Cantor Fitzgerald Initiates Research Coverage on Azarga

GREENWOOD VILLAGE, COLORADO--(Marketwired - July 23, 2015) - AZARGA URANIUM CORP. (TSX:AZZ)(OTC PINK:PWURF)(FRANKFURT:P8AA) ("Azarga" or the "Company") announces that Cantor Fitzgerald Inc. ("Cantor Fitzgerald") has initiated equity research coverage on Azarga.

The Company may not be able to formally distribute the new research report because it may appear that Azarga is endorsing the report's facts, assumptions and recommendations. Please contact Cantor Fitzgerald directly if you would like to receive a copy.

Cantor Fitzgerald's report has been prepared by Rob Chang (rchang@cantor.com / +1 416 849 5008) and Michael Wichterle (mwichterle@cantor.com / +1 416 849 5005).

Azarga will update its website to include the names and details of independent analysts covering the Company as and when we become aware of them.

The Company's latest investor presentation is also available on its website at: http://azargauranium.com/wp-content/uploads/page/AZZ-IP-201506_Final.pdf

About Azarga Uranium Corp.

Azarga is a mineral development company that owns six uranium projects, deposits and prospects in the USA (South Dakota, Wyoming and Colorado) and Kyrgyzstan together with investment holdings in Anatolia Energy Limited (ASX:AEK) (12% legal ownership) and Black Range Minerals Limited (ASX:BLR) (19% legal ownership). The Dewey Burdock Project in South Dakota is the main initial development priority, which has received its Nuclear Regulatory Commission License and is in the process of completing all other major regulatory permit approvals necessary for operation of the project including those from the Environmental Protection Agency and the South Dakota Department of Natural Resources.

For more information please visit www.azargauranium.com.

Follow us on Twitter at @AzargaUranium.

AZARGA URANIUM CORP.

Alexander Molyneux, CEO

Disclaimer for Forward-Looking Information

Certain statements in this news release or in links set out in this press release are forward-looking statements, which reflect the expectations of management regarding its disclosure and amendments thereto. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions, which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including without limitation: (1) the risk that such statements may prove to be inaccurate and (2) other factors beyond the Company's control. These forward-looking statements are made as of the date of this news release and, except as required by applicable securities laws, the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements. Additional information about these and other assumptions, risks and uncertainties are set out in the "Risks and Uncertainties" section in the Company's most recent MD&A filed with Canadian security regulators.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release.