You can get information anywhere. Here, you get KNOWLEDGE. ------Special Report...Summer, 2015 Kivalliq Energy -- Massive Upside Exploration Potential with this Well-Funded, -Focused Company!

Your Editor (left) with Kivalliq's C.E.O. Jim Paterson at an investment conference

HIGHLIGHTS:

* Exciting upside in a uranium/nuclear energy industry already in a "stealth bull market"

* Kivalliq's team has considerable experience in monetizing exploration projects.

* At its Angilak Property, Kivalliq already has a resource of over 40 million pounds of uranium; and at the highest grade of any exploration project outside the ! About the Editor -- Chris Temple

First, I would like to thank you, on my behalf as well as on behalf of the management of Kivalliq Energy, for your interest in this Special Issue of The National Investor.

Before I explain for you my reasons for having Kivalliq as a recommended opportunity for my Members, I want to tell you a little about myself...what makes me "tick"...and what else you can expect from our web site and service.

By the time I was a mere 20 years old, I was establishing myself as a financial planner, having already started working with a local firm in my home town of Binghamton, New York. Among other things, I became licensed as a General Securities Principal of our firm's brokerage arm, supervising operational activities.

Already becoming successful as both a manager and financial advisor, I was nevertheless quite unprepared for some of the massive market shifts of the early 1980's. Yours truly, at a recent investor conference Successful strategies that had helped our clients reap huge rewards during the inflationary times of the late 1970's particularly were turned upside down as interest rates skyrocketed and many previously-hot assets CRASHED.

What STUNNED me was the fact that -- though we can look back now at that change in Federal Reserve policy under then-Chairman Paul Volcker as one of the most abrupt in the central bank's century in existence -- NOBODY saw fit to do anything but continue to sell the same investment products. As with virtually everyone in the financial industry, you see, I had been trained in selling financial products and generating commissions; not on truly understanding the economy and markets.

This experience first taught me that I needed to understand what I have since come to call "The Game" of our fractional reserve banking system and how it and related factors create often-foreseeable swings in markets and asset classes. And it is this knowledge, together with specific, actionable strategies and investment recommendations, that I make available to my Members on an ongoing basis. (NOTE: An archived version of my signature essay on all this, entitled Understanding the Game, can be accessed on my web site, at http://nationalinvestor.com/)

With this foundation, I am happy to tell you that The National Investor has become recognized as a leading source of credible, understandable information, commentary and investment strategies for individual investors. Often times, our performance has had us at the very top of the rankings put out by the well-known Hulbert Financial Digest, which has covered us since 2000.

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In addition to spending some time at The National Investor web site, you can follow me:

* On Twitter, at https://twitter.com/NatInvestor

* On Facebook at https://www.facebook.com/TheNationalInvestor

* On my You Tube channel, at https://www.youtube.com/channel/UCdGx9NPLTogMj4_4Ye_HLLA

The National Investor http://nationalinvestor.com 2 Kivalliq Energy, Inc.

Listed on the Toronto Venture Stock Exchange with the symbol KIV Listed in the U.S. via the OTC Market with the symbol KVLQF

Recent price -- C$0.10 per share ______OVERVIEW

I first met Kivalliq C.E.O. Jim Paterson at a boutique investment conference in early 2012. As always, I am on the lookout for investment themes and worthy companies for my Members; that's a big part of my job! And I was particularly interested in learning more about Kivalliq for a few reasons.

Already, the uranium and nuclear energy sectors had been selling off, following the March, 2011 Fukushima Daiichi nuclear power plant disaster in Japan. That nuclear plant had been slated for a shutdown not long after; but the damage done to it and the meltdown of three of the six reactors there following the earthquake and tsunami in the area changed all that. For a while, it seemed to bring into question whether the world would move away from nuclear energy down the road.

Of course, following the explosion and fire of B.P.'s Deepwater Horizon rig (left) in the Gulf of Mexico the year before Fukushima, nobody suggested the world stop using crude oil and gas for its ever-growing energy needs. And this was despite the widespread devastation which, among other things, wiped out marine life and essentially "killed" the ocean for many hundreds of square miles. But following the freak accident at Fukushima--and this involving an admittedly dated facility that was slated to be decommissioned--the old politics of nuclear energy opposition was resurrected. Japan started to shut down other reactors, taking them off line. Among other high profile announcements, German Chancellor Angela Merkel insisted her country was going to phase out nuclear power over the coming several years as well (though--worryingly for German industry--she hasn't come up with a plan as to how to replace that needed energy, especially when the European spat with Russia has hit natural gas supplies to Germany as well.)

My belief back at my recommendation of Kivalliq--and ever more now--was that we would eventually see this knee-jerk overreaction against nuclear energy run its course. And that appears to be the case; as I will be detailing further along as I discuss the overall fundamentals of the sector, what some have called a "stealth bull market" is already taking shape. But this hasn't occurred without, first, the beating for the nuclear/uranium sector becoming more severe than anyone expected.

The National Investor http://nationalinvestor.com 3 Adding to the funk--especially for companies like Kivalliq, which are listed on the Toronto Venture Exchange (as are a fair majority of small resource exploration companies in the world)--has been the fact that pretty much everything to do with natural resources has been in a nasty bear market for the last few years now.

The latest bear market for resources just crossed the 1,000-day mark according to the above chart from Palisade Capital; this exceeds in duration all the cyclical downturns going back to the start of the great secular bull market in commodities. This further comes amid a marked slowdown for the Chinese economy; noteworthy, given that China was almost single-handedly responsible for many years for all the incremental increase in global demand for all manner of raw materials.

Adding the final insult to the uranium sector's specific injuries over the last year now has been the plunge in the price of crude oil. While the fundamentals for uranium have been strengthening for a while now, the usual course of action among traders is to sell everything having to do with energy and even alternative energies when the price of crude is under pressure. This weakness has arguably kept in check what should have been a much healthier rebound in the uranium price than what we've seen thus far after plumbing a low below $30/pound back in 2014. To be sure, energy generally--and the uranium space as well--have become that proverbial tale of "blood in the streets." BUT THAT'S WHEN SAVVY INVESTORS LOOK TO BUY. And with much of the world now aggressively making multi-decade The National Investor http://nationalinvestor.com 4 plans to build out new nuclear power generating capacity or add to existing capacity, the opportunity has become stark indeed for investors to be taking positions in this beaten-up sector.

Where Kivalliq in particular is concerned (and I will be sharing with you a great many specifics on the company as we go along) I was intrigued that its "flagship asset" is in what is some of the only remaining "virgin" ground in : the Territory of Nunavut. More recently it has broadened out its property portfolio by adding large positions in the Northeast area of the prolific Athabasca Basin.

Most of all when judging a company like Kivalliq, however, it's CRITICAL that the management team has the sufficient strength and experience to weather storms like the latest one for resource companies. And as you'll read, this is quite the case with Kivalliq; and a company as well that has been able to 1. raise financing and 2. continue its exploration work despite the most challenging environment in quite some time.

Adding together these factors, together with the character of the company's assets, I have Kivalliq recommended as my only "Speculative BUY" among uranium explorers. Aside from this company, I also recently advised my Members to take a small, initial position in the Global X Uranium ETF (NYSE Arca- URA). Though it may take some time to develop, the evidence overwhelmingly suggests that this sector has a very bright future. A COMING SUPPLY SHORTAGE . . .

The National Investor http://nationalinvestor.com 5 To give you a pictorial overview of the global picture, I have included a chart at the bottom of the previous page from a recent Kivalliq presentation which details 1. the number of operating nuclear reactors in the world and 2. a breakdown of where present global uranium production comes from. This is, by and large, a picture of how it has chiefly been developed economies that have accounted for the overwhelming majority of nuclear power generation since its advent. The U.S. paces the globe with 100 operating reactors. Europe's number is comparable, with France leading the way (that nation, in fact, gets the majority of its mass power generation from nuclear energy.)

As a result of the Fukushima accident, Japan--which had been one of the big consumers of uranium as well--closed down 56 reactors. This interrupted a big chunk of uranium demand; some 15% of the global total. Naturally, this was a big part of the reason why the price for uranium plunged from its pre- Fukushima level of well over $70/pound, especially as that accident started leading to pressure on other countries to shut down their nuclear power generation. Further, some Japanese utilities in the recent past have actually been selling some of their uranium reserves rather than just sit on them. This has further pressured prices, and kept other utilities/end users from having to either purchase uranium on the open market or undertake new long-term contracts for supplies.

Now, though, the snail's pace process of Japan restarting its reactors seems to be picking up. As many uranium bulls have long insisted, the country would not be able to follow through on completely abandoning nuclear power generation. The country's energy minister has admitted that nuclear power generation will need to account for 20% + of Japan's energy mix by 2030. Its recent heavier reliance on coal and reopening oil-fired power plants has proved even more unpopular with environmentalists (Fossil fuel generation of power in Japan recently topped 90% of the nation's total, the first time it's been above 80% in 40 years.)

The country's relative isolation and its lack of its own fossil fuel resources renders oil and, especially natural gas, more expensive for Japan than for most other countries. This latest heavier reliance on coal and oil have helped the country's trade deficit balloon anew. On both commercial and public service bases, wind and solar power remain too expensive.

So in the end, Japan is being compelled to re-embrace nuclear power generation for all these same reasons it made sense for that nation in the first place!

A key milestone in the process of the country starting back up its reactors has just come about. On July 7, fuel loading began at the Kyushu Electric Power Co.’s Sendai 1 plant (in the photo at left, you see fuel rods being put in place in one reactor.) At present, it's reported that restart will commence in mid-August, with full power generation by September.

By the end of 2016, it's presently expected that half a dozen or so more Japanese reactors will be brought back on line, as the laborious process of safety reviews, legal measures and both national and local government approvals are met.

The National Investor http://nationalinvestor.com 6 Over the next two to three years, according to present projections, the majority of the rest of those that have been closed should be reopening.

But for long-term considerations--and underpinning what many, including Yours truly, insists is uranium's extremely bullish prognosis--it's the developing world that will be THE major driver. . . .BROUGHT ABOUT BY MASSIVE NEW DEMAND

As is the case with so many other natural resources--and overall demand for more of the necessities of life--it's increasingly the developing world that will be providing new demand over time. And this is starkly the case where nuclear energy is concerned!

To me, one of the most fascinating global energy stories right now is the extent to which developing countries are bypassing traditional fossil fuel sources/energy infrastructures as they build and are going directly to nuclear power (solar energy, too, is being embraced in some quarters.) They understand that coal, oil, Russian Pres. Putin and India's P.M. Narendra Modi after their deal etc. are dirtier, all of them seeing the HUGE task ahead of a country such as China in cleaning up pollution problems. With little in the way of mature public energy infrastructures to begin with, many a nation is realizing that the way to go is not to duplicate the systems and more pervasive, long-term pollution problems of the West (primarily) but to go straight to cleaner sources of power generation.

In case you have not followed the numerous such announcements of many months' time now, Russia--the nation with the most advanced nuclear power generation technology on the planet--has been signing major long-term deals left and right to help nations with their nuclear power programs. The nation, usually through its big national nuclear energy company Rosatom, has signed multi-decade deals with India, China, Turkey, Bangladesh, Saudi Arabia and many other nations (you can learn more about Rosatom, together with the amazing advances in power generation and reactor technology, at http://www.rosatom.ru/en/nuclear_industry/russian_nuclear_industry/) As I am writing this, it's rumored that Russia will come out the big winner again in what is now a multi-nation contest to secure similar contracts with South Africa.

Of course, all these future reactors will need uranium to feed them. This realization has helped to firm up the spot price of the fuel, and make at least a few parties realize that the recent window of low prices will be closing. Among other recent deals, Indian Prime Minister Narendra Modi, on an April trip to Canada, signed a $350 million uranium supply deal with that country's big producer, . China is also aggressively jockeying to see where it can tie up future supplies, as that nation becomes more aggressive as well in laying the foundation for a big nuclear power build-out. The National Investor http://nationalinvestor.com 7 Indeed, China will likely prove to be as big an incremental driver in future uranium demand as it was in demand for iron ore, oil, coal, copper and more in its massive infrastructure spending boom of the last dozen or so years. And foreign investors smell the opportunity, even if U.S. and some other developed market investors continue to yawn.

It was breathtaking to read of the demand recently for the I.P.O. of China National Nuclear Power Company, that country's second largest atomic power operator. As Ye Xie and Bonnie Cao of Bloomberg Business reported in a June 4 article, the company was able to lock up an astonishing 1.69 trillion yuan ($273 billion) in bids for its I.P.O., according to a company statement posted on the Shanghai Stock Exchange’s website. China Nuclear was seeking to raise only about $2.2 billion.

Aside from India's expansion, China will be the country long-term that builds the most nuclear power generation capacity as it seeks to get away from the oil and coal-fired plants that have wrecked the country's environmental quality. And part of the multi-decade plan for the country is that it will be building its own mining industry up to focus more on uranium. However, the country acknowledges that only about a third of its needs will be met domestically. It will have to go to the spot market, or otherwise enter into long-term contracts, with uranium suppliers for another third.

And most intriguing is that China will reportedly get the remaining one-third of its uranium needs by buying companies/consortiums that produce it. (For more on this growth ahead, see http://www.world-nuclear.org/info/Country-Profiles/Countries-A-F/China--Nuclear-Fuel-Cycle/)

Most analysts-- despite the numerous deals being crafted to increase nuclear power generation for decades to come--remain focused on (arguably, obsessed over) what remains the present-day weakness. It's fairly widely believed that it could be as long as the 2018-2020 time frame before the current excess capacity globally of fuel- grade uranium is absorbed and the market is undersupplied. And this continuing funk (after a brief run up to the low $40's several months back, the uranium price has settled back into the mid-$30's of late) doesn't exactly have a lot of utilities lining up to tie up long-term supplies, as they understandably wonder whether they might still do better in the spot market.

However, there have been a couple recent wake-up calls (to those paying attention, anyway) that suggest that low-price window may indeed be closing. A couple different "hits" to the supply picture have emerged in recent months, due to mine closures both unplanned (due to accidents and engineering issues) and planned. Most recently in that latter category, global mining giant--and one of just a handful of global uranium producers--Rio Tinto just announced that it was mothballing a big Australian mine,

The National Investor http://nationalinvestor.com 8 the Ranger 3 Deeps. This one mine reportedly would have added 6% single-handedly to global uranium supplies.

Also being discussed as a factor that could crimp supplies of uranium is the likelihood that the world's biggest producer--Kazakhstan--will be unable to maintain its rapid production growth of recent years. Reportedly, the current low price environment for uranium is making it difficult for the country to boost production much further after a big spurt in the 2009-2011 time frame particularly set them up as the globe's largest uranium producer. So it presently looks as though production will stagnate at its recent level of about 22,000 metric tons/year.

Where both mothballed production and some potential near-term producers of uranium alike are concerned, it's believed that only when the price of uranium gets back up to the mid-$50's per pound reliably will production become attractive. My own view is that we won't have to wait until anywhere near 2020 for this. By next year, some major utilities will need to start negotiating new long-term contracts. For the first time in a while, we'll be rolling back to a seller's market. And particularly if my warnings of the recent past in The National Investor prove correct and we see a sharp rebound in other energy prices in the next year or two, all of this will combine to push uranium prices--and likely the shares of uranium producers and explorers--back up.

KIVALLIQENERGY--ONECOMPANYWHEREYOU CAN"BUYRIGHTANDSITTIGHT!"

As long-time readers of The National Investor and followers of our work know, Yours truly first focuses on the "macro" picture in the markets in crafting a "vision" for what our portfolio management should be. Further I look for themes and sectors; particularly, ones that transcend broader market issues.

Having become more convinced than ever that the uranium space is going to be a HUGE long-term winner, I then look specific opportunities in which to invest. And where individual exploration companies are concerned, I have been convinced of the merits of Kivalliq Energy for some time now.

The first attraction here for North American

The National Investor http://nationalinvestor.com 9 investors particularly is that Kivalliq's properties are all located in Canada. It is always an advantage, of course, where any resource is concerned to have it located in a "first world" country such as Canada. And this is particularly true where uranium is concerned, where the lion's share of global production now comes from countries that are not the friendliest to the West (in addition to Kazakhstan, we have Niger, Uzbekistan, Russia and China as major producers.)

Though--as I alluded to earlier--assets such as those owned by Kivalliq could one day be the target of a Chinese acquisition, another scenario is apt to consider as well. And that is, any future deterioration in relations between the U.S. and a growing China/Russia axis could jeopardize American supplies of uranium. Most of the U.S.' need to feed its 100 some-odd reactors comes from imports.

With Kivalliq Energy, I have found some of the most incredible upside exploration potential of any "junior" in North America. But before I get to some specifics on its properties and present uranium resource, I want first to spend just a moment on a consideration even more important--especially in the weak resource environment of the last few years--than how good its properties are. And that is the company's management, together with its ability to raise money and move projects forward even in bad times. KIVALLIQ'S TEAM: ALREADY A PROVEN TRACK RECORD OF PROFITABLE RESOURCE DEVELOPMENT!

Standing are C.E.O. Jim Paterson (left) and Director Dale Wallster (right). Seated in front are Director Jim Malone (left) and the Board's Chairman John Robins(right)

Those of you who follow resource exploration more closely than the average investor know that management can make or break a company; even one with good and viable assets. And one of the interesting aspects of the uranium sector is that--unlike the case with oil, gas, copper and other metals-- the number of active players and management teams is fairly small in comparison. There are but a handful of major producers of uranium in the world. And in contrast to the seemingly endless number of junior explorers elsewhere there are relatively few where uranium is concerned. The National Investor http://nationalinvestor.com 10 Thus, it is easier to keep up with who's who; and to know who has been successful in the past in this less-populated sector. And in Kivalliq's case, its team can boast of numerous past successes in shepherding uranium (and other) properties forward in recent years.

In the case of C.E.O. Jim Paterson, his bona fides as a company-builder did not start with Kivalliq, though he has done a masterful job at its helm. Several years back, he owned the very first share of stock in coal developer Corsa Capital, Ltd., which went public in 2008 and, by 2010, was a $250 million market cap. coal producer in Appalachia. The Corsa team was able during the process to raise some $70 million in financing and, in the end, served Corsa's initial shareholders well!

Also outside the uranium space, Board Chairman John Robins notably started the predecessor of a diamond exploration company known to many: Stornoway Diamonds. It owns the much-acclaimed Renard deposit in the Province of Quebec; one which, within the next year, is slated to become Canada's next major diamond mine, and Quebec's first. While all of Kivalliq's team has vast and successful experience in furthering the causes of junior explorers generally (I encourage you to read more of the details of their resumes at http://kivalliqenergy.com/company/team/ ) Dale Wallster and Jim Malone bring the major uranium experience to Kivalliq. Among other things, both were instrumental in building the former Athabasca Basin explorer Hathor Exploration. One of the most highly-regarded prospectors and geologists in Canada, Wallster particularly is widely credited for the discovery of Hathor's Roughrider deposit. Hathor shareholders were rewarded by the exploration success of Wallster and his team: in 2012, global mining giant Rio Tinto paid $650 million for the company.

Malone's stature as the Board Chairman of Hathor when it was acquired adds now to the strength of Kivalliq's board. His resume which you can read at the above link covers the entire uranium food chain: from exploration, to fuel procurement, to even the disposition of waste material!

While the additions a while back of Messrs. Wallster and Malone has given Kivalliq a BIG boost in its property portfolio via the acquisition of some new prospective areas of the Athabasca Basin, it is more likely that the near-term company maker for Kivalliq will be its core, flagship holding to the northeast, in the Territory of Nunavut. THE FLAGSHIP ANGILAK PROPERTY AND ITS INTRUIGING DISTRICT- SCALE POTENTIAL

At left: A delegation of Inuit community leaders, with some Kivalliq personnel, at a past visit to Angilak

Kivalliq was the first Canadian company to sign a comprehensive agreement with the Inuit peoples of Nunavut to explore for uranium on Inuit Owned Lands. This groundbreaking agreement has brought to Kivalliq a 100% interest in the Angilak property. As you can read on the company's web

The National Investor http://nationalinvestor.com 11 site in further detail, Kivalliq has nicely crafted a great relationship with the Inuit people, whose support for the exploration and development of this and other resources in their territory is strong.

Kivalliq is working with its local partner Nunavut Tunngavik , Inc. ("NTI") to advance the Angilak Property. The company has agreements in place that will reward the local people down the road if it is successful in moving Angilak toward either a development/production decision or a different "monetization" of the asset, if via an acquisition by another. In the mean time, Kivalliq sees to it that the Inuit are well engaged in the whole cause/process, keeping the site open to regular visits from Inuit leaders, working with Inuit suppliers and more.

Kivalliq's 275,000 acre-plus Angilak Property hosts numerous high priority zones including the promising high-grade Lac 50 Trend uranium deposit, which lies in the northeastern part of the company's overall land package. Since acquiring Angilak in 2008, the Company has invested C$55 million (through 2014) conducting systematic exploration, including: ground and airborne geophysics, geological mapping; prospecting, and over 89,500 meters of diamond and reverse circulation ("RC") drilling.

To date, this has led to an established resource for the company of over 43 million pounds of uranium. Furthermore, the grade of this resource-- from the Lac 50 trend area--is the highest grade of any presently-known resource (of over 10 million pounds) outside of the Athabasca Basin.

With the uranium and broader resource markets of the recent past, the company's efforts to grow this resource have been on somewhat of a hiatus. But that does not mean Kivalliq has been sitting still. During these recent times of scarce resources and the company not wanting to dilute shareholders unduly to raise much money in a weak market, over the last year or so it has focused on "de-risking" this Lac 50 resource, via metallurgical and other scientific work. This has served to raise the confidence in the economics of the deposit, showing that the material in which the uranium is contained can be successfully extracted and milled to recover sufficient quantities.

Beyond this, Kivalliq has been methodically setting the stage for what could be in the 2015-2016 time frame the next BIG leap in the mineralization at Angilak; perhaps to the point of revealing a potential large-scale district there!

They say a picture is worth 1,000 words. I'll take much less than that to explain the below one to you, and why I (and savvy investors) are so excited about what Kivalliq has just

The National Investor http://nationalinvestor.com 12 commenced in its Summer, 2015 program.

The above graphic from the company shows, side by side, readings from both the Lac 50 trend, containing the present resource of 43.3 million pounds of uranium (bottom) and the discovery last year during field work of a potential new and richer Dipole Trend, toward the western boundary at Angilak and about 25 kilometers away from the Lac 50 trend area.

Management has been excited for a while following surface work and other exploration at Dipole. Most intriguing has been the fact that--as the above graphics show via the red dots on these trends which, in layman's terms, reveal how potentially "hot" they might be--surface readings suggest that Dipole may be even higher grade than the Lac 50 resource.

At Dipole (and another nearby deposit to it dubbed the "Rib"), the company's geological team has found the same metallic "suite" of mineralization as at Lac 50: chiefly uranium, but augmented by silver, molybdenum and copper. But the "geochemical signature" at Dipole suggests 1. A broader/wider area of mineralization than Lac 50 and 2. One that may be considerably richer.

The idea that the company could have an even larger resource at Dipole--to go along with the existing resource at the Lac 50 trend--will serve, if realized, to dramatically raise awareness of the company and this project. Management (and some of the rest of us) has long been of the belief that there is district-scale potential where the overall Angilak project is concerned. If Kivalliq can identify a second--and maybe subsequent--major resource there, it won't be able to be ignored by the market. Among other things this would open up the possibility of Angilak being an anchor, with two significant resources, of a new uranium district. That would arguably put Kivalliq in the sights of a Cameco, an Areva. . .or a China.

(At right: Kivalliq geologist Emily McNie during field work at the Dipole target in 2014.)

On July 9, Kivalliq announced that its Summer drilling program at the Dipole and nearby Rib targets had commenced. The company will spend approximately C$1.5 million to drill several target areas, in the hopes of confirming the surface work it's already done, and on the way to the possibility of being able to solidify a second major resource on its overall Angilak Property.

The National Investor http://nationalinvestor.com 13 If drilling confirms what the earlier work seems to point to, a myriad of possibilities opens up to Kivalliq to allow it to move forward as it seeks to shepherd its various assets to some form of monetization. Among other things, it could joint venture one of the resources at Angilak with a larger producer; this would give it the benefit of a more rapid progression with part of the property, while not selling the entirety of a promising district. Perhaps the market will snap back sooner and stronger than presently appears likely; this would quite likely cause Kivalliq's beleaguered share price to recover smartly, and give it more ability to raise financing, etc. to move things along.

No matter how you cut it, this drilling ahead--and the assay results from it that will come down the road--have great potential to put Kivalliq (whose shares are worth a mere 20% or so of their 2011 level, even as the resource has grown) back in front of investors. And it also needs to be mentioned here that much more of a resource base beyond the present 43 million pounds will arguably begin to identify the company--certainly, the Angilak Property--as sufficiently large to attract a bigger player on that basis. (Already, 's Cameco and French uranium giant Areva have nascent projects well to the north of Angilak. And did I mention China?. . .)

Though not a likely near-term news or other factor for the company, Kivalliq also owns the Baker Basin Property farther to the North of Angilak; an area acquired in late 2013 that is nearly as large (230,000 or so acres) as Angilak. More details on it specifically are on Kivalliq's web site at http://kivalliqenergy.com/uranium/baker_basin/. SASKATCHEWAN ASSETS BROADEN KIVALLIQ'S PORTFOLIO...AND OPPORTUNITIES

Since Yours truly first became familiar with Kivalliq--solely on the attractiveness of Angilak--the company has begun to build a broader portfolio of assets, beyond Angilak and Baker Basin. With the benefit of both the industry and financial connections brought to Kivalliq with Dale Wallster and Jim Malone particularly, the company has more recently been building a property package in Saskatchewan, along the northeastern- trending "outskirts" of the huge Athabasca Basin.

In early 2014, Kivalliq staff staked out an area of nearly half a million acres , some 2,000 square kilometers, on the northeast extension of the Athabasca pretty much up to the Manitoba border. This Genesis Property straddles the Wollaston- Mudjatik transition zone;

The National Investor http://nationalinvestor.com 14 and generally speaking, is believed to host much the same type of mineralization that has provided the basis for the many projects and active mines to the Southwest.

In May 2014, Kivalliq signed a Letter of Intent governing Genesis with the company now named Roughrider Exploration Limited. The agreement granted Roughrider an option to acquire an 85% interest in the Genesis Property in exchange for 20% of the issued and outstanding shares of Roughrider on a post-transaction/post-financing basis; $1 million in cash payments to Kivalliq; and $5 million in exploration expenditures over four years. If all goes well, upon acquisition of an 85% interest in Genesis by Roughrider if all the terms are met, Kivalliq’s remaining 15% interest in Genesis will be carried through to the completion of a bankable feasibility study and a recommendation from Roughrider’s board to proceed to commercial production. The company announced a few weeks back that surface and geochemical exploration work at Genesis was furthering the cause of identifying prospective drill targets there.

Finally, Kivalliq is also embarking on a summer mapping/surface and related program at its newest property: the Hatchet Lake Property located to the west of Genesis. The company acquired Hatchet Lake from Rio Tinto in February, and is in the midst of a Summer program there which will, as with Genesis, seek to define future drill targets. Said C.E.O. Paterson when announcing the deal with Rio Tinto, "The Hatchet Lake project fits well with Kivalliq’s strategy to add high quality uranium exploration projects to our portfolio at low acquisition costs. The project has compelling targets based on comprehensive early stage exploration work by Hathor and Rio Tinto, with estimated expenditures exceeding $750,000 since 2007. The project’s proximity to one of the world’s premier uranium mining and milling districts and possible synergies with exploration planned for the Genesis Property combine to make Hatchet Lake an excellent addition to Kivalliq’s portfolio. (Emphasis added.) SOME FINAL THOUGHTS AND OBSERVATIONS

Many years ago I had the pleasure of meeting Canadian mining/investing giant Frank Giustra. More recently, he's been known as the founder of Lionsgate Entertainment, as well as a high profile philanthropist who, among others, has worked closely with former President Bill Clinton's foundation (and not without some controversy!)

But the bulk of Giustra's fortune came from being in several of the right places at the right time, financing some great little

The National Investor http://nationalinvestor.com 15 companies at the start of the big resource bull market some 15 years ago. My Members benefitted from many of those companies.

One of Frank's most noted sayings (he's been looking harder once more at beaten-down resource companies) is that one needs to identify trends. . .sector "stories" . . .and then the companies that look the best in them. And once you identify such companies, "Buy right...and sit tight."

All the bearish factors that have conspired to butcher the uranium sector have opened great opportunities. Few of them are more attractive than Kivalliq, in my estimation. As you see in the charts both above and below, the company is selling for a pittance. Its share price of late has been about 20% of its high of a few years back. When you measure its market capitalization as compared to its NI 43-101 resource at Angilak, Kivalliq's valuation is a mere 8% of what it was previously!

And all this is while--since Fukushima--the resource at Angilak has TRIPLED!

As I have described earlier and as the company has otherwise reported, its exploration budget is rebounding this year after the down trend of the last couple years. Having successfully raised over C$2.5 million back in the Spring, all the company's exploration plans for the year are fully funded. Further, especially with the drilling at Dipole, the prospect is greater with this year's work than it's been since 2012 that the company may be in a position afterward to report further substantial increases to its known uranium resource.

The National Investor http://nationalinvestor.com 16 In short, we have a sector--uranium--where all signs point to the end of the recent market oversupply. . . imminent equilibrium. . .and the emergence of a supply deficit in the near term. And anchored by Russia, China, India and others, it's a sector and power generation industry on which these and others are making BIG investments that are looking decades into the future.

And within this sector we have a company like Kivalliq Energy which already has a large, high grade resource. And that resource could sooner rather than later increase substantially, putting the company more in the sites of potential acquirers/partners--and/or big end-user customers like India and China--alike.

To help round out your own study/home work on Kivalliq Energy I would encourage you to listen to the following:

* A two-part interview Yours truly did with C.E.O. Jim Paterson when I recently guest-hosted the Korelin Economics Report. We spoke of the nascent uranium "stealth bull market" generally and Kivalliq's assets and plans specifically; you can find the two-segment interview archived at http://www.kereport.com/2015/04/04/building-economic-lifeboat/.

* Another April interview of Paterson on Palisade Radio; that can be found at http://palisaderadio.com/jim-paterson-uranium-is-ready-to-go-nuclear-as-japan-restarts-reactors/

Finally, to keep up with Kivalliq otherwise, visit them at http://www.kivalliqenergy.com/.

______Flash -- Breaking News!!

Above, I told you of the Summer drilling program that was commencing on the Dipole Target. On July 30, Kivalliq's management announced that all nine holes drilled had indeed intercepted anomalous radioactivity.

While more drilling and other exploration work will be undertaken down the road to further define what could well be a massive, second new resource at Angilak, this initial drilling news surely suggests this is the future! As Kivalliq's President Jeff Ward said in announcing the drilling news, "Discovering this new and significantly radioactive zone at Dipole confirms that Lac 50-type mineralization exists in multiple trends on the Angilak Property and supports our belief we have an important uranium district in Nunavut."

I'll be further updating my Members in the regular issues of The National Investor on this and subsequent news. For now, if you'd like to dive into the details, you can read the company's complete press release at http://kivalliqenergy.com/news/2015/index.php?&content_id=313

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The National Investor http://nationalinvestor.com 17 HOW TO PURCHASE SHARES OF KIVALLIQ ENERGY IF YOU ARE A U.S. INVESTOR USING A U.S.-BASED BROKERAGE ACCOUNT

For those of you who are not already used to buying shares of companies such as Kivalliq that are listed primarily in Canada, I want to give you a quick and easy "tutorial." It's MUCH easier than you think, if you have never done so, to buy such companies in any U.S. brokerage account. Indeed, as I have explained in one of my recent investor tutorials, it's just as easy and inexpensive to buy shares in a Kivalliq Energy as it is to buy Apple!

Many larger Canadian and other foreign companies have primary listings on more than one major exchange. For those listed on the New York Stock Exchange or the Nasdaq as well as Toronto, you need only buy/sell using the U.S. market. Generally, there would be no reason to check prices and such on the Toronto Exchange first.

More often than not, smaller companies--for both cost and logistical reasons--do not list their shares on a major U.S. exchange. But they are still tradable in the U.S. via the Nasdaq's OTC Market. All you need to know is the company's symbol; unlike most U.S.-listed companies, it will always be a five-letter symbol ending with an "F."

In Kivalliq's case, its ticker symbol in the U.S. is KVLQF, while on Toronto it is KIV.

The main consideration in buying shares of Canadian stocks via the OTC market is that sometimes--if you look at the OTC quote first--you are not getting as fresh and accurate a price as you would if you went to the Toronto Exchange. You simply need to insure, via a simple process, that you are neither overpaying for a stock when you buy it, nor getting less than you should when you sell. That is easy to accomplish.

The most reliable and current quotes for shares of companies such as Kivalliq are to be found first on Toronto’s exchange, be it the TSE or the Venture Exchange. Prices and volume activity are updated all through the trading day on the Toronto Exchange, just as they are on the N.Y.S.E. or Nasdaq, and are generally fresh/instantaneous.

I will use the following example to show the simple process that will normally take you LESS THAN TWO MINUTES to enter a trade to buy Kivalliq Energy's stock via the OTC market in the U.S:

1. First check the Canadian quote for Kivalliq, via its ticker symbol in Toronto, KIV. You'll find this at the Toronto Exchange's web site, at www.tmx.com. Plug in "KIV." We'll say for purposes of this lesson that the current asked price for Kivalliq's shares is C$0.10, or 10 cents per share in Canadian currency.

2. Next determine what that price is in U.S. currency. If you don't follow exchange rates on a daily basis, you can get a fresh picture by going to Kitco's web site, at www.kitco.com (or your own favorite one that lists currency differentials; there are many.) Near the bottom of Kitco's front page, you will find a table of various currency exchange rates. At this writing the Canadian dollar, rounded off, is worth 78 cents in U.S. currency.

3. Do the math as to what Kivalliq's U.S. asked (selling) price should be:

C 10 cents per share X .78 = US 7.8 cents per share.

The National Investor http://nationalinvestor.com 18 4. Finally, enter a LIMIT ORDER to buy the number of shares of Kivalliq you want in your U.S. brokerage account at or very near that price. I would first start with that 7.8 cents per share (these days, most online brokers will allow you to use tenths of a cent in pricing.) If the order doesn't fill right away, bump it up by a tenth of a cent once or twice until it does. You would use Kivalliq's 5-letter symbol, which is KVLQF.

It's that simple! And, of course, you would do much the same thing when it was time to sell some of your holdings. But in the case of a sale, you would focus on the bid price listed on the Toronto Exchange's site for the company in question.

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The National Investor is published and is e-mailed to subscribers from [email protected] . The Editor/Publisher, Christopher L. Temple may be personally addressed at this address, or at our physical address, which is -- National Investor Publishing, 34779 N. Lake Shore Dr.., Lake Villa, IL 60046. The Internet web site can be accessed at www.nationalinvestor.com . Subscription Rates: $195 for 1 year, $375 for two years for “full service” membership (twice-monthly newsletter, Special Reports and between-issues e-mail alerts and commentaries.) Trial Rate: $59 for a one-time, 3-month full-service trial. Current sample may be obtained upon request. The information contained herein is conscientiously compiled and is correct and accurate to the best of the Editor’s knowledge. Commentary, opinion, suggestions and recommendations are of a general nature that are collectively deemed to be of potential interest and value to readers/investors. Opinions that are expressed herein are subject to change without notice, though our best efforts will be made to convey such changed opinions to then-current paid subscribers. We take due care to properly represent and to transcribe accurately any quotes, attributions or comments of others. No opinions or recommendations can be guaranteed. The Editor may have positions in some securities discussed. Subscribers are encouraged to investigate any situation or recommendation further before investing. The Editor receives no undisclosed kickbacks, fees, commissions, gratuities, honoraria or other emoluments from any companies, brokers or vendors discussed herein in exchange for his recommendation of them. All rights reserved. Copying or redistributing this proprietary information by any means without prior written permission is prohibited. No Offers being made to sell securities: within the above context, we, in part, make suggestions to readers/investors regarding markets, sectors, stocks and other financial investments. These are to be deemed informational in purpose. None of the content of this newsletter is to be considered as an offer to sell or a solicitation of an offer to buy any security. Readers/investors should be aware that the securities, investments and/or strategies mentioned herein, if any, contain varying degrees of risk for loss of principal. Investors are devised to seek the counsel of a competent financial adviser or other professional for utilizing these or any other investment strategies or purchasing or selling any securities mentioned. Notice regarding forward-looking statements: certain statements and commentary in this publication may constitute "forward- looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 or other applicable laws in the U.S. or Canada. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of a particular company or industry to be materially different from what may be suggested herein. We caution readers/investors that any forward-looking statements made herein are not guarantees of any future performance, and that actual results may differ materially from those in forward-looking statements made herein. Copyright issues or unintentional/inadvertent infringement: In compiling information for this publication the Editor regularly uses, quotes or mentions research, graphics content or other material of others, whether supplied directly or indirectly. Additionally he makes use of the vast amount of such information available on the Internet or in the public domain. Proper care is exercised to not improperly use information protected by copyright, to use information without prior permission, to use information or work intended for a specific audience or to use others' information or work of a proprietary nature that was not intended to be already publicly disseminated. If you believe that your work has been used or copied in such a manner as to represent a copyright infringement, please notify the Editor at the contact information above so that the situation can be promptly addressed and resolved. ADDTIONAL INFORMATION/DISCLOSURE CONCERNING THIS SPECIAL REPORT: Kivalliq Energy was previously, prior to the preparation of this report, a recommended stock by the Editor in The National Investor. Neither this publication nor its Editor/Publisher, Chris Temple, has thus been paid to make this recommendation; one that has previously been issued to the paid Members/Subscribers of The National Investor. Kivalliq Energy, in anticipation of an opportunity to gain greater market awareness, has decided to co-finance The National Investor in a marketing campaign wherein this publication will make this specific report and others on market trends, investment strategy and others available via various means to individual investors. Kivalliq Energy has made a one-time payment to National Investor Publishing of C$2,500.00 for the preparation of this expanded, updated special report on the company, additional exposure on The National Investor web site in a publicly-accessible "Featured Opportunities" page, pro-active distribution of the report to investors and for the procurement of and placement in on-line media, web portals and similar sites. The Editor has no position personally in the shares of Kivalliq Energy, and will not be taking any during the course of the contractual relationship governing this campaign.

The National Investor http://nationalinvestor.com 19