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Focused on a World Class Discovery

Focused on a World Class Discovery. Forward Looking Information.

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Focused on a World Class Discovery

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  1. Focused on a World Class Discovery

  2. Forward Looking Information This presentation contains forward-looking statements, which represent the Company’s internal projections, expectations or beliefs concerning, among other things, the Company’s future economic performance and operating results. By their nature, forward looking statements are subject to numerous risks and uncertainties which may cause the Company’s actual performance and financial results in future periods to differ materially from any estimates or projections. Significant risks and uncertainties are discussed in the Company’s reports to shareholders and other documents filed with the Canadian Securities Regulatory authorities. Technical information and results presented here have been reviewed by Chad Ulansky, PGeol, a qualified person under National Instrument 43-101, who is responsible for the technical content of this release.

  3. Mission Statement “Northern Uranium is focused on discovering a world class uranium deposit within its Northwest Manitoba project”

  4. Experienced Management Chad Ulansky, PGeol - President and CEO -25 years of international exploration experience Gennen McDowall, B.Sc. – Director -over 30 years of international exploration experience with an uranium focus Jennifer Irons, CPA, CA - Director -10 years of accounting and financial reporting experience Keiven Bauer, CMA – COO -30 years experience as a Management Accountant Charles Fipke, PhD – Advisor and significant shareholder -discovered the Ekati Diamond Mine

  5. Property on Mine Trend

  6. Athabasca Uranium Deposits • The uranium deposits of the Athabasca basin have exceptionally high grade • Cigar Lake and McArthur River have in excess of 20% U3O8 • Even at $30/lb, this equates to an in situ rock value of $13,200 per tonne

  7. Target Deposit Type McArthur River Cigar Lake Sediment and Basement Hosted End Members

  8. Exploration Techniques • Prospecting • To locate uraniferous boulders • Magnetics • Assists in defining structural preparation (faulting) • Electromagnetics • Maps out graphitic units (conductors) • Gravity • Defines areas of potential alteration (gravity low) • Radon • Indicates the presence of uranium at depth

  9. Prospecting Results • Abundant uraniferous mineralization identified • In situ at up to 9.5% U3O8, boulders up to 66% U3O8

  10. Airborne Magnetics • Shows faulting which could provide an important pathway for mineralizing fluids

  11. Airborne Electromagnetics • Identified a 35km long conductor (graphitic unit?) which, as a reductant, would promote the precipitation of uranium mineralization

  12. Ground Gravity • Gravity lows possibly reflect alteration haloes which could be caused by mineralizing fluids

  13. Fundamentals of Radon Surveys • As a gas it can migrate up through permeable rock and soil to surface • Thus anomalous concentrations of radon gas can reflect uranium mineralization at depth Radon gas is produced by the decay of uranium

  14. Exceptional Radon Results

  15. Summary • All of the work completed to date supports the presence of high grade uranium mineralization on the project • Abundant uraniferous boulders and in situ mineralization • Numerous faults as shown on the magnetic survey • A 35km long conductor interpreted to be graphitic • Large gravity lows possibly reflecting alteration haloes • Exceptional radon results on land and in water

  16. Future Work • An extensive drill program is currently underway • A Rotary Air Blast drill is being used to rapidly assess targets • A diamond drill will follow up on mineralized intersections

  17. Earn-In Terms • Northern Uranium can earn up to an 80% interest through a 3 stage earn in: • 50% - spend $3.2M by the end of 2014 ($1.9M spent to date) and issue 4.5M shares and 2.25M warrants • 70% - spend $2.8M and issue 2.5M shares and 1.25M warrants within an additional 2 years • 80% - spend $5.6M and issue 5M shares and 2.5M warrants within an additional 2 years

  18. Current Structure TSX-V: UNO Shares outstanding: 42,309,016 52 week high: $0.30 52 week low: $.085 Market cap: ~ $5 million Insider Ownership: ~ 9M shares (22%)

  19. 203-1634 Harvey Ave Kelowna, BC V1Y 6G2 Tel: +1 250 448 4110 Chad Ulansky, President

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