Calypso Shareholders Approve Acquisition by U3O8 Corp.

Calypso Uranium Corp. ("Calypso" or the "Company") (TSX VENTURE:CLP) is pleased
to announce that the acquisition of Calypso by U3O8 Corp. (TSX:UWE) ("U3O8
Corp.") was approved at Calypso's annual general and special meeting of
shareholders today. The acquisition of Calypso by U3O8 Corp. through a
court-approved plan of arrangement (the "Arrangement") under the Business
Corporations Act, British Columbia, was announced on March 11, 2013. Under the
terms of the Arrangement, each Calypso Share will be exchanged for 0.40 of one
common share in the capital of U3O8 Corp.


Full details on the transaction can be found in Calypso's management information
circular dated April 3, 2013, which is available on SEDAR (www.sedar.com) under
Calypso's SEDAR profile. The transaction is subject to final regulatory and
court approvals.


About Calypso

Calypso Uranium Corp. is a mineral exploration company whose principal focus is
the exploration and development of uranium properties in Argentina. Calypso
holds approximately 442,000 hectares or 4,420km2 of claims and mineral
concessions in the provinces of Chubut, Mendoza and Neuquen. Further information
is available under the Company's profile at www.sedar.com.


CALYPSO URANIUM CORP.

Stephen Barley, President & CEO

Cautionary Note Regarding Forward-Looking Statements

Statements contained in this news release that are not historical facts
constitute "forward-looking statements" or "forward-looking information" within
the meaning of applicable securities laws and are based on expectations,
estimates and projections as of the date of this release. Forward-looking
statements include, without limitation, possible events, statements with respect
to the Arrangement. The words "is expected" or "estimates" or variations of such
words and phrases or statements that certain actions, events or results "may" or
"could" occur and similar expressions identify forward-looking statements.
Forward-looking statements are necessarily based upon a number of estimates and
assumptions that, while considered reasonable by Calypso as of the date of such
statements, are inherently subject to significant business, economic and
competitive uncertainties and contingencies. Known and unknown factors could
cause actual results to differ materially from those projected in the
forward-looking statements. Such factors include the failure of Calypso to
obtain the necessary approvals for the Arrangement and any other factors that
may cause the Arrangement not to be completed. Many of these factors could cause
actual results to differ materially from those expressed or implied in any
forward-looking statements made by, or on behalf of, Calypso in this release.
There can be no assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ materially from those
anticipated in such statements. Forward-looking statements are provided for the
purpose of providing information about management's expectations and plans
relating to the future. All statements are made as of the date of this news
release and, except as required by law, the Company is under no obligation to
update or alter any forward-looking information.


Shares Outstanding: 50,630,819

FOR FURTHER INFORMATION PLEASE CONTACT: 
Calypso Uranium Corp.
Investor Relations
1-604-639-4671
1-604-639-4670 (FAX)
info@calypsouranium.com
www.calypsournaium.com

Calypso Uranium Corp. (TSXV:CLP)
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