Uranerz Energy Corporation

Uranerz Energy Corporation

March 19, 2007 13:31 ET

Uranerz Welcomes New General Manager of Production

CASPER, WYOMING--(CCNMatthews - March 19, 2007) - Uranerz Energy Corporation (AMEX:URZ)(FRANKFURT:U9E) is pleased to announce the hiring of Mrs. Glenda Thomas to the Casper, Wyoming Operations Office as the General Manager of Production.

Mrs. Thomas started her chemical engineering career as an employee of Cameco Corporation at their Key Lake Uranium Mine in Saskatchewan, Canada as a university student intern. At Key Lake she helped determine leaching characteristics of the McArthur River uranium test ore so that engineering modifications could be designed for the Key Lake mill to process the high grade McArthur River ore during commercial production. The Key Lake mill is currently successfully processing the McArthur River ore.

Mrs. Thomas most recently worked as the Sodium Bicarbonate Plant Manager at FMC Corporation's Trona Mine located in Southwest Wyoming. FMC's mine consists of a large underground mine, an in-situ leach mine, and seven separate sodium based (Trona) processing plants. She directed a staff of 15 including supervisors, engineers, operators, and maintenance personnel. During Mrs. Thomas's tenure the bicarb plant set monthly and annual production tonnage records, achieved four Superior ratings from the American Institute of Baking, successfully completed a Food and Drug Administration (FDA) audit, continued the plant ISO 9000 requirements, and maintained an accident and citation free plant according to the Mine Safety and Health Administration (MSHA).

During her career at FMC, Mrs. Thomas also worked as the Production & Start Up Engineer at the FMC Granger mine. There she initiated the restart of the 70,000 tons per year Sodium Hydroxide (Caustic) Plant while simultaneously shutting down the Granger Soda Ash plant. Mrs. Thomas was selected to the corporate FMC Ethics Board and appointed to the Committee for Successful Women in Wyoming during her time at Granger. Before moving to the FMC Granger facility, Mrs. Thomas gained considerable hands-on production experience as a Shift Supervisor & Engineer at FMC's Sodium Sesquicarbonate Plant.

Mrs. Thomas received her Bachelor's degree in Chemical Engineering from the University of Wyoming where she was a multi-year scholarship recipient from the Society of Mining & Metallurgical Engineers.

Uranerz Energy Corporation is a pure-play uranium company listed on the American Stock Exchange. The Company is engaged in the acquisition, exploration and development of properties in the uranium sector. The Company's goal is to become a 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, the world's largest primary uranium producer.

Uranerz Energy Corporation has expertise in in-situ recovery mining and holds projects in Wyoming with uranium-mineralized sandstone. These Powder River Basin uranium properties are advanced, and the Company has initiated environmental licensing and mine planning for the development of two of these projects.

Uranerz 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.


Glenn Catchpole, President and CEO

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
    Dennis Higgs
    Investor Relations
    Website: www.uranerz.com