#1Blue Sky Uranium Corp. TSX-V: BSK OTC:BKUCF FSE:MAL2 February 2022 2022年2月 Advanced Exploration at the Largest Uranium/Vanadium District in Argentina 在阿根廷最大的铀/钒矿区进 行高级勘探 GROSSO GROUP MEMBER COMPANY www.blueskyuranium.com#2Blue Sky Disclaimers and Cautionary Language Uranium Corp. 免责声明和警示说明 This presentation contains forward-looking information. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this presentation includes, but is not limited to, Blue Sky's objectives, goals or future plans, statements regarding the estimation of mineral resources, exploration results, potential mineralization, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, failure to convert estimated mineral resources to reserves, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failure to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry, and those risks set out in Blue Sky's public documents filed on SEDAR. Although Blue Sky believes that the assumptions and factors used in preparing the forward-looking information in this presentation are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this presentation, and no assurance can be given that such events will occur in the disclosed time frames or at all. Blue Sky disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. The information provided in this presentation is not intended to be a comprehensive review of all matters and developments concerning the Company. It should be read in conjunction with all other disclosure documents of the Company. The information contained herein is not a substitute for detailed investigation or analysis. No securities commission or regulatory authority has reviewed the accuracy or adequacy of the information presented. The Company undertakes no obligation to publicly update or revise any forward-looking statements other than as required under applicable law. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. Uranium deposits and resources owned by other companies referred to in this presentation have not been independently verified by the Corporation and information regarding these deposits are drawn from publicly available information. There is no certainty that further exploration of the Corporation's uranium targets will result in the delineation of a similar mineral resources. Mineral resources, which are not mineral reserves, do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues. The quantity and grade of reported Inferred resources are uncertain in nature and there has been insufficient exploration to classify these inferred resources as Indicated or Measured, and it is uncertain if further exploration will result in upgrading them to an Indicated or Measured category. The PEA is preliminary in nature and is based solely on Inferred Mineral Resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability and there is no certainty that the PEA will be realized. This presentation has been reviewed and approved by David Terry, Ph.D., P. Geo, a Director of the Company and a Qualified Person as defined in NI 43-101. TSX-V: BSK OTC: BKUCF FSE: MAL2 2 www.blueskyuranium.com#3Blue Sky Uranium Investment Highlights / Corp. Uranium Market 铀市场 Project 项目 Set for a global supply deficit/VÆR ► Local in-country demand/ Floor value: 22.7 million lbs. uranium & 11.5 million lbs. vanadium (2019 PEA)/2270万磅铀和1150万磅钒(2019年PEA) Resource open for expansion/资源开放,可供扩展 Key targets identified within the property/ 项目区内关键靶区已确定 145 km property length - district scale/145 区规模 Potential to become 有潜力成为 A world class uranium district with lowest quartile operating costs when compared to global producers > 一个世界级的铀矿区,与全球的生产商相比,运营成 本处于最低的四分之一水平 TSX-V: BSK OTC: BKUCF FSE: MAL2 3 www.blueskyuranium.com#4Argentina Mendoza Blue Sky Uranium Company Overview / A Corp. Blue Sky Uranium Corp. (TSX-V:BSK, OTCQB:BKUCF, FSE:MAL2) is focused on acquiring, exploring and advancing towards uranium-vanadium production. / F 勘探以及向铀-钒生产推进。 ➤ Over 400,000 ha of prospective tenements in Argentina / 在阿根廷有超过40万公顷有前景的矿权 区 ➤ Amarillo Grande Project consists of three major properties: / Amarillo Grande项目由三个主要项目 区组成: Ivana Property / Ivana ☑ Anit Property / Anit☑ Santa Barbara Property / Santa Barbara Rio Negro Chubut TSX-V: BSK OTC: BKUCF FSE: MAL2 4 ° 250 500 kilometres Buenos Aires Amarillo Grande Sierra Colonia Tierras Coloradas Cerro Parva BSK Property Location Exploration Office www.blueskyuranium.com#5Blue Sky A Grosso Group Member Company Uranium Corp. 是Grosso Group的成员公司 GROSSO GROUP ➤ Pioneers of mineral exploration in Argentina since 1993/1993 年起成为阿根廷矿产勘探领域的先锋 Involved with four major discoveries in Argentina: /5] 阿根廷的四个重大发现区: ❖ Gualcamayo Au (Mineros SA) - A top gold producer in Argentina/阿根廷的一家顶级 黄金生产商 Navidad Ag-Pb (Pan American Silver Corp.) Worlds largest undeveloped silver project/IE 大的未开发白银项目 Chinchillas Ag-Pb-Zn (SSR Mining Inc.) A top primary silver producer globally/ 初级白银生产商 Amarillo Grande U-V (Blue Sky Uranium Corp.) ➤ Strong focus on community relations/*<** TSX-V: BSK OTC: BKUCF FSE: MAL2 5 www.blueskyuranium.com#6Blue Sky Team Highlights Uranium Corp. 团队亮点 Joseph Grosso Chairman & Director 董事会主席兼董事 President & Founder of Grosso Group Management Ltd. / Grosso Group Management Ltd.的总裁 兼创始人。 Pioneer in the exploration and mining sector in Argentina since 1993./自1993年以来一直 是阿根廷勘探和采矿业的 先驱。 Nikolaos Cacos, M.I.M. President & CEO, Director 总裁、首席执行官兼董事 Geologist involved in exploration, development and project management in the mining industry for+22 years 地质学家,在采矿业从 事了至少22年的勘探、 开发和项目管理 Guillermo Pensado, M.Sc. / 理学硕士 VP Exploration / 勘探副总裁 TSX-V: BSK OTC: BKUCF FSE: MAL2 One of the founders of the Company with over 28 years of management expertise in the mineral exploration industry. / 公司的创始人之一, 在矿产勘探行业拥有超过28年 的管理经验。 Extensive experience in providing strategic planning to and administration of public companies. / 丰富的 为上市公司提供战略规划和 行政管理的经验。 Over 30 years of uranium experience in Argentina. Senior exploration geologist & mine manager for the Argentinean National Atomic Energy Commission ("CNEA"). /在 阿根廷有30多年的铀矿经 验。阿根廷国家原子能委员 会("CNEA")的高级勘探 地质学家和矿山经理。 Jorge Berizzo, Ph.D./ 博士 Independent Technical Advisor 独立技术顾问 6 Professional economic geologist, senior executive & director with +30 years in the mineral resources sector. 专业经济地质学家、高级 管理人员和董事,在矿产 资源领域拥有30多年经验。 David Terry, Ph.D. P.Geo/博士、专业地质 学家 Technical Advisor, Director / 技术顾问、董事 Specialist in uranium processing for alkaline and acid leach plants. / 碱 浸和酸浸工厂的铀工艺专 家。 Technical consultant to the International Atomic Energy Agency and former President of the CIM. / 国际原子能机构技 术顾问,CIM前总裁。 Chuck Edwards, P.Eng / 专业工程师 Independent Technical Advisor 独立技术顾问 www.blueskyuranium.com#7Blue Sky Strong Uranium Supply/Demand Uranium Corp. Fundamentals / 强大的铀供需基本面 WNA current predictions indicate a material supply deficit in the coming years 世界核协会当前的预测显示未来几年将出现铀材料供应短缺的情况 WORLD NUCLEAR ASSOCIATION 150,000 125,000 100,000 75,000 50,000 25,000 Demand / 需求 (Global Reactor Requirements / 全球核反应堆需求) Gap 缺口 Supply / 供应 0 2018 2020 2022 2024 2026 2028 2030 2032 2034 2036 2038 2040 Current capacity Specified secondary supplies Mines under development Planned mines Prospective mines Unspecified supply Restarted idled capacity Reactor requirements, Reference Scenario TSX-V: BSK OTC: BKUCF FSE: MAL2 7 www.blueskyuranium.com#8Blue Sky Uranium Corp. Uranium Global Production 铀全球产量 ▶ Uranium uses: /铀的用途: * 95% of the world's production used for nuclear power/世界上95%的铀产量用于核电 * 5% for medical, aerospace, electronics / 5%用 于医疗、航天、电子 ▶ Mines final product: Uranium dioxide (U3Og) or natural uranium or yellow cake/矿山的最终产 品:二氧化铀(UgOg)或天然铀或铀精矿 ▶ U3Og is the raw material to be converted, enriched and transformed. to nuclear power / 八氧化三铀是被转换、 浓缩和转化为核能的原材料 》 Natural uranium represents 5 to 7% of total nuclear power cost / 天然铀占核电 总成本的5-7% ▶ Annual global demand: 85,000 tonnes / 全球年需求量:85,000吨 ▶ 10 countries control 98% of the global uranium production/全球98%的铀产量由10 个国家控制 2019 Global Uranium Production / 2019年全球铀生产 Uzbekistan (est.) 乌兹别克斯坦(估测) Russia 俄罗斯 5% Niger 尼日尔 6% Namibia 纳米比亚 10% 4% (Pre-pandemic / 疫情前) China (est.) Ukraine 中国(估测) USA 乌克兰 4% 美国 2% Others 其他1% 0% Australia 澳大利亚 12% Kazakhstan 哈萨克斯坦 43% Canada 加拿大 13% Source: World Nuclear Association 来源:世界核协会 TSX-V: BSK OTC: BKUCF FSE: MAL2 8 www.blueskyuranium.com#9Blue Sky Uranium Corp. Pricing for Natural Uranium 天然铀的定价 80% of the global supply is in Long-Term Contracts/80% #MBŁ 长期合同 Traded through off-take agreements /通过承购协议议进行 Argentina / 阿根廷 交易 Objective to guarantee long-term supply stability/Annual consumption 稳定 225 tonnes 年消费量 225吨 货价格定价的: Usual term: 3-15 years / : 3-15Œ Premium to spot: 30% - 40% /: 30% - 40% 20% of the global supply is priced at spot price: Used for marginal transactions only/仅用于买空卖空 Different trading mechanics compared to other metals/H 比,交易机制不同 20% MÆKN Average CIF(1) price last 5 yrs 过去5年的平均CIF价格 (1) CIF: cost, insure and freight/ USD 65/lb. 65美元/磅 Utanium 25-year Spot Price/25 Source: Trading Economics 5-year Spot Price/5 TSX-V: BSK OTC: BKUCF FSE: MAL2 9 www.blueskyuranium.com#10Blue Sky Uranium Corp. Argentina: Nuclear Infrastructure and Legal Framework/ 阿根廷:核基础设施 和法律框架 ➤ Argentina is currently highly dependent on fossil fuel and hydroelectric power but has an advanced nuclear industry: /of 根廷目前高度依赖化石燃料和水力发电,但拥有先进的核工业: 3 nuclear power plants in operation/3座运营中的核电 站 3 atomic centers/3 1 heavy water plant/1 6 research reactors / 6 反应堆 4 particle accelerators / 4* 子加速器 1 uranium purification plant/1 化厂 Nuclear power industry now expanding: / 核电行业目前正在扩张: 1 nuclear power plant now under construction/1 正在建设中 2 additional in planning & 2 under proposal / 2↑Œ¤µW+, 2个拟议中 No domestic uranium for fuel production: &£** 的铀: Legal Framework guarantees the purchase of uranium by national producers (Ley Nr. 23696, 23697, 24240) / Œ£¤¼Œ (Ley Nr. 23696, 23697, 24240) U & V can be also exported to international customers / 和钒也可以出口给国际客户 TSX-V: BSK OTC: BKUCF FSE: MAL2 10 Sources/来源 United Nations Framework Convention on Climate Change (03/11/16) ¡Americas - Argentina's Energy Transition (03/11/16) www.blueskyuranium.com#11FLEXIROC Allan Diper AMARILLO GRANDE PROJECT AMARILLO GRANDE Rio Negro Province / 内格罗河省 DINK#12Blue Sky Uranium Corp. Blue Sky's Amarillo Grande Project Blue Sky Amarillo Grande | Overview/ The Amarillo Grande Project incorporates a series of new uranium-vanadium discoveries made over 15 years along a 145 km trend covered by ~300,000 ha of mineral rights / Amarillo Grande 项目包含了近15年来在145公里趋势带上发现的一系列 新的铀-钒发现区,覆盖面积约300,000公顷的矿权 Santa Barbara Discovery / Santa Barbara 区(2006) - First uranium found in Rio Negro basin KYAZŁ 发现首个铀矿藏 - Widespread uranium + vanadium on surface along 11 km trend/11¤**, * 分布铀和钒 Anit Discovery / Anit (2008) - 15 km airborne radiometric anomaly / 152+17 常点 - Aircore drilling along 5.5 km averaging 5,560,000 3.450.000 Property Boundary Uranium Vanadium Deposit Uranium Vanadium Mineralization Airborne Radiometric Survey Salar Town Province Road Santa Barbara 3,450,000 N -Anit 145 km Trend National Road Bajo Valcheta 2.6 m @0.03% U3O8 and 0.075% V205* / 5.5 趋势带空心钻探,平均获得八氧化三铀品位0.03%和五氧 化二钒品位0.075%的2.6米矿段 MINISTRO RAMOS MEXIA Ivana Area Discovery / Ivana ☑(2011) Ivana Deposit Discovery / 发现Ivana矿床 (2017) - Initial Resource Estimate (2018) - Initial PEA & new Resource/PEAKI (2019) TSX-V: BSK OTC: BKUCF FSE: MAL2 3.450.000 20 kilometres See press release dated June 16, 2010 *详见2010年6月16日的新闻稿 12 3,450,000 Ivana 3,500,000 IVANAANA DEPOSITOSIT IVANA矿床 VALCHETA 3,500,000 www.blueskyuranium.com#13Blue Sky Uranium Corp. Amarillo Grande Project / Amarillo Grande Rio Negro Province: A Strong Nuclear Jurisdiction 内格罗河省:一个强大的核管辖区 Broad local nuclear experience: research nuclear reactor, hydro-metallurgical lab & pilot U- enrichment plant/ 广泛的本地核经验:研究型核反应堆、水力冶金实验室和铀浓缩试验厂 Good infrastructure: power, water, rail, road/ME: LA, K. *. A Open and mining-friendly jurisdiction: gold, copper and coal exploration companies active in the last year; Calcatreu gold project has been reactivated/开放和对矿业友好的司法管辖区:黄金、铜和 煤炭勘探公司在过去一年很活跃;Calcatreu黄金项目已被重新启动 Blue Sky's projects in mostly semi-desert, low population density areas with low environmental risk / Blue Sky的项目多位于半荒漠地区,人口密度低,环境风险小 Elevation of <200 metres; average rainfall of 300 mm (12 inches) per year/200*; 年平均降雨量为300毫米(12英寸) Easy to operate and access year-round; <3 hour drive to major cities and airports and -200 km to deep sea port; shallow groundwater/运营难度低,全年可抵达;距主要城市和机场不到3小时车 程,距深海港口约200公里;有浅层地下水 TSX-V: BSK OTC: BKUCF FSE: MAL2 13 www.blueskyuranium.com#14Blue Sky Uranium Corp. Amarillo Grande Project / Amarillo Grande | Geology & Mineralization / Characteristics of Sandstone-Type and Surficial-Type uranium-vanadium deposits / 砂岩型和表层型铀-钒矿床的特点 ➤ Sandstone-type / ✰ Grants District, NM and Kazakhstan deposits/Grants, EKO 的矿床 F H Hosted in clastic sediments at redox boundaries / 赋存在氧化还原边界的碎屑沉积物 中 18% of world resources and 41% of known deposits/K18%, 52 知矿床的41% ➤ Surficial-type /* Langer Heinrich, Namibia; Yeelirrie, West Australia/Langer Heinrich ; 大利亚伊利里 ✰ Hosted in ancient riverbeds (paleo-channels)/A) + All Mineralization Discovered to date: / 迄今为止发现的所有矿化物 ✰ Located at or near surface (generally <25 m depth)/EL☀ (-KRIJ 于25米) ܀ Low cost to explore/ Hosted by loosely consolidated clastic sediments / 松散结的碎屑沉积物为载体 No drilling, blasting or crushing required for development 需要钻探、爆破或破碎 ❖ Laterally extensive - kilometres scale/F-AT Carnotite coating clasts in gravel 砾石中钒钾铀矿涂层的碎屑 T Pit with abundant carnotite 含有丰富钒钾铀矿的矿坑 TSX-V: BSK OTC: BKUCF FSE: MAL2 14 www.blueskyuranium.com#15Blue Sky Comparable Geologic Setting as a model Uranium Corp. 以可比地质环境为模型 Kazakhstan - Biggest Uranium Deposits 哈萨克斯坦-最大的铀矿床 Chu-Sarysu Basin Kazakhstan Geological Model Aquifers Rain waters 0 D Rocks with uranium Waters rich in uranium (oxidized) Rodox Front Blue Sky's Amarillo Grande Project Amarillo Grande Blue Sky Redox Front (oxidation/reduction uranium trap zone) 250 Redox Fronts (oxidation/reduction traps) Kyzylorda References: Redox front levels Ikan Uyuk Uvanas Zhalpak Inkuduk Mynkuduk Uranium deposits (source: modified from Cameco 2017) M32 Turkestan Reductants (Organic matter, Pyrite, O&G) Groundwaters rich in uranium (oxidized) Uranium Deposits Country rocks rich in uraniu (leached by oxidized waters) Google Earth Aprox. 100km 23 Groundwaters rich in uranium (oxidized) Regional Potential Uranium deposits Ivana Deposit Valcheta 70 km Type of deposit: Sandstone Hosted Uranium : DZEOTE >60% of world's uranium production in 2019 / 2019 FK¤£¤££60% ➤ Inkai mine was the first producer with sandstone deposits in Chu-Sarysu & Syrdarya basins; 2010 proven and probable reserves of 244 Mlbs of U308 (352kt at a grade of 0.03% U3O8; www.cameco.com) / Inkai矿是第一个在Chu-Sarysu和Syrdarya盆地拥有砂岩矿床的生产商;2010年探明和基本探明的八氧化三铀储 量为2.44亿磅(35.2万吨,八氧化三铀品位为0.03%; www.cameco.com ) [Note that Blue Sky's Qualified Person has been unable to verify the above reserve information. / **, Blue Sky±****AMINS. ] TSX-V: BSK OTC: BKUCF FSE: MAL2 15 www.blueskyuranium.com#16Blue Sky Amarillo Grande Project / Amarillo Grande Uranium Corp. Ivana Deposit - Blue Sky's New Discovery Ivana矿床-Blue Sky的新发现区 ➤ Near-surface (<25m) uranium & vanadium mineralization hosted by loosely consolidated sand & gravel / 近地表(<25米)的铀和钒矿化,由松散的固结砂石承载 ➤ Oxide (carnotite) plus partially oxidized "primary" (B-coffinite) mineralization/1 (4) 上部分氧化的"原生"(B-水硅铀矿)矿化 ➤ Characteristics of both sandstone and surficial-type deposits/RKSA Mineral Resource Statement for Ivana Deposit, Amarillo Grande Project. / Amarillo Grande Ivana Refer to News Release dated 2/27/2019 for details / 2019 227 Inferred Resources - Base Case at 100 ppm Uranium cut-off grade 100 克/升为基准 Tonnes / U / 铀 U308 V/钒 Zone 吨(Mt / (ppm/毫克/升) (%) (ppm/毫克/升) V2O5 (%) 区域 百万吨) Contained U308/U308 (Mlbs/百万磅) Contained V205/V205 (Mlbs/百万磅) Upper 3.2 133 0.016 123 0.022 1.1 1.5 上方 Lower 24.8 335 0.040 105 0.018 21.6 10 下方 Total 28 311 0.037 107 0.019 22.7 11.5 汇总 The mineral resource estimate has been prepared by Bruce M. Davis, FAusIMM, BD Resource Consulting, Inc., and Susan Lomas, P.Geo., Lions Gate Geological Consulting Inc. who are both independent Qualified Persons as set forth by National Instrument 43-101 ("NI 43-101")./ DBD Resource Consulting, Inc. #Bruce M. Davis Fil -101")./ Lions Gate Geological Consulting Inc. 的专业地质学家Susan Lomas编制,两位都是符合NI 43-101规定的独立合资格人士。 The Reader should review all Cautionary Notes and Disclaimers at the beginning of this Presentation./读者需要阅读本演示文稿开头的所有注意事項和免责声明。 1. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. / TA. 2. It is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration. it, 通过继续勘探,大部分推断矿产资源量可以升级为指示矿产资源量。 3.The Mineral Resources in this estimate were not constrained within a conceptual pit shell owing to the shallow nature of the deposit (<25 m). /F (<25*), 估测的矿产资源量未被限制在一个概念性的矿坑外形内。 4.The 100 ppm uranium reporting cut-off grade is based on operative costs of $12/t, a price of $50/lb U308, and a process recovery of 90%. A density of 2.1gr/cm³ was applied. / 报告的铀边际品位100毫克/升基于12美元/吨的运营成本,50美元/磅的八氧化三铀价格,以及90%的工艺回收率。采用的密度为2.1gr/ cm3。 5.The resource was estimated within distinct zones of elevated uranium concentration occurring within the host sediments. Vanadium is associated with uranium and is estimated within the same zones. There is no indication that Vanadium occurs outside of the elevated uranium zones in the Ivana deposit area in sufficient concentrations to justify developing estimation domains focused on Vanadium. / 资源量是在主沉积物中出现的明显的铀高度富集区域内估测的。钒与铀是伴生的,并在相同的区域内被估测。没有 迹象表明钒在Ivana矿床地区的钟富集区之外有足够的富集,可以证明开发以钒钢为重点的估算域。 TSX-V: BSK OTC: BKUCF FSE: MAL2 16 FLEXIROC www.blueskyuranium.com#17Blue Sky Uranium Corp. ➤ 5 km arcuate mineralized Amarillo Grande Project / Amarillo Grande I Ivana Deposit/Ivana corridor with high-grade core 15公里长的弧形矿化走廊, 有高品位的地核 Corridor 200 to +500 m wide up to 23 m thick 宽200米至500多米,最厚达 23米 ➤ Open to expansion / 展的空间 Pit sampling outside resource area with strong U+V grades/ N OPEN* Pit OPEN* Sampling OPEN* "Intrusive Basement >2.9 m depth 源区外的矿坑取样,铀 3.485.000 3.485.000 Resource Outline 22.7 Mlb U,O, 11.5 Mlb V₂O 28.0 Mt @370 ppm U,O, and 190 ppm V,O, (announced February 27, 2019) 1000 500 0 1000 m -Santa Barbara Anit+ Bajo Valcheta- Ivana Detailed Map Area 5010 Amarillo Grande Project - Tenure 5.025.000 和钒品位较高 TSX-V: BSK OTC: BKUCF FSE: MAL2 RC Drilled Holes Pit Samples Intrusive Basement Pit Sampling Results <30 ppm U,O, or < 250 ppm VO, 30-99 ppm U,O, or 250-499 ppm V,O, 100-299 ppm U,O, or 500-749 ppm V,O, >300 ppm U.O, or >750 ppm V,O, RC Drilling/Pit Sampling Results 30-100 ppm U,O,x metre 100-500 ppm U,O,x metre 500-1000 ppm U,O,x metre 1000-2000 ppm U,O,x metre >2000 ppm U,O,x metre 17 www.blueskyuranium.com#18• Blue Sky Amarillo Grande Project / Amarillo Grande Ivana Deposit - Metallurgy & Process Testing Uranium Corp. Ivana矿床-冶金和工艺测试 Highly successful test program optimized recovery of uranium & vanadium/☑ 成功的测试项目优化了铀和钒的回采率 A simple two-stage process using low environmental impact technology & reagents /使用对环境影响小的技术和试剂的简单两阶段工艺 Stage 1: Simple wet scrubbing & screening of composite samples 第一阶段:简单的湿法 擦洗和筛选复合样本 2 Stage 2: Alkaline Leaching of Leach Feed Concentrate 第2阶段:对浸出进料精矿进行碱性浸出 (no added oxidants & no flotation required) / (不添加氧化剂,不需要 浮选 ✓ ~ 4x increase in the grades of U&V/铀和钒的品位增加4倍 ✓ Recoveries of 89% for both elements / 两种元素的采收率 为89% ✓ 77% mass reduction / 减少77% INVAP ✓ Recoveries of 95% for U & 60% for V / 95%、钒为60% ✓ Overall process recovery of 85% for U and 53% for V / 的总体工艺采收率为85%,钒 为53% SrC SASKATCHEWAN RESEARCH COUNCIL TSX-V: BSK OTC: BKUCF FSE: MAL2 18 www.blueskyuranium.com#19Blue Sky Uranium Corp. Amarillo Grande Project / Amarillo Grande Ivana Site Layout & Backfill Plan Ivana现场布局和回填计划 Phase AE Phase AW, AM During Phase AWAM mining, all waste is stored out of pit Once Phase AW+AM is mined out, backfilling can start Staged conventional surface mine /分阶 段的常规地表采矿 Coarse reject and fine tailings will be backfilled into the mine excavation / 粗废渣和细尾矿将在 矿井挖掘中被回填 KK Voi TSX-V: BSK OTC: BKUCF FSE: MAL2 19 www.blueskyuranium.com#20Blue Sky Amarillo Grande Project / Amarillo Grande I Ivana Deposit - Preliminary Economic Assessment Uranium Corp. Ivana矿床-初步经济评估 Based on proposed surficial mining operation, no blasting. After Tax / 税后 £Ùƒ£EXT, T. PEA Key Assumptions & Inputs / PEA Uranium price / 铀价: Payback $50/lb U308/ 八氧化三铀$50/磅 $15/lb V205/ 五氧化二钒$15/磅 NPV8%: IRR/ $135.2 Million / 净现值 内部收 (折现率8%): 益率: $1.352/Z 29.3% Pre-production Capital Cost: period: 2.4 years 投资回报期: 2.4年 LOM Sustaining Capital Cost: $128.05M/预生产资本成本 $35.46M/矿山寿命期内持 $1.28051Z 续资本成本:$3546万 incl. $7.21M contingency 包括$721万的应急资金 Average LOM All-In incl. $28.3M contingency 包括$2830万的应急资金 Average LOM Total Sustaining Costs Cash Cost net of credits: / 扣除信用额度 后的平均矿山寿命期总 现金成本: ("AISC") net of credits: /扣除信用额度后的矿 山寿命期平均全部持续 ("AISC") : $16.24/lb U308 八氧化三铀$16.24/磅 $18.27/lb U308 八氧化三铀$18.27/磅 Vanadium Price/ Years of Construction/E Years of Full production/完全投产年限: Strip Ratio (waste/ore)/(EHITE): Dilution / 稀释: Average Mining rate (waste + mineralized material) / 平均开采率 (废料+矿化物): Processing throughput/加工能力: Process Plant Recoveries/加工厂采收率 Average Annual Production (LOM) / (矿山寿命期内): LOM uranium production/矿山寿命期内铀产量: 2 13 1.1:1 3% 13,000 tonnes per day / 日均1.3万吨(“tpd") 6,400 tpd/日均6400吨 Uranium/4: 84.6%, Vanadium : 52.5% 1.35 Mlbs/y U308/ 八氧化三铀135万磅/年 17.5 Mlbs U308 / 1750万磅八氧化三铀 The PEA is preliminary in nature and is based solely on Inferred Mineral Resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability and there is no certainty that the PEA will be realized. / PEA, X 基于推断矿产资源量,这些矿产资源量在地质学上被认为是推测性过强,无法对其进行经济考虑,从而使其被归类为矿产储量。不属于矿产储量的矿产资源量不被证明具有经济可行性,也不确定PEA是否会实现。 Refer to News Release dated 2/27/2019 for details #2019 227 B TSX-V: BSK OTC: BKUCF FSE: MAL2 20 www.blueskyuranium.com#21Blue Sky Amarillo Grande Project / Amarillo Grande Ivana Deposit - Low Cost Production Potential Ivana矿床-低成本生产潜力 Uranium Corp. In-Situ Recovery (ISR) Conventional Conventional 常规 2018 Total Production Cost (USD/lb U₂O) 10 10 20 20 30 30 40 40 50 50 60 60 70 70 Olympic Dam (BHP Billiton) Conventional (by-product) Ivana U-V Deposit (Conventional) Shown on the Uranium World Mines 2018 Cost Curve (approximate location based on the February 2019 PEA) 1st Quartile Akdala (Uranium One) Karatau (Uranium One) Navoi (NMMC) Kharasan (Uranium One) Akbastau (Uranium One) 常规(副产品) Central Mynkuduk (Kazatomprom) West Mynkuduk (Kazatomprom) Karamuran (Kazatomprom) Mvnkuduk (Kazatomprom) Harassan (Kazatomprom) Inkai (Kazatomprom) Ivana铀-钒矿床(常规) 2nd Quartile 显示在《世界铀矿》2018年成本曲线上 (基于2019年2月PEA的大致位置) Zarechnoye (Uranium One) Beverley Four Mile (Heathgate Resources) Katco (Kazatomprom) South Inkai (Uranium One) McArthur River (Cameco) 3rd Quartile Cigar Lake (Cameco) Langer Heinrich (Paladin Energy) Khiagda (ARMZ) ISR Somair (Orano) Cominak (Orano) Husab (CGN) 4th Quartile 60 80 原位回采(ISR) 常规 Priargunsky (ARMZ) Ranger (Rio Tinto) Rossing (Rio Tinto) Novokonstantinovskoye (VostGOK) 20 40 60 80 2018 Uranium Production (Mlb U₂O) *Diagram sourced and modified from SRK Consulting (U.S.), Inc. http://www.energyfuels.com/wp- content/uploads/2018/01/2018.01.16-Exhibits-to-Petition_Part1.pdf TSX-V: BSK OTC: BKUCF FSE: MAL2 21 100 120 140 www.blueskyuranium.com#22Blue Sky Uranium Corp. Amarillo Grande Project / Amarillo Grande | Exploration Targets - (1) Ivana deposit - Positive PEA with very low OPEX Open for expansion & upgrading - drilling underway; advanced process design testwork underway / Ivana矿床-积极的PEA,极低的运营支出-扩展 和升级潜力-正在进行钻探;正在进行高级工艺设计测试工作 (2 & 3) Ivana Central & North - Previous exploration exposed potential for blind deposits and geological footprints comparable to Ivana Deposit / Ivana中部和北部-以往的勘探发现了可与Ivana矿床相媲美的隐伏矿床 和地质足迹 Drilling program underway/钻探计划正在进行中 (4 & 5) Cateo Cuatro & Ivana East -Initial results confirm geological similarities to Ivana Deposit / Cateo Cuatro Ivana矿床的地质情况相似 Targets advancing towards drill testing/ Ivana (6) Potential for in-situ recovery (ISR) zone - Units hosting mineralization preserved at depths of <150 m/ (ISR) 区的潜力-在深度小于150米处保存有矿化的单位 Supports long term potential of the district/支持该地区的长期潜力 (7) Anit - 15km long high-radiometric anomaly, extensive surficial uranium mineralization, with significant vanadium halo recognized by drilling in 2017/Anit-15公里长的高辐射异常,广泛的表层铀矿化, 2017年的钻探确认了重要的钒矿化光晕 Open for Expansion/成矿作用开放,有扩张潜力 (8) Santa Bárbara - District Discovery Site/RSMNW_A* Radiometric anomalies controlled by structures indicating deeper blind mineralization potential/由地质构造控制的辐射异常表明更深层的 隐蔽成矿的潜力 Also supports long term district potential/也支持长期的地区潜力 8 6 Regional Geologica Linearoent 4 32 25 17 Ivana Deposit Valcheta 250 N 70 km TSX-V: BSK OTC: BKUCF FSE: MAL2 22 www.blueskyuranium.com#23• Blue Sky Uranium Corp. Amarillo Grande Project / Amarillo Grande | Current Program / 当前计划 3,500 m RC drilling program in progress at Ivana Deposit, including: Elvana 3500* 进行,包括: • Step-out drilling to the W/SW where pit sampling returned up to 5,032 ppm U308 & 323 ppm V205 suggesting the opportunity for expansion//¥ÌÓ£}]\UHK, HÜV³08 5,032 ppm V205 323ppm 的样品,表明矿化结构有机会扩展。 Within and at the margins of the deposit in areas of low drill density to facilitate upgrading of resources for future engineering studies /在矿床内部和边缘的低钻探密度区域,以促进未来工程研究的资源升级 Highlights from step-out drilling to date/迄今为止,探边钻探的亮 2.483.000 AGH-651 3.484.000 3m averaging 431ppm U308 and 371ppm V205/ 431ppm U308 371ppm V2053* · including 878ppm U308 and 518ppm V205 over 1m in AGI-0503/AGI-0503878ppm U308 V2Os的1米矿段 518ppm 4m averaging 296ppm U308 and 268 ppm V205/TH 296ppm U308 268ppm V2054* ' including 581ppm U308 and 271ppm V205 over 1 m in AGI-0489/AGI-0489581ppm U308 271ppm V2051* 4m averaging 214ppm U3O8 and 281ppm V205/ 214ppm U308281ppm V2054 including 419ppm U308 and 369ppm V205 over 1m in AGI-0511/AGI-0511419ppm U308369ppm V2Os的1米矿段 2m averaging 301ppm U308 in AGI-0499 and 333ppm V₂O5 in AGI-0499/AGI-0499301ppm U308 333ppm V2052* *All holes were vertical and the intervals are believed to represent true thickness. / *所有的钻孔都是垂直的,认为这些矿段代 表真实的厚度。 TSX-V: BSK OTC: BKUCF FSE: MAL2 N AGE517 AG-414 401-518 AG-518 AGHI -615 Adv 12 AGAT ADI-539 AGE21 AGI-800 AG-E10 AGH820 AG-501 AG1601 A0-804 Resource Outline 22.7 Mlb U308 & 11.5 Mlb V205 28 Mt @367ppm U308 & 187ppm V205 (announced February 27, 2019) AGI-802 AGI-504 AGI-800 AGLO A01-499 AG1-422 AGL028 AGI-808 AGL-400 AG417 AGI-406 AGL-40 A31-495 AGI-404 References: AGL40 + AGI-489 Assays Reported Assays Pending AGI-400 3.483.000 AGI-401 0 125 250 500 23 AGI-654 401556 AGI-501 5.523.000 -Santa Barbara Anit- Ivana Bajo Valcheta- Detailed Map Area Amarillo Grande Project - Tenure Ivana Deposit Holes with intercepts of U3061m@+30ppm Holes with intercepts of V205-1mg-150ppm Ivana Deposit (PEA2019) Detailed Map 3.484.000 Location (left) Meters 750 1.000 23 www.blueskyuranium.com#24Blue Sky Uranium Corp. Amarillo Grande Project / Amarillo Grande | Current Program / 当前计划 4,500 m exploration drilling program underway testing Ivana North & Ivana Central/正在进行4500米的勘探钻探 计划,测试Ivana北部和Ivana中部 Each target covers an area of approx. 4x7km / 每个靶区的面积大致为4x7公 里 • 1,591m in 40 holes completed at Ivana North / 在Ivana北部完成了40个钻孔的 1591米钻探 . Anomalous U in 30% of holes / 30% 钻孔中铀含量异常 Pathfinders similar to Ivana deposit / 与Ivana矿床类似的探路者 ~1,500m planned at Ivana Central (286 m completed in 2020)/在Ivana中部规划 了约1500米钻探(2020年完成了286米) Up to 1,500m of follow-up detailed drilling at areas with best results / 探结果最好的地区进行多达1500米的 后续详细钻探 Ivana North Target Area Ivana Central Target Area Blue Sky Uranium Corp. References: Ivana North Target Ivana Deposit Ivana Central Target AMARILLO GRANDE PROJECT Drilling Exploration Program Ivana North & Ivana Central Target Areas TSX-V: BSK OTC: BKUCF FSE: MAL2 24 www.blueskyuranium.com#25Blue Sky Uranium Corp. Conclusions / 结论 Easy access. Provincial infrastructure in place / 交通便利,省级基础设施已到位 Geological setting and characteristics comparable to Kazakhstan producing districts – biggest in the world / 地质环境和特征可与哈萨克斯坦生产区 - 世界上最大的铀生产区相媲美 22.7M Ib. uranium and 11.5M lb. vanadium in initial current mineral resource / 在当前初始矿产资源量中,有2270万磅铀和1150万磅钒 Initial PEA establishes potential viability / 初始PEA确定了潜在的可行性 Potential to rank amongst the largest uranium districts in the world with lowest quartile operating cost / 有潜力成为世界上最大的铀矿区之一,而且 运营成本处于最低的四分之一水平 Open to expansion - new drill programs underway/成矿作用开放,具备扩张潜 力-新的钻探计划正在进行中 TSX-V: BSK OTC: BKUCF FSE: MAL2 25 www.blueskyuranium.com#26Blue Sky Uranium Investment Highlights / 投资亮点 Corp. Best-in-class management and technical team with proven prospect development success in Argentina 一流的管理和技术团队,在阿根廷有前景的矿 产项目区开发方面成绩斐然 Largest NI 43-101 Uranium resource in Argentina, with Preliminary Economic Assessment complete 阿根廷报告的最大NI 43-101铀资源,且已完 成初步经济评估 Amarillo Grande Project potential to be the first low-cost, domestic uranium supplier in Argentina Amarillo Grande项目有可能成为阿根廷第一个 低成本的国内铀供应商 Control of a Uranium/Vanadium district that is open for expansion & new discoveries. 控制一个可供扩展和有新发现区的铀/钒产区 Lack of domestic uranium supply creates an opportunity Blue Sky to supply the growing Argentine nuclear market/国内供应的不足为Blue Sky供应不断增长的阿根廷核市场创造了机会。 ▶ All uranium used by the Argentine nuclear industry is currently sourced from outside the country. / 目前, 阿根廷核工业使用的所有铀都是从国外采购的。 > Nuclear Energy requirements are expected to increase by 2.5 times by 2025, representing a potential consumption of approximately 1.25 million pounds of U3Og annually. / 预计到2025年,核能需求将增加 2.5倍,即每年可能消耗约125万磅八氧化三铀。 TSX-V: BSK OTC: BKUCF FSE: MAL2 26 www.blueskyuranium.com#27Blue Sky Share Metrics & Ownership Uranium Corp. 股票数据和所有权 52 Week Price Chart / 52 RUEÑO (@Jan 31, 2022/2022131) TSX-V: BSK, OTCQB: BKUCF As of January 31,2022/截至2022年1月31日 Share Price (CAD)/() Zoom 1m 3m 6m YTD ly All $0.19 Market Cap (CAD)/() $35M/$3500 Jan 31, 20211 4 Jan 31, 2022 52-Week Price Range (CAD)/ $0.16-0.37 52周价格区间(加元) Shares Issued & Outstanding / 已发行股票数量 185,445,307 ....... ...l. Mar 21 May 21 Jul 21 Sep '21 Nov '21 Jan '22 Warrants (Avg. price $0.28) / 认股权证(平均价格$0.28) Options (Avg. price $0.26)/ 期权(平均价格$0.26) 100,093,210 16,170,000 Fully Diluted / 完全稀释后股数 301,718,517 TSX-V: BSK OTC: BKUCF FSE: MAL2 0.3 0.25 0.2 0.15 Volume 27 www.blueskyuranium.com#28Blue Sky Uranium Corp. Contact 联系方式 Suite 312-837 West Hastings Street Vancouver, BC, Canada V6C 3N6 Telephone:+1-604-687-1828 Toll free: +1-800-901-0058 [email protected] www.blueskyuranium.com TSX-V: BSK OTC: BKUCF FSE: MAL2 28 www.blueskyuranium.com