Building a low-cost uranium production portfolio INVESTOR - PowerPoint PPT Presentation

DECEMBER 2017 Building a low-cost uranium production portfolio INVESTOR PRESENTATION TSX: LAM | ASX: LAM | www.laramide.com

Disclaimer This presentation is provided on the basis that neither the Company nor its representatives or advisors make any warranty (express or implied) as to the accuracy, reliability, relevance or completeness of the material contained in the presentation and nothing contained in the presentation is, or may be relied upon as a promise, representation or warranty, whether as to the past or the future. The Company hereby excludes all warranties that can be excluded by law. The presentation contains material which is predictive in nature and may be affected by inaccurate assumptions or by known and unknown risks and uncertainties, and may differ materially from results ultimately achieved. To the maximum extent permitted by law the Company and its advisors, affiliates, related bodies corporate, directors, officers, partners, employees and agents exclude and disclaim all liability without limitation, for any expenses, losses, damages or costs incurred by you as a result of the information in the presentation being inaccurate or incomplete in any way for any reason, whether by negligence or otherwise, the use of this information or otherwise arising in connection with it. This presentation contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company. These risks and uncertainties could cause actual results and the Company’s plans and objectives to differ materially from those expressed in the forward -looking information. Actual results and future events could differ materially from anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change. Exploration Target Size described in this presentation is conceptual in nature and should not be construed as a JORC compliant Mineral Resource. Target mineralisation is based on projections of established grade ranges over appropriate widths and strike lengths having regard for geological considerations including mineralisation style and expected mineralisation continuity as determined by qualified geological assessment. There is insufficient information to establish whether further exploration will result in the determination of a Mineral Resource. This presentation is not a prospectus, product disclosure statement or other offering document under Australian law (and will not be lodged with ASIC) or any other law. This presentation is for information purposes only and is not an invitation or offer of securities for subscription, purchase or sale in any jurisdiction (and will not be lodged with the U.S. Securities Exchange Commission or Canadian Securities Exchange).

Well positioned today in uranium sector  Laramide is a Canadian-based company with globally div diversifie fied ur uraniu ium as assets in tier one jurisdictions.  Premier In n Sit Situ Rec ecovery (I (ISR SR) di divis isio ion – Church Rock provides nea near- ter erm pr prod oductio ion po potentia ial; valuation compares favourably with USA ISR peers.  Laramide’s projects are both po potentia iall lly low w cos ost and have low technical risk  La Large-scale le uranium projects are strategically positioned to deliver uranium for increasing energy demand.

Large Scale, High Quality U.S. and Australian Projects Church Rock Project, Hard rock assets: La Sal Westmoreland Uranium Rio Tinto Farm-in & Joint Crownpoint In Situ Recovery, Venture (Northern & La Jara Mesa Projects Project (northwest New Mexico (USA) Territory, Australia) Utah (USA) and Queensland, Australia) New Mexico (USA) • Outstanding exploration upside to control most of • • 51.9 Million Pounds U 3 O 8 2017 Church Rock NI 43- Permitted large mineralised system 101 Mineral Resource combined 4 • La Sal is a sandstone-hosted along Westmoreland Estimate 1 of 51 Million roll-front uranium deposit trend Pounds U 3 O 8 Inferred near EFR’s White Mesa Mill. • PEA 2016: Initial CAPEX Permits in hand to US$368M plus US$49M • Three Joint Ventures: Rio Licences & Permits commence production (400- contingency; 2M tpa mill Tinto-Murphy Farm-in • 500Klb per annum) Production-ready asset with with nameplate capacity of and Joint Venture (JV), initial production on Church 4Mlb U 3 O 8 per annum; Gulf Manganese JV & Rock Sec. 8 & 17 (many LOM US$58M total At Final EIS Stage Verdant Minerals-Lagoon licences and permits in sustaining capital; Cash • La Jara Mesa NI 43-101 Creek JV hand); Sec. 8 FS 2 completed operating cost to avg Mineral Resource Estimate 3 by previous operator - low US$21/lb U 3 O 8 for first 5 of 10.4 Million Pounds U 3 O 8 initial capital, staged ramp • Potential for other yrs of operation and combined up US$23.20/lb U 3 O 8 LOM 4 mineralization including gold conglomerates

Strategic Objectives  Deliver a preliminary economic study on Church Rock In Situ Recovery Projects, United States  Complete a JORC/NI 43-101 resource estimate on Crownpoint Project  Obtain New Mexico Discharge Plan and renew NRC License at Church Rock  La Sal project permits are being maintained and La Jara Mesa near completion  Study/PEA has been completed (press release, April 21, 2016) Westmoreland and JVs, Australia  Prepare inputs for permitting process  Field work planned on the Murphy JV in Northern Territory, Australia  Discuss scoping results with key local stakeholders  Requires more robust contracting environment and higher prices

Corporate Snapshot Share Price Performance of Select Uranium SX 1 ); LM Public ublicly y Trad aded LAM LAM (TS TSX); LAM LAM (ASX LMRX RXF (OTC) Companies Since Cameco News, Nov. 8, 2017 Shares on Issue 114.8M 180 170 Fully Diluted 147.1M 160 Market Price (CAD) 2 $0.47 150 140 Market Cap $50M 130 Cash & Investments 3 CAD$5.5M 120 Loan Facilities 4 CAD$6.5M 110 Major Shareholders Global X ETF owns 12% 100 Mgmt/Directors own 11% 90 Swiss based family office ~7% 80 Extract and DSC ~5% 7-Nov-17 8-Nov-17 9-Nov-17 10-Nov-17 11-Nov-17 12-Nov-17 13-Nov-17 14-Nov-17 15-Nov-17 16-Nov-17 17-Nov-17 18-Nov-17 19-Nov-17 20-Nov-17 21-Nov-17 22-Nov-17 Research Analysts David Talbot, Eight Capital Notes 1. ASX CDIs are 1:1 into common Laramide Resources Ltd. GoviEx Uranium shares and included in total Shares Energy Fuels Inc. NexGen Energy Ltd. on Issue Uranium Energy Corp. Skyharbour Resources Ltd. 2. As at December 2017 Global X Uranium ETF Uranium Participation Corp. 3. Assumes closing of Extract Western Uranium Corp. Cameco Corp. transaction 4. 7% per annum due December 2021

Management Team Board of Directors John Booth – Non-Executive Chairman Marc Henderson - Director, President & CEO Laramide Chief Executive Officer since 2005; +25 years’ experience Qualified lawyer (Ontario, NY & DC), 25 years’ experience as banker, operating successful public mineral exploration companies, and on the broker and fund manager in global capital markets. Member of the Audit, Boards of Treasury Metals Inc. (Chairman) and Khan Resources Inc. Compensation, and Nominating & Governance Committees. Bryn Jones - Chief Operating Officer ( MMinEng) Marc Henderson - Director, President & CEO Bryn Jones has 16 years of senior operational and technical experience in all aspects of the mining cycle, including In Situ Chartered Financial Analyst with +25 years including former president Recovery operations globally. Also Managing Director of Uranium and CEO, Aquiline Resources Inc.; MineFinders (president). Economics Equities; managed/financed PhosEnergy development from concept to degree from University of Colorado. feasibility study level. Scott Patterson – Independent Director Dennis Gibson - Chief Financial Officer (CPA, CGA) Dennis Gibson has been Laramide’s CFO since 2006. He has held President and CEO of FirstService Corporation. Chartered Accountant, senior financial positions for past 30 years, including at Treasury previously at Price Waterhouse (1983-1987), Bankers Trust. Member of Metals Inc. (present CFO), Aquiline Resources Inc. and Forrester the Audit (Chairperson), Compensation, and Nominating & Governance Metals Inc. Committees. Paul Wilkens – Independent Director Greg Ferron - VP, Corporate Development and Investor Relations Greg Ferron, Vice President Corporate Development and Investor +30 years senior experience with Rochester Gas and Electric (RG&E). Relations since 2011, brings 15 years of capital markets experience Holds an MBA from University of Rochester and Master of Science in including corporate finance, business development and investor Nuclear Engineering. Member of the Audit, Compensation (Chairperson), relations. and Nominating & Governance (Chairperson) Committees.