kivalliq energy presentation for web may 29 2012 hi rez

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September 2010

Developing Northern Canada’s Highest Grade Uranium Deposit

May 2012

Advancing Northern Canada’s Highest Grade Uranium Deposit

KIV: TSX-V kivalliqenergy.com

Corporate Information As at May 29, 2012

Corporate Structure Shares Outstanding 173,050,370.00 Fully Diluted Shares 196,410,864.00 Working Capital C$16.49 million Warrants weighted avg strike $0.39 11,198,994.00 Options weighted avg strike $0.43 12,161,500.00 Market capitalization (@ $0.40 ) C$69.22 million Average Trading Volume (3 months) 210,110

Kivalliq Team John Robins, P.Geo., Chairman Jim Paterson, CEO, Director Jeff Ward, BSc, P.Geo., President Andrew Berry, COO Jonathan Singh, BAccS, CGA, CFO Bill Cronk, Exploration Manager Jim Dawson, MSc., P.Eng., Director Garth Kirkham, BSc, P.Geo, P.Geoph, Director Dale Wallster, Director Blair Lockhart, Corporate Secretary Rob Carpenter, PhD., P.Geo., Technical Advisor

Ownership Insiders: 5%; Lumina Capital: 18.17% & 19.06% fully diluted; Close associates: 26% Resource/Mining Funds: 11% Recent Financing Q2 2012: 16.77 million FT shares at $0.50 7.12 million NFT shares at $0.45 Q1 2012: 6.85 million FT shares at $0.52 13.13 million NFT shares at $0.45

2


Lumina Capital Invests

Lumina Increases Investment

Lumina Increases Investment

14.15 Mlbs Resource Announced

Fukushima

Kivalliq Raises $12.5M Lumina Increases Investment

16,600 m Drilling 30,000 m Drilling

27.13 Mlbs Resource Announced

Trading History December 31, 2009 – May 29, 2012

Ura

nium

Spo

t Pric

e (U

SD/lb

) Kivalliq Stock Price (CN

D)

40

80

60

U Spot Price

2010 2011 2012 3

Kivalliq Raises $9.5M Lumina Increases Investment

Kivalliq Raises $11.5M Bought deal private placement


Angilak Property

Summary

• Highly prospective property initially discovered 1970’s

• 252,830 acres in Nunavut Territory, Canada

• High-grade 27.13 M lbs inferred resource (1,779,000 tonnes grading 0.69% U3O8 at 0.2% cut off)

• Partnership with local Inuit landholders “NTI”

• High rate of discovery and resource expansion

4


Program Budget

$2M $1.5M $9M $17M

Milestones NTI partnership;

consolidated land position; KIV on

TSX-V

Identified 9 km geophysical trend;

validated high grade historic Lac

Cinquante

NI 43-101 Inferred Resource of 14.15

Mlbs at 0.79% U3O8; Drilling (Blaze) and

prospecting discoveries

Revised Inferred Resource of 27.13 Mlbs

at 0.69% U3O8; new discoveries

(Pulse/Western and Eastern Extensions/BIF)

Work Completed

Data compilation; ground truth 150

showings; 6000 lkm airborne geophysics

1,745m drilled; infrastructure study; deposit modeling; 600

lkm ground geophysics

16,600 m drilling; property wide prospecting;

baseline studies; Resource estimate

30,000m resource / exploratory drilling;

ground/airborne geophysics; property

wide prospecting; baseline studies

Results Driven

2008 2009 2010 2011

5


Inferred Mineral Resource Estimate of 1,779,000 tonnes grading 0.69% U3O8 at a 0.2% cut off

• 27.13 M lbs Uranium • 931, 100 oz Silver • 9.92 M lbs Copper • 6.17 M lbs Molybdenum

6

Resource Increases by 92%

Diamond Drill Rig at the Angilak Property, 2011 Exploration Season


7

Growth Potential Along Trend


Lac Cinquante Mineral Resource

Lac Cinquante Inferred Mineral Resource Estimate 1,779,000 tonnes grading 0.69% U3O8, totalling 27.13 million lbs U3O8 (15.2lbs U3O8/tonne) at a 0.2% U3O8 cut-off grade.

8


Cross Section Examples

9


Continuing Resource Expansion

Western Extension Eastern Extension

Lac Cinquante Inferred Mineral Resource Estimate (January 17, 2012) 1,779,000 tonnes grading 0.69% U3O8, totalling 27.13

million lbs U3O8 (15.2 lbs U3O8/tonne)at a 0.2% U3O8 cut-off grade.

10

Main Zone


High-Grade Uranium Property-Wide

11


Prospecting Discovery - BIF Zone

12


0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

20.00 40.00 60.00 80.00 100.00 120.00 140.00

Gra

de %

U3O

8

Resource M lb U3O8

27.13

27.00

25.74

41.20

103.22

127.00

Resource M lb U3O8

Global Median Grade (Excluding Athabasca Projects)

High Grade Deposit vs Peers As at March 14, 2012

Lac Cinquante Kivalliq Energy Corp.

Matoush Strateco Resources

Kuriskova European Uranium Resources (formally Tournigan)

Falea Rockgate Capital Corp

Kiggavik Areva

Michelin Paladin Energy Ltd.

13


Company Property Stage Avg. Grade (%U3O8)

M & I (M lbs)

Inf. (M lbs)

Total (M Lbs)

Market Cap ($M)

Kivalliq Angilak/ Lac Cinquante Exploration 0.69% 0.00 27.13 27.13 52.20

Hathor Roughrider Pre- Feasibility 2%-11.6% 17.20 40.73 58.00 Rio bid

$654 M

Fission Waterbury Lake Exploration 1.99-0.46% 7.37 1.51 8.88 49.83

Strateco Matoush Adv. Exploration 0.78-0.43% 7.78 19.22 27.00 60.19

Rockgate Falea Adv. Exploration 0.11-0.10% 18.65 7.09 25.74 54.24

European Uranium

Resources (formally Tournigan)

Kuriskova Pre-Feasibility 0.18-0.56% 28.50 12.70 41.20 9.42

Peer Comparison Table As at May 17, 2012

14


2012 Exploration Program

The following summarizes both the first and second phase of the proposed $20 million 2012 exploration campaign:

• 26,000 metres of core drilling • 9,000 metres of RC drilling • Ground geophysical surveys consisting of gravity, magnetics and electro-

magnetics • Continued prospecting to advance high-priority target areas defined by

the 2011 program and identify new targets on a property wide scale • Ongoing modeling, geological, metallurgical, environmental and

archeological studies • Continued emphasis on community consultation • Engineering studies focused on expanding infrastructure to support future

programs • Update to the current Lac Cinquante Inferred Resource by Q2 2013.

15


Investment Highlights

• Experienced Team

• Supportive Shareholder Base

• Landmark Partnership with Inuit

• High-Quality Uranium Project • High rate of discovery and

resource expansion

16

RC Drill Rig at the Angilak Property, 2011 Exploration Season


Disclaimer

This presentation does not constitute an offer to sell or solicitation of an offer to buy any securities of Kivalliq Energy Corporation. The information in this presentation related to the mineral resource estimate has been approved by Robert Sim, P.Geo, of SIM Geological Inc. who is an independent Qualified Person as defined under National Instrument 43-101. Jeff Ward, P.Geo, President of Kivalliq and a Qualified Person for the Company has reviewed and approved the information contained in this presentation and related news releases. FORWARD LOOKING STATEMENTS This presentation contains "forward-looking statements". These forward-looking statements are made as of the date of this presentation and Kivalliq Energy Corporation does not intend, and does not assume any obligation, to update these forward-looking statements. Forward-looking statements include, but are not limited to, statements with respect to the timing and amount of estimated future exploration, success of exploration activities, expenditures, permitting, and requirements for additional capital and access to data. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; the ability to enter into joint ventures or to acquire or dispose of property interests; future prices of mineral resources; accidents, labour disputes and other risks of the mining industry; ability to obtain financing; and delays in obtaining governmental approvals or financing.

17


Appendices

• Warrants and Options Schedule

• Inuit Partnership (NTI)

• Expanding Infrastructure Through Mine Development

• Inferred Mineral Resource Estimate Lac Cinquante Deposit (January 2012)


Warrant & Option Schedule

Warrants Number Strike Price Expiry Date 6,350,000 0.35 28-Jul-12

2,450,000 0.35 10-Sep-12

370,008 0.9 30-Mar-13

249,000 0.5 31-Mar-13

60,000 0.5 5-Apr-13

179,383 0.5 21-Feb-14

146,820 0.55 21-Feb-14

9,805,211 0.38 (weighted average)

Options

Appendix 1

Number Strike Price Expiry Date 28,000 0.36 18-Jun-12

2,025,000 0.15 12-Nov-13

150,000 0.25 11-Aug-14

513,500 0.3 29-Jan-15

1,040,000 0.45 22-Apr-15

20,000 0.4 8-Sep-15

2,610,000 0.5 19-Oct-15

75,000 0.77 22-Feb-16

3,350,000 0.5 19-Jan-17

2,350,000 0.5 25-Jan-17

12,161,500 0.427 (weighted avg)


Inuit Partnership (NTI)

Partnership Terms

• Kivalliq: • First company with right to explore for uranium on

privately-held Inuit Owned Land in Nunavut • 100% interest in Lac Cinquante property

(IOL-RI30)

• Nunavut Tunngavik Incorporated (NTI):

• One million KIV shares over 36 months (fully issued) • Interest in adjacent Angilak mineral claims • Annual advanced royalty payments of $50,000 • $1 million, upon completion of a NI 43-101 measured

resource report of ≥12 Mlbs of uranium • At feasibility, can participate with a 25% funding project

interest or choose a 7.5% net profits royalty (NTI Royalty) • In lieu of royalties to the Government of Canada, an

underlying 12% net profits royalty is payable on Inuit Owned Land (IOL Royalty)

Appendix 2

Rob Carpenter , Director of Kivalliq Energy with Carson Gillis, Director, NTI and CG

“Building a strong and sustainable economy that is supported by the exploration and mining industry is a key objective of the Nunavut Government and Nunavut Tunngavik Incorporated. Nunavut is a pro-mining and pro-uranium jurisdiction that is open for business.” Carson Gillis, Director, Department of Lands and Resources, Nunavut Tunngavik Incorporated (NTI)


Expanding Infrastructure Through Mine Development

Lac Cinquante Uranium Deposit

• Federal Government - focus on Northern development

• Rail to Churchill

• Barge to Baker Lake

• Year round and seasonal road expansion

• Regional airports with scheduled service

• Developments at Kiggavik (Areva) and Meadowbank/ Meliadine (Agnico-Eagle) will add infrastructure options

• Opportunity for year round or seasonal road link to Baker or Rankin

Appendix 3


Inferred Mineral Resource Estimate Lac Cinquante Deposit (January 2012)

Appendix 4

Cut-off U3O8 (%)

Tonnes (T x1000)

U3O8

(%) Ag (g/t) Mo (%) Cu (%)

U3O8 (Mlbs)

Ag (oz x 1000)

Mo (Mlbs)

Cu (Mlbs)

0.10 2163 0.60 14.8 0.14 0.24 28.37 1026.6 6.83 11.64

0.15 1954 0.65 15.7 0.15 0.25 27.8 983 6.46 10.77

0.20 1779 0.69 16.3 0.16 0.25 27.13 931.1 6.17 9.92

0.25 1593 0.75 16.9 0.17 0.25 26.21 865.5 5.8 8.88

0.30 1444 0.80 17.2 0.17 0.26 25.32 800.0 5.45 8.12

0.40 1159 0.91 18.0 0.19 0.25 23.14 668.9 4.75 6.46

0.50 912 1.03 19.5 0.21 0.26 20.71 573.1 4.28 5.15

• The Mineral Resource estimate for Lac Cinquante was prepared under the direction of Robert Sim P.Geo., of SIM Geological Inc. A resource model was generated using drill sample assay results from Kivalliq's 2009, 2010, and 2011 field seasons (up to December 31, 2011), and interpretation of a geological model relating to spatial distribution of uranium. At a base case cut-off grade of 0.2% U3O8, an Inferred Mineral Resource is estimated at 1,779,000 tonnes averaging 0.69% U3O8, containing 27.13 MlbsU3O8. For evaluation purposes, three additional metals: 931,100 oz silver, 6.17 Mlbs molybdenum and 9.92 Mlbs copper have also been estimated within the resource model at a 0.2% cut-off.


Zone Tonnes (T x 1000)

U3O8 (%)

Ag (g/t)

Mo (%) Cu (%) U3O8

(Mlbs)

Ag (oz x 1000)

Mo (Mlbs)

Cu (Mlbs)

Main 923 0.79 13.3 0.22 0.15 16.06 393.0 4.57 3.13 Western

Extension 598 0.57 19.0 0.04 0.38 7.54 365.4 0.59 4.97

Eastern Extension

258 0.62 20.8 0.18 0.32 3.53 172.8 1.02 1.82

Total 1779 0.69 16.3 0.16 0.25 27.13 931.1 6.17 9.92

Notes • Base case cut-off of 0.2%U3O8 is highlighted in the table. • High U3O8 grades were cut to 5% and grade limiting was applied to those grades above 3%. • Mineral Resources are not Mineral Reserves. Mineral Resources do not have demonstrated

economic viability, and may never be converted into Reserves. • Contained metal values may not add due to rounding.

Inferred Mineral Resource Estimate by Zone Lac Cinquante Deposit (January 2012)

Appendix 5


Contact Information

Kivalliq Energy Corporation #1020-800 W Pender Street

Vancouver, BC V6C 2V6

Toll Free: 1.888.331.2269 Fax: 604.646.4526 www.kivalliqenergy.com

For more information, please contact Jim Paterson, CEO,

or Shannon Coutts, Corporate Communications at 604.646.4527 or [email protected]

http://www.kivalliqenergy.com/

mailto:[email protected]

kivalliq energy presentation for web may 29 2012 hi rez

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