The New Oil A Perfect Hedge? J u n e 2019 T S X V : P L U | OTC - PowerPoint PPT Presentation

The New Oil – A Perfect Hedge? J u n e 2019 T S X V : P L U | OTC Q B : P L U U F

Cautionary Language The particulars contained herein were obtained from sources which we believe reliable but are not guaranteed by us and may be incomplete. The opinions expressed are based upon our analysis and interpretation and are not to be construed as a solicitation or offer to buy or sell the securities mentioned herein. This presentation includes certain forward-looking statements concerning the future performance of Plateau Energy Metals’ business, operations and financial performance and condition, as well as management's objectives, strategies, beliefs and intentions as at June 5, 2019. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. Forward-looking statements and forward-looking information include, but are not limited to, statements with respect to estimated production and mine life; the future price of lithium and uranium; the estimation of mineral reserves and resources; the realization of mineral resource and reserve estimates; the timing and amount of estimated future production; costs of production; success of exploration activities; and currency exchange rate fluctuations. Except for statements of historical fact relating to Plateau Energy Metals, certain information contained herein constitutes forward-looking statements. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks, the availability of financing, variations in grades or recovery rates, the interpretation of drill results, the geology, grade and continuity of mineral deposits and conclusions of economic evaluations, results of any initial feasibility, pre-feasibility and feasibility studies, and the possibility that any future exploration, development or mining results will not be consistent with our expectations. mining and development risks, including risks related to accidents, equipment breakdowns, unanticipated difficulties with or interruptions in exploration and development, the potential for delays in exploration or development activities or the completion of feasibility studies, if any, the uncertainty of profitability based upon the cyclical nature of the industry in which we operate, delays in obtaining governmental approvals or in the completion of development or construction activities, risks related to environmental regulation and liability, political and regulatory risks associated with mining and exploration, risks related to the certainty of title to our properties, risks relating to international operations, fluctuating currency exchange rates, changes in project parameters, the possibility of project cost overruns or unanticipated costs and expenses, labour disputes (including work stoppages and strikes) and other risks of the mining industry, failure of plant, equipment or processes to operate as anticipated, as described in more detail in the Company's recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and Plateau cautions against placing undue reliance thereon. Neither Plateau Energy Metals nor its management assume any obligation to revise or update these forward-looking statements. The preliminary economic assessment is preliminary in nature, it 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. Qualified Persons Mr. Ted O’Connor, P.Geo., a Director of Plateau Energy Metals, and a qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this presentation. 2

Plateau Energy Metals Electric Revolution FALCHANI LITHIUM PROJECT

Plateau Energy Metals “Air pollution is considered the greatest environment risk to health” “Air pollution kills 1.1 million in India and more than 3 million people each year” 4 - World Health Organization

The World is Changing Government Policy Continues to Support Electric Vehicle Adoption Israel Proposal to end ICE sales by 2030 India Proposal to end ICE sales by 2030 China Target of 5% penetration of EV sales by 2020, 20% by 2025 Japan & South Korea Target of 30% penetration of EV sales by 2030 Canada Target of 30% penetration of EV sales by 2030 (Quebec targeting 100% zero emissions by 2050) UK & France Proposal to end ICE (internal combustion engines) BC recently tabled Zero Emissions by 2040 Vehicles Act – 100% zero emission new vehicle sales by 2040, targets Norway & Netherlands starting 2025 at 10% Proposal to end ICE sales by 2035 USA Germany No federal target set, 10 states Proposal to end ICE sales by 2030 have set targets for 100% zero emissions vehicles by 2050 Italy Target of 30% penetration of EV sales by 2030 Mexico & Brazil Target of 30% penetration of Europe electric vehicle sales by 2030 Considerations for EU wide ban of ICE by 2030 5 Source: Benchmark Mineral Intelligence, February 2019 publication (Financing 2030: How Much Money & Material is Needed to Make the EV Supply Chain Happen?)

Lithium – Adopted Battery Technology Lithium-ion batteries are essential in current and future technology as the world becomes greener. 6 * Source: Visualist Capital (February 2017)

Lower Battery Costs = Mass Adoption Since 2010, +80% reduction in cost per kWh, and with 25% of the cost of an electric vehicle (EV) being the battery, more affordable EVs will hit the market, leading to mass adoption. * Source: Benchmark Mineral Intelligence 7

Lithium – A Growing Need Growing Sectors Consumers Demand Demand for lithium is growing 20% per year * 8 * Source: Benchmark Mineral Intelligence

Lithium – Be an Early Adopter Electric Car Adoption Rates * Source: Dent Research 9

Plateau Energy Metals The New Oil – A Perfect Hedge? FALCHANI LITHIUM PROJECT

Plateau’s Projects in Peru Falchani Lithium Project Advanced Exploration Stage Macusani Uranium Project Early Development Stage 11

Falchani Lithium Project Sixth Largest Hard Rock Lithium Deposit in the World * Supply Security Excellent Growth Potential Development Quality (Peru) Infrastructure Potential Estimated to be 6 th • Potential for Geopolitical • Easy transport Amenable to • • • largest Li deposit battery grade open pit mining stable jurisdiction Low cost power • globally lithium carbonate Responsible Labour • • Resource estimate • 99.74% with low mining practices Water • based on only ~30% impurities of target area * Based on the Company’s review of publicly available information as at March 4, 2019 12

Falchani Lithium: Growth Plan Falchani PEA End of H1 • Targeting PEA at the Techno-economic 2019 end of H1 2019 trade-off Studies Q2 2019 • High-level trade-off studies to select one or more optimal Metallurgical Studies Ph II processing route(s) • Completed Phase I studies Q2 2019 • Currently evaluating four conventional process routes to identify preferred path Q1 2019 Resource Update (complete) • Expanded resources +90% Q1 2019 (complete) Appointed Advisory Board Kick off PEA David Laing Q1 2019 (complete) 13

Alex Holmes , CEO & Director Alex@PlateauEnergyMetals.com (416) 628-9600 PlateauEnergyMetals.com @pluenergy

Plateau Energy Metals Appendix

Corporate Overview TSX-V: PLU | OTCQB: PLUUF Shares outstanding* ~79.5 million Market capitalization ~C$46 million Options ~7.8 M @ C$0.35 – C$1.14 Recent share price* C$0.58 Warrants ~5.0 M @ C$0.90 – C$1.25 Analyst Coverage Fully diluted ~92.3 million Ted O’Connor Alex Holmes Laurence Stefan Philip Gibbs CFO CEO & Director President, COO & Director Prof. Geologist & Director ● Vancouver ● Capital Markets ● Peru ● Geologist ● Saskatoon ● Geologist ● Toronto ● CMA ● 30+ years financial management ● Project Evolution ● MSc IM ● Exploration & Dev. ● PhD ● Uranium Expert experience ● Prev. VP BD True Gold Mining ● Founder since 2007 ● 20+ years Cameco Alan Ferry Wayne Drier Maryse Belanger Christian Milau Chair, Director Director Director Director ● Vancouver ● Finance & Ops ● Vancouver ● Finance & Ops ● Toronto ● Geologist, Analyst ● Vancouver ● Engineer & Ops ● CFO, Ero Copper ● President & COO, Atlantic Gold ● CEO, Equinox Gold ● Director, Guyana Goldfields Technical Consultants * As at June 5, 2019 16

Value Chain Comparison* 17