2023-10-30_PERMIT FILE - P2023018

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PROPERTY SWAP AGREEMENT THIS PROPERTY SWAP AGREEMENT (the "Agreement') is made this 19th of April, 2022 (the"Effective Date') BETWEEN: ANFIELD ENERGY INC., a British Columbia corporation with an office at 4390 Grange Street, Suite 2005, Burnaby, BC, V5H IP6("Anfield"); AND: ARH WYOMING CORP. ("ARH Wyoming"); AND: HIGHBURY RESOURCES INC. ("Highbury", and together with ARH Wyoming and Anfield Energy, the "Anfield Parties"); AND: URANIUM ENERGY CORP., a Nevada corporation with an office at 1030 West Georgia Street, Suite 1830, Vancouver, BC, V6E 2Y3 ("UEC"); (and the Anfield Parties and UEC are collectively referred to as the"Parties"and individually as a"Party"). WHEREAS: A. ARH Wyoming and Highbury are wholly-owned subsidiaries of Anfield; B. The Parties have simultaneously entered into a debt settlement agreement,dated April 19, 2022, (the"Settlement Agreement"). Under the terms of the Settlement Agreement the Parties have agreed to enter into this Agreement to effect an exchange of mining properties; C. Anfield owns, through ARH Wyoming, 1,689 unpatented mining claims located in the Albany, Campbell, Carbon, Converse, Crook, Fremont, Johnson, Natrona and Sweetwater Counties located in the State of Wyoming, as more particularly described in Part 1 of Schedule "A" which is attached hereto (collectively, the "Anfield Mining Claims"), and 38 state mineral leases located in Campbell, Carbon, Converse, Fremont, Johnson, Natrona and Sweetwater Counties located in the State of Wyoming, as more particularly described on Part 2 of Schedule"A"(collectively,the"Anfield Leases", and together with the Anfield Mining Claims,the"Anfield Leases& Claims'); D. The Anfield Parties desire to transfer their interests in the Anfield Leases & Claims to UEC, and UEC desires to acquire such interests on the terms and conditions set out in this Agreement;