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Uranium Energy Corp Adds Two Industry Professionals to its Advisory Board, Appoints Ed Brezinski as VP, Corporate Development

February 6, 2008

AUSTIN, TX - February 6, 2008 - Uranium Energy Corp is pleased to announce the appointment of two leading industry professionals, Dr. John D. Nelson and Anthony J. Thompson, to its Advisory Board. The Company is also pleased to announce that Ed Brezinski is joining the Company as Vice-President, Corporate Development. He had earlier served on the Advisory Board.

Amir Adnani, president and CEO, said, “We welcome Dr. Nelson and Mr. Thompson to the Advisory Board here. Dr. Nelson, one of North America’s foremost authorities in the management of uranium mine tailings, and Mr. Thompson, legal counsel for environmental and occupational health and safety issues for much of this industry, definitely bring the level of expertise to distinguish our Company in developing state-of-the-art ISR and conventional uranium projects. Mr. Brezinski is a welcome addition to the management team. His in-depth experience in the uranium industry makes an excellent fit with Uranium Energy Corp’s growth profile.”    

Dr. John D. Nelson

Dr. Nelson is a professional engineer, with licenses in five states, and a long-term professor of civil engineering at Colorado State University. As a professor, he developed a major geotechnical engineering program for the field of mine tailings management, primarily as it relates to uranium mining, and is an industry expert in this specialized field.

Dr. Nelson served as the chairman of the Annual Conference on Tailings and Mine Waste for 20 years.  He is the senior author of a primary report, Long-Term Stability of Uranium Mill Tailings, prepared for the Nuclear Regulatory Commission (NRC) -- a source document for environmental impact statements in this industry. He also served as a consultant to the NRC, including the review of all uranium tailings management plans for mill licensing applications from 1978 until 1984. Since 1985, he has served as a consulting engineer for the mining industry and has acted as the senior technical engineer for several tailings dam projects including Uravan, Gas Hills, Maybell, and York Canyon.

Dr. Nelson received his BSc, MSc and PhD in Civil Engineering from the Illinois Institute of Technology in Chicago.  He is Professor Emeritus at Colorado State University.

Anthony J. Thompson

Mr. Thompson has been practicing environmental and occupational health and safety law since the mid-1970's.  He is the primary outside counsel to the National Mining Association (NMA) for uranium issues, and he has represented much of the domestic uranium mining and milling industry either as counsel to NMA or as counsel to individual licensees since the late 1970's. He is the prime author of NMA's White Paper entitled "Recommendations for a Coordinated Approach to Regulating the Uranium Recovery Industry."  Mr. Thompson received his BA in History from Princeton University and his law degree from the University of Virginia School of Law. He is a member of the American Nuclear Society, the American Bar Association and the Society for Mining, Metallurgy, and Exploration.

Ed Brezinski

Mr. Brezinski has 20+ years of service with utility companies and with nuclear fuel traders and brokers.  His experience has been focused on marketing, trading and brokerage of uranium and related products, market analysis, inventory management, and the procurement and contracting for nuclear fuel, fuel services and other vital nuclear power plant services.  While at Northeast Utilities, he acted as lead purchaser of uranium concentrates, and conversion, enrichment and fabrication services.  He also worked in a similar lead trader or broker capacity for UG USA, Nukem Inc, and NYNCO trading and brokerage companies.

Mr. Brezinski most recently served as Vice President of Nuclear Fuel Supply for NYSE-listed Energy Solutions Inc.  He has a Bachelor of Science in Radiological Health Physics, and an MBA in Finance and International Business.

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 this industry gives the Company ongoing uranium mine-finding and mine development expertise. 

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]

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.