Toronto, Ontario – August 03, 2017 – U3O8 Corp. (TSX: UWE), (OTCQB: UWEFF) (“U3O8 Corp.” or the “Company”) is pleased to provide an update on activities since its Annual and Special Meeting (“ASM”) held on June 22, 2017, that includes: The closing of the Existing Shareholder Prospectus Exemption (“ESPE”) financing announced on June 27, 2017; Next steps in the stock consolidation that was approved by shareholders at the Company’s recent ASM; Update on metallurgical test work that has been concluded in Australia; and A note on the recent surge in vanadium prices.