Jaguar Uranium Corp.

Drilling, Sampling & Analytical Protocols

The Mineral Resource Estimate was primarily defined using data from 2,146 historical pits and trenches comprising whole, screened and paired samples. The Qualified Persons considered conventional drilling unsuitable for primary grade estimation because poor core recovery and preferential loss of fine-grained carnotite-bearing matrix may bias samples from the loose gravel host. Data from 57 historical reverse-circulation holes were used only to support interpretations of subsurface geological continuity because air-flushing may have biased the samples. Historical pit and trench sampling generally comprised continuous vertical sidewall channel samples that were analyzed either as whole samples or after screening to the less-than-one-quarter-inch fraction. Sample preparation and analysis were conducted by Alex Stewart Assayers and ALS Chemex using four-acid digestion and ICP-OES, ICP-AES or ICP-MS methods, with an over-limit method used for samples above 10,000 ppm. Area-specific regression formulas were used to convert screened results to estimated in-situ grades, and blocks estimated from derived grades were classified only as Inferred Mineral Resources.