Uranium Standard Provides Corporate Update

Vancouver, British Columbia June 16, 2015 – Uranium Standard Resources Ltd. (USR:TSX.V; USTDF: OTCQB) (“Uranium Standard” or the “Company”) is pleased to provide a Corporate update to its shareholders.

In consideration of adverse market conditions, the Company has chosen not to proceed with the acquisition of the Marquez Uranium Project. While the board remains convinced that its strategy of acquiring advanced uranium assets as a mid to long term investments is both relevant and practicable, a sustained deficiency in the capital markets has created a significant downdraft, impeding its execution.

Until such time as the Company is successful in sourcing acquisition capital, it will continue to advance its prospective uranium projects in the Athabasca Basin: Wheeler Lake, Bernick Lake and Whitford Lake. On the heels of successful exploration programs, several junior explorers have recently met with great success in the basin, most notably Fission and Nexgen. Investors have been rewarding these successful programs by providing excellent access to exploration capital.

In addition, the Company has accepted the resignation of Canon Bryan from the position of CFO and the board takes this opportunity to thank him for his efforts and to wish him success in his future endeavors. The Company has appointed Richard Ko as the interim Chief Financial Officer.

On Behalf of the Board of Directors of Uranium Standard Resources Ltd.

Arni Johannson Arni Johannson, President and CEO

Uranium Standard Resources Ltd.

[email protected] www.UraniumStandard.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Uranium Standard Resources Ltd., 242 – 515 West Pender Street, Vancouver, BC, Canada, V6B 6H5 W. www.uraniumstandard.com E. [email protected] T. +1 (604) 563-2477

[ 1 ]