Toronto, Ontario--(Newsfile Corp. - August 30, 2018) - U3O8 Corp. (TSX: UWE), (OTCQB:
UWEFF) ("U3O8 Corp." or the "Company") announces that it is extending the expiry date (the "Warrant Extension")
and amending the exercise price (the "Amended Exercise Price") of 1,132,500 common share purchase warrants (the
"Warrants") issued pursuant to private placement offerings of the Company.
Warrant Extension and Amendment
The Company and holders of the Warrants have agreed to the Warrant Extension and Amended Exercise Price whereby the Warrants
will expire twelve months from the original expiry dates, and be exercisable into a common share of the Company at $0.50, as
depicted in the table below:
| Issue Date |
Issued
Exercise
Price |
Original
Expiry
Date |
Amended
Expiry
Date |
Amended
Exercise
Price |
Effective
Date |
Original # of
Warrants
Issued |
| September 13, 2016 |
$0.90 |
September 13, 2018 |
September 13, 2019 |
$0.50 |
September 13, 2018 |
1,066,667 |
| October 12, 2016 |
$0.90 |
October 12, 2018 |
October 12, 2019 |
$0.50 |
September 13, 2018 |
65,833 |
None of the Warrants are held by insiders of the Company.
The Toronto Stock Exchange has provided conditional approval for the Warrant Extension and Amended Exercise Price with an
effective date for the amendments of September 13, 2018.
For further information, please contact:
Richard Spencer
President & CEO
U3O8 Corp.
Tel.: (416) 868-1491
richard@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, and (c) 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."
