Looking for low cost uranium production by In-situ Recovery (ISR) in Chubut Province

Patagonia Argentina

Corporate Presentation August 2014 1

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• [The presentation and information contained in this document (the “Presentation”) does not purport to contain all information that a prospective investor may require and is subject to updating, revision and amendment. This Presentation neither constitutes nor forms nor should be construed as constituting or forming part of any offer or invitation to sell or any solicitation of any offer to purchase or to subscribe for any securities in UrAmerica Ltd. (the “Company”) or any other body corporate (the “Transaction”) nor shall it or any part of it, or the fact of its distribution, form the basis of or be relied on in connection with any contract therefore.

• This Presentation has been prepared by and is the sole responsibility of the Company. No representation, undertaking or warranty is made or given, in either case, expressly or impliedly, by the Company or any of its subsidiaries or any of their respective directors, officers, employees, advisers or agents as to the accuracy, fairness, reliability or completeness of the information contained herein or as to the reasonableness of any assumptions on which any of the same is based or the use of any of the same. Accordingly, no such person will be liable for any direct, indirect or consequential loss or damage suffered by any person resulting from the use of the information or opinions contained herein (which should not be relied upon), or for any opinions expressed by any such person, or any errors, omissions or misstatements made by any of them, save in the event of fraud. Prospective investors are encouraged to obtain separate and independent verification of information and opinions contained herein as part of their own due diligence. This document does not constitute a recommendation regarding the shares of the Company.

• This Presentation is exempt from the general restriction in section 21 of Financial Services and Markets Act 2000 (as amended) (“FSMA”) on the communication of invitations or inducements to engage in investment activity pursuant to the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Financial Promotion Order”) on the grounds that it is directed only at the following, being persons who the Company reasonably believes to be: (a) persons having professional experience in matters relating to investments (being “Investment Professionals” within the meaning of article 19(5) of the Financial Promotion Order); and/or (b) persons who fall within article 49 of the Financial Promotion Order (high net worth companies, unincorporated associations etc.). By attending this Presentation, you represent and warrant that you are a person who falls within the above description of persons entitled to attend this Presentation. The content of this Presentation is not to be disclosed to any other person or used for any other purpose, and any other person who receives this Presentation should not rely or act upon it. Any investment or investment activity to which this Presentation relates is available only to such persons and will be engaged in only with such persons.

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• The information and opinions contained in this Presentation are provided as at the date of this Presentation and are subject to change without notice. Save as otherwise expressly agreed, none of the above should be treated as being under any obligation to update or correct any inaccuracy contained herein or be otherwise liable to you or any other person in respect of any such information. In particular, and without limitation, nothing in this Presentation should be relied on for any purpose.

• This Presentation may contain certain forward-looking statements and projections. Such statements and projections relate to future events or future performance and reflect management's expectations regarding the Company’s growth, results of operations, performance and business prospects and opportunities. Such forward-looking statements reflect management’s current beliefs, are based on information currently available to management and are based on reasonable assumptions as of this date. No assurance, however, can be given that the expectations will be achieved. A number of factors could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this announcement. While the Company makes these forward-looking statements in good faith, neither the Company, nor its directors and management, can guarantee that the anticipated future results will be achieved.

• Any reference to the Company includes its legally owned subsidiaries.]

Disclaimer

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Presentation outline

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UrAmerica Ltd. Overview

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Chubut Project

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Uranium: present & future

Investment Opportunity

21-25

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Board of Directors

Omar Adra – Founder, Executive Director & CEO - Entrepreneur with over 20 years experience in business. Strong networks in the public and private sectors.

Damien Hackett – Chairman - Former Vice Chairman – Mining Advisory in Corporate Broking at Canaccord Genuity. Previously Head of Research (UK) & Global Co-Head of Mining at Canaccord Genuity Limited and Global Head of Metals and Mining Research at Credit Suisse. A graduate of the Australian National University in Australia with experience in project evaluation from Canadian mining consultants Watts Griffis and McOuat, in the iron ore industry at Mining Area “C” now one of BHP Billiton's key operations in Australia and then in Saudi Arabia with the Directorate General of Mineral Resources.

Neil Herbert – Non-Executive Director - Former CFO of Uramin (bought by AREVA in 2007 for US $2.5B), former Co-Chairman & Managing Director of Polo Resources, an investment group who sold its 9% holding of Extract Resources to Itochu.

Ian Stalker – Non-Executive Director - Former CEO of Uramin, Niger Uranium, Berkeley Resources, Brazilian Gold Corp. Currently Chairman and Director of Azincourt Uranium. Successfully managed eight mining projects worldwide through feasibility studies, development and construction phases.

Hernan Celorrio – Non-Executive Director - Former President of Barrick Gold’s subsidiary in Argentina for 10 years. Opened the Veladero Mine, biggest gold producer in Argentina. Attorney at law specialized in mining, natural resources & foreign investment. Strong institutional & political relationships.

Edgardo Lucas – VP Corporate Development

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UrAmerica at a glance

GOALS ACHIEVED

Renown Board of Directors

-Founder & CEO, argentinean

entrepreneur, with presence in the project

on a monthly basis.

-Experienced board of directors with

substantial uranium track record.

Dynamic & Lean Local Management Team

-Professional in-house & on-site geological

teams. -In-house RC drilling

crew and drill rig.

Strategic JVs and alliances

-Consolidated the largest uranium-prospective land

position within the San Jorge Basin, which includes licenses

adjacent to National Atomic Energy

Commission’s (CNEA) Cerro Solo Deposit.

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US$10M investment from Cameco

Strategic land position Consolidation and Initial Exploration

Fast track 24,000 m drilled in 18 months with low costs

NI 43-101 resource inferred 19.1M lbs eU3O8 @ avg 310ppm eU3O8

Metallurgical test work & PEA in progress

2011

2012-2013

2013

2014

Milestones to date

2007-2010

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Development & Fundrising 2014-2015

Fundrising estimation to Pre-Production

Drilling & Resource Upgrade. Up to 2.000m DD

Preliminary Economic Assesment (PEA)

Pre-Feasibilty Study (PFS) and Bankable Feasibility Study (BFS) before plant & wellfield development

US$ 2M

US$ 1M

US$ 3M

US$ 5-10M

Use of proceeds

Development: RC Drilling & field exploration, Hydrological, Leach testing, Environmental impact assessment, permitting , etc.

Current Funds

Plant design & construction BANKABLE LOAN

Exploration permits located 350km SW of Chubut’s capital city, in San Jorge Basin

Easily accessed by national road #25

Operations in an extensive plateau, with some hills. The average height is 800m

UrAmerica in Chubut - San Jorge Basin

San Jorge Basin San Jorge Basin contains Jurassic and Cretaceous continental sediments, hosting important oil, gas, uranium, silver and copper deposits over an area of 180,000km2 with existing U occurrences

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*

* Owned & JVs

Perfect Mining Environment Minimal environmental impact.

Mining activity is supported by local community.

Easy access and operations using existing roads.

Province of Chubut Argentina

Australia

Canada

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Initial Permits

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*

Consolidated Land Position

In-house Land Management team with vast experience. Play locally with internal and re-known mining legal advice.

Full copy of mining files at UrAmerica´s HQ for follow up and facilitate due diligences.

11 * Owned & JVs

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NI43-101 Resource Report (Sept 17th 2013)

UrAmerica have drilled over 24,000 meters in 18 months, which provided data for a Mineral Resource Estimate totaling 27.9 million tonnes with an average grade of 310 ppm eU3O8 for a contained 19.1M lbs of eU3O8 using a cut- off grade of 200 ppm.

Achieved Short Term Objective

2011 Goal: 15M lbs U3O8 in a 27,000 m drilling program planned.

19.1M lbs eU3O8 with an avg grade of 310 ppm eU3O8 discovered by 2013 as result of an intensive drill program.

Mineral Resources based on a cut-off grade of 200ppm U3O8.

24,000 meters drilled in 18 months.

Metallurgical test work in progress

Graphic log for mineralised layers P1 and P2 at Plateau West, in this intersection within a package of sandstones and silty sandstone. Grades by assay on the left

and by probe on the right.

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Mid Term Objective – 100M lbs U3O8

Target Ganso: Borehole RC_12_0130: 3 intervals of significant uranium mineralization, the best interval being 7 metres grading 668 ppm U3O8 from a depth of 131.5 metres. This borehole is one of the best of the project to date and ‘step-out’ drilling is planned to test the area around it.

Target Contreras-shallow mineralisation-4kmx4.5km: only 6 holes drilled. An extensive organic rich layer within lacustrine sediments is exposed at surface or under thin (1 to 20 metres) cover, over a large area. The best intersection was 2.6 metres grading 225 ppm eU3O8 from 6.5 metres depth. Grab samples from the mineralised layer typically range 200-800 ppm molybdenum.

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Overview of the project base

UrAmerica strengthen its operational costs by negotiating good contracts with suppliers. Acquired in-house Track-mounted RC Drill Rig. Low cost profile to progress to our Mid Term objective.

The Company has in-house accommodation and technical offices in Paso de Indios.

Our Warehouse is right next to the main road and permitted to store the RC samples. The WH has enough capacity to keep growing on a modular basis.

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Corporate Responsibility - RSE

UrAmerica has integrated itself as a member of the local community.

Acquires as many supplies/services in Paso de Indios as possible.

Supports activities in local schools.

Provide training and employment opportunities in an array of professions for the local people.

UrAmerica upholds the highest environmental, safety and hygiene standards, in compliance with Provincial laws and regulations.

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School Police office

City Hall Hospital

In-situ Recovery – 48% of Global Production

In-situ Recovery is a low cost method of uranium extraction, with minimal enviromental impact

Bicarbonate and Oxygen based solutions pumped into wells.

Solutions liberates

uranium from sandstones and is pumped to the surface.

No movements of rocks,

dust nor tailings. Low cost and low

enviromental impact. Remediation is low cost.

Source: World Nuclear Association 17

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Uranium: The supply crunch

2013 Demand to equal 143M lbs U3O8 – Current output 121M lbs*

Uranium: Present and Future Nuclear power generation today

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Dependence on foreign uranium by the World´s largest electricity consumers:

US consumes 50M pounds per year but only produces 4M.

China consumes 19M pounds per year, forecasted to grow to 73M by 2030, but only produces 3M per year.

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Uranium: Present and Future

Argentina consumes 0.7M pounds per year but all the uranium is imported, there´s no local production.

Advantages of producing in Argentina Captive Domestic Demand 3 nuclear reactors in operation. Total yearly estimated consumption: 265tU (almost 700,000 lbs U3O8)* The 4th and 5th reactors will be biding during 2014. No domestic production since 1995. U3O8 being imported by CNEA.

→ CNEA reprocesses the U3O8 into UO2 pellets to fuel reactors. → 100% of the uranium needed is being imported. → Argentina carries out almost all the steps in the fuel cycle. → Finding additional domestic uranium resources is critical to the future development of Argentina nuclear industry ambitions. → Argentina has a strong energy deficit. *Source: Uranium 2011: Resources, Production and Demand – NEA/IAEA

Just with the initial discovery of 19.1M lbs U3O8, UrAmerica is ready to supply the local market needs for almost 30 years.

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Advantages of producing in Argentina

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The national electric matrix has a high dependence on fossil fuels, basically oil, gas & coal.

Nuclear resource will increase substantially during the next 20 years.

Energy sources such as gas, oil and coal tend to be reduced drastically.

Energy policies are having today an important role in the economy debate since Argentina has lost self-sufficiency related to energy.

Electric Matrix scenario 2010-2030

Electric Matrix Today

Source Energy Renewable Group: IRESUD-INTI-AVINA-FCD-FDL-FVS-AAEE-CADER

Cameco, one of the world’s largest uranium producer, invested US$ 10M for 19.9% equity interest in UrAmerica Ltd in October 2011 (US$ 50M valuation with no resources at that time). Extensive geological and legal due diligence carried out by recognized Law firms. Joint Technical Committee followed up the use of proceeds progress aligned with the program and budget. Unique Strategic Alliance allowed UrAmerica to maintain its upside potential. Cameco has recognized the efficiencies and use of proceed s carried out by UrAmerica. In October 2013, UrAmerica and Cameco dissolved their Strategic Alliance by mutual consent as Cameco changed its global exploration strategy. Patagonia Resources Ltd. acquired Cameco´s share position in UrAmerica, strengthening its position and commitment in the company and the development of our successfully JV.

Cameco Investment & Strategic Alliance

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Successful Fast Track Discovery 2012 2013 2014 2015 2016

I II III IV I II III IV I II III IV I II III IV I II III IV

Drilling →

Field Exploration →

NI 43-101 Resource Definition

PEA → Feasibility Study

Plant Construction

Production

From Exploration to Production

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Investment Opportunity

We invested and discovered uranium with a low profile. As a private company, we didn´t do it in the speculative junior traditional way. Initial 19.1M lbs eU3O8 inferred resource discovered costs were 12 times less compared to benchmark. There is a perfect environment to explore and produce with infrastructure and roads already built by the National and Provincial Government, compared with other uranium producer countries. ISR metallurgical test work in progress. Production becomes profitable and brings us funding to continue developing exploration and give dividends for shareholders.

Pre-estimation investment to develop pre-production is between US$ 5-10M. The ISR plant construction could be funded by bankable loan.

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Argentina Recent News

August 30, 2013 YPF-Chevron agreement. Neuquen Goverment approved the grant of YPF Loma Campana up to 2048, entering effective agreement with Chevron. Inmediate payment of US$300M to pay 50% of the work already done in areas of YPF. April 6, 2014. In August last year YPF and Chevron signed an investment agreement to develop an area of Vaca Muerta. Now they're about to seal the second part of that agreement, with investments totaling U.S. $ 15,000 million over 35 years. The country has some of the world's largest reserves in shale oil and gas. YPF materialized a successful international placement in ON for $ 500 M, with more than a hundred international investors who bid on a total of about US$2B, four times more tan expected.

October 30, 2013. The very high mark “A2” which received the Bond for Infrastructure Development in Chubut (Bodic 1) with respect to other provinces was formally presented by the Governor, Martín Buzzi who said that it generates " great expectations " regarding its placement in the markets.

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April 25, 2014. Mohammed meets Argentine President. UAE, Argentina sign MoC on peaceful use of nuclear energy. Sheikh Mohammed bin Rashid Al Maktoum described Argentina as a country that is rich in natural resources. He found a sincere desire for building strong and multi-faceted bridges with UAE, in mutual investment and exchanging visits in particular.

May 29, 2014. Argentine Government signed an agreement with the Paris Club which includes U$S 9.700 millon repayments in five years period. “By reaching this agreement, export credit agencies are now open for business in Argentina, which could be good news for European exporters and investors”

August 20, 2014. President Cristina Fernández de Kirchner’s government wants to service the country’s debt in Argentina or allow bondholders to swap their bonds for new ones governed by national law in order to get around a US court order. The opposition rejects this proposal and claims for a conclusive and definitive solution.

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www.uramerica.co.uk

Argentina shows an incoming booming opportunity in natural resources & energy in an under-developed sector

compared to other countries in Latin America