VANCOUVER, BC–(Marketwired – February 28, 2017) – UEX Corporation (TSX: UEX) (“UEX” or the “Company”) is pleased to announce that it has closed its previously announced flow-through common share offering (the “FT Offering”) with Sprott Capital Partners (“Sprott” or the “Agent”), a division of Sprott Private Wealth LP, for 6,700,000 common shares of the Company, which qualify as “flow-through” shares pursuant to the Income Tax Act (Canada) at a price of C$0.30 per flow-through share. The Company has also closed its additional private placement with Sprott for 15,999,994 units of the Company at a price of C$0.25 per unit (the “Unit Offering”). Each unit consists of one common share of the Company and one common share purchase warrant. Each warrant entitles the holder to purchase a common share of the Company at a price of C$0.42 for a period of three years from the closing of the Unit Offering. The aggregate gross proceeds of the FT Offering and the Unit Offering totalled $6.01 million.