Currently serves as President/CEO, Olympic Resources Ltd.
Jenna Hardy, P.Geo. • 30 years as mining industry geoscientist.
Director
• Director, Commerce Resources Corp.
26

27. Strong Industry Partners
Company Building
 Western Potash Corp: 137 million tonne reserve;
Enterprise NPV - $2.44 billion
 Commerce Resources Corp: Two rare metal
Preliminary Economic Assessments
 Deep Experience in Fluorspar
Success Stories
 Athabasca Potash Inc: Acquired by BHP
Billiton for $340 million
 Copper Canyon Resources: Acquired by
Novagold for $70 million
Ongoing Marketing Programs
 Phone, Social media, Email, Conferences
 European and Toronto Presence
Flow-Through Funds
 >$50 million raised
2012
LIFE CYCLE OF TYPICAL EXPLORATION STOCK
Renegade
Petroleum Buys
PH
2011
2010
BHP Buys API
Novagold buys CYP
EV $70 mm
EV $27 mm
SHARE PRICE
$341mm Cash
Copper Canyon
Resources
2009
2008
Athabasca Potash
IPO (TSXV: API)
Prairie Hunter
(TSXV: CYP) EV < $15mm
Private co. EV< $1 mm
IPO
2007
TIME
VALUE
Athabasca
Potash
Private Co. EV< $1 mm
IDEA
2006
27

28. For More Information
Sean Charland
Director
T 416-364-0303
C 647-926-7326
scharland@zimtu.com
Robert Bick
President/CEO
T 604-681-1568
C 778-847-1089
rbick@primafluorspar.com
Dean Nawata
Director
T 604-561-2821
C 604-561-2821
dean@fnr.com
Tyler Lowes
Corporate Communications
T 604-681-1568
C 604-329-5097
tlowes@primafluorspar.com
TSX-V: PF
www.primafluorspar.com