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Uranium Energy Corp Expands Goliad Technical Team with the Appointment of Larry Minter

January 18, 2007

The Company Appoints Tenth Uranium Expert in 12 Months, Giving the Company 280 Years of Uranium Development and Mining Experience

Austin, Texas, USA  – Uranium Energy Corp announces the appointment of Larry Minter as a Senior Geologist.  Mr. Minter has over 30 years of experience with various facets of the uranium sector, including exploration, development, mining, environmental assessment and regulatory compliance.  Mr. Minter has discovered and delineated uranium ore bodies in various geological settings throughout the southwestern United States.  He is a Professional Geologist, and received his MSc and BSc in Geology from Texas A&M University at College Station.  He has been Adjunct Professor of Physical Geology and Environmental Geology at Austin Community College since 2001.

Mr. Minter’s uranium exploration experience also includes significant prospect generation activities throughout the southwestern United States.  He is also familiar and experienced   with geophysical exploration techniques and technologies and has extensive experience supervising the drilling of hundreds of uranium exploration drill holes using a variety of different drilling methods.

Mr. Minter’s regulatory and environmental experience for commercial, industrial and government clients spans 21 years.  He has managed over 300 environmental projects, including major remediation projects.  He provided expert testimony before the New Mexico Environmental Improvement Division related to mineral quality beneath proposed uranium tailings sites, and has authored numerous geological publications.

Mr. Minter’s role with the Company will be to provide further expertise in the development of the Company’s 100%-owned Goliad Uranium Project in South Texas.  He joins the Company’s technical team, already eminent in the uranium sector, and will specifically assist with ongoing resource delineation and expansion, as well as permitting operations, as the Goliad project continues to advance towards production.

About Uranium Energy Corp

Uranium Energy Corp (URME: OTCBB) is a US-based junior resource company with the objective of becoming a near-term ISL uranium producer in the United States.  The Company is developing its advanced-stage Goliad Project in South Texas, with ISL uranium production projected to begin in 2009.  Uranium Energy Corp controls one of the largest historical uranium exploration and development databases in the US.  Through the use of these databases, the Company has acquired advanced uranium properties throughout the southwestern US.  The operational management is comprised of pre-eminent uranium mining and exploration professionals, whose collective experience in the uranium mining industry gives the Company ongoing uranium mine-finding and uranium mine development expertise.  Uranium Energy Corp is well positioned to capitalize on the current alternative energy boom.  For more information, please visit www.uraniumenergy.com.

Contact North America:  Investor Relations, Uranium Energy Corp
Toll Free: (866) 748-1030
Phone: (604) 682-9775
Fax: (604)  682-3591
E-mail: [email protected]
Website: www.uraniumenergy.com

Contact Europe:  International Market Trend AG
Phone:  +41.43.888.67.00
Fax:  +41.43.888.67.09

Stock Exchange Information:  
Frankfurt Stock Exchange Symbol: U6Z
Berlin Stock Exchange Symbol: U6Z
ISN: US9168961038

Safe Harbor Statement

This news release contains forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities and Exchange Act of 1934 , as amended.  Statements in this news release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.  These statements involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein.  Such risks and uncertainties may include, but are not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment or human resources, the effect of economic and business conditions, the ability to attract and retain skilled personnel and factors outside the control of the Company  These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements.  Although the Company believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate.  Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company’ s periodic reports filed from time-to-time with the United States Securities and Exchange Commission.  This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.