Western Uranium Corporation Announces Options Grant FOR...

Western Uranium Corporation Announces Options Grant​

FOR IMMEDIATE RELEASE

October 2, 2016.Toronto, Ontario and Nucla, Colorado - Western Uranium Corporation (CSE: WUC) (OTCQX: WSTRF) ("Western" or the "Company") announces that it has granted an aggregate of 1,075,000 options to purchase common shares to a number of officers, consultants, directors and employees of the Company under the Company’s Incentive Stock Option Plan. The options shall have an exercise price of Cdn.$2.50 vesting equally over three years commencing initially on the date of grant and thereafter on October 31, 2016, and March 31, 2017 with a five-year term from the date of vesting.

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Sixty percent of the options were granted to directors, according to Canadianinsider.com:

Andrew Wilder 150,000
George Glasier 150,000
Russell Fryer 150,000
Michael Skutezky 200,000