GoviEx Uranium Inc.
CNSX : GXU

GoviEx Uranium Inc.

June 30, 2015 16:13 ET

GoviEx Uranium Files Its Mining Permit Application for the Madaouela Uranium Project in Niger

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 30, 2015) - GoviEx Uranium Inc. (CSE:GXU) announced today that the Mining Permit application for the company's Madaouela Uranium Project in the prolific Arlit uranium-mining district of northern Niger has been filed with the Government of Niger.

"Filing the mining permit application is a key step in the mine development process," said Daniel Major, GoviEx's Chief Executive Officer.

"We are maintaining a bullish long-term view for nuclear reactor builds as part of the solution required to combat global air pollution, particularly in Asia, and the Madaouela Project has the potential to supply the market when market conditions improve."

About GoviEx Uranium Inc.

GoviEx is a Canadian mineral resource company whose principal objective is to become a significant uranium producer through the continued exploration and development of its Madaouela Project and its other uranium properties in Niger. Toshiba Corporation and Cameco Corporation are major shareholders of GoviEx.

Visit GoviEx's website at www.goviex.com.

Forward-Looking Statements

This news release may contain forward-looking information within the meaning of applicable securities laws. All information and statements other than statements of historical facts contained in this news release are forward-looking information. Such statements and information may be identified by words such as "about", "approximately", "may", "believes", "expects", "will", "intends", "should", "plans", "predicts", "potential", "projects", "anticipates", "estimates", "continues" or similar words or the negative thereof or other comparable terminology. Certain statements in this news release constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws, including without limitation, the company's goal of completing the mine permitting process outlined in the Niger Mining Code by the end of 2015.

Forward-looking statements are based on the best estimates available to GoviEx at this time and involve known and unknown risks, uncertainties and other factors that may cause GoviEx's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

A description of the risks affecting GoviEx's business and activities appears under the heading "Financial Risks and Management Objectives" of its MD&A for the interim period ended March 31, 2014 as well under the heading "Risk Factors" of its prospectus dated May 8, 2014 available at www.sedar.com. No assurance can be given that any events anticipated by the forward-looking information in this press release will transpire or occur, or if any of them do so, what benefits that GoviEx will derive there from. In particular, no assurance can be given as to the future financial performance of GoviEx. The forward-looking information contained in this press release is made as of the date hereof and GoviEx undertakes no obligation to publicly update such forward looking information to reflect new information, subsequent or otherwise, except as may be required by applicable securities laws. The reader is warned against placing undue reliance on these forward-looking statements.

Contact Information

  • GoviEx Uranium Inc.
    Govind Friedland
    Executive Chairman
    +1 604 331-9882

    GoviEx Uranium Inc.
    Daniel Major
    Chief Executive Officer
    +1 604 331-9882

    GoviEx Uranium Inc.
    Bill Trenaman
    Investor Relations
    +1 604 331-9882
    info@goviex.com
    www.goviex.com