Slide 1: A New Dawn In Argentina
A New Dawn In Argentina TSX-V: BSK Sept. 7, 2010 1
Slide 2: Legal Disclaimer
Legal Disclaimer Statements in this release that are forward looking statements are subject to various risks and uncertainties concerning the specific factors identified above and in the Corporation’s periodic filings with the Ontario Securities Commission and the U.S. Securities Exchange Commission
Slide 3: Key People
Key People Sean D. Hurd President & CEO, Director One of the founders of the Company with over 15 years of public market experience including raising venture capital and managing resource exploration companies with assets in Argentina, Peru, Columbia, USA and Canada. Experienced in initial IPOs, sma
Slide 4: Key People
Key People Ronald Netolitzky, MSc. Director Mr. Netolitzky has Snip, Eskay Creek, and Brewery Creek gold mines to his credit and he is one of a handful of Canadian explorationists acknowledged as a successful mine finder and developer. He was honoured with the Bill Dennis Prospector of the Year Awar
Slide 5: Global Uranium Reactors
Global Uranium Reactors • 436 nuclear power reactors operating worldwide.* • Approximately 50 reactors under construction in 13 countries.* • China plans six times increase in capacity by 2020. • In the 1980s, 218 power reactors started up, an average of one every 17 days.* • Future Outlook: 1,280 r
Slide 6: Global Uranium Reactor Demand / Supply
Global Uranium Reactor Demand / Supply 2009 Projections Demand 180 million pounds Mine Supply 115 million pounds Annual Shortfall 65 million pounds "Somewhere between 24 and 12 million pounds of supply will drop out after 2013" Mr. Jerry Grandey, Cameco, C.E.O. *Source: Reuters Cameco CEO Interview
Slide 7: Argentina's Nuclear Industry
Argentina’s Nuclear Industry • First reactor in Argentina built in 1974 (CANDU design) • Nuclear power is 7% of Argentina’s electricity, 20% by 2025 • Uranium demand expected to double to 220 tonnes / year • Zero domestic production • Federal government encouraging exploration and exploitation Argen
Slide 8: Rio Negro's Alliance with The Grosso Group
Rio Negro’s Alliance with The Grosso Group The agreement in principle between the Province of Rio Negro, Argentina, and the Grosso Group, is to jointly explore for mining and energy related mineral deposits. This is the first agreement of its kind in Rio Negro, highlighting Blue Sky’s and the Grosso
Slide 9: Experienced Exploration Professionals
Experienced Exploration Professionals Jorge Berizzo, PhD • Senior Uranium Geologist for the Argentine Government (CNEA) for over 14 years • Discovered 10 million lb. Cerro Solo deposit • Formulated detailed regional exploration plan in 1979 – project was put on hold by the Argentine Government • Ide
Slide 10: Target Deposit Type Paleochannel
Target Deposit Type Paleochannel Advantages of Paleochannels • Located at or within a few metres from surface • Very low cost to explore • Very low cost to mine and develop • Large low grade deposits economically attractive Surface mining – cost effective Surface level Shallow deposit Generally 1 to
Slide 11: Rio Negro Discoveries Have District wide potential
Rio Negro Discoveries Have District wide potential BSK’s airborne radiometric surveys discovered two very large uranium channel targets with district wide importance. Santa Barbara 11 km mineralized trend TSX-V: BSK ANIT 11 15 km mineralized trend
Slide 12: ANIT Radiometric and Radon Gas Targets
ANIT Radiometric and Radon Gas Targets To date 5.2 km of strike length at ANIT has been tested within a 15 km radiometric anomaly. The width of the mineralization has not yet been tested. In addition to the radiometric target, 15 radon gas anomalies and numerous geochemical targets have yet to be te
Slide 13: ANIT Drill Results
ANIT Drill Results Of 97 holes reported 81 holes intersected mineralization above cut-off grade. The best intercept to date averaged 10 meters thickness at 0.036% U3O8 and 0.045% V2O5. The weighted average of intervals from all 81 mineralized drill holes was: 2.6 meter thickness 0.03% U3O8 0.075% V2
Slide 14: ANIT Pit Sampling Over Drill Results
ANIT Pit Sampling Over Drill Results Drill Results 25% of the 97 drill holes to date had pit sampling conducted over top of them to determine the optimum sampling method. Pit sampling greatly improved sample quality and returned grades on average significantly higher than the corresponding drill hol
Slide 15: Pit Sampling Technique
Pit Sampling Technique Pit sampling has proved to be very effective, accurate, and extremely cost effective. View from surface looking to depth. All pits have been excavated by hand. The average grade of from 83 pits covering over a strike length of 6km is 0.045% U3O8 within a 15 km long radiometric
Slide 16: ANIT 2010 Trenching Results
ANIT 2010 Trenching Results Trench 1 Trench 2 358 meters of 0.052% U3O8 and 0.159% V2O5 114 meters of 0.019% U3O8 and 0.082% V2O5 Trench 3 Trench 4 375 meters of 0.040% U3O8 and 0.057% V2O5 91 meters of 0.066% U3O8 and 0.071% V2O5 T-1 All trenches have a minimum 2 meter depth and bottom in mineraliz
Slide 17: ANIT Discovery
ANIT Discovery Paleochannels can provide low cost production and robust economics. AREVA purchased “Trekkopje and Klein Trekkopje” by paying USD $2.5 Billion to acquire Uramin Inc. The project is expected to be in production in 2010, with full production in 2011.Trekkopjes grades 0.013 % U3O8 and is
Slide 18: Argentina Excellent Infrastructure
Argentina Excellent Infrastructure • Region has very low population density • Elevation of 200 metres • Rainfall of 300 mm (12 inches) per year • Year-round exploration • 3 hr drive to city with 70,000 population • 200 km to deep sea port • Power nearby, rail access within 100 km TSX-V: BSK 18
Slide 19: Exploration Plans
Exploration Plans Rio Negro Province • Continue trenching, pitting and drilling at ANIT • Review 20,000+ square kilometre airborne radiometric survey • Acquire new ground prospective for uranium discoveries • Continue and expand regional surface exploration • Metallurgical testing at ANIT • Resource
Slide 20: Share Structure
Share Structure Issued and Outstanding 73,836,063 Total Warrants 16,891,939 Total Options 3,745,000 Fully Diluted 94,473,002 TSX-V: BSK Updated September 7, 2010 20
Slide 21: Corporate Head Office
Corporate Head Office Suite 709 – 837 West Hastings Street Vancouver, B.C., V6C 3N6 (604) 687-1828 T (604) 687-1858 F www.blueskyuranium.com info@blueskyuranium.com TSX-V: BSK Clean Energy Clean Future 21