Green Shift Commodities Ltd. (GRCMF)

[Greta Grabo]

$UWEFF U3O8 Corp.'s Laguna Salada Uranium-Vanadium Deposit

Toronto, Ontario--(Newsfile Corp. - May 31, 2018) - U3O8 Corp. (TSX: UWE) (OTCQB: UWEFF) ("U3O8 Corp." or the "Company") reports that geophysical test work showed that electrical tomography ("ET") proved successful as a means of delineating channels at the base of the gravel layer in its Laguna Salada Deposit ("Deposit" or "Project") in Argentina. Gravel-filled channels contain generally higher uranium-vanadium grades and this test work proved that ET can be used to detect the location and depth of channels beneath younger cover.

Geophysical Test Work

The National Instrument 43-101 resource at Laguna Salada was based principally on a one-metre thick layer of uranium-vanadium-bearing gravel that extends from surface to a maximum depth of only three metres. However, exploration that was undertaken after the resource estimate had been completed, revealed that the mineralization extends downward in channels below the average level of the gravel base. These extensions not only increase the contained volume of mineralization, but contain generally higher uranium-vanadium grades, that may result in the estimated cash-cost of production being even lower than for the near-surface material on which the preliminary economic assessment ("PEA") was based (see press release dated February 7, 2017).




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