Uranium Participation Corporation Reports Financial Results for the Period Ended May 31, 2017

TORONTO, ONTARIO--(Marketwired - June 28, 2017) - Uranium Participation Corporation ("UPC" or the "Corporation") (TSX:U) today filed its Financial Statements and Management's Discussion & Analysis ("MD&A") for the period ended May 31, 2017. Both documents can be found on the Company's website (www.uraniumparticipation.com) or on SEDAR (www.sedar.com). The highlights provided below are derived from these documents and should be read in conjunction with them. All amounts are in Canadian dollars, unless otherwise noted.

Selected financial information:

	May 31, 2017		February 28, 2017
Net asset value (in thousands)	$	407,362	$	462,345
Net asset value per common share	$	3.37	$	3.83
U3O8 spot price(1) (US$)	$	19.25	$	22.25
UF6 spot price(1) (US$)	$	55.55	$	64.00
Foreign exchange noon-rate (US$ to CAD$)		1.3500		1.3248
(1) Spot prices as published by Ux Consulting Company, LLC ("UxC").

Overall Performance

Total equity, or the value of the Corporation's assets minus its liabilities ("Net Asset Value" or "NAV"), decreased by $55.0 million during the three months ended May 31, 2017. This equates to a reduction in the NAV per common share of $0.46.

The net loss for three months ended May 31, 2017, of $55.0 million, was primarily due to unrealized net losses on investments in uranium of $53.8 million and operating expenses partially offset by income from lending and/or relocation of uranium of $1.2 million.

Unrealized net losses on investments in uranium, during the three months ended May 31, 2017, were caused by decreases in the spot prices of U₃O₈ and UF₆, slightly offset by an increase in the U.S. dollar to Canadian dollar exchange rate.