Letter to Shareholders

February 28, 2019

Dear Shareholders,

It is my pleasure to provide you with a brief outline of recent achievements in 2018 and our future plans for 2019. Standard Uranium was incorporated at the end of 2017 but this past year was our first full year in operations and we proudly accomplished the following:

  • Completed seed round of funding in Q1
  • Acquired the Davidson River Project within the Southwest Athabasca uranium district, Saskatchewan
  • Completed start up activities: branding, marketing materials, website etc.
  • Geotech completed VTEM survey on Davidson River Project (identified conductors)
  • Hired Neil McCallum – VP Exploration
  • Assembled our Board of Directors adding Garrett Ainsworth and Blair Jordan
  • Completed initial 43-101 on Davidson River Project
  • Engaged Condor Consultants to provide an interpretation of the VTEM survey data
  • Completed first marketing roadshow – led to second financing in Q4 2018
  • Met with Clearwater Dene First Nations group
  • Staked additional claims (Gunnar Project) within the Northwest Athabasca district
  • Planned the go-public RTO with Vela Minerals which we terminated later in Q4 2018

As we began 2019 our Board of Directors met to confirm our corporate strategy for the upcoming year and the company has determined the following objectives for 2019:

  • Complete our go-public event in Q2 2019 on the TSX-V (Direct listing)
  • Contract Geotech to complete ZTEM survey in Q2 2019
  • Prepare our flagship Davidson River project for drilling – (fully permitted and targets identified through multi-faceted compilation work)
  • Maintain all Saskatchewan exploration claims by completing required exploration work
  • Search for new exploration opportunities and stake additional claims
  • Continue to build relationships with shareholders and uranium investment funds
  • Continue to meet with our Clearwater Dene First Nations partners
  • Position company to raise capital for Davidson River drill program when timing is right

Over the next few months our focus is taking the company public through a direct listing on the TSX-V. We are more than halfway through this process and we are tracking to complete this in the early part of Q2 2019. We continue to progress our Davidson River flagship project and we plan to have it fully permitted with our first drill targets identified by the end of Q3 2019. The question we hear the most often is “when will you drill it?” Our goal is to have the project drill ready so we can drill our targets when the timing is right. We want to wait until the uranium market shows significant positive movement. We also want to ensure we are prudent with our shareholders money and don’t dilute our shareholders by raising funds before our share price has had the opportunity to increase.

Our team at Standard Uranium are confident 2019 will be a great year for our company and our shareholders. As always, please contact me directly should you wish to discuss our company and any of our future plans. I will be attending the PDAC event in Toronto March 3-6 and I would be happy to meet and answer any questions you might have.

Thank you,

Jon Bey – President, CEO, Director

Email:  jbey@standarduranium.ca          
Twitter:@standarduranium