www.uex-corporation.com

A URANIUM EXPLORATION AND DEVELOPMENT COMPANY

2

FORWARD-LOOKING INFORMATION AND STATEMENTS: Certain statements and other information contained in this presentation may constitute “forward-looking information” within the meaning of applicable Canadian securities legislation or constitute “forward-looking statements” within the meaning of applicable United States securities legislation. Such information and statements are based on UEX's current expectations, estimates, forecasts and projections. These forward-looking statements include statements regarding UEX‘s outlook for our future operations, plans and timing for exploration activities, and other expectations, intentions and plans that are not historical fact. The words “estimates”, “projects”, “expects”, “intends”, “believes”, “plans”, or their negatives or other comparable words and phrases are intended to identify forward-looking statements. Such forward-looking statements are based on certain factors and assumptions and are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially from UEX's expectations include uncertainties relating to interpretation of drill results and geology, additional drilling results, continuity and grade of deposits, participation in joint ventures, reliance on other companies as operators, public acceptance of uranium as an energy source, fluctuations in uranium prices and currency exchange rates, changes in environmental and other laws affecting uranium exploration and mining, and other risks and uncertainties disclosed in UEX's Annual Information Form and other filings with the applicable securities commissions in Canada. Many of these factors are beyond the control of UEX. Consequently, all forward-looking statements made herein are qualified by this cautionary statement and there can be no assurance that actual results or developments anticipated by UEX will be realized. For the reasons set forth above, investors should not place undue reliance on such forward-looking statements. Except as required by applicable law, UEX disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise. NOTICE TO U.S. PERSONS: The information in this publication has been prepared in accordance with the requirements of Canadian securities laws, which differ from the requirements of United States securities laws. Information, including scientific or technical information, has been prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects (“N.I. 43-101”). N.I. 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Canadian standards, including N.I. 43-101, differ significantly from the requirements of the SEC. For example, the terms “indicated mineral resources” and “inferred mineral resources” are used in this publication to comply with the reporting standards in Canada. While those terms are recognized and required by Canadian regulations, the SEC does not recognize them. Under United States standards, mineralization may not be classified as a “reserve” unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. Readers should understand that “indicated mineral resources” and “inferred mineral resources” have a great amount of uncertainty as to their existence and as to their economic and legal feasibility. Readers are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into mineral reserves. In accordance with Canadian rules, estimates of “inferred mineral resources” cannot form the basis of feasibility or other economic studies. In addition, the definitions of proven and probable mineral reserves used in N.I. 43-101 differ from the definitions in the SEC Industry Guide 7. Disclosure of “contained ounces” is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute reserves as in place tonnage and grade without reference to unit measures. Accordingly, information contained in this publication describing the Company's mineral properties may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements under the United States federal securities laws and the rules and regulations thereunder. QUALIFIED PERSON: Technical information in this presentation has been reviewed and approved by R. Sierd Eriks, P.Geo., UEX’s Vice-President of Exploration who is a Qualified Person as defined by N.I. 43-101.

3

Graham C. Thody, CA – President & Chief Executive Officer Mr. Thody was a Partner of Nemeth Thody Anderson, Chartered Accountants from 1979 until his retirement from public practice in 2007. He was a Director of Pioneer Metals Corporation at the time of the adoption of the Plan of Arrangement which created UEX Corporation and has been a Director of UEX since its inception. He served as Chairman of the Board of UEX until June 2010.

Ed Boney, CA – Chief Financial Officer Mr. Boney held the position of Corporate Controller at a Canadian junior gold mining company with producing mines in Canada and Peru prior to joining UEX. He has also held the position of manager with Deloitte where he supervised the audits of public companies in the mining and natural resource sector and was involved in the asset valuations of several companies in the Canadian oil and gas sector.

R. Sierd Eriks, P.Geo. – Vice-President, Exploration Mr. Eriks, B.A. (Geology), has worked in mineral exploration for over thirty years. From 1979 to 1998, he gained geological and managerial experience with SMDC (now Cameco Corporation), Falconbridge Limited, Noranda Exploration Co. Ltd. and Cogema Resources Inc. (now AREVA Resources Canada Inc.) in base metals, gold, PGE and uranium exploration.

Nan H. Lee, M.Sc., P.Eng. – Vice-President, Project Development Ms. Lee has worked as a Mining and Project Engineer on several projects in Canada and has also worked with Kilborn Engineering where she assisted with project feasibility studies. As an independent consultant she has coordinated, or assisted with the preparation of Environmental Impact Statements for several uranium mine developments in Canada. Most recently Ms. Lee has been managing the preliminary feasibility studies for tailings management facilities for two uranium operations in northern Saskatchewan.

Walter Segsworth, P.Eng. – Management Advisory Board Mr. Segsworth previously served on the Board of Directors of UEX from 2002 to 2008. He has managed three large Canadian mines. In 1990 he was appointed President and Director of Westmin Resources Ltd. Upon the takeover of Westmin by Boliden in 1998, Mr. Segsworth joined Homestake Mining Company of California where he was subsequently appointed President, Director and Chief Operating Officer and served until its merger with Barrick in early 2002. He is currently Lead Director of Alterra Power Corporation.

David Rhys, M.Sc., P.Geo. – Management Advisory Board Mr. Rhys is a consulting structural geologist specializing in structural controls on mineral deposits and their application to exploration, mining and mine site grade control. He has had a long association with UEX, and has provided technical consulting and guidance to the Company since its inception. He has also been involved in exploration advisory roles to several other junior mining companies.

4

Mark P. Eaton, B.A. Chairman of the Board Mr. Eaton is an experienced investment professional with over 20 years of experience in equity capital markets specializing in the resource sector. He has held the position of Managing Director of Global Mining Sales, a division of CIBC World Markets of Toronto, Canada and Manager of U.S. Equity Sales for CIBC World Markets. He was a Partner and Director of Loewen Ondaatje McCutcheon Ltd., a Toronto-based investment dealer, until March 2008. He is currently President and CEO of Belo Sun Mining Corp.

Colin C. Macdonald, M.Sc. Mr. Macdonald held the position of Vice-President, Exploration, for Cameco Corporation until his retirement on June 30, 2011. He had worked for Cameco Corporation and its predecessor companies since 1981 and was responsible for Cameco's worldwide uranium exploration activities.

Suraj P. Ahuja, M.Sc., P.Geo. Mr. Ahuja's career as a geologist in the design and management of mineral exploration programs spans over 40 years. From 1978 to 1988 he was employed by Cameco as a Project Geologist and a Senior Geologist. From 1988 to 2001 he was employed by PNC Exploration (Canada) Co. Ltd., a Japanese-owned uranium exploration company. Mr. Ahuja consults for several major and junior uranium exploration companies through his own mineral exploration consulting company.

Emmet McGrath, CA Mr. McGrath, a member of the Canadian Institute of Chartered Accountants, was an audit partner with KPMG from 1981 to 2002. He has a thorough understanding of the regulatory and statutory reporting requirements of publicly listed companies and is well versed in corporate governance matters. He has extensive experience in mergers and acquisitions, and currently sits on the Board of Directors of several publicly listed companies in the mining industry. He is a Director and former Chairman of the Board of Westminster Credit Union, the sixth largest credit union in British Columbia.

Graham C. Thody, CA

5

UEX Corporation is an industry leader in the discovery and advancement of new uranium resources in Canada’s Athabasca Basin.

UEX’s enduring success in uranium exploration is enhanced by:

Early acquisition of highly prospective land positions in the prolific Athabasca Basin

Strong relationships with Cameco Corporation and AREVA, the world’s largest uranium companies

Progress continues on our advanced resource development projects at Shea Creek and Hidden Bay, placing UEX among a select peer group of companies capable of delivering superior results over the coming years.

The Athabasca Basin is located in northern Saskatchewan, Canada and yields approximately 17% of the world’s mined uranium.

As at August 31, 2012

6

Shares

Issued and outstanding 221,488,679

Fully diluted 242,259,379

Significant shareholder

Cameco Corporation 22.58%

2012 Budgets Approved

Exploration C$ 5.0 million

(1)

Development 2.0 million

Administration 1.7 million

Total C$ 8.7 million

Cash position C$ 14.7 million

(1) Budgeted number includes C$1.5 million for a drilling program at Hidden Bay which has been postponed.

7

0

5

10

15

20

25

30

35

40

Resources by Deposit (millions of lbs U3O8 at recommended† cut-off)

UEX Corporation - Indicated Resources

UEX Corporation - Inferred Resources

AREVA Resources Canada Inc.

Horseshoe 29%

Raven 17%

West Bear 2%

Kianna 24%

Anne 17%

Colette 11%

Resources by Deposit UEX Equity Holdings

(% of UEX total U3O8 at recommended† cut-off)

† Hidden Bay 0.05% U3O8 cut-off / Shea Creek 0.30% U3O8 cut-off

N.I. 43-101 Mineral Resource Estimates

* Joint venture with 49% UEX / 51% AREVA ownership

8

Project

UEX total U3O8 (lbs) by Resource Category

Indicated Inferred

Shea Creek 31,150,770 12,017,250

Hidden Bay 36,622,500 2,715,000

Total 67,773,270 14,732,250

$36.8M

$58.5M

$38.1M

$7.4M

$5.1M

0

10

20

30

40

50

60

70

Shea Creek Hidden Bay Other

UEX Cumulative Expenditures

(C$ millions)

Exploration Development

$4.34M $4.98M

$0.55M

$0.46M

0

1

2

3

4

5

6

Shea Creek Hidden Bay Other

UEX 2011 Expenditures (C$ millions)

Exploration Development

As at December 31, 2011

9

As at December 31, 2011

22.6

40.1

19.9

6.5

21.1 24.0

0

5

10

15

20

25

30

35

40

45

Shea Creek* Hidden Bay

Annual Drilling 2009-2011 (thousands of metres)

2009 2010 2011

99.3

205.0

129.8

279.1

0

100

200

300

400

500

Shea Creek* Hidden Bay

Historical Drilling (thousands of metres)

Pre-UEX UEX

10

* Utilizing directional drilling, whereby several wedge cuts are made from a single pilot hole, has significantly reduced the total number of drilling metres required to attain the desired number of unconformity impacts.

2009 2010 2011 2009 2010 2011

11

Cluff Lake Camp

• Located in northwest Saskatchewan, the Shea Creek property hosts the largest undeveloped uranium resource in the Athabasca Basin.

• Access is provided year-round by Provincial Highway 955 and by an airstrip maintained by AREVA.

• Field exploration is conducted from AREVA’s former Cluff Lake mine camp.

• The Cluff Lake mine, now decommissioned, produced over 62 million lbs(1) of U3O8 during its successful 22 years of operation.

(1) Source: Saskatchewan Mining Association

12

• The resources at Shea Creek are open in almost every direction and have excellent potential for substantial expansion as exploration continues.

• UEX has significant involvement and input into the planning of exploration programs.

• High-grade uranium is distributed along a 3-kilometre strike length at the north end of the 33-kilometre long Saskatoon Lake Conductor.

• Multiple N.I. 43-101 deposits.

• Strong joint venture partner in AREVA and experienced drilling contractors.

The Shea Creek Project is a joint venture 49% owned by UEX Corporation and 51% owned by AREVA Resources Canada Inc., the project operator.

The Shea Creek Project contains the largest undeveloped uranium resource in the Athabasca Basin.

UEX Cumulative Expenditures As at December 31, 2011

Exploration C$36.8 million

Development C$ 7.4 million

2012 Joint Venture Budget

Exploration C$ 6.0 million

13

Results from the May 2010 N.I. 43-101 mineral resource estimate prepared by Golder Associates Ltd. are shown in the table below. These results are based on drilling information up to December 31, 2009. Mineralization encountered during the 2010 and 2011 programs is not included. No resource has yet been estimated for the 58B Deposit.

(This resource is included in a technical report on the Shea Creek property with an effective date of May 26, 2010 available online under

UEX’s profile at www.sedar.com.)

This estimate confirms that Shea Creek contains the largest undeveloped uranium resource in the Athabasca Basin, exceeded in size only by McArthur River and Cigar Lake.

The resources at Shea Creek are open in almost every direction and have excellent potential for significant expansion as exploration continues.

Deposit

Indicated Resources at 0.30% U3O8 cut-off Inferred Resources at 0.30% U3O8 cut-off

Tonnes U3O8 (%) U3O8 (lbs) Tonnes U3O8 (%) U3O8 (lbs)

Kianna* 713,000 1.442 22,665,000 573,100 1.360 17,184,000

Anne* 484,500 2.368 25,295,000 299,300 0.674 4,448,000

Colette* 675,100 1.049 15,613,000 196,500 0.668 2,893,000

Total 1,872,600 1.540 63,573,000 1,068,900 1.041 24,525,000

* Joint venture with 49% UEX / 51% AREVA ownership

14

The Shea Creek Project contains four known uranium deposits:

Kianna

Anne

The deposits are distributed along a strike length of over 3 kilometres at the north end of the 33-kilometre long Saskatoon Lake conductor .

58B is an emerging new deposit located between Kianna and Colette which displays the same stacking of basement, unconformity and perched mineralization as is seen at Kianna.

(UEX news release of September 21, 2010)

Mineralization is largely open and large parts of the Saskatoon Lake conductor remain untested; the potential for resource expansion is extremely high.

15

Colette

58B

The uranium mineralization in a deposit can occur in three styles:

Perched (P) mineralization is found in sandstone at shallower depths.

Unconformity (UC) mineralization is found at the contact of the sandstone and the underlying basement rock.

Basement (B) mineralization is found in the gneissic rock beneath the unconformity.

A vertical cross section of the Kianna Deposit is shown at left. 58B displays the same stacked mineralization style.

16

Kianna SHE-114-05

Perched (P) mineralization grading 27.7% eU3O8 over 7.6 m

Kianna SHE-115-03

Unconformity (UC) mineralization grading 21.2% U3O8 over 4.3 m

Kianna SHE-115-11

Basement (B) mineralization grading 13.2% U3O8 over 4.5 m

17

Kianna SHE-114-19

(P) 33.6% eU3O8 over 1.3 m

SHE-115-10

(B) 24.3% U3O8 over 2.5 m

SHE-123-06

(UC) 32.3% U3O8 over 1.1 m

Anne SHE-087

(B) 34.7% U3O8 over 1.9 m

SHE-096-03

(UC) 29.2% U3O8 over 3.4 m

SHE-099

(UC) 60.6% U3O8 over 1.2 m

Colette SHE-111-06

(B) 23.9% U3O8 over 0.5 m

18

Selected High-Grade Drilling Results

Kianna Deposit: 3D Model Side view facing east: perched, unconformity and

basement mineralization are clearly visible.

19

SHE-115-03: GT 114 9.34% U3O8/12.2 m

SHE-115-05: GT 73 7.83% U3O8/7.2 m

SHE-115-08: GT 91 6.17% U3O8/6.7 m

SHE-114-05: GT 224 20.7% eU3O8/10.2 m

SHE-118: GT 50 6.30% U3O8/7.9 m

SHE-115-10: GT 144 8.58% U3O8/15.0 m

SHE-115-11: GT 88 5.36% U3O8/16.5 m

SHE-114-11: GT 254 4.09% eU3O8/45 .0 m

SHE-114-19: GT 71 5.94% eU3O8/12.0 m SHE-115-04: GT 48

2.55% U3O8/19.0 m

SHE-114-20: GT 145 1.02% eU3O8/141 m

SHE-114-09: GT 144 4.64% eU3O8/22.2 m

SHE-115-18: GT 115 8.42% eU3O8/12.6 m

SHE-114-07: GT 70 7.37% U3O8/9.5 m

GT is presented for the entire drill hole along with the Grade/Thickness of the major intercept.

Perched Unconformity

Basement

New Basement Zone (2011)

Anne Deposit: 3D Model Side view facing NE: perched, unconformity and

basement mineralization are clearly visible.

20

SHE-095-03: GT 86 4.41% U3O8/14.9 m

SHE-099-02: GT 101 5.65% U3O8/17.9 m

SHE-087: GT 70 11.6% U3O8/6.0 m

SHE-099: GT 84 10.0% U3O8/8.4 m

SHE-099-03: GT 36 2.61% U3O8/13.6 m

SHE-100-01: GT 110 3.32% U3O8/25.1 m

SHE-122-05: GT 75 3.64% U3O8/20.5 m

SHE-122-01: GT 163 4.21% U3O8/36.0 m

SHE-096-03: GT 143 5.42% U3O8/19.0 m

SHE-101-02: GT 32 3.75% U3O8/8.6 m

SHE-016: GT 39 4.32% U3O8/9.1 m

GT is presented for the entire drill hole along with the Grade/Thickness of the major intercept.

SHE-109-05: GT 79 7.24% U3O8/8.7 m

SHE-109-06: GT 40 4.51% U3O8/8.9 m

Unconformity Perched

Basement

Colette Deposit: 3D Model View from above the unconformity facing SE with

58B, Kianna and Anne visible in the distance.

21

SHE-052: GT 39 2.34% U3O8/16.8 m

SHE-065: GT 21 1.73% U3O8/11.9 m

SHE-111-06: GT 26 3.23% U3O8/8.0 m

SHE-059: GT 27 4.10% U3O8/6.6 m

GT is presented for the entire drill hole along with the Grade/Thickness of the major intercept.

SHE-066-2: GT 33 1.28% eU3O8/26.0 m

SHE-066-3: GT 34 1.22% eU3O8/27.9 m

Unconformity

ANNE KIANNA 58B

Basement

Perched

COLETTE

58B Deposit: 3D Model View from above the unconformity facing SE with

Kianna and Anne visible in the distance.

22

SHE-133-5: GT 19.5 6.53% eU3O8/1.6 m

SHE-133-6: GT 11.8 6.17% eU3O8/1.6 m

SHE-133-7: GT 22.7 2.13% eU3O8/10.6 m

GT is presented for the entire drill hole along with the Grade/Thickness of the major intercept.

SHE-133-3: GT 20.2 1.81% eU3O8/7.6 m

SHE-133-4: GT 21.2 6.55% eU3O8/2.4 m

Mineralization at 58B has now been traced over a strike length of 400 metres and occurs over a width of up to 110 metres in plan view.

Broad areas of the highly prospective structural corridor hosting 58B remain sparsely tested and will be explored in subsequent drilling programs.

(UEX news release of September 21, 2010)

Unconformity

ANNE KIANNA

Basement

58B

23

• Located in northeast Saskatchewan, the Hidden Bay property hosts the sixth largest undeveloped uranium resource in the Athabasca Basin.

• The two main known deposits are Horseshoe and Raven.

Horseshoe-Raven Camp

• The N.I. 43-101 Preliminary Assessment Technical Report recommended that the Company complete a pre-feasibility study on the Hidden Bay Project.

• A base case scenario of $60 (US) per lb of U3O8 would yield an estimated C$246M(1) in earnings before interest and taxes. (1) These results are included in a technical report on the Hidden Bay property with an effective date of February 15, 2011 available online under UEX’s profile at www.sedar.com.

24

• Horseshoe and Raven are approximately 4 km from Cameco’s Rabbit Lake Mill and 22 km from AREVA’s McClean Lake Mill. This proximity creates the opportunity for toll milling arrangements.

• The principal hydroelectric transmission lines that service both of these facilities pass 3 km to the north of the deposits.

• The Rabbit Lake Mine Road branches off from Provincial Highway 905 and provides access to the deposits, as well as the local uranium mills.

• The Raven pit has the potential for use as a regional tailings facility due to the competent rock which hosts the Raven Deposit.

25

The Hidden Bay Project is 100% owned by UEX and contains three known uranium deposits:

Horseshoe

Raven

West Bear

The Hidden Bay Project contains the sixth largest undeveloped uranium resource in the Athabasca Basin.

Cumulative Expenditures As at December 31, 2011

Exploration C$58.5 million

Development C$ 5.1 million

2012 Budget

Exploration

Development C$ 2.0 million

(1) Budgeted number includes C$1.5 million for a drilling program at Hidden Bay which has been postponed.

C$ 2.0 million

(1)

The February 2011 N.I. 43-101 Preliminary Assessment Technical Report (“PA”) prepared by SRK Consulting (Canada) Inc. finds the economics of mining the Horseshoe and Raven deposits to be very robust.

(These results are included in a technical report on the Hidden Bay property with an effective date of February 15, 2011 available online

under UEX’s profile at www.sedar.com.)

The PA recommends that the project be advanced to a preliminary feasibility level, and that this next phase of study also include UEX’s West Bear Deposit.

The PA was conducted utilizing cut-off grades calculated on the basis of $60 (US) per lb of U3O8 in the mine optimization plan under which 16.6 million lbs of U3O8 would be extracted over a seven-year mine life. This “Base Case” scenario at $60 (US) per lb of U3O8 is shown below.

Price U3O8 (per lb)

Pre-Tax (Base Case)

EBIT (C$ millions)

NPV5% (C$ millions)

IRR (%)

$60 (US) 246 163 42

26

“EBIT” Earnings before interest and taxes “IRR” Internal rate of return “NPV5%” Net present value (5% discount rate)

$246M

$163M

0

100

200

300

Pre-Tax Earnings (Base Case) (C$ millions)

EBIT NPV (5%)

Uranium processing and tailings management, as envisioned in the PA, would be conducted through a toll arrangement* at one of two milling facilities located near Horseshoe and Raven:

The Rabbit Lake Mill within 4 km, operated by Cameco

The McClean Lake Mill within 22 km, operated by AREVA

The PA has focused on Cameco’s Rabbit Lake Mill as it has excess capacity and is the closer of the two facilities.

The Hidden Bay Project has numerous opportunities for the improvement of economics, including:

27

Expansion of mineable tonnes due to an increase in U3O8 price or a reduction in operating costs which would result in a lower cut-off grade and thus the conversion of a higher proportion of the existing resource base to reserves;

Expansion of mineable tonnes through discovery of additional resources and potential inclusion of Raven underground mineralization in the mine plan;

Potential use of the Raven pit as a regional toll tailings management site and potential use of tailings as underground backfill thereby further increasing regional tailings capacity; and

Inclusion of UEX’s West Bear Deposit in the overall project mine plan and economics.

* Toll milling utilizes the excess capacity of an existing mill to process uranium ore, and is often a cost-effective alternative to constructing a new milling facility.

UEX is focused on advancing the deposits at Horseshoe and Raven through pre-feasibility and ultimately to feasibility level to assess the potential economics and viability of mining the deposits.

Results from the July 2009 N.I. 43-101 mineral resource estimate prepared by Golder Associates Ltd. are shown in the table below.

(This resource is included in a technical report on

the Hidden Bay property with an effective date of February 15, 2011 available online under UEX’s profile at www.sedar.com.)

Deposit

Indicated Resources at 0.05% U3O8 cut-off Inferred Resources at 0.05% U3O8 cut-off

Tonnes U3O8 (%) U3O8 (lbs) Tonnes U3O8 (%) U3O8 (lbs)

Horseshoe 5,119,700 0.203 22,895,000 287,000 0.166 1,049,000

Raven 5,173,900 0.107 12,149,000 822,200 0.092 1,666,000

Total 10,293,600 0.155 35,044,000 1,109,200 0.111 2,715,000

28

The Horseshoe and Raven Deposits lie in overall competent and impermeable quartzite, arkosic quartzite and calc-arkosic gneiss host rocks with no overlying Athabasca sandstone cover, highly favourable conditions for mining in the Athabasca Basin.

Vertical cross sections of the Horseshoe and Raven Deposits are shown above.

29

30

Nodular pitchblende rimmed by boltwoodite

Pitchblende in hematite-clay

Late yellow boltwoodite- uranophane

HU-16 high grade intercept: 12.35 m @ 4.53% U3O8

31

Results from the January 2009 N.I. 43-101 mineral resource estimate for the West Bear Deposit prepared by Golder Associates Ltd. are as follows:

78,900 tonnes grading 0.908% U3O8 in the Indicated category containing 1,579,000 pounds U3O8 at a cut-off grade of 0.05% U3O8.

(This resource is included in a technical report on the Hidden Bay property with an effective date of February 15, 2011 available online

under UEX’s profile at www.sedar.com.)

The West Bear Deposit is a classic, unconformity-hosted uranium deposit which is developed under shallow Athabasca sandstone cover above a conductive graphitic gneiss unit.

The near-surface nature of the mineralization, all of which occurs at depths of under 35 metres, is amenable to shallow open-pit mining.

A vertical cross section of the West Bear Deposit is shown at left.

32

Shea Creek Hidden Bay

33

Sixth largest undeveloped uranium resource in the Athabasca Basin.

100% owned by UEX Corporation.

Very robust economic outlook with an estimated EBIT of C$246 million based on a U3O8 price of $60 (US)/lb.

The Hidden Bay Project is ready to be advanced to a pre-feasibility level.

Horseshoe, Raven and West Bear are host to 36.6 million lbs U3O8 indicated and 2.7 million lbs U3O8 inferred.

Infrastructure near Hidden Bay is well developed, with two operating uranium ore processing facilities in the local area.

Largest undeveloped uranium resource in Canada’s Athabasca Basin.

49% owned by UEX in partnership with AREVA Resources Canada Inc.

Kianna, Anne, Colette and 58B contain in excess of 63.5 million lbs U3O8 indicated and 24.5 million lbs U3O8 inferred.

Shea Creek resources are open in almost every direction and have excellent potential for significant expansion as exploration continues.

Our primary objectives:

To continue the exploration and development work required to delineate and develop economic uranium resources at the Shea Creek Project;

To advance the development process at the Horseshoe, Raven and West Bear uranium deposits to a production decision;

To maintain, explore and advance to discovery our other uranium projects; and

To pursue a diversified portfolio of uranium projects from early exploration through to development and production.

34

Shea Creek Expansion of mineral resources

into deposits of global significance

Hidden Bay Advancing toward a production decision

35

For more information: UEX Corporation

Suite 1007 – 808 Nelson Street Vancouver, BC V6Z 2H2

www.uex-corporation.com

Investor and Media Inquiries Contact: Graham Thody, President & CEO

+1 (604) 669-2349 uex@uex-corporation.com

TSX: UEX

UEXCF.PK

Frankfurt: UXO.F

International OTC Markets