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Uranium Energy Corp Expands Its Technical Team and Advisory Board With Industry Veterans

November 15, 2007

Each Brings 35 Years of Technical Experience to the Company

AUSTIN, TX – November 15, 2007 – Uranium Energy Corp announces significant appointments to its technical team and advisory board.  Mr. Clint Milne, BSc, MSc, PGeo, has been appointed as Senior Geologist of the Company, and will be based out of the Company’s Albuquerque exploration office.  Mr. George Cavey, BSc, PGeo, has been appointed to the Company’s Advisory Board.  Mr. Cavey will be the fourth member of this board.

Clint Milne is a geologist with 35 years experience in the US mining and uranium industries.  He has managed exploration, mining and environmental projects for Mobil Oil, Kennecott Energy and ARCO.  He has also worked as the State Uranium Geologist for the state of Washington.  Mr. Milne has considerable experience in the energy sector, including extensive senior operating experience in the uranium sector.  While at Mobil Oil, he was manager of its Grants, NM, uranium exploration and development office, with oversight of Mobil’s Crownpoint operation.  His 35-year career has been spent entirely in the United States, and largely in the western states.  Mr. Milne has degrees in geology, geochemistry and hydrogeology, and has published numerous papers and articles.

Mr. Cavey is a consulting geologist with 35 years experience.  Since 1982, he has been the president of OreQuest Consultants, a company providing geological consulting services to resource companies, both public and private.  Mr. Cavey has been responsible for the examination and evaluation of properties in North, Central and South America and Africa; implementation and management of all aspects of exploration programs including research, geophysical surveys, diamond drilling, reserve definition and underground development.  He has authorized or been involved in the writing of more than 300 geological reports for Canadian junior resource companies.  He is a past president of the Canadian Council of Professional Geoscientists.  Mr. Cavey has served on the Canadian Securities Administrators Mining Technical Monitoring and Advisory Committee and still acts as a consultant to the BCSC with respect to NI43-101 issues. Mr. Cavey is an officer and/or director of six public companies.

About Uranium Energy Corp

Uranium Energy Corp (AMEX: UEC) is a US-based junior resource company with the objective of becoming a near-term ISR uranium producer in the United States.  The Company 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.  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: 
American Stock Exchange Symbol: UEC
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.