Uranium Energy Corp Announces Appointment of Paul Pierce as Manager of Mine Development

Uranium Energy Corp Announces Appointment of Paul Pierce as Manager of Mine Development

Uranium Energy Corp announces the further expansion of its technical team with the appointment of Paul Pierce as the Manager of Mine Development. Mr. Pierce has 35 years experience in the mining industry in the southwest United States, chiefly in the states of New Mexico, Colorado, Utah, Arizona, and Nevada, either as a mine engineer or as a government mine inspector.

Paul Pierce has held senior mine engineering positions for senior mining and engineering companies including Bechtel, Standard Oil Company of Ohio (now BP plc), Phillips Petroleum (now ConocoPhillips), Kerr McGee Nuclear (now Anadarko Petroleum) and others. His work for these companies consisted of reserve development, mine planning, mine modeling, mine design, mine safety, mine management, and reclamation. It is notable that Mr. Pierce was responsible for the planning of mine development and then decommissioning at the L-Bar Uranium Operations, only a few miles from Uranium Energy Corp’s West Ranch Project in New Mexico.

In addition to his work in the private sector, Mr. Pierce has also had an active career in government. He has held senior positions for the Bureau of Mine Inspection at the New Mexico Institute of Mining, and the US Bureau of Mines. Mr. Pierce’s practical experience includes his appointment as the State Inspector of Mines for the state of New Mexico; he participated on national safety boards regarding mine safety; he conducted a nationwide review of uranium mines and mills for his report to the US Congress; he was an expert witness at federal public hearings concerning the passage of national environmental standards; he conducted field investigations of mine accidents and fatalities.

Uranium Energy Corp’s CEO, Amir Adnani made the following comment regarding this appointment, “The Company distinguishes itself by attracting the most eminent uranium experts in a market that is suffering from a severe shortage of technical expertise. Mr. Pierce has designed and managed several mines, including uranium mines, all in the southwestern states where Uranium Energy is actively pursuing near-term uranium production. He also has a deep understanding of the regulatory aspects of building and operating a mine due to his work as the State Inspector of Mines. We are very proud to announce this appointment. We will continue to aggressively add depth to our technical roster.”

Paul Pierce has a Masters of Mining Engineering from the New Mexico Institute of Mining. He will be based out of the Albuquerque office, and will report to Vice President of Production, Curtis O. Sealy, PEng.

About Uranium Energy Corp

Uranium Energy Corp (OTC BB:URME.OB – News) 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.

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.


Contacts: Uranium Energy Corp Contact North America Investor Relations (604) 682-9775 or Toll Free: 1-866-748-1030 (604) 682-3591 (FAX) Email: info@uraniumenergy.com

Website: http://www.uraniumenergy.com

Source: Uranium Energy Corp

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