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Plateau Energy Metals Inc. Investor Presentation Nov 26th, 2018

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Plateau Energy Metals Inc. is a Canadian lithium and uranium exploration and development company focused on its properties on the Macusani Plateau in southeastern Peru. The Company controls all reported uranium resources known in Peru, significant and growing lithium resources and mineral concessions covering over 93,000 hectares (930 km2) situated near significant infrastructure. Plateau Energy Metals is listed on the TSX Venture Exchange under the symbol 'PLU', quoted on the OTCQB under the symbol “PLUUF” and the Frankfurt Exchange under the symbol 'QG1'.

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Plateau Energy Metals Inc. Investor Presentation Nov 26th, 2018

  1. 1. ENABLING THE NEW ENERGY PARADIGM TSX-V: PLU OTC US: PLUUF FSE: QG1
  2. 2. TSX-V:PLU OTC US: PLUUF Disclaimer The particulars contained herein were obtained from sources which we believe reliable but are not guaranteed by us and may be incomplete. The opinions expressed are based upon our analysis and interpretation and are not to be construed as a solicitation or offer to buy or sell the securities mentioned herein. This presentation includes certain forward-looking statements concerning the future performance of Plateau Energy Metals’ business, operations and financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. Forward-looking statements and forward-looking information include, but are not limited to, statements with respect to estimated production and mine life; the future price of lithium and uranium; the estimation of mineral reserves and resources; the realization of mineral resource and reserve estimates; the timing and amount of estimated future production; costs of production; success of exploration activities; and currency exchange rate fluctuations. Except for statements of historical fact relating to Plateau Energy Metals, certain information contained herein constitutes forward-looking statements. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks, the availability of financing, variations in grades or recovery rates, the interpretation of drill results, the geology, grade and continuity of mineral deposits and conclusions of economic evaluations, results of any initial feasibility, pre-feasibility and feasibility studies, and the possibility that any future exploration, development or mining results will not be consistent with our expectations. mining and development risks, including risks related to accidents, equipment breakdowns, unanticipated difficulties with or interruptions in exploration and development, the potential for delays in exploration or development activities or the completion of feasibility studies, if any, the uncertainty of profitability based upon the cyclical nature of the industry in which we operate, delays in obtaining governmental approvals or in the completion of development or construction activities, risks related to environmental regulation and liability, political and regulatory risks associated with mining and exploration, risks related to the certainty of title to our properties, risks relating to international operations, fluctuating currency exchange rates, changes in project parameters, the possibility of project cost overruns or unanticipated costs and expenses, labour disputes (including work stoppages and strikes) and other risks of the mining industry, failure of plant, equipment or processes to operate as anticipated, as described in more detail in the Company's recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and Plateau cautions against placing undue reliance thereon. Neither Plateau Energy Metals nor its management assume any obligation to revise or update these forward-looking statements. The preliminary economic assessment is preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized. Qualified Persons Mr. Ted O’Connor, P.Geo., a Director of Plateau Energy Metals, and a qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this presentation.
  3. 3. HIGHLIGHTS
  4. 4. TSX-V:PLU OTC US: PLUUF Excellent Infrastructure • Labour, water and inexpensive hydro-electric power • Transport (major highway 17km from camp) • Reagents supply in-country (H2SO4) Mining Supportive Jurisdiction • Supportive government and local communities Highlights Consolidated Land Package • 100% Control: 930 km2 in the world’s largest underdeveloped Lithium and Uranium districts • Location: Macusani Plateau, Puno, Southern Peru Strong Management Team & Board • Exploration -> development + project finance leadership • Peruvian technical, environmental, permitting + community relations teams 4
  5. 5. TSX-V:PLU OTC US: PLUUF • Shallow, volcanic supergene/surficial uranium deposits • Multiple satellite deposits, centralized processing plan • Ability to fast track development path to feasibility • Resilient project with optimization plans in review • Scalable, flexible growth plan Macusani Uranium Early Development Stage • Discovery -> Maiden Resource in 9 Months • High-grade volcanic-hosted Lithium deposit • Unique ‘hard rock’ deposit - +3,400 ppm Li • Large mineralized footprint - 20% drilled to date • Broader target area 6km x 5km Falchani Lithium Project Advanced Exploration Stage Highlights 5
  6. 6. TSX-V:PLU OTC US: PLUUF Philip Gibbs CFO ● Toronto ● CMA ● 30+ years financial management experience Analyst Coverage Technical Consultants Alex Holmes CEO & Director ● Vancouver ● Capital Markets ● Project Evolution ● MSc IM ● Prev. VP BD True Gold Mining Market Capitalization ~C$80 million Shares Outstanding ~76.9 million Warrants Outstanding (excl. broker warrants) ~2.0 million @ C$0.50 (05/19) ~2.1 million @ C$0.90 (05/21) ~2.6 million @ C$1.25 (05/20) Options Outstanding ~6.3 million @ C$0.35-C$1.14 52 Week Trading Range C$0.26 to C$1.69 Recent Share Price C$1.00 TSX-V: PLU | US OTC:PLUUF | FSE:QG1 Corporate Overview Laurence Stefan President & COO + Dir. ● Peru ● Geologist ● Exploration & Dev. ● PhD ● Leading PLU Peru since 2007 Ted O’Connor Prof. Geologist & Dir. ● Saskatoon ● Geologist ● Uranium Expert ● 20+ years Cameco 6 Ian Stalker Chairman ● Vancouver ● Engineer ● Former CEO, UraMin Inc. ● 35+ year mining experience Wayne Drier Director ● Vancouver ● Finance & Ops ● CFO, Ero Copper Alan Ferry Director ● Toronto ● Geologist, Analyst ● Director, Guyana Goldfields Maryse Belanger Director ● Vancouver ● Engineer & Ops ● President, COO, Atlantic Gold Christian Milau Director ● Vancouver ● Finance & Ops ● CEO, Equinox Gold
  7. 7. FALCHANI LITHIUM PROJECT
  8. 8. TSX-V:PLU OTC US: PLUUF Starter Resource Falchani Lithium Highlights Potential for Development Scalable | Bulk Tonnage | Near Surface Growth Metallurgy High Grade Lithium-rich tuff • Indicated *: ~35Mt at 3,409 ppm Li (0.63Mt Li2CO3) (equiv.) • Inferred *: ~78Mt at 3,410 ppm Li (1.41Mt Li2CO3) (equiv.) Lithium-rich tuff + Upper & Lower Breccia • Indicated *: ~41Mt at 3,104 ppm Li (0.67Mt Li2CO3) (equiv.) • Inferred*: ~122Mt at 2,724 ppm Li (1.76Mt Li2CO3) (equiv.) • Lithium zones located at surface to ~200 m below • Lithium zone average ~75 m (up to ~150 m) • Advancing to PEA • Mapped and surface sampled Lithium target area extends up to 1.7 km (N-S) and 2.2 km (E-W) • The maiden resource estimate is based on drilling that covers ~20% of the target area • Early metallurgical test work on sulphuric acid leach identifies potential for battery grade Lithium Carbonate 99.74% • Ongoing metallurgical test work to evaluate multiple processing options and advance work to determine ideal route(s) – target end of January 2019 for final results * Refer to NI 43-101 technical report as filed on SEDAR, September 7, 2018 8
  9. 9. TSX-V:PLU OTC US: PLUUF Falchani Lithium Project – 3D Overview 9
  10. 10. TSX-V:PLU OTC US: PLUUF Falchani East – Looking NE 10 D’D D D’
  11. 11. TSX-V:PLU OTC US: PLUUF Falchani West – Looking NW 11 G G G’ G’
  12. 12. TSX-V:PLU OTC US: PLUUF • Drilling extensions to deposit to the East, North and South Falchani Lithium Exploration Falchani “East” Extensions • Outcrop mapping and sampling extends target ~1km West • Lithium units at surface targeted for drilling – Tres Hermanas Falchani “West” • 6 km by 5 km interpreted collapsed caldera setting as target for future exploration Regional Targeting 12
  13. 13. TSX-V:PLU OTC US: PLUUF Falchani Roadmap April 2018 February 2018 January 2018+ Metallurgy Programs Completed conceptual stage test work with one process route to battery grade lithium product Next stage metallurgical work to evaluate a few process route options to identify preferred path November 2017 -> July 2018 Falchani Li Resource Discovery hole to maiden resource in ~9 months August 2018+ Exploration Ongoing Falchani East area resource expansion Falchani West exploration Q1 2019 Resource Update With continued exploration success, anticipate resource update in advance End of H1 2019 Falchani PEA Targeting PEA end of H1 2019 Appoint lead engineering firm for PEA study in December 13
  14. 14. MACUSANI URANIUM PROJECT
  15. 15. TSX-V:PLU OTC US: PLUUF Strong Project Economics Macusani Uranium Highlights Excellent Infrastructure US$50/lb U3O8 * Uranium Resources Near Surface + Leach Kinetics • NPV: US$603M | IRR: 40.6% | 1.8 years payback (AT) • Large scale: proposed production averaging ~6 Mlbs U3O8 per year over a 10 year mine life • PEA Mine Plan Resources: ~70 Mlbs U3O8 at 289 ppm • Low Cost: ~US$17/lb LoM cash cost, ~US$300M initial capital • Scalable + Flexible Mine Plan: Optimization Underway • Roads, inexpensive power, water, etc. proximal to project • Measured & Indicated: 52.9 Mlbs U3O8 (248 ppm) (75ppm U cut-off) • Inferred: 72.1 Mlbs U3O8 (251 ppm) (75ppm U cut-off) • Company owned drills – discovery + delineation costs to date at $0.36/lb in ground • 5 near surface deposits included in the PEA mine plan • Hosted in porous volcanic rock -> rapid leach and low acid Control of All Defined Uranium Resources in Emerging Uranium District** • Environmental Impact Assessment commencing • Government regulations on Uranium Transport + Export Path to Permitting * Refer to NI 43-101 technical report as filed on SEDAR, Feb 10, 2016 ** Refer to NI 43-101 technical report as filed on SEDAR, Jun 22, 2015 15
  16. 16. TSX-V:PLU OTC US: PLUUF • At US$65/lb: ~$965M • At US$35/lb: ~$235M Macusani Uranium Project Economics Uranium Price Sensitivities: (After-tax NPV 8%) • NPV Break-Even Price: US$25.66/lb • Relatively less sensitive to operating and capital costs • Project highly leveraged to uranium price • Resilient to downside, scalable to upside * Refer to NI 43-101 technical report as filed on SEDAR, Feb 10, 2016. All values denoted in US dollars. 16
  17. 17. TSX-V:PLU OTC US: PLUUF Processing Tank leach option work to be advanced Potential for better recoveries & shorter leach cycle • Mid-90’s in early tests vs. 88% in PEA Capex/opex vs. recoveries trade-off Pre-Concentration Potential economic improvement with size/screen sorting • >85% uranium contained in 50% of mass in fine fraction • Potential for less material handling and reduced processing throughput Scalability Phased expansion, smaller initial capex options to be reviewed • 2 to 6 Mlbs U3O8 annual production ranges considered previously • Review + engineering work in consideration Exploration 85% of exploration land package undrilled – untested targets for early follow-up Additional target generation Project Resilience High grade only option to be revisited in more detail Optimization work on current PEA mine plan Permitting clarity Peru team participating in ongoing discussions with Peruvian regulators around the legal framework for handling and exporting of radioactive material Ministry focused on permitting clarity in near-term Growth Near Mine Plan Resources • 2-3 existing deposits/zones outside of current PEA to be followed up on • >50 million lbs excluded from current PEA Tax Model Currently modeled as 3% NSR in PEA Royalties are negotiated and usually range between 1 and 3% of profits Support Presidential level support to implement permitting framework for Peru’s first uranium mine (see Reuters news August 10th, 2018) Local communities in support, Baseline Study accepted, commencing EIA Macusani Uranium Opportunities 17
  18. 18. TSX-V:PLU OTC US: PLUUF • Targeted drilling in and around existing defined deposits • Infill drilling in inferred deposits outside current PEA mine plan Macusani Uranium Project Growth Existing Deposits • +47 additional targets property wide Regional Targeting 18 • Tantamaco South East - targets in between Tantamaco and Quebrada Blanca deposits • Untested post-land consolidation of extensions to mineralized manto horizon Kihitian Complex
  19. 19. TSX-V:PLU OTC US: PLUUF Macusani Uranium Roadmap April 2018 February 2018 2019+ Ongoing EIA Work + Permitting Clarity Environmental Assessment work to continue advancing project Anticipating legal framework for uranium transport and export to be solidified Dec 18 + Optimization Work Scope and initiate work programs on tank leach, vat leach and pre- concentration for potential optimized development plan H2 2019 Exploration Follow up on extensions to known deposits, in between existing deposits and improved definition on deposits outside PEA mine plan H2 2019 Resource Update Based on exploration and data interpretation success, target a resource update in H2 2019 Q3 2019 Updated PEA + Feasibility Fastrack Targeting PEA Q3 2019 Advance to feasibility - ~18-24m 19
  20. 20. COMMUNITIES + ROADMAP
  21. 21. TSX-V:PLU OTC US: PLUUF Local Employment Employment of local community members from Isivilla, Tantamaco, Chacoconiza, Quelcaya, Chimboya, Pacaje and Corani Skill building roles include: • Drill road and platform preparation/construction • Camp personnel • Environmental monitoring • Prospecting, etc. Equipment Loans Loaning company owned road building equipment for local community use to improve community infrastructure Water Treatment Plant Assisted establishing water treatment plant Schools Sponsorship Sponsorship of educational programs in local schools Madre Leche Monthly contributions to community programs, ie. monthly madre leche (milk) program Medical Campaign Twice yearly campaign targeting the communities we are engaged with Festival Sponsorship Sponsorship of local and regional festivals and events celebrating the culture and communities in the Macusani plateau Community Engagement Human Capital Scaled for current and planned company activities 21
  22. 22. TSX-V:PLU OTC US: PLUUF Corporate Roadmap April 2018 February 2018 Dec 2018+ Optimization Work Tank leach, vat leach and pre- concentration work programs Follow up on extensions to known deposits, in between existing deposits and improved definition on deposits outside PEA mine plan August -> December 2018 Falchani Exploration Falchani West Growth Falchani East Extensions + In-fill Q1 2019 Resource Update With continued exploration success, anticipate resource update in advance Q3 2019 Updated PEA + Feasibility Fast Track Targeting PEA Q3 2019 Advance to feasibility - ~18-24m from PEA End of H1 2019 Falchani PEA Ongoing metallurgical work to end of January 2019 Lead engineer appointment December 2018 22
  23. 23. TSX-V:PLU OTC US: PLUUF Contact Information PLATEAUENERGYMETALS.COM PLATEAU ENERGY METALS INC. TSX-V: PLU OTC US: PLUUF FSE: QG1 141 Adelaide St. W., Suite 1200 Toronto, Ontario M5H 3L5 +1 (416) 628-9600 alex@plateauenergymetals.com @pluenergy Alex Holmes, CEO & Director PLATEAU ENERGY METALS INC. ENABLING THE NEW ENERGY PARADIGM 23
  24. 24. APPENDIX
  25. 25. TSX-V:PLU OTC US: PLUUF Permitting Environment in Peru • Builds on Exploration EIS – enhanced number of monitoring sites and frequency • Mine, processing infrastructure & tailings design details and Construction Plan • Includes a social relations plan/community agreement(s) • Certification of no archaeological remains in the area • Draft mine closure and remediation plan • Plateau’s Environmental Baseline Study plan has been submitted and accepted by the government regulators and local communities Environmental Impact Study (EIA) to Ministry of Energy & Mines Water rights from the National Water Authority Surface lands right agreements with surface owners Approval to construct and operate
  26. 26. TSX-V:PLU OTC US: PLUUF Falchani East – Section
  27. 27. TSX-V:PLU OTC US: PLUUF All Resources stated at 200 ppm U cutoff (1) Kihitian Complex includes the Chilcuno Chico, Quebrada Blanca, Tuturumani and Tantamaco deposits updated, May 6, 2015 (2) Isivilla Complex includes the Isivilla, Calvario Real, Puncopata and Calvario I deposits, updated May 6, 2015 (3) Corani Complex includes the Calvario II, Calvario III and Nueva Corani deposits, updated May 6, 2015 (4) Colibri II-III and Tupuramani remain unchanged, last updated August 14, 2013 (5) Corachapi remains unchanged, last updated September 8, 2010 Resources at 200 ppm cut- off Measured & Indicated Inferred Tonnes (Mt) Grade (ppm U3O8) Contained lbs (Mlbs U3O8) Tonnes (Mt) Grade (ppm U3O8) Contained lbs (Mlbs U3O8) Kihitian Complex(1) 16.23 Mt 505 ppm (1.11 lbs/t) 18.05 Mlbs 29.78 Mt 520 ppm (1.15 lbs/t) 34.1 Mlbs Isivilla Complex(2) 2.87 Mt 465 ppm (1.02 lbs/t) 2.94 Mlbs 7.21 Mt 500 ppm (1.10 lbs/t) 7.96 Mlbs Corani Complex(3) 0.42 Mt 342 ppm (0.75 lbs/t) 0.31 Mlbs 0.19 Mt 294 ppm (0.648 lbs/t) 0.12 Mlbs Colibri 2 & 3 / Tupuramani(4) 11.0 Mt 376 ppm (0.828 lbs/t) 9.12 Mlbs 3.29 Mt 363 ppm (0.8 lbs/t) 2.64 Mlbs Corachapi(5) 2.94 Mt 372 ppm (0.819 lbs/t) 2.41 Mlbs 1.14 Mt 443 ppm (0.98 lbs/t) 0.89 Mlbs Total 33.47 Mt 445 ppm (0.98 lbs/t) 32.8 Mlbs 41.62 Mt 501 ppm (1.10 lbs/t) 45.9 Mlbs Uranium Resources (200 ppm U)
  28. 28. TSX-V:PLU OTC US: PLUUF All Resources stated at 75 ppm U cutoff (1) Kihitian Complex includes the Chilcuno Chico, Quebrada Blanca, Tuturumani and Tantamaco deposits updated, May 6, 2015 (2) Isivilla Complex includes the Isivilla, Calvario Real, Puncopata and Calvario I deposits, updated May 6, 2015 (3) Corani Complex includes the Calvario II, Calvario III and Nueva Corani deposits, updated May 6, 2015 (4) Colibri II-III and Tupuramani remain unchanged, last updated August 14, 2013 (5) Corachapi remains unchanged, last updated September 8, 2010 Resources at 75 ppm cut- off Measured & Indicated Inferred Tonnes (Mt) Grade (ppm U3O8) Contained lbs (Mlbs U3O8) Tonnes (Mt) Grade (ppm U3O8) Contained lbs (Mlbs U3O8) Kihitian Complex(1) 47.7 Mt 261 ppm (0.575 lbs/t) 27.4 Mlbs 83.6 Mt 273 ppm (0.60 lbs/t) 50.3 Mlbs Isivilla Complex(2) 4.6 Mt 350 ppm (0.77 lbs/t) 3.5 Mlbs 16.1 Mt 293 ppm (0.645 lbs/t) 10.4 Mlbs Corani Complex(3) 3.4 Mt 166 ppm (.366 lbs/t) 1.3 Mlbs 6.1 Mt 131 ppm (0.288 lbs/t) 1.8 Mlbs Colibri 2 & 3 / Tupuramani(4) 27.9 Mt 240 ppm (0.529 lbs/t) 14.7 Mlbs 20.4 Mt 170 ppm (0.374 lbs/t) 7.7 Mlbs Corachapi(5) 11.6 Mt 195 ppm (0.43 lbs/t) 5.0 Mlbs 3.8 Mt 230 ppm (0.507 lbs/t) 1.91 Mlbs Total 95.2 Mt 248 ppm (0.546 lbs/t) 51.9 Mlbs 130.0 Mt 251 ppm (0.553 lbs/t) 72.1 Mlbs Uranium Resources (75 ppm U)
  29. 29. TSX-V:PLU OTC US: PLUUF Notes
  30. 30. TSX-V:PLU OTC US: PLUUF Notes
  31. 31. TSX-V:PLU OTC US: PLUUF
  32. 32. TSX-V:PLU OTC US: PLUUF

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