NI 43-101 Compliant Uranium, Phosphate & Vanadium Resources on the Berlin Project 

TORONTO - U3O8 Corp. reported NI 43-101 resource estimate on its Berlin Project in Colombia. The resource was prepared by Coffey Mining Pty Ltd based on 82 bore holes for 18,685 metres drilled on the southern three kilometres of the 10.5km mineralized trend at Berlin.

"U3O8 Corp. is pleased to report an initial NI 43-101 resource of such significant size for a suite of commodities that our recently announced metallurgical tests prove can be efficiently extracted from the mineralized rock," said Dr. Richard Spencer, President and CEO. "Our resource drilling has shown that the mineralized unit at Berlin is remarkably continuous over the southernmost 3km of the project. Our path forward is simple: we intend to continue drilling with two rigs - one aimed at exploration drilling to test the additional 7.5km of strike to the north of the resource area that has never been drilled, but where our trenching has encountered similar mineralization. The second rig will focus on expanding the Berlin resource. In addition, we plan to commence a scoping study in 2012."

The mineralized layer in the Berlin Project occurs in a canoe-shaped fold that, in cross-section, has an asymmetric "U"-shape. The mineralized interval lies near the interface between carbonate or sandstone host-rocks and an overlying, black shale unit. Uranium mineralization constitutes a clearly defined, continuous, tabular unit. The tight constraint of uranium to this unit results in minimal change in the size of the resource at various uranium cut-off grades.

Mineralization in other commodities such as vanadium, phosphate and yttrium occur in the uranium-bearing layer as well as in the overlying rock - so these other commodities generally occur in a thicker layer that contains the more confined uranium-bearing layer. The average thickness of the uranium-bearing layer is 3m. This feature of the mineralization means that there is a strong possibility of increasing the resource of the other commodities at Berlin once mining and processing cost parameters have been more definitively established. These costs will initially be estimated in a scoping study, and thereafter, the cut-off value used for resource estimation is likely to be based on a dollar rock-value instead of a specific uranium grade as was used in the current resource estimate.