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Wednesday, January 7, 2015

U3O8 Corp. began trading on the Santiago Stock Exchange

Toronto-based company U3O8 Corp started trading on the senior market of the Santiago Stock Exchange in Chile, under the symbol "UWE".

"A listing on the Santiago Stock Exchange reinforces our commitment to South America where we are advancing uranium deposits whose preliminary economic assessments show some of the lowest potential production costs in the industry," said Dr. Richard Spencer, U3O8 Corp's President and CEO.

U3O8 Corp's listing also provides entry onto MILA (the Integrated Latin American Market), an integrated platform on which investors and brokers in Chile, Colombia, Mexico and Peru seamlessly trade shares listed on any of the four markets through their local stock exchange. MILA is the largest financial centre in Latin America with a combined market capitalization of over US$1 trillion.  Hence, U3O8 Corp's shares will be available on any of these stock exchanges and opens up alternative financing opportunities for the company across these major markets.

"This listing will expand our presence in South America by making it easier for local investors to purchase shares in U3O8 Corp., enabling them to participate directly in the growth potential of these assets in their region.  In addition, we gain access to a potential new source of capital through Chile - a country with a long mining history and home to some of the world's consistently top-performing pension funds”, the CEO explained.

U3O8 Corp. is focused on exploration and development of uranium resources and associated commodities in South America. Its project's portfolio includes mineral deposits in Colombia, Argentina, and Guyana

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Main chilean economic news, including macroeconomic information, industry performance and company results of each quarter.

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