A Premier Uranium Explorer in Canadas Athabasca Basin MARCH 2018 | - - PowerPoint PPT Presentation

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A Premier Uranium Explorer in Canadas Athabasca Basin MARCH 2018 | - - PowerPoint PPT Presentation

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A Premier Uranium Explorer in Canadas Athabasca Basin MARCH 2018 | TSXV: AL | FSE: 6LLN | OTC: ALXEF | www.alxuranium.com A Premier Uranium Explorer in Canadas Athabasca Basin Disclaimer: This presentation has been prepared by ALX Uranium

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A Premier Uranium Explorer in Canada’s Athabasca Basin

MARCH 2018 | TSXV: AL | FSE: 6LLN | OTC: ALXEF | www.alxuranium.com

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A Premier Uranium Explorer in Canada’s Athabasca Basin

Disclaimer: This presentation has been prepared by ALX Uranium Corp. (“ALX”) using its best efforts to realistically and factually present the information contained herein. However, subjective opinion, dependence upon factors outside ALX’s control, and

  • utside information sources unavoidably dictate that ALX cannot warrant the

information contained to be exhaustive, complete or sufficient. In addition, many factors can affect the presentation which could significantly alter the results intended by ALX, rendering the presentation unattainable or substantially altered. Therefore, interested readers should conduct their own assessment and consult with their own professional advisors prior to making any investment decisions. This presentation does not constitute a prospectus or public offering for financing, and no guarantees are made or implied with regard to the success of ALX’s proposed ventures. Technical information has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the Company by Sierd Eriks, P.Geo., President and Chief Geologist, who is a Qualified Person.

TSXV: AL | FSE: 6LLN | OTC: ALXEF | www.alxuranium.com 2

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TSXV: AL | FSE: 6LLN | OTC: ALXEF | www.alxuranium.com

A Premier Uranium Explorer in Canada’s Athabasca Basin

ALX’s objective is to provide shareholders with multiple opportunities for discovery and value creation by building and optimizing a portfolio of prospective uranium exploration properties through staking, joint ventures, acquisitions and divestitures. ALX executes well-designed exploration programs using the latest tools and technologies.

About ALX Uranium (TSXV: AL)

The World’s Most Prolific Uranium Area

  • High-grade deposits, low cost per kg of U3O8
  • Well-established infrastructure
  • Low geopolitical risk

The Athabasca Basin

Saskatchewan

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TSXV: AL | FSE: 6LLN | OTC: ALXEF | www.alxuranium.com

Investment Highlights

  • An organized team with extensive technical and field

experience in the Athabasca Basin

  • Projects with drill-ready targets on trend with existing

discoveries

  • One of the strongest portfolios of uranium properties

in the Athabasca Basin totaling over 200,000 hectares

  • 20% interest in the Hook-Carter project, with 80%

holder Denison Mines Corp. agreeing to fund ALX’s share of the first CAD$12M in expenditures on the property

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A Premier Uranium Explorer in Canada’s Athabasca Basin

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Corporate Structure:

(as of March 1, 2018)

TSXV: AL | FSE: 6LLN | OTC: ALXEF | www.alxuranium.com

Strong board/team with a successful track record in uranium exploration, marketing, finance and governance.

Officers, Directors and Management

Warren Stanyer

Chairman and CEO

  • R. Sierd Eriks, P.Geo.

President and Chief Geologist

Jody Dahrouge, B.Sc., P. Geol.

Director

  • Dr. Howard Haugom, Ph.D.

Director

David Miller, B.S., Reg Prof GEO WY

Director

Jean-Jacques Gautrot

Director

Patrick Groening CPA, CA

CFO

Christina Boddy

Corporate Secretary

Roger Leschuk, CIM, FCSI

Manager, Corporate Communications

Charles Roy, P.Eng., P.Geo.

Chairman Technical Committee

Donald Wright, M.Sc., P.Geo.

Technical Advisor

Ken Wasyliuk, M.Sc., P.Geo.

Technical Advisor

Steve Kahn, B.Sc., MBA, CFA

Strategic Advisor

Lon Shaver, CFA

Advisory Board

Shares Outstanding: 81,091,422 Stock Options: 6,450,000 Warrants: 19,025,000 Broker Warrants: 17,600

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52-week range: $0.065 - $0.14

A Premier Uranium Explorer in Canada’s Athabasca Basin

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A pre-requisite for successful exploration…

“A positive attitude causes a chain reaction of positive thoughts, events and

  • utcomes. It is a catalyst and

it sparks extraordinary results.”

Wade Boggs, 12-time MLB All-Star

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Boggs’ 2,000th hit – May 17, 1992

A Premier Uranium Explorer in Canada’s Athabasca Basin

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ALX’s Properties in the Athabasca Basin, SK

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Evolution of Athabasca Basin Exploration: 1970s

  • Drilling at the Midwest project in 1970 targeted sandstone-hosted uranium,

which led to an infamous near-miss – 8 more years passed until discovery

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!

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Evolution of Athabasca Basin Exploration: 1980s

  • Exploration in the 1980s targeted unconformity-type uranium, which led to several

major discoveries but did not target deep, basement hosted mineralization

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Evolution of Athabasca Basin Exploration: 2000→

  • Exploration since 2000 has targeted deeper basement-hosted uranium, which

has been found deeper than was previously thought possible

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Hook-Carter Property: On Trend and On Target

  • 20,522 ha
  • Covers north

extent of the Patterson Lake, Derkson and Carter Corridors Triple R Deposits

87.8 million lbs @ 1.82% U3O8 (Indicated) 52.9 million lbs @ 1.80% U3O8 (Inferred)

Arrow Deposit

179.5 million lbs @6.88% U3O8 (Indicated) 122.1 million lbs @1.30% U3O8 (Inferred)

Spitfire Zone

Hole HK16-53: 10 metres @10.3% U3O8

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20% ALX - 80% Denison Mines

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Hook-Carter Property: On Trend and On Target

  • Regional drilling

totals over 300,000 metres

  • Historical drilling

at Hook-Carter totals 4,451 metres with large gaps between drill holes

  • Denison plans

up to 10,000 metres of drilling along the Patterson Lake Corridor (“PLC”) in 2018

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Hook-Carter Property: On Trend and On Target

  • Denison

selected the 2018 drill targets from integration

  • f 2017 MLTEM

and IP/Resistivity surveys

  • 17 holes are

planned, with drilling underway as of February 2018

  • This is the first

concentrated drill test of the PLC on Hook- Carter

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Newnham Lake Property: New Ideas at Work

  • 100% ALX, 11,737

ha at the NE margin of the Athabasca Basin

  • 1970s-1980s

drilling found anomalous U in drill holes but holes average

  • nly 30 m into

unconformity

  • Sandstone cover

is less than 100 m

  • New, deep targets

identified

  • 2018 drilling

program planned: 1,700 m in 5 holes

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Black Lake Property

  • ALX can earn up to 75% from

UEX Corporation

  • 30,294 ha hosting a >30 km-

long conductive system

  • Located on NE margin of the

Athabasca Basin

  • Moderate depth sandstone

cover (170 m - 600 m to unconformity)

  • Geophysical exploration and

historical drilling has intersected multiple uranium occurrences in drill holes since 2004 (best hole: BL-18, 0.7% U3O8 over 4.0 m)

  • ALX 2017 drilling intersected

pitchblende in drill core

  • 2018 work plans pending – new

targets are being developed

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Lazy Edward Bay Property

  • 100% ALX, 23,241 ha
  • Located on southern margin of

the Athabasca Basin

  • Relatively shallow sandstone

cover (0 - 190 m to unconformity)

  • Geophysical and geochemical

exploration has defined drill targets on over 38 line-km of conductors

  • Recent work by ALX includes

radon surveys that defined an large anomaly along conductors

  • 2018 work plan includes a low-

level airborne radiometric and magnetic survey of 4,000 line-km

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Lazy Edward Bay Property – Radiometric Survey

  • A radiometric

anomaly was found at Patterson Lake South (“PLS”) by Fission Energy Corp. in 2009 using an airborne low-level radiometric and magnetic survey

  • Survey detected

buried high-grade U boulders at PLS leading to discovery

  • f Triple R deposit

in Nov. 2012

  • 2018 survey at Lazy

Edward Bay will utilize the same survey method

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(From Fission Energy presentation, 2013)

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Perch Project

  • 100% ALX, 4,896 ha
  • Over 6 km of

conductors

  • Anomalous U

values in two historical drill holes

  • Shallow depth to

unconformity (0 - 100 m)

  • Previous work

includes a ground gravity survey and reinterpretation of

  • prev. geophysics
  • 2018 work includes

a ground geophysical EM survey

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New Projects

  • ALX reviewed historical data and identified several areas for acquisitions
  • 8 new properties were acquired by staking, and new claims were also added

to existing projects

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New Projects - Argo

  • Conductor trace (~1.5 km) emerged from ALX’s use of leading-edge

modeling techniques

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~1.5 km

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Upcoming Work In 2018

  • Hook-Carter: Diamond

drilling of 10,000 metres in up to 17 holes is underway testing numerous priority targets generated from recent geophysical surveys

  • Newnham Lake:

Diamond drilling of 1,700 metres in up to 5 holes is planned, testing for deeper, basement-hosted mineralization

  • Lazy Edward Bay: A low-

level airborne radiometric and magnetic survey totalling up to 4,000 line kilometres

  • Perch: A ground

electromagnetic geophysical survey

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TSXV: AL | FSE: 6LLN | OTC: ALXEF | www.alxuranium.com

A Premier Uranium Explorer in Canada’s Athabasca Basin

Make Contact:

ALX URANIUM CORP. Phone: 604.629.0293 Toll Free: 1.866.629.8368 www.alxuranium.com info@alxuranium.com Roger Leschuk, CIM, FCSI Manager, Corporate Communications Phone: 604.629.0293 rleschuk@alxuranium.com

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