U3O8 Corp. Closes Non-Brokered Private Placement for Gross Proceeds of $622,625

Toronto, Ontario – November 4, 2015 – U3O8 Corp. (TSX:UWE, OTCQX: UWEFF, SSE: UWECL) (“U3O8 Corp.” or the “Company”) announces that, further to its news release of October 19th, 2015, regarding a non-brokered private placement for $600,000, the placement has closed for gross proceeds of $622,625 from the sale of 24,905,000 units (“Units”) at $0.025 per Unit (the “Offering:”). Each Unit consists of one common share of U3O8 Corp. (“Share”) and one Share purchase warrant (“Warrant”). Each Warrant entitles the holder to purchase one Share at an exercise price of $0.035 for a period of 36 months from the closing date. The securities issued and issuable pursuant to the Offering will be subject to a statutory 4-month hold period from the date of issuance.