BAJA MINING CORP.

Baja Mining Corp. (“Baja”) owns a 100% interest in El Boleo Project, an advanced polymetallic (copper, cobalt, zinc, manganese) property located in Baja California Sur, Mexico. Baja has assembled an exceptional management team who are developing Mexico’s largest copper-cobalt deposit.

HIGHLIGHTS:

• Definitive Feasibility Study completed
• Approval received for Environmental Impact Manifest
• Average annual production, for the first four years of production:
  • Copper cathode: 55,750 tonnes
  • Cobalt cathode: 1,535 tonnes
  • Zinc contained metal: 6,300 tonnes
• Proven and probable reserves provide for 25 year mine life
• Measured and Indicated resources: 277.2 million tonnes grading 1.77% copper equivalent
• Inferred resources: 253.2 million tonnes grading 1.29% copper equivalent
• Management ownership: approximately 24%
• US$665 million first mortgage debt facility jointly mandated with the Export Import Bank of Korea (K-EXIM) and Bayerische Hypo-und Vereinsbank AG, a member of UniCredit Group.
• US$ 64 million equipment lease secured
• Minority partnership agreement signed with a Consortium of Korean companies for US$294 million (cash and project funding)
  • The Consortium members include:
    • Korea Resource Corporation
    • LS Nikko Copper Inc.
    • Hyundai Hysco Co. Ltd.
    • SK Networks Co. Ltd.
    • Iljin Copper Foil Co. Ltd.
• Re-commencement of full construction activities and production start-up date currently under review

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