Corporate Presentation

Hong Kong

25 March 2014

Disclaimer

This document has been prepared by Enterprise Uranium Ltd (“ENU” or “the Company”) to provide an

update on the Company’s uranium projects to investors and potential new shareholders. This

presentation should be read in conjunction with other public announcements and reports (including

financial reports and disclosure documents) released by Enterprise Uranium Ltd. Any statements,

opinions, projections, forecasts or other material contained in this document do not constitute any

commitments, representations or warranties by ENU and associated entities or its directors, agents

and employees. Except as required by law, and only to the extent so required, directors, agents and

employees of Enterprise Uranium shall in no way be liable to any person or body for any loss, claim,

demand, damages, costs or expenses of whatsoever nature arising in any way out of, or in connection

with, the information contained in the document. This document includes certain statements,

opinions, projections, forecasts and other material, which reflect various assumptions. The

assumptions may or may not prove to be correct. Recipients of the document must make their own

independent investigations, consideration and evaluation of the opportunity to invest in the Company.

By accepting this document the recipient agrees that if it proceeds further with its investigations,

consideration or evaluation of the opportunity to invest in the Company it shall make and rely solely

upon its own investigations and inquiries and will not in any way rely upon the document.

Corporate Strategy

“to create shareholder value via discovery or acquisition

& development of Tier 1 uranium deposits...”

Through: • Effective use of pre-competitive Government supplied data to rank

opportunities (radiometrics, aeromagnetics , mapping).

• Early identification of emerging uranium Provinces.

• Gaining first mover advantage by acquiring the most pr ospective land.

• Discovering & developing large, high grade, low cost “T ier 1” uranium deposits.

• Working constructively with stakeholders & using world’s best practice.

Investment Opportunity

First-Class Assets •Five 100% owned uranium exploration projects with “Tier 1” potential,

located in Western Australia.

•Low-sovereign risk jurisdiction with uranium mines in development.

First-Class Team •Experienced management and skilled technical team, identifying projects

with potential and testing them to maximise value.

First-Class Opportunity •Strong support from China.

•Anticipated strong uranium market with supply gap emerging.

Capital Structure & Management

Capital Structure:

Ordinary Shares: 76.3M

Options: 12.8M (25 cents / expiry 31 March 2014)

Market Capitalisation: $3.8M

Cash at Bank: $1.9M (@ 31 Dec 2013)

Management: Ms Anna Mao Non–Exec Chairperson

Dermot Ryan Executive Director-Acting CEO

Dr Zhen Huang Non–Exec Director

Michael Atkins Non–Exec Director

ASX: “ENU”

An experienced Board & senior management team

with extensive operating and exploration experience

Major Shareholders

• SinoTech (Hong Kong) Corporation Ltd 18.9%

• Enterprise Metals Ltd 17.7%

• UEQ Investments Pty Ltd 10.5%

• Crownluxe Investments Pty Ltd 9.8%

• Run Dexin International (RDI) Resources 3.3%

• Dermot Ryan 3.2%

Top 20 shareholders hold 76.2% of Company

SAND HOSTED URANIUM DEPOSITS

• 18% of world uranium resources

• 7% of Australia uranium resources , “…a lot more to be found…”

• Occur as extensive sheet-like bodies or within palaeo-channels

• Grades ranging from 0.05% (500ppm) to 0.40% (4,000ppm) U3O8

• Mineralisation fine-grained, reduced uranium species (readily soluble)

• Amenable to Insitu Recovery (ISR)

• Low capital and operating cost and environmentally acceptable

Preferred Target Style

ENU Projects & Investments

INVESTMENTS

Energia Minerals: ENU 14.1%

• Nyang – Carley Bore deposit

PROJECTS

• Byro: 1,694 km²

• Peranbye: 1,490 km²

• Ponton: 1,015 km²

• Harris Lake: 76 km²

• Yalgoo: 130 km²

Total ~4,500 km² Prospective for calcrete and palaeochannel

hosted uranium deposits

Conceptual Long Section of Manyingee Deposit

Carnarvon Basin Model

Radiometric RGB Image

Carnarvon Basin Companies

“Emerging ISR Uranium Province”

• Manyingee Well [Paladin] 23.4 Mlbs

• Bennet Well [Cauldron] 15.7 Mlbs

• Carley Bore [Energia] 16.7 Mlbs

• Numerous other occurrences

“60Mlbs and increasing”

Carnarvon Basin Potential

Rationale

• Carley Bore (Nyang) Project located in

highly prospective Carnarvon Basin.

• Uranium & vanadium sources in Proterozoic.

• Palaeo-channels & permeable strata.

• Redox (reduced) boundaries for deposition.

• Favourable host rocks: porous sandstones at

regional redox interfaces.

• ENU holds 32.8m EMX shares, 14.1% of EMX

Investment in Energia Minerals

Investment in Energia Minerals

• Inferred Resource at Carley Bore:

23Mt @ 330ppm U3O8 for 16Mlbs of U3O8

Exploration target of 15-25Mlbs @ 300-500ppm U3O8

• Positive initial Scoping Study completed

• Outstanding potential to further increase

the resource inventory with only 6% of

prospective strike length effectively drilled

• Thick (4.5m average) mineralised zones at

shallow depth (50-60m)

• Gas pipeline passes through property

Note: ENU holds 14.1% interest in Energia Minerals (EMX)

Table 1: Carley Bore Deposit, Nyang Uranium Project, Western Australia

Inferred Mineral Resource – 25th

February 2013

OK Estimate - Reported at Various Lower Cut-Offs Using a Density of 1.73t/m3

(Preferred Cut-off – 150ppm U3O8)

Block Size of 50mX by 50mY by 5mZ

Lower Cut Off U3O8

(ppm )

Tonnage

(Mt)

Grade

U3O8 (ppm)

Contained Metal

t U3O8

Contained Metal

Mlb U3O8

100 24 320 7,700 17.0

150 23 330 7,600 16.7

200 19 360 6,900 15.3

250 15 400 5900 13.0

300 11 440 4,800 10.6

Carley Bore Resource

Location • 150-200km east of Kalgoorlie

Rationale • Uraniun sources same as Mulga Rocks and Double 8 • Projects cover salt lakes & underlying palaeo-valleys

Unexplored opportunity • Airborne Mag/Rad flown by WA Government

• Enterprise AEM survey in 2012

defined palaeo-channel targets

• Drilling planned for 2014

Lake Harris & Ponton Projects

• 200km east of Kalgoorlie

• Enterprise high resolution airborne mag/rad survey in 2011

• Enterprise Airborne EM (AEM) survey in 2012, defined palaeochannels and bedrock conductors

• Project prospective for Uranium & Ni/Cu sulphides

• Classic Minerals nearby discovery

• Drilling planned for Q2, 2014

Lake Harris Project

Plan of topography and AEM Channel 15

Uranium Source

• Radioactive Archaean granites

Transport

• Major river system with

huge catchment

Economic Model

• Uranium deposition in

Sand/Sandstone

Known Uranium Province

• Mulga Rocks Deposits

• Double 8 Deposits

Tenement

• 76 km2 of tenements

Lake Harris Uranium

Conductivity Depth Images

Lake Harris AEM

Plan of topography & AEM basement conductors VD1 Magnetic Image

Lake Harris Nickel/Copper

AEM H1

AEM H2

Lake Harris Ni/Cu CDI’s

Uranium Source

• Radioactive Archaean granites

Transport

• Major river system with huge catchment

Economic Models

• Uranium deposition in Sand/Sandstone

Known Uranium Province

• Mulga Rocks Deposits 62 Mlbs

• Double 8 Deposits 17 Mlbs

Large Land Holding

• > 80 km length of prospective drainage

• 1,015 km2 of tenements

AEM Channel 15 over topography

Ponton Project

AEM Channel 15 over topography Conductivity Depth Image cross section

Target

Ponton AEM & CDI’s

Byro Project

•250km NE of Geraldton

•600km north of Perth

•Covers the Murchison River valley and

underlying palaeo-valley.

Unexplored

Airborne Magnetics / Radiometrics flown

by WA Government in 2008.

•Enterprise high resolution airborne

mag/rad survey in 2011.

•Enterprise Airborne EM (AEM) survey in

2012.

•Palaeo-channel targets defined by AEM.

Drilling planned to test targets

Uranium Source

• Radioactive granites in catchment

Transport

• Major dry river bed with large

catchment

Economic Models

• Uranium deposited in sands

• Uranium deposited in calcrete

Large Land Holding

• > 170 km length of anomalous

surficial uranium

• 1,694 km2 of tenements

High Clip Uranium(Red) over

Topography and AEM Channel 15

Byro Project

Inland Delta

Byro uranium project

Inland Delta

Late Time Channel AEM over DTM Google Earth

Byro Project

AEM Conductivity Depth Image

Red – Conductive

Blue - Resistive

Inland Delta

Byro Project

Parts of Byro are within 70km

radius of planned Murchison

Square Kilometre Array (SKA)

Radio transmission management

plan (“RQMP”) approved,

includes drilling.

POW approved

RMP approved

Heritage clearance underway

EIS Grant of $74,900

Byro Project

• 300km north of Perth • Covers the Moore River valley and underlying palaeo-valley

Unexplored • Airborne Mag/Rad flown by WA Government in 2012

• Enterprise AEM survey in 2012

defined palaeo-channel targets

• Drilling planned for late 2014

Peranbye Project

Uranium Source

• Radioactive Archaean granites

Transport

• Major river system with large

catchment

Economic Models

• Uranium in Sand/Sandstone & Calcrete

Highly Prospective

• Surficial grab samples up to 846 ppm uranium

Large Land Holding

• 1,490 km2 of tenements

High Clip Uranium (red) over Topography

Peranbye Project

Plan of high clip uranium

(red) over topography

Conductivity Depth

Image cross section

Peranbye Project

Conductivity depth image cross section Hot Chocolate Prospect

Plan of eU₃O₈ values on satellite image

Conductivity Depth Image cross section

Plan of uranium (red) over topography

Peranbye Project

•400km north of Perth

•Area: 130km²

•Covers the Salt River valley and

underlying palaeo-valley

•Unexplored until recently

•Enterprise high resolution airborne

mag/rad survey in 2010.

New uranium province found by Enterprise

Yalgoo Project

Uranium Source

• Radioactive Archaean granites

Transport

• Major drainage system with large

catchment area

Economic Models

• Uranium deposits in

Sand/Sandstone

• Uranium deposits in Calcrete

Large Land Holding

• > 25 km length of prospective

drainage

Yalgoo Project

• Drilling results encouraging with

grades >400ppm eU₃O₈

• Many surface samples with

>200ppm eU₃O₈

Radiometric Image with

drill hole locations Plan of Muggaburna Uranium Deposit

Muggaburna Deposit

• Enterprise is using extensive, free, Western Australian government provided

pre-competitive data to identify new exploration projects and opportunities.

• High grade mineralisation at or near surface over deep palaeo-channels.

• Improved Airborne EM technology being used to map palaeo-channels along

ancient river valleys.

• Low-sovereign risk jurisdiction with advanced uranium mine developments.

• Experienced management and skilled technical team.

Summary

Disclaimer

This document has been prepared by Enterprise Uranium Ltd (“Enterprise” or “the Company”) to provide an update on the Company’s Projects to

investors and potential new shareholders. This presentation should be read in conjunction with other public announcements and reports (including

financial reports and disclosure documents) released by Enterprise. Any statements, opinions, projections, forecasts or other material contained in this

document do not constitute any commitments, representations or warranties by Enterprise and associated entities or its directors, agents and

employees. Except as required by law, and only to the extent so required, directors, agents and employees of Enterprise shall in no way be liable to any

person or body for any loss, claim, demand, damages, costs or expenses of whatsoever nature arising in any way out of, or in connection with, the

information contained in the document.

This document includes certain statements, opinions, projections, forecasts and other material, which reflect various assumptions. The assumptions may

or may not prove to be correct. Recipients of the document must make their own independent investigations, consideration and evaluation of the

opportunity to invest in the Company. By accepting this document the recipient agrees that if it proceeds further with its investigations, consideration or

evaluation of the opportunity to invest in the Company it shall make and rely solely upon its own investigations and inquiries and will not in any way rely

upon the document.

Competent Persons Statement

The information in this presentation that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Dermot

Ryan, a Fellow of the Australasian Institute of Mining & Metallurgy. Dermot Ryan is an employee of consulting company Xserv Pty Ltd and Director of the

Company.

Dermot Ryan has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which

he is undertaking to qualify as a ‘Competent Person’ as defined in the 2012 Edition of the ‘Australian Code for Reporting of Exploration Results, Mineral

Resources and Ore Reserves’. Dermot Ryan consents to the inclusion in this report of the matters based on his information in the form and context in

which it appears.

Important Information