TSXV-ASC July 2015 AthabascaNuclear.com

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1 July 2015

2 This presentation and the information herein constitutes forward-looking information within the meaning of applicable Canadian securities legislation. Forward-looking information is based on reasonable assumptions that have been made by the Athabasca Nuclear Corporation (the Corporation or Company ) as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Corporation to be materially different from those expressed or implied by the forward-looking information, including but not limited to: the impact of general business and economic conditions; the absence of control over mining operations and risks related to those mining operations, including risks related to mineral resources, government and environmental regulation, results of exploration activities, mineral tenure, exploration syndicate partners, and industry conditions. Although the Corporation has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. The Corporation does not undertake to update any forwardlooking information that is contained or incorporated by reference herein, except in accordance with applicable securities laws. This presentation is intended for information purposes only and does not constitute an offer to sell or a solicitation to buy securities. No securities regulatory authority or regulator has assessed the merits of the information herein or reviewed this presentation. Darren L. Smith, M.Sc., P.Geol., Dahrouge Geological Consulting Ltd., a Qualified Person as defined by National Instrument , supervised the preparation of the technical information in this news release.

3 Athabasca Nuclear Corporation (ASC) is a publicly-traded exploration company focused on basement-hosted uranium models in and around Saskatchewan s worldclass Athabasca Basin. We also hold a high-quality mineral tenure position in the emerging Pikoo diamond district which is also located within Saskatchewan. Corporate Highlights Strong Share Structure with Low Float. 250,000+ Acres in SW Athabasca Basin. Well-funded, no debt obligations. Strong Management & Board of Directors. Third-party funding in place at Preston. New exposure to Pikoo Diamond Camp. Key Exploration Projects for 2015 Preston Lake Project Wollaston NE Project Prongua Lake Project Pikoo North Project

4 Shares Issued: 50.3 million Fully Diluted: 57.7 million Recent Share Price: C$0.03 Market Capitalization: $1.5 million Insider Ownership: ~25% As at June 30, 2015 Athabasca Nuclear Corp. has a strong treasury, significant levels of insider ownership, a good share structure, thirdparty project funding, and is focused on high impact projects in Saskatchewan, including our Preston Uranium Project near Fission s Triple R deposit and NexGen s Arrow discovery, and select tenure in the emerging Pikoo diamond camp.

5 The Preston Lake Project Exploring Saskatchewan s Western Athabasca Basin

6

7 The Western Athabasca Syndicate In early-2013 Athabasca Nuclear acquired its Western Athabasca Basin presence, and subsequently entered into option agreements with three other publicly-traded companies to jointly explore the Preston Project (the Western Athabasca Syndicate ). Each earn-in company (Skyharbour, Noka, and Rojo) may earn 25% of Athabasca Nuclear s original mineral tenure by completing certain work requirements totaling $5M over a two-year period. As of Spring 2015, nearly $4M has been spent in regional exploration that has identified a number of regional exploration targets, including preliminary drill testing. The Syndicate controls 250,000+ acres along the SW margin of the Athabasca Basin proximate to the area of the PLS discovery (Triple R, Fission Uranium) and Arrow discovery (NexGen Energy)

8 Exploring Preston in 2015 A 1,234 station gravity survey was completed over four grids in the Depper Lake area including one at the FIN target, one at the FSA target and two at the Dixon target. At FIN, a 73 station RadonEx survey returned significant radon cluster anomalies with up to 0.40 pci/m2/sec in soil (RFM samples), and up to pci/l in water. Based on the combined results of the gravity and RadonEx surveys, six high priority targets have been identified and will be subjected to ground based horizontal loop electromagnetic (HLEM) surveys. Summer 2015 Update - Preparations underway for a drill program testing multiple targets in August and September.

9 Additional Project Summary Points Fifteen high-priority drill target areas associated with eight prospective exploration corridors have been successfully delineated through this extensive summer airborne geophysics and ground evaluation. Of the fifteen areas associated with the exploration corridors, the most prospective areas were further assessed by grid based radon surveys as well as gravity and EM surveys. Initial drill program was conducted in Spring 2014 with approximately 2,000 meters in 9 holes. Seven of the holes intersected a broad, hydrothermally altered and reactivated, structural zone. Five of the holes returned elevated radioactivity and intersected multiple graphitic units within sheared and altered basement lithologies. The alteration commonly consists of pervasive chlorite, hematite and clay development; features which are common to uranium mineralization elsewhere in the Athabasca Basin.

10 Our Preston Lake Project is undergoing continued work in For the latest information and updates, please access the Western Athabasca Syndicate Corporate Presentation and our News Release section found on our homepage at

11 The Wollaston NE Uranium Property Approx. 81,000 ha (200,000 acres). Covers magnetic low extensions of the Wollaston domain beyond the borders of the Athabasca Basin. Surrounded by prominent regional exploration companies including Northern Uranium (TSXV: UNO) and Roughrider Exploration (TSXV:REL), both with active multi-million dollar exploration programs underway. Exploration potential for PLS-type basement hosted uranium and opportunity to participate in a potential new discovery district.

12 The Prongua Lake Diamond Property 80% interest in approx. 9,270 acres covering 16 claims. Contiguous to and up-ice from the North Arrow Minerals (TSXV: NAR) and Stornoway Diamond s Pikoo diamond discovery. Core tenure position in Canada s newest diamond discovery district. Adjacent to regional exploration pub-co. s including Strike Diamond Corp (TSXV:SRK) and Alto Ventures Ltd. (TSXV:ATV). Till sampling program and airborne magnetics expected during summer 2015.

13 The Pikoo North Diamond Property* *Acquisition subject to TSXV approval. Approx. 3,288 acres covering 2 claims. Located within Pikoo Diamond Camp in the Sask Craton region. Covers the up-ice direction to recent discoveries of chrome diopsides and eclogitic olivine by Copper Reef Mining (CSE: CZC). Contains five known geolphysical kimberlite targets, including Pikoo and Pikoo identified by Stornoway Diamond that have not had groundbased follow-up. Till sampling program being planned for summer 2015.

14 ASC = Multiple Opportunity Sets Exposure to one of the largest mineral tenure positions in Western Athabasca Basin with exploration for PLS-type basement hosted uranium. Near Fission Uranium s Triple R deposit and adjacent to NexGen Energy s Arrow deposit. Well-maintained basic and diluted share structure and no debt. Positioned in emerging Wollaston NE camp where basement hosted uranium models are being explored for. High-quality up-ice mineral tenure position within Pikoo Diamond District which ties on to North Arrow s Pikoo Project tenure. Leveraged to multiple exploration camps and diversified through multiple commodities. Active with Summer 2015 exploration work at both Preston (PLS) and Pikoo!

15 For more information: Thank you for your interest. Sam Wong CFO Phone: Or visit our website: www.

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