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WUC Provides Sunday Mine Complex Re-Opening Update (November 28, 2018)

Corporate Updates

November 28, 2018

Western Uranium & Vanadium Provides Sunday Mine Complex Re-opening Update

FOR IMMEDIATE RELEASE

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

(“Western” or the ”Company”) wishes to provide an update regarding its announced re-opening of the Sunday

Mine Complex (“SMC”) to address shareholder questions with respect to Western’s ore processing. Western is

commencing this program with the goals of further defining its large vanadium resource and monetizing that

resource. Western is in discussions with a number of large offshore companies who have the existing facilities to

recover the vanadium contained in the SMC ore. The worldwide shortage of vanadium is impacting many

companies around the world and thus making offtake agreements available for ore production. Initially ore will be

shipped to existing offshore processing facilities with a longer term plan to build facilities in the United States.

Once the SMC is opened, ore samples will be sent to the various interested parties for testing in their facilities.

After testing, Western will negotiate offtake agreements to base load commercial production from the SMC.

As Western advances with its plans for re-opening of the SMC and is able to report on the timing of preparations,

anticipated start dates and other milestones, Western will provide shareholders and investors with further

updates.

In conjunction with the recent name change which reflects the increased importance of vanadium for the

Company and the revised strategic approach to initiating production, Western has made updates to its website

and corporate presentation. Further, a replay of George Glasier’s Silver & Gold Summit 2018 presentation has

been uploaded to the media section of Western’s website. Please visit the Company website located

at www.western-uranium.com for these updates.

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 ablation mining technology.

Cautionary Note Regarding Forward-Looking Information: Certain information contained in this news release

constitutes “forward-looking information” or a “forward-looking statement” within the meaning of applicable

securities laws (collectively, “forward-looking statements”). Statements of that nature include 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 its 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

President and CEO

970-864-2125

[email protected]

Robert Klein

Chief Financial Officer

908-872-7686

[email protected]