Mr. Larry Lahusen reports

URAVAN ANNOUNCES TERMINATION OF LETTER OF INTENT

The letter of intent, dated July 18, 2019, in respect of a proposed transaction between Uravan Minerals Inc. and Wellness Scientific Inc. has been terminated in accordance with its terms as a result of the proposed transaction not being completed within certain specified time periods.

Uravan will continue to pursue and evaluate other businesses and strategic opportunities and will make further announcements with respect to these efforts as soon as practically possible.

Trading of the common shares of the corporation is expected to resume trading on TSX Venture Exchange, subject to regulatory approval, on or about Jan. 31, 2020. When trading resumes, Uravan will begin trading as a Tier 2 issuer on the TSX-V.

We seek Safe Harbor.