A Premier Uranium Explorer in Canada s Athabasca Basin. OCT.2016 TSXv: AL FSE: 6LLN OTCQX: ALXEF alxuranium.com

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1 A Premier Uranium Explorer in Canada s Athabasca Basin OCT.2016

2 Disclaimer: This Presentation has been prepared by ALX Uranium Corp. ( ALX ) using its best efforts to realistically and factually present the information contained. 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 Users 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. Interested investors are advised to seek advice from their investment advisors. Technical information has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument and reviewed on behalf of the Company by Neil McCallum P.Geo., a Qualified Person. 2

3 About ALX Uranium ALX Uranium Corp. is a premier uranium exploration company focused on the Athabasca Basin in Saskatchewan, Canada. It was formed as a result of a merger between Lakeland Resources Inc. and Alpha Exploration Inc. in The Athabasca Basin The World s Most Prolific Uranium Area. High Grades Infrastructure Low Geopolitical Risk 3

4 Investment Highlights Team with technical and capital markets strength Tier 1 asset base, large scale presence in the Basin Active fieldwork for several properties Drill ready targets on multiple properties Relative value vs. Athabasca Basin comparables 4

5 Corporate Structure: Shares Outstanding: Stock Options: Warrants: (as of August 01, 2016) 65,151,422 5,500,000 12,817,821 Strong board/team with a successful track record in uranium exploration, marketing, finance and governance. Officers, Directors and Management Jon Armes, B.A.Sc. President, CEO & Director Benjamin Ainsworth, MA (Oxon), PEng BC. Director Warren Stanyer Director Jody Dahrouge, B.Sc., Sp.C., P. Geol. Director Steve Khan, BSc, MBA, CFA Director Dr. Howard Haugom, BA, MA, Ph.D Director R. Sierd Eriks, P. Geo VP Exploration Charles Roy, P. Eng., P. Geo Chairman Technical Committee Lon Shaver, CFA Advisory Board Jody Bellefleur, CGA Chief Financial Officer Frances Petryshen Corporate Secretary 5

6 Newnham Lake Hook-Carter Kelic Lake Lazy Edward Bay 6

7 Hook-Carter Property 100% owned 16,808 Hectares over 28 claims Located at the northern end of the Patterson Lake, Derkson and Carter structural trends Recent target definition exploration: Airborne EM, airborne gravity gradiometer survey, ground-em Survey. Radiochemical interpretation (Peridot Geoscience) Three distinct structural trends, hosting numerous new and expanding discoveries including: Triple R (Patterson Lake South) PLS Deposits* 81 million 1.83% U 3 O 8 (Indicated) 27 million 1.57% U 3 O 8 (Inferred) Arrow Deposit** 202 million 2.63% U 3 O 8 (Inferred) Spitfire Zone*** % U 3 O 8 (drill hole HK16-53) 7

8 Hook-Carter Property Image: Local phase of the residual total magnetic field ALX ALX An observation has been made that deposits in the PLS district are located at the cross-cutting structures along the structural corridor. Similar disruptions at the regional scale magnetics are also observed on the ALX property along the Patterson Lake Corridor and the other parallel structural corridors ALX ALX Spitfire Zone Triple R Deposit Arrow Deposit Target Areas 8

9 Hook-Carter Property Drill Targets Several target areas were defined by a 2014 Condor Consulting interpretation report that focused on recent airborne EM and magnetic geophysics. (blue outlines) A 2016 interpretation report by Peridot Geoscience Ltd. identified several high-priority geochemical and radiochemical targets. (red outlines) 9

10 Newnham Lake Property 100% owned 11,737 Hectares over 8 claims Located at the northeastern corner of the Athabasca Basin Historic work by SMDC (predecessor of Cameco) in the 1980 s showed anomalous uranium in sediments and drill holes The property covers two trends of prospective graphitic meta-pelite rocks in the basement. The depth to basement is relatively shallow (less than 100 metres) DDH 90: 0.10% U 3 O 8 over 60 cm 2015 Radon anomaly Recent target definition exploration: Airborne EM, airborne gravity gradiometer survey, ground-em Survey. Ground gravity and radon survey (2015) Radiochemical interpretation (Peridot Geoscience) in progress DDH 66: 0.20% U 3 O 8 over 20 cm 10

11 Lazy Edward Bay Property 100% owned 28,968 Hectares over 41 claims Located at the southern edge of the Athabasca Basin Historic work by SMDC (predecessor of Cameco) in the 1980 s showed anomalous uranium in sediments and drill holes Follow up work by JNR Resources in The property covers several trends of prospective graphitic meta-pelite rocks in the basement. The depth to basement is relatively shallow (less than 200 metres) Recent target definition exploration: Airborne EM, airborne gravity gradiometer survey, ground-em Survey. Radon-in-water survey (2016) Radiochemical interpretation (Peridot Geoscience) DDH LE-50: 908 ppm U 3 O 8 over 30cm 2016 Radon anomaly DDH LE-1: 224 ppm U 3 O 8 over 50 cm 11

12 Kelic Lake Property 100% owned 10,056 Hectares over 6 claims southern margin of the Athabasca Basin Relatively shallow depth, approximately 190m from surface to the unconformity at the target Initial exploration defined drill target on conductor C, consisting of elevated radon, airborne gravity, VTEM and ground-based Timedomain EM Recent exploration: 6 holes over 1,800m of drilling, tested highpriority conductor C. First drill program to test the conductor. Targets remain for follow-up drilling. 12

13 Make Contact ALX URANIUM INC. Phone: Toll Free: Roger Leschuk, CIM, FCSI Manager, Corporate Communications Phone: