Mr. Govind Friedland reports

GOVIEX INCREASES COST SAVINGS AND ANNOUNCES ISSUANCE OF SHARES IN SETTLEMENT OF COMMITTEE MEMBERS' FEES

Goviex Uranium Inc., in order to preserve its cash for furthering its project activities worldwide, will pay directors' fees owed to certain independent committee members of its board of directors by the issuance of Goviex common shares. Independent directors have forgone fees since March, 2013. A total of 166,668 common shares will be issued to these directors in satisfaction of an aggregate of $20,000 owed to them. The number of shares issued was determined in reference to the closing price of the company's shares (12 cents) on the date the directors' fees became payable.