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WUC.CN ·

Department of Energy’s Oak Ridge National Laboratory Visits the Sunday Mine Complex

Corporate Updates

September 19, 2023

Department of Energy’s Oak Ridge National Laboratory

Visits the Sunday Mine Complex

FOR IMMEDIATE RELEASE

Toronto, Ontario and Nucla, Colorado - Western Uranium & Vanadium Corp. (CSE:WUC)

(OTCQX:WSTRF) (“Western” or the ”Company”) is pleased to announce that it hosted a

delegation from the U.S. Department of Energy’s (DOE) Oak Ridge National Laboratory (ORNL)

at its Sunday Mine Complex on Thursday September 14 th. The ORNL is considered among the

world’s premier scientific research institutions and is c harged with solving problems and

creating solutions at the intersection of energy, critical infrastructure, national security, and the

nuclear fuel cycle.

The mines comprising the Sunday Mine Complex are currently the o nly fully ope rational

conventional uranium/vanadium mines in the United States, thus allowing the ORNL to observe

the mining team and equipment required for a full range of mining operations.

Western appreciates all of the work that the DOE and ORNL have done to advance U.S.

domestic nuclear fuel production and their traveling to the Western Slope of Colorado for this

mine tour. We hope to be able to continue to as sist as solutions are implemen ted to resolve

U.S. nuclear fuel cycle bottlenecks. The Company welcomes support for the U.S. uranium

mining industry and its domestic uranium concentrate production. We believe this is imperative

to overcome dependencies upon material sourced from state owned enterprises and less than

friendly countries.

About Western Uranium & Vanadium Corp.

Western Uranium & Vanadium Corp. is a Colorado -based uranium and vanadium conventional

mining company focused on low cost near -term production of uranium and vanadium in the

western United States, and development and application of kinetic separation.

Cautionary Note Regarding Forward -Looking Informati on: Certain information contained in

this news release constitutes “forward -looking information” or a “forward -looking statements”

within the meaning of applicable securities laws (collectively, “forward -looking statements”).

Statements of that nature includ e statements relating to, or that are dependent upon: the

Company’s expectations, estimates and projections regarding exploration and production plans

and results; the timing of planned activities; whether the Company can raise any additional

funds required to implement its plans; whether regulatory or analogous requirements can be

satisfied to permit planned activities; and more generally to the Company’s business, and the

economic and political environment applicable to its operations, assets and plans. All such

forward-looking statements are subject to important risk factors and uncertainties, many of

which are beyond the Company’s ability to control or predict. Please refer to the Company’s

most recent Management’s Discussion and Analysis, as well as it s other filings at www.sec.gov

and/or www.sedar.com, for a more detailed review of those risk factors. Readers are

cautioned not to place undue reliance on the Company’s forward -looking statements, and that

these statements are made as of the date hereof. While the Company may do so, it does not

undertake any obligation to update these forward -looking statements at any particular time,

except as and to the extent required under applicable laws and regulations.

FOR ADDITIONAL INFORMATION, PLEASE CONTACT:

George Glasier Robert Klein

President and CEO Chief Financial Officer

970-864-2125 908-872-7686

[email protected] [email protected]