1. An Emerging UraniumAn Emerging Uranium
Development CompanyDevelopment Company
Roadshow Presentation
November 2005

2. Some of the statements contained in this presentation are forward-looking
statements, such as estimates and statements that describe future plans,
objectives or goals, including words to the effect that High Plains expects a
stated condition or result to occur. Since forward-looking statements
address future events and conditions, by their very nature they involve
inherent risks and uncertainties. Actual results relating to among other
things, reserves, resources, results of exploration, reclamation and other
post-closure costs, capital costs and mine production costs could differ
materially from those currently anticipated in such statements by reason of
factors such as changes in general economic conditions and conditions in
the financial markets, changes in demand and prices for the minerals,
litigation, legislative, environmental and other judicial, regulatory,
technological and operational difficulties encountered in connection with
mining activities, labor relations matters, costs and changing foreign
exchange rates. This list is not exhaustive of the factors that may affect any
of the forward-looking statements contained in this presentation. These and
other factors should be considered carefully and readers should not place
undue reliance on such statements. Unless otherwise indicated, all amounts
are expressed in Canadian dollars.
Forward Looking
Statements
2

3. Issuer High Plains Uranium, Inc.
Offering Size $25,000,000 - $35,000,000
Offering Price $1.25 - $1.75 per Common Share
Over-Allotment
Option
15%; exercisable for 60 days from closing
Use of Proceeds
Eligibility Eligible for RRSPs, RESPs, RRIFs and DPSPs in all provinces
Listing An application will be made to list the Common Shares for trading on
the Toronto Stock Exchange
Pricing Week of November 7, 2005
Closing Week of November 14, 2005
Terms of the Offering
For details, please refer to the Amended and Restated Preliminary Prospectus of High Plains Uranium, Inc. dated October 14, 2005
Allemand Ross Project Approx. $12 MM
Swinney Switch Project Approx. $9 MM
Acquisition and development of additional uranium
opportunities
$ ▪
Working capital and general corporate purposes $ ▪
TOTAL $ ▪
3

4. Acquire large, previously explored uranium resourcesAcquire large, previously explored uranium resources
with prior resource calculations in Wyoming, Texaswith prior resource calculations in Wyoming, Texas
and other jurisdictions where more rapid permitting isand other jurisdictions where more rapid permitting is
possible, with the goal of entering into production atpossible, with the goal of entering into production at
the earliest possible opportunitythe earliest possible opportunity
The Opportunity
Since its formation in mid-2004, High Plains hasSince its formation in mid-2004, High Plains has
acquired 6.8 million pounds of historical uraniumacquired 6.8 million pounds of historical uranium
resources within a potentially larger global resourceresources within a potentially larger global resource
High Plains is rapidly advancing its existing projectsHigh Plains is rapidly advancing its existing projects
and targeting acquisitions of additional high-impactand targeting acquisitions of additional high-impact
uranium prospects, principally in Wyoming and Texasuranium prospects, principally in Wyoming and Texas
4

5. Investment Highlights
Rapidly advancing in-situ-leach (ISL) uranium projects in Wyoming andRapidly advancing in-situ-leach (ISL) uranium projects in Wyoming and
TexasTexas
Significant resources at principal projects in Wyoming (Allemand Ross) andSignificant resources at principal projects in Wyoming (Allemand Ross) and
Texas (Swinney Switch)Texas (Swinney Switch)
Knowledgeable and experienced Management Team supported by a strongKnowledgeable and experienced Management Team supported by a strong
Board of DirectorsBoard of Directors
Wyoming and Texas have several producing ISL uranium mines:Wyoming and Texas have several producing ISL uranium mines:
mitigates permitting riskmitigates permitting risk
Strongest uranium market in a generation: spot price at US$33/lbStrongest uranium market in a generation: spot price at US$33/lb
Acquired leases totaling over 36,000 acres of high-impact uraniumAcquired leases totaling over 36,000 acres of high-impact uranium
prospects with extensive drill patterns showing presence of uranium andprospects with extensive drill patterns showing presence of uranium and
historical resource calculationshistorical resource calculations
Significant financial flexibility + no debtSignificant financial flexibility + no debt
5

6. Knowledgeable and experienced Management
Team supported by a strong Board of Directors
Management
Jim Baughman
President & Chief Executive Officer
25 years of mining experience; manager for MK
Gold Company from 1996 – 2001; uranium
experience with Western Nuclear, Inc. in Wyoming
John Ryan
Chief Financial Officer
Cadence Resource, Metalline Mining, Western
Goldfields
Dan Gorski
Vice-President, Operations
35 years in uranium, base and precious metals
exploration, development and operations, primarily
in Mexico, Texas, and the western U.S.
Board of Directors
Bobby Cooper
Chairman
Former Chairman & CEO, Kennecott
Howard Crosby
Director
25 years of mining industry experience; former Vice President of UNC Nuclear
Industries; President of Crosby Enterprises, Inc., and President and Chief
Executive Officer of Cadence Resources Corporation
Kurt Hoffman
Director
10 years experience in all phases of mining; President and director of Sundance
Diamonds Corp.; founder of Trend Mining Company
Ishiung Wu
Director
Directorships and senior management positions with Trend Mining Company, IW
Exploration Co., General Minerals Corporation, Exxon and Chevron. M.A. (1971)
and Ph.D. (1975) in economic geology from Harvard University
James A. Knox
Director
45 years of experience in the mining industry. Former principal of James A. Knox
and Associates, Inc.; former President and Chief Executive Officer of USMX, Inc.
Philip S. Martin
Director
Experience in the mining industry as well as mining finance (TD Securities) and
research; former consultant engineer with Dames & Moore
Management &
Board of Directors
6

7. Rapidly Advancing ISL Uranium
Projects in Wyoming and Texas
All the Properties Were Drilled Extensively in the Last Uranium Bull Market
In-Situ-Leach Properties located in Wyoming and Texas Where Uranium Production
Currently Exists and the Permitting Process is Straightforward and Relatively Faster
than in Other States
High Plains Has Secured a Significant Resource of Uranium in the Continental
United States – Previously-Drilled, Mineralized Uranium Properties
Inventory In The GroundInventory In The Ground
Rapidly advancing ISL uranium projects in Wyoming andRapidly advancing ISL uranium projects in Wyoming and
TexasTexas
Low-Risk StrategyLow-Risk Strategy
7

8. High Plains’
Principal Projects
8

9. Allemand Ross
Wyoming
9
0 1 0 0 0 2 0 0 0 3 0 0 0 5 0 0 0
fe e t
4 0 0 0
A L L E M A N D
U S
H P U p r o p e r t y
A lle m a n d s u r fa c e r ig h t s
D r i ll h o le
D r i ll h o le , m i n e r a l iz e d
D r i ll h o le , p r o p o s e d
D e p o s i t
R o ll fr o n t
S u r fa c e b o u n d a r y
S u r fa c e o w n e r
M in e r a l o w n e r
L e g e n d
M a y 2 0 0 5
N
H ig h P la in s U r a n iu m I n c o r p o r a t e d
A lle m a n d R o s s - S a n d D r a w , B e a r C r e e k
C o n v e rs e C o u n ty, W y o m in g , U .S . A .
1 1 1 2 7 8
1 71 81 31 4
2 3 2 4
1 9 2 0
U S
A R 7 7 7 9
A R 8 1 - 9 4
D A R B Y
U S - H P UA R 9 5 - 1 0 6
M o o r e - H P U
U S - H P U
M o o r e - H P U
M o o r e - H P U
U S - H P U
W Y
A R 1 0 9 - 1 1 2
M o o r e - H P U
U S
M o o r e - H P U
M o o r e - H P U
A R 4 7 - 5 0
1 0 7 1 0 8
M o o r e - H P U
U S - H P U
5 1 - 5 4
U S - H P U
U S - H P U
U S - H P U
U S - H P U
H P U 1 - 4 6
D I L T S
U S - H P U
M o o r e - H P U
M o o r e - H P U
D I L T S
D I L T S
A R 5 9 - 6 8
7 9 , 8 0
M o o r e - H P U
U S - H P U
N O IT L
N O I T L
A L L E M A N D
U S
N O IT LA L L E M A N D
U S
A L L E M A N D
U S
N O I T L
A L L E M A N D
U S
A L L E M A N D
A L L E M A N D
A L L E M A N D
U S N O I T L
A L L E M A N D
U S
W Y. D R IS C O L L
N O I T L
N O I T L
N O IT L
A L L E M A N D
U S
A L L E M A N D
U S
A L L E M A N D
A L L E M A N D
U S
U S
456
3 1 3 2 3 3
T 3 9 N
T 3 8 N
R75W
R74W
N O I T L
A L L E M A N D
U S A L L E M A N D
A L L E M A N D
A L L E M A N D
U S
N O I T L
U S
U S
N O I T L
F E E
A L L E M A N D
N O I T L
2 5 3 0 2 9 2 8
2 1
1 6
3 6
1
7 8 9
1 2
W Y D R IS C O L L
B e a r C r e e k
S a n d D r a w
M o o r e -H P U
M o o r e /B o ll e y - H P U
S p e a r h e a d - H P U
S p e a r h e a d - H P U
M o o r e -H P U
M o o r e /B o ll e y - H P U

10. Swinney Switch
Texas
10

11. Extensively Drilled
Principal Projects
Allemand Ross – Powder River Basin, Wyoming
Property Surface Rights Mineral Rights Federal Lode Claims Pounds
Sand Draw 2,765 acres 1,172 acres 1,593 acres Indicated 970,000 Recoverable Pounds
Inferred 3,790,000 Recoverable Pounds
Bear Creek 2,796 acres - 876 acres Inferred 827,700 Recoverable Pounds
Total 5,561 acres 1,172 acres 2,469 acres Indicated 970,000 Recoverable Pounds
Inferred 4,617,700 Recoverable Pounds
Previous Exploration Conoco, Power Reactor and Nuclear Fuel Development Corp.
Swinney Switch – Gulf Coast Uranium Province, Texas
Property Surface Rights Mineral Rights Federal Lode Claims Pounds
Wallace Ranch 3,144 acres 2,050 acres - 1,200,000 In-Situ Pounds
Seager-Salvo 475 acres 475 acres - -
Johnson 605 acres 726 acres - -
Total 4,224 acres 3,251 acres - 1,200,000 In-Situ Pounds
Previous Exploration TXO Minerals
Total
Surface Rights Mineral Rights Federal Lode Claims Pounds
9,785 acres 4,423 acres 2,469 acres Indicated 970,000 Recoverable Pounds
Inferred 4,617,700 Recoverable Pounds
1,200,000 In-Situ Pounds
6,787,700 lbs.11
For further details, please see Amended and Restated Preliminary Prospectus dated October 14, 2005

12. North
Platte
Le Bar-
Hall
Ruby
Ranch
Reno
Creek
Red
Desert
Gas
Hills
Brelum Cadena
Acreage* 8,920 3,760 3,640 1,360 13,160 4,420 Optioned 894
Location Wyoming Wyoming Wyoming Wyoming Wyoming Wyoming Texas Texas
Previous
Exploration
UNC,
Kerr-
McGee
and
others
JV
between
Denison
Mines,
Cabot,
Pioneer
Nuclear
Cleveland
Cliffs,
TVA,
Texas
Eastern
Nuclear
Rocky
Mountain
Energy
(previously
delineated)
Conoco,
Kerr
McGee,
Texas
Gulf Oil,
Exxon
Pathfinder
Mines,
Union
Carbide,
Western
Nuclear,
American
Nuclear
Mobil Oil,
Coastal
States
Energy
N/A
Historical
Resources √ √ √ √ √ √ √ √
* Acreage includes surface rights, mineral rights and federal claims
Additional High-Impact
Prospects
Over 36,000 acres of high-impact uranium prospects
12

13. Milestones Achieved
In just 14 months, High Plains has…In just 14 months, High Plains has…
Successfully completed private placements towards the acquisition of
the Allemand Ross and Swinney Switch properties plus its numerous
prospects
Commissioned and obtained a preliminary 3rd party assessment study
(NI 43-101 Technical Report) on Allemand Ross and Swinney Switch by
Micon International
Built a portfolio of high-impact projects, including numerous properties
in the prolific Powder River Basin of Wyoming and Gulf Coast Uranium
Province of Texas
Assembled its core Management Team and established a Board of
Directors with extensive uranium industry experience
13

14. Growth Strategy
Following its IPO, High Plains intends to…Following its IPO, High Plains intends to…
Consolidate its Wyoming and Texas properties as well as close on the
acquisition of a number of other attractive uranium prospects
Complete engineering studies and core drilling at Allemand Ross and
Swinney Switch to be followed by feasibility studies
Negotiate participation/production contracts with nuclear utilities
Actively seek a radioactive material license in Texas - a critical step
towards facilitating production at its properties there
14

15. Strongest Uranium
Market in a Generation
$0
$5
$10
$15
$20
$25
$30
$35
$40
$45
69 71 73 75 77 79 81 83 85 87 89 91 93 95 97 99 01 03 05
US$/lbUranium
X Low Uranium PricesLow Uranium Prices
X Few Greenfields ProjectsFew Greenfields Projects
 ““Tight” MarketTight” Market
 Primary Supply << DemandPrimary Supply << Demand
 Rapidly Rising PricesRapidly Rising Prices
OilShock
Supply
Shortage
Inventory Drawdown
Source: NUEXCO
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
180,000
200,000
220,000
2005E 2006E 2007E 2008E 2009E 2010E 2011E 2012E 2013E 2014E 2015E
MMLbs.ofUranium
Forecast Uranium Mine Production Forecast Uranium Demand
Source: Paladin Resources, Research Capital
Rising uranium pricesRising uranium prices
resulting from …resulting from …
... growing projected... growing projected
supply deficit from minesupply deficit from mine
productionproduction
Uranium Spot PriceUranium Spot Price
Forecast Uranium Mine Supply v. DemandForecast Uranium Mine Supply v. Demand
15

16. Uranium producers (ex. Cameco, Denison, ERA, Cogema)Uranium producers (ex. Cameco, Denison, ERA, Cogema)
currently trade at approximatelycurrently trade at approximately C$13.00/lb.C$13.00/lb.
Near-producers (ex. Paladin Resources, SXR Uranium One)Near-producers (ex. Paladin Resources, SXR Uranium One)
currently trade at approximatelycurrently trade at approximately C$4.50/lb.C$4.50/lb.
Explorers (ex. Energy Metals, Maple Minerals, StrathmoreExplorers (ex. Energy Metals, Maple Minerals, Strathmore
Minerals, Uranium Power, Western Prospector) currentlyMinerals, Uranium Power, Western Prospector) currently
trade at approximatelytrade at approximately C$3.00.C$3.00.
On a resource multiple (Enterprise Value/lb. of resource) …On a resource multiple (Enterprise Value/lb. of resource) …
Assuming a C$30 MM initial public offering at C$1.50, HighAssuming a C$30 MM initial public offering at C$1.50, High
Plains will have an Enterprise Value of ~ C$53 MM (US$45 MM)Plains will have an Enterprise Value of ~ C$53 MM (US$45 MM)
Assume USD/CAD = 0.85
Valuation
16

17. 1
EV = Market Cap + Long Term & Short Term Interest Bearing Debt + Preferred Shares - Cash & Equivalents
2
Assumptions used for converting Market Cap. and Enterprise Value to USD for calculating EV/lb Reserve + Resource, Mkt. Cap./lb Reserve + Resource:
CAD/AUD = 0.90, CAD/EUR = 1.40, CAD/USD = 1.20
3
Pro-forma for the merger of Southern Cross Resources and Aflease Resources announced July 5, 2005 subject to closing by year-end 2005.
* In-situ-leach uranium extraction method
** URASIA share price is proposed IPO price
Outliers not included in calculation of averages
Source: Research Capital Corporation estimates
Comparables
17
Share Price Market Enterprise EV / Producible Mkt. Cap. Producible /
Ticker 2-Nov-05 Cap. (mlns) Value (mlns)
1
lb2
(C$) lb2
(C$)
Explorers
CANALASKA VENTURES CVV $0.36 $16 $12 $1.61 $2.20
ENERGY METALS * EMC $3.10 $80 $59 $2.26 $3.07
MEGA URANIUM LTD MGA $2.96 $90 $82 $3.90 $4.27
RODINIA MINERALS RM $0.96 $10 $9 $0.94 $1.03
STRATHMORE MINERALS STM $1.43 $73 $50 $1.11 $1.62
TRIEX MINERALS TXM $2.05 $18 $14 $3.48 $4.37
UEX UEX $3.87 $655 $603 $12.73 $13.83
URANIUM POWER UPC $0.40 $24 $20 $3.21 $3.90
WESTERN PROSPECTOR GROUP WNP $4.89 $183 $160 $6.94 $7.93
Average $2.93 $3.55
Near-Producers
PALADIN RESOURCES PDN AUD 1.97 AUD 800 AUD 761 $6.23 $6.55
SXR URANIUM ONE
3
* SXR $1.15 $430 $426 $2.93 $2.95
Average $4.58 $4.75
Producers
AREVA (COGEMA) CEI € 397.00 € 14,071 € 14,487 $20.00 $19.42
CAMECO CCO $59.40 $10,335 $10,748 $11.18 $10.75
DENISON MINES DEN $13.15 $336 $330 $12.58 $12.81
ENERGY RESOURCES OF AUSTRALIA ERA AUD 12.90 AUD 1,843 AUD 1,799 $3.87 $3.96
INTERNATIONAL URANIUM IUC $5.95 $485 $474 $9.66 $9.90
URANIUM RESOURCES * URIX $0.70 $94 $82 $1.82 $2.09
URASIA ENERGY *,
** N/A $1.80 $660 $87 $0.30 $2.28
Average $13.35 $13.22

18. Capitalization
CapitalizationCapitalization
Common Shares Outstanding 40,843,557
Common Shares Issued in IPO* 20,000,000
Basic Common Shares Outstanding Post-IPO 60,843,557
Options 1,050,000
Warrants 6,717,200
Fully Diluted Common Shares Outstanding Post-IPO 68,610,757
Based On a $30 MM IPO, Management & Board Would Beneficially Own
Approximately 10% of the Common Shares Outstanding On a Fully Diluted Basis
* Assumes $30,000,000 issue at $1.50 per share
18