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Alligator Energy QUARTERLY ACTIVITIES REPORT FOR QUARTER ENDED 31 March 2021 Highlights Alligator Energy Limited ( " Alligator ” , “ AGE ” or the “ Company ” ) is pleased to release the 31 March 2021 Quarterly Report . Uranium • • Successful high - resolution ground magnetics trial at the Samphire Project Blackbush resource Draft Exploration Program for Environment Protection and Rehabilitation ( E - PEPR ) completed for planned Samphire Project drilling and testwork targeted for Q3 2021 Contractors secured for Big Lake Uranium ( BLU ) airborne EM survey scheduled for May 2021 , co - funded through SA Department for Energy and Mining ( DEM ) ADI program Notice to grant Nabarlek North licences received expanding AGE'S Alligator Rivers granted uranium exploration foothold by 80 % Energy Minerals Active dialogue continues with interested strategic partners over Piedmont Ni Co ( Cu Au ) project Corporate • Cash balance at quarter end of $ 2.1M • Significant increase in uranium equity values and firming spot price due to very positive nuclear policy initiatives from the US , in particular the support for new nuclear power technologies This was combined with active purchasing of uranium reserves by uranium funds and developers Plans for the forthcoming quarter • • • • Samphire Project extended ground magnetics survey and conduct passive seismic program . Alligator Energy ABN 79140575604 Suite 2 128 Bowen Street Spring Hill , QLD 4000 Ph : ( 07 ) 3839 3904 ASX Code : AGE Number of Shares : 2,354M Ord Shares 125.8M Listed Options 60M Perform Shares 28.8M Unlisted Options Board of Directors : Mr Paul Dickson ( Non Exec . Chairman ) Mr Peter McIntyre ( Non Exec . Director ) Mr Andrew Vigar ( Non Exec . Director ) Mr Greg Hall ( CEO & Exec . Director ) X Submission of a finalised E - PEPR to SA DEM for proposed Blackbush drilling and testwork Undertake BLU co - funded geophysics program and identify future drilling targets Engagement with research specialists to assess potential use of sampling for radiogenic groundwater isotopes across AGE's ARUP projects for vectoring uranium sources Continue discussions on the Piedmont Project with interested strategic investors Continue to pursue future uranium project opportunities in target regions . This strategy continues to be supported by the suppressed uranium production profile and ongoing nuclear power expansion . ALLIGATOR ENERGY QUARTERLY ACTIVITIES REPORT FOR QUARTER ENDED 31 March 2021 1