Workman Creek Project in Arizona

CORPUS CHRISTI, TX - Uranium Energy Corp (UEC) has filed a Technical Report Summary (TRS) disclosing mineral resources for the Workman Creek Project in Arizona. The Workman Creek Project is located in Gila County, central Arizona, approximately 70 miles northeast of Phoenix and about 31 miles northwest of Globe, an historic mining center.  The Project is located within the Tonto National Forest on either side of Workman Creek, approximately 3,000 ft east of State highway #288.  The Project is located within portions of townships 5N, 6N and 7N; range 14E, Gila-Salt River Meridian.

The Workman Creek Project consists of three claim blocks, the main contiguous claim block along Workman Creek and two non-contiguous claim blocks (Pendleton and Oak Creek), totaling 198 unpatented mining claims comprising approximately 3,871 acres.

Amir Adnani, President and CEO, said, "We are pleased with this update of the Company's former NI-43 101 resources into fully compliant S-K 1300 resources for our Workman Creek Project.  America's uranium resources are becoming increasingly important for utility and government buyers looking for reliable supplies from stable U.S. jurisdictions.  Combined with our Anderson Project, UEC now controls more than 32 million pounds of measured and indicated resources and about 4.5 million pounds of Inferred resources in Arizona, a mining friendly state and home to the Palo Verde Nuclear Plant, the largest power producer in the U.S.  The Workman Creek and Anderson Projects provide UEC's project pipeline with additional supply assurance for the longer-term requirements of utilities and the Federal government needs for U.S. unobligated uranium supply."