U3O8 Corp. Shareholders Approved All Matters at Annual & Special Meeting

U3O8 Corp. (TSX VENTURE:UWE)(OTCQX:UWEFF), a Canadian-based company focused on
exploration and resource expansion of uranium and associated commodities in
South America, announced the results of its 2012 Annual and Special Meeting held
earlier today.


A total of 65.2 million shares were represented in person or by proxy at the
meeting, representing about 53% of U3O8 Corp.'s outstanding common shares.
Shareholders of the Corporation approved the following resolutions:




--  the election of Keith Barron, Bryan Coates, David Constable, Sheldon
    Inwentash, Pablo Marcet, Richard Patricio and Stewart Taylor as the
    Corporation's directors for the ensuing year; 

--  the re-appointment of KPMG LLP, Chartered Accountants, as the
    Corporation's auditors; and 

--  the confirmation of the Corporation's stock option plan. 



For further details on each of the above matters, please refer to U3O8 Corp.'s
management information circular dated May 23, 2012 available on its web site at
www.u3o8corp.com or on SEDAR at www.sedar.com.


About U3O8 Corp.

U3O8 Corp. is a Toronto-based exploration company, focused on exploration and
resource expansion of uranium and associated commodities in South America - a
promising new frontier for uranium exploration and development. U3O8 Corp. has
one of the most advanced portfolios of uranium projects in the region comprising
NI 43-101 compliant resources in Guyana, Argentina and Colombia.


Forward-Looking Statements

Certain information set forth in this news release may contain forward-looking
statements that involve substantial known and unknown risks and uncertainties.
These forward-looking statements are subject to numerous risks and
uncertainties, certain of which are beyond the control of U3O8 Corp., including,
but not limited to the impact of general economic conditions, industry
conditions, volatility of commodity prices, risks associated with the
uncertainty of exploration results and estimates and that the resource potential
will be achieved on exploration projects, currency fluctuations, dependence upon
regulatory approvals, and the uncertainty of obtaining additional financing and
exploration risk. Readers are cautioned that the assumptions used in the
preparation of such information, although considered reasonable at the time of
preparation, may prove to be imprecise and, as such, undue reliance should not
be placed on forward-looking statements.