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Uranium Energy Corp Appoints Joshua Leftwich as Environmental Manager and Doug Norris as Vice President of Engineering

June 12, 2007

The Company’s Team Now Includes Experts That Were Integral to the Environmental, Permitting and Engineering of the Recently-Opened Alta Mesa ISR Uranium Mine in Texas

AUSTIN, TX – June 12, 2007 – Uranium Energy Corp (OTCBB: URME) (Frankfurt: U6Z) (Berlin: U6Z) announces the appointment of Joshua Leftwich as Environmental Manager.  Mr. Leftwich will be responsible for all permitting activities at the Company’s 100% owned Goliad Project in South Texas, where production is forecast to begin by the third quarter of 2009. Mr. Leftwich joins the Company’s technical team that is already pre-eminent in the uranium mining and exploration sector.

Joshua Leftwich received his BSc in Renewable Resources from the Texas A&M University, as well as his certifications in numerous safety and safety training courses.  His practical experience includes comprehensive management of the environmental components of dozens of large engineering projects.

Most recently, Mr. Leftwich was the Manager of Environmental Health and Safety for Mesteña Uranium LLC, at their Alta Mesa ISR uranium mine, which began production in 2006, and which is located less than 150 miles from the Company’s Goliad Project.  At Alta Mesa, he managed all aspects of environmental, health, safety, radiation safety, training and compliance, throughout the mine’s design, construction, commissioning and operational phases.  He was responsible for the mine’s simultaneous compliance with 3 state and 3 federal regulatory agencies; he was Mesteña Uranium’s chief liaison with these bodies, and was in daily communication with them.  These same agencies are regulating the Goliad Project’s exploration and development activities at present.  Mr. Leftwich’s experience at Alta Mesa will be directly transferable to Uranium Energy Corp.

The Company also announces that Mr. Doug Norris has been promoted to Vice President of Engineering, from Engineering Manager.  Mr. Norris is a professional engineer with twenty years experience designing and constructing uranium mining facilities.  Having held senior engineering, as well as operational positions for uranium producers Rio Algom (now BHP Billiton) and Power Resources (now Cameco), Mr. Norris has been responsible for all phases of mine development, from the grass roots, through to operations management. 

Mr. Norris was integral to the development of US uranium mines, Smith Ranch, Alta Mesa and the Highland, all ISR mines.  Doug Norris is a Registered Professional Engineer, chartered in the state of Oklahoma.  He received his BSc in Chemical Engineering from Louisiana State University.  Mr. Norris has also been ISO certified to prepare health and safety risk analyses and mitigation techniques during the plant design, construction and operational phases.

About Uranium Energy Corp

Uranium Energy Corp (URME: OTCBB) is a US-based junior resource company with the objective of becoming a near-term ISR uranium producer in the United States.  The Company is developing its advanced-stage Goliad Project in South Texas, with ISR 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

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.