Ur-Energy Inc.
TSX : URE

Ur-Energy Inc.

March 28, 2006 12:31 ET

Robert Boaz Appointed as a Director of Ur-Energy Inc.

DENVER, COLORADO--(CCNMatthews - March 28, 2006) - Ur-Energy Inc. ("Ur-Energy" or "Company") (TSX:URE) announced today that the Board of Directors have appointed Mr. Robert Boaz as a Director of the Company. "The Company is fortunate to have Mr. Boaz as a member of the Board of Directors. We look forward to having access to his considerable experience and knowledge of the investment banking and energy businesses which will be of assistance to the Company in evaluating future financing plans and new opportunities in the energy field" commented Jeffrey Klenda, Chairman of Ur-Energy.

Mr. Boaz has 18 years in the investment banking business after a career in the power and natural gas industry, working in management positions for Ontario Hydro, Saskatchewan Power and Consumers Gas. He has held senior management positions in a number of firms in the investment industry with direct responsibilities related to research, portfolio management, institutional sales and investment banking. From 2005 to 2006, Mr. Boaz was Managing Director of Investment Banking with Raymond James Ltd. in Toronto. From 2000 to 2004, Mr. Boaz was Vice President and Head of Research and in-house portfolio strategist for Dundee Securities Corporation.

Ur-Energy is a dynamic junior mining company currently engaged in the identification, acquisition and exploration of uranium properties in Canada and in the United States. Common Shares of the Company trade on the Toronto Stock Exchange under the symbol URE. Ur-Energy has its registered corporate office in Ottawa, Canada. The Company's website is at www.Ur-Energy.com. The Qualified Person for Ur-Energy Inc., as defined by National Instrument 43-101, is W. William Boberg, President and CEO.

This release contains forward-looking statements regarding capital and processing cost estimates, production rates, amounts, timetables and methods, mining methods, metallurgical recovery rates, government permitting timetables and strategic plans and are based on current expectations that involve a number of business risks and uncertainties. Factors that could cause actual results to differ materially from any forward looking statement include, but are not limited to, failure to establish estimated resources and reserves, the grade and recovery of ore which is mined varying from estimates, capital and other costs varying significantly from estimates, production rates, methods and amounts varying from estimates, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, inflation, changes in exchange rates, fluctuations in commodity prices, delays in development and other factor). Forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. Readers should not place undue reliance on forward-looking statements. The forward-looking statements contained herein are made as of the date hereof and we assume no responsibility to update them or revise them to reflect new events or circumstances.

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