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WUC Ranked 8th on 2019 OTCQX Best 50 (January 28, 2019)

Marketing Announcement

January 28, 2019

Western Uranium & Vanadium Corp.

Ranked 8th on 2019 OTCQX Best 50

FOR IMMEDIATE RELEASE

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

(“Western” or the ”Company”) is pleased to announce it finished eighth (8 th) on the 2019 OTCQX® Best 50, a

ranking of top performing companies traded on the OTCQX Best Market.

George Glasier, Western’s CEO , commented, “We are pleased to be recognized by OTC Markets and our

shareholders, who during 2018 confirmed the substantial value of Western’s vanadium/uranium resource and

near-term developed mines. Last year’s efforts have enhanced the Company’s opportunity set by positioning

Western to re-open the Sunday Mine Complex which will catalyze vanadium and uranium operations . We look

forward to a great 2019 and the continued pursuit of enhancing long-term shareholder value.”

The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded on the OTCQX

market. The ranking is calculated based on an equal weighting of one -year total return and average daily dollar

volume growth in the previous calendar year. Companies in the 2019 OTCQX Best 50 were ranked bas ed on their

performance during calendar year 2018. For the complete 2019 OTCQX Best 50 , p lease

visit: https://www.otcmarkets.com/files/2019_OTCQX_Best_50.pdf.

The OTCQX Best Market offers transparent and efficient trading of established, investor- focused U.S. and global

companies. To qualify for the OTCQX market, companies must meet high financial standards, follow best practice

corporate governance, demonstrate compliance with U.S. securities laws and have a professional third -party

sponsor introduction. The companies found on OTCQX are distinguished by the integrity of their operations and

diligence with which they convey their qualifications.

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.

FORWARD LOOKING STATEMENTS AND CAUTIONARY NOTE

This news release may contain forward-looking statements that are based on the Company’s expectations, estimates and

projections regarding its business and the economic environment in which it operates. These statements are not

guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore,

actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers

should not place undue reliance on such statements. Statements speak only as of the date on which they are made.

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]