Powertech Uranium Corp.: An OverviewPowertech Uranium Corp. (Powertech) is a Uranium E & P Company Created to Develop Cost-Effective Uranium Properties While Minimizing Lead Time to

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Powertech Uranium Powertech Uranium Corp.: An OverviewCorp.: An Overview

Prepared for the Nuclear Regulatory Prepared for the Nuclear Regulatory Commission byCommission by::

Powertech Uranium Corp. &Powertech Uranium Corp. &Thompson & Simmons, PLLCThompson & Simmons, PLLC

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Corporate Overview: GeneralCorporate Overview: General

Powertech Uranium Corp. (Powertech) is a Powertech Uranium Corp. (Powertech) is a Uranium E & P Company Created to Uranium E & P Company Created to Develop CostDevelop Cost--Effective Uranium Properties Effective Uranium Properties While Minimizing Lead Time to ProductionWhile Minimizing Lead Time to Production::

Focuses Focuses PrimarilyPrimarily (Although Not Exclusively) on (Although Not Exclusively) on Uranium Resources Amenable to Uranium Resources Amenable to In Situ In Situ Recovery Recovery (ISR) Processes;(ISR) Processes;Currently Possesses Multiple Uranium Resource Currently Possesses Multiple Uranium Resource Properties That Are Either in the Exploration Stage Properties That Are Either in the Exploration Stage or in Preparation for Licensing/Permittingor in Preparation for Licensing/Permitting

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Corporate Overview: PersonnelCorporate Overview: Personnel

PowertechPowertech’’s Corporate Resources Include s Corporate Resources Include Personnel with Extensive Experience in All Personnel with Extensive Experience in All Aspects of Uranium RecoveryAspects of Uranium Recovery;;

Powertech Utilizes the Following Corporate or Powertech Utilizes the Following Corporate or Independent PersonnelIndependent Personnel::

Board of Directors;Board of Directors;Senior Executive Personnel;Senior Executive Personnel;Corporate and Technical Advisory BoardCorporate and Technical Advisory Board

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Wallace MaysWallace Mays: : Chairman of the BoardChairman of the Board

Member of the Uranium Hall of Fame;Member of the Uranium Hall of Fame;

Involved in the Design, Construction, and Operation Involved in the Design, Construction, and Operation of the First U.S. ISR Uranium Recovery Facility;of the First U.S. ISR Uranium Recovery Facility;

Has Been Principal or Senior Executive for Multiple Has Been Principal or Senior Executive for Multiple Uranium Recovery Ventures Including:Uranium Recovery Ventures Including:

Everest Minerals Corporation;Everest Minerals Corporation;

Uranium Resources, Inc.Uranium Resources, Inc.

Currently Urasia Gen. Dir. in KazakhstanCurrently Urasia Gen. Dir. in Kazakhstan

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Richard ClementRichard Clement: President and Chief : President and Chief Executive OfficerExecutive Officer

Professional Geologist and ViceProfessional Geologist and Vice--President/Exploration Manager (Mobil Energy President/Exploration Manager (Mobil Energy Minerals Australia) with Mobil Oil Corporation Minerals Australia) with Mobil Oil Corporation (1967(1967--1983);1983);Director and Senior ViceDirector and Senior Vice--President of Uranium President of Uranium Resources, Inc. (1983Resources, Inc. (1983--1999);1999);President of Hydro Resources, Inc. (1996President of Hydro Resources, Inc. (1996--1999)1999)

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Richard Blubaugh: ViceRichard Blubaugh: Vice--President for Health, President for Health, Safety, and Environmental ResourcesSafety, and Environmental Resources::

Twenty Years Experience in Project and Program Twenty Years Experience in Project and Program Management for Environmental Health and Safety;Management for Environmental Health and Safety;

Served in Multiple Senior Executive Positions, Served in Multiple Senior Executive Positions, Including ViceIncluding Vice--President of Environment and President of Environment and Government Affairs, for Atlas Minerals, Inc.;Government Affairs, for Atlas Minerals, Inc.;

Oversaw Final Reclamation and Closure Plan for Atlas Oversaw Final Reclamation and Closure Plan for Atlas Uranium Mill Site (Moab, Utah)Uranium Mill Site (Moab, Utah)

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Corporate and Technical Advisory BoardCorporate and Technical Advisory Board::

Dr. Charles GroatDr. Charles Groat: Member: Member

DirectorDirector: Center for International Energy and Environmental Policy at : Center for International Energy and Environmental Policy at the University of Texas at Austin;the University of Texas at Austin;DirectorDirector: : U.S. Geological Survey (1998U.S. Geological Survey (1998--2005)2005)

Anthony J. Thompson, Esq.Anthony J. Thompson, Esq.: Member: Member

Attorney, Thompson & Simmons, PLLC;Attorney, Thompson & Simmons, PLLC;Outside Counsel to National Mining Association, Uranium Outside Counsel to National Mining Association, Uranium Environmental Subcommittee;Environmental Subcommittee;Represents Most of Uranium Recovery IndustryRepresents Most of Uranium Recovery Industry

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Corporate Overview: Assets and Corporate Overview: Assets and ProjectsProjects

Powertech Currently Owns Several Uranium Powertech Currently Owns Several Uranium Resource Properties That Potentially May Resource Properties That Potentially May be the Subject of License Applications to be the Subject of License Applications to NRC/Agreement StatesNRC/Agreement States::

Dewey Burdock (South Dakota);Dewey Burdock (South Dakota);Dewey Terrace (Wyoming);Dewey Terrace (Wyoming);Aladdin (Wyoming);Aladdin (Wyoming);Centennial (Colorado/Agreement State)Centennial (Colorado/Agreement State)

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Powertech Uranium Projects and Powertech Uranium Projects and ProspectsProspects

Powertech Projects are located in Powertech Projects are located in the Western U.S., host to several the Western U.S., host to several major uranium producing districts major uranium producing districts conducive to ISR miningconducive to ISR mining

Project AcreageProject Acreage

Dewey BurdockDewey Burdock 11,18011,180

CentennialCentennial 5,7605,760

Dewey TerraceDewey Terrace 8,5408,540

AladdinAladdin 13,59013,590

Prospect AcreageProspect Acreage

ColonyColony 6,6606,660

Powder River BasinPowder River Basin 2,6002,600

Shirley BasinShirley Basin 1,6001,600

Ambrosia LakeAmbrosia Lake 4,6004,600

TotalTotal 54,53054,530

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The Dewey Burdock ProjectThe Dewey Burdock Project

Dewey Burdock Uranium Recovery ProjectDewey Burdock Uranium Recovery Project::

Located in Southwest South Dakota on South Flank of Located in Southwest South Dakota on South Flank of the Black Hills;the Black Hills;

Part of the Northern Extension of Edgemont Uranium Part of the Northern Extension of Edgemont Uranium District Discovered in 1950s;District Discovered in 1950s;

Property Consists of:Property Consists of:

Claims on Federal Mineral Lands & Leases on Private Mineral Claims on Federal Mineral Lands & Leases on Private Mineral Lands of 11,180 AcresLands of 11,180 Acres

Surface Use Agreements on 11,520 of Private Surface LandSurface Use Agreements on 11,520 of Private Surface Land

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Dewey Burdock Project Dewey Burdock Project -- Edgemont Edgemont District, South DakotaDistrict, South Dakota

Form 43Form 43--101 technical report determined 101 technical report determined a resource of 7.6 million pounds of Ua resource of 7.6 million pounds of U33OO88averaging a grade of 0.21% Uaveraging a grade of 0.21% U33

Tennessee Valley Authority, drilled more Tennessee Valley Authority, drilled more than 4000 test holes and estimated than 4000 test holes and estimated underground underground ‘‘mineable reservesmineable reserves’’ of of approximately 5 million pounds Uapproximately 5 million pounds U33OO88and calculated and calculated ‘‘identified resourcesidentified resources’’ in in place of 10 million pounds place of 10 million pounds

155 hole exploration permit received in 155 hole exploration permit received in January 2007. The permit also covers six January 2007. The permit also covers six core holes for metallurgical and leach core holes for metallurgical and leach testing and two 72 hour pump tests to testing and two 72 hour pump tests to determine permeability and flow rates of determine permeability and flow rates of the host formation. Program to the host formation. Program to commence in April 2007 commence in April 2007

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Dewey Burdock Project: Proposed Strategy for Dewey Burdock Project: Proposed Strategy for License Application SubmissionLicense Application Submission

Current Status of Activities Leading to Submission Current Status of Activities Leading to Submission of Relevant License/Permit Applicationsof Relevant License/Permit Applications::

Exploration Permit Obtained Jan, 2007;Exploration Permit Obtained Jan, 2007;

Exploration to Commence April, 2007;Exploration to Commence April, 2007;

Submission of NRC License Application Anticipated 1Submission of NRC License Application Anticipated 1stst

Qtr. 2009;Qtr. 2009;

Submission of Application for Aquifer Exemption Submission of Application for Aquifer Exemption andandUIC Permit to EPA Anticipated 1UIC Permit to EPA Anticipated 1stst Qtr. 2009;Qtr. 2009;

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Dewey Terrace Project Dewey Terrace Project --WyomingWyoming

Dewey Terrace was located along Dewey Terrace was located along extensions of Dewey Burdock extensions of Dewey Burdock Roll Fronts across the South Roll Fronts across the South Dakota Border in WyomingDakota Border in Wyoming

Claims totaling 8,540 acres staked Claims totaling 8,540 acres staked along historic mineralized trends along historic mineralized trends as defined by Tennessee Valley as defined by Tennessee Valley Authority and Teton Exploration Authority and Teton Exploration Corp. Corp.

Acquired Teton exploration data Acquired Teton exploration data consisting of 298 drill hole logs consisting of 298 drill hole logs representing 208,500 feet logged representing 208,500 feet logged and drill hole record sheets for and drill hole record sheets for over 494 holes in the immediate over 494 holes in the immediate areaarea

Exploration permit is in hand Exploration permit is in hand and additional drilling is and additional drilling is scheduled for March, 2007scheduled for March, 2007

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Aladdin Project Aladdin Project -- WyomingWyomingOver 13,500 acres of privatelyOver 13,500 acres of privately--owned Option/Lease landsowned Option/Lease lands

Acquired Teton exploration data Acquired Teton exploration data consisting of 589 drill hole logs consisting of 589 drill hole logs representing 222,000 feet logged representing 222,000 feet logged and drill hole record sheets for and drill hole record sheets for over 1800 holes in the immediate over 1800 holes in the immediate areaarea

Approved exploration permit Approved exploration permit was received in late 2006 and was received in late 2006 and drilling to commence in drilling to commence in Spring/Summer 2007Spring/Summer 2007

Same host formation as found in Same host formation as found in the Dewey Burdock and Dewey the Dewey Burdock and Dewey Terrace projectsTerrace projects

Data on three key historical drill Data on three key historical drill holes yields 10 feet of 0.47% holes yields 10 feet of 0.47% UU33OO88, 6 feet of 0.695% of, 6 feet of 0.695% of UU33OO8 8 and 6 feet of 0.504% ofand 6 feet of 0.504% of UU33OO88

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Corporate SummaryCorporate Summary

Powertech Possesses the Requisite Knowledge of the Powertech Possesses the Requisite Knowledge of the Uranium Recovery Processes, Licensing/Permitting, and Uranium Recovery Processes, Licensing/Permitting, and Regulatory Compliance to be a Major Player in the Regulatory Compliance to be a Major Player in the Industry;Industry;

Powertech Believes that Actively Engaging NRC in the Powertech Believes that Actively Engaging NRC in the Licensing/Permitting Process Will Facilitate Expeditious Licensing/Permitting Process Will Facilitate Expeditious Issuance of Licenses for Uranium Recovery;Issuance of Licenses for Uranium Recovery;

Powertech Personnel Intend to be Active Participants in Powertech Personnel Intend to be Active Participants in this Process and Stand Ready to Present NRC with this Process and Stand Ready to Present NRC with License/Permit Applications that Satisfy All Applicable License/Permit Applications that Satisfy All Applicable Regulatory Requirements Regulatory Requirements

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Contact InformationContact Information

Powertech Uranium Corp. Contact InformationPowertech Uranium Corp. Contact Information

AddressAddress:: 6200 S. Troy Circle6200 S. Troy CircleSuite 150Suite 150Centennial, CO 80111Centennial, CO 80111

PhonePhone: : 505505--790790--75287528

EE--MailMail: : [email protected]@Powertechuranium.com

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WellfieldWellfield--Crow Butte, NBCrow Butte, NB

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Satellite Satellite OpertaionOpertaion-- Vasquez, TXVasquez, TX

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Insitu Process Insitu Process -- CutawayCutawayThrough the use of water wells, groundwater Through the use of water wells, groundwater is extracted, oxygenated is extracted, oxygenated and reinjectedand reinjected into into the orethe ore--bearing sandstone. bearing sandstone.

These fluids are controlled by impermeable These fluids are controlled by impermeable units above and below the host sandstone and units above and below the host sandstone and dissolve uranium as they pass through the ore dissolve uranium as they pass through the ore zone. zone.

The pregnant solutions are brought to the The pregnant solutions are brought to the surface by production wells and are run surface by production wells and are run through ionic exchange columns where the through ionic exchange columns where the uranium is extracted. uranium is extracted.

The stripped fluids are again oxygenated and The stripped fluids are again oxygenated and reinjected into the wellfield. reinjected into the wellfield.

This recycling of fluids through the wellfield This recycling of fluids through the wellfield is an efficient, nonis an efficient, non--consumptive use of consumptive use of groundwater and can recover up to 90% of the groundwater and can recover up to 90% of the inin--place uranium.place uranium.

Powertech Uranium Corp.: An OverviewPowertech Uranium Corp. (Powertech) is a Uranium E & P Company Created to Develop Cost-Effective Uranium Properties While Minimizing Lead Time to

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