Correction to Press Release entitled U3O8 Corp. Announces Upsizing of Previously Announced C$500,000 Financing to C$1,000,000

Toronto, Ontario – February 16, 2021 – U3O8 Corp. (NEX: UWE.H), (“U3O8” or the “Company”) wishes to correct the press release issued on February 12, 2021. The Company announces that it is increasing the size of the non-brokered private placement of units of the Company (“Units”) originally announced on January 27, 2021 from $500,000, to gross proceeds of up to $1,000,000 (the “Offering”).