Toronto, Ontario--(Newsfile Corp. - January 31, 2018) - U3O8 Corp. (TSX: UWE), (OTCQB:
UWEFF) ("U3O8 Corp." or the "Company") wishes to clarify information provided in its January 30, 2018 press release.
The framework through which a Russian State-owned uranium producer may invest up to US$250 million in the exploration for, and
development of, uranium deposits amenable to in situ leach in Argentina, was signed by three parties: the Argentine Foreign
Ministry on behalf of the Argentine Minister of Science, Technology and Productive Innovation, the Uranium One Group and UrAmerica
Argentina SA.
About U3O8 Corp.
U3O8 Corp. is focused on exploration and development of deposits of uranium and battery commodities in South America. Battery
commodities that occur with uranium resources include vanadium, nickel, zinc and phosphate. The Company's mineral resources
estimates were made in accordance with National Instrument 43-101, and are contained in three deposits:
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Laguna Salada Deposit, Argentina — a PEA shows this near surface, free-digging uranium - vanadium deposit has low
production-cost potential;
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Berlin Deposit, Colombia — a PEA shows that Berlin also has low-cost uranium production potential due to revenue that
would be generated from by-products of phosphate, vanadium, nickel, rare earths (yttrium and neodymium) and other metals that
occur within the deposit; and
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Kurupung Deposit, Guyana — a uranium resource has been estimated in four veins within a uranium-zirconium vein
system. Resources have been estimated on four veins, while consistent mineralization of the same type has been intersected in
scout drilling of an additional six veins, while yet other veins require first-time exploration drilling.
Additional Information
For further information, please contact Richard Spencer, President & CEO, U3O8 Corp. Tel.: (416) 868-1491, or by e-mail:
richard@u3o8corp.com
Information on U3O8 Corp., its resources and technical reports are available at www.u3o8corp.com and on SEDAR at www.sedar.com. Follow U3O8
Corp. on Facebook: http://www.facebook.com/u3o8corp, Twitter: http://www.twitter.com/u3o8corp and YouTube: http://www.youtube.com/u3o8corp.
Further details on U3O8 Corp.'s Laguna Salada Deposit and Argentina's electricity generation from large nuclear reactors, as
well as its prototype small modular reactor that represents a prime export opportunity, are available in the Company's Corporate
Presentation accessible on the homepage of our website http://www.u3o8corp.com.
Forward-Looking Statements
This news release includes certain "forward looking statements" related with the development plans, economic potential and
growth targets of U3O8 Corp's projects. Forward-looking statements consist of statements that are not purely historical, including
statements regarding beliefs, plans, expectations or intensions for the future, and include, but not limited to, statements with
respect to: (a) the low-cost and near-term development of Laguna Salada, (b) the Laguna Salada and Berlin PEAs, (c) the potential
of the Kurupung district in Guyana, (d) impact of the U- pgradeTM process on expected capital and operating expenditures, and (e)
the price and market for uranium. These statements are based on assumptions, including that: (i) actual results of our exploration,
resource goals, metallurgical testing, economic studies and development activities will continue to be positive and proceed as
planned, and assumptions in the Laguna Salada and Berlin PEAs prove to be accurate, (ii) a joint venture will be formed with the
provincial petroleum and mining company on the Argentina project, (iii) requisite regulatory and governmental approvals will be
received on a timely basis on terms acceptable to U3O8 Corp., (iv) economic, political and industry market conditions will be
favourable, and (v) financial markets and the market for uranium will improve for junior resource companies in the short-term. Such
statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially
from those contained in such statements, including, but not limited to: (1) changes in general economic and financial market
conditions, (2) changes in demand and prices for minerals, (3) the Company's ability to establish appropriate joint venture
partnerships, (4) litigation, regulatory, and legislative developments, dependence on regulatory approvals, and changes in
environmental compliance requirements, community support and the political and economic climate, (5) the inherent uncertainties and
speculative nature associated with exploration results, resource estimates, potential resource growth, future metallurgical test
results, changes in project parameters as plans evolve, (6) competitive developments, (7) availability of future financing, (8)
exploration risks, and other factors beyond the control of U3O8 Corp. including those factors set out in the "Risk Factors" in our
Annual Information Form available on SEDAR at www.sedar.com. Readers are cautioned that the
assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be
imprecise and, as such, undue reliance should not be placed on forward-looking statements. U3O8 Corp. assumes no obligation to
update such information, except as may be required by law. For more information on the above-noted PEAs, refer to the September 18,
2014 technical report titled "Preliminary Economic Assessment of the Laguna Salada Uranium-Vanadium Deposit, Chubut Province,
Argentina" and the January 18, 2013 technical report titled "U3O8 Corp. Preliminary Economic Assessment on the Berlin Deposit,
Colombia."
