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Page 1: Corporate Presentation - August 2015

1CORPORATE PRESENTATION

Page 2: Corporate Presentation - August 2015

TSX: UEX www.uex-corporation.com

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 securitieslegislation or constitute “forward-looking statements” within the meaning of applicable United States securities legislation. Such information and statements are based onUEX'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 arebased on certain factors and assumptions and are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future resultsexpressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially from UEX's expectations include uncertaintiesrelating to interpretation of drill results and geology, additional drilling results, continuity and grade of deposits, participation in joint ventures, reliance on other companiesas operators, public acceptance of uranium as an energy source, fluctuations in uranium prices and currency exchange rates, changes in environmental and other lawsaffecting uranium exploration and mining, and other risks and uncertainties disclosed in UEX's Annual Information Form and other filings with the applicable securitiescommissions in Canada. Many of these factors are beyond the control of UEX. Consequently, all forward-looking statements made herein are qualified by this cautionarystatement 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 placeundue reliance on such forward-looking statements. Except as required by applicable law, UEX disclaims any intention or obligation to update or revise forward-lookinginformation, whether as a result of new information, future events or otherwise.

NOTICE TO U.S. PERSONS:The information in this presentation has been prepared in accordance with the requirements of Canadian securities laws, which differ from the requirements of UnitedStates securities laws. Information, including scientific or technical information, has been prepared in accordance with National Instrument 43-101 - Standards of Disclosurefor 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 issuermakes 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. Whilethose 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 ismade. Readers should understand that “indicated mineral resources” and “inferred mineral resources” have a great amount of uncertainty as to their existence and as totheir 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 mineralreserves. In accordance with Canadian rules, estimates of “inferred mineral resources” cannot form the basis of feasibility or other economic studies. In addition, thedefinitions 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 pounds” ispermitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute reserves as in placetonnage and grade without reference to unit measures. Accordingly, information contained in this publication describing the Company's mineral properties may not becomparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements under the United States federal securities laws andthe rules and regulations thereunder.

QUALIFIED PERSON:Technical information in this presentation has been reviewed and approved by Roger Lemaitre, P.Eng., P.Geo., UEX’s President and CEO, who is a Qualified Person as definedby N.I. 43-101.

Forward-Looking Statements

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Page 3: Corporate Presentation - August 2015

TSX: UEX www.uex-corporation.com

Roger Lemaitre, P.Eng., P.Geo., MBA, M.Sc. (Applied), B.Sc. (Applied) – President & CEOMr. Roger Lemaitre is a Professional Engineer and Geologist with more than 20 years of professionalexperience, with both senior and junior mining companies. Before joining UEX, Mr. Lemaitre held theposition of CEO and Executive Director of URU Metals Limited, an AIM-listed junior uranium and basemetal exploration company, where he re-organized the company's asset mix by identifying andsuccessfully acquiring significant new exploration projects. Prior to joining URU, Mr. Lemaitre held avariety of senior management positions with Cameco Corporation, one of the world's largest uraniumproducers, and was Cameco's Director of Worldwide Exploration Projects.

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

Nan H. Lee, M.Sc., P.Eng. – Vice-President, Project DevelopmentMs. Lee has worked as a Mining and Project Engineer on several projects in Canada and has also workedwith Kilborn Engineering where she assisted with project feasibility studies. As an independentconsultant she has coordinated, or assisted with the preparation of Environmental Impact Statementsfor several uranium mine developments in Canada. Previously, Ms. Lee managed the preliminaryfeasibility studies for tailings management facilities for two uranium operations in northernSaskatchewan.

Walter Segsworth, P.Eng. – Management Advisory BoardMr. Segsworth previously served on the Board of Directors of UEX from 2002 to 2008. He has more than 40 years of experience in the industry and has managed three largeCanadian mines. In 1990 he was appointed President and Director of Westmin Resources Ltd. Upon the takeover of Westmin by Boliden in 1998, Mr. Segsworth joinedHomestake Mining Company of California where he was subsequently appointed President, Director and Chief Operating Officer and served until its merger with Barrick inearly 2002. He currently serves on the boards of Gabriel Resources, Pan American Silver, Roxgold and Taung Gold International and is involved in the work of the TechnicalCommittees of these Boards. He is also the Chair of the Board of Directors of Science World of BC.

David Rhys, M.Sc., P.Geo. – Management Advisory BoardMr. Rhys is a consulting structural geologist specializing in structural controls on mineral deposits and their application to exploration, mining and mine site grade control. Hehas 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 advisoryroles to several other junior mining companies.

UEX Management Team

UEX Advisory Board

Left to right: Ed Boney, Nan Lee and Roger Lemaitre

Walter Segsworth David Rhys

Management

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Page 4: Corporate Presentation - August 2015

TSX: UEX www.uex-corporation.com

Mark P. Eaton, B.A.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 ofManaging 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 Partnerand Director of Loewen Ondaatje McCutcheon Ltd., a Toronto-based investment dealer, until March 2008. He is currently the Executive Chairman of Belo Sun Mining Corp.

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 SMDC (nowCameco) as a Project Geologist and a Senior Geologist. From 1988 to 2000 he was employed by PNC Exploration (Canada) Co. Ltd., a Japanese-owned uranium explorationcompany, as VP Exploration. Mr. Ahuja consults for several major and junior uranium exploration companies through his own mineral exploration consulting company.

Emmet McGrath, CAMr. 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 theregulatory and statutory reporting requirements of publicly listed companies and is well versed in corporate governance matters. He has extensive experience in mergers andacquisitions, and previously sat on the Board of Directors of several publicly listed companies in the mining industry. He is a Director and former Chairman of the Board ofWestminster Credit Union, the fourth largest credit union in British Columbia, and also serves on the Boards of the Central One Credit Union and the Co-Operators Group.

Roger Lemaitre, P.Eng., P.Geo., MBA, M.Sc. (Applied), B.Sc. (Applied) – President & Chief Executive Officer

Colin C. Macdonald, M.Sc.Chairman of the BoardMr. Macdonald held the position of Vice-President, Exploration, for Cameco Corporation untilhis retirement on June 30, 2011. He had worked for Cameco Corporation and its predecessorcompanies since 1981 and was responsible for Cameco's worldwide uranium explorationactivities. Mr. Macdonald was the nominee of Cameco to the Corporation’s board from 2002 to2011, and has since served as a director independent of Cameco.

Graham C. Thody, CAMr. Thody was a Partner of NTA, Chartered Accountants from 1979 until his retirement frompublic practice in 2007. He was a Director of Pioneer Metals Corporation at the time of theadoption of the Plan of Arrangement which created UEX Corporation and has been a Director ofUEX since its inception. He served as Chairman of the Board of UEX until June 2010, and as itsPresident and CEO from November 2009 to January 2014. Mr. Thody continues in a consultingrole with UEX for two years and will continue as a member of the UEX Board. He is currentlyChairman and Chair of the Audit Committee of two publicly listed companies and is Chair of theAudit Committee of a third publicly listed company.

UEX Board of Directors

Left to right: Emmet McGrath, Graham Thody, Colin Macdonald,Suraj Ahuja, Roger Lemaitre and Mark Eaton

Board of Directors

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Page 5: Corporate Presentation - August 2015

TSX: UEX www.uex-corporation.com

Corporate Overview

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

UEX is amongst a small group of companies with existing N.I. 43-101 resources at the Indicated stage.

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 CamecoCorporation and AREVA, the world’s largest uranium companies

Progress continues on our advanced resource development projects at Shea Creek and Hidden Bay.

The Athabasca Basin is located in northern Saskatchewan, Canada andyields approximately 16% of the world’s mined uranium annually.

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Page 6: Corporate Presentation - August 2015

TSX: UEX www.uex-corporation.com

Shares Issued and outstanding 246,015,069 Fully diluted 263,331,069

Options 17,316,000 Weighted Average Exercise Price for Options $ 0.79Warrants Nil

Share Price (August 31, 2015) $ 0.18 Market Capitalization $ 44,282,712 Daily Trading Volume (3 month average) 203,683

Significant shareholders Cameco Corporation 20.33% Global X Uranium ETF 7.39% Current/Retired Management & Directors 1.45%

Cash position as at July 31, 2015 (estimated) $ 6.7 million

Corporate Summary

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Page 7: Corporate Presentation - August 2015

TSX: UEX www.uex-corporation.com

UEX Major Assets

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Page 8: Corporate Presentation - August 2015

TSX: UEX www.uex-corporation.com

Total ResourcesN.I. 43-101 Mineral Resource Estimates

69.84 16.56

0

5

10

15

20

25

30

35

40

Shea Creek (UEX's 49.1% share) Hidden Bay

33.2236.62

13.84

2.72M

illio

ns o

f pou

nds o

f U3O

8

Millions of Pounds of U3O8 by Category and by Project

Indicated Mineral Resource (UEX’s share)

Inferred Mineral Resource (UEX’s share)

Deposit

SHEA CREEK - Indicated Categoryat 0.30% U3O8 Cut-off

SHEA CREEK - Inferred Categoryat 0.30% U3O8 Cut-off

Tonnes

Grade U3O8(%)

U3O8(lbs) Tonnes

Grade U3O8(%)

U3O8(lbs)

Kianna* 1,034,500 1.526 34,805,000 560,700 1.364 16,867,000

Anne* 564,000 1.992 24,760,000 134,900 0.880 2,617,000

Colette* 327,800 0.786 5,680,000 493,200 0.716 7,780,000

58B* 141,600 0.774 2,417,000 83,400 0.505 928,000

Total* 2,067,900 1.484 67,663,000 1,272,200 1.005 28,192,000

Deposit

HIDDEN BAY - Indicated Categoryat 0.05% U3O8 Cut-off

HIDDEN BAY - Inferred Categoryat 0.05% U3O8 Cut-off

Tonnes

Grade U3O8(%)

U3O8(lbs) Tonnes

Grade 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

West Bear 78,900 0.908 1,579,000 - - -

Total 10,372,500 0.160 36,623,000 1,109,200 0.111 2,715,000

* Joint venture with 49.1% UEX / 50.9% AREVA ownership

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Page 9: Corporate Presentation - August 2015

TSX: UEX www.uex-corporation.com

Project Expenditures

$44.1M

$60.2M

$38.8M

$7.4M

$6.8M

0

10

20

30

40

50

60

70

80

Shea Creek Hidden Bay Other

Cumulative Expenditures(C$ millions)

Exploration Development

0

0.5

1

1.5

2

2.5

3

Shea CreekHidden Bay

Other

$0.0

5M

$0.2

9M

$1.01M

- $0.0

2M

-

$1.37M

$2.50M

$0.75M

UEX Expenditures 2014-2015(C$ millions)

Exploration 2014 Development 2014Exploration 2015 Budget Development 2015 Budget

At December 31, 2014

2014 2015 2014 20152014 2015

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Page 10: Corporate Presentation - August 2015

TSX: UEX www.uex-corporation.com

At December 31, 2013

19.9

6.5

21.124.0

11.5

2.9

12.6

-0

5

10

15

20

25

Shea Creek* Hidden Bay

Annual Drilling 2010-2013(thousands of metres)

2010 2011 2012 2013

99.3

205.0

153.9

282.9

0

100

200

300

400

500

Shea Creek* Hidden Bay

Historical Drilling(thousands of metres)

Pre-UEX UEX

* 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.

2010 2011 2012 2013 2010 2011 2012 2013

Exploration Drilling

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Page 11: Corporate Presentation - August 2015

TSX: UEX www.uex-corporation.com

Experienced world-class joint venture partner AREVA is a global uranium miner with Athabasca experience.

UEX has the ability to direct future exploration activities through additional funding.

Third largest undeveloped uranium resource in the Athabasca Basin.

Impressive potential for resource expansion:‒ Current resources are open in almost every

direction.‒ Only 3 km of the 33 km prospective Saskatoon

Lake Conductor has been adequately explored.‒ Several conductors on the property remain

untested.

- 11 -

49.1%50.9%

Page 12: Corporate Presentation - August 2015

TSX: UEX www.uex-corporation.com

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

AREVA’s former Cluff Lake uranium mine is located approximately 15 km to the north of the Shea Creek deposits and produced over 62 million lbs(1) of U3O8 during its successful 22 years of operation.

Access is provided year-round by Provincial Highway 955, allowing for easy transport of crews, equipment and supplies to the project site.

(1) Source: Saskatchewan Mining Association

SHEA CREEK PROJECT

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Shea Creek Exploration Camp

Page 13: Corporate Presentation - August 2015

TSX: UEX www.uex-corporation.com

The Shea Creek Project is a joint venture 49.1% owned by UEX Corporation and 50.9% owned by AREVA Resources Canada Inc., the project operator.

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

UEX Cumulative Expenditures As at December 31, 2014

Exploration C$44.1 million Development C$ 7.4 million

2015 Joint Venture Budget Exploration C$ 2.8 million*

* The total 2015 joint venture budget for Western Athabasca isC$4.8 million of which UEX intends to fund C$2.1 millionincluding C$1.37 million for Shea Creek.

Shea Creek - Overview

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Page 14: Corporate Presentation - August 2015

TSX: UEX www.uex-corporation.com

The N.I. 43-101 mineral resource estimate for Shea Creek incorporates resources from theKianna, Anne, Colette and 58B deposits based on drilling information up to December 31, 2012.The Shea Creek mineral resource estimate is included in a technical report on the Shea Creek Project with an effective date of May 31,2013 which was filed on SEDAR at www.sedar.com on May 31, 2013.

This mineral resource estimate confirms that Shea Creek is the third largest undevelopeduranium resource in the Athabasca Basin. It also ranks as the fifth largest existing uraniumresource in the Basin, exceeded in size only by McArthur River, Cigar Lake, Millennium andTriple R.

The resources at Shea Creek are open in almost every direction and have excellent potential forsignificant 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* 1,034,500 1.526 34,805,000 560,700 1.364 16,867,000

Anne* 564,000 1.992 24,760,000 134,900 0.880 2,617,000

Colette* 327,800 0.786 5,680,000 493,200 0.716 7,780,000

58B* 141,600 0.774 2,417,000 83,400 0.505 928,000

Total* 2,067,900 1.484 67,663,000 1,272,200 1.005 28,192,000

* Joint venture with 49.1% UEX / 50.9% AREVA ownership

Shea Creek - Resources

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Page 15: Corporate Presentation - August 2015

TSX: UEX www.uex-corporation.com

The Shea Creek Project contains four known uranium deposits: Kianna Anne

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

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

UEX signed an agreement that allows the Company to increase its interest in the Western Athabasca Joint Venture (including Shea Creek).

The Company has the option but no obligation to spend up to $18.0 million over a six-year period to earn an additional 0.9% interest in the project. UEX will gain not only a further interest of 0.9% in the existing resource, but also up to 49.9% of any further resources discovered. UEX has already earned 0.1% of the 0.9% interest to date.

Colette 58B

Shea Creek - Deposits

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Page 16: Corporate Presentation - August 2015

TSX: UEX www.uex-corporation.com

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 wireframe model of the Kianna Deposit depicting stacked mineralization is shown to the left.

Perched

Unconformity

Basement

New Basement

Zone

Kianna Deposit

Shea Creek - Mineralization

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Page 17: Corporate Presentation - August 2015

TSX: UEX www.uex-corporation.com

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

Shea Creek - Mineralization

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Page 18: Corporate Presentation - August 2015

TSX: UEX www.uex-corporation.com

Selected High-Grade Drilling ResultsColette SHE-111-06

(B) 23.9% U3O8 over 0.5 m

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 mAnne 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

Shea Creek - Mineralization

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Page 19: Corporate Presentation - August 2015

TSX: UEX www.uex-corporation.com

Kianna Deposit: Wireframe ModelSide view facing SW: perched, unconformity and

basement mineralization are clearly visible.

SHE-115-03: GT 1149.34% U3O8/12.2 m

SHE-115-05: GT 737.83% U3O8/7.2 m

SHE-115-08: GT 916.17% U3O8/6.7 m

SHE-114-05: GT 22420.7% eU3O8/10.2 m

SHE-118: GT 506.30% U3O8/7.9 m

SHE-115-10: GT 1448.58% U3O8/15.0 m

SHE-115-11: GT 885.36% U3O8/16.5 m

SHE-114-11: GT 2544.09% eU3O8/45.0 m

SHE-114-19: GT 715.94% eU3O8/12.0 m SHE-115-04: GT 48

2.55% U3O8/19.0 m

SHE-114-20: GT 1451.02% eU3O8/141 m

SHE-114-09: GT 1444.64% eU3O8/22.2 m

SHE-115-18: GT 1158.42% eU3O8/12.6 m

SHE-114-07: GT 707.37% U3O8/9.5 m

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

PerchedUnconformity

Basement

Basement Zone (2011)

Basement ZoneUpper Kianna East

(2012)

Basement ZoneKianna East (2012)

Shea Creek - Kianna Deposit

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Page 20: Corporate Presentation - August 2015

TSX: UEX www.uex-corporation.com

Anne Deposit: Wireframe ModelSide view facing NE: perched, unconformity and

basement mineralization are clearly visible.

SHE-095-03: GT 864.41% U3O8/14.9 m

SHE-099-02: GT 1015.65% U3O8/17.9 m

SHE-087: GT 7011.6% U3O8/6.0 m

SHE-099: GT 8410.0% U3O8/8.4 m

SHE-099-03: GT 362.61% U3O8/13.6 m

SHE-100-01: GT 1103.32% U3O8/25.1 m

SHE-122-05: GT 753.64% U3O8/20.5 m

SHE-122-01: GT 1634.21% U3O8/36.0 m

SHE-096-03: GT 1435.42% U3O8/19.0 m

SHE-101-02: GT 323.75% U3O8/8.6 m

SHE-016: GT 394.32% 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 797.24% U3O8/8.7 m

SHE-109-06: GT 404.51% U3O8/8.9 m

Unconformity Perched

Basement

Shea Creek - Anne Deposit

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Page 21: Corporate Presentation - August 2015

TSX: UEX www.uex-corporation.com

Colette Deposit: Wireframe ModelView from above the unconformity facing SE with

58B, Kianna and Anne visible in the distance.

SHE-052: GT 392.34% U3O8/16.8 m

SHE-065: GT 211.73% U3O8/11.9 m

SHE-111-06: GT 263.23% U3O8/8.0 m

SHE-059: GT 274.10% 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 331.28% eU3O8/26.0 m

SHE-066-3: GT 341.22% eU3O8/27.9 m

Unconformitymineralization

ANNE

KIANNA

58B

Basement mineralization

COLETTE

KIANNAEAST

Shea Creek - Colette Deposit

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Page 22: Corporate Presentation - August 2015

TSX: UEX www.uex-corporation.com

58B Deposit: Wireframe ModelView from above the unconformity facing SE with

Kianna and Anne visible in the distance.

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

Broad areas of the highly prospective structuralcorridor hosting 58B remain sparsely tested andopen in several directions.

SHE-133-5: GT 19.56.53% eU3O8/1.6 m

SHE-133-6: GT 11.86.17% eU3O8/1.6 m

SHE-133-7: GT 22.72.13% 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 20.21.81% eU3O8/7.6 m

SHE-133-4: GT 21.26.55% eU3O8/2.4 m

Unconformitymineralization

KIANNA

Basement mineralization

58B

KIANNAEAST

ANNE

Shea Creek - 58B Deposit

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Page 23: Corporate Presentation - August 2015

TSX: UEX www.uex-corporation.com

Hosts the seventh largest undeveloped uranium resource in the Athabasca Basin.

Known deposits:‒ Horseshoe, Raven and West Bear

Horseshoe-Raven Camp

The 2010 N.I. 43-101 preliminary economic assessment report (PA) indicates that the project could yield EBIT of C$246M, pre-tax NPV of C$163M and IRR of 42%(1)(2) at a price of US$60/lb U3O8.

HIDDEN BAY PROJECT

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100% owned

(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.(2) Projects in the mining sector have experienced rising costs, including rising capital and operating costs, during the past few years. Rising capital and operating costs would, in the

absence of other changes, negatively impact EBIT, NPV and IRR which have been calculated based upon historical costs. Accordingly, readers should bear these factors in mind when reading the PA and should not place undue reliance on the PA.

Aerial view of Horseshoe-Raven Camp

Page 24: Corporate Presentation - August 2015

TSX: UEX www.uex-corporation.com

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 to be negotiated.

Hydroelectric transmission lines that service both of these facilities pass 3 km to the north of the deposits.

Provincial Highway 905 provides access to the deposits and the local uranium mills.

- 24 -

HIDDEN BAY PROJECT

Page 25: Corporate Presentation - August 2015

TSX: UEX www.uex-corporation.com

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 seventh largest undeveloped uranium resource in the Athabasca Basin.

Cumulative ExpendituresAs at December 31, 2014

Exploration C$60.2 million Development C$ 6.8 million

2015 Exploration Program $2.5 million basement targeting drilling

program

Hidden Bay - Overview

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Page 26: Corporate Presentation - August 2015

TSX: UEX www.uex-corporation.com

The February 2011 N.I. 43-101 Preliminary Assessment Technical Report (“PA”) prepared by SRK Consulting(Canada) Inc. recommends that the project be advanced to a preliminary feasibility level, and that this nextphase of study also include UEX’s West Bear Deposit.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 utilized cut-off grades calculated on the basis of $60 (US) per lb of U3O8 and estimated 16.6 million lbsof U3O8 could be extracted over a seven-year mine life.

Base Case economics at $60 (US) per lb of U3O8:

Price U3O8(per lb)

Pre-Tax (Base Case) (1)

EBIT (C$ millions)

NPV5%(C$ millions)

IRR(%)

$60 (US) 246 163 42“EBIT” Earnings before interest and taxes “IRR” Internal rate of return“NPV5%” Net present value (5% discount rate)

The Preliminary Assessment Technical Report is preliminary in nature, includes inferred mineral resources thatare considered too speculative geologically to have the economic considerations applied to them that wouldenable them to be categorized as mineral reserves, and there is no certainty that the preliminary economicassessment will be realized. Mineral resources that are not mineral reserves do not have demonstratedeconomic viability.

(1) Projects in the mining sector have experienced rising costs, including rising capital and operating costs, during the past few years. Rising capital andoperating costs would, in the absence of other changes, negatively impact EBIT, NPV and IRR which have been calculated based upon historicalcosts. Accordingly, readers should bear these factors in mind when reading the PA and should not place undue reliance on the PA.

Horseshoe and Raven Economics

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Page 27: Corporate Presentation - August 2015

TSX: UEX www.uex-corporation.com

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 opportunities for the improvement of economics, including:

Expansion of mineable tonnes due to an increase in U3O8 price 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 at other locations on the Hidden Bay property; 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.

Horseshoe and Raven Economics

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Page 28: Corporate Presentation - August 2015

TSX: UEX www.uex-corporation.com

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

Horseshoe and Raven Resources

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Page 29: Corporate Presentation - August 2015

TSX: UEX www.uex-corporation.com

Horseshoe and Raven Deposits

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

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

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Page 30: Corporate Presentation - August 2015

TSX: UEX www.uex-corporation.com

Horseshoe and Raven Mineralization

Nodular pitchblende rimmed by boltwoodite

Pitchblende in hematite-clay

Late yellow boltwoodite-uranophane

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

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Page 31: Corporate Presentation - August 2015

TSX: UEX www.uex-corporation.com

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.

‒ All resources are within 35 m of surface.

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.

WEST BEAR RESOURCES

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100% owned

Page 32: Corporate Presentation - August 2015

TSX: UEX www.uex-corporation.com

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

The near-surface nature of the mineralization is amenable to shallow open-pit mining.

WEST BEAR DEPOSIT

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35 m

Page 33: Corporate Presentation - August 2015

TSX: UEX www.uex-corporation.com

Third largest undeveloped uranium resource in Canada’s Athabasca Basin

49.1% owned by UEX in partnership with AREVA Resources Canada Inc.

Kianna, Anne, Colette and 58B contain an estimated 67.7 million lbs U3O8 Indicated and 28.2 million lbs U3O8 Inferred mineral resources(1)

Potential to grow our interest in known resources by up to 0.9% and our interest by up to 49.9% in future resources discovered by funding additional exploration at Shea Creek beyond the budgets proposed by the project operator

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

Seventh largest undeveloped uranium resource in the Athabasca Basin

100% owned by UEX Corporation

Positive Preliminary Assessment to be advanced further when uranium commodity price justifies

Unequaled potential for new basement-hosted deposits

Horseshoe, Raven and West Bear are host to an estimated 36.6 million lbs U3O8 Indicated and 2.7 million lbs U3O8Inferred mineral resources(2)

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

Shea Creek Hidden Bay

(1) See “Shea Creek - Resources” on page 14 for % U3O8 grades and % U3O8 cut-off. (2) See “Horseshoe & Raven Resources” on page 28 for % U3O8 grades and % U3O8 cut-off.

Project Summary

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Page 34: Corporate Presentation - August 2015

TSX: UEX www.uex-corporation.com

New Basement Potential

Unconformity Target Basement Target

Brittle Graphitic Faults

EM Conductors

Sandstone Bleaching Basement Brittle Faulting

EM Conductors Nearby

Nearby Graphitic Faults

Sandstone Bleaching

Sandstone Clay Alteration

Anomalous U Chemistry

Basement Clay Alteration

Lack of Basement Hematite

Sandstone Clay

Alteration

Anomalous U Chemistry

Twelve highly prospective areas that have the key basement deposit features

Multiple areas of massive basement clay alteration similar to that found around basement-hosted deposits in the Basin

2015 drill program focusing on the Dwyer and Wolf Lake target areas underway

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Page 35: Corporate Presentation - August 2015

TSX: UEX www.uex-corporation.com

High-Priority Basement Targets

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Extensive geological database of 1,800+ historic drill holes provides new discovery potential

Historic uranium holes have exhibited basement mineralization characteristics not thought relevant in the past

Targets proximal to existing uranium infrastructure

Massive Clay Alteration in basement of hole D-57 – Dwyer Lake target area

…Drilling Underway

Page 36: Corporate Presentation - August 2015

TSX: UEX www.uex-corporation.com

Our primary objectives:

To drill test priority basement targets at Hidden Bay which were identified during the 2014 review of the Company's database which was compiled when typical unconformity-style deposits were being sought by previous explorers in the area;

To continue the exploration and development work required to delineate and develop economic uranium resources at the Shea Creek Project, while finding more deposits in the vicinity;

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

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, which may include outright property acquisitions or other business combinations.

Growth Strategy

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Page 37: Corporate Presentation - August 2015

TSX: UEX www.uex-corporation.com

Shea CreekDiscovery of new deposits along

the productive Saskatoon Lake Conductor trend

Hidden BayExploring the best basement

area in the Athabasca Basin for new deposits

Looking Ahead

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Page 38: Corporate Presentation - August 2015

PRESENTATION ELEMENTSFor more information:

UEX CorporationSuite 1007 – 808 Nelson Street

Vancouver, BC V6Z 2H2

www.uex-corporation.comInvestor and Media Inquiries Contact:

Roger Lemaitre, President & CEO+1 (604) 669-2349

[email protected]

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