Mr. Richard Spencer reports

U3O8 CORP. MAKES CLARIFICATION TO PRESS RELEASE ISSUED ON JANUARY 30, 2018

U3O8 Corp. wishes to clarify information provided in its Jan. 30, 2018, press release. The framework through which a Russian state-owned uranium producer may invest up to $250-million (U.S.) in the exploration for, and development of, uranium deposits amenable to in situ leach in Argentina was signed by three parties: the Argentine Foreign Ministry on behalf of the Argentine Minister of Science, Technology and Productive Innovation, the Uranium One Group and UrAmerica Argentina SA.

About U3O8 Corp.

U3O8 is focused on exploration and development of deposits of uranium and battery commodities in South America. The company's mineral resources estimates were made in accordance with National Instrument 43-101 and are contained in three deposits:

• Laguna Salada deposit, Argentina: A PEA (preliminary economic assessment) shows this near-surface, free-digging uranium-vanadium deposit has low production-cost potential.
• Berlin deposit, Colombia: A PEA shows that Berlin also has low-cost uranium production potential due to revenue that would be generated from byproducts of phosphate, vanadium, nickel, rare earths (yttrium and neodymium) and other metals that occur within the deposit.
• Kurupung deposit, Guyana: A uranium resource has been estimated in four veins within a uranium-zirconium vein system.

We seek Safe Harbor.