Enabling the New Energy ParadigmJu ly 2 0 1 9

T S X V: P L U | OT C Q B : P L U U F

Cautionary Language

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This presentation is provided for informational purposes only and the opinions expressed are based upon our analysis and interpretation and are not to be construed as asolicitation or offer to buy or sell the securities mentioned herein. The particulars contained herein were obtained from sources which we believe reliable but are notguaranteed by us and may be incomplete. This presentation includes forward-looking information or forward-looking statements concerning the future performance ofPlateau Energy Metals Inc.’s (“Plateau” or the “Company”) business, operations and financial performance and condition, as well as management's objectives, strategies,beliefs and intentions that involve risks, uncertainties and other factors that could cause actual results to be materially different from those expressed or implied by suchforward-looking statements. Except for statements of historical fact relating to Plateau, certain information contained herein constitutes forward-looking statements.Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend", “could”, “might”, “believe”,“potential”, “amenable” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and reasonable expectationsof management and there can be no certainty that they will accurately reflect actual results. All forward-looking information is inherently uncertain and subject to a varietyof assumptions, risks and uncertainties, including but not limited to, the speculative nature of mineral exploration and development, the availability of financing, fluctuatingcommodity prices, competitive risks, variations in grades or recovery rates, the interpretation of drill results, the geology, grade and continuity of mineral deposits andconclusions of economic evaluations, results of any initial feasibility, pre-feasibility and feasibility studies, and the possibility that any future exploration, development ormining results will not be consistent with our expectations. Mining and development risks, including risks related to accidents, equipment breakdowns, unanticipateddifficulties with or interruptions in exploration and development, the potential for delays in exploration or development activities or the completion of feasibility studies, ifany, the uncertainty of profitability based upon the cyclical nature of the industry in which we operate, delays in obtaining governmental approvals or in the completion ofdevelopment or construction activities, risks related to environmental regulation and liability, political and regulatory risks associated with mining and exploration, risksrelated to the certainty of title to our properties, risks relating to international operations, fluctuating currency exchange rates, changes in project parameters, the possibilityof project cost overruns or unanticipated costs and expenses, labour disputes (including work stoppages and strikes) and other risks of the mining industry, failure of plant,equipment or processes to operate as anticipated, as described in more detail in the Company's recent securities filings available at www.sedar.com. Actual events or resultsmay differ materially from those projected in the forward-looking statements and Plateau cautions against placing undue reliance thereon. Neither Plateau nor itsmanagement assume any obligation to revise or update these forward-looking statements, except as required by securities laws. This presentation summarizes informationabout the Company and readers are encouraged to review Plateau’s complete public disclosure.

All dollars referenced throughout this presentation are USD, unless otherwise noted.

Qualified Persons and Technical ReportsMr. Ted O’Connor, P.Geo., a Director of Plateau Energy Metals, and a qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects,has reviewed and approved the scientific and technical information contained in this presentation. Further information about the Falchani Lithium and the MacusaniUranium projects are available in the NI 43-101 Technical Reports filed on SEDAR: “Mineral Resource Estimates for the Falchani Lithium Project in the Puno District of Peru"prepared by Mr. Stewart Nupen, of The Mineral Corporation, effective March 1, 2019 and "Macusani Project, Macusani, Peru, NI 43-101 Report – Preliminary EconomicAssessment” prepared by Mr. Michael Shor and Mr. Thomas Apelt, of GBM Minerals Engineering Consultants Limited; Mr. David Young, of The Mineral Corporation; and Mr.Mark Mounde, of Wardell Armstrong International Limited dated January 12, 2016, respectively.

The preliminary economic assessment is preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have the economicconsiderations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will berealized. Mineral resources are not mineral reserves and do not have demonstrated economic value.

Plateau’s Projects in Peru

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Falchani LithiumA Clean Tech Strategic Asset

Macusani Uranium A Green Energy Enabler

FALCHANI LITHIUM PROJECT

The Electric Revolution

Plateau Energy Metals

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Source: World Health Organization

91%Of the world’s population lives in places where air quality exceeds WHO guideline limits

3.8 millionDeaths every year as a result of exposure to smoke from dirty cookstoves and fuels

4.2 millionDeaths every year as a result of exposure to ambient (outdoor) air pollution 5

Pollution is the Driving Force

Source: Benchmark Mineral Intelligence, February 2019 publication (Financing 2030: How Much Money & Material is Needed to Make the EV Supply Chain Happen?)

The World is Changing

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CanadaTarget of 30% penetration of EV sales by 2030 (Quebec targeting 100% zero emissions by 2050)

BC recently tabled Zero Emissions Vehicles Act – 100% zero emission new vehicle sales by 2040, targets starting 2025 at 10%

USANo federal target set, 10 states have set targets for 100% zero emissions vehicles by 2050

Mexico & BrazilTarget of 30% penetration of electric vehicle sales by 2030

IsraelProposal to end ICE sales by 2030

IndiaProposal to end ICE sales by 2030

ChinaTarget of 5% penetration of EV sales by 2020, 20% by 2025

Japan & South KoreaTarget of 30% penetration of EV sales by 2030

Government Policy Continues to Support Electric Vehicle Adoption

UK & FranceProposal to end ICE (internal combustion engines) by 2040

Norway & NetherlandsProposal to end ICE sales by 2035

GermanyProposal to end ICE sales by 2030

ItalyTarget of 30% penetration of EV sales by 2030

EuropeConsiderations for EU wide ban of ICE by 2030

Source: Visualist Capital (February 2017)

Lithium-ion batteries are essential in current and future technology as the world becomes greener.

Lithium – The Adopted Battery Technology

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Since 2010, +80% reduction in cost per kWh, and with 25% of the cost of an electric vehicle (EV) being the battery, more affordable EVs will hit the market, leading to mass adoption.

Source: Benchmark Mineral Intelligence

Lower Battery Costs = Mass Adoption

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Growing Sectors Consumers Demand

Demand for lithium is growing 20% per year *

* Source: Benchmark Mineral Intelligence

Lithium – A Growing Need

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Electric Vehicle Adoption Rates

Source: Dent Research

EV – Be an Early Investor

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Quality

• Met testing indicates a high purity battery grade (> 99.5%) lithium carbonate product can be produced ***

Development Potential

• Amenable to open pit mining

Growth Potential

• Estimated to be 6th

largest Li deposit globally*

• Resource estimate** based on only ~30% of target area

Excellent Infrastructure• Easy transport• Low cost power• Labour• Water

Supply Security (Peru)

• Geopolitical stable jurisdiction

• Responsible mining practices

* Based on the Company’s review of publicly available information as at March 4, 2019** See appendix for resources*** Refer to the Company’s new release on July 18, 2019

Falchani Lithium ProjectA clean tech strategic asset

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Falchani Lithium: Growth Plan

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Kick off PEA

Appointed Advisory Board

Resource Update• Expanded resources

+90%

David Laing

Q1 2019(complete)

Q1 2019(complete)

Q1 2019(complete)

Metallurgical Studies Ph II• Completed Phase II work program

that determined tank leaching and sulfation baking can produce a high purity (> 99.5%) lithium carbonate

Mid 2019(complete)

Techno-economic trade-off Studies• High level trade-off study

selected tank leaching as the preferred processing route

Mid 2019Falchani PEA• Targeting PEA mid 2019

Mid 2019(complete)

Cleaner, Safer & Efficient Energy

Plateau Energy Metals

Source: World Health Organization and Cameco (2018)

Nuclear Energy is Clean

4.2 millionDeaths every year as a result of exposure to ambient (outdoor) air pollutionSource: World Health Organization

Source: http://www.world-nuclear.org/nuclear-basics/greenhouse-gas-emissions-avoided.aspx 14

To produce the same amount of electricity, nuclear

energy produces 96% less CO2 than oil

* Source Harvard University (http://sitn.hms.harvard.edu/flash/2016/reconsidering-risks-nuclear-power/)15

Nuclear Energy is Safe

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“…On a per kWh of energy produced basis, both the European Union and the Paul Scherrer Institute, the largest Swiss national research institute, found…. nuclear power is the benchmark

to beat, outranking coal, oil, gas, and even wind by a slight margin as the least deadly major energy resource in application.”

Source Harvard University (http://sitn.hms.harvard.edu/flash/2016/reconsidering-risks-nuclear-power/) 15

Nuclear Energy is Efficient

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Nuclear – Growing Capacity

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2 reactors2500 Gross MWe

1 reactors29 Gross MWe

4 reactors6290 Gross MWe

8 reactors7080 Gross MWe

30 reactors31196 Gross MWe

4 reactors5600 Gross MWe

Total Nuclear ReactorsUnder Construction

Reactors = 49Gross Mwe = 52,695

Source: World Nuclear Association (June 2019)

450Nuclear reactors in operation today

10%Of the world’s energy is nuclear

30New countries are planning nuclear

17Source: World Nuclear Association (June 2019)

Strong Project Economics (1)(2)

• NPV = US$603M• IRR(8%) = 40.6%• Payback = 1.8 yrs• Large, low cost

Growth Potential

• Scalable, flexible mine plan

• Porous volcanic rock -> rapid leach, low acid

Control all U3O8 Resources

in Peru (1)

• M&I resources = 52.9 Mlbs U3O8

(3)

• Inferred resources = 72.1 Mlbs U3O8

(4)

Excellent Infrastructure• Easy transport• Low cost power• Labour• Water

Located in Peru

• Geopolitical stable jurisdiction

• Responsible mining practices

(1) See IMPORTANT CAUTION regarding PEA on slide 2 (2) Using US$50/lb uranium price(3) At an average grade of 248ppm (75ppm U cut off). Refer to appendix for details about the Macusani NI 43-101 Report and qualified persons(4) At an average grade of 251ppm (75ppm U cut off). Refer to appendix for details about the Macusani NI 43-101 Report and qualified persons 18

Macusani Uranium ProjectA green energy enabler

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Macusani Uranium: Growth Plan

Corporate

Plateau Energy Metals

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Corporate Overview

Philip Gibbs

CFO

● Toronto ● CMA● 30+ years financial management

experience

TechnicalConsultants

Alex Holmes

CEO & Director

● Vancouver ● Capital Markets● Project Evolution ● MSc IM● Prev. VP BD True Gold Mining

Shares outstanding* ~79.5 millionOptions ~7.8 M @ C$0.35 – C$1.14Warrants ~5.0 M @ C$0.90 – C$1.25

Fully diluted ~92.3 million

TSX-V: PLU | OTCQB:PLUUF

Laurence Stefan

President, COO & Director

● Peru ● Geologist● Exploration & Dev. ● PhD● Founder since 2007

Ted O’Connor

Prof. Geologist & Director

● Saskatoon ● Geologist● Uranium Expert● 20+ years Cameco

Wayne Drier

Director

● Vancouver ● Finance & Ops● CFO, Ero Copper

Alan Ferry

Chair, Director

● Toronto ● Geologist, Analyst● Former Lead Director, Guyana

Goldfields

Maryse Belanger

Director

● Vancouver ● Engineer & Ops● President & COO, Atlantic Gold

Christian Milau

Director

● Vancouver ● Finance & Ops● CEO, Equinox Gold

Analyst Coverage

Market capitalization ~C$57 millionRecent share price* C$0.72

* As at July 5, 2019

Data compiled by Haywood Securities Research, Company data and publicly available information as at June 24, 2019(1) Peer group average excludes Pure Energy and Plateau Energy Metals(2) Peer group average excludes Azarga Uranium and Plateau Energy Metals

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Compelling Valuation

Lithium Peers(EV/tonne Li2O equiv.)

Uranium Peers(P/NAV)

0.56

0.320.30

0.270.25

0.120.09

AzargaUranium

LaramideResources

NexGenEnergy

FissionUranium

Peer groupaverage

VimyResources

$154

$58 $55 $53 $51 $47

$19

Pure Energy LithiumAmericas

BearingLithium

Peer groupaverage

MillennialLithium

AdvantageLithium

(1) (2)

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Current Share Price vs Implied Share Value *

* Implied Share Value is for illustrative purposes only and Plateau Energy Metals Inc. makes no representation or guarantee the Implied Share Value is reflective of true market value or that the Implied Share Value will be reached in the future(1) Current share price and USD:CAD exchange rate as at June 24, 2019(2) Implied share value for lithium is based on the Peer Group Average (excluding Pure Energy and Plateau) for EV/ tonne Li2O (equiv) as noted on slide 22 (3) Implied share value for uranium is based on the Peer Group Average for P/NAV (excluding Azarga Uranium and Plateau) as noted on slide 22 Data compiled by Haywood Securities Research, Company data and publicly available information as at June 24, 2019

TSX-V: PLU OTCQB: PLUUF

$0.00

$0.50

$1.00

$1.50

$2.00

$2.50

$3.00

$3.50

$4.00

$4.50

C$0.62

Uranium

C$2.50 (3)

Current stock price (1) Implied Share Value *

Lithium

C$1.68 (2)

$0.00

$0.50

$1.00

$1.50

$2.00

$2.50

$3.00

$3.50

$4.00

$4.50

US$0.47

Uranium

US$1.88(3)

Current stock price (1) Implied Share Value *

Lithium

US$1.27 (2)

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Appendix

Plateau Energy Metals

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High Grade Lithium-rich tuff~3,300 ppm Li

• Indicated *: ~42.5Mt at 3,491 ppm Li (0.79Mt Li2CO3) (equiv.) • Inferred *: ~123.6Mt at 3,243 ppm Li (2.13Mt Li2CO3) (equiv.)

Lithium-rich tuff + Upper & Lower Breccia

• Indicated *: ~60.9Mt at 2,954 ppm Li (0.96Mt Li2CO3) (equiv.)• Inferred*: ~260.1Mt at 2,706 ppm Li (3.75Mt Li2CO3) (equiv.)

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Lithium Resources

Image: Outcropping Li-rich tuff

* As per the “Mineral Resource Estimates for the Falchani Lithium Project in the Puno District of Peru" prepared by Mr. Stewart Nupen, of The Mineral Corporation, effective March 1, 2019.

2626

Uranium Resources

Uranium Resources* (200 ppm U) Uranium Resources* (75 ppm U)

* As per the "Macusani Project, Macusani, Peru, NI 43-101 Report – Preliminary Economic Assessment” prepared by Mr. Michael Shor and Mr. Thomas Apelt, of GBM Minerals Engineering Consultants Limited; Mr. David Young, of The Mineral Corporation; and Mr. Mark Mounde, of Wardell Armstrong International Limited dated January 12, 2016.

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PlateauEnergyMetals.com

(416) 628-9600

Alex@PlateauEnergyMetals.com

@pluenergy

Alex Holmes, CEO & Director

PlateauEnergyMetals.comT S X V: P L U | OT C Q B : P L U U F