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2Z Lake Project Athabasca Basin, Saskatchewan

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2Z Lake Project Athabasca Basin, Saskatchewan TSX-V: ISO OTCQX: ISENF IsoEnergy.ca 2Z Lake Project Athabasca Basin, Saskatchewan Whitewater East N Whitewater Fond du Lac ATHABASCA Alberta BASIN Manitoba Fond Du Lac Uranium Deposit Stony Rapids Saskatchewan Saskatoon Regina Black Lake Directors Edge Collins Bay Leigh Curyer, Chairman Larocque East Extension Hurricane Zone Horizon Craig Parry, President and CEO Christopher McFadden Larocque West Richard Patricio Full Moon Trevor Thiele Hawk Geiger Radio Eagle Roughrider Eagle Pt. Management Midwest Lake McClean ATHABASCA BASIN Lake Collins Bay McClean Sue Trend Craig Parry, President and CEO North Thorburn Rabbit Lake Natona Bay Madison Steve Blower, VP Exploration Thorburn Lake Sand Clover Cigar Lake Lake Janine Richardson, CFO Thorburn Tower Trident Keith Bodnarchuk, Corp Dev Manager Carlson Creek West Bear 2Z Lake Andy Carmichael, Senior Geologist Paul Bay 905 Cable Justin Rodko, Project Geologist McArthur River Ranger East Rim Contact Gryphon Milennium IsoEnergy mineral tenure Keith Bodnarchuk, Corp Dev Manager Spruce Phoenix Active or depleted uranium mine Discovery or mineral deposit [email protected] Gemini Evergreen Uranium mill T +1 778 867 2631 Town Key Lake Roads Mine and Mill 40 km IsoEnergy Ltd. The 2Z project is located 30 kilometers southeast of Cigar Lake mine and 11 kilometers 970 – 1055 West Hastings St. southeast of Sand Lake uranium deposit. The project consists of four mineral claims to- Vancouver, BC, Canada V6E 2E9 taling 354 hectares. The vertical depth to the unconformity is 60 to 100 meters. The Wolf +1 778 379 3211 grid conductive trend extends onto the eastern part of 2Z. [email protected] Madison Historical Work N 1970s: Noranda Exploration, SMDC, and Sand Lake Uranium Deposit CEGB Drill hole HBW-10 • Surficial mapping, lake sediment geochem- 0.028% U3O8 over 0.9 m in ZZ-5-79 ical survey, a combination of EM and radio- 0.094% U3O8 over 0.3 m in ZZ-2-79 metric surveys followed up with diamond 0.61% U O Drill hole W O-88 3 8 drilling in ZZ-10-79 Trident Drill holes WO-25, -27, -28, -31, and -43 • Six historical drill holes intersected mineral- 2Z Lake ization at the unconformity with the highest grade being in ZZ-10-79, which intersected 0.059% U3O8 over 0.9 m in ZZ-1-79 0.6% U3O8 0.035% U3O8 over 0.5 m 0.066% U3O8 over 0.5 m in ZZ-14-79 in ZZ-12-79 1980s: Eldorado Resources 0.38% U3O8 in 3 m • Horizontal Loop EM and diamond drilling till sample ATHABASCA • Drill hole Two-Z-1 BASIN 1990s: Cameco and Uranerz Exploration Roughrider Midwest Lake McClean Eagle Pt. Lake Collins Bay McClean Sue Trend Natona Bay Rabbit Lake Sand • Horizontal Loop EM survey Lake Cigar Lake IsoEnergy new mineral tenure 2Z Lake Ranger West Bear Uranium occurrence Paul Bay Historical drill hole McArthur River Magnetic 1VD Underlay Conductors (simplified) Gryphon Edge of Athabasca Basin Phoenix 5 km Potential • The unconformity mineralization has been well tested in the immediate area but the fact that the trend is fertile increases the likelihood of mineralization occurring elsewhere on the trend • Only one hole on the property was drilled more than 15 metres into the crystalline basement, suggesting that none of the area has been properly tested for basement mineralization. The mineralization in ZZ-10-79 could be the unconformity manifestation of basement hosted ura- nium at depth • The shallow depth to the unconformity reduces exploration costs and increases the options available for mining should a deposit be found Next Steps • Given the lack of surficial geochemical data and relatively shallow sandstone cover, a soil sam- pling program could flag overlooked areas along the magnetic low corridor • Reinterpret historical drilling to determine the best area to test for down-dip extensions of the known mineralization 2Z Lake Claim Summary Claim Hectares Effective Date Annual Expiry Date Assessment S-110251 52 Nov. 24, 2008 $1,300 Dec. 24, 2023 S-110253 174 Nov. 24, 2008 $4,350 Dec. 24, 2022 S-110254 41 Nov. 5, 2008 $1,025 Dec. 24, 2023 S-110255 87 Nov. 24, 2008 $2,175 Dec. 24, 2022 Total 354 $8,850 (2% NSR & 2% GORR on claims).
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