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DGAP-News: Uranium Energy Corp Announces Appointment of Former US Energy Secretary Spencer Abraham as Chairman of Advisory Board

ID: 1179600

(firmenpresse) - DGAP-News: Uranium Energy Corp. / Key word(s): Change of Personnel
Uranium Energy Corp Announces Appointment of Former US Energy
Secretary Spencer Abraham as Chairman of Advisory Board

12.12.2012 / 14:15

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Uranium Energy Corp Announces Appointment of Former US Energy Secretary
Spencer Abraham as Chairman of Advisory Board

Corpus Christi, TX, December 12, 2012 - Uranium Energy Corp (NYSE MKT: UEC,
the 'Company') is pleased to announce the appointment of former United
States Energy Secretary Spencer Abraham as Chairman of the Company's
Advisory Board.

'We are delighted that Secretary Abraham has agreed to lead our Advisory
Board as Chairman. He has been a strong advocate for the uranium and
nuclear sectors both in government and in the private sector. His
experience and knowledge of the industry will be extremely helpful in
advancing the Company's business objectives,' said Amir Adnani, President
and CEO. 'Secretary Abraham's leadership will be valuable in navigating
the challenges and opportunities ahead.'

Spencer Abraham served as a U.S. Senator from Michigan from 1995 to 2001
and served as Secretary of Energy from 2001 to 2005. Since 2005, Abraham
has been the Chairman and Chief Executive Officer of The Abraham Group, an
international strategic consulting firm based in Washington, D.C. Abraham
is an alumnus of Michigan State University and Harvard Law School. He
currently serves on the board of Occidental Petroleum Corp. and was
previously Chairman of Areva, Inc., the North America subsidiary of AREVA.

'I am pleased to be joining the Advisory Board of Uranium Energy Corp,'
said Secretary Spencer Abraham. 'The Company is well-recognized as an
up-and-coming leader, and operates North America's newest emerging uranium
mine. With the recently received license for its second uranium mine to




enter production, UEC possesses a strong growth profile. I am impressed by
the experience and vision of the Company's leadership and look forward to
working with management and the other advisors.'

About Uranium Energy Corp

Uranium Energy Corp is a U.S.-based uranium production, development and
exploration company operating North America's newest emerging uranium mine.
The Company's fully licensed and permitted Hobson processing facility is
central to all of its projects in South Texas, including the Palangana
in-situ recovery mine, which has recently expanded its initial production,
and the Goliad in-situ recovery project, which is now fully permitted and
in construction. The Company's operations are managed by professionals with
a recognized profile for excellence in their industry, a profile based on
many decades of hands-on experience in the key facets of uranium
exploration, development and mining.

Contact North America: Investor Relations, Uranium Energy Corp:
Toll Free: (866) 748-1030
Fax: (361) 888-5041
E-mail: info(at)uraniumenergy.com

Stock Exchange Information:
NYSE MKT: UEC
Frankfurt Stock Exchange Symbol: U6Z
WKN: AØJDRR
ISN: US916896103

Safe Harbor Statement

Except for the statements of historical fact contained herein, the
information presented in this news release constitutes 'forward-looking
statements' as such term is used in applicable United States and Canadian
laws. These statements relate to analyses and other information that are
based on forecasts of future results, estimates of amounts not yet
determinable and assumptions of management. Any other statements that
express or involve discussions with respect to predictions, expectations,
beliefs, plans, projections, objectives, assumptions or future events or
performance (often, but not always, using words or phrases such as
'expects' or 'does not expect', 'is expected', 'anticipates' or 'does not
anticipate', 'plans, 'estimates' or 'intends', or stating that certain
actions, events or results 'may', 'could', 'would', 'might' or 'will' be
taken, occur or be achieved) are not statements of historical fact and
should be viewed as 'forward-looking statements'. Such forward looking
statements involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of the
Company to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. Such
risks and other factors include, among others, the actual results of
exploration activities, variations in the underlying assumptions associated
with the estimation or realization of mineral resources, the availability
of capital to fund programs and the resulting dilution caused by the
raising of capital through the sale of shares, accidents, labor disputes
and other risks of the mining industry including, without limitation, those
associated with the environment, delays in obtaining governmental
approvals, permits or financing or in the completion of development or
construction activities, title disputes or claims limitations on insurance
coverage. Although the Company has attempted to identify important factors
that could cause actual actions, events or results to differ materially
from those described in forward-looking statements, there may be other
factors that cause actions, events or results not to be as anticipated,
estimated or intended. There can be no assurance that such statements will
prove to be accurate as actual results and future events could differ
materially from those anticipated in such statements. Accordingly, readers
should not place undue reliance on forward-looking statements contained in
this news release and in any document referred to in this news release.

Certain matters discussed in this news release and oral statements made
from time to time by representatives of the Company may constitute
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995 and the Federal securities laws. Although the
Company believes that the expectations reflected in such forward-looking
statements are based upon reasonable assumptions, it can give no assurance
that its expectations will be achieved. Forward-looking information is
subject to certain risks, trends and uncertainties that could cause actual
results to differ materially from those projected. Many of these factors
are beyond the Company's ability to control or predict. Important factors
that may cause actual results to differ materially and that could impact
the Company and the statements contained in this news release can be found
in the Company's filings with the Securities and Exchange Commission. For
forward-looking statements in this news release, the Company claims the
protection of the safe harbor for forward-looking statements contained in
the Private Securities Litigation Reform Act of 1995. The Company assumes
no obligation to update or supplement any forward-looking statements
whether as a result of new information, future events or otherwise. This
press release shall not constitute an offer to sell or the solicitation of
an offer to buy securities.


End of Corporate News

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12.12.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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196811 12.12.2012


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Bereitgestellt von Benutzer: EquityStory
Datum: 12.12.2012 - 08:15 Uhr
Sprache: Deutsch
News-ID 1179600
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