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GCOM.V ·

M5C 25 TSX: UWE Canada OCTQB: UWEFF

Corporate Updates

36 Toronto Street T: 416-868-1491

Suite 1050 www.u3o8corp.com

Toronto, ON M5C 25 TSX: UWE

Canada OCTQB: UWEFF

Press release

U3O8 Corp. Announces Amendments to Warrant Terms

Toronto, Ontario – August 30, 2018 – U3O8 Corp. (TSX: UWE), (OTCQX: 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 Septem

ber 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

[email protected]

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 sta tements consist of statem ents that are not purely

historical, including statements regarding beliefs, plans, expe ctations or intensions for the future, and include, but not

limited to, statements with respect to: (a) the low-cost and ne ar-term development of Laguna Salada, (b) the Laguna

Salada and Berlin PEAs, and (c) the price and market for uraniu m. 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 govern mental approvals will be received on a timely basis on

terms acceptable to U3O8 Corp., (iv) economic, political and in dustry market conditions will be favourable, and (v)

financial markets and the market for uranium will improve for j unior 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 f or minerals, (3) the Company’s ability to establish

2

appropriate joint venture partner ships, (4) litigation, regulat ory, and legislative devel opments, dependence on

regulatory approvals, and changes in environmental compliance requirements, community support and the political and

economic climate, (5) the inher ent uncertainties and speculativ e nature associated with expl oration results, resource

estimates, potential resource growth, future metallurgical test results, changes in project parameters as plans evolve,

(6) competitive developments, ( 7) availability of future financ ing, (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 assumpti ons 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 a bove-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.”