source material license

Peninsula Energy Limited (Peninsula, the Company) advises that the United States Nuclear
Regulatory Commission has notified the Company that the Programmatic Agreement (PA) for
Section 106 consultations has been forwarded to the Wyoming Attorney General’s office for
formal review and approval.

Section 106 consultations is a process that is designed to ensure that vested historical and
cultural stakeholders are engaged in the development of protocols that are designed to
protect sites of historical and cultural significance that may reside within a project area.

Work on the PA was initiated in October 2013 and its development involved the United States
Nuclear Regulatory Commission (NRC), United States Bureau of Land Management, Advisory
Council on Historic Preservation, Wyoming State Historic Preservation Officer, Consulting Native
American Tribes and Strata Energy Inc.

Once the PA is signed by the signatory parties, NRC staff will be able to issue the Combined
Source and 11e.(2) Byproduct Materials License (SML) for the Lance Central Processing Plant
(CPP) and Ross Permit Area (RPA) to Peninsula’s wholly-owned subsidiary Strata Energy Inc.

Peninsula Executive Chairman Gus Simpson stated, “We are pleased to see the circulation of
the Programmatic Agreement for formal acceptance and we anticipate receiving the Source
Materials License shortly.”