Uranez Submits License Application For Jane Dough

CASPER, WY - Uranerz Energy Corporation has submitted the source material license amendment application for its Jane Dough unit to the U.S. Nuclear Regulatory Commission (NRC). The Jane Dough permit area, located in the Central Powder River Basin of Wyoming, U.S.A., is contiguous to and immediately south of the Company's wholly owned Nichols Ranch unit which recently commenced in-situ recovery (ISR) uranium mining operations.

Uranerz is applying to add the Jane Dough unit as an amendment to the existing license for the Nichols Ranch ISR Uranium Project, which includes the Nichols Ranch and Hank units. In this area of the Powder River Basin, uranium mineralization commonly follows along oxidization-reduction (redox) boundaries and these boundaries at the Nichols Ranch unit continue southward through the Jane Dough unit. Due to the close proximity of these two units, the Company expects to install only the wellfields at Jane Dough and will transfer mining solutions to and from the processing plant at the Nichols Ranch unit through pipelines. This operational configuration should avoid the expense of constructing a separate satellite plant at Jane Dough, resulting in considerable savings in capital and time, and should serve to greatly enhance the project economics and extend the mine life at the Nichols Ranch facility.

Paul Goranson, President and Chief Operating Officer, stated, "Now that the Nichols Ranch facility is fully operational, we see the Jane Dough unit as being the next project to be developed. Given that this application is being filed as an amendment to the existing Nichols Ranch ISR Uranium Project license, we expect to see considerable time savings in the NRC review and approval process."

The Jane Dough unit was formed by combining the Doughstick, South Doughstick and North Jane uranium properties. Jane Dough is one of several advanced-stage projects within the Uranerz portfolio that has yet to be developed. The Company has reported NI 43-101 resources for six projects, which include Nichols Ranch, Jane Dough, Hank, Reno Creek, West North-Butte and North Rolling Pin. National Instrument 43-101 reports have been prepared for the three properties that comprise the Jane Dough unit.