TORONTO, ON--(Marketwired - December 09, 2016) - 2376457 Ontario Inc. (the "Corporation"), a corporation controlled by Cameron Steinman, a director of UGE International Ltd. ("UGE") (TSX VENTURE: UGE) (OTCQB: UGEIF), announces that the Corporation disposed of 3,444,444 common shares of UGE through a gift to the Steinman Goudy Charitable Foundation Fund of the Charitable Gift Funds Canada Foundation (the "Steinman Goudy Charitable Foundation").