Uranium rights returned to PNX over NT tenure upon expiry of 10-year third-party
agreement
• Includes the Thunderball uranium deposit and numerous nearby uranium prospects
adjacent to PNX’s Hayes Creek zinc-gold-silver and Fountain Head gold projects
• Numerous drill intercepts at Thunderball exceeded 1% U3O8, including:
o 11.0 m @ 3.4% U3O8 from 144.0 m in TPCDD026,
▪ including 4.6 m @ 8.0 % U3O8, and
o 15.0 m @ 8,633 ppm U3O8 from 135.0 m in TPCRD093,
▪ including 9.0 m @ 1.4 % U3O8,
▪ including 1.0 m @ 11.3 % U3O8
• Potential to generate significant shareholder value through exploration and/or
commercial transaction