Slide 1: A Compelling Exploration Advantage: Investing in Canada's Uranium Exploration
A COMPELLING EXPLORATION ADVANTAGE: INVESTING IN CANADA’S URANIUM EXPLORATION TSXV: PTU | OTCQB: PTUUF Q2 2024
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: Capital Structure
CAPITAL STRUCTURE Fully funded for upcoming exploration schedule Share Price Change Since Dec 1, 2022 (5 Day Rolling Average) TSX Venture: PTU | OTCQB: PTUUF Market Capitalization ($Cdn as of April 1, 2024) $25.04mm 52 Week Range $0.075 - $0.03 Shares Outstanding 500.72 mm Incentive U price required
Slide 4: Deep Portfolio of Advanced Drill Ready Projects
DEEP PORTFOLIO OF ADVANCED DRILL READY PROJECTS Highly 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 of well u
Slide 5: Deep Portfolio of Advanced Drill Ready Projects
DEEP PORTFOLIO OF ADVANCED DRILL READY PROJECTS Nine highly prospective projects TSXV: PTU | OTCQB: PTUUF 5
Slide 6: Hook Lake JV
HOOK LAKE JV Cameco | Orano | Purepoint Joint Venture Breakdown Next Steps • Cameco: 39.5% • Orano: 39.5% • Follow-up drill program at Carter Corridor for • Purepoint: 21.0% 2024 winter program • As the operator, Purepoint earns a 10% • The 25-kilometre strike length of the Carter management fee str
Slide 7: Hook Lake JV
HOOK LAKE JV Cameco | Orano | Purepoint Purepoint’s Spitfire Discovery . • 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 • 2022 Resource Est. • I
Slide 8: Carter Corridor / Clearwater Domain
Carter Corridor Clearwater • 25km band of graphitic conductors Domain • Ideal Rock Type Carter Corridor • Extremely close to hydrothermal heat source (Clearwater Domain) Lightning Zone • Complex, long-lived faulting pattern 2023/2024 Last 12 Months Drilling • 8,042m across 10 holes • 5-800m step out
Slide 9: Drill Results
> =9 ¹ 600000 602000 604000 > = > 9 =9 > = 9 AA > =9 > = 9 6400000 6400000 A > = 9 > = 9 > = 9 > = > = 9 9 > = ! H 9 > = > = CRT23-05 9 9 Drill Results > = > ! ( 9 A =9 0.08% U 3O8 > = = 9 CRT23-06 over 0.4 m >9 > = = 9 > =9 • Diamond drill hole CRT23-05 returned 9 > > A =9 ct . orp ! H CRT23-04 0.0
Slide 10: 2024: Discovery of the Lightning Zone
2024: Discovery of the Lightning Zone • CRT24-10 intersected a 13 m wide zone of altered brecciation and shearing that returned 0.29% U3O8 over 0.9 metres (at a true vertical depth of 375 metres), including 0.68% U3O8 over 0.3 metre. • CRT24-08A, a 200 metre step out from CRT23-05 towards the northe
Slide 11: 100% Owned Turnor Lake Project
100% OWNED TURNOR LAKE PROJECT Drilling to date has identified a large region of elevated uranium Description Next Steps • 9,706 hectares situated in the easter plane of the • Results from 2 drill holes drilled at Athabasca Basin Turnor Lake during fall 2022 will be • 100% owned used to re-interpret
Slide 12: 100% Owned Turnor Lake Project
100% OWNED TURNOR LAKE PROJECT Drilling to date has identified a large region of elevated uranium Cameco DDH KER-17 0.09% U3O8 over 0.5m at unconformity Denison RL13-16 0.45% U3O8 over 2.3m IsoEnergy’s Hurricane Deposit 48.61MM lbs U3O8 @ 34.5% Purepoint IsoEnergy Denison ddh OD-1 0.06% U3O8 over 3.
Slide 13: 100% Owned Turnor Lake Project
100% OWNED TURNOR LAKE PROJECT Drilling to date has identified a large region of elevated uranium Description: • 9,706 hectares situated in the eastern plane of the Athabasca Basin • 100% Owned • Assessment held until: August 2031 TSXV: PTU | OTCQB: PTUUF 13
Slide 14: 100% Owned Turnor Lake Project
100% OWNED TURNOR LAKE PROJECT Drilling to date has identified a large region of elevated uranium Serin Zone Laysan Zone Description: • 9,706 hectares situated in the eastern plane of the Athabasca Basin Turaco Zone • 100% Owned • Assessment held until: August 2031 Turnor Lake Zone TSXV: PTU | OTCQB
Slide 15: 100% Owned Red Willow Project
100% OWNED RED WILLOW PROJECT A host of ready targets Description Next Steps • 22 mineral claims for a total of • Prospecting and field checking of 40,116 hectares Dancing Lake, Long Lake, Topping • 100% owned Island, Golden Eye, Ghost Lake, Horse • 2022/23 winter drill program Lake, Boundary, Jeffr
Slide 16: 100% Owned Red Willow
100% OWNED RED WILLOW ~10km NE of Orano’s JEB Mine & ~10km N of Cameco’s Eagle Point Mine Topping Island Golden Eye Jeffrey Description: Dancing Lake • 22 mineral claims with a total area of 40,116 hectares Osprey Dominic • 100% Owned Boundary Geneva • 2023 Fall Drill Program: Long Lake • 9 priority
Slide 17: Smart Lake Joint Venture
SMART LAKE JOINT VENTURE Due south of some of the Basin’s largest uranium deposits Description Next Steps • 9,860 hectares ~18 km west-northwest of • Follow-up airborne geophysics and Hook Lake JV and ~60km south-southwest of geological field mapping is planned for Orano’s former Cluff Lake Mine 202
Slide 18: Smart Lake
Smart Lake JV with Cameco Corp. • Geologically connected to the Shea Creek Deposit • The Smart Lake targets represent the southern end of the “Saskatoon Lake Conductor: displaced along the Beaty River Fault • Early drilling by the JV partners, intersected basement-hosted uranium mineralization assoc
Slide 19: 100% Owned Tabbernor Project
100% OWNED TABBERNOR PROJECT Due south of some of the Basin’s largest uranium deposits Description Next Steps • 70,598 hectares situated just outside of the • Follow-up airborne geophysics and Athabasca Basin and due south of some of the geological field mapping Basin’s largest uranium deposits • 10
Slide 20: 100% Owned Tabbernor Project
100% OWNED TABBERNOR PROJECT Located within the Tabbernor Fault System Tabbernor Fault System (TFS) • The TFS is a wide, >1500 km geophysical, topographic and geological structural zone • It hosts over 80 historic mines and gold occurrences, as well as cross cuts the Basin’s mine trend aligning itse
Slide 21: Compelling Exploration Upside
COMPELLING EXPLORATION UPSIDE Exploration discovery delivers the most dramatic inflection point in resource value Timing Project Activity April 2024 Hook Lake Drill program complete - initial results Carefully Assembled Athabasca Basin Portfolio Russell South Commencement of Airborne Gravity survey
Slide 22: Highly Qualified Leadership Team
HIGHLY QUALIFIED LEADERSHIP TEAM With decades of experience in the Athabasca 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 • 20+ years of experience in GIS application, GIS developmen
Slide 23: Highly Qualified Leadership Team
HIGHLY QUALIFIED LEADERSHIP TEAM With decades of experience in the Athabasca Basin Allan Beach, BA. LLB, Director and Corporate Secretary Chris Frostad, BBA, CA, CPA - President & CEO and Director • Former partner Fasken Martineau DuMoulin LLP, with over • 35+ years of experience in the development
Slide 24: Stay Informed on News & Events Shaping the Uranium Market
STAY INFORMED ON NEWS & EVENTS SHAPING THE URANIUM MARKET PTU Monthly Uranium Uranium Spotlight Exploration Newsletter Weekly Podcast Chris Frostad, President & CEO cfrostad@purepoint.ca T: +1.416.603.8368 Jeanny So, Corporate Communications info@jeannyso.com T: +1.647.202.0994 www.purepoint.ca Twit