Discovery Driven Uranium Focused Clearwater Project Corporate Presentation February 2017 1
FORWARD LOOKING INFORMATION CAUTIONARY STATEMENT This presentation contains forward looking information about Uracan within the meaning of the Securities Act (British Columbia). Forward looking information relates to future events or future performance and reflect Uracan s expectations regarding the future growth, results of operations, business prospects and opportunities of Uracan. This information reflects Uracan s current internal projections, expectations or beliefs and is based on information currently available to Uracan. In some cases forward looking information can be identified by terminology such as may, will, should, expect, intend, plan, anticipate, believe, estimate, projects, potential, scheduled, forecast, budget or the negative of those terms or other comparable terminology. Many of these assumptions are based on factors and events that are not within the control of Uracan and there is no assurance they will prove to be correct. Forward looking information is subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to materially differ from those reflected in the forward looking information, and is developed based on assumptions about such risks, uncertainties and other factors including, without limitation: fluctuations in precious and base metal prices; inherent hazards and risks associated with mining operations; inherent uncertainties associated with mineral exploration and development activities; uncertainties inherent in the estimation of mineral reserves and/or resources and precious metal recoveries; uncertainties related to actual capital costs, operating costs and expenditures, production schedules and economic returns from Uracan s projects; uncertainties related to current global financial conditions; uncertainties related to the availability of future financing necessary to undertake exploration, development, mining and processing activities on Uracan s properties; risks related to the integration of businesses and assets acquired by Uracan; uncertainties related to the competitiveness of the mining industry; risks associated with Uracan being subject to government regulation, including changes in law and regulation and risks associated with Uracan s need for governmental licenses and permits; risks associated with Uracan being subject to extensive environmental laws and regulations, including a change in regulation; risks that Uracan s title to its property could be challenged; risk of water shortages and risks associated with competition for water; Uracan s need to attract and retain qualified personnel; increases in off site transportation and concentrate processing costs; risks related to the need for reclamation activities on Uracan s properties, including the nature of reclamation required and uncertainty of costs estimates related thereto; risks associated with potential conflicts of interest; risks associated with potential labour disputes; and risks associated with potential blockades of mining operations as well as Risks and Uncertainties included in the MD&A for Uracan available at www.sedar.com. Forward looking information is not a guarantee of future performance and actual results and future events could differ materially from those discussed in the forward looking information. All of the forward looking information contained in this presentation is qualified by these cautionary statements. Although Uracan believes that the forward looking information contained in this presentation are based on reasonable assumptions, readers cannot be assured that actual results will be consistent with such statements. Accordingly, readers are cautioned against placing undue reliance on forward looking information. Uracan expressly disclaims any intention or obligation to update or revise any forward looking information contained in this presentation, whether as a result of new information, events or otherwise, except in accordance with applicable securities laws. The information contained herein does not constitute an offer of securities for sale in the United States and securities may not be offered or sold in the United States absent registration or exemption from registration. Marc Simpson, President and CEO, a Qualified Person as defined by National Instrument 43 101, has approved the scientific and technical information regarding Uracan Resources Ltd. discussed in this presentation. 2
SENIOR MANAGEMENT / DIRECTORS Clive Johnson Chairman / Director President and CEO, B2Gold Marc Simpson President and CEO Tom Garagan VP Exploration / Director Senior VP Exploration, B2Gold Jessica Van Den Akker CFO VP Corporate Finance, Fiore Management & Advisory Corporation Gordon Keep Director CEO, Fiore Management & Advisory Corporation Mark Corra Director Former Senior VP Finance and CFO, B2Gold Jay Sujir Director Partner, Farris Vaughan Wills & Murphy LLP 3
KEY SUCCESS FACTORS Proven team with technical ability and capital markets strength Building a solid asset base and presence in the Athabasca Basin region Main focus on Patterson Lake area in Western Athabasca (developing U camp) Clearwater Project has hematite, clay alteration and elevated base metals (Zn, Pb, Ni, Cu) Elevated radioactivity in mafic dykes (Mongo) Similarities with alteration noted by Nexgen and Fission High insider ownership (>34% Insider ownership) Startup valuation WHY URACAN RESOURCES Global market fundamentals for uranium in the long term 4
ATHABASCA BASIN AREA PROJECTS Saskatchewan Excellent local infrastructure Ease of Permitting Mining Friendly Jurisdiction Understands Uranium Mining and Permitting Low Geopolitical Risk Knowledgeable mining workforce available locally Clearwater Project Claims cover southwest extension of Patterson Lake Corridor (Fission, Nexgen, Purepoint/Cameco) Adjacent to Fission Uranium s Triple R Deposit Provincial Highway 5 km east of property, forestry road access to property Pipewrench Lake Regina 5
CLEARWATER PROJECT Uracan earning 51% interest in Clearwater Project by spending $3 million 2014 2017 $1,500,000 in expenditures to end of 2016 on Clearwater Uracan holds a 25% interest in Clearwater Uracan can earn a total of 70% interest by carrying out additional $3 million of work over 2 years Overall claims cover an area of 9,912 Hectares (99 km 2 ) URC/Forum JV Fission 3.0 6
CLEARWATER PROPERTY - ON STRIKE WITH WORLD CLASS URANIUM DEPOSITS Multiple exploration successes since 2012 by Fission, Nexgen and Cameco / Purepoint Clearwater Property is on strike with two world class discoveries Significant exploration upside along trend Mongo Lake Patterson Lake Corridor western extension with basement alteration and elevated radioactivity Patterson Lake Corridor extremely fertile for exploration (ie. Nexgen, Fission, Purepoint) Anomalous Radioactivity in drill hole Clearwater Intrusion UEX/Areva Shea Creek Fission R840W 29.0m @ 1.14% U3O8 Purepoint Cameco Areva Aldrin Triple R Deposit Indicated 79.6M lbs 1.58% U 3 O 8 Inferred 25.9M lbs 1.3% U 3 O 8 R600W 31.2m @ 1.7% eu 3 O 8 Athabasca Nuclear Spitfire Zone 31.2m @ 1.7% eu 3 O 8 Harpoon Zone 17m mineralization Bow 1m@ 1.44% eu 3 O 8 Arrow Deposit Inferred 201.9M lbs 2.63% U 3 O 8 Fission 3.0 Nexgen Not to scale 7
CLEARWATER PROJECT GEOLOGY Clearwater Project lies along the Southwest extension of the Patterson Lake South conductive trend Multiple trends extend across the property from adjacent mineralized conductors (Fission, Nexgen, Purepoint, Aldrin) Clearwater Intrusion along western margin of claims with metasediments and/or metavolcanics Common graphite, bleaching, base metal (Ni, Cu, Zn) and sulphides associated with faulting well plumbed system Gravity, EM, radon, radiometric and lake sediment anomalies throughout Clearwater Project Radon Anomaly Gravity Anomaly EM Conductor Mongo Lake Alteration and Elevated Radioactivity Aldrin Resources Anticline Zone Indicated: 79.6M lbs @ 1.58% U 3 O 8 Inferred: 25.9M lbs @ 1.30% U 3 O 8 8
CLEARWATER PROJECT FALL 2016 DRILLING 2016 Highlights Gravity (lows in green) with VTEM conductors (red lines) Ground VTEM outlined numerous conductive trends for drill testing CW 16 to CW 20 tested the western extension of the Patterson Lake trend and VTEM conductors at Mongo Lake CW 17, CW 18, CW 19 intersected strong bleaching, clay alteration, graphite and hematite with elevated Ni, Cu, Zn and Pb Frequent radioactive (Th) mafic dykes in Mongo drilling CW 16 intersected High grade base metals (4.3% Zn, 0.3% Pb) over 6.5m sample length Drilling results indicate strong hydrothermal system present at Mongo Lake CW 13, CW 14 encountered tectonized graphitic structural zones with strong alteration at top of hole along with pyrite associated with graphite CW 12 and CW 15 intersected strong clay alteration at Manville/basement contact Mongo Lake area has strong hydrothermal alteration and mineralization Key 9
Mongo Zone CW 17 Broad zone of secondary hematite and clay alteration Elevated radioactivity associated with hematite and clay altered zones Crosscutting Th bearing mafic dykes common Elevated Ni, Cu, Zn and Pb Similar hematite, base metals and clay alteration in CW 18, CW 19 Indicates strong hydrothermal system active in western extension of Patterson Lake Corridor CLEARWATER PROJECT FALL 2016 DRILLING 10
CLEARWATER PROJECT EXPLORATION 2016-2017 2014 2016 $1,500,000 total exploration expenditures Uracan has earned a 25% interest in the Clearwater Project as of December 2016 Initial planning of proposed 2017 program underway 11
URACAN RESOURCES LTD. (TSX.V URC) SHARE STRUCTURE Share Capitalization Issued Common Shares 105,944,601 Stock Options 9,745,000 Warrants 6,440,750 Fully Diluted 122,130,351 For Further Information TF: +1.604.506.6996 Email: info@uracan.ca Follow Uracan 12
Uracan Resources Ltd. TSX.V URC 3123 595 Burrard Street Vancouver BC V7X 1J1 Tel: (604) 506 6996 Fax: (604) 609 6145 Email: info@uracan.ca www.uracan.ca 13