corporate presentation updated nov 12, 2015

TSX: UEX | www.uex-corporation.com

UEX Corporation

Corporate Presentation

Energy for the FutureTSX:UEX

www.uex-corporation.comUEX.T | UXO.F | UEXCF.PK


Forward-Looking StatementsFORWARD-LOOKING INFORMATION AND STATEMENTS:Certain statements and other information contained in this presentation may constitute “forward-looking information” within the meaning of applicable Canadian securitieslegislation or constitute “forward-looking statements” within the meaning of applicable United States securities legislation. Such information and statements are based onUEX's current expectations, estimates, forecasts and projections. These forward-looking statements include statements regarding UEX‘s outlook for our future operations,plans and timing for exploration activities, and other expectations, intentions and plans that are not historical fact. Statements concerning mineral resource estimates mayalso constitute forward-looking statements to the extent they estimate mineralization that will be encountered if the property is developed. Such forward-looking statementsare based on certain factors and assumptions and are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future resultsexpressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially from UEX's expectations include uncertaintiesrelating to interpretation of drill results and geology, additional drilling results, continuity and grade of deposits, participation in joint ventures, reliance on other companies asoperators, public acceptance of uranium as an energy source, fluctuations in uranium prices and currency exchange rates, changes in environmental and other laws affectinguranium exploration and mining, and other risks and uncertainties disclosed in UEX's Annual Information Form and other filings with the applicable securities commissions inCanada. Many of these factors are beyond the control of UEX. Consequently, all forward-looking statements made herein are qualified by this cautionary statement and therecan be no assurance that actual results or developments anticipated by UEX will be realized. For the reasons set forth above, investors should not place undue reliance on suchforward-looking statements. Except as required by applicable law, UEX disclaims any intention or obligation to update or revise forward-looking information, whether as a resultof new information, future events or otherwise.

NOTICE TO U.S. PERSONS:The information in this presentation has been prepared in accordance with the requirements of Canadian securities laws, which differ from the requirements of United Statessecurities laws. Information, including scientific or technical information, has been prepared in accordance with National Instrument 43-101 - Standards of Disclosure forMineral Projects (“N.I. 43-101”). N.I. 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makesof scientific and technical information concerning mineral projects. Canadian standards, including N.I. 43-101, differ significantly from the requirements of the SEC. Forexample, the terms “indicated mineral resources” and “inferred mineral resources” are used in this publication to comply with the reporting standards in Canada. While thoseterms are recognized and required by Canadian regulations, the SEC does not recognize them. Under United States standards, mineralization may not be classified as a“reserve” unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination ismade. Readers should understand that “indicated mineral resources” and “inferred mineral resources” have a great amount of uncertainty as to their existence and as to theireconomic and legal feasibility. Readers are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into mineral reserves.In accordance with Canadian rules, estimates of “inferred mineral resources” cannot form the basis of feasibility or other economic studies. In addition, the definitions of provenand probable mineral reserves used in N.I. 43-101 differ from the definitions in the SEC Industry Guide 7. Disclosure of “contained pounds” is permitted disclosure underCanadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute reserves as in place tonnage and grade withoutreference to unit measures. Accordingly, information contained in this publication describing the Company's mineral properties may not be comparable to similar informationmade public by U.S. companies subject to the reporting and disclosure requirements under the United States federal securities laws and the rules and regulations thereunder.

QUALIFIED PERSON:Technical information in this presentation has been reviewed and approved by Roger Lemaitre, P.Eng., P.Geo., UEX’s President and CEO, who is a Qualified Person as defined byN.I. 43-101.

2


Value CreationOur existing pounds are ready

We have an enviable portfolio for future discoveries

When the market is ready, we have long-standing partnerships with Cameco and AREVA

3


Need for Uranium

- Nuclear Power = 17% of current global electricity generation.- A minimum of 20% growth in total operating reactors by 2030 is expected.- Currently: 432 reactors are operable, 65 reactors under construction (25 in

China, 6 in India) and 6 new reactors have come online in 2015 alone.

- Population and industrialization in developing countries are growing.- World electricity demand is expected to double in the next 20 years.- There is a need for reliable, green, zero emission energy.

- There is a fundamental shortfall in uranium looming.- Uranium is the only commodity in the world where mine supply has not

met demand in over 30 years.

4


Uranium in Saskatchewan

- Continuous uranium mining since 1953.

- 100% of Canada’s current uranium production.

- 16% of world uranium production (2014 est.).

- 4 operating uranium mines.

- 3 operating uranium mills.

- Stable operating environment (taxes, royalties and environmental).

- Skilled local workforce, experienced in uranium.

- Local communities support uranium mining in the Athabasca Basin.

ATHABASCABASIN

5


Company OverviewThe UEX Corporation mantra:

SMART EXPLORATION LEAN OPERATION

Think while exploring and change course if/when

necessary.

Where appropriate, use contractors and have a

small management team.

Corporate Office: VancouverLegal Counsel: Koffman Kalef (Vancouver)Auditors: KPMG (Vancouver)

Western Athabasca Projects:AREVA 50.9% Project OperatorUEX 49.1% JV PartnerIncludes Shea Creek deposits

100% owned Eastern Athabasca ProjectsIncludes Hidden Bay deposits

Athabasca Basin

Vancouver, BC

Saskatoon, SK

UEX Exploration Office/Warehouse

We have:

NI 43-101 RESOURCES

Unparalleled mid-stage exploration targets.

6


Company Evolution

2001

2016

2002

2004

2007

2008

2009

2010

2011

2014

2013

- Incorporated under the CBCA. Pioneer Metals shareholders 60%, Cameco 40%. CEO: Stephen Sorensen.

- Initial Public Offering on the Toronto Stock Exchange.

- Agreement with Japan Canada Uranium (JCU) to earn 25% interest in Beatty River.

- Agreement signed with COGEMA (now AREVA) to earn a 49% interest in the Western Athabasca uranium projects by spending $30 million on exploration.

- Completed 49% earn-in on the Western Athabasca projects from AREVA ahead of schedule.

- NI 43-101 mineral resource estimate for Horseshoe.

- NI 43-101 mineral resource estimate for Raven. CEO: Graham Thody.

- NI 43-101 mineral resource estimate for Shea Creek. Discovery of the 58B Deposit.

- Preliminary Economic Assessment completed on Raven and Horseshoe deposits. Kianna deposit extended.

- Increased resource estimate for Shea Creek. Additional earn-in agreement with AREVA on the Western Athabasca projects.

- CEO: Roger Lemaitre. Hidden Bay historical Database and Core Review.

- Initial Hidden Bay Basement Targeting Program at Wolf Lake and Dwyer Lake.

- Mine development at Hidden Bay.

- Complete studies for PFS at Hidden Bay.

- Negotiate toll milling agreement for Raven and Horseshoe deposits.

- PEA/development at Shea Creek.

- Sustained increase in uranium price needed to justify the advancement of existing deposits.

- Investigating potential acquisitions.

- Find new deposits at Hidden Bay utilizing innovative basement targeting program.

- Find new deposits at Western Athabasca.

INTO THE FUTURE

2006 - Discovery of the Kianna Deposit.

2015

7

2005 - Drilling on the two existing deposits at Shea Creek: Anne and Collette.

2012 - Kianna deposit extended.


Board of DirectorsColin Macdonald, M.Sc.- Chairman of the Board- Independent Director- 30,000 shares owned- Director since 2001

Mark Eaton- Compensation Committee Chair- Independent Director- 408,500 shares owned- Director since 2008

Graham Thody, CPA, CA- Former CEO of UEX to January 2014- Non Independent Director- 826,000 shares owned- Director since 2001

Emmet McGrath, CPA, CA- Audit Committee Chair- Independent Director- 22,000 shares owned- Director since 2009

Roger Lemaitre, P.Eng., P.Geo.- CEO of UEX Corporation- Non Independent Director- 87,000 shares owned- Director since 2014

Suraj Ahuja, M.Sc., P.Geo.- Corporate Governance Committee Chair- Independent Director- 25,000 shares owned- Director since 2004

Public Company Leadership Experience

Accounting/FinancialReporting Experience

Corporate Governance & PublicCompany Board Experience

Geological/TechnicalExperience in Uranium Sector

Capital Markets Experience

Mergers & Acquisitions/Strategic Experience

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Management & Advisory Board

Ed Boney, CPA, CA Nan Lee, M.Sc., P.Eng. Roger Lemaitre, P.Eng., P.Geo., MBA, M.Sc. (Applied), B.Sc. (Applied)- CFO & Corporate Secretary

- With UEX since 2011- 162,500 Shares owned

- VP Project Development- With UEX since 2011- 25,000 shares owned

- President & CEO, Director- With UEX since 2014- 87,000 shares owned

Walter Segsworth, B.Sc.- Management Advisory Board- Mining Engineer- Former Homestake CEO, prior - to acquisition by Barrick

David Rhys, M.Sc., P.Geo.- Management Advisory Board- Structural Geologist- Significant uranium sector

experience

9


Corporate Summary

10

Issued and Outstanding Fully Diluted - Options- Weighted Average Exercise Price for Options - Warrants Share Price (October 28, 2015)Market CapitalizationDaily Trading Volume (3 month average)

246,015,069263,331,06917,316,000

$ 0.79Nil

$ 0.12$ 29,521,808

470,624

SHARES

INSIDERS

CASH POSITION

Cameco CorporationCurrent/Retired Management & DirectorsTotal Insiders

20.33%1.46%

21.79%

As at October 31, 2015 (estimated) $ 5.2 million

0.00

0.05

0.10

0.15

0.20

0.25

0.30

0.35

0.40

Oct 2

014

Nov

2014

Dec

2014

Jan

2015

Feb

2015

Mar

201

5

Apr 2

015

May

201

5

Jun

2015

Jul 2

015

Aug

2015

Sep

2015

Oct 2

015

UEX

Shar

e Pr

ice

$ (C

AD)

UEX Share Price

SIGNIFICANT SHAREHOLDERGlobal X Uranium ETF 5.70%


The Athabasca Basin

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NI 43-101 Resources

0

5

10

15

20

25

30

35

40

Shea Creek (UEX's 49.1% share) Hidden Bay

33.22

36.62

13.84

2.72

Mill

ions

of p

ound

s of

U3O

8

Millions of Pounds of U3O8 by Project

69.8416.56

Millions of Pounds of U3O8by NI 43-101 Category

UEX Corporation - Indicated Resources UEX Corporation - Inferred Resources

Deposit

SHEA CREEK - Indicated Category SHEA CREEK - Inferred Category

at 0.30% U3O8 Cut-off at 0.30% U3O8 Cut-off

TonnesGrade U3O8

(%)

U3O8

TonnesGrade U3O8

(%)

U3O8

(lbs) (lbs)

Kianna* 1,034,500 1.526 34,805,000 560,700 1.364 16,867,000

Anne* 564,000 1.992 24,760,000 134,900 0.88 2,617,000

Colette* 327,800 0.786 5,680,000 493,200 0.716 7,780,000

58B* 141,600 0.774 2,417,000 83,400 0.505 928,000

Total* 2,067,900 1.484 67,663,000 1,272,200 1.005 28,192,000

Deposit

HIDDEN BAY - Indicated Category HIDDEN BAY - Inferred Category

at 0.05% U3O8 Cut-off at 0.05% U3O8 Cut-off

TonnesGrade U3O8

(%)

U3O8

TonnesGrade U3O8

(%)

U3O8

(lbs) (lbs)

Horseshoe 5,119,700 0.203 22,895,000 287,000 0.166 1,049,000

Raven 5,173,900 0.107 12,149,000 822,200 0.092 1,666,000

West Bear 78,900 0.908 1,579,000 - - -

Total 10,372,500 0.16 36,623,000 1,109,200 0.111 2,715,000

*Joint venture with 49.1% UEX/ 50.9% AREVA ownership• Based upon NI 43-101 Technical Report: TECHNICAL REPORT ON THE SHEA

CREEK PROPERTY, NORTHERN SASKATCHEWAN, WITH AN UPDATED MINERAL RESOURCE ESTIMATE MAY 2013

12

• Based upon NI 43-101 Technical Report: PRELIMINARY ASSESSMENT TECHNICAL REPORT ON THE HORSESHOE AND RAVEN DEPOSITS HIDDEN BAY PROJECT SASKATCHEWAN CANADA FEBRUARY 2011.


Project TimelinesResources

NI 43-101 & growth

PEA Development Production Closure

Raven and Horseshoe Deposits

Exploration- Brownfields

Resources NI 43-101 &

growthPEA

Kianna, Anne, 58B and Collette Deposits

Exploration- Brownfields

Resources NI 43-101 &

growth

- To move forward, the price of uranium needs to be US$65 - $70 /lb.- The PEA proposed 7 year mine life, with toll milling at Cameco’s

Rabbit Lake mill.

- To move forward enough pounds must exist to support a mill on its own or regionally in the Western Athabasca Basin.

- To move forward, the price of uranium needs to be US$65 - $70 /lb.

Exploration- Greenfields- Mid-stage- Brownfields

Hidden Bay Basement Targeting Program & Shea Creek Follow-up on SHE-2

Exploration- Mid-stage

- To move forward, we must find more mineralized intercepts and deposit indicators, and have successful follow-up drilling programs to define new deposits that could lead to new NI 43-101 resource estimates.

Western Athabasca and Other Projects

Exploration- Greenfields

- To move forward, we must either identify deposit indicators or find mineralization, which would justify additional drilling and/or surveys.

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Athabasca Basin DepositsDiscovered PRE - 2000 Discovered POST - 2000

BASE

MEN

TUN

CONF

ORM

ITY

-10

-5

0

5

10

15

20

25

1965 1970 1975 1980 1985 1990 1995 2000

-10

-5

0

5

10

15

20

25

1979 1980 1981 1982

104 M lbs.

-10

-5

0

5

10

15

20

25

2005 2006 2007 2008 2009

-10

-5

0

5

10

15

20

25

1995 2000 2005 2010 2015 2020

360 M lbs.

* For illustrative purposes only, Company and other sources.

1,410 M lbs. 146 M lbs.

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Incr

easi

ng U

gra

deIn

crea

sing

U g

rade

Incr

easi

ng U

gra

deIn

crea

sing

U g

rade


Hidden Bay PEA- February 2011 NI 43-101 Preliminary Assessment Technical Report on the Horseshoe and Raven Deposits Hidden Bay

Project (“PEA”) prepared by SRK Consulting (Canada) Inc. recommended the project be advanced to a preliminary feasibilitylevel including West Bear.These results are included in a technical report on the Hidden Bay property with an effective date of February 15, 2011 available online under UEX’s profile at www.sedar.com.

- Base Case economics and cut-off grades calculated at $60 (US) per lb of U3O8.

- 16.6 million lbs (est.) of U3O8 could be extracted over a seven-year mine life.

(1) Projects in the mining sector have experienced rising costs, including rising capital and operating costs, during the past few years. The price of uranium has declined since the date of the PEA which could negatively impact the results of the PEA. Projects in the mining sector have also experienced significant fluctuations of costs, which could impact EBIT, NPV and IRR which have been calculated based upon historical costs. Accordingly, readers should bear these factors in mind when reading the PEA and should not place undue reliance on the PEA.

Price U3O8(per lb)

Pre-Tax (Base Case) (1)

EBIT (C$ millions)

NPV5%(C$ millions)

IRR(%)

$60 (US) 246 163 42

“EBIT” Earnings before interest and taxes “IRR“ Internal rate of return“NPV5%” Net present value (5% discount rate)

- The PEA is preliminary in nature, includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

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http://www.sedar.com/


Hidden Bay Strengths

- Ongoing exploration for new uranium deposits based on targets identified in our historical database and core review program.

- Long-lead project studies are ongoing and are required to advance Horseshoe, Raven and West Bear deposits to Prefeasibility when commodity prices signal a need for additional supply.

- Potential for the Horseshoe open pit to become a suitable tailings facility for a nearby mill.

- Significant resources near existing milling infrastructure operated by our largest shareholder (Cameco) and our joint venture partner (AREVA) at Shea Creek.

- Horseshoe and Raven deposits proximity to Cameco’s Rabbit Lake mill (approximately 4 km) and AREVA’s McClean Lake mill (approximately 22 km) may allow for toll milling.

16


Western Athabasca Vision- Grow the existing Shea Creek

deposits:- Kianna- Anne- 58B- Collette

- Apply the knowledge gained exploring on the Shea Creek deposit to the neighbouringWestern Athabasca claims.

- Work collaboratively with AREVA on advancing the Shea Creek project towards production.

- Become the cornerstone of future uranium production in the Western Athabasca region.

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Growth Strategy

- To plan and execute the exploration and evaluation work required to delineate and develop economic uranium resources at Christie Lake, as part of our project earn-in.

- To find new uranium deposits at the Hidden Bay Project and in the Western Athabasca Projects with our joint-venture partner AREVA.

- To continue the exploration and evaluation work required to delineate and develop economic uranium resources at Shea Creek.

- To advance the evaluation/development process at the Horseshoe, Raven and West Bear uranium deposits at the Hidden Bay Project to a production decision once uranium commodity prices have demonstrated a sustained recovery from current spot and long-term prices.

- To maintain, explore and advance to discovery our other uranium projects.

18

TSX: UEX | www.uex-corporation.com 19

Notes

TSX: UEX | www.uex-corporation.com 20

UEX CorporationSuite 1700 – 750 West Pender St.Vancouver, BC V6C 2T8www.uex-corporation.com

Investor & Media Inquires Contact:Roger LemaitrePresident & CEO [email protected]

TSX: UEX

UEXCF.PKFrankfurt: UXO.F

International OTC Markets

corporate presentation updated nov 12, 2015

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