Exhibit 99.1

Contact:
Lisa Aston
Investor Relations
210.308.1222
laston@usfunds.com
 
For Immediate Release

U.S. Global Investors Reports 19% Year-Over-Year Growth in Assets Under Management for Third Quarter of 2017 Fiscal Year
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SAN ANTONIO–May 11, 2017–
U.S. Global Investors, Inc. (NASDAQ: GROW), a boutique registered investment advisory firm with longstanding experience in global markets and specialized sectors, today reported net loss of $33,000, or $0.00 per share, on operating revenues of $1.7 million for the quarter ended March 31, 2017. This was an improvement over the same quarter of the previous year, which had a net loss of $350,000, or ($0.02) per share, on operating revenues of $1.3 million, a decrease of 91 percent. The improvement in net loss was mainly due to an increase in operating revenue from increased assets under management. If average assets had increased another 3 percent, then the company would have had positive net income for the quarter.
Average assets under management, including U.S. Global Investors Funds, the JETS exchange traded fund, Galileo clients and offshore clients, were $841 million for the quarter ended March 31, 2017, compared to an average of $709 million for the same quarter a year ago, an increase of 19 percent. Total assets under management were $796 million as of March 31, 2017, versus $773 million at March 31, 2016, an increase of 3 percent.
Frank Holmes, CEO and chief investment officer of U.S. Global Investors, comments, “The gold market experienced volatility during the quarter, as investors reacted amid fluctuations in government bond yields and the Federal Reserve’s dovish tone in March. Our gold-focused funds reflected this volatility in asset fluctuation during the quarter, although average assets in the gold funds for the current quarter were relatively flat compared to the prior quarter ending December 31, 2016. We believe shareholders appreciate the active management expertise that we offer, and we are pleased that Thomson Reuters Lipper, a trusted financial authority, recognized us with a recent Lipper Award. Investors can read more about that award at www.usfunds.com.

“In addition,” Holmes continues, “the junior gold mining industry has been undergoing a disruption in recent months. I’m proud to say that Ralph Aldis, the co-portfolio manager for our gold funds, is looked to as an industry expert, and was recently quoted in Investors’ Business Daily, where he commented on recent events and how we are capturing opportunities.”

The following information was filed by U S Global Investors Inc (GROW) on Friday, May 12, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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