Slide 1: Exploration Update Q1 2022
Exploration Update Q1 2022 Expansion at Red Willow TSXV: PTU/ OTCQB: PTUUF www.purepoint.ca www.purepoint.ca Q1 - 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: 2021 Programs
About Purepoint Re-Establishing Priorities Across the Athabasca Basin 2021 – 5 Programs Hook Lake JV Drilling continues to demonstrate mineralized trend along the Patterson Corridor Strategy shifting to Carter Corridor Red Willow Hinge Zone strong alteration; however, the radioactivity was weaker Ge
Slide 4: Re-Establishing Priorities Across the Athabasca Basin: 2022 Drilling
About Purepoint Re-Establishing Priorities Across the Athabasca Basin 2022 Drilling Currently Confirmed Red Willow Osprey Zone Following Up on: RW-19 0.12% U3O8 over 4.0 metres; and RW-40 0.47% over 1.5 metres Turnor Lake Untested Serin Conductor along LaRocque Corridor On trend with ISOEnergy’s Hur
Slide 5: Prices Moving in Tandem
About Purepoint Prices Moving in Tandem Toronto Listed Uranium Companies (27) % Price Changes Since Feb 1, 2021 (to Feb 28/22) Total Avg Stock Price Change Avg Spot U Change Producers (4) Developers (12) Explorers (11) Feb/21 Aug Feb/22 Feb/21 Aug Feb/22 Key Observations: Key Observations: ü Once SP
Slide 6: Capital Structure
About Purepoint Capital Structure Funded For Upcoming Exploration Schedule Share Price Change Since Feb 1, 2021 (5 Day Rolling Average) TSX Venture: PTU/ OTCQB: PTUUF Market Capitalization (as of February 28, 2022) $34.34mm 52 Week Range $0.195 - $0.075 Shares Outstanding 343.35 mm Options (@$0.09 w
Slide 7: 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 8: 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 9: 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 10: Osprey Zone
Red Willow Osprey Zone 100% owned Expanding the Discovery • Five of the seven holes drilled to date encountered anomalous uranium at a shallow depth from surface across a distance of 325 metres • The highest levels of radioactivity were seen in holes OSP22-04 and OSP22-06 which presented peak radiat
Slide 11: Osprey Zone
Red Willow Osprey Zone 100% owned Expanding the Discovery • The high levels of radioactivity in these initial drill holes are very similar to the mineralized setting we experienced near the Spitfire deposit at the Hook Lake JV Project and may demonstrate a system of widespread uranium mineralization
Slide 12: 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 13: 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 thrust fault At the Serin Conductor (setting similar to MacArthur River Deposit) www.purepoint.ca 13
Slide 14: A "Major" Exploration Project
Hook Lake A “Major” Exploration Project The Patterson Corridor is home to the largest uranium discoveries of this century, worldwide – NexGen’s Arrow Deposit & Fission’s Triple R Deposit Hook Lake Joint Venture 39.5% 21.0% 39.5% Operator www.purepoint.ca 14
Slide 15: Hook Lake
Hook Lake 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 Resource • 102,360,000 lbs U3O8 •
Slide 16: Hook Lake & The Carter Corridor
Hook Lake & The Carter Corridor Clearwater Domain Significant Learnings Sabre • Geological Setting Dragon • Rock Type Hornet Geological Survey of Canada* • Heat from Clearwater Domain mobilized oxygenated uranium • Mobilized uranium found long lived, reactivated faults • Uranium precipitation began
Slide 17: Hook Lake & The Carter Corridor
Hook Lake & The Carter Corridor Clearwater Domain Significant Learnings Sabre • Geological Setting Dragon • Rock Type Hornet Geological Survey of Canada* • Heat from Clearwater Domain mobilized oxygenated uranium • Mobilized uranium found long lived, reactivated faults • Uranium precipitation occure
Slide 18: Hook Lake & The Carter Corridor
Hook Lake & The Carter Corridor 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 discoverie
Slide 19: 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 19
Slide 20: 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 21: 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 22: Umfreville
Umfreville Umfreville Discovery on the First Hole 2021 Inaugural Drill Program: • DDH UMF21-01 returned 3.1 metres of 0.013% U3O8 • including 0.8 metre at 0.04% U3O8 Structural complexity: • Fond du Lac Fault ü Splits within magnetic low ü Numerous cross cutting faults • Soil Sample Survey ü High le
Slide 23: Henday
Henday Henday 100% owned Untested Target Among Numerous Discoveries Description: • During 2010, Purepoint conducted an airborne magnetic and electromagnetic survey and completed an initial interpretation • Electromagnetic conductors are on trend with an interpreted East-West alteration corridor whic
Slide 24: Henday
Henday Henday 100% owned Fall 2021 – Inaugural Drill Program 2021 Program: • Five (5) initial diamond drill holes at an average depth of approximately 450 to 500 metres each • Targeted electromagnetic conductors lie within an east-west- trending magnetic low, considered to represent pelitic basement
Slide 25: 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