Advanced Uranium Exploration & Development Projects in Niger, West Africa

1. Advanced Uranium Exploration & Development Projects in Niger, West Africa Presentation to the The First UK/USA-Niger Investment Forum, June, 2012 London, UK

2. Global Atomic - Who we Are Typical landscape in the Tim Mersoi Basin 2

3. Global Atomic - Who we Are • Global Atomic is a private, Canadian company, actively engaged in the exploration and development of uranium deposits in Niger, West Africa • Incorporated in January, 2005, by former executives of Denison Mines Limited, one of the world’s premiere uranium companies • Since signing its permit agreements in 2007, Global Atomic has worked diligently to unlock the uranium potential in the Tim Mersoi basin, near Agadez 3

4. Global Atomic - Who we Are Global Atomic, by agreement with the Republic of Niger has a 90% interest, Niger has a 10% carried interest in: four contiguous uranium permits - Tin-Negouran 1, 2, 3 and 4 (the “TN Permits”); and two contiguous uranium permits known as Adrar Emoles 3 and 4 (the “AE Permits”). 4

5. Global Atomic - Who we Are The six permits cover an area of approximately 3,000 square kilometres in the Tim Mersoi Basin The Tim Mersoi Basin is one of the world’s largest uranium basins and hosts all currently known uranium deposits in Niger Proven potential for large, “elephant size”, deposits are a reality…eg. Areva’s Imouraren deposit of over 300 million pounds of uranium oxide (U3O8) 5

6. Global Atomic – Our Projects • AdrarEmoles 3 Permit • Dajy Area • Dasa open pit • Dasa/Dajy underground • AdrarEmoles 4 Permit • Isakanan • Underground/In situ leaching • Isakanan channel • Tin Negouran 1 – 4 Permits • Tagadamat open pit • Tegama channel – large paleo channel defined by drilling • Akenzigi – surface exploration

7. Global Atomic – Our Projects Dasa 1, 2, 3 7

8. 3D Wireframe Model Dasa 1,2 and 3

9. Dasa 3 Block Model

10. New Discovery...Dasa Deeps • Discovery in the Graben at Dasa 3 • Recent drilling: • ASDH 248: from 256 to 281 m – 2092 ppm over 25 m • ASDH 254: from 307 to 350 m – 717 ppm over 43 m • including: from 315 to 335 m – 1182 ppm over 20 m • ASDH 307: from 437 to 467 m – 3486 ppm over 30 m • Drilling will continue to explore this new discovery with an initial resource estimate anticipated by year end 2012

11. Global Atomic - Our Goals • Build a world class uranium mining company through: • Development of the TN and AE Properties; and • Acquisition of additional uranium projects in Niger and elsewhere in the world • Upon completion of a feasibility study in March 2013, Global Atomic plans to construct its first mine at Dajy/Dasa, with construction scheduled to begin in 2014 • Targeting a 2 million pound annual capacity ramping up to 5 million pounds per annum by 2020 • Additional deposits such as Isakanan, currently being drilled, will enter the construction and development phase after Dajy/Dasa 11

12. Global Atomic - Our Goals • Direct employment for up to 500 people at the first mine site with indirect employment for between 3,500 and 4,000 people in Niger, in supporting roles including construction and suppliers • $300 million investment to build the first mine and facilities • Rank in the top 10 uranium companies globally once at full capacity and the second largest producer in Niger 12

13. Global Atomic - Our Experience • Experienced management team - highly qualified uranium mining professionals with a strong mix of exploration, development and financing expertise • Experienced Board of Directors including Geologists, Mining Engineers and Financial Professionals • Experienced team of technical advisors with extensive background in the development, mining and marketing of uranium 13

14. Key Management 14

15. Board of Directors 15

16. Global Atomic - Our International Team • Global Atomic retains international service providers to support the development of the Company’s projects in Niger • These include: • SRK, geology, ore reserves, block modelling • SGS, Lakefield, metallurgy • Hatch, flow sheet design, milling options • INNOVAT, milling options • ORTECH, process design, milling options • MINTEK, heap leach test work • Fugro Geophysical Services, airborne geophysics • SDV/Bollore, shipping and logistics • Fasken Martineau LLP, legal and regulatory • WeirFoulds LLP, legal and regulatory • PricewaterhouseCoopers, accounting and audit 16

17. Global Atomic - Our Niger Team • Global Atomic retains many local service providers to support the development of the Company’s projects in Niger • These include: • Esafor, drill contractors • Foraco, drill contractors • Enysa, drill contractors • Cogeico-Niger, road building and civil works contractors • Legeni, drilling and laboratory testing • Art et Génie, environmental, including EBS and EIS • Sahel Lab, sample preparation and radiation surveys/monitoring

18. Global Atomic - Governance and CSR • Global Atomic is committed to good governance and the ongoing development of a strong Corporate Social Responsibility (CSR) profile • Global Atomic’s Health, Safety and Environmental Statement reflects the Company’s adherence to best practices in radiation protection, safety, environmental responsibility and sustainability as well as working with the communities in which it operates 18

19. Global Atomic - Governance and CSR Global Atomic is in the process of further developing leading CSR policies and procedures: areas such as community development, crisis relief, food aid, anti-bribery and corruption ensure company practices meet and exceed international standards Global Atomic is committed to being on the forefront of developments for CSR in Niger as it continues to grow as a company 19

20. Good Corporate Citizen • In excess of $20 million spent on exploration in Niger over the last 5 years through thick and thin - continued to work while others stopped • Currently employing over 200 people and utilizing many local service companies including drilling companies, labs, road building contractors, etc. • Provide sustained community support through food donations, water wells and medical support

21. Republic of Niger - Land of Opportunity • Niger is the fifth largest uranium producing and exporting country in the world • Niger’s significant mineral endowment requires international investment and international partnerships to fully develop • Other natural resources include coal, iron ore, tin, phosphates, gold, molybdenum, gypsum, salt and hydrocarbons • The Fraser Institute rankings (2011) show Niger as a mining friendly jurisdiction (ahead of Ghana, Peru and Canada’s Northwest Territories) • Niger has a high level of technical expertise available for exploration and mine development • Niger need not be poor! 21

22. Republic of Niger - Land of Opportunity Development of uranium mines in Niger began in 1968 To date, the Government of Niger has granted approximately: 128 uranium exploration permits to over 30 companies from: Canada France United Kingdom United States South Africa Russia Australia India China 22

23. Republic of Niger - Land of Opportunity The political situation in Niger has stabilized The new President, Mahamadou Issoufou elected in March, 2011, in elections that were widely perceived as fair, credible and peaceful. Solid understanding of mining National Director of Mines from 1980 to 1985 Became Secretary-General of the Mining Company of Niger Niger became compliant with the Extractive Industries Transparency Initiative (EITI) in March, 2011. 23

24. Key players * *11% interest in Goviex (private) Uranium in Niger - Summary • Tim Mersoi Basin, one of the world’s largest uranium basins with “elephant size” deposit potential • Continuous, uninterrupted uranium mining for over 40 years • Niger 2010 production of 9 million lbs – world’s 5th largest producer 24

25. Uranium in Niger - Summary • New mining code adopted in 2007: • Government has 10% carried interest • Can buy additional 30% by funding pro-rata • 30% tax rate, 3-year tax holiday, sliding scale royalties • 100% repatriation of profits • Quick approvals to mining permits post-feasibility and EIS: • China Nuclear Teguida Project – 5 months • AREVA Imouraren Project – 4 months 25

26. Global Atomic – Our Future • Complete NI 43-101 compliant technical reports on the Dajy/Dasa, Isakanan and Tin Negouran projects • Complete NI 43-101 compliant Pre-feasibility Study for a uranium mining and processing facility at Dajy/Dasa with additional feed (loaded resin) from Isakanan, and Tin Negouran in a Preliminary Economic Assessment (PEA) • Explore for other sources of uranium for the Dajy central processing plant Dasa Pit Central Plant Isakanan Tin Negouran

27. Global Atomic – Where We Want To Be 454 ppm = 1 pound U3O8 = 0.045% 27

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45. Health, Safety and Environment Statement • Global Atomic Fuels Corporation is committed to: • providing a safe work environment • operating in an environmentally responsible and sustainable manner • working with the communities in which it operates