UEX Corporation announced the commencement of its 2020 exploration programs at the West Bear and Christie Lake Properties, located in the Athabasca Basin of northern Saskatchewan. UEX Corporation announced the West Bear 2020 winter exploration program will commence the first week of February and consist of approximately 1,900 m of diamond drilling in 15 holes. The objective of the program is to find new satellite Co-Ni deposits on the West Bear Project along the northern rim of the highly prospective West Bear Dome. The program will focus on the Umpherville Target Area located 2 km immediately north of the existing high-grade West Bear Co-Ni Deposit. The Umpherville Target Area has several geological and structural similarities to the West Bear Co-Ni Deposit area. Historical drilling in 1977 by Conwest Exploration encountered strong indicative hydrothermal alteration, strong radioactivity and an extensive area of geochemically anomalous nickel over 1 km in strike length that are all features considered favorable for the discovery of both cobalt-nickel deposits and uranium deposits. Historical Conwest Hole ML-77-05 intersected 0.22% eU3O8 over a 5 ft core length at the unconformity and has yet to be successfully followed-up by drill holes. Two attempts by Conwest to drill on-section and down-dip of hole ML-77-05 were unsuccessful when the drill holes were lost when they encountered wide intervals of intense structure and clay alteration. The drill program will also test areas along strike to the northeast of the Umpherville area where historical anomalous cobalt and nickel has been intersected. UEX will be commencing its 2020 exploration program at Christie Lake in mid-February. Despite the discovery of new mineralization along the B Trend in hole CB-141 that averaged 1.17% eU3O8 over 1.9 m from 498.1 m to 499.6 m, UEX will be focusing the majority of its efforts at Christie Lake in the Orora North Area in 2020. Recently received geochemical results from samples collected from within the altered fault structure in the sandstone column of these three holes show substantial geochemical enrichment of uranium over wide intervals extending as much as 250 m above the unconformity. The uranium enrichment in each hole ranges from 3 ppm to 12 ppm uranium over core lengths of 98-180 m, reaching as high as 44.3 ppm U in one sample. Athabasca uranium explorers consider 1-2 ppm uranium in the sandstone-hosted structures to be of exploration interest. Such sandstone uranium enrichment is often found close to uranium deposits. To assist the Company in refining drill targets later this year, UEX is undertaking a Phase I geophysical exploration program comprised of a fixed loop electromagnetic survey (“EM”) focused on the Orora North area. Additional EM will be completed in the southern half of the B Conductor area. A total of 63 line-km of EM surveying will be completed this winter. A Phase II program is planned that will consist of diamond drilling in the Orora North area to follow-up the 2019 drilling program after the Company interprets the results of the EM survey. JCU (Canada) Exploration Company Limited (“JCU”), partner in the Christie Lake Joint Venture, will be diluting their interest in the project. UEX agreed to contribute JCU’s share of all 2020 expenditures. The UEX 2019 drill program successfully intersected two east-north-east oriented fault structures between the Sue and Telephone Faults. Hydrothermal alteration was encountered in both faults. One hole, MCS-009, encountered 0.34% U3O8 over 0.4 m from 183.2 m to 183.6 m within an east-north-east fault approximately 40 m east of the north-east trending Telephone Fault. The mineralization in MCS-009 is very encouraging as it indicates that not only are the linking east-north-east linking structures present, they also have the potential to host uranium mineralization. The Company will be further evaluating the results of the 2019 program at McClean South in advance of a future drill program.