resource summary

Cerro Resources NL is a global gold, silver and metals development and exploration company with significant projects in Mexico and Australia. The Company is dual listed on the TSX-V/ASX.

Cerro Resources’ Primarily Focus: Mexico – 3 Projects
?Cerro del Gallo: Recoverable - 1.2M oz Gold and 13M oz Silver, advanced development-stage heap leach/CIL project, in Guanajuato state, central Mexico

?Namiquipa: Silver exploration project (site hosts former La Venturosa 250-550g/t silver mine), in Chihuahua state, northern Mexico

? Espiritu Santo: Gold/Silver Greenfield prospect (3X2km vein identified)
Cerro del Gallo, Central Mexico - 67% CJO and 33 % Goldcorp JV

Project overview

• 100,000 oz Au Eq (based on new HPGR recoveries), 14 year LOM 2-stage Heap Leach/
Carbon In Leach development
• P&P in-pit reserves of 32.2 Mt at 0.69 g/t Au and 14.8 g/t Ag with additional In-pit
resources of 45.0 Mt at 0.66 g/t Au and 13.6 g/t Ag
• Excellent low LOM strip ratio 0.74:1
• 702M LOM net free cash flow potential {assumes $1293 Au, $23.87 Ag, 2 stage,
undiscounted, 100% project basis}. 1.7 years for 1st stage capital payback as per Study

• Feasibility Study for Stage 1 (heap leach) (8 years) completed

• PA for CIL processing and continued heap leaching of additional in-pit resources completed
• Tenement covers 253 sq km within central southern segment of world-class Mexico
gold-silver belt with good infrastructure, in mining friendly jurisdiction
• Further exploration potential around mine area
• Guanajuato is approx 270 km NW of Mexico City. University town

Next steps:

Namiquipa, Chihuahua, Northern Mexico - 100%
Significant Exploration Upside and Value Add
Project overview

• Multiple silver targets centered around the former La
Venturosa underground high grade silver mine in Chihuahua
• 3 concessions, totalling 4,400 ha, encompass extensions of
known vein systems north and south of former mine site
• Lies within a historical Ag-Pb-Zn epithermal belt (Fresnillo-
style mineralization)
• La Venturosa historically recorded an average annual
production grade of 225-550g/t silver, with additional lead
(1.5-3.8%) and zinc (7.5%)
• Initial drill results intersected significant silver grade
mineralization with Pb and Zn. Noteworthy example,
Nam 009: 16m @ 921 g/t AgEq includ 1m @ 14,741 g/t AgEq
• 65 holes completed to date with 41 results reported
• Delivers news flow & value during CDG development phase
Mexico Focus: Development - CDG / Exploration - Namiquipa & Espiritu Santo

Next steps: - First phase: 22,000m+ drill core program completed December 31, 2011 - 2012 program ongoing with objective of defining an initial resource estimate - Test additional vein systems encountered during initial Main Target drilling with a focus to the North Committed to aggressively moving it’s projects forward, adding shareholder value and ensuring market visibility.

• Seasoned team with years of Mexico exploration and development expertise

• 2 countries with different stage projects, with 2 offices for world market access

•Valuation more than covered by Cerro del Gallo project alone

• Well funded with $11.3M of avail cash

Cerro Resources Secondary Focus: Mt Isa, Australia

?Mt Philp: A significant haematite iron outcrop with potential for a direct shipping ore as a specialized product.

?Kalman: 60Mt Mo/Re/Cu/Au resource - JV restructured farm-out to SMD. Allows CJO to remain focused on current assets and provides exposure to potential Kalman upside. SMD to advance and can earn 80% from CJO
Mt Philp, NW Queensland, Australia - 100% - Value Add

Corporate Opportunity Project overview

• 4 km strike length haematite iron outcrop above surface. Mineralized near/at surface.

•68% average iron content post simple beneficiation (crushing/screening) preliminary test work

•25km from Mt Isa / Townsville rail / Electricity

• Specialized iron product potential

•30Mt Fe reported in Jan 2012 with 63% of the resource in the Indicated category

•Exploration upside: extensions of mineralization

•Adds further shareholder value

•Mine potential for 1.5Mt/annum (10yr +)