Slide 1: Exploration Update Q2 2022
Exploration Update Q2 2022 Expansion at Red Willow TSXV: PTU/ OTCQB: PTUUF www.purepoint.ca www.purepoint.ca Q2 - 2022
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS Disclaimer The general information set out in this presentation regarding the uranium market, including but not limited to, the demand and supply of uranium, historical events that affected uranium pricing, the global state of the uranium market and other related informati
Slide 3: Re-Establishing Priorities Across the Athabasca Basin
About Purepoint Re-Establishing Priorities Across the Athabasca Basin 2022 Completed Red Willow Osprey Zone Follow Up on: RW-19 0.12% U3O8 over 4.0 metres; and RW-40 0.47% over 1.5 metres 12 holes, 2,088 metres 1.2 km continuous radioactivity along conductor target 2022 Confirmed Red Willow Osprey Z
Slide 4: Uranium's Bull Run
About Purepoint Uranium’s Bull Run Toronto Listed Uranium Companies (27) % Price Changes Since Dec 1, 2020 (to May 10/2022) February 2022 - Cameco’s results prompts August 2021 renewed excitement - Spot rises another 50% Long-Term Uranium Price - SPUT commenced regular Spot buying - Spot rises 50% D
Slide 5: Uranium's Bull Run
About Purepoint Uranium’s Bull Run Toronto Listed Uranium Companies (27) % Price Changes Since Dec 1, 2020 (to May 10/2022) Significant Volatility Demonstrated Amongst U Explorers Purepoint Reliably Represents the Sector Average www.purepoint.ca 5
Slide 6: Uranium's Bull Run
About Purepoint Uranium’s Bull Run Toronto Listed Uranium Companies (27) % Price Changes Since Dec 1, 2020 (to May 10/2022) March 2021 December 2021 April 2022 Careful, Strategic, $5,000,000 $1,500,000 $3,500,000 $0.105 $0.14 $0.14 Well Priced Private Placements Current Cash Balance $5,500,000 $2.5M
Slide 7: Capital Structure
About Purepoint Capital Structure Fully Funded For Upcoming Exploration Schedule Share Price Change Since Dec 1, 2020 (5 Day Rolling Average) TSX Venture: PTU/ OTCQB: PTUUF Market Capitalization (as of May 10, 2022) $27.63mm 52 Week Range $0.195 - $0.065 Shares Outstanding 368.84 mm Options (@$0.09
Slide 8: Deep Portfolio of Advanced and Highly Prospective Projects
Athabasca Basin Deep Portfolio of Advanced and Highly Portfolio Prospective Projects Since 2002, Purepoint has acquired and explored over 500,000 hectares of property across the Athabasca Basin, quickly and efficiently releasing those demonstrating the fewest prospects. What remains is a collection
Slide 9: Portfolio of Projects in the Athabasca Basin
Athabasca Basin Portfolio of Projects in the Athabasca Basin Portfolio Nearly 200,000 hectares covering all stages of the exploration cycle Umfreville 18,273 ha Turnor Lake 9,705 ha Carson Lake 4,972 ha Red Willow 40,116 ha Henday 1,029 ha Russel South 13,320 ha Smart Lake 9,800 ha Tabbernor Block •
Slide 10: Red Willow
Red Willow Red Willow 100% owned A Host of Ready Targets Topping Island Golden Eye Zone CBA Zone Description: • 22 mineral claims having a total area of Osprey Zone 40,116 hectares • 100% Owned Geneva Lyon Lake Zone • 2022 Drill Program: Zone • Priority targets • Osprey Zone Dancing Lake Zones • Gen
Slide 11: Osprey Zone
Red Willow Osprey Zone 100% owned Expanding the Discovery • 12 holes were completed this winter totaling 2,088 metres at the Osprey Zone • Nine of the twelve holes encountered anomalous radioactivity at a shallow depth from surface across a distance of 1.2 kilometres • The electromagnetic conductor
Slide 12: Osprey Zone
Red Willow Osprey Zone 100% owned Expanding the Discovery 1.5 km untested conductor Priority follow up on last hole OSP22-15 which encountered numerous structures with hematite alteration and silicification 1.2 km continuous radioactive lenses 1.0 km untested conductor www.purepoint.ca 12
Slide 13: Hook Lake JV
Hook Lake JV Cameco/Orano/Purepoint Purepoint’s Spitfire Deposit . • Resource not defined • Results include 10.3% U3O8 over 10.0 metres . . NexGen’s Arrow Deposit • 2018 PFS . • Indicated Resource • 256,600,000 lbs U3O8 • Avg Grade 4.03% U3O8 Fission’s Triple R Deposit • 2019 PFS • Indicated Resourc
Slide 14: Spitfire Deposit
Hook Lake JV Spitfire Deposit Cameco/Orano/Purepoint www.purepoint.ca 14
Slide 15: Patterson Model
Hook Lake JV Patterson Model Cameco/Orano/Purepoint Generic Model Fission’s – Triple R Deposit Purepoint’s – Spitfire Deposit NexGen’s – Arrow Deposit www.purepoint.ca 15
Slide 16: Hook Lake JV
Hook Lake JV Cameco/Orano/Purepoint Carter Corridor Clearwater Domain • 25km band of graphitic conductors Carter • Ideal Rock Type Corridor • Extremely close to hydrothermal heat source (Clearwater Domain) • Complex, long-lived faulting pattern 2008 Purepoint Drilling • Predates any Patterson discov
Slide 17: Significant Geophysics Completed
Hook Lake JV Significant Geophysics Completed Cameco/Orano/Purepoint ZTEM Deep Sensing survey soon underway across northern extension of Carter – tying onto all previous work VTEM Results VTEM Mag Results Stepwise Moving Loop EM Surveys • Arrow and Spitfire are associated with conductor flexures str
Slide 18: Turnor Lake
Turnor Lake Turnor Lake 100% owned Drilling to Date Has Identified a Large Region of Elevated Uranium IsoEnergy’s Hurricane Zone 33.9% U3O8 over 8.5 m Purepoint IsoEnergy Denison ddh OD-1 0.06% U3O8 over 3.4 m Description: La Roque Showing • 9,706 hectares situated in the 29.9% U3O8 over 7.0 m easte
Slide 19: Turnor Lake
Turnor Lake Turnor Lake 100% owned Drilling to Date Has Identified a Large Region of Elevated Uranium Serin Conductor SEISMIC LINE SMDC 1985 Seismic survey interpreted a 150m fault at the Serin Conductor (setting similar to MacArthur River Deposit) www.purepoint.ca 19
Slide 20: Aggressive Exploration Work Underway
About Purepoint Aggressive Exploration Work Underway Exploration Pipeline High Level Plan subject to change based on seasonal weather conditions Project Q1 2022 Q2 2022 Q3 2022 Q4 2022 1.2 km of continuous Drilling Completed Fall drill program Red Willow (2,088m in 12 holes) radioactivity discovered
Slide 21: Contact
Contact www.purepoint.ca Chris Frostad, President & CEO Twitter @PurepointU3O8 E: cfrostad@purepoint.ca T: +1.416.603.8368 LinkedIn @Purepoint-Uranium Jeanny So, Corporate Communications info@jeannyso.com T: +1.647.202.0994 YouTube @Purepoint Uranium www.purepoint.ca 21
Slide 22: Smart Lake
Smart Lake Smart Lake JV with Cameco In Partnership with Cameco Description: • 9,860 hectares situated in the southwestern portion of the Athabasca Basin • Joint Venture: • Purepoint – 27% • Cameco – 73% • Only one first pass drill program to date (by Purepoint) • Mineralization identified in first
Slide 23: Smart Lake
Smart Lake Smart Lake JV with Cameco In Partnership with Cameco Description: • Staked originally by Cameco due to its direct geological connection to the Shea Creek Deposits to the Max. grade of 58.3% U3O8 over 3.5m north • Smart Lake conductors seen as an extension of the Saskatoon Lake conductor s
Slide 24: Highly Qualified Leadership Team
About Purepoint Highly Qualified Leadership Team With Decades of Experience in the Basin Chris Frostad, BBA, CA, CPA - President & CEO and Director Linda Tong, GIS Specialist • 35+ years of experience in the development and building a variety of high growth, • 20+ years of experience in GIS applicat