Arrow: A Rapidly Growing Uranium Discovery | February, 2015 1 Disclaimer Information Contained In This Presentation This presentation is a summary description of NexGen Energy Ltd. (“NexGen” or the “Company”) and its business and does not purport to be complete. This presentation is not, and in no circumstances is it to be construed as, a prospectus, an advertisement, or a public offering of securities. No securities regulatory authority or similar authority has reviewed or in any way passed upon the document or the merits of the Company’s securities and any representation to the contrary is an offence. Except where otherwise indicated, the information contained in this presentation has been prepared by NexGen and there is no representation or warranty by NexGen or any other person as to the accuracy or completeness of the information set forth herein. This presentation includes information on adjacent properties that was obtained from various publicly available sources referred to herein and the accuracy and completeness of such information has not been verified by NexGen. Except as otherwise stated, information included in this presentation is given as of the date hereof. Neither the delivery of this presentation nor any sale made under the terms described herein shall imply that the information herein is correct as of any date after the date hereof. All dollar amounts referenced herein, unless otherwise indicated, are expressed in Canadian dollars. Cautionary Note Regarding Forward-looking Information Statements contained in this presentation that are not current or historical factual statements may constitute “forward-looking information” within the meaning of applicable securities laws including statements with respect to the properties, a concurrent financing, our plans for exploration and development of our properties and our financial condition, operations and prospects. The forward-looking information reflects current expectations regarding future results, performance or achievements and speaks only as of the date of this presentation. When used in this presentation, forward-looking information can be identified by such words as “may”, “will”, “expect”, “believe”, “plan”, “project”, “anticipate”, “intend”, “estimate” and other similar terminology. Such forwardlooking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed in or implied by such information. Such risks, uncertainties and other factors include, but are not limited in any manner to those risks set forth in this presentation under the heading “Risk Factors”, including, the risk that no mineralization will be identified on the Radio and Rook I properties; the Company’s dependence on third party financing; the Company’s limited operating history; risks inherent in exploration activities; environmental and safety risks including increased regulatory burdens; unexpected geological or hydrological conditions; a possible deterioration in political support for nuclear energy; changes in government regulations and policies, including trade laws and policies; demand for nuclear power; failure to obtain necessary permits and approvals from government authorities; weather and other natural phenomena; and other exploration, development, operating, financial market and regulatory risks. The foregoing list of factors is not exhaustive. The forward-looking information contained in this presentation requires management to make certain assumptions including with respect to the financing and its ability to successfully develop its properties. Although management of the Company believes that the assumptions underlying, and the expectations reflected in, the forward-looking information are reasonable, significant risks and uncertainties are involved in such information. Management can give no assurances that its assumptions, estimates and expectations will prove to have been correct. Forward-looking information should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not or the times at or by which such performance or results will be achieved. Many factors that are beyond the Company’s control could cause actual results to differ materially from the results discussed in the forward-looking statements. 2 2 Uranium Market - 70 reactors currently under construction - Another 150 to 200 in planning Two Westinghouse AP1000 reactors are currently under construction at the Sanmen Nuclear Power Station in eastern Zhejiang Province, China. Courtesy: Westinghouse - China nuclear capacity currently 18GW increasing to 58GW by 2020, 200GW by 2030: China Climate Pledge with the US - Needs 1,000 Nuclear Plant Effort, Bloomberg, November 21, 2014. The Chairman of CGN Uranium Resources: “The firm had already secured uranium projects in all other major producing nations, including Namibia, Kazakhstan and Australia, and was now focusing its efforts on Canada” (Reuters December 5, 2014). - Japan approves restart of 2 reactors in 2015 - Application for another 20 of 48 in review - Uranium spot jumped 50% on restart announcement Kyushu Electric's Sendai nuclear power plant could restart in late 2014 or early 2015. Courtesy: Japan Times 3 Executive, Board & Technical Team Strong team with a successful track record in uranium exploration. Executive Leigh Curyer Chief Executive Officer Garrett Ainsworth VP Exploration & Development Grace Marosits Chief Financial Officer Travis McPherson Corporate Development Manager Board Technical Team Technical Advisory Chris McFadden Garrett Ainsworth Andrew Browne Chairman VP Exploration & Development former VP Exploration & Development Richard Patricio Trevor Thiele Craig Parry Gerry Feldman James Currie Adam Engdahl Craig Parry Project Manager - Saskatchewan Director Directors James Sykes Senior Geologist Project Overview Project Overview Focus High-tonnage, high-grade, technically superior assets in shallow sections of the Athabasca Basin Portfolio Characteristics - Straddles the Basin boundary and shallow sections inside the Basin, - NexGen’s land package enables them to find basement hosted, unconformity hosted and sandstone hosted mineralization, - Hosts the land based Arrow discovery at Rook I, 4 5 Arrow Discovery Rook I Project location & Conductor Corridors Arrow Discovery - Discovered February 2014 - Land based discovery located inside the Basin boundary - 34 of 36 holes drilled to date intersected multiple zones of offscale uranium mineralization - AR-14-30 ranked as one of the best holes ever drilled in the Athabasca Basin Rook I hosts all the known uranium bearing conductor corridors in the region 6 Arrow Target Conductor break coincident with gravity low. Discovered on first drill hole AR-14-1 (formerly RK-14-21) Arrow Series of stacked parallel sub- vertical mineralized shear zones Characteristics 34 of 36 holes drilled to date intersected high grade uranium mineralization 90% of holes drilled are angled across wide step outs, Area of mineralization, Length x width - 515m x 215m, Depth - 100m to 730m, Open in all directions along a 7km conductor corridor 7 Arrow AR-14-30 cross section Very high grade continuous over large intercepts. Composite Grade Thickness of 909. 8 9 AR-14-30 Core - On a composite grade x thickness basis, AR-14-30 ranks as the third best hole ever drilled in the Athabasca Basin The Eagle Point Analogy The Arrow zone is located just inside the present day Athabasca Basin where no drill testing has occurred within 4 km along strike to the northeast within the Athabasca Basin, and within 3 km along strike to the southwest outside of the Athabasca Basin. - Eagle Point Uranium deposits are located on the eastern edge of the Athabasca Basin, and are part of the Rabbit Lake Uranium district, which also includes the Rabbit Lake and Collins Bay deposits. - Rabbit Lake is the longest operating uranium mine in North America and is also the second largest uranium mill in the world. - The Rabbit Lake Uranium District has produced more than 190 million pounds of uranium concentrates since production began in 1975 (www.cameco.com/business/uranium-operations/canada/rabbit-lake). - Production at Eagle Point commenced in 1994 and remains in production today. 65 million lbs produced, 20 million lbs reserve, within >200 million lb district 10 11 Dravite Breccia – Arrow, McArthur River Arrow: AR-14-15 422.25m Dravite associated (or proximal) to mineralization Dravite-Chlorite-filled Breccias, Direct Association with Mineralization – McArthur River Deposits and BJ Zone Rook I – Patterson Conductor Corridor Arrow: multiple target zones (7kms) Significant Radon Anomaly discovered coincident with conductor break Patterson Lake South 12 13 Significant Radon Anomaly Discovered 480 m long by 20 to 150 m wide radon in lake water anomaly has been discovered 400 m northeast along strike from the Arrow zone; Radon values up to 10.4 pCi/L are in the same range as the radon values that led to the discovery of the R390E R780E zones at the adjacent PLS property by the Alpha-Fission joint venture (see news release February 19th, 2013); Location of this clustered radon anomaly is optimally situated where the southeast dipping VTEM conductor is projected to reach the unconformity. 14 Gravity – Fury Target Area - Six high priority targets based on the same geophysical signature as Arrow - Land based - Depth to basement ranges from 10 to 20 meters - Drilling commencing late January 2015 15 Eastern Athabasca Basin Portfolio High quality portfolio Radio located directly adjacent to and long strike of Roughrider, Rio Tinto acquired for $654M in February 2012 Thorburn Lake (9 of 15 drill holes have intersected uranium mineralization) Madison and 2Z Lake projects contain shallow (<100m thick) sandstone-hosted uranium mineralisation, and is along strike from U-mineralized conductors. The mineralized structures and conductors within 2Z have not been adequately explored, and represent good potential for discovery of new basement-hosted uranium deposits. 16 Share Structure TSX-V: NXE As of January 31, 2015 Shares Issued & Outstanding 195,758,536 Warrants ($0.425 - $0.65) 31,054,518 Options ($0.30 - $0.46) 18,252,303 Fully Diluted Cash 245,065,357 ~$14M Ownership Tigers Realm Minerals & Associates Mega Uranium Radio Optionors (2 - individually) ~17% ~16% ~7% 17 Arrow Summary - 34 of 36 holes drilled intercepted mineralization, - Area of mineralization 515 m x 215m, vertical extent commencing from 100m down to 730m, - AR-14-30 one of the best holes in Athabasca Basin history, grade thickness of 909 including a continuous 46m @ 10.32% U3O8, - Well financed $14M, - 18,000m drilling program at Arrow underway - Massive Radon Anomaly 400m north east of Arrow to be drill tested this winter along with other Rook I regional targets identified by geophysics. 18 Contact Investor Relations 604-684-6730 | 1-866-684-6730 [email protected] Head Office 2450 – 650 W. Georgia Street Vancouver, BC V6B 4N9 604-428-4112