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IAEA October 2015

Madaouela Uranium ProjectNiger’s Newest Mine?Jerome Randabel, Daniel Major, Ibrahim Aouami, Henri Sanguinetti, Mahaman Garba, Fatima Korgom.

Disclaimers & Cautionary Statements

This presentation is and proprietary to GoviEx Uranium Inc., and may not be reproduced, disseminated or referred to, in whole or in part withoutthe prior consent of the company. The company assumes no responsibility for verification of the information in these materials, and norepresentation or warranty is made as to the accuracy or completeness of such information. The company assumes no obligation to correct orupdate these materials. These materials do not contain all information that may be required to evaluate, and do not constitute arecommendation with respect to, any transaction or matter. Any recipient of these materials should conduct its own independent analysis of thematters referred to herein.

This presentation includes certain “forward-looking statements”. All statements other than statements of historical facts, are forward lookingstatements that involve various risks and uncertainties. Statements relating to “resources” are deemed to be forward-looking statements, asthey involve the implied assessment, based on certain estimates and assumptions, that the resources described can be profitably produced inthe future. There can be no assurances that such statements will prove accurate and actual results and future events could differ materially fromthose anticipated in such statements. Such information contained herein represents management’s best judgment as of the date hereof basedon information currently available. The company can not guarantee future results, levels of activity, performance, or achievements. Thecompany does not assume the obligation to update any forward-looking statement.

Disclosure of a scientific or technical nature in this presentation relating to the companies mineral properties was prepared by, or under thesupervision of, Dr. Rob Bowell of SRK Consulting UK, a “qualified person” as defined in NI 43-101. Historical data disclosed herein has not beenverified by Dr. Bowell.

Complete disclosure with respect to (a) the key assumptions, parameters, and methods used to estimate the mineral resources and mineralreserves described herein and (b) known risks that could materially affect the potential development of those mineral resources or mineralreserves is set forth in the Company’s technical report titled “AN UPDATED INTEGRATED DEVELOPMENT PLAN FOR THE MADAOUELA PROJECT,NIGER”, dated August 20 2015, available at www.sedar.com.

United States investors are cautioned that the requirements and terminology of NI 43-101 and the CIM Standards on Mineral Resources andReserves – Definitions and Guideline (“CIM Standards”) differ significantly from the requirements and terminology of the United States Securitiesand Exchange Commission (“SEC”) set forth in the SEC’s Industry Guide 7 (“SEC Industry Guide 7”). Accordingly, the Company’s disclosuresregarding mineralization may not be comparable to similar information disclosed by companies subject to SEC Industry Guide 7. Without limitingthe foregoing, while the terms “mineral resources”, “inferred mineral resources”, “indicated mineral resources” and “measured mineralresources” are recognized and required by NI 43-101 and the CIM Standards, they are not recognized by the SEC and are not permitted to beused in documents filed with the SEC by companies subject to SEC Industry Guide 7. In addition, the NI 43-101 and CIM Standards definition ofa “reserve” differs from the definition in SEC Industry Guide 7. This presentation and the disclosure contained herein does not constitute an offerto sell or the solicitationof an offer to buy securities of GoviEx Uranium.

OUTLINE

• LOCATION

• HIGHLIGHTS

• HISTORY

•GEOLOGY

•ACHIEVEMENTS/MILESTONES

•DESCRIPTIONS OF DEPOSITS (MM, MIRIAM)

•CONCLUSION

The Republic of Niger – Uranium Country• World’s 4th largest uranium-producing nation (World Nuclear Association Report, 2012)

• 50 years of uninterrupted uranium exports on highway that crosses GoviEx tenements

• 2011 Presidential Election lauded by independent observers and the EU

• President Issoufou has a mining background and elected on platform of job creation

Cominak Mill & Somair Mine near Arlit, adjacent to GoviEx’s Madaouela Project

• Mining accounts for 50-70% of export revenues, national priority for job creation

• Mining Code encourages foreign direct investment and project development

• Well-established infrastructure

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GoviEx Licences in Niger’s Mining Heart GoviEx Milestones • 2007 – GoviEx commenced operations focused on building a Niger team

• 2008 – Signed Strategic Partnership with Cameco Corporation-Drilling Started

• 2009 – Expanded exploration program at Madaouela

• 2010 – Progress Southward and discovery of MSNE/Completed NI 43-101 preliminary economic assessment (PEA)

• 2011 – Discovery Miriam,MSEE, MSCE/ Surpassed 400,000 metres of drilling and updated resource estimate

• 2012 – Regional Exploration, Discovery La Banane/Financing and off-take agreement with Toshiba

• 2013 – Completed NI 43-101 integrated development plan (IDP)

• 2014 – IPO and Toshiba A Bond Redemption

• 2015 – Expanded Marianne and Marilyn Uranium Mineral Resource-ESIA and FS.

Madaouela Permits and Location

• Renewed Madaouela 1, 2, 3, 4 and Anou Melle permits in November 2012; extended for a further 36 months

• Applied for Agal and Eral licences in November 2012; awaiting approval

HISTORY1961-1965: CEA carried out extensive exploration and development

• Geological mapping, radiometric ground and airborne surveys, rock sampling and drillingof surface anomalies

• Discovery of Madaouela, in continuity with channel structure in the Guezouman

• Development up to 100m square grid drilling of three main areas located in relatively

low depth (40 to 100m): Martine, Marylin, Marianne

• Exploration south and sw at 1600M and 800M grid,leading to the discovery of new a

area of interest

• Total over 1000 dh, Marylin 252 dh (33 ddh), Marianne 102dh (22 ddh)

• Mining tests: 70m deep vertical shaft,

• High-Grade Uranium

mineralization

assayed for every 2

meter blast

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HISTORY1982-1999 PNC – ONAREM Techili project

Mineralization is found in the Guezouman

sandstone (Lower Tagora series), two kinds of

deposits ("carpet" and "christmas tree", from

Marianne-Marilyn to Miriam)

and argillites/silts and arkose of the

Madaouela (Upper Tagora).

The Guezouman sandstone and basal Teleflak

conglomeratic level is the first detrital material

accumulated over the long marine

sedimentation of the black argillite/clay of

Talak (the main reducing pole)

The Madaouela Fm represents the transition

between reducing sediments of the

Carboniferous and Permian continental red

sandstones.

The area is characterized by the non

deposition of the Tarat sandstone (mined by

open pit in Arlit) on the west side of the

Madaouela flexure

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Local Stratigraphy

Fresh, good quality Tchinezogue unit

Talak

Unite d’Akokan

Guezouman Sandstone

Tchinezogue (weathered)

Tchinezogue (unweathered)

Regional Geology

and structures

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Marianne-Marilyn

Miriam

• West dipping strata, with localised

drag folding near faults.

•Major continental NS fault- Arlit

fault.

•Subsidiary N40 normal to

transtensional horsts and graben

•N70 locally strike slip faulting,

controlling paleochannels and

mineralisation,

•N140 faults- less well identified but

ubiquitous at Miriam, and other

anomalies

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Regional Structures

Somair

Arlit fault

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•ROLL FRONT-similarities with

nearby Akouta. Thick (up to 25m,

average 15m) along N140

fractures, creating Christmas tree

like mineralised structures.

(Miriam)

•BASAL TYPE DEPOSIT- Thin

(average 1.2m) carpet like

distribution, associated with N70

structures and paleochannels.

Accumulation of U at foresets and

also within basal conglomerates

(Teleflak) (Marilyn and Marianne,

MSNE,MSCE and MSEE)

Two Types of Mineralisation

MINERALOGY HG & LG ORE 2015

Bulk mineralogy:

Dominated by quartz >65-

80%

Followed by:

K-Feldspar

Kaolinite

Dolomite (in LG samples)

Gypsum

Calcite (in HG samples)

Molybdenum minerals:

Wulfenite

Powellite

Molybdenite

Uranium mineralogy:

Pitchblende

Schoepite

Minor: Orthobrannerite (FG)

Coffinite and Omohite

The majority of uranium bearing

minerals exists as U4+

Pitchblende

Marilyn and Marianne (Basal Type)

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Ore depth from 20m

To 110m

� Uranium hosted in Guezouman

sandstone above the basal Talak contact.

� Concentrated at contact sandstone Guez

– Talak black shale

� UA monoclinal en-echelon structures,

N70E pre GUEZ faulting guiding channel

axes. Dextral strike slip strucures.

� Ore controlled by sedimentary

structures and N70E to N80E paleo

channel structures

� Ore intersections at depths of 20m in

North to 110m in the South

� Ore seam subhorizontal and tabular,

1.2m average width, open to UG mining

Note-

channels

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Thickest

correspond to UA

channelsDome

Near Barren Zone at

core of channelDome

Marilyn Section

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Paleochannel-

fault controlled-

filled with UA

Marianne Section

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Dome

Paleochannel-

fault controlled-

filled with UA

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Dome

22

Dome

ORE CHARACTERISTICS derived from the core sampling

GUEZOUMAN TALAK

contact

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Typical Core Samples of Uranium

Bearing Zones

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Mineralised controls-Miriam Area

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Miriam

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Combining sequences and mineralization

( intervals at cut offs eU 200ppm, 400 ppm and 1000ppm)

the rich zones are related to the intersection

of discrete expansion faulting within favorable

sedimentology units, resulting in the

“Christmas tree” aspect of the high grade

zones

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THE MIRIAM CASE

Miriam

drilling situation

(31 Jan 2013)

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Summary of the mineral resources classified in accordance with CIM guidelines for Madaouela Project using cut-off: 0.4 kg/t eU

Madaouela Mineral Resources, April 2015 Conceptual Integrated Mine Development Plan

TAILINGS STORAGE FACILITY

M&M PORTAL LOCATION

PROCESSING PLANT

HIGH VOLUME & MINE LINK ROAD CONVEYOR

EXPLOSIVES MAGAZINE

MSNE-MARYVONNE INFRASTRUCTURE AREA

MSNE-MARYVONNE

PORTAL LOCATION

WELLFIELD

LOCATION

MARIANNE-MARILYN

UNDERGROUND MINE

M&M INFRASTRUCTURE AREA

SITE ACCESS ROAD FROM N25 MSNE-

MARYVONNE

MINE

HIGH VOLUME & MINE LINK ROAD

MIRIAM OPEN PIT

MIRIAM WASTE DUMP 3

MIRIAM WASTE DUMP 2

MIRIAM WASTE DUMP 1

MIRIAM INFRASTRUCTURE AREA

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Probable Mineral Reserves

CIM mineral reserve statement (May 20, 2015) for the Madaouela deposit

• Probable mineral reserves are 60.6 Mlb U3O8 at 0.093% U3O8.

• Reported on 100% basis.

• Total Uranium Recovery forecast at 83%.

• Accounts for dilution, mining losses and stope design losses.

Project Milestones

� Completed IDP in 2013

� IPO completed in 2014

� ESIA completed March 2015

� Mining Permit Application June 2015

• Mining Permit Grant in 2015/16

• Pre-mine development in 2016/17

• Attain full production in 2018/2019

Thank You