Uranium Valley Mines Ltd. Listing Transferred to NEX

Val-d’Or, Québec – May 5, 2016 – Uranium Valley Mines Ltd. (TSX-V:VZZ) (the “Company”) announces that its listing on the TSX Venture Exchange has been transferred by the Exchange to NEX until such time as the Continued Listing Requirement deficiency identified by the Exchange can be rectified.

The Company’s common shares will commence trading on NEX under symbol “VZZ.H” at open of market on Friday, May 6, 2016.

Forward Looking Statements

This news release contains certain statements that may be deemed “forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or realities may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Glenn J. Mullan, Chief Executive Officer
(819) 824-2808 – Head Office
(514) 835-8384 – cell phone
glenn.mullan@goldenvalleymines.com