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“Silver Producer with a Golden Future”

           IR presentation - January 2013




                   www.intlminerals.com

1
Cautionary Statement


Some of the statements contained in this presentation are “forward-looking statements” within the meaning of
Canadian securities law requirements. Such forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from
the anticipated results, performance or achievements expressed or implied by such forward-looking statements.

Forward-looking statements in this presentation include statements regarding drilling and development programs on
the Company’s projects, timing of commencement of production, reserve/resource additions, completion of feasibility
studies, obtaining of required environmental and production permits, timing and significance of future cash flows and
dividends.

Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such
as: risks relating to estimates of mineral resources and reserves; risks relating to project capital, production costs and
cash flows; risks relating to obtaining mining and environmental permits; mining and development risks; risk of
commodity price fluctuations; political and regulatory risk; general financial market and credit risks; other risks and
uncertainties detailed in the IMZ’s Annual Information Form (dated September 28, 2012) and Management Discussion
and Analysis for the year ended June 30, 2012, both of which are available at www.sedar.com.

Any forward-looking financial information provided may not be appropriate in relation to reporting under International
Financial Reporting Standards (IFRS). Please refer to the Company’s latest financial statements and notes. These
forward-looking statements speak only as of the date hereof. The Company undertakes no obligation to update publicly
or release any revisions to these forward looking statements to reflect events or circumstances after the date hereof or
to reflect the occurrence of unanticipated events.

Qualified Person: The Company’s VP Corporate Development, Nick Appleyard.

Dollar and Year References: “$” and “US$” refer to US dollars unless otherwise noted. Years refer to the respective
calendar year unless otherwise noted as fiscal year (June 30).

Au = gold; Ag = silver; g/t = grams per metric tonne; M = million; $M = million dollars; Mt = million tonnes; oz or ozs =
troy ounces; tpd = metric tonnes per day



  2
IMZ – Overview

                                                                       Reserves and Resources
     Focus: Gold and Silver Deposits in the Americas
                                                                                   Peru
                                                                                   14%
     Large Resource Base: 9.5M Gold Equivalent Ounces

     Pallancata Silver Mine, Peru (40% IMZ, 60% Hochschild)
                                                                             USA
        Estimated Production in 2012: ~9 Million Silver Equiv ozs           86%
        World’s 6th largest primary silver mine

     Inmaculada Gold-Silver Project, Peru (40% IMZ, 60% Hochschild)
         Production Start-up: 2H 2014
         Production 2014: ~200,000 Gold Equiv ozs/year

     Nevada (100% IMZ)
        Goldfield Gold Mine: start-up mid-2015
        Converse Gold Property: pending further studies
     Ecuador:
          Pending sale of assets

     Financial Strength: $73M in cash and debt free

     Announced initial dividend of C$0.12/share, payable Jan 31st.      Pallancata, Peru




3
IMZ - Capital Structure and Stock Performance


   Listings - Toronto and Swiss:          Symbol “IMZ”        Shares Issued:               117.6 million
         Swiss Performance Index (SPI): Top 100
                                                               Fully Diluted Shares:        121.4 million
   Market Capitalization:                  C$532 million            Options: 3.8M
                                           (~$540 million)
                                                               Recent Share Price:          C$4.52
   Cash:                                  $73 million
                                                               52-Week Range:               C$4.00-C$5.81
   Debt Free


                                                             One year relative performance

             Analyst Coverage

     Dundee Securities (C) – D. Mah
     National Bank (C) – S. Parsons
     TD Securities (C) – S. Green
     Dahlman Rose (US) – A. Graf
     Bank Vontobel (SW) – P. Rafaisz
     Canaccord Genuity (UK) – T. Dudley
     Zürcher Kantonalbank (SW) – M. Schreiber




                                                                   Weighted in US$


 4
IMZ - Key Financial Data - Fiscal years end June 30th
                                                                                         $60                      56.7                                          $80
                                                                                         $55                                                                                                    72.4
                                                                                                                                                                $70
                                                                                         $50
                                            20.6%
                                                                                         $45                                                                    $60
                     20%                                                                                                           42.4




                                                                                                                                                                                                 Mine Royalty
                                                                                                                                   *
                                                                                         $40
                                                                                                                                                                $50
                                                                                         $35
                     15%                                                                                                 30.4




                                                                                                                                                 US $Millions
                                                                          US $Millions
                                                                                         $30                                                                                             39.7
                                                         12.6%*                                                                                                 $40
Return on Equity %




                                                                                         $25                                                                                             35.9
                     10%                 8.9%   8.6%                                                                                                            $30
                                                                                         $20                                                                                                    29.1 24*
                                  7.2%                                                                     15.5                                                                   19.3
                                                                                         $15                                                                    $20
                                                                                                                                                                                  18.9
                         5%                                                              $10         8.7
                                                                                                                                                                $10
                                                                                          $5
                         0%                                                               $0                                                                     $0
                                0.1%                                                           0.2                                                                    1.6
                                                                                         -$5                                                                    -$5         4.0
                                08 09 10 11         12     13                                  08    09    10 11         12         13                                08 09 10           11     12                13
                                                         Q1 annualized*                                                         Q1 annualized*                                                                  Q1 annualized*

                              % Return on Equity                                           Pre-Tax Net Income from                                Pre-Tax Cash Flow from Continuing
                         (Cont. Ops; Pre-Tax Basis)                                         Continuing Operations                                    And Discontinued Operations
                                                                                                     ($ Millions)                                                             ($ Millions)

    Note: Fiscal 2011 and 2012 numbers reflect adoption of IFRS as of July 1, 2011.


                     5
IMZ - Property Locations




           Rio Blanco
    Gaby




                        Pallancata
           Inmaculada




6
IMZ - Project Pipeline

     Peru

     U.S.A.


                              Pallancata
                                               Production

                                                                  Pallancata, Peru
                     Inmaculada (Est Prodn 2014)



                       Gemfield (Est Prodn 2015)
                                                         Development

              McMahon Ridge/Goldfield Main    Converse




                Del Oro/Rye                    Acoma           Drill Targets



7
IMZ - Reserves / Resources
                                                                                                                                                                            Reserves and
                                             6.0                                                                                                                            Resources
         Gold Equivalent Ounces (Millions)
                                                                                                                                                                                                 Peru
                                             5.5                                                                                                                                                 14%
                                             5.0
                                             4.5                                                                                                                                              USA
                                             4.0                                                                                                                                              86%

                                             3.5
                                             3.0
                                                                                                                                       P+P Reserves
                                             2.5
                                                                                                                                       (Total 1.32 M ozs Au Eq)1,2,4
                                             2.0
                                                                                                                                       M+I Resources (83%)
                                             1.5                                                                                       (Total 7.89 M ozs Au Eq)1,3,4
                                             1.0                                                                                       Inferred Resources (17%)
                                             0.5                                                                                       (Total 1.65 M ozs Au Eq)1


                                                                 Peru                                  USA
                                                                                                                                                                       10
                                                                               Inmaculada (40%)
                                                            Pallancata (40%)




                                                                                                  Goldfield (100%)

                                                                                                                     Converse (100%)




                                                                                                                                                       (Million Ozs)
                                                                                                                                                       Gold Equiv      5


                                                                                                                                                                       0
                                                                                                                                                                             07      08     09      10    11       12
                                                                                                                                                                                  Total M+I Gold Equiv Resources
Notes:                      1.               Average Au equiv conversion of 61:1 Ag to Au ratio for reserves and 62:1 for resources.
                            2.               P+P = Proven and Probable Reserves
                            3.               M+I = Measured and Indicated Resources
                            4.               M+I includes P+P.

  8
IMZ - Project Summaries

                                               Pallancata  Inmaculada     Goldfield     Converse
                                                 (40%)        (40%)        (100%)         (100%)
Location                                          Peru         Peru        Nevada        Nevada
Metals                                          Ag + Au       Au+ Ag         Au          Au + Ag
Type of Operation                            Underground Underground      Open Pit       Open Pit
Status                                         Production  Development Development Advanced Expl
Production Date                                   N/A        2H 2014      Mid 2015           ?
Annual Production                             3.8M ozs Ag 50,000 ozs Au 66,000 ozs Au 110,000 ozs Au
                                             12,000 ozs Au I.7M ozs Ag                638,000 ozs Ag

Mine Life                                         7.5 years                6.3 years            6.5 years    13.5 years
Initial Capital Costs                                N/A                    $112M                $133M        $455M
Total Cash Costs/oz (1)                           $9/oz Ag               $265/oz Au             $611/oz Au   $745/oz Au
Net of By-Products

Economic Parameters (2)
at $1,500 Au, $25 Ag:
• Life of Mine Cash Flow                        $300-350M                    $335M               $229M        $936M
• NPV @ 8% Disc. Rate                               ---                      $223M               $110M        $316M
• IRR                                               ---                       55%                 29%          37%
    (1) By-product credit: Value of by-product metals are deducted from cash operating costs.
    (2) All amounts are pre-tax.

9
IMZ - Pallancata Silver Mine (40% IMZ), Peru – Principal Veins
                                                                               (Looking Northwest)

                  Pallancata- Plan View                                      Pallancata West
                                                                                                           To Mariana/
                                                                                                           Mercedes/
                                                                                                           San Javier

               Ranichico
            (8% 2012 prodn.)                                                                   Central
                                                                                               Zone


                             Rina
                       (2% 2012 prodn.)                                         Main
                                                                                Structure

                                      Mercedes

     Camp
                                                                 District Map
                                      Suyamarca River                                                         Selene

                                                                             Pallancata
                                                                        76M oz M&I Ag Eq
                                                                          (160 sq km)
                   Pallancata West
                  (37% 2012 prodn.)
                                                                      Central Area
                                                                        (370 sq km)
         Central Zone

                                                             }
      (51% 2012 prodn.)                    Pallancata East                                                      10 km
                                                                 60% Hoch
                                          (2% 2012 prodn.)       40% IMZ
                                                                                                           Inmaculada
                                                                 100% Hoch                               1.5M oz M&I Au Eq
     View of Photograph                                                                                     (210 sq km)




10
IMZ - Pallancata Mine, Peru (40% IMZ)

          Mine         • Underground, 3,000 tpd                                  2012 Est. Operating Cash Flow to IMZ
                       • Flotation circuit (concentrate)
                       • Recoveries: 85% Ag, 70% Au                                  $70
                                                                                                  Post-Capex / Pre-Tax                               $66
                                                                                     $60                                                     $59




                                                                          Millions
          Mine Life    • ~7 years, including current resources
                                                                                     $50
                                                                                                                                  $53
                                                                                                                           $47
                                                                                     $40                           $41
                                                                                                        $35
                                                                                     $ 30
                                                                                                 $28
                                              2011               2012E                      $24        $26        $28    $30     $32        $34     $36
                                                                                                             Ag Price / Ounce

     Ore production (tonnes)           1,070,500 t          1,050,000 t
                                                                                            100% Production (40% to IMZ)
                                                                                                                    10.1
     Head grade Ag/Au               301g/t / 1.3g/t    286g/t / 1.4g/t                                                           8.8
                                                                                                       8.4                                   7.8E

     Production Ag/Au (oz)            8.8M oz Ag            7.8M oz Ag
                                     33,881 oz Au          30,000 oz Au
                                                                                                                           36
                                                                                      4.2                                              34          32E
     Direct site costs/oz Ag                 $2.20              $4.00E                                       32
     (net of gold credit)                                                                   16

     IMZ total cash costs/oz                 $6.38              $8.00E
     (net of gold credit)                                                              2008    2009      2010                    2011    2012E
                                                                                          Silver (M ozs)                         Gold (,000 ozs)



11
IMZ – Pallancata, Resources replace production – Inmaculada is growing!
                      Pallancata silver equivalent resources (at 60:1 ratio)
            180
            160
                                                                                        Pallancata
            140
                                                                                        Mined Ag Eq 48mln
            120
            100                                                                                   Pallancata
 Millions
of Ounces                                                                                         Inferred +3%
             80
             60                                                                                          Pallancata
                                                                                                         M + I +97%
             40
                                                      Inmaculada Inferred Resources               Inmaculada M + I
             20
             -




                      M&I ounces                           Inferred ounces                        Mined Ounces
                      Inmaculada M&I                       Inmaculada Inf
   For initial investment of ~USD5mln, we have recouped over USD116 mln in net dividend payouts


  12
IMZ - Inmaculada Project (40% IMZ), Peru - Angela Vein
                                                                           Plan View – Multiple Veins near to Angela Vein*


                                                                                                                           Shakira
                                                                                            Angela
                                                                                                                        Angela NE

                                                                               Angela SW                     Lourdes
     Inmaculada
                                                                                                             Martha
                                                                Melisa
                                                                                            Cymoid                       Verónica
                                                                                           Angela SW

                                                                                              Jimena



              Further potential along Angela Vein (Long Section looking Northwest)*


                                                    Approximate Eastern
                                                  Limit of Feasibility Study
                   Vein Outcrop




                                                                                                       Production adit at Inmaculada


*Source: Hochschild Mining plc

13
IMZ - Inmaculada, Peru - IMZ 40% / HOC 60% - Feasibility Study Jan 2012
                           100% Project Basis                                       2014 Est. Pre-tax Operating Cash Flow to IMZ
                                                                              $125

Operation         • Underground, 3,500 tpd                                    $100                                                       $109
                  • Conventional cyanidation (dore)                                                                               $93
                                                                                    $75




                                                                         Millions
                  • Recovery: 96% Au, 91% Ag                                                                            $77
                                                                                    $50
                                                                                                                 $61
                                                                                                       $45
Mine Life         • 6.3 years (basis initial reserves)                              $25          $29

                                                                                $0
Production        • Average/year:            124,000 oz Au, 4.2Moz Ag                     $900     $1100    $1300   $1500     $1700   $1900 $2100

Estimates         • Direct cash op costs /oz: $133 (net of Ag credit)                                      Au Price / Ounce
                  • Total cash op costs/oz:    $172 (net of Ag credit)
                                                                                                 Production Estimates
                                                                                                      (100% Project Basis)
Initial Capital   • $370 million - Nov 2012 update
                                                                                                    128       .
                                                                                                              113
                                                                                                                                        99
Base Case         • NPV0%: ~$323M ($194 after-tax)                                                                          5.2
Economics         • NPV8%: $120M ($46 after-tax)                                                           4.3                               4.6
$1,100 Au, $18    • IRR: 18% (12% after-tax)                                         70
Ag
                                                                                          1.7
Sensitivity       • NPV0%= $821M ($492 after-tax), NPV8%=$433M
$1,500 Au, $25      ($236 after-tax), IRR = 38% (27% after-tax)
Ag

Outlook           • Permitting ongoing, decline development underway                 2014              2015            2016             2017
                    Production Date : 2H 2014
                                                                                          Gold (,000 ozs)                    Silver (M ozs)



14
IMZ - Goldfield, Nevada - IMZ 100% - Development Stage
  Historical Mining District in Southern Nevada
       Approx 4M oz gold production from 1903-1940’s at ~18 g/t

  Three Gold Deposits (Gemfield, McMahon Ridge, Goldfield Main)
       P+P Reserves*:                 0.51M oz Au (14.3Mt at 1.1 g/t Au)
       M+I Resources:               1.23M oz Au (31.1Mt at 1.2 g/t Au)
       Inferred Resources:          0.44M oz Au (10.9Mt at 1.3 g/t Au)

  Heap Leach Feasibility Study at Gemfield: July 2012
       Basic engineering begins Q4 2012 – ends Q2 2013
  Targeting Production in Mid 2015 (Gemfield only)
       66,000 Au ozs/year, 6,000 tpd open-pit heap leach operation
       New met tests suggest a 7,500 tpd operation with 14% lower processing costs and
        G & A is feasible. A new mine plan is scheduled for Q2 2013.
       Capex estimate: $133M (Plant/Infrastructure $93M, Mine $20M, Road $20M)
       Total cash cost (with Ag by-product credit): $611/oz Au
  Future Milling Scenario
       Under evaluation
  Testing new drill targets outside of existing mineralized areas
       * P+P Reserves included in M+I Resources.
 15
IMZ - Goldfield, Nevada – Principal Gold Deposits
              Reno - 4.5 hours




                     X-section




                                 Las Vegas - 2.5 hours

 16
IMZ - Goldfield, Nevada: Gemfield Deposit Feasibility Study - July 2012
                                                                                               Avg. Annual Est. Pre-tax Operating Cash Flow(2)
                                                                                                         $60

                                                                                                         $50                                                 $57
 Operation                • Open Pit., 6,000 tpd ( could rise to 7,500 tpd *)
                          • Heap leach (dore)                                                            $40




                                                                                              Millions
                                                                                                                                                $42
                          • Recovery: 84% Au                                                             $30

 Mine Life                • 6.5 years (basis initial reserves)                                           $20                     $26
                                                                                                         $10
 P&P Reserves (1)         • 511,000 oz Au (14.3 Mt @ 1.1 g/t Au)                                                    $10
 $1,350/oz Gold                                                                                          $0
                                                                                                                $1100        $1350            $1600          $1850

 M&I   Resources(1)       • 574,000 oz Au        (17.0 Mt @ 1.0 g/t Au)                                                     Au Price / Ounce
 (includes reserves)

 Inferred Res. (1)        • 74,000 oz Au          (4.2 Mt @ 0.6 g/t Au)                                                 Production Estimates
                                                                                                                            81
 Production               • Average/year:             66,000 oz Au
 Estimates                • Direct cash op costs /oz: $526 (net of Ag credit)                                  73
                          • Total cash op costs/oz:   $611 (net of Ag credit)                                                            62
                                                                                                                                                        55
 Initial Capital          • $133 million (based on feasibility study July 2012)
 Base Case                • NPV0%: ~$168M ($132M after-tax)
 Economics                • NPV 7%: $83M ($59M after-tax)
 $1,350 Au                • IRR: 22% (18% after-tax)
 Outlook                  • Permitting ongoing, basic engineering underway
                          • Production Date: Mid 2015
                                                                                                          Year 1          Year 2       Year 3         Year 4

  (1) Silver is not material .
                                                                                                                                     Gold (,000ozs)
  (2) Production and pre-tax operating cash flow on operating year basis. Silver revenue is
      not material.
  (3) See appendix for details of July 2012 Feasibility Study.
  * See Nov 1st press release on Gemfield update.

 17
IMZ - Converse, Nevada - IMZ 100% - Scoping Study - December 2011
                                                                                                    Avg Pre-tax Operating Cash Flow /Year
                                                                                         $200
Operation         • Open pit, 45,000 tpd.
                  • Heap leach (Dore)                                                    $160
                                                                                                                                                       $184
                  • Recovery: ~60% Au, 30% Ag                                                                                                   $151
                                                                                         $120
Mine Life         • 13.5 years                                                                                                          $119




                                                                                   Millions
                  • Strip ratio 2.3:1                                                         $80
                                                                                                                                $86
P&P               • No reserves defined to date                                               $40                       $53
Reserves                                                                                                         $20
                                                                                              $0
Resources         • M+I : 320Mt @ 0.50 g/t Au and 3.7 g/t Ag                                              -$13
                                                                                                     $1000   $1200    $1400   $1600   $1800   $2000 $2200
                    (5.2M oz Au, 38.0M oz Ag)
                                                                                                                     Au Price / Ounce
                  • Inferred: 31.2Mt @ 0.51 g/t Au and 3.0 g/t Ag
                    (507,000 oz Au, 3.0M oz Ag)

Production        • Average/year: 160,000 oz Au, 638,000 oz Ag                                               Production Estimate
Estimates         • Direct cash cost /oz: $745 (net of Ag credit)                                   219
                  • Total cash op costs/oz (incl capex): $998 (net of Ag credit)                                                  183

Initial Capital   • $455 million                                                                                 156
                                                                                                                                                151
Base Case         • NPV0%: ~$494M
Economics         • NPV8%: $70M
$1,300/oz Gold    • IRR: 11%
$25/oz Silver     • Cost per tonne ore processed: $8.35
Sensitivity       • $1600/oz Au & $31/oz Ag:
                    NPV0%= $1,158M, NPV8%= $440M, IRR=22%

Outlook           • Further studies pending met test work Q4 2012                               Year 1           Year 2         Year 3         Year 4
                                                                                                                          Gold (,000ozs)




18
IMZ - Converse, Nevada - Regional Mines and Cross-Section


          470000E                                480000E                                490000E
                                             R42E                                   R43E                  R44E




                                                                                                                 4520000N
          Gold Mine, deposit              NEWMONT
                                       LONE TREE MINE
          IMZ- fee land                                                    80
                                                                                                                                   Schematic Cross Section Looking East
          IMZ- BLM land


                                                                                           VALMY
                                                                                                          N

                                                                                                                                                                  Conv-004C
                                                                  2                                                          Conv-005C




                                                                                                                  4510000N
                                       17                10

             IMZ                                16                              GOLDCORP/BARRICK
 T33N      Converse                    20       21
                                                                                 MARIGOLD MINE
                                                                                                           80
                                       29       28
                                                                          Trout Creek
      Humboldt County                  32       33
                                                                         Trenton Valmy
     Pershing County           6       5                                  NEWMONT                                                                                             TD=2,388ft
                                                                                                                             TD=1,800ft
                                                                      TRENTON CANYON MINE                                     (549m)                                           (728m)

                                                                          Trenton




                                                                                                                  4500000N
                                                 Trenton
                                                 North Peak               Canyon Main
                                                                                        Humboldt County
                                                                                        Lander County
 T32N

                                                                                                NEWMONT
                                                                                           COPPER BASIN AREA
                                                  NEWMONT
                                            BUFFALO VALLEY MINE
                                                                                                                                  IMZ drilling extended mineralization at depth
                                                                                                                 4490000N




                                                                                NEWMONT
                                                                           COPPER CANYON AREA
 T31N
                                                                            Fortitude
                                                                             Phoenix
                                   0        1        2        3

                                             Miles




19
IMZ - 5 Year Estimates: Project Time Lines




                                                                        Goldfield, Nevada

                                         2012               2013              2014               2015              2016
        Pallancata, Peru
                                       Q1   Q2   Q3

                                                                         Production
     Pallancata, Peru
                                      Permit / Construction                               Production
     Inmaculada, Peru

                                    Feasibility           Permit / Construction                          Production
     Goldfield,   Nevada(1)
                                                                          Further Development Pending
     Converse,    Nevada(2)


                (1) Goldfield: - Heap leach scenario for Gemfield only.
                               - Milling option for Goldfield Main (plus Gemfield and McMahon Ridge) yet to be fully evaluated.
                (2) Converse: - Further development pending results of metallurgical test work.




20
IMZ - 5 Year Estimates: IMZ Production and Costs 2012-2016

                           320,000                                                             $1000
                                     Industry-Average Total Production Costs
                           300,000   1H 2012 ($930)**

                           280,000                                                             $900

                           260,000




                                                                                                       US $/oz Production Cost
                           240,000                                                             $800
                                                                                                                                                    Inmaculada, Peru
                           220,000
                                     Industry-Average Total Cash Costs
                                                                                                                                                 Goldfield (100% IMZ)
 Gold Equivalent Ounces*




                                     1H 2012 ($720) **
                           200,000                                                             $700
                                                                                                                                                 Inmaculada (40% IMZ)
                           180,000
                                                                                                                                                 Pallancata (40% IMZ)
                           160,000                                                             $600
                                                                                                                                                Total Cash Costs
                           140,000
                                                                                                                                                Total Production Costs
                           120,000                                                             $500
                                                                                                                                 * Gold Equiv ozs based on average 50:1 silver-gold ratio
                           100,000                                                                                               ** Industry-average costs basis GFMS Gold Survey 2012
                                                                                                                                    updated Sept 2012 – figures are 1H 2012 average
                            80,000                                                             $400

                            60,000                                                                                 1. Pallancata: Basis Dec 31, 2011 reserve and resource estimates.
                                                                                                                   2. Inmaculada: Basis Jan 2012 Feasibility Study.
                                                                                                                   3. Goldfield: Basis July 2012 Feasibility Study.
                                                  2012E




                                                                   2014E



                                                                               2015E


                                                                                       2016E
                                          2011A




                                                          2013E




21
IMZ - 5 Year Estimates: Pre-tax Cash Flow from Operations




     $300               $1,000 gold, $20 silver                                             $300
                        $1,500 gold, $30 silver
                        $1,800 gold, $35 silver


     $200                                                                                   $200   Converse, Nevada

                                                    $1,800 Au,
                                                     $35 Ag
                                      $1,500 Au,
                          $1000 Au,
                                        $30 Ag
                            $20 Ag                                                                 Goldfield (100% IMZ)
     $100                                                                                   $100
                                                                                                    Inmaculada (40% IMZ)

                                                                                                    Pallancata (40% IMZ)
       $0                                                                                   $0
                                                                                                    Production Royalty
                                            2013E




                                                                            2015E



                                                                                    2016E
                                                             2014E
                2011A


                            2012E




         1. Pallancata: Basis Dec 31, 2011 reserve and resource estimates.
       1.2. Inmaculada: Basis Jan 2012 Feasibility Study (IMZ 40%).
       2.3. Goldfield: Basis July 2012 Feasibility Study.
         4. 2012 estimate does not include $38M from sale of Ruby Hill royalty.



22
IMZ – 5 Year Estimates: Total Costs



 $140                                                                                                         $140

                                                                                     122
 $120                                                                                                         $120


 $100                                                                                                         $100
                                   87

                                                    78                                                78
     $80                                                                                                      $80
                                                                                                                                         Goldfield, Nevada
                                                                      57
     $60                                                                                                      $60
                    49                                                                                                   Projects
                                                                                                                                       Goldfield
     $40                                                                                                      $40
                                                                                                                                      Inmaculada
     $20                                                                                                       $20                     Pallancata

      $0                                                                                                       $0        Other
                 2011A           2012E            2013E(2)         2014E(3)        2015E           2016E
                                                                                                                                    Exploration + G&A

     (1) Pallancata: Basis Dec. 31, 2011 reserve and resource estimates. Numbers include annual exploration estimates.
     (2) Inmaculada: Basis Jan 2012 Feasibility Study. HOC pays first $100M feasibility, development and capex. IMZ share of $315M total capex = $90M.
         Assumes $140M of asset-based financing for project in 2013. Numbers include annual exploration estimates and principal/debt repayments.
     (3) Goldfield: Basis July 2012 Feasibility Study. Assumes $57M of debt financing in 2014 (total initial capex $133M). Numbers include principal/debt
         repayments.



23
IMZ - 5 Year Estimates: Cum. Operating Cash Flow vs Total Spending


     $1,000                                                                                                                            $1,000


                                                           Cum. Op. Cash Flow
      $800                                                 $1,800 Au. $35 Ag                                                           $800



                                                           Cum. Op. Cash. Flow                                                         $600
      $600
                                                           $1,500 Au, $30 Ag



      $400                                                                                                                             $400

                                                                                                                             Cum. Capex + Other

      $200                                                                                                                             $200

                                                                                          Cum. Op. Cash Flow
                                                                                          $1,000 Au, $20 Ag
        $0                                                                                                                              $0
                 2011A                2012E(1)             2013E(1)             2014E(2)             2015E            2016E


          (1) Assumes $140M asset-based project financing at Inmaculada. Reduces IMZ capex contribution of $90M to $34M in 2012 and 2013.
          (2) Assumes $57M of debt financing for Goldfield in 2014 (total initial capex $133M).




24
Enterprise Value /Total Gold Resource Ounces
                                                                                231                                                                                                       220                       38              116
                                $450
                                                                                                                                                                                                                                                 22
                                $400                                                                                                                                                                                                             20
                                                                                                                     Total Resource Ozs




                                                                                                                                                                                                                                                      M + I + Inferred Resources (ozs)
                                $350                                                                                                                                                                                                             18
     EV US$/Gold Resource Ozs




                                                                                                                                                                                                                                                 16
                                $300
                                                                                                                                                                                                                                                 14
                                                                                                                                                                                                              $244 $245$256
                                $250                                                                                                                                                                                                             12
                                                                                                                                                                                                   $209
                                $200                                                                                                                                                                                                             10
                                                                                                                                                                                     $146
                                $150                                                                                                                                      $146                                                                   8
                                                                                                                                                              $129

                                                                                                                     $101 $105 $110                                                                                                              6
                                $100                                                              $80 $81
                                                 $49 $55 $56 $57
                                                                                                                                                                                                                                                 4
                                $50    $35
                                                                                                                                                                                                                                                 2




                                                                                                                                                                                                                         B-2 Gold

                                                                                                                                                                                                                                      GOLDCORP
                                                                                                                                                                                      High River
                                                                                                                                 Lake Shore




                                                                                                                                                                                                    BARRICK
                                                                                                                                              Kirkland Lake
                                                 Golden Star




                                                                                                                                                                                                               AGNICO
                                                                          ANGLOGOLD




                                                                                                                       Romarco




                                                                                                                                                                           Timmins
                                        Jaguar




                                                                                      Intl Mins
                                                               San Gold




                                                                                                            Alacer
                                                                                                  Aurizon




                                                                                                                                                               Argonaut



 Source: -Company Disclosure, Bloomberg. Based on most recent financials.
         - Resources include reserves.
         - Enterprise Value = market capitalization plus debt less cash.

25
IMZ -The Investment case

        Growing Production and Cash Flow
           Pallancata (IMZ’s 40% interest)
              • 2012: ~3.6M oz Ag Equiv (65,000 oz Au Equiv)
              • 2012: ~$20-30M free cash flow
           Inmaculada (IMZ’s 40% interest)
              • Production date: 2H 2014
              • 78,000 oz/year Au Equiv
              • 2014 Free cash flow: ~$35-$40M
        Growth from Nevada Gold Projects (IMZ 100%)
                                                                Camp at Inmaculada, Peru
           Production at Goldfield - mid 2015
           Pending further studies at Converse - 2013
        Maintain active exploration program
           Brownfield exploration on Goldfield lease, NV.
           Central Nevada (Del Oro/Rye)
           Southeastern Peru (Acoma)
        Strong Balance Sheet
           $73M in cash and debt-free



                                                               Production Adit, Inmaculada, Peru




26
IMZ - Value added

     Ventura Gold Acquisition 2010
     (for Inmaculada property)
                                                  USD mlns
     Acquisition cost, net                           0.4
     Exploration spending by IMZ                    12.1

     Total IMZ investment                           12.5

     Total Au Eq M + I ozs (IMZ 40% share)          0.4*
     * excludes 0.25 mln Inferred ozs

     COST PER OUNCE (Au eq)                         USD
     Acquisition cost per ounce                    1.00
     Development cost per ounce                    30.30
     Total cost per ounce Au                        31.3

     TANGIBLE RESULTS TO DATE
      Inmaculada under construction
      Minimal IMZ initial capital obligations
      Significant resource expansion potential
27
IMZ – Value added


     Metallic Ventures Purchase 2010
     (for Goldfield and Converse projects)
                                                  USD mlns
     Acquisition cost, net                          51.5
     Cash received from royalty                     -47.8
     Net cost to IMZ                                 3.7
     Exploration spending by IMZ                    25.4

     Total IMZ investment                           29.1

      Total Au Eq M + I ozs mlns                   6.79*
     (*excludes 1.08 mln Inferred Au Eq ozs)

     COST PER OUNCE (Au eq)                         USD
     Acquisition cost per ounce                     0.54
     Development cost per ounce                     3.74
     Total cost per ounce Au                        4.29

     TANGIBLE RESULTS TO DATE
      One mine (Goldfield) in development
      Significant resource expansion potential

28
IMZ - News Flow/Catalysts in 2012/2013
     Q2 Financial Results:                   - Feb 14 2013
      Nevada, USA:
           Goldfield:
            - Project update                  - Q2 2013
           Converse:
            - Metallurgical testwork update   - Q4 2012
            - Decision on Further studies     - Q4 2012
           Del Oro/Rye:
            - Drill Permitting commenced      - Q4 2012
            - Commence drilling               - Q2 2013
      Peru:
           Inmaculada project update         - Q1 2013
           Pallancata Q4 production stats    - Q1 2013
           Pallancata Ore Resource update    - Q1 2013

      Ecuador:
           Sale of projects                  - Q4 2012/Q1 2013

29
IMZ - Directors, Officers and Senior Management

 Directors               Position                    Profession        Nationality
 Stephen Kay             President/CEO               Geologist         British
 Rod McKeen              Corp. Secretary and         Lawyer            Canadian
                         Legal Counsel, Canada
 Mike Smith              Audit Committee Chairman    Chartered         Canadian
                         Lead Independent Director   Accountant
 Gabriel Bianchi         Independent Director        Asset Manager     Swiss
 Roberto Baquerizo       Independent Director        Asset Manager     Ecuadorian/U.S.
 Jorge Paz               Legal Counsel, Ecuador      Lawyer            Ecuadorian/Swiss
 John Hick               Independent Director        Lawyer            Canadian


 Other Senior Management and Officers
 Scott Brunsdon          CFO                         Economist         Canadian/U.S.
 Nick Appleyard          VP Corp. Development        Geologist         Australian

 Paul Durham             VP Corp. Relations          Geologist         British
 Alan Matthews           VP Special Projects         Mining Engineer   British



 30
IMZ - Contact Information

      Website: www.intlminerals.com

      Investor Relations
         •   Paul Durham                         •   Oliver Holzer
             VP - Corporate Relations                Marketing Consultant (Europe)
             Office phone: +1 (203) 883-8359         Swiss office: +41 44 853 00 47
             Cell Phone:    +1 (203) 940-2538        Mobile:       +41 79 402 39 33
             Email:     pdurham@intlminerals.com     Email: oholzer@intlminerals.com

         •   Christine Stewart
             Renmark Financial (Canada)
             Toronto Office: +1 (416) 644 2020
             Montreal Office: +1 (514) 939 3989
             Email: cstewart@renmarkfinancial.com

      Headquarters (U.S.A.)

         •   Stephen Kay
             President and Chief Executive Officer
             Phoenix office: +1 (480) 483-9932
             Fax:             +1 (480) 483-9926
             Email:       skay@intlminerals.com

31
APPENDIX & FOOTNOTES

     1. See slides below for the details of Pallancata and Rio Blanco reserve/resource estimates and the Converse, Goldfield and Gaby
        resource estimates. Inmaculada reserve and resource estimates are shown in slides 15 & 38. Please refer to the Company’s NI
        43-101 reports and related news releases filed on SEDAR for a discussion of assumptions, parameters and material risk factors.
        Estimated mineral resources that are not mineral reserves do not have demonstrated economic viability.
     2. The Inmaculada feasibility study information and reserve and resource estimates were announced in a news release dated
        January 11, 2012. A Technical Report on Inmaculada was filed by the Company on SEDAR on February 24, 2012.
     3. The Goldfield feasibility study information and reserve and resource estimates were announced in a news release dated July 17,
        2012. A Technical Report on Inmaculada was filed by the Company on SEDAR on August 31, 2012.
     4. The Rio Blanco data for production, cash costs, capex and operating cash flow (slide 47) are presented on a pre-tax, pre-
        government royalty and pre-windfall tax basis, as reported in a Feb 19, 2009 Company news release about Rio Blanco’s updated
        costs. Life of mine production for the February 2009 estimate is based only on mineral reserves of the Alejandra North and San
        Luis deposits at Rio Blanco.
     5. Gaby’s annual production, cash costs and capex estimates (slide 52) are sourced from an addendum to the preliminary
        feasibility study (PFS) announced in a January 29, 2009 Company news release.
     6. Rio Blanco’s and Gaby’s outlook and production start-up estimates are dependent on continuation of project development
        pending a review of options to optimize value to shareholders.
     7. Goldfield Main resource estimate is classified in accordance with CIM guidelines by independent consultant R. Mohan
        Srivastava, a Qualified Person under NI 43-101 and has an effective date of February 1, 2011. Gemfield reserve estimate was
        prepared by D. Anderson of Micon International Ltd (July 2012). Gemfield and McMahon Ridge resource estimates were
        calculated by R. Mohan Srivastava with an effective date of July 17, 2012.
     8. IMZ uses the Gold Institute’s definition of “Total Cash Costs”. For Pallancata, IMZ’s Total Cash Costs per ounce of silver
        produced, net of gold credit, include mine operating costs, mined ore inventory adjustment, toll processing and mine general
        and administrative costs, Hochschild’s management fee, concentrate transportation and smelting costs, taxes (other than
        federal income tax) and Peruvian government royalty. Direct Site Costs per ounce silver comprise direct mining, mined ore
        inventory adjustment, toll processing and mine general and administrative costs (net of gold by-product credit).
     9. IMZ accounts for its 40% ownership of the Pallancata Mine and the Inmaculada project on an equity accounting basis.
     10. Production at Pallancata is shown from start-up of mining operations, September 2007.




32
Pallancata - December 31, 2011 Reserves & Resources

                            100% Basis (40% Attributable to IMZ)
                 Basis $1,080 gold, $18.00 silver, Cut-off Grade 144 g/t silver

  Reserves                        Tonnes          Silver         Gold            Silver           Gold           Silver             Gold
                                                   (g/t)         (g/t)            (oz)            (oz)          Equiv (1)         Equiv (1)
                                                                                                                (M of oz)         (M of oz)
  Proven & Probable              3,450,000          287            1.4         31,848,000        152,000          41.0M            683,000



  Resources
  Measured &                     5,015,000          372            1.7         60,006,000        278,000          76.7M           1,278,000
  Indicated (2)


  Inferred Resource              2,813,000          347            1.5         31,335,000        132,000          39.3M            654,000



 Notes:   1.   Gold equivalent and silver equivalent values based on 60:1 silver-gold ratio
          2.   Measured and Indicated Resources include Proven and Probable Reserves
          3.   Cut off grade of 144 g/t silver.
          4.   Resource and reserve estimates have an effective date of December 31, 2011.
          5.   Numbers have been rounded in all categories to reflect the precision of the estimates.
          6.   Hochschild’s data and methodology were reviewed by IMZ’s VP of Corporate Development, Nick Appleyard and VP Special Projects,
               Alan Matthews, both Qualified Persons as defined by National Instrument 43-101.




 33
Pallancata Longitudinal Section - Looking Northeast


 A                                                                                                                                                           A’


                                                                                                                                                 EXTREMO
                                                                                                                                                 EXTREME
                                                                                                                                                 SUR ESTE
                                                                                                                                                SOUTHEAST
4,800   HUARARANI
           NW                   PALLANCATA        PALLANCATA                  PALLANCATA                      PALLANCATA
4,600                              WEST            CENTRAL                       EAST                         SOUTHEAST

4,400


4,200


4,000                                                                                                                         Domo Sarnahuiri

3,800


3,600


3,400
3,200

3,000                                                        5,000m                                                                                 1,300m




               SYMBOLS                         LITHOLOGIES                                           PALLANCATA
                                         L. And.Afan.
                                                                               RESOURCES
                                                                                                        WEST
                                                                                                                  = Areas Currently in Production
                                                               Domo / Flujo
               DDH OROVEGA                                                     Measured Resources
                                        T. And. - Pómez        Rhyodacite
               DDH HOC . ejecutado      T. And. - Lapilli
                                                                               Indicated Resources   PALLANCATA   = Areas in Development
               DDH Programa 2010                                Hipabisal
                                         T. And.- Lit..
                                                                                Inferred Resources   SOUTHEAST
                                         L. And.Porf.           Diorite
               DDH Programa 2011




  34
Inmaculada - Multiple Targets


                                         Inmaculada


     Angela Vein
      Outcrop




                          Angela Vein




                   14,672 ha. property

35
Inmaculada - Angela Vein - Long Section (Looking Northwest)

  21,000 Hectares (210 sq km) - 60 km SW of Pallancata
  Similar Low-Sulfidation Epithermal Vein System
                                                                                                                                                                                                                                                          Inmaculada
  Over 2 km in Strike Length and 300m Vertical Extent
  Open East and West and One of Multiple Veins on Property
  99% of Known Mineralization Not Exposed on Surface
      SW                                                                                                                                                                                                                                                                                                                                     NE
                                                                                                      10500

                                                                                                                   10550




                                                                                                                                                                                                                   11100




                                                                                                                                                                                                                           11200
                             10100




                                                                                                                                                          10750




                                                                                                                                                                                  10900
                                                                                 10400




                                                                                                                                                                  10800

                                                                                                                                                                          10850




                                                                                                                                                                                                     11000




                                                                                                                                                                                                                                                                                                                11800




                                                                                                                                                                                                                                                                                                                              11900
                                       10150




                                                                         10350




                                                                                         10450




                                                                                                                             10600




                                                                                                                                                                                                                                                                       11500
                10050




                                                       10250




                                                                                                                                     10650




                                                                                                                                                                                                                                                  11400

                                                                                                                                                                                                                                                          11450
                                               10200




                                                                                                                                                                                                                                                                                                  11700
        10000




                                                                                                                                                                                                                                          11300
                                                               10300




                                                                                                                                                  10700




                                                                                                                                                                                                                                                                                                                                             12000
                                                                                                                                                                                                                                                                               11600
                                                                                                                                                                                          Surface
      Vein Outcrop
                                                                                                                                                                    o
                                                                                                                                             10                                                     Eastern Limit of Feasibility Study
                                                                         10                                                                                                                                                                                                                                                           4600 m
                                                                                                                                              25
                             10
                                                                                                                                                                                                                                                     o
                                                       50              25
                        25                                                                                                                    50
                                                                       50

                                                                       100                                                                   100
                                                                                                                                                                                          10                                                                                                                                          4500 m
                        50                                                                                                                                                                                                         100
                                                                                                              50           100                                                                 25                                                                 10
                                     100
                                                                                                                                                                                                    50                                                            25
                                                                                                                                         100                                                                                                                                                              100                         4400 m
                                                                                                 25
                                 o                                                                                                                                                                           100                                                                             50
                                                                                         10                                                                                                                                                                   50                                                        10
                                                                                                                                                                                                                                                                                        25
                                                                                                                                                                                                                                                                                                                        25
                                                                                                                                                                                                                                         50                                            10                               50
                                                                                                                                                                                                                                          25                                                                                          4300 m
                                                                                                                                                                                                                                                                                                                        100
                                                                                                                                                                                                                                          10                                                                                            10

                                                                                                                                                                                                                                                                                                                                      4200 m
                                                                                                                                                                                                                                                                                                                  139
                                 Drill Hole Mineralized Intercepts                                                                       0         50 100                 200
                                                                                                                                                     Meters                                                                   o                                          o
                                     Drill Holes with
                o                    No Significant Values                                                                                                                                                                                                                                                                        o

       100 50                        Grade-Thickness Contours:
             25 10
                                     Au Equivalent (g/t) x true width (m)



 36
Inmaculada, Peru - Reserves & Resources- January 2012
                                              100% Project Basis, 40% Attributable to IMZ
                                                        Base-Case: $1,100 Gold, $18.00 Silver
           Reserves                                Million              Gold             Silver              Gold                 Silver             Gold Equiv
                                                   Tonnes               (g/t)             (g/t)              (oz)                  (oz)                 (oz)

           Proven                                    3.844              3.40               106             421,000             13,125,000              640,000

           Probable                                  3.958              3.33               134             424,000             17,796,000              707,000

           Proven & Probable                         7.801              3.37               120             845,000             30,140,000             1,347,000


           Resources
           Measured                                   3.28              4.10               128             430,000             13,500,000              655,000

           Indicated                                  3.78              4.05               159             490,000             19,300,000              812,000
           Measured & Indicated (2)                   7.07              4.07               144             930,000             32,800,000             1,477,000



           Inferred Resources                         4.94              3.91               152             620,000             24,200,000             1,023,000
      1.  Numbers are rounded to reflect the precision of a resource estimate.
      2.  Measured and Indicated Resources include Proven and Probable Reserves.
      3.  Cut-off grade for estimated Reserves is 2.3 g/t gold equivalent. Cutoff grade for estimated Resources is 1.5 g/t gold equivalent. Gold equivalent ounces are
          estimated for mineral resources using a 60:1 silver to gold ratio.
      4. The estimated mineral resources that are not mineral reserves do not have demonstrated economic viability.
      5. To limit the influence of individual high-grade samples, grade capping was used. Gold assay grades were capped at 100 g/t and silver grades were capped at 5,000
          g/t for the Angela vein which contributes 95% of the measured and indicated tonnage and 97% of the gold equivalent ounces. Minor veins were capped at variable
          values ranging from 5 g/t to 50 g/t gold and 500 g/t to 1,250 g/t silver.
      6. An estimated dry bulk density of 2.51 tonnes per cubic meter was used for all mineralized rocks.
      7. The grades were interpolated using the “Ordinary Kriging” estimation technique.
      8. The contained metal reserve estimates include mining dilution (averaging 28% at a grade of 0.3 g/t Au and 11 g/t Ag) and 3% ore losses , but remain subject to
          process recovery losses.
      9. The mineral resources were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM),Standards on Mineral Resources and Reserves,
          Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by the CIM Council December 11, 2005.
      10. The reserve and resource estimates have an effective date of January 11, 2012.



 37
Inmaculada, Peru (40% IMZ, 60% Hochschild) - Feasibility Study Results
              Item                                                                   Units                           100% Project                   IMZ 40%
              Base Case gold price                                                           $ per ounce                   $1100                          $1100
              Base Case silver Price                                                         $ per ounce                        $18                           $18
              Initial Mine life                                                                    years                         6.3                           6.3
              Expected Production Date                                                              date                 Dec. 2013                      Dec. 2013
              Average annual gold production                                                 ounces/year                   124,000                         49,600
              Average annual silver production                                               ounces/year                 4,204,000                      1,682,000
              Average annual gold equiv. production4                                         ounces/year                   194,000                         78,000
              Life-of-mine gold production                                                       ounces                    783,000                        313,000
              Life-of-mine silver production                                                     ounces                 26,488,000                     10,600,000
              Life-of-mine gold equiv.    production4                                            ounces                  1,220,000                        488,000
              Plant processing rate (3,500 tpd)                                              tonnes/year                 1,260,000                      1,260,000
              Metallurgical recovery – gold                                                           %                      95.6%                          95.6%
              Metallurgical recovery – silver                                                         %                      90.6%                          90.6%
              Initial capital 2                                                                $ millions                      $315                           $91
              Direct site costs 3                                                  per tonne processed                          $74                           $74
              Direct site   costs3, 5                                     per ounce Au (with Ag credit)                        $133                          $133
              Total cash operating costs3,5, 6,7                         per ounce Au (with Ag credit)                         $172                          $262
              IRR pre-tax/post-tax                                                                    %                 18% / 12%                      26% / 21%
              Pre-tax /post-tax cash flow (non-                                                $ millions
                                                                                                                       $323 / $194                     $136 / $95
              discounted)
              Pre-tax/post-tax NPV, 5% discount rate                                           $ millions                $181 / $90                      $85 / $57
              Pre-tax/post-tax NPV, 8% discount rate                                           $ millions                $120 / $46                      $63 / $40

      1.   IMZ owns a 40% interest in the Inmaculada project. Under the joint venture agreement signed between IMZ and Hochschild, in December 2010, Hochschild
           must contribute the first $100 million of feasibility study, project development and capital costs with subsequent costs funded 60% by Hochschild and 40%
           by IMZ. Hochschild will receive a 7% management fee as operator of Inmaculada. Table does not consider the impact of these agreement terms.
      2.   Initial capital includes $25 million in contingency allowance and is based on Q4 2011 estimates. No escalation factors have been applied.
      3.   Direct site costs include mining, processing and mine administration. Total cash operating costs include direct site costs plus estimates of refining charges
           and government royalty (but do not include workers profit sharing which is 8% of net income). IMZ costs also include estimate of management fee.
      4.   Gold equivalent (“gold equiv.”) numbers are estimated using a silver-to-gold ratio of 60:1 calculated by using the ratio of the base case metal prices.
      5.   By-product accounting subtracts the revenue generated by silver from the total operating costs to determine the cost per ounce of gold.
      6.   For comparative purposes, if IMZ had selected co-product accounting, the resulting total cash operating costs on a 100% project basis are estimated to be
           $502/oz of gold and $8.20/oz of silver.
      7.   For comparative purposes, if IMZ had selected co-product accounting, the resulting total cash operating costs for IMZ’s 40% interest of the project are
           estimated to be $560/oz of gold and $9.15/oz of silver.




 38
Inmaculada, Peru - Sensitivity to Gold & Silver Prices


                                        Pre-tax Sensitivity Analyses
                                 100% Project Basis v 40% Attributable to IMZ
                                                 (base-case in bold)



                                          Gold Price / Silver Price ($/oz)
                                 BASE CASE

      Category        $900 /         $1,100 /        $1,300 /          $1,500 /       $1,700 /       $1,900 /
                      $15.00         $18.00          $21.00            $25.00         $28.00         $31.00
      IRR            5% / 9%        18% / 26%       28% / 40%      38% / 55%         46% / 67%      53% / 78%

      Cash Flow
                     $88 / $42     $323 / $136     $559 / $231     $821 / $335     $1,057 / $429   $1,292 / $523
      ($ millions)


      NPV 5%
                     $6 / $15       $181 / $85     $356 / $155     $551 / $233      $726 / $302    $901 / $372
      ($ millions)


      NPV 8%
                     -$28 / $3      $120 / $63     $268 / $122     $433 / $188      $581 / $247    $729 / $306
      ($ millions)




                            NOTE: $181 / $85 = 100% Project Basis / 40% Attributable to IMZ




 39
Goldfield, Nevada – Principal Target Areas

            Reno - 4.5 hours




                                                                         Esmeralda County
                                                                           Nye County
                                                           Belmont
                                                                                                                    Gemfield
                                            McMahon
                                             Ridge                                                                             Principal
                                Mineral                        NE                                                              Gold Deposit
                                Wealth                       Goldfield
                       Sinter
                                                                                            Midnight           Gold Resources: 1.6M ozs
                                                Milltown
                                                                                                               Goldfield Main: 780,000 oz
                                                                                                               Gemfield:       560,000 oz
Gemfield                                                                                                       McMahon Ridge: 285,000 oz

                                          Central
             Gemfield SE                   Zone
                                                                                                                    Milltown
                                                                                            Tognoni
                                                                                                                               Other Targets


           Goldfield                 Simerone
            Main




                                                                                                        Tom     0        0.5       1.0   1.5
                                                                                                       Keane
                                                                                                                           Miles




                  Las Vegas - 2.5 hours


40
Newly Discovered Mineralized Zone at Gemfield Project, Goldfield, Nevada




 41
Intl mineralsjan2013corppresentation
Intl mineralsjan2013corppresentation
Intl mineralsjan2013corppresentation
Intl mineralsjan2013corppresentation
Intl mineralsjan2013corppresentation
Intl mineralsjan2013corppresentation
Intl mineralsjan2013corppresentation
Intl mineralsjan2013corppresentation
Intl mineralsjan2013corppresentation
Intl mineralsjan2013corppresentation
Intl mineralsjan2013corppresentation
Intl mineralsjan2013corppresentation
Intl mineralsjan2013corppresentation
Intl mineralsjan2013corppresentation
Intl mineralsjan2013corppresentation
Intl mineralsjan2013corppresentation
Intl mineralsjan2013corppresentation
Intl mineralsjan2013corppresentation
Intl mineralsjan2013corppresentation
Intl mineralsjan2013corppresentation

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Intl mineralsjan2013corppresentation

  • 1. “Silver Producer with a Golden Future” IR presentation - January 2013 www.intlminerals.com 1
  • 2. Cautionary Statement Some of the statements contained in this presentation are “forward-looking statements” within the meaning of Canadian securities law requirements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this presentation include statements regarding drilling and development programs on the Company’s projects, timing of commencement of production, reserve/resource additions, completion of feasibility studies, obtaining of required environmental and production permits, timing and significance of future cash flows and dividends. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as: risks relating to estimates of mineral resources and reserves; risks relating to project capital, production costs and cash flows; risks relating to obtaining mining and environmental permits; mining and development risks; risk of commodity price fluctuations; political and regulatory risk; general financial market and credit risks; other risks and uncertainties detailed in the IMZ’s Annual Information Form (dated September 28, 2012) and Management Discussion and Analysis for the year ended June 30, 2012, both of which are available at www.sedar.com. Any forward-looking financial information provided may not be appropriate in relation to reporting under International Financial Reporting Standards (IFRS). Please refer to the Company’s latest financial statements and notes. These forward-looking statements speak only as of the date hereof. The Company undertakes no obligation to update publicly or release any revisions to these forward looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Qualified Person: The Company’s VP Corporate Development, Nick Appleyard. Dollar and Year References: “$” and “US$” refer to US dollars unless otherwise noted. Years refer to the respective calendar year unless otherwise noted as fiscal year (June 30). Au = gold; Ag = silver; g/t = grams per metric tonne; M = million; $M = million dollars; Mt = million tonnes; oz or ozs = troy ounces; tpd = metric tonnes per day 2
  • 3. IMZ – Overview Reserves and Resources  Focus: Gold and Silver Deposits in the Americas Peru 14%  Large Resource Base: 9.5M Gold Equivalent Ounces  Pallancata Silver Mine, Peru (40% IMZ, 60% Hochschild) USA  Estimated Production in 2012: ~9 Million Silver Equiv ozs 86%  World’s 6th largest primary silver mine  Inmaculada Gold-Silver Project, Peru (40% IMZ, 60% Hochschild)  Production Start-up: 2H 2014  Production 2014: ~200,000 Gold Equiv ozs/year  Nevada (100% IMZ)  Goldfield Gold Mine: start-up mid-2015  Converse Gold Property: pending further studies  Ecuador:  Pending sale of assets  Financial Strength: $73M in cash and debt free  Announced initial dividend of C$0.12/share, payable Jan 31st. Pallancata, Peru 3
  • 4. IMZ - Capital Structure and Stock Performance  Listings - Toronto and Swiss: Symbol “IMZ”  Shares Issued: 117.6 million  Swiss Performance Index (SPI): Top 100  Fully Diluted Shares: 121.4 million  Market Capitalization: C$532 million  Options: 3.8M (~$540 million)  Recent Share Price: C$4.52  Cash: $73 million  52-Week Range: C$4.00-C$5.81  Debt Free One year relative performance Analyst Coverage  Dundee Securities (C) – D. Mah  National Bank (C) – S. Parsons  TD Securities (C) – S. Green  Dahlman Rose (US) – A. Graf  Bank Vontobel (SW) – P. Rafaisz  Canaccord Genuity (UK) – T. Dudley  Zürcher Kantonalbank (SW) – M. Schreiber Weighted in US$ 4
  • 5. IMZ - Key Financial Data - Fiscal years end June 30th $60 56.7 $80 $55 72.4 $70 $50 20.6% $45 $60 20% 42.4 Mine Royalty * $40 $50 $35 15% 30.4 US $Millions US $Millions $30 39.7 12.6%* $40 Return on Equity % $25 35.9 10% 8.9% 8.6% $30 $20 29.1 24* 7.2% 15.5 19.3 $15 $20 18.9 5% $10 8.7 $10 $5 0% $0 $0 0.1% 0.2 1.6 -$5 -$5 4.0 08 09 10 11 12 13 08 09 10 11 12 13 08 09 10 11 12 13 Q1 annualized* Q1 annualized* Q1 annualized* % Return on Equity Pre-Tax Net Income from Pre-Tax Cash Flow from Continuing (Cont. Ops; Pre-Tax Basis) Continuing Operations And Discontinued Operations ($ Millions) ($ Millions) Note: Fiscal 2011 and 2012 numbers reflect adoption of IFRS as of July 1, 2011. 5
  • 6. IMZ - Property Locations Rio Blanco Gaby Pallancata Inmaculada 6
  • 7. IMZ - Project Pipeline Peru U.S.A. Pallancata Production Pallancata, Peru Inmaculada (Est Prodn 2014) Gemfield (Est Prodn 2015) Development McMahon Ridge/Goldfield Main Converse Del Oro/Rye Acoma Drill Targets 7
  • 8. IMZ - Reserves / Resources Reserves and 6.0 Resources Gold Equivalent Ounces (Millions) Peru 5.5 14% 5.0 4.5 USA 4.0 86% 3.5 3.0 P+P Reserves 2.5 (Total 1.32 M ozs Au Eq)1,2,4 2.0 M+I Resources (83%) 1.5 (Total 7.89 M ozs Au Eq)1,3,4 1.0 Inferred Resources (17%) 0.5 (Total 1.65 M ozs Au Eq)1 Peru USA 10 Inmaculada (40%) Pallancata (40%) Goldfield (100%) Converse (100%) (Million Ozs) Gold Equiv 5 0 07 08 09 10 11 12 Total M+I Gold Equiv Resources Notes: 1. Average Au equiv conversion of 61:1 Ag to Au ratio for reserves and 62:1 for resources. 2. P+P = Proven and Probable Reserves 3. M+I = Measured and Indicated Resources 4. M+I includes P+P. 8
  • 9. IMZ - Project Summaries Pallancata Inmaculada Goldfield Converse (40%) (40%) (100%) (100%) Location Peru Peru Nevada Nevada Metals Ag + Au Au+ Ag Au Au + Ag Type of Operation Underground Underground Open Pit Open Pit Status Production Development Development Advanced Expl Production Date N/A 2H 2014 Mid 2015 ? Annual Production 3.8M ozs Ag 50,000 ozs Au 66,000 ozs Au 110,000 ozs Au 12,000 ozs Au I.7M ozs Ag 638,000 ozs Ag Mine Life 7.5 years 6.3 years 6.5 years 13.5 years Initial Capital Costs N/A $112M $133M $455M Total Cash Costs/oz (1) $9/oz Ag $265/oz Au $611/oz Au $745/oz Au Net of By-Products Economic Parameters (2) at $1,500 Au, $25 Ag: • Life of Mine Cash Flow $300-350M $335M $229M $936M • NPV @ 8% Disc. Rate --- $223M $110M $316M • IRR --- 55% 29% 37% (1) By-product credit: Value of by-product metals are deducted from cash operating costs. (2) All amounts are pre-tax. 9
  • 10. IMZ - Pallancata Silver Mine (40% IMZ), Peru – Principal Veins (Looking Northwest) Pallancata- Plan View Pallancata West To Mariana/ Mercedes/ San Javier Ranichico (8% 2012 prodn.) Central Zone Rina (2% 2012 prodn.) Main Structure Mercedes Camp District Map Suyamarca River Selene Pallancata 76M oz M&I Ag Eq (160 sq km) Pallancata West (37% 2012 prodn.) Central Area (370 sq km) Central Zone } (51% 2012 prodn.) Pallancata East 10 km 60% Hoch (2% 2012 prodn.) 40% IMZ Inmaculada 100% Hoch 1.5M oz M&I Au Eq View of Photograph (210 sq km) 10
  • 11. IMZ - Pallancata Mine, Peru (40% IMZ) Mine • Underground, 3,000 tpd 2012 Est. Operating Cash Flow to IMZ • Flotation circuit (concentrate) • Recoveries: 85% Ag, 70% Au $70 Post-Capex / Pre-Tax $66 $60 $59 Millions Mine Life • ~7 years, including current resources $50 $53 $47 $40 $41 $35 $ 30 $28 2011 2012E $24 $26 $28 $30 $32 $34 $36 Ag Price / Ounce Ore production (tonnes) 1,070,500 t 1,050,000 t 100% Production (40% to IMZ) 10.1 Head grade Ag/Au 301g/t / 1.3g/t 286g/t / 1.4g/t 8.8 8.4 7.8E Production Ag/Au (oz) 8.8M oz Ag 7.8M oz Ag 33,881 oz Au 30,000 oz Au 36 4.2 34 32E Direct site costs/oz Ag $2.20 $4.00E 32 (net of gold credit) 16 IMZ total cash costs/oz $6.38 $8.00E (net of gold credit) 2008 2009 2010 2011 2012E Silver (M ozs) Gold (,000 ozs) 11
  • 12. IMZ – Pallancata, Resources replace production – Inmaculada is growing! Pallancata silver equivalent resources (at 60:1 ratio) 180 160 Pallancata 140 Mined Ag Eq 48mln 120 100 Pallancata Millions of Ounces Inferred +3% 80 60 Pallancata M + I +97% 40 Inmaculada Inferred Resources Inmaculada M + I 20 - M&I ounces Inferred ounces Mined Ounces Inmaculada M&I Inmaculada Inf For initial investment of ~USD5mln, we have recouped over USD116 mln in net dividend payouts 12
  • 13. IMZ - Inmaculada Project (40% IMZ), Peru - Angela Vein Plan View – Multiple Veins near to Angela Vein* Shakira Angela Angela NE Angela SW Lourdes Inmaculada Martha Melisa Cymoid Verónica Angela SW Jimena Further potential along Angela Vein (Long Section looking Northwest)* Approximate Eastern Limit of Feasibility Study Vein Outcrop Production adit at Inmaculada *Source: Hochschild Mining plc 13
  • 14. IMZ - Inmaculada, Peru - IMZ 40% / HOC 60% - Feasibility Study Jan 2012 100% Project Basis 2014 Est. Pre-tax Operating Cash Flow to IMZ $125 Operation • Underground, 3,500 tpd $100 $109 • Conventional cyanidation (dore) $93 $75 Millions • Recovery: 96% Au, 91% Ag $77 $50 $61 $45 Mine Life • 6.3 years (basis initial reserves) $25 $29 $0 Production • Average/year: 124,000 oz Au, 4.2Moz Ag $900 $1100 $1300 $1500 $1700 $1900 $2100 Estimates • Direct cash op costs /oz: $133 (net of Ag credit) Au Price / Ounce • Total cash op costs/oz: $172 (net of Ag credit) Production Estimates (100% Project Basis) Initial Capital • $370 million - Nov 2012 update 128 . 113 99 Base Case • NPV0%: ~$323M ($194 after-tax) 5.2 Economics • NPV8%: $120M ($46 after-tax) 4.3 4.6 $1,100 Au, $18 • IRR: 18% (12% after-tax) 70 Ag 1.7 Sensitivity • NPV0%= $821M ($492 after-tax), NPV8%=$433M $1,500 Au, $25 ($236 after-tax), IRR = 38% (27% after-tax) Ag Outlook • Permitting ongoing, decline development underway 2014 2015 2016 2017 Production Date : 2H 2014 Gold (,000 ozs) Silver (M ozs) 14
  • 15. IMZ - Goldfield, Nevada - IMZ 100% - Development Stage  Historical Mining District in Southern Nevada  Approx 4M oz gold production from 1903-1940’s at ~18 g/t  Three Gold Deposits (Gemfield, McMahon Ridge, Goldfield Main)  P+P Reserves*: 0.51M oz Au (14.3Mt at 1.1 g/t Au)  M+I Resources: 1.23M oz Au (31.1Mt at 1.2 g/t Au)  Inferred Resources: 0.44M oz Au (10.9Mt at 1.3 g/t Au)  Heap Leach Feasibility Study at Gemfield: July 2012  Basic engineering begins Q4 2012 – ends Q2 2013  Targeting Production in Mid 2015 (Gemfield only)  66,000 Au ozs/year, 6,000 tpd open-pit heap leach operation  New met tests suggest a 7,500 tpd operation with 14% lower processing costs and G & A is feasible. A new mine plan is scheduled for Q2 2013.  Capex estimate: $133M (Plant/Infrastructure $93M, Mine $20M, Road $20M)  Total cash cost (with Ag by-product credit): $611/oz Au  Future Milling Scenario  Under evaluation  Testing new drill targets outside of existing mineralized areas * P+P Reserves included in M+I Resources. 15
  • 16. IMZ - Goldfield, Nevada – Principal Gold Deposits Reno - 4.5 hours X-section Las Vegas - 2.5 hours 16
  • 17. IMZ - Goldfield, Nevada: Gemfield Deposit Feasibility Study - July 2012 Avg. Annual Est. Pre-tax Operating Cash Flow(2) $60 $50 $57 Operation • Open Pit., 6,000 tpd ( could rise to 7,500 tpd *) • Heap leach (dore) $40 Millions $42 • Recovery: 84% Au $30 Mine Life • 6.5 years (basis initial reserves) $20 $26 $10 P&P Reserves (1) • 511,000 oz Au (14.3 Mt @ 1.1 g/t Au) $10 $1,350/oz Gold $0 $1100 $1350 $1600 $1850 M&I Resources(1) • 574,000 oz Au (17.0 Mt @ 1.0 g/t Au) Au Price / Ounce (includes reserves) Inferred Res. (1) • 74,000 oz Au (4.2 Mt @ 0.6 g/t Au) Production Estimates 81 Production • Average/year: 66,000 oz Au Estimates • Direct cash op costs /oz: $526 (net of Ag credit) 73 • Total cash op costs/oz: $611 (net of Ag credit) 62 55 Initial Capital • $133 million (based on feasibility study July 2012) Base Case • NPV0%: ~$168M ($132M after-tax) Economics • NPV 7%: $83M ($59M after-tax) $1,350 Au • IRR: 22% (18% after-tax) Outlook • Permitting ongoing, basic engineering underway • Production Date: Mid 2015 Year 1 Year 2 Year 3 Year 4 (1) Silver is not material . Gold (,000ozs) (2) Production and pre-tax operating cash flow on operating year basis. Silver revenue is not material. (3) See appendix for details of July 2012 Feasibility Study. * See Nov 1st press release on Gemfield update. 17
  • 18. IMZ - Converse, Nevada - IMZ 100% - Scoping Study - December 2011 Avg Pre-tax Operating Cash Flow /Year $200 Operation • Open pit, 45,000 tpd. • Heap leach (Dore) $160 $184 • Recovery: ~60% Au, 30% Ag $151 $120 Mine Life • 13.5 years $119 Millions • Strip ratio 2.3:1 $80 $86 P&P • No reserves defined to date $40 $53 Reserves $20 $0 Resources • M+I : 320Mt @ 0.50 g/t Au and 3.7 g/t Ag -$13 $1000 $1200 $1400 $1600 $1800 $2000 $2200 (5.2M oz Au, 38.0M oz Ag) Au Price / Ounce • Inferred: 31.2Mt @ 0.51 g/t Au and 3.0 g/t Ag (507,000 oz Au, 3.0M oz Ag) Production • Average/year: 160,000 oz Au, 638,000 oz Ag Production Estimate Estimates • Direct cash cost /oz: $745 (net of Ag credit) 219 • Total cash op costs/oz (incl capex): $998 (net of Ag credit) 183 Initial Capital • $455 million 156 151 Base Case • NPV0%: ~$494M Economics • NPV8%: $70M $1,300/oz Gold • IRR: 11% $25/oz Silver • Cost per tonne ore processed: $8.35 Sensitivity • $1600/oz Au & $31/oz Ag: NPV0%= $1,158M, NPV8%= $440M, IRR=22% Outlook • Further studies pending met test work Q4 2012 Year 1 Year 2 Year 3 Year 4 Gold (,000ozs) 18
  • 19. IMZ - Converse, Nevada - Regional Mines and Cross-Section 470000E 480000E 490000E R42E R43E R44E 4520000N Gold Mine, deposit NEWMONT LONE TREE MINE IMZ- fee land 80 Schematic Cross Section Looking East IMZ- BLM land VALMY N Conv-004C 2 Conv-005C 4510000N 17 10 IMZ 16 GOLDCORP/BARRICK T33N Converse 20 21 MARIGOLD MINE 80 29 28 Trout Creek Humboldt County 32 33 Trenton Valmy Pershing County 6 5 NEWMONT TD=2,388ft TD=1,800ft TRENTON CANYON MINE (549m) (728m) Trenton 4500000N Trenton North Peak Canyon Main Humboldt County Lander County T32N NEWMONT COPPER BASIN AREA NEWMONT BUFFALO VALLEY MINE IMZ drilling extended mineralization at depth 4490000N NEWMONT COPPER CANYON AREA T31N Fortitude Phoenix 0 1 2 3 Miles 19
  • 20. IMZ - 5 Year Estimates: Project Time Lines Goldfield, Nevada 2012 2013 2014 2015 2016 Pallancata, Peru Q1 Q2 Q3 Production Pallancata, Peru Permit / Construction Production Inmaculada, Peru Feasibility Permit / Construction Production Goldfield, Nevada(1) Further Development Pending Converse, Nevada(2) (1) Goldfield: - Heap leach scenario for Gemfield only. - Milling option for Goldfield Main (plus Gemfield and McMahon Ridge) yet to be fully evaluated. (2) Converse: - Further development pending results of metallurgical test work. 20
  • 21. IMZ - 5 Year Estimates: IMZ Production and Costs 2012-2016 320,000 $1000 Industry-Average Total Production Costs 300,000 1H 2012 ($930)** 280,000 $900 260,000 US $/oz Production Cost 240,000 $800 Inmaculada, Peru 220,000 Industry-Average Total Cash Costs Goldfield (100% IMZ) Gold Equivalent Ounces* 1H 2012 ($720) ** 200,000 $700 Inmaculada (40% IMZ) 180,000 Pallancata (40% IMZ) 160,000 $600 Total Cash Costs 140,000 Total Production Costs 120,000 $500 * Gold Equiv ozs based on average 50:1 silver-gold ratio 100,000 ** Industry-average costs basis GFMS Gold Survey 2012 updated Sept 2012 – figures are 1H 2012 average 80,000 $400 60,000 1. Pallancata: Basis Dec 31, 2011 reserve and resource estimates. 2. Inmaculada: Basis Jan 2012 Feasibility Study. 3. Goldfield: Basis July 2012 Feasibility Study. 2012E 2014E 2015E 2016E 2011A 2013E 21
  • 22. IMZ - 5 Year Estimates: Pre-tax Cash Flow from Operations $300 $1,000 gold, $20 silver $300 $1,500 gold, $30 silver $1,800 gold, $35 silver $200 $200 Converse, Nevada $1,800 Au, $35 Ag $1,500 Au, $1000 Au, $30 Ag $20 Ag Goldfield (100% IMZ) $100 $100 Inmaculada (40% IMZ) Pallancata (40% IMZ) $0 $0 Production Royalty 2013E 2015E 2016E 2014E 2011A 2012E 1. Pallancata: Basis Dec 31, 2011 reserve and resource estimates. 1.2. Inmaculada: Basis Jan 2012 Feasibility Study (IMZ 40%). 2.3. Goldfield: Basis July 2012 Feasibility Study. 4. 2012 estimate does not include $38M from sale of Ruby Hill royalty. 22
  • 23. IMZ – 5 Year Estimates: Total Costs $140 $140 122 $120 $120 $100 $100 87 78 78 $80 $80 Goldfield, Nevada 57 $60 $60 49 Projects Goldfield $40 $40 Inmaculada $20 $20 Pallancata $0 $0 Other 2011A 2012E 2013E(2) 2014E(3) 2015E 2016E Exploration + G&A (1) Pallancata: Basis Dec. 31, 2011 reserve and resource estimates. Numbers include annual exploration estimates. (2) Inmaculada: Basis Jan 2012 Feasibility Study. HOC pays first $100M feasibility, development and capex. IMZ share of $315M total capex = $90M. Assumes $140M of asset-based financing for project in 2013. Numbers include annual exploration estimates and principal/debt repayments. (3) Goldfield: Basis July 2012 Feasibility Study. Assumes $57M of debt financing in 2014 (total initial capex $133M). Numbers include principal/debt repayments. 23
  • 24. IMZ - 5 Year Estimates: Cum. Operating Cash Flow vs Total Spending $1,000 $1,000 Cum. Op. Cash Flow $800 $1,800 Au. $35 Ag $800 Cum. Op. Cash. Flow $600 $600 $1,500 Au, $30 Ag $400 $400 Cum. Capex + Other $200 $200 Cum. Op. Cash Flow $1,000 Au, $20 Ag $0 $0 2011A 2012E(1) 2013E(1) 2014E(2) 2015E 2016E (1) Assumes $140M asset-based project financing at Inmaculada. Reduces IMZ capex contribution of $90M to $34M in 2012 and 2013. (2) Assumes $57M of debt financing for Goldfield in 2014 (total initial capex $133M). 24
  • 25. Enterprise Value /Total Gold Resource Ounces 231 220 38 116 $450 22 $400 20 Total Resource Ozs M + I + Inferred Resources (ozs) $350 18 EV US$/Gold Resource Ozs 16 $300 14 $244 $245$256 $250 12 $209 $200 10 $146 $150 $146 8 $129 $101 $105 $110 6 $100 $80 $81 $49 $55 $56 $57 4 $50 $35 2 B-2 Gold GOLDCORP High River Lake Shore BARRICK Kirkland Lake Golden Star AGNICO ANGLOGOLD Romarco Timmins Jaguar Intl Mins San Gold Alacer Aurizon Argonaut Source: -Company Disclosure, Bloomberg. Based on most recent financials. - Resources include reserves. - Enterprise Value = market capitalization plus debt less cash. 25
  • 26. IMZ -The Investment case  Growing Production and Cash Flow  Pallancata (IMZ’s 40% interest) • 2012: ~3.6M oz Ag Equiv (65,000 oz Au Equiv) • 2012: ~$20-30M free cash flow  Inmaculada (IMZ’s 40% interest) • Production date: 2H 2014 • 78,000 oz/year Au Equiv • 2014 Free cash flow: ~$35-$40M  Growth from Nevada Gold Projects (IMZ 100%) Camp at Inmaculada, Peru  Production at Goldfield - mid 2015  Pending further studies at Converse - 2013  Maintain active exploration program  Brownfield exploration on Goldfield lease, NV.  Central Nevada (Del Oro/Rye)  Southeastern Peru (Acoma)  Strong Balance Sheet  $73M in cash and debt-free Production Adit, Inmaculada, Peru 26
  • 27. IMZ - Value added Ventura Gold Acquisition 2010 (for Inmaculada property) USD mlns Acquisition cost, net 0.4 Exploration spending by IMZ 12.1 Total IMZ investment 12.5 Total Au Eq M + I ozs (IMZ 40% share) 0.4* * excludes 0.25 mln Inferred ozs COST PER OUNCE (Au eq) USD Acquisition cost per ounce 1.00 Development cost per ounce 30.30 Total cost per ounce Au 31.3 TANGIBLE RESULTS TO DATE  Inmaculada under construction  Minimal IMZ initial capital obligations  Significant resource expansion potential 27
  • 28. IMZ – Value added Metallic Ventures Purchase 2010 (for Goldfield and Converse projects) USD mlns Acquisition cost, net 51.5 Cash received from royalty -47.8 Net cost to IMZ 3.7 Exploration spending by IMZ 25.4 Total IMZ investment 29.1 Total Au Eq M + I ozs mlns 6.79* (*excludes 1.08 mln Inferred Au Eq ozs) COST PER OUNCE (Au eq) USD Acquisition cost per ounce 0.54 Development cost per ounce 3.74 Total cost per ounce Au 4.29 TANGIBLE RESULTS TO DATE  One mine (Goldfield) in development  Significant resource expansion potential 28
  • 29. IMZ - News Flow/Catalysts in 2012/2013  Q2 Financial Results: - Feb 14 2013  Nevada, USA:  Goldfield: - Project update - Q2 2013  Converse: - Metallurgical testwork update - Q4 2012 - Decision on Further studies - Q4 2012  Del Oro/Rye: - Drill Permitting commenced - Q4 2012 - Commence drilling - Q2 2013  Peru:  Inmaculada project update - Q1 2013  Pallancata Q4 production stats - Q1 2013  Pallancata Ore Resource update - Q1 2013  Ecuador:  Sale of projects - Q4 2012/Q1 2013 29
  • 30. IMZ - Directors, Officers and Senior Management Directors Position Profession Nationality Stephen Kay President/CEO Geologist British Rod McKeen Corp. Secretary and Lawyer Canadian Legal Counsel, Canada Mike Smith Audit Committee Chairman Chartered Canadian Lead Independent Director Accountant Gabriel Bianchi Independent Director Asset Manager Swiss Roberto Baquerizo Independent Director Asset Manager Ecuadorian/U.S. Jorge Paz Legal Counsel, Ecuador Lawyer Ecuadorian/Swiss John Hick Independent Director Lawyer Canadian Other Senior Management and Officers Scott Brunsdon CFO Economist Canadian/U.S. Nick Appleyard VP Corp. Development Geologist Australian Paul Durham VP Corp. Relations Geologist British Alan Matthews VP Special Projects Mining Engineer British 30
  • 31. IMZ - Contact Information  Website: www.intlminerals.com  Investor Relations • Paul Durham • Oliver Holzer VP - Corporate Relations Marketing Consultant (Europe) Office phone: +1 (203) 883-8359 Swiss office: +41 44 853 00 47 Cell Phone: +1 (203) 940-2538 Mobile: +41 79 402 39 33 Email: pdurham@intlminerals.com Email: oholzer@intlminerals.com • Christine Stewart Renmark Financial (Canada) Toronto Office: +1 (416) 644 2020 Montreal Office: +1 (514) 939 3989 Email: cstewart@renmarkfinancial.com  Headquarters (U.S.A.) • Stephen Kay President and Chief Executive Officer Phoenix office: +1 (480) 483-9932 Fax: +1 (480) 483-9926 Email: skay@intlminerals.com 31
  • 32. APPENDIX & FOOTNOTES 1. See slides below for the details of Pallancata and Rio Blanco reserve/resource estimates and the Converse, Goldfield and Gaby resource estimates. Inmaculada reserve and resource estimates are shown in slides 15 & 38. Please refer to the Company’s NI 43-101 reports and related news releases filed on SEDAR for a discussion of assumptions, parameters and material risk factors. Estimated mineral resources that are not mineral reserves do not have demonstrated economic viability. 2. The Inmaculada feasibility study information and reserve and resource estimates were announced in a news release dated January 11, 2012. A Technical Report on Inmaculada was filed by the Company on SEDAR on February 24, 2012. 3. The Goldfield feasibility study information and reserve and resource estimates were announced in a news release dated July 17, 2012. A Technical Report on Inmaculada was filed by the Company on SEDAR on August 31, 2012. 4. The Rio Blanco data for production, cash costs, capex and operating cash flow (slide 47) are presented on a pre-tax, pre- government royalty and pre-windfall tax basis, as reported in a Feb 19, 2009 Company news release about Rio Blanco’s updated costs. Life of mine production for the February 2009 estimate is based only on mineral reserves of the Alejandra North and San Luis deposits at Rio Blanco. 5. Gaby’s annual production, cash costs and capex estimates (slide 52) are sourced from an addendum to the preliminary feasibility study (PFS) announced in a January 29, 2009 Company news release. 6. Rio Blanco’s and Gaby’s outlook and production start-up estimates are dependent on continuation of project development pending a review of options to optimize value to shareholders. 7. Goldfield Main resource estimate is classified in accordance with CIM guidelines by independent consultant R. Mohan Srivastava, a Qualified Person under NI 43-101 and has an effective date of February 1, 2011. Gemfield reserve estimate was prepared by D. Anderson of Micon International Ltd (July 2012). Gemfield and McMahon Ridge resource estimates were calculated by R. Mohan Srivastava with an effective date of July 17, 2012. 8. IMZ uses the Gold Institute’s definition of “Total Cash Costs”. For Pallancata, IMZ’s Total Cash Costs per ounce of silver produced, net of gold credit, include mine operating costs, mined ore inventory adjustment, toll processing and mine general and administrative costs, Hochschild’s management fee, concentrate transportation and smelting costs, taxes (other than federal income tax) and Peruvian government royalty. Direct Site Costs per ounce silver comprise direct mining, mined ore inventory adjustment, toll processing and mine general and administrative costs (net of gold by-product credit). 9. IMZ accounts for its 40% ownership of the Pallancata Mine and the Inmaculada project on an equity accounting basis. 10. Production at Pallancata is shown from start-up of mining operations, September 2007. 32
  • 33. Pallancata - December 31, 2011 Reserves & Resources 100% Basis (40% Attributable to IMZ) Basis $1,080 gold, $18.00 silver, Cut-off Grade 144 g/t silver Reserves Tonnes Silver Gold Silver Gold Silver Gold (g/t) (g/t) (oz) (oz) Equiv (1) Equiv (1) (M of oz) (M of oz) Proven & Probable 3,450,000 287 1.4 31,848,000 152,000 41.0M 683,000 Resources Measured & 5,015,000 372 1.7 60,006,000 278,000 76.7M 1,278,000 Indicated (2) Inferred Resource 2,813,000 347 1.5 31,335,000 132,000 39.3M 654,000 Notes: 1. Gold equivalent and silver equivalent values based on 60:1 silver-gold ratio 2. Measured and Indicated Resources include Proven and Probable Reserves 3. Cut off grade of 144 g/t silver. 4. Resource and reserve estimates have an effective date of December 31, 2011. 5. Numbers have been rounded in all categories to reflect the precision of the estimates. 6. Hochschild’s data and methodology were reviewed by IMZ’s VP of Corporate Development, Nick Appleyard and VP Special Projects, Alan Matthews, both Qualified Persons as defined by National Instrument 43-101. 33
  • 34. Pallancata Longitudinal Section - Looking Northeast A A’ EXTREMO EXTREME SUR ESTE SOUTHEAST 4,800 HUARARANI NW PALLANCATA PALLANCATA PALLANCATA PALLANCATA 4,600 WEST CENTRAL EAST SOUTHEAST 4,400 4,200 4,000 Domo Sarnahuiri 3,800 3,600 3,400 3,200 3,000 5,000m 1,300m SYMBOLS LITHOLOGIES PALLANCATA L. And.Afan. RESOURCES WEST = Areas Currently in Production Domo / Flujo DDH OROVEGA Measured Resources T. And. - Pómez Rhyodacite DDH HOC . ejecutado T. And. - Lapilli Indicated Resources PALLANCATA = Areas in Development DDH Programa 2010 Hipabisal T. And.- Lit.. Inferred Resources SOUTHEAST L. And.Porf. Diorite DDH Programa 2011 34
  • 35. Inmaculada - Multiple Targets Inmaculada Angela Vein Outcrop Angela Vein 14,672 ha. property 35
  • 36. Inmaculada - Angela Vein - Long Section (Looking Northwest)  21,000 Hectares (210 sq km) - 60 km SW of Pallancata  Similar Low-Sulfidation Epithermal Vein System Inmaculada  Over 2 km in Strike Length and 300m Vertical Extent  Open East and West and One of Multiple Veins on Property  99% of Known Mineralization Not Exposed on Surface SW NE 10500 10550 11100 11200 10100 10750 10900 10400 10800 10850 11000 11800 11900 10150 10350 10450 10600 11500 10050 10250 10650 11400 11450 10200 11700 10000 11300 10300 10700 12000 11600 Surface Vein Outcrop o 10 Eastern Limit of Feasibility Study 10 4600 m 25 10 o 50 25 25 50 50 100 100 10 4500 m 50 100 50 100 25 10 100 50 25 100 100 4400 m 25 o 100 50 10 50 10 25 25 50 10 50 25 4300 m 100 10 10 4200 m 139 Drill Hole Mineralized Intercepts 0 50 100 200 Meters o o Drill Holes with o No Significant Values o 100 50 Grade-Thickness Contours: 25 10 Au Equivalent (g/t) x true width (m) 36
  • 37. Inmaculada, Peru - Reserves & Resources- January 2012 100% Project Basis, 40% Attributable to IMZ Base-Case: $1,100 Gold, $18.00 Silver Reserves Million Gold Silver Gold Silver Gold Equiv Tonnes (g/t) (g/t) (oz) (oz) (oz) Proven 3.844 3.40 106 421,000 13,125,000 640,000 Probable 3.958 3.33 134 424,000 17,796,000 707,000 Proven & Probable 7.801 3.37 120 845,000 30,140,000 1,347,000 Resources Measured 3.28 4.10 128 430,000 13,500,000 655,000 Indicated 3.78 4.05 159 490,000 19,300,000 812,000 Measured & Indicated (2) 7.07 4.07 144 930,000 32,800,000 1,477,000 Inferred Resources 4.94 3.91 152 620,000 24,200,000 1,023,000 1. Numbers are rounded to reflect the precision of a resource estimate. 2. Measured and Indicated Resources include Proven and Probable Reserves. 3. Cut-off grade for estimated Reserves is 2.3 g/t gold equivalent. Cutoff grade for estimated Resources is 1.5 g/t gold equivalent. Gold equivalent ounces are estimated for mineral resources using a 60:1 silver to gold ratio. 4. The estimated mineral resources that are not mineral reserves do not have demonstrated economic viability. 5. To limit the influence of individual high-grade samples, grade capping was used. Gold assay grades were capped at 100 g/t and silver grades were capped at 5,000 g/t for the Angela vein which contributes 95% of the measured and indicated tonnage and 97% of the gold equivalent ounces. Minor veins were capped at variable values ranging from 5 g/t to 50 g/t gold and 500 g/t to 1,250 g/t silver. 6. An estimated dry bulk density of 2.51 tonnes per cubic meter was used for all mineralized rocks. 7. The grades were interpolated using the “Ordinary Kriging” estimation technique. 8. The contained metal reserve estimates include mining dilution (averaging 28% at a grade of 0.3 g/t Au and 11 g/t Ag) and 3% ore losses , but remain subject to process recovery losses. 9. The mineral resources were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM),Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by the CIM Council December 11, 2005. 10. The reserve and resource estimates have an effective date of January 11, 2012. 37
  • 38. Inmaculada, Peru (40% IMZ, 60% Hochschild) - Feasibility Study Results Item Units 100% Project IMZ 40% Base Case gold price $ per ounce $1100 $1100 Base Case silver Price $ per ounce $18 $18 Initial Mine life years 6.3 6.3 Expected Production Date date Dec. 2013 Dec. 2013 Average annual gold production ounces/year 124,000 49,600 Average annual silver production ounces/year 4,204,000 1,682,000 Average annual gold equiv. production4 ounces/year 194,000 78,000 Life-of-mine gold production ounces 783,000 313,000 Life-of-mine silver production ounces 26,488,000 10,600,000 Life-of-mine gold equiv. production4 ounces 1,220,000 488,000 Plant processing rate (3,500 tpd) tonnes/year 1,260,000 1,260,000 Metallurgical recovery – gold % 95.6% 95.6% Metallurgical recovery – silver % 90.6% 90.6% Initial capital 2 $ millions $315 $91 Direct site costs 3 per tonne processed $74 $74 Direct site costs3, 5 per ounce Au (with Ag credit) $133 $133 Total cash operating costs3,5, 6,7 per ounce Au (with Ag credit) $172 $262 IRR pre-tax/post-tax % 18% / 12% 26% / 21% Pre-tax /post-tax cash flow (non- $ millions $323 / $194 $136 / $95 discounted) Pre-tax/post-tax NPV, 5% discount rate $ millions $181 / $90 $85 / $57 Pre-tax/post-tax NPV, 8% discount rate $ millions $120 / $46 $63 / $40 1. IMZ owns a 40% interest in the Inmaculada project. Under the joint venture agreement signed between IMZ and Hochschild, in December 2010, Hochschild must contribute the first $100 million of feasibility study, project development and capital costs with subsequent costs funded 60% by Hochschild and 40% by IMZ. Hochschild will receive a 7% management fee as operator of Inmaculada. Table does not consider the impact of these agreement terms. 2. Initial capital includes $25 million in contingency allowance and is based on Q4 2011 estimates. No escalation factors have been applied. 3. Direct site costs include mining, processing and mine administration. Total cash operating costs include direct site costs plus estimates of refining charges and government royalty (but do not include workers profit sharing which is 8% of net income). IMZ costs also include estimate of management fee. 4. Gold equivalent (“gold equiv.”) numbers are estimated using a silver-to-gold ratio of 60:1 calculated by using the ratio of the base case metal prices. 5. By-product accounting subtracts the revenue generated by silver from the total operating costs to determine the cost per ounce of gold. 6. For comparative purposes, if IMZ had selected co-product accounting, the resulting total cash operating costs on a 100% project basis are estimated to be $502/oz of gold and $8.20/oz of silver. 7. For comparative purposes, if IMZ had selected co-product accounting, the resulting total cash operating costs for IMZ’s 40% interest of the project are estimated to be $560/oz of gold and $9.15/oz of silver. 38
  • 39. Inmaculada, Peru - Sensitivity to Gold & Silver Prices Pre-tax Sensitivity Analyses 100% Project Basis v 40% Attributable to IMZ (base-case in bold) Gold Price / Silver Price ($/oz) BASE CASE Category $900 / $1,100 / $1,300 / $1,500 / $1,700 / $1,900 / $15.00 $18.00 $21.00 $25.00 $28.00 $31.00 IRR 5% / 9% 18% / 26% 28% / 40% 38% / 55% 46% / 67% 53% / 78% Cash Flow $88 / $42 $323 / $136 $559 / $231 $821 / $335 $1,057 / $429 $1,292 / $523 ($ millions) NPV 5% $6 / $15 $181 / $85 $356 / $155 $551 / $233 $726 / $302 $901 / $372 ($ millions) NPV 8% -$28 / $3 $120 / $63 $268 / $122 $433 / $188 $581 / $247 $729 / $306 ($ millions) NOTE: $181 / $85 = 100% Project Basis / 40% Attributable to IMZ 39
  • 40. Goldfield, Nevada – Principal Target Areas Reno - 4.5 hours Esmeralda County Nye County Belmont Gemfield McMahon Ridge Principal Mineral NE Gold Deposit Wealth Goldfield Sinter Midnight Gold Resources: 1.6M ozs Milltown Goldfield Main: 780,000 oz Gemfield: 560,000 oz Gemfield McMahon Ridge: 285,000 oz Central Gemfield SE Zone Milltown Tognoni Other Targets Goldfield Simerone Main Tom 0 0.5 1.0 1.5 Keane Miles Las Vegas - 2.5 hours 40
  • 41. Newly Discovered Mineralized Zone at Gemfield Project, Goldfield, Nevada 41