Uranerz Energy Corporation
FRANKFURT : U9E
AMEX : URZ

Uranerz Energy Corporation

August 24, 2007 14:24 ET

Uranerz to Commence Trading on the Toronto Stock Exchange

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 24, 2007) - Uranerz Energy Corporation (the "Company') (AMEX:URZ)(FRANKFURT:U9E) is pleased to announce that its common shares have been approved for listing on the Toronto Stock Exchange (the "TSX") under the ticker symbol "URZ". The Company's common shares will commence trading on the TSX at the opening of trading on Monday, August 27, 2007.

The listing on the TSX will compliment and be in addition to the trading of the Company's common shares on the American Stock Exchange (the "AMEX").

Uranerz Energy Corporation President and C.E.O., Glenn Catchpole, commented, "In the past twelve months, Uranerz has made significant strides toward becoming a Wyoming-based uranium production company. On August 27th, we will commence trading on the TSX, the preeminent global stock market for uranium equities, including Uranerz's peer group. We believe this listing will further enhance our profile and liquidity in the North American capital markets."

Uranerz Energy Corporation is a pure-play uranium company listed on the AMEX and now the TSX. The Company also has options (derivatives on the common stock: puts and calls) traded on the Chicago Board Options Exchange as well as the AMEX.

The Company is engaged in the acquisition, exploration and development of properties in the uranium sector with the goal of becoming a mid-tier producer of uranium which will be utilized as fuel in the world's nuclear electrical generating facilities. The Company has an experienced team of mining personnel, many of whom are former officers, senior management and employees of the original Uranerz Exploration and Mining Limited and related companies (the "Uranerz Group"). This team has direct experience in licensing, designing, constructing and operating underground, open-pit and in-situ recovery uranium production facilities. The Company also has an advisory board that consists entirely of ex-Uranerz Group professionals. The Uranerz Group was acquired in 1998 by Cameco Corporation, the world's largest primary uranium producer.

Uranerz Energy Corporation has expertise in in-situ recovery mining and holds projects in the Powder River Basin of Wyoming with uranium-mineralized sandstone. The Company also has uranium properties in Saskatchewan (Canada), Mongolia and the Great Divide Basin of Wyoming. The Canadian, Mongolian and Great Divide Basin uranium properties are in the exploration stage and Uranerz has joint ventured these projects to other companies as a means of reducing its exploration risk. These projects are operated and funded by our joint venture partners.

Haywood Securities Inc. acted as sponsor to Uranerz Energy Corporation for the TSX listing application.

To obtain more information, contact at Uranerz (Telephone: 1-800-689-1659) or visit our website at www.uranerz.com.

ON BEHALF OF THE BOARD

Glenn Catchpole, President and Chief Executive Officer

This press release may contain, in addition, to historical information, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on management's expectations and beliefs, and involve risks and uncertainties. These statements may involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein. Key factors that could cause actual results to differ materially from those described in forward-looking statements are:

(i) the inability of the Company to complete the acquisition of any interest in any new mineral exploration properties;

(ii) the inability of the Company to achieve the financing required to pursue the acquisition or exploration of any new mineral properties;

(iii) the inability of the Company to raise the financing necessary to conduct exploration or development of its properties;

(iv) the lack of presence of commercial mineralization on its properties; and

(v) the inability of the Company to establish commercial deposits or reserves of uranium on its properties.

Readers are cautioned not to place undue reliance on the forward-looking statements made in this press release.

Contact Information

  • Uranerz Energy Corporation
    Lloyd Jacobs
    Investor Relations
    (604) 689-1659 or Toll Free: 1-800-689-1659
    (604) 689-1722 (FAX)
    Website: www.uranerz.com