INVESTOR PRESENTATION July 2020

Targeting High Grade Uranium Discoveries in the Athabasca Basin

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All statements, other than statements of historical fact, contained in this presentation constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, and “forward-looking information” under similar Canadian legislation and are based on the reasonable expectations, estimates and projections of the Company as of the date of this presentation. Forward-looking statements and forward-looking information include, without limitation, possible events, trends and opportunities and statements with respect to possible events, trends and opportunities, including with respect to, among other things, the state of the uranium market, global market conditions, the ability of the Company to identify and acquire assets, results of exploration activities, the nature of potential business acquisitions, capital expenditures, successful development of potential acquisitions, currency fluctuations, government policy and regulation, geopolitical uncertainty and environmental regulation. Generally, forward-looking statements and forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking statements and forward-looking information are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Many of these uncertainties and contingencies can affect the Company’s actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements and forward-looking information made by, or on behalf of, the Company. All of the forward-looking statements and forward-looking information made in this presentation are qualified by these cautionary statements. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws. Nothing in this presentation should be construed as either an offer to sell or a solicitation of an offer to buy or sell shares in any jurisdiction. Neil McCallum, P.Geol., is the Qualified Person under National Instrument 43-101 who has reviewed and approved the scientific and technical content in this presentation.

Legal Disclaimer

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We find the fuel to power a clean energy future Standard Uranium will use best practices and experience gained from making previous uranium discoveries in the Southwest Athabasca Basin region of Saskatchewan, Canada

Vision

Davidson River Project

Cluff Lake Mine Shea Creek Arrow Triple R

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Standard Uranium – Pre-discovery uranium company, completed public listing on the TSXV –May 4, 2020. $4.5M oversubscribed prospectus offering financing closed June 26, 2020

Flagship Project – Davidson River project in the Southwest Athabasca (SWA) Uranium District - Southwest Athabasca Basin

Strong Team – backed by an executive team experienced in uranium exploration & discoveries (including in the SWA district specifically), junior mining finance and capital markets

Short-term Catalysts – Public listing completed Q2 2020, Davidson River drill targets identified and Inaugural drill program planned for Q3 2020 followed by robust marketing program

Company Snapshot

Davidson River Project

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The greatest times to be a uranium investor are when a junior exploration company makes a major discovery or just prior to putting a mine into production. If you can do either of these during a bull market the results are amplified

Timing Uranium Investing – Pre Discovery

Standard Uranium has the potential to make a uranium discovery in an upward trending bull market

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Jon Bey – President, Chief Executive Officer, Director, (Chair) Mr. Bey is a capital markets executive with over 13 years in the junior exploration industry with experience in uranium, gold, silver, lead, zinc, diamonds and oil and gas. He has public company experience across several sectors and with companies listed on the TSX, TSX-V, CSE, and LSE Exchanges. Mr. Bey is the founder and Managing Director of the Steel Rose Group of companies.

Neil McCallum – V.P. Exploration, Director

Mr. McCallum has over 15 years of experience primarily in North American mineral deposit exploration, with a focus on targeting and discovery of unconformity-related uranium deposits. He is currently a project manager at Edmonton based Dahrouge Geological Consulting Ltd. Mr. McCallum has managed and conducted uranium exploration in and around the Athabasca Basin and other jurisdictions for multiple companies.

Garrett Ainsworth – Independent Director

Mr. Ainsworth is an accomplished geologist and mining executive. He was Vice President Exploration & Development at NexGen Energy Ltd. where he led the technical team and all exploration activities. For his work at NexGen, Garrett was co-recipient of the 2018 PDAC Bill Dennis Award & the 2016 Mines & Money Exploration award. Prior to that, Mr. Ainsworth was the Vice President Exploration at Alpha Minerals Inc., and project managed the discovery of the Patterson Lake South high-grade uranium boulder field and drill discovery of the Triple R Uranium deposit. He was named co-recipient of the AMEBC Colin Spence Award in 2013 for his lead role in the discovery of Triple R.

Blair Jordan – Lead Independent Director

Mr. Jordan was most recently Interim CEO of Ascent Industries Corp., where he successfully led a substantial restructuring. Prior thereto, he was Managing Director of Investment Banking at Echelon Wealth Partners Inc., and before that, spent nearly 10 years with Credit Suisse in London, New York and Tokyo. Before joining Credit Suisse, he was a securities lawyer with Bennett Jones LLP in Calgary. He holds an MBA from the Booth School of Business at the University of Chicago, and an LLB from the University of British Columbia. Mr. Jordan has extensive experience working in public markets, both as a director and officer.

Martin Bajic – Chief Financial Officer

Mr. Bajic holds a B.A. and Diploma in Accounting from UBC and is a member of the Chartered Professional Accountants of B.C. He has over a decade of experience serving as a director, chief financial officer, or consultant to numerous public companies trading on the TSX Venture Exchange or the CSE with a focus in the resource and technologies industries. His background as a CPA, CA provides the Company with the requisite skills necessary for financial management and compliance with today’s complex regulatory reporting requirements.

Exploration Focused Team

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Neil McCallum – V.P. Exploration, Director

Mr. McCallum has over 15 years of experience primarily in North American mineral deposit exploration, with a focus on targeting and discovery of unconformity-related uranium deposits. He is currently a project manager at Edmonton based Dahrouge Geological Consulting Ltd. Mr. McCallum has managed and conducted uranium exploration in and around the Athabasca Basin and other jurisdictions for multiple companies.

Garrett Ainsworth – Independent Director

Mr. Ainsworth is an accomplished geologist and mining executive. He was Vice President Exploration & Development at NexGen Energy Ltd. where he led the technical team and all exploration activities. For his work at NexGen, Garrett was co-recipient of the 2018 PDAC Bill Dennis Award & the 2016 Mines & Money Exploration award. Prior to that, Mr. Ainsworth was the Vice President Exploration at Alpha Minerals Inc., and project managed the discovery of the Patterson Lake South high-grade uranium boulder field and drill discovery of the Triple R Uranium deposit. He was named co-recipient of the AMEBC Colin Spence Award in 2013 for his lead role in the discovery of Triple R.

Galen McNamara – Technical Advisor

Mr. McNamara is currently CEO and Director of Summa Silver Corp (CSE: SSVR). He shared the 2018 PDAC Bill Dennis “Prospector of the Year” Award and 2016 Mines and Money Exploration Award, for his work on the Arrow uranium deposit. In 2014, Mr. McNamara co-founded Pioneer Exploration Consultants Ltd., a successful exploration consulting business, and Pioneer Aerial Surveys Ltd, a company focused on developing UAV-borne geophysical surveys. Prior to that, he managed surface exploration at what is now SSR Mining’s Seabee Gold Operation where he worked on the early drill development of the currently producing Santoy Gap gold deposit. Mr McNamara holds Bachelor’s and Master’s degrees in geology from Laurentian University of Sudbury, Ontario.

Sean Hillacre – Drill Program Manager

Mr. Hillacre has 5 years’ experience working as an exploration geologist in the Athabasca Basin uranium district in Saskatchewan working as part of the technical team progressing the Arrow uranium deposit towards production with NexGen Energy. A high-energy, results oriented geoscientist, Mr. Hillacre brings a unique and balanced background integrating academic geoscience with industry experience, along with a comprehensive understanding of project development. Mr. Hillacre received his B.Sc. & M.Sc. degrees in Geology from the University of Saskatchewan.

Exploration Technical Team

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Over 400 Million pounds of uranium deposits have been discovered in the Southwest Athabasca Uranium District in recent years, and discoveries continue Triple R Deposit1 (Discovered 2012) Fission Uranium Indicated 87.76 Mlbs 1.82% U3O8 600+ Drill Holes Inferred 52.85 Mlbs 1.80% U3O8 Arrow Deposit2 (Discovered 2014) NexGen Energy Indicated: 256.6 Mlbs 4.03% U3O8 600+ Drill Holes Inferred: 91.7 Mlbs 0.86% U3O8 Spitfire Zone3 (Discovered 2015)Cameco/Orano/Purepoint DH: HK15-27 – 2.8 m of 2.23% U3O8 100+Drill Holes Smart Lake Zone4 (Discovered 2008) Purepoint DH: SMT08-05 - 0.2 m of 0.19% U 17 Drill Holes Davidson River Property Standard Uranium 0 Drill Holes Results from adjacent properties do not indicate that the same or similar results will occur for the Davidson River Property 1 – Feb 20, 2018 Fission Uranium Corp. News Release 2 – Nov 5, 2018 Nexgen Energy Ltd. News Release 3 – March 31, 2015 Purepoint Uranium Group Inc. News Release 4 – Sept 4, 2019 Purepoint Uranium Group Inc. News Release

Southwest Athabasca Uranium District Deposits

STANDARD URANIUM

FISSION 3.0

FISSION 3.0

DENISON / ALX

CAMECO

UEX ORANO

ORANO

PUREPOINT ORANO

CAMECO

FISSION URANIUM

NEXGEN

ORANO SKYHARBOUR

CLEAN COMMODITIES

Triple R Deposit

Arrow Deposit

Spitfire Zone

Smart Lake Zone

ORANO

ORANO

ORANO

NEXGEN

PUREPOINT ORANO

CAMECO

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Clearwater domain is thought to be a potential source of the uranium or the source of the hydrothermal system related to uranium deposits located in the Southwest Athabasca Basin

Exploration corridors to the east of the Clearwater domain have had several recent major uranium discoveries

The Patterson Lake Corridor hosts the Spitfire zone, Arrow deposit and Triple R deposit, and is interpreted to continue through the Clearwater domain to the Davidson River Property

The corridors on the west of the Clearwater domain, in the Davidson River claim block, have recently been discovered by Standard Uranium but they have never been drill tested

Clearwater Domain Mirror Theory

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Size and Scope of Project: 25,886 hectares – 21 mineral claims Project Acquisition: Prior to 2012, region was off limits for staking due to oil and

gas reserves

Core claims were staked by the property vendor in 2013, shortly after the first “discovery hole” of the SWA District at the Triple R Zone

Prior to the Triple R discovery hole, it was believed that uranium could only be found in the basin, at unconformity

Claims were tied up in lawsuit for years Core claims were acquired by Standard Uranium from

property vendor in 2018 through an option agreement

100% of the Eastern extension claims were acquired by Standard Uranium through staking in 2018

Davidson River Project

Core Claims

Eastern Extension

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February 2018 – VTEM survey March 2019 – Condor Consulting Interpretation 26 target zones identified, 3 high-priority (A, M, R) May 2019 – Vector Geological Lineament analysis of magnetics May 2019 – ZTEM survey October 2019 - Condor Consulting Interpretation 10 target zones identified, 3 high-priority (3, 8, 9) Results from the VTEM, ZTEM, and magnetic surveys show similar geophysical signatures to those associated with the Triple R and Arrow deposits

Summary of Recent Geophysics

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• Standard has commissioned a magnetic lineament study that is used to determine structural breaks that cross the conductive corridors.

• These “cross-cutting” structures are another targeting layer for the possible location of mineralization hosted within the basement.

• Other deposits within the Athabasca Basin are located at or near cross-cutting structures.

• Circled areas are where a confluence of cross-cutting structures appear to intercept the conductors.

Magnetic Lineament Analysis

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• Blue ovals are locations along the conductors where there are breaks, offsets, and flexures.

• Associated shift in conductivity may indicate degradation of the graphitic conductor via interaction with hydrothermal fluids.

• This break in the VTEM conductor is a prominent feature of the Arrow deposit, where a cross cutting structure has offset the conductor.

Breaks & Offsets Along VTEM Conductors

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• Coloured areas are the filtered highest responses of the VTEM survey.

• The Triple-R deposit is located next to a prominent bright-spot in the VTEM survey.

• VTEM conductive bright spots are also associated with significant uranium mineralization at the Roughrider Deposit, Millennium Deposit, La Rocque Lake Deposit, Rabbit Lake Mine and Key Lake Mine

VTEM Conductive Bright Spots

From: RPA, 2015: Technical Report on the Patterson Lake South Property, Northern Saskatchewan, Canada, NI 43-101 Report prepared by Ross, D.A. for Fission Uranium Corp. (February 12, 2015), available at www.sedar.com

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• Changes in dip-direction of the VTEM conductor indicate “wrenching” of the associated conductive graphite shear zone

• Wrenching creates voids and open pore-

space often through brittle deformation within basement rocks.

• Wrenching action also creates a low-pressure vacuum that may draw in contrasting hydrothermal and meteoric fluids

• This presents an ideal setting for uranium to precipitate out

Changes in Dip Direction of Graphitic Conductor

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Integration of all Targeting Vectors

Cross-cutting structures inferred from magnetics

Off-sets or breaks along conductive trend

Conductive “bright-spots” from VTEM survey

Zones where the conductors change dip-direction

Priority drill target area (Warrior Zone) Based on several overlapping target criteria

High-priority area

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Drilling the Warrior Exploration Zone

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Planned Warrior Zone Drill Program: 5000 meters – 15-17 drill holes Drilling to commence July 2020 – Covid 19 dependent

Drill testing a uranium fertile corridor to confirm

uranium mineralization on the property

Testing wide conductive corridor with fence drilling

Drilling regular intervals to vector along conductor searching for: radioactivity, alteration & structure

Will identify and vector on most prospective graphitic /

sulphidic shear zones based on increased alteration and uranium content

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Share Structure

TRADING SYMBOLS

TSX VENTURE US OTCQB FRANKFURT

• Management & Insiders

• Sachem Cove

STND Coming soon FWB:9SU

CAPITAL STRUCTURE

STRATEGIC SHAREHOLDERS

ISSUED & OUTSTANDING SHARES FULLY DILUTED MARKET CAPITALIZATION

65.9 MM 103.8 MM 13.2 MM

• L2 Capital

• Tribeca Investment Partners

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Summary

Standard Uranium has an exploration team with proven success in making high grade

discoveries in the Southwest Athabasca Basin, Saskatchewan, Canada

The Davidson River Project is a land package that has never been drilled for uranium

and with the potential for further Patterson Lake Uranium District discoveries

Company completed its direct listing May 4, 2020 on the TSX-V : STND

Strong shareholder base with a tight share structure

Standard Uranium is planning the inaugural drill program on the flagship Davidson

River Project to commence in Q3 2020

June 26, Prospectus financing oversubscribed & closed $4.5M - led by Red Cloud

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Thank You Contact us to discover more opportunities

1.604.375.4488

jbey@standarduranium.ca www.StandardUranium.ca

Standard Uranium Ltd.

200-550 Denman Street, Vancouver, BC, Canada V6G 3H1