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Uranium Energy Corp Appoints Samuel Talbott as District Exploration Manager, Wyoming

April 2, 2008

AUSTIN, TX – April 2, 2008 – Uranium Energy Corp, a US-based junior resource company with the objective of near-term ISR uranium production, announces the appointment of Samuel L. Talbott as District Exploration Manager, Wyoming.  Mr. Talbott is a career geologist with over 25 years experience in the field, having worked for uranium mining companies in the southwestern United States.  Mr. Talbott will be based at the Company’s Casper, Wyoming office.  In Wyoming, the Company controls approximately 23,000 acres of uranium-prospective land, consisting of mining claims and state leases, and historic drilling databases with over 27,000 feet of new drilling and 2 million feet of historic drilling covering Wyoming’s uranium provinces.

Mr. Talbott has held senior positions for Uranium Resources Inc, Crow Butte Resources (now Cameco Corp), Malapai Resources (now Areva), and others, mostly on uranium mines in Wyoming and Texas.  His most recent position was with Mesteña Uranium LLC, the owner and operator of the Alta Mesa ISR Uranium Mine, located 100 miles from the Goliad Project in south Texas.  At Alta Mesa, he served as the Manager of Exploration and Development.

Mr. Talbott earned his BSc in Geology from the University of Wyoming, and his Bachelor of Earth Science from Chadron State College.

Uranium Energy Corp Chief Operating Officer, Harry Anthony, provided this comment on the appointment, “Sam’s experience of 20 years in ISR development in Nebraska, Wyoming, and Texas makes his knowledge very unique for our industry. His experience transcends development of wellfield patterns to include exploration of uranium resources as well.  Sam’s experience will be invaluable in training our younger geologists and engineers as we progress the Goliad Project in South Texas. He will head up UEC’s Wyoming office in Casper to move developing projects forward, continue to evaluate resource acquisitions, and direct joint venture opportunities with other uranium-related 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 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
Fax: (512)  233-2531
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.