1. A URANIUM EXPLORATION
AND DEVELOPMENT COMPANY
www.uex-corporation.com

2. FORWARD-LOOKING INFORMATION AND STATEMENTS:
Certain statements and other information contained in this presentation may constitute “forward-looking information” within the meaning of applicable Canadian
securities legislation or constitute “forward-looking statements” within the meaning of applicable United States securities legislation. Such information and
statements are based on UEX's current expectations, estimates, forecasts and projections. These forward-looking statements include statements regarding UEX‘s
outlook for our future operations, plans and timing for exploration activities, and other expectations, intentions and plans that are not historical fact. The words
“estimates”, “projects”, “expects”, “intends”, “believes”, “plans”, or their negatives or other comparable words and phrases are intended to identify forward-looking
statements. Such forward-looking statements are based on certain factors and assumptions and are subject to risks, uncertainties and other factors that could cause
actual results to differ materially from future results expressed or implied by such forward-looking statements. Important factors that could cause actual results to
differ materially from UEX's expectations include uncertainties relating to interpretation of drill results and geology, additional drilling results, continuity and grade of
deposits, participation in joint ventures, reliance on other companies as operators, public acceptance of uranium as an energy source, fluctuations in uranium prices
and currency exchange rates, changes in environmental and other laws affecting uranium exploration and mining, and other risks and uncertainties disclosed in UEX's
Annual Information Form and other filings with the applicable securities commissions in Canada. Many of these factors are beyond the control of UEX. Consequently,
all forward-looking statements made herein are qualified by this cautionary statement and there can be no assurance that actual results or developments anticipated
by UEX will be realized. For the reasons set forth above, investors should not place undue reliance on such forward-looking statements. Except as required by
applicable law, UEX disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or
otherwise.
NOTICE TO U.S. PERSONS:
The information in this publication has been prepared in accordance with the requirements of Canadian securities laws, which differ from the requirements of United
States securities laws. Information, including scientific or technical information, has been prepared in accordance with National Instrument 43-101 - Standards of
Disclosure for Mineral Projects (“N.I. 43-101”). N.I. 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public
disclosure an issuer makes of scientific and technical information concerning mineral projects. Canadian standards, including N.I. 43-101, differ significantly from the
requirements of the SEC. For example, the terms “indicated mineral resources” and “inferred mineral resources” are used in this publication to comply with the
reporting standards in Canada. While those terms are recognized and required by Canadian regulations, the SEC does not recognize them. Under United States
standards, mineralization may not be classified as a “reserve” unless the determination has been made that the mineralization could be economically and legally
produced or extracted at the time the reserve determination is made. Readers should understand that “indicated mineral resources” and “inferred mineral resources”
have a great amount of uncertainty as to their existence and as to their economic and legal feasibility. Readers are cautioned not to assume that any part or all of the
mineral deposits in these categories will ever be converted into mineral reserves. In accordance with Canadian rules, estimates of “inferred mineral resources” cannot
form the basis of feasibility or other economic studies. In addition, the definitions of proven and probable mineral reserves used in N.I. 43-101 differ from the
definitions in the SEC Industry Guide 7. Disclosure of “contained ounces” is permitted disclosure under Canadian regulations; however, the SEC normally only permits
issuers to report mineralization that does not constitute reserves as in place tonnage and grade without reference to unit measures. Accordingly, information
contained in this publication describing the Company's mineral properties may not be comparable to similar information made public by U.S. companies subject to the
reporting and disclosure requirements under the United States federal securities laws and the rules and regulations thereunder.
2

3. Graham C. Thody, CA – President & Chief Executive Officer
Mr. Thody was a Partner of Nemeth Thody Anderson, Chartered Accountants from 1979 until his retirement from public practice in
2007. He was a Director of Pioneer Metals Corporation at the time of the adoption of the Plan of Arrangement which created UEX
Corporation and has been a Director of UEX since its inception. He served as Chairman of the Board of UEX until June 2010.
Ed Boney, CA – Chief Financial Officer
Mr. Boney held the position of Corporate Controller at a Canadian junior gold mining company with producing mines in Canada and Peru
prior to joining UEX. He has also held the position of manager with Deloitte where he supervised the audits of public companies in the
mining and natural resource sector and was involved in the asset valuations of several companies in the Canadian oil and gas sector.
R. Sierd Eriks, P.Geo. – Vice-President, Exploration
Mr. Eriks, B.A. (Geology), has worked in mineral exploration for over thirty years. From 1979 to 1998, he gained geological and
managerial experience with SMDC (now Cameco Corporation), Falconbridge Limited, Noranda Exploration Co. Ltd. and Cogema
Resources Inc. (now AREVA Resources Canada Inc.) in base metals, gold, PGE and uranium exploration.
Nan H. Lee, M.Sc., P.Eng. – Vice-President, Project Development
Ms. Lee has worked as a Mining and Project Engineer on several projects in Canada and has also worked with Kilborn Engineering where
she assisted with project feasibility studies. As an independent consultant she has coordinated, or assisted with the preparation of
Environmental Impact Statements for several uranium mine developments in Canada. Most recently Ms. Lee has been managing the
preliminary feasibility studies for tailings management facilities for two uranium operations in northern Saskatchewan.
Walter Segsworth, P.Eng. – Management Advisory Board
Mr. Segsworth previously served on the Board of Directors of UEX from 2002 to 2008. He has managed three large Canadian mines. In
1990 he was appointed President and Director of Westmin Resources Ltd. Upon the takeover of Westmin by Boliden in 1998, Mr.
Segsworth joined Homestake Mining Company of California where he was subsequently appointed President, Director and Chief
Operating Officer and served until its merger with Barrick in early 2002. He is currently Lead Director of Alterra Power Corporation.
David Rhys, M.Sc., P.Geo. – Management Advisory Board
Mr. Rhys is a consulting structural geologist specializing in structural controls on mineral deposits and their application to exploration,
mining and mine site grade control. He has had a long association with UEX, and has provided technical consulting and guidance to the
Company since its inception. He has also been involved in exploration advisory roles to several other junior mining companies.
3

4. Mark P. Eaton, B.A.
Chairman of the Board
Mr. Eaton is an experienced investment professional with over 20 years of experience in equity capital markets specializing in the
resource sector. He has held the position of Managing Director of Global Mining Sales, a division of CIBC World Markets of Toronto,
Canada and Manager of U.S. Equity Sales for CIBC World Markets. He was a Partner and Director of Loewen Ondaatje McCutcheon Ltd.,
a Toronto-based investment dealer, until March 2008. He is currently President and CEO of Belo Sun Mining Corp.
Colin C. Macdonald, M.Sc.
Mr. Macdonald held the position of Vice-President, Exploration, for Cameco Corporation until his retirement on June 30, 2011. He had
worked for Cameco Corporation and its predecessor companies since 1981 and was responsible for Cameco's worldwide uranium
exploration activities.
Suraj P. Ahuja, M.Sc., P.Geo.
Mr. Ahuja's career as a geologist in the design and management of mineral exploration programs spans over 40 years. From 1978 to
1988 he was employed by Cameco as a Project Geologist and a Senior Geologist. From 1988 to 2001 he was employed by PNC
Exploration (Canada) Co. Ltd., a Japanese-owned uranium exploration company. Mr. Ahuja consults for several major and junior
uranium exploration companies through his own mineral exploration consulting company.
Emmet McGrath, CA
Mr. McGrath, a member of the Canadian Institute of Chartered Accountants, was an audit partner with KPMG from 1981 to 2002. He
has a thorough understanding of the regulatory and statutory reporting requirements of publicly listed companies and is well versed in
corporate governance matters. He has extensive experience in mergers and acquisitions, and currently sits on the Board of Directors of
several publicly listed companies in the mining industry. He is a Director and former Chairman of the Board of Westminster Credit
Union, the sixth largest credit union in British Columbia.
Graham C. Thody, CA
4

5.  UEX Corporation is an industry leader
in the discovery and advancement of
new uranium resources in Canada’s
Athabasca Basin.
 UEX’s enduring success in uranium
exploration is enhanced by:
 Early acquisition of highly
prospective land positions in the
prolific Athabasca Basin
 Strong relationships with Cameco
Corporation and AREVA, the
world’s largest uranium companies
 Progress continues on our advanced
resource development projects at Shea
 The Athabasca Basin is located in northern
Creek and Hidden Bay, placing UEX
Saskatchewan, Canada and yields approximately
among a select peer group of 18% of the world’s mined uranium.
companies capable of delivering
superior results over the coming years.
5

6. As at December 31, 2011, except as noted
Shares
 Issued and outstanding 203,067,652
 Fully diluted 222,128,352
 Pro-forma issued and outstanding (March 15, 2012*) 221,488,679*
 Pro-forma fully diluted (March 15, 2012*) 240,549,379*
Significant shareholder
 Cameco Corporation 22.58%
2012 Budgets Approved Proposed
 Exploration C$ 3.5 million C$ 1.5 million
 Development Nil 2.3 million
 Administration 1.3 million 0.4 million
Total C$ 4.8 million C$ 4.2 million
Cash position C$ 4.8 million
Net proceeds from equity issuances* C$ 14.9 million*
* Pro-forma, assumes all announced financings are fully subscribed with Cameco exercising its pre-emptive right to maintain pro-rata ownership
and are closed by March 15, 2012 as anticipated.
6

7. 7

8. N.I. 43-101 Mineral Resource Estimates
Resources by Deposit Resources by Deposit
(millions of lbs U3O8 at recommended† cut-off)
UEX Equity Holdings
40 (% of UEX total U3O8 at recommended† cut-off)
35
30 Anne Colette
17% 11%
25
20 Kianna Horseshoe
15 24% 29%
10 Raven
5 17%
0 West Bear
2%
UEX total U3O8 (lbs) by Resource Category
Project Indicated Inferred
AREVA Resources Canada Inc. Shea Creek 31,150,770 12,017,250
UEX Corporation - Inferred Resources Hidden Bay 36,622,500 2,715,000
UEX Corporation - Indicated Resources Total 67,773,270 14,732,250
* Joint venture with 49% UEX / 51% AREVA ownership † Hidden Bay 0.05% U3O8 cut-off / Shea Creek 0.30% U3O8 cut-off
8

9. As at December 31, 2011
UEX 2011 Expenditures UEX Cumulative
(C$ millions)
6
Expenditures
(C$ millions)
$0.46M 70
5
60 $5.1M
4 50
3 40 $7.4M
$4.98M
$4.34M 30 $58.5M
2
20 $36.8M $38.1M
1
10
$0.55M
0 0
Shea Creek Hidden Bay Other Shea Creek Hidden Bay Other
Exploration Development Exploration Development
9

10. As at December 31, 2011
Annual Drilling 2009-2011 Historical Drilling
(thousands of metres) (thousands of metres)
45 500
40
400
35
279.1
30
300
25
20 40.1
200
15 129.8
22.6 24.0
10 19.9 21.1
100 205.0
5 6.5 99.3
0 2009 2010 2011 2009 2010 2011 0
Shea Creek* Hidden Bay Shea Creek* Hidden Bay
2009 2010 2011 Pre-UEX UEX
* Utilizing directional drilling, whereby several wedge cuts are made from a single pilot hole, has significantly reduced the total number
of drilling metres required to attain the desired number of unconformity impacts.
10

11. • Located in northwest Saskatchewan, the
Shea Creek property hosts the largest
undeveloped uranium resource in the
Athabasca Basin.
• Access is provided year-round by
Provincial Highway 955 and by an airstrip
maintained by AREVA.
Cluff Lake Camp
• Field exploration is conducted from
AREVA’s former Cluff Lake mine camp.
• The Cluff Lake mine, now decommissioned,
produced over 62 million lbs1 of U3O8
during its successful 22 years of operation.
1. Source: Saskatchewan Mining Association
11

12. • High-grade uranium is distributed along a
3-kilometre strike length at the north
end of the 33-kilometre long Saskatoon
Lake Conductor.
• Multiple N.I. 43-101 deposits.
• Strong joint venture partner in AREVA and
experienced drilling contractors.
• The resources at Shea Creek are open in
almost every direction and have excellent
potential for substantial expansion as
exploration continues.
• UEX has significant involvement and input
into the planning of exploration programs.
12

13.  The Shea Creek Project is a joint venture
49% owned by UEX Corporation and 51%
owned by AREVA Resources Canada Inc.,
the project operator.
 The Shea Creek Project contains the largest
undeveloped uranium resource in the
Athabasca Basin.
 UEX Cumulative Expenditures
As at December 31, 2011
 Exploration C$36.8 million
 Development C$ 7.4 million
 2012 Joint Venture Budget
 Exploration C$ 6.0 million
13

14.  Results from the May 2010 N.I. 43-101 mineral resource estimate prepared by Golder
Associates Ltd. are shown in the table below. These results are based on drilling information up
to December 31, 2009. Mineralization encountered during the 2010 and 2011 programs is not
included. No resource has yet been estimated for the 58B Deposit.
(This resource is included in a technical report on the Shea Creek property with an effective date of May 26, 2010 available online under
UEX’s profile at www.sedar.com.)
 This estimate confirms that Shea Creek contains the largest undeveloped uranium resource in
the Athabasca Basin, exceeded in size only by McArthur River and Cigar Lake.
 The resources at Shea Creek are open in almost every direction and have excellent potential
for significant expansion as exploration continues.
Indicated Resources at 0.30% U3O8 cut-off Inferred Resources at 0.30% U3O8 cut-off
Deposit Tonnes U3O8 (%) U3O8 (lbs) Tonnes U3O8 (%) U3O8 (lbs)
Kianna* 713,000 1.442 22,665,000 573,100 1.360 17,184,000
Anne* 484,500 2.368 25,295,000 299,300 0.674 4,448,000
Colette* 675,100 1.049 15,613,000 196,500 0.668 2,893,000
Total 1,872,600 1.540 63,573,000 1,068,900 1.041 24,525,000
* Joint venture with 49% UEX / 51% AREVA ownership
14

15.  The Shea Creek Project contains four
known uranium deposits:
 Kianna  Colette
 Anne  58B
 The deposits are distributed along a
strike length of over 3 kilometres at
the north end of the 33-kilometre long
Saskatoon Lake conductor .
 58B is an emerging new deposit
located between Kianna and Colette
which displays the same stacking of
basement, unconformity and perched
mineralization as is seen at Kianna.
(UEX news release of September 21, 2010)
 Mineralization is largely open and large
parts of the Saskatoon Lake conductor
remain untested; the potential for
resource expansion is extremely high.
15

16.  The uranium mineralization in a
deposit can occur in three styles:
 Perched (P) mineralization is found
in sandstone at shallower depths.
 Unconformity (UC) mineralization
is found at the contact of the
sandstone and the underlying
basement rock.
 Basement (B) mineralization is
found in the gneissic rock beneath
the unconformity.
 A vertical cross section of the Kianna
Deposit is shown at left. 58B displays
the same stacked mineralization style.
16

17. Kianna SHE-114-05
 Perched (P)
mineralization grading
27.7% eU3O8 over 7.6 m
Kianna SHE-115-03
 Unconformity (UC)
mineralization grading
21.2% U3O8 over 4.3 m
Kianna SHE-115-11
 Basement (B)
mineralization grading
13.2% U3O8 over 4.5 m
17

18. Selected High-Grade Drilling Results
Kianna Colette
 SHE-114-19  SHE-111-06
(P) 33.6% eU3O8 over 1.3 m (B) 23.9% U3O8 over 0.5 m
 SHE-115-10
(B) 24.3% U3O8 over 2.5 m
 SHE-123-06
(UC) 32.3% U3O8 over 1.1 m
Anne
 SHE-087
(B) 34.7% U3O8 over 1.9 m
 SHE-096-03
(UC) 29.2% U3O8 over 3.4 m
 SHE-099
(UC) 60.6% U3O8 over 1.2 m
18

19. SHE-114-09: GT 144
4.64% eU3O8/22.2 m
SHE-114-11: GT 254
4.09% eU3O8/45 .0 m SHE-114-20: GT 145
SHE-114-07: GT 70
1.02% eU3O8/141 m
7.37% U3O8/9.5 m
Perched
SHE-114-19: GT 71
5.94% eU3O8/12.0 m SHE-115-04: GT 48 Unconformity
2.55% U3O8/19.0 m
SHE-115-11: GT 88
5.36% U3O8/16.5 m SHE-115-03: GT 114
9.34% U3O8/12.2 m
SHE-118: GT 50
6.30% U3O8/7.9 m
SHE-115-18: GT 115 SHE-115-05: GT 73
8.42% eU3O8/12.6 m 7.83% U3O8/7.2 m
SHE-114-05: GT 224 SHE-115-08: GT 91
20.7% eU3O8/10.2 m 6.17% U3O8/6.7 m
Basement
SHE-115-10: GT 144
8.58% U3O8/15.0 m
Kianna Deposit: 3D Model
GT is presented for the entire drill hole along with Side view facing NE: perched, unconformity and
the Grade/Thickness of the major intercept. basement mineralization are clearly visible.
19

20. SHE-109-06: GT 40 Perched
Unconformity
4.51% U3O8/8.9 m
SHE-122-05: GT 75 SHE-109-05: GT 79
3.64% U3O8/20.5 m 7.24% U3O8/8.7 m
SHE-095-03: GT 86 SHE-101-02: GT 32
4.41% U3O8/14.9 m 3.75% U3O8/8.6 m
SHE-122-01: GT 163 SHE-100-01: GT 110
4.21% U3O8/36.0 m 3.32% U3O8/25.1 m
Basement
SHE-096-03: GT 143 SHE-099-03: GT 36
5.42% U3O8/19.0 m 2.61% U3O8/13.6 m
SHE-016: GT 39
4.32% U3O8/9.1 m
SHE-087: GT 70
11.6% U3O8/6.0 m
SHE-099-02: GT 101 SHE-099: GT 84
5.65% U3O8/17.9 m 10.0% U3O8/8.4 m Anne Deposit: 3D Model
GT is presented for the entire drill hole along with Side view facing NE: perched, unconformity and
the Grade/Thickness of the major intercept. basement mineralization are clearly visible.
20

21. SHE-066-2: GT 33 COLETTE 58B KIANNA ANNE
1.28% eU3O8/26.0 m
SHE-066-3: GT 34
1.22% eU3O8/27.9 m
SHE-065: GT 21
1.73% U3O8/11.9 m
SHE-059: GT 27
4.10% U3O8/6.6 m
Perched Basement
SHE-052: GT 39
2.34% U3O8/16.8 m
Unconformity
SHE-111-06: GT 26
3.23% U3O8/8.0 m
Colette Deposit: 3D Model
GT is presented for the entire drill hole along with View from above the unconformity facing SE with
the Grade/Thickness of the major intercept.
58B, Kianna and Anne visible in the distance.
21

22. 58B KIANNA ANNE
GT is presented for the entire drill hole along with
the Grade/Thickness of the major intercept.
SHE-133-5: GT 19.5
6.53% eU3O8/1.6 m SHE-133-7: GT 22.7
2.13% eU3O8/10.6 m
SHE-133-3: GT 20.2
1.81% eU3O8/7.6 m
SHE-133-4: GT 21.2
6.55% eU3O8/2.4 m
SHE-133-6: GT 11.8
6.17% eU3O8/1.6 m
Unconformity
 Mineralization at 58B has now been traced over a Basement
strike length of 400 metres and occurs over a
width of up to 110 metres in plan view.
 Broad areas of the highly prospective structural
corridor hosting 58B remain sparsely tested and
will be explored in subsequent drilling programs. 58B Deposit: 3D Model
View from above the unconformity facing SE with
(UEX news release of September 21, 2010)
Kianna and Anne visible in the distance.
22

23. • Located in northeast Saskatchewan, the
Hidden Bay property hosts the sixth
largest undeveloped uranium resource
in the Athabasca Basin.
• The two main known deposits are
Horseshoe and Raven.
Horseshoe-Raven Camp
• The N.I. 43-101 Preliminary Assessment
Technical Report recommended that the
Company complete a pre-feasibility study
on the Hidden Bay Project.
• A base case scenario of $60 (US) per lb of
U3O8 would yield an estimated C$246M
in earnings before interest and taxes.
23

24. • Horseshoe and Raven are approximately
4 km from Cameco’s Rabbit Lake Mill and
22 km from AREVA’s McClean Lake Mill.
This proximity creates the opportunity for
toll milling arrangements.
• The principal hydroelectric transmission
lines that service both of these facilities
pass 3 km to the north of the deposits.
• The Rabbit Lake Mine Road branches off
from Provincial Highway 905 and
provides access to the deposits, as well
as the local uranium mills.
• The Raven pit has the potential for use
as a regional tailings facility due to the
competent rock which hosts the Raven
Deposit.
24

25.  The Hidden Bay Project is 100% owned by
UEX and contains three known uranium
deposits:
 Horseshoe
 Raven
 West Bear
 The Hidden Bay Project contains the sixth
largest undeveloped uranium resource in
the Athabasca Basin.
 Cumulative Expenditures
As at December 31, 2011
 Exploration C$58.5 million
 Development C$ 5.1 million
 2012 Budget
 Exploration (approved) C$ 0.5 million
 Exploration (proposed) C$ 1.5 million
 Development (proposed) C$ 2.2 million
25

26.  The February 2011 N.I. 43-101 Preliminary Assessment Technical Report (“PA”) prepared by
SRK Consulting (Canada) Inc. finds the economics of mining the Horseshoe and Raven deposits
to be very robust.
(These results are included in a technical report on the Hidden Bay property with an effective date of February 15, 2011 available online
under UEX’s profile at www.sedar.com.)
 The PA recommends that the project be advanced to a preliminary feasibility level, and that
this next phase of study also include UEX’s West Bear Deposit.
 The PA was conducted utilizing cut-off grades calculated on the basis of $60 (US) per lb of U3O8
in the mine optimization plan under which 16.6 million lbs of U3O8 would be extracted over a
seven-year mine life. This “Base Case” scenario at $60 (US) per lb of U3O8 is shown below.
Pre-Tax Earnings (Base Case)
(C$ millions)
300
Pre-Tax (Base Case) $246M
Price U3O8 200
(per lb) EBIT NPV5% IRR $163M
(C$ millions) (C$ millions) (%)
100
$60 (US) 246 163 42
0
“EBIT” Earnings before interest and taxes “IRR” Internal rate of return EBIT NPV (5%)
“NPV5%” Net present value (5% discount rate)
26

27.  Uranium processing and tailings management, as envisioned
in the PA, would be conducted through a toll arrangement* at
one of two milling facilities located near Horseshoe and Raven:
 The Rabbit Lake Mill within 4 km, operated by Cameco
 The McClean Lake Mill within 22 km, operated by AREVA
 The PA has focused on Cameco’s Rabbit Lake Mill as it has
excess capacity and is the closer of the two facilities.
 The Hidden Bay Project has numerous opportunities for the
improvement of economics, including:
 Expansion of mineable tonnes due to an increase in U3O8 price or a reduction in operating costs
which would result in a lower cut-off grade and thus the conversion of a higher proportion of the
existing resource base to reserves;
 Expansion of mineable tonnes through discovery of additional resources and potential inclusion
of Raven underground mineralization in the mine plan;
 Potential use of the Raven pit as a regional toll tailings management site and potential use of
tailings as underground backfill thereby further increasing regional tailings capacity; and
 Inclusion of UEX’s West Bear Deposit in the overall project mine plan and economics.
* Toll milling utilizes the excess capacity of an existing mill to process uranium ore, and is often a cost-effective alternative to constructing a new milling facility.
27

28.  UEX is focused on advancing the
deposits at Horseshoe and Raven
through pre-feasibility and ultimately
to feasibility level to assess the
potential economics and viability of
mining the deposits.
 Results from the July 2009 N.I. 43-101
mineral resource estimate prepared by
Golder Associates Ltd. are shown in
the table below.
(This resource is included in a technical report on
the Hidden Bay property with an effective date of
February 15, 2011 available online under UEX’s
profile at www.sedar.com.)
Indicated Resources at 0.05% U3O8 cut-off Inferred Resources at 0.05% U3O8 cut-off
Deposit Tonnes U3O8 (%) U3O8 (lbs) Tonnes U3O8 (%) U3O8 (lbs)
Horseshoe 5,119,700 0.203 22,895,000 287,000 0.166 1,049,000
Raven 5,173,900 0.107 12,149,000 822,200 0.092 1,666,000
Total 10,293,600 0.155 35,044,000 1,109,200 0.111 2,715,000
28

29.  The Horseshoe and Raven Deposits lie in overall competent and impermeable quartzite,
arkosic quartzite and calc-arkosic gneiss host rocks with no overlying Athabasca
sandstone cover, highly favourable conditions for mining in the Athabasca Basin.
 Vertical cross sections of the Horseshoe and Raven Deposits are shown above.
29

30. HU-16 high grade intercept: 12.35 m @ 4.53% U3O8
Nodular pitchblende Pitchblende in Late yellow boltwoodite-
rimmed by boltwoodite hematite-clay uranophane
30

31.  Results from the January 2009 N.I. 43-101 mineral resource estimate for the West Bear
Deposit prepared by Golder Associates Ltd. are as follows:
 78,900 tonnes grading 0.908% U3O8 in the Indicated category containing 1,579,000
pounds U3O8 at a cut-off grade of 0.05% U3O8.
(This resource is included in a technical report on the Hidden Bay property with an effective date of February 15, 2011 available online
under UEX’s profile at www.sedar.com.)
31

32.  The West Bear Deposit is a
classic, unconformity-hosted
uranium deposit which is
developed under shallow
Athabasca sandstone cover
above a conductive graphitic
gneiss unit.
 The near-surface nature of
the mineralization, all of
which occurs at depths of
under 35 metres, is amenable
to shallow open-pit mining.
 A vertical cross section of the
West Bear Deposit is shown at
left.
32

33. Our primary objectives:
 To continue the exploration and development work required to
delineate and develop economic resources at the Shea Creek
Project;
 To advance the development process at the Horseshoe, Raven and
West Bear Deposits;
 To maintain, explore and advance to discovery our other uranium
projects; and
 To pursue a diversified portfolio of projects from early exploration
through to development and production.
33

34. Shea Creek Hidden Bay
 Largest undeveloped uranium resource  Sixth largest undeveloped uranium
in Canada’s Athabasca Basin. resource in the Athabasca Basin.
 49% owned by UEX in partnership with  100% owned by UEX Corporation.
AREVA Resources Canada Inc.  Very robust economic outlook with an
estimated EBIT of C$246 million based
 Kianna, Anne, Colette and 58B contain
on a U3O8 price of $60 (US)/lb.
in excess of 63.5 million lbs U3O8
indicated and 24.5 million lbs U3O8  The Hidden Bay Project is ready to be
inferred. advanced to a pre-feasibility level.
 Shea Creek resources are open in  Horseshoe, Raven and West Bear are
almost every direction and have host to 36.6 million lbs U3O8 indicated
excellent potential for significant and 2.7 million lbs U3O8 inferred.
expansion as exploration continues.
 Infrastructure near Hidden Bay is well
developed, with two operating uranium
ore processing facilities in the local area.
34

35. Shea Creek Hidden Bay
Expansion of mineral resources Advancing toward a
into deposits of global significance production decision
35

36. TSX: UEX
For more information: International OTC Markets
UEX Corporation UEXCF.PK
Suite 1007 – 808 Nelson Street Frankfurt: UXO.F
Vancouver, BC V6Z 2H2
www.uex-corporation.com
Investor and Media Inquiries Contact:
Graham Thody, President & CEO
+1 (604) 669-2349
uex@uex-corporation.com