A Premier Uranium Explorer in Canada’s Athabasca Basin MARCH 2018 | TSXV: AL | FSE: 6LLN | OTC: ALXEF | www.alxuranium.com
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 outside 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
A Premier Uranium Explorer in Canada’s Athabasca Basin About ALX Uranium (TSXV: AL) 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 Saskatchewan well-designed exploration programs using the latest tools and technologies. The Athabasca Basin The World’s Most Prolific Uranium Area • High-grade deposits, low cost per kg of U 3 O 8 • Well-established infrastructure • Low geopolitical risk TSXV: AL | FSE: 6LLN | OTC: ALXEF | www.alxuranium.com 3
A Premier Uranium Explorer in Canada’s Athabasca Basin 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 TSXV: AL | FSE: 6LLN | OTC: ALXEF | www.alxuranium.com 4
A Premier Uranium Explorer in Canada’s Athabasca Basin Officers, Directors and Corporate Structure : Management Shares Outstanding: 81,091,422 Warren Stanyer Stock Options: 6,450,000 Chairman and CEO R. Sierd Eriks, P.Geo. Warrants: 19,025,000 President and Chief Geologist Jody Dahrouge, B.Sc., P. Geol. Broker Warrants: 17,600 Director (as of March 1, 2018) Dr. Howard Haugom, Ph.D. Director David Miller, B.S., Reg Prof GEO WY Director 52-week range: $0.065 - $0.14 Jean-Jacques Gautrot Strong board/team Director with a successful Patrick Groening CPA, CA CFO track record in Christina Boddy Corporate Secretary uranium Roger Leschuk, CIM, FCSI Manager, Corporate Communications exploration, Charles Roy, P.Eng., P.Geo. marketing, finance Chairman Technical Committee Donald Wright, M.Sc., P.Geo. and governance. Technical Advisor Ken Wasyliuk, M.Sc., P.Geo. Technical Advisor Steve Kahn, B.Sc., MBA, CFA Strategic Advisor Lon Shaver, CFA Advisory Board TSXV: AL | FSE: 6LLN | OTC: ALXEF | www.alxuranium.com 5
A Premier Uranium Explorer in Canada’s Athabasca Basin A pre-requisite for successful exploration… “ A positive attitude causes a chain reaction of positive thoughts, events and outcomes. It is a catalyst and it sparks extraordinary results.” Wade Boggs, 12-time MLB All-Star Boggs’ 2,000 th hit – May 17, 1992 6
ALX’s Properties in the Athabasca Basin, SK 7
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 ! 8
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 9
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 10
Hook-Carter Property: On Trend and On Target • 20,522 ha 20% ALX - 80% • Covers north Denison Mines extent of the Patterson Lake, Derkson and Carter Corridors Triple R Deposits 87.8 million lbs @ 1.82% U 3 O 8 (Indicated) 52.9 million lbs @ 1.80% U 3 O 8 (Inferred) Arrow Deposit 179.5 million lbs @6.88% U 3 O 8 (Indicated) 122.1 million lbs @1.30% U 3 O 8 (Inferred) Spitfire Zone Hole HK16-53: 10 metres @10.3% U 3 O 8 11
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 12
Hook-Carter Property: On Trend and On Target • Denison selected the 2018 drill targets from integration of 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 13
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 only 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 14
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% U 3 O 8 over 4.0 m) • ALX 2017 drilling intersected pitchblende in drill core • 2018 work plans pending – new targets are being developed 15
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 16
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 of Triple R deposit in Nov. 2012 • 2018 survey at Lazy Edward Bay will utilize the same survey method (From Fission Energy presentation, 2013) 17
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 18
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 19
New Projects - Argo ~1.5 km • Conductor trace (~1.5 km) emerged from ALX’s use of leading-edge modeling techniques 20
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 21
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 TSXV: AL | FSE: 6LLN | OTC: ALXEF | www.alxuranium.com 22
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