Uranium Energy Corp
OTC Bulletin Board : URME
FRANKFURT : U6Z
BERLIN : U6Z

Uranium Energy Corp

December 06, 2006 09:02 ET

Uranium Energy Corp Doubles its Uranium Exploration and Development Database

Acquisition of Database Covers Over 1 Million Feet of Drilling, on Over 100 Properties, in 15 US States

AUSTIN, TEXAS--(CCNMatthews - Dec. 6, 2006) - Uranium Energy Corp (OTCBB:URME)(FWB:U6Z)(BERLIN:U6Z) Uranium Energy Corp announces a significant expansion to its uranium exploration and development database, giving the Company increased access to uranium resources throughout the southern United States.

The recent acquisition includes the following data: drilling and logging data from over 1 million feet of uranium exploration and development drilling, resource calculation reports and various other geological reports, drill hole location maps and other strategic mapping. The data was originally compiled from 1972 to 1981 by various exploration companies, and covers over 100 uranium prospects in 15 southern US states.

Uranium Energy Corp's library of uranium exploration and development databases is pre-eminent in the industry and contains over 2.6 million feet of drilling data, on properties in 17 US states. This strategic library provides the Company's technical personnel with the precise locations of where historically drill-indicated uranium resources exist.

About Uranium Energy Corp

Uranium Energy Corp (OTCBB:URME) is a US-based junior resource company with the objective of becoming a near-term ISL uranium producer in the United States. The Company is developing its advanced-stage Goliad Project in South Texas, with ISL uranium production projected to begin in 2009. Uranium Energy Corp controls one of the largest historical uranium exploration and development databases in the US. Through the use of these databases, the Company has acquired advanced uranium properties throughout the southwestern US. The operational management is comprised of pre-eminent uranium mining and exploration professionals, whose collective experience in the uranium mining industry gives the Company ongoing uranium mine-finding and uranium mine development expertise. Uranium Energy Corp is well positioned to capitalize on the current alternative energy boom. For more information, please visit www.uraniumenergy.com.

Safe Harbor Statement

This news release contains forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities and Exchange Act of 1934, as amended. Statements in this news release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. These statements involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein. Such risks and uncertainties may include, but are not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment or human resources, the effect of economic and business conditions, the ability to attract and retain skilled personnel and factors outside the control of the Company. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's periodic reports filed from time-to-time with the United States Securities and Exchange Commission. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Contact Information

  • Uranium Energy Corp
    Contact North America
    Investor Relations
    (604) 682-9775
    (604) 682-3591 (FAX)
    Email: info@uraniumenergy.com
    Website: www.uraniumenergy.com
    or
    International Market Trend AG
    Contact Europe
    +41.43.888.67.00
    +41.43.888.67.09 (FAX)