Targeting High Grade Uranium Discoveries in the Athabasca ...€¦ · INVESTOR PRESENTATION November 2019 Targeting High Grade Uranium Discoveries in the Athabasca Basin . 2 ... 3

INVESTOR PRESENTATION November 2019

Targeting High Grade Uranium Discoveries in the Athabasca Basin

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All statements, other than statements of historical fact, contained in this presentation constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, and “forward-looking information” under similar Canadian legislation and are based on the reasonable expectations, estimates and projections of the Company as of the date of this presentation. Forward-looking statements and forward-looking information include, without limitation, possible events, trends and opportunities and statements with respect to possible events, trends and opportunities, including with respect to, among other things, the state of the uranium market, global market conditions, the ability of the Company to identify and acquire assets, results of exploration activities, the nature of potential business acquisitions, capital expenditures, successful development of potential acquisitions, currency fluctuations, government policy and regulation, geopolitical uncertainty and environmental regulation. Generally, forward-looking statements and forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking statements and forward-looking information are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Many of these uncertainties and contingencies can affect the Company’s actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements and forward-looking information made by, or on behalf of, the Company. All of the forward-looking statements and forward-looking information made in this presentation are qualified by these cautionary statements. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws. Nothing in this presentation should be construed as either an offer to sell or a solicitation of an offer to buy or sell shares in any jurisdiction. Neil McCallum, P.Geol., is the Qualified Person under National Instrument 43-101 who has reviewed and approved the scientific and technical content in this presentation.

Legal Disclaimer

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Standard Uranium - a Canadian uranium exploration company aiming to complete public listing on the TSX-V in the fall of 2019

Flagship Project – the Davidson River project, the largest unexplored uranium target in the Patterson Lake Uranium District - South West Athabasca Basin

Strong Team – backed by an executive team experienced in exploration (including in the PLS district specifically), corporate governance, junior mining finance and capital markets

Short-term Catalysts – summer exploration program completed; Davidson River drill targets identified and fully permitted

Company Snapshot

Davidson River Project

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Standard Uranium has assembled the team and land package focused on uranium exploration in the Southwest Athabasca Basin region of Saskatchewan, Canada Standard Uranium will use best practices and experience gained from making previous discoveries in this region

Vision

Davidson River Project

Cluff Lake Mine Shea Creek Arrow Triple R

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Jon Bey – President, Chief Executive Officer, Director, (Chair) Mr. Bey is a capital markets executive with over 13 years in the junior exploration industry with experience in uranium, gold, silver, lead, zinc, diamonds and oil and gas. He has public company experience across several sectors and with companies listed on the TSX, TSX-V, CSE, and LSE Exchanges. Mr. Bey is the founder and Managing Director of the Steel Rose Group of companies.

Neil McCallum – V.P. Exploration, Director

Mr. McCallum has over 15 years of experience primarily in North American mineral deposit exploration, with a focus on targeting and discovery of unconformity-related uranium deposits. He is currently a project manager at Edmonton based Dahrouge Geological Consulting Ltd. Mr. McCallum has managed and conducted uranium exploration in and around the Athabasca Basin and other jurisdictions for multiple companies.

Garrett Ainsworth – Independent Director

Mr. Ainsworth is an accomplished geologist and mining executive. He was Vice President Exploration & Development at NexGen Energy Ltd. where he led the technical team and all exploration activities. For his work at NexGen, Garrett was co-recipient of the 2018 PDAC Bill Dennis Award & the 2016 Mines & Money Exploration award. Prior to that, Mr. Ainsworth was the Vice President Exploration at Alpha Minerals Inc., and project managed the discovery of the Patterson Lake South high-grade uranium boulder field and drill discovery of the Triple R Uranium deposit. He was named co-recipient of the AMEBC Colin Spence Award in 2013 for his lead role in the discovery of Triple R.

Blair Jordan – Lead Independent Director

Mr. Jordan was most recently Interim CEO of Ascent Industries Corp., where he successfully led a substantial restructuring. Prior thereto, he was Managing Director of Investment Banking at Echelon Wealth Partners Inc., and before that, spent nearly 10 years with Credit Suisse in London, New York and Tokyo. Before joining Credit Suisse, he was a securities lawyer with Bennett Jones LLP in Calgary. He holds an MBA from the Booth School of Business at the University of Chicago, and an LLB from the University of British Columbia. Mr. Jordan has extensive experience working in public markets, both as a director and officer.

Martin Bajic – Chief Financial Officer

Mr. Bajic holds a B.A. and Diploma in Accounting from UBC and is a member of the Chartered Professional Accountants of B.C. He has over a decade of experience serving as a director, chief financial officer, or consultant to numerous public companies trading on the TSX Venture Exchange or the CSE with a focus in the resource and technologies industries. His background as a CPA, CA provides the Company with the requisite skills necessary for financial management and compliance with today’s complex regulatory reporting requirements.

Exploration Focused Team

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Patterson Lake Uranium District

The Davidson River land package is located in the heart of the Patterson Lake Uranium District, surrounded by major players in uranium exploration and development including: Cameco, Orano, NexGen, Fission, Fission 3.0, Denison, Purepoint, UEX, ALX, and Skyharbour Both Fission and NexGen have plans to build uranium mines in the Patterson Lake Uranium District in the next 5-6 years.

STANDARD URANIUM

FISSION 3.0

FISSION 3.0

DENISON / ALX

CAMECO CAMECO &

PUREPOINT

UEX ORANO

ORANO

PUREPOINT ORANO

CAMECO

FISSION URANIUM

NEXGEN

ORANO SKYHARBOUR

CLEAN COMMODITIES PUREPOINT

Triple R Deposit

Arrow Deposit

Spitfire Zone

Smart Lake Zone

ORANO

ORANO

ORANO

NEXGEN

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Over 400 Million pounds of uranium deposits have been discovered in the Patterson Lake Uranium District in recent years, and discoveries continue Triple R Deposit1 (Discovered 2012) Fission Uranium Indicated 87.76 Mlbs 1.82% U3O8 600+ Drill Holes Inferred 52.85 Mlbs 1.80% U3O8 Arrow Deposit2 (Discovered 2014) NexGen Energy Indicated: 256.6 Mlbs 4.03% U3O8 600+ Drill Holes Inferred: 91.7 Mlbs 0.86% U3O8 Spitfire Zone3 (Discovered 2015)Cameco/Orano/Purepoint DH: HK15-27 – 2.8 m of 2.23% U3O8 100+Drill Holes Smart Lake Zone4 (Discovered 2008) Purepoint DH: SMT08-05 - 0.2 m of 0.19% U Davidson River Property Standard Uranium 0 Drill Holes Results from adjacent properties do not indicate that the same or similar results will occur for the Davidson River Property 1 – Feb 20, 2018 Fission Uranium Corp. News Release 2 – Nov 5, 2018 Nexgen Energy Ltd. News Release 3 – March 31, 2015 Purepoint Uranium Group Inc. News Release 4 – Sept 4, 2019 Purepoint Uranium Group Inc. News Release

Patterson Lake Uranium District Deposits

STANDARD URANIUM

FISSION 3.0

FISSION 3.0

DENISON / ALX

CAMECO CAMECO &

PUREPOINT

UEX ORANO

ORANO

PUREPOINT ORANO

CAMECO

FISSION URANIUM

NEXGEN

ORANO SKYHARBOUR

CLEAN COMMODITIES PUREPOINT

Triple R Deposit

Arrow Deposit

Spitfire Zone

Smart Lake Zone

ORANO

ORANO

ORANO

NEXGEN

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NEXGEN

STANDARD URANIUM

FISSION 3.0

FISSION 3.0

DENISON / ALX

CAMECO CAMECO &

PUREPOINT

UEX ORANO

ORANO

PUREPOINT ORANO

CAMECO

FISSION URANIUM

NEXGEN

ORANO SKYHARBOUR

CLEAN COMMODITIES PUREPOINT

Triple R Deposit

Arrow Deposit

Spitfire Zone

ORANO

ORANO

ORANO

The western side of the Clearwater structure is anticipated to see increased exploration in 2019-2020. New discoveries will increase the potential for the Davidson River project. Purepoint & Cameco – Smart Lake Property1

Summer 2019: review of 2008-2012 drill core Plans for an aggressive follow-up program is likely. NexGen Energy – SW1 Property2

September 2019: 4000 metres (minimum) drilling Skyharbour, Orano & Clean Commod. – Preston Property3

Feb 2019: planned for 4,850 metres of drilling Fission 3.0 Corp – Whales Lake Property4

2017 Airborne Geophysics 2018 Ground EM Geophysics 2018 winter drilling Summer 2019 Airborne VTEM geophysics

Regional Exploration Activity 2019 / 2020

SW1 Property

Smart Lake Property

1 – Sept 4, 2019 Purepoint Uranium Group Inc. News Release 2 – Aug 26, 2019 Nexgen Energy Ltd. News Release 3 – Nov 5, 2018 Skyharbour Resources Ltd. News Release 4 – July 9, 2019; Jan 3, 2019 Fission 3.0 Corp. News releases

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Size and Scope of Project: 32,237 hectares 19 mineral claims

Work Completed to Date: Regional Lake sediment sampling, ground gravity surveys,

airborne radiometric survey, VTEM survey, ZTEM survey

Project Acquisition: Prior to 2012, region was off limits for staking due to oil and

gas reserves Core claims were staked by the property vendor in 2013,

shortly after the first “discovery hole” of the PLS District at the Triple R Zone

Prior to the Triple R discovery hole, it was believed that uranium could only be found in the basin, at unconformity

Claims were first optioned to a struggling junior who could not advance the project

Core claims were acquired by Standard Uranium from property vendor in 2018 through an option agreement

100% of the Eastern extension claims were acquired by Standard Uranium through staking in 2018

Davidson River Project

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Clearwater domain is thought to be a potential source of the uranium or the source of the hydrothermal system related to uranium deposits located in the Southwest Athabasca Basin

Exploration corridors to the east of the Clearwater domain have had several recent major uranium discoveries

The Patterson Lake Corridor hosts the Spitfire zone, Arrow deposit and Triple R deposit, and is interpreted to continue through the Clearwater domain to the Davidson River Property

The corridors on the west of the Clearwater domain have recently been discovered by Standard Uranium but they have never been drill tested

Clearwater Domain Mirror Theory

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Magnetics Dominant Northwest-southeast trend Cross-cutting structures are evident throughout the

property Electromagnetics (VTEM) Condor Consulting recently completed a thorough

interpretation of the VTEM data Conductive zones generally follow the magnetic trend There are three main trends and several discordant

zones Breaks or jogs in the EM trend suggest structural

breaks or alteration zones Electromagnetics (ZTEM) Condor Consulting currently completing a thorough

interpretation of the ZTEM data – due in September Airborne Radiometrics Anomalous zones are located down-ice of the EM

conductors They have not been ground-truthed in the field

Primary VTEM Targets

Airborne Uranium Targets

High-priority area

Work Done to Generate Drill Targets

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2019 Exploration Plans – Confirming Drill Targets

Drill Targets have been identified based on: 1) Breaks or jogs in the EM trend suggest structural

breaks or alteration zones 2) Cross-cutting structures identified from the

magnetics 3) Associated radiometric anomalies down-ice of the

VTEM conductors 2019 PLANS Airborne ZTEM Survey Completed in May, 2019 The data will support the existing EM data, by

providing depths of conductive zones and dip interpretations ahead of drilling

Detailed interpretation expected Q3, 2019

Prospecting and Mapping Completed July, 2019 – interpretation Q3 2019 Investigate the source of the radiometric anomalies

Are there uranium-bearing boulders related to a deposit on the conductors?

Are the total count anomalies related to an uplifted basement block?

DETAILED TARGET ZONES

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Gunnar Project 6,474 Hectares, 2 mineral claims Beaverlodge District, north of Lake Athabasca Contains historical Gunnar Mine

5.5Mt of ore with an average grade of 0.175% U3O8 (19.25 Mlbs of U3O8)1.

Numerous historic prospects that have not been explored with a current understanding of uranium deposit models

Additional Projects - Gunnar and Atlantic Atlantic Project 2,176 Hectares, 6 mineral claims Located in the Prolific eastern Athabasca East-west EM conductor on property Located 25 km from ISO Energy’s

emerging new Hurricane discovery All-season road through property

1 – Geological Report 126: Uranium Deposits of the Athabasca Region by L.S. Beck (1969), as downloaded from https://publications.saskatchewan.ca/#/products/7356 on September 21, 2019

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The two greatest times to be a uranium investor are during a uranium market bull run and when a junior exploration company makes a major discovery

Both Fission and NexGen made their uranium discoveries post -Fukushima in a downward trending uranium bear market

Standard Uranium has the potential to make a uranium discovery in an upward trending bull market

Recent Bear Market Uranium Discoveries

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TSX-V Direct Listing – Targeting November 2019

Standard Uranium intends to complete direct listing on the TSX-V

Preliminary Non-Offering Prospectus filed Aug/Sept 2019 with BCSC & TSX-V

Standard Uranium audited financials will be filed with Final Prospectus

Revised 43-101 technical report completed November 2019

Initial financing completed November 2018, second financing in conjunction with

the direct listing on the same terms completing November 2019

Standard Uranium intends to complete the listing process in November 2019 and

list on the TSX-V under the symbol: STND

Final Non-Offering Prospectus target filing date - Novemberer 2019

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Standard Uranium intends to raise minimum CAN $750,000 with current financing

Unit Offering = 1 share @ $0.15, 1 full warrant @ $0.25, 48 month term

Subscription Receipt offering: funds to be escrowed until public listing completion

Exploration program to identify drill targets completed in summer 2019

Standard Uranium is now fully permitted and drill ready on the Davidson River

Project following summer 2019 exploration program

Non Offering Prospectus Capital Raise

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SHARE COUNT (MILLIONS)

Shares Currently Outstanding 37.9

Warrants 15.7

Capital Raise Number of Shares 5

Capital Raise Number of Warrants 5

Post Capital Raise Shares Outstanding 42.9

Cash Position Pre Capital Raise – $CAN $.5M

Share Structure Based on Capital Raise of CAN $750K

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Shareholder Composition

74%

7%

10%

9%

Standard Uranium Shareholders

Founders &MgmtRetail

Institutional

Vendor

Date Investors $ Amount $ Share $ Warrant

2017 Founders $500,000 $0.05 $0.05

2018 Initial Raise $862,000 $0.15 $0.25

Standard Uranium Previous Capital Raises

Date Investors # Shares

2017 Seed Founders 10,000,000

2018 Davidson River Project 22,000,000

2018 Initial Retail raise 5,958,333

Total All Shareholders 37,958,334

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Summary Standard Uranium has an exploration team with proven success in making high grade

discoveries in the Southwest Athabasca Basin, Saskatchewan, Canada

The Davidson River Project is a land package that has never been drilled and with the

potential for further Patterson Lake Uranium District discoveries

This is an excellent opportunity and time to invest in Standard Uranium

Standard Uranium will complete its direct listing in the fall of 2019 and list on the

TSX-V under the symbol STND

Thank You Contact us to discover more opportunities

1.604.375.4488

[email protected] www.StandardUranium.ca

Standard Uranium Corp.

200-550 Denman Street, Vancouver, BC, Canada V6G 3H1