Uranium One Announces the Appointment of Colin Blyth, Senior Vice President, Commercial

TORONTO, June 17, 2014 /CNW/ - Uranium One Inc. ("Uranium One" or the "Company") announced the appointment effective today of Colin Blyth as its Senior Vice President, Commercial.  Mr. Blyth, who will be based in Toronto, will be responsible for the Company's sales and marketing activities, and succeeds Scott Melbye, who will be leaving the Company to pursue other interests. Scott will remain with Uranium One for a period of time to ensure a successful transition.

Colin Blyth's most recent role was Vice-President, Sales and Marketing at CMC - Coal Marketing Company (USA) Inc., the exclusive marketer of Cerrejon thermal coal from Colombia, where he was responsible for sales and marketing for the largest open pit export coal mining operation in the world. His work experience includes a wide variety of high level sales and marketing positions, with a heavy specialization in the coal, copper, and zinc mining/refining industries. Colin has enjoyed a distinguished international career with strong exposure throughout North and South America and Asia. Colin holds a Bachelor of Science in Geology and an MBA from Queen's University in Kingston, Ontario, Canada.

Concurrently with Mr. Blyth's appointment, the Company also announced that it is relocating its sales and marketing function from Denver, Colorado, to its corporate head office in Toronto.

Uranium One Chief Executive Officer Chris Sattler said "Scott has been a key member of our leadership team and has enjoyed a long and successful career in the uranium business. The growth in our sales and marketing function is testimony to his leadership and knowledge. We wish Scott the best in his future endeavours."

"We are very pleased to welcome Colin to Uranium One and he will undoubtedly build on the foundations that Scott and his team have put in place and drive further improvement and value from this aspect of the business. I look forward to the new insight he can bring as a member of the Uranium One executive team."

About Uranium One

Uranium One is one of the world's largest uranium producers, with a globally diversified portfolio of assets located in Kazakhstan, the United States, Australia and Tanzania. ROSATOM State Atomic Energy Corporation, through its affiliates, owns 100% of the outstanding common shares of Uranium One.

Cautionary Statement

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

For further information about Uranium One, please visit www.uranium1.com.

SOURCE Uranium One Inc.

For further information: Chris Sattler, Chief Executive Officer, Tel: +1 647 788 8500; Anton Jivov, Vice President, Corporate Affairs, Tel: +1 647 788 8461; Aaron McCarthy, Vice President, Human Resources, Tel: +1 647 788 8516; Colin Blyth, Senior Vice President, Commercial, Tel: +1 647 788 8514