Looking for low cost uranium production by In-situ Recovery (ISR) in Chubut Province

Patagonia Argentina

Corporate Presentation March 2014 1

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Summary 2011-2013

-US$10M investment from Cameco in 2011 -Fast track 24.000 meters drilled in 18 months with low costs

-Favourable geological conditions for ISR (low costs vs other methods) -Preliminary Economic Assessment and metallurgical test work in progress

-NI 43-101 compliant resource, Inferred 19.1M lbs eU3O8 @ average 310ppm eU3O8, using a conservative cut-off grade of 200 ppm

-Largest uranium-rich land position within the San Jorge Basin -Medium term target resource of 100M lbs U3O8 for the next 2 years

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Summary 2014-2015

Investment

Continue development

Increase resources

Completion PEA/PFS/BFS

Next Goal: ISR low cost production

Keys to success

Dynamic & Lean Local Management Team

-Professional in-house & on-site

geological teams

-Dynamic & local management team

-In-house RC drilling crew and

drill rig

Renown Board of Directors Expertise & success in the global uranium industry

-Founder & CEO, argentinean

entrepreneur, with a very strong network at the highest level in

private and public sectors

-Renowned Board of Directors in uranium sector involved in

Uramin (acquired for US$2.5B) and Extract Uranium (acquired

for US$1.9B)

Strategic JVs and alliances

-Consolidated the largest uranium-prospective land

position within the San Jorge Basin in the Province of Chubut, which includes licenses adjacent to Argentina’s National Atomic Energy Commission’s (CNEA)

Cerro Solo Deposit

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Board of Directors

Omar Adra – Founder, Executive Director & CEO - Entrepreneur with over 20 years experience in business. Strong networks in the public and private sectors

Neil Herbert - Executive Chairman - Former CFO of Uramin (bought by AREVA in 2007 for US $2.5B), former Co-Chairman & Managing Director of Polo Resources, an investment group who sold its 9% holding of Extract Resources to Itochu

Ian Stalker - Non-Executive Director - Former CEO of Uramin, Niger Uranium, Berkeley Resources, Brazilian Gold Corp. Currently Chairman and Director of Azincourt Uranium. Successfully managed eight mining projects worldwide through feasibility studies, development and construction phases

Hernan Celorrio - Non-Executive Director - Former President of Barrick Gold’s subsidiary in Argentina for 10 years. Opened the Veladero Mine, biggest gold producer in Argentina. Attorney at law specialized in mining, natural resources & foreign investment. Strong institutional & political relationships

Edgardo Lucas – VP Corporate Development

Exploration permits located 350km SW of Chubut’s capital city, in San Jorge Basin

Easily accessed by national road #25

Operations in an extensive plateau, with some hills. The average height is 800m

UrAmerica in Chubut - San Jorge Basin

San Jorge Basin San Jorge Basin contains Jurassic and Cretaceous continental sediments, hosting important oil, gas, uranium, silver and copper deposits over an area of 180,000km2 with existing U ocurrences

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Perfect Mining Environment Minimal environmental impact

Mining activity is supported by local community

Easy access and operations using existing roads

Province of Chubut Argentina

Australia

Canada

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Property Consolidation (1st permits)

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Consolidated Land Position

In-house Land Management team with vast experience Play locally with internal and re-known mining legal advice

Full copy of mining files at UrAmerica´s HQ for follow up and facilitate due diligences

CNEA´s Los Adobes open pit and Cerro

Solo deposit

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NI43-101 Resource Report

UrAmerica have drilled over 24,000 meters in 18 months, which provided data for a Mineral Resource Estimate totaling 27.9 million tonnes with an average grade of 310 ppm eU3O8 for a contained 19.1M lbs of eU3O8 using a cut- off grade of 200 ppm

Achieved Short Term Objective

2011 Goal: 15M lbs U3O8 in a 27,000 m drilling program planned

19.1M lbs eU3O8 with an avg grade of 310 ppm eU3O8 discovered by 2013 as result of an intensive drill program

Mineral Resources based on a cut-off grade of 200ppm U3O8

24,000 meters drilled in 18 months

NI43-101 resource definition

LOI signed with Lyntek to define a scope of work from PEA to production

Metallurgical test work in progress Graphic log for mineralised layers P1 and P2 at Plateau West, in this intersection within a package of sandstones and silty sandstone. Grades by assay on the left

and by probe on the right.

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Lyntek Uranium Track Record Lyntek offers a full range of engineering and construction services to the natural resources and environmental remediation industries

Provide services from process engineering and feasibility studies through detailed engineering, procurement, construction management, plant start-up and pilot plants

Lyntek has been involved in the uranium sector since its creation in 1983

Their experience encompasses the major uranium producing countries of the world as well as work for the primary uranium producers

Rio Tinto

Powertech Uranium

Ur- Energy, Inc.

Energy Metals Corp.

Toro Energy Limited

Virginia Uranium Inc.

Global Uranium Corp.

Peninsula Minerals Ltd.

Cue Resources

Toshiba

Scott Wilson

Idemitsu Kosan

Areva

Uranium One

Sparton Resources

Energy Fuels Resources

US Uranium Inc.

High Plains Uranium, Inc.

International Nuclear, Inc.

Western Nuclear, Inc.

Dawn Mining Company

Heathgate Minerals Inc.

Rio Algom Corp.

Power Resources, Inc. (a division of Cameco) 12

Mid Term Objective – 100M lbs U3O8

Target Ganso: Borehole RC_12_0130: 3 intervals of significant uranium mineralization, the best interval being 7 metres grading 668 ppm U3O8 from a depth of 131.5 metres. This borehole is one of the best of the project to date and ‘step-out’ drilling is planned to test the area around it

Target Contreras-shallow mineralisation-4kmx4.5km: only 6 holes drilled. An extensive organic rich layer within lacustrine sediments is exposed at surface or under thin (1 to 20 metres) cover, over a large area. The best intersection was 2.6 metres grading 225 ppm eU3O8 from 6.5 metres depth. Grab samples from the mineralised layer typically range 200-800 ppm molybdenum

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Corporate Responsibility

UrAmerica has integrated itself as a member of the local community

Acquires as many supplies/services in Paso de Indios as possible

Supports activities in local schools

Provide training and employment opportunities in an array of professions for the local people

UrAmerica upholds the highest environmental, safety and hygiene standards, in compliance with Provincial laws and regulations

Class trip to our base camp in Paso de Indios by local high school graduates. Activities included collecting cardboard, a tour of our installations and a Q&A session.

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Overview of the project base

UrAmerica strengthen its operational costs by negotiating good contracts with suppliers. Acquired in-house Track-mounted RC Drill Rig. Low cost profile to progress to our Mid Term objective

The Company has in-house accommodation and technical offices in Paso de Indios

Our Warehouse is right next to the main road and permitted to store the RC samples. The WH has enough capacity to keep growing on a modular basis

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Cameco, one of the world’s largest uranium producer, invested US$ 10M for 19.9% equity

interest in UrAmerica Ltd in October 2011 (US$ 50M valuation with no resources at that time)

Extensive geological and legal due diligence carried out by recognized Law firms.

Joint Technical Committee followed up the use of proceeds progress aligned with the program

and budget

Unique Strategic Alliance allowed UrAmerica to maintain its upside potential

Cameco has recognized the efficiencies and use of proceed s carried out by UrAmerica

In October 2013, UrAmerica and Cameco dissolved their Strategic Alliance by mutual consent as

Cameco changed its global exploration strategy

Patagonia Resources Ltd acquired Cameco´s share position in UrAmerica, strengthening its

position and commitment in the company and the development of our JV

Cameco Investment & Strategic Alliance

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Successful Fast Track Discovery 2012 2013 2014 2015

I II III IV I II III IV I II III IV I II III IV

Drilling →

Field Exploration →

NI 43-101 Resource Definition

Preliminary Economic Assessment →

Feasibility Study

Plant Construction

Production

From Exploration to Production

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Advantages of producing in Argentina Captive Domestic Demand 2 nuclear reactors in operation. 1 under final testing, to be operational by mid 2014

→ Total yearly estimated consumption: 250tn (=551,000lbs) U3O8 The 4th and 5th reactors will be biding during 2014 No domestic production since 1995. U3O8 being imported by CNEA

→ CNEA reprocesses the U3O8 into UO2 pellets to fuel reactors → 100% of the uranium needed is being imported → Argentina carries out almost all the steps in the fuel cycle. → Finding additional domestic uranium resources is critical to the future development of Argentina nuclear industry ambitions. → Argentina has a strong energy deficit .

Just with 19.1M lbs U3O8, UrAmerica is ready to supply the local market needs for almost 30 years

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Uranium: The supply crunch

2013 Demand to equal 143M lbs U3O8 – Current output 121M lbs*

Uranium: Present and Future Nuclear power generation today

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Actual

Uranium sector faces supply needs Analyst´s forecast a large supply-demand gap in the near term and increasing

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Uranium: Present and Future

Dependence on foreign uranium by the World´s largest electricity consumers

US consumes 50M pounds per year but only produces 4M

China consumes 19M pounds per year, forecasted to grow to 73M by 2030, but only produces 3M per year

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Uranium: Present and Future

Argentina consumes 0.7M pounds per year but all the uranium is imported, there´s no local production

Uranium Advantages

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Investment Opportunity

We invest in discovering uranium with a low profile and not in the speculative traditional Junior Exploration Companies way 19.1M lbs eU3O8 inferred resource discovered costs were 12 times less compared to benchmark There is a perfect environment to explore and produce with infrastructure and roads already built by the National and Provincial Government. ISR metallurgical test work in progress. Production becomes profitable and brings us funding to continue developing exploration.

Pre-estimation investment to develop pre-production is between US$ 6-10M The ISR plant investment could be funded by bankable loan

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Recent News from Local Sector January 28, 2013 AREVA Funds $2 Million for Second Year Exploration Program

August 30, 2013 YPF-Chevron agreement Neuquen Goverment approved the grant of YPF Loma Campana up to 2048, entering effective agreement with Chevron. Inmediate payment of US$300M to pay 50% of the work already done in areas of YPF

November 25, 2013 YPF reaches a compensation agreement with Repsol. This agreement gives investors good signals that Argentina is taking off in energetic matters. The country has some of the world's largest reserves in shale oil and gas

December 16, 2013 YPF materialized a successful international placement in ON for $ 500 M, with more than a hundred international investors who bid on a total of about US$2B, four times more tan expected. The issue was made at a fixed rate of 8.875 percent interest with a single 5-year maturity and without warranties

October 30, 2013 The very high mark “A2” which received the Bond for Infrastructure Development in Chubut (Bodic 1) with respect to other provinces was formally presented by the Governor, Martín Buzzi who said that it generates " great expectations " regarding its placement in the markets

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Recent News from Local Sector

CNOOC makes $3.1 billion deal with local Argentine group, Bridas

Holdings, for gas and oil in Chubut

Bridas is a private Argentine company, owned by argentine billionaire Bulgheroni family, who started the company from scratch and has prided himself on running it locally. The 50-50 partnership mitigates concerns of Chinese control of the resources.

Bridas holds a 40% stake in Pan American Energy, an Argentine oil and gas producer, operating mainly in the San Jorge Gulf, Chubut.

“Latin America has been on the radar of China’s acquisitive energy firms for years.” “If you look to the future, Latin America is an area where there’s lots of exploration

activity.” Reuters, March 2010

"CNOOC takes a first large step into southern South America, and Bridas consolidates its international presence.”

Wall Street Journal, March 2010 26

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www.uramerica.co.uk

Argentina shows an incoming booming opportunity in natural resources & energy in an under-

developed country in Latin America