Toronto, Ontario – March 23, 2017 – U3O8 Corp. (TSX: UWE), (OTCQB: UWEFF) (“U3O8 Corp.” or the “Company”) reports on progress achieved in the quarter towards driving down production cost estimates on its priority project, the Laguna Salada Deposit in Argentina. The Company also reports that it has decided, under IFRS rules, to write down the value of its Colombian deposit in its 2016 year-end financial statements. This is an accounting measure that reflects the limited work undertaken in Colombia under the difficult conditions in the uranium resource sector over the last three years, while available funds have been focused on advancing the Laguna Salada Deposit in Argentina.