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Fission 3.0 Corp. August 2021 Disclaimer

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Fission 3.0 Corp. August 2021 Disclaimer Fission 3.0 Corp. August 2021 Disclaimer The following information may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Any historical resource estimates were completed prior to the implementation of NI 43-101 and the Company has not done the work necessary to verify the classification of the resource or reserve, they should not be relied upon or considered a defined resource according to NI 43-101; Except for those properties where NI 43-101 have been completed. The technical information in this corporate presentation has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43- 101 and reviewed on behalf of the company by Raymond Ashley, P.Geo. Chief Geologist for Fission 3.0 Corp., a qualified person. TSX-V : FUU OTCQB : FISOF | www.fission3corp.com | @fission3corp 2 TSX-V: FUU | www.fission3corp.com | @fission3corp Nuclear Needs to Double by 2050 to Achieve Paris Accord o 1.5 C goal Source: UxC 21 in 21 Webinar Reactor Current Reactors Under Planned Proposed Builds at 443 Operation +54 Construction +100 +325 25 year high RUSSIA: 46 CHINA: 223 EUROPE: 7 USA: 23 E. ASIA: 17 (numbers indicate reactors Source: WNA under construction, INDIA: 48 planned & proposed) More reactors operating in 2018 More Japanese reactors coming online Middle East (home of Big Oil) aggressively than in any other time in history due to strong regulator support securing nuclear energy supply TSX-V : FUU OTCQB : FISOF | www.fission3corp.com | @fission3corp 3 Pressure is Growing for Utilities to Return to Contracting • Current Long Term Contracts from Utilities is estimated to be 50million lbs. while current demand is 185m lbs. Uncovered demand is projected by UxC to increase significantly over the next 10 years. Producers such as Cameco and Kazatomprom are unwilling to enter into Long Term Contract’s at current prices, thus applying upward pressure to the current spot inventories. • The current spot price of $32.50 is still well below the average all-in cost of production ($40) and well below the price ($55) needed to bring new production to on line. In 2010, utilities were contracting for up to 250m lbs The uranium sector has experienced 8 periods of upside price activity since 2003 where the spot price has spiked over a short period of time. The average price increase of these 8 bull cycles was 58% over a period of 6 months. • The new Sprott Physical Uranium Trust is another indication that the uranium sector is on the rise. Sprott has just over 18m lbs. of physical uranium, which will increase (40m) as the fund raises additional capital. Physical uranium is the only commodity they will hold in this trust, and all funds raised will be directed to uranium spot market purchases. TSX-V : FUU OTCQB : FISOF | www.fission3corp.com | @fission3corp 44 Athabasca: The Premier High-grade Uranium District Top 5 Global Producers 60+ Athabasca Basin years of mining 13.2% 2.5 of the world’s uranium 2 Jurisdiction 8 O Saskatchewan was ranked as #2 3 1.5 jurisdiction in the world for mining % U investment in 2018 by the Fraser 1 Institute 0.5 Grade 10 to 20 times Global Average 0 TSX-V : FUU OTCQB : FISOF | www.fission3corp.com | @fission3corp 5 Fission 3.0 – Has Large Tracts of Unexplored Acreage Fission 3.0 Acreage Athabasca Basin Fission 3.0 used staking strategies and historic uranium discoveries in identifying claims in the Athabasca Basin. The company has large tracts of land in close proximity to other major uranium discoveries. ( Nexgen’s Arrow & IsoEnergy’s Hurricane ) discoveries. Strong Technical Team The F3 team is part of the group that made the original PLS discovery. Fission 3.0’s properties were staked based on the innovative airborne technology that was used in discovering the uranium boulder field which lead to the PLS Triple R deposit. The west part of the Athabasca Basin holds some of the largest U discoveries in the world. TSX-V : FUU OTCQB : FISOF | www.fission3corp.com | @fission3corp 6 Shallow Deposits are Generally Mined out First Triple R Cameco Orano Denison McArthur NexGen (FCU) Midwest Phoenix River Arrow Past Producer Cameco Orano Orano/UEX Key Lake Cameco Cameco Orano McClean Cigar Shea Producing Rio Tinto Millennium Cluff Lake Lake Roughrider Lake Creek Production on Hold Advanced 100 Exploration 200 “Sweet-Spot” 300 400 500 600 700 800 900 TSX-V : FUU OTCQB : FISOF | www.fission3corp.com | @fission3corp 7 Fission 3 – Key Exploration Prospects PLS Area Projects • Patterson Lake North: The PLN property is the most advanced of the Fission 3 portfolio. The project is located in the south-west area of the Athabasca Basin, where recent massive high-grade discovery at Fission Uranium’s PLS property and NexGen Energy’s Rook properties are located. • 38 claims covering 39,946 ha are located immediately adjacent and to the north of Fission Uranium’s PLS Triple R uranium deposit. • Multiple drill targets remain untested on the property. Key Lake Road Projects • Lazy Edward Bay: Is made up of 11 claims totaling 1,828 ha. Located between the historic Key Lake Mine and Cameco’s Centennial deposit. • Near the edge of the basin, the depth of targets at Lazy Edward Bay are shallow, giving a huge advantage of inexpensive exploration. • High potential for a near surface high grade uranium discovery. TSX-V : FUU OTCQB : FISOF | www.fission3corp.com | @fission3corp 8 Fission 3 – Key Exploration Prospects NE Athabasca Basin Projects • Cree Bay: Made up of 16 claims totaling 14,080 ha, located on the inside edge of the northern Athabasca Basin. • The historic Nisto uranium deposit is located 13km to the north of Cree Bay. • The property was flown with high resolution magnetic and radiometric surveys, which were followed up with DCIP Resistivity and Time Domain EM ground geophysics. • Next step is to do a ground geophysical program at Cree Bay. Murphy Lake: Claims parallel to the IsoEnergy Hurricane deposit. • Excellent JV opportunity Beaverlodge Area Projects • Hearty Bay: Made up of 6 mineral claims totaling 10,604ha. • The property surrounds the historic Isle Brochet radioactive sandstone boulder trains. • 1km long dispersal trains containing up to 8% uranium. • F3 technical team to trace location of the uranium source with select drill targets. TSX-V : FUU OTCQB : FISOF | www.fission3corp.com | @fission3corp 9 Athabasca Basin Projects: Work Areas for Use of Proceeds 10 PLS Area Projects The SW Athabasca Basin region is an emerging major Uranium District hosting large high-grade deposits including the Triple R, Arrow, Shea Creek, and Cluff Lake • Fission 3 has three projects totalling 92,718 ha surrounding new major discoveries with potential to host near surface high-grade uranium. • Excellent highway access. • PLN is Fission 3.0’s main prospect in PLS. ATHABASCA BASIN TSX-V : FUU OTCQB : FISOF | www.fission3corp.com | @fission3corp 11 KEY EXPLORATION PROJECTS PLN • Fission 3.0’s large PLN property is strategically located between Fission Uranium’s PLS property to the south and UEX’s Shea Creek deposit to the north. This target-rich property is very much about location, location, location. • Great JV opportunity. • Multiple drill targets remain untested on the property: 1. Broach Lake conductor trend which is 5km and parallel to the PLS structural corridor, host to the Triple R and Arrow uranium deposits. 2. Chimney Target on the folded ‘N’ Conductor system. The chimney is a resistivity low zone, interpreted to indicated clay alteration in the lower part of the sandstone immediately above the wide complex ‘N’ Conductor system. Such alteration features are known to be associated with high grade unconformity uranium mineralization. 3. Follow up drilling of the prospective A1 conductor trend towards the south. TSX-V : FUU OTCQB : FISOF | www.fission3corp.com | @fission3corp 12 Key Lake Road Projects Wollaston-Mudjatic Transition Zone in eastern Athabasca Basin is one of the most important trends of high-grade uranium projects in the world. Key Lake area is a historically important mining area and home of the Key Lake mill. Fission 3 has four projects totalling 45,109 ha in this area, all with potential to host near surface high-grade uranium. Lazy Edward Bay is Fission 3.0’s main prospect in Key Lake Road. ATHABASCA BASIN TSX-V : FUU OTCQB : FISOF | www.fission3corp.com | @fission3corp 13 KEY EXPLORATION PROJECTS LAZY EDWARD BAY • Lazy Edward Bay is located in the south-eastern margin of the Athabasca Basin, halfway between the historic Key Lake Mine and Cameco’s Centennial deposit. The Key Lake operation, ~50km to the east, was one of the largest and most significant uranium deposits in the Athabasca Basin. • Historic drilling intersected sandstone and basement rocks with strongly altered, bleached, brecciated and sheared basement rocks which are some of the key indicators for nearby high-grade uranium. • Next step is to drill test the high-ranking shallow drill targets (less than 150m deep TSX-V : FUU OTCQB : FISOF | www.fission3corp.com | @fission3corp 14 Beaverlodge Area Projects Historical major uranium producing district – 52 mines operating in 1950s and 1960s • 4 projects totaling 68,889 ha in heart of historical mining district. Potential for additional near surface high-grade uranium • Very little modern-day exploration done in area Summer 2017 exploration highlights: • High-grade uranium boulders and outcrops located on the Midas property, with assays up to 11.9% U3O8. • Hearty Bay is Fission 3.0’s main prospect in Beaverlodge. ATHABASCA BASIN TSX-V : FUU OTCQB : FISOF | www.fission3corp.com | @fission3corp 15 KEY EXPLORATION PROJECTS Hearty Bay • The Hearty Bay project is located in the northwest side of the Athabasca Basin in the Beaverlodge /Uranium City district.
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